Sinclair – All Hell Is Breaking Loose After Cyprus Catastrophe
March 18, 2013
Today legendary trader Jim Sinclair told King World News that all hell is breaking loose after the Cyprus catastrophe. Sinclair, who’s father was business partners with another legendary trader, Jesse Livermore, had this to say in this extraordinary and exclusive KWN interview:
Eric King: “Jim, your comments over the weekend on King World News regarding the Cyprus disaster have electrified the world. But it also seems to have frightened a great many people.”
Sinclair: “Well, it should have frightened many of the players involved, and served as a wake-up call. There was a great miscalculation made with regards to Cyprus, and the situation has quickly turned into a catastrophe. There was no real understanding of the entities that were behind the Russian corporations which have money in Cyprus, and the effect of what is in reality the confiscation of Russian ex-KGB money.
The people at the IMF, which have spearheaded this disaster, never expected the ‘Cyprus Solution’ to blow up in their face the way it has….