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“The wire reports on the Cyprus situation are working overtime to try to make the case that 80% of the deposits belong to the people of Cyprus, and only 20% of the deposits belong to the Russians.  That’s absolutely false.  After 1985, when the ‘Robber Barrons’ of Russia took over the general economics of Russia, that was the transformation from the KGB to private business.  The primary place for exported Russian funds was Cyprus. 


Now, there is one leader in the world that would be very dangerous to challenge and that is Putin of Russia....


Continue reading the Jim Sinclair interview below...




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“What’s just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian ‘black money.’  Russian ‘black money’ is KGB money, now in business.  The leader of Russia (Putin) was a former KGB official.  Whose money do you think they have taken?  This is the biggest mistake the IMF could possibly have ever made.”


Eric King:  “Jim, it’s unimaginable to me, but, incredibly, just ten days ago in a KWN interview you warned that you don’t want to anger Russian leader Putin because he and Russia will punish the West in the gold market.  Can you talk about how this is going to impact the gold market beginning on Monday?”


Sinclair:  “What would you rather have, an insured bank account by the BIS, FDIC, ECB, when any government can come in and take 10% of your account and treat that as if you are paying a tax for monies that were lost because of devious actions by the banks themselves, or gold?”


Eric King:  “Will the Russians take their revenge in the gold market?  Is that one of the places they will seek revenge?”


Sinclair:  “The answer is that this is one of the most important events in modern times for the popularity of holding gold rather than holding fiat money.  This is the catalyst that will propel gold through the $1,600 level.  To prevent a break above $1,600 in gold would take extraordinary efforts on the part of any manipulator in the marketplace.


It’s very dangerous in doing business with the Russians, to lose their money.  Revenge will be very much a part of the motivation for what happens from this point forward.  This type of event will take us out of the $1,500s and we may never see those prices again in our lifetimes.”


IMPORTANT - Jim Sinclair is holding a meeting in New York this coming Wednesday, March 20th at 2 PM EST.  For details and to sign up to attend this event CLICK HERE.


UPDATE - The incredible KWN audio interview with the former US Treasury official Dr. Paul Craig Roberts is available now and you can listen to it by CLICKING HERE.


© 2013 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 Eric Sprott, Dr. Paul Craig Roberts, Egon von Greyerz, Rob Arnott, James Turk, Jim Sinclair, John Embry, Gerald Celente, Rick Rule, Ben Davies and Andrew Maguire are available now.  Also, be sure to listen to the other recent KWN interviews which included Marc Faber, Felix Zulauf and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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