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China Bans Use Of Terms “Equity Disaster” And “Rescue The Market"
Although it’s not possible to know exactly what the mood is among Party officials in China regarding the inexorable slide in stock prices that’s unfolded over the course of the last three weeks, it’s reasonable to assume that at least some officials in Beijing are in the throes of Politburo panic after watching some $3 trillion in market value disappear into thin (and probably polluted) air.
Amid the turmoil, China has resorted to an eye-watering array of policy maneuvers, pronouncements, and plunge protection schemes aimed at arresting the slide.
Nothing has worked.
Not suspending compulsory liquidation for unmet margin calls, not billions in committed market support from brokerages, not a PBoC backstop for the CFSC, and not even a ban on selling by the Social Security Council.
For reference, here (courtesy of Bloomberg) is an annotated chart of the wild ride Chinese stocks have had in 2015:
And so, with every attempt to manipulate the market higher falling flat in the face of selling pressure from the hairdresser/ farmer/ banana vendor day trading crowd (which has now thrown in the towel on the whole “it’s easier than farm work” theory and now just wants to break even and head for the hills) the only thing left for China to do is “fix” the narrative.
In other words, when banning selling doesn’t work, the logical next step is to ban talking about selling. Here’s FT with more:
Shares have shed some 30 per cent of their value since mid-June, punishing small investors, some of whom have borrowed heavily to jump on board what had been a spectacular bull run.
“There is a panic but no matter how they [the authorities] jump in, this thing just doesn’t stop falling,” said Dong Tao, regional economist at Credit Suisse in Hong Kong.
Analysts said the more Beijing does the more it risks creating a perception of desperation, particularly if its efforts have no discernible effect.
“All this activity has supported a view that policy makers are in a state of panic,” wrote Mark Williams at Capital Economics.
“The financial system is about trust and transparency, but we’re not getting either from the government,” said Dee Sum, a 35-year-old banker in Hong Kong, whose family has sustained heavy losses on the stock market in recent weeks.
One domestic journalist, who did not want to be named, said the government had banned local media from using the terms “equity disaster” and “rescue the market” in their reports on the stock market.
So apparently, Beijing will now prevent journalists from accidentally jawboning the market lower so that Party mouthpiece media outlets are free to jawbone the market higher.
Needless to say, we doubt if this hail mary attempt to rescue the market will do anything at all to save China from its homemade equity disaster.
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Run! GODZILLA!!!!!!!!
Outlaw all speech that doesnt fit the agenda!! America can show you how
CNBS banned them a long time ago............
Looks like lots of Chinese lost money in 'the crash that must not be named.'
Again. with the Sino emulation of American Tradition!
http://dailycaller.com/2015/03/25/here-are-the-words-hillarys-supporters...
Confucious say, "BTFD: Buy The Fucking Dim-Sum...it good today." ;-)
But stay away from this fucking Equity Disaster bitchez!!!
This is the commie side that China keeps well hidden now. Until it is time to do some whacking, that is.
hahaha....what a fucking joke. Doesthe government really think this shit helps? It just makes it worse...control freaks always get shit thrown back intheir faces. When your a pathological liar, even as a plolitcal entity, it always comes back to bite you in the ass. I wonder if this will be the 'moment' in China where people get tired of the lies and bullshit and blame the government for what's going on. If so it may be China's 'glasnost' time. Wouldn't that be nice!
By the way, its 'Godzirra'!
The money. The guns.
https://youtu.be/8l_YrPvP7YA
In China, there is no sell trend, only buy. In Russia, there is no gay (or bi) trend, only masculine type male and voluptuous women in practice of heterosexual tradition. What is different when State is control everything?
.
Losing money in the market is “easier than farm work”, too!
Yet interestingly "We take your kidneys now!" continues to be acceptable.
China’s success is simply a shift from communism which simply doesn’t work, to fascism which incorporates just enough capitalism to be successful. All this great long term planning I hear so much about that is supposed to teach the US a lesson in the upcoming monetary shift isn’t looking too impressive. Sure once in a while they do things that appear to be a good idea, but so too did the soviets.
The reason why pure democracy doesn't work with freedom is that a significant majority will trade their freedom for a little bit of security, even false security. The responsibility for their own welfare evidently has a higher liability than their serfdom.
Markets as we now know them, are an illusion that requires nothing more or less than the confidence, the faith, of its participants. In that environment, those charged with saving us have no other choice but to lie to us, manipulate us, in order to preserve that confidence. On a base level we all understand that a certain level of faith and optimism is required if we are to accomplish much of anything, but we have drifted so far from reality, so far from anything that would or should engender confidence, that we are forced to kneel to the absurd, deny reality formidably in our face. False gods stand on legs of clay. Because it has worked thus far has given them the confidence to believe it can be sustained forever, so they, the "architects" of this delusionary gambit, are suffering from a false sense of confidence as bad if not worse than the public they sought to manipulate.
They may well have run the car off into the ditch in 08, but I fear we are headed for a cliff now. There will be no coming back, or becoming "unstuck". Who is handed keys next will be meaningless.
The farmer, looking for maximum efficiency from his livestock production, hit upon the idea of mixing a small amount of sawdust into the feed grain. This seemed to work pretty well, the cattle none the worse off for it, so he upped the sawdust content. Again, everything seemed to be working fine. Sure the cattle weren't putting on much weight and seemed a little lethargic, but the feed was cheap. So he decides to go for the ultimate cost savings and starts feeding his animals 100% sawdust. Everything again seemed fine until one morning he comes out to check his herd to discover them all dead. At this pint he becomes totally irate as he feels completely cheated as just when he had got he feed bill to zero, the damned cattle all up and died. As a leading edge progressive, he will never see his sawdust as the cause of the cattle's death, only the failure of the cattle to appreciate what he was trying to accomplish.
Who is handed keys next will be blamed. The attention span of a goldfish is what iGadgets give us.
… I’d sooner elect goldfish!
Someone should form a Republic consisting of a diverse group of states with an extremely limited central government. I think such an arrangement would lead to freedom and prosperity.
… and call it
The United States ?
I bet after a couple of generations, they’d end up killing themselves off!
but the Chinese have been doing it right, building factories etc. The only thing they should have not imitated, two words: central banking system and especially cutting those damned rates. They should not have done that.
I have something else to add about the interest rates: I have found an old video of Putin speaking about the Russian economy and interest rates and it is very interesting. The West has been critising the Russian economy so much, without even looking at it more closely. Or perhaps because they looked at it closely and were terrified to see that Russia completely refuses the liberal economic model??? How dare they?? And without even taking into consideration that the Russian economy has really started only in 2000 (when Putin came to power). Before that you had chaos and looting, no real economy at all, and before that you had communism. So they really have had just these short 15 years, when they could have built something!!! I would say, for this very short time they have had, it is pretty amazing what they have achieved. And that is also why their middle class has steadily kept growing. The most interesting points: Putin: 1) "Why are our interest rates so high? On purpose. We want no bubbles, thank you." 2) "The government is trying to find other ways to support the economic growth (than through the banks), though I admit we are still not efficient enough." 3) "One of the ways we increase growth is by increasing the real income of the population, which is very much criticised by our counterparts - liberal economists:-)" https://www.youtube.com/watch?v=gCW1vMCVzuo
The Crash that can be named is not the true Crash.... first words of the Tao Te Ching
naming the crash that can not be named:
Bang Ding Ow?
Ho Li Fuk?
Sum Ting Wong?
nope... these have all been taken.
Chinese fire drill.
Hang Sum Banksta
They could call it "the sparkly mountain of awesomeness" or the "eternal bliss of Mao" or even "the happy place of the peoples dildo"......
Fugggg! Double tapped the save button.
His name is Robert Paulson... His name is Robert Paulson! His name is Robert Paulson!!! His name is Robert Paulson!!!!!! HIS NAME IS ROBERT PAULSON!!!!
Reminds one of how they handled, oh, I dunno... TIANAMEN SQUARE.
Well, one thing they obviously haven't banned yet is selling gold!
It just seems as if ZH has banned any objective thinking about gold, because it's always "market manipulation" when gold is down, and "a bubble" when it's something else.
Who the fuck would be selling gold in this kind of environment we find ourselves today?
It's either manipulated or the market is completely and utterly retarded by now.
"Who the fuck would be selling gold..."
People who are pretty sure they can buy it back cheaper in the future.
Look at '08. Gold tanked and there was no supply problem. These so-called "supply problems" are just bullshit rumours that sell-side bullion dealers spread in order for you to keep on trying to catch that falling knife.
Remember, bullion dealers make a percentage on the spot price as a commission, so the higher they can convince (read: scare!) you into buying, the higher their commission.
If you were Peter Schiff (Euro Pacific Precious Metals) or any of the gold dealers like Mike Maloney or Eric Sprott that frequently appear as 'guests' here on ZH or KWN, wouldn't you rather sell gold at $1150 (and pocket for example a 10% sales commission of $115) or instead selling gold at $800 and only pocket $80 as a sales commission?
Does nobody wonder why China has declared a "State of War" with America and why thier sock market is crahing , forget Greece it is a show , China has been done by design .
News like that actually cheer me up a little.
+1. Reading Zerohedge can sometimes be depressing, but I needed a laugh and this brought it to me:
China Bans Use Of Terms “Equity Disaster” And “Rescue The Market""His name was PBOC"
"His name was PBOC"
America is still the place where you can have this conversation. For how long will this last? depends on us.
What a bunch of amateurs!
As Neocons and TBTF have shown, you simply REPLACE WORDS: replace Truth words with Weasel Words and Euphemisms.
Haven't they learned anything from our Ministry of Truth?
Oh now c'mon...it's for the good of all those hairdressers giving financial advice.
China should just hire CNBC "journalists" to cover their debacle, the sunshine they will spread will bring eternal happiness to all.
Sure, because the "fundamentals" are Strong!
To hell with "fundamentals". What about TITTIES
Emulating RT, they could go with United Nations sponsorship, ie R(UN)T
China Times/Today.
Uhhmmm...it's GODZILRRA, and it's from Japan. Sheesh.
Maybe they all look the same to him?
When considering what may be bubbling out of the South China Sea today, Godzilla v6.054321 would not be satisfied with a small Island Nation.
Run! GODZILLA!!!!!!!!
correct sentiment...wrong country
"correct sentiment...wrong country "
Well, once Godzirra is finished with Japan, where else would he go?
agreed!
Kuroda and Abe wrecked Japan worse than Godzilla ever dreamed.
He's moved on to fresh turf.
Well, Godzilla is more than welcome to visit my region...
This morning, I discovered a large area of my passenger fender covered in poop. Having studied the sciences, there is only one creature that could do such damage.....MOTHRA!
So they can short over there?
To quote Chief Inspector Jacques Clouseau "Not anymore".
Godzilla is Japanese, you rube.
this one's for you, you Chinese fucks...
The CCP cannot rescue the market from equity disaster.
Where is the Chinese Etrade baby rooses everything video?
Ebby ting.....uhhhh......how you say......ah'sum !! Yes..yes....ah'sum !!
That's Japan, dumbass!
How does one write Buy The Fucking Dip You Fucking Communist in Pin Yin?
Beef and Broccoli Man?
VBTD
Very Buy The Dip
Mai tamade gushi xiadie ni tamade gongchan!
(a bit literal but will be understood)
"Over 20% of listed China stocks in trading halt."
http://www.marketwatch.com/story/over-20-of-listed-china-stocks-now-in-trading-halt-2015-07-07?dist=lcountdown
"You can checkout any time you like, but you can never leave."
Global warming did it.
"You can checkout any time you like, but you can never leave."
Now that's what I call long term investing.
Announce a market holiday and then say that the Chinese government will buy a trillion dollars worth of stocks when market opens and all pension funds must invest at least 35% of their money in Chinese stocks.
Shorts in the land of the free have been exterminated by similar policies by the Fed. Why should China not follow the example of the leader of the free world?
The government was hoping that, having undertaken market-boosting measures—including the provision of funds, moves against short selling, bans on the issuing of initial public offerings to maintain the flow of cash into existing stocks, and a directive to the state pension fund to buy and not sell—the market would have lifted significantly. But yesterday’s reaction only raised further questions about its capacity to halt the slide.
According to Fraser Howie, managing director of Newedge Singapore, who is regarded as an expert on Chinese capital markets: “Clearly the reaction from the market was nowhere near what was hoped for. When you look at the raft of measures … everything including the kitchen sink was thrown at the market and yet the performance come the end of the day was pretty dismal, frankly.”
The extent of the government’s concern is reflected in a propaganda offensive conducted by the government-owned press, which described the Chinese Communist Party (CCP) leadership as “capable and confident” of ensuring that markets remain “stable and sound.”
An editorial published yesterday in the People’s Daily, the CCP’s major newspaper, said: “It is an urgent task to bring the A-share market [those stocks only quoted in renminbi] back to a rational track, as volatility of the market is detrimental to the sound and stable development of the capital market.”
It is not only the capital markets that are threatened. The crisis threatens to pass into the broader economy under conditions where growth is at its lowest levels in almost quarter of a century. Most predictions are that Chinese growth will not reach its official target of around 7 percent this year and could fall as low as 4 percent.
http://www.wsws.org/en/articles/2015/07/07/lead-j07.html
Have the Chinese communists learned nothing from our U.S.S.A communists? All you have to do to stop a falling market is ban selling. WTF is wong with these people?
Send in the damn Plung Protection Team - have they learned nothing?
Can we still say Ho Li Fuk?
Only if you have two heads. Otherwise, it is grammatically incorrect.
Every man has two heads.
And this is the country that is going to produce a physical price mechanism for Physical PM Markets? and also back their currency with Gold/silver and they are afraid of a word or two?
Talk about swinging for the fence....
Farm work never looked so good.
Blame Nixon.
Henry K did the legwork.
He has been pretty Quiet lately.
Is he dead too , like Kerry?
The US has banned negative talk of stk mkt since Obola was elected...and it continues to work. No reason it will not work in China.
The Communist regeme can learn a lot from US regime.
The US has banned negative talk of stk mkt since Obola was elected...and it continues to work. No reason it will not work in China.
The Communist regeme can learn a lot from US regime.
"The Communist regime can learn a lot from US regime."
The Communist regime can learn a lot from US Communist regime.
Fixed it
The only people who know the secrets of infinite market levitation are the FED, GS and JPM. Maybe they could hire some consultants.
The secret between you and me is that all things eventually fail.
Nothing is more appropriate than this...
https://www.youtube.com/watch?v=yIMH50X0F-4
They're foolishly trying to drive long-side buying through the general public. If they'd studied the US markets they'd start a bunch of leveraged short funds, and sell those to the people, while the PBOC and insiders ramped the market against the public on a regular basis. These guys are fucking amateurs, it's like watching 1929.
" ... Huxley ... a Mr Al Huxley ... please pick up white courtesy phone in lobby ... and a plane ticket to Beijing at desk ... "
The station managers of the U.S. corporate press have already instituted the same rules when discussing the emerging domestic collapse.
Dear Ms. Lagarde, I hope this note finds you happy, healthy & enjoying the Washington DC summer. As you know we here in China are awaiting the IMF review to include the Yuan into the SDR global currency basket...We have been reviewing the checklist & it appears there are requirements related to Capital Market stability. Our question...Do you grade on a curve?
Love - People Bank of China...
"As you know we here in China are awaiting the IMF review to include the Yuan into the SDR global currency basket"
That is precisely what I was thinking. They need to prop up their markets just long enough to look healthy and viable for the SDR review. Isn't it later this month? I wonder if they have enough dry powder to keep the market anywhere near its current level.
No.
It will soon come here too. The propaganda machines of CNBC, BNN and others will need to go full speed when the USA stocks are going to crash. The PPT will have a hard time to control the big margin reset and the big balloon from deflating.
trying to hold back an avalanche never a good idea
the sooner the reset occurs ... the better
In other news, Apple watch sales down 90% from initial rush.
My app says 'Most Likely' when I shake it.
When I just turn it over , it says 'Signs Point to Yes'
http://legomenon.com/images/ask-magic-8-ball-fortune-teller-yes-no-quest...
Fuck you Bernanke
Wi Too Lo
Bitdust last price $266
Next it will be, "Don't even think about selling!"
B3? nice avatar...
B3. But I own a C3.
When do the margin calls start coming?
And this is the country the U.S.A. is supposed to worry about......LOL
EQUITY DISASTER! EQUITY DISASTER! EQUITY DISASTER!
Just ban any and all stock selling and get it overwith.
Bring Bernanke back!
Bring the Greenspam back.
The Pro Senile Tennis league can survive without him. Now that he has re-found his gold roots, we need to see him in action.... Naw, nothing will change except he would be even more incoherent....
Same terms also banned at CNBC.
Joe Kennedy later claimed he knew the rampant stock speculation of the late 1920s would lead to a market crash. It is said that he knew it was time to get out of the market when he received stock tips from a shoe-shine boy.
And madame candidate made $100,000 trading cattle futures... But hey; the story sounds good.
It's a big club, and you ain't in it..... RIP George Carlin
In our wonderful politics-is-fckin-everything century, only mouth-breathers, Confederate-flag wavers, and ZH rubes would think that the stock market, and capital allocation, serves any other purpose than to support the ruling party
(whether in Beijing, or DC, or Brussels).
All your savings, pension money, and assets, iz ours.
You are from another planet. The signs are clear.
Turn yourself into a G15 as soon as possible and answer some questions and good luck with your future Happy Life.
(an almost self aware bot, watch this one.)
I am going to call Dr. Sum Ting Wong
... fuckin' plates are starting to wobble all over, eh, boys?
Hedge accordingly.
Totalitarian bullshit. Next thing you know they will be "outlawing" technical terminology required by legitimate traders to ensure the functioning of an efficient and transparent market like, "golden turd-ball", "shit sandwich", "hookers and blow" and "rusty trombone".
LMFAO!! - stupid communists.
Hey Xi Jinping you fucking communist dumb ass:
- “equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,“equity disaster” and “rescue the market”,
Why aren't they just dumping us treasuries - at this point?
They've been doing a stealth-dump for quite a while now. Some have been sold off directly, but most of the $Treasuries they still seem to be sitting on have actually been used as collateral for loans from the larger American banks. Why? To fund infrastructure projects all over the world, including railway and mining projects in Africa and all of the various projects associated with the development of the new 'Silk Road.'
America has been hoisted on its own petard.
Hold to maturity?
Good as gold.
Ha ha ha next up banning breathing . Fucked up people man fucked up
Desperation bitchez!
Looks like 8 years of nonstop FED head backstopping any fall in the markets is over. Everyone for yourselves.
Latest chinese investor lost millions: his name was Yu Fuhked Up
Next step: go full totalitarian and force people to buy stocks, or face a special fine/tax.
You are a little late with the snark my friend.
We call it a 401k/IRA.
Welcome to the "Western Banking Cabal Infiltration Association"(WB-CIA); they "jack" you up in order to "squeeze" you hard and that is what is happening. However, there will be unintended consequences to follow. This may turn into a real "blood-bath" for all the markets except for one; can you guess which one? Precious metals are down.
---------------------------------
BTW - Windows 10 is coming out and now our computers are getting nice reminders to upgrade to Windows 10; that would be a downgrade as it is the "jack of all" and master of none. Microsoft can't seem to figure out what Apple knew; one OS for your core customers and one for smaller devices.
----------------------------
When Windows 10 is officially launched, the stock will go up and in 6 months, short the stock and keep your Windows 7 and perhaps buy an extra copy or two of Windows 7 pro while you can, but do not upgrade..you may not be able to downgrade, which is what I believe Microsoft's plan is. Those so-called "fixes" is what brings you that nice message to upgrade to Window's 10; is that really a fix of ad-ware? I digressed.
In light of the ultra pathetic Windows 8, it's highly doubtful that Windows 10 would even come close to being a "jack of all trades"
Keep the XP or 7 for as long as possible. Not sure whether DELL and others are still offering such options.
My Xp running w/o probs w/ supp Virus etc protection.
Linux on my other machines is the way to go.
I like Linux as well.
On different note, Android seems to be as pathetic on tablets as Windows is on laptops. And Google chrome crawls like a snail, especially when loading zerohedge pages.
If Tyler would stop to ponder the huge disparity between what the Chinese are doing, as they set up currency-swap trading facilities around the world, have amassed tens of thousands of tons of gold, and established the new anti-IMF BRICS AIIB development bank, 'he' might also begin to suspect that the Chinese government may just be deliberately crashing their own stock market as a method of augmenting a contagious collapse in the West. It is, after all, a lot cheaper than war, and many Chinese have no doubt actually read Sun Tsu.
I do not believe that the Chinese feel that the pure speculation of a stock/casino --which here in the criminally financialized US has become essential to 'GDP' and, if it "crashes," is something akin to Armageddon-- has any lasting meaning in the grander Asian worldview and vision of their future.
In brief, I think it just possible that this is merely an extension of the ongoing global currency war.
This is not a conspiracy of geniuses in Beijing hardly it is closer to a Swiftian confederacy of dunces that now is as Tyler correctly observes in a state of panic because the Chinese people will not buy and hold any longer.
The hierarchy of command and control is layered. So, if you were planning to introduce gold-backed trading notes --which the Chinese most certainly do-- and establish your money as a world reserve currency, then it would not occur to you to trash a purely speculative, fiat-based stock market, even your own, as a tool to expedite that end?
You must think that geopolitics is a pretty straight-forward affair.
About that time when China shows their GOLD.
The thing is, that parabolics collapse.
The best way to prevent that, is to prevent a parabolic rise. But the FED pretends to never be able to see a bubble, before it bursts.
Hmm... is there any country on this planet that still has a truly free and active press instead of a collection of lame fiction and non-fiction propaganda outlets?
http://www.grit.com/
Is this what they mean when they say..."stock up for a sale?"
Tyler nails it again! And this is an inflection point in Chinese history. Which direction things go now is anybody's guess!
Where is the Chinese Prunge Protection Team?
It must give them severe cognitive dissonance that the colour red is used to denote loss and failure on those stock market indicators. Also they can't ban the colour red. Culturally it should be white. Or yellow. You'd think that as they most likely manufactured the LEDs themselves, they'd have thought of that.
It is the leveraged trades done with cheap money that bother me .Pouring gasoline on a fire not a wise idea.Go to Vegas and it is just cash on the casino table,and no bailouts,and nobody to buy your toxic trash to get it off your books (and no repo crap).
Lets go Vegas rules,or Iceland....
The US plunge protection team has a less advertised charter that is plunge creation for annoyances like the PMs. Neither confines itself to domestic markets. It wouldn't surprise me if they have a hand in china's markets right now.
“Equity Disastel"
“Lescue The Malket
Created out of thin air, returning back into thin air. The circle of fiat life.
We are defined by how we act when times are bad, not when times are good.
They aren't to far from,"Think only happy thoughts".
@ Joe: Isn't that where it started? lol!
If they ban "Dump", the sytem is likely to shutdown
Corrupt Commis.Note that all the smart so-called "Commis" got out the last couple of years and left,bringing with them all the bread they managed to get out through bribery schemes.Most is in Canada,New Zealand,Australia and U.S. Smart Commis got out and could see it coming.Nothing like Central planning.Reminds me of The Fed and IMF.Just as corrupt and rotten to the core.
China will be fine. They can mass produce solutions.
New headline: "U.S. bans use terms 'Israeli aggression', 'U.S. complicit in civilian deaths in Yemen and LOTS of other countries', ' Israel has stolen nukes, and is prepared to use them against the country it stole them from'....
"Equity disaster" and "Rescue market" seem pretty complacent compared to reality....
i am sure goldman and jpm are paying attention, because this amounts to a huge power shift. the government commits all ITS resources to holding up the market, while the oligarchs SELL into it, and even SHORT it down lower. at the end of the day, the Bejing leaders are bust and the oligarchs own the country. i am sure goldman and jpm are paying attention.
You obviously have very little understanding of Chinese politics. Chinese oligarchs? Like Bo Xilai, sentenced to life in prison, possibly death sentence for corruption....You steal from the CCP your lifes over, Oligarch or not, it's not like the U.S where your Soros, Rothschild, Rockerfeller's, Brezinskis hold the power. In China there is only ONE power,,,the CCP.
And as for the 'Beijing Leaders' being bust...not before the U.S. my friend, not before the U.S.
you need to read Jim Rickards Death of Money
Or go to yahoo.com and it'll usually
Be a sponsored ad and you can watch the video.
Very informative.
What do you guys think about FAZ ETF?
They were at 40k a share in 2009 and 2010
"Money is the McMansion in Sarasota that starts falling apart after 10 years. Power is the old stone building that stands for centuries. I cannot respect someone who does not see the difference."
can any American linguistic engeneer explain me why they banned the words fuck you and motherfucker etc. on television in the US and replaced them with beeps ? What is the thinking behind that ? Are they afraid these words would lose part of their meaning and people would then have to come up with more dangerous (to TPTB) words ?