Jun 29

H/t reader squodgy:

“This one has been quietly bubbling in the background since we were told a year ago that world demand was falling off a cliff……now the results are coming in……

This could trigger the US collapse in sync with Greece triggering other EU defaults and the euro collapse.

Can only be good news seeing as the alternative is financial oppression and austerity to support the banksters. Hey…a return to the Wild West!”


market-detonation

The Market Detonation You’re Ignoring: “The Chinese Market Is In An All-On Crash” (SHFTplan, June 27, 2015):

With the eyes of the world on Greece and a possible collapse of the of the Eurozone as a likely end result, many are ignoring a potentially much more massive elephant in the room. It’s been the hottest market in the world, so flush with cash that they have actually built entire ghost-cities lacking populations and mega shopping centers without tenants – a clear sign of bubble waiting to be pricked. But the inevitable seems to now be taking hold as once unstoppable Chinese stock markets are now reversing the unprecedented gains seen over the last several years.

Forget Greece. We’ve seen that story before. This could be the first domino:

The Chinese market is in an all-on crash. Continue reading »

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Jun 29

Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary) (ZeroHedge, June 28, 2015):

Carnage…

  • *CHINA STOCK PANIC SELLING TO CONTINUE, CENTRAL CHINA ZHANG SAYS

This leave China’s CSI-300 broad stock index futures up just 7% year-to-date…

  • *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT
  • *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY

20150628_china7

  • *HKEX DROPS AS MUCH AS 7.3%, MOST SINCE SEPT. 2011
  • *SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5%
  • *SHANGHAI COMPOSITE HEADS FOR BIGGEST 3-DAY DROP SINCE 1996 Continue reading »

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Jun 26

trader-china-7

“Blood On The Streets”: Chinese ‘Nasdaq’ Crashes Most On Record, Morgan Stanley Warns “Don’t Buy This Dip” (ZeroHedge, June 25, 2015):

Is it time to step in and buy the dip in Chinese mainland shares after last week’s harrowing 13% decline on the SHCOMP? Absolutely not, Morgan Stanley says.

*CHINEXT PLUNGES 8.3%, BIGGEST ONE-DAY LOSS EVER (down over 27% from highs)

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Jun 19

As US Soars, Chinese Stocks Crash 13% – Worst Week Since Lehman (ZeroHedge, June 19, 2015):

As the carnage began last night in China we noted the extreme levels of volatility the major indices had experienced in recent weeks. By the close, things were ugly with the broad Shanghai Composite down a stunning 13.3% on the week – the most since Lehman in 2008 (with Shenzhen slightly better at down 12.8% and CHINEXT down a record-breaking 14.99%).

Over 1000 Chinese Stocks were limit-down last night!

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Jun 19

China Is Turmoiling (ZeroHedge, June 18, 2015):

For the 2nd time in a month, China’s Shanghai Composite entered a correction, plunging 10% from local highs as headlines of delayed IPOs and large-scale steel ‘dumping’ at a loss combined with global monetary policy fireworks and European event risks. The rest of the more highly sensitive and manic Chinese equity markets are also plunging with CHINEXT and CSI-300 down over 7% in the last month (and 17% from the highs in the case of the former).

Chinese stocks have gone nowhere in a month…

china-stock-market

Before you read on – STOP and look at the volatility we are talking about here… multiple 10 to 15% swings in major stock indices in the last month. Compare that to the US market’s idiocy where we have seen no vol whatsoever in the last six months. Continue reading »

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Jun 18

H/t reader squodgy:

“On a world scale, this is.incredible as mathematically it would enable the implementation of UN Agenda 21 to achieve a “LEGAL” population reduction of 20 million every year…….it explains why it will be pushed through regardless.

It certainly confirms my suspicions that Obama is a classic Manchurian Candidate.”

A Manchurian Candidate indeed …

Manchurian Candidate: Elite Puppet Mind-Control ‘Presidential Model’ Barack Obama


obama-puppetchange-we-can-believe-in

The great TPP deathtrap for India, China (Jon Rappoport, June 17, 2015):

The great TPP deathtrap for India, China

And the other 10 member-nations

The terms of destruction

The clues are all there in Obamatrade and Obamacare

by Jon Rappoport

June 17, 2015

(To read about Jon’s mega-collection, Power Outside The Matrix, click here.)

“Once in a while, a major leak oozes out of the government-corporate nexus. First responders and damage-control experts quickly arrive on the scene and throw a blanket over the shocking revelation. Media fall silent. Nothing happened. It was a momentary delusion. Everything is fine. To the degree that the public becomes aware of the truth, the public registers utter disbelief and denial. Why? Because believing this one thing would torpedo their faith in the whole structure of the synthetic invention called Reality.” (The Underground, Jon Rappoport)

The truth emerges out of the shadows of secrecy…

Let’s start here. The Trans-Pacific Partnership (TPP) is a trade treaty, coming down the homestretch toward ratification, involving 12 nations which account for a staggering 40% of the world’s GDP. The TPP encompasses 775 million consumers. Continue reading »

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Jun 18

H/t reader squodgy:

“High five for the recovery…..”


Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly (Wolf Street, June 17, 2015):

This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route:

“We are now shipping at an absolute loss. With the bunker-adjustment-factor surcharge at $300 for Asia-Europe, we are losing more than $50 per box.”

“Unless by a miracle demand grows, we are up for heavy losses in the next quarter and maybe the rest of 2015.”

The rate for shipping a container on that route, after plunging for months, is now below even the cost of fuel. Continue reading »

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Jun 17

brics-swift-russia-banking

BRICS starts examining SWIFT alternative (RT, June 17, 2015):

The BRICS members have kicked off consultations on an alternative to the global SWIFT system that processes about 1.8 billion financial messages annually, said Russian Deputy Foreign Minister Sergey Ryabkov.

The BRICS system for the transmission of financial information is expected to protect the member countries from any possible disruptions, and provide better security.

“The finance ministers and executives of the BRICS central banks are negotiating … setting up payment systems and moving on to settlements in national currencies. SWIFT or not, in any case we’re talking about … a transnational multilateral payment system that would provide greater independence, would create a definite guarantee for[BRICS – ed.]countries on risks associated with arbitrary decisions …made by countries that have current payment systems under their jurisdiction,”Russian Deputy Foreign Minister Sergey Ryabkov told RIA in an interview published Wednesday. Continue reading »

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Jun 16

Russia’s Gazprom and China’s CNPC to exclude dollar from gas settlements (RT, June 16, 2015):

Russia and China expect to use the ruble and yuan in payments for gas supplied using the western Altay pipeline. When it and the eastern Power of Siberia pipeline is open Beijing will become the biggest consumer of Russian gas.

“As a sales contract is not signed, then, of course, the currency of payment has not yet been determined. However, the Chinese side and the Russian side are discussing [currency-Ed.] today and are in intricate negotiations on the possibility of paying in yuan and rubles,”Gazprom Export CEO Elena Burmistrova said Tuesday. Continue reading »

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Jun 14

wu-14
Falcon Hypersonic Technology Vehicle 2 (AFP Photo / DARPA)

China confirms test of new hypersonic strike vehicle ‘Wu-14′ (RT, June 14, 2015):

The Chinese Defense Ministry confirmed the fourth test of a hypersonic nuclear delivery vehicle, which the US called an “extreme maneuver,” amid rising tensions between the two powers in the South China Sea.

The test of the hypersonic glide vehicle, which the US has dubbed the “WU-14”, was carried out on June 7 and is the missile’s fourth test in 18 months.

“The scheduled scientific research and experiments in our territory is normal, and those tests are not targeted at any country and specific goals,” the ministry said in response to a report published on Thursday by the Free Beacon.

The strategic strike weapon is extremely advanced and can travel at 10 times the speed of sound, or 12,231.01kph. Continue reading »

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Jun 09

Yuan

–  The PetroYuan Is Born: Gazprom Now Settling All Crude Sales To China In Renminbi (ZeroHedge, June 9, 2015):

As Russia adjusts to Western sanctions stemming from the conflict in Ukraine, Gazprom is now settling all crude sales to China in renminbi. At the intersection of the petrodollar’s death and yuan hegemony is: the PetroYuan…

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Jun 09

–  60 Year Old Vancouver House Sells For 40% Above Asking As Chinese Buyers Go Full Tilt (ZeroHedge, June 9, 2015):

While the US housing bubble may have made its triumphal return particularly among the ultra-luxury segment in select cities on the east and west coast (making both owning and renting unaffordable for most Americans), it pales in comparison to what is going on in Canada. Case in point, this 60-year-old, 4-bedroom, 3-bathroom rancher in West Vancouver. The house, according to the Vancouver Sun, was originally listed with an asking price of $2.98 million. A few days later, the house is in contract at a price of $4.1 million, 40% above asking.

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Jun 09

Meet China’s New ‘Investor’ Class: “It’s A Lot Easier To Make Money From Stocks Than Farmwork” (ZeroHedge, June 9, 2015):

After a very modest drop last week, outstanding margin trading balances in China have resurged to record highs this week as ‘correction’ dip buyers rampage back into the markets, hopeful of China’s inclusion in (and devastation of) the MSCI indices. With China’s market cap now nearing $10 trillion (40% of USA’s, up from just 14% last year), we thought a profile of just who is buying Chinese stocks – from plastic umbrella makers up 3000% this year to ponzi schemes like Hanergy. As one middle-aged rural Chinese chap exclaimed jubilantly, “it’s easier to make money from stocks than farmwork.”

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Jun 09

Major Medical Journal Retracts Numerous Scientific Papers After Fake Peer-Review Scandal (ZeroHedge, June 8, 2015):

A major publisher of scholarly medical and science articles has retracted 43 papers because of “fabricated” peer reviews amid signs of a broader fake peer review racket affecting many more publications. As The Washington Post reports, BioMed Central – a well-known publication of peer-reviewed journals – shows a partial list of the retracted articles suggests most of them were written by scholars at universities in China. The Committee on Publication Ethics stated, it “has become aware of systematic, inappropriate attempts to manipulate the peer review processes of several journals… that need to be retracted.” Continue reading »

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Jun 07

xi-jinping-vladimir-putin

De-Dollarization Du Jour: Russia’s Largest Bank Issues Yuan-Denominated Guarantees (ZeroHedge, June 7, 2015):

The unipolar, dollar-dominated post-war world is shifting under Washington’s feet.

Leading the push towards multipolarity and de-dollarization are a resurgent Russia and China, the rising superpower. The demise of the Bretton Woods world order is perhaps nowhere more apparent than in the launch of the BRICS bank and the establishment of the AIIB. These new structures represent a move away from US-dominated multilateral institutions and their very existence suggests that a failure to adapt to economic realities and an inability or unwillingness to meet the needs of the modern world may soon drive institutions like the IMF into irrelevancy.  Continue reading »

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Jun 05

China Blasts Washington’s “Irresponsible”, “Groundless” Hacking Allegations (ZeroHedge, June 5, 2015):

One the heels of last night’s hacking accusations, China has now responded, calling the US allegations “groundless” and “irresponsible.” The breach, which involves four million federal workers, could affect every agency of the U.S. government.

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Jun 02

Snowfall hits Tianshan Mountain in Hami (China) (Ice Age Now, June 1, 2015):

See photos:
http://english.sina.com/china/p/2015/0531/815888.html

Tourists walk past snow covered yurts at a scenic spot in Hami, Northwest China’s Xinjiang Uygur autonomous region, May 31, 2015. Hami witnessed a snowfall on Sunday. [Photo/Xinhua]
http://img.news.sina.com/china/p/2015/0531/U211P5029T2D815888F24DT20150601094824.jpg
Continue reading »

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May 31

FYI.

Related info:

China Backs Putin on FIFA, Slams US


blatter_putin

Yellow journalism, Western political psychopaths and Russia-hating behind FIFA ‘scandal’ (Russia Insider, May 29, 2015):

Try and find any public information that shows that Sepp Blatter is guilty of any of the charges of fraud or corruption that have ever been brought against him. You won’t find it. The only thing Blatter seems to have been “found guilty of” is “political correctness”, aka crimes against Western, liberal, capitalist, secular, atheist, war-loving culture.

For example, Blatter advised gay football fans planning to go to Qatar – a brutal dictatorship supported by the West and ruled by Sharia law, where homosexuality carries the death penalty – to “refrain” while there. That’s pretty good advice in my opinion. Continue reading »

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May 29

BRICS-1

De-Dollarization Du Jour: Russia Backs BRICS Alternative To SWIFT (ZeroHedge, May 29, 2015):

Back in February, Russia detailed a SWIFT alternative that would link 91 domestic banks to the Central Bank of Russia.

On the one hand, the plan represented yet another move towards global de-dollarization but on the other, was borne out of necessity when Russia began to believe it may be expelled from SWIFT as punishment for its support of rebels in Ukraine. Prime Minister Dmitry Medvedev warned of “unlimited consequences” if the West decided on a punitive SWIFT freeze.

Two months later, Moscow would receive a seat on the SWIFT board.

Now, Russia is taking de-dollarization a step further by suggesting that a BRICS alternative to SWIFT may be in the cards. RT has more: Continue reading »

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May 27

Oesterrreichische Nationalbank

The End Game Continues: Austria Repatriates Gold (ZeroHedge, May 27, 2015):

After Germany and the Netherlands decided to repatriate a substantial amount of gold from vaults abroad to the vaults in respectively Amsterdam and Frankfurt, now Austria is joining the ‘bring our gold home’ movement.

After increasing pressure from the Austrian people on the government and the central bank to increase the ratio of the gold effectively held in the Austrian Central Bank in Vienna, the central bank has finally made the decision to effectively do so. Less than 20% of Austria’s (relatively) sizeable gold reserves were held in its own vaults with the remainder being stored in Switzerland and London. Austria will now remove 63% of the gold from London and transport it to both Switzerland and Austria. This will be an interesting test case to see how long it will take the Bank of England to ship the 140 tonnes of gold (4.5 million ounces) to Vienna, and we dare to bet this will either take much longer than anticipated, or we’ll suddenly see another gold withdrawal from the Federal Reserve which will very likely be the magical 125-150 tonnes number. Continue reading »

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