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Hacked CNN Reports "China Dumps All US Bonds"
It's one thing for the Comedy News Network formerly known as CNN to announce the opposite verdict on Obamacare as breaking news or that the TV studio formerly known as the NYSE is under 3 feet of water (based on what it saw on Twitter). It's something else entirely for it to report that China has declared semi-hot war on the US (unless of course CNN is merely reporting tomorrow's news today).
This is a cached version of a CNN website that appeared one short hour ago.
Luckily this time it was merely a a hack, as can be seen by the "article's" subsequent deletion from the live page and CNN's mea culpa:
- CNN SAYS SOME OF ITS SOCIAL MEDIAL ACCOUNTS WERE COMPROMISED
- CNN SAYS COMPROMISED ACCOUNTS INCLUDE TWITTER PAGE, FACEBOOK
But perhaps more telling is the complete lack of market response to even the hacked article, so different to the AP hack from last summer when the market plunged if only briefly following a hacked AP tweet. Just goes to show how irrelvant the once upon a time only news network has become.
h/t @rosswernej
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if this were true, it would be the black swan and wwiii all at the same time. our politicians would blame every last travesty of the last 30 years on those sneaky chinese communist. they would probably blow up one of our own carriers just to get all the chest thumpin red blooded murkins behind them.
Why would it be a currency devaluation?
The Chinese have, say, $1 trillion in US Treasuries. They sell them, the Fed creates $1 Trillion USD, trades them for the treasuries. China still has the same amount of assets, the total in circulation money supply stays the same, the only change is that the Fed's balance sheet expands $1 trillion.
First of all you are assuming an orderly sale and only a sale of a trillion dollars. The fed would have to absorb more than just China's bonds. Secondly who says China would want the dollars? If they are going to dump the bonds they aren't going to accept dollars in exchange. And finally if the fed could get away with that, why don't they expand there balance sheet to 17 trillion right now and absorb all U.S debt? Because they can't. The only reason they can get away with what they are doing now is because we have the reserve currency to export our inflation, and all purchases are orderly.
These notes transact in dollars. If they want something else for them, they are free to find some willing buyer somewehere else. They might get what, 60 cents on the dollar then?
This is the secondary and not primary market we are talking about. It doesn't have to be orderly. Sure, confidence will take a hit, but not much else.
"Confidence will take a hit, but not much else"
I'm pretty sure they said the same thing about Lehman, a two bit player in the grand scheme of things.
Sure, confidence will take a hit, but not much else.
Is it confidence that backs a Currency as the US Dollar? The reason that people take US Dollars as a payment is because of Confidence.
They have confidence that someone else will take them as a payment. The confidence is the FOUNDATION of the transaction.
If confidence takes a hit then people will not be willing to accept the Currency as a payment for Goods and Services. So PRICES RISE RAPIDLY in order to pay for the risk.
The MAIN CAUSE of a Hyperinflationary Event is the LACK OF CONFIDENCE in the VALUE, the Purchasing Power, of a Currency.
Currency, the Physical Currency, may be in Short Supply. Actually it will be and it matters not. If people do not believe that they can trade it to another for Goods and Services then the VALUE of the Currency declines precipitously.
A Government responds by printing more Physical Currency in higher denominations to satisfy the rise in prices. This does not serve to alleviate the problem and serves to exacerbate it as the Death Spiral magnifies in scale. Once the process starts, and the negative feedback cycle has crystalized, there is no stopping it from the final outcome.
There was a LACK OF CURRENCY at the beginning of the Weimar Republic Germany Hyperinflation. In fact the lack was so profound that people began to write their own promissory scrip.
Likewise the Bank Closures and Bank Holidays, as a result of such a Bond Dump, would cause a lack of Physical Currency in the Market. People will begin to write their own scrip in the hopes of the return to Normalcy.
Believe it or not I have read that in Alaska, when there was a lack of Currency, that people began floating Open Checks as Currency. This behavior is well documented. Just because Banks close does not mean that people stop needing Goods and Services. They will make do with what they have.
Yes Confidence takes a hit. But the CONSEQUENCES ARE DISASTEROUS.
Not much else??? You must be out of your mind.
Game on BITCHEZ! Smog is out of control and they are done with promises from our new Government, the Federal Reserve... Might just as well start posting the DEER everyday Tyler. We got pulled into what I have labled for years, The China Trap.
Bulls backed into a China Shop?
America has been needing to start the hangover since 2007
Long overdue. If true what took China so fucking long?
I can't wait to see Americans having at each other with knives and guns. We deserve each other!
they wouldnt have the ratings they have if the channle was changed in airport lobbys
CNN China Noogies Nobody
They will blame it on ( insert name of recent republican president dead or living)
My God! Somebody help him. He's stuck in the old paradigm.
that sounds like something a zh-er would write
Sounds like something the NSA would write and used as further proof that we need to "secure our internet".
17 year old eastern european dropouts with ten year old laptops are smarter than the entire nsa. snowden anyone? the nsa couldn't even hack a clueless target store if they tried.
Really.... give this vid a go.
https://www.youtube.com/watch?v=vtQ7LNeC8Cs
If they are so smart how did snowden walk out with every secret they have right from right under their noses? or, said another way,
Scw8ZChILxmQtUGQhAeA9PKP7nWxi/j66nZEitU3INLJpiMdYKpFbEvN/dSygko+SSVPjd6FBGUQ5MGfUmJMZMm1qWeeWDQnXXZI55JwYUdm6q5r
My bet is that they are way more worried about who is watching/hacking them than I am about their collection of my milf porn and mundane email chatter.
true as long as you like me am nobody. if tomorrow however, you run for Congress, I bet that milf porn bites you in the ass much like my group lesbian porn would
Does this mean that we should buy stawks tomorrow?
"Does this mean that we should buy stawks tomorrow?"
No, you silly goose!
This means that you should by U.S. Treasuries! But, so that you are not the least bit inconvenienced, your thoughtful and caring Government has decided to make the purchases for you. They will just swap them into your 401K and IRA accounts while you sleep or happily sit dazed in front of your television while watching<insert sports game or reality TV show here>. See, that was painless, wasn't it? And now, you're not burdened with those other pesky investments that could lose their value (unlike our AA rated bonds!).
Was running through some tax stuff for my girlfriend and she wanted to know what options she had for her refund if she gets one. One of the choices was Savings Bonds. I just started laughing and thought what are you fuckin kidding me they are going to give you a refund on something they will default on.
Then I thought I'm surprised they have not yet pushed the sheeple into receiving a portion of their refund in UST.
They are going to default on US Dollars at some point in time as well.
Liquidity is about the only benefit of taking that tax refund in US Dollars...the sooner...the better.
In fact it may make better sense to owe the IRS a little bit at the end and take US Dollars when you are paid, and not let the Treasury hold those Debtor's Notes for an average 6 months. You are losing out on the Purchasing Power of roughly 3.5% on aveerage if you believe the Shadowstats Inflation Rate.
Yeah, you got me. I have been waiting for an announcement like that. More like dreadding it. Then again, it would be fun to ram "I fucking told you so!" down everyone's throat and then head for the hills.
I read the Headline...missed to word "hacked".
Can you spell C O R O N A R Y ???
I wonder how many Heart Attacks that the members of ZH had as a result?
Now that event will be TEOTWAWKI.
I was getting ready to hide my dog.until I opened the article. Nothing worse than dog eaters coming to town.
#nottheonion
I attribute the increases in hacking and stupid corporate responses directly to the reduction in STEM position salaries caused by Indian H1bs and moronic management by pee brained MBAs.
They are affecting US corporate profits almost to the level that the NSA is, maybe more.
Start firing these asshats
Pretty amatuer. "China dumps bonds" isn't a great phrase for algos or sheeple. Nor is it a believable event. China dumps bonds and closes South China sea out of the blue? LOL that's like a Defcon 4 moment. You need to make it about NFLX or TSLA, or "Lebron James out for game vs Lakers with the flu".
"LOL that's like a Defcon 4 moment. You need to make it about NFLX or TSLA, or "Lebron James out for game vs Lakers with the flu"."...
"You need to make it about NFLX or TSLA, or Lebron James out for game vs Lakers with the flu causing a Defcon 4 moment" ...
Fixed it!
tick tock tick tock tick tock
China is in a cash; liquity crunch. Likely the 1.685 trillion in reverse repos since 12/11/13 are to shore up those bonzi's. Looks like a trigger crisis for the ole fellen yellen. fed fuds will need save us all again. Wonder how much TARP and tax payer bailout funds needed from we the people this time around? Add up those reverse repos. Liquidity sucked out to plug up crisis holes in the cracking damn some where if not China's dump of US bonzi's. http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
Not bailouts, Bail-ins! ... say the IMF
How many times does the Dear Progressive leader need to call wolf?
Obama admin chides GOP, warns of another shutdown without debt ceiling increase
He knows that he's Lucy and the GOP are Charlie Brown. He sets up the football and every. Single. Time. They come running...
I had a dream.
I had a drone. /s/ Barry
CNBS version of same headline..... U.S. declares China insolvent and threatens to buy all U.S. Bonds!
lol
Bullish for the DOW
>implying that The Onion is not America's finest news source
if true......hold on....gold should do quite well....
In a normal world, maybe.
Not true. It is a hack job on CNN. Bad joke...Really bad joke.
This story instilled a sense of instant PANIC. (It will not the next time...)
It is a good warning...a good Wake Up Call. It made me think about it.
First thing to do...Go to Bank and withdraw as much Cash as possible. Declaration of Bank Holiday to follow that announcement as that will cause the INSOLVENCY of every bank in the US.
Go to the store and buy up FOOD with ATM Card. Keep the Cash. Gasoline Station is the next stop for a Fill Up.
Cash will be King for following weeks.
Pray earnestly because we are screwed.
"Pray earnestly because we are screwed."
Yes, and give thanks that everybody saw it coming to allow as many as possible to prepare accordingly.
The plan to kill off the American military has worked well.
The plan to build up the UN/WB/IMF bankster mercenary foreign DHS forces in America has also worked well.
http://www.scribd.com/doc/8390997/Jack-McLamb-Operation-Vampire-Killer-2...
The banksters built up China to destroy America.
Now they plan to pull the rug out from all of them has already started with the softening down of the populations using the ELE fukushima Event.
Soon, the rug gets tugged out from under the world economy as soon as March. Who knows?
Hold on to your tickets folks, big lottery drawings ahead!
http://www.veteranstoday.com/2014/01/23/swiss-bankers-bis-and-the-house-...
If it really happened there would be a media blackout for the corrupt ones in DC.
Besides CNN and MSNBC wouldn't want any negative PR on Obama. Socialist/communist are experts at censoring information.
FYI - There is already a media blackout on anything Washington DC decrees. When it does happen, I will probably find out about it by being on ZeroHedge, shortly before the internet is turned off.
Blodget floated the same general idea yesterday.
http://tradewithdave.com/?p=19987
Hey Mr Hacker,
Please try "China Dumps All Gold" tomorrow at 3:45 p.m.
You know where to find me for the vig.
Well this nohing to get excited about as a long member of the Left. I can live long engough to watch the food, water, and other things as simple as tollet paper for a few months. Please everyone if this does happen good luck to you all. I do believe this so-called Amerikan govt. will do everything they can to move this out to late 2015. Melt down.
China trades all bonds for bitcoin, requires all future payments in bitcoin or gold, will announce conversion rates daily at noon o'clock Beijing time.
They can't make the tag-line that doesn't mention the hack bigger font than the title that has the hacking mention. I almost died of a heart attack reading that
So did I almost die from that. The ticker skipped a few beats.
FUCK YOU ZH for ruining my SHTF plan? What am I going to do with all of this booze/cigars/guns now? As if some goverment agency would care about those three things only.
Yea, but over on the Fox News website it had this headline:
US Navy Closes Caribbean Ocean; Seizes Banking Centers
And in a possibly related story: Canada Reclaims Sovereignty Over Vancouver
Looks like a net gain. The kicker was when the Treasury announced default by CUSIP number on a certain $1.3 trillion in notes and bonds.
Modern warfare is so....civilized.
China is the world's oldest continuous civilization. It has been obvious for a long time that a debtor will be at the mercy of the creditor.
For this, modern career politicians are to blame for keeping their people ignorant of the marauding 24/7 nature of international financiers (the rootless cosmopolitans) who will gut any nation, and maximise their private profits.
The USA now, and China next.
End the Fed. End the monarchy.
Notice that CNN has a hacked story that's THIS important and no one even notices - because no one watches CNN anymore.
AIPAC mouthpiece Wolf Blitzer is still receiving the official script to sell this upcoming financial war to the world, all for his paymasters, the central banks, led by the Rothschilds out of London.
Jews for Peace say: AIPAC does not represent me.
No one panicked because no one takes CNN seriously as a news source.
CNN lays off more than 40 journalists (Drudge). Revenge?
Obamacare.....
Thought it was time for the real world to kick in when I first read the headline
zip
China and others slowed their US bond purchases some time ago. If they are 'dumping' now, then the long predicted financial war has gone thermo nuclear.
Remember: the central banks, 'globalists', Rothschild led cartel, The Trilateral Commission have been moving their money power from West to East for some time, eg gold as one case in point. They decide when to collapse the West, while they sit thinking they are protected in the East, eg Hong Kong, Shanghai and other places.
Everything is planned, plotted and profits the international financiers, the rootless cosmopolitans.
End the Fed. End the monarchy.
The joke will be on them, then. The Chinese don't care much for Caucasians. When the Chinese have no further use for them they will confiscate all their possessions, round them up and harvest their organs. Couldn't happen to a nicer bunch.
That headline reads like an Nigerian email scam. :-)
Sometimes, real, genuine news appears despite the manipulators. Then disappears quickly, per order of the management. Journos know this.
I don't care about the motives of any whistleblower. I care only to know the facts.
If this story is untrue, then the status quo is testing the waters for a reaction...to know better what will happen when the bonds are dumped.
they call it floating a trial balloon, good point
Using China’s TV idea on installing a large captive audience with the sun rising. We in the US can install the Obama emblem TV with unicorns jumping the moon of hope.
Hacker? What a let down!
Who paid the hacker if what you say is true? The question is more important than the statement.
Old school investigative journos always pursue the source. If this story is true, you know what to do, ZH. If it is untrue, you know what to do, ZH.
Never be turned over by manipulators of any sort. Always consider the source. Who is it in this instance?
I went to my local grocery store and brought $500 worth of stuff after reading the headline. Now I just realized there is a word "Hacked."
Moron.
Not a moron. If anyone has $500 sitting around as "extra" and does not have all they need from a local store (esp. non- or slow-perishables) then they should go make those purchases. That is what debasement creates - a need to buy goods now as future prices will only be higher - - and while cash may have a bright spot before implosion, what goods will be available and for how long?
Think mother fuckers.
did you buy seal oil
and walrus flippers...
*sigh* We can only dream.
Who told them it was fake? They'd never figure it out on their own.
okay, call me an idiot, but where is the best place to buy bullion, 1 or 2 oz at a time with the best delivery rate and the least cost over spot.
i know some of you stackers have been doing this a long time but a close relative ask me and i don't have a clue.
Advice, Go for one ounce gold coin made in the last few years to avoid later 'assay' charges that you might have with some bulion. Avoid sales ptiches that push you toward rare old 'pneusmatic' 'investment' gold coins. Look for low markup above the spot price of gold. Google the name of the gold coin source you select and look for problems. Don't show off your gold stack to friends. My favorite is American buffalo 24 carrot one ounce. I prefer the 5 by 5 coin sheets. Keep in a safety deposit box until the dollar fiat becomes shakey. Get a commitment for delivery date. Hope this helps.
thanks. i appreciate the reply
@ are we there yet,
",...Keep in a safety deposit box until the dollar fiat becomes shakey."
assuming you gonna take them out from the SDB the moment the dollar becomes shaky, otherwise confiscation will be part of the doom.
Nobody beats Merit on bullion, be it last years Maple Leaf or 90 year old foreign gold coins, and it's free insured shipping on $1,500+ orders, not $5,000+ orders like most places.
Their 90 year old gold francs and gold sovereigns make nice fractional gold pieces.
have to check out merit, thanks
meh
china can't just dump their bonds, without doing serious damage to the value. in stock market terms they need a block trade, (repatriot?) which is a dirty word. you can repatriot your bonds if you are a foreign holder, but the damage to the currency exchange would be difficult, and the US is ready to devalue the dollar, (i think) but mostly on THEIR OWN TERMS< WE ALWAYS WANT IT ON OUR OWN TERMS. china has bought gold, the bitchez. we can't be sure if they bought physical or promissary notes. too bad. i still want to own it,. even if the Chinese have it and are not playing this game real well
They could dump their bonds by selling them all to the Fed.
Yes they can. It will destroy the vaue of those Bonds. But it will destroy the Derivatives Markets also. There would be an instant Credit Freeze. Every single Financial Institution in the USA would collapse. The Interest Rate Spike would be unprecedented as the market attempted to clear the Surplus of Bonds on the Open Market.
The US Dollar and the World Economy would be destroyed and it would be an act of overt WAR. That is how World War III can open.
All wars are Economic. All of them without exception. Ideology or Religion is the excuse.
The u.s. is actively monetizing it's debt, just on the fed side almost 4 trillion. We PROMISED the chinese we would not do this to their substantial holdings. I love the country I grew up in, U.S. 1960's. We are no longer that country. Moral reletivism has replaced right and wrong, and there is always a right and wrong. As a youngster our family had some hard times, We knew hunger, but never went to the food bank for dried milk and cheese because we had pride, That and the knowledge that there were those who were truly needy. I have lived my entire life as a man of my word, because to do otherwise would besmerch my honor, and without honor we are nothing. In my 53 yrs I have seen our country decend to the level of a third world shithole. Our elected representatives now represent only themselves. I have allied Myself and family with a group of like-minded indiviguals, we have banded together to keep an ember of Americas greatness alive.
The Chinese, in good faith took our promise that we would honor our obligations. And we in return have lied and cheated them. I do not care for the Chinese political system which brutalizes its citizens. But we gave our word, alas our once great nation is now run and mostly populated by liers, cheats and thieves. What once made us the exception in the world has been lost, and the world is a much poorer place with its passing.
Quaint old farts with honour are a thing of the past my friend ...
If gov takes their money in return for a bond (that is backed by the full faith of USA ) how on earth is it an act of war for them to want to redeem them? Are they supposed to just buy bonds but never redeem them ? Why does China or anyone else buy them in the first place if they know they can't redeem them at will ? A reasonable person would have expected China (and Japan) to threaten to dump the second the USA started printing their savings into oblivion ... 10 trillion later and nary a bump ?
Crazy stuff.
forwardho's post sailed 32,000 feet over your head my friend....
It was an act of War that the United States created them and sold those Bonds in the first place. Borrowing without the intent to repay is an act of STEALING THROUGH FRAUD. It is IMMORAL.
The Massive Dumping would be an overt response to the act of War. America would respond by escalating from an Economic War to a Hot War. I am not declaring that the response would be Moral but that is the expected reaction.
Honor is not a Past Relic but is that which needs be aspired to and applied if there is to be any hope of restoring confidence in that which has currently proven itself to be unworthy.
Moral Hazard has been replaced by Moral Relativism and that is what has lead us to the point of the deserved impending doom.
The youngsters just do not understand and in that we have failed to teach them the prudence and just behaviors needed for a civil existence.
When you see the FBI capture a 1978 heist, the question to ask. When will they bring down the same people living in the WH?
CNN has journalists?....
not real people, journalbots, they just roam the web.
CNN is the new Onion.
I find it deeply disturbing that unwitting ordinary people are being manipulated, all for their trust in the powers that be, whether that is politics, finance or media.
The USA is the only country founded on principles of individual responsbility that makes genuine, respectful community; a meritocracy.
The Old World Order hates that, and conspires against it, led by the international financiers and monarchy. They are now shifting their money from West to East under their 'globalization', their new feudalism.
End the Fed. End the monarchy.
I find it disturbing as well.
"The USA is the only country founded on principles of individual responsbility that makes genuine, respectful community; a meritocracy."
So how about this for a start on bringing it back.
http://meritocracyparty.org/
That is the hardest thing to stomach - that we never got rid of parasite Britain. Personally, I wouldn't mind seeing the monarchy scum blown to smitharines - including the likable ones - just for participating. We must teach them a lesson. It is time for the sun to set on the British Monarchy - and for history to forget it ever existed.
That is the hardest thing to stomach - that we never got rid of parasite Britain. Personally, I wouldn't mind seeing the monarchy scum blown to smitharines - including the likable ones - just for participating. We must teach them a lesson. It is time for the sun to set on the British Monarchy - and for history to forget it ever existed.
Chinese hackers hacked CNN to warn of what's coming.
How I wish that was true. The Rothschild-led Opium Wars out of London waged commercial, drug fuelled war against China's people, ruined China. Time for some payback. Perhaps then the Western people would see that the rootless cosmopolitan international financiers, the men in the shadows pulling the strings of politicians, are hateful money grubbing psychopaths.
Ok. 'Fess up. Which one of you did this?
Verbot.exe..load biteybot.....
Remember the dulcet tones of James Earl Jones rumbling smooth assurance of what channel you were watching?? Ah, good times..
Then he went all jedi/sith lord and there is the bush family treason cover up...and who knows what War we are fighting right now but we are in a conflict unknown as deadly as a shooting war and those in charge cannot say/admit because its all Mafia type stuff as all involved are criminals and to admit we are in a deep conflict
Is to expose the war is to expose the criminals so as all of these type do, they drive by speakeasys in duesenburgs and tommy guns
And hide the truth......hmmm lots of truth hiding.....thats my tipoff.
Oh...that should have thoroughly explained what happened at CNN..
End of line..
(Muffled nosies...owww! Someone hit the off switch the bot has gone feral again!!!!!)
Holy fuckballs. WTC7 anyone?
Good point. That is the story which came to mind after the initial shock.
The crafting and reporting of the storyline before the actual event...
Verbot.exe..load biteybot.....
Remember the dulcet tones of James Earl Jones rumbling smooth assurance of what channel you were watching?? Ah, good times..
Then he went all jedi/sith lord and there is the bush family treason cover up...and who knows what War we are fighting right now but we are in a conflict unknown as deadly as a shooting war and those in charge cannot say/admit because its all Mafia type stuff as all involved are criminals and to admit we are in a deep conflict
Is to expose the war is to expose the criminals so as all of these type do, they drive by speakeasys in duesenburgs and tommy guns
And hide the truth......hmmm lots of truth hiding.....thats my tipoff.
Oh...that should have thoroughly explained what happened at CNN..
End of line..
(Muffled nosies...owww! Someone hit the off switch the bot has gone feral again!!!!!)
Oh Look - Justin Beeber.
Didn't C(IA)NN just fire 40 "journalists" the other day?
Don't need journalists if all you do is regurgitate what your told and produce "mini-series" like Newtown.
"I know that that's the truth because that's what they told me to say."
Now they have 2 trillion in US dollars instead of 2 trillion in US Bonds.
So this is different how?
Then they take the 2 trillion Barackis and buy blow, whores, and maybe some gold.
Maybe they'd prefer gold futures contracts.
Maybe they prefer Physical Gold???
Other than spiking yields and a complete sell off in bonds. Not that much different.
Gung Hei Fat Choy! The Year of the Horse, according to the Chinese Zodiac. Or, in the case of CNN, the year of the horse's ass.
Whats this, China has dumped all her bonds into the South Dhina Sea?
I got excited for a second LOL
Hackery dickery dock, will the cat get spoofed by Spock?
CNN is as relevant as a spent tampon.
I see some Israel-First'er paid Hasbara shill troll with hemorrhoids has gone down the list and gave everyone one teensy weensy negative vote. Oooo so skurd nao!
I know no one who watches CNN Propaganda. News? LOL
I always thought CNN was going in the direction of the Onion or Weekly World News (http://weeklyworldnews.com/).
This confirms it.
Maybe it was a dry run for the real thing, and CNN has micrsoft engineers installing their propaganda network, so naturally it sucks ass and will explode a few times before officially going live. Bill Gates loves you, so does Ted Turner - just die already!
What if it is a real story and CNN was told to pull it? I forget yeah they just layed off a bunch of people at CNN. Something going on there fo show.
Kodos to the hackers! Hope they hit MSNBC, another worthless propaganda machine.
This is where it gets interesting. The US is attemping to cause a Chinese debt panic and the Chinese is attempting to cause a US panic.
Currency wars turn into fighting wars. Like in the 1930's
Remember when Reuters put up the Soros death article?
I wonder what Ted thinks? Probably gives two flying fucks.
Stack On
Psyche!
Good boy. CNN...
Syrian Electronic Army
Would someone explain, to one who does not own a boob tube. What is CNN????
pure mainstream crap if nothing else
A CNN hack may have more accurate reporting than CNN. Put that hacker on the payroll.
The FED takes over Nations this way.
The selloff in emerging-market currencies started in May, when the Fed signaled it may pare the monthly asset purchases that had helped fuel investment in developing nations. Yields on U.S. Treasuries rose.
End the FED.
Put Yellen in as Madoff's next Bunkie.
Gold smuggling into India is so massive that government duty is effectively worthless.
“A duty cut is not going to provide any major relief to jewellers as restrictions have not really reduced the gold appetite of Indians. Import has lowered only on government books. Gold is being smuggled. Hence, a duty cut is not going to serve any purpose. The government must relax the 80:20 rule,” said Daljeet Kohli, head, research, IndiaNivesh Securities. The duty is 10 per cent.
http://www.business-standard.com/article/markets/jewellery-stocks-up-on-talks-of-relaxation-in-gold-import-norms-114012300933_1.html
Was this a real hack or was it a "crying wolf" dry run?
If/when China does begin to dump US bonds, it will have less impact as people assume it's another false alert.
Markets are rigged by cheaters.
When it's real the markets will be closed before the first news is ever seen in public.
it's funny how MSM's websites are hacked much more often than alternative medias ...
A contrarian Frenchman's view of the world and declining US power. Makes interesting reading :
The paradox of America's fading empire - Nikkei Asian Review
ZH should comment this geopolitical and economic summary from a Euro contrarian.
Ok,
I read it carefully, I did not see ONE contrarian thought,
What I saw was a guy saying over and over "This is how I thought things would wind up", but always stating the obvious,
Please state how this guy is a contrarian, also notable he's a BUSH basher, and so what BUSH is out, and what he's says about OBAMA is very little.
He makes the USA sound like a paper tiger, ... but no where does he mention 'drones'
He says that all of the middle east wars are of "THEIR" own, making totally ignoring the fact that they're all engineered by CIA.
This guy is a 100% NSA/CIA WHORE for the USA, to spread bullshit in EUROPE.
He is not bashing anybody in particular except Pax Americana dominance. Its the long term trend he addresses. Those ME wars are engineered to protect the oil patch; nothing else.
Admittedly he does not go into the energy thread analysis as its not his strong suit. (Demographics and social contract, aka labour competitive advantage logic and trade offs is where he concentrates.)
Don't get into ad hominen logic, think big picture of geopolitcs.
He is contrarian to European elites stance on Euro. His explanation of economic protectionist trends is interesting iMO, particularly in relationship to transcontinental free trade type agreements hoisted by PAx Americana on surrogates.
He projects an alternative role for US power plays called "soft power" in the coming years, as opposed to current NWO neo con military sterile games.
Have we read the same article???
satoshi101, why should we europeans care if there is a Bush or an Obama in the Oval Office? on the other side, we have reasons to be concerned about US policies, which do have effects on us. get a grip, man. for someone claiming to live in rural China you show an incredible lack of cultural understanding
read again this paragraph: "When Bush was in power, Americans became -- by pretending to be so militarily powerful -- completely repulsive. But as soon as they admit that their power is waning, people on the periphery of the empire can start worrying about a world without the U.S. Army. And what they imagine is not very pleasant. Once the U.S. acknowledges that it is not the ruler of the world, once it acts reasonably, then many, many nations will realize that they need the U.S. This is the paradox."
remember, it's a French perspective. to which he adds
"Once the U.S. admits this, the decline in America's hard economic and military power will produce a rise in its soft power."
Joking appart : how would such a fact (Chinese pulling out of the USD) pan out ? I live in the EURO-zone : what do the ZHers think would be the consequences here and on what time scales ?
How would it Pan Out?... The Trip back to SPY 666 would be much quicker than the 5 years of QE that followed "the Banking Crisis".
They would close the Markets...all of them. There would not be a market at that point.
As the Euro is backed by the Dollar...
Let's put it this way...All European Banks would be insolvent overnight. You would have an instant freeze on all Capital Markets. Bank Holidays would be declared immediately. They would not open the Markets as people will panic and liquidate everything.
It would be an instant and total chaos. If I read that news I would go to the Bank and get as much cash as I possibly could get.
Paper Currency would be King for a few Weeks before the ensuing Hyperinflationary Inferno would destroy whatever value that it had.
It would be "The End OF The World As We Know It"....TEOTWAWKI. It is the reason that you buy Gold and Silver.
It is no joke.
"As the Euro is backed by the Dollar..."
That is what I' thinking ... but would it stay that way ? In other words if the USD goes 'pop' is there a fundamental mechanism that will take the EUR, GBP, JPY (maybe that one is going 'pop' on its own) with it ?
Is it due to the "interlinkedness" of all financancial products where doubt on one will immediately cast doubts (justified or not but there is no time to check it out) on other ones ? Or is it more fundamental ?
gold price.
delivery: no less than $2000/oz in the first HOUR.
Forget spot, look at what delivery will cost you.
We have ignition. Haven't seen a gold open like that in a while! Slamdown in 3....2...1...
GOD DAMN MAN!!! I read this story and missed the Hack; and went immideatly to the cart of an AK-47 I was going to buy and ordered 2 before I came back and seen it was Hack.... No Refund either on Gun Brokers; Anybody interested lol...