Banks are toast, Trillions more in Bailouts coming, says John Embry

[bobbyw24]

Sprott Asset Management's John Embry told King World News yesterday that the nationalization of Dexia shows that the European banking system is toast, that trillions more of fiat currency are on their way to bail out the rest of the insolvent world, that all markets are being manipulated now, and that gold and silver investors should not be demoralized out of their positions.

I thank Chris Powell for providing the introduction to this KWN blog...and the link is at

http://kingworldnews.com/kingworldn...eat_2008,_Stocks_Could_Fall_40_From_Here.html