NSA To Oversee Your Bank Account?
One of the most respected "institutional minds" talks about today's "delusional
market climate" and the potential that the NSA may soon oversee your bank
account.
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(King World) Today a 42-year market veteran warned King World News that the NSA is going to be overseeing individual bank accounts and wealth.
John Hathaway, who is one of the most respected institutional minds in the world today, and whose fund was awarded a coveted 5-star rating by Morningstar, also discussed the NSA’s invasion of privacy, the skyrocketing price of Bitcoins, as well as what all of this means for the gold and silver markets.
The other thing which I think people are just simply not aware of is the fact that we are living in an absolutely delusional market climate. This is the intention of policymakers, to tighten the screws on private wealth. We had none other than Larry Summers speak this weekend about transitioning to a cashless society.
This would allow monetary authorities to achieve even lower real interest rates, and quite likely lower nominal rates. This would force people to spend.
A side effect of this is that everything is going to be digitized. And if you think we have problems with the NSA now, just wait until your bank account and your wealth are basically all in a digital format for regulators and lawmakers to look at.
Read The Full Story
Revealed: Ex-Military's Shocking Secret About The Coming Food Crisis
According to recent studies made by World Bank, the coming crisis will be far worse than initially predicted... Get The Full Story
(King World) Today a 42-year market veteran warned King World News that the NSA is going to be overseeing individual bank accounts and wealth.
John Hathaway, who is one of the most respected institutional minds in the world today, and whose fund was awarded a coveted 5-star rating by Morningstar, also discussed the NSA’s invasion of privacy, the skyrocketing price of Bitcoins, as well as what all of this means for the gold and silver markets.
The other thing which I think people are just simply not aware of is the fact that we are living in an absolutely delusional market climate. This is the intention of policymakers, to tighten the screws on private wealth. We had none other than Larry Summers speak this weekend about transitioning to a cashless society.
This would allow monetary authorities to achieve even lower real interest rates, and quite likely lower nominal rates. This would force people to spend.
A side effect of this is that everything is going to be digitized. And if you think we have problems with the NSA now, just wait until your bank account and your wealth are basically all in a digital format for regulators and lawmakers to look at.
Read The Full Story
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