The now well known manipulation whistle-blower Andrew Maguire sat down with Sprott Money for a wide reaching interview including his thoughts on the banking system, as well as the play-by-play inside story of how the CFTC handled & responded to an insiders allegations of major commodities market manipulation by a mega TBTF bank.
Maguire also offered his current take on the state of the Western financial system:
Bottom line, any one of this daisy chain of banks exposed to this quadrillion of derivative bets, if they default, then they all go down. And this whole paper experiment goes down in the history books for students to study. The countries that have gold assets will be the dominant world powers in the future.
Maguire’s full MUST WATCH interview is below:
From Sprott Money: