05-04-2013, 02:13 PM
I have real concerns that Plan A of the Cyprus "rescue" actually will become the template. Plan A aimed at raiding all depositors, on a sliding scale - both the insured and uninsured depositors.
The reason for this is that if European and other western banks need bailing, they will need a very large sum of money to achieve it, and this means everyone will be required to make a "donation", not just the wealthy. Besides this, those with well over E100k deposited won't be hanging around long enough to get caught again. Money has already, and is already, moving to far east safe havens.
I think it possible that Plan A was pulled in Cyprus only because it wasn't ready to go across the board. It, therefore, had to be replaced with Plan B to seed a false sense of security and to limit outward money flows. When the time is right to impose an across the board remedy, it'll happen.
I understand that the coordinating body for this is the Bank for International Settlements.
The reason for this is that if European and other western banks need bailing, they will need a very large sum of money to achieve it, and this means everyone will be required to make a "donation", not just the wealthy. Besides this, those with well over E100k deposited won't be hanging around long enough to get caught again. Money has already, and is already, moving to far east safe havens.
I think it possible that Plan A was pulled in Cyprus only because it wasn't ready to go across the board. It, therefore, had to be replaced with Plan B to seed a false sense of security and to limit outward money flows. When the time is right to impose an across the board remedy, it'll happen.
I understand that the coordinating body for this is the Bank for International Settlements.
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