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China Crashes Most Since 2007 Amid "Panic Sentiment"; Over Half Stocks Suspended, PBOC Promises "Liquidity Support"
Some context...
China has lost 15 Greeces in market cap in three weeks
— zerohedge (@zerohedge) July 8, 2015
For a record 12th day in a row, Chinese margin debt balances have dropped with today's 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all Chinese stocks frozen ($2.6 trillion or 40% of value). China continues to try to manage leverage down (raising margin requirements on stock futures) while encouraging speculation (easing rules for insurers to buy blue chips and financing the purchase of smaller company shares directly) and CYNK'ing the entire market - if it's not open, you can't sell it and the price cannot fall! It's not working as CSI-300 futures are now down 7.9% in the preopen.
- *CHINA TRADING HALTS FREEZE $2.6 TRILLION, 40% OF TOTAL VALUE
China appears to be trying to manage leverage...
- *CHINA RAISES MARGIN REQUIREMENT FOR CSI 500 INDEX FUTURES
- *SHANGHAI MARGIN DEBT FALLS 8.5%, BIGGEST ONE-DAY DROP ON RECORD
While encouraging speculation...
- *CHINA EASES RULES FOR INSURERS TO INVEST IN BLUE CHIPS: XINHUA
- *CHINA SECURITIES FINANCE TO BUY MORE SMALLER COS. SHRS: CSRC
China news is domninated by dozens of pages of this...
- *CHINA TRADING HALTS LEAVE 43% OF ENTIRE STOCK MARKET FROZEN
- *1,249 CHINESE COMPANIES HAVE HALTED TRADING IN SHARES
- UPDATE: Trading halts have left 1544 companies, equivalent of 54.7% of the Shanghai Composite and Shenzhen Composite, suspended today. (@GregorHunter)
With what we estimate is around 850-900 Shenzhen Composite stocks suspended (over half of the 1694 stocks in the index) and almost 25% of Shanghai Composite stocks, it appears China has resorted to the endgame in managing a collapse...
if it's not open, you can't sell it and the price cannot fall!
In other words - the whole Chinese market just got CYNK'd
Time to CYNK the entire Chinese stock market
— zerohedge (@zerohedge) July 3, 2015
* * *
It's not working...
- *CSI 300 JULY FUTURES PLUNGE 7.9% IN SHANGHAI
- *CHINA'S SHANGHAI COMPOSITE INDEX SET TO OPEN 7% LOWER
It looks like today could see China go red for the year...
* * *
China weakness and European rhetoric wearing S&P futures lower (down 11 points from cash close)...
* * *
Another day another attemnpt to stabilize...
Just add this to the list of interventions...
Perhaps if you just stare at it long enough, it will rise...
Just remember this crash is telling us somethinmg about China...
The stock market knows more than any individual investor, and China's is no exception.
As NYU Professors Jennfier Carpenter and Robert Whitelaw told CNBC in January...
This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash.
Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well. However, capital in China is still allocated almost entirely by its massive banking sector. It is time to untie the hand of the stock market, reform listing standards, streamline the IPO approval process now holding up over 600 firms seeking equity capital, and let the stock market allocate capital, too.
Shut Up!!!
Exhibit 1 - Based on 'fundamentals', The Shanghai Composite has a long way to go...
Exhibit 2 - If Dr. Copper is right about the state of the world, The Shanghai Composite won't find support until it has fallen another 60%...
Exhibit 3 - Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before 'value' is once again seen...
Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably).
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Come on single digit Ag!
Sum Ting Wong
Wee To Lo
"But, but I paid for a Happy Ending!"
"Yes, and that's what you got: you got fucked. Now you go! You go now!"
That not long time. You say long time. That no long time.
Que the deer in hedlights moment for carnage on Wall Street...its coming folks.
What happens if China decides to dump treasuries to bouy its economy?
If they haven't done it yet, I don't see why they wouldn't. Unless people think the Chinese won't throw Murikistanians under the bus to save their own civilization. But who knows?
Would not be better to devalue, bailout by buying up market, and then sell Ts?
Sell, sell, sell and buy UST. No wait sell, sell, sell and buy Chinese stocks. 1+ T$ in Treasuries should "alter" the market just a little, maybe even move the price on UST. Sell. Something just has to work. It simply has to....... Gram, Gram get down in the basement and print.
Oh please....a couple of keystrokes and it will be all Unicorn Rainbow Shitting Skittles time...Frozen....basically means they halt all price discovery in its tracks until they can ramp it higher with more funny money....yawn..move along folks...nothing new to see here.
The Cinese need to quickly hire Ben Shalom.
Who's holding the 1.3 trillion in Tnotes there? Any chance those will get dumped to make the margin calls?
Good point.
That is collateral...which if posted as such the Bank would call.
Why would the Bank sell though?
Especially a Chinese Bank?
They or "it" might fear a "Bernanke Printing Press Moment" and indeed might in fact go LONG treasuries...
I don't know, that's why I'm asking. For something this big, it has to be a factor.
I just checked my bank balance; all the numbers were there, comfortably glowing at me; I was worried for a second.
Treasuries wont get dumped over this. Right now the Fed along with every other western bank is holding a gun to their heads and saying "don't even fucking think about it"
Next step, Chinese CB buys every stock for last price + 20%.
fucking A...you got it bro....
I've long given up on bourses - good or bad - being an accuratr reflection of economic reality.
No stock and no stock market in recent times can be trusted.
I'm sure that the Chinese exchanges/government are well stocked with former members of that company that does God's work...they can show their US counterparts how it's done.
I'm sure that the Chinese exchanges/government are well stocked with former members of that company that does God's work...they can show their US counterparts how it's done.
If this continues much longer we will actually have free markets, literally.
You da man.
If China wants a true capitalist system, it cannot continue along communist lines. A decision needs to be made. Either become a democracy or watch your economy implode. This is only the begining and no doubt will end with a revolution of sorts.
Communism mixed with Capitalism! Not an ideal situation.
If America wants a true capitalist system, it cannot continue along communist lines. A decision needs to be made. Either become a democracy or watch your economy implode. This is only the begining and no doubt will end with a revolution of sorts.
Communism mixed with Capitalism! Not an ideal situation.
How True.
This very short thread you two have just created sums up the past 40 years of US-China relations. The Chinese came a little to the capitalist side from communism (while still basically holding on to central control), and the US went a long way toward the communist side and moved also to a central control system.
Not working out too well, is it?
You cannot centrally plan a large economy. But control freak sociopaths will seemingly never learn this simple truth.
Next we find out if they get to keep what they stole during the time they managed to keep it running.
"But control freak sociopaths will seemingly never learn this simple truth."
They don't give a flying fuck as long as they get theirs and more.
If we stop confusing ideology (people doing the right thing by others) with reality (people taking more than their fair share) then all this is completely understandable and predictable.
Nobody gives a fuck about anybody else.
Even a simple act of trading that a vast majority of ZH's do is basically a form of theft. Trying to get something without doing any work.
We're all culpable, we all want ours and don't give a flying fuck about anyone else (not EVERYONE but the majority).
It's just life.
IMO, people give a fuck about others when we live in smaller communities. Don't get me wrong, I like modern comforts, but we fucked up when we invented civilization and didn't figure out how to keep that small group sort of community and loyalty that is built up by having to rely on said small group. I think that part of the problem with government is that people do best when group sizes are under 50 or 100.
Not communist in the US. There is some socialism like stuff here here, but communism requires some major changes in the ownership of the means of production. We're not even close in that department. If I had to give a description of what we are, I would say that we're pretty damned close to a corporatist oligarchy masquerading as a representative republic with a healthy dose of jingoism thrown in for good measure.
I appreciate what you did there. Very clever. But murikistan is fascist, not communist. Not that either is good, but there is a difference. Carry on!
The Holy Trinity:
Debt, Housing and Shares
So after the Chinese bankers bought the story from the US bankers that the way to make a slowing economy "look" better was to stimulate asset prices, the US bankers helped the Chinese get mom and pops and retirement funds to invest and create a frenzy ... like used to happen in the US before the banks were exposed as criminal operations. And then the western banks pulled the rug out from under the Chinese market ... and are probably now raking the money in by playing the downside.
The western banks will leave China in shambles, the way they did Japan in 1990.
The criminal bankers 1, Chinese oligarchs 0 (suckers!!)
IMO, if and when the Chinese want to go nuclear on someone to blame for getting taken to the cleaners by the banks, they need to focus on those individuals and entities that directly screwed them ... most likely starting in Basel and then working through London, Wall Street and Frankfurt.
They could do a lot to help the world by ridding it of the banker menace and freeing the countries from their slavery. Or, they could just lash out like a wounded, mindless animal not caring who they damaged or killed... hopefully they are more civilized than that.
And if the Chinese take it out on the bankers that would be the right opportunity for the governments to get back at the banks for the years of ugly slavery they have put us through and just stand back and let it happen.
Until the. Clinton Administration if I shorted a stock and it went to ZERO i paid ZERO capital gains tax as "no transaction was deemed to have occurred."
" Or, they could just lash out like a wounded, mindless animal not caring who they damaged or killed... hopefully they are more civilized than that." We're not talking about Israel, here. China aint so bad ('cept for all that commie shit).
Lets just wait until Western house of cards start falling down. I am guessing that 1,6 QUADRILLION in derivatives is a huuuuge shadow banking scheme, a bubble of such a magnitude that makes all bubbles on this planet combined look like a child's play!
When all the stocks are frozen..how is a stock pusher going to make any money....they will all die off....and if you have a margin call..and cant sell stock to cover it..what do you do..give them your over loaned copper in a warehouse...or your vacant condo in a dead city..??? so many choices..I bet Iphone sales are thru the roof
Could be a reason we are seeing gold and silver dropping. Stupid Chinese novice investors buying on margin now have to sell their valuables to make margin.
And now the bankers don't look so stupid for letting China buy all of that gold at higher prices.
That too was a set-up!
Criminal bankers 2, Chinese suckers 0
Could be. My guess is, there's a rush on the part of a TBTF bank (or two) to slam it to the downside in hopes of spooking confidence. Doesn't slow down my purchases of physical, mind you...
This does look ugly.
OT. Platinum is getting destroyed. I have a bad feeling we are seeing the future of Gold Price in front of our eyes. It's ugly.
I hope gold and silver does get obliterated in paper price. My fiat will buy moar for the inevitable end game.
Exactly. This is the start of a PM bargin bin sale. Let the dumping continue.
Don't look to APMEX. The silver premium seems to be going up twice as fast as spot is coming down.
Slamming Platinum prices down would be beneicial in two ways for TPTB. 1. Make PM's look bad. 2. Hurt Russian Pt.
Down down prices are down
its a fuckIng party!
Oh, and the best way to ensure the start of Anglozionist banskters' Ponzi scheme collapse is to hike the price of gold and silver. There must be trillions in derivatives, that instrument banksters use to control the price of something, tied to price of gold and silver.
Also, when the price of gold and silver start going up, it is probably going to cause the US Treasuries interest rate jump, which in turn will cause the huuge losses in derivatives tied to US Treasuries interest rates. That is when the game will be finally over.
Good point too.
Gotta factor in the US Dollar as a global reserve though.
"What will I in fact default to...
A devalued toilet paper nobody sane will accept.
In addition to ghost cities we will now have ghost markets.
How does one go about shorting the Yuan?
Fold it in half.
Fly to China. Take out huge loan in yuan. Buy gold with it. Leave.
Fortune cookie opened.
Avoid, taking unnecessary gambles.
Lucky Numbers 12,14,17,20 ,28 ,36
Isn't this how the crash of '87 happened, or was it Japan that started it?
Japan peaked in January of 90 ... before the lost decades.
From what I remember when watching a documentary on it, the 1987 crash was triggered by a futures crash somewhere in Asia. China is getting awfully close to doing so.
Both the 1987 crash and Japan's later crash and lost decades can be attributed in part to the 1985 Plaza Accord and the 1987 Louvre Accord, the latter an attempt to undo the fucked up Plaza Accord. Neither pact accomplished anything other than chaos.
That is something else. What is someone supposed to do when receiving a margin call, but doesn't have any way to buy/sell the stock position he holds?
More and more, I think society is just simply going insane.
Find a tall building and to make a political statement, document your cancelled "sell" orders and pin it to your chest and......
Jumppppppppp.
China, China, China!!!! Famous chant at the Bejing Olympics. Happier times.
They need a new gimmick to keep this Ponzi going. I say they should IPO those man-made islands. Can't lose on that deal.
i hope i am fucking wrong here, but would anyone else actually be shocked if the shanghai composite finished in the green?
this shit is laughable, and what will even be funnier tomorrow is when europe tanks again, and then right after the close, kevin and co start pumping like today and every other day and bring us back to green, no matter how much we r down ( but they will say the btdippers were the reason for the rally, lol)
Well, Shanghai has turned around but the Hang Seng is still in free fall.
of course it has, dont be surprised when it closes green or very close to.
and of course gold and silver will get monkey hammered
Folks will try and catch a falling knife too...
Stop trading on all stocks going down.
Keep trading on all stocks going up.
Voila! Automatic (and totally fake) green.
In China, the colors red and green have opposite meaning on the stock exchange.
Red indicates the stock is rising; Green means the stock is falling.
This is opposite from that in the US.
This difference comes from the cultural difference of colors in Asia and the West.
Red means stop or danger in the West. Red is a lucky or auspicious color in China.
Western media get it all wrong when showing Chinese stock quotes in red to indicate the stock market droping.
Are the markets really up 30 to 40% then?
US Dow Futures down over 100. Sympathy move?
will be flat by morning, guranteed.
Probably a combo of..No there really isnt a Greek deal and the euro is fucked and China and Japan are in financial shambles. Alot of moves into bonds would be my guess.
There's never been a better time to buy or sell Chinese stocks.
tight liquidity problem" in stock market
In "the stock market" you heathen bastards.
Lloyd Blankfein is behind it. Arrest him. Somebody call the police.
a total freeze is stupid. in the usa we ban just selling not buying. why would anyone ban buying? that's just silly. [/s]
Raw naked unvarnished PANIC!!!
Next we will hear, "whocouldaknowed? ... no one even saw it coming!!"
The big difference with China is they will prosecute flash crashers with a bullet.
Won't fix a contaminated market, but might scare enough to buy.
Yep, what the banksters do well, create monstrous bubbles.
A perfect guise to unpeg from the dollar....
Herd behavior and gambling are part of the Chinese culture and should have been taken into consideration when their stock market rules were set up. Unless, of course, there is massive short selling originating outide the country.
But... but... but... but China was supposed to have a fundamentally strong economy unlike the West! /s
Time to go retro with a good old fashioned sacrifice to the gods of economics. Perhaps a stoning in the public square. Even better, catapulting some asshole who sold his shares into the quotes on the big board.
You know its really hard to believe that the Chinese, for being as diciplined and smart as they are in so many matters, got duped into falling for the only thing proping up the Western economies. That is, ever expanding credit fueling whatever growth that can be had. I mean first they invested in infrastructure projects with free flowing credit from numerous parties only to eventually realize that these apartment complexs, roads, energy plants, shopping centers, etc. actually needed earnings to service the debt (translation, customers!). Then the citizens fell for the "housing market" story and bought up real estate (with debt) they didn't need or couldn't afford only to watch these prices fall. So with the housing market tanking, they then were hurded into the stock market with offers of rags to riches stories abounding and supported by endless supplies of free money (i.e., margin debt).
What a fricking mess they've created all based on the most widely misused and dangerous economic weapon of all-time, "Undiciplined use of Debt". But I give the Chinese credit on one front as they definitely paid attention in their finance courses at Harvard, Wharton, and other schools when they were told, taught, or brainwashed into the Western mentality and thinking as it relates to debt/credit. That is, just keep leveraging up to drive higher returns and economic growth. As for real earnings, cash flow, and income, hog wash as these don't really matter as long as the underlying asset is increasing in value (curtosey of the world's CBs).
But you also must remember two other major problems with the Chinese stock market on top of problem number one, excessive use of margin debt. Next up and problem two was astronomical PE/valuation metrics that in no way, shape, or form could be supported and/or were economically viable. These two problems alone would cause most markets to crash but I believe the biggest and baddest problem for the Chinese is in the reliability of the financial & economic information they produce. Basically everyone with a clue realizes the Chinese have been fabricating their GDP figures for years. This type of mismanagement and deceit has no doubt spilled over into the private/commercial markets where just about every company reporting financial results in China, public or private, is suspect.
So what could go wrong with a credit fueled orgy, based on extreme valuations, with financial figures and books that are propably cooked so bad that they would make the insiders at Enron even blush? Throw on top of this the second largest economy in the world that has no real experience dealing with these matters and laws/regulations that are immature and untested (e.g., real property ownership, secured interest in collateral through UCCs, bankruptcy protection, properly functioning courts, etc., etc., etc.). Let's just say ALOT!
No doubt the PBoC will throw everything at this mess as we all know, CB's egos, arrogance, and greed have no ends. But one thing is for sure as we are witnessing history in the making as in 20+ years when this period is written about, it will be most likely referred to as "When the CBs attempted to play God". Chapter one was written with the US MBS implosion. Chapter two is happening with Greece/ECB. Chapter three, four, etc. are now being written in China. The problem is, we have 20+ chapters to go as while the fuse slowly burns to the top of the pyramid, it may take years and possibly decades for this to play out.
Nicely said and thumb up. Even before Chapter 1, there was the Introduction penned by Alan Greenspan. The late 1990s stock market bubble was a doozy and also powered by the Fed, which had been lowering rates and juicing the economy big time over that period. Russia defaulting? Lower rates. Mexico debt crisis? Lower rates. Emerging markets currency crisis? Lower rates. LTCM going down? Lower rates. Y2K glitches possible? Lower rates. Market crashes under the weight of a hefty PE? Lower rates and encourage a real estate bubble.
Your analysis is completely correct, I just think it started with Greenspan prior to MBS.
Well put...however on this board everyone was to busy jerking putin and china off - to remember they are a house of cards x1000.....now every taxi driver in china is going to have to try to sell his/her car to make a margin call....wonder who will buy? oh will CB's need moar USD to fund the purchases of all these 'assets'.....
I'd add the repeal of Glass-Stegal to the list of important historical catalysts bringing us to today's 'Casino of the Absurd'.
... and the Commodity Futures Modernization Act of 2000, along with your mentioned Gramm-Leach-Bliley, UNDER CLINTON.
The only negative effect on low stock price is companies will be volunerable to acquisition that's why they stopped trading. These company don't get cash flow from stock market, they still loan from banks.
The Chinese regulators are throwing everything at it to halt the panic.
Sydney dunner shacks sold to cover margin calls?
“liquidity” means “buyers” doesn’t it!?!?
Chinese understand dog eat dog better than most
the real crisis might come when chinese start selling treasuries for liquidty needs... (ie to raise cash) to cover losses on stocks... I am surprised it hasnt happened yet...
The treasuries are the last piller of global finance, ie we wont see a true systemic crash until treasuries (US funding crashes) which will then usher in the end of the central bank interventions. (and who knows what next)..
It’s possible the Chinese will offer the U.S. some type of ‘debt forgiveness’ resulting in released purchasing power. That’ll help put the Chinese back to work.
Or the Chinese walk over to Greece and party on??
Hell, it's a dictatorship, make everyone buy stock.
Do I have to do all the thinking around here?
So much for Greece playing the China card.
Would have been so much easier to lean against a market that was on its way to more than doubling in 12 months, just like it would have been easier to lean against the overspending on real estate, but China endorses the Greenspan bubble building ethos.
Looks like you have to either short the market or buy bitcoin. Last price $267.38. Everything is going down.
also wounder if US is involved in this so Chinese now pressure Greece for solution, ie surprise resolution in greece could set bottom for China stocks... no resolution could see them really unwind,,
Perfect. :D
The Joos are going to move in and buy up China for cents on the dollar.
Bout time they got some decent bagels over there.
This has the earmarks of economic warfare. If it remains contained to the Shanghai and Hang Seng (and metals) I'll call it an ambush aimed at China.
All they need in that first image above is a row of slot machines behind them to complete the picture of what's going on there.
Even more Cow bell needed
https://www.youtube.com/watch?v=GCd0OjjCz88
The solution to too much cowbell ... is more cowbell.
Where have we heard that approach before?
Chinese elites going to buying Amerikan stawks with those Yuan. Chinese citizens will be selling gold to buy same Amerikan stawks.
As NYU Professors Jennfier Carpenter and Robert Whitelaw told CNBC in January...
This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash.
Don't you just love the Professors! Double Plus Smart! Students are lucky to be sitting at the feet of such luminaries of market fundamentals.
Hey, did the commie border guard chick defect or something?
Thinking that NYU students should petition to have Jen and Bob fired for incompetence. Or maybe that is NYU's specialty?!
When all circle the tidy bowl, he who flushes first, flushes best.
He who Resets* first, Resets best.
* Pegs new currency and devalued paper to Precious Assets.
It just seems that TPTB wanted to turn us into the UK or Europe... a normalization of high cost of living.
For instance Englsih Food Suffered for centuries it seems with plebs or serfs limited in what they could harvest and no hunting.
Plus with English Free Trade they avoided additional industrialization and have to raise wages... I might be wrong, but I see Spain & Portugal like this.
Luxembourg & Switzerland somehow more wealthy and privileged.
USA $15 Steaks at Walmart, $5 a lbs Hamburger.
And no one in power has anything to say about $2 cokes, $5 Bread, or the cost of Steak and loss of America to Oligarchy.
#@%&@ Now I'll read the article.
History shows that during periods of severe economic instability,precious metals are a store of value,and people will gravitate towards purchasing PM's such as in Asia now.The fact that the price has not risen is suspect.I wonder if we are not witnessing the worlds largest episode of musical chairs.When the music stops and everyone demands physical delivery things should get interesting...
Yes,the problem of the pile of T-bills,what to do?
Query,was this all planned?
Those out of work Chinese will join the army.
Create the crowd-funding request before Google gets the drones in the air.
chinese holocaust
It's difficult to discover price if there are no prices. Why bother with a market if trading is not allowed. Just close it down and welcome back the policies of Chairman Mao.
Check out the trading volume the way it changes - http://www.bloomberg.com/quote/SHSZ300:IND
the market crashes down on 4.4 million trading volume and now it rebounds but the volume is at 142k!
I'm not a market whiz but isnt this because they've locked so many out of being sold?
Well, I guess the positive news for China is that their bubble popped. At least now, they can muddle through an adjustment, and move forward with more accurately valued markets after sweeping up all the broken glass. The US bubble, on the other hand, won't just pop, it will explode. The US needed this to happen a long time ago.
For those of us old enough to remember, Black Monday started in Hong Kong. Just saying.
Chinese proverbs say...
"house leak slanting happen upon continuous night rain
When the roof is leaking, there will be continuous nights of rain
Misfortunes tend to come all at once
When it rains, it pours" so souwee
http://www.chinasage.info/proverbmisfortune.htm
I say we are all in the same Boat, Japan, Porto Rico, PIIGS, Troika, USA, China.
But look at how Gold and Silver go down as people flee to USD and how we are set up for High Demand on US Treasuries this Fall.
But TPTB only speak in Memes in the USA, they don't even bother to try to explain, analyze, educate, debate, criticize, review our American history or Values. No one since IBM & Ross Perot ever talk about Integrity.
30 September 2014, Final Monthly Treasury Statement, Outlays and Revenues, Table 5.
Federal Budget 2014 = $3.5 Trillion (B. Obama)
Federal Budget 2012 = $3.54 Trillion (B. Obama)
Federal Budget 2010 = $3.45 Trillion (B. Obama)
Federal Budget 2008 = $2.98 Trillion (G.W. Bush)
Federal Budget 2006 = $2.65 Trillion (G.W. Bush)
Federal Budget 2004 = $2.29 Trillion (G.W. Bush)
Federal Budget 2002 = $2.01 Trillion (B. Clinton)
Federal Budget 2000 = $1.79 Trillion (B. Clinton)
Federal Budget 1998 = $1.65 Trillion (B. Clinton)
Federal Budget 1997 = $1.6 Trillion (B. Clinton)
$T Debt Added
J. Carter, ,$0.37 T (4 yrs)
R. Reagan, $1.69 T
G. H Bush, $1.4 T (4 yrs)
W. Clinton, $1.627 T
G. W. Bush, $4.357 T
B. Obama, $6.365 T (4 yrs)
B. Obama, $8 T (6 yrs est.)
I guess if they cut 40,000 Army Troops that means you just Privatized 20,000 Private Contractors to act as Mercenaries in the Next Conflict at 5 Times the Cost. Which is part of why DoD Budget is going up in 2016 as President Obama Exits the Country(Hopefully). I've been calling DoD Budget going to $700 Billion within 5 years for a while. We will see $650 Billion in 2016, then new budget in 2017 will be $700 Billion.
Average Solider might make $30,000 a year, but Mercs make like $150,000... or so I have heard.
This passes Trend Test from A-76 Studies and BRAC Base Closures in DoD.
For those who still believe that China is ruled by communists; Wake up. The Chinese stock market crash is revealing more and freer capitalism in China than in US right now. Yes it is US that is run by communist banksters.
Here is a quote from my comment few weeks ago.
Is this crisis a trigger for global collapse. Perhaps but the crisis is already in full swing if you care to look.
ZH crowd and others wonder how long it will last before this illusion implodes since it cannot continue forever.
They are waiting for spectacular and quick blast and immediate ruins of the system. I say look around, it is happening now. It is explosion in slow motion that hits weak and vulnerable first and then proceeds to the strong and resilient.
We have to open our wide-shut eyes to see. The world is not gonna burn. It is burning.
Damn, I just squirted my shorts!!
World index futures now surrendering half of today's earlier gains (see the 30' chart): sometime soon the knife-catchers will be seen running for their lives:
http://www.investing.com/indices/us-30-futures-advanced-chart
The US feels threatened by Russia and China. First Russia gets screwed by the drop in oil prices and now china gets a two foot dildo in the ass from the stock market. Probably just coincidence.
I'm just data kind of guy but
Seems like a great time for TPTB to:
- One world currency
- One Government
- One religion
- One set of International Corporate & Banking Laws
- One International Treaty on Trade
- One Set of Property Laws
- One set of Freedom of Press Laws
- One set of Gun Laws
- One set of Government Eminent Domain Laws
- One set of Immigration & VISA Laws
- One set of Education Standards
- One Centralized Bank Rules, Monetary Policy Rules
- One Afrimation that State Power is the Ulimate Authoriy over Citizens and smaller state and local powers, claiming military & security supremacy as well as ownership of National Resources for Coordination in open trade, open international ownership of businesses, debts, assets, bonds, with relaxed safety & labor & environmental laws
Wouldn't that suck
Kiss your 1st & 2nd Amendment Rights good bye if Obama gets involved.
I hear Bikers are recruiting across the country. I think we are going to find the Vikings like here in the USA and the Federal Government has over-stepped it's authority in the last 15 years Big Time. Ain't no Supreme Court gonna say what is True.
What does it take for the Princes in US Leadership to learn the no longer have Legitimacy.
- Open Borders, Free Trade, Off Shore Tax & Trusts Jurisdictions, Mitt Romney Stashing his Cash & Raiding US Assets for his personal Kingdom
- Inflation in Taxes, Insurance, Housing, Education, Health Care that is only "Fair" to begin with, Food and Gas Prices that obviously have been set by Monopolies
Winter is coming ! in the stock markets that is...
Year of the Ram!
Po Ma Lee and The Traders
Oh, yeah, well, alright
We're rammin'
I want to ram it with you
We're rammin', rammin'
And I hope you like reminbi too
Ain't no rules, ain't no vow
We can do it anyhow
I and I will see you through
Cause every day we pay the price
With a little sacrifice
Rammin' till the ram is through
We're rammin', rammin', rammin', rammin'
And we're rammin' in the name of the Lord
We're rammin', rammin', rammin', rammin'
We're rammin' right straight from yard
Singing Holy Mount Shanghai, Holy Mount Shanghai
Jah sitteth in Mount Shanghai and rules all creation
Yeah, we're rammin',
Bop-chu-wa-wa-wa
Friday, I ask myself, "What can they do, 'monetize' the market with government buying schemes?" By Monday, this is a massive undertaking that they admit publically.
Monday, I think, "What's left... ban selling?" By Tuesday, 20% of shares halted, and now 40% on the Wednesday session. Not only that, they have OUTLAWED speech about a market panic. Drastic, even by Chinese standards.
On Thursday, will they attempt to halt sales of Chinese mutual funds outside of their country, possibly by blackmailing foreign governments with the threat of bond redemptions?
US Treasuries selling off on Friday? War by Monday? Are they insane?
Please people.....DO NOT BTFD on this one.
If the U.S. of fucking A. "regulators" had the BALLS to reign in margin usage like the Chinese are doing, the S&P 500 would be at 1,200. But the cretins in NY that do "God's work" are so good at what they do, they now have the Long SPX/Short SSEC trade so fully locked and loaded that the S&P could go there tomorrow and the bonus pool would be at all-time highs.
Never, EVER try to mess with the NY money boys.
You can mess with the NY money boys. Just dont try to beat them @ the money game.
At least the Chinese have the class to accept their fate in the stock market with a measure of dignity..I predict China will come back stronger then ever,after this crisis passes..
I hope you are joking. IF not, I have a bridge to sell you.
When the Hoovers did not want to be overheard by White House guests, they spoke to each other in Chinese.
They need to get the chinks out, especially out of the US markets.
Burn baby, burn!
China has been a potemkin village and anyone not on the secret sauce could see that or at least question the ridiculous claims of economic growth.
The phony facade of prosperity is going up in flames. Finally.
Speaking of Morons:
-
- Six-times deported illegal charged in felony hit-and-run...
- PREVIOUSLY DEPORTED ILLEGAL CHARGED WITH BURNING WOMAN, SON...
- REPORT: More Than 347,000 Convicted Criminal Immigrants At Large In USA...
- Trump gets support from mother of teen slain by illegal...
- Somali leaders in Minnesota seek release of men accussed of joining ISIS...
- FLASHBACK: Feds relocate 'tens of thousands' of Somalis to Minnesota...
- Laughing Teens Beat Jew in Brooklyn...
- Fourth Attack on Orthodox Community in One Week... - Iranian official: USA will remain our enemy...
- BREAK A LEG: Nuclear talks to continue beyond deadline...
- CENSUS: One in five Americans on welfare...
- Heroin Use Reaches Epidemic Numbers...
- Home ownership hits 20-year low, blacks suffer most...
- Economic hardships in Puerto Rico spur mass exodus to USA mainland...
- States face shaky financial futures; Pensions at risk...
- REPORT: Woman beaten to death by 'exorcist'...
- Man gets 3 years in prison for having 92 dead, sick cats...
- 'Bookkeeper of Auschwitz' could serve less than two years...
- DC Residents Say Take Down Jefferson Memorial, Rename Washington...
- OK governor defies Supreme Court -- Ten Commandments will stay at capitol...
And there is this:
- GUN SALES SURGE...
- JUNE RECORD...
Congrats, dipshit! You managed to post all of the "news" (I use this term soooo loosely) headlines off of the hub of all morons....Drudge.
Again, congrats, nice work.
Have you had the bread? Foour hours for bread!
No soup for you!!!
And how is it that you KNOW what the headlines are from teh "hub of all morons"?..
Prosecution rests your honor!!!
Calm down, the halt is just for the corrupt officials, so they can get out through the backdoor.
China didn't become extinct in 2007. This is a blip for them, not a crash.
Last timed I checked, I got enough gook made shit!!! In fact, I'm having a garage sale Saturday, lots of good stuff, Hardly used and all ready broken..
I would LOVE for us to help them become extinct though.