From Cyprus drama to cash based informal economy

EU leaders are prepared to confiscate around 10% of money in bank deposits. A move without any precedent in civilised countries.

This incredible, desperate move shows how sick the whole system has become.

Ordinary citizens in Cyprus, Greece, Spain, Portugal, Ireland, Italy and elsewhere must be wondering what to do now that the unthinkable has happened and that no money is safe in any bank.

Many will withdraw large amounts before this becomes very difficult or impossible. What will they do with the cash? Keep it under the mattress or somewhere safer. Buy gold. Buy stuff.

In any case this will stimulate the cash based informal economy.

The informal economy has often been presented as “black” or “grey”, shady in any case, with hints of criminality. Of course some criminal activities are cash based. Then big chunks of the official economy are criminal too, on a massive scale: in banking, in big pharma, in agro business ….etc..

There are very positive aspects to the informal economy: when you buy cash healthy food from small local suppliers at a market stall, when you pay cash your trusted alternative healer, …

Contrary to “sheeple” subservient to the system, people with a firm alternative worldview are prepared for the period of great turbulence which the proposed official EU racket on ordinary folks’ money is now about to trigger.

They are prepared because they grasp the basic functioning of the corrupt system, and more importantly because their spiritual outlook allows them to avoid panic, tame fear and create bonds of trust with other people.

Fear not, be kind with innocent bank employees.

Love,

Leo

Leo Foresta