Ya gotta hand it to the Communist Chinese: for, as shown here:
…they are currently throwing one heck of a caviar-and-champagne-fest, under the guise of an “Economic Reform Forum”.
However, infesting this little get-together is every single Western Pigman bankster and his brother, all offering their “fixes” for the Global Monetary Ponzi System.
None of said “fixes”, though, include:
1. Abolishing fiat currencies and reverting to a specie-backed money.
2. Outlawing fraudulent fractional reserve lending practices.
3. Dismantling criminal central bank enterprises
4. Shutting down the “Shadow Banking” system of securitization/derivatives
Speaking of that not-so-little Shadow Banking issue, here is a link to a talk from the meeting:
…whereby it is revealed that China’s Shadow Bank system has amassed a whopping, eye-popping:
….(or approximately five-trillion U.S. fiatscos) of debt, all backed by such “sure-fire” investments as empty cities and exotic CDO-type instruments.
Hmmm, what could possibly go wrong with that?
Yet, this revelation isn’t what shocked a jaded and cynical Spock. Nope, that honor goes to this little-known secret, also revealed between sips of Moet and mouthfuls of Beluga:
And that is that China–whom a naive Spock thought was “debt free”–has a staggering:
TWO-HUNDRED AND TWENTY-PERCENT DEBT-TO-GDP RATIO!!…
…proving that even so-called “Prudent Commies” are running their own–albeit somewhat smaller than other nation’s–Ponzi Monetary System.
(Spock Conclusion): Don’t be lookin’ for no real reform to come from this gathering. Rather, simply expect more of the same, with the addition of a few hangovers and indigestion on the part of the AlphaPig attendees.
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes.
I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.
These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance.