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Warnings Unheeded: In Greece, You Can’t Get Your Money – But That’s Insignificant – China’s Going Down

Sunday, June 28, 2015 2:06
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On Saturday the Peoples Bank of China cut the benchmark rate and the Reserve Requirement Rate rate as Chinese stocks declined big-time last week. The one-year lending rate drops to 4.85% and some lenders will see RRR fall 50bps.

In a statement, the PBOC said both steps were aimed at lowering borrowing costs and ”stabilising growth” in the world’s second-largest economy.

The only reason it avoided a 20% fall is because of China’s rule that all stocks must stop trading when they hit +/-10%, without that rule panic may have taken over.

Here’s more from:

shtfplan.com / Mac Slavo / June 27th, 2015

With the eyes of the world on Greece and a possible collapse of the of the Eurozone as a likely end result, many are ignoring a potentially much more massive elephant in the room. It’s been the hottest market in the world, so flush with cash that they have actually built entire ghost-cities lacking populations and mega shopping centers without tenants – a clear sign of bubble waiting to be pricked. But the inevitable seems to now be taking hold as once unstoppable Chinese stock markets are now reversing the unprecedented gains seen over the last several years.

Forget Greece. We’ve seen that story before. This could be the first domino:

The Chinese market is in an all-on crash.

Last night the Shanghai index was down 8%, and while there have been some wild recovery rallies during the last couple of weeks as well the cumulative loss is close to 20% at this point, the formal “declaration” of a bear market.

That market had been in a parabolic blow-off since roughly December, a classic (to a chartist) three-stage parabolic move with two retracements.  The most-recent move down, however, threatens to violate the uptrend support originated back in November and has already erased the gains since May.

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The post The Market Detonation You’re Ignoring: “The Chinese Market Is In An All-On Crash” appeared first on Silver For The People.

Source: http://silveristhenew.com/2015/06/27/the-market-detonation-youre-ignoring-the-chinese-market-is-in-an-all-on-crash-2/

Watch this video:

The Money GPS ~ Author Exposing the Truth

Sources:
china dollar economy stock market crisis financial
http://www.alhambrapartners.com/wp-co…
“ABOOK-June-2015-China-Ex.jpg 641×361 pixels” 
http://www.alhambrapartners.com/wp-co…
“ABOOK-June-2015-China-Im.jpg 641×361 pixels” 
http://www.alhambrapartners.com/wp-co…
“George Soros says America needs to make friends with China – Business Insider” 
http://www.businessinsider.com/george…
“Australia/China Free Trade Agreement: Good for exports, less good for national sovereignty” 
http://www.smh.com.au/federal-politic…

 
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