China Warns Soros Against Starting A Currency War: “You Cannot Possibly Succeed, Ha, Ha”

George Soros may have broken the BOE and may well have been at least partially to blame for the Asian Financial Crisis, but he will not win an FX battle with the PBoC. At least that’s Beijing’s message to the…

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The Chinese Central Bank Just Pulled A Martin Shkreli

Something very dramatic happened overnight to currency traders who were short the offshore Yuan, or the CNH: they were crushed  by the Chinese Central Bank. Specifically, as we reported last night, the overnight HIBOR, or deposit rate in the offshore…

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Report: Is China Preparing For a Land Of Invasion Of the West Coast Of the United States?

Jeremiah Johnson is a retired Green Beret of the United States Army Special Forces (Airborne) and a graduate of the U.S. Army’s SERE school (Survival Evasion Resistance Escape). When we read the papers or turn on the television (for those of us…

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China: Double, Double Toil and Trouble/Fire Burn, and Cauldron Bubble?

China’s economy is seemingly in turmoil. Markets are down, manufacturing is weak and the government has yet to provide a coherent explanation for last month’s tiny devaluation. Many argue that the economy is descending into policy chaos and a witches’…

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Summarizing The “Black Monday” Carnage So Far

It’s officially Black Monday, if only in China for now. Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV — China Xinhua News (@XHNews) August 24, 2015 We warned on Friday, after last week’s…

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This Is Why China Is Weakening It’s Currency

Last month, the world watched a spectacular crash in the Chinese stock market, in which 30% of the value of shares was wiped out in a matter of weeks. The government unleashed an astonishing array of measures to try and stop share prices sliding….

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12 More Signs The Global Crash Is Even More Likely

Did you see what just happened?  The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era.  This caused other global currencies to crash relative to the U.S. dollar, the price…

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Sorry Bloomberg, Someone DID Notice That China Is Dumping A Record Amount Of Bonds

Earlier today, Bloomberg TV blasted an amusing snippet from an article that was based on some deep revelations about what is happening in the bond market: Here is the relevant section for the highlight-challenged: It says: “China sells $180 billion of…

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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…

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Chinese Stock Market Collapses 7.4% – Gold Demand Surges To Record

Today’s AM LBMA Gold Price was USD 1,174.40, EUR 1,048.38 and GBP 745.89 per ounce. Yesterday’s AM LBMA Gold Price was USD 1,174.60, EUR 1,052.51 and GBP 748.80 per ounce. Gold fell $1.30 or 0.11 percent yesterday to $1,173.10 an ounce. Silver…

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