This will put further stress upon the Global economy as now there no escape for anyone what so ever. The Japanese Seppuku has disemboweled toxicity over the JPY and the carry trades for them. More system risk in an already bloated tumor mass of US dollars, Euro’, Yen’s and now Rupees. The third member of the BRICS is now in serious trouble, as once again incompetent Keynesian central bankers have made a bad situation that could have been rectified, worse. This will affect the proposals of the BRICS development bank and I feel that India’s malaise was planned to prevent the the very formation of the IMF rival. The reason for that, is the RBI (Reserve Bank of India) heads have decided to implement various capital controls, tariffs and penalties. This did nothing but once again create even higher demand in Gold, create a massive precious metals Black Market and drove good capital and foreign investments right of the country. It seems central bankers are not human as time and time again they fail to understand human nature and underestimate the power of the free market in their hubris and bloated ignorance.

The Indian crisis and the soon spiraling ASEAN and Asian Tigers will cause many of them (their governments) to begin to play bullion bank roles and lease out their Gold in order to build much needed capital that will most likely be paid out as bandages to prop up vital industries for a matter of a few weeks at best. This will create another gold buying rush in South East Asia and will be another factor in driving up gold prices skyward.

Now unto Syria. The latest drumbeats are an imminent strike by Thursday,there are massive fears in the market and oil prices are surging. There have been reports put out by Big Banks like SocGen and Goldman Sachs that oil can bloom to $150 a barrel if the Syrian conflict goes hot with involvement from Russia and China. The news that I have gotten from my sources run inverse to what many are saying. Take this with a grain of salt but the imminent strike on Syria if it goes through tomorrow will be limited with less than 40 targets. From what I have heard is that this administration has leaked on purpose the sites targeted for strike. They have made it a point to tell Bashar that he is not in any danger and that this is a show of force based on the ruse of a chemical weapons discharge that requires an “international” response. In essence America is playing cop and have to slap the wrist of the evildoer. Barry O. will be meeting with Putin next week to broker a deal to include Russia a place at the table. In other words the banksters are NOT yet ready to pull the trigger NOW in August. But come October all bets will be off.