Simple, observable facts lead the prudent saver and bank customer to be wary of the status of the European banking system.

European QE has failed and, according to the ECB’s own data, has never, ever been successful. Look at this chart below. No matter how much the ECB has cranked up balance sheet purchases, lending to non-financial companies has never, ever materially benefitted.It gets worse, as explained in the video below. This Halloween, if you really want to look spooky, go dressed as a European bank depositor!

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