Pat: Jim Sinclair interview with Greg Hunter at USAwatchdog - "The Great Reset began yesterday (8/25)"
This whole interview is excellent and there is much more than in the description below. At the 32 min. mark Jim Sinclair says the Great Reset began yesterday!!!
Plunge Protection Team Losing Control of Markets-Jim Sinclair
By Greg Hunter’s USAWatchdog.com
Legendary gold expert Jim Sinclair says what is going on right now in the stock market is just the warm-up act. Sinclair contends, “This is a pre-crash, and we are not making it through September without the real thing.
Everybody is on credit. Main Street is on credit. This seems to be a bubble of historical proportion when it comes to the amount of money supporting the accepted lifestyles as being the new normal. Raising interest rates is impossible today. The market is so fragile.
Nothing can come out that causes people any concern or derivatives any change, nothing whatsoever. We are going through a period of time where expecting nothing meaningful is a dream. These are times never experienced in financial history. . . .It is very possible that we are going to have a super civilization change. ”
The US Plunge Protection Team is losing control of the markets, and Sinclair warns, “They got the ****ens scared out of them. They actually backed off providing the funds necessary. . . . That’s your warning.
The warning is markets can overrun plunge protection teams. Markets can and will overrun the manipulation of metals and currencies. The market will overrun the false strength in the US dollar.
The idea that a lift in interest rates would be beneficial to the dollar is absolutely incorrect. We do know the limits of the Plunge Protection Team, and we do know the omnipotent power of the Fed is a total fallacy.”
On gold, Sinclair says, “I didn’t call the top in gold in 1980 because of any kind of a system. I was told, I acted on what I was told.”
His sources are talking again, and Sinclair says he was told: “Number one, the downside on gold is extraordinarily limited here. Two, the rally we are facing that will come in gold is going to be stupendous. Three, they tell me we may never call you back because this may be the rally you don’t sell.
This may be the rally you don’t sell because gold is moving from a currency form to a valuation form. . . . This may be the last time we call you means this is a rally that is not meant to be sold. What is coming up in front of us is the Great Reset where currencies wear their gold like ladies wear a necklace, and the most beautiful necklace will be the strongest currency. The ladies without the necklace won’t be invited to the ball.
Huge changes are coming. The dollar is always going to be with us, and the yuan and all of the currencies are still going to be there. We are not going to one single currency. The SDR (Special Drawing Rights) is nothing more than a glorified index of currencies. It’s a cure to nothing. How can a package of junk cure the problem of junk? It can’t. The two last men standing will be gold and gold on steroids—silver.”
Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . .
There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . .
This is when gold is going to levels that today are considered more mental illness than monetary analysis. Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”
Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair of JSMineset.com.
(There is much more in the video interview.)
Millionday: NOTE -- READ EVERY WORD >>>>> Finance Minister Hoshyar Zebari with the Special Representative of the Secretary General of the United Nations, Tuesday, procedures to overcome the financial crisis and opening up to the global financial markets.
Millionday: NOTE -- THEY ARE MOVING FORWARD WITH THE DINAR BACKED BONDS --- HUGE HUGE NEWS – OBVIOUSLY RELIANT ON AN INTERNATIONALL RECOGNIZED CURRENCY OR THEY ARE NOT WARKING TOWARDS THE SUPPORT THIS WOULD LEND TO THE VALUE OF THE LOCAL CURRENCY -- DINAR
Emailed to Recaps
Thanks Bulldog75 for sending these to us:
Bulldog75: Are Yuan Speculators Moving Out of Yuan And Into Gold?
August 25, 2015
Bulldog75: "Gold and Silver Will Be Your Only Lifeboats” Warns Jim Sinclair
on August 25, 2015 by Doc