Wells Fargo is cancelling personal lines of credit. Is the Credit Bubble popping? How will this affect Silver & Gold? Will this create inflation or deflation? David Morgan & The Economic Ninja join us to explain what is happening.
The big question on the minds of people is whether or not this is the first of many credit contractions from the big banks, or if this is an isolated Wells Fargo issue. Where will all of those customers go to establish a new line of credit to replace the one they are losing at Wells Fargo? Will other banks be so eager to issue new credit lines to locked out Wells Fargo customers?