The European Central Bank, the European Union, and the International Monetary Fund (collectively known as the "troika") are taking advantage of the struggles of individual countries to consolidate their power and control over the people of Europe. That means that European nations and the banks who need bailouts must bow to the wishes of the troika. If the financially irresponsible countries and their bankers want help from the EU, then they better do what they are told – or else.
After the problems in Greece, Italy, Portugal and others, the people in economically strong countries like Germany are sick and tired of having their hard-earned money bail out corrupt and inefficient banks and nations. And so we come to Cyprus.
Cyprus is so small that the EU decided to use them as a laboratory. The ones who caused that nation’s problems – the banks and the government – have essentially been ordered to steal money from the average Cypriot’s bank accounts. The responsible are expected to bail out the irresponsible. It's wrong to take money from innocent Cypriots, but it's equally wrong to expect the Germans to pay for the sins of the Cyprus government and banks.
Guess there just isn't enough money to go around. Beginning to sound familiar?
In America, the problems are many including the money machine at the Federal Reserve and the giant banks and financial institutions with their corrupt, foolhardy investment practices. As individual citizens, we try to play by the rules, save our money, pay our bills, and live within our means, but our government does not. We endeavor to elect the best representatives possible, but many of those representatives betray us, falling prey to the lure of power, privilege, and the influence of their friends in the financial world.
The following article shows what has transpired in Europe as the "troika" has assumed virtual dictatorial control over the nations of the EU and their citizens.
Barack Obama, John Boehner, Paul Ryan and others say we don’t have “an immediate debt crisis.” Well, Americans believe we do. We have lost control of our economy to reckless spending, bankers who gamble with our money, and politicians who don’t have the courage to fix the problem.
Sounds just like Europe, doesn’t it?
CYPRUS BAILOUT: INSOLVENT EURO NATIONS CONTINUE TO CEDE SOVEREIGNTY
March 18, 2013
Over the weekend the tiny nation of Cyprus (and its overseas depositors) became the latest Europeans to learn the painful rule that is increasingly guiding the continent’s debt crisis: the less solvent a country is, the more sovereignty its citizens must relinquish.
In exchange for financing expensive bailouts of Greece, Spain and now Cyprus, the European Central Bank and richer countries like Germany are demanding a greater say on matters traditionally left up to local politicians like tax rates and retirement ages.
Read more at: http://www.foxbusiness.com/investing/2013/03/18/cyprus-bailout-insolvent-euro-nations-continue-to-cede-sovereignty/
Charles M. Grist