Sunday, March 11, 2012

Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

"Very simply, the number is not $3.5 billion. It’s some part of $37 trillion. The emergency swaps from the Fed could total in the trillions of dollars. This is based on my strong belief that the figure of $3.5 billion is not accurate.

The implications of this, if it comes to pass, are a second rescue of approximately eight international banks. Central planners would attempt to totally camouflage this and it would only be readable by tracking swaps from the Fed because the Fed is the lender of last resort.

This type of event would be the ‘meat’ by which Alf Fields would be proven right on his $4,500 projection for gold..."

- Read the full interview at King World News here: