Government Plan to Raid Your Savings And What to Do About It
Peter Krauth
Market Oracle
Mar 03, 2014
I recently came across a headline that made me do a double-take… for all the wrong reasons.
It reminded me of what happened with the bailout in Cyprus… and appears to be looming again in Europe.
What’s more, it bears an uncanny resemblance to what President Obama proposed in his latest State of the Union with his MyRA “plan.”
With each passing week, ideas on how governments should “manage your money” seem to be repeatedly echoing across the Atlantic.
The scariest part? With each echo, it’s beginning to take on the sound of the new normal.
But, you don’t have to sit by idly and listen…
The Threat Is Gaining Momentum
Back in November, we talked about how to become your own own central bank, and why.
One thing that prompted the topic was a comment from European Central Bank Chief Mario Draghi in a speech at Harvard. He told his audience that when he was governor of the Bank of Italy – owner of the fourth-largest gold reserve in the world – he “…never thought it wise to sell it.”
Draghi also intimated that gold reserves provide protection against U.S. dollar fluctuations and that risk diversification is why nations [read: central banks] have essentially stopped selling reserves.
Wow. How’s that for a little candor?
The Rest…HERE
