Posted on 08/31/2015 1:40:56 AM PDT by TigerLikesRooster
It looks like China is through propping up its stock market
David Scutt, Business Insider Australia
China’s government, through financial intermediaries, was actively supporting the nation’s stock market through large-scale purchases late last week, but it’s unlikely to last.
According to the Financial Times, the government has apparently abandoned plans to boost stocks through continued widespread buying, instead focusing its attention on punishing those suspected of destabilizing stocks in order to boost flagging investor confidence.
“China’s leaders feel they mishandled the stock market rescue efforts by allowing too much information to become public” stated the FT, citing a leaked document from a senior regulatory officials meeting held Thursday last week.
If true, it will be interesting to see whether the huge gains seen late last week can be sustained, or indeed built upon, in the absence of government support.
(Excerpt) Read more at businessinsider.com ...
Guess they have a Plunge Protection Team too.
I remember seeing notices in the Post Office that aliens (what were they?) must report in. This was how organized we used to be about legal immigrants. Circa 1965.
BTW Obama’s father had to leave his Harvard studies prematurely. Harvard forced him out of the USA because he was making it with the white girls (students) too much and socializing with them too much.
IOW he was here on a visa and got booted out by the INS
______________________
Harvard had asked the Immigration and Naturalization Service to delay a request by Barack Hussein Obama Sr. to extend his stay in the U.S., “until they decided what action they could take in order to get rid of him,” immigration official M.F. McKeon wrote in a June 1964 memo.
http://www.politico.com/story/2011/04/obamas-father-forced-out-at-harvard-053968
As I recall the reason they wanted him deported was because they found out he had more than one wife.
Trump’s been warning about threats to the US from China....how devaluation of the yen was catastrophic to US interests.
You can bet the Chinese are ready for Trump.
Donald better be ready to outmaneuver China.
The buzz is China might do an “Asian Union” w/ its own currency...kinda like EU...but w/ Asian countries.
Never EVER let government get its foot in the door with something like “chipping” people.
If you need a simple lesson with regards to that sort of fiasco just look to the beginning of mandatory seat belt laws and the pious promises of “but you’ll never be able to be pulled over for just that” when it was being sold...
Greater East Asia Co-Prosperity Sphere ....
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