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China's Jasmine Revolution Is Back: Trucker Strike Hits Shanghai In Protest Over Surging Fuel Costs And Low Wages

Tyler Durden's picture




 

And now for the latest does of reality from China, which will no doubt be reported by precisely zero of the mainstream media outlets. According to Stratfor, there has been a trucker strike in the Waigaoqiao zone in Shanghai on the morning of April 20. As the attached video reports: "The protests the morning of April 20 were in one of Shanghai’s busiest container ports and they were the result of rising fuel prices and low wages. In 2008, we saw similar strikes over fuel prices as taxi drivers took to the streets across China, highlighting how inflation can easily translate into social issues. These protests come a week after residents gathered in the Sonjiang
district in Shanghai on April 13 in protest of cheng guan officials,
also known as urban management officials, were said to have beaten a
pedestrian in a traffic dispute and Shanghai is also the area where we
saw the largest gathering during the Jasmine Movement on February 27." So how much longer will China be able to pretend that its USD-pegged monetary policy, not to mention the Fed's inflation exporting efforts is contained? And how long until China's inability to contain its inflation results in a Tiananmen-lite (or not so lite) redux?

From Stratfor

And a transcript of the video for the play button challenged.

We received news of the trucker strike in the Waigaoqiao zone in Shanghai on the morning of April 20. This is just the latest in large-scale protests in Shanghai that further illustrates rising social unrest.

These protests come a week after residents gathered in the Sonjiang
district in Shanghai on April 13 in protest of cheng guan officials,
also known as urban management officials, were said to have beaten a
pedestrian in a traffic dispute and Shanghai is also the area where we
saw the largest gathering during the Jasmine Movement on February 27.

Shanghai is one of China’s most international cities but, despite its foreign exposure, the government has clamped down on local media reports of the protests, where there’ve been rumors of several deaths. While all these issues were sparked by different grievances, combined they show the desire of people to take these issues to the street. Ultimately the biggest fear of the Chinese Communist Party is that these issues can collide, leading to ever bigger demonstrations that could be both harder to contain and control.

 

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Wed, 04/20/2011 - 13:48 | 1189015 Silver Bug
Silver Bug's picture

If riots hit China, in full force, we are in for whirlwind. These riots globally are not dieing down. They are only intensifying. Gold and Silver go up because of political instability. Remember that.

 

http://silverliberationarmy.blogspot.com/

Wed, 04/20/2011 - 14:17 | 1189146 MarketTruth
MarketTruth's picture

And yet by and large the America debt slaves remain calm to virtually 'asleep at the wheel'.

(s) GET BACK TO WORK YOU AMERICAN DEBT SLAVES! (/s)

Wed, 04/20/2011 - 14:21 | 1189178 Almost Solvent
Almost Solvent's picture

They will awake when:

Stores run out of iWhatever

Dealer lots running out of vehicles (other than GM)

Grocery stores mostly empty

Gas $7.99 / gal

Cable TV $199 / month (wait, already there with all those great HBO channels)

Wed, 04/20/2011 - 14:26 | 1189202 Dr. Richard Head
Dr. Richard Head's picture

Everything is fine in the Us of A baby.  Cool your jets.  We have high umployment....wait...I mean prices are stable......damnit.  At least I have my house....oh shit.....not worth the land it sits on now.  Well, at least my 401(K) is rising.  What?  Lost 80% over the past ten years.  I always have my credit card....damnit.

What time is American Idle on?  Pour me some whiskey.....out of whiskey. 

Wed, 04/20/2011 - 14:32 | 1189242 TIMMAYYY
TIMMAYYY's picture

whats you prediction of how bad its going to get...

shit doesnt seem that bad...from my rose tinted vantage point across the pond

Wed, 04/20/2011 - 14:59 | 1189384 Dr. Richard Head
Dr. Richard Head's picture

Hard to tell.  It will be worse from some sects over others.  Grandma and grandpa have been gettingthe shaft with their "fixed income".  I guess fixed meant like fixing a dog.  The poor are getting hit hard during all of this, but the middle class is the one that needs to take up arms, figuratively speaking of course, and that won't happen until beer and cable have to be cut in order to pay for gas in the car and food on the table.  I wish people would learn beforethe hammer is swung on their thumbs, but pound away the serfs will do regardless of the warnings.  I am half inlined to say "Fuck 'em" as they didn't care about any of the warnings I threw their way. 

But what do I know, I am just a Dick Head.

Wed, 04/20/2011 - 19:47 | 1190486 Popo
Popo's picture

Yeah, but the thing about Grandma and Grandpa is, you don't need to worry about them storming the streets, throwing molotov cocktails and smashing up storefronts.

They will silently and efficiently be thrown under the bus -- and they will suffer in silence. Which is acceptable to Mr. Bernanke.

Wed, 04/20/2011 - 23:04 | 1191032 StychoKiller
StychoKiller's picture

If you're a real medical doc, then you know the concept of patient compliance (or lack thereof!) :>D

Wed, 04/20/2011 - 14:32 | 1189257 traderjoe
traderjoe's picture

American Idle. I like it...

Wed, 04/20/2011 - 14:38 | 1189272 Michael
Michael's picture

It's all inflation all the time these days. Poor little Proles. Soon it'll turn into the attack of the Proles. If that's what the overlords want, that's what the overlords will get, the sequel to 1984.

Wed, 04/20/2011 - 14:20 | 1189181 Sudden Debt
Sudden Debt's picture

It bad that happens in china...
China doesn't allow facebook or twitter, so it will be harder for us to follow...

Could have been good television...

If a protest happens, and nobody can hear. Is it still a protest?

Wed, 04/20/2011 - 14:33 | 1189250 TIMMAYYY
TIMMAYYY's picture

when tree falls in the woods...is there still a crash?

 

 

Wed, 04/20/2011 - 14:33 | 1189262 TIMMAYYY
TIMMAYYY's picture

or has schrodinger checked on his cat latley...

Wed, 04/20/2011 - 13:51 | 1189019 Forgiven
Forgiven's picture

That's going to hurt for a few minutes.

Wed, 04/20/2011 - 13:59 | 1189022 HamyWanger
HamyWanger's picture

These Chinese punks should read some serious economics, like the St Louis Federal Reserve daily reports or Dr. Paul Krugman articles, and they would quickly understand that 'inflation' is only a sentiment fueled by bad press, not a reality. 

Wed, 04/20/2011 - 13:49 | 1189027 redpill
redpill's picture

It must be all those TV shows with time travel plot lines that they didn't censor in time.

Wed, 04/20/2011 - 14:08 | 1189096 magpie
magpie's picture

No Sliders for you, comrades.

Wed, 04/20/2011 - 13:50 | 1189029 Andrew G
Andrew G's picture

It's interesting what's happening in the big government/big capital/no freedom role model for China - Singapore. Looks like the people there are slowly getting fed up being treated like children, even though the Big Daddy (aka MM aka Lee Kwan Yew) is still alive.

Wed, 04/20/2011 - 13:52 | 1189043 TheGreatPonzi
TheGreatPonzi's picture

Hum... and what about what's happening in the US or in Greece?

Oh, wait, this is a democracy, so nothing bad can happen, right? :D

Wed, 04/20/2011 - 13:56 | 1189051 trendybull459
trendybull459's picture

its not an issue,american Alite will use it to bump more futures prices-every thing happening in world now on bad is good for FED explanations.Let see what Jasmine revolution will do if american fat asses get up from their TV zombonised homes

Wed, 04/20/2011 - 13:54 | 1189056 firstdivision
firstdivision's picture

Yuan to parity in t-minus 6 months.

Wed, 04/20/2011 - 14:00 | 1189065 alien-IQ
alien-IQ's picture

Clearly these Chinese do not appreciate the wealth effect that the Chairsatan has bestowed upon them.

Wed, 04/20/2011 - 14:04 | 1189083 redpill
redpill's picture

Bow Before your BealzeBen!

Wed, 04/20/2011 - 14:02 | 1189080 nedwardkelly
nedwardkelly's picture

Offtopic, but holy man arms reporter!

Wed, 04/20/2011 - 14:06 | 1189089 redpill
redpill's picture

Indeed.  In fact I'm somewhat confident she could kick my ass.

Wed, 04/20/2011 - 14:39 | 1189291 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Who needs S&W when you got those guns!

Wed, 04/20/2011 - 14:45 | 1189322 redpill
redpill's picture

She probably has to carry a permit!

Wed, 04/20/2011 - 14:41 | 1189289 Head for the Hills
Head for the Hills's picture

Square jaw too... I'll go with tranny.

Wed, 04/20/2011 - 15:03 | 1189412 Vergeltung
Vergeltung's picture

(Austin Powers voice):

"it's a man, baby!"

 

Wed, 04/20/2011 - 14:02 | 1189081 ivana
ivana's picture

Yeah that's THE bankster WET DREAM!!!
Wait until Iran. On the other hand, oil demand destruction now seems significant and more spins are neccessary at this point to sustain oil price hike

Wed, 04/20/2011 - 14:21 | 1189173 SheepDog-One
SheepDog-One's picture

Or more major false flag events. I think thats what we're in store for, about time to hit the panic buttons too much shit is out of control, and bottom line banks are in trouble.

Wed, 04/20/2011 - 14:05 | 1189092 Josh Randall
Josh Randall's picture

Let them eat Ghost Cities

Wed, 04/20/2011 - 17:53 | 1190142 narnia
narnia's picture

that's probably their plan if the crap hits the fan.  join the communist party and put on a uniform and get $1 rent for a year in a brand new condo in a ghost city.  mow down the segments of the population that rise up or lose this great deal.

of course, that begs the question, why aren't they renting these out for $1 / year now just to fill them up.  buildings & systems break down without use.

Wed, 04/20/2011 - 14:07 | 1189104 velobabe
velobabe's picture

no control buttons, Y I K E S †

Wed, 04/20/2011 - 14:12 | 1189116 ewmayer
ewmayer's picture

I love how the MSFM continue to pump BRIC "GDP growth 8-10%!!!" numbers whenever possible, without ever mentioning how that "growth" compares to the inflation rate, or to credit expansion, apparently because "all growth is equal, and all growth is good growth".

Wed, 04/20/2011 - 14:23 | 1189183 101 years and c...
101 years and counting's picture

this must be the reason for Yen revalue rumors for this weekend.  china cant wait for $150 oil, so they'll jack up the yen, crush the dollar and add another 10% in monthly inflation for their people. 

 

 

Wed, 04/20/2011 - 14:24 | 1189189 Sudden Debt
Sudden Debt's picture

I think Japanese radiation has something to do with it....

Wed, 04/20/2011 - 14:22 | 1189190 Sudden Debt
Sudden Debt's picture

I think Japanese radiation has something to do with it....

Wed, 04/20/2011 - 14:25 | 1189193 mt paul
mt paul's picture

pretty dress Jennifer...

it would look nice 

on the floor 

at the foot of my bed

Wed, 04/20/2011 - 14:26 | 1189215 SDRII
SDRII's picture

China Daily this am reporting on wage benefit of lower taxes (whilst raising electricity, fuel prices). next up article from stratfor suggesting the Russians are moving equipment to Tartus and the Chinese deploying to Sudan. Stratfor = caveat emptor

Wed, 04/20/2011 - 14:40 | 1189286 Long-John-Silver
Long-John-Silver's picture

They have nukes and submarines to haul them anywhere they like. Better to keep the enemy you know than the one you don't.

Wed, 04/20/2011 - 14:58 | 1189368 meizu
meizu's picture

Protests are common in china, there were like more than 10000 protests in china in 2007.  To call this protest jasmine revolution is idiotic; most of these kind of protests by workers are organized by unionists and hardcore maoists who want a return to maoist style central planning

Wed, 04/20/2011 - 15:02 | 1189402 101 years and c...
101 years and counting's picture

"and hardcore maoists who want a return to maoist style central planning"

as opposed to ponzi style central planning?

Wed, 04/20/2011 - 15:44 | 1189586 reader2010
reader2010's picture

Just give em plastic rice, fake beer and infectious pussies. Everything's gonna be harmonious again.

Wed, 04/20/2011 - 15:47 | 1189604 KillTheFed
KillTheFed's picture

These incidents just show that the Fed's money printing scheme that is targeted to China are working.  The Fed wants the yuan de-linked from the dollar so it can freely float.  If that happens, start moving your investments out of China because the next step is for the IMF to trash their economy and take over the PBoC.  Too bad the common man in America does not see that the Fed is using the dollar as a WMD.

Wed, 04/20/2011 - 16:05 | 1189703 King Durian
King Durian's picture

+ 1000

Wed, 04/20/2011 - 16:28 | 1189819 spacecadet
spacecadet's picture

Finally someone understands.

Wed, 04/20/2011 - 22:12 | 1190870 narnia
narnia's picture

I don't see it that way at all.  China floating & dumping $ would clobber the $.  China dumping Treasuries would move Treasury rates big time.  Together, the $ could tumbleand rates could move 500 basis points in the same week.  That's an earthquake moment, followed by a bolt the medicine cabinet economic tsunami. 

China likes selling goods to us, and that would suffer for a while, but they would come out much better on this deal than the USA.

Wed, 04/20/2011 - 16:01 | 1189682 Temporalist
Temporalist's picture

Big protests in Syria today too:

Protest erupts in Syria's biggest city, dissident seized

http://edition.cnn.com/2011/WORLD/meast/04/20/syria.unrest/index.html?er...

Wed, 04/20/2011 - 16:09 | 1189726 tarsubil
tarsubil's picture

I bought physical on the last dip. Now I need to get that m14 or m1a for my attic. Thanks for the additional motivation!

Wed, 04/20/2011 - 18:01 | 1190169 squexx
squexx's picture

China may revalue the Yuan this weekend. There could be some action on the Greek front wth China stepping in and intervening in a Greek or even PIIGS restructuring. I'm amazed it hasn't been commented on yet! I'm guessing it's bullish for milk laced with melamine and lead contaminated toys!

http://www.wallstreetexaminer.com/blogs/winter/?p=3862

Wed, 04/20/2011 - 18:03 | 1190177 wawawiwaa
wawawiwaa's picture

Maybe we'll be able to stop listening to the BS of how china is doing so well and people will stop secretly hoping for a more authoritarian regime than we already have here!!! Enough w/ the China is the model to strive for BS.

 

And to KILLTHEFED..... Thank you ...... one of the few intelligent comments on this chat board that is full of gold standard ideology w/ actual little knowledge beyond the spewing of that rhetoric.

Thu, 04/21/2011 - 00:59 | 1191305 indio007
indio007's picture

1. Make Chinese version of Convoy!

2. ????

3. Profit!

 

 

"That's a big 10-4 rubber ducky."

Thu, 04/21/2011 - 20:33 | 1194811 spacecadet
spacecadet's picture

Our plan to unhinge the yuan is working. 

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