Billionaire Eric Sprott – The End Game Is Absolutely Horrifying
December 7, 2013
In one of his most important and powerful interviews in history, today billionaire Eric Sprott warned King World News that the end game is absolutely horrifying for humanity. The Canadian billionaire also spoke about the enormous implications of this for people around the world. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say in part II of this remarkably powerful interview series.
Eric King: “What we are really talking about here is an acceleration of the confiscation of wealth. What’s being proposed around the world, the wealth taxes and some of these other things, it is the confiscation of wealth going forward — that’s the theme by governments, isn’t it?”
Sprott: “That is the ongoing thing that is happening. There was some work done in the UK saying that by having zero interest rates you help the banking system by 120 billion pounds a year. But of course the opposite side of that is the savers don’t make 120 billion pounds. And with this financial repression ongoing, people can’t better themselves. They are losing out to inflation.