Cyprus: Attack of the Jack Boots.

Cyprus is a small, island nation. It has two big problems: 1. it has Turks as neighbors and 2. it is bankrupt. Social Democracy ran its full course on Cyprus and bankruptcy can no longer be avoided by papering over the debts of the government. So, how did the EU respond? By ordering the government of Cyprus to seize 10% of the bank accounts of Cyprus and finance a bailout out of the proceeds of this robbery.

Profligate governments, having bankrupted their nations by ruining the economy through government meddling, will resort to either printing money or seizing the property of the industrious. Cypriots are learning the truth about Social Democracy the hard way. A government strong enough to give you things is strong enough to take them away.