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Cyprus, Gold, Russia & A New Monetary System

from KingWorldNews:

Today legendary trader Jim Sinclair spoke with King World News about the disaster in Cyprus, the timetable for a new monetary system, Russian chess moves, and what to expect from gold. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.

Eric King: “The comments from former US Treasury Official Dr. Paul Craig Roberts, what he had to say in a series of interviews this weekend on KWN, I wondered what your thoughts were as you read those?”

Sinclair: “I enjoyed those very much because there is no question that this man is an expert on how things work at the Treasury. And we know nothing changes very much in the way a department is operated.

Jim Sinclair continues @

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1 comment to Cyprus, Gold, Russia & A New Monetary System

  • Upstart

    What?!, Jim says what?: ‘But decisions made in Cyprus now will set a course that will take us to the chaos of 2015 to 2017, and to a restructuring of the monetary system in 2020.’

    We will be very lucky indeed if we dont see the chaos stage by year end, holding it back to 2015-2017 is just wishful thinking.

    A restructuring of the monetary system in 2020? Really? Take a look around – the money system is already being restructured, indeed a whole new monetary system is already being prepared.

    Western finances are already falling apart and the rule of law is fast going the way of the dodo. I feel we will be very lucky indeed if we get as far as christmas this year without a catastrophic failure of the banking system. When it fails I hope it fails in summer, a winter failure will be deadly beyond belief.

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