by Jeff Berwick, Dollar Vigilante:
The news is pouring in: after .1% growth in the fourth quarter of 2013, Italy’s recovery has begun. (That 2012 $600 billion dollar bailout clearly worked for Italy). But this .1% growth might not be enough to put the minds of politicians at ease. Another less reported Italian based event has taken place in the shadows…
The European Union and its constituent nation-states are scrambling to get all of the pieces in place before collapse. Cyprus made headlines nearly one year ago when they enacted a bail-in against savers. I reported last week’s revelation of savings confiscation in Europe. One main point of each article was that this is not the end. This will only continue, and what’s likely is it is coming to your nation soon.
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