- Nigel Farage – Europe is Collapsing, Buy Gold & Expect QE!
On the heels of Fed Chairman Bernanke’s comments, Spain being downgraded and key meetings taking place in Europe, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis. Farage told KWN that “when I look into the eyes of the leaders of Europe … what I’m seeing now is madness, absolute, total and utter madness.” Farage also discussed the action in the gold market, but first, here is what Farage had to say about the deteriorating situation in Europe: “Of course, over the last couple of years we’ve had two bailouts of Greece, a bailout of Ireland, Portugal. We’re now on the verge of needing a bailout in Cyprus, but perhaps more significantly, a bailout in Spain.”
There’s been a meeting in Berlin today, and Angela Merkel has, for the first time, said that she’s prepared to countenance this becoming a full fiscal and political union, but it has to be constructed on German terms.