Today billionaire Eric Sprott warned King World News that as entities are being wiped out overnight, Western central banks are nearing the point of total surrender. This interview takes a trip down the rabbit hole of desperate central banks coming to the realization that it’s nearly game over.
Eric Sprott: “I find it very ironic that the most volatile asset class these days is currencies. This seems very strange with global stock markets just treading water here. Yet we have currencies that are flailing all over the place, including the euro, yen, ruble, and the Canadian dollar. It strikes me that we are living in a very bizarre financial world as the currency wars continue to rage with various governments and central banks.
Eric, I’ve always wondered, how do we deal with this one quadrillion dollars of derivatives? These are tied to various instruments, including currencies. We already saw what happened when the Swiss franc was revalued and companies went broke overnight…
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