John Hathaway told King World News:
"... You’ve got slow motion bank runs taking place. People who see this and understand it are moving into gold. You’ve got rot in the periphery (of Europe) that’s spreading to the core. The core is Germany and ultimately the United States.
"The idea that somehow the dollar is protected by some firewall is ridiculous. They are (all) basically fiat currencies, and I don’t think this stops with the euro. This attack is ultimately going to affect the dollar, and it will eventually be reflected in the dollar/gold price.
"They (central planners) are buying time right now with the euro. It’s clear to me that policymakers are resorting to prescriptions in order to deal with economic sluggishness, but they are using very shop-worn Keynesian monetary stimulus applications.
"They are so mentally bankrupt in their thought process, that it’s clear to me they don’t understand what’s happening. ..."