Former White House Official – Western Default, China & Gold

Friday, April 18, 2014
By Paul Martin
April 18, 2014

Today King World News interviewed the former White House official who was Special Assistant to the President of the United States for Economic Policy and a former member of the U.S. President’s Working Group on Financial Markets, also known as the Plunge Protection Team, or PPT. While in the White House, Dr. Philippa “Pippa” Malmgren served as financial market advisor in the White House and functioned as the direct liaison between the White House and the Federal Reserve.

Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, and was also Chief Currency Strategist for Bankers Trust Company, and former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.

Eric King: “The last time we spoke you discussed gold (when the gold price was being crushed in mid-2013). The gold market, they (central planners) have had a lockdown on gold. You talked about the governments coming in and doing that from time-to-time. At one point (in your previous interview) you were talking about the government manipulation in gold and you said:

“There are times when the presence of extremely large players, like governments, will move the price

way more than normal. You just have to whisper at it (the price of gold), and you can move

it big time. Are governments good at that? Yes, they are good at that.”

The Rest…HERE

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