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Why Did China Invite Blackrock's Larry Fink For Advice How To Manipulate Its Stock Market?
While it is already common knowledge that China has thrown virtually everything at the market in order to halt the ongoing market crash, including arresting "malicious sellers", journalists, and suspicious hedge fund managers, blaming HFTs for daring to sell in addition to buy, and even making trading index futures practically impossible, perhaps the most interesting revelation showcasing China's desperation came from CNBC today which reported that the government recently invited none other than Mr. ETF himself, BlackRock CEO Larry Fink to "discuss the market situation there", or said otherwise: how to manipulate the market more effectively.
CNBC adds that, as expected, Fink "accepted the offer and traveled to China in the last part of August to meet with officials" and conveniently, if redundantly, reminds us that "the request for Fink's expertise comes amid a prolonged slide in the Chinese stock market that has sent shivers through the U.S. and Europe as well. Many of the Chinese government's efforts to prop up the falling market have been seen as ineffective."
What is not said in the above, but what is abundantly clear, now that the cat of Chinese market manipulation is out of the bag, is that with every other attempt to manipulate the market higher, China felt it incumbent to invite Larry Fink for his expertise.
But expertise in what? Because if the answer is "market manipulation" then it has far more profound consequences not so much for China, where the market is now a global farce (not to mention a tragedy to all those who are hopelessly underwater on their investments having listened to the government's urges, and buying stocks - with margin - on the way up, only to lose everything and more on the way down) but for the US.
Why? Because if Larry Fink has somehow become such a world-renowned authority on "market manipulation" that China feels compelled to ask for his advice, then it has huge implications for the US stock market where his BlackRock, the world's largest asset manager, is by far the most dominant presence thanks to its pervasive ETF products (products, whose fragility was revealed on the August 24 flash crash).
If so, one wonders are ETFs nothing more than "market manipulation" vehicles?
And more to the point, what exactly did Larry Fink tell China is the best way to manipulate its stock market higher, and the immediate follow up to that: how much of whatever it is that Larry told China to do, is BlackRock already doing in the US?
We ask because BlackRock's Rick Rieder, the company's Chief Investment Officer and Co-Head of Americas Fixed Income, just happens to be a member of the New York Fed's Investor Advisory Committee on Financial Markets, also known as the advisors to the NY Fed's Plunge Protection Team.
Which just happens to tie it all together: if BlackRock is advising China how to manipulate markets, it only makes sense that the same company will give comparable advice to the world's biggest hedge fund: the NY Fed.
So, we wonder, just how easy is it to FOIA the transcripts (not doctored minutes) of the last severael years of IACFM meetings where people such as these...
... were present, and discussing how to "boost" the US sttock market?
Finally, since the Fed has made its mission to boost the wealth effect for everyone through the stock market "portfolio channel" shouldn't the Fed just disclose already precisely how the market is being manipulated so that everyone can profit from a rigged stock "market" without risk, instead of just a select few, most-connected hedge managers and billionaires.
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a lesson in Zio-zen?
China is leading the world into a global recession.
http://www.planbeconomics.com/2015/09/china-could-lead-is-leading-global...
no shit, sherlock!
Stupid chinese, asking a jew for advice. Sum ting wee lee wong.
The jew cries out in pain as he gives you bad stock advice.
Speaking of which, we have a September 11th style freeway shooter operating in the Phoenix area now. Here is the propaganda version..
http://www.msn.com/en-us/news/us/arizona-authorities-investigate-9-freeway-shootings/ar-AAe6apy?ocid=ASUDHP
Another hole in the "China-will-introduce-a-gold-backed-Yuan" theory...
Keep on dreaming bitchezzz...
See also this video with Jim Rickards, fast forward to 14:40, and more specifically FF to 18:40 with Jim talking about the Chinese buying gold. https://www.youtube.com/watch?v=aJ8qPaRp8Ek
To sum it up here's a quote from Jim: "...people who naively think China is trying to help out gold investors. China is there to help China." (from 19:26)
China loves the fiat currency game as much as anyone else because faking things (Louis Vuitton bags, DVD's or running a printing press) and gambling is in their blood.
Sprinkle some truths along the path of lies to keep your prey interested. Jim Rickards does his intelligence agency master's proud...
Yup... I was a little more heartbroken with Snowden and a little less heartbroken with Assange.
When it comes to the CIA there simply is no such thing as "former"...
Perhaps BlackRock and China have more invested in each other than is well-known?
* * *
Agree, markmotive , China looks like the source of a lot of problems. South America is taking a big hit from lower exports to China.
Trade decline widens
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=...
It appears to me that there is simply a lack of Jewish-Chinese people. Am I right, or am I right?
+1M
What happened to the legacy of Sun Tzu...?
Sometimes you need a real pro........
Yeah, pretty much thinking this is along the lines of the answer to the question "why is divorce so expensive?"
Because it's worth it.
Funny thing about marriage, there's always something that's not work out. And it's your job to figure out was it is and how to manage it. Prolly why the place is going down the shitter too, no i'm certain of it.
Wait a minute... wait... yes, here it is, in Mao's little Red book. Chapter 13, just past Chapter 12 on how to kill your running dog parents. Yes, here it is, always be a glorious buyer, never a malicious seller.
I wonder what they paid him. A free penthouse apartment in a brand new city?
Trying to get at least SOMEONE to live there.
the first rule about fight club is you dont talk about fight club
Chinese don't like anything Black, or anything Rock. Looks like Fink is a bad luck charm for the Chinese stock market
Why? Because the brilliant Larry summers was to negative for them.
He asked for more shekels than any of the other jew experts...and DEMANDED a private jet
But did he ask for (another) donation to the Clinton Foundation ?
Fink went to China and talked his book.
exactry, what else would a greedy kike do?
shouldn't the Fed just disclose already precisely how the market is being manipulated so that everyone can profit from a rigged stock "market" without risk, instead of just a select few, most-connected hedge managers and billionaires.
It's a big club and you are too tiny to belong to it. Keep watching football, serf.
A Jew named Fink, very poetic!
HECK ... if all else fails ...
WHY NOT let the Shanghai market trade freely????????
Wake Up, China. A free market is your best possible choice.
The real question I want to ask, is why not Jack Lew? Is it because they don't want another replay of Paulson?
http://wantarevelations.com/2014/01/wanta-plan-macro-financial-economic-...
BTW, Lew was informed:
From: Ambassador Lee Emil Wanta
Sent: Sunday, January 26, 2014 4:07 PM
Cc: U.S. SECY TREASURY_JACK LEW
Subject: Austrian Inland Tax Resident_New Republic/USA Financial Group, Ltd. Gesellschaft, Wien, Austria_A-1010
Surely they expect him to live up to his Tribe given name.
Larry will tell them the junk stocks are like junk MBS. When you bundle them together, like in an ETF, they become AAA rated.
Most likely it was some of Black Rock’s ETF’s that were “Shorting The Shit Out Of The SHCOMP”.
I’m guessing Larry didn’t discuss that at the meeting.
Why? Because he's a Fink. It's in the name. In Mandarin it's 'FingK'.
Rat Fink.
World Headlines: President Xi Jinping of China surrenders to the NWO and Lloyd Blankfein.
Call a Jew to teach you how to manipulate the financial markets.. Interesting.
They sure have a lot of practice at it.
Did Larry perchance, swing by Japan yesterday?
Nikkei up 1,343?? Are you fucking kidding me??
who thinks the EXPLOSIONS had something to do with china's latest moves
China shows its intelligence in drawing from our pool of all star crony capitalists...they might also want to get a few others to chip in....we have more than enough to share with them.
They love the guy because the Chinese characters for "Larry Fink" also mean, "The fix is in."
"Meestah Phink, wat do you mean we sort ourselves?"
Why does China want to do a better job of manipulating their market???
That's a damn silly question.
Any asshole that is dumb enough to invest in a country that killed 50 million of its people deserves to lose everything. It doesn't matter because the lunatic running free in our White House has managed to do the same to us via Iran deal supported by 48 scum bags that are scared shitless of the BLACK MENACE in America.
Nice hair style, cunt.
Part of the cheating game involves top poker faces read each other's cards. I don't have access to the poker faces. what about you?
I wasn't at the meeting between Fink and the Chinese, either. But here's my take.
Everybody knows that in November 2014, the Shanghai Exchange relaxed and let foreign firms (read Goldman Sachs, et alia) buy shares for foreign clients.
The Shanghai index was at about 2300 a post 2008 high at the time. 7 or 8 months later the index hit 5100 and margin debt quadrupled.
The Wall Street Journal put out the story that 40,000,000 Chinese farmers moved into the market ON MARGIN.
Goldman et al opened a lot of fictitious accounts and borrowed from Chinese lenders and moved the market up almost 3000 points.
Then they began to short the stocks in fictional accounts; stocks they had been buying in other fictional accounts. Then they started to sell their long positions.
Then the Chinese suspended trading in half the listed stocks
No one, not even Tyler himself, knows how much of Goldman's capital is tied up in Shanghai. But considering the initial increase in margin debt on Shanghai's exchange, it's probably a very large number.
Enter Larry Fink.
Could it be that Fink was invited to Shanghai to carry a message back to Lloyd Blankfein?
"You will agree to getting busted out of the following trades, and we will take the hold off of your yuan."
The entire chinese story was created by the elites and now they taking it down...for the shadow rulers of this world...bringing the world to destruction is like walk in the park..