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Chinese Media Blames Soros, "Hostile" Foreigners For Stock Bloodbath
Sinister forces are at work in China’s stock market, according to at least one “non-biased” Hong Kong newspaper.
To be sure, one might well be tempted to suspect that the inevitable unwind of a completely unsustainable (and by many measures, entirely insane) margin mania is to blame for the brutal selling that has, over the course of just three weeks, cost Chinese shares some $3.5 trillion in market value. But you’d be wrong, according to Ming Pao.
Instead, the paper says, the same nefarious speculator who famously broke the BOE now has his sights set on bankrupting illiterate Chinese farmers.
Here’s more (Google translated for your amusement):
George Soros sold short A-share stock market decline to stick to the mainland
Failure to stick to the mainland stock market, the People's Bank's foreign hostile newspapers are suggesting that the initiator of short selling, the market rumors about George Soros and other short-selling A shares participate more rampant. In this round of decline in the futures market short is particularly evident, leaving the market to target the foreign capital. So foreign is really caused by the collapse of the culprit it?
Soros have taken rumored sell A shares
This isn’t the first time the recent collapse of China’s stock market has been blamed on “hostile”, short-selling foreigners. In fact, just four days ago, the pro-China, Taiwan-based China Times suggested that Morgan Stanley (whose “don’t buy this dip” call late last month didn’t do the SHCOMP any favors), Credit Suisse, and Bill Gross may be using “massive funds” to precipitate a sell-off.
Via China Times:
Suspected hostile short-selling behind sell-off in China markets
In a report on the Chinese news site ifeng.com, an analyst said the sell-off was similar to what took place in Hong Kong in 1997, when the territory's benchmark Hang Seng Index plunged 60% after peaking at 16,673 points.
The steep drop in share prices in Hong Kong in 1997 was caused by financier George Soros, who shorted both the Hong Kong dollar and the Hang Seng Index futures, the analyst said, adding that similar practices were observed in the last two trading sessions in China.
According to the analyst, massive funds entered the futures market, building a short position and leading
to declines in the stock markets. The size of the funds and the sophisticated trading methods are beyond the ability of Chinese institutional investors, the analyst said.
In fact, Bill Gross of Janus Capital, a co-founder of global investment firm PIMCO, said in early June that the Shenzhen Stock Exchange's Component Index presented perfect short-selling opportunities.
At the time, the index was at a seven-year high but plummeted 30% on Gross's comments. Morgan Stanley and Credit Suisse have also been bearish on Chinese shares recently.
The problem for China, as we've pointed out on several occasions this week, is that Beijing has lost all control of the narrative, which puts the Politburo in unfamiliar territory. Rhetoric intended to calm the millions of newly-minted day traders who flooded into the market in Q1 and the beginning of Q2 has largely failed to stop the rush to the exits. China's highly leveraged retail masses are now ready to sell every rip in an effort to break even, a mentality that contrasts markedly with the BTFD bonanza that prevailed on Chinese exchanges right up until June.
Now, each new policy maneuver only serves to make Beijing appear more desperate, which in turn inflicts further damage on investors' fragile psyche, leading to still more selling and still more margin calls in a vicious cycle that has by no means run its course considering the hundreds of billions in margin debt investors have accumulated through backdoor channels such as umbrealla trusts and structured funds.
Whether George Soros is capitalizing (in a very tax efficient way we're sure) from the carnage we can't say, but what we do know is that Soros, Gross, Morgan Stanley, and Credit Suisse are likely the least of China's short-term problems.
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The Shanghai Composite rose 80% from October to April during a time of slowing growth and fueled extenseively by Chinese day traders. Doesn't quite take a genius to figure out it would come back down.
China's revenge should be to buy 15 billion dollars worth of silver, tomorrow. Cause they need it for some new phones and PV panels.
Fucking brilliant
physical. as in put all I paid for in my hand, now. That'll rock the world.Could also use Gold if the color silver is not to your liking.
Recent gyrations in SSE may have finally triggered a loss of faith in Central Banks and shift in investor sentiment.
http://forayintothemarket.com/?p=115
Stock market was created for funding companies, not a casino. Ban Short selling all together. It is not condusive for business anyway.
and banks were created to safekeep money. how far we've fallen.
Double tax the practice.. and no deductions.
Depeg of the Yuan, eh?
They finally get it. And if they want it to stop guess what they can do. Simple clean graceful and just.
You know, if George Soros is bringing down the fake global house of cards like this, you guys owe him an apology.
Probably some Twinkies as well.
And where is this war with China suppose to take place?
China
Or the U.S.?
China stock market falls . Leads to civil unrest. Leads to government need to identify scapegoat. Funny, same thing may happen here in US. It's all the same everywhere.
As you recall China instructed their citizens to buy gold and silver. Time to give their citizens a little boost in these PM values to offset any losses in the stock market. This in turn will turn the stampede into PM's as well crushing the shorts on silver. Crush them!
I hope they kidnap Soros and take him for trial. Chinese court sentences is just what is needed here. Firing squad.
IFang.com
Sometimes shit just gets too weird. Trump bangs on about the illegals being cold heartless criminals (going for the low-hanging fruit!).Then one week later:
A young (white) lass is shot dead in Frisco by a five-time deported felon,using a stolen Fed's pistol,having been freed because the City authorities didn't feel like cooperating with other law enforcement agencies.
I smell an enormous civil liability lawsuit happening.Sorry about being off-topic....
The Trump speaks the Truth (mostly.)
I plan to vote for him vs. all the other cocksuckers just for the Thrill.
Don't know if there is any truth here but Soros is an asshole so feel free to execute the old fucker
Dear PBoC,
George Soros and other evil billionaries are very powerful, but their power is limited nowdays, as they don't have a magic printer.
So, if you think China's stocks are cheap, put your (fake) money where your mouth is:
- Print and buy, at any cost;
Wait, you can do better:
- Dump your claim to fake money (US bonds) and buy;
Wait, you can have the cake and eat it too... Go Sun Tzu style (The supreme art of war is to subdue the enemy without fighting):
- Follow Greece's suit and call for a referendum, asking your people if they want PBoC to sell US bonds to save Chinese stock market or they want you let the market run free. After this announcement, your problems will probably be solved.
Pretty much on the money about PBoC and those excess US Bonds, but there is another story and that is the tax story. One needs to veiw the PBoC as tax exempt and when those bonds come to uS shores.. Well, they could be all taxable at the highest rate, gift tax.
I blame too many Chinese shitting on the side of the road.
The best line I heard about China on MSM is that their stock market is not their economy so everything is fine. I instantly had the following 2 thoughts.
1. In the US, in 1929, the stock market wasn't the economy either.
2. Was the talking head inferring that in the present day US, the economy is the market and the plunge protection teams must bail, bail, bail?
I thought when the SHTF the Chinese would tell the US they are confiscating all US investments that are in China.
Time will tell.
Soros, Adelson, Saban...
Wolfowitz, Feith, Perle...
Paul Singer...
http://www.globalresearch.ca/argentina-a-case-study-of-israels-zionist-w...
Charles and Edgar Bronfman
The Rothschilds...
Sam Zell...
Irving Berlin...hate that fcker.
We must not allow a cyber hacking gap!
ha
msm smoke-screen
china-style
fu gs
A war with the US requires pretense and needs support from plebs as well. The Party is now desperately needs to divert peoples attentions and that requires war.
Soros made heaps of money on the 1997 Asia crisis. A crisis that cost around 400,000 people their lives in Asia due to the poverty, malnutrition and lack of access to medication it caused.
Soros is a blood sucking parasite and~~~~ what was the rest of the article about?
Ohh ya. Confucius say, " Man who use fat finger, should look in mirror."
Tyler
This blog on the Ming Pao actually states the opposite. That foreign investors have three ways to possibly short A-shares but the restrictions on short selling in China/Hong Kong exchanges preclude any major moves and is not the catalyst for the stock market's decline. In other words the post states that this rumour is bunkum.
The CPC's Global Times also stated this earlier.
http://news.mingpao.com/pns/?????????a??????????????????%20%20????/web_t...
(Having said that, Soros (Suo Luosi) is still a POS)
There was shortselling of Lehman in 2008, so what?
George Soros is not a funny man.; nothing amusing about him. And he is not the “least” of China’s problem if his history is taken into account. In many ways, he’s a big worldwide problem, from America to Ukraine, and beyond.
It was just last month that a Zero Hedge article explained how “hacked emails exposed George Soros as Ukraine’s Puppet-Master."
And it was in 2013 that Alexander Gorokhovin showed how George Soros and other exploiters with Fed connections make their money and why nations are looking for a way out.
Gorokhov then explained how the BRICST (includes Turkey) can stop this exploitation with a new currency for payments amongst their own countries backed by “the natural resources, industrial potential and reserves of precious metals present in the member countries of this union.”
Here, according to Gorokov, is the Soros connection:
Financial Warfare and the Power of Money: “Attack is the Best Form of Defense”| Strategic Culture Foundation (excerpt) By Alexander Gorokhov, Global Research, April 01, 2013The history of financial wars is in no way shorter than the history of conventional wars. However, although many have understood the power of money to subordinate nations, using it as a full-fledged alternative to the use of ordinary weapons began just a century ago.
American bankers played a decisive role in the process, initially subordinating themselves to the USA through the creation of the Federal Reserve System (FRS), and then encroaching upon the rest of the world by succeeding in getting approval of the Bretton-Woods Agreements on the dollar as a means of settling international payments. An equally important outcome of these agreements was the creation of the International Monetary Fund, controlled by the FRS.
As with conventional wars, the aim of financial wars is either the subordination of the state as a whole, or the establishment of partial control over it...
As with the major battles of conventional wars, the most spectacular and decisive events of financial wars are crises. The most significant crisis of the 20th century, the Great Depression, allowed all the banks’ gold in the United States to be concentrated in the Federal Reserve and FRS member banks to establish control over the lion’s share of American industry.
The financial crisis established in Great Britain in 1992 by currency speculator George Soros, who was closely connected to bankers from the FRS, not only enabled him to earn 1 billion dollars in a single day, but also caused the devaluation of a dozen European currencies, as well as delay the introduction of a single European currency for six years. Most importantly, however, was that it significantly increased America’s influence on the European economy through Americans [read oligarchs] buying up drastically cheaper shares in European businesses.
Soros was also one of the initiators of the 1995 crisis in Mexico which shelved plans for the construction of an interoceanic canal that would have rivaled the Panama Canal controlled by the Americans. In the same year, Soros dealt a blow to Japan, as the rapid growth of the country’s currency was threatening to transform it into a global financial centre, a rentier state whose yen-denominated loans were ensuring an explosive increase in the economy of Southeast Asia as a whole.
Immediately afterwards, with the support of FRS member banks, Soros brought down the financial systems of Indonesia, South Korea, Thailand, Malaysia, Thailand and Hong Kong – all the “Asian Tigers” were firmly shown their place in the cage, having been forced to tie their economies to the US dollar. Taking advantage of a fall in shares of these countries’ electronic companies and the resulting fall in the Dow Jones Index, American high-tech corporations – IBM, Intel, Motorola, Compaq, Dell and Hewlett Packard – bought up a considerable amount of these shares, as well as their own shares that had been “dumped” by third party investors.
Mention of George Soros stirs up more than just his role in organising the crises. Even with several billion dollars available, he would not be able to organise crises without enormous preparatory work. Part of this involves shaping the opinions of those involved in the financial market regarding the inevitability of a particular crisis emerging. After which, even a relatively small amount (to the tune of several billion dollars) is enough to spark off panic in the financial market, which would then devalue the currency and shares of a country’s key enterprises, if not the whole region. …
[T]he US has been using its best endeavours to create a Free Trade Zone with the European Union with a view to finally removing the remaining barriers to the penetration of American capital into Europe and, after engineering the collapse of the euro, to buy up Europe’s tastiest morsels using vastly inflated dollars under the pretext of saving the EU’s economy…
One could argue that the USA simply does not have the money for such a large-scale operation. In point of fact, it is true that the government does not have enough. The Federal Reserve System does, however, shown by the scandal that recently broke out in the States regarding the FRS providing secret loans to “loyal” banks totaling almost three trillion dollars. The banks that were lent the money used it to buy up shares in promising businesses throughout the world from private banks not part of the FRS and in a difficult financial position as a result of the 2008 crisis. The money obtained from the sale of shares went back to the buyer as debt repayments and back to the FRS. As a result, such huge loans did not cause hyperinflation for one simple reason: the money did not end up in the real economy. Nevertheless, “electronic zeros” taken from a “bottomless pocket” materialised as real authority over actual large-scale businesses. …
http://www.globalresearch.ca/financial-warfare-and-the-power-of-money-attack-is-the-best-form-of-defence/5329303
Yes, he's B A D. But remember, he is only a grocery clerk for The Red Shield.
To the Chinese, Soros is a “hostile” foreigner. And in every way, he is a hostile foreigner to Americans.
Soros, who as you say is "only a grocery clerk for The Ted Shield" and gets to run with the Wall Street oligarchs, in his book “The Age of Fallibility,” wrote, “The main obstacle to a stable and just world order is the United States.” He announced in 2003 that it is necessary to “puncture the bubble of American supremacy.” In the Atlantic Monthly of February 1997, Soros wrote, “The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.”
And he and the Fed are doing a great job of bringing down that capitalist threat,” i.e., the United States and its white European Christian middle class.
There’s nothing American about the Fed except for its headquarters. It is international and its role with America is one of takeover.
Soros must havegood security. The PRC secret Service, the KGB, nobody can get to him. He must have MossadTM protection.
Oh please, stupid chinese give me break. You let that bubble into climax of course it had to go down, but stop banning "words" and blaming somebody else in populist way you retards. As low as my opinion about US and Soros may be, China beat them all time high. Oh and while I am at it, stop copying foreign products(and cities) and try to create something unique by yourself - you stupid leeches.
This is about China, not Israel, dude, just fyi.
Soros merely launders money for the people that really do the damage.
Do SOMETHING ABOUT IT CHINA. DO IT.
Two of soros's blood donors neg? May HIV consume your entire families.
US military should be on alert.
Are we standing down again?
If only all stock market trades were routed through Hillary's private server, this disaster could have been avoided. Oh well. What difference, at this point, does it make?
Yeah but will the PLA terminate Soros w/ extreme prejudice??
Started noticing since around 2012 that western banks and companies were ditching China by selling off stakes in JV's etc or calling off deals. There probably are legitimate reasons, but it seemed very curious that I was seeing these pop up in the news.
Examples, BAC, Goldman, Citi, Scotia, ING, Cheung Kong Holdings, HSBC, Carlyle Group, YRC Worldwide
http://www.reuters.com/article/2011/11/15/us-china-ccb-idUSTRE7AE0GB2011...
http://www.reuters.com/article/2011/11/09/us-goldman-icbc-idUSTRE7A82US20111109
http://www.reuters.com/article/2012/10/08/idUS91297+08-Oct-2012+HUG20121... http://www.bloomberg.com/news/articles/2013-01-07/carlyle-selling-remain... http://finance.yahoo.com/blogs/daniel-gross/citi-garage-sale-continues-sale-stake-china-bank-154313067.html http://www.cbc.ca/news/business/story/2013/07/12/business-scotiabank-chi... http://www.wsj.com/articles/SB10001424127887324081704578231103586748598 http://www.joc.com/trucking-logistics/ltl-shipping/yrc-worldwide-sells-s... http://www.wsj.com/video/more-key-players-sell-off-chinese-bank-stakes/5...George Soros has now accepted a position on the National Finance Council of the Ready for Hillary Super PAC, a group paving the way for a 2016 presidential run for the former first lady and thoroughly disgraced former Secretary of State with regard to the Benghazi affair and email-gate. It is becoming clear that after the economic collapse, Hillary will become the Commissar of economic, political and social subjugation. Also---Where did Chelsea get married?--Large Soros owned estate in upper New York.
Ed Mcmahon--The good, the bad, and the ugly
Carnac The Magnificient--Chelsea, George, and Hillary
Human Events’ readers, in an online poll in 2011, voted billionaire financier George Soros “the single most destructive leftist demagogue in the country.” And partnered with that leftist demagogue is John Podesta, ever present on the Washington scene.
Soros is the madman who bankrolls MoveOn.org. It’s ironic the phrase was created when Clinton’s immorality in office was under fire. The theme was let’s move on and judging from how the Clinton Administration’s Wall Street connections have continued to plague us ever since, I would suggest instead of moving on that we go back and settle the Clinton Legacy which is Bob Rubin and John Podesta (president and founder of the Center for American Progress –CAPs) and Soros.
John Podesta, IMO, recently left off writing Executive Orders for Obama to move on up to running Hillary's presidential campaign.
Wrote Mike Dorning in Podesta’s Push for Executive Power Raises Stakes on Obama Agenda on December 19, 2013: “When the Republican victory in the 2010 midterm election raised the prospect of political gridlock, John Podesta was ready with an answer: The president should bypass Congress and wield the executive powers of his office.“Less than two weeks after the returns came in, Podesta had compiled 47 pages of proposals for unilateral action on issues from immigration to solar energy. President Barack Obama’s ability to ‘accomplish important change through these powers should not be underestimated,’ he wrote.
“Now, Podesta’s appointment as counselor to Obama adds a strong promoter of that strategy to the president’s inner circle as Republicans stand in the way of the White House agenda.”
http://www.bloomberg.com/news/2013-12-20/podesta-s-push-for-executive-power-raises-stakes-on-obama-agenda.html
Discover the Network research reveals:
Podesta's most lasting contribution to the leftist cause came through his promotion of a strategy that White House aides dubbed "Project Podesta." This was a system that enabled the Clintons to push through unpopular policies that neither Congress nor the American people wanted. Its implementation marked a dramatic tilt in the balance of power, giving the executive branch an unprecedented ability to force its will on the legislative branch.
Project Podesta enabled the President to bypass Congress through the use of executive orders, presidential decision directives, White-House-sponsored lawsuits, vacancy appointments to high federal office, selective regulatory actions against targeted corporations, and a host of other extra-constitutional tactics.
In short, Podesta showed the Clintons that they could gain by force what they might fail to achieve through legislation. "Stroke of the pen. Law of the land. Kind of cool," quipped White House aide Paul Begala to The New York Times on July 5, 1998, in response to questions about the Clintons' growing disdain for the will of Congress.
Project Podesta's most ambitious exercise was the war on Yugoslavia which Clinton launched by executive order on April 13, 1999, in defiance of the U.S. Congress and the United Nations.
When US News and World Report first revealed the existence of Project Podesta on November 1, 1999, two Congressional hearings convened to investigate the Clintons' abuse of executive power. But the investigators issued no reports and took no action.
... Podesta co-founded the Center for American Progress (CAP) on July 7, 2003, and would serve as the organization's president and CEO for the next eight years. He was hand-picked for the job by CAP co-founders George Soros and Morton H. Halperin, according to a March 1, 2004 report in The Nation by Robert Dreyfuss. Inside sources described CAP as "the official Hillary Clinton think tank" -- a media spin machine and policy generator designed to serve as a springboard for Mrs. Clinton's presidential ambitions.
...Podesta also has served as an Independent Advisory Council member of the notoriously corrupt community organization ACORN.
...In 2010 Podesta authored a report outlining ways in which President Obama could use his executive authority as well as the Environmental Protection Agency to push a progressive agenda on climate policy..
...In February 2013, it was reported that the Podesta Group had just signed a contract to become the first DC lobbying firm to represent the government of Iraq, which had been developing increasingly close ties to the government of Iran. Iraq selected this firm because of its strong links to Democratic Party leaders such as Bill Clinton, Hillary Clinton, and Joe Biden.
On November 15, 2013, Podesta helped launch the Washington Center for Equitable Growth and subsequently served as the organization's chairman
http://www.discoverthenetworks.org/individualProfile.asp?indid=1626
And that's just for starters....
Jewhad : Suck the whole world dry, even Chinese cannot escape their tactics.
Jewhad financial terrorists (read banksters) get huge QE money from USA
They invest in stock markets at massive scale.
They show carrot of high rise & drive common public & small investors to invest in stock market.
Common public gets greedy & invests taking stock mkt higher.
Then suddenly these Jewhad terrorists pull the plug, sell all, take all money plus profit & run away to another mkt & do it again.
Stock mkt loses massively , so do common ppl & small investors.
Financial terrorism.
Soros? Works for me.
Right, lip service is easy. Proof is another. I do have a proof for the Obama administration spying on not only the whole world but also American people.