Comments on: Heroic Swiss Bankers (UBS AG)

By: Myron Pauli

Myron Pauli — Fri, 06 Mar 2009 04:01:06 +0000

I fear that Steve Hogan may be correct about gold confiscation…. it is like allowing “private” health care to co-exist with socialized medicine – and is generally forbidden by the Welfare state – same with a rival currency such as gold.

By: Steve Hogan

Steve Hogan — Thu, 05 Mar 2009 18:17:13 +0000

And if you have physical gold in a safe deposit box, you might want to think about pulling it out while you still can. If they're pressing the Swiss about foreign bank accounts, doing another FDR and confiscating people's gold can't be far behind.

By: Emily

Emily — Thu, 05 Mar 2009 08:07:32 +0000

Swiss banks will like to increase their presence in India, especially in trade and corporate finance.

By: Van Wijk

Van Wijk — Thu, 05 Mar 2009 08:06:13 +0000

This is not the first time I’ve said this, and I’m sure it won’t be the last: God bless the Swiss.

By: Joe

Joe — Thu, 05 Mar 2009 06:55:32 +0000

A brief history of Swiss banking secrecy is here:

http://www.switzerland.isyours.com/E/banking/secrecy/history.html

The Swiss don’t do anything without a plan. I suggest the first accounts they turn over to Obama be the names of every US politician and power broker who has an account there. Before they do this, they should publicize that they will be doing it concurrently with distributing the list to every news outlet as well.

By: Joe

Joe — Thu, 05 Mar 2009 06:52:30 +0000

‘We cannot rely on the Swiss; that’s the bottom line,’

The Swiss will not break on this issue. They have too much to lose. The Swiss secrecy laws were put in place decades ago to, among other things, protect foreign citizens from persecution by their governments who treated the presence of foreign accounts as a capital offense in some cases for certain groups.

“cannot rely on the Swiss”. Heh. Yeah I guess they can’t rely on them to allow looting governments to grab the wealth. Sen. Levin also hinted about legislation supported by Obama that would prohibit US Citizens from having foreign account holdings. When countries have prevented their citizens from holding capital outside of their jurisdiction things have usually deteriorated rapidly. I think a serious money grab is in the works. I can smell it.