Tag Archives: Bank Of England

The USA, UK and EU are Planning to take your Savings: A Whiff of Desperation in the Air?

(Originally published on 22 March 2013 at Economics for the Rest of US)  A recent paper by the Bank of England and the American Federal Deposit Insurance Corporation (FDIC)  demonstrates that both governments have a plan to take your savings money in a financial crisis.  Scarily enough, the paper was published in December 2012. As recent Continue Reading →

How Central Bankers and Economists will Cause Political Chaos

Simple is good. Complicated can be fixed. Complexity kills. These are the men who matter more than the politicians: Ben Bernanke of the US Federal Reserve, Mario Draghi of the European Central Bank, and Mark Carney, currently Governor of the Bank of England and formerly the Governor of the Bank of Canada. These central bankers Continue Reading →

The Savers versus the Takers: Potential Social Unrest

Being a saver will be punished by the takers. The Savers: Those with a savings account, a personal retirement fund, a pension fund, equity in their homes or other cash assets. The Takers:  Governments with unreasonably high debt levels, supra-international institutions such as the EU, Central Banks, and financial institutions. Reduced to its most basic, Continue Reading →