Commodity Trade Mantra

Posts Tagged ‘Shadow Banking System’

China Destroys the “August is a Quiet Month Myth”

After a long period of pegging the Chinese yuan to the US dollar at about 6.1-to-1, China devalued the yuan in a sneak attack on August 11, devalued again Wednesday & Thursday. The total devaluation is almost 5%, the biggest devaluation in over 20 years. Normal daily volatility in foreign exchange markets is measured in 5 decimal places. 0.05% is a choppy day. 5.0% is an earthquake.

This Coal Mine Valued At $630 Million In 2011 Just Sold For One Dollar

The total value of the Isaac Plains coal mine in 2011 was just about $630 million. In September 2014, Sumitomo and Vale shuttered the mine citing the downturn in the international coal market. Isaac Plains was then added to the long list of coal mines up for sale – for a princely sum of $1. Why the complete collapse in price of the coal mine? Simple: blame China.

Top 10 Signs That Reveal Mounting Panic In The World Banking System

We don’t want to cause you unnecessary stress or worry, but it might be prudent to pay attention to a series of unusual news reports recently emanating from the banking world. Do you really want to entrust your hard earned savings to these completely irresponsible institutions?

The $23 Trillion Credit Bubble In China Is Starting To Collapse

The bubble of private debt that we have seen inflate in China since the Lehman crisis is unlike anything that the world has ever seen. Never before has so much private debt been accumulated in such a short period of time. And yet China’s money supply and credit are still expanding.

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