"Today King World News interviewed the former White House official who was Special Assistant to the President of the United States for Economic Policy and a former member of the U.S. President’s Working Group on Financial Markets, also known as the Plunge Protection Team, or PPT. While in the White House, Dr. Philippa Malmgren served as financial market advisor in the White House and functioned as the direct liaison between the White House and the Federal Reserve.
Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, and was also Chief Currency Strategist for Bankers Trust Company, and former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.
Eric King: “Dr. Malmgren, what about this historic deal that was signed today between Russia and China?”
Dr. Malmgren: “For a long time Russia and China have wanted to displace the U.S. dollar as the main medium of exchange in the world, and to convert that exchange to renminbi and rubles instead. So this is one more step along that path...."
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/21_Ex-White_House_Official_On_China_Russia_Alliance_%26_Gold.html
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