Jim Rickards interview on King World News + An Exclusive Essay For King World News Blog

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/9/7_Jim_Rickards_-_Treasury_Bills__The_New_Opium.html


http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/7_Jim_Rickards__Part_II.html

King World News Interviews

http://www.kingworldnews.com

James Turk
Friday, August 27, 2010
James Turk is Chairman and Founder of Goldmoney.com - James has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking,...


KWN Weekly Metals Wrap
Friday, August 27, 2010
The KWN Weekly Metals Wrap - Covers the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold and silver market price action. In the KWN Weekly...

Ben Davies
Tuesday, August 24, 2010
Ben Davies is CEO of Hinde Capital - Rising Star Ben Davies gives a tremendous interview on the recent action in the gold & silver markets and gives KWN listeners a sneak peak of what he expects for...

John Williams
Friday, August 20, 2010
Walter J. "John" Williams - Founder of Shadow Government Statistics Newsletter and Specialized Economic Consulting Services: Analysis Behind and Beyond Government Economic Reporting. During his career...

Silver and gold explosive, Hinde Capital's Ben Davies tells King World News

Silver and gold explosive, Hinde Capital's Ben Davies tells King World News Submitted by cpowell on Wed, 2010-08-25 02:27. Section: Daily Dispatches 10:15p ET Tuesday, August 24, 2010
Dear Friend of GATA and Gold (and Silver):
Eric King of King World News today did a timely interview about gold and silver with Ben Davies, CEO of Hinde Capital in London. They discussed what Davies called the "fascinating" action in silver today, his expectation of price explosions this fall in both gold and silver, China's increasing leadership in the gold market, and the likelihood of currency devaluations, among other things. You can listen to the interview at the King World News Internet site here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/25_Ben_Davies.html

Eric King explains why King World News is needed these days watch!

http://digg.com/business_finance/Eric_King_explains_why_King_World_News_is_needed_these_days

Eric King explains why King World News is needed these days watch!
kingworldnews.com — Eric King ventures into a little commentary of his own, explaining why he had to create the King World News site: Largely to fill the journalism vacuum created by the disgraceful failure of the mainstream financial media. King's commentary is 10 minutes long (audio only).

JP Morgan cuts gold and silver shorts, maybe permanently, Ted Butler says on King World News

Submitted by cpowell on Sat, 2010-08-07 14:31. Section: Daily Dispatches
10:30a ET Saturday, August 7, 2010
Dear Friend of GATA and Gold (and Silver):
In his weekly interview with Eric King of King World News, silver market analyst Ted Butler reports that JPMorganChase, the big short in silver, has brought its position to the lowest level since May 2009 and has been reducing its short position in gold as well. Because of pending changes in law and regulation in the United States, Butler doubts that MorganChase will ever be shorting again as much as it once did. The Comex situation for gold and silver, Butler says, is now about 85 percent bullish. You can listen to the King World News interview with Butler here:
http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/8/7_Ted_Butler_on_the_Metals_Market.html

Eric Sprott Interview By King World News: Must Hear

Eric Sprott Interview By King World News: Must Hear
Submitted by Tyler Durden

King World News presents another great interview, this time with innovative hedge fund manager, and financial skeptic, Eric Sprott, best known recently for bringing an alternative to the GLD and SLV paper domination, with his innovative gold and silver physical ETFs. In the below interview, Sprott shares a wealth of insight into Keynesianism, on the staggering and rising debt load, on the collapse in every single economic metric and the imminent arrival of the double dip (sorry Apple fans, iPad sales are not a leading indicator; at best they serve as a delinquent mortgage tracker), on QE1 and the upcoming QE2. Sprott's view that "nobody has a solution here, nor should they have a solution here: I think we need to rid ourselves of the theory we need to keep adding debt all the time to keep growing." Sprott agrees with the Zero Hedge principle, that when dealing with broken Keynesian economics, you need to shock the system - "you need to hit bottom." As Sprott says: "You need to really shake the system in order for the system to change, and so far there has been absolutely no change in the system." And, of course, Sprott discusses gold, gold manipulation, and paper gold. 30 minutes of must hear observations.

Full interview can be found here.

Highlights from the King World News interview:

On the failure of Keynesian principles:

"One of the studies concluded that whereas we used to get something like 60 cents back on the dollar of government expenditures, today it’s negative 40 cents. So it’s pretty dismal when you think that everyone’s expectation is that this government’s going to bail us out, and as they are trying to bail us out, we’re actually losing ground because at the end of the year you still have the debt.”

On the inevitability of QE2 and on the $10 billion a week debt issuance clip:

“I’m debating whether QE2 is happening while we speak, because the Fed’s balance sheet continues to grow, even though they said they are going to stop buying most instruments at the end of March. But every week it keeps growing by $10 billion. I mean $10 billion a week is half a trillion dollars a year.”

On the economic double dip:

“You know we’ve had to go from obviously greenshoots, to what we’re looking at today is almost like cliff diving. And some of the data points are just so shockingly bad...Consumer confidence numbers...The rate of decline was just awful, the rate of decline was incredible...We have obviously hit the wall.”

On the ongoing collapse in the jobs market:

“Here we haven’t had any net employment increases and now we’re starting a waterfall down. So if we keep losing jobs and their are no policy tools left, how could anyone imagine that you turn it back up again.”



5.Your rating: None Average: 5 (3 votes)

James Turk on King World News July 10, 2010 Weimar Republic & The USA similarities

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/10_James_Turk.html

James Turk is Chairman and Founder of Goldmoney.com - James has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. In this interview James discusses Weimar Germany and the comparisons to the United States, the mistakes that Weimar Germany’s Havenstein made, and the similar mistakes Fed Chairman Bernanke is making. This is James Turk at his finest, and he takes listeners on a journey that ultimately hands them the keys to the inflation/deflation question.
Saturday, July 10, 2010
James Turk

Biography from GoldMoney.com
JAMES TURK - FOUNDER

James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.

Since 1987 James Turk has written The Freemarket Gold & Money Report, an investment newsletter that publishes twenty issues annually. He is the author of two books and several monographs and articles on money and banking. He is the co-author of The Coming Collapse of the Dollar (Doubleday, December 2004), which has been updated for a newly released paperback version, now entitled The Collapse of the Dollar.

Biography from fgmr.com

JAMES TURK - AUTHOR

James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. He began his business career with The Chase Manhattan Bank, with whom he worked for eleven years, principally in the International Department, which included assignments in Thailand, Hong Kong and the Philippines.

From 1980 to 1983, Mr. Turk was with RTB, Inc., the private investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the Middle East in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority. In this position, Mr. Turk was responsible for developing and implementing the investment strategies of that organization's portfolios of precious metals. Mr. Turk held this position until March 1987. Since then Mr. Turk has acted as Chief Executive of Greenfield Associates, a firm he established in 1985 to publish his work and to provide investment research and trading advice, principally to investment managers, hedge funds and commodity trading advisors in the United States and Europe. From 1995 to 1999 he was a Director of Lion Resource Management Ltd. of London, England, a firm which was the sub-advisor to the Midas Fund, a publicly listed mutual fund in the United States that invested in the equities of companies involved in the mining and exploration of precious metals.

Mr. Turk is the Founder of GoldMoney, a new electronic currency for use in ecommerce, which is the result of United States patents awarded to him in September 1997 and June 1999. Details are provided at goldmoney.com.

Since 1987 Mr. Turk has written the Freemarket Gold & Money Report, an investment newsletter that publishes twenty issues annually. He is the author of The Illusions of Prosperity (1985), SOCIAL SECURITY Lies, Myths and Reality (1992) and several monographs on money and banking. His articles have appeared in numerous financial publications. He frequently speaks at investment conferences on Gold, money, and the international banking system, and often appears as a featured guest on radio and television. His latest book, The Coming Collapse of the Dollar was published in December

GATA UPDATE!

Adrian Douglas: Is discovering the gold fraud worse than the fraud itself?
Submitted by cpowell on Sat, 2010-06-26 19:03. Section: Daily Dispatches
By Adrian Douglas
Saturday, June 26, 2010

Physical demand overpowering COT, Ted Butler tells Eric King
Submitted by cpowell on Sat, 2010-06-26 17:07. Section: Daily Dispatches
1p ET Saturday, June 26, 2010

Dear Friend of GATA and Gold (and Silver):

» read more | email this story

3 New Interviews from Eric King at King World News

Robin Griffiths: Cazenove Capital Management’s Private Wealth Strategist - Robin has 44 years investment experience and is considered to be one of the top strategists in the world. Robin developed his own system, analyzing stock and market trends. He is followed globally because of his ground breaking work on world stock markets, bonds, currencies and commodities. Cazevone as a group now manages nearly £15 billion on behalf of their client base and is one of the oldest and most respected names in the financial community, tracing its origins back to the 17th century.


James Turk: James is Chairman and Founder of Goldmoney.com - Since 1987 James Turk has written “The Freemarket Gold & Money Report,” an investment newsletter. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987.


Congressman Ron Paul & Dr. Rand Paul: Dr. Rand Paul is running for Senate in Kentucky this year. Following in the great tradition of his father, Rand is continuing the fight for honest and limited constitutional government, low taxes, free markets, a return to sound monetary policies based on a commodity-backed currency, abolishing the Fed, preserving our Republic and freedoms. Congressman Ron Paul of Texas is the originator of the audit the Fed bill and a champion of liberty in the United States. If there is a modern day version of our founding fathers it is Congressman Ron Paul as he has never voted for a bill unless it was consistent with the US Constitution.

Widening US Deficit To Collapse the Dollar - Eric King of King World News Blog

Looking at the year 2010 on the chart you can see a huge chasm between spending and revenue. Keep in mind that like most countries the US has two sets of books, so the situation is much more dire than the illustration. Let’s go with what the graph states for now and look past 2010 where we see the fantasy of increased revenue. Revenues will not increase, and when the economy has its next leg down there is a high likelihood of further decreases in revenue.

June 25, 2010
The above chart is a graphic image of the problem with the government forecasts. Spending increases dramatically and there is the underlying assumption that revenues will increase as well. This projection does not take into account the fact that we are in a depressionary cycle which is ready to have another leg down.

An already weak economy will become even weaker. This means less tax revenue, which flies in the face of government forecasts which call for an increase in revenue. As the chasm increases in size between spending and revenue, faith in the US dollar will evaporate. This will lead to a significant devaluation of the dollar, or an outright collapse.

Many developed countries face similar problems today and this is one of the major pillars of this secular bull market in gold. Make sure you have gold as your insurance policy. This means owning physical bullion, not paper promises.

Eric King

KingWorldNews.com

The Fed, Debt and Systemic Collapse of the US - Eric King's Blog + Another Great Interview from Eric King with both Ron & Rand Paul

Having a discussion about the Fed, massive debt and the systemic collapse of the United States with two of the most qualified individuals in US politics today cemented in my mind that we are in a depressionary cycle, and their is virtually no way out for a variety of reasons. This is why it is so important for readers to protect themselves and their families from the next wave down.
June 24, 2010

When asked about the media attacks against him Dr. Rand Paul responded, “They (the media) always try to do things like paint the Tea Party or me as extreme, and the way we respond is having a $2 trillion deficit like we do now, that’s really extreme. Having $400 billion in interest in one year, that’s extreme.”

Congressman Ron Paul stated when asked about the Audit the Fed Bill, “I think the Federal Reserve is going to be an issue for a long time to come until they clean up their act or we have a new monetary system.”

Rand also commented regarding the US debt, “You have a Federal Reserve Chairman Bernanke, and they usually don’t try to use very inflammatory language, but a week or two ago he said that the debt was unsustainable and that to me is a particularly strong word, unsustainable.”

Ron added to Rand’s thoughts on the debt, “He (Bernanke) points the finger at the Congress, but really it’s the combination of the politicians who love to spend and the Federal Reserve that accommodates.”

The Paul’s discussed a timetable for a systemic collapse of the US. They also noted that government officials have been listening to their own rhetoric regarding a recovery in asset prices, believing in a pipe dream.

Eric King

KingWorldNews.com

To hear the interview with Dr. Rand Paul and Congressman Ron Paul on King World News CLICK HERE.

Higher Taxes Guarantee A Depression Via Eric King's Blog on King World News

Eric King: Higher taxes are a trend around the globe in developed countries. The west is mired in an extremely harsh economic cycle, but politicians never learn. They love to tax, and when coffers run dry the solution is to tax more. When you are faced with this type of cycle, coupled with increased taxes you are guaranteed a depression.

By Andrew Atkinson

June 22 (Bloomberg) -- British Chancellor of the Exchequer George Osborne increased the value-added tax rate to 20 percent from 17.5 percent in the first permanent change to the levy on sales of goods and services in almost two decades.

“The years of debt and spending make this unavoidable,” Osborne told Parliament in London in his emergency budget today as he announced a package of spending cuts and tax increases to cut the U.K.’s record deficit.

The rate will increase from January and produce more than 13 billion pounds ($19 billion) a year of extra revenue by the end of this Parliament in 2015, Osborne said. “That is 13 billion pounds we don’t have to find from extra spending cuts or income-tax rises,” he said.

The VAT increase dwarfed other revenue-raising measures in a budget that sought to all but eliminate a deficit that reached 11 percent of gross domestic product last fiscal year.

The tax generates about 15 percent of total government revenue and retailers say the rise may dampen consumer spending as the economy emerges from its worst slump since World War II. CLICK HERE to continue reading this article from Bloomberg.

Jim Rickards - G-20 & Revaluation of Gold via Eric King's Blog on KingWorldNews.com

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/21_Jim_Rickards_-_G20_%26_Revaluation_of_Gold.html
What G20 will not discuss this weekend (but probably should)
By James G. Rickards

There's a growing sense that the current global economic "Plan A", i.e. substitute public debt for private debt and use fiscal stimulus to keep economies afloat until private demand kicks in, has failed. Not surprising to many of us; it was destined to fail, but now the reality of that is becoming undeniable so leaders are scrambling for Plan B. For the U.S., Plan B is to double-down on Plan A. Others are not so sure. One problem is timing. There are several Plan B's, but they all take 5-7 years to implement, e.g. yuan as reserve asset, SDR's as a new liquidity source, etc. The two-tier Euro plan is just another Plan B although it might possibly be implemented in 2-3 years rather than 5-7.

None of these plans is totally ridiculous, but they all suffer from the same weakness which is that they depend on continued faith in paper money in a world where that faith is rapidly eroding. So the meta-political question becomes: can one or more of these plans be implemented faster than the paper currencies collapse? My spot estimate is "no". The avalanche has already started; there is no way to push the snow back uphill; it's just a matter of time before the paper money village below gets buried. Plan A and the the system it represents will collapse before there's time for Plan B.

This brings us to Plan C of which there are several: (x) chaos, autarky, neomercantilism and heavy-duty protectionism; i.e. playing to win a negative sum game, (y) draconian policy responses including seizure, delegitimization and/or taxation of private gold and forced use of paper money, or (z) gold and commodity backed currencies and a gradual return to stability (albeit with a depression between here and there). Options (x) and (y) more or less speak for themselves. Option (z) is the most interesting because it involves a host of policy choices and political considerations such as: what is the non-deflationary price at which the gold standard should be reestablished (probably $5,000/oz or higher); and who gets to participate and at what levels, (and this is where the true weakness of players like China, India and Brazil comes into sharp relief). Russia is the most interesting case because although it has a relatively small GDP (less than 3% of world GDP) it is a natural resource powerhouse which could play with the big boys in a world of commodity backed currencies. Italy is another interesting case because it is a true gold power (over 2,400 tonnes) although it is frequently lumped in with the Club Med miscreants.

Given the dynamics and cross currents, a likely scenario consists of elements of all of the above. The U.S. and China will continue to lead the world to a new regime of dollars and yuan as reserve currencies and SDR's plus IMF leverage as the key instrument for increasing world liquidity and settling international payments imbalances. As the system breaks down anyway (because of private demand for gold due to lack of faith in official solutions) one political response will be protectionism (to appease local populations) and efforts at confiscation (to put the gold genie back in the bottle). At that point, and amid the chaos, one or more countries will "go for gold" on their own to preserve wealth and the purchasing power of export income; the most likely axis here is Germany-Russia with Austria, the Netherlands, France and possibly Italy joining in. The German-Russian axis is the most natural in the world because each has what the other needs; technology and manufacturing in the case of Germany and energy and other natural resources in the case of Russia. At that point, the U.S. may have to give up its alternative paper plans and join the gold rush leaving China heavily exposed to collapse because of its shortage of gold relative to GDP. It seems likely that China sees the same scenario which explains its own rush to gold, albeit mostly from captive domestic production in the short run.

The end result is a chaotic, ad hoc, but nevertheless eventual return to a global gold standard. It would be far better for G20 to set up the processes, study groups and other mechanisms to make this an organized and efficient transition. That is the one thing I do not expect to happen this weekend.

Follow Jim Rickards on Twitter at twitter.com/JamesGRickards

KingWorldNews.com

To hear the recent in-depth interview with Jim Rickards on King World News CLICK HERE.

New monetary system may use gold at much higher price, Tocqueville's Hathaway says on Eric King's King World News

Interviewed last week by Eric King of King World News, Tocqueville gold fund manager John Hathaway said that he sees little excitement about gold's rise, that he expects "extraordinary" action in gold mining shares, that the current monetary system is coming to an end and that the next one is likely to incorporate gold at a much higher valuation, and that many gold mining company acquisitions seem to be in the works.

Hathaway's fund has gained more than 70 percent over the last year, vastly outpacing the XAU and HUI gold indexes:

CLICK HERE

You can find the Hathaway interview at the King World News Internet site here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/19_John_Hathaway.html

Ted Butler's Exclusive Interview on the Precious Metals Weekly Wrap Up on King World News June 18, 2010 interview by Eric King

http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/6/19_Ted_Butler_on_the_Metals_Market.html

Ted is interviewed each week exclusively on KWN and is followed by many institutions including Sprott Asset Management. Whistleblower Andrew Maguire who has been following Ted’s writings for years credited Ted Butler as being the inspiration for coming forward to the CFTC with his complaint against JP Morgan’s alleged metals market manipulation. Ted has researched the commodity markets actively for three decades and is internationally well known for his writings on silver, gold, commodities and his COT (commitment of traders) report.

CLICK HERE for a written explanation of the COT (Commitment of Traders) report.

"Ted Butler has done more to bring the Commitment of Traders issue to everyone interested in this aspect of the metals market than anyone I know! Additionally, Ted has tirelessly used his expertise in reading and clarifying the COT to help others interested in this matter to better understand and appreciate its significance." David Morgan Silver-Investor.com

King World News Blog Update "You will have no protection from reckless politicians except through the ownership of gold." - Eric King

Germany’s “Deflation Policies” Angers Italy
June 17, 2010

Southern Europe appears angry over being forced to act in a fiscally responsible manner. It also appears they are going to use the threat of leaving the EU as a negotiating tool: A group of 100 Italian economists has written an open letter warning that the EU austerity policies being imposed on Southern Europe may tip the region into a downward spiral, risking the disintegration of the monetary union.
June 17, 2010

From the Ambrose Evans Pritchard article:

The `politics of sacrifice' in Italy and in Europe run the risk of accentuating the crisis in the end, causing a faster rise in unemployment and company failures, and could at a certain point compel some countries to leave monetary union. We must have an immediate debate on the extremely grave errors in economic policies now being committed," the economists said.

The letter, which has echoes of a famous letter to The Times by 360 economists denouncing the Thatcher cuts in the early 1980s, was drafted by a network of Left-leaning Keynesian economists and published by Il Sole.

The letter accused the EU authorities and leading governments of being out of step with modern economic thinking, marking the first clear revolt by parts of the eurozone's intellectual elite against EMU orthodoxies and especially against the "deflationary economic policies" being imposed by Germany.

The group said states might choose to leave EMU in order to end job destruction.

"Some countries will be pushed out of the eurozone, others will break away to free themselves from a deflationary spiral."

These countries do not want fiscal responsibility or accountability. They want to print money and they are ticked off they can’t do that because they have the Euro as their currency.

You will have no protection from reckless politicians except through the ownership of gold. Do not worry about fluctuations in price. These same politicians will guarantee a mania in gold, it is your insurance, and remember never own paper gold.

Eric King

KingWorldNews.com

To read the entire Ambrose Evans Pritchard piece CLICK HERE.

Eric King of King World News interviews Jim Rickards

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/14_Jim_Rickards.html

In this interview Jim Rickards of Omnis Inc. discusses his recent meetings at the US Treasury and the FDIC, the fact that we are headed towards a one world currency and bank, that the G-20 and IMF do not want it to be backed by gold, that he thinks any green shoots will be stomped on immediately and much more.

JIM RICKARDS DISCOVERS IMF DOCUMENT UPDATE June 15, 2010 Eric King from King World News Blog
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/15_Jim_Rickards_-_Discovers_IMF_Document.html


The IMF distributed a document late on a Friday when its representatives thought no one would catch it. Leave it to Jim Rickards of Omnis Inc. to track it down. The IMF document discusses the gold standard and gold’s role as a monetary unit. Jim discussed the importance of this in our interview released yesterday and below is a link of the IMF document he located.
June 15, 2010

From the opening of the IMF Document:

“Under the Gold Standard, the major national currencies were freely convertible to gold at a fixed exchange rate, with adjustment largely undertaken through flexible prices, wages and income. This system survived up to the outbreak of the First World War, and while it was subsequently re-established in a modified form following a painful period of post-war disinflation, the economic and political strains of the Great Depression led to the system’s ultimate collapse in the 1930s.”

They left out the fact that the Federal Reserve was created one year prior to the outbreak of World War I and it helped to fuel the credit boom which caused so many dislocations and human suffering.

Putting that aside for a moment because that is a discussion for another day, the very fact that an IMF document was discussing a history of gold in such detail as this one does surprised me. There is much more in the IMF piece, but let’s move on to Jim Rickards thoughts from his interview:

“But the alternative is to find another engine, another liquidity pump if you will, and that’s clearly what the G-20 leadership would like to do, and their sort of chosen candidate are the SDR’s, and their chosen vehicle is the IMF. So basically the IMF putting out SDR’s, will over time displace the Fed printing dollars as the engine of world trade, world liquidity and world growth.”

“So, that can’t happen overnight, that is a momentous shift. It’s going to require a lot of consensus building among the G-20 members. So what they do is they put these papers out, get the dialogue going and get it on the agenda, talk about it, get people kind of used to it. The average citizen has kind of no idea, it’s not that their dumb it’s just that they’re not necessarily informed or trained in this fairly technical area, and so it’s the kind of thing the elites can pull off without a lot of accountability and they are definitely headed in that direction.”

Jim’s interview covers tremendous ground. It is linked above.

Eric King

KingWorldNews.com

To read the IMF document CLICK HERE.