Contagion Is In the Air, European Banks Suffer

Contagion Is In the Air, European Banks Suffer

Deutsche Bank has warned the markets that bail-ins will only hurt the economy more. This announcement shocked the world and has been an utter and complete change from their past rhetoric, in which banksters around the world have called for more and more quantitative easing (QE), wishing to remain perpetually drunk off easy money.

Yet, the industry is waking up and starting to realize what precious metals proponents have known since this crisis began. Easy money is not the solution, but in fact the cause of our current woes.

European banks are slowly beginning to change their tune, and going as far as to admit that they have been wrong all these years. Perhaps their...