© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
KWN Blog

Nigel Farage continues:

“There is all sorts of twisting and turning going on with the Spanish saying, ‘Please save our banks, but don’t put us under the austerity measures that you’ve put the other countries under.’ 

If one looks globally, we’ve got people like David Cameron, and importantly, President Obama, who are basically saying, ‘The euro project must be saved.  It must be saved at all costs.’ ....

Continue reading the Nigel Farage interview below...  


To hear the man with over 40 years of experience in the resource

markets and how he is positioning his clients to weather

the current financial storm click on the logo:

“For that to happen the Eurozone has to turn into a state, and a state that effectively has a Fed.

The Germans are saying, “Hang on guys, we don’t really want to take on the debt for the whole of ‘Club Mediterranean’ countries.”  There’s been a meeting in Berlin today, and Angela Merkel has, for the first time, said that she’s prepared to countenance this becoming a full fiscal and political union, but it has to be constructed on German terms.

So it would appear that despite the fact that the eurozone is a disaster, despite the fact that nobody is prepared to recognize just what a mess our banks are in, despite all of this, our political classes in Europe and America are prepared to continue this project of total failure. 

If we continue with this route, we are heading for money printing on a scale that has never been seen before in the history of mankind.  Clearly, as history teaches us, that will lead to massive inflation, and huge asset depreciation.”

Farage also added:  “All I can tell you is when I look into the eyes of the leaders of Europe, and as a leader of a group in the European Parliament I do get eyeball to eyeball with them, when I look into the eyes of these people, frankly what I’m seeing now is madness, absolute, total and utter madness.

The project, the idea is what must be protected and to hell with the consequences.  I really believe that when we look back in decades or centuries to come, we will see what is happening now in the eurozone as something of huge historical significance.

People will say to themselves in classrooms, in a couple of hundred years time, ‘How could they have been so stupid?’”

Farage also had this to say regarding gold:  “I think we are at that level where people who have waited to add to their gold portfolios should be adding now.  You may well get a situation where if they do pull off some grand deal that gold falls ... but we are now back in the buying zone for gold.

I always felt, and I’ve said for some months on your show, that I thought gold would come back (down), and indeed it has.  I think investors that are scared of what may happen to paper money, you’d have to be very complacent not to be, we are in a buying territory for gold now in my view.”

The KWN interview with Nigel Farage is available now and you can listen to it by CLICKING HERE.

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

The interviews with Michael Pento and Dr. Stephen Leeb are available now.  Also, be sure to listen to this week’s line-up of other KWN interviews which include Don Coxe ($538 billion BMO), Art Cashin ($612 billion UBS), Rob Arnott ($100 billion RALLC), Newmont CEO Richard O’Brien, John Hathaway and James Turk by CLICKING HERE.

Eric King

To return to BLOG click here.