The Template for the End Game: Lies and Fraud Followed by Bail-Ins
by Phoenix Capital Research
ZeroHedge.com
07/04/2015
The Cyprus bank bail-in committed of early 2013 may seem like small deal to most US investors.
After all, most Americans probably couldn’t even find Cyprus on a globe. And with the mainstream media spreading the narrative that the Cyprus bail-in was a one-time event that was meant to support the bank while punishing tax-dodging crooks, 99% of folks won’t think twice about the situation.
However, the reality of what happened in Cyprus is a far different matter. And the reason that this reality has not been featured as headline news is because doing so would reveal the following:
1) European politicians are both corrupt and incompetent.
2) Those meant to assess the risk of any financial institutions don’t know what they’re talking about.
3) The average citizen will be screwed while politically connected insiders will be given the means to circumvent the law.
Let’s assess these issues one by one.
First off, the Cyprus bank “bail-in” was not some sudden event. The country first asked for a bail-out in JUNE 2012. Here’s the timeline.
· June 25, 2012: Cyprus formally requests a bailout from the EU.
· November 24, 2012: Cyprus announces it has reached an agreement with the EU the bailout process once Cyprus banks are examined by EU officials (ballpark estimate of capital needed is €17.5 billion).
The Rest…HERE
