Cease & Desist Orders for Bankers
On Apr 1, 2013, at 2:00 PM, Paula Humfrey wrote:
AK, following below is a manifesto to park in front of Eurozone Cease & Desist orders for bankers (also found below):
Manifesto:
There was always destined to be a single trigger to bring down the Eurozone, which is recognized as an inherently unstable system. Cyprus appears to be pulling that trigger.
Derivatives will take down the entire zone very shortly, and the global cascade that follows this event will be immediate. There is no ‘ring fencing’, no preventative to ‘contagion’, when the exposure of even the smallest of Eurozone countries to bad gambling bets is laid open for all to see — absolute data indeed.
Instead of wringing our hands over the fact that personal bank deposits are now being forcibly confiscated, a battle that is now leading to bank failures and their consequent derivatives exposure, why don’t we instead accept the inevitable and use our collective power to push the boulder down the hill in the direction we’d prefer that it go?
Starting this wave of defaults will lay bare the massive exposures to astronomically 'valued' bad derivatives bets that can't possibly ever be paid. The massive leverage will quickly consume the entire system: we're talking hours or days, not weeks.
For the sake of its sovereignty, Eurozone countries' best bet is to default immediately on all foreign debts, derivatives and swaps. Let's stop the bankers in their tracks, this has gone far enough.
• • •
Here are the relevant drop box links:
All Cease and Desist files for all Eurozone countries except Ireland (plus Canada), in one .zip file link
http://db.tt/1qgukXEu
Austria link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_AUST.pdf
Belgium link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_BELG.pdf
Canada link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_CAN.pdf
Cyprus link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_CYPR.pdf
Estonia link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_ESTO.pdf
Finland link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_FINL.pdf
France link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_FRAN.pdf
Germany link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_GERM.pdf
Greece link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_GREE.pdf
Italy link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_ITAL.pdf
Luxembourg link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_LUXE.pdf
Malta link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_MALT.pdf
Netherlands link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_NETH.pdf
Portugal link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_PORT.pdf
Slovakia link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_SLOVA.pdf
Slovenia link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_SLOVE.pdf
Spain link
http://dl.dropbox.com/u/24940754/PDF_C%26D_foreclosures_17xEU/C%26D_foreclosures5_SPAI.pdf
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