Today legendary trader Jim Sinclair told King World News that the elites plan to use the coming financial chaos and destruction to control the masses. Sinclair spoke about the “Great Unwind,” what this means for gold, and how investors can protect themselves from what is in front of us. 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 in this remarkable interview.
Sinclair: “The enormous violence in the markets is obscuring a very clear message. The message from Cyprus, that has also been written in various white papers and signed by central banks, the FDIC, Bank of England, and the BIS, is to get out of the system.
What happens to readers around the world is of primary importance to King World News and to myself. The meetings that I have already had, and future meetings still to take place around the world, have been for the purpose of keeping investors from having large portions of their wealth destroyed or stolen from them.
People have to understand that going forward large deposits by ‘non-insiders’ are no longer going to be permitted. The goal of this pre-arranged wealth destruction is to equalize the ‘new rich’ and the ‘upper middle-class.’ Those not on the inside, with the right families and the right companies, are not going to be tolerated in the ‘New Paradigm’ of currency and metal that we are now moving into.
So the only means of being able to protect yourself will be to understand the answer to the question, ‘What is the final end game for the most powerful families that are in fact running countries and markets?’….
“Take into consideration that the recent and violent drop in the gold price, especially if followed by an equally violent recovery, was primarily for the transfer of physical gold from financial and other entities to the families that are running the Western governments and financial world.
In my opinion that’s exactly what has just happened. A very strong and immediate recovery, that is sustained, makes the message clear that gold is an ingredient for these wealthy families to maintain their wealth and power, not simply over a generation, but over multiple generations.
We are coming very close to a point where the manufacturing of unprecedented amounts of fiat currency has to have a global impact. You simply can’t increase the amount of currency as violently as what been done without having to face the consequences, one of which is the collapse of the purchasing power of those fiat currencies.
The massive and ongoing currency war the world has been witnessing may come to a head much sooner than any of us realize. So investors must have an understanding of how the system will be preserved, and eventually reset, in order to survive the coming wealth destruction.