Tuesday, April 23, 2013

Maguire – Elaborates On The LBMA Default & Ensuing Panic

kingworldnews.com / April 22, 2013
Today whistleblower Andrew Maguire spoke with King World News, providing even more details by elaborating on the events surrounding the LBMA default.  Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also told KWN about the ensuing panic which has taken place in the aftermath of the LBMA default.  Maguire described entities as “panicking.”  Below is what Maguire had to say in part II of his remarkable and exclusive interview.
Eric King:  “Inside that piece (“The Secret World of Gold”) you talked about gold leasing and the mechanics of that.  Jim Sinclair wanted me to bring that up to you, the gold leasing, the mechanics of it, can you talk about that?”
Maguire:  “We did a piece on King World News about it, about the LBMA bullion bank default.  Stepping back, how did they get to such a mismatched (trading) position where they had so little gold and silver in their inventory to be able to back up people coming and asking for their gold and silver?  They never anticipated that this would happen….
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