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Cluster Family Office Blog

The lies of politics, or the Emperor’s New Clothes.

Below, we’ll share some thoughts taken from and freely translated from a letter published by Eric Sprott, a prestigious asset manager specialising in precious metals, inZerohedge.com. In the letter, he speaks openly about the lies of politics, citing various examples involving Mariano Rajoy. Mr Sprott never minces his words. At the end of the article, you will find some of our own thoughts on the matter:

The President of the Eurogroup, Jean-Claude Juncker, said in April 2011 at a conference in Brussels: “When things get tough, you have to lie“He was presumably referring to situations where one must avoid giving the markets any hints so that the measures taken are effective. This argument is reasonable, but it is nonetheless surprising that such a high-ranking European official would publicly admit to doing so systematically. After all, our leaders are not supposed to lie, especially when things get really serious or ugly. READ MORE

 

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