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"After the massive bailouts required to save the system following the crash of 2008 banks and regulators worked together to ensure that all deposit accounts in the United States are no longer the property of depositors, but rather, the banks themselves. All customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks." Read More
I've been urging people for some time now, to divest out of the USA and diversify risk by establishing a presence in the international arena. Things are getting dicey and all the writing is on the wall. There is a window of opportunity now and it is closing rapidly. Start making plans to be an 'International PT'! Anyone can do it regardless of net worth.
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