Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

GIH: Scary revelations coming from the EU, regarding ‘bail-in’ strategies funded by savers.  How this ‘confiscation’ of assets is to be structured and sold to the public (if they have a choice) remains to be seen.  But even having such a discussion should make anyone with any assets in Europe worry.  Cyprus was a ‘test […]

IRA Confiscation: It’s Happening

GIH: The IRS has gone after US taxpayers funds in Swiss Bank accounts, and other offshore jurisdictions.  Without raising taxes or severely hyperinflating the currency, the US Government has few options to support its large debt hole.  IRA accounts are ‘low hanging fruit’ because most people trust the US Government, and have a detachment to […]