Ex parte is not a Latin phrase with which many of you will be familiar. It means without your advance knowledge. Thanks to the European Union banking regulators and the European Commission, this disturbing implication phrase now applies to your bank accounts and home town bank. Allow me to explain…

There are many ways that governments can grab your money Ex parte. They might do it like in Venezuela. Admittedly Venezuela is an extreme case, yet only three years ago, their currency was considered to be rock solid, safe, and sound money. Then the government set to work inflating it away as they wantonly printed it to cover their failing petrodollar economy and out of control government expenses.

The end-result is that today those millions of middle class Venezuelans who did everything right have lost literally everything that they had worked for and saved over years. No one believes this can happen in their developed country though, and this is where you are dead wrong.

There simply are no shortage of bizarre and extraordinary scenarios unfolding in the West nowadays. Consider Switzerland, regarded by many to represent the peak of safety and security from a banking and currency perspective. Yet in this banking safe haven even today, Swiss banks have already paid out $1 billion for the privilege of keeping their own deposits with the Swiss National Bank in 2017 alone!

You call this the effects of an NIRP, or negative interest rate policy. The unusual government fiscal policy was designed and implemented in order to create inflation.  Today’s poor Swiss banks are so afraid of not getting their money back from other competing, low yielding and still fairly high-risk investments that they will actually pay out interest in order to keep it safe with the rock solid SNB.

That’s as backward as banking comes. Only ten years ago, people would have laughed if you explained today’s bizarre banking scenario in Switzerland and throughout most of continental Europe to them.

This is where the European Union’s Ex parte idea comes into play. They announced in August that they will freeze all bank accounts if a bank run occurs anywhere. The German government spokesman said to Reuters:

“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge.”

It is a good and sensible sentiment to fight the failure of your lending institutions and to keep your country’s banks solvent. The problem with their strategy is that they plan to utilize your money to do it. They call this the ex parte procedure. The European Commission claims that by doing it ex parte, they will gain the advantage of a “surprise effect” which will greatly decrease your chances of finding out about it and then moving your money safely away in advance.

Is Your Retirement Portfolio Protected by Gold From Banks or the Government Stealing Your Money?

The fact of the matter is that you must learn how to protect your money so that you are not simply relying entirely on paper currencies which can be frozen electronically or inflated away without advance warning or any notice being given. Gold is the proven way that you can reliably do this.

Gold is not owned by any of the crooked banks or deceitful governments. It has a limited supply, which simply means that they cannot make any more gold (its supplies are already limited by the fixed quantity found in the earth). Best of all, economists, central banks, and politicians are not able to inflate away the yellow metal any more than they create more of it. Click here now to obtain your entirely no-obligation, no-cost gold IRA rollover kit from the best in class retirement firm Regal Assets which will allow you to possess all of the important  information you require in order to protect your retirement accounts through a partial diversification of your IRA assets into tangibly held gold.

Will your portfolio weather the next financial crisis?

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