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Chinese Stocks Are Crashing; Yuan Devalues, Deposit Rate Spikes To Record High, Japan Denies "G7 Response" Planned
Following yesterday's bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are all feverishly trying to figure out how to 'save' the world again from a 4-day stock drop). China is ugly with stocks down hard in the pre-open (CSI-300 -4.3%) as offshore Yuan depo rates spike to 22.9% - a record high - as liquidity outflows must be accelerating (as PBOC adds another CBNY150bn liquidity). China devalues Yuan 0.2% - most in 11 days.
Carnage -
- *CHINA SHANGHAI COMPOSITE SET TO OPEN DOWN 6.4% TO 3,004.13
- *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 6.3% TO 3,070.01
This is the 5th day of crashing Chinese stocks in a row...
Chinese Stocks are down 14% since Friday!!
Year-to-date, Shangahi is now down 6.2% and CSI-300 (China's S&P) is down a stunning 15%!
Where China will stop (or atleast aim for) - when QE-Lite (PSL) was unleashed...
The Japanese are in full propaganda mode...
- *SUGA: WATCHING MARKET MOVES ATTENTIVELY
- *ASO: FX MOVES HAVE BEEN ROUGH ("rough" - well that's one word for complete and utter carnage)
- *ASO: CONTINUING TO CLOSELY WATCH MARKET MOVES
- *ASO: I HAVEN'T CONTACTED U.S. TREASURY (which means he has!)
- *ASO: NOT AT STAGE FOR G-7, G-20 RESPONSE (which means there is)
- *AMARI: UP TO BOJ TO DECIDE ON ADDL EASING (how's that last QQE2 working out?)
- *AMARI: YEN IS BEING BOUGHT AS SAFE ASSET (nope it's a forced carry unwind sorry!)
- *AMARI:YEN SEEN AS SAFE ASSET SHOWS VALUATION OF JAPAN ECONOMY (what utter crap!)
So we await the coordinated response to the global vicious circle of carry unwinds and forced liquidations... but remember, RRR cuts so far have done absolutely nothing to hold back wave after wave of frenzied malicious Chinese sellers just wanting out of the ponzi.
The talk is not working as Chinese stocks are weak in the pre-open...
- *FTSE CHINA A50 SEPT. FUTURES DROP 3.4% IN SINGAPORE
- *CHINA CSI 300 STOCK-INDEX FUTURES FALL 4.3%
Some good news... China is deleveraging...
- *SHANGHAI MARGIN DEBT DECLINES TO LOWEST IN FIVE MONTHS
As China devalues Yuan by most in 11 days..
- *PBOC WEAKENS YUAN FIXING BY 0.2%, MOST SINCE AUG. 13
- *CHINA SETS YUAN REFERENCE RATE AT 6.3987 AGAINST U.S. DOLLAR
And China adds yet more liquidity...
- *PBOC TO INJECT 150B YUAN WITH 7-DAY REVERSE REPOS: TRADER
The desperation to keep liquidity from flooding out is very evident:
- *ONE-WEEK OFFSHORE YUAN DEPOSIT RATE JUMPS 840 BPS TO 22.9%
- *YUAN DEPOSIT RATE HEADED FOR RECORD CLOSE IN HONG KONG
"Some are converting yuan back into USD or HKD amid the devaluation,’’ says Lawrence Kung, head of deposits department at Wing Lung Bank in Hong Kong
* * *
Hope continues for a huge broad-based RRR cut but The PBOC - just as it said - remains fixed on small targeted liquidity injections. This will not please the 'people' or Jim Cramer... "they know nothing."
* * *
And finally, we could not have put it better than The Onion as they explain how the "Shoddy Chinese-Made Stock Market Collapses"...
Proving to be just as flimsy and precarious as many observers had previously warned, the Chinese-made Shanghai Composite index completely collapsed Monday, sources confirmed.
“Sure, it looked fine from the outside, but anybody who saw it up close knew that it was of such poor quality that it wasn’t built to last,” said Allen Sigman of the London School of Economics, adding that the stock market, which he described as a crude knockoff of Western versions, was practically slapped together overnight and featured countless obvious structural weak points.
“They pretty much ignored regulations, and inspections were a joke. The only surprise is that it didn’t fall apart sooner.” Sigman added that he just hopes there weren’t too many people who were hurt in the disaster.
* * *
We assume that is satire... though it does seem a little too real.
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I think I am enjoying watching these fools get their asses handed to them. Does that make me bad?
Does that make me bad?
No.
I told a buddy of mine this AM that markets were crashing. He said GREAT!
You are not alone in your sentiment.
You should feel so ashamed.
Now go and buy 1000 shares of NFLX as pennance. Also you are required to say Hail Lord Obama, 100 times, and give due homage to the Virgin Janet Yellen (Who'd fuck her after all?)
Demonstrate your faith and loyalty...
Redemption is near, my child, redemption is near.
If only they had MyRa's in China. That would give people a safe place to put their hard earned savings. I got mine, do you have yours?
I broke mine. < sniff >
Oh my Ra...the Sun God.
(Interesting that the chief satanist wants you to invest in that.)
Its not until ALL equity gains since QE1 are reversed that the market can again begin to perform as a 'market'. Put that in your pipe and smoke it Nig-Tards...
Say what Honkey?!
He said, "The black guys help the white guys..."
https://m.youtube.com/watch?v=g7sNpXJ6ci0
The dreaded 'N' word has NOTHING to do with RACE! See MLK and his 'Content of Character' quote. A bonafide 'N' is a worthless POS; and there are just as many WHITE people as BLACK that fit that definition; most of them reside in Washington D.C. and at Wall/Broad.....
ANotoliy Golitsyn - Perestroika Deception
Another major event to occur under the ‘Long-Range Policy’ involves China. Watch for the Chinese Communist government to ‘collapse’ due to a manufactured economic crisis in several years (circa 2015). This prediction comes from Golitsyn’s second book published in 1995, The Perestroika Deception. In it Golitsyn says about China on page 166:
“A campaign for a new system of World Government will be launched at Summit level and will be accompanied by pressure from below, the active use of agents of influence and secret assassinations of leaders who are seen as obstacles. The campaign will come as a surprise to the US Administration. In the ensuing negotiations, the US President of the day will find himself facing a combined pressure from the Russians and the Chinese. The Chinese will by then have adopted a ‘reformed’, pseudo-democratic system.”
They [the Soviets] intend...to induce the Americans to adopt their own 'restructuring' and convergence of the Soviet and American systems using to this end the fear of nuclear conflict.... Convergence will be accompanied by blood baths and political re-education camps in Western Europe and the United States. The Soviet strategists are counting on an economic depression in the United States and intend to introduce their reformed model of socialism with a human face as an alternative to the American system during the depression.Read more at: http://www.azquotes.com/quote/618514
The human face will last until they run out of other people's money.
Soviet is defunct
better worry about your own country
Government debt doesn't matter! Only personal-individual debt matters!...lol...print you motherfuckers, print like your very lives depend on it, because...really, it does.
I love slaying dragons & memes ;-)
Maybe more bankers will be jumping off of buildings soon. Coming to a city near you soon. Hahahahahahaaaaa..
someone needs to use bright red chalk and draw targets on major sidewalks on Wall Street.
Burning their own market to take the dollar out
yawn...we are all communists now
https://www.youtube.com/watch?v=e9mf3Bypyk8
Indeed
https://www.youtube.com/watch?v=cXteagHS0Ic
Looks like premiums on 1/10oz coins just jumped 10% or so - https://comparegoldprices.com/
Imagine if the other half of the Chinese stocks that are locked down were open to the markets. They will be toast when they open them up again.
One by one the 1/10 oz gold on Apmex sold out during the China gutting Sunday night.
Do I have this right: USA is attacking Russia by gutting the gas prices, which actually helps the Chinese because they use fuel to generate electricity; but that won't do either. Makes sense USA has a hand in crashing China's economy.
Well, no, you don't have it right because its a very Small Club where nationalism and patriotism have absolutely zero bearing.
And you ain't in "the club".
Sorry to break it to you that way but everything you've ever been taught about patriotism and nationalism and "your interests" are the same as your leaders interests is the biggest lie ever told.
Mother Teresa is dead and they are selling her body parts, for a price ;-)
welcome back nmewn. Took a 1100 drop in the market to get you to rear your hooded head ! I want a fuschia T shirt with black gothic letters reading " I Bought The Dip " with a polo style pocket deep enuf to hold my remote while waiting for Guru Cramer's advice on AAPL.
Um, no, you don't have that right. China burns coal, lots and lots of coal, for power generation.
Any you have to explain how we fiendishly managed to get them to build empty cities and invest all their farmers' seed corn money in the stock market.
If Obama was that much of a svengali, we'd all be lovin on some Obamacare and care fuck-all about what China does.
Thanks for the replies. Any idea why the Chinese built these empty cities?
The process goes something like this.
Picture the governor of an impoverished region with little economic activity. He's going to lose his job if he doesn't show some big numbers in his next report.
So he condemns some peasant land and buys it at a pittance. Then he sells that land to a developer and books a considerable sum for both his governmental treasury as well as his personal bribe account. Now the developers draw up plans for apartment complexes, shopping centers, schools, highways, airports, sports stadiums, you name it.
They take these plans to their local bank, who is under orders to finance EVERYTHING that might create some GDP growth. With the land as collateral, they borrow the money to build their projects. And pay off the banker, and pay off the government agent who approves their plans.
Now they hire out contractors to build all this stuff, who pay off the developers for letting them have the contract, and the government agent who is going to look the other way when it comes to pesky laws and regulations that might get in the way of progress.
Next, they need materials to build all this stuff, so they put their requirements out to bid and the guy who offers the highest bribe gets the contract. Now he doesn't actually have any of these materials or own the factory that makes them, so he either gets a bribe from someone who does have the factory and/or materials, or he borrows the money from the bank to start his own factory or materials supply company based upon the collateral he holds as the winning bid for all these ghost city materials.
Workers are hired and the ghost city construction begins. So far as actually hosting any living human beings in these cities, that would be a definite negative for the purposes of the people actually building them, since a population might require sewers that actually work and buildings that won't be built out of the shoddiest materials possible.
As in any late-boom construction project, filling an actual need is not the driver of the project-- the ability to get it financed is. So long as the banks say yes, and they are UNDER ORDERS to say yes, the ghost city gets built. It is all about cash flow for the contractors, bribes for the people who make their living off of bribes, and lots of nice rising gross statistics that make commie bureaucrats curl their toes in delight. Last year's concrete tonnage used: 1 This year's concrete tonnage used: 1,312,000.
Utter madness and a pure expression of the twisted modern ideal of Keynesian stimulus. Picture if you can an entire country run by selfish Chicago aldermen for the benefit of themselves and their relatives in the banking and construction business, and built by the longshoremen's union. that's what the ghost cities are all about.
That IS how it actually works in China. You must have some inside knowledge or done the reading.
The truth is that there are smaller versions of ghost cities across China. I have personally noticed almost nothing works, as well. Now, if a city builds a new modern city center and people and businesses actually move there, the process of actually making the plumbing, electricity, street lights and sewers begins in earnest. Everything gets retro-fitted or jury-rigged.
My theory is that China never had enough technical and trade people with actual expertise to suddenly and magically make all these expansions possible. They came from oppressive hard line Communism where the rules are to lie about everything to stay alive and make the local Comissar happy. To bulid the local "free" housing for the prices promised and within five years of the deadline, concrete got thinned, rebar was left out and everything else was minimalist, like one outlet in the kitchen. They had a two dimensional 1950's type economy based on autocracy. Note, that apart from weapons development, all hard line commie countries stop all economic and technological development. It is why there are still 1940's cars in Cuba which are still better than the Soviet Trabant.
Everything in China is still built on lies and empty promises. Lying is not the same to us as them. It was simply a practical way to survive, a tool with minimal moral component. Bribes and family ties were the ways to get things done and keep government off your back, as well.
These traits did not disappear overnight. A free market actually forces more honesty and higher quality as they are learning.
What is Beijing going to do next? Just natinoalize the entire stock market and be done with it?
They can consult Bernank and simpy print monthly batches of $50 Billion and buy every stawk out there.
Last Friday August 21, a primary bear market was signaled for Chinese stocks as per the Dow Theory:
http://www.dowtheoryinvestment.com/2015/08/dow-theory-special-issue-prim...
So, it is well likely that the free-fall has not ended yet.
Not all of AsiaPac is imploding by a long shot (not today anyway). Australia, South Korea, Taiwan and even Hong Kong are all up this morning, along with US futures.
uh huh...skip the jasdaq and those pesky chines dragon thingies
http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific
i kind of like the nifty slum dogs things having to use pooper scoopers on themselves for a change :)
China's up over 5%
http://www.investing.com/indices/china-a50
As I write the Nikkei is down 479.72 and the Hang Seng is down 184.71
That 5% "gain" evaporated rather quickly.
It is coming down. There is not one damned piece of propaganda that can be published that will stop it.
It may slow it for awhile.
But it is coming down.
And I cannot be any happier as it means the collapse is manifesting with the fraudulent and corrupt suffering horribly.
The EU and Washington have tried to kick Russia out of the western financial system. Perhaps that ain't all that bad?
What??? We cut the Vodka shipments?
America is switching to weed. Sorry 'bout that.
What would a hypothetical "G8"/"G20" response look like? Any ideas?
cross country equity and currency market swaps via the delta desks of JPM, HSBC and DB...wait..they regulated those shut...ummmm..print brazillions and buy each others stock markets for coordinated intervention....wait they did that already...do the same in government bond futures...hmmm..paid that 6% coupon market and ended up with a load of fiat coupons that have had to be rolled into a 25% currency swap after 4 short years...ummmm...export the unemployed to each other!! that worked well in europe! hmmm...i know...poker face stoic silence and order lots of each others toilet paper and build machine gun trains to places no-one has heard of! with someone elses gold bearing ATM machine using countrparty risk! voila!
A lot like "High School Musical".
Bail-ins.
-double post-
There is no logic to "China is causing US markets to crash" meme. It's a total distraction. The U.S. is a safe haven. Unless you're finding stories of Chinese based banks selling off US assets to meet margin calls, you're out of your mind.
Dow will open green tomorrow they are loading up the bazooka, shock and awe! How much money will they spend to make it green?
linda green?
http://thjf.org/2012/12/12/who-is-linda-green/
Markets are GLOBAL. The PPT had best do something to prop up China and Japan if they want the DJIA opening in the green.
No. 2 Economy and No. 3 Economy are in shambles. Do you really believe that the No.1 will escape unscathed?
It's free money, so why not. It's not like it's real or anything.
This always happens in August, right before a false flag or a major crash-crisis: orchestrated by the same people.
Does anybody know if Shanghai has the up-tick rule?
Conspiracy theorists must know.
they havent figured out yet that if you ban selling, you kind of collapse two way price discovery and kill the market... but... he who sells what isn' his'n buys it back or goes to pris'n...and if there arent any sellers... you ging to da big house! :)
Thanks. I since found this
http://news.morningstar.com/all/dow-jones/foreign-markets/2015080315809/...
Maybe the up-tick rule
Take the money and run, run before it goes to zero. Run!!!!!
Seems like Shanghai could go ahead and borrow a 'lil of that green from Hong Kong.
If you don't already have physical gold, you should go to the nearest ATM and withdraw cash money. Then, if you still have time, take your credit card, go to the nearest grocery and purchase enough food and water to last a month. Once you've done that, if you still have time, fill your car up on your credit card.
These are the best INITIAL preparations you can make for the calamity that is about to crush the United States.
No guns, ammo? Fill up the car up to go where? I'd say the INITIAL move is to get a plan. Part of that plan should consider that you are very very late if that is your state of readiness
This is a distraction while they prepare ISIS to come through the open Mexican border - Jade Helm hasn't even been mentioned lately - While investors are wiping the sweat off their collective brow's - the PTB should get at least a week out of this !
Let's just add another 20% to Apple and Netflix tomorrow, why the hell not.
what I want to know is ... do they get a discount on iPhones and movies???
(Overheard at the yellen residence)
"Janet....phone!"
"Just a minute mesuga, I'm rubbing a doilie on my schuptuck!"
........."Hello"
"Listen you Hebe wench, I TOLD YOU TO GET THAT SPECIALLY MADE SIKORSKY NOTE SPEWER AND PRINTER THAT IS LOADED UP IN THE DEA/CIA WAREHOUSE AND FLY THE FUCKER OVER EVERYWHERE!!!!!"
"Ben?"
"WHO THE FUCK DO YOU THINK IT IS? RON GOD DAMNED PAUL?????!!!!"
JESUS FUCKING CHRIST! ALL MY WORK...."
"OK OK!!!!! Let me get my nylons on......oh fuck it..."
Long underwear.
WE ARE FUCKED.... the PPT could not hold this beast together. Today was all about credibility and confidence. “They” could not allow what actually happened because it showed weakness. Or better yet, it exposed their inability to hold it all together. Today was not about margin calls, Mom and Pop selling or even mutual fund/pension plans. No, you saw “algorithms” go wild today and it turned out the algos were bigger than the PPT. Huge mistake by the PPT because just as in a street fight, “weakness” provokes aggression and now the algos know how powerful their punch is! They could not let “it happen” …they did, HUGE MISTAKE!http://www.jsmineset.com/
The amusing part for me has been watching the noiZ-media doing their best to spin this as all China's fault.
Pass the popcorn.
Zion is a scheme, not an ethnicity..
Going to be fun to watch how they spin it all together as justification for the coming rate increase.
Long pajamas in Vegas
Chineese stocks are up 480points or 2.4% at the moment...
Dead cat bounce.
Give the Chinese some credit. Their furniture has improved vastly over what they sent here 5 years ago. Maybe they will make a better stock market in the future.
http://razorsforex.blogspot.com/2015/08/possible-reversal-setup-on-dow-a...
Sell into any up swing....
The selling we saw the past three days may be a bit overdone.
Good news: everything is fixed!
We'll be back at the all time highs by the end of the week!
I doubt by the end of the week, but maybe within the next 3-4 weeks.
The desperation to keep the market afloat is epic. Probably worried about derivatives, those will take 48 hours for margin calls depending on leverage right? I guess they think they can buy the whole worlds markets and currencies now. This is so insane.
They've been doing it for years now. When you have the ability to create money at will, you can do whatever you want. This market is literally a brain-dead patient hooked up to life support. Everytime the patient's heart looks like it is finally going to stop, they give it another dose of adrenelin (QE) and it is beating like a champ again. Patient saved to live another day on life support! But still brain dead. Sooner or later the heart says fuck it and just quits despite all of the adrenalin and shocks you thow at it. Or people come to their senses, realize that keeping a dead body breathing on life support is futile, and pull the plug. I think I hear the estranged children demanding more adrenelin for mama.
Reminds me of my days working in the medical ICU. You would be surprised how long a human body can literally rot away on life support and still maintain a beating heart. And I can't tell you how many times I've seen estranged families all of the sudden show up and demand everything be done for said brain-dead patient, usually because their check would-be cut-off upon their death. Sad but very true.
'demand everything be done for said brain-dead patient, usually because their check would-be cut-off upon their death'
Been there done that, yes so true. Pieces of flesh just falling off, kinda like this shit show.
Rest easy boys, there's no way this can go on much longer.
I mean, unless you're dead or something, what happened today was all over everybody's radar screen and you just CANNOT call what's going on normal even if you know nothing about markets.
You don't suddenly go green either without eating credibility right out of existence.
At some point, ordinary folk will demand answers and stability. I mean...who wants to live like this?
m
YES but ...
Did anything blow up this week?
You guys keeping a count on warehouses???
Second explosion in Japan. http://www.rt.com/news/313176-tokyo-factory-blaze-airport/
War games that the Russian and China's media went quiet on after this article. http://www.rt.com/news/313170-russia-china-japan-sea-drills/
And there was a massive pipeline explosion in Russia.
Amateur footage shows a large oil fire on the surface of the Moscow river after an underwater pipeline reportedly burst on Wednesday. The Moscow oil refinery, owned by Gazprom Neft, told Reuters it was unaffected by the fire, and did not own the pipeline where the incident occurred. Local news agencies reported that one child and two adults suffered burns from the incident.
http://www.theguardian.com/world/video/2015/aug/13/river-fire-burst-pipe...
Here are some more signs of a coming recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn/
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
Just out on DJ Newswires: Why Goldman Remains Overweight China Shares -- Barron's Asia. Thanks, Barron's and GS, for some needed comic relief. As for me, I wish I'd held on to that FXP I bought back in July and thought I was clever for scalping a nice 10% o/n gain. It's now 25% higher from where I sold. Oh well, can't win 'em all.
Didn't Barrons say two weekends ago that it is time to buy commodities? I wonder how that's working for readers and which bank paid them to run it?
Second explosion in Japan.
This is going to go to live ammo ... before it's over.
Obviously there was going to be a bounce. The problem is that the buyers now are stuck holding stocks with rapidly decreasing earnings.
It's getting hotter. They used the word aggression and deploy.
“Russia’s military activity in the Ukraine continues to be of great concern to us and to our European allies,”......"The air force chief of staff, General Mark Welsh James, said the F-22’s inaugural training deployment in Europe would allow US forces to train with Nato partners"... "The first deployment of the Lockheed Martin Corp F-22 to Europe outside air shows is seen as a move to address growing concerns among Nato allies about Russian military aggression.
http://www.theguardian.com/us-news/2015/aug/25/us-sends-f-22-fighter-jets-to-europe-as-part-of-ukraine-response
http://www.msn.com/en-us/news/world/air-force-sending-advanced-fighters-to-europe/ar-BBm3qWH?ocid=ASUDHP
The Vice Russian Roulette videos have slowed to a trickle, but I've watched 'em all.
https://www.youtube.com/watch?v=O_L0mzW4dIQ&list=PLw613M86o5o5zqF6WJR8zu...
The jets formally entered service in December 2005, with the last F-22 delivered to the air force in 2012. Houston we have a problem!
Might be a great opportunity for the profession traders. Don't think that any conclusions can be supported until we see a counter rally attempt, probably this week.
Hold everything! Everything will be fine, just fine, as the Z-7 is going to meet and come up with a plan to undo the damage caused by they and their Zion masters' plunder.
I would bet the plan is, just like in 2008, more plunder, and more tyranny.
Zion is a scheme, not an ethnicity.
Hayek wrote an entire book discussing why planning cannot work, does not work, and what happens to a society so burdened with thieves covering their thefts under the guise of "planning."
https://mises.org/sites/default/files/Road%20to%20serfdom.pdf
Mises? He was a MOT (Member of the Tribe).
My opinion? All this Joo stuff is a false flag operation.
Ow, my FaBookaBabaTweeTeslaGoogAhoo fund.
“We’re going to need a bigger Cramer.”
Well, who is buying that shit? This is not my first day in the markets but I guess I am still stupid. Where is the "capital" going? We don't seem to know do we? This is a major problem. How bad IS this whole situation? You banker fucktards didn't clear your books in 2008 and it has to come home to you. Oh, we need to beat up PM's again? That's just fine you stupid paper banker fuckers because we are not the ones who are in trouble. You banksters have some serious problems.
YOU ARE ALL INSOLVENT!!! Admit it. This was a long time coming.
The Chinese Central Bank and the Fed is buying.
I guess the markets are TBTF and they now own a bunch of stock private investors think is worth a lot less than Central Banks think they are worth.
Somehow the Central Banks have to get their money back as they are not in the losing business, so who will pay?
We, the peons do.
So what you are saying is that it doesn't matter. I get it.
They will dump their serious problems on the rest of us, just like in 2008. The rest of us did not take care of them then so it is coming back to us again.
So much doom porn that I ran out of tissues...
Smoke 'em if you got 'em.
See you in the proverbial trenches
Don't shoot until you see the black or the blue of their helmets.
The end games have just begun....remember folks, its not over until lots and lots of goyim blood is spilled!!!!!!!
Typical false flag operation. The goyim will be shooting each other.
So how much longer before we start eating ourselves? http://tinyurl.com/qjljt8n
Poo Fry Lice
Whatever happens Chinese & Indians will not sell gold at any cost :-)
When the going gets fine : Buy gold for safety
When the going gets rough : Buy gold you dont know what happens next
The es-mini levitation in the USA is happenin on about the same volumes as Thursday night last week, and a lot less volume thatn the Sunday PM / Monday AM drop.
Don't know what it means , except welcome to the next normall, I guess.
Need popcorm for the Europe open.
What a show on the Nekkei right now.
What ever is working to combat the selling pressure is in a death match from hell.
It's in a serious arrhythmia heading for stroke or cardiac arrest...
What a battle Royale.
m
In the end Chinese stocks are for private invesstors whereas Wall St and western stocks are for serious business and pension funds, i.e. falls in China anre much less damaging to the national wealth than in the US, Germany or US.
It also proves that Chinese economy is No. 1
When China sneezes, world gets cold
Not exactly. China is sneezing because the economies in Europe and US have already got a cold and can't afford to import so much from China, which depends on exporting to them. The China market crash reminds everyone of the dire state of the global economy.
That's right.
It's broken western economies taking China (the machine THEIR outsourcing created) down.
Not the other way around.
Eventually, this realization will hit them like a ton of bricks...
m
...or... a ton of brics.
Maybe this helps some of the events in the world make sense.
"The biggest thing, I now believe, is that these things interact."
http://www.pennyforyourthoughts2.blogspot.com/2015/08/chemical-manipulat...
23:07 PST....11PM on the US West Coast.....China's PPT is trying very hard to keep SHA above 3000.
I'm prepared for a 100+ point rally in the S&P over the next three days. If it tops out on Thurdsay around 2000 then Friday should resume the drop. The following 14 trading days could see incredible short-term opportunities like today and last Friday did. But the moves will be consistently down by the close, finally bottoming out somewhere in the 1700 neighborhood by September 17 at 2 PM Eastern. Of course it will all be "priced in" by then, and a quarter-point hike is guaranteed. QE over, ZIRP over, mission accomplished - to the real economy "You're on your own".
2330 PST in the US, with our PPT furiously trying to keep Dow Futures (CBOT) in the green. Shanghai now below 3000 and the FTSE opens in 30 minutes. Good times !
As I said yesterday, get your ass to Costco and Home Depot in the AM.
Now I am logging off and taking out the battery in my computer before they drone strike MY ass.
https://www.youtube.com/watch?v=imYJpr09IgQ
always liked this one, if you dont like it call your congessman
https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rj...
https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rj...
http://www.whajoongkwangya.com/zbxe/2015_Old_Path/2015_Monthly_Article/2...
how do you dispaly pics on this blog.?
You can link, no display.
Lack of regulation?
The while bubble was created because of government intervention in the credit market with their printing press.
Now it is lack of government control that is the problem?
Like they are competent and moral.
Epa Colorado rivers yeaaaah regulation.our overlords now best.
"The while bubble was created because of government intervention in the credit market with their printing press".
Hmmm, where have I seen that before....?
Curious .
Australia up over 2% whilst China continues to crash, as though the fortunes of Australian ecnomy not dependent on the condition of China.
Commodities crash(ing), Yuan chaos, SHCOMP crashing still despite Govt intervention......SCHOMP down what? 40% since June?
The writing is on the wall for those reliant on China. But a lot of the China downturns not yet reflected in Australia.
Australia survived much of the GFC because of massive Chinese stimulus spending and the strong commodities demand and prices...none of that is around anymore, and it wont save Australia this time around. But it seems the Australian market still doesn't get it. The AUD has fallen considerably to offset falls in export prices and demand.
However, it is a new normal, not a temporary slump for Australia.
The only reason I can see for the Aussie market hanging on so well is the assumption that China will once again do a massive QE.
Unless of course it is all bound up in the unwinding of currency mechanisms.
I think with all the uncertainity about in currencies and markets TPTB will want to make sure Gold is held under control unless it become the last safe haven. that everybody stampedes too.
So I would assume another massive take down of gold again???
5100 - 3000 (today SCI Price) = 2100/5100 = 41% Decline.
But We are up 27% for the Year (back 12 months).
800/3000 = 27% above 12 months ago.
If you look at the Rate of Change it looks worse.
Edit eyes got August 2014 Price wrote, had to revise.
Edit2: I messed up the Decline % as well(too old).
This is all part of a plan. But the west is not in on it.
http://www.denk-bubbles.com/what-if
well i dun seen it on CNN, the talking head said that everythings ok, and as a bonus, the price of oil keeps dropping, so people should go out and spend Moar! (He then said that this would be a perfect time for a 10 cent per gallon gas tax increase to rebuild the nations infastrucktcha!)
I live here in Asia. Thailand is ready to blow out a huge property bubble.
When this fucker gets rolling...... People will be wiped out for generations.
Fuck the banksters....
Wow, so maybe visit Thailand in 2 years or so to see what Rents are like and look around?
I used to look at ads and news letters for Housing and Apartments and Condos in Pattaya, Hua Hin, Phuket, Chiang Mai not so much... a few Islands.
Most of them look like small keep hotel rooms with some restaurants and pools. Just a box for big money.
thought the bloodbirth was to start in Septmeber
thought the bloodbirth was to start in Septmeber
yes, what happened?
You think that this..THAT THIS...is a bloodbath???
You have not seen anything yet.
Wait until all of those Point Of Sale ATM Machines are shut down due to the cascading insolvencies and defaults of Banks...
This shitstorm is just beginning.
The party will be a riot.
This is just a teaser...a preview of the show.
Credit Freeze II, the Sequel...
Coming to a theater in your own hometown soon.
And every night is Audience Participation Night.
China ends market intervention.
Questions whether propping up market is really worth it if benefits don't filter down to real economy.
-Paraphrased from Bloomberg just now (for real - though it seems like an Onion bit mocking the West's QE insanity)
Looking forward to a huge up day in the US where fiat and pure bullshit make billionaires out of parasitic douchebags.
"Some are converting yuan back into USD or HKD amid the devaluation..." >> So this is happening, US is saving dollar as a reserve currency and showing the world that China isnt suitable alternative. After damage is done people will be less encouraged to adopt yuan. Kind of what happened to Bitcoin. I also wonder if recent "explosion" incidents on both sides have something to do...
I think the 'Explosion-a-thon' will continue - If you live anywhere near a large warehouse with copious amounts of explosives and/or chemicals in it - MOVE !
FED won't have any money left after they bail this baby out - This is not part of the FED McPlan ! China has surprised the FED before they were ready to CRASH it deliberately - probably towards the end of the year - China has thrown a giant spanner in the works and the PPT will not rest until the DOW climbs back to 17000 at least ! The FED must be shitting themselves - Time to crank up the Weimar presses !
Tyler sleeps like a granny.
This place is absurdly dead when half the world is wide awake and trading.
Threads must require review by US based d-bags before release.
The last thread posted was at 9:21PM EDT.
It is now 6:10AM EDT.
A couple things have happened on M-F-ing EARTH in the last 9 hours.
Wake granny up, you fucking bitchez.
Tyler I was thinking the same thing. I think China Stocks Endo-ed Again today, but don't see it here on ZH.
I'll go to SCMP or Bloomberg and see if I can find the big numbers on total Shanghai Composite Index Decline.
Looks like 30% or so, but looks like 2015 was a 30% rise from 2013 or 2014 postings.
So the Hyper Chinese Stock Market has been out of control... but I haven't been following it at all.
- Hyper Shanghai Stock Market
- Hyper US Stock Markets
So where are the big numbers? And we have Capital Flight and Bank Runs if only in the form of cash from Stock Market in Yuan being deposited Off Shore.
"The desperation to keep liquidity from flooding out is very evident:
*ONE-WEEK OFFSHORE YUAN DEPOSIT RATE JUMPS 840 BPS TO 22.9%
*YUAN DEPOSIT RATE HEADED FOR RECORD CLOSE IN HONG KONG
"
China has now cut interest rates and cut reserve ratio.
So scratch the "non-intervention".
Unicorns and rainbows overrun China! Wheeee!
China has been given the page number of the global script and ZH will now resume some programming.
Dow futures up 600+. Another million prostitutes minted overnight.