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China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing
"Banks are worried about their exposure," warns one warehousing source, "there is a scramble for people to head down there at the minute and make sure that their metal that they think is covered by a warehouse receipt actually exists."
The rehypothecated catastrophe that we discussed in great detail here (copper financing), here (all commodities), and here (global contagion) appears to be gathering speed as the China's northeastern port of Qingdao has halted shipments of aluminum and copper due to an investigation by authorities after they found "there is a discrepancy in metal that should be there and metal that is actually there."
Copper prices are tumbling already (despite Gartman's most recent prognostication on Dr. Copper's China recovery meme) as the world's 7th largest port disallows any shipments until the probe is complete.
"It's such a massive port I would think virtually everybody has exposure," warned one analyst, adding that this will be bearish for metals as "a lot of Western banks will try to offload material and try not to deal with Chinese merchants."
China's northeastern port of Qingdao has halted shipments of aluminium and copper due to an investigation by authorities, causing concern among bankers and trade houses financing the metals, trading and warehousing sources said on Monday. Port authorities could not immediately be reached for comment. China has a public holiday on Monday.
"We were told we can't ship any material out while they do this investigation," a source at a trading house said. The port of Qingdao is China's third-largest foreign trade port and the world's seventh-largest port, trading with 700 ports in more than 180 countries, according to its website (www.qdport.com/).
"Banks are worried about their exposure," one warehousing source in Singapore said.
"There is a scramble for people to head down there at the minute and make sure that their metal that they think is covered by a warehouse receipt actually exists," he said.
Metal imports have been partly driven in China as a means to raise finance, where traders can pledge metal as collateral to obtain better terms. In some cases the same shipment can be pledged to more than one bank, fuelling hot money inflows and spurring a clampdown by Chinese authorities.
"It appears there is a discrepancy in metal that should be there and metal that is actually there," said another source at a warehouse company with operations at the port.
"We hear the discrepancy is 80,000 tonnes of aluminium and 20,000 tonnes of copper, but we hear that the volumes will actually be higher. It's either missing or it was never there - there have been triple issuing of documentation," he said.
Beijing last year set new rules to curb currency speculation amid signs that hot money inflows helped push the yuan to a series of record highs. The rules required banks to tighten the management of their foreign exchange lending and types of clients that are able to access those loans.
"It's such a massive port I would think virtually everybody has exposure," the trading source said.
"Once the investigation is over, it could be bearish for metals. I think that a lot of Western banks will try to offload material and try not to deal with Chinese merchants," the trading source added.
Critically - this is a major problem for any shadow-banking credit creation process as if the rehypothecated commodity-backed CCFDs are ultimately unwound, 1) someone will not get their collateral (payment problems - bailouts?), 2) less real collateral means less real credit expansion (which banks can;t fill because the firms that use this method of financing are anything but creditworthy), and 3) liquidation of any assets will proceed rapidly...
Goldman concludes that "an unwind of Chinese commodity financing deals would likely result in an increase in availability of physical inventory (physical selling), and an increase in futures buying (buying back the hedge) – thereby resulting in a lower physical price than futures price, as well as resulting in a lower overall price curve (or full carry)." In other words, it would send the price of the underlying commodity lower.
Finally, as we showed before when it comes to commodity financing deals, in terms of total notional value, both copper and aluminum pale by comparison to the one metal most used (by value) in China as a funding substitute: gold
As we commented previously:
When we previously contemplated what the end of funding deals (which the PBOC and the China Politburo seems rather set on) may mean for the price of other commodities, we agreed with Goldman that it would be certainly negative. And yet in the case of gold, it just may be that even if China were to dump its physical to some willing 3rd party buyer, its inevitable cover of futures "hedges", i.e. buying gold in the paper market, may not only offset the physical selling, but send the price of gold back to levels seen at the end of 2012 when gold CCFDs really took off in earnest.
In other words, from a purely mechanistical standpoint, the unwind of China's shadow banking system, while negative for all non-precious metals-based commodities, may be just the gift that all those patient gold (and silver) investors have been waiting for. This of course, excludes the impact of what the bursting of the Chinese credit bubble would do to faith in the globalized, debt-driven status quo. Add that into the picture, and into the future demand for gold, and suddenly things get really exciting.
So if tens of thousands of tons of copper and aluminum are suddenly "missing", one can assuredly say: "at least the gold is still there." Right?
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If you had an empty city, would you bother wiring it up?
Why, to attract prudent investors, of course.
Investors buy "show home". All the time, always.
The Chinese fake everything including their dragons.
nice big empty warehouse...echo echo echo
missing? YSROW
Just put all the commodity in question , in the middle of room....divide the room into 8 partitions and Windows....Show everyone "their commodity"..... No more problems for another 7 years.
It is brilliantly amazing the illusion you can create using mirrors...
Suddenly there's no copper? Why would that drop prices? Because Goldman says so? What would you expect Goldman to say?
Because suddenly a shit ton of paper claims are worthless. It's fucked up I know.
Sounds like it would create a great buying opportunity.
I'm sure they'd be glad to sell you their contracts. Ask em.
Just as good as having the real thing.
It also bears mentioning that most of these paper holders had no intention of acquiring actual metal in the first place. So they're not going to go out and buy it somewhere else.
It's another consequence of central banking and all the places that newly printed hot money goes to roost.
On the question why this is bearish or prices would drop (and this could especially also be valid for Gold) - there is a logical explanation for it IMHO according to the following timeline (correct me if I'm wrong):
1) Physical commodity is found missing
2) People hearing about it are all scrambling to still find a stupid buyer for their PAPER claims on this commodity
3) Overall prices (PAPER and PHYSICAL) tank until
4) People understand that PAPER is not PHYSICAL then
5) Prices for PHYSICAL shoot through the roof, PAPER is worthless
The big question is: How long is the time frame between 3 and 4?
Long enough to not stack now and hope for an opportunity to get hold of physical during this dip?
I prefer to sit on PHYSICAL now and wait until it shoots through the roof. Don't mind a dip, even if it takes half a year.
All paper claims will go to zero.
Watch the pemiums on the phyz, not the paper pricing.
Leverage. "They don't actually own the gold."
So the actual (bank owned) gold sits in a bank while everyone levers up to buy more of the banks gold...putting it in the bank.
Once "the collateral call" hits...well, this is why you buy JPM's former HQ in downtown Manhattan.
"Your gold is safe there" as the Government won't confiscate it (unlike say in Europe. Or Xhina for that matter.)
So the price starts to fall and the banks begin "tonning it" as everyone turns over their gold to raise ever more collateral "to keep the bubble alive."
And that is indeed a massive bubble (over extension of credit.). "All premised on a recovery that has never existed!
If you say you have 100 tons and only have 10 tons..I would think you would have to buy 90 tons to make good.....that should be good for the price of copper I would think.....I hope this is how it works in PMs when they find out about all the paper promises out there too....
Derivatives bite.
Only if you had the money to buy that other 90 tons. Which you don't, since you already borrowed to the hilt against the original 10 tons and then sold the collateral, too.
They don't have the 'money' to buy 90 tons. that's why they borrowed against the copper they don't own in the first place.
No problemo. Money can be printed just as easily as warehouse receipts.
Same reply and you get 5X the up-arrows as me. Bastard!
He's a doctor, hence, gravitas.
And a better icon - taste
Lol... that happens to me all the time. I guess it's your turn.
"And put all the gold in the Bank."
How in the world we came up with a system that is based on selling items that you don't own is beyond me. The fact that it has been able to go on this long is a real testament to the stupidity of the sheep.
We all love to pretend, don't we. It's all part of the mark-to-fantasy fun we've all been having.
Like having a blow-up doll with life-like hair, a Kung-Fu grip and vibrating anus ?
This kinda goes hand in hand with trusting your investment advisor.
Meeow.
Santa Claus came up with it.
If you change "we" to crooked accountants or banksters does it make more sense?
What would happen to me if I sold something that I didn't own? Or something that ostensibly doesn't exist?
Depends where you are employed.
Some employers might give you a handsome bonus for such a "sale"...
Perhaps The Honorable John Corzine will weigh in with an reply?
Met a not-so-young farm boy who told me his uncle sold some cows that were sick to a rendering plant to be made into dog food. The herd was financed by a bank loan guaranteed by the FHA. So the uncle was charged and convicted of selling what was not his and went to the Fed. Work Camp system for two years. The boy who drove the truck was charged with accessory to the crime and got federal probation.
All would have been OK if the cows had just died and been buried after a Vet was called.
All would have been OK if the cows had just died and been buried after a Vet was called...
Sounds like he should have left them together with the rest of the FHA owned herd and let them all die.
Sometimes I think the wisdom our founding fathers had in limiting WDC to 10 square miles was so the people could set up an effective quarantine area to keep them from infecting the rest of the nation.
Gold bears please proceed in the line behind the bond bears...
So when it is understood that the COMEX, and Fed for that matter, do not have the metal they claim, it will be negative for the price?
OK.
Don't tell Germany.
Why do I think JPM/GS must be involved?
If they aren't, it's not for a lack of trying.
They build now ac units with paper hoses
Dont metals work on a fractional reserve basis too? Copper is the new gold!
Say, maybe someone oughta make money out of it. Round little medallions, maybe, with the name of the issuer on it. Something to jingle around the pockets and exchange for goods.
http://www.providentmetals.com/1-avdp-oz-999-fine-copper-coin-ron-paul-p...
Is that Ron Paul, or the "it's just a glitch" guy from Robocop?
Could someone explain why this is bearish? Seems like missing would be bullish.
Paper copper ?
Better living thru chemistry. Look what was possible with PVC.
Made possible by relaxing building codes to permit combustibles within fire seperations, what could possibly go wrong?
..... it's the new normal.... seems somewhat tied to the freak weather systems that have been gripping the planet over the past year or so - cold winters, wet rain, wind, sun .......
Pretty sure Al Gore was right; the planet is in deep trouble - why just this morning I saw a fireball in the sky in the early morning hours but thankfully I live under a main flight path for commercial airlines so I now have shade so helpfully provided by the passing of a few aircraft - I was getting worried there for a while......
At any rate here in the new normal when the world financial system is on the verge of collapse the price of precious metals tumbles, as you would expect when the cost to mine exceeds the market price - it looks like the same rules apply to base metals now as well, if thousands of tonnes of metals disappear it must mean nobody wants them so the price has to go down because the costs for mining diminishing grades is going up........ make sense??
Now if you'll excuse me Bo Peep is calling........
When the shorters are caught short, they SAY things are bearish.
How can the tail wag the dog, when there is no longer any tail?
Price is set by paper traders, who have suddenly found their paper to be worthless, hence a price collapse in paper, while the remaining physical is being locked down, so it isn't part of a market either.
Also consider that the "demand" for copper is based upon this paper chase, and the real demand by producers is likely non-existent, as the real demand by end-consumers is as well.
Rehypothetically speaking, that is.
And so, the GREAT RESET begins.
Wake me up when the gold vaults are found empty.
All your base metals are belong to us.
Soon we'll learn what "precious" means in "precious metals".
Normaly that kind of news would be good for a smash in gold. However, seeing Goldman just secured equador's gold I would have to say mission accomplished and we might see a lift back to 1300.
breach of $1300, GS rehypothecates Ecuador's gold, smashes prices back down, buys it back for $1200, voila...instant profit/bonus
rinse/repeat
what a whore house , the commodity business .... makes al capone look like winnie de po
This is counterintuitive. It seems to me if the commodities are determined to not exist how does the near term price fall? Also, I'm sure the contracts were traded too, not just used for collateral!
Like I said earlier, a bunch of paper claims are now worthless and the entities involved don't have the money to buy the copper that's why they borrowed against the copper they don't own to begin with.
Exactly
the outcome should be a disconect
You say that like it should make sense. I read it multiple times, and all I get is a headache. Did I switch realities at some point without noticing?
So these guy can't afford copper, but want some, so they get a loan against COPPER THEY DON'T OWN, to pay for a paper contract that pretends to represent copper that will turn out to have 5 or 6 similar claims against it should it ever show up. Um, how did they initially get the COPPER THEY DON'T OWN in the first place?
Is it just me?
I have a ring made of copper. I don't wear it because it makes my skin itch. Do I have more copper than those guys?
Should I sell them my unwearable ring?
Only if you want to take a loss
For some reason.
If we're talking physical metals, payment is usually 30 days after delivery date so they wouldn't have paid for something they hadn't received yet. Your point is probably more that multiple parties hold claims to metal that just isn't there.
If the party involved has 10 tons of copper in their wharehouse but borrowed against it with 10 different banks they don't have the money they need to buy the 90 tons worth af claims against the copper that they have. That is why debt destruction in a debt based fiat system is deflationary. There is no money to buy the actual goods and services.
OK, Doc
But consider ... There are Three factors involved - Phiz, Credit, and Cash. The physical metal was once there, shipped under a letter of credit and confirmed as unloaded and placed in a warehouse. Then it went somewhere else. Following the public outcry, a lot of effort will be made to try and find the commodity and here heads may indeed roll, but one thing is clear - there will be a LOT of publicity and the tweeterverse will hum with rumour. I think Cash will become as scarce as Credit. And credit may become non-existent until the banks and the shadow bankers trust each other again. It's like the sign says; "In God We Trust (all others pay cash)" Cash = On Deposit in a bank only as long as the bank's credit (trust) is good.
This will have unintended consequences - I believe I hear the rustling of wings in the distance.
A Swan, perhaps?
caterpillar:butterfly::ugly duckling:swan?
I was never good at that analogy stuff.
A Black Swan ...
per the law of unintended consequences ... random events eventually produce an unexpected result that no one could have foreseen. And so no one is prepared and reacts without thinking.
The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility" (Incerto) by Nassim Nicholas Taleb (Apr 3, 2008)correct. if at some point somebody actually says - 'no more credit. PAY ME.' there's no cash to pay. regardless of the QE money printing - nobody actually has the cash. it is all invested into something worth nothing, that when i actually have to go and sell it, it's worth less, or more likely and worse, it's invested in basically 'IOU'.
huge deflation - nobody actually has cash, not a single business entity - and not the banks, because they only have digital zeros. they would all have to go out and get another loan to get 'cash' and pay off in full.
banks are crushed. just depends when the reality hits. everybody high in finance knows it.
...If we're talking physical metals...
You keep saying that word. Physical. I do not think that word means what....
Never mind.
My company needs 1 ton of copper to turn into cables.
I buy 2 tons of copper, take out 10 loans against it, use 1 ton to make cables, and sell the other ton to another guy.
10 of my buddies do the same.
I only physically used up 1 ton of copper, the other ton is somewhere... just not where it was supposed to be.
Eventually, that other ton of copper will return to the market as a mysterious supply showing up somewhere far away from Qingdao. Only thing you don't know is when and where that 'extra' ton will make it back to market.
URGENT. Get Barney Fife and Sheriff Andy on a plane to China right away. We need Mayberry's finest to find the missing copper. Let Opie tag along with Aunt Bea. They're the best at finding crooks!
So is Jon Cozine working in China now?
Is there a timeframe after which Jon cannot be charged with a crime. I know it is just a theoretical question
Count me in the "I'm absolutely shocked that this could happen" camp.
/sarc
I would think the guy that owns the warehouse would have to come up with the missing metal..if he wants to live a long life...
Well....he and his family now live in Vancouver, BC under the name of Hong Lee. Or is it Lee Hong? Whatever, he is long gone now.
Lon Gon Now? That sounds like a good name. They need look for Lon Gon Now in Vancouver B.C. to get the copper.
LOL
"Gold spot prices fell 40% over the last two week on the news that 8000 tons of gold is missing from the US."
Nothing surprises me anymore.
If you can't touch it, if you can't see it, if you don't have it...You don't own it.
... You won't own it (when the time comes). Fixed.
Funny how the same crimes keep appearing and appearing?
Maybe it is more about human nature?
Maybe they should enforce laws so suits and normal criminals know they is some, minute, downside to crimes?
This has minimal to do with derivatives; they have been around since seasons began. It has to do with the Expected profit from crimes.
"Mechanistical?". Ouch.
Welcome To The Grand Illusion
Many years ago I worked at an amusement park. We did not have enough ice scoops when the health inspector came. So we had a runner that would take the scoop after we left one stand and run to the next, while I kept the health inspector occupied by getting him into some of the shows, on the front row, where he could watch the dancing girls.
He saw the same scoop many times.
Where are Marc Rich and Pinky Green when you need them?
And who are today's Metal Men?
"As sure as the sun rises in the west and sets in the east, your metals are safe with us. We are the big banks and our word is true".
What FOOL does not take delivery of a purchased good? Oh, bigger fools than the banks!
What dumb fuck even deals with banks? China, as an older culture, has perfected corruption. See Vancouver, Hong Kong, Seattle, Portland, San Francisco...this is where you flee to when you loot your home country.
ALL the world's Gold is in a vault somewhere
in somebody else's name.
Damn bankers - they somehow own all the vaults.
https://ia600503.us.archive.org/23/items/TheGatlinBrothers-AllTheGoldInC...
It should be apparent by this point that many financiers world wide, and the bankers, are operating as virtual criminals. The legal system and regulators of finance pretent to oversee and maintain legal norms. This is a hoax! As we saw before the 2008 USA crash, the system was corrupted to it's core, and finance had captured both regulators and law enforcement. Government was an ally in the use of finance, accounting and banking to rob openly and skim from all transactions and attempts to invest.
I think when China unravels, it will expose so many giant finance scams that it will put American and EU financial scams to shame. China adopted state capitalism married to Party control. The financiers who are crooked, are operating under state protection in many cases. Thus it will be hard to break them up or stop the looting. Or as in the USA, the government could simply join in and openly devise central bank policies to aid finance capital rod and loot.
Button, button, who's got the button?
"You no worry. We have you plenty metals for you enjoy and happiness".
Wei Noe Got spokesperson for Fu King Yu metals exchange.
are all tese problems posted here in ZH real? They do not seem to be leading to the demise of the world economy..
not paying attention? there has been a global finance war waging for quite some time now. there are actual shooting wars popping up. there are resource wars raging. the global economic/financial system is on the brink. the problem is the scope and the human perception of time and magnitude. a freight train doesn't stop on a dime but an avalanche starts with one snow flake. take this time to prep in the ways you see fit, or take a vacation.
and - if you come shooting at me, and i don't have copper for casings, then i have to go find some. and if you have all the copper, and all the production for making casings, well, i'm kind of in a bad spot. don't cha think?
etc. expand it. and if you produce all the foot wear, and jackets and blankets on the planet, then my army is getting pretty fucking cold while we figure out how to manufacture all that again.
get it?
So let me get this straight . . . time and time again we see that although USD is no panacea China is one of if not the biggest scams/mirage/smoke and mirrors experiences the world has ever seen - yet we are supposed to be intimidated by big, bad China and its march to establish a global reserve currency where the entire world would trust and rely on China? Got it. I understand.
Trying to figure that meme out as well....
Because China, dispite all of the fucked-up crazy finance shit going on, Actualy owns the means of production, which is real wealth, and lots of gold to boot. They can also de-ball us in an instant by dumpping treasuries.
Don't forget we crated-up our countries real wealth (factories) and shipped it completely to China brick-by-brick.
PLUS we can establish they are stacking Au.
If Goldman really thinks this is going to drive prices lower this totally confirms the make believe Alice in Wonderland world we now inhabit. It must rank as the ultimate in hubris to such a degree I wonder if it was meant to be ironic. What do these people take us for? When they find there are 100 paper contracts for each ounce of gold does that mean gold is only worth 1% of its current value - maybe it does in their mind. Next stop the Comex....
I am still confused. Isn't this the exact reason people are stacking? Why stack if the price drops when the vaults are exposed as empty?
Now you see it
Now you don't
Will you get it ?
No you won't.
If you like your copper, you can keep your copper.
Bearish for metals because Western banks will offload material?
Where do they come up with this shit? They apparently don't have the material to offload to begin with.
I'm really struggling with how this is bearish for the missing metals. Does this mean that having 100 claims for every ounce on Comex is bearish? Help a brother out.
Having 100 claims for every dollar in a Madoff investment was neither bullish or bearish for securities in the underlying portfolio...
It seems this (copper issue) is bearish for the paper, but to me no impact on the metal...
check the bottom of the ocean and notice the conical shape of metal piles down there.
now China needs MOAR copper to build MOAR empty cities
just another efficient approach to keeping prices up and inflation in check
will it work? not really
As the world wide ponzi scheme unravels..........
Vaporized!
I have gravel certificates available.
Fractional gold is a ...
(pls speak up)
Don't look at me.. I'm cool, I'm cool
Rehypothapocus! Abracapothecation!
And it's gone.....
To propose that this in itself is bearish for the metals in question is counterintuitive. A bunch of bankrupt fractional lenders having to liquidate collateral may indeed bring supply to market, but the 10x "borrowers" who expected to have the metal will be looking for it.
However, it does expose yet another facet of China's debt-bloated economy that may mean lower demand in the future, if not immediately. Of course, they can print aggressively because they don't owe foreigners any money, so who knows?
Relatedly, this should increase suspicion of all derivative exposure to metals, especially gold. And so we can expect continued divestment of futures contracts, ETFs and other "expressions of long interest," expressions that unfortunately for the bulls set the price of the underlying. I think that ultimately these constructs will be worthless while the metal itself will be unattainable.
Couldn't agree more.
"If only we had a strong controlling body, like the Comex" said ... just about everybody
Now I finaly understand ...
IT'S A TIME SHARE!
The preferred phrase is interval ownership.
Yup. Exactly.
A time share with say, 366 other folks in the 'share'...
Labor Day weekend is going to be sooo fucking fun!
I think the old chestnut "rehypothecated" should be replaced with the "slightly" more defensible term "oxidized" which is slightly closer to the real condition in the first place.
Vaporized.
Not the truth or accuracy is the issue here. It's just that if you're going to float a raft of bullshit my way, it would be nice if you could be more creative in the lie.
LOL, some people steal gold and silver out of storage, others copper? The copper thievs need to find a new line work...really....
That is, of course, if the shit ever existed in the first place - which is more likely.... it didn't!!!
When a loan is given; two bets are made, one long one short. The long bets are coming off leaving only the shorts, add in lots and lots of leverage, ring the register.
I'm sure the insurance that these folks bought on their 'contract' will make them whole.
Let the CFTC sort it out. That's like Obama math. 5 = 1.
In our derivative world, only expectations matter. What is real, is by and large irrelevant ... for now ...
But DO be careful not to topple the apple cart by pricking the paper bubble !!
www.roacheforque.blogspot.com
What is a few 10's of thousands of tons when there is half a trillion kg of copper in Chinese warehouses?
allegedly half a trillion kg
Assume you are being lied to until proven otherwise.
What if your half a trillion turned out to be only a few thousand tons of copper ?
AND Goldman Sachs research! gotta be ligit..
legacy of the Zemin era. It needs to be blown out. Won't be pretty, but must happen.
Confucius say:
"He who rehypothecate copper will shirley come a cropper..."
This could cause doubt in all paper vs metal holdings everywhere including the US. Well played China.
Brilliantly digested! +100
China is proving how dangerous it is to actually count the physical inventory.
America doesn't do such a stupid thing as audit the gold in Ft. Knox so there's no shortage problem there.
I blame the weather.
this is the bernanke economy, the lower the price of something goes, the less of it is available, just turn your old supply demand charts upside down. this is extreme malinvestment. bizarro rules also apply to interest rates, the fed is running a controlled deflationary crash of the economy, when the markets figure that out it will be a sad day (if you give the markets 85b a month against a deflationary headwind you are bound to get results). in the great depression things like onions weren't worth the storage costs. ergo the great evaporation of everything, including hard cash. first people hoard money faster than the fed can print it, and then they spend what they have in lieu of anything coming it eventually that money disappears, or is hoarded by a few rich investors, (and those who have gold and can trade a little gold for a lot of paper) thats the final answer
hahahahhahahahahaha bwuhahahahahahahahahaahaha ha ha haa............. when does everyone find out about the same for gold and silver
It aint yours unless yo are holding it
<--Zero Hedge is right to ignore the Tiananmen Square Massacre.
<--Zero Hedge should cover the 25th anniversary of the Tiananmen Square Massacre
It is the 25th anniversary of the Tiananmen Square Massacre. George Bush, being a good Republican, felt that the way to get China to become a pluralistic and democratic state was to foster MORE trade. The Republican dogma was “Countries that trade together adopt progressive policies”.
It gets worse! Under Bill Clinton, the US granted China a designation of Most Favored Nation Status in trade dealings allowing China to grow its market to what we see today.
Zero Hedge, it is VERY strange that you are choosing NOT to cover the anniversary of the massacre and crackdown on democracy demonstrators.
So I agree and was going to give you a red
But I want to give a greenie for the excellence in spelling ...
Rats !
Ok, I am a terrible speller. But I find that spelling is a deeply idiotic criteria to judge an argument. Yet people seem to do so...and these folks almost never have an argument of their own much less a coherent counter argument.
But you got me! What did I miss spell?
Hav you mett the gramar puhlize? Proofreder editts for Jet maggazine.
Damn...I didn't know! How could I have known that?! Shit! Who would know somethin' like that ? Jet Magazine? Shit! My bitchez should'a known this honkey bastard then...bitchez didn't warn me! Shiiiittttt!
Shiii....blood don't want da help, blood don't get da help!
the only democracy you get with your assinine voting 'poll' is the right to not read this fucking website.
did you buy a partnership stake and/or invest your labor into making this media platform.
why don't you write a blogpost on your own blog about tianmen and put the link in the comments. if your article
is good enough eventually you'll get linked on zh , or maybe even a post.
you ass muncher. take your poll about what you think the content on this page should be and shove it up your hole.
This novictim guy is a Kievan Yatzi Junta Citizen, and Kievan Yatzi Junta Citizens are big on denial and side tracking.
Pouring attention on Tianmen Square massacre nostalgy is simply duplicious blattering and circonvolution to draw attention away from massacres in Odessa and Mariupol and ongoing aggressings on ethnies in southern eastern Ukraine.
And that is what this Kievan Yatzi Junta (US extension) paid shill wants to offuscate.
Did you lose your brain? What does Ukraine have to do with this Chinese authoritarian crackdown and murder of pro-democracy demonstrators?? How could any civilized person not be incensed by the actions of the Chinese Dictators?
Stooge, why would the Chinese people's suffering be justified by ...Ukraine??!! Weird, Stooge.
I find no connection between 1989 China and 2014 Ukraine...do you? What is it? Why would the Chinese people need to bear this burden?
I've understood our disagreement on Ukraine. You are a Russian nationalist. I get it. And I even accept that there is certain legitimacy in that position (though I think it borders on fascist).
What I can't understand or respect is your rejection of the plight of the Chinese people who live their lives in a cage with guards hired by a REAL JUNTA.
It is a stain on your clown-like persona, Stooge.
You must be smoking crack in a trailer park in Florida. I live in China and I don't see any of the paranoid visions that inhabit your addled brain.