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"Black Monday" - Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV
— China Xinhua News (@XHNews) August 24, 2015
FACTS: By midday break, nearly 2000 stocks down 10% daily limit in Chinese market -- only 13 stocks up; Shanghai benchmark index down 8.45%
— George Chen (@george_chen) August 24, 2015
But... but... pension funds are "allowed" to buy stocks.
Judging by the first few minutes of trading in the first thing to open this evening on the mainland, the CSI 300 Index Futures which immediately tumbled by 4% to 3340, China's attempt to deflect attention from the fact that it did not do a 50-100 bps RRR cut is not doing too well.
Some other indicative levels which are in line with the CSI:
- Shanghai Composite to open -3.8%, some 130 points below the 3,500 "hard line" support level below which it is a nothing but air back to 2000
- Shenzhen down 4.3%
- ChiNext down 5.1%
That said, we expect the National Team to not give up without a big fight, and forcefully step in any minute and do everything in its power to prevent the resultant plunge in the Shanghai Composite which is set to open shortly, or else SHCOMP 2000 beckons, and with it lots and lots of social unrest.
* * *
Update: Shanghai Composite now down -5.7%
And the 3,500 support is now gone.
Update 2: Shanghai Composite crashing, now down 7%
Update 3 and final: SHANGHAI COMPOSITE INDEX ERASES YEAR'S GAINS
Not a pretty picture at all...
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Bullish. The Fed will definitely raise rates in September, forcing potentially even more Yuan devaluing and global deflation. /s
Dow Future has risen to -120. Looks like an effort is underway to rally tomorrow.
'Bout fucking time. I've been out of this mess since Q2 2014 because I thought it would happen last year. This time, obviously, is not going to be different. We are definitely no smarter this time around, and a strong case can be made for the opposite being true. What is different is that many of the institutions in our societies and economies are broken, and are no longer capable of providing relief or supporting system stability.
Even the central banks can't hide a sunrise.
How about a theme song for the markets.... https://www.youtube.com/watch?v=p13yZAjhU0M
WOW!!! Oil almost at $38 handle. This is getting good.
Oh no. I hope the smart politicians of California can keep our gas price above $4 a gallon at the pump by raising taxes. We need the revenue to help educate Mexicans!
Thanks Tylers.
Jump you fuckers!
So is it a buy on rice futures or not?
This MUST be serious: the unicorns are puking in monocolor...red.
this is beginning to look like a day we will never forget.
20 years from now, we'll remember that we were reading ZH on August 23/24 when it happened.
BTFD
Beat the fuckers down...
and it's gone.
DIJA futures down -420 now... Better strap up tight because it's going to be a bumpy ride on this hellbound train...
It all makes sense if you listen to Cramer.
Here's what he had to say in Cramer: The market is totally irrational!
But then goes on to say
Yeah, so don't go cooking up connections except when... oh, hell. Just BTFD - he knows way more about this stuff than ZH doom-and-gloomers.
China is crapping the bed. But I still have faith. Those boys are wonderful at math. I predict big things in the future.
ZeroHedge quoted in UK Guardian live update. Do I ditch my tinfoil hat now?
Don't they have trouble with RRR?
I already know that I will not be on Earth 20 years from now.
At the present exponential rate of collapse and regression it is doubtful that most any of us here reading ZH today will still be here, on Earth, 20 years from now.
I would not count on it. And I am very sorry if you are young. You have not got a chance to live a full life.
I have a few regrets. But it has been an alright ride overall.
i agree our generation is literally like slim pickens riding the bomb down, the most fantastic ride in human history, hats off to all that came before and the remnants afterwards.
I'm not going anywhere just yet.
Feeling a little listless, Boomers? Why don't you guys go take a seat.
You've done such a swell job already. You deserve a rest.
Let me see if it is even possible for my generation to fuck this up any worse than you've managed to.
Your generation will be picking up the pieces for decades once the SHTF this time... Think Cowboys vs Zombies with a touch of Mad Max thrown in for good measure...
Yeah, your generartion is filling up seats at Bernie Sanders rallies. Good luck fixing anything.
This stuff started far before any of us were born and is well ingrained. I would say 1913 is a good start year.
No one is going to fix it because ego's will keep present leaders from admitting they were wrong and probably only a small percentage of the leadership of the world are actually Adam Smith-Austrian School-free market types.
Now, let's see what the Kardashians are up to.
"I would say 1913 is a good start year. "
This goes back much further, to the time when mankind fought the dinosaurs to extinction. With no dinosaurs left to fight, we lost our sense of purpose and began fighting amongst ourselves.
The rest, as they say, is prehistory.
ha, i thought the modern day fight was bears and bulls and we determine the outcome? huh. we are not in control? aparently 7.3 billion and counting may be hint that tips you off to the answer.
population; the most avoided subject EVER....
because god said we could fuck til we are fucked...
"Let me see if it is even possible for my generation to fuck this up any worse than you've managed to."
You already have. You just don't see it yet.
Oh no. I hope the smart politicians of California can keep our gas price above $4 a gallon at the pump by raising taxes. We need the revenue to help educate Mexicans!
But...but...but our glorious leader, Obama, had planned for it to be at $7 per gallon.
The Government needs to do moar....moar than that.
Pleeeeeeze Obama...Save us. We need your wisdom and your salvation. What could we do without you? You are our savior after all.
Now that is Funny! Made my day already.
I've been out since 2010 when I realized the 'markets' are broken. I was trading gold and silver futures and when 'slippage' i.e. volatility was rampant and expected to be the price of admission .... well yeah, I decided to bail.
Edited to add: So thankful I escaped the rout of 2011 ...
When Randolph and Mortimer were ruined by the incessate selling (See USA cinema), they screamed, "we own the brokerage, we own the TRADING SPACE (PLACE), turn those machines back on!".
We saw this play out in '08. The state sponsored frauds of bond rolling, mortgage packaging, balance sheet and money expansion, financial instrument dilation had run a certain course (well directed and protected), so a plunge was in order. By doing so, the state could expand even further the supply of pretended wealth, could open the gates to open-sunshine even cheeky bond fraud, open-day pawn-shopping of dubious securities, open too every mind's reception the idea of quantitative easing or fabrication and counterfeit of the substantial. It paralled much the international easing of the consciences of the public toward enhanced interrogation. TORTURE. Torture now, torture for all. Torture the ideas, the ideals, the storehouses, the repositories of wealth. Destroy everything which everyman holds dear.
Body, Soul, Pocketbook, Conscience. All subjected to enhanced interogative technique and quantitative easing. Also called ass-whipping and asset-stripping. Read through your constitution and bills of rights (USA'ers), or habeas corpus and Rights of Man, your body of law. Like every holy and sacred scripture, it has been corrupted beyond recognition. It is like engraved granite of beautiful platitudes where just beneath it a senate violates its pronouncements in the worst way. A hard mortal beating beneath liberty's torch.
You know, of course, that the machines were turned back on and Mortimer and Randolph were made whole and even richer, while the entire body of massed humanity was diluted of their present and future assumed possessions. What a magnificent transfer device, exceeding even a star trekkers' "Beam me up!", are fiat money and a captured gov't with private federal reserve. Electronic confiscation without representation.
Funny this. That the instrument with which the Fed was endowed with trust and integrity--the substance upon which they based every action and substantiated every trade was that thin yellow line! A metal which, in the depths of men's minds and souls, constituted the absolute CALL. The call by which men could remove their confidence from an institution if ever it rotted so badly. I want my money would have immediate restitution by a restoration of equivalent gold metal. Indeed, they could redeem their saved labours and sequestered gains by exchanging paper for exceedingly rare and unique metal medallions. Enough of a vote of no-confidence and the system would be force to honorable and honest restructure.
BUT, Once having the universal esteem of their gentlemenly if stupid fellows, the RESERVE set about mentally and psychologically denigrating that by which they won their faith and place. Why not crucify the gold? Gold which early on was the great REDEMPTION, the token by which honesty was made simple for all, urbane and uncouth--began to be crushed and spit upon, thrashed and castigated, relegated to a superstition and relic. Ah! but the echoes. To the dustbin with metal and with your tiny influence in these great matters, slave!
Now WITH THE WORLD IN PRETENDED AND DIRECTED TURMOIL, where everyman is at the mercy of a strange system of trade where they have no suffrage and where their individual actions are scoffed at, and where their movements to protect what small cobbled ball of SAVING is only a tiny breath in the maelstrom--ONLY THEN and suddenly do they come to realize the wisdom of old, the O.G., the Old School, the millenial thread disregarded. GOLD. It may not be lamb's blood painted on lintels and jambs, to be observed by extraterrestrial and superhuman beings in the threshinghouse of this world's lord. It may not be staffs which mock the wizardry of this world's elite by consuming and completely vanishing its magic. It may not be tearing apart a great water so the simple and somewhat pure may pass on dry ground--but the ability to call out the scoundrels and scofflaws which host our financial institutions might have preserved this world's people from the awful depredations of this time.
We live upon a fallen planet that destroys every good and great thing AND attempts to exalt that which is contrary and froward.
Do not be surprised when find yourself weeping, wailing, and gnashing upon your teeth (at a minimum). That which we allow by subterfuge and slow dilution to overtake us, that which we invite into our HOUSE by choosing every slight evil, that which we allow to slowly scour away our poignant conscience--That is what will rule us in the end.
Kill and crucify that which will hold and protect you. Diminish those institutions which like watercraft carry you safely through your voyage with fellow travelers through this short but exquisite existence, and you will come to know what it is to be in the winepress of the lord. Among the wheat and tares in the threshing floor or TRADING PLACE of the Almighty!
Wow...
You've been saving THAT for TODAY?
Fuckin awesome. I'm going to go fondle my pms
"I'd keep playing. I don't think the heavy stuff's gonna come down for quite awhile".
I would not be surprised to see a dead cat bounce to draw in the BTFD pavlovs so the Banksters can dump on them
You may see your bounce but maybe not. The Chinese have been playing this from day one to make their crash worsen ours. Don't expect this will be their only play. We will see a series of 'coincidental' events that turn a strong correction into a rout.
+1 and agree.
The "stairs" up and "freefall" down effect of the stock market is just brutal. The bounces are probably going to get sold aggressively for the near future.
I'm glad I'm not the only one that sees what's going on as strategy. Like a sacrifice play on China's part.
They certainly do have motive ..
http://wantarevelations.com/2014/01/wanta-plan-macro-financial-economic-...
The Sinos can endure an awful lot of collateral damage to exact their revenge. And Putin just stands by and laughs ..
http://www.veteranstoday.com/2015/08/22/putin-is-still-smiling-and-enjoy...
You see, he has all the time in world to wait for his $30 Billion. He will eventually get it. That is really why he is laughing ..
When an internationally coordinated QE program is announced next week, it will be the dead cat potato cannon.
Ya know, you just might have a point there ..
In a manner of speaking ..
http://wantarevelations.com/2014/01/wanta-plan-macro-financial-economic-...
The perfect storm...er...EXCUSE...to bring out the IMF's SDR as the World Reserve Currency.
As if this had not been planned...
You know? We were told after all. There is nobody here that can write that they had no idea that this was coming...write that honestly that is.
The petrodollar is dead. Long live the SDR...gag...puke.
Martin Armstrong's "false move" comes into play. Dow will restore, money will flow out of way overvalued bonds. Bond crisis upcoming.
I do agree with you, logic is on your side.
But beware of cornered animals!
ROFLMAO, Martin Armstrong ...forward 33:12 in, as seen on Dominic Dunne's "Power Privilege & Justice."
Delaware...really?
I think the Chinese Oligarchs need to sell Bonds to cover capital outflows.
They want top dollar.
Crashing their own equities market allows politial witch-hunts/party cleansing.
-Also provides opportunites to acquire key assets at fire-sale prices after the foreigners and plebes are chased out...
Saudi Arabia needs cash, too. They might be making a similar play.
The US Equities markets might bounce after the Bonds are flushed.
US Debt clock is busted for months now. We don't know what is even on the tab is anymore...
The FED might still be buying and lying about it. I don't trust them not to lie about if they are with a nasty election cycle heating up...
Fire sales of Treasuries by China, Saudi, etc are probably the only thing stopping rates going negative. EMs need USD to prop up equities and currency, and DM cash is looking for a home.
Fundamentals don't apply to Treasuries, its a flight to safety and it becomes self-fulfilling, lower rates mean the debt becomes cheaper to service. They’ll have a 6-12 month window where they could probably refinance half the US debt at <50bps.
If you want a bond crisis look to the UK, Japan or Italy; they’re drowning in debt but way too big for IMF intervention and not prestigious enough for a serious flight to safety. The UK has been riding a wave of Russian, Arab and Asian investment for a decade, if this turns into a crisis that flow will reverse and they’ll be fucked with a bunch of failed public school boys at the helm.
I think Gilts go up for around 6-12 months while it looks like a safe haven, but eventually the economic data will catch up and the UK starts to look like a basket case.
plunge protection rally?
or maybe not . . .
-403!!? Holy Phuck?
Guess I was wrong.
But it looks like Gold/Silver are tanking too.
Must be my lucky day!!
Physical will continue to go down in price and becomes harder to obtain. Watching what is going out of stock on apmex this weekend as this all happens. Its starting to become slim pickings unless you want some rare way above spot priced coin or want to preorder PM's. I use a big online retailer as an example because their job is to sell high and buy low. And they aren't exactly selling much the last 4 days.
Go, go, go, go, go, go, go!
My thoughts exactly, especially if we can get Europe and the U.S. to do the same.
Crash the Ponzi! It's all a big lie! Bailouts for banks/corporations/insurers?
Fuck you motherfuckers!
I´ll be loading up my SUV today with additional food, booze, household items, drinks, and other shit. Another small order of phyzz for the stack as well. Got to take advantage of every day available. Time is short. The fan is on MAX.
Here here! We would fucking like to second this motion. These Keynesian cock-gobblers, who have sold our great great great grandchildren into bondage, deserve the fucking sentence of OOGAH BOOGAH....
Seconded.
Time for a vote?
Mine is for G.T.F.O.O.D. !
($500 came out of the ATM yesterday)
The debt is just paper ... if this thing crashes catostrophically it will be your actual children suffering.
I'll never understand what you guys are in such a desperate hurry for.
Imagine you have to peel off a bandaid. You could wait but the infection just gets worse if you do. You have to tear it off and tear it off quick.
The amputations come later.
I prefer to make it analagous to a toothache.
If you do not get your tooth repaired then it is a Root Canal, you lose many more than one tooth WHEN it abcesses, and if you still do not get it treated...you may die.
Delaying this just makes the problem magnitudes worse.
While it may be fatal for some now...if it continues, then it WILL BE FATAL for scores upon scores, orders of magnitudes, more.
In fact it already may be too late and this is an EXTINCTION LEVEL EVENT as it may just end up going to a HOT WAR, a GLOBAL THERMONUCLEAR WAR at that.
With so many domestic nuclear power stations scattered across the NH, all HOT WARS are default thermonuclear wars now.
It is beyond inevitable that domestic nuclear power stations will be targetted.
"if this thing crashes catostrophically it will be your actual children suffering.
I'll never understand what you guys are in such a desperate hurry for. "
Exactly the point, fool.
We want the pain RIGHT NOW.
WE take it. YOU take it.
ALL OF IT. RIGHT NOW.
IF it isn't done NOW the can will be kicked just the like it was with the Boomers who now wanna 'retire' on perpetuation of the ponzi and put off the reckoning.
YOU AND I EAT THIS -& WE FORCE FEED GRAMPS AND GRAMMY THEIR DUE PORTIONS.
-NOT THE KIDS.
THAT is what we try to avoid!
UNDERSTAND?
THAT IS WHY WE WANT IT NOW...
Pasengers, we are going in dead-stick. Brace yourself! Prepare for a hard landing.
We've been running on fumes longer than the Gimli glider.
that pilot slipped that big old jet
right where he needed it to be
big freaking balls, left seat
he is the man
respect.....
At 120 Miles out from Winnipeg...at 400 to 500 mph crusing speed...they are about 20 minutes ETA...at the time the Emergency was declared.
That happened at 35 minutes into the movie. The movie is 1 hour and a half long.
Now that 20 minutes was stretched into an HOUR?
That is runnin' on fumes for far too long.
Eh...dramatic license I guess.
Watch the Fast and Furious movie with the jet that takes over 10 minutes to takeoff. Longest runway ever. Or is that supposed to be how long TPTB can kick the can? Eventually it doesn't quite work out.
Put your head between your legs and kiss your ass goodbye.....
Relax. There is always enough fuel to reach the crash site.
Nice.
LMAO.
I will remember that line. That is great...great.
Just glad I have lots of supplies and ammo to protect it.
I think you are missing the plot. ZH has wrote consistently that QE/federal backstops have led not only to market complacency but significant malivestment. Should this taper tantrum scare the fed into more QE the effect of any equity or bond operations would be shortlived, compounding volatility & market breaks. The halflife of open market operations on the scale of annualized trillions have less than 3 days of effect. 4 years ago this was a full 3 months. Since ROI's & asset growth is stalling, cratering in most of the world the systemic shock needs to be removed from the Fed rate context.
If the fed forgets this, and decides their mandate extends beyond US dollar pain trade and deep into AFPAC, a rate hike will no longer be on the table. Should this happen, FOMC will need to accept responsibility their creditibility and that of most US monetary experts is gone. Since the dot plots are gone ahead of the meeting, I would bet more than one FOMC greybeard understands this point (and their legacy) quite clearly. So should the FOMC not raise a rate, given it spent countless academic & conference proceedings arguing for cheaper inputs to juice fiscal programming, the end result would be a capitulation and recognition that Keynsian systems are no longer capable of stimulating growth. That silent admission would naturally carry rates to their 100 year normalized risk/return outlook, further solidifying the fact non-G5 central banks have lost control of not only the message, but the open operations.
In this grim event, where rates move on their own (known in friendly circles as 'bond vigilantism') the "animal spirits" will be killed. Which was what we saw the last two meta-cycles when US Gov had to step in to overrule Fed independence (see: Miltons great book on economic history). On average a 10% down move from the high requires at least 2 interventions to manage a recovery, but in those backtested conditions you had depth of market and Vogel rule growth rates which could naturally respond to a small rate/liquidity injection. At our current level, even taking T-10 to the negative bound is unlikely to generate anything like Op:Twist + QE2.
TLDR: We as a G20 have zero hope and zero confidence in both R(f) and M(return), which makes CAPM and most var a useless exercise. Like a bad Dr. Who episode, the very act of a rate hike will enable high-grading and value investing to begin. Failing to comprehend that, at a high level of monetary authority will likely put this to the endgame in short order. Yellen predicted as much in her paper with Akerloff in the 90s.
Wait. I'm trying to remember which Doctor Who episode was that?
I think one from the second doctor...
Day of the Doctor is a great throwaway for framing the macro to the growing millennial/media following at ZH. Better than 5 posts filled with hard math + arguing deflation indicators in the San Fran/Dallas models.
Don't get caught in the reflexive bounce later this week.
Unless, of course you pile into the fed's favorite tool: XIV
Just hilarious they decided to do this thing while all the fat piggys are out at the Hamptons and down in Sardinia on the boat
The markets today = Weeping Angels
Keep a good eye on them and make sure you're far enough away they can't touch you!
"Wait. I'm trying to remember which Doctor Who episode was that? "
That was the one where the World almost ended.
They had to kill an army of Keynesians annnnd reset time.
Bloody hot little companion he was tooling around with in that one! Looked like Mila Kunis without the bitchiness thing. Slurp!
Love this post and great thought. You may be right and all the quick money punks will be washed out, rate hike sends a positve signal, and the real investment begins. Economy actually does start to recover and we can finally start to pick up good steam and move forward.
However, calling the tornado into the mobile home park takes a lot of balls. She doesn't have the guts so this is just an example of the Tremendous Taper Tantrum.
The FED can't kick the can any more ... but putting money directly into the hands of the consumption classes can still keep it going for a while, the Bush stimulus payment sets the precedent.
Very well written and reasoned, Rat. Each dollar of monetary stimulus has produced ever less (Vogel Rule) for decades. Frankly, the last stimulus was at best a draw.
The only part I would argue with is whether or not any members of the Fed will ever admit a mistake. Krugman would just argue we needed quadrillions not mere trillions. There are strong egos invested in a lifetime of monetary ideology. That is why real change generally only comes after revolutions.
I would add that the other important part of an economy is the "free" part of free markets, i.e., regulation. Obamacare is a dead weight loss for no extra services or quality. There is nothing in all of business that does not require permits, licenses, legislation (Keystone), and bribes, er, campaign donations. Tens of thousands of new rules hit the street every year. There is little freedom in the free markets. That severely crimps any adaptations, innovations or expansions.
The question is what will the public blame it all on? My reading says they are clueless and will go with more leftist explanations that the problem was not enough government, rules, oversight, regulation, control and intervention.
This is insane....and Gold and Silver doing nothing? As usual... I keep refreshing all of the screens over and over... I know you guys are doing the same thing. Refresh...Refresh...Refresh...Refresh.... Take a bite...Refresh..
Still no one can agree whether we will see a deflationary greatest depression or a hyperinflationary reset.
My guess it has to do with timing and most are probably looking at a deflationary depression. If the Chinese and others keep devaluing and it looks like they will continue to do so, then you might see an uptick.
Bond prices and interest rates are probably going to drop in the short term so that signal is out for now, as well.
Whoeever thinks food and shelter are in deflation are real assholes.
Wait a few more months. Your shack ain't worth shit.
Yes, I am in the middle of that, now. Looking at Home equity cash out or just sell and move. Housing markets here have been crazy. However, if this crash carries over to layoffs, unemployed people cannot buy. People fearful of being unemployed will not buy.
In an economy everything is connected to everything.
Investing.com has a decent enough ticker to see an overall view. Refreshing comments on a view sites, looking for the gold posts.
F5 an online PM site to see how people don't care what PM's cost anymore. Physical is going going gone like the vortex of the fake/manipulated stock markets.
Shit is more valuable than gold. At least shit can help grow food.
Did they halt trading in Shanghai? It hasn't changed in almost 2 hrs
4.....or......40?
There's one thing I know for sure. If the whole system collapses now it's because TPTB want it to collapse. Hedge accordingly.
And if they want it to go up, it will go back up.
Why? Cuz they're so good at running the world? All I see is shit... EVERYWHERE.
They can print to infinity and buy to infinity. If they want it to collapse it's because they are ready for whatever they have planned for the rest of us.
There is no longterm plan, only shit. If they had a plan, the world wouldn't be shit.
Yeah just ignore the fact that the whole market rally since 20009 has been because of fed printing. Funny how it all stalled the moment qe stopped.
The problem here is you think it's a real market.
The problem here is you're a fucking idiot. If you read my posts since I first came on to Zero Hedge you'll see I'm one of the first ones to declare the "market" a policy tool dumb fuck.
I read your stuff, but it's usually not worth the time. Basically, you bitterly cling to a system which you think still has value.
You're a fucking liar if that's what you've gleaned from my posts. But, after reading yours I see that lying is in your nature. Now begon troll, I'm finished with a low brow like you.
So what's your big plan Doc since you have it all figured out? You and the other idiots going to storm the palaces of TPTB and restore something? TPTB is such a great acronym for false carriers of truth, as it can mean any fucking thing at any fucking time, depending on the situation.
.
Gf , put down the liquid courage and take your demise like a man.
Or a LGBT.
BFF?
Has it ever crossed your mind that the plan is to make us all eat shit? Actually that has been the plan all along, since 1913.
Why?
Because you are OBSOLETE. You are a USELESS EATER.
Do you know what the word, "consume" means? It means to destroy.
Your Government considers you as a DESTROYER OF ASSETS. A "consumer led recovery" is a recovery led by the destructive.
So, in response, they will destroy that which destroys. They will ERADICATE IT.
The words which are chosen as labels by the Government Officials are not chosen by accident. They are chosen with INTENT as they communicate a message.
Your government's goal has been to destroy you. It has been that way before you were ever born.
You had best wake up.
TPTB are the Government and the Bankers. You have not figured that out, yet? You have not figured out that it cannot be changed at a whim, at any fucking time, depending on the situation.
You had best wake up, pal. They are out to destroy you as you are a destroyer...of "their assets".
Some days you just have too much chattel and some has to go?
.
Bitterly cling, bitterly cling.
Now where have I heard that before?
After we shot the TV.
We were around a camp fire.
Somebody said it would make a great name for a country-punk band: Bitterly Cling & The Slack Jaws...
thus spake O-blama, right?
Take it easy, we're all idiots for playing in the first place.
Back to our regularly scheduled program of mayhem and laughter!
I think you're unfairly assuming people actually read posts...
I do. I learn more shit in the posts than I do from the articles.
There's some pretty smart people posting here (have to cull through the idiots, of course) but there are plenty of gems if you mine deep enough.
Exactly. Which is why most people I know think they can ignore the math and everything will be okay. They fight the very idea that there is a real decline in quality of life, that it is permanent, and that it will continue to deteriorate. As Michele added above: "Apres moi, le deluge." Everyone else will get screwed but not me, I got mine.
It's a tsunami. Previous paradigms no longer apply.
Teevee, junkfood-addled Amerika could not withstand a currency collapse. The Black Plague made human capital valuable again - in modern application we have tens of millions on the gov't teat with no recovery.
All those 99-weekers waiting for jobs. What jobs? Doing what? The service economy is a fiat lie and our infrastructure is based on a constant flow of cheap oil.
Mortgage? WTF for? Prices are artificially high because of 1) shadow inventory 2) who can say they will be employed in their profession to make payments for 30 years anymore - no man is an island.
Stay nimble. Stay quick. This is no time for white picket fences. Going back to the sad, miserable, drugged-up state of our Nation it ain't a stretch to imagine that the Mandarin speakers are planning to make use of their raw (war) materials and spouse-less young men for "real estate acquisition". Hasn't anyone read a history book around here? The Chi-Coms have openly spoken of how they deserve North America. This kind of scenario isn't discussed because it is the worst-case scenario outside of nuc-bio-chem warfare, and then subsequent invasion.
"Oh, but China needs us and we need them." Bullshit. Everyone is buying time. The Chinese aren't stupid and they know they aren't getting their money back. Some finance guy over there said US bonds are not safe medium and long. In other words "We are trying to buy as much time as possible to acquire tangible assets that matter!"
All the survivalists from the 70's were wrong because they didn't understand the "Nixon" trick/effect of taking us off the gold standard and taking paper money to its extreme utility. It would have been better to face this shitstorm back then. Back when Americans were still eating meals that had real nutrition, no obesity epidemic, actual human interaction, strong infrastructure with less bureaucracy. Today it's all bloated beyond recognition.
When the Fed finally makes a move that has a visible and real effect on Amerika even rationing of supplies won't keep the interurban areas content. We are at the brink of a f.u.n.d.a.m.e.n.t.a.l. shift. Be far away from the millions that require a weekly check for their very survival. Do you think the owners of the Fed care if millions starve?
- Robert Paulson, Fight Club
Of course they have been buying time; they will never achieve 'escape velocity' with the current system.
So, what are they finally ready for?
Oh there is a long term plan, alright. And it doesn't include you.
Or...me.
Ding......watching the chinese send tank to the dprk (border) as we speak. info is scarce. websites load slowly.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150823000133&c...
Taking forever to load. How did you find this site and what's on it? Is it a live feed, pictures, or just text?
Thanks. It loaded quickly too.
+1 and
Thank You!
So Correct.
There is no longterm plan, only shit. If they had a plan, the world wouldn't be shit.
GF
Couldn't agree with anyone on this thread more.
Lets' see now...
Riots death and mayhem in Beirut Lebanon
Ditto Macedonia human traiffc looking to escape the death and destruction in their own lands to the place(s) that helped make it possible!
Ditto Germany " "...
Ditto France " "...
Ditto England " "...
Explosions in China...
Explosions in Japan...
Destruction of lives and property in Syria...
Destruction of lives and property in Turkey...
Destruction of lives and property in Yemen...
Destruction of lives and property in Libya...
Destruction of lives and property in Ukraine...
Satan's in charge of business "and the fan of man" couldn't be happier!!!
Haven't you forgotten Iraq, Afghanistan, Argentina, and half the rest of the countries in the world? If things got any hotter globally, I could make my next bowl of popcorn by setting it outside.
Haven't you forgotten Iraq, Afghanistan, Argentina, and half the rest of the countries in the world? If things got any hotter globally, I could make my next bowl of popcorn by setting it outside.
Did you have to remind me!
I found it was easier to stop remembering all the countries where things have heated up too much and just keep track of which continents. Problems in N.A., S.A., Europe, Africa, Asia, Oceana... At least things are still cool in Antartica.
I do the opposite. I keep track of all the countries that are doing great.
It is much easier.
Presently, we are at ZERO.
See how easy that is?
Iceland isn't doing bad.
There is a plan and there is reality. If plans went according to plan, the Roman empire would still be running the show......
And it's not really clear just how deep such plans go. The Fed is approaching the point where it is going to have to decide which market(s) get mutilated. QE4? Great! Fuck your shadow banking collateral! Raise interest rates? Fuck the creditors!
A lot of the kinds of people who you don't want in power, but who crave power have personality traits that make them not so good at long term planning.
The bottom line is they haven't lost control yet. They only lose control when they can only stop the crash via printing so much it causes hyperinflation.
NOT the way it works ...
Hyperinflation happens when faith in the money is lost - shoppers buy today because they are sure3 the price will go up tomorrow. Then printing fills the demand for cash money.
Right, it is the loss in the faith in the currency, but excess printing can cause that to happen. Print up 1/2 million person in physical FRNs and distribute them evenly, and I guarantee that you'll see prices skyrocket and people will think that they ain't worth a Continental.
Yep, this right here is the bomb!
It does not matter what 'flavor' you follow.
Just swallow this.
They actually cannot print to infinity any more than Zimbabwe. Eventually it is discovered by the public...but they have a good lead on us.
You clearly do not understand debt based digital currency.
You betcha they're good at running the world. They've already stolen all the money, they've got all the power. If a you see is shit, it's because you're not one of them. They're looking at beachfront property and lots of money.
Let's hang a banker from a lightpost on wall street, just for kicks.
Heads on spikes seems so much more effective of a message.
Just do the whole bodies Vlad the Impaer style. Slow death with a spike up the ass.
Dear Chinese,
Welcome to the jungle....
Yours truly, the lions, tigers and bears
You forgot the dragons...
Man, they are getting slammed over there...
Oh my.
I think it's time to wake up Hicks. We are definitely on the express elevator to hell.
I say we take off and nuke the site from orbit......., it's the only way to be sure.
"Why don't you put her in charge!?"
Oh, wait...
"Where's the damn beacon?"
Bounce the rubble, then make it glow.....
That's great. That's just fucking great, man! Now what the fuck are we supposed to do? We're in some real pretty shit now man! Game's over man, game's fucking over! What the fuck are we gonna do now? What are we gonna do?
Why don't we build a campfire, sing some songs?
There comes a time when even the TPTB can't contol events. It doesn't matter whether it's communism in China or central bank manipulation in the West, the manipulation of markets will always lead to chaos. The egotism of the TPTB is their downfall. The problem is that we all suffer because of it.