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Turk expects more bank failures; Sinclair sees Cyprus driving Bernanke out
10a HKT Friday, March 22, 2013
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News that bank failures like the one under way in Cyprus are like cockroaches -- and not because so many bankers are cockroaches but because when you spot one it's seldom the only one but rather is usually followed by more. An excerpt from Turk's interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/21_Cy...
Meanwhile, gold trader and mining entrepreneur Jim Sinclair tells King World News that the attempt to expropriate bank depositors in Cyprus is likely to destroy the "quantitative easing" work of Federal Reserve Chairman Ben Bernanke to maintain sovereign solvency and even to drive him into retirement. An excerpt from that interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/21_Si...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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