Turk – Banks & Governments Will Collapse Together
May 2, 2012
With increased demonstrations across the globe, today King World News interviewed James Turk out of Europe. Turk told KWN that banks and governments around the world are set up for a massive collapse, and they will go down together. Turk also discussed key markets and what he is doing with his own money right now. But first, here is what Turk had to say about the situation: “Have you seen the growing demonstrations here in Europe, Eric? So far, the protests have mainly been non-violent. They’re protesting in the streets for good reason. Eleven of the seventeen countries in the EU are in a recession. With unemployment growing to record levels in some countries, certain key European nations are definitely in a depression.”
James Turk continues:
“Then there is the banking problem, particularly in Italy and Spain, where the banks loaded up with debt from their own government, which shows how their interests are aligned. It looks like these banks and their governments will go down together.
The same applies to Japan, UK, the US, and many other countries with zombie banks and over-leveraged governments….