Bundesbank say that gvt should draw on the wealth of their citizens before asking for help.!!!

well,

we’ve had a few examples the last few years about how governements are soo good at  doing anything they can to remain in power.

anyway, I wrote a bit in different posts as this one https://relativemoney.wordpress.com/2013/11/06/the-coming-wealth-tax-a-recurrent-theme-with-the-imf-flavour/  

Reuters report that Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help.

http://www.reuters.com/article/2014/01/27/us-eurozone-crisis-bundesbank-idUSBREA0Q0HV20140127

The questions here is where and how you should protect yourself.  Buying properties cash in a far distant country with a relative secure legal environment could be an option. Cash under the mattress and physical gold could be another option. Banking with financial institutions which are not commercial lenders could be also a must.  Juste get prepared… the timepiece o your wrist is ticking and ignoring the signs will make of you look like one day as…

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