Understatement of the day…… “Looking at the big picture, when it’s clear that your government is broke, your deposit insurance fund is undercapitalized, and your bank is hazardously illiquid, it seems obvious that you shouldn’t hold 100% of your savings in that banking system.” Simon Black, Soverign Man Think Cyprus. Yeah I know, but […]
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Not a day goes by and once again I’m reminded of why we find ourselves in the situations that we do. Bankrupt Governments and failing economies are merely the effects. Why is it no one seems to ask the correct questions. The cause questions and the cause questions often start with the word WHY. The […]
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