Optimists can't believe in the end of the world no matter what, even though it is in front of them, they see it, they can touch it, they are living it.

Of course, we are not talking about the solar explosions, about the shift of the Earth's poles, or about the sinking of the continents and the catastrophic floods, following generalized earthquakes.

No, we are not even talking about the nuclear war.

It's "just" about the end of the world as we know it.

Yes, the end of the world as we know it, has already happened.

Whether we are aware of it or not, that doesn't change the situation.

What we are currently going through is no longer the world we are living in and it doesn't resemble anything that we know.

We are living in unknown areas.

For thousands of years, our civilization has been built on credit.

Slavery, feudalism, capitalism, communism and capitalism again, they are all built on credit.

I suspect even the primitive communal system was.

Whether a loan between individuals occurs, whether it is between individuals and institutions, whether it is between institutions themselves, the notion of credit is at the base of all the social systems, going across them regardless of the "dominant ownership relationship" (like Marx would say).

Well, we are already beyond it.

In April, I wrote for BURSA, an article called "...of Cyprus" (see the website on April 11th, 2013), where I reported:

From the moment the idea of recapitalizing the bank using money confiscated from its depositors surfaced, we can no longer speak of "Bank of Cyprus", only of "...of Cyprus".

Since we're arguing definitions, then it should be said that making off with the depositors' money does not fit the notion of "bank", because, fundamentally, banks provide services of safeguarding the money and making payment