March 24, 2013 By Joseph P. Farrell

In yesterday's blog about the affair of the theft of Cypriots' savings by European banksters, I presented the basic thesis that the background is as much geopolitical as financial. In that context, it should come as no surprise that the Cyprus affair occurs as the West is bogged down in Syria, caught red-handed in support of extremist rebels who make the Assad regime look like a font of compassion and restraint. Syria, of course, is a necessary operation in the geopolitical sense, for it ill-behooves any potential military operations against Iran to have a strong ally of Russia positioned behind the Iraqi-forward bases.

The geopolitical nature of the affair seems to be reinforced by the fact that as ATMs on Cyprus run low on cash and as credit card payments are refused, the  former Russian president and Putin protege Dmitri Medvedev compared the European Union and its thieving oligarchs to the former Soviet Union (See Cyprus ATMs Low On Cash, Credit Card Payments Refused; Medvedev Compares Europe To USSR). Such statements only serve to outline the profundity of the crisis, for merely a couple of decades ago, such statements from Russian leaders would simply have been dismissed as Communist or Russian hysteria and paranoia.

Now, no longer. They are, in fact, closer to the truth.  But there is another  factor now in play. Let's recall what we have thus far:

  1. Cyprus was an "offshore banking haven" and as such enjoyed large deposits from Russian oligarchs;
  2. When Russian intelligence picked up on the rumored seizure of accounts in Cyprus, they withdrew billions from the island, making it highly likely that at least some of the targets of the actions of Western banksters were indeed those Russian funds.

As a mechanism of bringing Cyprus to submission, the banksters may have miscalculated, for the sudden outflow of Russian money only prompted a Cypriot political overture to...

...Moscow: Island afloat? Cyprus turns to Moscow for Cash

Now note RT's peculiar choice of words here: the European "bailout" proposals are a "tithe," a pledge to an essential dogma-driven institution in which one must have "faith," in this case, the institution being the EU and the wider system of western finance.  The message is subtle, and all too clear: there should be no faith in the Western system of finance, for the simple reason that the people running it are out of control and little better than mobsters. Again, former Russian President Medvedev compared the Western financial oligarchs to Soviet era apparatchiks, concerned only for the furtherance of their own power:

“'All possible mistakes that could be made have been made by them, the measure that was proposed is of a confiscation nature, and unprecedented in its character. I can’t compare it with anything but … decisions made by Soviet authorities … when they didn’t think much about the savings of their population. But we are living in the 21st century, under market economic conditions. Everybody has been insisting that ownership rights should be respected.'”

"Medvedev’s statements echo those of President Putin who, likewise, warned about the EU’s unprecedented private asset grab in Cyprus calling it 'unjust, unprofessional, and dangerous.'”(See Russian Leader Warns, Get All Money Out Of Western Banks Now!)

The problem, as the above-cited article makes clear, the opposition to the EU's moves in Cyprus now extend to Canada. In a word, this means that the factionalism that I have been predicting for some time now would unravel the wonderful Rockefailure-Rottenchild world of New World Order Globalogna is fraying around the edges: the actions are clearly criminal, and even though for the moment the EU solution appears to be stalled, the real point is that they would contemplate such action at all. Today Cyprus, tomorrow...Italy? Spain? Portugal? (See Banking Chief Calls For 15% Looting of Italians’ Savings) or even America? (See Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits)

More importantly, Medvedev is proferring a policy that if followed will only result in runs on the banks, and we can predict this will happen in Cyprus when the banks reopen (See Krugman And The Cyprus Endgame: But What If 'Doing An Iceland' Succeeds?) As the article makes clear, Cyprus is about geopolitics, and, as the RT article made clear, a kind of religious faith  in a dogma that the EU is necessary to world progress... it's part and parcel of the great Western Oligarchical game: a global government, based on regional "economic blocs"... the only problem is, it isn't working, and everyone knows it isn't working. On this particular point, I tend to agree with Krugman: Cyprus should pull out of the EU, and do an "Iceland." And a modest proposal, it should also issue arrest warrants for the central banksters concerned. As the EU cracks up, other countries might consider doing the same.

So what is going on here? I take a view very close to The Daily Bell, that the grand experiment called the EU is unravelling, as reality and rhetoric increasingly come into conflict, and the central banksters increasingly resort to raw, naked blackmail as a matter of policy(a big mistake in my opinion). We can at least be grateful that the whole episode is exposing the central banksters for what they have always been: Parasites, and fundamentally, thieves masking behind the cloak of legitimacy that their monopoly money power grants them.

Was the Cyprus Crisis a Mistake?

Central Banking Fail: The Message Sent May Not Be the One Received

And all this brings us to the quiet presence that's been hovering in the background of the Cyprus affair, and to what - high octane speculation time again folks - may really be going on: Germany.

See you on the flip side.