What investor, public or private, is going to participate in a market where, at any time for almost any reason, 1/2 to 3/4ths of his initial investment can disappear? This act is the result of a third party, non-player, sitting off in an office somewhere deciding that it would be best if everyone in country “X’s” financial market gets a “haircut” to help the balance sheets.
Does anyone reading this post need any further proof that “professional politicians” are a deadly threat to everyone else’s health and well being? IMHO the scariest part of this whole issue is the “Professional politicas” thought they could make a massive change to the existing rules and everyone would continue to play since “it's the only game in town”.
If 2012 sees five economies collapse in Europe then 2013 will see additional economic collapses in Asia, Latin America, and North America.
Pull the five-way straps tight folks the ride is going to get real rough!
There is still plenty of private property for them to confiscate.
yitbos