Sipsey Street Irregulars: "The apparent weakness in the Chinese economy is radiating out into the world." Roller coaster on Wall Street

Tuesday, August 25, 2015

"The apparent weakness in the Chinese economy is radiating out into the world." Roller coaster on Wall Street

DOW, S&P CLOSE LOWER IN BIGGEST REVERSAL SINCE OCT. 08

See also: From Venezuela to Iraq to Russia, Oil Price Drops Raise Fears of Unrest

3 comments:

Chiu ChunLing said...: http://www.zerohedge.com/news/2015-08-25/devaluation-stunner-china-has-dumped-100-billion-treasurys-past-two-weeks

This is the real reason that Beijing is crashing their fake market. They need a way to use their giant treasury trove to undermine confidence in the dollar without obviously dumping it for no reason.

Signs suggest that this divestment will be accompanied by indirect military challenges to U.S. dominance in the next month or two, and a direct challenge soon after. They are probably betting that Obama will fold like used toilet paper...but they aren't counting on it. I'm guessing that they are coordinating with the established ex-Soviet propaganda machinery to activate the fifth column in Western nations, so expect an increase in feminist and BlackLivesMatter shrieking about white 'cis-male privilege' as things get worse.

Also, they are likely to blow the lid off the fraudulent suppression of gold, if they can find someone else to blow that whistle. Or it might come out itself as the paper gold schemes unravel in the global market.; August 26, 2015 at 12:26 AM
Chiu ChunLing said...: http://thediplomat.com/2015/08/why-did-china-amass-tanks-at-the-north-korean-border/

"If China did indeed send its forces to the border to help intimidate Pyongyang into negotiating an end to current tensions, that would be music to Seoul’s ears. South Korea’s Cheong Wa Dae recently announced that President Park Geun-hye will attend China’s September 3 celebrations of the 70th anniversary of the end of World War II – despite reports that the United States had pressured her to turn down the invitation. At the time, Korean media suggested Park made her decision in the hopes that Beijing would reciprocate by helping encourage North Korea to scale down tensions. The announcement about Park’s trip to Beijing was made on Thursday, just after North and South Korea exchanged artillery fire."

This is very bad news for the U.S. and basically a death-knell for Japan. Particularly given the timing of this event, it proves that Beijing is fully committed to the use of military force to effect international outcomes, and takes South Korea off the list of U.S. allies against which China's military will be demonstrated.; August 26, 2015 at 1:56 PM
Josh said...: Meanwhile the euro and dollar are being viewed as any port in a storm havens by the rest of the world. And amidst utter chaos, slv and gld are dropping or staying level.
Nothing is as it seems.; August 26, 2015 at 2:01 PM

"Progress made under the shadow of the policeman's club is false progress."

I believe that liberty is the only genuinely valuable thing that men have invented, at least in the field of government, in a thousand years. I believe that it is better to be free than to be not free, even when the former is dangerous and the latter safe. I believe that the finest qualities of man can flourish only in free air – that progress made under the shadow of the policeman's club is false progress, and of no permanent value. I believe that any man who takes the liberty of another into his keeping is bound to become a tyrant, and that any man who yields up his liberty, in however slight the measure, is bound to become a slave. -- H.L. Mencken

"The Fate of Unborn Millions. . ."

"The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves; whether they are to have any property they can call their own; whether their Houses, and Farms, are to be pillaged and destroyed, and they consigned to a State of Wretchedness from which no human efforts will probably deliver them. The fate of unborn Millions will now depend, under God, on the Courage and Conduct of this army-Our cruel and unrelenting Enemy leaves us no choice but a brave resistance, or the most abject submission; that is all we can expect-We have therefore to resolve to conquer or die." -- George Washington to his troops before the Battle of Long Island.

"We will not go gently . . ."

This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can't be done? And if we do not try, it most certainly won't be done. The Founders' Republic, and the larger war for western civilization, will be lost.

But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.

And when we are gone, the scattered, free survivors hiding in the ruins of our once-great republic will sing of our deeds in forbidden songs, tending the flickering flame of individual liberty until it bursts forth again, as it must, generations later. We will live forever, like the Spartans at Thermopylae, in sacred memory.

-- Mike Vanderboegh, The Lessons of Mumbai:Death Cults, the "Socialism of Imbeciles" and Refusing to Submit, 1 December 2008

"A common language of resistance . . ."

"Colonial rebellions throughout the modern world have been acts of shared political imagination. Unless unhappy people develop the capacity to trust other unhappy people, protest remains a local affair easily silenced by traditional authority. Usually, however, a moment arrives when large numbers of men and women realize for the first time that they enjoy the support of strangers, ordinary people much like themselves who happen to live in distant places and whom under normal circumstances they would never meet. It is an intoxicating discovery. A common language of resistance suddenly opens to those who are most vulnerable to painful retribution the possibility of creating a new community. As the conviction of solidarity grows, parochial issues and aspirations merge imperceptibly with a compelling national agenda which only a short time before may have been the dream of only a few. For many Americans colonists this moment occurred late in the spring of 1774." -- T.H. Breen, The Marketplace of Revolution: How Consumer Politics Shaped American Independence, Oxford University Press, 2004, p.1.

Sipsey Street Irregulars

Tuesday, August 25, 2015

"The apparent weakness in the Chinese economy is radiating out into the world." Roller coaster on Wall Street

3 comments:

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