Bail-In

Blog

Barandash Karandashich/Shutterstock

Banks Are Evil

It's time to get painfully honest about this
Friday, March 17, 2017, 8:05 PM

I don't talk to my classmates from business school anymore, many of whom went to work in the financial industry.

Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I've increasingly come to see the financial industry -- with the big banks at its core -- as the root cause of injustice in today's society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I'm choosing that word deliberately: Evil. » Read more

Blog

Phonlamai Photo/Shutterstock

The Screaming Fundamentals For Owning Gold

We're at a moment of historic opportunity
Tuesday, December 8, 2015, 12:53 PM

Every year or two we update this report, which lays out the investment thesis for gold. Here is this year's version.

Silver is touched upon only as necessary; as a separate report of equal scope is required for that precious metal.

Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it. » Read more

Blog

Andrey_Popov/Shutterstock

The War On Cash: Officially Sanctioned Theft

How banks & the government are diminishing your savings
Friday, June 12, 2015, 12:07 PM

You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean?

It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash.

These limits are broadly called capital controls. » Read more

Daily Digest

Image by Peter Broster, Flickr Creative Commons

Daily Digest 4/4 - Barclays Blames Bank Culture; Shut Up, Savers!

Thursday, April 4, 2013, 10:44 AM
  • 'Shut Up, Savers!'
  • Storm drain grates go missing, create safety hazard
  • UN adopts Arms Treaty with support from Obama administration
  • Chinese Foreign Fisheries Catch 12 Times More Than Reported, Study Shows 
  • Are All G20 Bank Depositors Exposed to a Cyprus Style Seizure of Deposits for a 'Bail-in?' 
  • Ottawa’s bank ‘bail-in’ talk spooks investors
  • Michael Sona Charged By Elections Canada In Connection To Robocall Scandal
  • Man has undeclared $10,000 seized at border after exchange rate pushes him over limit to take from country
  • Barclays' Salz Review blames bank culture
  • Researcher tried to export pathogen to China, RCMP allege
  • Massive offshore tax haven account leak includes names of 450 wealthy Canadians
  • Senators get automatic $2,900 pay boost after MP’s vote to increase their own salaries
  • David Stockman: "The Great Deformation"
  • Cyber Attack Alert
  • Currency Wars: “The Fed is Playing with a Nuclear Reactor”
  • A Tipping Point In The Financial System
  • Rumors of a Cheap-Energy Jobs Boom Remain Just That
  • Food Field Urban Farm in Detroit Heals Land, Sets Sights On Aquaponics and Economic Viability
  • China reports three H7N9 infections, two fatal