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Saturday, March 23, 2013

The Euro has failed

So much for the idea that the EU and its euro would lead to more economic freedom rather than less.  Time finally ran out on what was always a vast con. Cyprus passes a law installing capital controls, thus prohibiting money transfers out of the country:
While it is unknown if the Cypriot parliament will agree to, and enact into law, the Troika-demanded deposit haircuts, after the shocking vote of mutiny against Merkel earlier this week that saw not one politician vote for the Europe suggested deposit tax levy (and even the ruling party abstained), a vote which will once more take place tomorrow, moments ago Cyprus became the first Eurozone country to officially implement governmental capital controls into legislation. At this point it had no choice: whatever happens with the deposit haircut, or with everything else, it is now inevitable that the local Cypriots will do all they can to pull as much money from domestic banking system as possible following the complete loss of faith and trust in banks, which is why the government had no choice but to intervene with its own "controls." Sadly, this marks a milestone in the development of the Eurozone - it's all downhill, and accelerating, from here.
Nor is the banking debacle limited to Cyprus any longer, as Spain has announced its intention to steal from Spanish depositors:  "the Spanish Minister of Finance & Public Administration announced this week a tax or bank levy (probably 0.2%) to be imposed on bank deposits, without details on which deposits will be affected or timing."

It is time for the disastrous Euro experiment to end.  Now.  Bring back the Deutsche Mark.  Bring back the Franc.  Bring back the Lira.  The Euro has failed.

UPDATE: The news out of Cyprus just keeps getting better.

"According to the rapidly shifting plan, depositors with the biggest local bank, Bank of Cyprus, may see losses up to 25%.... Cyprus' second largest bank, Cyprus Popular Bank, aka Laiki bank, where it appears the bulk of Russian cash is stored, will fare far, far worse with deposit haircuts up to a stunning 70% on the table, and that is after capital controls ease enough to allow for the deposit withdrawals!"

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119 Comments:

Anonymous Clay March 23, 2013 5:57 AM  

I'm curious as to how you protected your family, since you're in the EU.


Can you say?

Blogger Positive Dennis March 23, 2013 6:13 AM  

This seems a little premature.

Blogger JACIII March 23, 2013 6:15 AM  

Ha!
So, Putin has encouraged the Cypriots to break from the EU, perhaps by stiffening their spines through comparisons between KGB operative tactics and those of fat banksters.

Wouldn't it be interesting to see a "kinder, gentler" eastern bloc beginning to form. The Hun will not like this.

Blogger Rantor March 23, 2013 6:38 AM  

If only they could allow this to happen. I fear there will be blood in the streets before they allow the Euro to fail.

Of course hey could always revert to a smaller, Core Euro Zone, the COREZ. But taking the south out of the EuroZone will be painful. What will Deutsche Bank do when the southerners start paying off their bonds in Drachma, Lire, and Francs? They don't want that crap. Of course they thought denominating Southern debt in Euros would change the equation. Unfortunately bad debt is bad debt no matter what you call it.

I hear deflation coming, with attendant bank failures and societal malaise. Just remember, it isn't the end of the world, jonly the transition to a new game where bankers will still have too much power.

Anonymous Koanic March 23, 2013 6:45 AM  

In Cyprus was a winepress
In the lagar to and fro
The oligrapes went dancing
Until they tried to go.

On the manerckels that bound them
Glowed a Sauronic Euro,
And a continent of white men
Saw their sov'reignty'd been stole.

And many things thought long forgot
lurking in the wings
With fascist airs and cannon shot
burst upon the scene.

Anonymous zen0 March 23, 2013 6:58 AM  

The banking sector was split into good and bad banks. If they convert the uninsured deposits into CD's next, they may be aiming for the solution used by Ireland, which to my ears sounds like kicking Schrodinger's Cat down the road.

Anonymous Rantor March 23, 2013 7:04 AM  

@zen0,

Problem is, they are all bad banks. In some the rigor mortis is just more apparent

Anonymous scoobius dubious March 23, 2013 7:30 AM  

In Euro-land did Banker Squids
A phony currency decree,
Where Wealth, the magic substance, ran
Right out of Hansel and Gretel's hands
Down to a mediterranean sea.

So thrice five nations of fertile ground
With regulations were girdled round,
And here were Ministries plump with bureaucrats,
All shuttling to meetings in their limousines,
And there were ban-lieus all stuffed with human rats,
Who lived on welfare, or who peddled tangerines.

It was a miracle to Protestants and papists:
A wealthy continent filled up with Muslim rapists.
And 'mid this tumult the Squids heard from far
Ancestral voices prophesying war!


Anonymous scoobius dubious March 23, 2013 7:42 AM  

"Wouldn't it be interesting to see a "kinder, gentler" eastern bloc beginning to form"

I'm beginning to think that a resurgent eastern bloc is the only thing that can save Europe from leftist anti-white genocide. If Russia, Poland and Ukraine could get their demographic house in order and get their TFR to a healthy number (Putin it appears is already pushing this), and they showed an honest goodwill and renunciation of old-fashioned Russian ham-fisted tyranny (I know, a big if), then nationalist factions in Germany and points west could leverage Eastern power (backed by Russian arms if need be) to begin the messy job of cleaning house in the rest of Europe.

It would be ironic to see a right-wing East leaning hard on a left-wing West. Plus, once North America breaks apart politically along racial lines and reforms into new countries, which is now basically inevitable, the white part of the country could align itself with the Russian/Eastern bloc to protect itself from the sinister genocidal multicult remnants of the USG.

Now that's a fantasy novel I'd pay to read: a thoughtful projection of a future political and demographic re-shuffling of the cards throughout the entire white world.

Any novelists out there looking for a subject?

Anonymous jack March 23, 2013 7:52 AM  

@Scoobius: Any novelists out there looking for a subject?

I think Heinlein got off this train with his novel 'Friday.' That one even had what amounted to trans-humans as the heroes. The USA had been broken up into individual 'areas' of influence. I note that Heinlein still had an economic system in this novel that supported across border use of things like credit cards. Seems we may never be rid of banks and the possible abuses therein.

Anonymous Stilicho March 23, 2013 8:17 AM  

In Euro-land did Banker Squids
A phony currency decree,
Where Wealth, the magic substance, ran
Right out of Hansel and Gretel's hands
Down to a mediterranean sea.


OK, that was good.

Anonymous Joe Doakes March 23, 2013 8:26 AM  

Doesn't the USA already have something similar? You must report moving money off-shore, you still owe income taxes even if you leave the country.

Anonymous VD March 23, 2013 8:29 AM  

Doesn't the USA already have something similar? You must report moving money off-shore, you still owe income taxes even if you leave the country.

It's certainly moving in that direction, but it hasn't actually banned all money transfers outside of the country. The difference is several orders of magnitude.

Blogger Doom March 23, 2013 8:34 AM  

Wonderful! Oh, sure, there are going to be... readjustments to be made. But with the Euro dead, the oligarchy crumbles with it. Or, that is my thinking... hope. Hitler and Stalin are once again being pushed into where the sun doesn't shine, in the anus of history... I hope. Without protection? Ewwww...

Anonymous Stilicho March 23, 2013 8:39 AM  

The difference is several orders of magnitude.

Quite. The U.S. Treasury (IRS) is primarily concerned with enforcing its unique tax code at this time. The fact that this system of reporting and tracking lays the groundwork for future capital controls is merely an additional feature that isn't used yet. In other words, the IRS only goes after the income from any foreign accounts right now. They leave the principle alone, but they like knowing where it is.

Anonymous Sigyn March 23, 2013 8:40 AM  

Doom, your metaphor has stripped me of my will to live.

Blogger Nate March 23, 2013 9:11 AM  

Man... Russians install some really good spines.

Blogger Nate March 23, 2013 9:16 AM  

"They leave the principle alone, but they like knowing where it is."

They don't know where it is. They like bluffing their way through... so folks think they know where it is.... so folks will be to scared to bother moving it.

Once the money is gone... they know where it went. They have NO IDEA where it goes after that.

Blogger Remo March 23, 2013 9:18 AM  

The Swiss will be so happy. I remember thinking that they would crawl inside their misty mountains to weep when their primary money changing operations for all Europe ceased. If they can't offer one tenth of one percent spreads on Frank to Kroner that leaves only chocolate and watch making.

Anonymous zen0 March 23, 2013 9:22 AM  

ZH is now reporting a rumor of a 25% haircut for some, and 70% for others (Ruskies).

No decision til Sunday night. Should prove interesting.

Anonymous Steveo March 23, 2013 9:48 AM  

With visions of Kip bowling...

yeessssss.

__________________

The giant financial turd ball (the one that everyone can see) started rolling down the hill & it's heading for you. But hey, the journalists all say it can't roll down our hill, so there's that to bank on.

Anonymous Anonymous March 23, 2013 10:04 AM  

No.

"The Euro" hasn't failed any more than the gold standard failed. The Euro has done an admirable job of holding value, much like gold had.

What "The Euro" has done is exactly what gold did in the past and would have done now. Which is make it impossible to hide the failure of other things through changing the unit of measure.

The failure is fractional reserve banking, which took down Cyprus, Ireland, and Iceland (and Iceland wasn't even on the Euro).

And of European Socialism, which is bringing down the Rest of Europe (France, Spain, Greece, Italy, etc).

Anonymous Porky March 23, 2013 10:07 AM  

Somethings not right here. There's another play afoot.

Anonymous Sigyn March 23, 2013 10:23 AM  

Somethings not right here. There's another play afoot.

Like an attempt to crash the global economy and destabilize everything so as to impose a new order?

Nah. Too obvious.

Anonymous zen0 March 23, 2013 10:26 AM  

Somethings not right here.

A commentor named "bank guy in brussels" has an elaborate take on it. About 5th comment on the 70% story at ZH.

Anonymous Porky March 23, 2013 10:32 AM  

Nah. Too obvious.

Not talking big picture. The thing that doesn't compute is that the EU PTB would have absolutely no clue about how the Cypriot parliament would react. You don't make a play like that unless you are reasonably sure about the outcome.

Vox chalks it up to stupidity. I think they knew damn well the confiscatory tax wasn't going to pass and had another play in mind.

Again...these are not mouth breathing idiots we are up against. They are big time gamblers who know the game very well. When you are sitting at the table with Chris Moneymaker and Greg Raymer it's best not to assume that they are complete dolts who have no idea how to play poker.

Anonymous scoobius dubious March 23, 2013 10:32 AM  

"The failure is fractional reserve banking, which took down Cyprus, Ireland, and Iceland"

It may be. But Ireland, Cyprus and Iceland are all pretty small places with pretty small economies. The population of the three combined is smaller than the population of New York City. No amount of bank failure on such a small scale could sink the 400-million-strong industrial powerhouse EU on its own steam.

"And of European Socialism, which is bringing down the Rest of Europe (France, Spain, Greece, Italy, etc)."

The role of the euro in this, wouldn't you say, was to violate the Biblical injunction against yoking together unlike animals. The euro tied together different types of failing socialisms, with different rates of failure and different consequences.

It's a little like tying together a group of swimmers of differing sizes and levels of ability, along with some people who can't swim at all, and expect to stay afloat.

It didn't help that the European elites somehow decided that Europe was to cease being European and become the world's plaything, a mere cookie jar for every pair of grubby brown fingers on planet earth to root around in: think of all the money taxed out of the European workers, to pay for the welfare checks of Muslim and African layabouts, and to finance the invasion of their own maternity wards. Granted the euro itself is not responsible for that phenomenon, but it's a symptom of the same mad universalist vision, a blood cousin and instrument of the insane elite's will to power and destruction. It certainly greases the skids and makes the whole thing easier to destroy.

Marxists, I've come to believe, simply delight in wrecking things. Their substructural motivation seems to be a simple hatred for the world as it is, and an insane urge to kick it over and break it out of sheer spite. The euro gave them a heavier boot to kick with.

Blogger Nate March 23, 2013 10:36 AM  

of course there is. The massive gas well is the key. Russia wants some control over it... EU wants it all for themselves because right now.. Russia has a lot of power over the EU's gas supply.

Russia wants to keep that power... the EU would rather them not have so much of it.

Blogger Nate March 23, 2013 10:38 AM  

"No amount of bank failure on such a small scale could sink the 400-million-strong industrial powerhouse EU on its own steam."

But the bank failure isn't on a small scale Scoobius. The banks of the EU are actually worse off than the banks in Cyprus. Everyone is just pretending otherwise.

Percentage wise it will be the same. All the banks in Cyprus are going tits up. Practically all the banks, and all of the big banks, of europe will be going tits up.

America to.

Anonymous scoobius dubious March 23, 2013 10:45 AM  

"But the bank failure isn't on a small scale"

Oh I know. But the examples given were these tiny countries. I wouldn't know whether the underlying reason for the big Euro banks to evaporate will be fecklessness and malfeasance and crookedness, or whether the failure is baked into the cake of fractional reserve itself; that's something I'll let you druids debate. I mean, I assume that the origins of the Great Depression had some structural causes, and others that were simply caused by wrong-headed policy approaches. The two are different, at least to my mind. Politics and money never get too far apart from one another.

As an example: what's the longest period of time that the fractional reserve system worked smoothly, before encountering a catastrophic correction? Was the correction inevitable, or was it caused by human greed and blindness?


Blogger Nate March 23, 2013 11:01 AM  

Fractional reserve systems work just fine as long as banks are allowed to fail.

Blogger TontoBubbaGoldstein March 23, 2013 11:01 AM  

When you are sitting at the table with Chris Moneymaker and Greg Raymer it's best not to assume that they are complete dolts who have no idea how to play poker.

I would argue that Chris Moneymaker has no idea how to play poker.
…which probably proves your point.

Blogger Nate March 23, 2013 11:02 AM  

Look at iceland. Throw some bankers in jail... and 3 years later... you're fine.

Contrast that with the great depression. So yeah.. sure... every so often stuff goes bang and you throw some bankers in jail... and in 12 months to 2 years... you're fine.

Ultimately that's a lot better.

Blogger Nate March 23, 2013 11:04 AM  

Getting really good hands over and over... is a great way to play poker.

Its like Les Miles at LSU. He does dumb stuff all the time.. and yet it almost always works.

Chris Moneymaker did a lot of dumb stuff to.. but it all worked.

Anonymous Porky March 23, 2013 11:10 AM  

A fumblerooskie is not a dumb play. It's a risky one. Bluffing in poker is not dumb. It's risky.

For the EU to forget about the Cypriot parliament is like Doyle Brunson making it to the finals, laying down five cards and being told "Uh, Doyle, we're playing Texas Hold 'em."

It doesn't happen. Fumblerooskie's happen. Big time bluffs happen. This doesn't.



Anonymous Anonymous March 23, 2013 11:11 AM  


"The role of the euro in this, wouldn't you say, was to violate the Biblical injunction against yoking together unlike animals. "

No, I'd say it's like the kilogram. Everything can be measured in Kilograms. There is no yolking.

The gold standard "yolks" everyone together too. It "yolks" them to reality, to a non-fraudulent unit of measure that they can't manipulate to make it look like everything is okay.

The main complaint with the Euro so far is that the Germans haven't allowed it to come unhinged from an objective measure of value.

Since it's actually working fairly well as a unit, it's exposing them as frauds.



"mad universalist vision, a blood cousin and instrument of the insane elite's will to power and destruction."

There is definitely some truth to that, but lets not lump objective standards in the same group with mad universalism.

Anonymous Sigyn March 23, 2013 11:20 AM  

You don't make a play like that unless you are reasonably sure about the outcome.

Well, it's not over yet, is it? Cyprus still needs to find some money somewhere, and the IMF still thinks theirs is the best deal out there--which it might be.

They may not have accounted for the Russians, though.

I think they knew damn well the confiscatory tax wasn't going to pass and had another play in mind.

It's possible. They may have some people out to incite rioting and a revolution, like El Cid beseiging a city and then lobbing bread over the walls to turn the population against the governor.

...Thought occurs: Would Russia play good-cop, bad-cop with the EU in order to get the resources? I'm not up on this kind of thing.

Anonymous scoobius dubious March 23, 2013 11:20 AM  

"No, I'd say it's like the kilogram. Everything can be measured in Kilograms. The gold standard "yolks" everyone together too. It "yolks" them to reality, to a non-fraudulent unit of measure"

Except that I don't believe for a second that the Eurocrats created the currency because they were interested in objective measurements of value. They did it for political reasons, to forge Europe into a single mighty interdependent bloc, both for the thrill of being a colossus, and specifically to counter the might of the United States. Hell, they explicitly said so. The euro was more a tool in that process than it was a disinterested boon to mankind.

Anonymous Sigyn March 23, 2013 11:21 AM  

Anonymous, it's "yoke", unless you're implying eggs are involved somewhere.

Anonymous Van March 23, 2013 11:24 AM  

This may be win/win for bankers/statists. Confiscate a portion of all accounts, and the precedent is set. If the plan is rejected, and the banks fail, it's "we told you so" and it'll be easier to impose the same plan in Italy, Spain, or wherever is next.

Blogger TontoBubbaGoldstein March 23, 2013 11:27 AM  

@Anon:
I'm guess I'm not getting the "yolk".

Anonymous Spoos in August March 23, 2013 11:30 AM  

The United States had one banking crisis every 15-30 years from 1792 to 1929. One of the reasons that the current crisis is so large is that the policies put in place after the Great Depression helped paper over a lot of the flaws inherent in the fractional reserve system. Limiting some of the more risky business practices helped keep things chugging along without a long string of bank failures, especially while Bretton-Woods tied the dollar to gold, and before people could buy literally everything on credit.

A cash economy limits people to what they can actually afford, which helps preserve the integrity of pricing. Welfare results in too much money chasing the same amount of food, gas, housing, etc., and thus quickly becomes self-perpetuating. Combined with easily-available credit, it considerably decreases the purchasing power of everyone not on welfare, because the prices go up as mouth-breathers with low native future time orientation buy, en masse, the trappings of a middle class lifestyle with their Visa and "Independence" cards.

Thus, everyone collapses, eventually, into the very wealthy, or the emerging peasant class. Until there's a revolution. The cycle of history can't be wholly explained by currency failures, but if you look at the international bankers as (technocratic) oligarchs who place themselves above the law, the present winter of discontent is not so very novel. Aristocrats destroy the rule of law to gain the wealth of the yeomanry, use the resulting lucre to leverage the mob against the yeomanry to ensure they win the inevitable civil wars, and finally end up as lords of creation for a brief while until the barbarians at the gates burn everything down.

A republic is supposed to guard against this sort of cycle of government, but it doesn't work forever, because the rule of law is fragile, and a prosperous citizenry is a complacent citizenry. A strong monarch could guard against the aristocracy, but hereditary monarch tends to eventually fail to keep a lid on the schemings of his nobles. Regression to the mean is a real bugbear. In the end, I suspect that human nature is such that there is no long-lasting solution.

Anonymous Anonymous March 23, 2013 11:31 AM  

"Anonymous, it's "yoke", unless you're implying eggs are involved somewhere."

Opps. I have egg on my face!



(PS: early morning following a late night. Take it into account.)

Blogger TontoBubbaGoldstein March 23, 2013 11:33 AM  

@Nate:
Moneymaker was incredibly lucky in that WSOP championship that he won. But, dayum....the Mad Hatter does it year after year after year.....

Blogger Nate March 23, 2013 11:34 AM  

Anon... Pick a name mate... don't care what. Just pick one.

Blogger TontoBubbaGoldstein March 23, 2013 11:41 AM  

Opps. I have egg on my face!

Anon,
You need a handle. Might I suggest "Naughty By Nature."

Blogger Nate March 23, 2013 11:49 AM  

These 70% numbers are pure bluff. They are trying to get people to decide that maybe 10% isn't much after all.

Never gonna happen.

Sometime money there will be a deal worked out... and ECB will print the money.

Anonymous JartStar March 23, 2013 12:15 PM  

I'd love to listen to the conversation between the Russians and the EU if the Russians lose 70%.

Anonymous Boetain March 23, 2013 12:28 PM  

Moneymaker's not a great poker player, but anyone who wins a tournament, especially one with several thousand entrants, got lucky along the way. That's the main appeal of poker, any idiot can get lucky and win in the short run. The skill of the great players shows over the long, long run.

Anonymous OutlawX March 23, 2013 12:30 PM  

Where's Andrew Jackson when you need him?

Anonymous Outlaw X March 23, 2013 12:39 PM  

Vox do you see a war coming, Celente does?

Blogger Nate March 23, 2013 12:53 PM  

Outlaw... not speaking for Vox... but history proves that there is no way to untangle this mess without war. massive... total war.

Anonymous Dan in Tx (get a rope) March 23, 2013 12:59 PM  

Also war tends to help keep the populace focused on a foreign enemy instead of dragging their own rulers/banksters out into the street and hanging them.

Anonymous JartStar March 23, 2013 1:08 PM  

Vox do you see a war coming, Celente does?

Well N. Korea just put out another fantasy video with a horrible rock soundtrack showing them blowing up US aircraft carriers and airdropping into LA or some American city so watch out!

Anonymous Porky March 23, 2013 1:37 PM  

/facepalm/

Ugh. Forget Chris Moneymaker, people.

This is more like watching an NFL team line up to punt on first down. You can either point your finger and say "Ha ha what an idiot" or you can get ready for the fake punt.





Blogger Nate March 23, 2013 1:40 PM  

"This is more like watching an NFL team line up to punt on first down. You can either point your finger and say "Ha ha what an idiot" or you can get ready for the fake punt. "

I would argue its more like seeing a team line up for a punt on first down... while on the sidelines their coaching staff is handing out FN F2000s and SCAR-Hs.

It may be time to consider that football is not actually the sport anymore.

Anonymous rycamor March 23, 2013 1:48 PM  

Nate March 23, 2013 12:53 PM

Outlaw... not speaking for Vox... but history proves that there is no way to untangle this mess without war. massive... total war.


I'm just hoping it comes within the next 5-6 years, before my son gets old enough to be drafted.

Speaking of which... where on earth will the USA find the warriors if we try another WW? There just aren't enough fit and active young men, unless they plan on this being a drone war with joystick jockeys.

(Although, I notice there is one ethnic group of teens who seems to be getting fitter)

Anonymous Clay Clampett March 23, 2013 1:51 PM  

Hah!

I just got a call, from some folks who want to drill for oil or gas on some land I own mineral rights to in the Tinsley Oid Field in Mississipi! Look up Tinsley, on Wiki. You might be surprised.

The field produced for years & years, but it was considered "too" deep to be financially viable.

Now.....we're fracking cool. I don't figure they're calling, unless they already know something is there.

Black Tea....Mississippi Gold....swimmin' pools.....movie stars.

Anonymous Porky March 23, 2013 1:59 PM  

It may be time to consider that football is not actually the sport anymore.

All the more reason not to assume they are idiots.

It's not like they haven't had years and years to run the scenarios.

Anonymous Mr. Drysdale March 23, 2013 2:06 PM  

I just got a call, from some folks who want to drill for oil or gas on some land I own mineral rights to in the Tinsley Oid Field in Mississipi!

California's the place you ought ta be!

Anonymous Geoff March 23, 2013 2:10 PM  

@Nate,

So, where to be during the coming unpleasantness? Mid-west (I left CA for Omaha, but this winter is like nothing I ever saw in Jefferson Co...might be hard to live thru if energy goes dark for extended period), Sweet Home Alabama, Costa Rica, what's rank-ordered best places to survive?

Blogger Jerry E Beuterbaugh March 23, 2013 2:12 PM  

This is starting to get really concerning.

Anonymous Outaw X March 23, 2013 2:19 PM  

So, where to be during the coming unpleasantness?

Ground Zero.

Anonymous VD March 23, 2013 2:26 PM  

Vox do you see a war coming, Celente does?

Multiple wars. Let's all hope I'm wrong, spectacularly wrong, on this one.

Anonymous Clay March 23, 2013 2:26 PM  

You quit being so negative, X.

Geoff, forget Costa Rica.....already too many Ameicans there.

Look at Roatan Island-Honduras. But, do it quick.

Anonymous jack March 23, 2013 3:20 PM  

VD March 23, 2013 2:26 PM

Vox do you see a war coming, Celente does?

Multiple wars. Let's all hope I'm wrong, spectacularly wrong, on this one.

I'll pray with you on that sentiment. But, unfortunately, it seems more likely you.are.correct...

God help us all.

Blogger Nate March 23, 2013 3:46 PM  

"So, where to be during the coming unpleasantness?"

You need to be able to get gone quick should the need arise. You don't have to leave now... but you should be looking for another country to move to should the need arise. I can't tell you which to pick. Our priorities are unlikely to be similar. Most folks want as close to the first world as they can get. I personally prefer 2nd world at best and would choose 3rd depending on a few factors.

In the US... again.. I would want to be somewhere that would allow me to leave via multiple means... and go anywhere I wanted. That means water. dig?

Blogger Nate March 23, 2013 3:47 PM  

"This is starting to get really concerning."

You haven't been paying attention... have you?

Blogger Nate March 23, 2013 3:48 PM  

"It's not like they haven't had years and years to run the scenarios."

The trouble is... they don't understand how this stuff works... but they are supremely confident they do.

When it blows up... it will be guns up.

Anonymous jg March 23, 2013 3:59 PM  

Thought this might be interesting:

http://www.zerohedge.com/news/2013-03-23/unsecured-depositors-world-unite-and-get-hell-out-these-countries

Anonymous cheddarman March 23, 2013 4:04 PM  


Are you all thinking economic warfare?

How will there be conventional war in Europe if Russia, France and Brittan are all nuclear powers, and the U.S. still has nuclear weapons in Europe?

I cant think of a scenario where a conventional war would start, say between Russia and the EU, and not end up going nuclear.

I though the whole point of the U.S. nuclear weapons in Europe was to prevent a conventional war


Sincerely

cheddarman

Anonymous Clay March 23, 2013 4:29 PM  

Bro...it's also a consideration....you just can't bug-out to just ANY country, and carry your guns and weaponry.

I know, I'm preacing to the choir her, but, some folks need to think.

Anonymous Clay March 23, 2013 4:33 PM  

I need a keyboad that isnt" sticky. too.

Anonymous Outlaw X March 23, 2013 4:35 PM  

I cant think of a scenario where a conventional war would start, say between Russia and the EU, and not end up going nuclear

Who said it wouldn't? It will.

Anonymous Salt March 23, 2013 4:39 PM  

Where's Andrew Jackson when you need him?

Lets go dig him up, set him in the White House. He may not do anything, but he'd still be better than what's there.

Anonymous Outlaw X March 23, 2013 4:49 PM  

Chedrman, the EU has a non substainable energy problem and a crumbling currency. Russia will cut off the natural gas to all NATO allies in the Balkins as well. I asked Vox the question because I think it will happen. I smell the stink from TX. It won't be pretty if it starts. I live two miles from a military base as the crow fly's. I may end as a shadow if it happens the way I think. JRB is a low priorty target though. Get out of the port cities. Get off the Coast. Colorado is a bad choice as are the Dakota's and central TX around and near Fort Hood. West TX and NW TX, are good. Pampa, TX or Liberal, Kansas.

Blogger Markku March 23, 2013 5:09 PM  

I cant think of a scenario where a conventional war would start, say between Russia and the EU, and not end up going nuclear.

Well, let's just say that Russia occupies Cyprus, just like it was a conventional war. But they don't DECLARE it a war, they just take it. Is the EU going to declare a war? No, that would mean nukes.

Nukes just mean that you can now do what the hell you like, with the knowledge that the enemy won't respond.

Blogger Markku March 23, 2013 5:15 PM  

Russia only needs to claim that it's an operation and not war, and if NATO interferes, they take it as a declaration of war and send the nukes away.

Anonymous jartstar March 23, 2013 5:24 PM  

It won't go nuclear unless a nation decides it has nothing to lose. There's to much to lose at this point but who knows what the future will bring.

Seroisly, who saw Cyprus as the possible flash point a couple of months ago, or that bank deposits would come under assault first?

Just a few weeks back even Vox said cash would be safe. The scary part is that the powers doing this are willing to risk the entire thing rather than taking losses. They either are incredibly stupid or know the game is almost over.

Blogger Markku March 23, 2013 5:30 PM  

It won't go nuclear unless a nation decides it has nothing to lose.

Right, but this is exactly why Russia can conquer and occupy as much as it likes. They know it won't go nuclear.

Anonymous Outlaw X March 23, 2013 5:37 PM  

Just a few weeks back even Vox said cash would be safe. The scary part is that the powers doing this are willing to risk the entire thing rather than taking losses. They either are incredibly stupid or know the game is almost over.

Vox made a precient post a while back about Doner I think his name was. The ex-cop they burnt up in a cabin. He shot himself in the head as the fire rged in the cabin. These people are the same kind of sociopaths in my opinion, and will eventually do a Doner. They will run for the bunkers, and hope to arise with 75% of the population in the norther hemisphere gone rather than go to jail. They are not sane by standrds we consider as sane.

I have been both to Pampa,TX and Liberal ( that's a twn not an adjective), KS. They are laces one can survive the holocaust. Or you could just listen to Jerry Falwell and be secure in your rapture before it happens. Or you could be like me and not give a shit. But That area between Pampa and Liberal, in my opinion are the best places to be in such a scenario.

Anonymous Geoff March 23, 2013 5:44 PM  

If the Causasian population of Alabama could be resettled in, say, Chile...I'd love that bolt-hole. Southern hemisphere should see a lot less radiation.

Unfortunately, Latin America is populated by Latin Americans. I understand there are no perfect options...but damn. When's that slow spaceship to Alpha Centauri loading up?

Anonymous jartstar March 23, 2013 5:44 PM  

@Markku

Russia could recoup their loses if they get the drilling rights one way or another and I bet the EU will consider Cyprus an acceptable loss so long as they get their money.

Anonymous zen0 March 23, 2013 6:44 PM  

Jartstar :

Seroisly, who saw Cyprus as the possible flash point a couple of months ago, ...

The former finance minister, Athanasios Orphanides. He apparently warned about it in a letter in the summer of 2011. Now he says "This is a fundamental change in the dynamics of Europe towards disintegration and I don’t see how this can be reversed.”

Anonymous zen0 March 23, 2013 6:50 PM  

Outlaw X correctly observes:

They will run for the bunkers, and hope to arise with 75% of the population in the norther hemisphere gone rather than go to jail.

Curtis Mayfield agrees:

There ain't no room for the hopeless sinner /
who would hurt all mankind /
Just to save his own /
Have pity on those whose chances grow thinner /
For there is no hiding place against the kingdom's throne


- People Get Ready

Anonymous VD March 23, 2013 6:53 PM  

Well, let's just say that Russia occupies Cyprus, just like it was a conventional war. But they don't DECLARE it a war, they just take it.

Take it? All they need to do is immigrate it. And how could the EU object to that?

Blogger Markku March 23, 2013 6:55 PM  

And these wars, they can't be won
Does anyone know or care how they begun?
They just promise to go on
And on and on
But soon we will see
There can be only one

United States!
United States!
Of...

Eurasia!
... sia!
... sia!
... sia!

Anonymous scoobius dubious March 23, 2013 7:13 PM  

There isn't going to be any war, except maybe by accident because somebody misread somebody else's counter-bluff or some diplomatic misunderstanding. With the exception of the Muslim world and the Chinese (neither of whom can project power long-range), there are no youth cultures that are actually willing to fight. There might be a couple of tit-for-tat flash points, but these will be quickly sorted out, either through mass diplomacy or through techno-threats. There could be a lot of lasting tension, but I doubt it will explode into something we'd recognize as a "war".

The only kids in America really willing to fight for America are the volunteers who already currently staff our forces, and Bush overextended them and bled them white over nothing. Imagine trying to draft a bunch of those rully patriotic second-generation immigrant kids sitting pretty at UC Irvine or playing computer games in the suburbs, watch what happens. Mine eyes have seen the glory of the coming of the... hey, why are you burning that flag? You're supposed to fight for it!

Same thing in Europe. The Muslim kids will fight... the French police, not for France. The Euro kids will fight... racism and patriarchy and for transgendered rights, not for the homeland. The Russians might be willing to fight, but not for too long, and not too far, at least not to scale. They can roll into Georgia, sure, that's easy. They can't roll into Munich.

Oh, no. They sent a fleet to the Mediterranean! How big was it? It's a theatrical road show. The Americans would pick their teeth with such a "fleet" if anything _really_ happened, and everybody knows it. And they'd all have enough cannon fodder to last for about two weeks of real shooting, before the pics of the carnage wound up on Twitter, and everybody's kids except the Chinese said, Uh, sorry, no. Transformers 5 is coming out this weekend, can't miss it.

Maybe Sandburg was right. This time they'll give a war, and nobody will come.


Blogger Nate March 23, 2013 7:28 PM  

Scoob.... one day you claim WWIII is already going on and we don't realize it... the next you claim there isn't going to be a war.

Make up your mind.

Anonymous zen0 March 23, 2013 7:36 PM  

scoobius dubious opines:
Oh, no. They sent a fleet to the Mediterranean! How big was it? It's a theatrical road show.

How appropriate you would ignore the Chinese presence.


Some European and U.S. security analysts remain nervous over the Chinese expansion - particularly in Naples, where the Chinese-owned terminal directly overlooks NATO's main Mediterranean naval base. But in Greece, the Chinese investment remains relatively popular. With the purchase of new cranes and other equipment, Cosco has increased container traffic through its terminal by some 70 percent each of the three years of operation.

"There are many good reasons for Beijing to show its flag," wrote Hoslag in "Global Times", a nationalist tabloid published by the Communist Party mouthpiece the "People's Daily. "It is better to make countries around the Mediterranean used to Chinese naval presence than to alarm them later on."


Meanwhile, China and Russia, members of the U.N. Security Council, seem particularly friendly these days.

Anonymous Stilicho March 23, 2013 7:47 PM  

Once the money is gone... they know where it went. They have NO IDEA where it goes after that.

That depends entirely on the level of cooperation they get from the locals. Pick good locals. YMMV.

Anonymous scoobius dubious March 23, 2013 7:56 PM  

"one day you claim WWIII is already going on and we don't realize it... the next you claim there isn't going to be a war.

Make up your mind."

I'm talking about an old-fashioned shooting war. WWIII itself has indeed been going on for decades... but it's Gramscian sixth-gen warfare, waged culturally and demographically, through mass immigration and fifth-column cultural sabotage. The vanquished are hypnotized into vanquishing themselves.

"Invasion of the Body Snatchers" depicted a war, too. Only it was a war fought with giant space watermelons, not with laser guns. Much more like what we're fighting (or NOT fighting, really) and losing to.

Plus this war is much more permanent: if Germany whomps France in the Franco-Prussian war, then they come to terms and make a treaty, and both Germany and France continue to exist. When this war is over, whites and Christianity will have been erased from the face of the earth, with no chance of their ever returning. It is a war of finality.

Anonymous kh123 March 23, 2013 9:23 PM  

"Doner I think his name was. The ex-cop they burnt up in a cabin."

Both are cases of a clan devouring their own out in the wilderness.

Blogger Nate March 23, 2013 9:29 PM  

"Plus this war is much more permanent: if Germany whomps France in the Franco-Prussian war, then they come to terms and make a treaty, and both Germany and France continue to exist. When this war is over, whites and Christianity will have been erased from the face of the earth, with no chance of their ever returning. It is a war of finality."

Oh stop being such a drama queen. There is a reason there are whole continents of folks that are literally terrified of angry white people.

So whites these days are slow to anger? Yep.

Doesn't change the results when the anger finally shows up.

The response will be acute. And far more brutal than almost anyone alive today can imagine.

Anonymous scoobius dubious March 23, 2013 10:43 PM  

"The response will be acute. And far more brutal than almost anyone alive today can imagine."

Doubtful. Besides, in clinical terms, a chronic response, not an acute one, would be what is necessary to reverse the chronic symptoms we observe today.

Who's really being the drama queen? This bunch is predicting a war, possibly a nuclear war, over some crooked bank deposits on a tiny island.

I'm watching --not predicting, actually watching-- whites being ground down and erased on multiple fronts: decimated through abortion, miscegenation, rape campaigns, feminist family-hatred, deliberately-promoted low fertility rates, and deliberately-erected economic and social obstacles to white family formation.

White culture and religion are being attacked, maligned and destroyed in public wherever possible, white-built institutions invaded and occupied by outsiders, and young whites brainwashed into hating themselves and becoming passive observers of their own annihilation, if not active participants in it. I'm watching whites being buried alive under an immigrant avalanche of mud and shit. I'm watching white governments and courts adopt policies and decisions that deliberately take the side of anyone, ANYONE but whites. I'm watching clear discourse be dismantled and replaced with Orwellian newspeak, a deliberate attempt to make it impossible for whites to think clearly about what is happening to their people and their nations. I'm watching a massive erosion of freedom making it impossible for whites to discuss aloud and in public, the issues which affect them as a people. I'm watching whites being hypnotized by all this into believing that they in fact are NOT a people -- but all non-whites are.

Who's going to exact this terrible brutal vengeance? Who's going to make other continents tremble? THIS bunch of schmucks?

http://www.breitbart.com/InstaBlog/2013/03/22/The-Thought-Leaders-of-Tomorrow

That is what far, far too many white people have turned into. Can they reverse course in time?

Blogger rcocean March 23, 2013 10:57 PM  

Cyrus Banking - Ah, the magic of the free market.

Anonymous scoobius dubious March 23, 2013 10:59 PM  

"There is a reason there are whole continents of folks that are literally terrified of angry white people."

I think you mean to say, WERE terrified. Nowadays they mostly just laugh. Who wouldn't laugh at a civilization that willfully gives away without a fight its territority, its law, its sovereignty, its treasure, its women, to anyone willing to simply pick them up off the ground where they were left unguarded?

You ought to recall your history. There have only been two periods of history, each roughly 500-600 years long, when other civilizations were afraid of whites: the Greco-Roman high tide, roughly 300 BC - 400 AD, and the modern age of science and voyages of discovery, roughly 1492 (or maybe 1683) to the present.

In between, for about a thousand years, much of white territory was the world's punching bag: whites got their asses royally handed to them again and again by the Arabs, the Berbers, the Turks, the Mongols.

What saved whites' asses (literally, saved their skin) was the discovery of the Americas and superior science, technology, military theory, and shipbuilding. But whites shared their science and technology with the world, and now anybody can get their hands on guns and high-tech militoys. So that advantage is either gone, or has become marginal, and is soon to be gone. Meantime whites don't have impressive numbers any longer, and are swimming in a sea of hostile, foreign invaders able to attack from within. White moral and cultural cohesion have been massively eroded, making it all the more difficult to repel such attacks. A pair of feral monkeys shot a white baby in the face the other day, and there was no formally white response.

When a real war starts (I mean a real one, not these charades in the Middle East) and the Chinese knock out half or more of our satellites in the first fifteen minutes (which is the first thing they'll do, probably well before hostilities formally begin), much or most of our advantage in superior fancy weapons and intel will be gone instantly. Then the advantage will be in raw brute numbers, ruthlessness, and sheer iron will. All things that the present crop of whites have become world famous for NOT having.

Anonymous Outlaw X March 23, 2013 11:46 PM  

Scooby, what part of the country do you live in? Just curious.

Blogger rcocean March 23, 2013 11:51 PM  

Outlaw X, what country are YOU from. Just curious.

Anonymous Anonagain March 23, 2013 11:54 PM  

A pair of feral monkeys shot a white baby in the face the other day,

You really shouldn't say that, you know.

It's rabid, not feral, monkeys. Rabid Monkeys...

Anonymous Outlaw X March 23, 2013 11:58 PM  

Outlaw X, what country are YOU from. Just curious.

Cowtown USA, Fort Worth TX.

Anonymous Outlaw X March 24, 2013 12:27 AM  

I suspect rcocean believes that if I ask someone where they are from means I disagree with them. I also suspect he fears to be asked from which part of the world he hails. I could be wrong but the "YOU" kinda gave it away.

Blogger Desert Cat March 24, 2013 12:38 AM  

(Although, I notice there is one ethnic group of teens who seems to be getting fitter)

Is that what it is about, cannon fodder for the next NeoCon wars? How very cynical of them...

Anonymous Outlaw X March 24, 2013 12:50 AM  

OT

I gave up spell check in order to learn to spell better, and I quit the calculator in order to revisit my math. So if things seem off it is on purpose I do these things, and if I don't remember how to spell something I have to use a manual dictionary, no internet. I feel we have become to dependent on the electonics. I was just looking over a paper I wrote in college, done on a typewriter. No spelling errors on yellowing paper. I'm officially old.

Blogger rcocean March 24, 2013 7:42 AM  

SO why not answer the question directly instead of tap dancing?

Blogger Nate March 24, 2013 9:16 AM  

Scoob... europe and russia will be pushed around until they decide they are don't being pushed around. And then they won't just push back.

What we have here is a failure to communicate. The muslim world... the eastern world... sees mercy as weakness. The west values meekness (which is not weakness... meakness is power restrained... not a lack of power) and mercy.

Everyone talks about Thermopylae but no one remembers little Wallacia. Oh you remember Wallacia... where... with sheer brutality... one man terrified the ottoman horde so badly they simply left and never returned? The rest of Europe had its head up its ass and he was thoroughly on his own.

Vlad Tepes. The details vary... but the lesson is... you impale enough folks alive... and the raghead horde turns around and slinks back to turkey. I prefer the account where he lined the road to his capital with thousands of impaled turks. the more widely accepted version is... he basically created a forest of screaming impaled invaders.

Either way... the lesson is... Muslims respect brutality.

They will push until they get it... and then they will run like scalded dogs.

Anonymous Sigyn March 24, 2013 9:22 AM  

They will push until they get it... and then they will run like scalded dogs.

So, what you're saying is that Muslim aggression is one massive s-test?

Anonymous Sigyn March 24, 2013 9:43 AM  

On-topic: Cyprus is talking 20% from 100K+ accounts now.

Blogger Nate March 24, 2013 10:02 AM  

"So, what you're saying is that Muslim aggression is one massive s-test?"

Always has been. They only respect a boot on their throat.

Anonymous Sigyn March 24, 2013 10:11 AM  

Muslims = women? This explains a lot, actually, especially why the libs like 'em so much.

Anonymous Jabari March 24, 2013 11:51 AM  

As a side note, ZH didn't have a link for the Spanish "depositor tax". The couple of things I found say that it's a "tax on banks, not depositors".

Though I'm curious how to tax banks that have no capital.

EU Gazette News

Anonymous scoobius dubious March 24, 2013 11:53 AM  

"So, what you're saying is that Muslim aggression is one massive s-test?"

Always has been. They only respect a boot on their throat.

Muslims = women?"

This is all way oversimplifying the nature of Muslim theology, which COMMANDS aggression against all non-Muslims. If you defeat them they'll back off, with the intention of fighting another day when they're strong enough to win. But they'll never "respect" you; they respect nothing except Islam, it's just that they'll decline to fight you when they think they won't win. It's not a shit-test, it's territorial pissing, except in their view, their proper territory is the entire world. There is a school of widely-accepted Muslim jurisprudence which declares that Allah created infidels who owned land and property, so that Muslims would have something to plunder, and people to justly rape and kill and enslave.

We've been fighting wars and getting ourselves wrapped up in the Middle East for years, led by imbeciles who haven't bothered to read the Koran, and don't know what's in it. "Know your enemy" is something that's never even crossed the minds of the fools planning US policy w/r/t the Muslim world.

The only people in the State Department who know anything about Islam are the many Muslims and crypto-Muslims who have infiltrated the State Dept. and are using it against us. Figures.

Blogger Nate March 24, 2013 12:31 PM  

"If you defeat them they'll back off, with the intention of fighting another day when they're strong enough to win."

No. They come back three generations or so later when they have forgotten the brutality.

Absolutely they are commanded to hate and attack non-muslims. Never the less they are, at their hearts, nomadic cowards and always have been. They'll attack only when they think its easy... and the first sign that they see its not going to be easy... they tuck their tails and run home like bitches.

The Brutality Tepes showed would've strengthened the resolve of a western army... not scared it away. It would've been even more determined to end the life of the psycho. Muslims... are cowards. Bravely attacking those they see as weak... and running home terrified of any that demonstrate power.

Blogger James Dixon March 24, 2013 1:27 PM  

> ...it's territorial pissing, except in their view, their proper territory is the entire world.

Which makes the solution to the problem rather obvious, doesn't it.

Anonymous Sigyn March 24, 2013 2:05 PM  

Which makes the solution to the problem rather obvious, doesn't it.

Every time they do their business outside their sandbox, rub their noses in it?

Anonymous Geoff March 24, 2013 2:16 PM  

@James Dixon,


Oh no you d'int!

Blogger James Dixon March 24, 2013 5:57 PM  

> Oh no you d'int!

Very carefully not, actually. The conclusions are left to the reader.

Anonymous Shut Up, Nate March 26, 2013 9:25 PM  

"Muslims... are cowards. Bravely attacking those they see as weak... and running home terrified of any that demonstrate power."

So you make this comment, then follow it up on another thread by claiming you had a Muslim buddy who was a former soldier in the Egyptian military who punched a Saudi Prince. There seems to be a disconnect on your part...how can the Muslim dude be "a coward" when he hit a powerful Arab in the chops, even if he was unaware of his status until after the incident? The Muslim dude did NOT feel any remorse. That is NOT the mark of a scardy-cat.

FACEPALM, BITCH!

Blogger Jerry Gene October 14, 2013 3:59 AM  

Very informative post. Keep up the good work. I would really look forward to your other posts

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