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Angry Chinese Investors Capture Head Of Metals Exchange In Predawn Hotel Raid

Tyler Durden's picture




 

Meet Shan Jiuliang. 

He’s the head of Fanya Metals Exchange and he was captured in a daring predawn raid in Shanghai on Saturday. 

As FT notes, "Fanya is a forum for trading minor metals like indium and bismuth that has also functioned as a shadow banking conduit — not only leveraging metal deposited with the exchange as collateral for loans, but offering high interest investment products to retail investors."

If that sounds familiar to you, it should. Just last week in "The 8 Trillion Black Swan: Is China's Shadow Banking System About To Collapse?," we took a fresh look at the dizzying array of wealth management products and collective trust products that are, together, a CNY17.2 trillion industry in China. Summarizing a (very) long and convoluted story, WMPs are marketed to investors through banks as a high yielding alternative to savings deposits. Investors aren’t often aware of exactly what they’re investing in or how risky it might be or that in many cases, issuers borrow short to lend long resulting in a perpetual case of maturity mismatch. 

"A key issue is whether the presumption of implicit guarantees is upheld or the authorities allow failing WMPs to default and investors to experience losses arising from these products," the RBA said in a report, to which we responded that in the event investors are forced to take losses, "the key issue is what those investors will do next."

Well, now we know.

First they will stage angry protests and then, if their money is not returned to them in about a month, they will travel from all corners of the country, stake out a hotel, kidnap the issuer of the WMP and haul him away to jail. Here’s FT with the story:

The head of a Chinese exchange that trades minor metals was captured by angry investors in a dawn raid and turned over to Shanghai police, as the investors attempted to force the authorities to investigate why their funds have been frozen.

 

Investors have been protesting for weeks after the Fanya Metals Exchange in July ceased making payments on financial investment products. The exchange, based in the southwestern city of Kunming, bought and stockpiled minor metals such as indium and bismuth, while also offering high interest, highly-liquid investment products from its offices in Shanghai and its financing branch in Kunming.

 

Some investors flew in from faraway cities to join hundreds more surrounding a luxury hotel in Shanghai before dawn on Saturday. When Fanya founder Shan Jiuliang attempted to check out, they manhandled him into a car before delivering him to the nearest police station. Shanghai police took Mr Shan into custody and promised to work with local authorities in Yunnan province to investigate what has happened to investors’ money. They later released him without charge.

 

The demonstrations in Shanghai and Kunming and the exchange’s unusual accumulation of several years’ supply of some metals have so far failed to attract much public attention from regulators. A report by the local regulator identifying the exchange as one of the bigger investment risks in Yunnan was redacted to remove reference to Fanya late last year.

 

The exchange began to experience liquidity problems this spring. Fanya is estimated to hold several years’ supply of minor metals used in some high-tech and military applications, which it purchased at above-market prices. The exchange’s travails are pressuring prices for some of these metals, as traders anticipate it will have to sell its stockpile.

 

The exchange, which has acknowledged it has problems, is backed by several of China’s minor metals miners. It has said it has found a buyer but won’t identify the company. Mr Shan “was deceiving us. He admitted to us that there is no buyout group,” said one disgruntled investor surnamed Gu, who participated in the rainy early morning raid.

 

Mr Shan has been holding regular meetings with exchange backers since problems first surfaced this spring and was on the way to Guangzhou for a business trip when captured.

As you can see, we are not at all joking when we contend that any move by China to allow for defaults and permit market forces to play a larger role in determining which investments eventually sour is likely to be met with a severe public backlash, especially for something like WMPs where investors believe they may have been deceived. 

If Shan Jiuliang's bad weekend is any indication of what's in store for the Politburo once the PBoC loses complete control of the stock market, managing the yuan and restoring economic growth may be the least of Xi Jinping's worries. 


 

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Sun, 08/23/2015 - 19:32 | 6459469 logicalman
logicalman's picture

Shit's getting real!!

Sun, 08/23/2015 - 19:36 | 6459495 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Of the 10 conflicts in human history with the highest death tolls, 5 were civil wars in China.

Sun, 08/23/2015 - 19:46 | 6459546 TeamDepends
TeamDepends's picture

Yes, you people are obsessed with death. How many tens of millions did your hero Mao slaughter?

Sun, 08/23/2015 - 19:57 | 6459595 Dr. Engali
Dr. Engali's picture

Oh, I know! I know! Not enough?

Sun, 08/23/2015 - 20:03 | 6459612 palmereldritch
palmereldritch's picture

Free Jon Corzine!

Sun, 08/23/2015 - 20:05 | 6459624 Down to Earth T...
Down to Earth Thinking's picture

Corzine should meet the same fate but Americans are cowards these days ! Any wonder all has gone to hell in a basket ?

Sun, 08/23/2015 - 20:15 | 6459659 El Oregonian
El Oregonian's picture

Wish it was the Bernank. Yellen, just put her in one of Hillary's orange prison jump suits.

Sun, 08/23/2015 - 20:22 | 6459675 Richard Chesler
Richard Chesler's picture

Just wait until 1.4 billion angry chinese figure out it's the jews that had 'em and procceed to make the nazis look like boy scouts :)

 

Sun, 08/23/2015 - 20:23 | 6459709 willwork4food
willwork4food's picture

They won't. They will blame the US. As for the statement on Mao-he did what he had to do to regain control over a US/UK lead opium addiction.

Sun, 08/23/2015 - 20:33 | 6459752 Uchtdorf
Uchtdorf's picture

Yeah, all credible drug addiction recovery programs utilize murder as a means of restoring the addict to good health.

Sun, 08/23/2015 - 20:34 | 6459762 willwork4food
willwork4food's picture

Hey dick head I'm not saying it was right, I am only stating history. Fuck off.

Sun, 08/23/2015 - 20:46 | 6459809 Fahque Imuhnutjahb
Fahque Imuhnutjahb's picture

This Shan guy shows real potential, maybe we could get him released and put him in charge of one of our regulatory agencies.

Wonder if he'd convert to Judaism?  I think that may be a prerequisite of late.

Sun, 08/23/2015 - 20:53 | 6459832 CheapBastard
CheapBastard's picture

I vote they give him a fair trial before hanging him.

 

However, tell me how much he's worth and how high up he is, and I'll tell you the verdict beforehand. China is no different then Merika. TBTJ get a slap on the hand.

Sun, 08/23/2015 - 21:08 | 6459887 Not Goldman Sachs
Not Goldman Sachs's picture

They released Shan.  tbtj

Sun, 08/23/2015 - 21:24 | 6459930 strannick
strannick's picture

MF Grobal

Sun, 08/23/2015 - 22:54 | 6460215 Manthong
Manthong's picture

Seems to me that the CME might want to read and heed..

and some folks might not consider delivering them to the crooked authorities.

.. just a thought..  :-)

 

Sun, 08/23/2015 - 23:12 | 6460441 Mad Cow
Mad Cow's picture

The Fit Hit The Shan?

Mon, 08/24/2015 - 02:58 | 6460964 cookie nookie
Mon, 08/24/2015 - 08:12 | 6461475 cooky puss
cooky puss's picture

The Fit Hit The Shan?

Ahah! A "contreprètrie" in French (sophisticated words play).

I drink these like good wine when so à-propos. +1 to you my good Sir!

Sun, 08/23/2015 - 21:25 | 6459935 macholatte
macholatte's picture

 

HINT: Mao wins.

Top Ten Most Evil Dictators of All Time (in order of kill count)

http://popten.net/2010/05/top-ten-most-evil-dictators-of-all-time-in-ord...

Sun, 08/23/2015 - 21:11 | 6459892 BurningFuld
BurningFuld's picture

The day I see them doing this to Blankfein is the day I am sitting on why deck having a cold one and thinking life sure is fucking good.

Sun, 08/23/2015 - 21:07 | 6459882 Supafly
Supafly's picture

A dead addict does decrease demand though.

Sun, 08/23/2015 - 20:42 | 6459790 lasvegaspersona
lasvegaspersona's picture

I believe your Mao dates are off by 100 years. The Opium wars were mid 1800s. Mao was born in 1893.

He was a commie though.

Sun, 08/23/2015 - 20:46 | 6459803 ZD1
ZD1's picture

China's opium wars were in the 1800s which was well before Mao became communist dictator of China in 1949.

Mao came from a rich farming family and Mao converted to Marxism–Leninism while studying at Peking University and became a founding member of the Communist Party of China (CPC).  Mao helped to establish the Red Army during the Chinese civil war between the Kuomintang (KMT) and the CPC. On October 1, 1949, Mao proclaimed the foundation of the People's Republic of China (PRC), a single-party state controlled by the CPC.

During Mao's Great Leap Forward, at least 45 million Chinese were worked, starved or beaten to death in China between the years of 1958 to 1962.

 

http://www.independent.co.uk/arts-entertainment/books/news/maos-great-le...

Sun, 08/23/2015 - 20:53 | 6459841 willwork4food
willwork4food's picture

I stand corrected.

Sun, 08/23/2015 - 21:18 | 6459918 TeamDepends
TeamDepends's picture

+1 for admitting you were wrong. It is easy to be misinformed these days, especially if you consult "history books". You were probably thinking of the Hopium Wars, in which Obama genocided tens of millions of capitalist clingers....

Sun, 08/23/2015 - 23:28 | 6460274 Manthong
Manthong's picture

Welcome to the Rabbit Hole.

For more info just Google: ”Mao and Yale

 

Skull and Bush Bones, anyone?

“The Yale-China Association was first incorporated as the Yale Foreign Missionary Society, and was known informally as Yale-in-China as early as 1913….. 

Between 1919 and 1920, future Chairman Mao Zedong had several encounters with the school: he edited its student magazine, re-focusing it on "thought reorientation," and operated a bookshop out of its medical college.[1][2]

https://en.wikipedia.org/wiki/Yale-China_Association

 

"During World War II, 'Yale in China' was a primary instrument used by the U.S. Establishment and its Office of Strategic Services (OSS) to install the Maoists into power.

'Yale in China' was run by OSS operative Reuben Holden, the husband of Bush's cousin, and also a member of Skull and Bones. "The Maoists made China into the world's largest opium producer., 

http://forum.prisonplanet.com/index.php?topic=154829

This stuff can be verified through numerous credible sources and guess what...

The rise of China to a modern manufacturing and export giant, the technology transfers and the job transfers from the US to China was NOT A MATTER OF HAPPENSTANCE.

It was engineered by US banks and trans-national corporations.

TTIP and TPP anyone?

 

Mon, 08/24/2015 - 06:00 | 6461105 janus
janus's picture

i'll back you up on every bit of this, Manthong (because every bit of it's true).  'NGOs' (and their various incarnations) have been used as fronts from the beginning -- and the rabbit hole never ends...it is additionally interesting to note that yale was founded and initially endowed by the profits from a certain opium company.

if the chinese ever find out that they're but 1.3 billion beta-test subjects, things could get dicey in sino-land.  hell, if americans ever find out that they're but 315 million beta-test subjects, things could get dicey in columbia. actually, the same could be said for almost all of the world's present inhabitants.

sadly, it sometimes seems that delta & epison drones don't seem to mind if they're beta-tested...so long as you keep the soylent green hot & spicy (and remember to wash it down with something rich in nutritious electrolytes)!

janus

Sun, 08/23/2015 - 21:35 | 6459975 palmereldritch
palmereldritch's picture

http://www.abovetopsecret.com/forum/thread351447/pg1

...for instance, Saddam Hussein, Yasser Arafat, Mikhail Gorbachov, George Bush and Tony Blair are all 33rd degree Freemasons. Marx, Engel, Lenin, Stalin, Trotsky, and Mao-Tse Tung were all high-level Grand Orient Lodge Freemasons. Winston Churchill was Committee of 300 and a Mason. Cecil Rhodes founded the Round Table, was Committee of 300 and a Mason. Henry Kissinger is a Mason, Knight of Malta, Committee of 300 and a Bilderberger. Dick Cheney is CFR and Trilateral Commission. David Rockefeller founded Bilderberg and the Trilateral Commission, and is also CFR, Committee of 300 and a Mason. These are the biggest, most powerful names in politics, all meeting in secret with no minutes, and no media coverage. Our public servants making private policy decisions behind closed doors. This has been the rule, not the exception, for longer than most people realize.

[Emphasis mine.]

Mon, 08/24/2015 - 01:06 | 6460807 Marco
Marco's picture

I fail to see the distinction.

Sun, 08/23/2015 - 22:14 | 6460145 jcdenton
jcdenton's picture

To be fair, it was Tel Aviv ..

http://www.veteranstoday.com/2015/08/23/israels-rage-and-impotence-the-f...

President Obama ordered the disabling of the Iron Dome in response to Netanyahu’s interference in American domestic politics, not just related to Iran but health care, social security, workers rights and other areas.  Netanyahu has been working closely with members of organized crime to crash the American economy to punish President Obama.  Those efforts have increased 10 fold since the Iran agreement including moves against China as well including what we are now told was the use of an Israeli tactical nuclear weapon at Tainjin.  10 days after the explosion, IAEA inspectors leaked their initial findings which are being released here for the first time.  They list the weapon at 20 kilotons.

I comment as klaatuaquinas and asked for a clarification. That clarification is in progress. Understand we are dealing with classifed info here via the present IAEA ..

klaatuaquinas  August 23, 2015 at 2:48 pm  

“They list the weapon at 20 kilotons.”

Can we clarify this please? That is closer to the size of Hiroshima and Nagasaki. The stolen W54 pits (Davy Crockett) from Pantex are actually 10 to 20 TONS. If a 20 kt device went off at Tianjin at ground level, then there would be one hell of a crater. Did I miss something? Missing photos of Tianjin by any chance?

Reply

 

  • Gordon Duff, Senior Editor  August 23, 2015 at 5:27 pm

    A W54 pit could make a 150 kiloton single stage weapon depending on design or a fizzler to blow the door off your shitter.

  • Gordon Duff, Senior Editor  August 23, 2015 at 5:28 pm

    I have a crew working on this…without me. My mail is filled with formulas and other crap, some of it says it is classified and cant be put in print.
    Nothing new.

 

The W54 pits are modified/enhanced Davy Crocketts. Up to 350 of them were stolen from Pantex in Amarillo ..

http://www.veteranstoday.com/2015/06/13/ordered-suppressed/

Sun, 08/23/2015 - 20:22 | 6459687 y3maxx
y3maxx's picture

Newly formed ...Chinese ISSIS rebel forces      thank you American CIA

Sun, 08/23/2015 - 20:21 | 6459691 negative rates
negative rates's picture

Might sound astounding to you, but, nothing to see here folks, you can go about your........night.

Sun, 08/23/2015 - 20:59 | 6459854 TheRideNeverEnds
TheRideNeverEnds's picture

He meet a similar fate.

"Shanghai police took Mr Shan into custody and promised to work with local authorities in Yunnan province to investigate what has happened to investors’ money. They later released him without charge."

"They later released him without charge."

They may be more convincing in their 'investigations' but make no mistake about it, members of the club are just as immune to prosecution there as they are here, probably even more so.

Sun, 08/23/2015 - 21:33 | 6459965 Sages wife
Sages wife's picture

"No, please, not the briar patch!"

Sun, 08/23/2015 - 22:11 | 6460130 Mr.BlingBling
Mr.BlingBling's picture

I'm sure the next mob of angry investors will not repeat this group's mistake of trusting the police.

Mon, 08/24/2015 - 00:22 | 6460695 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

Americans still have too much to lose to run down to Goldman Sachs and grab Johnny Dimon, stuff h in a trunk of a BMW and drive him to police headquarters. 

Sun, 08/23/2015 - 20:23 | 6459705 negative rates
negative rates's picture

Well he didn't mean too, sword, meet heart.

Sun, 08/23/2015 - 19:46 | 6459547 bid the soldier...
bid the soldiers shoot's picture

Wow.  Imagine China's population without them

Sun, 08/23/2015 - 19:52 | 6459574 tmosley
tmosley's picture

I'd rather imagine the level of technology we would have.

And it probably wouldn't have been too much higher, as people tend to have fewer children when conditions start to get cramped.

Sun, 08/23/2015 - 19:57 | 6459599 Thick Willy
Thick Willy's picture

Stop spreading these anti-human lies please.  Only white people have ever shown the capacity to exercise self control to such a great degree as to actually reduce their populations to the point of cultural, national, and racial suicide.  The non-white populations everywhere are BOOMING like never before.

Sun, 08/23/2015 - 20:00 | 6459606 max2205
max2205's picture

Yet MCD and YUM kill thousands everday......

Sun, 08/23/2015 - 20:09 | 6459640 Down to Earth T...
Down to Earth Thinking's picture

no doubt and how many suffer or die from pharma ? more than Mao killed over time, thats for certain. Kill a few million , pay a fine and sell off the balance of the product to third world nation and keep on truckin ! all part of doin biz in USSA today.

 

So why is it so few can actually see the many illusions we all live under here in USSA today ? this is a test .

Sun, 08/23/2015 - 20:15 | 6459635 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Decreasing fertility rates are a function of industrialization, higher educational standards (particularly among women) and rising standards of living (i.e. access to contraception). It is unrelated to ethnicity. The country facing the most pressing demographic issues is, in fact, Japan.

This seems difficult to grasp for lowly educated White Supremacy types.

Sun, 08/23/2015 - 20:29 | 6459732 ZD1
ZD1's picture

Eirik knows all about being lowly educated as a dumb leftist Scandinavian who allowed his welfare country to be conquered without a shot being fired. When he's not posting crap here, he's out orally servicing his muzzy masters.

Sun, 08/23/2015 - 20:39 | 6459783 Bunghole
Bunghole's picture

and his chocolate wife.

Sun, 08/23/2015 - 20:50 | 6459828 CheapBastard
CheapBastard's picture

Man with hand in pocket feel cocky all day.

 

~ Old Chinee Proverb

Sun, 08/23/2015 - 22:15 | 6460152 bid the soldier...
bid the soldiers shoot's picture

Man who feel cocky all day have sticky pocket.

 

not so old Chinese proverb.

Mon, 08/24/2015 - 06:13 | 6461129 americanreality
americanreality's picture

Man who goes thru airport turnstile sideways going to Bangkok

Another Chinese proverb

Mon, 08/24/2015 - 08:36 | 6461648 detached.amusement
detached.amusement's picture

what's the capital of bangkok?!

??

nevermind!  *kicks nuts*

Thu, 08/27/2015 - 18:02 | 6478968 GoinFawr
GoinFawr's picture

Hahaha, yes,  ohhh. ar  So funny.  american'eal': entertaining the lowest common denominator on an internet message board.  Tell us again about the americanreality family vacation to Lake Pissitcumfromme when you saw some First Nations people.  That was so awesome,  ar!

Ghod can flying spaghetti monster worshippers be sanctimonious diaper baby sensitive hypocrites. How I loathe that.

Sun, 08/23/2015 - 20:38 | 6459776 FedFunnyMoney
FedFunnyMoney's picture

The Japanese are non-white and have very low birth rates. They are not replacing themselves and have been talking about immigrants as a solution.

There goes your theory into the garbage.

Sun, 08/23/2015 - 20:44 | 6459801 lasvegaspersona
lasvegaspersona's picture

Average child per Bangladeshi family...2.2.     I know it is hard when facts don't mesh with your prejudices.

Sun, 08/23/2015 - 21:11 | 6459891 all-priced-in
all-priced-in's picture

So does that mean they have 30 kids and on average 2.2 live past the age of 2 or what?

Sun, 08/23/2015 - 19:52 | 6459565 38BWD22
38BWD22's picture

 

 

Indium.  Bismuth.  Two "minor metals" that China dominates.

They dominate the rare earths even more tightly.  I wonder if the rare earth metals are affected by Fanya.

Download the UK's supply risk list from the page here:

http://www.bgs.ac.uk/mineralsuk/statistics/risklist.html

Sun, 08/23/2015 - 20:11 | 6459642 Paveway IV
Paveway IV's picture

It's hard to believe strontium is on that list as a high-supply-risk.

Hell, just park a barge off the Fukushima coast and start sucking up the strontium floating around the plant. Don't worry about running out - there's an underground drain that spews about 400 tonnes of strontium-tainted water ever day.

You're NEVER going to run out of strontium. Hair and white blood cells - yes. But strontium-90? No way. You just hit the mother lode, baby - and it's free for the takin'.

Sun, 08/23/2015 - 21:25 | 6459933 Rusty Shorts
Rusty Shorts's picture

Some say strontium is in high demand - chemtrail industry.

Sun, 08/23/2015 - 22:38 | 6460255 trulz4lulz
trulz4lulz's picture

i hear its great for bones as well. good shit.....

Mon, 08/24/2015 - 00:27 | 6460709 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

Rare earth's are not rare in China.

Sun, 08/23/2015 - 19:38 | 6459508 Nikki Alexis
Nikki Alexis's picture

I can't stop smiling.  The great unwind is underway.  Get ready for some real crazy sh*t.

Sun, 08/23/2015 - 19:41 | 6459518 rsnoble
rsnoble's picture

No doubt!

Sun, 08/23/2015 - 19:47 | 6459542 philipat
philipat's picture

Wake me up when it is the Head of CME being taken and turned over to CFTC. Not that it would actually do anything......

Sun, 08/23/2015 - 20:04 | 6459618 Osmium
Osmium's picture

In this country, the authorities had Jon Corzine after he stole millions.  And they just let him go.

Sun, 08/23/2015 - 20:27 | 6459721 willwork4food
willwork4food's picture

Which is why those with money like JC will escape justice. Only those who brought him in to the police will be arrested for "aggrivated assult charges". God Bless the USA.

Sun, 08/23/2015 - 20:46 | 6459810 lasvegaspersona
lasvegaspersona's picture

Osmium

you omitted 'the Honorable'...jeeesh..no respect in this world....

Sun, 08/23/2015 - 21:32 | 6459960 Osmium
Osmium's picture

If I would have added "honorable", I would have puked.  

Sun, 08/23/2015 - 20:06 | 6459627 knukles
knukles's picture

Well shit, dude!  The fellow was turned over to the police who took him into custody and then released him without charge.
The cops rescued him!

Sun, 08/23/2015 - 20:45 | 6459807 SuperRay
SuperRay's picture

Yes, the Chinese apparently believe that justice somehow exists in China.  Wait til they find out they're permanently fucked.  

If this is the great unwind, i'm not smiling about it.  Shit IS about to get real, and shit stinks. 

Sun, 08/23/2015 - 20:58 | 6459852 Kinskian
Kinskian's picture

So much for the Chinese being so smart and planning in terms of decades, etc. Turns out they think with their dicks and their stomachs just like the rest of us. 

Sun, 08/23/2015 - 22:57 | 6460350 Son of Loki
Son of Loki's picture

The police released him; they probably drove him to the airport to catch the next non-stop flight to Cali where he most likely has his multimillion dolla house.

Sun, 08/23/2015 - 20:00 | 6459563 Thick Willy
Thick Willy's picture

IT'S HAPPENING!

http://giphy.com/gifs/paul-comment-ron-5mBE2MiMVFITS

This is what we were all born for.  This moment in time, right here.  We DO live in interesting times...

Sun, 08/23/2015 - 20:15 | 6459668 tarabel
tarabel's picture

 

 

Even though I expect it to happen, I'm not smiling. A giant-sized glob of human suffering comes as a side order to that unwinding, and there is no telling who it will strike or how hard.

Let us have peace -- campaign slogan of US Grant 1868

Sun, 08/23/2015 - 20:18 | 6459683 Nikki Alexis
Nikki Alexis's picture

Agree... but it needs to happen

Sun, 08/23/2015 - 21:12 | 6459895 greenskeeper carl
greenskeeper carl's picture

I agree. It's going to be nasty and a lot of people are going to be hurt. My only hope is that I get to see jim cramer get so flustered and worked up that his head explodes on live TV. It's the little things...

Sun, 08/23/2015 - 20:16 | 6459671 Down to Earth T...
Down to Earth Thinking's picture

Actually it started a while back and has simply gained momentum recently and will continue to do so. who coulda known, Hey ?  :)

as more parts and pieces of the illusions begin to unwind.

 

just about time for the rael fireworks show to unfold soon enough as the USD becomes a relic and the great RESET ensues. It has been brewing ever since 2007 this time around. 

Sun, 08/23/2015 - 19:32 | 6459470 algol_dog
algol_dog's picture

No worries. Pension funds can now put 30% in the stock market.

Sun, 08/23/2015 - 19:36 | 6459497 jldpc
jldpc's picture

move on nothing to see here; hee hee......

Sun, 08/23/2015 - 20:07 | 6459630 knukles
knukles's picture

Maybe we should leverage that some more so we can make it up when it turns.

Sun, 08/23/2015 - 20:18 | 6459678 Paveway IV
Paveway IV's picture

I recommend: bismuth-indium swaptions. That's where the smart bitcoin is going nowdays.

I'm thinking of starting a metal default swaps product, too. It pays off when you find out the Chinese warehouse holding your phys. doesn't exist.

Sun, 08/23/2015 - 19:33 | 6459475 1stepcloser
1stepcloser's picture

I see his head is still attached...more work to do!

Sun, 08/23/2015 - 19:56 | 6459592 KnuckleDragger-X
KnuckleDragger-X's picture

Rope is portable and has many uses.....

Sun, 08/23/2015 - 19:36 | 6459486 Dr. Engali
Dr. Engali's picture

Americans get raped three times in fifteen years and they'll go back for a fourth time. Bankers should have been swinging long ago.

Sun, 08/23/2015 - 19:57 | 6459594 Nothing Ever Happens
Nothing Ever Happens's picture

They say Asians only imitate and rarely innovate. Maybe it's time we follow their lead on this.

Sun, 08/23/2015 - 20:08 | 6459638 Terminus C
Terminus C's picture

Not before we free Jon Corzine.  We need to do that before we can get any serious political action going.

Sun, 08/23/2015 - 22:18 | 6460163 Mr.BlingBling
Mr.BlingBling's picture

We're too lazy.  But if every gun owner in the US sent only one of his guns to a pissed-off Chinaman, we might see some real fireworks.

Sun, 08/23/2015 - 20:18 | 6459679 Down to Earth T...
Down to Earth Thinking's picture

sure enough, jsut like the Wildebeast and Lemmings 

Sun, 08/23/2015 - 20:18 | 6459682 Buster Cherry
Buster Cherry's picture

I think we just need that trigger event....

Sun, 08/23/2015 - 19:34 | 6459487 dragoneyes74
Sun, 08/23/2015 - 19:35 | 6459488 F0ster
F0ster's picture

The Chinese woman in that picture looks like Mrs F0ster...

Sun, 08/23/2015 - 20:10 | 6459644 tarabel
tarabel's picture

 

Now you know why the house is a mess and dinner isn't ready when you come home at night.

Sun, 08/23/2015 - 19:35 | 6459491 Counterbalance
Counterbalance's picture

Is this where we discredit the Yuan because of a corrupt exchange?

Sun, 08/23/2015 - 19:57 | 6459598 KnuckleDragger-X
KnuckleDragger-X's picture

No, corrupt government.....

Sun, 08/23/2015 - 20:22 | 6459697 Counterbalance
Counterbalance's picture

But you repeat yourself...

Sun, 08/23/2015 - 19:35 | 6459492 stant
stant's picture

Nodebt , how do you say nail gun in mandarin ?

Sun, 08/23/2015 - 19:43 | 6459519 MonkeyKnutz
MonkeyKnutz's picture

 

edited due to Chinese characters not showing.

Sun, 08/23/2015 - 19:56 | 6459593 Implied Violins
Implied Violins's picture

I think it's more, how do you say 'anti-aircraft gun'...

Sun, 08/23/2015 - 20:47 | 6459816 TeethVillage88s
TeethVillage88s's picture

You mean Pinyin.

The written form in Western alphabet... or whatever the linguistic term is.

Mon, 08/24/2015 - 08:39 | 6461679 detached.amusement
detached.amusement's picture

ergo, one says nothing in pinyin, its writing

Sun, 08/23/2015 - 19:35 | 6459493 Freddie
Freddie's picture

This is what people should have done to Jon Corzine....plus adding a guillotine to the story.

Sun, 08/23/2015 - 20:10 | 6459646 Terminus C
Terminus C's picture

Lead the charge my friend, we are all right behind you.

Sun, 08/23/2015 - 20:19 | 6459685 Down to Earth T...
Down to Earth Thinking's picture

no doubt and why is he in hiding ?

Sun, 08/23/2015 - 19:38 | 6459498 JustObserving
JustObserving's picture

The sheeple in the land of the free will never capture billionaires Dimon and Blankfein and hand them over to the police for trial.  But then Wall Street owns America and its politicians and regulators.

Welcome to a fascist, police state where corrupt banksters rule with impunity and immunity.

Sun, 08/23/2015 - 19:43 | 6459525 The Wizard
The Wizard's picture

Until the police and military wake up and understand they aren't defending freedom and liberty the sheep will continue to stay in a slumber. I find it interesting the police were the one's the people turned the shyster over to.

Sun, 08/23/2015 - 19:58 | 6459601 Implied Violins
Implied Violins's picture

Were that to happen here, the police would be on body pick-up duty.

Sun, 08/23/2015 - 20:44 | 6459804 TeethVillage88s
TeethVillage88s's picture

Heard London is just like the USA as Usual... on Max Kaiser and the guy that ran for mayor of London.

The police have no authority over financial matters.

In the USA we created the FTC to deal with the money Trust, but then took the authority from them to deal with financial crimes.

Sun, 08/23/2015 - 20:18 | 6459637 tarabel
tarabel's picture

 

 

And they turned him loose without charges as soon as the yokels were gone.

Meanwhile, there's a new file of dangerous counter-revolutionary yokels being built as we speak.

In China, the cops buy their positions. You think John Law in the West is corrupt, hah.

Sun, 08/23/2015 - 20:09 | 6459639 yellowsub
yellowsub's picture

If the system there takes no action there will be hell to pay...

They have to do something to keep the people's faith in the system, I'm sure it's gotten a lot of attention. 

Sun, 08/23/2015 - 20:10 | 6459645 Buster Cherry
Buster Cherry's picture

Thank you

Sun, 08/23/2015 - 20:41 | 6459787 TeethVillage88s
TeethVillage88s's picture

Well they are young they will figure it out.

The CCP will learn to break down agency responsibility like the USA so that they can deny knowledge of the activities. Plausible Deniability the CIA calls it. They share the official responsibility or at least say they do. They claim well too many people were involved to point the blame.

And the people... they will find eventually that the police don't have jurisdiction regarding financial crimes and arrest authority for heads of Exchanges and Banks...

Sun, 08/23/2015 - 19:45 | 6459539 serotonindumptruck
serotonindumptruck's picture

Dual citizenship and political asylum in Tel Aviv doesn't hurt, either.

Sun, 08/23/2015 - 20:37 | 6459774 Pancho de Villa
Pancho de Villa's picture

That's Not Just an Observation.           That's a Prediction.

 

                  ...or do you have some facts?

Sun, 08/23/2015 - 21:34 | 6459964 Pancho de Villa
Pancho de Villa's picture

Ah, dude, I can't disagree with you on this.   I just felt you were crushing all hope...   but who am I kidding?

 

                  We do already live in a police state.

Sun, 08/23/2015 - 19:37 | 6459500 Never One Roach
Never One Roach's picture

Time to send him to the "re-education camp."

 

https://en.wikipedia.org/wiki/Cultural_Revolution

Sun, 08/23/2015 - 19:37 | 6459504 So Close
So Close's picture

Hang em high.

Sun, 08/23/2015 - 19:38 | 6459509 bid the soldier...
bid the soldiers shoot's picture

Cherchez la Goldman Sachs position

Sun, 08/23/2015 - 19:39 | 6459510 rsnoble
rsnoble's picture

This could happen to Yellen.

Sun, 08/23/2015 - 19:43 | 6459526 rsnoble
rsnoble's picture

First mistake.........handing him over to police lol.  If they aren't paying, they're busted.

Sun, 08/23/2015 - 19:40 | 6459512 buzzsaw99
buzzsaw99's picture

smart and smug when they win, whiny little bitchez when they lose. yep, they are just like socialist fascist commie americunt infestors.

Sun, 08/23/2015 - 20:07 | 6459632 Buster Cherry
Buster Cherry's picture

I think most of the citizenry here hates the bankers and politicians as much as if not more than you. I say fuck you for blanketing all of us with your statement.

Sun, 08/23/2015 - 20:32 | 6459748 TeethVillage88s
TeethVillage88s's picture

WTF? Don't leave out the Lawyers, Lobbyists, and Propagandists.

Not sure whether to use the S/ here.

Sun, 08/23/2015 - 19:41 | 6459515 homiegot
homiegot's picture

If only we did this 7 years ago.

Sun, 08/23/2015 - 21:04 | 6459872 Hongcha
Hongcha's picture

I made much more money in the past seven years than I ever did in previous climates.

Sun, 08/23/2015 - 22:23 | 6460198 Mr.BlingBling
Mr.BlingBling's picture

How's it look after adjusting for inflation?  (And not the BLS's fairy tale version of inflation.)

Sun, 08/23/2015 - 19:41 | 6459516 vincent
vincent's picture

Can we make it trend on The Googles and The Twitters?

Sun, 08/23/2015 - 19:42 | 6459524 Infinite QE
Infinite QE's picture

F'in awesome. Grab Lord Blankfein and the rest of the zios and ditch em in the east river.

 

Sun, 08/23/2015 - 19:43 | 6459530 eddiebe
eddiebe's picture

We could learn something from these folks.

Sun, 08/23/2015 - 20:04 | 6459615 yellowsub
yellowsub's picture

No, we haven't learned anything since the last crash.  Thank our education system for that...

Sun, 08/23/2015 - 19:46 | 6459543 Chuck Knoblauch
Chuck Knoblauch's picture

NK is a decoy.

Believe the propaganda at your own risk.

US provoking world war.

Sun, 08/23/2015 - 19:48 | 6459560 Dr. Engali
Dr. Engali's picture

Noooooo, you're kidding me? Thanks for the enlightenment.

Sun, 08/23/2015 - 20:04 | 6459620 palmereldritch
palmereldritch's picture

+1  The only reason NK exists

Sun, 08/23/2015 - 20:15 | 6459667 knukles
knukles's picture

Thats a lie.  Norks exist so Dennis Rodman has somewhere to go to cross dress in public

Sun, 08/23/2015 - 20:19 | 6459686 serotonindumptruck
serotonindumptruck's picture

Just imagine all the tight little North Korean ass that guy gets when he makes the trip over there!

Sun, 08/23/2015 - 20:23 | 6459710 palmereldritch
palmereldritch's picture

The worm has turned.

https://www.youtube.com/watch?v=p53gl93y7Kk

 

Interesting footnote: I got that same blazer at the FED gift shop.

Sun, 08/23/2015 - 19:50 | 6459564 Never One Roach
Never One Roach's picture

RE: propaganda; I notice reently about every fifth article on Yahoo's main page bashes the PRC. The others bash Trump or inform us of the latest Kartrashian move.

Sun, 08/23/2015 - 20:30 | 6459739 TeethVillage88s
TeethVillage88s's picture

It is easy to bash.

Americans love Bashing every time.

Don't read too much into it.

Our people are not that smart.

Sun, 08/23/2015 - 20:51 | 6459831 Bollixed
Bollixed's picture

Yup, a bunch of Yahoos...

Sun, 08/23/2015 - 19:56 | 6459591 general ambivalent
general ambivalent's picture

America is the North Korea of the universe.

Sun, 08/23/2015 - 20:20 | 6459689 bunnyswanson
bunnyswanson's picture

Israel is being surrounded.  Giving it all up for Psychotic State of Israel, ground zero for Master Thieves and Accomplished liars is not going to happen.

The world has a common enemy and the money trail is not hard to follow, it goes straight to the bankers and Israel, the only nation on the entire planet not only thriving but expanding. 

Sun, 08/23/2015 - 19:44 | 6459534 Chuck Knoblauch
Chuck Knoblauch's picture

Where's the rope?

Sun, 08/23/2015 - 20:31 | 6459743 negative rates
negative rates's picture

Hanging.....judges......chambers.

Sun, 08/23/2015 - 19:46 | 6459536 bid the soldier...
bid the soldiers shoot's picture

.

Sun, 08/23/2015 - 19:46 | 6459544 PumpherDumper
PumpherDumper's picture

I don't think the Chinese will stop there.  Next they will be showing up on the shores of the U.S.A. to do the same.

Sun, 08/23/2015 - 19:46 | 6459545 Fahque Imuhnutjahb
Fahque Imuhnutjahb's picture

Jon Corzine woulda bitch slapped some punk ass investors and their punk ass citizens' arrest.             https://youtu.be/9efgLHgsBmM

Sun, 08/23/2015 - 19:48 | 6459556 buzzsaw99
buzzsaw99's picture

hey old shan had the right cufflinks too bitchez

Sun, 08/23/2015 - 19:47 | 6459551 Bitcoin Meiser
Bitcoin Meiser's picture

This is going to be just like The French Revolution. Heads will roll in China.

Mon, 08/24/2015 - 00:09 | 6460656 bluskyes
bluskyes's picture

Quick, call HSBC. Time to start the opium trade back up.

Sun, 08/23/2015 - 19:52 | 6459568 Son of Captain Nemo
Son of Captain Nemo's picture

The chinese have balls and the law lets them run with it unlike the Zionist controlled "shit yard" that is the U.S. of A.!!!

Where the fuck would you ever see an American take Janet Yellen, Jamie Dimon, Lloyd Blankfein and Larry Silverstein to the top of the Freedom Tower to give all of them the last "sky dive" sendoff they will ever forget for their crimes?!!!!

Sun, 08/23/2015 - 20:02 | 6459609 Buster Cherry
Buster Cherry's picture

If my doctor ever tells me Im real sick and have only six months to live, Im your guy.....

Sun, 08/23/2015 - 20:10 | 6459643 Son of Captain Nemo
Son of Captain Nemo's picture

If my doctor ever tells me Im real sick and have only six months to live, Im your guy.....

What can I tell ya BC "Spirit of 76"!  It's what made this Country what it was up untl December 23. 1913.

Those Chinese are freer than you and I could ever hope to be!!!

Let that sink in real good!!!

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