30-03-2013, 11:40 AM
I found it more than interesting, according to one report or another, that during the Cypriot bank closure period, Cypriot bank branches in the UK and Greece remained open and operating - thus allowing a large volume of Russian money to scamper away scott free. I suspect this was the quid pro quo agreed between Brussels and Moscow.
What was left was Cypriot deposits, hence, I suppose, the estimated haircut between 30-40% (but could be higher) for those who haven't been wiped put altogether.
The wealthy get free and clear, the poorer and middle classes get to take the hit.
Ain't it always so.
Anyway, the main point in posting on this subject is to raise the question whether all this haircut business is simply a covert wealth transfer mechanism, so that the majority are impoverished to a lesser or greater degree, while the immensely rich/elite get wealthier and their essential wealth transfer and holding mechanisms (banks) are made whole?
Just a thought.
What was left was Cypriot deposits, hence, I suppose, the estimated haircut between 30-40% (but could be higher) for those who haven't been wiped put altogether.
The wealthy get free and clear, the poorer and middle classes get to take the hit.
Ain't it always so.
Anyway, the main point in posting on this subject is to raise the question whether all this haircut business is simply a covert wealth transfer mechanism, so that the majority are impoverished to a lesser or greater degree, while the immensely rich/elite get wealthier and their essential wealth transfer and holding mechanisms (banks) are made whole?
Just a thought.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14