Here it comes! The IMF Proposes A 10% Supertax On All Eurozone Household Savings. Americans should be forewarned. We too need to minimize our bank deposits and shift into tangibles investing. (Thanks to “Beekeeper” for the link.)
C.D.V. sent this: Fitch puts US AAA rating on rating watch negative
Items from The Economatrix:
The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.