Bail-In Negotiations Continue
Depositors’ money around the globe continues to be a target for the central planners. Rather than returning to laws that protect depositors from bank “gambling” activities in the derivatives arena, the focus is on how to keep taxpayers from taking on the burden of bank failure. They act as though the depositors and taxpayers are two totally separate groups. So who are they targeting? All of us in the end.
See: http://www.stuff.co.nz/world/europe/8829748/Banking-collapse-bail-in-dispute
Japan’s Economy is in shambles
Expect Japan to have an ugly economic event within the next eighteen months. Their aging population will force a collapse in bond prices. There appears to be no way that Japan’s bonds can be funded by the population. Will the contagion spread to other parts of the globe?
1st Quarter Gold Demand: Look to the East
They want to thank the West for depressing the price and paying for their gold with exported U.S. Dollars. What a deal!