China and the World Financial Manipulators - It takes a Communist Country to stop the Financial Corruption

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Just a week ago, here is what world financial analysts said about the economic collapse in China.

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Daily Mail, London

China's tumbling stock markets plunged even further today, intensifying fears the country was tail-spinning towards the biggest financial disaster since the 1929 Wall Street crash.

Almost $3trillion (£2trn) – more than the entire economic output of Brazil – has been wiped out since markets went into reverse just a few weeks ago, posing a bigger headache for many global investors than even the Greek debt crisis.

China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's stock markets – a move that failed spectacularly in the 1929 crash that triggered the Great Depression.

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Here is what the experts said just three days later.

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The Toronto Star

China’s battered stocks rebound as officials tighten market controls

Government takes desperate measures to shore up market, while feared internal security police announce they have begun investigating investors accused of ‘maliciously’ shorting blue-chip shares, as bubble bursts.

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The Washington Post

BEIJING—China’s stock market recovered sharply in volatile trading Thursday after the government announced further measures to restore investor confidence, including forbidding major shareholders from selling.

Shanghai’s benchmark share index rose 5.8 per cent on Thursday, reversing direction after sliding 3.8 per cent earlier in the day. But it has still lost around a quarter of its value since a peak in mid-June.

In the latest in a series of desperate measures to shore up the market, regulators banned major shareholders, corporate executives and directors from selling stakes in listed companies for the next six months.

Officials also announced that banks could roll over loans backed by shares.

But, for some investors, it was the entry of the feared Public Security Bureau (PSB) that really changed sentiment.

The powerful internal security police announced they had begun an investigation into a dozen individuals and institutions accused of “maliciously” shorting blue-chip shares.

The state news agency Xinhua said the move showed regulators would “punch” anyone who violates regulations and the law “with a strong fist.”

But if those moves calmed some of the panic in the markets, it was far too early to declare victory, analysts said.

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In the course of a couple of days the stock market experts had declared the worst financial depression since the Great depression of 1929 would befall China.  A couple of days later the strong and immediate reaction of the Chinese government to the market manipulation had driven out the devils and restored the market completely, recovering the $3.2 trillion within days.

The instantaneous action by the Chinese stock regulators and Chinese government left financial experts bewildered, prognosticators stunned, and crooked financial manipulators running for the border.  It seems odd that none of these tactics were employed by our government during the 2009 American financial collapse.

For comparison purposes, the loss of wealth to American households in the 2009 recession totaled an astounding $14 trillion, and the worldwide loss was $34.4 trillion.  Clearly the screams of "depression" by the economic experts about China's $3.2 trillion in lost value, which was erased in a matter of hours, were either efforts to further drive down the Chinese market value, were the result of algorithms gone mad, or were deliberate lies to undermine the Chinese market.

Our little recession of 2009 cost Americans more than four times as much money as the temporary Chinese drop.  We are still trying to recover from 2009 six years later.  China did it in about 48 hours.  Six years later no one is in jail for causing the 2009 crash while the Chinese are preparing to prosecute brokers within a few hours and in China they take corruption and stealing from the public seriously.

It seems as if our financial experts are worthless when it comes to knowing the Chinese market as the latest flurry of lies and scare tactics demonstrate.  This swift and decisive action in China should tell us we continue to depend on a corrupt financial system here in America that is immune from government threats and prosecution.

There are a few things the Chinese can teach us about managing the parasites on Wall Street and their protectors in Congress.

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Obama and Geithner - Enough Whining & Finger Pointing - Give Us a Reason to Hope!

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President Obama and Treasury Secretary Geithner both gave major addresses in the last 24 hours, talks given with a great deal of advanced hype on how they were going to show how the new Administration was in control of the economy, and the result was a public relations nightmare casting severe doubt on the real communications skills in our nation's capitol.

First Obama went on prime time TV and his long winded answers seemed more like a lecture from a professor on the fundamentals of blaming everyone else for his woes, raising fears on the fate of our economic system, and promising everything would be clear this morning when Geithner gave his national address on fixing the economy.

I always thought the president was supposed to give us hope when we were down, not further depress the public with talk of the worst economy in our history or an Armageddon on Wall Street. Even Franklin Roosevelt, on the day Japan bombed Pearl Harbor, gave us hope.



Obama, Biden and Geithner take every opportunity to remind us that our problems are not theirs, but were inherited by them because of the irresponsible actions of the past. Bush and the Congress let things get out of control but Obama and Biden were Senators, Senators with the power to stop the president at any time. And Geithner, he was president of the New York Federal Reserve and also in a position to stop the financial meltdown.

Obama condemns tax cuts for the wealthy saying it has been tried over and over again and failed. Yet two of the most successful tax cuts for the rich were the work of John Kennedy and Bill Clinton and both led to recovery and economic growth. Did Obama forget he is a Democrat?

So now that we have established that Obama and company are not to blame for anything, but Wall Street and the past government are to blame, then what is the real relationship between Obama and the giant of Wall Street Goldman Sachs? Goldman is the only financial institution on Wall Street whose value has shot up since Obama became president, the only firm out of hundreds in the financial sector. What makes Goldman's different? They have the most toxic debt. They championed the oil price run up that nearly destroyed the world economy.



Several years ago they secretly had the Board meet with a young senator named Obama. They quietly financed his presidential bid before most people knew who Obama was. They even had another secret meeting with Obama during the primary campaign and brought in Tom Brokaw to help prepare the new kid for the grueling campaign. The same Tom Brokaw who was moderator of a debate a year later between Obama and McCain but no one knew that they had practiced a year earlier.

So what happened to Goldman's since Obama got elected. Take a look at the fate of some of our major financial institutions in the time between election day November 4 and today. The stock price 11/4 and 2/10 are shown with the percent change.

Bank of America $23.61 $5.56 -76%
JP Morgan $40.73 $24.62 -40%
Citibank $13.99 $3.35 -76%
Wells Fargo $33.80 $16.35 -52%
Goldman Sachs $89.09 $90.40 +1%

While virtually every other financial institution in the market has lost between 40% and 76% in total value only Goldman Sachs has increased in value since Obama got elected. Of course Goldman has also stated they will return the $10 billion in bailout money they received, meaning they didn't need it in the first place or the restrictions Congress is contemplating don't appeal to the firm with the highest executive bonus program in history. When will the president explain his secret relationship with the super bank and when will the media ask about it?

What is the real relationship of Biden with the credit giant Mastercard and Visa headquartered in Delaware, his home, firms whose outrageous credit fees and practices helped lead to the economic crisis and who were bailed out a couple of years earlier when Congress passed bankruptcy reform that stole the rights of the consumer and allowed the credit card companies to undertake collection and debt recovery methods the Mafia could not get away with?



Who was chief lobbyist for the credit card assault by the thugs on Congress, why I believe it was Biden's son who then became State Attorney General. Let's see, the Biden son lobbies Congress to strip the public of their rights and the bill is sponsored by Senator Biden to strip the consumer of his rights and passed by the Congress. No conflict of interest there because that would violate the high ethical standards of the new Administration who is going to change the way things are done in the capitol.

We deserve explanations and we deserve better. The media seems incapable of digging up the truth because the truth is the media elected Obama. Congress can't dig up the truth because the Democrats controlling Congress think they now rule the world when in truth they were bought and paid for by money interests long ago. The Truth is Out There because it sure isn't here on Wall Street, Madison Avenue or at our nation's capitol.

Letter to the Editor

Seems Anonymous has decided to write again this time in defense of the internet. Now since I normally let all responses stand without comment I shall change from past practice since there is a clear misunderstanding on the part of Anonymous as to what I know.

Anonymous said:

You shouldn't be so tough on Internet advertising: this blog you spread your message on is given to you for free as a result of it. Just several years ago you would have had to pay to host an expensive server and rent a domain name to get your message out. Not to mention that Google has taken on the likes of Microsoft with their free suite of Google Doc publishing tools. Yeah, they even let you store your created documents on their servers also for free. And if you choose you can do all this in complete anonymity. Google and Internet advertising, albeit annoying, has changed the world for the better.

Nothing is free on the internet. I refuse constant attempts by Google and others to insert their advertising and that of their millions of advertisers. Any day they will require it and I will lose the ability to give you an ad free source of information. I have my own domain names and servers in place for the day the intenet is no longer free which will be very soon. Besides, we all pay to access the "free" information. There is no free distribution of my stories on the internet either by Google or anyone else. In spite of the fact I am a long time registered journalist any distribution of the stories short of extremely hard work and constant networking is at a very high cost as the Googles of the world along with the internet media refuse to run stories without payment. Just posting on the internet gets one nothing, including exposure.

Automated banking? Are you talking Internet banking? Just think about all those dummies recently standing in line to get their money out of failed banks. The fools should have been sitting at home moving their dough to safer institutions with their mouse and a few clicks.The biggest injustice we face hasn't changed, it's the use of media companies to further political agendas. At least the Internet is helping anyone who chooses to do so to harpoon those institutions.

You know those dummies standing in line at banks, well they got every cent they had deposited. The bigger dummies on the internet lost about $500 billion to fraud directly or indirectly related to the internet and credit cards last year. The cell phone users were losers as well with over $20 billion in losses. And even ATM machines were looted by hacking bank records to the tune of billions of dollars. If you add the other ramifications of identity theft from the internet the losses could be approaching a trillion dollars and guess whose internet, credit card and cell phone fees are adjusted to cover the losses, you!

Don't like what others say? Start a newspaper and put it in everyone's mailbox. The County Times should come to mind. Finally, some food for thought. No better tool has ever existed to expose corruption and find the truth than the Internet. Everything is archived and searchable. You've got the library of the world right at your desk 24/7. Just imagine how it would have changed your life had it been there in your youth.

The problem with the internet is there is no test of truth to what is posted. When it was originally started it was as a research tool with real institutions verifying the information. Now anyone can say anything with no relationship to truth and the gullible public believes much of what is posted. Just look at the vicious campaign rumors about both Obama and Palin that never went away, even after the truth had been established. As an entertainment tool the internet is great. As a source of truth it has led to the destruction of journalism as a source of true information and that is a sad commentary on life in general.

I was a newspaper reporter for a real newspaper and we had to have multiple sources, survive editing and fact checking and be able to capture the public attention before our stories were even published. Too bad such standards are not possible on the internet.

Finally, if the internet was such a valuable tool to protect us from corruption why is fraud and corruption using the internet and electronic trading, swaps and derivatives thriving, why did it just cost trillions of dollars in losses to unsuspecting people throughout the world, why has it destroyed our economy, and why can't anyone stop it?

Jordan Christopher

Why Not Warning Labels for Financial Experts?

One thing the federal government can do is require warning labels for anything that is, may be or could be hazardous to the health or safety of the citizens. They are expert at it with the dozens of alphabet soup agencies forcing manufacturers to slap notices on the labels or to disclose warnings when doing television commercials.

Haven't you all heard the dozens of warnings for different drugs. When they finish their outrageous lists you wonder how anyone in their right mind could ever use the damn stuff. Some even say the product "may" help a few people even if most can't be helped. I think that it a little crazy.

Still, the FDA, CPSC, DOA, ICC, SEC and FTC among countless others have developed quite a reputation for warning us about everything under the sun. Some prescription bottles have longer warnings than product information.

So it occurred to me that there is nothing worse for your mental or physical health than getting wrong advice on what to do with your money. It seems every bank, brokerage house, investment banker, stock broker, 401 K advisor and anyone out there telling you what to do with your money should have a warning label because every one of them have been wrong in the past year or two.

The wild predictions of spiraling oil prices up to $200 a barrel, skyrocketing inflation, a total collapse of the housing and credit markets, massive foreign trade deficits, and horror story after horror story intended to drive the market up or down any particular day depending on whether the source of bad news is buying or selling are just too much.

These people have been instrumental in causing our home values to fall, our stock portfolios to dissipate, our retirement funds to evaporate and our economy to nearly collapse. Isn't it about time the feds label them for what they are, a danger to our health and well being?

Maybe it should read like the following and be required on their news articles or over their picture if they are on television?

DANGER: The following is from a proven mental minimalist whose motivation is toward their own funds, bonuses, buyouts, and bosses with no regard to the fool consumers listening to them. These people are idiots and so are you if you do what they say. Ignore them or burn in hell with them!

Oil Hits Seven Week Low - How Low Can It Go?

Last Friday oil continued its two week decline bottoming out at $123.40 for US crude and $124.39 for Brent crude, both down over $2.00 for the day. Oil peaked two weeks ago at a record $147.37 a barrel and has been falling ever since.

So what does this mean to the consumer? The rule of thumb is the price of a gallon of gas should drop 2.5 cents for every one dollar drop in a barrel of oil. Thus gas prices should fall 57.5 cents a gallon based on the decline we have already seen.

It has dropped about 14 cents meaning a true market adjustment should see an additional fall of gas prices of around 43 cents, driving the average price from $3.94 to $3.51. This should conveniently happen before the November election with about 25 cents by September.

Now that is if prices remain as they are today. I expect prices to fall to about $90 a barrel by election day, meaning an additional $34 reduction in oil and an additional 85 cents in gas. By all rights our gas should cost about $2.68 a gallon by the time the next president is settled in at the White House.

Why does it take so long for gas prices to fall? Well the oil refiners and gas retailers benefit the least from high gas prices so they are taking their time lowering prices in order to get a little of the oil profits so greedily grabbed already by the speculators and producers.

So if the market forces cannot explain the high oil prices what is the reason? Read my article on the financial institutions. It may help shed some light.