AUG 26 SIT EC y POL
GLOBAL RESEARCH: China
Financial Markets “Carefully Rigged”. Instruments of Stock Market Manipulation By Prof Michel Chossudovsky
We have to look at the broader picture; from August of last
year to approximately the end of June, the value of the Shanghai stock
exchange, the composite index, increased by approximately 150 percent and then
it started to collapse. This has all the features of a carefully planned
rigging of financial markets where speculators push up the values of the stock
market and then ultimately push them down. It is a well-known process that’s
called ‘pump and dump’: artificially inflating the price of stock and then
selling at inflated prices and then gathering profits subsequently when it goes
down again.
CHECK VIDEO INTERVIEW AT:
MY COMMENT:
In my opinion the central point is the over production of
goods or merchandise based on cheap –semi-slaved Chinese labor, and this also
involves the corruption of power at both levels, China –US big corp, and the mega
& micro wars, beyond the currency one. .. We can stop the planned rigging
of financial markets by nasty speculators and put them in prison as China is
doing it.. while America is doing just the
opposite.. and it won’t solve the main problem of capital-labor gap & its explosive
contradiction .. Our nation took advantage of un-expensive goods coming from
China.. The owners of our country –big bankers &
associated Corp- did not raise the salary of our working classes. .. That is over. . The neoliberal system is obsolete, is based in
financial fraud, speculation & greed .. we need a new system to stop the
coming recession.. We need a NEW DEAL at world level .. with an updated version
of the Glass-Stegall ACT from FDR. Hugo Adan. August 26, 2015
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ZERO HEDGE
Both the stock market and oil prices have been plunging. Is
this “just another cycle,” or is it something much worse? We think
it is something much worse...
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China
& The Return Of The "Yellow Peril" - The Muddled Economics Of
Scapegoating. Submitted by Tyler
Durden on 08/26/2015 [Return Of The "Yellow Peril"?.. it sounds a xenophobic
attitude ]
BUT .. “the reality is that the policies of our
own rulers limn those of the Chinese: pump-priming the currency, flooding the US
economy with money, and creating massive bubbles is something they learned from
us. And those policies are having the
same effect here as they are having in China”.
[[ HOWEVER “China is a society that is on the
edge of coming completely unglued.” [Are we a society on the
edge of coming completely glued?.. with a State using drones against its
society .. Check this: North
Dakota Becomes First State To Legalize Drones Weaponized With Tasers, Tear Gas,
Rubber Bullets & Sound Cannons ]]
[ THOSE WHO LOVE XENOPHOBIA
& “THE YELLOW PERIL” may enjoy these stupid questions: 1- What
Would Happen If Everyone Joins China In Dumping Treasurys? . 2- Bill
Gross Asks The $64 Trillion Question: Is China Dumping Treasurys? He knew that China love the flexibility of
those papers and they are using them in the toilet .. Why not? .. it has to be
useful for the holy sh.. at least.
OR this hypocritical
fear: "I
Fear For The Chinese Citizen" showing a tank about to run over a citizen
.. My final critical
question is: are
we one of the unglued nation to the
global house?]
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China
Loses All Control: Arrests Journalist, Financial Executive Over Market Crash. Submitted
by Tyler Durden on
08/26/2015
[ China arrest a journalist.. We kill them .. Who loses all
control? ]
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Virginia
Reporter, Photographer Killed During Live TV Report; "Disgruntled
Employee" Gunman Tweets Attack, Shoots Himself. Submitted by Tyler
Durden on 08/26/2015
[ Alison Parker -ABC 13 reporter- & her cameraman were
shoot in cold blood in Virginia. They
were simple workers, not the owners of a particular corporate media, so this is
an attack to the freedom of Press in America. I tried to open previous reports
from Allison to get a sense of possible motives.. I couldn’t get it. Does it
means that we have to swallow the usual “corporate lies”?. We need an
investigation of the “shooting himself” of the shooter. Justice has to be
done.. The fate of Press in America is at stake. “Vester Lee Flanagan - aka Bryce Williams -
the gunman who killed two journalists during a live broadcast in Virginia has
attempted suicide and is "in a very critical condition", media
report.” We hope he don’t die and speak out the motives of his action ]
[[ THE LATEST FROM THE CORPORATE MEDIA: the murder
carefully planned his assassination.. but in his “Suicide Note for Friends and Family” he states:
·
He
says has suffered racial discrimination, sexual harassment and bullying at
work.
·
He
says he has been attacked by black men and white females.
·
He
talks about how he was attacked for being a gay, black man
THAT
IS: a
perfect argument for insanity.. plus religious “hate” and ideological evil
influence from the Muslim Farrakhan. Check this article: Virgina
Killer Sent "Suicide Note" To ABC, Says Massacre Is "Race
War" In Reaction To Charleston Shooting . ..
What a way of covering up an attack to the US Press ]]
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What
If The "Crash" Is As Rigged As Everything Else?. by
Charles Hugh-Smith of OfTwoMinds blog . Submitted by Tyler
Durden on 08/26/2015
Take your pick -
here's three good reasons to engineer a "crash" that benefits
the few at the expense of the many. [ The fact that there are beneficiaries of
this crisis, doesn’t mean that there is NO crisis ]
Let’s check Charles Hugh-Smith
logic:
Why would "somebody" engineer a mini-crash and
send volatility to "the world is ending" levels? There are a couple
of possibilities, he said.
1. The Shock Doctrine. Naomi Klein's landmark study of how manufactured crises are used to
justify further consolidation of power, The Shock Doctrine: The Rise of Disaster Capitalism,
provides a blueprint for how financial crises set the stage for policies that
extend the power of central and private banks and various state-private sector
players.
[ FACT: Naomi Klein didn’t pay much attention to the issue
derivatives, hedge funds and other financial tricks that the China’s case is
showing up ]
2. A "crash" engineered to set up a buying
opportunity for insiders. When easy gains get scarce, what better way
to skim a quick 10% than engineer a "crash," scoop up shares dumped
by panicked punters and momo-following HFT bots spooked by "the world is
ending" VIX spike, and then reverse the "crash" with another
round of happy talk?
[ FACT: The buying & selling didn’t stop but all indices fell down. The crisis is
more complex than mere trade. The central point is the over production of goods
or merchandise based on cheap –semi-slaved Chinese labor, and this also
involves the corruption of power at both levels, China –US big corp, and the mega
& micro wars, beyond the currency one. The “crash” was not yet averted but China is trying hard .. we depend
on their success or their failure .. China is still the engine of the
neoliberal system .. What happens recently took them by surprise.. Nobody knows
when that “crash” will come again since the labor salary worldwide had been
pushed down thanks to the cheap merchandise coming from slaved labor in China
and other countries in Asia.. Every country is taking their own precautions
according to their economic rulers .. Perhaps Germany will survive this crash
because the capital-labor relations is more fair than in other countries in the
West... Even if the West manage to put
together one single plan to stop the next “world recession” (a minimum salary worldwide, for instance) .. nothing warrantee that the plan will be
implemented .. And this phenomena has little to do with the “conspiracy” of
potential benefactors ]
3. Settling conflicts within the Deep State. I
have covered the Deep State for years, in a variety of contexts--for example:
Is the Deep State Fracturing into Disunity? (March
14, 2014)
The Dollar and the Deep State (February 24,
2014)
Surplus Repression and the Self-Defeating Deep State (May
26, 2015)
Without going into details that deserve a separate
essay, we can speculate that key power centers with the Deep State have
profoundly different views about Imperial priorities.
[ This is not an argument in favor of “crash as rigged” for super-power
actors inside the system. The “deep state” main priority supposed to be keeping alive the
US empire. To get it, the interests of the FED, the States and The Nation as a
whole should be safeguard from the private “greed” and particular interests of
big Corp. There is not evidence that such an agreement have been rich so far at
the level of economics .. perhaps only the common sense that “world recession”
is coming and all big banks & corporation will be affected & the Nation
as well. So, we need an FDR plan to save America, another huge DEAL, a new
adaptation of the Glass-Steagall ACT and the political will to set-up the right
political actors to implement such plan. In this aim, the by-partisan system is
a trap. We have to go beyond Dems & Rep and open the chance for a third
option. This is the right time to do it. If the Deep State is not divided.. that
is their task ]
IN SHORT:
[ The “everything else” in the title includes the author &
the content of his article. .. FACTS PREVAIL: 1st, the nasty
intervention of US speculators in China’s market; 2nd The correction
attempt of China’s authorities recognized as positive by US economist and even
the IMF. 3rd The reality of the crisis we induced in China’s
economy: the overproduction of commodities while keeping the purchase power of
people very low, the gap between salaries inside China and outside in the world
neoliberal market is an explosive tic-tack-bomb ready to spark a huge world
economic recession that will be impossible to stop it. 4th The
effects of this lethal contradiction & the spread of the current crisis is still a process that we all can see it on.. now ]
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During Monday's flurry of tripped circuit breakers and
flash crashing mayhem, ETF investors learned the hard way that Howard Marks was
precisely correct when he warned that ETFs "can't be more liquid than the
underlying and we know the underlying can become highly illiquid." The question now, is whether subsequent flash
crashes will trigger even more spectacular divergences between fair value and
ETF unit prices on the way to proving, once and for all, that ETFs may indeed
be the new financial weapons of mass destruction.
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China
Stunner: Real GDP Is Now A Negative -1.1%, Evercore ISI Calculates. Submitted by Tyler
Durden on 08/26/2015
Courtesy of Evercore
ISI, which using its own GDP equivalent index - the Synthetic Growth Index
(SGI) - we get a vastly different China GDP result from the official one,
namely Chinese growth of -1.1% annually. Or rather, contraction.
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1000s
Of Political Figures Are Stashing Cash In Swiss Accounts, Foreign Ministry
Admits. Submitted by Tyler
Durden on 08/26/2015
In spite of all the
attention the nation has received in recent years, SCMP
reports thatthousands of so-called "politically exposed
persons”, or PEPs - a category that includes heads of state and other top
officials - hold Swiss bank accounts, a Swiss foreign ministry
official said. But, perhaps not for much longer as Bern aims to finalize
a law aimed at simplifying the process of freezing and unblocking such funds.
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Is
John Paulson The Biggest Loser From Today's Blown Monsanto-Syngenta Deal. Submitted by Tyler
Durden on 08/26/2015
The size of
Paulson's stake is unknown, however we do know that the top 20 shareholders top
out at about $150 million in SYNN holdings. Assuming a $200 million Paulson
stake, that means that Paulson's paper losses were likely $30-40
million today (depending on the price he build up his stake), losses which may
have been booked if Paulson decided to cash out.
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In
2011, Iran’s output was 3.7 million barrels per day. With the
sanctions, production dropped to 1.2 million barrels per day.
Iran and six world
powers – Britain, China, France, Germany, Russia and the United States – reached
an agreement in July on controlling that program and lifting the
sanctions, probably by early 2016. Oil Minister Bijan Zanganeh has said
repeatedly that his country can quickly boost production by
more than 1 million barrels per day within a month after the sanctions are
lifted.
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Google delivers its verdict... See image URL: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08-overflow/20150826_chinais.jpg
And here is how Hong Kong sees
China...
George Chen: Wow! Hong Kong media declare China is already
in economic crisis and its impact will be like "nuclear explosion"
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SO YOU’RE SAYING THERE IS A
CHANCE?
Read more from this Dud: Dudley
Sends Rate-Hike Odds Plunging, Hammers USDJPY, Slams Stocks, and Dudley
Just Killed The Rate Hike: "September Less Compelling; I Hope We Can Raise
Rates This Year"
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"Central
Bankers Look Naked... & Investors Have Nothing Else To Believe In". Via RBS' Alberto Gallo.
Submitted by Tyler
Durden on 08/26/2015
"Policymakers
responded to the financial crisis with easy monetary policy and low interest
rates. The critics — including us — argued against 'solving a debt crisis with
more debt.' Put differently, we said that QE was necessary, but not sufficient
for a recovery. We are now coming to the moment of reckoning: central
bankers look naked, and markets have nothing else to believe in."
SEE IMAGE: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08-overflow/20150826_gallo_0.jpg The Emperor is Naked. Long live the Emperor. The QE infinity Paradox
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Yesterday,
we highlighted what could well have been the catalyst for the collapse late in
the session. SUNE has crashed
in the last two days as the hedge fund hotel which boasts such guests
as Greenlight, Third Point, Glenview, Lone Pine, Fir Tree, Steadfast,
Omega, York, and Canyon, sees mass liquidations, and judging by this
morning's 6% plunge in the face of a notably higher broad market, it
appears the margin-call driven liquidation may be continuing if not
accelerating.
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Following The Dow's recent 'death cross' - when the 50-day
moving average drops below the 200-day - it fell 2000 points. So
will AAPL triggering its own 'death cross' warrant "no brainer"
buying-the-dip or will investors remember what happened in 2012...
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Here
We Go Again: US Equities Surge Even As Chinese Stock Market Rollercoaster
Tumbles To 8 Month Low. Submitted by Tyler
Durden on 08/26/2015
It seemed like finally China's
relentless and increasingly futile attempts to have a green stock close would
work: interest rate cuts, liquidity injections, direct stock interventions,
even threats on the Prime Minister's head, and just to make certain moments
before the close news very deliberately broke that government funds are buying
large financial stocks, especially state-owned banks, to support the index, in
the latest clear signs of government support, the Shanghai Composite seemed on
pace to end an unprecedented series of consecutive tumbles which have dragged
the composite down nearly 1000 points, or 25% in one week, and then... red
close, with the SHCOMP down 1.3% to 2927, and a stunned China watching
in horror as the central bank and government lose control, and everything they
throws at the biggest market bubble of 2015 does absolutely nothing.
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Submitted by Tyler
Durden on 08/26/2015 - 07:33
- Global
Stocks Struggle to Shrug Off China Fears (WSJ)
- Brief
Respite Ends for European Stocks Amid Renewed Retreat (BBG)
- Stock
futures rise after China injects $21.8 billion (Reuters)
- China
turmoil needn't rattle BOJ, yen rise not a worry: Abe adviser (Reuters)
- Stock-Market
Tumult Exposes Flaws in Modern Markets (WSJ)
- Dollar
gains as stocks recover, lessens safe-haven bid for yen (Reuters)
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"Greece’s state insurance funds are resorting to
external loans to cover their needs as fears grow that the measures of the
third bailout will not be enough to cover the rest of 2015’s liquidity
needs."
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"Given the size of foreign holdings of Asian equity
and debt, should foreigners reduce their portfolio holdings by 2-3% over the
course of a month, it would broadly offset the region’s current account
surpluses, leaving their external balances in a shakier position. During
the 'taper tantrum' period, foreigners sold markedly more than 3% of their
portfolio holdings through June and July 2013, highlighting the risk that
portfolio outflows could cause further Asian currency weakness."
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GLOBAL RESEARCH
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The
Greek Elections and the EU Bailout: From Hope to Fear and Despair. Greece’s
National Wealth For Sale. Prof. James
Petras
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Global
Economic Crisis: The Latest Cumulative Impact of America’s Aggressive “Regime
Change” Strategy. Robert Parry
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INFORMATION CLEARING HOUSE
The Honduran Coup’s Ugly Aftermath.
By Jonathan Marshall
Hillary Clinton helped
a right-wing coup in Honduras remove an elected left-of-center president,
setting back the cause of democracy and enabling corrupt and drug-tainted
forces to tighten their grip on the poverty
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AIPAC And
The Treaty; An Illustration Of The Demise of Democracy. By Joe Clifford
The US Congress sold their collective soul to a special
interest group, while forsaking the American people.
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Syrian
Rebels: Turkey Tipped al Qaida Group to U.S.-trained Fighters
By James Rosen, Duygu Gevenc and Zakaria Zakaria
By James Rosen, Duygu Gevenc and Zakaria Zakaria
The kidnapping of a group of U.S.-trained "moderate
Syrians" moments after they entered Syria last month was orchestrated by
Turkish intelligence
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NOTICIAS IN SPANISH
Grecia. Entrevista al exministro de finanzas griego Yanis Varoufakis. “Hemos
traicionado a la gran mayoría del pueblo griego”. Pavlos
Kapantais
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Chile. El militarismo sigue aqui. Patricio Malatrassi
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