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Fed Cannot Solve Banking Crisis

The banking crisis has gotten bigger. First Republic collapsed over the weekend. "The problem has gotten bigger and more difficult to manage. This time I'm not sure the Federal Reserve will be able to mitigate the vastness of a banking crisis and a currency crisis," says David Morgan, founder of The Morgan Report. "Trust is breaking down." He expects more funds will move into the precious metal sector. However, metals are risen dramatically recently and he expects a short-term pullback.

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