Weekly Roundup From
Moneynews Insiders
Moneynews Insiders
| Hans Parisis: Lesson From Cyprus: Proceed With Caution |
 We
have been warned in time for what’s likely to happen in the future when
banks in the eurozone will be obliged to reveal other “black holes,”
which are surely out there. No, the crisis is not over . . . get the full story,
click here. |
| Barry Elias: Global Reserve Currency Should Be Backed by Real Reserves |
 Sovereign
currency manipulation can be severely curtailed if we require the
currency to be backed by real reserve assets, such as gold and silver.
The reserve requirement would be similar to that used by banks to
guarantee they have adequate capital to cover future losses . . . get the full story,
click here. |
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Editor’s Note: CIA Adviser Warns of ‘A Financial War We Are Going to Lose’
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| Ashish Advani: When Will the US Become the Next Cyprus? |
 The
dominoes have begun to fall. Just when the euro thought it was safe to
emerge from the three-year crisis (we saw the euro climb above 1.35
against the U.S. dollar), the world’s attention was seized by Cyprus . .
. get the full story,
click here. |
| Richard Rahn: How Government Steals Your Savings |
 There
has been global outrage about the proposal from the Cyprus government
to have a significant one-time tax on those who have deposits in Cypriot
banks. It has been correctly called a theft of private capital . . . get the full story,
click here. |
| Patrick Watson: Banking: Fundamentally Dishonest Business |
 The
European eggheads who attempted last week to seize insured bank
deposits in Cyprus did us all a favor. Their ham-handed money grab
exposed a near-fatal flaw — a flaw present in every bank worldwide, and
even here in the United States . . . get the full story,
click here. |
More Links:
- 6 Unlikely Heroes Beat Economic Odds, Start Their ‘Own Recovery’
- The IRS’ Worst Nightmare — Pay Zero Taxes in 2013
- Pastor Flips Obama Policies for Massive Profit Opportunities
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