Monday, March 18, 2013

Archbishop Chrysostomos: "Cyprus must as soon as possible leave the eurozone"

There is something eschatologically exotic about Greek Islands. St John the Apostle received his apocalyptic vision on Patmos. It warned of the 'Whore of Babylon' and the coming of 'the Beast', whilst exhorting endurance through persecution by instilling hope in the Second Coming of Jesus Christ. Archbishop Chrysostomos of Paphos received his apocalyptic vision on Cyprus. It warned of the 'villainy of Europeans', whilst exhorting 'Cyprus must as soon as possible leave the eurozone'.

These revelations are separated by almost two millennia, but their prophetic themes are the same: the cosmic battle is still good versus evil, and God will irrupt into human history and judge the wicked. Laodicean attitudes are not acceptable: the proud, self-satisfied and 'lukewarm' must take drastic action if they are to be saved:
Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked: I counsel thee to buy of me gold tried in the fire, that thou mayest be rich; and white raiment, that thou mayest be clothed, and that the shame of thy nakedness do not appear; and anoint thine eyes with eyesalve, that thou mayest see. (Rev 3:17f)
Archbishop Chrysostomos hasn't quite told Cypriots to go and buy gold that is 'tried in the fire', but he might as well have done. The euro gave them the illusion of being 'increased with goods', and having 'need of nothing'. But the Beast has left them 'wretched, and miserable, and poor'.

Only three months ago the Archbishop was reminding his flock that they 'belong to the great family of European nations and must therefore fight for the rights that all Europeans enjoy'. In the trauma of financial crisis, he socialised the problem, pleading that 'we are all obliged to take our share our responsibility'.

Not any more. Enough is enough. Archbishop Chrysostomos has discovered the Gospel of Thatcher, now preaching fervently about the virtues of privatisation. "Business competition leads to economic progress," he declares, fully persuaded that a programme of privatisation of public organisations should be rolled out as soon as possible, beginning with Cyprus Τelecommunications Authority.

But President Anastasiades prefers to raid the bank accounts of the thrifty, despite denying throughout the recent general election campaign that he would do anything of the sort. All account holders will lose 9.9 per cent of their deposits over €100,000, with a 6.75 per cent levy on smaller amounts. The indebted and profligate are to be spared this tax: there is no longer any virtue in saving. The objective is to raise €5.8bn to help fund another euro bailout. Bizarrely, in the absurd Mammon merry-go-round, bankrupt Greece is contributing €billions from its own bailout injection.

The euro project is devoid of all morality: there is no ethical perspective; no fiscal integrity; no framework of values to protect the rights of the common people. Cypriots are now prevented from accessing their own hard-earned savings, and all online transactions are prohibited. This is brutal. It is, quite literally, daylight robbery. But the ECBeast needs feeding, and its appetite is insatiable. Once it has consumed Greece and Cyprus, it will open its jaws on Spain, Italy and Portugal. If savings may legally be raided in Cyprus, why not elsewhere? The contagion is unrelenting; financial collapse inevitable.

Governments are urging caution; politicians are pleading for calm. They insist that the Greek island is 'exceptional' and the measures are 'unique’. It is a lie. If you can do this once, you can do it again. People’s savings are no longer secure in any eurozone bank.

Into the darkness of this trauma and chaos comes an apocalyptic vision of the future. It is positive, joyous and victorious, heralding complete reformation and a new world order. Archbishop Chrysostomos has called for people's deposits to be left intact and for his country to leave the eurozone. This heralds the second coming of the the Cypriot pound.

That is bold, prophetic, wise and welcome. Archbishop Chrysostomos is His Grace's kind of cleric.


Blogger G. Tingey said...

Correction ...
St John the Apostle took mind-altering drugs which gave him his insane vision on Patmos.

There, fixed that for you.

18 March 2013 at 07:59  
Blogger Peter den Haan said...

I do not lightly say this, Your Grace, but what drivel. What happens in Cyprus is just a more overt way to do exactly what our own British government has already done in stealth and without any encouragement from the EU.

In what it euphemistically calls "quantitative easing" it has printed money so as to inflate unmanageable debts away, at the price of inflating savings and pensions away as well. This does not look nearly as immoral as what is happening to the Cypriots but is in truth the very same thing. Whether you use inflation to achieve it, or a direct money grab: the profligate and the gambler get saved at the expense of the prudent and the pensioner.

Our finances and politics are in a bad way, indeed, but simply blaming Europe is a serious mistake.

18 March 2013 at 08:26  
Blogger David Hussell said...

The eurozone project, along with the whole aetheistic God denying constitution of the EU, is a throughly bad thing. It is a vanity project for power crazed politicians whose laws are slowly marginalizing Christianity and virtue. Germany grows fat whilst the other nations are very slowly, bit by bit, impoverished. First Greece suffers and then the other Club Med countries will become impoverished vassal states. We too are being ever so slowly strangled, economically and democratically. The choice is not submission to the EU or war. This is a nonsense. This cleric is prophetically speaking the truth. We need to break out and reassert our independence , to preserve the last fragments of our prosperity, democracy and Christian heritage. Then we can rebuild. Without that freedom and new start we will slowly become a sad, Godless, failing country. The political establishment needs replacing. I support Ukip.

18 March 2013 at 09:02  
Blogger IanCad said...

An astonishing situation YG. May the entire EU edifice crumble.
The character of the Eurocrats cannot be better evidenced than by their openess in replacing the word "Theft" with "Contribution."

18 March 2013 at 09:07  
Blogger David B said...

I see that Peter den Haan has made one of the points I was going to make.

The other was that a second coming of the Cypriot pound would be all very well, as long as it doesn't transmute into a coming of the Cypriot inter-war Deutsche mark.


18 March 2013 at 09:09  
Blogger bluedog said...

'The indebted and profligate are to be spared this tax: there is no longer any virtue in saving.'

Very true.

But one needs to remember that Cyprus has taken over from Switzerland as the fence of Europe, with special regard for the Balkan states and Mother Russia. Indeed, your communicant suspects that any entrepreneur (or crook) from the former Eastern bloc with aspirations of Oligarchy would have a bank account in Cyprus. It follows that the real target of this exercise in klepto-banking is not the hapless Cypriot peasants but their Orthodox brethren further north.

18 March 2013 at 09:30  
Blogger Corrigan said...

Thanks for that heads-up, G. Tingey. As a stone rationalist, you would not have written what you did without hard evidence, otherwise people might accuse you of being the kind who follows logic only to the point where it stops telling you what you want to hear. To forestall such an unjust claim, could you share your proof with us?

18 March 2013 at 09:35  
Blogger Corrigan said...

David Hussell, breaking out and rebuilding on the last fragments of Christian heritage is all very well, but to do so requires actual Christians. Unfortunately, after fifty years of Liberal "freedom", your people are pigs; as, alas, are mine and the rest of Europe's. Don't imagine it's going to be as simple as a withdrawl from the EU.

18 March 2013 at 09:51  
Blogger English Pensioner said...

But hasn't the government done exactly the same here, albeit by a different method.
By printing money, they have devalued everyone's savings; by keeping interest rates low, they have made it impossible to keep pace with inflation.
Osborne's approach may not have been so blatant, but it's had the same result.

18 March 2013 at 10:16  
Blogger Berserker said...

Cypriot banks lost a lot of money when the Greek debt was written off last year. They were heavily indebted by loans to Greek banks to finance the property boom. Cyprus cannot recapitalise like other countries.

Is it really so bad? If you have savings say of 10,000 euros then you will have deducted 675 euros but one would be compensated by the same amount in shares. One cannot however choose the bank one would want the shares in but have to have the shares in your bank. There the rub. The Greeks have a lot to answer for and the quicker we ditch this whole load of smelly Euro cod the better.

18 March 2013 at 10:42  
Blogger The Explorer said...

The Euro Project:

As Dr Johnson said of another sort of union, "The triumph of hope over experience."

18 March 2013 at 11:50  
Blogger DanJ0 said...

EP: "But hasn't the government done exactly the same here, albeit by a different method."

Pretty much. Though that also pulls in people with pension funds too, and hits everyone rather than just people with savings in banks (i.e. private lenders).

18 March 2013 at 12:35  
Blogger IanCad said...

The left are kleptos.
Roosevelt stole the people's gold.
Wison devalued the pound.
QE beggars the thrifty.
Now brazen theft.

"Money is like muck;
No good unless it is spread around."


18 March 2013 at 13:00  
Blogger MFH said...

This is coming to a bank near you so soon. Please make sure your treasure in in heaven, where moss and rush does not corrupt, or thieves break through and steal.

18 March 2013 at 13:36  
Blogger Nick Britton said...

What suprises me is that some deluded eurocrat came up with the idea of raiding everyones bank and savings account and thinking they would happily suffer daylight robbery in orser to keep the Euro.

Some people spend too much time stuck behind a desk!

18 March 2013 at 14:33  
Blogger Julia Gasper said...

@ Peter den Haan. Just because quantitative easing creates inflation and is another sort of raid on savings, that does not justify calling HG's blog "drivel". If that's what you think why do you hang around here?
A bank makes a contract with its customers, to store the money deposited and make it available whenever wanted. That contract is supposed to be binding and it has been utterly violated by this invention of "deposit tax". Bit like the way the government is introducing laws here that nobody voted for...

18 March 2013 at 15:07  
Blogger Owl said...

The idiocy of Greece contributing to a Cyprus bailout just could be the straw that breaks the camels back.

Maybe Cyprus will not take the bailout.

The thin end of the wedge in reverse.

18 March 2013 at 15:28  
Blogger David Hussell said...


I take your point, no it will not be simple, you are right. There are precious few genuine Christians around, but there are some still, and if we work together , across the denominations, we can become strong again. Exiting the EU is a necessary condition, in itself it will not be sufficient. We must exit and then start the long , painful slog of rebuilding a Christian based society. We don't all need to be believers but we do need the overwhelming majority to sign up to a broadly Christian based view of things.

18 March 2013 at 15:37  
Blogger Peter den Haan said...

@Julia Gasper: since you asked, I hang around here because His Grace often makes great sense and is always stimulating - but the present post is a rare exception on both counts. He seems to have allowed his Euroscepticism to run away with his intellect, UKIP-style.

In particular, His Grace is squarely blaming the Euro and EU for what is happening in Cyprus, while our own government has effectively done the same outside the Euro and without EU interference. Blame the Euro for forcing an overt savings grab by preventing inflation to accomplish it covertly, but don't blame it for the raid on savers' money itself. It has happened on these shores, too.

If we really want to get to the bottom of what is happening in our financial system, we patently need a rather deeper and more sophisticated understanding than a ride on the anti-Europe bandwagon. A modest amount of reflection would have made that quite plain. Hence my use of the word "drivel". I'm used to better on this blog.

18 March 2013 at 16:06  
Blogger Office of Inspector General said...

Suffer the little nations to come unto me.

It’s always the small fellas who suffer the most, but then again, it was, as we have seen, the small fellas who viewed the Euro idea with the most greedily salivating mouths of all…

The best banking advice the Inspector can give is that followed by sub continent types. Turn your cash wealth into gold and bury it in a hole underneath the fire place. When you dig it up on needing it, it’s still there and its value is intact. And you haven’t done your bit to bail out the government of the day by letting inflation tear holes in your notes. Now, compare that to any EU bank. Banking as a repository for an individual’s modest savings is a dead duck. Too many risks. Greed and mismanagement has seen to that. And of course, the government knows you’ve got it !

Back in the mid 1970s in this country, if you could afford it, you went for Sovereigns or Krugerrands

18 March 2013 at 18:05  
Blogger Matt A said...

Inspector: That is all very well until the government decides to confiscate private gold, it has happened before!

18 March 2013 at 18:45  
Blogger Office of Inspector General said...

Matt A. Intriguing ! Can you give an example of a country where that has happened ?

18 March 2013 at 19:12  
Blogger IanCad said...


1933. Presidential Executive Order 6102.

18 March 2013 at 19:20  
Blogger Office of Inspector General said...

Of course, the US coming off the Gold Standard. Thanks chaps !

Inspector stares into whisky tumbler and wonders what the hell he is drinking to cause such a memory lapse...

18 March 2013 at 19:44  
Blogger David Hussell said...

Private Gold. How would Government know what one has got? Is there a central register , and if so how could it be accurate ?
Ukip. It may be fashionable to knock it as , being a very young and funds starved party, it is only beginning to gather in the resources to fund all the detailed studies still needed to underpin it's policies. However unlike the "main" parties it hasn't had a 100 years plus plus plus to organize such funding, but it's evolving rapidly now. The central point is that there is NO other party prepared and committed to reestablish our very necessary national independence, is there? Labour and LibDems adore the idea of being slowly absorbed, whilst the Conservatives pretend to want control back but , for decades now, DO absolutely nothing of concrete importance. They just posture in order to harvest the euro-sceptic votes, but that era of the gullible draws to a close. So yes, by all means point out, constructively where Ukip needs to get its act together, I concede that much work needs to be done, but in practical terms, if you wish to escape from the beast , there is no alternative, is there? Ukip has also succeeded in altering the entire tone of UK politics by making withdrawal, acceptable to think, and utter in the mainstream right of centre papers, broadsheet and not so broad. So my argument is, be realistic, Ukip has many flaws but it's all we have got, and the task, for all freeborn Brits, is to improve it, not rubbish it. End of sermon.

18 March 2013 at 19:55  
Blogger Matt A said...

Inspector: Australia too, read

18 March 2013 at 22:01  
Blogger Matt A said...

To my knowledge, there is no confiscation risk of silver, and as it is worth much less, would be more easy to trade anyway. So, Inspector, sell your 128 gold ingots, and buy silver to bury in the garden. If you like, bury it in mine. Or, I suppose, we should consider giving it to the poor....

18 March 2013 at 22:05  
Blogger David Hussell said...

Well here's to the whiskey tumbler, Inspector. Mine's a dark, peaty, west coast Scottish malt . It takes you to the moody moorlands, the urgent , rushing mountain streams and the soft wind soughing from the west, over these ancient, blessed islands of Patrick, Columba, The Venerable Bede, and , from the south, Augustine....

18 March 2013 at 22:35  
Blogger non mouse said...

And then there's that lovely mead -- from Lindisfarne.

18 March 2013 at 22:37  
Blogger Cressida de Nova said...

22:35 David Hussell

Was this written on the bottle or is it yours?Nice alliteration and imagery. Best prose written for a while here on 'moody morelands'.

I feel for the poorer Cypriots who are losing hard earned life savings.
Once this happens people will lose faith in the banks and return to secreting funds under the mattress
or in ouzo bottles buried in the garden.This is all such a terrible mess.It was not thought out properly from the beginning. No contingent plans were put in place for the likelihood of things going wrong. Who has actually benefitted from the Euro project?

19 March 2013 at 07:51  
Blogger David Hussell said...

Cressida de Nova,

Who has benefitted from the Euro project ?
The Euro bureaucrats and the politicians. It's an ego driven, vanity project. Look at the EU's Constitution. It recognizes no higher authority but places the top Euro place man at the pinnacle. It refuses to even acknowledge that Europe has a Christian heritage. Nothing must detract from the imagined glory of The Project. Whether you believe in a God or not, the beauty of the British system, with A Monarch, appointed by God, is that in diminishes the importance of the passing politicians. We lose that at our extreme peril.
My alliteration ? Moody moorlands. Thank you. No, all my feeble work. Assisted by the slight euphoria of having just completed a demanding piece of academic work, and enjoying a glass of the said Whiskey. It brings out the Celt in me.

19 March 2013 at 08:45  
Blogger Peter Damian said...

Simply another example of the post-Christian economic dictatorship that is ruining Southern Europe. The beneficiaries are those inhabiting the machine that protects the beast.

"Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel. To these are to be added the grave evils that have resulted from an intermingling and shameful confusion of the functions and duties of public authority with those of the economic sphere - such as, one of the worst, the virtual degradation of the majesty of the State, which although it ought to sit on high like a queen and supreme arbitress, free from all partiality and intent upon the one common good and justice, is become a slave, surrendered and delivered to the passions and greed of men. And as to international relations, two different streams have issued from the one fountain-head: On the one hand, economic nationalism or even economic imperialism; on the other, a no less deadly and accursed internationalism of finance or international imperialism whose country is where profit is."

(Pius XI
Quadragesimo Anno)

19 March 2013 at 16:01  
Blogger Edward Spalton said...

Perhaps the tradition does not apply in formerly British-ruled Cyprus but Greek Orthodox Bishops hold (or used to hold) the honorary military rank of Lieutenant General in Greece itself. It was an acknowledgement of the Church's part in liberating the country from the Turks.

The Turks used to take a tax in the form of boys - to become Janissaries in the Ottoman army. I wonder whether the ESM has got round to thinking of that. Both it and its officers are above all legal jurisdiction whatsoever .

19 March 2013 at 16:29  

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