Eric Sprott: Central Banks Are Getting Down to Fumes
by Rory, The Daily Coin If we don’t protect ourselves from the unfolding economic collapse who will? Do you trust the government, be it local, state or federal, to provide for you and your family? Do you honestly believe the government will provide for you? The writing is on the wall as the central banks around the world play games with the monetary systems and create scenarios never even dreamed of and now these games are having a direct impact on our lives. I sat down with Eric Sprott, Sprott Asset Management, to discuss the state of affairs, both here in the U.S. and around the world. Rigged markets, gold and silver, were all on the table as one would expect during a conversation with Mr. Sprott, but we also discussed the coming changes with the SCO, the Silk Road and EEU. The alliance between China and Russia can not be denied. If you are not watching this with purpose, today would be a good day to begin your research. The U.S. dollar is changing and the only reason the dollar appears to be strong is because the currencies in which it is measured are so weak. The dollar is failing and the Chinese Renminbi (yuan) is gathering strength. The Chinese have all but said the time of a reserve currency has pasted, it is time for a different way of conducting global trade. The Chinese have direct currency swaps with close to 30 of the largest economies in the world. This cuts the dollar out of the trade which means none of these countries conducting business with China need to hold U.S. dollars. This means the dollars in their vaults, around the world, will soon be coming home. The luxuries our American society has enjoyed for the past 50 years are ending. With a gutted manufacturing base how do we get out of this mess created by the Federal Reserves monetary policies? Let’s listen in to Eric Sprott and hear what he has to offer.