Wednesday, May 21, 2014

Deposit in bank accounts could be at risk if Bank fails

The US Government has changed a various regulations and laws so that we too being Americans, could have our bank accounts raided. You and I if we have money in a Bank that is failing, the politicians decided they are not going to use tax payers money to bail them out anymore and so that means the depositors are on the hook. That change has been made in the UK, that change has been made in Europe and probably been made world wide. So be very careful.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.