Today Jim Sinclair spoke with King World News about what he believes will create the “Mother of all financial crises.” He also discussed the coming collapse and the desperate government intervention taking place in key markets. 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.
Sinclair: “The Plunge Protection Team (PPT) is not a speculation. There is a group of advisors to the White House which deals with markets. They also gather when markets are in extreme conditions. So to be clear, there is an organization which is designed to intervene in the markets.
The problem now is they are manipulating every market on the planet. So you had this group which was created to stabilize during extreme conditions that has now decided their job is to run all of the markets of the world….