Eric King: “Nigel, the irresponsible spending, the money printing all over the world — of course for Swiss citizens who were positioned in the euro, they saw a collapse of their purchasing power overnight. It literally terrified some of the people in Switzerland who were positioned in the euro (or euro instruments). This seems to be happening to a lot of currencies where we are seeing a collapse. We saw this with the ruble and elsewhere around the world. Is this going to be happening with all these fiat currencies?”
Farage: “I think it probably will because we’ve lost any sense of what sound money is. And people who think that the long-term solutions to these problems is masses of quantitative easing and money printing are completely living in a fool’s paradise.
We are not headed to a very good place. I try to be more of an optimist than a pessimist, and I try to think that at some point we will come to our collective senses and realize that we are living way beyond our means, but the warnings of history are all out there, aren’t they? We’ve seen it all before. We’ve seen great nations become impoverished nations. And if we are not very careful, there are several candidates in the West that might go that way.”
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