ML-Implode News - Sinclair - The US Will Be Cyprused & We Will See $50,000 Gold

... the fractional reserve gold system has failed. There is no gold there to deliver.Â What first gave rise to this was the German situation, but then when ABN AMRO shut gold deliveries down it accelerated.Â The reason they blasted the gold market was to camouflage the fact that the fractional reserve gold system, which is very important to financing and to the government, failed.Â
The truth is that when we take out these futures markets on a failure, gold is going to $50,000.Â Not $3,500.Â $50,000.Â We are in the midst of a failure right here, right now.Â That's what this is all about.Â This takedown has been the ultimate can-kick.

... the US is going to get Cyprused.Â They have now manufactured a situation right here at this point in time where it is almost impossible to save yourself.

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Sinclair - The US Will Be Cyprused & We Will See $50,000 Gold