Saxo Bank CEO On Cyprus: ‘This Is Full-Blown Socialism And I Still Can’t Believe It Happened’

From the article:

This is full-blown socialism and I still cannot believe this really happened.”


Cyprus bailout a major game changer (Trading Floor, By Saxo bank CEO Lars Seier Christensen, March 16, 2013):

It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors’ money and 9.9 percent of big depositors’ funds is without precedence that I can think of in a supposedly civilised and democratic society. But maybe the European Union (EU) is no longer a civilised democracy?

I heard rumours about this when I visited Limassol last week, but dismissed them as completely outlandish. And yet, here we are. The consequences are unpredictable, but we are clearly looking at a significant paradigm shift.

This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere – not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite.

Read moreSaxo Bank CEO On Cyprus: ‘This Is Full-Blown Socialism And I Still Can’t Believe It Happened’

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism (ZeroHedge, Nov 1, 2012):

In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America’s youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that.Socialism: 49% Positive / 43% Negative:

And Capitalism: 46% Positive / 47% Negative:

 

Alex Jones Interviews Webster Tarpley: The Rand Paul Fiasco – ‘The American System’ – Ron Paul – History – Greece (Video)

For your information.



YouTube Added: 11.06.2012

F.A. Hayek On ‘The Great Utopia

For your information.


F.A. Hayek On “The Great Utopia” (ZeroHedge, Jan. 28, 2012):

While it is hardly necessary to provide commentary to one of F.A. Hayek’s timeless observations from his book, The Road To Serfdom, rereading the chapter titled The Great Utopia, in this year of what could possibly be the most important election in the history of the United States, in which the US public will be promised nothing short of utopia by virtually every candidate except the one who really knows that fixing America would require pain and sacrifice, is everyone’s duty. Courtesy of the Center for Economic Liberty we recreate it below in its entirety, and urge all readers, regardless of political persuasion of economic beliefs to consider what F.A.Hayek was saying some 70 years earlier, and how very applicable it is to our current situation.

The Great Utopia

There can be no doubt that most of those in the democracies who demand a central direction of all economic activity still believe that socialism and individual freedom can be combined. Yet socialism was early recognized by many thinkers as the gravest threat to freedom.

Read moreF.A. Hayek On ‘The Great Utopia

Ron Paul Responds To Michael Moore On Larry King

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

Obama has tripled the budget deficit. Now you know who Obama is working for!
This elite puppet President is running America into the ground.
Bush was extremely horrible. Obama will be even worse.

Added: November 06, 2009

Read moreRon Paul Responds To Michael Moore On Larry King

One Nation Under Siege – Full Theatrical Release

From documentary filmmaker William Lewis comes a bone chilling documentary on the spying, tracking and control of the American public.

Source: Google Video