If you have been following the Cyprus riots you are shocked at the dire financial conditions and the alarming response of the banks. The EU is demanding the people surrender as much as 40% of their personal bank accounts to pay for the $13 billion bailout. ATMs were drained, and electronic transfers were halted over the weekend leaving people with zero dollars in their accounts. This is a hostage situation and this is the problem with ANY bailout and a global economy rooted in interdependence.
But did EU Chiefs really need to resort to such aggressive tactics or is there something else going on here? A closer look reveals a more insidious motivation for the lockdown–access to energy reserves.
Beneath the seabed of the Levant Basin near Cyprus is an estimated 122 trillion cubic feet of gas, which is about as much as the world consumes each year, according to the United States Geological Survey. The northern part of the basin lies in Cypriot waters.
Noble Energy, has found 35 trillion cubic feet, with about 20 percent of it in Cypriot waters. Noble is working with Israeli partners under license from Greek Cypriot leaders.
And of course the United Nations is involved:
The United Nations supervises a buffer zone between the north and south and praises the reserve findings.
And coincidentally, in 2012, the United States established its first regional headquarters for a new Bureau of Energy Resources in Cyprus.
So when a deal is made to “protect” the people of Cyprus from bankruptcy look for it to include the rights to their plethora of valuable energy resources.
And make no mistake the riots are ALL part of the plan by the IMF and World Bank. They need it to look like the people demanded the continued bailouts. That’s why protestors are holding signs saying “Don’t let Cyprus go bankrupt”. “Don’t let Cyprus go bankrupt” means bail Cyprus out with global money. If the protestors were legit their signs would say “get the global banks out of our country”. Any solution that does not give Cyprus their sovereignty back is a sham. Pay close attention to the solutions. Does the IMF win or lose? Do the people gain power and sovereignty or do they lose it? That is all that matters.
