Humans confuse the hell out of me. We elect the unemployable to positions of rule. We elect the most inexperienced into the highest offices. We promote the most incompetent into the highest positions. We pay enormous sums of money to reckless gamblers to manage our money. Humans are lied to all the time and by and large are willing participants in that lie by choosing to ignore what we know to be lies to maintain civility. We are participants in 12 lies a day in our normal interactions with friends and colleagues. This is just the norm to boost our self esteem and boost our ratings with our peers and vice versa. Society could not function if every liar was challenged. Aberrant humans take this number to different heights and exploit this weakness.
Psychopaths, sociopaths and gangsters hold sway because when humans are faced with disproportionate violence or injustice it just confuses and stuns them into submission. There is a hesitation on the recipients part when someone breaks the social norms. That hesitation is interpreted as weakness by both participants. To preserve ego the hesitant recipient allows the moment to pass and the lie is accepted.
We know what happened at MF Global was a travesty. Similarly what has occurred in Europe whereby banks are victimizing taxpayers when bank bailout costs are being borne by governments to be passed on to their respective electorates. We already know these bankers are incompetent but bailing them out we have lied to ourselves that somehow they will now be competent. Whole nations are bullied into submission and accept debt that was never theirs to begin with.
Un payable and unsustainable debt that is renegotiated ad nausea. Undisclosed sinkholes of debt or corruption popping up on a daily basis heap more debt added to the un payable. Liars or incompetents stress testing and passing banks as good only to discover they lied to us or were wrong again.
To rationalize and try to put order to the seeming impossibility and improbability of what is happening we conclude they MUST be playing a larger game. It MUST be planned. Therefore it MUST be a conspiracy or at least a centrally managed collusion. If it's a managed conspiracy then the outcome won't be catastrophic we reason. If it's sheer incompetence then the outcome is in jeopardy and unknown. By choosing to believe it's part of a larger plan we have just convinced ourselves that our masters know what they are doing and therefore we should not overly worry. Unfortunately, just based on what has happened to little Cypress we are looking at extreme incompetence. Desperate, stupid men fumbling around throwing different percentages and vanity propels them to make stupid statements only to contradict themselves hours later when they are informed of the stupidity and horrible consequences of their statements.
What has happened in Cypress has broken the bounds of civility. It can't be ignored. Justifications have been made that it is the confiscation of dirty money. Guilty until proven innocent is the norm in the press. There is only one logical outcome to Cypress regardless of whether the Russians got their money out in time; capital flight. Anyone who is using a bank in the peripheral countries is going to open an account in Germany or outside of the EU if they know how. Calls are being made into Cypress with offers of help to setup German bank accounts for a couple of percentage points. If the banks in Cypress ever decide to reopen then checks will be cashed instead of being deposited if capital controls permit. In a country where few pay taxes even fewer will be doing so now. Civility has been breached in a way that exposes our leaders for sociopaths, fools, incompetents and liars. If you choose to believe this is a managed event you are deceiving yourself and are a willing participant.
The damage is done and it's every man for himself.
The video below is an example of an aberrant human liar (Troika) being confronted by another human (Journalist) who is not willing to be lied to. Note the confusion by the liar when the social norms are breached.