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Jim C.
Member since May 2012
463 commentaries - 3 followers

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has posted a comment on the article :

Cyprus being used to scare savers into spending, Sinclair says - Chris Powell - GATA

Good article by Sinclair, but I think he gives the powers that be too much credit for unanimity. The cash withdrawn could just as easily go into gold or silver -- or just remain 'under the mattress.' Why would those powers let the chickens out of the coop?

Something omnious is coming round the bend, some bogeyman -- whose shape and purpose is yet to be determined.

Commented 4046 days ago

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Beginning of the headline :Mining entrepreneur and gold trader Jim Sinclair tells King World News today that the taxing or confiscation of larger bank deposits in Cyprus is being used to scare savers to move their money into the real economy to increase the velocity of money and reverse deflation. An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/27_Si... Read More

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