GOING BEYOND
4.03.2011
The world's third-largest bank is bust
The world's third-largest bank is bust. It is a US bank with $2.55 trillion of assets. Only BNP Paribas and Royal Bank of Scotland are larger. It's way too big to fail. When it goes bust, it will be bailed out. And Ben Bernanke, chairman of the US Federal Reserve, will have no choice but to fire up the printing presses all over again. Today, I want to tell you how to protect your wealth against the inflationary impact of the dollar flood that will result. But first, let's talk about exactly how banks make money. And how they go bust
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