The Italian banking system is skating on very thin ice. This is something that has the potential to really create havoc on the global economy.
In the meantime, wealthy Italian citizens are not sitting back waiting for the day of reckoning. They are starting to move their assets into the Swiss banking system in an effort to protect themselves against a collapse.
This move also protects against the weakening of the Euro against the Swiss Franc.
Click on image to read full article.
Great post!
Thanks for tasting the eden!
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