Today a former White House official and Plunge Protection Team member spoke with King World News about the European countries repatriating their gold from the U.S. Federal Reserve. Former presidential adviser and member of the U.S. President's Working Group on Financial Markets, Dr. Philippa Malmgren, also discussed why this is so incredibly important at this key moment in history.
Eric King: “Obviously if you and I were in Russia and we bought (substantial holdings of) gold, we didn’t experience the collapse of the currency the way that others did in terms of our savings, did we?”
Dr. Malmgren: “Gold is such an interesting topic right now for so many reasons. It’s been in the news lately that a number of European governments from Germany to the Netherlands have requested that the Federal Reserve repatriate some of the physical gold that was being held on their behalf in New York….
Continue reading the Dr. Philippa Malmgren interview below…
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“Historically the reason for that was these countries worried that Russia was a geopolitical strategic security threat and they should place their hard-earned savings in a safe place. It’s ironic now where Russia has reemerged as an important strategic security risk to the members of NATO in Western Europe, and yet the choice by many of these governments is to say, ‘You know what, I would still rather have it (the gold) at home than trust the U.S. Federal Reserve.’ So it is fascinating this is happening at this moment in history.” KWN has now released the incredible Dr. Philippa Malmgren audio interview which discusses the war that is raging between the United States, Russia and China, stunning 2015 predictions, the war in the gold market and much more. This is one of Dr. Malmgren's most important audio interviews and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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The audio interviews with David Stockman, Dr. Philippa Malmgren, Egon von Greyerz, Dr. Paul Craig Roberts, Stephen Leeb, Andrew Maguire, John Embry, Gerald Celente, Rick Rule, Bill Fleckenstein, Ben Davies, William Kaye, Rick Santelli, John Mauldin and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf — to listen CLICK HERE.
