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Banks weakening throughout Europe and even in U.S., Turk tells KWN
1:38p ET Monday, June 20, 2016
Dear Friend of GATA and Gold:
The nonperforming loans of Italian banks are now far greater than the banks' equity, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that bank solvency is declining throughout Europe and even the United States. Since so much more debt has been created in recent years, Turk says, the next financial crisis is likely to be far worse than previous ones. An excerpt from Turk's interview is posted at KWN here:
http://kingworldnews.com/the-world-is-headed-for-another-terrifying-coll...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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