After a week of historic drama that was kicked off when the Swiss central bank surprised market participants by dropping their currency peg to the euro, today a former White House official warned King World News that things are about to get even worse as another derivatives nightmare is about to shock the world.
On the heels of today’s surprise German Bundesbank announcement that Germany allegedly repatriated 120 tonnes of gold back from the U.S. and Paris, today a 50-year veteran spoke with King World News about the shocking reason why the Netherlands, Germany, and Belgium are bringing their gold back home. He also discussed the mini-crash in China and the extraordinary move by the Swiss central bank last week.
With the announcement today by the Bundesbank that the German’s have allegedly repatriated 120 tonnes of their gold held abroad in the United States and Paris, serious questions have immediately begun to emerge about the shady way this co-called repatriatration has taken place. This piece takes a trip down the rabbit hole of today’s shady Bundesbank announcement.
Today a former White House official and Plunge Protection Team member warned King World News that Europe is now in danger of mega-bank runs that will destabilize the entire global financial system. Former presidential adviser and member of the U.S. President’s Working Group on Financial Markets, Dr. Philippa Malmgren, also discussed why the bank runs may spread across the Atlantic to the United States, eventually engulfing the entire world in chaos.
After a wild week of trading that saw chaos erupt in Europe and the price of gold and silver soar, the Godfather of newsletter writers, 90-year old Richard Russell, warned that great deflationary forces are now overpowering central banks and the world is going to see gold-backed currencies once again.
On the heels of another wild trading week in world markets, today one of the top economists in the world sent King World News an incredibly powerful piece about the death of free markets as deflation engulfs the world. Below is the fantastic piece from Michael Pento.
After a wild week with gold and silver markets soaring and major turmoil in markets in Europe and the across the globe, one of the great minds in the business sent King World News a timely piece that takes a look at what’s next after what quickly turned into a week of terror, desperation and total chaos.
On the heels of tremendous chaos erupting in Europe and around the world this week, today world famous MEP Nigel Farage spoke with King World News about the greatest danger facing the world today. The celebrated British leader and former 20 year veteran of the LBMA market also discussed his thoughts on the war in the gold market.
As the Western world is still counting the number of financial firm casualties in the aftermath of yesterday’s Swiss fiasco, an even greater concern is facing the West. Today former U.S. Treasury official, Dr. Paul Craig Roberts, warned that “Putin can destroy NATO and the entire Western financial system.” He also covers the collapse facing the West and particularly the United States.
With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday’s Swiss fiasco is leading to a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic.