From Greg Hunter:
In perhaps the most important interview of the year, Legendary gold expert Jim Sinclair warns, “Markets do not exist anymore – and you can’t time what does not exist.”
Sinclair contends a huge transition is underway, and the old system cannot be fixed. A new one is on the way, and the old one is going to end with a bang.
The over-the-counter derivatives have grown massively beyond world money availability. This has no precedent. We have killed capitalism. IT’S OVER…
When it’s all said and done, there will be a catastrophic big bang, and then the only thing that will be left is your savings account. Your savings account is not silver, although it will outperform gold, your savings account is going to be gold. It’s going to happen because all currencies, even the roaring dollar, are falling in terms of being a storehouse of value. Capitalism is finished. I can’t tell you what the next system will be, but capitalism is over because the heart of capitalism is markets. Without markets, you cannot have a capitalistic system—it’s over.”