Cyprus: Crumbling Property Rights

By: Gordon Long | Wed, Mar 27, 2013
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Sinking Ships

The endless EU Bank Stress Tests ALL Cleared Cypriot Banks - Why? How Could This Be? The problems have been clear for a long time as the charts reviewed in this video point out.

Two weeks ago there was no indication of the urgency of the problem, then suddenly Cyprus is in crisis? Why? What was the catalyst? The short answer is the EU's ELA was pressuring the Cypriot government and it 'leaked' that the government was considering a depositor tax. Was this a planned leak? The financial world is now thrust into a dilemma over the sanctity of property rights, due process of law, unlawful confiscation and the meaningless of deposit insurance. A perfectly executed media event if the goal was to weaken these impediments to the next stage of Financial Repression.

There is much more going on here than what the media is hyping and focused on.

Euro Laundering Landing Spots


Sequence of Solutions Offered:

PLAN A - Steal Cash from Depositors (Wealth Tax Versions 1 & 2)

PLAN B - Steal Cash from Pension Plans, Sell Sovereign Assets & Facilities to Russia

PLAN C - A Solidarity Fund (CCO- Collateralized Cypriot Obligations) to buy Good Bank/Bad Bank with associated Capital Controls implemented to guarantee investors.

PLAN D - Double Dip on Large Depositors over €500,00 (12.2%) and €100,000 (9.46%).

PLAN E - FINAL PLAN (maybe)

Cyprus should never have been allowed to have a banking sector that was 7 X times (below) the economy with low levels of equity and engaged in risk assets. The EU Bank Stress tests have been shown to be the fraud they were.

Banking Seven-Times Bigger Than Economy

This suggests there are still major hidden problems across the entire EU.

 


30 Minutes, 30 Slides

 


 

Gordon Long

Author: Gordon Long

Gordon T. Long
Publisher - LONGWave

Gordon T. Long

Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public.

Mr. Long was a senior group executive with IBM and Motorola for over 20 years. Earlier in his career he was involved in Sales, Marketing & Service of computing and network communications solutions across an extensive array of industries. He subsequently held senior positions, which included: VP & General Manager, Four Phase (Canada); Vice President Operations, Motorola (MISL - Canada); Vice President Engineering & Officer, Motorola (Codex - USA).

After a career with Fortune 500 corporations, he became a senior officer of Cambex, a highly successful high tech start-up and public company (Nasdaq: CBEX), where he spearheaded global expansion as Executive VP & General Manager.

In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. A focus in the technology research field of Chaos Theory and Mandelbrot Generators lead in the early 2000's to the development of advanced Technical Analysis and Market Analytics platforms. The LCM Groupe is a recognized source for the most advanced technical analysis techniques employed in market trading pattern recognition.

Mr. Long presently resides in Boston, Massachusetts, continuing the expansion of the LCM Groupe's International Private Equity opportunities in addition to their core financial market trading platforms expertise. GordonTLong.com is a wholly owned operating unit of the LCM Groupe.

Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) in Thermodynamics-Fluid Mechanics (Aerodynamics). On graduation from an intensive 5 year specialized Co-operative Engineering program he pursued graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship. He was subsequently selected to attend advanced one year training with the IBM Corporation in New York prior to starting his career with IBM.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/