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Strategies & Market Trends : The Ego Forum

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To: ames who wrote (11993)3/29/2013 9:21:46 PM
From: ames   of 12175
 
Here's a cogent explanation of the background to the Cyprus bail-in. The principles of treating depositors as unsecured creditors in the vent of a bank crash have been taking shape in US financial deliberations, and with a worried eye on the stupefying derivates exposure of the casino banks. This is the core of sinclair's urgency, though presented far more lucidly.

<<http://www.truth-out.org/news/item/15401-it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors

Jim Jubak is saying comparable things to his mainstream audience of retail investors:

<<http://jubakpicks.com/

Sinclair this weekend is in full survivalist mode (get cash, a diesel generator, a farm, lots of guns).
If you think of the way FDR handled the bank "holiday" at the onset of his administration, even
terrific anomalies don't necessarily play out as a Hollywood thriller.
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