Bill Holter of MilesFranklin.com contends the banking system is interconnected and very weak and explains his point by saying, “Look at what happened when the Swiss dropped their peg to the euro. That basically has tanked the Austrian banking system. The Austrian banking system is on the verge of collapse because they lent in Swiss Francs. The strength in the Swiss Franc makes those loans much more difficult to pay back. That’s thrown the entire (Austrian) banking system out of kilter. If you do that with the dollar and you raise rates, and the dollar gets strong or spikes up 5% or 10% overnight, what’s that going to do to banks all over the world? That’s going to create a smoking black hole of derivatives.”
Meet Miles Franklin investment advisors, attend a Q & A session or join us at an upcoming conference.
Vancouver Resource Investment Conference
Start date: January 22, 2017
End date: January 23, 2017
Location: Vancouver Convention Centre West 1055 Canada Place Vancouver, BC, V6C 0C3 Canada
Miles Franklin has been invited to participate in Cambridge House International Inc. and Katusa Research’s 2017 Vancouver Resource Investment Conference which is the world’s largest resource investment conference dedicated to resource exploration and precious metals. Andy Schectman will be addressing the general session, holding an educational workshop and has been chosen to participate in a Precious Metals Panel with other industry experts. This is a must-attend for investors and stakeholders in the global precious metals industry.
Please call our offices for more information.
Sprott Natural Resource Symposium
Start date: July 25, 2017
End date: July 28, 2017
Location: The Fairmont Hotel Vancouver 900 W Georgia St, Vancouver, BC V6C 2W6, Canada
Please join us at this premier conference with top-rated experts from mining companies, resource stocks, and precious metals. Andy Schectman will be addressing the general session and hold a special workshop.
Please call our office for more details.