Ministry of [Un]Truth

Ministry of [Un]Truth

We are compelled to review the facts: Europe is currently experiencing severe bank runs, budgets in every western country on the planet are out of control, the banking system is running excessive leverage and risk, the costs of servicing the ever-increasing amounts of government debt are rising rapidly, and the economies of Europe, Asia and the US are slowing down or are in full contraction. There’s no sugar coating it and we have to stop listening to politicians and central planners who continue to downplay, obfuscate and flat out lie about the current economic reality. Stop listening to them.

Eric Sprott of Sprott Asset Management

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