Monday, March 18, 2013

Calling a spade a spade edition

Saw this story over the weekend, via WRSA.

This morning, I finally see some semblance of sanity in the MSM, as The Street calls a spade a spade, in their headline;
"Morgan Stanley: Cyprus-Stupidity loser. Bank stocks turned lower on Monday, after the government of Cyprus provided easy instructions on how to start a run on banks."
The article surely doesn't cover any new territory on the subject, but it was somewhat refreshing to see some frank talk about what this theivery (a whole other subject) causes, each and every time.

Get this shit straight, TPTB are attempting to foist something onto the people of Cypress, and it may very well be a test, as others have now explicitly said, for use elsewhere, if there is a "positive" response from the proles.

Excuse me while I go vomit.

UPDATE - 2:56PM, 3/18 - So, who IS next? Oops. Kinda let the cat outta the bag...

Zerohedge chimes in, with this tidbit,
"...A tax rate of 15% on financial assets would probably be enough to push the Italian government debt to below the critical level of 100% of gross domestic product." So there you have it, the 'new deal' in Europe, as we warned, is 'wealth taxes' and testing the "capacity of Cypriots" appears to be the strawman on what the public will take before social unrest becomes intolerable."

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