"Fitzwilson is founder of The Portola Group, one of the premier boutique firms in
the Unites States. He told King World News that countries are engaging in
currency swaps out of fear of being cutoff from international transfers.
Fitzwilson also said gold and silver are getting ready for a major move. But
first, here is what Fitzwilson had to say about recent developments: “Another development that’s been happening in recent days is swaps
are being made. China and Australia just recently completed a $31 billion swap
of their currencies. To me that’s tantamount to barter. These countries have
essentially pre-positioned their currencies, probably because they are worried
about being cutoff from international transfers.”
Robert Fitzwilson
continues:
“Jim Sinclair has pointed out what is taking place
with the SWIFT system. I would just like to add that SWIFT has now become a
weapon in the currency wars and as Sinclair correctly stated, unfortunately the
United States is now threatening other countries. We are saying if they do not
do what we want, we will cut them off from SWIFT, which will effectively shut
down their economy.
We have already seen this with Iran, so India and
Iran were trying to do an oil for gold swap. Evidently we’ve warned the Indians
because we’re not happy about that. So SWIFT is being used to threaten our
trading partners and allies....
“As we now know, South Africa is actively trying to
participate in dethroning the dollar as the reserve currency. If you look at
the pattern of what is happening, these are like mini earthquakes all over the
world.
When you add these seismic events together, it
suggests that something may be imminent, perhaps in the next month or two.
Saudi Arabia is suddenly sending 22 million barrels to the United States. Why
did they do that?
Are they trying to get paid for it before there is
some sort of eruption in the Middle-East? Is the US stockpiling oil ahead of
war? There are military assets being positioned all over the Middle-East, on
all sides. So something is building and these countries are taking action ahead
of that for self preservation which is understandable.”
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