Tuesday, June 4, 2013

Marc Faber: There is a worldwide Banking Crisis

The Gold Report: A lack of skilled workers sounds like an economic problem, not a banking crisis.

Marc Faber:  Mr. Turk is correct that there is a worldwide banking crisis. But the crisis was caused by bailing out the global banking system. Using handouts, the governments monetized the debt structures of the European Central Bank (ECB) and its subsidiaries in countries like Spain, Italy and Portugal. - in The GOLD report


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