Courtesy of www.KingWorldNews.com
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.
He has the stage to stand upon, the qualifications to comment, the knowledge, without any doubt, of exactly how that department works, and that’s what he outlined to us in those first two written interviews this weekend.”
Eric King: “He spoke about the banks moving to enslave humanity, and he said the Cypriots had to do whatever it took to put a stop to this.”
Sinclair: “He sees the fact that this is a confiscation. He knows that the entire living system of the financial world is based on bank deposits….