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Cyprus being used to scare savers into spending, Sinclair says
2:35p ET Wednesday, March 27, 2013
Dear Friend of GATA and Gold:
Mining entrepreneur and gold trader Jim Sinclair tells King World News today that the taxing or confiscation of larger bank deposits in Cyprus is being used to scare savers to move their money into the real economy to increase the velocity of money and reverse deflation. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/27_Si...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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