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Kaye:  “We are still at a point in history where all major nations are intensely trying to devalue their currencies.  This is a truly incredible situation, particularly with Western central banks having very little gold to continue their suppression scheme.  This is going to lead to a moonshot scenario for the price of both gold and silver....


Continue reading the William Kaye interview below...  




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“The culmination of this cycle will be different than in 1980.  In 1980, the fear and the panic were based on a fear of inflation.  There was a total lack of confidence in central banks and in the integrity of fiat currencies.  People were watching their savings being destroyed and it led to a buying panic in gold and silver.


When you contrast that time period to what the world is experiencing today, what you see is an overhang of deflationary forces, a glut in virtually everything that is manufactured, which has provided cover, so far, for the currency debasement policies of the central banks.


This time, the wholesale run out of currencies such as the U.S. dollar is going to be sparked by an absolute collapse of confidence in not only the currency itself, but equally important in the government itself that is responsible for its issuance.  The Federal Reserve is a private corporation, it’s not part of the U.S. government, but the government is responsible for outsourcing to this Federal Reserve monster the creation of U.S. dollars.


So the collapse will come because the public will not make that distinction.  Instead they will just see that the emperor is naked.  The panic out of the U.S. dollar will be coupled with a well-deserved collapse of confidence in the government as well. 


The coming collapse certainly appears scripted.  Is it coincidence or is it by design that the IMF (International Monetary Fund) has been working on a substitute for the U.S. dollar as the world’s reserve currency?  Regardless, the U.S. dollar is going to collapse -- it’s just a question of when.  I strongly believe that the collapse will be in the near-to-intermediate term.


The world just witnessed another all-time record yesterday for a one-day Christie’s art auction which totaled $745 million.  Well, who would you expect to move first considering that we are headed toward fiat currency destruction?  The answer is the wealthy and the super-elite -- the people with the most to lose if they have their savings in currencies.


So we would expect them to move aggressively out of fiat money first and that is clearly what is happening.  It doesn’t matter whether it is London or New York real estate, fine works of art, rare books, rare maps -- all of these things that can’t be reproduced are being aggressively bought up all over the world as the elite exit fiat money and the current banking and global financial system.”


IMPORTANT - KWN has many more interviews being released today.


© 2014 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 audio interviews with Bill Fleckenstein, Andrew Maguire, Eric Sprott, Art Cashin, Rick Rule, Dr. Paul Craig Roberts, Gerald Celente, Felix Zulauf, Michael Pento, James Turk, Victor Sperandeo, and Dr. Philipa Malmgren are available now. Other recent KWN interviews include Dr. Marc Faber and Jim Grant -- to listen CLICK HERE.


Eric King

KingWorldNews.com

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