" the precedent has now been set for the future that any central bank (CB) or international agency (IMF) might consider taxing savers to pay the Sovereign debts of their insolvent home country. The “Genie” is now out of the bottle, and it can’t be put back into the bottle…the damage is done. The merits and/or the intent of the plan are not our focus, but there are going to be serious “unintended consequences” as a result, regardless of how the Cyprus situation ultimately concludes."
http://www.321gold.com/editorials/micik/micik032613.html
About Me
- Don Simmons
- Am just a hack with skilz! I'm 60, semi-retired, and live in Texas. I have had the pleasure of being in 39 different countries around the world, many of them for extended periods of time. I am one of those that still believes in the awesome power of film, but increasingly am shooting in digital...I shoot what I like that I see...and am apt to use whatever cam is available to do the job...these days I am usually shooting with a Canon 50D, but still enjoy dragging the large format gear out every now and then...We have a small studio and a full service darkroom here at the house which helps us to keep costs down... Locally my work has been featured in McKinney Living magazine, Gusto Guide magazine, and Southern Vanity magazine, as well as McKinneyNews.net...