The Rothschilds Control the Central Banks of the World — Earth’s Misery Flows From That One Fact

This from a couple of months ago. In China they have, effectively, monetized a metal – copper.

Traders in China use copper as collateral to obtain money from banks, which can then be re- lent to third parties, said Jia Zheng, a trader at Shanghai East Asia Futures Co.

“It appears that the practice of using copper to obtain financing is increasing as companies start to feel the effects of the tightening measures,” said Liang Lijuan, an analyst at Cofco Futures Co. “Imports have been surprisingly high.”

via FT Alphaville » China’s copper as collateral addiction

blog comments powered by Disqus
© 2014