European banks have added a massive amount of government bonds to their holdings. At the same time, they refuse to lend into the real economy. Europe's depositories are hardly alone as we see the same defensive behavior all over the global system. There is only one reason why they all have become so incredibly defensive. 

Eurodollar University's conversation w/Steve Van Metre

WEBINAR DEC 11 w/Jim Rickards
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Black Friday/Cyber Monday Sale at Eurodollar University
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