The 5 W’s Of The Cypriot Banking Disaster

Cypriot President Nicos Anastasiades
Talking from the side of his mouth
as always!

WHO (in his right mind) will risk investing in Cyprus?

NOBODY.  Investors are not stupid. They are greedy and that’s a safety mechanism built into any smart investor’s psyche. They want profits          (very large profits) and deposit guarantees for their investments.  Would you invest in Cyprus? I wouldn’t.  Once they lose confidence in the Cypriot banking sector (which they have now), where do you think they will be taking their money?  My guess would be German and other European banks.

WHAT can the Cypriots do now, in order to regain their economic growth, financial stability and banking sector confidence?

NOTHING.  There is nothing they can do because the German dick found its way up Mr. Anastasiade’s ass and liked it so much it is going to stay there for a long time feeling warm and fuzzy.  The Cypriot economy will be in a cryonic sleep for the next forty five years and the Cypriot people will become the beggars of Europe always on their knees asking their German masters for breadcrumbs and hand-outs.

WHEN will the Cypriot Economy start growing again?  

Never.   Minimum ten to fifteen years if they are lucky, maybe longer.  When the catastrophe of 1974 (Turkish invasion) occurred, the economy recovered within a couple of years.  The reason it recovered so quickly was because you had a “forced” economic growth brought on by the huge RECONSTRUCTION projects that were needed to accommodate the displaced population from the north.  The mobilization and relocation  to the south, of a quarter of a million refugees and the provision of services required by those people, created an economic boom that had not been seen anywhere since the end of WWII.  An economic boom fueled by the destruction of war.   If there were ever a riddle inside an enigma Cyprus (1974) would have to be it.  If you were ever looking for the definition of determination the Cypriot people would be it. If you were ever looking for a hub of innovation Cyprus would be it.

The construction industry went on steroids.  Immediate housing for a quarter of a million domestic refugees was a task of colossal proportions.  Services for those people, consumer goods for those people, bank accounts for the money those people brought with them, investment capital those people brought with them, innovative ideas those people brought with them - it all helped to create an economic boom which lasted for forty years. A boom which would have lasted another forty years had it not been for the utterly stupid decision by the Cypriots to join that malignancy called EU/EUROZONE.   New roads new buildings new businesses, new services,  it was the typical fast paced growth Europe and North America experienced after the destruction of WWII.  As bad as the 1974 Turkish invasion was, it was also the catalyst for the incredible growth the Greek southern Cyprus came to enjoy for the last four decades.  There is not going to be any reconstruction this time because the Island is already saturated with new homes, new roads, new dams, new  hotels, new resorts, new state of the art communication networks, new hospitals, new Universities, colleges, schools and new EVERYTHING a modern society would need to be a success.   There will not be a RECONSTRUCTION project this time and that is why this recession will last for a long long long time.  Cyprus had built a reputation for political and financial stability and with a stroke of the pen Mr. Anastasiades flushed it all down the toilet. Nice work bozo!

Forward to TODAY….

Where will the Cypriots (those who may still have a job and an income), and the foreign depositors deposit their money now?  

Not in Cypriot banks I guarantee you that much.  I can see Swiss banks, German banks, Canadian and American banks, Saudi and Asian banks starting to roll out the red carpet. And believe me not even Fräulein Merkel will have any reservations accepting all that dirty Russian  money.   Mr. Anastasiades committed treason and should be tried and convicted by the Cypriot people.  Mr. President you are an idiot of Olympian proportions.  You have allowed Merkel to brand you like Texan cattle…with the swastika branding iron.  I am sure the people you betrayed will repay you in kind and time.

WHY will it take Cyprus a very very long time to recover?

Nicos Anastasiades in all his “lack of wisdom” destroyed the reputation of the same banking system he was trying to save.   The German morons and their European bitches who are the perpetrators of this crisis, will come to realize that the only thing they have accomplished with their political games, is to take an avertable temporary crisis and turned it into a permanent economic catastrophe for Cyprus.   

These are the facts about the Cypriot economy.  The economy is based on three sectors: Tourism, financial services, and shipping.  The three are mutually dependent and if one is decimated the other two will be negatively impacted too.   You fuck the one up you fucked the others.  There is no export industry worth mentioning in Cyprus.   There is no heavy industry, light industry, or consumer goods export industry of great value.  Shipping, Tourism and financial services is all they have.  So one can easily see that destroying the Banking sector of the Island you are basically destroying the entire economy.   They have a potential natural gas and oil industry but that’s ten years down the road…and any money generated from those resources will now be swallowed by the German black hole known as “bail-out”.  So the Cypriots owe a great debt of gratitude to their President, their government officials and the EU. 

The Cypriots could have chosen to make a HISTORIC SACRIFICE on Sunday by turning down the bail-out.  Instead they chose to SACRIFICE their HISTORY and all they got in return was permission to stay in the EURO-ZONE, burying  themselves into a bigger hole.  They truly are masters of their own demise! 

 Again This Is Not News…It’s the 5W’s of Cyprus.

 Signing Off….Dr. Politikong