Faber : James Turk is Correct about The Worldwide Banking Crisis

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  

 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.