3 Dec 2011

Major Banks Teetering on the Edge of Collapse - Nigel Farage


With world markets still convulsing and gold and silver reasserting themselves once again, today King World News interviewed former LBMA commodities broker and trader and current MEP Nigel Farage to get his take on the situation.  Farage had some powerful comments regarding the direction of gold, but when KWN asked about the chaos in Europe, Farage stated, “As the Italian credit rating started to slip, the Brussels bosses and the German Chancellor said, ‘He’s (Berlusconi has) got to go and we want our man in charge.’  And so Mr. Mario Monti, who was a European Commissioner for ten years, one of the architects of the euro when it was introduced, a man who wasn’t even in the Italian Parliament, has been put in charge and is now the Prime Minister of Italy.
Nigel Farage continues:

“He has chosen his cabinet to run Italy and would you believe not a single member of the Italian cabinet is an accountable, elected politician.  Democracy has been hijacked, thrown away, in the name of preserving the euro.  And I mean, frankly, this is how dictatorships start.  I mean this is absolutely terrifying.