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The Vulnerability of Private Wealth to Government Financial Stress
Tag Archives: Bank Deposit Insurance
The Vulnerability of Private Wealth to Government Financial Stress
Posted in Alumni Lecture Series, The Spellman Report, Video Library, Video Spellman Reports
Tagged Bank Deposit Insurance, Banking Protection, Banking Secrecy, Cyprus bank deposits, Deposit Runs, monetary policy, Quantitative Ease, Wealth confiscation, wealth preservation, Wealth Protection
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The Slow-Moving Train Wreck Has Picked up Speed: Foreign Depositors in European Banks Will Be Outed
Economies have natural self-correction mechanisms to keep the economic train on the tracks and moving at accustomed speed unless undercut by governments. In their desperation for tax revenues, Euro zone governments have “outed” their foreign depositors to the foreigners’ home taxing authority. Thus, the slow moving train wreck has just picked up speed. Continue reading