JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
THE EU EUROZONE CURRENCY
https://www.youtube.com/playlist?list=PL5C2C2383444CDA3D
https://www.youtube.com/user/ecbeuro
https://www.youtube.com/user/eutube
https://www.youtube.com/user/pressecdr
http://ec.europa.eu/economy_finance/euro/index_en.htm
EUROPEAN CENTRAL BANK
https://www.ecb.europa.eu/home/html/index.en.html
https://www.ecb.europa.eu/press/pressconf/2015/html/is150903.en.html
CENTRAL BANKERS LENDER-BIS
https://www.bis.org/
FED CENTRAL BANKERS MEETING - JACKSON HOLE
https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2015
https://www.kansascityfed.org/publications/research/escp
IMF
http://www.imf.org/external/index.htm
WORLD BANK
http://www.worldbank.org/
BANKING UNION BEFORE EURO ADOPTION
http://blog-imfdirect.imf.org/2015/08/19/banking-union-before-euro-adoption-flak-jacket-or-straitjacket/
REVIEW SDR -RESERVE IMF CURRENCY
http://www.imf.org/external/np/exr/facts/sdrcb.htm
http://www.imf.org/external/pubs/ft/survey/so/2015/POL080415A.htm
http://www.imf.org/external/np/exr/faq/sdrallocfaqs.htm
http://www.imf.org/external/pp/longres.aspx?id=4975
http://www.imf.org/external/np/sec/pr/2015/pr15384.htm
http://www.imf.org/external/pp/longres.aspx?id=4978
http://www.imf.org/external/np/tre/sdr/proposal/2009/0709.htm
CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://rsta.royalsocietypublishing.org/content/370/1958/176
INTERAC
https://www.interac.ca/en/security/what-is-chip
https://www.interac.ca/en/interac-debit/interac-debit-for-consumers
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 07,2015-12:00AM
GOLD -$3.00 $1,118.40 - OIL -$1.79 $46.26
HANG SENG -257.09 20,583.52 - SHANGHAI -79.75 3,080.42
SE Asia Stocks -Fall amid outflows; Indonesia leads decline-Reuters-sept 7,15-yahoonews
BANGKOK, Sept 7 (Reuters) - Southeast Asian stock markets retreated on Monday amid a fall in regional currencies and fund outflows, with Indonesian benchmark suffering the worst drop in two weeks and stocks in Malaysia hitting a near two-week closing low.The Jakarta composite index was down 2.6 percent,the biggest single-day loss since Aug. 24 as the Indonesian-rupiah fell to its weakest since July 1998.Investors remained wary of the outlook of Southeast Asia's-biggest economy, brokers said. Foreign investors sold shares worth a net 489 billion rupiah ($34.3 million) on the day,according to Thomson Reuters data."Apart from the IDR weakness, the market is still trying to deal with slower-than-expected growth," said Harry Su, head of strategy and research at broker Bahana Securities in Jakarta.Indonesia's central bank late last month predicted the country's gross domestic product to grow by 4.89 percent in 2015, and by 5.54 percent next year.Malaysia's key index was down 0.4 percent at1,582.85, the lowest close since Aug. 26 as the ringgit plumbed 17-year lows.The Malaysian bourse said foreign investors offloaded shares worth a net 281 million ringgit ($64.9 million).Data showed outflows of Philippine stocks worth a net 217.9 million peso ($4.6 million), with Thai stocks a net 1.9 billion baht ($52.7 million).In Vietnam, the key index eased 0.3 percent after rising 0.5 percent on Friday.For Asian Companies click;SOUTHEAST ASIAN STOCK MARKETS-Change on day-Market Current Prev Close Pct Move Singapore 2852.41 2863.81 -0.40 Kuala Lumpur 1582.85 1589.16 -0.40 Bangkok 1371.40 1370.75 +0.05 Jakarta 4301.36 4415.34 -2.58 Manila 6926.82 7051.78 -1.77 Ho Chi Minh 554.93 556.81 -0.34 Change on year-Market Current End 2014 Pct Move-Singapore 2852.41 3365.15 -15.24-Kuala Lumpur 1582.85 1761.25 -10.13-Bangkok 1371.40 1497.67 -8.43-Jakarta 4301.36 5226.95 -17.71-Manila 6926.82 7230.57 -4.20-Ho Chi Minh 554.93 545.63 +1.70-($1 = 46.9300 Philippine pesos)($1 = 4.3275 ringgit)($1 = 14,245 rupiah)($1 = 36.0900 baht)(Reporting by Viparat Jantraprap; Editing by Anand Basu)
China's Foreign Exchange Reserves Fall in August on Yuan Support-Bloomberg News-Updated on September 7, 2015 — 6:12 AM EDT
China’s foreign-exchange reserves fell by a record last month as the central bank sold dollars to support the yuan after the biggest devaluation in two decades spurred bets on continued weakness.The currency hoard declined by $93.9 billion to $3.56 trillion at the end of August, from $3.65 trillion a month earlier. Economists surveyed by Bloomberg had forecast a median $3.58 trillion. The yuan weakened in offshore trading and 10-year Treasury futures contracts fell after the data.The reserves’ decline illustrates the cost to China as it props up its currency and seeks to stem an outflow of capital that threatens to deepen the nation’s economic slowdown. The shrinkage in reserves means less money flowing into the financial system, creating what Deutsche Bank AG strategists have termed “quantitative tightening.”“If the central bank continues its intervention, China’s foreign-exchange reserves will continue to shrink -- the heavier the intervention, the deeper the fall,” said Li Miaoxian, a Beijing-based analyst at Bocom International Holdings. While the People’s Bank of China is trying to talk up the yuan exchange rate, it’s “inevitable” the nation will see continuous capital outflows and yuan depreciation pressure in the coming months.The offshore yuan traded in Hong Kong erased gains after the reserves figures were announced. It was trading down 0.2 percent at 6.4827 a dollar as of 6:07 p.m. local time. Ten-year Treasury futures contracts fell 10/32, or $3.13 per $1,000 face amount, to 127 15/32.Chinese officials telegraphed confidence in the economy’s underlying solidity, predicting a stabilization in stocks and the currency at a gathering of Group of 20 finance chiefs Friday and Saturday. The G-20, meeting in Ankara, pledged to avoid tit-for-tat currency devaluations; the U.S. Treasury chief separately said that China should avoid persistent exchange-rate misalignments.The biggest drop in China’s currency in 21 years last month spurred concern that a weaker yuan will hurt countries exporting to China.China’s reserves more than tripled in the past decade as the PBOC bought dollars to slow the yuan’s appreciation amid a swelling trade surplus. To ensure the influx of money didn’t spur a surge in inflation, the central bank raised the required reserve ratio for banks. With reserves now in reverse, the central bank has lowered reserve requirements, with economists forecasting further reductions. Expectations that the U.S. will increase interest rates for the first time since 2006 this year are also luring funds from China, which has been loosening monetary policy since November.“The hope for the PBOC, we believe, is that extreme selling pressure on the yuan subsides and they can allow a moderate depreciation to restore export competitiveness,” Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a note. “The fear is that today’s data will reinforce the market view that the only way for the yuan to go is down, and further accelerate capital outflows.”A sustained shift from buying to selling from China would add pressure for Treasury yields to rise, the analysts wrote.“The central bank won’t be so stupid to let its foreign-exchange reserves shrink by $100 billion every month,” said Li Jie, head of the foreign-exchange reserve research center at the Central University of Finance and Economics in Beijing. “If the market really wants the yuan to weaken, the PBOC may say ‘ok, let it be’ and reduce its intervention.”
Asian Stocks Extend Retreat With Oil as Chinese Markets Resume-Emma O'Brien-Updated on September 6, 2015 — 9:10 PM EDT-bloomberg
The slump in stocks and commodities continued into Asian trading, with futures pointing to a selloff in Chinese equities following a holiday break.The Asia-Pacific benchmark headed for its lowest close since November 2012 as futures traders bet Shanghai stocks will fall on their first day of trading since Wednesday. Copper and nickel slipped with crude oil, while Malaysia’s ringgit led emerging-market currencies lower. The yen held gains after posting its biggest advance of 2015 last week amid anxiety in markets.“Trading in Asia today will be driven by two major factors: the delayed response to Friday’s nonfarm payrolls number and the reopening of the Chinese stock markets,” Angus Nicholson, a markets analyst in Melbourne at IG Ltd., said in an e-mail to clients. “Both of these factors are likely to spur further selling in Asian markets today, with the outcome of the Chinese market reopening being the greater cause for concern.”China worked to soothe concern over its economy at the Group of 20 meeting in Turkey at the weekend, with officials predicting stabilization in the currency and stock markets. Friday’s payrolls report showed that while wages and the number of hours worked increased last month, the U.S. added fewer workers than expected, leaving bets on a rate hike in September around 30 percent. International Monetary Fund chief Christine Lagarde emphasized that the Federal Reserve must be certain the U.S. can handle higher rates given the impact it will have on the global economy.Stocks-The MSCI Asia Pacific Index slipped 0.6 percent by 10:06 a.m. in Tokyo, as Japan’s Topix index lost 0.6 percent. FTSE China A50 Index futures slid 0.8 percent in Singapore, while contracts on the Standard & Poor’s 500 Index gained 0.2 percent after the index fell 1.5 percent Friday, ahead of a three-day weekend in the U.S. Markets in Canada and Brazil are also shut Monday.Energy producers and mining stocks drove Australia’s S&P/ASX 200 Index down 1 percent, while the Kospi index in Seoul declined 0.3 percent, extending last week’s 2.7 percent drop.Gauges of volatility in Japanese and Korean stock markets rose for a second day, following a 8.6 percent bounce back in the Chicago Board Options Exchange Volatility Index Friday. The gauge of expected U.S. stock swings, known as the VIX, reached a an almost four-year high on Aug. 24.The MSCI All-Country World Index also retreated, losing 0.1 percent in early Monday trading after sinking 1.7 percent on Friday. More than $8 trillion has been erased from the value of global equities since Aug. 11, when China roiled markets by unexpectedly devaluing its currency. Concern over the slowdown there and the potential impact of higher U.S. borrowing costs has fueled swings in equity to currency and commodity markets the past month. Commodities-Copper and nickel fell at least 0.2 percent after also retreating on Friday, while oil decreased a second day.West Texas Intermediate crude sank 1.5 percent to $45.37 a barrel with all electronic transactions to be booked with Tuesdays for settlement purposes because of the Labor Day holiday in the U.S. Brent also slipped a second day, losing 1.3 percent to $48.99 per barrel after Venezuela proposed an OPEC summit to stabilize prices amid a global oil glut.Gold -- which despite its reputation as a haven has been wrong-footed by the recent market gyrations -- was little changed at $1,122.03 an ounce following a three-day drop. While the payrolls gain trailed economists’ estimates, the U.S. jobless rate dropped to a seven-year low, the Friday data showed, driving home that while it may not happen this month, U.S. rates are on the rise.-Currencies-In the foreign exchange markets, developing-nation currencies caught up with Friday’s action, while Australia’s dollar pared some of last session’s slide to a six-year low.The ringgit, which is already at a 17-year low, weakened another 1 percent as Korea’s won slipped 0.5 percent and New Zealand’s dollar lingered near its lowest level since 2009. The yen maintained two days of gains, trading at 119.08 per dollar after gaining 2.2 percent last week.China’s yuan climbed 0.2 percent in offshore trading to 6.4532 per dollar. G-20 leaders pledged to avoid a currency war in the wake of the yuan’s devaluation, the first time they have used such language since 2013. Chinese Finance Minister Lou Jiwei told the meeting he expects Asia’s largest economy to grow at a rate of about 7 percent over the next four or five years, according to an account on the PBOC’s website.Intervention in the market helped ease Chinese stocks into last week’s two-day break, with the Shanghai Composite Index set to reopen at the same level it traded at Aug. 27. People’s Bank of China Governor Zhou Xiaochuan said in a statement at the weekend that the rout in Chinese equities is close to ending, and that the state’s actions prevented systemic risk by stopping a free-fall.China will deliver an update on its foreign-currency reserves Monday, providing investors with some idea of how much has been spent by regulators to shore up local markets and the yuan. Singapore and Indonesia also report on reserves, while Taiwan issues trade data.-Bonds-Bonds in Asia shrugged off Friday’s gains in U.S. Treasuries, with yields on 10-year Japanese notes rising one basis point, or 0.01 percentage point, to 0.37 percent. Rates on similar maturity Australian debt climbed two basis points to 2.65 percent. Yields on Treasury notes due in a decade ended Friday down four basis points to 2.13 percent. Odds the Fed will raise rates at their meeting next week are at 30 percent, up from 26 percent before the jobs data, though below the 48 percent priced in before China’s surprise yuan depreciation on Aug. 11. Payrolls rose by 173,000 workers, training the 217,000-person increase projected by economists. The jobless rate sank to 5.1 percent for August.“The overall tone of the data was certainly solid enough to leave the Fed in play later this month,” Philip Borkin, a senior economist in Auckland at ANZ Bank New Zealand Ltd., said in a note to clients. “But to be fair, the Fed’s decision of whether to hike or not is not really about the labor market, it hasn’t been for a few months now. The main questions -- and what is polarizing markets and creating plenty of debate -- are the outlook for inflation, the impact of tighter financial conditions and the state of the global economy.”
Markets, China, and Whaling: What We Learned This Week-September 4, 2015 — 1:06 PM EDT-BLOOMBERG
1) The Great August Equity Sell-off Shows No Signs of Abating-After China woes triggered the worst global monthly stock slump in more than three years, a mixed U.S. jobs report further muddied the outlook for interest rates ahead of the Fed's next meeting (Sept. 16-17). Things don't bode well for September — historically the worst month of the year for the Standard & Poor's 500 Index. The equity benchmark falls about 1.1 percent on average this month, based on data going all the way back to 1927. This quarter is already on track to be the S&P 500's worst in four years. Can we just skip to October? 2) Few Think China Can Rescue The Market-As a military parade in China neared to celebrate victory in World War II, state-backed funds intervened in the stock market to support prices and prevent a rout from clouding the event. Thousands of factories were closed and cars banned from the roads to eliminate Beijing's now- notorious pollution. But as Bloomberg's Kana Nishizawa reported, options traders are betting big the government can't control the market forever. The cost of bearish contracts on the China 50 exchange-traded fund (ETF) has surged to the highest level versus bullish ones since they started trading in Shanghai six months ago. This so-called skew also climbed to a record for a similar ETF in the U.S., even as government buying drove China’s benchmark index to a 10 percent rally in the final two days of last week. 3) Not All Endangered Whales Are Endangered Everywhere Whaling might be banned under a mortatorium rooted in international law, but not all key players agree with why that is. Iceland, that volcanic outpost in the far north Atlantic, continues to hunt whales under objection to the moratorium. (Norway, which also whales, does so under reservation. It’s a different thing.)Iceland justifies its hunting – even of species such as the fin whale, listed as endangered on the IUCN Red List – because it has confidence that the whale population in its sector of the ocean is healthy and sustainable. It’s a view that has put the country at the heart of the dispute between conservationist and traditionalists like Kristjan Loftsson, the country’s leading whaler, and Stefan Ulfarsson, a well-known restaurateur.Bloomberg’s Tom Mackenzie and Ed Kiernan found out more.By Trista Kelley, Kana Nishizawa and Adam Blenford. Edited by Tim Coulter
China’s Zhou Kept Saying the Bubble ‘Burst’ at G-20 Meeting-James Mayger-Updated on September 5, 2015 — 2:32 PM EDT-bloomberg
Zhou Xiaochuan, governor of China’s central bank, said three times to a G-20 gathering that a bubble in his country had “burst,” Japanese Finance Minister Taro Aso said.It came up in his explanation Friday of what is going on with China’s stock market, according to a Japanese finance ministry official.A dissection of the slowdown of the world’s second-largest economy and talk about the equity rout which erased $5 trillion of value was a focal point at the meeting of global policy makers in Ankara. That wasn’t enough for Aso, who said that the discussions hadn’t been constructive.Chinese stocks have plunged almost 40 percent since a June peak, triggering unprecedented intervention from the authorities. The central bank cut rates for the fifth time since November last month and lowered the amount of cash banks must set aside, falling back on its major levers to support equity prices and the slowing economy.It was China, rather than the timing of an interest-rate increase by the Federal Reserve, that dominated the discussion, according to the Japanese official, with many people commenting that China’s sluggish economic performance is a risk to the global economy and especially to emerging-market nations.Chinese Statement-Zhou was referring to a bubble in the stock market rather than the Chinese economy, Zhu Jun, head of the international department of the People’s Bank of China, said in an interview on Saturday, and the central bank put out a statement detailing Zhou’s remarks at the conference.“It’s clear there are problems in the Chinese market, and at today’s G-20 meeting, many people other than myself also expressed that opinion,” Aso said after a meeting of finance chiefs and central bank governors.The PBOC shocked global markets by allowing the biggest yuan depreciation in two decades on Aug. 11, when it changed the exchange-rate mechanism to give markets a bigger role in setting the currency’s level. That historic move would not get a mention in the communique, according to the Japanese official, who asked not to be named, citing ministry policy.
Chinese central bank governor says currency stable-Associated Press-SEPT 6,15-YAHOONEWS
BEIJING (AP) — China's central bank governor says its currency has stabilized, in an apparent effort to dispel fears of more big declines following a surprise devaluation that rattled global markets.The yuan's exchange rate against the dollar "tends to be stable," Zhou Xiaochuan said at a meeting of finance officials of the Group of 20 major economies in Turkey on Friday, according to a central bank statement.Beijing said the Aug. 11 devaluation was part of efforts aimed at making the yuan's state-set exchange rate more market-oriented. But coming without warning amid a collapse in Chinese share prices, it caused anxiety in financial markets.Zhou's comments appeared to be aimed at quelling fears Beijing might allow the currency, also known as the renminbi, to fall further to help its struggling exporters by giving them a price advantage. The devaluation had spurred warnings of a possible "currency war" if other governments responded by lowering their own exchange rates."At present, the exchange rate of the RMB against the dollar tends to be stable, and most of the correction of the stock market has taken place, so the financial market is expected to be more stable," the statement read.Zhou said Beijing was committed to carrying out economic reforms despite recent turbulence in its financial markets.Also at the G-20 meeting, Finance Minister Lou Jiwei tried to defuse concern about the slowdown in Chinese economic activity, saying Beijing is "not especially concerned" about short-term fluctuations and will stick to its reform plans.The ruling Communist Party is in the midst of a marathon effort to encourage domestic consumption and reduce reliance on trade and investment to drive growth. It has promised to give market forces a bigger role in the state-dominated economy.Concerns have mounted, however, that growth is slowing too abruptly after July exports and auto sales contracted and August factory activity weakened.Lou said the Chinese government expects economic growth of "about 7 percent" this year, according to the central bank statement."China is in line with plans and will stick unswervingly to 'reform and opening up,'" he said.
China Tells World's Top Economies Its Turmoil Is Set to Subside-Michael Heath-September 6, 2015 — 12:00 PM EDT-bloomberg
Senior Chinese officials have telegraphed confidence in their economy’s underlying solidity, predicting a stabilization in their stocks and currency in a presentation set to be tested in coming weeks.With concerns about China’s outlook helping trigger the biggest monthly sell-off in global stocks in more than three years in August, a gathering of Group of 20 finance chiefs Friday and Saturday focused on China’s efforts to shore up its economy. People’s Bank of China Governor Zhou Xiaochuan said in a statement that the rout in Chinese equities is close to ending, and that state intervention prevented systemic risk and stopped a free-fall.“We think it’s pretty close to the end,” Zhu Jun, head of the international department at the People’s Bank of China, said Saturday. “To some extent the leverage in the market has been decreased substantially, and we think there would be no systemic risk.” He added that last month’s devaluation of the yuan wasn’t designed to gain advantage over other exporting nations.The G-20, meeting in Ankara, pledged to avoid tit-for-tat currency devaluations; the U.S. Treasury chief separately said that China should avoid persistent exchange-rate misalignments. The biggest drop in China’s currency in 21 years last month had spurred concern that a weaker yuan will hurt countries exporting to China.Exports, Manufacturing-Trade data this week are forecast to show another drop in Chinese exports for August, underscoring a continued slowdown in the world’s No. 2 economy. With reports last week indicating a deterioration in manufacturing last month, policy makers may be counting on a turnaround in infrastructure investment in the wake of monetary and fiscal initiatives.“The Chinese economy’s fundamentals are fine,” Yi Gang, deputy governor of the Chinese central bank, said Friday. “No one can predict exactly on the market volatility, but I’m confident that the renminbi exchange rate will be more or less stable around the equilibrium level,” he also said, using another term for the yuan.The G-20 met against the backdrop of an almost 40 percent plunge in Chinese stocks since a June peak. The slide had spurred the central bank to cut interest rates for the fifth time since November and lower the amount of cash banks must set aside in reserve.President Xi Jinping is trying to shift China from high-speed, debt-fueled growth to a more consumer and services-driven economy. Most of the nation’s G-20 counterparts accepted its plans to minimize disruption as it does so, with the exception of Japan.“China is definitely trying to play a constructive role,” Canadian Finance Minister Joe Oliver said in an interview Friday. “It is the second-largest economy in the world and so when it slows down it has global implications. That is I think what we are dealing with.”-Japan Reacts-Japanese Finance Minister Taro Aso was skeptical. “They may have tried to be constructive,” he told reporters Friday night after the first day of talks. “But they weren’t detailed enough.”Aso said that although the G-20 statement didn’t mention China by name it was clear that the group’s concerns about market volatility were directed at officials in Beijing.U.S. Treasury Secretary Jacob J. Lew told Chinese Finance Minister Lou Jiwei Friday that it’s important for China to signal that it will allow market pressures to drive the yuan up as well as down.Also undermining markets is the projected move by the U.S. Federal Reserve to raise interest rates later this year. Capital flows into emerging-market economies dropped in August by the most since 2013, according to the Institute of International Finance. Morgan Stanley in recent days cut its growth forecast for emerging markets in 2015 to 4.1 percent from 4.8 percent amid downgrades for China, Brazil and India.-Lowering Forecasts-The challenge for China’s policy makers will be trying to assure stable markets should economic data continue to deteriorate. JPMorgan Chase & Co. analysts are among those that have pared their projections for China’s gross domestic product, to a 6.9 percent gain for 2015, from 7 percent previously."The ongoing economic restructuring will help the China economy to achieve sustainable growth in the long run, but the deceleration in traditional sectors tends to dominate the acceleration in new sectors during the transition period," JPMorgan economists including Haibin Zhu wrote in a note last week.While next week’s August industrial production report is likely to show an improvement, the numbers could flatter the real picture, according to Goldman Sachs Group Inc. economists.“It’s the result of a tug of war between shutdowns for the special events, the World Athletic Championship and World War II memorial, and policy loosening measures which intensified,” Goldman analysts said in a research report preview. “Due to the exceptionally low base from August last year, which was negatively impacted by low temperature and the Youth Olympic related shutdown, the pickup in industrial production year-on-year growth will be more obvious.”
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/rumours-next-year-european-union-is.html
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
THE EU EUROZONE CURRENCY
https://www.youtube.com/playlist?list=PL5C2C2383444CDA3D
https://www.youtube.com/user/ecbeuro
https://www.youtube.com/user/eutube
https://www.youtube.com/user/pressecdr
http://ec.europa.eu/economy_finance/euro/index_en.htm
EUROPEAN CENTRAL BANK
https://www.ecb.europa.eu/home/html/index.en.html
https://www.ecb.europa.eu/press/pressconf/2015/html/is150903.en.html
CENTRAL BANKERS LENDER-BIS
https://www.bis.org/
FED CENTRAL BANKERS MEETING - JACKSON HOLE
https://www.kansascityfed.org/publications/research/escp/symposiums/escp-2015
https://www.kansascityfed.org/publications/research/escp
IMF
http://www.imf.org/external/index.htm
WORLD BANK
http://www.worldbank.org/
BANKING UNION BEFORE EURO ADOPTION
http://blog-imfdirect.imf.org/2015/08/19/banking-union-before-euro-adoption-flak-jacket-or-straitjacket/
REVIEW SDR -RESERVE IMF CURRENCY
http://www.imf.org/external/np/exr/facts/sdrcb.htm
http://www.imf.org/external/pubs/ft/survey/so/2015/POL080415A.htm
http://www.imf.org/external/np/exr/faq/sdrallocfaqs.htm
http://www.imf.org/external/pp/longres.aspx?id=4975
http://www.imf.org/external/np/sec/pr/2015/pr15384.htm
http://www.imf.org/external/pp/longres.aspx?id=4978
http://www.imf.org/external/np/tre/sdr/proposal/2009/0709.htm
CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://rsta.royalsocietypublishing.org/content/370/1958/176
INTERAC
https://www.interac.ca/en/security/what-is-chip
https://www.interac.ca/en/interac-debit/interac-debit-for-consumers
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 07,2015-12:00AM
GOLD -$3.00 $1,118.40 - OIL -$1.79 $46.26
HANG SENG -257.09 20,583.52 - SHANGHAI -79.75 3,080.42
SE Asia Stocks -Fall amid outflows; Indonesia leads decline-Reuters-sept 7,15-yahoonews
BANGKOK, Sept 7 (Reuters) - Southeast Asian stock markets retreated on Monday amid a fall in regional currencies and fund outflows, with Indonesian benchmark suffering the worst drop in two weeks and stocks in Malaysia hitting a near two-week closing low.The Jakarta composite index was down 2.6 percent,the biggest single-day loss since Aug. 24 as the Indonesian-rupiah fell to its weakest since July 1998.Investors remained wary of the outlook of Southeast Asia's-biggest economy, brokers said. Foreign investors sold shares worth a net 489 billion rupiah ($34.3 million) on the day,according to Thomson Reuters data."Apart from the IDR weakness, the market is still trying to deal with slower-than-expected growth," said Harry Su, head of strategy and research at broker Bahana Securities in Jakarta.Indonesia's central bank late last month predicted the country's gross domestic product to grow by 4.89 percent in 2015, and by 5.54 percent next year.Malaysia's key index was down 0.4 percent at1,582.85, the lowest close since Aug. 26 as the ringgit plumbed 17-year lows.The Malaysian bourse said foreign investors offloaded shares worth a net 281 million ringgit ($64.9 million).Data showed outflows of Philippine stocks worth a net 217.9 million peso ($4.6 million), with Thai stocks a net 1.9 billion baht ($52.7 million).In Vietnam, the key index eased 0.3 percent after rising 0.5 percent on Friday.For Asian Companies click;SOUTHEAST ASIAN STOCK MARKETS-Change on day-Market Current Prev Close Pct Move Singapore 2852.41 2863.81 -0.40 Kuala Lumpur 1582.85 1589.16 -0.40 Bangkok 1371.40 1370.75 +0.05 Jakarta 4301.36 4415.34 -2.58 Manila 6926.82 7051.78 -1.77 Ho Chi Minh 554.93 556.81 -0.34 Change on year-Market Current End 2014 Pct Move-Singapore 2852.41 3365.15 -15.24-Kuala Lumpur 1582.85 1761.25 -10.13-Bangkok 1371.40 1497.67 -8.43-Jakarta 4301.36 5226.95 -17.71-Manila 6926.82 7230.57 -4.20-Ho Chi Minh 554.93 545.63 +1.70-($1 = 46.9300 Philippine pesos)($1 = 4.3275 ringgit)($1 = 14,245 rupiah)($1 = 36.0900 baht)(Reporting by Viparat Jantraprap; Editing by Anand Basu)
China's Foreign Exchange Reserves Fall in August on Yuan Support-Bloomberg News-Updated on September 7, 2015 — 6:12 AM EDT
China’s foreign-exchange reserves fell by a record last month as the central bank sold dollars to support the yuan after the biggest devaluation in two decades spurred bets on continued weakness.The currency hoard declined by $93.9 billion to $3.56 trillion at the end of August, from $3.65 trillion a month earlier. Economists surveyed by Bloomberg had forecast a median $3.58 trillion. The yuan weakened in offshore trading and 10-year Treasury futures contracts fell after the data.The reserves’ decline illustrates the cost to China as it props up its currency and seeks to stem an outflow of capital that threatens to deepen the nation’s economic slowdown. The shrinkage in reserves means less money flowing into the financial system, creating what Deutsche Bank AG strategists have termed “quantitative tightening.”“If the central bank continues its intervention, China’s foreign-exchange reserves will continue to shrink -- the heavier the intervention, the deeper the fall,” said Li Miaoxian, a Beijing-based analyst at Bocom International Holdings. While the People’s Bank of China is trying to talk up the yuan exchange rate, it’s “inevitable” the nation will see continuous capital outflows and yuan depreciation pressure in the coming months.The offshore yuan traded in Hong Kong erased gains after the reserves figures were announced. It was trading down 0.2 percent at 6.4827 a dollar as of 6:07 p.m. local time. Ten-year Treasury futures contracts fell 10/32, or $3.13 per $1,000 face amount, to 127 15/32.Chinese officials telegraphed confidence in the economy’s underlying solidity, predicting a stabilization in stocks and the currency at a gathering of Group of 20 finance chiefs Friday and Saturday. The G-20, meeting in Ankara, pledged to avoid tit-for-tat currency devaluations; the U.S. Treasury chief separately said that China should avoid persistent exchange-rate misalignments.The biggest drop in China’s currency in 21 years last month spurred concern that a weaker yuan will hurt countries exporting to China.China’s reserves more than tripled in the past decade as the PBOC bought dollars to slow the yuan’s appreciation amid a swelling trade surplus. To ensure the influx of money didn’t spur a surge in inflation, the central bank raised the required reserve ratio for banks. With reserves now in reverse, the central bank has lowered reserve requirements, with economists forecasting further reductions. Expectations that the U.S. will increase interest rates for the first time since 2006 this year are also luring funds from China, which has been loosening monetary policy since November.“The hope for the PBOC, we believe, is that extreme selling pressure on the yuan subsides and they can allow a moderate depreciation to restore export competitiveness,” Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a note. “The fear is that today’s data will reinforce the market view that the only way for the yuan to go is down, and further accelerate capital outflows.”A sustained shift from buying to selling from China would add pressure for Treasury yields to rise, the analysts wrote.“The central bank won’t be so stupid to let its foreign-exchange reserves shrink by $100 billion every month,” said Li Jie, head of the foreign-exchange reserve research center at the Central University of Finance and Economics in Beijing. “If the market really wants the yuan to weaken, the PBOC may say ‘ok, let it be’ and reduce its intervention.”
Asian Stocks Extend Retreat With Oil as Chinese Markets Resume-Emma O'Brien-Updated on September 6, 2015 — 9:10 PM EDT-bloomberg
The slump in stocks and commodities continued into Asian trading, with futures pointing to a selloff in Chinese equities following a holiday break.The Asia-Pacific benchmark headed for its lowest close since November 2012 as futures traders bet Shanghai stocks will fall on their first day of trading since Wednesday. Copper and nickel slipped with crude oil, while Malaysia’s ringgit led emerging-market currencies lower. The yen held gains after posting its biggest advance of 2015 last week amid anxiety in markets.“Trading in Asia today will be driven by two major factors: the delayed response to Friday’s nonfarm payrolls number and the reopening of the Chinese stock markets,” Angus Nicholson, a markets analyst in Melbourne at IG Ltd., said in an e-mail to clients. “Both of these factors are likely to spur further selling in Asian markets today, with the outcome of the Chinese market reopening being the greater cause for concern.”China worked to soothe concern over its economy at the Group of 20 meeting in Turkey at the weekend, with officials predicting stabilization in the currency and stock markets. Friday’s payrolls report showed that while wages and the number of hours worked increased last month, the U.S. added fewer workers than expected, leaving bets on a rate hike in September around 30 percent. International Monetary Fund chief Christine Lagarde emphasized that the Federal Reserve must be certain the U.S. can handle higher rates given the impact it will have on the global economy.Stocks-The MSCI Asia Pacific Index slipped 0.6 percent by 10:06 a.m. in Tokyo, as Japan’s Topix index lost 0.6 percent. FTSE China A50 Index futures slid 0.8 percent in Singapore, while contracts on the Standard & Poor’s 500 Index gained 0.2 percent after the index fell 1.5 percent Friday, ahead of a three-day weekend in the U.S. Markets in Canada and Brazil are also shut Monday.Energy producers and mining stocks drove Australia’s S&P/ASX 200 Index down 1 percent, while the Kospi index in Seoul declined 0.3 percent, extending last week’s 2.7 percent drop.Gauges of volatility in Japanese and Korean stock markets rose for a second day, following a 8.6 percent bounce back in the Chicago Board Options Exchange Volatility Index Friday. The gauge of expected U.S. stock swings, known as the VIX, reached a an almost four-year high on Aug. 24.The MSCI All-Country World Index also retreated, losing 0.1 percent in early Monday trading after sinking 1.7 percent on Friday. More than $8 trillion has been erased from the value of global equities since Aug. 11, when China roiled markets by unexpectedly devaluing its currency. Concern over the slowdown there and the potential impact of higher U.S. borrowing costs has fueled swings in equity to currency and commodity markets the past month. Commodities-Copper and nickel fell at least 0.2 percent after also retreating on Friday, while oil decreased a second day.West Texas Intermediate crude sank 1.5 percent to $45.37 a barrel with all electronic transactions to be booked with Tuesdays for settlement purposes because of the Labor Day holiday in the U.S. Brent also slipped a second day, losing 1.3 percent to $48.99 per barrel after Venezuela proposed an OPEC summit to stabilize prices amid a global oil glut.Gold -- which despite its reputation as a haven has been wrong-footed by the recent market gyrations -- was little changed at $1,122.03 an ounce following a three-day drop. While the payrolls gain trailed economists’ estimates, the U.S. jobless rate dropped to a seven-year low, the Friday data showed, driving home that while it may not happen this month, U.S. rates are on the rise.-Currencies-In the foreign exchange markets, developing-nation currencies caught up with Friday’s action, while Australia’s dollar pared some of last session’s slide to a six-year low.The ringgit, which is already at a 17-year low, weakened another 1 percent as Korea’s won slipped 0.5 percent and New Zealand’s dollar lingered near its lowest level since 2009. The yen maintained two days of gains, trading at 119.08 per dollar after gaining 2.2 percent last week.China’s yuan climbed 0.2 percent in offshore trading to 6.4532 per dollar. G-20 leaders pledged to avoid a currency war in the wake of the yuan’s devaluation, the first time they have used such language since 2013. Chinese Finance Minister Lou Jiwei told the meeting he expects Asia’s largest economy to grow at a rate of about 7 percent over the next four or five years, according to an account on the PBOC’s website.Intervention in the market helped ease Chinese stocks into last week’s two-day break, with the Shanghai Composite Index set to reopen at the same level it traded at Aug. 27. People’s Bank of China Governor Zhou Xiaochuan said in a statement at the weekend that the rout in Chinese equities is close to ending, and that the state’s actions prevented systemic risk by stopping a free-fall.China will deliver an update on its foreign-currency reserves Monday, providing investors with some idea of how much has been spent by regulators to shore up local markets and the yuan. Singapore and Indonesia also report on reserves, while Taiwan issues trade data.-Bonds-Bonds in Asia shrugged off Friday’s gains in U.S. Treasuries, with yields on 10-year Japanese notes rising one basis point, or 0.01 percentage point, to 0.37 percent. Rates on similar maturity Australian debt climbed two basis points to 2.65 percent. Yields on Treasury notes due in a decade ended Friday down four basis points to 2.13 percent. Odds the Fed will raise rates at their meeting next week are at 30 percent, up from 26 percent before the jobs data, though below the 48 percent priced in before China’s surprise yuan depreciation on Aug. 11. Payrolls rose by 173,000 workers, training the 217,000-person increase projected by economists. The jobless rate sank to 5.1 percent for August.“The overall tone of the data was certainly solid enough to leave the Fed in play later this month,” Philip Borkin, a senior economist in Auckland at ANZ Bank New Zealand Ltd., said in a note to clients. “But to be fair, the Fed’s decision of whether to hike or not is not really about the labor market, it hasn’t been for a few months now. The main questions -- and what is polarizing markets and creating plenty of debate -- are the outlook for inflation, the impact of tighter financial conditions and the state of the global economy.”
Markets, China, and Whaling: What We Learned This Week-September 4, 2015 — 1:06 PM EDT-BLOOMBERG
1) The Great August Equity Sell-off Shows No Signs of Abating-After China woes triggered the worst global monthly stock slump in more than three years, a mixed U.S. jobs report further muddied the outlook for interest rates ahead of the Fed's next meeting (Sept. 16-17). Things don't bode well for September — historically the worst month of the year for the Standard & Poor's 500 Index. The equity benchmark falls about 1.1 percent on average this month, based on data going all the way back to 1927. This quarter is already on track to be the S&P 500's worst in four years. Can we just skip to October? 2) Few Think China Can Rescue The Market-As a military parade in China neared to celebrate victory in World War II, state-backed funds intervened in the stock market to support prices and prevent a rout from clouding the event. Thousands of factories were closed and cars banned from the roads to eliminate Beijing's now- notorious pollution. But as Bloomberg's Kana Nishizawa reported, options traders are betting big the government can't control the market forever. The cost of bearish contracts on the China 50 exchange-traded fund (ETF) has surged to the highest level versus bullish ones since they started trading in Shanghai six months ago. This so-called skew also climbed to a record for a similar ETF in the U.S., even as government buying drove China’s benchmark index to a 10 percent rally in the final two days of last week. 3) Not All Endangered Whales Are Endangered Everywhere Whaling might be banned under a mortatorium rooted in international law, but not all key players agree with why that is. Iceland, that volcanic outpost in the far north Atlantic, continues to hunt whales under objection to the moratorium. (Norway, which also whales, does so under reservation. It’s a different thing.)Iceland justifies its hunting – even of species such as the fin whale, listed as endangered on the IUCN Red List – because it has confidence that the whale population in its sector of the ocean is healthy and sustainable. It’s a view that has put the country at the heart of the dispute between conservationist and traditionalists like Kristjan Loftsson, the country’s leading whaler, and Stefan Ulfarsson, a well-known restaurateur.Bloomberg’s Tom Mackenzie and Ed Kiernan found out more.By Trista Kelley, Kana Nishizawa and Adam Blenford. Edited by Tim Coulter
China’s Zhou Kept Saying the Bubble ‘Burst’ at G-20 Meeting-James Mayger-Updated on September 5, 2015 — 2:32 PM EDT-bloomberg
Zhou Xiaochuan, governor of China’s central bank, said three times to a G-20 gathering that a bubble in his country had “burst,” Japanese Finance Minister Taro Aso said.It came up in his explanation Friday of what is going on with China’s stock market, according to a Japanese finance ministry official.A dissection of the slowdown of the world’s second-largest economy and talk about the equity rout which erased $5 trillion of value was a focal point at the meeting of global policy makers in Ankara. That wasn’t enough for Aso, who said that the discussions hadn’t been constructive.Chinese stocks have plunged almost 40 percent since a June peak, triggering unprecedented intervention from the authorities. The central bank cut rates for the fifth time since November last month and lowered the amount of cash banks must set aside, falling back on its major levers to support equity prices and the slowing economy.It was China, rather than the timing of an interest-rate increase by the Federal Reserve, that dominated the discussion, according to the Japanese official, with many people commenting that China’s sluggish economic performance is a risk to the global economy and especially to emerging-market nations.Chinese Statement-Zhou was referring to a bubble in the stock market rather than the Chinese economy, Zhu Jun, head of the international department of the People’s Bank of China, said in an interview on Saturday, and the central bank put out a statement detailing Zhou’s remarks at the conference.“It’s clear there are problems in the Chinese market, and at today’s G-20 meeting, many people other than myself also expressed that opinion,” Aso said after a meeting of finance chiefs and central bank governors.The PBOC shocked global markets by allowing the biggest yuan depreciation in two decades on Aug. 11, when it changed the exchange-rate mechanism to give markets a bigger role in setting the currency’s level. That historic move would not get a mention in the communique, according to the Japanese official, who asked not to be named, citing ministry policy.
Chinese central bank governor says currency stable-Associated Press-SEPT 6,15-YAHOONEWS
BEIJING (AP) — China's central bank governor says its currency has stabilized, in an apparent effort to dispel fears of more big declines following a surprise devaluation that rattled global markets.The yuan's exchange rate against the dollar "tends to be stable," Zhou Xiaochuan said at a meeting of finance officials of the Group of 20 major economies in Turkey on Friday, according to a central bank statement.Beijing said the Aug. 11 devaluation was part of efforts aimed at making the yuan's state-set exchange rate more market-oriented. But coming without warning amid a collapse in Chinese share prices, it caused anxiety in financial markets.Zhou's comments appeared to be aimed at quelling fears Beijing might allow the currency, also known as the renminbi, to fall further to help its struggling exporters by giving them a price advantage. The devaluation had spurred warnings of a possible "currency war" if other governments responded by lowering their own exchange rates."At present, the exchange rate of the RMB against the dollar tends to be stable, and most of the correction of the stock market has taken place, so the financial market is expected to be more stable," the statement read.Zhou said Beijing was committed to carrying out economic reforms despite recent turbulence in its financial markets.Also at the G-20 meeting, Finance Minister Lou Jiwei tried to defuse concern about the slowdown in Chinese economic activity, saying Beijing is "not especially concerned" about short-term fluctuations and will stick to its reform plans.The ruling Communist Party is in the midst of a marathon effort to encourage domestic consumption and reduce reliance on trade and investment to drive growth. It has promised to give market forces a bigger role in the state-dominated economy.Concerns have mounted, however, that growth is slowing too abruptly after July exports and auto sales contracted and August factory activity weakened.Lou said the Chinese government expects economic growth of "about 7 percent" this year, according to the central bank statement."China is in line with plans and will stick unswervingly to 'reform and opening up,'" he said.
China Tells World's Top Economies Its Turmoil Is Set to Subside-Michael Heath-September 6, 2015 — 12:00 PM EDT-bloomberg
Senior Chinese officials have telegraphed confidence in their economy’s underlying solidity, predicting a stabilization in their stocks and currency in a presentation set to be tested in coming weeks.With concerns about China’s outlook helping trigger the biggest monthly sell-off in global stocks in more than three years in August, a gathering of Group of 20 finance chiefs Friday and Saturday focused on China’s efforts to shore up its economy. People’s Bank of China Governor Zhou Xiaochuan said in a statement that the rout in Chinese equities is close to ending, and that state intervention prevented systemic risk and stopped a free-fall.“We think it’s pretty close to the end,” Zhu Jun, head of the international department at the People’s Bank of China, said Saturday. “To some extent the leverage in the market has been decreased substantially, and we think there would be no systemic risk.” He added that last month’s devaluation of the yuan wasn’t designed to gain advantage over other exporting nations.The G-20, meeting in Ankara, pledged to avoid tit-for-tat currency devaluations; the U.S. Treasury chief separately said that China should avoid persistent exchange-rate misalignments. The biggest drop in China’s currency in 21 years last month had spurred concern that a weaker yuan will hurt countries exporting to China.Exports, Manufacturing-Trade data this week are forecast to show another drop in Chinese exports for August, underscoring a continued slowdown in the world’s No. 2 economy. With reports last week indicating a deterioration in manufacturing last month, policy makers may be counting on a turnaround in infrastructure investment in the wake of monetary and fiscal initiatives.“The Chinese economy’s fundamentals are fine,” Yi Gang, deputy governor of the Chinese central bank, said Friday. “No one can predict exactly on the market volatility, but I’m confident that the renminbi exchange rate will be more or less stable around the equilibrium level,” he also said, using another term for the yuan.The G-20 met against the backdrop of an almost 40 percent plunge in Chinese stocks since a June peak. The slide had spurred the central bank to cut interest rates for the fifth time since November and lower the amount of cash banks must set aside in reserve.President Xi Jinping is trying to shift China from high-speed, debt-fueled growth to a more consumer and services-driven economy. Most of the nation’s G-20 counterparts accepted its plans to minimize disruption as it does so, with the exception of Japan.“China is definitely trying to play a constructive role,” Canadian Finance Minister Joe Oliver said in an interview Friday. “It is the second-largest economy in the world and so when it slows down it has global implications. That is I think what we are dealing with.”-Japan Reacts-Japanese Finance Minister Taro Aso was skeptical. “They may have tried to be constructive,” he told reporters Friday night after the first day of talks. “But they weren’t detailed enough.”Aso said that although the G-20 statement didn’t mention China by name it was clear that the group’s concerns about market volatility were directed at officials in Beijing.U.S. Treasury Secretary Jacob J. Lew told Chinese Finance Minister Lou Jiwei Friday that it’s important for China to signal that it will allow market pressures to drive the yuan up as well as down.Also undermining markets is the projected move by the U.S. Federal Reserve to raise interest rates later this year. Capital flows into emerging-market economies dropped in August by the most since 2013, according to the Institute of International Finance. Morgan Stanley in recent days cut its growth forecast for emerging markets in 2015 to 4.1 percent from 4.8 percent amid downgrades for China, Brazil and India.-Lowering Forecasts-The challenge for China’s policy makers will be trying to assure stable markets should economic data continue to deteriorate. JPMorgan Chase & Co. analysts are among those that have pared their projections for China’s gross domestic product, to a 6.9 percent gain for 2015, from 7 percent previously."The ongoing economic restructuring will help the China economy to achieve sustainable growth in the long run, but the deceleration in traditional sectors tends to dominate the acceleration in new sectors during the transition period," JPMorgan economists including Haibin Zhu wrote in a note last week.While next week’s August industrial production report is likely to show an improvement, the numbers could flatter the real picture, according to Goldman Sachs Group Inc. economists.“It’s the result of a tug of war between shutdowns for the special events, the World Athletic Championship and World War II memorial, and policy loosening measures which intensified,” Goldman analysts said in a research report preview. “Due to the exceptionally low base from August last year, which was negatively impacted by low temperature and the Youth Olympic related shutdown, the pickup in industrial production year-on-year growth will be more obvious.”
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/rumours-next-year-european-union-is.html
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
