Basel III: The US has started a race to the bottom

More rule changes for banks that will allow them to “REDUCE CAPITAL REQUIREMENTS.” As I have said for years now, banks are all insolvent and involved in the biggest ponzi scheme in U.S. history since removing the gold standard in 1971. It is a house of cards that ends badly for everyone.   Source: Basel […]

How much money should you keep in a savings account?

While I might agree that you should save 6-12 months of income, you should not be keeping it in a savings account or any bank for that matter. When you understand our the banking system works (it is inflationary and insolvent, backed by nothing), banks are the worst place to save and store your safe […]