From King World News
''With tremendous volatility in global markets, today King World News interviewed one of the savviest guys in the business, Jeffrey Saut, Chief Investment Strategist for Raymond James. Saut surprised KWN by saying that Europe is about to launch “a two trillion euro bailout package.” He also stated that this “puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher.” Saut also discussed gold, but first, here is what he had to say about the crisis in Europe: “Having worked inside the Washington DC beltway, I have a pretty good working knowledge of politicians, bureaucrats and bankers. They are the same in Europe as they are in this country. They do not want to lose their power, and if the EU busts apart, they all lose their power.''
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