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Nigel Farage: Money printing leads to disaster. It`s simple.
Date 23/06/2013 18:22  Author webmaster  Hits 2518  Language Global

"Whatever has happened to gold and the stock markets over the last three to four months, the fundamentals haven't changed a bit. We're still living beyond our means, we're still printing money like crazy..., all the fundamentals point to the fact that our governments are in terrible trouble with their finances, that our banks have probably got further shocks to come, and that we've got inflation coming down the road..." - UKIP leader Nigel Farage MEP.

KWN | On the heels of yesterday’s drubbing in the gold and silver markets, MEP Nigel Farage spoke with King World News about recent turbulence in key markets, and also warned KWN readers to expect more government theft as Cyprus is used as a template to steal money from citizens in the future.  Below is what Farage had to say in part II of his powerful interview series.

Eric King:  “I wanted to ask you about your thoughts on the propaganda coming out of the Federal Reserve (as we go through this orchestrated smash in gold and silver).”

Farage:  “The fact is that America is living massively beyond its means.  Pursuing policies that really are not in the interests of America.  They are just a means of keeping the whole thing (financial system) propped up.

I thought we had learned the lessons in the past.  Money printing leads to disaster....

“And Bernanke saying, ‘We might ease back towards the end of the year,’ doesn’t get away from the fact that we’re still borrowing and we’re still printing.  It’s just astonishing to me that the great public doesn’t seem to be engaged in this debate.

The Chancellor in Britain goes on commercial and national BBC television and radio, and tells us that, ‘he’s cutting.’  He talks about the cuts to the budget deficit.  Well, we’re still adding to our national debt at nearly 10% per annum.  So I think there is really an entirely false debate going on on both sides of the Atlantic.

But what we do know is that the next time a country gets into trouble, what we saw in Cyprus a few months ago is going to be used as a template.  And the German, Finnish and the Dutch taxpayers are not going to be happy with lots more of their money being transferred to the Mediterranean countries, and so they will use the template for Cyprus and just steal the money from investors.”

Eric King:  “I wanted to get your thoughts on what KWN readers and listeners around the world should expect in terms of future government theft of their assets.”

Farage:  “Well, I think that the Eurozone is the most extreme case.  This is where sovereign countries have completely given away their ability to run their affairs to people that behave like gangsters.

But I do think that on an ongoing basis, particularly given the problems that we’ve talked about earlier in this interview, that people have to be very careful where they put their money.  And they absolutely must spread their money.  I think that’s the really, really important thing now.

If you are depositing money make sure you’ve got a good spread of money, and for goodness sake don’t put it in Spanish, Greek or Portuguese banks because that would be really stupid.”

The information above was just a small portion of this incredible interview with Farage.  Farage spoke at great length about the incredible smash that has taken place in the gold and silver markets and what to expect going forward.  Farage also discussed future government theft of assets, what type of chaos to expect in Europe and around the world in the future and much more.