Economic Destabilization, Financial Meltdown … Shanghai Stock Market?

Written on September 1st, 2015 in politics Comments Off

Published on Global Research.ca, by Prof Michel Chossudovsky, Aug 26, 2015:

The dramatic collapse of the Shanghai stock exchange has been presented to public opinion as the result of a spontaneous “market mechanism”, triggered by weaknesses in China’s economy … //

… This interpretation is erroneous. It distorts the workings of stock markets which are the object of routine speculative operations … //

… Amply documented, financial markets are rigged by the megabanks. Powerful financial institutions including JP Morgan Chase, HSBC, Goldman Sachs, Citigroup, et al and their affiliated hedge funds have the ability of “pushing up” the stock market and then “pulling it down”. They make windfall gains on the upturn as well as on the downturn. This procedure also applies to the oil, metals and commodity markets.

The Shanghai Stock Exchange Collapse: … //

… Financial Warfare:

These engineered upward and downward swings of the Shanghai Composite Index ultimately result in the confiscation of billions of dollars of money wealth including Chinese State funds provided by the People’s Bank of China to prop up the Shanghai Stock Market. Where does the money go. Who are the recipients of this multi-billion dollar trade?

In response to the August meltdown, the People’s Bank of China “offered 150 billion yuan ($23.43 billion) worth of seven-day reverse repurchase agreements, a form of short-term loans to commercial lenders.”. This money was wasted. It did not result in reversing the meltdown of the Shanghai stock exchange.

Geopolitics:

Geopolitical considerations are also relevant. While the Pentagon and NATO coordinate military operations against sovereign countries, Wall Street carries out concurrent destabilizing actions on financial markets including the rigging of the oil, gold and foreign exchange markets directed against Russia and China.

Is the “possible” rigging of the Shanghai Stock Exchange part of a broader package of US actions against China which consists in weakening China’s economy and financial system?

Does China’s financial collapse serve broader US foreign policy interests which include routine threats directed against China, not to mention US military deployments in the South China Sea?

Are we dealing with “financial warfare” directed against a competing World economic power?

It is worth noting that speculative procedures (rigging) have also been used in the oil and foreign exchange markets against the Russian Federation. Combined with the sanctions regime, the objective was to push down the price of crude oil (as well as the value of the Russian rouble), with a view to weakening the Russian economy … //

… (full text, chart).

… and we in all that with our daily income:

Other Links:

Permaculture in Cold Climates, on naked capitalism, by Lambert Strether, Aug 29, 2015;

Syrian War – Islamic State (ISIS) Creation Timeline, on Global Research.ca, by Kevin Borge, Aug 29, 2015: … a timeline ranging from 1992-2015 with related articles to the war in Syria, ISIS and geopolitical events that tie them all together. Purposely the author of this document provides No commentary …;

After a week of intense debate, Stephen Hawking and his colleagues are still puzzled by black holes, on Washington Post, by Rachel Feltman, Aug 29, 2015: Do black holes pose a big problem for the basic laws of our universe? That was the topic up for debate all week in Stockholm, where some of the first people to work on black hole theory did their best to come to some new solutions to a question they posed decades ago …;

The CIA and the Media – 50 Facts the World Needs to Know, on Global Research.ca, by Prof James F. Tracy, Aug 28, 2015;
(on en.wikipedia: Operation Mockingbird; /See also; /External Links);

Learn important concepts in designing buildings from an HBO series, on Greater greater Washington.org, by Canaan Merchant, Aug 28, 2015: HBO’s miniseries Show Me a Hero depicts a fight over affordable housing in Yonkers, New York in the 1980s. It raises many important issues about race relations and the reality of politics. It also teaches us something about architecture and how the design of buildings affects crime …;

2 Websites:

… and this:

2 Audios, uploaded by Night Storm, July 10, 2015:

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