Sprott Asset Management's John Embry: If We Repeat 2008, Stocks Could Fall 40% From Here

Sprott Asset Management's John Embry today tells King World News that the nationalization of Dexia shows that the European banking system is toast, that trillions more of fiat currency are on their way to bail out the rest of the insolvent world, that all markets are being manipulated now, and that gold and silver investors should not be demoralized out of their positions. You can find an excerpt from the interview at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/12_E...