Sipsey Street Irregulars: Meanwhile, back at the house of cards. . . "Doomsday clock for global market crash strikes one minute to midnight as central banks lose control."

Monday, August 17, 2015

Meanwhile, back at the house of cards. . . "Doomsday clock for global market crash strikes one minute to midnight as central banks lose control."

China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.

2 comments:

Chiu ChunLing said...: The most fascinating takeaway from all this is how people are beginning to notice that China's role as "global economic shock absorber" wasn't doing the Chinese economy (or people) any favors over the decades in which the world settled comfortably into relying on China to limit downturns.

Is there anyone that has (or ever had) a plausible theory as to why Beijing would have been doing that other than to be in a position to rip the drive axle out of the global economy at a particularly vulnerable moment?; August 18, 2015 at 5:15 AM
Josh said...: I think the chicoms are being played by the international banksters. When the chicoms sell off tbills to weaken the dollar, the banksters can create chaos in chicom stocks, forcing the chicoms to sell paper gold to get some liquidity and stop their bulk selling tbills. It's also a means to drive the price of gold down when the banksters have no other means. Gold on paper is being forced low right now, but actual metal is getting bought up by the banksters as they tell everyone gold is a horrible investment.

"China's Record Dumping Of US Treasuries Leaves Goldman Speechless"
http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless

"China dumped a huge amount of gold on the market and investors are spooked"
http://uk.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7#ixzz3jCfxHFkN

"Summary
On August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold.
On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold.
In both cases, the purchases are registered as being for the benefit of the bank's own house account, rather than the accounts of customers.
Investors should do as the banks do, not as they say."
http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold

So as you can see, as long as people will still buy paper gold and never call for actual metal, the banksters can glean physical gold from the market at rock bottom prices..... as long as gold and other pm's can be held down via paper.; August 18, 2015 at 4:15 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

Monday, August 17, 2015

Meanwhile, back at the house of cards. . . "Doomsday clock for global market crash strikes one minute to midnight as central banks lose control."

2 comments:

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