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With ongoing worries currently, surrounding economic climate stability King World News questioned James Turk from London to have his simply take on the problem. When asked about the continuing situation, Turk replied, 'You realize I've been touring around Europe quite a bit and there's one common characteristic, regardless which state I'm in, folks are really scared about the risk of a fall of the pound. Money continues to maneuver from the European banking system, which is why central banks moved in with some money publishing a week ago.' 'The story goes that the large French bank couldn't acquire financing and was on the brink of collapse. Whenever a depositor withdraws money from the bank, the bank needs to turn to other resources of financing o-r reduce its resources. Provided the anxiety about issues at several banks currently, banks have several financing options. Therefore, last week's stop-gap measure from the central banks is most likely likely to be short-lived. Things aren't much better on-the other side of the Atlantic. I see the US government debt increased $310 million in-the first 2 weeks of the financial year. That is roughly a $1.9 billion increase. Demonstrably most of these figures aren't lasting. Some thing has to provide once we view this slow movement train accident, and in my own notice could be more problems for that world's values as assurance in governments and central banks continues to deteriorate. For KWN visitors internationally, issues concerning the fall of the machine are extremely real since governments haven't yet come to grips with-the fact that their ability to use is restricted. History indicates that over-indebted nations usually ruin their currency. We could only make informed choices as it pertains to the future and in my own view actual gold and silver are-the appropriate position to be to weather this deteriorating storm.... Carry on reading the James Turk meeting below... 'Despite the fact that I've been saying it has been coming, the other day was certainly scary with the banking system prepared to fall under the pit. Inside it might have been a Lehman second had the banks perhaps not moved. Unfortunately they've perhaps not solved the issue, they've just acquired time and whether that time is one or fourteen days or perhaps a month, we shall soon discover.' When asked concerning the motion in gold and silver, Turk mentioned, 'Gold and silver usually have a slow time beginning at Christmas and advancing through the New Year Holiday. The restricted trading range and low quantities in both silver and gold allow it to be seem that perhaps the peaceful vacation time has started. None the less, it's very important to observe that both gold and silver are keeping well above their September levels. It's also very important to observe that silver and gold have experienced an upward tendency earlier this couple weeks. Therefore the main point here is we're very, very near to an breakout in both gold and silver. Silver needs to obvious $1,750, while gold needs to get above $33.25 o-r thereabouts. Once they clear those degrees, a good deal of money will enter those areas and come off the sidelines. And I've perhaps not changed my view that gold might more than double here within the next many months. There's that much power underneath the market.' http://kingworldnews.com/kingworldne..._Collapse.html