Tuesday, August 25, 2015

Lord Stirling's News Blog EUROPE



 Lord Stirling's News Blog EUROPE

Holy Shroud of Turin

  Powerful prayer to St. Michael the Archangel - video ~ link
AVE MARIA - by Helene Fischer - video ~ link

ORTHODOX CHERUBIM HYMN - video  ~ link  

AVE MARIA by Perry Como - video ~ link 

Pray for Peace

On the Road to the Third World War

Armageddon also means that the Second Coming of Christ is near


News Flash: Asian Stock Markets in Fresh Falls ~ link

Asian stocks continued to fall on Tuesday but the drop was less severe than analysts had feared after Monday's dramatic global sell-off. Japan's Nikkei 225 took the hardest hit in the region, down by 3% to 17,970.32. 

The drop came after record losses at the Shanghai Composite in China and sharp falls in Europe and the US on Monday. 

Behold Insanity ~ link ~ Check out the graphs at the link.  Stirling 

This is not normal... Dow futures moved over 4,500 points intraday today!!! 

Yuan Devalues as Deposit Rate Spikes to Record Highs; Chinese Stocks Continue Crashing ~ link ~ Again, check out the graphs at the link ... very impressive!  Stirling    

Following yesterday's bloodbath (and the continued carnage around the world), AsiaPac stocks are lower with Japan unable to mount any sustained bounce despite every effort to lift JPY. The propaganda-fest is in full swing as Amari claims JPY is safe-haven asset and Aso denies any coordinated G7 response is being planned (which means they are all feverishly trying to figure out how to 'save' the world again from a 4-day stock drop). China is ugly with stocks down hard in the pre-open (CSI-300 -4.3%) as offshore Yuan depo rates spike to 22.9% - a record high - as liquidity outflows must be accelerating (as PBOC adds another CBNY150bn liquidity). China devalues Yuan 0.2% - most in 11 days.
Carnage -
  • *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 6.3% TO 3,070.01
This is the 5th day of crashing Chinese stocks in a row...

Crunch Time Approaches - The Clock Is Running Out For Us ~ link

World trade is grinding to a halt. There are no economies in recovery that can pull us out of our current economic malaise. The Baltic Dry Index measures large scale shipping activity. It is at an all time low. Inventories are up. Retail sales are down. Auto sales are crashing despite the growth in really bad auto loans. The Chinese stock market is down despite the creation of something called Securitized Margin Debt. These are bonds that someone has guaranteed. 90% of these bonds have a AAA rating. This proves two things. China is in worse shape than we imagined. And Chinese people are not as smart as we thought.

Peter Schiff had the best insight into the devaluation of the Chinese yuan. He said that the euro is down 30 cents against the dollar and that the Yen is also down. When NAFTA was passed the Chinese pegged their currency against the dollar. This shut down 57,000 manufacturing plants in the US which was very bad for 99% of all Americans but very good for Wall Street and China. What the Chinese did last week was to allow the market to correct a few percent the value of their currency. But they also removed their link to the dollar so that in the future they will no longer have to buy dollars and US Treasury bonds to maintain a subsidy to American politicians and consumers. And that is very bad news for Washington politicians and the people who vote for them.

It means that in the future the only one left standing to finance American deficits will be the Federal Reserve’s printing press. That means Hyperinflation as soon as foreigners start dumping dollars. Hyperinflation will mean that the food on our store shelves will be too expensive for the bottom half of society to buy. Wall Street is hoping that 315 million Americans will use 350 million guns to kill each other at the grocery stores.


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