Tuesday, December 10, 2013

Nomi Prins: Depositors Could Lose Money, QE Money Printing and What's Really Going On - Plus More

According to former Goldman Sachs banker Nomi 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."