Showing posts with label now. Show all posts
Showing posts with label now. Show all posts

Wednesday, March 23, 2016

It's Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins

http://www.zerohedge.com/news/2016-03-22/its-official-canadian-bank-depositors-are-now-risk-bail-ins
...we have official confirmation that Canada has just become the latest country to treat depositors as the bank creditors they are, and as such, they too will be impaired, or "bailed-in" the next time a Canadian bank needs to be rescued. 

This new "bail-in" regime is spun as benefitting taxpayers; what isn't mentioned is that most of those taxpayers who will be "protected" also happen to be the impaired depositors (also known as creditors) in these soon to be bailed-in banks, which begs the question: just who or what is being protected here? 

Friday, November 27, 2015

The World Is Now On The Edge Of Massive Financial Destruction And Total Chaos

http://kingworldnews.com/the-world-is-now-on-the-edge-of-massive-financial-destruction-and-total-chaos/
Unprecedented money printing by the Fed, European Central Bank, Bank of Japan, Bank of Canada, International Monetary Fund, and others is guaranteed. There are global debts of $225 trillion and derivatives of $1.5 quadrillion that can never be repaid with real money. With interest rates at zero or even negative, central banks have run out of tools to save the world economy. The only thing they have left is money printing, though they probably know that this will have no effect because you cannot create wealth with worthless pieces of paper. If that was the case we should all stop working and just print.

Friday, August 28, 2015

We Are All Preppers Now

https://mises.org/blog/we-are-all-preppers-now
Advice on the looming crash, No. 1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work.
Crash advice No. 2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
Crash advice No. 3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.

Wednesday, May 20, 2015

In India, Gold Is Not Only Money But Now Pays Interest

"Don't worry:  when the crap hits the fan, we'll return your gold.  We promise." - Indian banks

Folks, possessing physical gold is equivalent to having insurance against financial catastrophe.  Hence, why would one store it inside financial institutions?  The whole concept of owning physical precious metals bullion is to get it OUT of the financial system.

Custodial accounts are fine, depending on the jurisdiction.  Switzerland and Singapore come to mind.  Banks...not so much.

http://www.zerohedge.com/news/2015-05-20/india-gold-not-only-money-now-pays-interest

Wednesday, March 20, 2013