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InvisibleLunarEclipse
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: Stonehenge]
    #21826782 - 06/19/15 05:23 AM (8 years, 7 months ago)

China Shanghaied again, index off over 6% in a day, now in "correction territory" according to CNBC.


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Anxiety is what you make it.


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Offlineqman
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: memes]
    #21827220 - 06/19/15 08:47 AM (8 years, 7 months ago)

Quote:

memes said:
when the dollar was super cheap you were saying 'the people making big profits from the status quo aren't willing to do it' (regarding raising teh value of the dollar).

said they were printing cash to inflate away our savings and increase their wealth to new amazing heights. 








damn those people making big profits!  always winning, no matter what!  we just lose!  bah!




Do you acknowledge that China and the US manipulate their currencies to benefit the very rich? 

China has always manipulated its currency, the people that got screwed are US workers, not investors.


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Invisiblememes
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: qman]
    #21828320 - 06/19/15 02:13 PM (8 years, 7 months ago)

i acknowledge the action but not your purported guiding tenants


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InvisibleStonehenge
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: memes]
    #21832461 - 06/20/15 01:49 PM (8 years, 7 months ago)

China is starting to fall apart, they probably need the cash now so more treasury dumping may be next. Will the contagion from the Chinese stock market sell off hit Europe and us markets? Every time we think this is the big meltdown they kick the can a little farther but who knows this time around?

http://qz.com/433012/chinas-stock-market-fell-hard-this-week-really-hard/

China’s stock market fell hard this week—really hard

The Shanghai Composite and Shenzhen A Share stock markets had bad weeks. Really bad weeks. Both lost more than 10% of their market value, and each fell about 6% in Friday’s trading alone. The catalyst for this week’s volatility? Queaziness from abroad (paywall).

Bloomberg had a prescient story about the Chinese equity bubble two days ago (if you ignore that bubble chatter has been following the indices all year), and it highlighted many of the recurring themes that have been echoed over the past few months:

Fueled by record margin debt and unprecedented numbers of novice investors, China’s market capitalization has tripled in the past year to $9.8 trillion. At 84 times projected earnings, the average stock on mainland exchanges is now almost twice as expensive as it was when the benchmark Shanghai Composite Index peaked in October 2007.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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InvisibleLunarEclipse
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: Stonehenge]
    #21835603 - 06/21/15 06:24 AM (8 years, 7 months ago)

China has overbuilt like drunken sailors on a binge.  Their idea of a "real estate investment" is to lease (you never own) an expensive vacant apartment in a high rise.  It's completely unsustainable.  Bring in the UN!


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InvisibleStonehenge
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: LunarEclipse]
    #21865220 - 06/27/15 05:38 PM (8 years, 7 months ago)

I don't know if the grexit is going to cause the financial panic we are concerned about or not. It may, or the world may shrug it off as it has so many other things. Then something totally minor might set the dominoes falling. China is not happy about the world economy being in the doldrums. Their own economy is export based. They export few things besides finished goods and have been quietly importing lots and lots of gold. Smart move but if their economy goes into recession, which it may already be, they don't have much besides exports. No one can count on china being the engine that pulls the world economy.

Bitcoin has continued to creep upward. We will see if paypal starts openly trading it like the rumor says on july 1. If there isn't enough gold to go around, what is the next best thing? Maybe silver but bitcoins shot up a few years back when there was Cyprus in the news. They are pulling euros out of the bank as fast as they can in Greece and what if the euro starts falling? I mean more than it has, its basically been in decline for a long while. If btc goes over 500 i'll sell at least 10 coins, maybe more while waiting for a really good point to dump. I won't shoot for the moon, maybe 5k and all get sold.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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InvisibleLunarEclipse
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: Stonehenge]
    #21874812 - 06/29/15 06:23 PM (8 years, 6 months ago)

Look at the MASSIVE debt that China has officially taken on since 2008, and consider the probably even bigger SHADOW debt, and their glorious recovery starts to look very SHADY. 

Real estate in China has not only peaked, but the ridiculous overbuilding is going to really bite them in the ass.  The stock market is a bunch of novice investors gambling their life savings away on margin.  That clearly won't end well, just like their trips to Macau.


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InvisibleStonehenge
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: LunarEclipse]
    #21875124 - 06/29/15 07:14 PM (8 years, 6 months ago)

LE, I believe you are correct. There has been more smoke and mirrors on that subject than facts. The shadow debt is mostly owed within the country and the banks are backed by the govt. When those leveraged bets go south that shadow debt will come crashing down and may be the catalyst for the rest of their economy to crash. They have slashed interest rates to prevent that but its a band aid over a big wound.

It would be ironic if the worldwide crash started with china, the supposed world powerhouse and rich country. But that might be it rather than Greece so much. Other countries are not importing as much Chinese goods, the debt is catching up with them, and worse times are coming. If the world economy sneezes, china gets the flu.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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InvisibleLunarEclipse
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Re: China is dumping us treasuries. Is this the beginning of the end? [Re: Stonehenge]
    #21875278 - 06/29/15 07:38 PM (8 years, 6 months ago)

Quote:

Stonehenge said:
LE, I believe you are correct. There has been more smoke and mirrors on that subject than facts. The shadow debt is mostly owed within the country and the banks are backed by the govt. When those leveraged bets go south that shadow debt will come crashing down and may be the catalyst for the rest of their economy to crash. They have slashed interest rates to prevent that but its a band aid over a big wound.

It would be ironic if the worldwide crash started with china, the supposed world powerhouse and rich country. But that might be it rather than Greece so much. Other countries are not importing as much Chinese goods, the debt is catching up with them, and worse times are coming. If the world economy sneezes, china gets the flu.




Understand that the IMF/World Bank/Bank of International Settlements (BIS) WANT the worldwide crash, so that "they" can "save us" with more debt and austerity and their one world plans.


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