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06.01.2016
Soros also famously “broke the Bank of England.” In 1992, he made a giant bet that the pound sterling, Britain’s currency, would crash.
Royal Bank of Scotland will impose negative interest rates on some of its biggest customers from Monday, as central banks’ sub-zero policies start to bite.
The 70 largest companies which are heavily involved in financial trading, including other banks and pension funds, will face the charge when trading options and futures. Traders have to post collateral with clearing houses – funds which cover the cost of transactions if the trader is unable to pay the bills. If the institutions put cash on deposit as collateral, they will now face a negative charge.
Today, Reuters follows up on this disturbing issue, and reveals that the Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced. China to play greater role in Syria while US ‘left out’ … Are we seeing the start of a new anti-Islamic State coalition with Russia, Iran and China’s involvement in Syria?


There’s little doubt Western forces want to create the appearance of a larger potential war.
As the US presidential election nears, we are doing a series of reports on the differences and agreements of major parties on various economic and financial topics. It takes a while to organize something like this but it does happen over time if people want it to. Yes, it may have been a failed CIA coup but the result has driven Turkey closer to Russia and apparently to China too.
Whether such a war will actually take place is at least questionable, but the groundwork is certainly being laid. What they showed was a bit of short covering on the part of the commercial hedgers (see gold and silver COT charts below). What reaction could be expected from the West, particularly from the countries involved in Syria?


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