The Next Big Banking Crisis

"As economies head into the tank, more loans in the banking system will become impaired, and many banks around the world remain over-leveraged with weak balance sheets. As interest rates rise, the long-term interest rates banks have locked into in on their loan books will mean the value of those assets will be declining, further adding to bank woes.

Even the Fed's and other central bank balance sheets are not immune to the loss in value of the fixed-rate paper they own when yields climb. In other words, the next big banking crisis may be just around the corner, and the best way to prepare for it is to own physical gold and silver.”

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

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/3_Turk_-_The_Next_Major_Banking_Crisis_As_Gold_%26_Silver_Surge.html

How to Survive the End of the World as We Know It