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International currency war may be looming as central banks struggle to stay solvent

Glenn Beck

Chris Martenson, founder of  Peak Prosperity, joins The Glenn Beck Radio Program to reflect on what is happening to central banks around the world as trade deficits rise and populist movements gain steam across Europe. Chris describes how the failed Constitutional referendum in Italy is a sign of looming financial instability worldwide.

"When something can't be paid back, it won't be," Chris explains. "And so the banks are always trying to figure out how they don't get to eat the losses. They're always looking for a bailout of some form, or in this case in Europe now a bail-in. But somebody's gonna have to take the losses."

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