Sunday, November 30, 2014

The Czech Republic‘s Interior Ministry is to tighten security measures at government offices after envelopes laced with poison were sent to two ministries.     "The central crisis committee agreed to raise security at selected state institutions, mainly ministries, and raise protection at other places," Reuters quoted Czech Interior Minister Milan Chovanec as saying on Friday.
The letters, which contained deadly doses of poison, were recently sent from Sweden and Slovenia by unknown persons and were stopped before reaching the intended addresses of Chovanec and Finance Minister Andrej Babis.   “We do not want to raise panic but... we need to adopt these security measures," Chovanec added.  The interior minister went on to say that hundreds of letters containing unusual substances are sent to government buildings each year, but this is the first case of harmful substances being used.    The Czech Republic, a European Union and NATO member, does not have any records of terrorist attacks over the past decades.
Across Europe, government bond yields are NEGATIVE, i.e. you have to PAY these bankrupt governments for the privilege of loaning them money.  And as IMF director Christine Lagarde said last week that a diet of high debt, low growth and high unemployment may yet become “the new normal in Europe”. Each of these data points signals an obvious long-term trend. We can see where this is going. But here’s the good news: none of this need affect you. The power is in your hands.
Even if the Swiss divorce themselves from prudent policy, and even if your government refuses to maintain sound money, you still have options.
You can choose to maintain a portion of your savings at a well-capitalized bank abroad in stronger currencies. You can choose to hold some physical precious metals (or even cryptocurrency) overseas at a secure location where it can’t be confiscated by a bankrupt government.
You can choose to own productive assets abroad or collectibles that cannot be conjured out of thin air by central bankers. All of these tools and resources already exist today. And for now, they’re available for anyone to take advantage of.

No comments: