Earlier we reported that in response to the escalation in the Syria proxy war, where the latest development was yesterday's arrival of German warplanes and supporting troops in Turkey, Putin gave one simple command: "I order to act extremely tough. Any targets that threaten Russian forces or our infrastructure on the ground should be immediately destroyed."
However, Syria was a secondary topic on Putin's mind today when during a meeting with his defense chiefs, Putin gave the order "to strengthen Russia’s strategic nuclear forces amid rising tensions with the U.S. over the global balance of power."
Russia: USA has deployed 200 nuclear warheads in Europe ~ link ~
Czech President Milos Zeman said yesterday (English translation):
I think [Turkey] is indeed a member of NATO, but sometimes behaves as if more was an ally of the Islamic Republic: removes oil from the Syrian sites, which finances the Islamic state.
Four months ago, China decided to devalue the Yuan sending a shudder up and down collateral chains globally and forcing carry trade unwinds and derisking everywhere. Friday August 21st saw notable weakness as that weakness washed ashore in US equities.. and then Black Monday struck. The ensuing debacle stalled The Fed and shocked markets.
The last week, we have seen China devalue the Yuan very significantly, EM capital markets turmoiling, and today, that was ashore in US equities... what happens next?
Bank Crimes Pay - Under the thumb of the Global Financial Mafiocracy ~ link ~
To date, only a handful of the world’s largest banks have been repeatedly investigated, charged, fined or settled in relation to a succession of large financial scams, starting with mortgage fraud and the Libor scandal in 2012, the Euribor scandal and the Forex (foreign exchange) rate rigging. At the heart of these scandals, which involve the manipulation of interest rates on trillions of dollars in transactions, lie a handful of banks that collectively form a cartel in control of global financial markets – and the source of worldwide economic and financial crises.
Banks such as HSBC, JPMorgan Chase, Barclays, Bank of America, Citigroup, Deutsche Bank, Royal Bank of Scotland and UBS anchor the global financial power we have come to recognize as fraud. The two, after all, are not mutually exclusive. In more explicit terms, this cartel of banks functions as a type of global financial Mafia, manipulating markets and defrauding investors, consumers and countries while demanding their pound of flesh in the form of interest payments. The banks force nations to impose austerity measures and structural reforms under the threat of cutting off funding; meanwhile they launder drug money for other cartels and organized crime syndicates. Call them the global Mafiocracy.