World Bank Whistleblower: Permanent Gold Backwardation Will Result in a Massive World Depression!

economic collapseSmart Knowledge U’s JS Kim has released an interview with World Bank whistle-blower Karen Hudes discussing the criminality of the global banking cabal, the coming financial crisis, and gold backwardation.  Hudes states to JS Kim:
“We have fired these Central Bankers. And there is going to be more and more accountability…A lot of these [bankers] understand that there will be a day of reckoning
for them because more and more of the world’s citizens are awakening to what bankers really are up to these days, and they are not happy with what they are discovering about the banking industry.
Hudes predicts that one day soon the citizens of the West will wake up and will dump their fiat paper currencies, and will flock to the sound money of gold and silver to store their wealth, and that if gold backwardation remains a permanent fixture, a world depression will result:
Paper has no intrinsic value. It is only valuable if people agree that it has value. Fiat currencies are now under siege and we have a limited amount of time to set up alternative monies. If we have permanent gold backwardation, international trade will simply stop and we will have a world depression that will make what happened in the 1930s and 2008 look like nothing.
World Bank whistle-blower Karen Hudes full interview with JS Kim is below:

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