Europe – The Greatest Threat to World Economy
These politicians always look at things that never see themselves as the problem. So every solution must center around manipulating the people, never reforming government. They speak only of the private sector and carry a very big stick. They cannot see that this “bail-in” leads to the same result as the German Revolution insofar as people, albeit the smart ones, will move their money and start to hoard their wealth keeping only minimum amounts in the bank. This will start the gradual rise in interest rates as more and more capital moves away from PUBLIC investment and shifts toward PRIVATE. This is the dominant trend that has taken place throughout history. Everything has two opposites and we must swing back and forth between the two.
Europeans are now better-of buying assets, especially shares that are at least transportable. Real Estate could be taxed – just look at the USA and Greece where they taxed swimming pools. The smart ones will take delivery of their shares and not even leave them at a brokerage house. The fools will not believe it and are too interested in non-political things so they do not pay attention. That is historically why fools are always separated from their money quickly.
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