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AUGUST 2007 PROPHECY(?) ABOUT CHINA'S STOCK MARKET CRASH NOWADAYS...

Posted By: FrancisDrake
Date: Tuesday, 7-July-2015 22:24:03


This was posted on Rumormillnews in August 2007, and I've kept my eye on Chinese stock markets ever since then:

http://web.archive.org/web/20080123095137/http://johngaltfla.com/blog2/2007/08/16/the-nightmare-crash-no-one-talks-about/

The Nightmare Crash No One Talks About
Posted in Financial Charts/Links at 9:39 am by Administrator
August 16, 2007
By John Galt

excerpt: "...Assuming the Communist Chinese experience a correction in their markets of twenty-five percent, that would rattle our markets even further to the down side for several reasons, the least of which is that our hedge fund morons invested in a Communist country thinking they can manipulate people who have nuclear warheads pointed at their own offices. This correction could easily snowball into a full blown crash which would be a logical leap since the only way the Communists know how to control bad events is to shoot people or run them over with tanks. This would create a liquidity crisis at home as the average citizen in China would want their money immediately and almost all of them would try to sell all of their holdings at the same time. The safeguards that worked so well here in 1929 and 1987 will fail there as usual, and create a liquidity crisis in Communist China that will crash the U.S. Treasury market almost instantly..."

The author of that warning/prophecy, John Galt, is šll over the current Chinese stock market crash, hour by hour at http://johngaltfla.com/wordpress/ latest commentary there reads: "...by John Galt July 7, 2015 21:20 ET Uh oh, here we go again as the Deathburger has now mutated into a Deathgyro...despite a World Police Plunge Protection Team effort to jack up equities globally starting with the US markets, events tonight have returned the act of short covering back into shorting the only markets one can as China and Greece rapidly push the Western banking system to the brink..."

Drudgereport links to this article:

http://www.telegraph.co.uk/finance/china-business/11725236/The-really-worrying-financial-crisis-is-happening-in-China-not-Greece.html


China looks like it is heading for its version of the 1929 stock market crash....

Posted 15 minutes ago by Reuters:

http://www.reuters.com/article/2015/07/08/us-markets-global-idUSKCN0PI01120150708

"Asian shares tumbled on Wednesday and the safe-haven yen rallied as Chinese stocks remained in a tailspin, shaking investors already rattled by Greece's debt crisis.

"The drop in China extended a savage correction that has clipped 30 percent off Chinese shares since mid-June, threatening a new blow to the country's already slowing economy despite a slew of market support steps from Beijing.

"Japan's Nikkei stock index .N225 fell 1.5 percent, roiled by both China's dent to regional sentiment and the stronger Japanese currency.

"Shanghai's benchmark composite index .SSEC was down 6.4 percent, while the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen slipped 6.7 percent.

"Chinese media reported that possibly more than half of China's listed companies have suspended or will seek trading suspensions in an attempt to escape the market rout....."

Maybe a pic of a tsunami is in order...


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