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China ..Worth Watching !

Posted by Ororeef @ 23:59 on July 14, 2015  

 

Craig Stephen’s This Week in China Get email alerts

Opinion: How China’s stock-market muddle may spread to wider economy

Published: July 13, 2015 5:52 p.m. ET

Shutterstock/Filipe Frazao

HONG KONG (MarketWatch) — Despite China’s troubled stock markets finding a floor last week, do not expect any quick return to normality.

The dramatic stock rout and subsequent heavy-handed interference by authorities will not be easily forgotten. It has not just rattled investor confidence, but also damaged the political credibility of President Xi Jinping.

For China’s legions of retail investors, the heavy losses have been compounded by wholesale stock suspensions — with half of Shenzhen and Shanghai stocks still not trading. This is a likely to fuel anxiety so long as investors are trapped in stock positions with no liquidity.

It is also likely to lead to a sea change in investor mood from only weeks earlier, when some were even selling the roof over their head to buy equities. There may be a nasty surprise when the first post-suspension bid prices come in.

Albert Edwards at Société Générale highlights the experience in 2008, when Pakistan suspended trading on the Karachi Stock Exchange to try to “put a floor” under stocks after a share-price slump. This episode left authorities’ reputation in tatters, and when the market reopened, it quickly lost another 52%.

For foreign investors, many of the bizarre interventions by Beijing last week will have raised a number of other, more fundamental questions about the competence of China’s leadership and the true state of the economy.

One area of renewed uncertainty is the ongoing policy commitment to allowing market forces to play a larger role in the economy, a part of Beijing’s larger reform program. The reintroduction of a ban on initial public offerings and spate of stock suspensions set a worrying precedent and will refocus attention on political risk.

This, in turn, will place a cloud of doubt over plans for liberalizing interest rates, the capital account and the domestic bond market. Foreign investors are likely to think twice as they face the risk that the government may simply suspend reforms if prices start going against them. These recent actions suggest the voices of conservatives opposed to market reforms are in the ascendancy.

Perhaps the more worrying take-away is that Beijing’s panicky policy actions may reveal that the economy is in worse shape than is being let on.

The scale and intensity of intervention have drawn parallels with the way governments around the world clamored to shore up the financial system and key companies in the aftermath of the Lehman Brothers collapse and ensuing financial crisis. The big difference then, however, was such moves were meant to protect against systematic risk in the financial system.

The reason the banks are so important — and face greater regulation than do most sectors — is because no other industry has the potential to “blow up” the whole economy. Hence, authorities are justified to stand behind these “too big to fail” institutions.

But intervening to support stock prices is not the same as intervening to make sure individuals do not lose their bank deposits.

This behavior will reinforce suspicions that China’s actual economic situation is worse than reported, given that the government sees potential for systematic risk through contagion from the stock rout.

One factor that may drive such contagion is the large role that margin financing has played in the recent stock-market rally. Most attention has focused on the exposure of individuals, which may not be large enough to create systematic problems.

But there has also been speculation that corporations have become involved in margin trading by using their own stock to obtain bank loans. This would put them in a highly vulnerable situation, as the companies too could face margin calls from banks. It might also explain why so many companies have asked for their stocks to be suspended, as some might face the possibility of banks liquidating their shares.

The other way the equity rally impinges on wider systemic health comes from the way the market has been used in some cases as part of bigger plans to recapitalize debt-laden companies and banks. If we do have an extended bear market, expect the window for new listings to close.

While China is not unique in having a stock-market downturn along with high levels of public and private debt across the economy, the reaction of the authorities suggests they either see a serious risk of contagion or have just lost control.

The difficulty for investors going forward will be anticipating Beijing’s next move. Until there is policy clarity and a fully tradable market, anxiety will linger. Already reports have emerged that wealthy Chinese investors are again targeting property markets in the West to seek safe havens away from the domestic stock market.

If more investors worry about money becoming trapped in China, this could easily lead to further hot-money outflows. In that case, we could quickly see stress in Chinese shares spreading to currency markets, with a risk of yuan USDCNY, -0.0177%  depreciation.

 

 

1000’s of smart meter fires: whistleblower & court evidence (2015)

Posted by silverngold @ 22:24 on July 14, 2015  

Friend posted this.

Posted by goldielocks @ 20:57 on July 14, 2015  

It brings me no joy to tell you another doctor has been found dead with a gunshot wound to her head. in Southern Georgia. This brings the total to 4 doctors killed from Florida or Georgia in less than a month and 4 more currently missing. that brings the total to 9 doctors missing or dead in less than a month. My heart goes out to ALL families. I do not know if she was alternative based, the other three most definitely were (outspoken alternative and prominent) She was only 34. http://www.healthnutnews.com/breaking-4th-doctor-an-md-found-dead-gunshot-wound-to-head/

Sorry Ororeef

Posted by Buygold @ 20:55 on July 14, 2015  

Still don’t get how that helps gold. China devalues, USD strengthens, gold in USD goes down. Demand is meaningless to miners because they sell in USD’s – they go down.

Sorry, still don’t understand why it is important to gold that China devalues. May be important to gold in Yuan terms, if you’re Dennis Gartman.

Bottom line is that gold has zero importance unless you have a weak fiat currency OR more importantly, some large country backs their fiat with gold.

The banksters have it fixed.

IRAN

Posted by Floridagold @ 19:17 on July 14, 2015  

barney

238,000 US veterans died waiting for health care – leaked document

Posted by silverngold @ 17:58 on July 14, 2015  

A leaked document shows nearly one-third of the 847,000 veterans in the Department of Veteran Affairs’ backlog died while waiting for treatment, amounting to more than 238,000 patients, according to documents obtained by the Huffington Post.

 

The VA maintains that the number is so large because it has no mechanism to purge the list of dead applicants, and that some of the veterans may have died years ago. VA spokeswoman Walinda West told the Huffington Post that some people on the list may never have completed an application, or could be using other insurance.

 

She said 81 percent of the veterans who come to the VA “have either Medicare, Medicaid, Tricare or some other private insurance,” West said. “Consequently, some in pending stays may have to use other options instead of completing their eligibility application.”

 

The documents came from a VA program specialist, Scott Davis, who has been a whistleblower on the department’s failings in the past. He disputed West’s answers, saying an incomplete application would not have made it onto the VA’s pending list. He added that the department only began electronic health care enrollment in 1998, and that this was when the backlog began. As for the point about veterans using other insurance, he said that was “immaterial and a farce.”

 

VA wants you to believe, by virtue of people being able to get health care elsewhere, it’s not a big deal. But VA is turning away tens of thousands of veterans eligible for health care,” Davis told the Huffington Post. “VA is making it cumbersome, and then saying, ‘See? They didn’t want it anyway.’”

 

 

The documents also show poor record keeping at the agency. In one instance, 2.35 million veterans, whose records amounted to about 13.5 percent of the 17.4 million records total, died but did not have their date of death recorded in the enrollment system. Yet dates of death were recorded in a different information database.

Copies of the document have been sent to the House and Senate committees that oversee the VA, as well as the White House.

 

The VA provides $95 billion worth of entitlements to veterans each year. However, according to the agency’s own figures from 2008, only 36 percent of the 23.4 million military veterans from all wars were receiving benefits and services – about 8.5 million. The benefits and services include healthcare, education and training, disability payments, military pensions to veterans and their surviving spouses, and burial benefits.

 

The disclosure is the latest controversy to engulf the VA since last summer’s scandal at a Phoenix VA hospital that led to congressional hearings. Then-Secretary of Veterans Affairs Eric Shinseki resigned when it was revealed that about 40 veterans had died waiting for timely access to healthcare.

 

The VA’s Office of Accountability Review, which was established in 2014 to promote leadership accountability within the department, is currently handling 80 cases, of which 15 involve whistleblower retaliation.
Source

Don’t Ever Charge a Banker But!

Posted by Auandag @ 16:53 on July 14, 2015  

At a hearing Monday in Manhattan in which he ruled filmmaker Dinesh D’Souza must continue community service for four more years, U.S. District Judge Richard M. Berman said he considers D’Souza’s violation of federal campaign-finance laws to be evidence of a psychological problem and ordered further counseling.

D’Souza’s defense counsel Benjamin Brafman provided evidence to the court that the psychiatrist D’Souza was ordered to see found no indication of depression or reason for medication. In addition, the psychologist D’Souza subsequently consulted provided a written statement concluding there was no need to continue the consultation, because D’Souza was psychologically normal and well adjusted.

But Judge Berman, who was appointed by Bill Clinton, disagreed, effectively overruling the judgment of the two licensed psychological counselors the U.S. probation department had approved as part of D’Souza’s criminal sentence.

“I only insisted on psychological counseling as part of Mr. D’Souza’s sentence because I wanted to be helpful,” the judge explained. “I am requiring Mr. D’Souza to see a new psychological counselor and to continue the weekly psychological consultation not as part of his punishment or to be retributive.
Read more at http://www.wnd.com/2015/07/psych-major-judge-overrides-doctors-on-dsouza/#3yGrEdHywS2WATEL.99

China Bond & Yuan Fund VS $GOLD

Posted by Ororeef @ 16:17 on July 14, 2015  

garbx vs$goldAn inverse corralation exists with China Bond & Yuan Fund  and Cash Gold US.

It appears 3 tops in the Chinese Bond & Currency Fund aligns with 3 bottoms in $Gold US

Natural News: Calif. lawmakers bought off by pharma before pushing SB 277

Posted by silverngold @ 15:51 on July 14, 2015  

Some people call it corruption… others call it “bribery.” California Sen. Richard Pan gladly accepted almost $100,000 from pharma companies before pushing the SB 277 vaccine mandate that forces children to be injected with brain-damaging chemicals.

Pharma doled out nearly $2 million to other California lawmakers who also voted for passing the anti-choice “medical tyranny” law.

Isn’t it amazing how cheaply these people can be bought off by corporate interests?

Read the full story

Pierre Lassonde

Posted by Ororeef @ 15:35 on July 14, 2015  

from Franco-Nevada told us to watch China ,he thought they would start the next move up ..I think he was right !  A Chinese devaluation is HUGH for GOLD  ! Where else will all that Chinese money go …some other PAPER Currency  ?What is happening in China will scare the hell out of the people against PAPER !  Big Real Estate BUST ! in China caused by PAPER leverage ..Stock Crash caused by PAPER Leverage …More assets like minerals have less value with a slowing economy ENERGY proves that  !

INFLATION in CHINA is the END GAME !

China

Posted by Ororeef @ 15:27 on July 14, 2015  

Devalue to push EXPORTS up ..they are rapidly falling !

Gold is money ! a store of value to keep your gains from prior boom..

Chinese have an affinity for Silver  (poormans gold)their history shows!

Chinese Stock market down 30 % from top ..Currency usually follows a countrys stock market!  ..A 30 % drop could be pending for the Yuan ,so the mid class needs to buy protection from a currency drop ..Silver may be their choice or Gold for those with bigger bucks!

Maddog, Ororeef

Posted by Buygold @ 15:09 on July 14, 2015  

Not sure what they mean by splitting the vote for Hillary unless she’s trying to run against Jeb Bush which would likely be an easy win for her.

Our politics here are such a joke.

Ororeef – not sure I understand the concept of devaluing AND turning to gold.

Devaluation is the same old Keynesian program.

Will China Devalue ?

Posted by Ororeef @ 14:50 on July 14, 2015  

CHINA GOLD, YUANThis chart compares China Gold and China Yuan ..Will they crossover again ? Are the Chinese turning to Gold and devalue at the same time ….YEAH BABY   !

Here’s why Obama and Hillary must stop Donald Trump at all costs

Posted by Maddog @ 14:28 on July 14, 2015  

http://personalliberty.com/heres-why-obama-and-hillary-must-stop-donald-trump-at-all-costs/

Hell he might even close down the PPT !!!!!!!!!

Buygold

I listened to yr link ystdy…powerfull stuff from the Donald… a breath of fresh air.

Zerohedge are surely stretching conspiracy too far, to say he is in to split the GOP vote for Hellary.

China turning to Gold ? Yeah Baby !

Posted by Ororeef @ 14:23 on July 14, 2015  

china gold

Question the news.

Posted by commish @ 13:48 on July 14, 2015  

Unreal

Posted by Moggy @ 12:09 on July 14, 2015  

NAACP Wants Stone Mountain Confederate Generals Sand-Blasted Off, Mount Rushmore Next?

Largest bas relief sculpture in the world could be destroyed in the name of political correctness.

 

And just last night I was thinking they would demand that the book and the film Gone With The Wind be burned.  Southerners should be up in arms about this nonsense, these crybabies will never be appeased.

Are Greeks as tough as Brazilians or Argentinians?

Posted by Portugeezer @ 10:53 on July 14, 2015  

If they had to start all over with a clean sheet, it would be easier for the Greeks than for the South Americans over the last 50 years.

According to the tables, Greece has Gold.  The South Americans only had U.S. paper in their reserves.

http://www.zerohedge.com/news/2015-07-14/complete-humiliation-greek-parliament-pressed-approve-german-coup

Reset, debt forgiveness, the debts are zeroed in exchange for leaving the EU.

A new currency backed by Gold.  Today it might not be worth much, but this time next year?????

Or maybe even next month????  Who knows.  Europe has communal Gold.  Each EU country has Gold. THEY REALLY DO HAVE THE GOLD!

In an emergency, which country or currency would you want to be in?

Start looking around now.  Remember, store your Gold in a secure off-shore location.  Buy property in a relatively safe country.  Find a bolt-hole, just in case.  And if you have children 16 or above, get them out before the conscription to the bummers army starts.

People in the USA are worried that they are losing their possessions to corrupt civil servants without due process.  People outside the USA are being killed by drones without due process.  Countries USA is not at war with.  Where is the outcry??????  What would you feel like if Mexico sent a drone over and killed a couple of Americans – sorry, we meant to kill that Mexican rapist/murderer!  Would you feel like killing the next Mexican you saw?

Message to the bummer – sorry doesn’t cut it!  Killing non-combatant civilian women and children is outright murder and you should pay for it.  If I were you I would think twice before flying anywhere! Karma has its way in the end.

Just a couple of thoughts.  Rich

 

 

late late Coffee this morning

Posted by Floridagold @ 10:41 on July 14, 2015  

coffee4

Sickening!! Was ther ever a doubt?

Posted by Scruffy @ 10:02 on July 14, 2015  

We have a deal. It’s a deal worse than even we imagined possible. It’s a deal that gives the Iranian regime $140b in return for … effectively nothing: no dismantlement of Iran’s nuclear program, no anytime/anywhere inspections, no curbs on Iran’s ballistic missile program, no maintenance of the arms embargo, no halt to Iran’s sponsorship of terror.

It’s obviously a very good deal for the Iranian regime. It’s a very bad deal for America. So Congress should rise to the occasion. Congress should engage in a full and comprehensive debate; Congress should then pass a resolution of disapproval; Congress should then override President Obama’s veto, and return America’s Iran policy to dealing from a position of strength rather than supplication.

If this happens, historians will look back and say July 14, 2015, was the bottom, the nadir, from which America went on to recover. If Congress cannot override the president, the recovery will have to begin a year and a half from now, but from a deeper hole, a worse position for America, the Middle East, and the world.

Either way, this deal cannot stand.

 

Comment: So on tonight’s news, we will be treated to the propaganda and lies we have come to expect from this dysfunctional incompetent in the pale house.

Gold Train

Posted by Maya @ 9:38 on July 14, 2015  

folder_xing1

When you find yourself deep in a canyon riding a gold
train on a hot summer day… Go Topless!
http://railpictures.net/photo/538204

 

Well this is interesting

Posted by Scruffy @ 8:52 on July 14, 2015  

Iranian court?

Posted by Portugeezer @ 8:52 on July 14, 2015  

The bummer is currently on Google Earth looking up the coordinates!

Others are loading up a drone with a mini nuke and a load of pigskin offcuts.

Just passing on what I’m hearing on the grapevine.  Rich

 

 

Now where will we ever get the $s to pay this?

Posted by Scruffy @ 8:36 on July 14, 2015  

An Iranian court on Monday issued a ruling fining the United States $50 billion for purported damages against the Islamic Republic and its citizens, according to an announcement by Iran’s Judiciary.

Iran claims that the United States is guilty of inflicting “heavy loss and damage” on the country, as well as “killing the Iranian nationals by assisting their enemies,” such as former Iraqi dictator Saddam Hussein, according to Iran’s state-controlled Fars News Agency.

The ruling charges “the U.S. administration with the payment of a total 50-billion-dollar fine for the losses it has incurred on real and legal entities,” according to Fars.

A spokesman for Iran’s Judiciary was quoted as saying during a press conference in Tehran that “those who had filed a lawsuit against the U.S., their complaints have been processed.”

Specific names of those leveling these charges were not released.

Following a supposed court hearing and judicial review, “the Iranian courts have issued verdicts against the U.S. administration that charge Washington to pay a total $50bln to compensate for a part of the losses it has inflicted on Iranian legal entities and real persons,” Fars reported.

The report goes on to accuse the United States of aiding “different terrorist groups against Tehran.”

 

My guess?  The Obummer suggested a bribe to get Eye ran to sign ANY agreement so he could call the pig a prize bull and sell it tp the sheeple.  Eye ran thinks its a good solution. They lie about going Newk and have enough to bo buy a poop load from the N coreaens.  Alternatively all involved are dums#|t politicians and ideologues.

Ororeef

Posted by Portugeezer @ 4:36 on July 14, 2015  

Forget Al Gore.

We have the bummer.

It’s only the laws of fysics (American spelling?) you are discussing.

The bummer can change the law with one presidential decree.

Problem solved.

Rich

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.