Tag Archives: Tbtf

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 →

Canada Plans for its own Bail Out Scenario – Your Money at the Big Banks is in Potential Peril

Canadian savers may want to pay closer attention to the actions of the Government of Canada. Savers around the world were watching the Cyprus scenario unfold last spring as depositors money was quite suddenly up in the air – and then much of it was gone. Canadian savers may want to know that the government Continue Reading →