DON’T BANK ON THE BANKS
Great read here from Eric Sprott. This sort of rhetoric should sound familiar to regular readers:
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Very Good — TPC
Surprising –No comments
I have been posting about the “Bankrupt” US banking system- for months
You have posted notes from DR, Comstock, on this same subject!
Needless to say the Brits have the most exposure to Dubai–an extension is just another name for Default.
Imagine a consumer asking a Bank for a 6 month extension on a Car or Home loan.
“Goodbye Car” “Goodbye House”
Whats the “Moral of this Story”
“If the Banks don’t lend the Economy can’t mend”
So we are preaching to the choir
Regulations–What regulations?