Posts Tagged ‘coup d’etat’

Cyprus government follows FDR bank raid initiative

March 17, 2013

In 1932, FDR stole money from US savers. He declared a Bank Holiday during wich he removed the right of individuals to exchange dollars for gold at the existing fixed rate of exchange. When the banks reopened the dollars available to US savers were devalued in terms of gold. Individuals were not allowed to hold gold bullion even at the reset rate.

Yesterday, using the weekend and a new Monday Bank Holiday to effect its theft, the Government of Cyprus essentially followed the example of FDR. In order to secure an EU bailout, the Cypriot government agreed to steal significant sums of money from everyone – Cypriot or not, who is sufficiently foolish as to deposit savings in a Cypriot bank. For deposits below E100,000 accounts will be reduced by 6.7 per cent. For deposits at E100,000 and above, accounts will be reduced by 9.9 per cent.

FDR’s bank raid did not provoke open rebellion, as well it might have, even in New York and Washington, D.C.. The question hanging over Cyprus, when the Banks reopen on Tuesday next, is whether deposit holders will gun down members of the government in an attempted coup d’etat, or whether they will simply generate a bank run as they attempt to withdraw all deposits from a den of thieves.

How much new investment in Cyprus do you think that this theft will generate?

Egypt on the brink of a military coup-d’etat

January 30, 2013

No where across Arabia has the Arab spring moved more quickly into an Arab winter of discontent than in Egypt. The successful Obama-supported insurrection against President Hosni Mubarak eventually and predictably propelled a corrupt Islamist government into power. This sequence of events has ignited the fury of secular Egyptian liberals who first attracted the support of Obama’s three witches – Hillary Clinton, Susan Rice and Samantha Powers – who in turn provoked President Obama into his ill-fated and singularly ill-thought -out intervention.

Now, following months of political paralysis and widespread rioting across Egypt, Egypt’s U.S. funded military has now threatened to intervene in order to restore ‘order’. Defense Minister Abdel Farrah El Sissi, who is also the commander-in-chief of Egypt’s armed forces, relayed the following message in a speech to military cadets:

“The continuation of the conflict between the different political forces and their differences over how the country should be run could lead to the collapse of the state and threaten future generations.”

The fraught, two-year long transition after three decades of relatively benign, pro-Western, authoritarian rule has frightened off foreign investors and tourists, thus depleting Egypt’s reserves to the point where they now cover only three months of imports. Negotiations with the International Monetary Fund for a $4.8 billion loan almost certainly will be scuttled by President Morsi’s loss of political control and increasingly virulent verbal attacks on Israel. President Obama – still under the influence of his three witches – has refused publicly to condemn Morsi’s increasingly aberrant behavior. The Egyptian cauldron continues to bubble:

“The White House and State Department, rather than criticizing Mr. Morsi, have urged Egypt’s opposition parties to take up his call for a national dialogue to help stem the violence. ‘We have been gratified to see the president and his government renew their call for a national dialogue to avoid further violence,’ State Department spokeswoman, Victoria Nuland, said Monday. ‘We call on all political forces in Egypt to avail themselves of this opportunity.’ This stance is increasingly drawing criticism from Washington’s Arab allies, as well as many Egypt analysts, who believe the U.S. is abetting a larger power grab by Mr. Morsi and his political party, the Muslim Brotherhood.” Matt Bradley, Ed Spindle and Jay Solomon, ‘ ‘Egypt is Warned of ‘Collapse”, The Wall Street Journal, January 30, 2013

North Korea: a changing of the guard

July 17, 2012

The head of the North Korean army, Vice-Marshall Ri Yong-ho, has been abruptly removed from his position in a move designed to bolster the authority of the country’s new leader, Kim Jong-sun.  Almost certainly, this narrowing of the ruling coalition is a harbinger  of increasing internal repression and of a more aggressive regional militarism.

Kim Jong-Il, father of Kim Jong-sun, had assigned Ri Yong-ho, a childhood friend, to mentor his son and to prepare him for his role as dictator.  Ri Yong-ho, after years in the military, at age 70 had become one of the most powerful figures in North Korea, with a position on the five-member politburo standing committee. He had held over-arching control over the 1.2 million North Korean military since September 2012.

The first sign of impending trouble for the five-star general came in April 2012, when he was placed under the authority of Choi Ryong-hae, the newly-appointed director of the general political bureau.  Ri’s downfall in part may be the result of a  personal  tension with Choi, a civilian official.

According to knowledgeable commentators, however, the primary reason for Ri’s dismissal is the desire by Kim Jong-sun to exert an unchallenged hold on the military and to weaken the power of the generals. Kim undoubtedly recognizes that a major generational gap of some 40 years between himself and the military elite poses a significant threat of a coup d’etat in the absence of a brutal crack-down. The fact that Kim is grossly over-weight and that the generals are universally slim must exacerbate that threat.

So Ri’s dismissal should be viewed as the end of the beginning of a vicious and increasingly repressive new regime. This time, the Dear Leader may have averted a successful coup. Whether or nor he survives the unstable aftermath is the $64,000 question. And $64,000 goes a lot further in bribing North Korean generals, than would be the case almost any where else in the world.

Perhaps Barack Obama should throw some of his Nobel Peace Prize winnings  into that highly invadeable political market. $1 million might well be enough to initiate a successful coup, bringing Kim Jong-sun to a proverbial belly-flop. Some belly that, when it eventually slips out of its corset!

China on the edge of a coup d’etat?

April 12, 2012

China’s Communist Party is evidently in a state of serious disarray.  At the end of March 2012, the standing committee of 9 denounced Bo Xilai, a prominent Maoist leader from Chongqing, as being guilty of three offenses: pursuing an incorrect political line, employing the wrong people, and corruption.These charges proved to be insufficient to destroy Bo Xilai’s reputation.

Rumors suggest that one member of the Politburo, internal security chief Zhou Yongkang – a fan of Bo Xilai –  may already have led a failed coup against the standing committee, rolling tanks through the streets of Beijing.  Surely Zhou Yongkang is now in the cross-hairs of the Supreme Leader, Hu Jintao.

So, more dirty laundry about Bo Xilai and his second wife, Gu Kailai, has now been dragged across China’s usually secretive public square. The wife has been accused of  the intentional homicide of British businessman, Neil Heywood, and the husband has been accused of cover-up.  Both Bo and Gu may end up on China’s death row, if indeed they are not despatched before trial by government bullets to the head.

The princelings who currently float around the edge of the standing committee of 9 may be the ones who suffer most from this outburst of information about the lives of the rich and famous in China’s supposedly communist society. When the party leadership begins to unravel, loyalties quickly disperse. and the Devil takes the hindmost in the rush for outward migration to less unforgiving shores.

 


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