BIG SIX BANK STOCKS
OUTPERFORMING MARKET BY TEN TIMES-NOMI PRINS – interview by Greg Hunter
(13/12/13). See Video
By Greg Hunter’s USAWatchdog.com
Nomi Prins, former Wall
Street banker and author, says, “There’s this myth . . . that somehow the
Fed’s quantitative easing (money printing) is helping to create jobs.”
What’s really going on? Prins says, “The big six bank stocks are
outperforming the rise in the stock market generally by ten times, and that is
really not talked about very much, and that’s a big multiple.” Prins
goes on to say, “They are the ones who have received the most benefit, and
they are the ones who are still in trouble.” Can the Fed stop
supporting the big banks? According to Prins, “The banks can’t survive
without the Fed support, period. . . . The Fed will not discontinue its program
of helping these banks because the levels of problems are still the
same.” According to Prins, depositors could be in trouble during the
next banking calamity. Prins contends, “That is a danger.
Depositors could lose money because the FDIC would not be able to contain a
mega fallout. . . . They’re creating a facade of stability until it falls
apart.” Join Greg Hunter as he goes One-on-One with Nomi Prins, best-selling author of “It Takes a Pillage.”
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- Fed Can’t Prop Up Stock Market Forever
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