As we have been saying all along, China is not only planning but is already executing a carefully controlled exit from the fiat system and make way for a return to a financial system that is backed by tangible basket of hard assets.
This is, of course, in line with the global wide movement to get rid of the organized crime group controlling all economies solely for its own whims and delusions of grandeur.
The $28 Trillion Disaster
China has already dumped $100 billion of its $1 trillion of U.S. Treasuries this month and will continue to sell. As the dollar weakens there will be a stampede by foreign investors to get rid of their Treasury holdings as well. The combination of debt that can never be repaid and higher interest rates that no government can afford to pay will create an absolute panic in bond markets. This will of course be very beneficial to gold, just as it was in the 1970s. KWN
China’s Crazy Month Sends Tremors Into Europe Equity Bull Case
The Euro Stoxx 50 Index had climbed as much as 22 percent this year before stalling. Then came August, which spurred a rout that wiped off as much as $8.4 trillion of equity values. Even optimism over European Central Bank stimulus wasn’t enough to keep the region’s shares afloat. Credit Suisse Group AG cut its year-end target on the Euro Stoxx 50 by 10 percent, and Goldman Sachs Group Inc. reduced its allocation to the equities.
The biggest monthly surge in volatility since 2008 spurred a rush to hedge. The cost of bearish Euro Stoxx 50 options has jumped about 50 percent since Aug. 20, relative to bullish ones. Eight of the 10 most-owned contracts are bearish. Bloomberg
The ongoing covert financial war has solicited two major kinetic attacks against chemical storage facilities, one of which was confirmed to be nuclear.
Since 2007, the western economy had already experienced two major meltdowns. The September payment deadlines are what everyone is watching out for.
Will September be the end of the fiat system of the Vatican and end mankind’s debt slavery?
Here’s the AFP article that is virtually confirming China’s covert “plan to exit the market”…
Journalist ‘confesses’ to causing China market chaos: state media
AFP – Monday, 31 August 2015
A financial journalist has “confessed” to causing “panic and disorder” on China’s stock market and inflicting “huge losses on the country”, state media reported on Sunday.
Wang Xiaolu, a journalist with Caijing magazine, was detained by Chinese authorities following China’s recent stock market crash.
Wang was held for fabricating and spreading fake information on securities and futures market, according to Xinhua, a state-run news agency.
According to the report, Wang “confessed” that his “false information” had “caused panics and disorder at [the] stock market, seriously undermined the market confidence, and inflicted huge losses on the country and investors”.
Wang wrote a story in July saying the securities regulator was studying plans for government funds to exit the market.
The China Securities Regulatory Commission (CSRC) quickly denied the Caijing story, labelling it “irresponsible”.
But Caijing said it “defended journalists’ rights to do their duty under the law”, according to a statement posted on its website.
Xinhua reported that authorities had also detained an official from China’s securities watchdog and four senior executives of the country’s major securities dealer for “stock market violations”.
Liu Shufan, an official with the CSRC was held on suspicion of insider dealings, taking bribes and forging official seals, said the report.
Liu “confessed” that he has forged official seals to fake a court ruling on divorce and taxation certificates for his mistress.
Chinese state media regularly carries what it presents as confessions of suspects in high-profile cases.
Formal arrest in China normally comes after some time in police detention, when the case is handed to prosecutors, with trial and conviction almost guaranteed.
The news agency also reported that 197 people have been punished in a special campaign by Chinese police targeting online rumours about China’s stock market, the recent fatal explosions in Tianjin and “other key events”.
No details of the punishments were given, but according to the report, the crimes punished included claiming a man had jumped to his death in Beijing due to the stock market slump, falsifying the number of people who had died in the Tianjin blasts, and circulating “seditious” rumours about China’s upcoming commemorations of the 70th anniversary of the end of World War II.
One of the significant sources of funds for the fascist Nazionist Jesuit Khazarian Mafia is the healthcare industry which registered a whopping $3.09 trillion in 2014, and is projected to soar to $3.57 trillion in 2017, in the US alone.
We can help take down the Dark Cabal by avoiding drugs, defeat any viral attack and scaremongering easily by knowing how to build our own comprehensive antiviral system. Find more about it here.