Now this is interesting:
The pound fell about 6 percent (approximately 1.82 to 1.72) against the dollar for no apparent reason ? until, of course, the terror attacks sent the British markets reeling still further.
“This was an almost unprecedented weakness and far too sharp to be a coincidence,” one economist with more than 35 years of experience in the investment industry, told Joseph Farah’s G2 Bulletin, the premium, online intelligence newsletter published by the founder of WND. “That is, after all, an annualized rate of loss of well over 100 percent.”
The fall did not go unnoticed by investigators, who are wondering whether the terrorist masterminds behind the attacks decided to make some money on their action or whether other investors with inside information about possible attacks took advantage of that knowledge.
“Currencies of establish countries simply do not fall that fast based upon any kind of economic or financial analysis,” said the economist. “Somebody ? somewhere ? knew something. Or maybe I should say ‘somebodies.'”
Could it be the terrorists have learned to make their attacks self-funding operations?
Could it be the terrorists are actually motivated by factors other than Islamic fanaticism?
These are some of the questions law enforcement agencies are asking ? but they’re not really expecting to get answers.
The problem is that short selling of this kind can be done with near total anonymity.
“Trade currency futures through a Swiss or Austrian bank via an offshore company incorporated in Crete and you have a totally untraceable transaction,” the economist noted. “No one will ever know who made the really big money off this situation, but I guarantee you this ? someone did.”
(h/t Gindy)
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