Today Jim Sinclair spoke with King World News about the tremendous importance of the operation the central planners are executing in key markets right now. He also told KWN that the current financial system is designed to fail, ahead of the introduction of a new world currency. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say.
Eric King: “If you are in the shoes of the central planners here, Jim, what are you executing today and why are you executing this? For what purpose?”
Sinclair: “I want the general financial public to accept ‘bail-ins’ as a valid method of approaching further banking problems, which I want to the public to believe will not occur. In order to accomplish that, those items which trigger an alarm must be muted.
We live in an alarm-less society. Since Bretton Woods we’ve removed every single economic crisis alarm in currency, bond, and in fact all of our key markets….