On the 1st January 2018 the ECB bail-in tool will be two years old. That's right just over two years ago the ECB decided that it was better to force the financial burden of banks' failures away from the state and instead onto bondholders and creditors i.e. those with money in the bank.
It is a lesson on how exposing your wealth to various counterparties is exposing it to an incalculable level of risk. Furthermore it should be a lesson on the importance of having savings and learning how best to protect them.
War on cash expanding to affect non-criminals including gold owners. New definitions of “cash” to be drawn up by EU to include gold and precious metals. Legislation will allow authorities to seize assets from those ‘without a criminal conviction’
Stagflation risk as food and drink prices jumped 4.1% in 12 months. UK inflation hits 3.1%, highest in nearly six years. UK earnings flat - households are still suffering falling real wages.
The OECD has issued further warnings on the pension crisis facing Britons. In both the UK and abroad Brits must look to gold for pension diversification.