Jul 23 06:36

Shock report: China dumps half a trillion dollars: “Something is very, very wrong”

We’ve recently reported that China is preparing for something very big in currency markets this October. We then learned that economic models from two very well known financial forecasters are predicting that governments around the world will run into serious problems starting around October 2nd of this year.

Jul 22 15:02

U.S. unlikely to blame China publicly over OPM data breach - officials | Reuters

While it privately points the finger at China for massive hacking into the personal data of millions of federal employees, the U.S. government does not plan to publicly blame Beijing, U.S. officials said on Wednesday.

President Barack Obama's administration is still debating how it should respond to the breaches, which American officials acknowledge were huge and damaging. China denies any involvement in hacking U.S. databases.

Jul 22 12:41

One Way to Handle the Crisis in US-Russia Relations

What we are witnessing is the rise of a new wave of the most dangerous arms race with totally unpredictable consequences.

At the moment it is unrealistic to expect a speedy improvement in US – Russia relations. This is to be regretted, but it is a fact: these relations have reached perhaps the lowest point and are even worse than during Soviet times – a really disturbing development.

The general public is aware that both nations are facing off on the political, economic, and informational fronts. However, they also confront each other in yet another area which is only followed by a narrow circle of experts, though it bears directly on the most important security issues facing the whole planet.

The reference is, of course, to major arms control treaties. These took many years and tremendous efforts to negotiate, and yet they now dissolve one after another.

Jul 22 10:24

China's Record Dumping Of US Treasuries Leaves Goldman Speechless

We then put China's change in FX reserves alongside the total Treasury holdings of China and its "anonymous" offshore Treasury dealer Euroclear (aka "Belgium") as released by TIC, and found that the dramatic relationship which we first discovered back in May, has persisted - namely virtually the entire delta in Chinese FX reserves come via China's US Treasury holdings. As in they are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015.

Jul 21 11:23

UNSC resolution endorses Iran’s nuclear program: Analysts

Soraya Sepahpour-Ulrich : The United States has not changed its attitude towards Iran. Tactics change but goals don’t. Iran has negotiated in good faith but must expect mischief from the U.S.

The UN Security Council (UNSC) on Monday unanimously adopted a resolution endorsing the Iran nuclear deal and paving the way to lifting longstanding sanctions on the Islamic Republic.

– UNSC unanimously votes in favor of lifting Iran sanctions

– All 15 members of UNSC vote in favor of lifting sanctions against Iran

– All UN nuclear-related sanctions against Iran will be removed in 90 days from UNSC approval.

– Any P5+1 country can raise what it considers violation of conclusion.

Jul 21 08:10

New Immigrants from China and India Now Outnumber Immigrants from Mexico

The debate over immigration in the United States has a new geographic direction. No longer is Mexico the leading country for new immigrants into the U.S., according to figures from the U.S. Census Bureau. As of 2013, China and India sent more immigrants to the U.S. than Mexico, Census figures show. About 147,000 Chinese immigrants arrived two years ago, followed by India with 129,000. Mexico was third, sending 125,000 to the U.S.

Jul 21 06:59

China Finally Reveals How Much Gold It Has

For the first time in six years, China has updated the status of their national gold reserves. As part of their move to join the IMF’s basket of currencies, they were asked to come clean on the amount of gold they’ve accumulated in recent years. However, the numbers they’ve given have left investors feeling skeptical.

Officially, they now have 1,658 tons of gold. The last time that number was updated in April of 2009, it stood at 1,054 tons, which is roughly a 60% increase, and places their gold haul above Russia’s. That’s pretty impressive, but it falls far short of what investors had expected. When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported. Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

Jul 20 14:43

China Is Not a Real Market: Greene

Jul 20 10:15

A massive new Chinese supercity rises around Beijing: The new megalopolis, Jing-Jin-Ji, is to cover ground the size of Kansas and have a population about six times larger than the New York metropolitan area

Every morning at 5:30, Liu Desheng joins a dozen retirees waiting for the express bus to central Beijing from this small city in Hebei Province. They stand at the front of the line but never board, instead waiting as bus after bus pulls up, each picking up 50 people from the ever-lengthening line behind the retirees.

Jul 19 19:03

British Royal Nazi Salute – a Sign of the Times

The British royal family is up in arms – excuse the pun – over old video footage that shows the young Queen Elizabeth giving a Heil Hitler salute. A photograph published on its front page by British tabloid newspaper The Sun has caused a storm of controversy, with the British monarchy denouncing it as an invasion of privacy. But the real significance is that the image shows how Western so-called democracies were – and still are – so close to embracing fascism.

There was a consensus among Britain’s ruling class during the 1930s that quietly but enthusiastically endorsed Hitler and fascism as a bulwark against democracy and socialism in particular.

Jul 19 11:16

Hillary’s secret war

Does she really think the American voters will overlook her criminal behavior and put her in the White House where she can pardon herself?

Recently, in conjunction with my colleagues Catherine Herridge and Pamela Browne, I read the transcripts of an interview Ms. Browne did with a man named Marc Turi, and Ms. Herridge asked me to review emails to and from State Department and congressional officials during the years when Hillary Clinton was the secretary of state.

What I saw has persuaded me beyond a reasonable doubt and to a moral certainty that Mrs. Clinton provided material assistance to terrorists and lied to Congress in a venue where the law required her to be truthful. Here is the backstory.

Mr. Turi is a lawfully licensed American arms dealer.

Jul 18 22:19

The Nuclear Agreement; Fantasies vs Facts

Iranians are celebrating the prospects of a long awaited relief from the economic pain that the sanctions had imposed upon the nation. While they blame the United States government for what they believe to have been an unjustified and unfair treatment, they are divided as to what the true motivating factors could have been behind America’s animosity toward Iran.

The majority opinion points to America’s insatiable appetite for a hegemonic control over the region and its energy resources. A much smaller segment of the population comprising of the more educated elites, believe that Israel and its Zionist supporters in the United States have been at the helm and steering America’s foreign policy in the Middle East toward Israel’s preferences, even at the expense of America’s own strategic interests.

Jul 18 03:27

Greece’s Lesson For Russia

Greece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply cannot be trusted. Washington is committed to economic and political hegemony over every other country and uses the Western financial system for asset freezes, confiscations, and sanctions. Countries that have independent foreign policies and also have assets in the West cannot expect Washington to respect their property rights or their ownership. Washington freezes or steals countries’ assets, or in the case of France imposes multi-billion dollar fines, in order to force compliance with Washington’s policies. Iran, for example, lost the use of $100 billion, approximately one-fourth of the Iranian GDP, for years simply because Iran insisted on its rights under the Non-Proliferation Treaty.

Jul 18 03:00

European Council President Tells Greeks That Russia, China Are Their Enemies

Didn't you know: It was actually Russia and China that just imposed an ‘austerity’ program on Greece days after the Greek people had rejected it.

Jul 17 09:16

China Announces Massive 57% Increase in Official Gold Reserves

Now we know why the cartel has mercilessly hammered the gold market over the past 2-3 weeks, as this morning China officially announced a 57% increase in its Official Gold Reserves in May, revising their gold holdings upwards by 604 metric tonnes from 1054 metric tonnes to 1658 in “one month”

Jul 16 14:35

Iran’s Long-Game Diplomatic Strategy

Iran has sought negotiations with the U.S. for two decades, but both Democratic and Republican administrations favored hostility demanded by Israel and Saudi Arabia.

Now that Iran nuclear deal is completed, the attention of Western news media and political commentators is predictably focused overwhelmingly on the opposition to the agreement within the U.S. Congress and from Israel and the Saudi-led Sunni Arab coalition.

That media lens misses the real significance of the Joint Comprehensive Plan of Action, which is that Iran succeeded in negotiating an agreement with the United States that upheld its national right to a nuclear program despite the obvious vast disparity in power between the two states. That power disparity between the global hegemon and a militarily weak but politically influential regional “middle power” has shaped not just the negotiating strategies of the two sides during the negotiations but, more importantly, how they came about in the first place.

Jul 16 14:31

Who’s Next for Berlin’s Financial Blitzkrieg?

The financial terms dictated to Athens over the latest so-called bailout is nothing less than the subjugation of a sovereign country to the dictate of German banks. The troubling question for several European states is: who’s next?

Jul 16 11:12


I urge anyone who reads this to watch the video above called All Wars Are Bankers Wars that will reinforce my stance and opinion into a more digestible understanding of the how and why and greed and inhumanity, as there is far more going on here than I can put into this already over lengthy op-ed and I will now explain why and how we keep the wars going and in doing so make a small cartel of banksters richer… for here is the crux of it all and HERE is an example of exactly how I understand what happens…

Jul 16 04:39

The World Rebukes Netanyahu

In a rare rebuke to his bullying, Israeli Prime Minister Benjamin Netanyahu failed to stop the United States and five other world powers from reaching an agreement to constrain but not eliminate Iran’s nuclear program. Yet, Netanyahu still is dominating how the U.S. public and congressional debate is being framed, with Iran accused of regional “aggression” in four countries.

There is little truth and much exaggeration to Netanyahu’s depiction of what is going on in the Middle East. Yet, the U.S. mainstream media mindlessly reprises Netanyahu’s falsehoods...

Netanyahu’s reference to “Iran’s aggression,” which is now becoming a conventional-wisdom talking point in Official Washington, was curious since Iran has not invaded another country for centuries. In 1980, Saddam Hussein’s Iraq – at the urging of Saudi Arabia – invaded Iran. But Iran has not invaded any of the four countries that Netanyahu cited.

Jul 16 04:34

US/Israeli/Saudi ‘Behavior’ Problems

There is a madness in how the mainstream U.S. media presents the world to the American people, a delusional perspective that arguably creates an existential threat to humanity’s survival. We have seen this pattern in the biased depiction of the Ukraine crisis and now in how Official Washington is framing the debate over the Iranian nuclear agreement.

In this American land of make-believe, Iran is assailed as the chief instigator of instability in the Middle East. Yet, any sane and informed person would dispute that assessment, noting the far greater contributions made by Israel, Saudi Arabia and, indeed, the United States.

The larger issue for the American people is what to do with this insane political-media system that dominates Official Washington. Either these powers-that-be are detached from reality or they are deceitful propagandists who think they can manipulate us with lies and distortions.

Jul 16 04:27

A Review of GAZA WRITES BACK — Gary Corseri

I have sometimes thought that if wars could be shown in slow-motion, we could put an end to this barbarism that gives the lie to all claims of “civilization” and “humanity.”

GAZA WRITES BACK is one of those very rare books that depicts war in slow motion.

The 23 stories here, written by 15 young authors (from late teens to early 30s, all but three female) were compiled to commemorate the 5-year anniversary of “Operation Cast Lead”—the name Israel gave to its 2008-2009 campaign to once more (but not finally) “mow the lawn” in Occupied Palestine—mostly, in this case, in Gaza.

It is a book that vivifies and personalizes the horrors, but also adumbrates the gnawing losses, the indelible memories.

Jul 15 13:52

Washington’s hypocritical denunciations of Chinese “land reclamation” in the South China Sea

A central component of the US-led provocations against China this year has been the Obama administration’s claims that Beijing’s “land reclamation” activities in the South China Sea constitute a threat to “freedom of navigation” and “security and stability” in the region.

Jul 15 12:41

US ‘Shot Itself in the Foot’ by Pushing Russia Toward China

Jim Rogers said that China, Korea, Japan, Taiwan, Hong Kong and Singapore are where all the money is, while the US and Europe have become the largest debtors.

Jul 15 10:54

So You Think Military Intervention is a Good Idea?

And just in case you are one of those poor government or media people who are not as well educated in history as the average American citizen, here is a comprehensive but by no means complete list of just how many times We The People have been made total fools of by the US Government and the corporate media.

Optional Banner: 
WRH Exclusive
Jul 15 07:52

China Intercepts U.S. Restrictions with Homegrown Supercomputer Chips

System designer for the multiple iterations of the Tianhe machines, Dr. Yutong Lu, revealed this week that the Tianhe-2 supercomputer, which raked in yet another number one placement by a long stretch on the bi-annual list of the top 500 most powerful supercomputers, will be receiving its upgrade in the following year. However, due to the trade restrictions, they won’t be boosting their supercomputer with more Xeon Phi cores. Rather, the novel architecture they developed will deliver the system the extra 45 petaflops it needs to continue its reign at the top of the list for the foreseeable future.

Jul 15 07:27


Jul 14 15:03

Report urges closer US-Australian military collaboration against China

A major think tank report launched yesterday in Sydney advocates the further consolidation of US-Australian military cooperation to maintain American dominance of the Asia Pacific and to counter the growing economic and strategic influence of China within the region.

Jul 14 07:15

Putin Leads BRICS Uprising

Let’s cut to the chase: Leaders of the BRICS (Brazil, Russia, India, China and South Africa) realize that global security cannot be entrusted to a country that sees war as a acceptable means for achieving its geopolitical objectives. They also realize that they won’t be able to achieve financial stability as long as Washington dictates the rules, issues the de facto “international” currency, and controls the main levers of global financial power. This is why the BRICS have decided to chart a different course, to gradually break free from the existing Bretton Woods system, and to create parallel system that better serves their own interests.

Jul 10 16:16

China Reveals The Perils Of Leverage

Jul 10 12:27

Rickards: Greece? Yes. China? No.

Jul 09 12:35

China’s Great Depression Nears?

Jul 09 10:00

Suspected hostile short-selling behind sell-off in China markets

A recent sell-off in China's stock markets is the first major challenge facing the country since the introduction of margin trading, and is believed to have been caused by hostile short-sellers.

In a report on the Chinese news site, an analyst said the sell-off was similar to what took place in Hong Kong in 1997, when the territory's benchmark Hang Seng Index plunged 60% after peaking at 16,673 points.

The steep drop in share prices in Hong Kong in 1997 was caused by financier George Soros, who shorted both the Hong Kong dollar and the Hang Seng Index futures, the analyst said, adding that similar practices were observed in the last two trading sessions in China.

Webmaster's Commentary: 

So, it was an attack with a weaponized stock market!

Jul 09 08:44

Video: Chinese Economy Running Off the Cliff and There is Nothing Beneath It

Rob Johnson, of the Institute for New Economic thinkiing says the Peoples Bank of China is behind the market plunge.

Jul 09 07:59

Mackinder Reincarnates–Now Hungary Joins Silk Road

The magnetic force field pulling more EU countries to link up with the emerging Eurasian economic colossus is growing by the day as the economies of the EU sink deeper into debt, depression and economic stagnation. The latest intriguing development is the formal agreement of the Hungarian government to become a part of the routes of the China New Silk Road Economic Belt, a network of high-speed railway lines along the historical medieval silk road across Eurasia to Europe.

Jul 09 07:09

China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge

Here is a brief sample of some of the measures the Chinese government and the PBOC have unleashed in just the past ten days to prop up the crashing market include:

a ban on major shareholders, corporate executives, directors from selling stock for 6 months
freezing more than half (1400 at last count per Bloomberg) of the listed companies from trading,
blocking fund redemptions, forcing companies to invest in the market,
halting IPOs,
reducing equity transaction fees,
providing daily bailouts to the margin lending authority,
reducing margin requirements,
boosting buybacks
endless propaganda by Beijing Bob.

Jul 09 03:55

The really worrying financial crisis is happening in China, not Greece

While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

Jul 08 09:17

Greece – The Triumph of Democracy – the first day of a New Beginning

Congratulations! – With a resounding “OXI” = “No” – with 61% the Greek rejected the troika imposed austerity. They joined a majority of economists worldwide, including from the IMF, who also know that austerity doesn’t help recovery – and certainly doesn’t wipe out debt, the noose around a country’s neck.

But – what does the decisive no-vote mean for the 39% yes-voters? – Do they want more of austerity? – Hardly. Or were they manipulated with fear-mongering by the mostly privately owned western media, which also dominate Greece?– Blackmailed by the threats of Brussels? – Were they afraid of what’s next? – Western presstitute media propaganda for a “yes” vote, spiked with fear, threats and purposeful confusion was horrendous.

Jul 08 09:14

Greece: The Pearl Cast Before Swine

The Greece referendum was a victory, and a victory can do wonders even to wet and wobbling leaders. It would be a shame to cast the pearl of Greece to the banker swine.

How to beat banksters at their own game?

Jul 08 06:36

China stock market freezing up as sell-off gathers pace

China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors.

Webmaster's Commentary: 

I am rather amazed that as Greece, Ukraine, Puerto Rico, Detroit, all circle the drain that the stock market in China gets hammered while the west miraculously emerges unscathed. Frankly, I an wondering if we are seeing the weaponization of the stock market to wage economic wear on China. The US goal was to find a way to wreck the Yuan to make it less attractive than the dollar, and the same high-frequency trading that can drive stocks up can be used to drag them down!

Jul 07 20:31

China Shares Fall Sharply Despite Fresh Help From Beijing

Chinese shares fell sharply early Wednesday, even as Beijing scrambled to arrest a three-week selloff.

The Shanghai Composite fell as much as 8.2% at the start of trading. The index is now down 5% at 3546.54. The smaller Shenzhen Composite fell 3.9%. China’s main stock benchmarks have lost more than a third of their value since hitting mid-June highs.

Hundreds of Chinese stocks were frozen from trading Wednesday, with 1,287 companies halted. That represents 45.6% of the constituent stocks of the Shanghai Composite and Shenzhen Composite and $2.5 trillion of market capitalization, according to data from FactSet.

Jul 07 18:28

European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?

A global stock market crash has begun. European stocks are crashing, Chinese stocksare crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too.

Jul 07 17:43


While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

Jul 07 10:09


Jul 06 10:28

China "Crosses Rubicon" With Stock Bailout; BofA Says PBoC Risks "Hurting Its Credibility"

Earlier today in “Panic: China Central Bank Steps In To Bailout Stocks As Underwater Traders Pray For A Rebound,” we noted (without much surprise) that the PBoC has officially taken the plunge. Late on Sunday, the China Securities Regulatory Commission announced that China’s central bank is set to inject capital into China Securities Finance Corp which will in turn use the funds to help brokerages expand their businesses and reinvigorate stocks. Translation: China’s central bank is now underwriting brokers’ margin lending businesses.

Jul 06 10:16

Hillary Clinton slams China while Chinese bash U.S. allegations of hacking

During an Independence Day campaign rally in New Hampshire, Democratic presidential hopeful Hillary Clinton accused the Chinese of stealing corporate secrets and pilfering U.S. government information. She received a chuckle from the assembled crowd on Saturday when she said that the Chinese were trying to "hack into everything that doesn't move in America."

But Chinese government officials on Sunday, through their state-run newspaper Xinhua, claim that there is a new wave of "China-bashing" in the U.S. by political leaders, the latest accusation being that China is responsible for the recent hacking into U.S. federal computer networks. The news service's editorial board claims these unfounded accusations are may have harmful effects on future Sino-U.S. relations.

Webmaster's Commentary: 

I'll wager a Euro that Hillary will next claim that the Chinese planted all that incriminating information on her private server!

Jul 06 08:39

Panicked Chinese Government Imposes Desperate Measures to “Aggressively” Rescue a Lot More Than Just Crashing Stocks

“When our national economy is in its worst shape in more than a decade and many corporates have run into trouble, our stock market suddenly shot up to make everybody happy,” George Chen, Managing Editor for the International Edition of the South China Morning Post, wrote in mid-April.

Webmaster's Commentary: 

The US Government uses our stock market for the same purpose; to lull people into a false sense that everything is okay.

Jul 06 08:07

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States.

Jul 05 13:55

Panic As China’s Market’s Crash

Jul 05 08:20

Panic: China Central Bank Steps In To Bailout Stocks As Underwater Traders Pray For A Rebound

China’s equity miracle — the one bright spot that has so far served to distract the masses from rapidly decelerating economic growth and a bursting real estate bubble — is in deep trouble.

A dramatic unwind in unofficial margin lending channels such as umbrella trusts and structured funds which have together served to pump some CNY1 trillion into a market that was already red-hot, sparked and perpetuated a 30% decline in the space of just three weeks, pushing Beijing into panic mode and prompting simultaneous policy rate cuts along with a variety of other measures designed to stop the bleeding.

Jul 04 05:40

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States.

Jul 03 16:16

Chinese stock market has lost £1.5 trillion in the last three weeks

The Chinese stock market has endured a torrid three weeks in which it has lost value equivalent to £1.5 trillion — that's 10 times the size of Greece's annual GDP.

The Shanghai Composite, an index of all stocks traded on the Chinese stock exchange, has fallen 30 per cent since its peak on June 12 following a record-breaking eight-month growth period. It's been the market's worst three weeks since 1992.

In its third straight 'Black Friday,' the market crashed by 3.25 per cent, falling below 4,000 for the first time since April.

Jul 03 13:41

Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States.