By Porter Stansberry in the S&A Digest:
In America – formerly the home of free enterprise – the government now owns the banking system, AIG, and General Motors. Next, Uncle Sam seems posed to take over health care and the market for electricity (cap and trade). At the same time, on the other side of the world, in Switzerland, private bankers can't keep their mouths shut anymore. Having already given up 250 clients to American prosecutors, UBS is now poised to give up 52,000 more names. The Swiss stood up to the Kaiser in World War I. They stood up to Hitler in World War II... But they can't stand up to OBAMA! No one can.
We don't think it's a positive sign for the future of humanity when the world's leading (and legendary) haven from plunder and violence – Switzerland – is finally forced to kneel before the incredible, global power of the United States government.
Switzerland, like America, once represented a very powerful idea – the idea that men could still escape to a place beyond the reach of coercion. Switzerland was, until this week, a place where civilized men could find refuge. And whether or not that matters to you personally, we all benefited from the existence of such a place. It was the last significant outpost of economic freedom.
Crux note: The S&A Digest comes free with a subscription to Porter Stansberry's Investment Advisory. Click
here to learn more...
More on banking the government can't track:
The right amount of gold you should own
The only gold investment Wall Street can't ruin
Doug Casey reveals how to legally transfer wealth with gold coins
