Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

What You Don’t Know! Scotiabank is About to Completely Withdraw from the LBMA

June 20, 2020 by mosesman

  • What You Don’t Know! Scotiabank is About to Completely Withdraw from the LBMA
    by Sam Briggs, Kinesis, via https://www.silverdoctors.com/
    Upon exiting the market, Scotiabank will be made to square up all gold and silver paper market positions, but questions linger whether they have the…
    –
    Word from behind closed doors at the Scotiabank, reveals the key market maker is set to withdraw completely from the London Bullion Market Association (LBMA), and close its doors permanently by the end of the year.
    –
    The major Canadian financial institution had previously announced a winding down of some bullion banking provision, assuring the industry that the bank’s role as a key market maker would remain unaffected. Scotiabank’s u-turn and sharp exit from the bullion banking space could have far-reaching implications across the gold and silver markets.
    –
    Suspicions of Scotiabank’s hushed departure first arose when associate LMBA member, Bullion Management Group, BMG, declared the financial institution would no longer act as their custodian. The Canadian bank’s unexplained withdrawal from the risk-free and profitable income of custodianship sounded the first alarm among industry experts.
    –
    What are the reasons behind Scotiabank’s closure?
    Termination notices sent out to Scotiabank employees first detailed the bank’s impending closure, the cause of which still remains unclear. According to industry experts, the imminent shutdown bears all the hallmarks of a forced regulatory decision, leading on from the market rigging lawsuit filed against the bank in March. The US court filing showed that Scotiabank provided 800,000 pages of evidence for regulators probing the metals trading of investment bank, JPMorgan.

    –
    Does Scotiabank have the physical bullion to back its paper positions?
    –

    read more.

end

Post navigation

Previous Post:

Why Supporting Black Lives Matter Is Anti-Christian And Anti-Life

Next Post:

The ANTIFA/BLM War Has Begun

Pages

  • About

Recent Posts

  • Bluxtxxth JAxB Documentary: The vWacxinated Are Emitting Bluxtxxth MAC Address Codes — Graxphene Oxide Nanotechnology for Tota_l Min_d Con-trol
  • Lavrov Warns NATO-EU Alliance. EU Stirs Up Trouble in Tbilisi. Blue Pacific Takes on China. Update 1
  • Barring a Major Conflict BRICS Will Usher in a New Monetary System.
  • Situation Update, June 24, 2022: Putin Announces New BRICS Global Reserve Currency Project to REPLACE the Petrodollar
  • Putin’s Revenge On Satanic Cabal: Ukraine And US Suffer, Putin Builds Alliances And Ends The Dollar
  • ECONOMIC CRASH – Lead to the Fall of Rome, Leading to the Fall of America | Economic Update
  • The Great Reset | Is the One World Global Currency Already Here?! Is the New World Order Here?
  • Abortion STRUCK DOWN By Supreme Court! – EUGENICS Operation Continues! – Civil War IMMINENT!
  • Bloodthirsty Left Vows Vengeance After SCOTUS Overturns Roe V. Wade – FULL SHOW 6/24/22
  • The Root of Facial Paralysis? Internal Pxfizer Document Reveals Vwacx-ines Trigger Neurological Disorders
  • Biden Given ‘Cheat Sheet’ That Instructs Him How to Say “Hello” And Sit Down
  • You Are Watching the COLLAPSE of the U.S. Play Out in Biden’s Hands | Redacted with Clayton Morris
  • WHO Weighs Declaring Monkeypox a Global Emergency
  • Nuclear Weapons Ready for Kaliningrad – Russia: “Time is Running Out – We Are Not Even Seconds Away from World War III” (Video)
  • Moscow Says EU, NATO Gathering Countries ‘For War’ With Russia
  • EU & NATO Appear To Be Forming A Bloc For War Against Russia: Lavrov
  • Dr. Stephanie Seneff: How m_RNA Vwacx Sets Up Long-term Diseases
  • Pozsar Was Right Again: Shipping Costs Soar 82,000% Amid Global Supply Chain Chaos After Ukraine
  • Ep 79: Live From The Vault — The True Scale of Silver Manipulation Revealed. Feat. Bill Murphy
  • Dr. Naomi Wolf: Majority Of Coxvid Vwacxcine Adverse Events Occurring In ‘Western Europe And America’

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
June 2020
M T W T F S S
« May   Jul »
1234567
891011121314
15161718192021
22232425262728
2930  
© 2022 Socio-Economics History Blog | WordPress Theme by Superbthemes