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"Off The Charts" How China Fooled The World

Tyler Durden's picture


China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate, wowing the world, as spending and investment has been undertaken on a scale never seen before in human history - 30 new airports, 26,000 miles of motorways and a new skyscraper every five days have been built in China in the last five years. But as we (and Michael Pettis, George Soros, and Jim Chanos - among many others) have warned, it is all eerily reminiscent of what happened in the West... the vast majority of it has been built on credit. This has now left the Chinese economy with huge debts and questions over whether much of the money can ever be paid back (spoiler alert: it can't and it won't).

The BBC's Robert Peston travels to China to investigate how this mighty economic giant could actually be in serious trouble.

As Michael Pettis, Jim Chanos, Zero Hedge (numerous times), and now George Soros have explained. Simply put -

"There is an unresolved self-contradiction in China’s current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years."

The "eerie resemblances" - as Soros previously noted - to the US in 2008 have profound consequences for China and the world - nowhere is that more dangerously exposed (just as in the US) than in the Chinese shadow banking sector as explained above.


Tired of reading about it? Then spend 2 minutes of your life with the following uncomfortable truth clips...

The past 5 years in China...


And here is Fitch's Charlene Chu (in a little over 60 seconds) laying out the ugly facts that are China's credit bubble...


Of course, the situation has become critical now as reform-imposed credit-crunch is rapidly spreading up the food chain proving that China has no painless way out and can only stoke the fire more in their already-burning house - as we noted here...


January's data was simply the final exclamation mark in a decade-long series in which China's prosperity has been simply the result of an exponentially increasing amount of loan and liquidity creation by the Chinese semi-national and government backstopped financial system.


Here's the problem: one can't put the January lending surge aside, as it came at a time when for the second time in six months the PBOC tried to taper, only to be forced to not only bail out its money markets, but is on the verge of a bankruptcy tsunami involving its shadow banking products, the first of which it also bailed out despite repeated warnings this time it means business and would let it die.

In this context, the January number is precisely what it appears: the bank's logical response to a liquidity crunch as the Chinese regime finds itself in the same spot that the Fed has been in for the past 5 years - it must keep the monetary spice flowing, or else the party is over. And just like the Fed, and now the BOJ, so too does China not want to deal with the fall out if all it takes to created yet another quarter of increasingly subpar economic growth is another record of funny money conceived out of thin air.

The only problem is that it is becoming increasingly difficult to hide all the pieces of funny money, most of which result in bad and otherwise impaired loans, under the rug. And just to show the problem in its context, here is how China's banks created some 50% more in bank loans in January than the QE credit money created by both the Fed and the BOJ combined.


And finally, here is China's nearly half a trillion in total liquidity added to the system in just one month (some deleveraging, right?) looks compared to the Fed and the BOJ's much maligned and unprecedented unconventional monetary policy.


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Sun, 02/16/2014 - 20:48 | 4443434 Leonardo Fibonacci2
Leonardo Fibonacci2's picture

ho li fuk wei tu low

Sun, 02/16/2014 - 21:03 | 4443472 old naughty
old naughty's picture

no ting wong...all according to t






wor ldis fu c ked.

Sun, 02/16/2014 - 21:17 | 4443501 DoChenRollingBearing
DoChenRollingBearing's picture

Central Bank of China: The spice must flow!

CB of DoChenRollingBearing: The gold must flow!*



*Well, bearings too...

Sun, 02/16/2014 - 21:55 | 4443647 Crisismode
Crisismode's picture



And what happens when the credit runs out?

Why do you think the Chinese bought 2150+ tons of gold in 2013,

AND just bought another 247 tons in January, 2014 alone?


They KNOW the whole thing is going to implode, and want to have as much physical gold in the vault as possible before it does.




Sun, 02/16/2014 - 22:07 | 4443682 TruthInSunshine
TruthInSunshine's picture

China is fucked 180 ways to sideways.

As sick and indebted as many western economies are, including those of nearly every EU state and the United States, a huge % of their debt is comprised of "unfunded liabilities," a huge % of which will be either not repaid or "haircutted" to the point of being wiped out via something along what would happen in a bankruptcy process - though it won't be announced or considered as such.

China literally has the worst kind of debt imaginable; EXISTING, CONTRACTUALLY DUE DEBT, and although the central government can intervene to ameliorate the crisis, there's no approach that doesn't pummel a massive number of people and businesses, regardless of the approach they choose.

Add to this the fact that China is now in an incredibly decelerating mode of its export-fueled & based economy, whereby other nations are rapidly paring back their imports of Chinese made goods, and consider that there IS MASSIVE PRODUCTION CAPACITY (FACTORY, R&D, etc.) BUILT UP IN CHINA THAT WILL GO UNDER-UTILIZED (a capacity, mind you, that can not only service all of China's domestic needs, but just about the aggregate amount of the developed world's needs if trade barriers fell even faster) AT A TIME WHEN CHINA IS LOOKING DOWN THE BARREL OF A DEMOGRAPHIC STRUCTURAL CRISIS, and only then can one begin to understand how completely and totally fucked China really is.


China + Japan are going to be the real, core catalyst for the next global economic crisis, which has already started, but that central banks have tried to hide from view by "papering over the windows."

Sun, 02/16/2014 - 22:29 | 4443726 ZerOhead
ZerOhead's picture

That's not a bubble in China... it's the resurrection of the zeppelin Hindenburg.

Time to buy my last tranche of PM's...

Sun, 02/16/2014 - 23:29 | 4443984 SafelyGraze
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"the vast majority of it has been built on credit"

building based on credit is, au fond, the way nations build

more credit = more and greater building

the US should follow the chinese example

14 trillion of new debt would at least allow it to catch up


Mon, 02/17/2014 - 00:25 | 4444130 malek
malek's picture

"But don't they own all the money to themselves?"

You know I really think we need more simplifications all the way down to stereotypes in the discussion of China's credit bubbles or non-bubbles.

Mon, 02/17/2014 - 03:45 | 4444392 James_Cole
James_Cole's picture

Sure they overdid it, but...

I know, it's all 'funny money' totally unlike the US. The US is all straight legit shit.

Silly Chinese, learn what a sustainable economy looks like:

Mon, 02/17/2014 - 04:34 | 4444435 The Vineyard
The Vineyard's picture

OK.  Ok.  The sky is falling.  We get it.  Bitches.

Mon, 02/17/2014 - 04:52 | 4444451 AldousHuxley
AldousHuxley's picture

US exports inflation to countries like China who manufactures consumer goods to hide true inflation from American consumers.


It is by design.

Mon, 02/17/2014 - 08:35 | 4444595 GetZeeGold
GetZeeGold's picture



It's worse than that.....they haven't been reporting their dore bar purchases.


Off the radar....that's how China rolls.

Mon, 02/17/2014 - 10:46 | 4444761 Muppet Pimp
Muppet Pimp's picture

Chinese girl gets run over and 18, count them, 18 people walk or ride by and ignore her plight.  Crazy.  Is there anywhere else in the world where that would happen (besides India)?


Mon, 02/17/2014 - 11:20 | 4444817 pods
pods's picture

Well Japan irradiated a good portion of their population.  Not as in your face as walking by someone in need, but the body count will be higher.

And then there is the Japanese homeless radiation cleanup crew, that ranks up there too.

Of course, Amerika has bum fights and the knockout game, so everyone has their share of worthless cocksuckers that need to die a horrible death.


Mon, 02/17/2014 - 11:31 | 4444839 Ying-Yang
Ying-Yang's picture

A good follow-on article:

Is China's Historic Credit Bubble About to Pop?

In five years, China's shadow banks have increased credit from 120 to 190 percent of GDP—a bigger run-up than the U.S. housing bubble.

Mon, 02/17/2014 - 12:19 | 4444928 bpj
bpj's picture

Using the term 'cocksuckers' is probably not PC as they now are a federally protected class. Perhaps we should refer to one of the last unprotected classes left...the 'muthafuckers' or if you Ivy league, 'mother fuckers'. Of course there is no telling what the left will do and at any moment Holder and crew might issue an edict giving legitimacy to the MFs.

Mon, 02/17/2014 - 14:13 | 4445183 Rafferty
Rafferty's picture

Just going to say India but you beat me to it.


I saw a corpse (traffic accident) by the side of the road while being driven into central Lagos (Nigeria).  People seemed to be going around their normal business,,,,

Mon, 02/17/2014 - 10:06 | 4444662 BoNeSxxx
BoNeSxxx's picture

"Hide true inflation from American consumers"

Harder to do with fuel and food however.  No fuel comes from China and they send America mostly food additives and finished processed foods like Melamine-infused baby formula and pet chow.

Now what were the two things that America doesn't include in its official CPI calculation again?  It's on the tip of my tongue...

Mon, 02/17/2014 - 10:21 | 4444731 dontgoforit
dontgoforit's picture

All they gotta do is cash in their T-Bills and presto-chango, accounts balanced.  Send 'em a carrier-load of new $100's.

Mon, 02/17/2014 - 10:42 | 4444755 Bangin7GramRocks
Bangin7GramRocks's picture

At least the Chinese have real physical objects to show for the trillions. Modern roads, non-crumbling bridges, modern airports and modern high-speed mass transit systems are all something most Americans dream of! What do we have to show for pissed away trillions?

Mon, 02/17/2014 - 10:47 | 4444764 FredFlintstone
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Maybe they should, but most Americans do not dream of high speed mass transit. I concur with your point though.

Mon, 02/17/2014 - 12:48 | 4444998 noguano
noguano's picture


Mon, 02/17/2014 - 02:26 | 4444311 Martel
Martel's picture

the US should follow the chinese example

Yay! McMansion for every citizen! Call it Obamansion. And while you're at it, why not top that with a brand new car or two? All courtesy of the Federal Reserve.

Mon, 02/17/2014 - 11:31 | 4444838 TruthHunter
TruthHunter's picture

"the vast majority of it has been built on credit"

Could we add "The vast majority of it has been built on substandard concrete"

In a few years will a building be falling down every 5 days?

Mon, 02/17/2014 - 03:27 | 4444365 Wile-E-Coyote
Wile-E-Coyote's picture

Yeah I'm buying today. Jesuuuus H Christ!!!

Mon, 02/17/2014 - 03:34 | 4444378 Space Animatoltipap
Space Animatoltipap's picture

The China crazy credit situation is of course just part of the $ based WW pyramid ponzi scheme. When one bigger domino falls the rest will follow. Already with tiny, tiny Greece the NY/London International Socialists had big problems to contain contagion. God's natural currencies, gold and silver, will protect one from the huge monetary madness coming. 

Mon, 02/17/2014 - 04:33 | 4444434 Remnant_Army
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I do not know why. But there was a funny feeling a month ago, when I went to my Ag dealer. Seemed like our last meeting...

More food, water and seeds, some books as well. That's what I need.


Sun, 02/16/2014 - 22:50 | 4443846 DoChenRollingBearing
DoChenRollingBearing's picture

That's an interesting analysis, TIS, + 1.

Demographics, environmental catastrophes and now debt.


My understanding is that their bearing plants have way too much capacity.  Their product, slowly getting better on the average, is hitting a saturation point in export markets (like Peru).  And, even with the increased car production and highways built, there is no way that domestic consumption could buy up all their bearings...

Sun, 02/16/2014 - 22:59 | 4443892 TheFourthStooge-ing
TheFourthStooge-ing's picture

Overbearing blobbing up capacity of Chinese citizenism can not be absorbed by variegate demand.

Just have to bear with it.

Sun, 02/16/2014 - 23:24 | 4443963 satoshi411
satoshi411's picture

Compare USA to China

China right now is 1950's USA, and everybody is middle-class and happy.

The Chinese consumer has nothing the USA consumer is full to the gill with SHIT. The chinese have jobs, the USA has no jobs.

In the USA everybody is miserable.

In China, the biggest problem for MOMMA is find a rich husband for daughter.

In USA, the biggest problem is making a batch of METH, and trying to find your PIT BULL.


The UK is 15 years ahead of USA on collapse slope, the USA is 60 years ahead of CHINA.


Want a better life? Move to Asia.

Enough said.

Sun, 02/16/2014 - 23:28 | 4443981 Handful of Dust
Handful of Dust's picture

Keep buying all the houses our Mexicans are buiilding for you...."Moar is Good'" ... Confucius say.

Sun, 02/16/2014 - 23:45 | 4444047 FredFlintstone
FredFlintstone's picture

I thought that there are still 1 billion peasants in China? Have things improved or is the middle class more of a relative thing?

Mon, 02/17/2014 - 00:43 | 4444179 massornament
massornament's picture

Good point... the one thing the People's Republic of China fears is the one billion peasants who are expecting a higher standard of living but probably won't get into the middle class.

satoshi411: two very big things are left out of your comparison... the U.S. was really the only major power left unscathed after WWII and throughout the 50s and 60s had ample supplies of cheap petroleum. China must compete like mad for resources and has already polluted the crap out of its country. I guess another important point is that since China has come to power during the West's financial autmun it in a way also imported the West's ponzinomics schemes. I shudder to think what those 1 billion peasants with think when China's bubble bursts (and generations of savings vanish). 

Mon, 02/17/2014 - 01:13 | 4444236 TMLutas
TMLutas's picture

Surely just the savings since Deng took over in '78. Mao and company killed them for hoarding if they were saving before then. 

Mon, 02/17/2014 - 02:32 | 4444314 TruthInSunshine
TruthInSunshine's picture

All China has to do is rotate their debt into bitcoin.

Done and DONE, bitchez.

Mon, 02/17/2014 - 10:25 | 4444732 dontgoforit
dontgoforit's picture

When those polluted areas force people out, watch out.  The will to survive is strong.  Who's will is stronger?  Theirs or ours?  There's a pot boiling, watch for the over-flow.

Mon, 02/17/2014 - 09:40 | 4444672 FredFlintstone
FredFlintstone's picture

Although there may be many uprisings, I hear that those 1 billion peasants will do anything the government says especially when spooked.

Mon, 02/17/2014 - 04:59 | 4444458 lakecity55
lakecity55's picture

"I knew the markets were going to crash when I stopped in a small peasant village and got some hot stock tips from the guy who carries the night soil. I called my broker in NY and sold everything."

Mon, 02/17/2014 - 00:15 | 4444111 hobopants
hobopants's picture

"everybody is middle-class and happy"

"the USA has no jobs."

"In the USA everybody is miserable."

"In USA, the biggest problem is making a batch of METH, and trying to find your PIT BULL."

"In China, the biggest problem for MOMMA is find a rich husband for daughter."

Hasty generalization fallacy:

"Hasty generalization is an informal fallacy of faulty generalization by reaching an inductive generalization based on insufficient evidence—essentially making a hasty conclusion without considering all of the variables. In statistics, it may involve basing broad conclusions regarding the statistics of a survey from a small sample group that fails to sufficiently represent an entire population."

Mon, 02/17/2014 - 07:38 | 4444534 Apostate2
Apostate2's picture

'China right now is 1950's USA, and everybody is middle-class and happy.'

What a codswallop tool you are. I doubt you have ever set foot in China except your local restaurant. Keep the dissembling and nonsense flowing you POS. We call you Guailo for a reason.

Mon, 02/17/2014 - 09:15 | 4444638 Spumoni
Spumoni's picture

Down arrows be damned, you make a point worth discussing. I personally prefer Brazil-just as corrupt as Asia, but just as many resources and far less pollution. Fewer generals to deal with too.

What I really wish, though, is that the idiots running the US and Europe off the rails would get a new idea, and realize that human freedom is the author of their success. Police states do not run well or end well. At the end of the day, wtf is wrong with having a prosperous, well-educated population? They spend money and don't riot.

Plus, we could spend our capital figuring out how to colonize another rock somewhere. This would provide some planetary relief from the locust-plague of consumerism and give ZH'ers a chance to go miine that giant diamond in the sky!

Mon, 02/17/2014 - 09:30 | 4444660 People'sRepubli...
People'sRepublicof CT's picture

Come the global reset, locally sourced natural resources will be key because international credit will be zero. China has already exported most of its "energy" through cheap steel and aluminum. That is why they are mining low quality coal in the most remote western regions. While the USA is (and will be ) broke, they will not have to source many of the needed natural resources globally . Therefore the USA could be one of the few countries post global reset to somewhat self reliant. China will have 1.5 billion hungry, mainly urban citizens.

Mon, 02/17/2014 - 10:17 | 4444717 sessinpo
sessinpo's picture

satoshi411   China right now is 1950's USA, and everybody is middle-class and happy.

The Chinese consumer has nothing.

In China, the biggest problem for MOMMA is find a rich husband for daughter.


That does not compute. Try again.



Mon, 02/17/2014 - 10:21 | 4444729 FredFlintstone
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Why not? In 1950's America every mother wanter her daughter to marry well. A rich doctor was the prize.

Mon, 02/17/2014 - 10:58 | 4444779 kaiserhoff
kaiserhoff's picture

Hard to believe now, but doctors were not rich in the 50s.

That didn't really kick in until Lyndon Johnson made all their bad debts good with medicare and medicaid.

Example from the 60s.  I remember the buick being pitched as the Doctors' car.  Upper middle, but no big deal.

Mon, 02/17/2014 - 11:33 | 4444846 FredFlintstone
FredFlintstone's picture

Rich is relative and to the middle class, doctors have been perceived to be rich for at least the past 60 years. Most doctors are still upper middle. But I get your point.

Mon, 02/17/2014 - 11:24 | 4444826 BandGap
BandGap's picture

You're really stupid.

Do you know how many more men there are in China than women?

I wouldn't live in China for free. It's a shithole.

Mon, 02/17/2014 - 03:31 | 4444372 effendi
effendi's picture

DCRB, a question for you.

So all that existing Chinese bearing capacity will still be churning out product at a break even cost (no depreciation, no recovery of sunk costs, no loan repayments etc) and dumping it on the worlds market for years to come utilizing the enormous labour pool they have post economic collapse who will work for a few bowls of rice/gruel each day.

Other on quality how will the rest of the world obtain any market share for their bearings?

Mon, 02/17/2014 - 05:08 | 4444464 lakecity55
lakecity55's picture

ChiCom roller bearings are made with lead in the ingredients. They wear out fast, so  surplus will be quickly used up.


Mon, 02/17/2014 - 11:26 | 4444829 DoChenRollingBearing
DoChenRollingBearing's picture

effendi, first of all I am not an expert, even though we buy from them, they keep many things secret.  As to your question, I believe that the rest of the world, overall, is losing market share.  But, there will always be a market for the high-end bearings (for Mercedes owners, for Cat equipment and big bearings for mines).

Mon, 02/17/2014 - 06:38 | 4444491 TheGoldMyth
TheGoldMyth's picture

DoChenRollingBearing: "there is no way that domestic consumption could buy up all their bearings..." ....exactly!!

During difficult times caused by the banking system directly, the military industrial complex is now the rolling bearing buyer of last resort in the same way that central banks have become the gold buyers of last resort to keep the price of gold high.

Mon, 02/17/2014 - 00:56 | 4444202 tickhound
tickhound's picture

Like the west debt money can be infinite and ultimately relies on confidence. Shorter term, and assuming our current economic models, China's bigger worry is technological innovation and automation and the need to "employ."

However, their populace is used to a "one child left behind" strategy as opposed to our "no child left behind have as many as you want strategy." They are used to subsidy in mass and have little guilt relative to the west. They consume much less. In other words, they've been managing growth for years and are more prepared for a world with less "economic growth" than what we depend on. The west isn't managing growth, it's looking for it anywhere it can find it.

The money/profit systems are cannibalizing from both ends. As fewer borrow and spend, profits suffer. As profits suffer, labor (has always been a cost) is cut. As automation replaces more and more labor from unskilled to skilled, subsidy grows.

It's a no win. There is no "way to do it better." There will be a global transition. Some cultures may be better prepared than others.

Mon, 02/17/2014 - 09:57 | 4444697 Raging Debate
Raging Debate's picture

Tickhound - Well put. It is a global transition period. First in depression, first out is the general rule but we do have some serious headwinds here in America. For China, it is more like 1932 in America. There policy response plowing huge money into infrastructure (alongside a lot of Western capital) was similar to ours in 1932.

I think your seeing confidence rise here a little not because its awsome, but because its bottomed out here and businesses know stagflation will be what we have for a few more years but there can be growth. Tepid growth sucks but not financial armaggedon either and busineses are baking that into the came

I could grow my small business faster but I am catious (many risks caused by government taxation) and it is a shame about Obamacare in particular, it discourages me from hiring full time employees because providing healthcare insurance now creates expensive employee burden.

Mon, 02/17/2014 - 08:01 | 4444554 thestarl
thestarl's picture

No wonder the Macau casinos have been going gangbusters all that funny money being washed by all these corrupt little fuckers man this will be something else

Mon, 02/17/2014 - 14:37 | 4445259 tarsubil
tarsubil's picture

The first three words is all you really need to say.

Sun, 02/16/2014 - 22:14 | 4443709 ZerOhead
ZerOhead's picture

Credit runs out?

Simply unpossible... after all that's what central banks are for...

Mon, 02/17/2014 - 01:18 | 4444246 salvadordaly
salvadordaly's picture

Damn it, a race to the bottom! This is not what I was planning on. Must sit down and work out a new strategy. Quick give me that eraser!

Mon, 02/17/2014 - 01:57 | 4444276 salvadordaly
salvadordaly's picture

Deleted double post

Mon, 02/17/2014 - 04:59 | 4444457 spdrdr
spdrdr's picture

The eraser worked then, did it?

Sun, 02/16/2014 - 21:16 | 4443502 kaiserhoff
kaiserhoff's picture

"China will be fine."

  Dim Sum Dick Bove

Anyway, the US only has empty malls backing its real estate debt.  China has whole ghost cities.

Why does that not fill my heart with everlasting joy?

Sun, 02/16/2014 - 21:38 | 4443565 SoilMyselfRotten
SoilMyselfRotten's picture

Wonder if they're paving those streets with gold...

Sun, 02/16/2014 - 23:59 | 4444078 satoshi411
satoshi411's picture

Ghost city's versus GHOST-MALLS?

What is the fucking DIFF?

Only one I can see, in USA GHOST mall owned by wall-street aka USA pension paper.

In china ghost-city  ( all new made of concrete ) are owned by government,...


When SHTF the US 'ghost' model implodes and hurts the PENSIONER. In China, .. the worse thing that can happen is free housing for poor.


Mon, 02/17/2014 - 00:06 | 4444094 rbg81
rbg81's picture

Went to China last year and toured a relatively new university campus that was about 5 years old.  Despite it being "new", it was already falling apart.  If I hadn't known it was new, I would have guessed that it was at least 20 years old.  The construction was very shoddy.   The sad part was all the Chinese seemed so proud of it--they just didn't know any better.  Same thing later when they took me to a riverfront part.  The river was extremely polluted and foul-smelling, but people were swimming in it.  Again, my hosts had no idea of how bad it looked--at least to Western eyes.

That, plus a lot of other observations, left me less than impressed with China.  My take is they have tried to force modernization and made a lot of mistakes.  The bill for those mistakes has yet to come due, but it will hurt like an SOB when it does.

Mon, 02/17/2014 - 09:19 | 4444643 Spumoni
Spumoni's picture

True-but building and health stanfards in the early 20th Century in the US and Europe were no better-which is why building codes and licensing for medical practitioners were instituted. A good read on the subject is Lewis Mumford's book The Brown Years. 

Mon, 02/17/2014 - 05:10 | 4444466 lakecity55
lakecity55's picture

Hey, I see signs everywhere that say "Space Available," whatever that means. So, the space market must be doing great.

Mon, 02/17/2014 - 08:05 | 4444558 thestarl
thestarl's picture

One could only imagine how piss poor the workmanship would be in all this shit they've built over the years

Mon, 02/17/2014 - 09:17 | 4444641 sunnyside
sunnyside's picture

I've been thinking that the whole time they were building the Yangtze River dams.  Wait until one of them blows.

Sun, 02/16/2014 - 21:02 | 4443468 Jannn
Jannn's picture

The End Of Bretton Woods And The Race To The Bottom, 1971

Sun, 02/16/2014 - 23:15 | 4443938 Fish Gone Bad
Fish Gone Bad's picture

No one ever wins a race to the bottom.

Mon, 02/17/2014 - 00:19 | 4444121 RafterManFMJ
RafterManFMJ's picture

Barney Frank did.

Mon, 02/17/2014 - 04:11 | 4444413 -NaN-
-NaN-'s picture

Barney Frank likes bottoms.

Sun, 02/16/2014 - 21:26 | 4443532 BeanusCountus
BeanusCountus's picture

Always kinda wonder bout how much of their data matches, or beat, consensus. Lots of contradictory stuff given electrical power use, etc, etc. this growth story that fuels the markets may not be right? Ho, Li, Crap. But i still appreciate a general Tso chicken now and then.

Sun, 02/16/2014 - 21:26 | 4443537 BlueStreet
BlueStreet's picture

I posted this the other day in another related story but this VICE story on Chinese real estate is worth checking out.  Chanos is featured.

Sun, 02/16/2014 - 22:42 | 4443818 AngelEyes00
AngelEyes00's picture

China's lost their collective minds!!!  How can that situation not end badly?  Their idiots.

Sun, 02/16/2014 - 23:04 | 4443906 TheFourthStooge-ing
TheFourthStooge-ing's picture


Their idiots.

Easy to say with hind legs. But hey, when you remove our idiots, only thing left is their idiots.

Mix mashed potatoes.

Mon, 02/17/2014 - 13:15 | 4445058 G.O.O.D
G.O.O.D's picture

Their idiots. No you fucking idiot, it is they're idiots. As in they are. If you are going to bash intelect, make sure you do it correctly or you will look like a TOTAL idiot.

Mon, 02/17/2014 - 13:19 | 4445066 akak
akak's picture

MY idiots, write or wrong!

Sun, 02/16/2014 - 23:33 | 4444002 zorba THE GREEK
zorba THE GREEK's picture

only holding physical PMs comforts me. How about you?

Mon, 02/17/2014 - 00:34 | 4444155 TheReplacement
TheReplacement's picture

First, on topic, and funny... golf clap.

Sun, 02/16/2014 - 20:51 | 4443446 Thurifer
Thurifer's picture

Must keep the Spice flowing eh? I think the Guild navigators see trouble ahead..

Sun, 02/16/2014 - 21:55 | 4443618 fockewulf190
fockewulf190's picture

Here is the plan:  China is buying every last gram of gold it can get it´s hands on. After the LBMA and the Comex are bled dry and disintergrate, the Shanghi Gold Exhange takes over. Gold marches to $50,000 an ounce.  It could go even higher, but lets take this number for example.

1 metric ton gold = 35,274 ounces @$50,000 an oz. = $1,763,700,000

100 tons @$50,000 an oz. = $176,370,000,000

1000 tons @$50,000 an oz. = $1,763,700,000,000

China last reported having 1054 tons back in 2009. It probably has five times that amount today at least.  When the dollar finally implodes as the world´s reserve currency, the Yuan takes over.  The sheer amount of gold they will posess, coupled with a high gold price controlled through their own exchange, means they will have their debts covered. Gold will be priced relative to Chinese debt levels when they have full control. The west will be financially destroyed in comparison  because they will have little to no gold left.  The Chinese public, having been encouraged by the government to buy gold and silver the whole time, will be enjoying the ride big time.

Why else is China buying so much gold? 


Sun, 02/16/2014 - 21:59 | 4443664 Crisismode
Crisismode's picture



See my comment above.

You are absolutely right in your analysis.

The Chinese are amassing huge amounts of credit.

While, they are amassing huge amounts of gold.

They will default on the credit, BEFORE the west has a chance to default on theirs.

AND THEN, they will declare the RMB a gold-backed currency and scoop the world reserve status right out from under the dollar.

Clever, no?


Sun, 02/16/2014 - 22:18 | 4443718 fockewulf190
fockewulf190's picture

The must gain control of gold pricing first IMO before they make their move.  I even expect  Sprott´s PHYS to be eventually ravaged by the Chinese.

Sun, 02/16/2014 - 23:22 | 4443961 Fish Gone Bad
Fish Gone Bad's picture

The New World is full of gold.  Did you ever wonder where the Aztecs and Incas got all their gold from?  They did not mine it, they picked it up off the ground.  China can buy all it wants.

Sun, 02/16/2014 - 22:19 | 4443719 kevinduhand
kevinduhand's picture

And what do you think will happen when they declare the RMB a gold-backed currency? You think our corporate masters are that dumb? Remember Abe Shinzo? Yes Abe will help us turn the tides by starting WW3!!! USA and the allies of the free world will liberate the Chinese with bombs!

As soon as Beijing gets nuked, the warlords will declare independence from the Gaddafi and guess what happens to the debt? POOF! Just like Magic!

We as slaves should have faith with our Jewish corporate masters!

Sun, 02/16/2014 - 23:43 | 4444037 TheRideNeverEnds
TheRideNeverEnds's picture

Exactly, we will liberate the Chinese (gold) from Tyranny, just like we did to Germany. 

Sun, 02/16/2014 - 23:56 | 4444071 satoshi411
satoshi411's picture

That's funny when AIPAC(OBAMA) told the US-MIL to bomb and invade SYRIA the US-MIL told OBAMA "GO FUCK YOUR SELF"

Same now with UKRAINE, ... US-MIL tells OBAMA go fuck yourself.


The US-MIL will never go to CHINA on behalf of AIPAC, sure AIPAC would love that their 500LB gorilla on leash ( USA ) kill the rob, and rape the world, but the KILLER's, aka US-MIL, can and does say "FUCK YOU" to AIPAC.


Mon, 02/17/2014 - 12:53 | 4445013 laomei
laomei's picture

China's got a shitload of nukes as well.  Japan's in a position of reliance on China economically and has a shitload of investment in China, as there's zero growth in Japan.  So Japan picks a fight.  China responds by slapping an embargo on Japan, freezing all Japan-related accounts and nationalizing all Japanese investments.  Japan's in a bit of a pickle now, as their only choices are escalation, collapse or admission of defeat.  Escalation will be met by glassing the place.  It's right next to China, there's zero actual warning, and no time for the US to do much in the way of stepping in.  There, now all the Japs are dead, people might bitch at China about it, but all the Japs are dead, that part of history is now over.  The rest of the world now faces a decision, fuck themselves over by attempting to sanction China, or just move on.  China still has the whole war criminal and attempted genocide cards to play, so it's not like it's coming from nowhere.  

Sun, 02/16/2014 - 22:26 | 4443735 satoshi411
satoshi411's picture

I agree with what your saying, the only problem is you get your information from western BIAS, and mis-information.


Yes, gold is bought on credit and yes it will go UP, but make NO mistake that anybody is going to KEEP the GOLD forever.

Land is held forever, and farms, and homes for future family, but GOLD is just a cyclic investment, and it will be dumped when it reaches the expected cyclic peak of 500 RMB/gram,

Asian's NOT are stupid, only a western hairlip thinks BTC will go to a 1M USD, or gold will go to $50k.

[ We have a saying in CHINA you don't FIGHT CHINESE MOMMA, and if she say's she will SELL her gold at $2392 USD ( ounce ), then she will, and GOLD, will go down, until MOMMA see a new BUY range and then process repeat itself. ]


Sun, 02/16/2014 - 22:37 | 4443789 fockewulf190
fockewulf190's picture

Asians are indeed not stupid.  If a chinese mother wants to sell her gold at that level, then she will, but the main player in this Game of Thrones is the Chinese Communist Party, and I guarentee you THEY will not sell their gold for that amount.  Not with the amount of debt they have on the books and with a very good possibility that they will gain control of the gold market in the near future.  No, the Chinese are the only nation on this Earth right now who are truly planning for the future and they are looking out for number one. 

Sun, 02/16/2014 - 23:19 | 4443951 satoshi411
satoshi411's picture

Asians sell their GOLD for CASH on the street and only CASH, GOLD is the most liquid asset in ASIA.

The GUBMINT don't have a fucking thing to do with GOLD.

The GUBMINT however has TOLD the people "BUY ALL THE GOLD YOU CAN", cuz when the USA-RESET comes and it will, the CHINESE GUBMINT doesn't want its people hurt.

on the other hand the USA gubmint doesn't give a fuck about its people,

and in the USA buying/selling GOLD on street isn't possible and it is government controlled.

Is asia buy/sell GOLDi is just a cash transaction with no paper record.


Sun, 02/16/2014 - 23:38 | 4444019 hobopants
hobopants's picture

China is going to go boom like a nasty fart because they decided to copy our dumbass system of central planning. They don't have any kung fu super powers, or moral superiority. They will be in the same boat everyone else is in when this thing blows. Do away with your nationalistic optimism bias and think objectively.

Sun, 02/16/2014 - 22:53 | 4443861 DoChenRollingBearing
DoChenRollingBearing's picture

satoshi411, you say CHINESE MOMMA is going to sell her gold at around $2500 or so.

No way I am selling any of mine until we hit mid-5 figures...

Sun, 02/16/2014 - 23:52 | 4444065 satoshi411
satoshi411's picture

So CHEN now your telling us that your a CHINESE-MOMMA?

I hope your young, cuz it will take a long time to go mid-5 figures in USD, sure could happen, but I think USD will evaporate long before.

Remember CHINESE-MOMMA is 50+ she can't take it with her, so she has to cash out in next 10-20 cyclic high to enjoy good life.

You sound like an 18 year old white-kid probably ABC, ... but for sure young, so sure you HOLD your GOLD in SGD or CHF,... it will go up.

Yes, when the USD is worthless it will take 100 M USD's to buy a loaf of bread so fucking what?


Anyway's your talking 'speculation' ( not unlike fonestar ), chinese-momma talking investment ( sure thing ).


Mon, 02/17/2014 - 00:36 | 4444157 DoChenRollingBearing
DoChenRollingBearing's picture

Well, thanks for playing, good guesses, but wrong on all counts.  I am a 57 yr white bread married to the nicest Peruvian-American in town.

That would be $55,000 / oz non-hyperinflated 2009 US$.

My physical gold is in six different places.


"Do Chen" means "rolling bearing" in Mandarin a Chinese-Peruvian guy told me years ago.  That's why I chose my moniker.  We buy some of our pieces from China.


10-4 re speculating in BTC.  That is about the ONLY thing I speculate in now.

Sun, 02/16/2014 - 23:27 | 4443975 hobopants
hobopants's picture

The 800 pound gorrila in the room is the US military and whether or not the citcumstances surrounding the coming collapse will allow for it's mobilization. If things hold together long enough for a false flag, then we would simply plunder the resources we need from China or whoever. Not saying that's a good thing, just saying the people up top will do anything to stay there.

On the other hand shit could go so bad that the military stops getting paid and we end up selling all the equipment at fire sale prices. Either way it sucks.

Sun, 02/16/2014 - 23:48 | 4444052 satoshi411
satoshi411's picture

IMHO CHINESE and USA love each other.

Let's NOT forget here that we fought the JAP's in WWII, but CHINESE were are friends.

Most CHINESE to this day love USA, cuz we BOMBED Japan with NUKES.


Why in the fucking hell would US-MIL want to fight CHINA? Stupid fucking assertion.

US-MIL wants free OIL. US-MIL doesn't want rice or desert.

US-MIL is fed by FIAT, and when FIAT goes bust, US-MIL is fucked, which means PENSION is fucked.

CHINA is buyer of USA FIAT, thus US-MIL pensin is fed by CHINA.

US-MIL Generals are stupid.

All this CHINA bashing is gold-man-sacks orchestrated and not a fucking thing to do with US-MIL.


Mon, 02/17/2014 - 01:00 | 4444208 hobopants
hobopants's picture

You do love your over simplifications and baseless generalizations don't you.

"IMHO CHINESE and USA love each other."

"Most CHINESE to this day love USA, cuz we BOMBED Japan with NUKES."

The united states is allied with Japan and subject to a mutual defense treaty. No such arrangement exist with China

"US-MIL is fed by FIAT, and when FIAT goes bust, US-MIL is fucked, which means PENSION is fucked."

This is only one possiblility among many, depends upon the speed and magnitude of the collapse and also the American militaries response in such an event.

"Why in the fucking hell would US-MIL want to fight CHINA? Stupid fucking assertion."

Look up Thucydides Trap. 

"US-MIL wants free OIL. US-MIL doesn't want rice or desert."

China has more that just rice and deserts they have Gold in abundance now for example and:

"China has abundant mineral resources. A total of 171 kinds of minerals have so far been discovered, of which 158 have proven reserves. These include 10 kinds of energy mineral resources such as petroleum, natural gas, coal and uranium; 54 kinds of metallic mineral resources such as iron, manganese, copper, aluminum, lead and zinc; 91 kinds of nonmetallic mineral resources such as graphite, phosphorus, sulfur and sylvine; and three kinds of water and gas mineral resources such as underground water and mineral water. Currently, the supply of over 92 percent of China’s primary energy, 80 percent of its industrial raw materials and more than 70 percent of its agricultural means of production come from mineral resources."

"CHINA is buyer of USA FIAT, thus US-MIL pensin is fed by CHINA."

China only holds 8 percent of total US debt.... they are not paying the military.

"US-MIL Generals are stupid."

This isn't an argument. It's just an ignorant statement.



Mon, 02/17/2014 - 03:33 | 4444374 Gief Gold Plox
Gief Gold Plox's picture

It seems that China is economically more free than the EU. At the very least they're allowed to default. Say that word in the EU and they'll force a Grecovery on you.

Noone defaults evah! EVAH! Draghi will do whatever it takes to prevent defaults.

Mon, 02/17/2014 - 11:05 | 4444794 Raging Debate
Raging Debate's picture

Crisismode - You and the other commentator are right about China becoming the reserve currency. However, it is a feature not a bug to inside leadership in the West. First they will have to go through a depression and reorganize. The West wont be destroyed by this happening. We'll have to learn to spend within means. The population has been learning how to do it, so will leadership. I know the fear, leadership hyperinflates. I dont think so.

Sun, 02/16/2014 - 23:21 | 4443958 ptolemy_newit
ptolemy_newit's picture

from an earlier post

"Think those truths are going to be volunteered?"


Janet will change directions, her place in history is more important than following her leaders demands.  She will appear to commit treason on her oligarchs.

The USD will rise from the ashes as the global economies fail.   The reserve status has one more long cycle before its demise.

Deflation is the plan, of course not until your enemies have amassed large amounts of commodities that can be bought back on the cheap.

Dr. copper will lose its support in China as a loan / banking method as corruption is squeezed. 

 Commodity countries (including Russia) will need to feel the pain to fall back in line. Who do they think they are?

Sun, 02/16/2014 - 23:29 | 4443983 Dollarmedes
Dollarmedes's picture

Your facts are fine. I disagree with the interpretation and predictions:


China will default, it's inevitable...and their credit rating will go to junk. If they then issue a gold-backed currency, what's to stop them monkeying with the exchange rate? So, say it starts at 35 [new renminbi] to the ounce. People that buy into this new currency will be trusting the Chinese to stick to that rate; the Chinese: the people/government THAT JUST GOT DONE DEFAULTING ON THEIR DEBTS!

Coupled with this is the problem of being a reserve-currency nation. That requires that other countries hold your currency. But China is, has been, and probably will continue being a net exporter. This means that they cannot export their new currency.

But let's say they somehow find a way to export the new currency. The immediate instinct will be to trade the notes in for physical gold. Without this guarantee of convertibility, the notes are not really BACKED by gold...they would be worthless. If the notes are converted to gold, China's reserves will bleed away.

Even if the new currency weren't backed, but MINTED from gold you would have to have a near-even balance of trade or else the physical reserves would either A) deplete for China or B) deplete for a net-importing (from China) nation. I.e. that's not sustainable.


One way or another, currency in any form will depend on some sort of trust...the one thing NOBODY will have after a collapse.


Of course, I'm not an expert so I'd love to hear where I'm wrong on this.

Mon, 02/17/2014 - 00:17 | 4444116 401K of Dooom
401K of Dooom's picture

That's probably the best assessment I have heard.  Too bad all we have been buying are the Kardashians, Windows 8 and Obama Phones!

Mon, 02/17/2014 - 07:56 | 4444547 Offthebeach
Offthebeach's picture

Could be.
Plus it could also be typical group think central planning wet dream.
Or their is no plan.
Correlation is not causation.

Mon, 02/17/2014 - 09:46 | 4444678 Sean7k
Sean7k's picture

One, reserve currency status is not necessarily a good thing. It requires that you take on more debt than credit to insure there is enough of your currency available for use by the world. This hasn't done America a lot of good. It is a more complex equation than that. Especially if the world, drowning in debt, is incapable of firing the engines of commerce and thus continues to see less consumption.

Two, gold is capital, but it is unworking capital unless put to use as collateral for loans.Yes, it can support yuan values, but that merely makes China's products more expensive and less desired the world over. If China is forced to sell it, the west can then dictate value. Yes, gold is insurance also, but only for someone who wants to save it and remove it from the system (effective for drying up liquidity). 

Three, Saudi Arabia was going to take over the world in the seventies through oil. Japan was going to overwhelm us in the 80's through efficient production and management, now China is going to conquer the world through cheap labor and massive reserves. See a pattern developing here? 

The Elites like us scared and uncertain. It makes for better slaves. The reality is much simpler: they control the whole world, they manage the populations to minimize costs and maximize profits. Luxury is contained within small working groups of chosen sycophants with ever widening circles of control placed beneath them. Advantages are carrots, failures are met with sticks. We worry who is winning, they continue to write the script.

The Elites control almost all of the gold. So, it is obviously important, but will we ever be able to use it as a shield against them? Methinks not. Know your enemy like you know yourself. Never take anything he gives you (propaganda, education, war). Never let them pick the field of battle (politics, money, law). 

Unless you enjoy slavery...

Sun, 02/16/2014 - 20:54 | 4443452 El Oregonian
El Oregonian's picture

The Mee Mynasty

Sun, 02/16/2014 - 20:56 | 4443455 satoshi411
satoshi411's picture

I have been out of here for two weeks, just returned from GuanZhou, where I attended a "CHINESE MOMMA" gold conference,

I can say this in all coversations here on the ground I noted no negativity or alarm the consenus will be that GOLD will go to from 300 RMB to 500 and then all momma to sell.


Just saying.


Sun, 02/16/2014 - 21:03 | 4443470 FredFlintstone
FredFlintstone's picture

Hook up with any mommas? Price seems low, what units?

Sun, 02/16/2014 - 22:17 | 4443714 satoshi411
satoshi411's picture

They buy by the GRAM, and think in GRAM per YUAN/RMB,

I buy the TAEL here and usually think in USD. Small bars's of 5, 10, or 20 tael are my preference.

Most chinese momma prefer 'jewelery gold' so they can go to private party's and flaunt their wealth.




So gold at $1200 and 28 grams to an ounce is $42 USD per gram of gold.

Right now YUAN/RMB trades 5.9 to the USD. So call it 240 RMB per gram of gold, ... the sights are all on 500, just telling you guys so that you know what's up.

The western media likes to feed folks with shit, ... but CHINESE-MOMMA have plan, and chinese-momma control everything in CHINA, ...what they're saying is they'll accumulate all they can under 300 RMB/gram, and not sell until 500, but at 500 there will be MASS selling, total unloading. Then the process repeats.


Here on ZH the theme is that FED controls GOLD price, of course in ASIA that would be the talk of a fool, cuz everybody knows that ASIANS ( buyers ) control the price of GOLD.


Good to see your still here FRED, your like the only real person on this site.


Sun, 02/16/2014 - 22:34 | 4443788 new game
new game's picture

gold is no different than anything else-everybody has a price...

Mon, 02/17/2014 - 07:03 | 4444511 TheGoldMyth
TheGoldMyth's picture

new game: "gold is no different than anything else-everybody has a price..." .......and the price is different according to who is doing the buying and when/where.

It is a luxury item, and has no real intrinsic value beyond industrial processes like plating terminals so they do not corrode and some medical applications.

If it were not for central banks buying most of the gold creating artificial scarcity to prevent an oversupply of gold in circulation, then on a long enough timeline, when the environment is destroyed, and the conditions of life become intolerable, then the value of gold, beyond fresh water and clean food, will fall/collapse to Zero.

Sun, 02/16/2014 - 23:01 | 4443899 Overfed
Overfed's picture

31.13 grams in a troy ounce.

Mon, 02/17/2014 - 00:37 | 4444163 DoChenRollingBearing
DoChenRollingBearing's picture

Correct!  Bearing guys like precision.

Sun, 02/16/2014 - 23:07 | 4443918 FredFlintstone
FredFlintstone's picture


Mon, 02/17/2014 - 07:24 | 4444522 Apostate2
Apostate2's picture

There was no 'gold' conference in Guangzhou you fraud. Maybe you just scouted around the gold shops and in English asked what's up.

Having a laugh.

Try the truth sometime it may save your pathetic life.

Sun, 02/16/2014 - 20:59 | 4443462 nmewn
nmewn's picture

Wang Ber Nanki.

Sun, 02/16/2014 - 21:13 | 4443495 kaiserhoff
kaiserhoff's picture

Shit nmewn, for a second there, I though you knew some Mandarin. 

Well, maybe the oranges;)

Sun, 02/16/2014 - 21:15 | 4443499 knukles
Sun, 02/16/2014 - 21:20 | 4443517 kaiserhoff
kaiserhoff's picture

Sometimes knuks, I wanna know how you find this stuff, but most of the time I don't;)

That's NOT a crime against nature.  It's a crime against dog.  Sic him, Fido.


Sun, 02/16/2014 - 21:24 | 4443528 Stuck on Zero
Stuck on Zero's picture

What do you expect?  The guy got tired porking his Sister.


Sun, 02/16/2014 - 21:27 | 4443536 Tinky
Tinky's picture

He decides to have sex with a dog, and chooses a Pit Bull? 


[Judge] How do you wish to plead?

[Defendent] Guilty be reason of insanity, your honor.

Sun, 02/16/2014 - 21:26 | 4443538 Hulk
Hulk's picture

I don't know knuks, that dog looks pretty happy...

/ I wonder if he let the dog cum first...

Sun, 02/16/2014 - 21:46 | 4443612 nightshiftsucks
nightshiftsucks's picture

If it was male maybe he gave it a reach around.

Sun, 02/16/2014 - 22:49 | 4443841 AngelEyes00
AngelEyes00's picture

Some of you people here on ZH are sick. 

Mon, 02/17/2014 - 02:49 | 4444326 mt paul
mt paul's picture


Sun, 02/16/2014 - 21:37 | 4443571 mess nonster
mess nonster's picture

But.. I thought "Screw the pooch", as in "China just screwed the pooch with promiscuous credit policies" was just an EXPRESSION!

Sun, 02/16/2014 - 22:28 | 4443763 Berspankme
Berspankme's picture

However, the pitbull refused to press charges and just asked for a cigarette

Sun, 02/16/2014 - 22:43 | 4443822 satoshi411
satoshi411's picture

Well according to Tacoma, Washington ( leader in western world in beastiality ), that a PITBULL is closer to a human vagina, than even a SHEEP. Wood Allen would have disagreed in the movie "Everything about sex",

Why do returning Afghan/Iraq USA servicemen prefer their 'PITBULL', over thier wife/girlfriend?

"I love my dog, can't say that about my old-lady,..."


I suspect that US-MIL mercenary guys comiing back from Afghan/Iraq on massive power trips and beastiality being a major CIA tool, that obessive compulsive disorders manifest themselves such as we see.

WRT to UK, as in this story, don't forget that in the Western World is this is a hot-topic and obsession.

Sun, 02/16/2014 - 23:19 | 4443952 fockewulf190
fockewulf190's picture

I dare you to tell a returning soldier to their face what you just said above.  I know you won´t though, because your too afraid of getting your face smashed to a bloody pulp. 

Sun, 02/16/2014 - 23:43 | 4444038 satoshi411
satoshi411's picture

Pray tell, never seen a 'tough guy' without his PITBULL.

You know that if you even come near your 'tough guy' the Pitbull will rip you apart.

I remember a fellow buddy from the MIL years ago,  used to pick up hitch-hikers and keep his Pitbull in the back seat, a few times the hitchhikder would pull guns or knives on him and everytime the pitbull would grab the bad-guy by the neck.  Needless to say the Pitbull stay's locked, until he's told to release.

[ I might add that my friend was uglier meaner, and a better fighter than Charles Bronson, he was no pussy, but 90% of the time his PitBull did his fighting. ]


Years ago there used to be a movie called "A man and his dog",

at the end of the movie the guy and his dog found a beautiful woman, but the dog was hungry, at the end of the movie the man and his dog are eating a BBQ, but the woman is no  where to be seen.

This is NOT a new story,

The entire basis of this story is that JARHEADS are making selfy's with their Smart phone CAM's and jealous girlfriends wives are forwad selfy's to COP-SHOP, in every case of BUST Tacoma(wash), or UK, the BUST was the  result of JEALOUS GF/wife sending Video to COP.

In summary this SHIT is OLD, ...what is NEW is the VIDEO PHONE.

Mon, 02/17/2014 - 10:00 | 4444701 shovelhead
shovelhead's picture

I think this post wins the ZH Complete & Utter Idiotic 100% Bullshit Post Award.

Everything you write is a contender, but this is a hands down winner.


Sun, 02/16/2014 - 21:03 | 4443471 lordbyroniv
lordbyroniv's picture

Good thing they have all that gold to liquidate all that debt. 


Seems like they have a stategy...while we in the West do not.

Sun, 02/16/2014 - 22:00 | 4443668 Chuck Knoblauch
Chuck Knoblauch's picture

Obozo has a strategy. He's buying ammunition for the US Postal Service.

Sun, 02/16/2014 - 21:06 | 4443478 satoshi411
satoshi411's picture

Ever since GoldmanSachs had the white AIPAC asses kicked out of CHINA they have had a hard-on to bash CHINA.

What's funny is that in CHINA they don't even bother with this shit, these days you could fucking very well say "What is the USA?", "Where is the USA?", .. nobody would fucking care.

It' telling that when a nation of being led to the slaugther, aka UK/USA citizens that the media has to say 'Look over there, and see how fucked they are",...

All the Dominoes are falling, AIPAC lost Syria, and is now losing Ukraine.

Soon Taiwan will be begging to be part of mainland China, just to get off the USA tit, which has turned to sour-milk.

Jap's no doubt will go feudal, nationalize, and look inward.

USA/UK will descend into hell, but who gives a fuck? Who?


Sun, 02/16/2014 - 21:24 | 4443514 Chuck Knoblauch
Chuck Knoblauch's picture

You speak the truth. Battlelines drawn and the Zionists will not escape justice. I think the Zionists are more afraid of American guns than the Chinese. Their fear is a valid concern.

Sun, 02/16/2014 - 22:08 | 4443687 satoshi411
satoshi411's picture

It's almost like they took the stupidist BOTS of all time ( fonestar, iridium, lter ), and mixed and made "CK".


But I'll play along, cuz I enjoy the process.

1.) the USA guns don't mean shit, ... they don't mean shit in the hand of an idiot, and they have never meant SHIT, if the guns meant anything, AIPAC wouldn't have taken over the USA back in the 1930's, ... its a done deal, ... guess what? In Israel folks are even better armed, so fucking what?

2.) Zionists are PUSSY idiots compared to the CHINESE, easy for ZIONSIST to fuck stupid hairlip in the ass, no problem, but even the Zionists don't stand a chance against the Chinese. In Asia we say Chinese smarter than Hebrew, and better with money that Hebrew, in fact its known that HEBREW learned about 'mecantilism' from chinese some 6000 years agol.


Goldman Sachs has already been removed from CHINA, USA has already been screwed to the MAX by AIPAC, nothing left to steal, just now  a matter of running an old prison colony on auto-pilot.

Battle Lines yes, in Europe, cuz they're too weak to fight, so AIPAC sends in the USA ( mercenary army ) to steal EURO market from Russians, trouble is NOBODY wants to do business with USA-AIPAC.

A good model is that USA-AIPAC is like an old whore dying from AID's and the new super models are all in Russia, and Ukraine, and Hong-Kong.

Beauty and real-money talk, and bullshit and ugly to the bone walks.

Sun, 02/16/2014 - 23:51 | 4444062 Chuck Knoblauch
Chuck Knoblauch's picture

I don't mean to offend, but these Socialist Zionists are Ashkenazi Bolsheviks. They aren't Hebrew Sephardics. In fact, the Ashkenazis treat Sephardics like trash, but they go around the US telling everyone they are one race of people. They are not one race, and only Sephardics can trace their bloodlines back to Abraham. The Ashkenazis are really crypto-Jews who believe in nothing except Kabbalah mysticism. I just want to share what I've learned. I like Sephardic Jews, and I loathe the pretenders. 

Mon, 02/17/2014 - 00:20 | 4444082 Chuck Knoblauch
Chuck Knoblauch's picture

Kabbalah mysticism is bad magic. All should avoid doing business with these people. They aren't Jewish, they are Lucifarians.


F%&@ the ZOHAR!

Mon, 02/17/2014 - 04:03 | 4444408 Johnny Cocknballs
Johnny Cocknballs's picture

lol.  Gnosticism is quite a different thing from Kabbala.  There are no "Luciferians" - there are those who adhere to the ethnocentrism, megalomania, and xenophobia as found in both the Torah and especially the Talmud.

They're Jews alright - the devotees of the Pharisees, as learned in Babylon.  "The Whore" is Jerusalem, not Rome... if you believe in that sort of thing.  The whore is Zionism... Talmudic Jewish nationalism... not Satanism or any other such nonsense.  That stuff is used as a smokescreen although from the gnostic perspective, which is Greek and Egyptian in origin, the Talmudic god is the demiurge, which is akin to Lucifer.

You don't have to be afraid of magick - be afraid of people with a lot of secular power and influence over the instruments of economic and military war.  Be afraid of Netanyahu, Cameron, Obama, and Hollande.


Mon, 02/17/2014 - 06:28 | 4444487 satoshi411
satoshi411's picture

Zionists escaped to Brooklyn and Israel post WII, also Zionists worked for HITLER all through the war,

It was left-wing Hebrew that died in mass, and right-wing Hebrew sold their brothers out for the loot with HITLER.

Today the Zionists (AIPAC) have sold out America, just like they sold out their Hebrew brothers 80 years ago.

In the zionist's eyes, every ameriKKKan is a Palestinian.

Mon, 02/17/2014 - 10:18 | 4444711 Chuck Knoblauch
Chuck Knoblauch's picture

All I know is that Sephardic Jews and Palestinians lived in PEACE before the Zionists arrived. I love the Torah Jew, but spit on the Talmudic Jew because he spits on me.

Torah Jews do not support the theft of land currently referred to as Israel.

Mon, 02/17/2014 - 09:21 | 4444649 Spumoni
Spumoni's picture

My fear is reserved for racist motherfuckers such as yourself.

Sun, 02/16/2014 - 21:34 | 4443560 kevinduhand
kevinduhand's picture

I'm sorry but China will remain a shit hole for a long time. The fact that  Chinese Mommas are buying gold like crazy shows that even ordinary Chinese housewives don't fucking trust Yuan as a currency.

Taiwan is just a shit island that produces nothing and Japan will remain a loyal ally to US forever, even moreso when they join the greatest corporate-military alliance that is TPP!!!

Syria and Ukraine is not lost yet can't you see there's still a CIVILWAR going on? can't you see Ukrainians are still fucking protesting the Russians to join GoldmanSack's EU?

All hail AIPAC!

All hail our corporate masters!

All hail the mighty Fed!

Mon, 02/17/2014 - 03:31 | 4444373 Johnny Cocknballs
Johnny Cocknballs's picture

AIPAC lost Syria.

No, they didn't.  It is the road to Tehran.  The jihadis are getting some serious anti-aircraft and anti-armor weapons, and probably more special forces help from the Turks, US and Israel.  Saudi paying for the hardware. 

No, the Oded Yinon plan for Israeli Lebensraum will not be stopped just because of a little thing like American public opinion, or the massacres of Christians, or the death of tens of thousands.

and we have the Grand Chessboard at the same time...  led in large part by Nulands and Kagans....  it's a pincer move, and yes, the usual suspects are prominent everywhere, except doing the bleeding.


As usual.

Mon, 02/17/2014 - 04:09 | 4444411 satoshi411
satoshi411's picture

Israel wanted to sell Sauid Oil/Gas to Eastern Europe and run pipeline through Syria, without control of GUBMINT impossible to secure pipeline.

Israel lost, Putin Won.

end of story.


Only wild-card is that USA & USD is going down, and Saudi will have to look for new reserve-currency, and it will not be SHEKEL.

Saudi is in a BITCH of a place, its only smart move would be to FUCK Israel(CIA/MOSSAD). Smartest move would be to join team-putin.

I simply see USA/Israel(AIPAC) standing alone, and nobody wanting to trade their stolen OIL/GAS at an inflated price.

Once the Saudis quit taking USD's for their OIL, the game will change quick.

The IMF is making moves fast as shit to keep the USA in the game of petro-dollar power (IMF-SDR) or whatever, but PUTIN has other plan's, and CHINA just want's continuity.

USA is not the best model nor Israel or UK, like in Africa USA/UK just proves they can kill people to do business, CHINA proves they can do biz with everybody making money and no killing.

Take out ISRAEL/USA and everybody lives in peace.


Sun, 02/16/2014 - 21:06 | 4443479 Hulk
Hulk's picture

Maybe we could lend em sum money or sumting...

Sun, 02/16/2014 - 21:19 | 4443509 ejmoosa
ejmoosa's picture

We probably are already...

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