gradually the property rights of everyone is abused by government.

case in point:

Swiss Gov enacted new ruling on Sunday giving Credit Suisse equity holders preference and chose to zero out "additional tier one” (AT1) bonds

not only is this not the usual hierarchy of losses when a bank fails

(shareholders typically the last in line for any kind of payout with AT1 at the front)

...but it begs the question of who was intentional violated as the largest AT1 holder?

rich people are realizing that their "safe" swiss gold held in a well know vault is one military ruling away from government confiscation .

Reply to this note

Please Login to reply.

Discussion

Государства устарели? нужно дать им вилку))) пусть сделают выбор...