Economy

I've become interested in this whole Bitcoin thing, the electronic currency first was issued about 3 years ago, and I think it is fascinating - and troubling. Here's why.

I know a lot about the world’s financial system and how it works but you don’t have to be a technical wizard to understand that it’s financial insanity and ethically, financially, and socially wrong. .

The politicians of the western world are coming after your bank accounts. Cyprus-style "bail-ins...for systemically important banks" are actually proposed on pages 144 and 145 of "Economic Action Plan 2013" in the new Canadian government budget and it is being reported that the European Parliament will soon be voting on a law which would require that large banks be "bailed in" when they fail. ...I can't even begin to describe how serious all of this is. So exactly what in the world is going on here? Words: 1075

Cyprus is a trial balloon for the NWO [New World Order], taking a small country that can more easily be controlled, putting the financial screws to bank depositors and then watching how it all unfolds, creating a playbook for future bank raids... If anyone thinks this [was] a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that your money will be toast.

Today, I'm dishing on the unbelievable rebound in residential real estate, pesky rumors about the dollar's demise and a resurgent U.S. stock market. So let's get to it.

Think what is happening in Cyprus can’t happen in the U.S? More than $10.8 trillion in deposits are insured by the FDIC with a $33 billion insurance fund. That’s pretty scary,” and the best way to protect yourself is to get into real assets.

Things will get messy and nasty, sooner rather than later. Protect yourself and your family by preparing for a complete and utter economic collapse that will also collapse governments and societies. Predatory government will be stealing assets from anyone who has them.

Supposedly "insured" depositors in Cyprus thought there was nothing to worry about until they woke up on Saturday with a haircut between 6.75% and 9.9% on their money in the bank. Today the American Banking Association reminded Americans that there is absolutely nothing to worry about when it comes to the sanctity of US deposits. [Really?] Words: 385; Table: 1

When asked who will fight for jobs, to end the nation’s dependance on foreign debt and toxic imports, the answer should be American citizens themselves. Rather than tell children how great America was, citizens should want them to see America’s greatness for themselves and preserve it for the next generation.

The Economic Straight Talk Newsletter gives you balanced views and contextual comments that save you time. The newsletter's objective is to help you keep up to date, gain new ideas, better trade and invest, better communicate with your investment advisor if you have one, and importantly make your own ‘penny drop’. Take a look.