4169 days ago
Is it time to sell everything? Probably not but it is quite possible that all asset classes will fall sharply in the coming weeks and months. – Well that is the theme of my financial video postcard this week which you can watch on Shareprophets.com here.
The political postcard focusses on the Euro, the EU, State sponsored theft and the end game. I sense that we Eurosceptics are about to be vindicated big time and soon.
4268 days ago
Cyprus has become the fifth Eurozone nation to get a bailout but this one is different. At the insistence of the Germans one condition of the bailout is that private citizen’s pay and they will do so via a tax of up to 10% levied on all bank deposits in the Mediterranean island. This is pure socialism in action – the idea that the legitimate savings made by an individual as a result of fully taxed income can just be seized by the State. It is a horrific precedent.
For having established that the State can effectively seize whatever it wants whenever it wants you rather accept that you have no private property or savings. You can work your socks off, pay taxes to support those who do not work, save prudently so that you will not be a burden on the State or your family in the future and then one day the State just seizes your money. Heck why stop at 10% of bank deposits? Why not seize land, houses, etc.? The precedent is now there and this is an EU precedent.
David Cameron wishes to remain part of an organisation which thinks that State sponsored theft of private wealth is acceptable. I do not and nor, I suspect, do most British people. If the Conservative party and for that matter the Lib Dems and Labour support State sponsored theft that is fine they should be honest about it and we can all vote UKIP. But will the established parties stand up to the political elite in the Evil Empire and say
