Watching China Sink

With the US markets closed, the real story in finance this morning is about how the Shanghai Stock Exchange tanked 7.7% overnight.  That would be like the Dow dropping 1,350 points in a session.

So far (knock on wood) the decline has been limited to Shanghai, but the Chinese Hang Seng was down more than 1.5% as well.

Of course, when  deflation is afoot and the end of financial life on the planet comes into view, there will be cheerleading stories around.  We’d recommend skepticism.

European markets seem to be taking things in stride:  Things were generally up when I looked earlier this morning and Japan was up 9-10th’s of a percent, too.  So it’s not like the world’s coming to an end.  Leastwise, not yet.

Healthcare Grabs and Bites

In case you didn’t play along and get healthcare insurance last year, the big bite some people are discovering is that 1% of household income is a bigger number than the $95-penalty crap that people were bandying about trying to get healthcare report enacted.

Politically Correct or Politically Stupid

German authorities have banned an anti-Islamist rally.  Said it was a terrorism threat.

This is exactly how the jihad against the West is going…using our fuzzy-think and political correctness disease against us while events like those in France happen.

Is there an international school of apologists out there somewhere?

Bigger War Looms in Ukraine

How much longer will Russia wait?  We read how the Kiev government has reclaimed key parts of Donetsk, but at some point, Russia is going to pounce.

Don’t worry if the lights go out…that’ll just be the EMP message to the West.

You Know It’s a Holiday When

  • The Federal government gets a day off
  • Parking is free – but only some places
  • Arrests were made at the MLK march in Oakland
  • State offices are closed
  • No bills will show up fresh in today’s mail because there ain’t any
  • The UrbanSurvival column is unusually short.

UPS & FedEx will still be out delivering today…fire, police, and emergency departments are still operating. I hope not to intrude on any of them.

Hold on till tomorrow morning… In lieu of writing much about sports and other holiday trivia, I think I’ll just toddle off to bed and make sure my pillow doesn’t move for the rest of the morning.

5 thoughts on “Watching China Sink”

  1. reminds me of “chicken little” and the sky is falling – or Aesop’s fable about the “boy who cried wolf”. The problem with the ‘boy who cried wolf’ – one day the wolf did come – but no one believed the boy – because he had repeated the cry so many times when it never happened.

  2. George, the France thing, to those who have researched, it appears to be another huge false flag event. I thought you would be too clever/skeptical to get sucked into that one, esp when one looks into the timing and who benefits…as you say George, Everything is a business model.
    cheers steve

    • But oddly..if you watch the video of the policeman being shot (which is banned in France)..the bullet/smoke is in front of the officer. Not only does the officer surprisingly keep his head on his shoulders, but there is no blood either.

  3. The countries that reset first are going to be the countries that recover the quickest. In my study of the Chinese situation, it appears that China is going to deliberately reset their economy, with the recovery quickened by the metal held by individuals (keeps small businesses from failing in massive numbers) and commodities already purchased and held in country. China is currently filling their strategic petroleum reserves. When that is completed, they will be ready to roll. Russia will be right behind them. It’s why the western governments will eventually trigger a hot war in a last ditch effort to stay in power, but Russia will simply destroy the gas pipeline into Northern Europe, and China will dump only a fraction of their usa treasuries onto the market in a fake that will panic the markets, sit back and watch the western economies swirl around the bowl. If the war stays hot for very long, a nuke to contaminate the Saudi oilfields will finish the job. The USA economy goes down last, and will simply never recover until the USA breaks apart in the only solution possible to get out from under the national debt. And don’t be surprised if China demands Federal assets in payment for their usa treasuries. Think of this as reparations for an economic war the USA cannot win.

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