Putin Has Nuclear Economic Bomb-Jim Sinclair

4By Greg Hunter’s USAWatchdog.com   (Early Sunday Release)

World renowned gold expert Jim Sinclair is worried about the crisis in Ukraine.  Sinclair says, “Welcome back to the cold war that can get hot overnight.”  It appears President Obama has brought back the Cold War, and Sinclair contends, “He’s brought it back by changing to a new normal diplomacy, making outrageous threats on a continuing basis rather than seeking a solution.”  The referendum vote in Crimea that is overwhelmingly in favor of joining Russia, and yet, officials in the West say it is illegal or illegitimate.  Sinclair says, “To say that is to deny the reality the government in the Ukraine is a government created by a coup.  To say that is to bring us to the brink of war. . . . Mistakes can happen.  War can start anytime you have two entities together with weapons of war looking at each other with lots of hate.  I am concerned about the mistake of aggressive machinery and aggressive people looking right at each other.”  

On possible U.S. sanctions on Russia, such as excluding them out of the international payment system called the SWIFT system, Sinclair says, “The use of the SWIFT system (Society for Worldwide Interbank Financial Telecommunication) to create a difficulty, almost a prohibitive difficulty in doing business by preventing bank wires, that would be one of the possibilities.  Already, the BRICS nations are developing their own SWIFT system.  So, the mistake of using the SWIFT system, short of absolute war, is that it has created a competitor that all the BRICS will be using.”  Sinclair also thinks, “To sanction Russia is to forget that Russia supplies Europe with its gas supplies.  To sanction Russia is to forget there are many U.S. and European corporations operating within Russia right now.  I honestly believe sanctioning Russia is the same as shooting yourself in the foot.” Sinclair goes on to say, “When you think you can push an ex-colonel of the KGB, you are not making a proper analysis of the personality of the person.  The whole idea that Russia is only a regional power–where in the world did that come from?  Anybody that is nuclear capable to the degree that Russia is with its delivery systems is a world power.  We hear constantly Russia is only a regional power.  We hear lies.  We hear untruths.  We don’t have a clear picture to what is taking place.”  

On Russia countering Western sanctions, Sinclair says watch the “struggling dollar” and Russia accepting any currency for oil and natural gas.  Sinclair explains, “It’s struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe.  Believe me, they will settle in other currencies. . . . It makes energy cheaper.  Why in the world would anyone want to pay in dollars if they can pay in their own currency?  Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand.  They have it in their ability to turn the U.S. economy upside down and into collapse.  There is no question whatsoever.  Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”  

What would the price of gold be this year?  Sinclair predicts, “Gold has $2,000 an ounce in its sights in 2014.”  On silver, Sinclair says, “Silver is gold on steroids.  When gold takes off, silver goes up faster. . . . So, the idea you are going to get an old high on silver or better is a given.” 

Last year, Sinclair, predicted gold will hit $50,000 an ounce sometime in the next several years. Is he still sticking with that prediction?  Sinclair says, “I am still sticking by that, and the $50,000 per ounce is predicated on a shift in the mechanism on determining gold’s value from the paper markets to the physical markets.  Should that emancipation take place, it is a possibility and could become a reality.”  Sinclair goes on to explain, “Something has to happen.  Emancipation of gold from the paper market will be a product of the drawdown of the inventories of the warehouses.  I don’t believe for a moment that the COMEX is going to default, but I believe quite certainly that the COMEX will go from settling in gold to settling in cash.”  So, how can the gold market be manipulated up or down in price?  Sinclair says, “I can tell you exactly how it’s done.  You just offer or demand supply . . . that is beyond any capacity that can be met.  We’ve already had one day where two and a half years production was offered for sale.  It couldn’t be in a physical market that has to deliver within three days.  It can only be in a paper market that doesn’t have to deliver.”  

Join Greg Hunter as he goes One-on-One with Jim Sinclair of JSMinset.com. 

(There is much more in the video interview) 

After the interview: 

Sinclair added, “We’re in a hell of a mess.  If the world drops the ‘Petrodollar,’ we’ll have a hot war in a week.  We will go to war over the Petrodollar.”   To visit Mr. Sinclair’s site click here for JSMineset.com.

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Comments
  1. Krystal

    Thank you so much for putting something out there other then the propaganda that I am currently having to endure. Even as a novice. The story in Ukraine does not add up. Everytime it is reported facts have been edited out of the timeline of this crisis. A coup created government is legitimate but a longstanding autonomous crimean government and vote is not. This conflict is proof people are sheep. It doesn’t even sound like the truth but everyone’s nodding their heads and calling it democracy.

    • Greg Hunter

      Krystal,
      Thank you for adding your perspective. You are correct it “does not add up.” Thank you for putting it succinctly.
      Greg

    • Rediron1

      Wondering if Putin ever came across this….http://www.youtube.com/watch?v=fVAXqKugXkg&feature=player_detailpage

    • NVE

      As it looks from Russia the new Cold War is not a very bad idea for us and for USA too.
      During the past Cold War our countries had made a big number of technical investigations, the technical progress was very big. And we not made a war conflict. Now there is not cold war… and the economics are in bad conditions – i mean the REAL economics, not the finansial speculations. Working real plants and factories are not a bad idea… preparings for war but no real war – ok?

    • NVE

      The Krim conflict itself is only a method to prevent a joining of Ukraine to NATO (according to rules of NATO).
      Trust me, Krim is 50 miles from my home.
      There is no any war at Krim, because all Krim speaks russian – no ukrainian. Referendum was a joke, but joining of Krim to Russia was useful for all.

  2. Jerry

    Greg, Jim Sinclair is right on several levels in this interview about the power struggle in Ukraine. In my lifetime I have never seen so many interconnected lines of economic strain all diverging to one focal point. This is for all intensive purposes the “fuse” that will explode the petrodollar . Whether planned or not, the outcome will be the same. The End of the Dollar. This time the Chinese have laid down the challenge to cross the red line, and have sided with the Russians creating a tremendous kickback, should the Bank puppets in Washington decide to cross it. The question is, will they take the bait?
    I guess we’ll find out Monday if the they intend to back up the rhetoric that Kerry has been spinning all weekend.

    Greg watch the dollar index this week. I think it will tell us which way Gold will be heading. It has been on a steady downward track the last three months. Granted it was at 79.44 in 2008, but that was before we were facing a conflict with global superpowers like Russia and China who both hold large amounts of our debt. Jim Sinclair is right, They don’t a nuclear bomb. They already have an economic one. God help us all with all the psychopathic narcissus’s involved.

    • Greg Hunter

      Jerry,
      I think this week will be pivotal in U.S. and world history.
      Greg

      • Dmitry

        A new term for the so-called American democracy: the Military-Police democracy.

        Yanukovych invited opposition for talks. He is a dictator and a tyrant.
        Yatseniuk sent against the people army tanks. He is a Democrat and a liberal.
        How to call it? Military-police US-democracy.

        • Galaxy 500

          Not by the little people here my friend. We disapprove of the USA’s interference in Ukraine, Libya, Syria and Egypt. And our mucking around has made life there so much better for everyone. Much has been said here about how the Ukraine Pres. run out by demonstrators was robbing the country living a lavish lifestyle. Kinda like our Congress .
          Obama has stolen our democracy, and I apologize that have messed up yours.

        • Denis

          Yatseniuk sent tanks? Where and when exactly? Olny one, who moves his army is Putin!
          His friend, so called prime minister of Crim Aksyonov, former local criminal, took the office with the help of his gunmen/militia, by force. On 2010 Crimean parliamentary elections hes party Russian Unity got only 4% of votes. On so called “referendum”(in front of russian gunmen) suddenly 95,7% voted for independence. I must say wow!! I´m sure, in this kind of elections, even Scotland would choose to unite with russia.

          • Sergey

            Denis, have you ever been to Crimea? I suppose you haven’t..Unfourtunately your Media managed to arrange effective public brain-clean and sensationon of reality is absolutly vanished with major part of ordinary Ukranians..Just to let you know the so-called Russian propaganda has always been a baby in comparrisson with western one (to a greater extent USA’s one)..

    • Galaxy 500

      Jerry
      nice post. What is your breaking point on the dollar index?

      • lastmanstanding

        It was 72 ish in 2011. (April I believe) and most thought it would go then.

        If it breaches below that, silver and gold will blow by their highs like it was standing still. People were watching last time. (2011) Those in the know were running for the protection of pm’s like there was no tomorrow.

        I believe that the elites knew this and that is why they smashed the hell out of metals…this last 3 years has been brutal on the little guy. Weak hands have been discouraged and are out for good. Mean while, the bastards have been stealing all the metal at the low prices all while trying to keep some availability and the continuance of biz as usual.

        This time, few will get pm’s. History has shown that no one is interested in pm’s when they are cheap. AS soon as the $ blows, it will be beyond insane. That is what my gut tells me.

        This time they are out of powder, there will be no disrespect for tangible items…buy anything tangible like a mad man or woman. Like GH, I believe that this week will be one for the history books.

        Hope to see you all on the other side. lms.

      • Jerry

        80.0 is traditionally the firewall. My guess is 78.0.