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Tag Archives: china
Attention Finally Turns To Saudi Arabia’s “Secret” US Treasury Holdings
Attention Finally Turns To Saudi Arabia’s “Secret” US Treasury Holdings In November of 2014, we announced the quiet death of the petrodollar. The system which underwrote decades of dollar dominance and kept a perpetual bid under USD assets met an untimely demise when the Saudis moved to bankrupt the US shale complex by deliberately suppressing oil prices. […]
2016 Market Meltdown: We Have Never Seen A Year Start Quite Like This…
2016 Market Meltdown: We Have Never Seen A Year Start Quite Like This… We are about three weeks into 2016, and we are witnessing things that we have never seen before. There were two emergency market shutdowns in China within the first four trading days of this year, the Dow Jones Industrial Average has never […]
The Birth Of The PetroYuan (In 2 Pictures)
The Birth Of The PetroYuan (In 2 Pictures) Give me that!! It belongs to the Chinese now! h/t @FedPorn As we previously detailed, two topics we’ve deemed critically important to a thorough understanding of both global finance and the shifting geopolitical landscape are the death of the petrodollar and the idea of yuan hegemony. In November […]
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis Hundreds of millions of people throughout the Western world are being forced to admit an obvious, yet uncomfortable reality. Democracy is dead. Your vote and your voice doesn’t matter. Not at all. No group of people understand this as intimately as the Greeks. They voted […]
We Know How This Ends, Part 2
We Know How This Ends, Part 2 In March 1969, while Buba was busy in the quicksand of its swaps and forward dollar interventions, Netherlands Bank (the Dutch central bank) had instructed commercial banks in Holland to pull back funds from the eurodollar market in order to bring up their liquidity positions which had dwindled […]
We Know How This Ends, Part 1
We Know How This Ends, Part 1 The finance ministers and representatives of central banks from the world’s ten largest “capitalist” economies gathered in Bonn, West Germany on November 20, 1968. The global financial system was then enthralled by a third major currency crisis of the past year or so and there was great angst […]
War On Cash Escalates: China Readies Digital Currency, IMF Says “Extremely Beneficial”
War On Cash Escalates: China Readies Digital Currency, IMF Says “Extremely Beneficial” Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world’s money […]
Goldman Pays Fine For Causing 2008 Crisis As “The Rest of the World Faced Financial Armageddon”
Goldman Pays Fine For Causing 2008 Crisis As “The Rest of the World Faced Financial Armageddon” Editor’s Comment: It’s funny how some criminals – whose actions affect perhaps a handful of people at the most – get the book thrown at them. In fact, so do speeders and code violators and other low level offenders. […]
Bear Necessities
BEAR NECESSITIES “At first sign of crisis, the ignorant don’t panic because they don’t know what’s going on. Then later they panic precisely because they don’t know what’s going on.” – Jarod Kintz. In a crisis, it helps to have good counsel. Investment strategist Mike Tyson is pretty good at summing up the problem: “Everyone […]
Soon Comes The Deluge
Soon Comes The Deluge The robo-machines are now having a grand old time hazing the August lows at 1870 on the S&P, and may succeed in ginning up another dead-cat bounce or two. But this market is going down for the count owing to a perfect storm. To wit, the global and US economies are heading […]
Why This Slump Has Legs
Why This Slump Has Legs We’ve only really been in two weeks of trading in the new year, things are looking pretty bad to say the least, so predictably the press are asking -and often answering- questions about when the slump will be over. Rebound, recovery, the usual terminology. When will we get back to […]
The 21st Century: An Era Of Fraud — Paul Craig Roberts
The 21st Century: An Era Of Fraud — Paul Craig Roberts In the last years of the 20th century fraud entered US foreign policy in a new way. On false pretenses Washington dismantled Yugoslavia and Serbia in order to advance an undeclared agenda. In the 21st century this fraud multiplied many times. Afghanistan, Iraq, Somalia, […]
US Economy – Slip-Sliding Away
US Economy – Slip-Sliding Away Economic Conditions Continue to Worsen It must be China. Or the weather, which is usually either too cold or to warm – somehow the weather is just neverright for economic growth. Surely it cannot be another Fed policy-induced boom that is on the verge of going bust? Sorry, we completely forgot […]
(Re-)Covering Oil and War
(Re-)Covering Oil and War The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- […]
