West Is Now Desperately Trying To Avoid Full-Blown Collapse
August 26, 2013
On the heels of intervention in the gold market by the BIS, today a man who has been involved in the financial markets for 50 years warned King World News that Western central planners are now “desperately trying to avoid” a full-blown “collapse.” He also spoke about the emergency meeting which took place at the White House last week involving the President, the head of every significant financial agency in the United States, the Fed and the Comptroller of the Currency. This is another one of John Embry’s most powerful interviews ever.
Embry: “Gold had a wonderful day on Friday and was challenging $1,400. In any normal market, based on everything that has transpired up to this point, gold would have blasted through $1,400 today and been off to the races. But the reality is that the BIS intervened and capped the price. This doesn’t surprise me because I think the BIS has been involved in a lot of the strange movements in the gold price over the past year.
But this is just delaying the inevitable….