Europe Considers Wholesale Savings Confiscation

From Reuters’, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

These actions would directly impact pension funds & bank accounts!
Bail-In – Research & be informed.

This has been approved & signed into law by global governments, the new resolution tool that empowers the confiscation of savings when a financial institution is considered to be significantly important to the banking system, becomes too stressed.

Is your wealth diversified strategically ?
Are your pensions & savings exposed to confiscation ?

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Reuters article link: Exclusive: EU executive sees personal savings used to plug long-term financing gap

Further research reading from Zerohedge

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