King World News – March 14 – March 19
March 14 interview with Jim Sinclair and Egon von Greyerz
von Greyerz: “Debt is going up everywhere. Central banks are printing unlimited amounts. They’ve gone from $2 trillion to $12 trillion if you take all of the central banks’ balance sheets in the last 10 years. $10 trillion has been created by central banks.
Government borrowing is growing in all major economies. Not only is government debt exploding, but in the US there is the illusion that corporate balance sheets are very strong. Well, as a matter of fact US corporate debt is at an all-time high. It’s at 80% of GDP.
That’s the highest ever…..”
Listen to the audio interview with EvG HERE…
Sinclair: “Gold is about to take out $1,600.” We may never see that $1,600 level ever again.”
Note that the above interviews came in just before ‘Cyprus week’ started. Cyprus merely confirms what we have been saying for many years and Jim Sinclair, following the Troika on Cyprus bailout news, made some very interesting comments from experience and understanding of markets in a series of interviews with Eric King which you can read HERE…(March 16-One Of The Most Important Events In History & Gold) and
HERE…(March 19-Cyprus Disaster Is Much Bigger Than Being Reported)