Your Advisors
'S LATEST HEADLINES
-
After the Cyprus Bailout, Here's Where You Should Keep Your Savings Now
Now that the dust has begun to settle in Cyprus, the battered principle of deposit insurance seems to be safe-for now at least.
In the big stare-down with the European Union the final Cyprus settlement did not zap the small depositors.
Instead it simply shifted the burden further up chain. The final deal increased the "haircut" on large depositors in the Bank of Cyprus and Laika Bank from an originally proposed 9.9% to an astounding 40%.
To me, that's highway robbery — even if the Russian Mafia has to bear a big share of the brunt.
As strange as it may seem, even the Russian Mafia has rights!
The lessons here are quite clear…
To continue reading, please click here... - Why We Can't Avoid Ben Bernanke's "Monetary Cliff"
- As Cyprus Struggles, Now Is the Time to Buy Gold
- Why the Cyprus Bailout Could Set Banking Back 300 Years
- Investing in Mexico May Be a 100-Year Opportunity
- Three Safe Stocks to Buy in a High-Flying Market
- Why Now Is the Time to Add Australia to Your Portfolio
- The Eurozone Hangs On By a Whisker
- This Is a Recipe for Massive Hyperinflation or Bankruptcy
- Does the Heinz Deal Mean Warren Buffett Has Become a Doomsday Prepper?