central bankers

The ailing US economy seems to be driving the exchange rate of the dollar inexorably downward, with serious consequences for the global economy. Politicians and central bankers are looking on helplessly as the economic outlook worsens by the day and European companies rack up huge losses.

GoldSeek Radio has done a wonderful interview with gold trader and mining executive Jim Sinclair in which he explains the worldwide financial crisis as the result of derivatives gone haywire. Sinclair also argues that central bank responses to the derivatives disaster will inflate the world's money supply far beyond any point where it might be reduced again when the crisis has passed. This, Sinclair suggests, can end only in hyperinflation.