This Will Create Panic, Crush The Fed & Send Gold Soaring 21 August 2013, by Eric King (King World King)
“It’s all about the Fed and the removal of their bid, Eric. We were told for years and years that the foreigners had to buy U.S. debt, and (they) had no other choice. We learned a few days ago that in June they sold a record $40.8 billion of (U.S.) Treasuries, and that was an all-time record going back to 1977.
So even foreigners are now concerned about the final removal of the Fed’s bid, and massive manipulation of our interest rate yield curve spectrum.”
Eric King: “Michael, there has been some discussion on KWN recently about how this could be destabilizing for the entire financial system because of the derivatives exposure there.”
Pento: “Right, there are hundreds of trillions of dollars worth of interest rate derivatives around the world, and that’s just the beginning of the story....
Continue reading the Michael Pento interview below....
Comment
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Comment by Patriot Pete on August 22, 2013 at 7:21pm
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The world is still saturated with toxic Derivatives .... come on everyone, pay your mortgages, don't let the big banks go under a second time !
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Comment by truth on August 22, 2013 at 3:50pm
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Comment by Nobody Will Observe on August 22, 2013 at 3:23pm
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Michael Pento on KWN Thursday, August 22, 2013 - AUDIO
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/8...
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