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In todays Money & Markets report, Catherine said you posted a warning to Americans who have GoldMoney. Can you point me towards that posting? Thanks you.
Scott:
For Americans with $10,000 or more in a foreign account:
https://wordpressdevurl.com/blog/special-report-fbar-developments-for-individuals-for-the-2013-tax-year/
Catherine
Catherine,
A friend of mine commented today that his missionary brother currently in Europe had called to ask what was happening in the American banks because the media over there was talking about an American banking crisis going on right now and he was worried about his American holdings. Why would European media think we have a crisis now?
Doug
Doug:
Trading in the financial and Treasury ETFS does not indicate any hints of crisis. I am getting e-mails implying all sorts of problems. I think they are disinformation so far. So, not sure. Sounds like the ongoing economic warfare. If you have links, post them and I will take a look.
The Chinese reform of the shadow banking system is very big deal. If the Chinese do go forward with a deposit insurance scheme it will draw money back into the traditional banks – something very interesting to watch.
And, of course, the targeting of the tax havens will continue. So plenty of excitement in the financial sector.
hOW do I Look at interview on Money and Markets? It shows only “invalid source”