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RKTP Capital Management is independently owned with over 14 + yrs experience in the derivative & securities industry, knowledge of the Foreign Exchange & Precious metal markets , along with trading in Capital markets. This combination of experience and ownership cultivates an environment... More
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  • Will Canada See A Cyprus Style Bailout?? 0 comments
    May 14, 2013 10:17 AM

    Bailouts...and how effective are they for economies...

    With recent articles http://business.financialpost.com/2013/05/13/the-price-of-taxpayer-support-for-canadian-banks/ pertaining to "possible bailouts" and who would be "on the hook".

    Flaherty has been "touting" how stable and prepared Canada has been since 2008 financial crisis....what I have noticed in recent articles..today's and the last G20 meeting...Carney (Canada's B.O.C. chairman) provided insight. He mentioned that if Canada had a "Cyprus" situation...that he couldn't guarantee that all of Canada's bank depositor funds would be protected.

    The current theme continuing for today's modern world in our financial system..."uncertainty", "austerity" & "bailouts". With investors seeking alternative investments for returns (i.e. precious metals) and concerned about their bank deposits..2014 and beyond prepares us for a possible new financial system.

    Precious metals remains in the headlines..as it should...emerging market central banks "buying more gold"...talks of a "alternative currency" to the USD...the key to survival in our current financial system is to be "resilient".."knowledgeable" and "empowering oneself" to be prepared for whatever "ditches" lie ahead on your path.

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