TennWolfMan: hi–the reason there is no intel is because we are at the end of the race–nothing left to do or say except crossing the finish line and cheering
Kman: Historic First: North Atlantic EMPTY of Cargo Ships in-transit – ALL anchored along coasts; none moving ……..https://www.superstation95.com/index.php/world/750
Ivantulafitov: KMAN what does that mean ,,, why arent they moving?
Billnmas: that means that no ships going either direction delivering or shipping product……they are trying to tell you the world economy is coming to a screaching halt
Ivantulafitov: I googled this ” North Atlantic EMPTY of Cargo Ships in-transit – ALL anchored along coasts; none moving” and it is on mostly fringe blogs…. reposted everywhere I dont know how true it is looks like not real news to me
KMan: Ivan, probably because the main stream media was told not to touch the story. The original source was the AP ( associated press.
KMan: All we can do is watch the markets for any sign the train is falling off the tracks. S&P furures are already down -14. If they keep dropping this evening, the DOW will break below 16,000
Speedy: Futures down, the Market will follow !!!
Asia Markets down 1.5 to 2.5% http://money.cnn.com/data/world_markets/asia/
Julie: If you watch the movieThe Big Short you will see all the coruption that we don’t even understand.
Honorfirst: This has been forseen for at least 5 years that I can recall. Remember that first they [PTB] need to develop a problem, then a crisis, then have the public clamboring for a solution, then a ‘leader’ will say ‘follow me, I know the way’ [imf] THEN there will be the reset. I pretty much believe we are here…now.
SassyD: MOVIE:……. The ‘BIG SHORT’ Gets It Right — Jan 6, 2016 10:34 AM EST — One of the most widely anticipated films of the holiday season was released to big audiences and wide acclaim. It tells the tale of an epic battle between the forces of light and darkness…… http://www.bloombergview.com/articles/2016-01-06/the-big-short-gets-the-financial-crisis-right …
Kman: CHINA ORDERS BANKS TO STOP PURCHASING U.S. DOLLARS!
Sunday, January 10, 2016
CHINA ORDERS BANKS TO STOP PURCHASING U.S. DOLLARS!
China’s foreign exchange regulator has ordered banks in some of the country’s major import and export centers to limit purchases of U.S. dollars this month, three people with direct knowledge said, in the latest attempt to stem capital outflows.
The move comes as China reported its biggest annual drop in foreign exchange reserves on record in 2015, while the central bank has allowed a sharp slide in the Yuan currency to multi-year lows, raising fears of more capital flight.
All banks in certain trading hubs, including Shenzhen, received the order recently, the people added. They declined to be identified because they are not allowed to speak to the media.
The total amount of U.S. dollars sold to clients in January for a bank in one of these hubs cannot exceed the amount sold in December, according to the people.
All banks in certain trading hubs, including Shenzhen, received the regulator’s order recently, the sources added. They declined to be identified because they are not allowed to speak to the media.
“It will have some impact, because it is a form of control, but at the moment the limit doesn’t seem very restrictive so unless they extend the period of the limit, it’s unlikely to change volumes over the whole year,” said a senior banker in the foreign exchange department of a foreign bank. “It’s just to stop panic buying this month,” the banker added.
Confirmed by Financial Times of London.
The foreign exchange regulator has provided verbal guidance to banks in Shenzhen instructing them to limit dollar buying by individual and corporate clients, according to a person with knowledge of the situation.
The official Shanghai Securities News cited client managers at banks in Shenzhen including Industrial and Commercial Bank of China and Bank of China as saying that demand for US and Hong Kong dollars had increased sharply since the start of the year. Chinese residents are permitted to buy up to $50,000 annually, with the quota resetting at the beginning of the calendar year.
“They’re focused on Shenzhen and Shanghai because that’s where demand has really spiked,” said the person.