On the heels of another massive QE announcement being pumped into the financial system, today Jim Sinclair told King World News the entire Western world is on fire. Sinclair also cautioned that there will be hell to pay for the reckless behavior the central banks have now laid out before us. 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 in this interview.
Eric King: “Jim, we’ve just had the announcement of further QE, what are the dangers here?”
Sinclair: “The entire world is on fire and most people don’t even realize it. The world is literally ablaze with the creation of money, and there will be hell to pay for what is taking place right now. The monetary policy of Japan has now spread out from Japan to Europe and will eventually infect the entire globe.
Markets now give the appearance of having no rules. This is a world that, for the time being, seems to have repealed the normal law of consequences, but I can assure you this will end in tears….