Saturday, December 03, 2016

Of course it is.

China is building a replica of the Titanic.

Can countries sink to the bottom of the sea?  This particular rendition of the Titanic will not even sail.  A massive construction project to build an enormous boat which will never drop anchor.

Patrons of the Restaurant China have had a nice dinner, but it is time to skip dessert and request the check.


Friday, June 24, 2016

Interesting to note...

...that the "sell of" of Brexit is the market returning to the levels of 10 days ago.

This is cosmetic.

Monday, February 01, 2016

Poof

Abracadabra, sayeth the magician...

Its also no wonder housing prices in the U.S. Cascadia region as well as British Columbia have exploded.  Will the last politically connected corrupt billionaire please turn off the lights before they leave?

Authorities in China have arrested 21 people on suspicion of defrauding almost one million Chinese investors of 50bn yuan (£5.3 billion) after an online peer-to-peer lender turned out to be a giant Ponzi scheme, state media has alleged.
Police used two mechanical diggers for 20 hours to retrieve 1,200 account books that were buried six feet underground as part of the investigation into one of the biggest financial frauds in the country’s history, Xinhua state news agency said.
A total of 21 people were arrested at Ezubao, the company at the centre of the scam, which rose to become China's largest online financing platform in just 18 months.
The firm launched in July 2014 and attracted business by offering investors annual returns of between 9pc and 15pc, far higher than mainstream financial products.


Monday, November 30, 2015

Three dominant themes...

...of this blog during the previous five years have been:

1.  The Chinese Crazy Crony Capitalism Corruption Crisis ("CCCCCC"™,®)

2.  The EU experiment, lacking in real amphictyonic cohesion, doing its best to proxy the CCCCCC in creating a new elite class of largely unaccountable and disinterested technocrats with entirely predictable results.

3.  Rate Compression and deflation throughout the Western World.

All of these themes are now fully assimilated.  They are "known".  History will write itself over the next two years.

On to the next project.  Courage, and shuffle the cards dear readers.

Wednesday, October 07, 2015

When accountability is vacant...

...corruption takes a seat.  No-one should be "shocked and deeply troubled" by this.


Friday, September 25, 2015

Still in the tunnel...



...of volatility.  I don't expect an exit until the holidays, one way or another.

Tuesday, September 08, 2015

Cnidarian Bleaching...

...occurs during the sudden collapse of symbiosis between corals and the polyps that reside in them.  This may be caused by many factors and scientists appear to be unable to consistently predict which causal factor determines the final outcome.

There are many factors contributing to the collapse of symbiosis between the U.S. and China, a significant one being the importation by China of U.S. fiat currency policy without associated oversight and built-in safeguards and failsafe mechanisms not implemented but evolved from experience with the shortcomings and dangers of the policy.

A major liquidity crisis is underway and the paper dragon is not equipped to counter its effects...and will find few friends given its myriad other objectionable political positions.

I note also China has announced it "intends" to cut its military personnel by 300k.  This announcement was made at a military parade.

Subtle.