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Banks Not Going Broke, They Are Broke – Rick Rule

Greg Hunter, USA Watchdog, Released on 1/10/17

“It isn’t a question of ongoing bank solvency. It’s a question of real bank solvency and how long people will believe in the system. If the major players had to face a liquidity squeeze, even the level of magnitude they faced in 2008, I suspect the fiscal tools available are constrained enough now that they would be unsuccessful in containing a broad liquidity base contagion.”

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.

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