Commodity Trade Mantra

Posts Tagged ‘Bank Accounts’

Will They Confiscate Money From Bank Accounts In Greece - Like Cyprus?

ECB is up to its eyeballs swimming in unpayable Greek debt that it holds & has only 2 alternatives. It can push the €112 billion of Greek debt it holds to the national central banks of the Eurozone & on to the backs of the taxpayers in those countries. Or confiscate depositor money in Greece, like it did in Cyprus.

Governments Will Loot Pensions, Savings – Hold Onto Your Gold: Jim Rogers

Politicians don’t know what to do besides printing money – so that’s what they end up doing. When we start to have more economic problems due to gigantic debts and more inflation, governments could loot savings and pension plans. We will see a wave of turmoil from all this that will surely take gold higher.

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