Wednesday, April 24, 2013

Bigger Bank Failures on the Way

"It is important to note that the ECB could have avoided this mess by simply printing up several billion euros and giving it to the banks, in effect sweeping the mess under the rug. Instead, the eurocrats decided to play hardball. One has to ask why.

The reason for this is because they are getting ready for bigger bank failures. The Dutch EU minister said taking depositor money is going to be the template throughout the EU, which should send shivers up the spine of everyone, whether or not they have money on deposit in a bank."

- James Turk via a recent King World News interview, read the full interview here: