Self-fulfilling Time Line by Erick San Juan

There are now several videos and articles going around or shall we say – trending on the internet particularly the things that will happen in September.

Are these the globalist’s self-fulfilling assessments and programmed scenarios? It is like saying to us that we have to prepare for the worst and pray for the best. The crisis by design is on.

Michael Snyder wrote something about this in his article last August 17 – “Even after everything that has been said and written in the alternative media about what is going to happen during September, most Americans are still completely ignorant about the history changing events that are going to take place next month."

First of all, the most important template for global governance that the United Nations has ever dreamed up is going to be launched at a major conference from September 25th to September 27th.  The launching of this “new universal agenda” is such an important event that Pope Francis is going to be traveling to New York City to give the address that will kick off this conference.  This new plan is known as “the 2030 Agenda“, and it is being called “Agenda 21 on steroids”.  This is one of the most significant steps toward global government in the history of the world. Translation: a one world government becoming a reality this time.

Secondly, we also know that a major push for the establishment of a Palestinian state is being planned for September.  It has been widely reported by the international media that France plans to submit a UN Security Council resolution which would formally recognize a Palestinian state for the first time ever.  This is one of the most critical moments in the modern history of the Middle East, and yet the mainstream media in the United States is saying virtually nothing about it.

In September we also have the end of the Shemitah year, the fourth blood moon, the end of the Jade Helm exercises.  Despite the denial of NASA, we were alerted by a possible impact of a large asteroid named Nibiru or 'Planet X'. All over the Internet there is rampant speculation about a major stock market crash, devastating natural disasters and the weird “coincidences” that are pointing to the date of 9/23.

And even though articles and videos that discuss all of these things are going viral all over the Internet, the mainstream media in the United States has been strangely silent about all of it.”

Why is this so? Are the Americans in denial of the impending economic earthquake as what Snyder wrote - "When I first came across Sputnik News (a fully owned and operated by the government of Russia) and it is an international multimedia news service launched on 10 November 2014 by Rossiya Segodnya, which was created by a Decree of the President of Russia on 9 December 2013. Sputnik replaces the RIA Novosti news agency on an international stage (which remains active in Russia) and Voice of Russia.

And I have to admit that Sputnik News is willing to address many things that the corporate-controlled media in the U.S. simply will not touch.  For example, the following is from a recent Sputnik article about the financial crash that is coming this fall…"

The founder of Trends Research, who predicted the “panic of 2008,” believes that soon we will witness the crash of a global stock market and predicts “the economic earthquake [that] will send reverberations around the world”.

“There’s going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil.” Gerald Celente told King World News. “You’re going to see one market after another begin to collapse.”

Analyst Larry Edelson took the fear to the next level as he even predicted the exact day the catastrophe begins, or, as he called it, a “roller-coaster ride through hell.”

“On October 7, 2015, the first economic super cycle since 1929 will trigger a global financial crisis of epic proportions.” He said.

“It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen.”

In one recent article, RT was even willing to discuss the coming end of the Biblical Shemitah year in September. The report also jive with the Internet's Red Flag News of big list of 33 things to happen in September by Michael Snyder saying that next month will change history. He advised everyone to prepare for what you believe will happen. He added that Rabbi Chaim Kanievsky, an ultra orthodox Jew has indicated that the 'messiah' that the Jewish people are expecting could come at this time. While the Muslims are expecting for their 'Mahdi' to come and the Days of Awe by Christians waiting for the return of Jesus Christ..

Indeed, the hysteria over next month has reached such a fever pitch that even  seasoned experts are cracking open their dusty Bible for signposts.”

Yes, the ‘signs of the times’ are quite scary and most of them will happen next month that are actually man-made or planned agenda by the globalists. But the mere fact that most of these events will coincide with natural and biblical confluence of events – is the world coming to an end soon?
 

The War Has Started

The War Has Started
By Erick San Juan


In recent years, Japan, the U.S. and Europe have been accused of fomenting currency war by employing monetary stimulus that drove down their currencies. These accusations were off base: by boosting domestic spending with easier monetary policy, everyone, including their trading partners, benefited.

But China’s move this week to devalue the yuan is an exception. Because, its action was not part of a broader monetary boost, the effect will be to siphon demand from its trading partners while giving nothing in return. It is a zero-sum game and thus the first shot in a currency war. (Source: http://blogs.wsj.com/economics/2015/08/13)

Basically, the hype that Chinese economy is doing great and that it had so much money to be spending much on military upgrades were all just simple hype. Sounds familiar? Remember my article about how the Soviets in the 90's were gypped by Gorbachev's 'Perestroika' and 'Glastnost' and his globalists counterpart that USSR is the next economic miracle? It was only during the chopping of the Berlin wall which I witnessed in November 1989 that the world found out that the eastern establishment had already collapsed (pls read it at ericksanjuan.blogspot.com).

In China, growing domestic problems, the infighting among the princelings, too much corruption at the top level, pay back time for overseas Chinese who have supported mother China to be great but conniving with some corrupt members of top Politburo officials in their alleged money laundering operation, President Xi Jinping's alleged corruption was even exposed by Bloomberg and his counter move of blame game and jailing former and present leaders of China he perceived as corrupt, the latest freefall of China's stockmarket, housing and infrastructure bubble that cannot be kept secret anymore pushed its leaders to start the currency war.

In an interview with Rajiv Biswas, Asia-Pacific chief economist at HIS by Al Jazeera, focusing on China's yuan and a potential global currency war, Biswas cited the following – “China's decision to devalue the yuan against the US dollar reflects concerns about the weak performance of the Chinese export sector this year... The sector has faced a perfect storm of sluggish global demand for its exports and eroding competitiveness due to rising Chinese manufacturing wages, as well as the depreciation of the euro, yen, and many other emerging markets' currencies against the US dollar this year.

With the US Federal Reserve expected to begin lifting its policy interest rate soon, which would have put further downwards pressure on the euro, yen and emerging markets' currencies, pressure had built up for the Chinese government to allow the yuan to move lower against the US dollar before the Fed rate hike.

Although President Xi and Premier Li Keqiang have made economic reforms and a transition to domestic demand-led growth policy priorities, the sharp economic slowdown and stock market crash have forced them to take measures to stabilize the Chinese economy. The export sector has been a key growth engine for the economy...

While China will continue to make a gradual transition from an economy driven by investment and exports towards an economy driven by domestic consumption, this transition will take many years. Meanwhile during the current cyclical slowdown, the government is again having to resort to boosting its traditional growth engines of investment and exports to try to stabilize the economy, using its toolbox of currency devaluation to improve export competitiveness, and fiscal and monetary stimulus to boost domestic demand.”

The years that it will take for China’s economy to bounce back could raise discontent among its citizenry and may create an internal conflict in the process. Such situation may lead to what we have been saying all along that in order to pacify the growing frustration from the Chinese populace against its government, they have to go to war to unite them towards an outside enemy. Pundits believe that the illusionary 9 dash line and bullying could be the pretext for war to unite the angry Chinese people.

As I have been saying, the growing tension in the South and East China Sea, if not handled with diplomacy and by cooler heads might lead to a regional conflict. And with the alliances already in place, such conflict can trigger a global war.

Finally, from Mike Larson of Money and Markets - "this move is sure to worsen U.S.-China relations. U.S. manufacturers have already been suffering from a rising dollar, and politicians have lambasted China in the past for manipulating its currency to give its companies a relative advantage. This is going to increase those tensions significantly, and raise the possibility of retaliatory 'trade war' type actions."

Bottom line: The capital markets were already getting more volatile and risky, as I’ve been warning for several months. Now China is launching its most aggressive currency war in decades – threatening to add even more uncertainty and risk to the mix. So if you haven’t taken protective action, now may be a very good time to do so.

Nuke Free? Must Be Dreaming by Erick San Juan

Nuke Free? Must Be Dreaming
by Erick San Juan


Japanese Prime Minister Shinzo Abe on Sunday (Aug. 9) marked the 70th anniversary of the atomic bombing of Nagasaki by renewing his commitment to a nuclear weapons free Japan, following criticism for not making the same pledge on the anniversary of the Hiroshima bombing last week.

"As the only nation in the world to have suffered a war-time nuclear attack, I have renewed my resolve to play a leading role in pursuing a world without nuclear weapons and maintain the three non-nuclear principles," Abe said in Nagasaki Peace Park.

The "three non-nuclear principles" are Japan's long-standing policy of not possessing or producing nuclear arms and not letting others bring them into the country.

Japan's defense minister triggered a new row over controversial security legislation on Wednesday when he said the bills under consideration by parliament would not rule out the military transporting the nuclear weapons of foreign forces.

Abe's cabinet adopted a resolution last year reinterpreting the pacifist constitution, drafted by Americans after World War Two, to let Japan exercise collective self-defense, or defend an ally under attack.

The unpopular bills have already passed the lower house and Abe's ruling bloc has a majority in the upper house as well. But surveys show a majority of voters are opposed to what would be a significant shift in Japan's defense policy. (Reuters UK)

Shinzo Abe emphasized further his adherence to non-nuclear weapon stand and taking it to the next level, in the global community – “Regrettably, a draft final document could not be adopted at the 2015 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons, but Japan is determined to make even greater efforts toward realizing a world free of nuclear weapons as we continue to call for the cooperation of both nuclear-weapon states and non-nuclear-weapon states."

As an expression of that determination, the government of Japan will submit a new draft resolution on the total elimination of nuclear weapons at the United Nations General Assembly this autumn.

At the end of August, the Comprehensive Nuclear-Test-Ban Treaty Group of Eminent Persons meeting and the United Nations Conference on Disarmament Issues will convene here in Hiroshima, as well as the G-7 foreign ministers’ meeting next year. "Through these international meetings, we will send out our thoughts powerfully from an atomic bombing site as a message to the international community.”

The paradox of adhering to a noble cause like going against the use of nuclear weapons for a safer world and at the same time being a loyal ally to a country that has the most number of state-of-the-art nuclear war materiel. It sounds familiar as what we are experiencing here, the reason why the progressives especially the anti-nuke activists kept on reminding that our constitution specifically banned nuclear weapons in the country. Due to our loyalty to the ‘big brother’, we do away with sovereignty and just kowtow to a perceived master in the process. Plus China's bullying made us a willing agent of the west

Now the alliances built against a perceived common enemy (China) fit to the plans of the US in the encirclement of China and has laid the ground for its pivot to Asia. But some pundits asked – will there be a shooting war between the two ‘superpowers’ or just saber rattling and will use proxy wars and cannon fodders in the process?

According to Bangkaw of the Worldwide Filipino Alliance, all wars whether aggression or defensive are violent. It is all about violence. It doesn't matter who instigate.

The efforts of nations especially at the ASEAN, now divided too, is a reflection that so many unresolved issues muddled talks and agreements and will unfortunately remain divided as long as contending parties will not give way and look for peaceful solutions.

And as long as there are nations capable of creating nuclear weapons, a nuclear weapons-free world will remain a dream and peace will always be threatened.

US and China Blah-blah by Erick San Juan

US and China Blah-blah by Erick San Juan

As the world awaits the decision of the Arbitral Tribunal (formed under the aegis of the UNCLOS) at the Hague, between Manila and Beijing’s claim in the South China Sea (SCS), the tension in the region is still very much felt due to occasional military exercises (both sea and air) between the US and its allies.

And recently, Assistant State Secretary Daniel Russel said that bilateral negotiations may not be the best solution at the moment to settle the regional dust-up over the South China Sea. He added that the US is not neutral in the South China Sea dispute. "We adhere to international law."

He said, "I don't know anyone in the region who believes that a negotiated settlement between China and other claimants is attainable in the current atmosphere." China has long been insisting that it resumes bilateral talks with the Philippines and other claimants over the maritime dispute as it undertakes large-scale reclamation on contested sea features. (Source By Camille Diola, philstar.com August 2, 2015)

It is quite obvious that the US never promoted bilateral solution, only multilateral in solving the South China Sea disputes. Although the US wanted freedom of navigation in the SCS, it never considered other means but only that of multilateral talks among claimants and China. Some pundits stressed that in so doing, the Big Brother will always be in the picture when talks will commence among the claimants and Beijing. Although many support the same position that all stakeholders must be part of the solution, so thus the ASEAN.

But one will notice that both China and the US are doing other things than geopolitics, they use economics to soften the territorial disputes. After all, everything begins and end in economics.

As what Lucio Blanco Pitlo III said (member of the Philippine Association for China Studies (PACS) - The U.S. pivot or re-balance to Asia is poised to counter China’s growing influence in the region and offer countries an alternative from the exigencies of being too tied to China’s orbit. But with recent reports on defense cuts, geographic spread in multiple theaters, and opposition to a heftier defense budget that could put real substance to its pronounced commitments, many are concerned about whether the U.S. can muster the resources needed to effectively pivot back to Asia. In addition, the much-touted economic pillar of the pivot, the Trans-Pacific Partnership, to which the Philippines had expressed interest in joining, is still experiencing tremendous opposition within the U.S. itself and it remains to be seen when it will really take off. Meanwhile, China’s initiatives, notably the Asian Infrastructure Investment Bank (AIIB) and the “One Belt, One Road” (OBOR) had been gathering pace and already counts in its roster of members staunch U.S. allies like the UK and Australia.”

Observers may expect “a possible softening of U.S. stance on the SCS in the run-up to President Xi’s visit to U.S. in September. A lot of items will surely be placed in the agenda and SCS may not even make it in the priority list given the wide range of more pressing issues, such as China-US Bilateral Investment Treaty, climate change and the threat posed by nuclear North Korea, that are up for discussion between the two powers. The possibility that the U.S. would enter a compromise on the SCS in order to get China’s support on other issues such as reduction of greenhouse gasses or opening more sectors of the Chinese economy to American investors is always an open possibility.” (Ibid)

China has been accusing US a lot of things, from the day it announced its pivot to Asia which boils down to China’s containment. But the real fear of countries in the region (and of the rest of the world) is the danger of escalating tension that can lead to a regional conflict and worst, a world war. 

This is also the reason why many of our countrymen despite they don't want the US imperialism, they don't also want the attitude of the Chinese administration of bullying and grabbing our natural resources and territory.

Carlo, a long time radio listener mailed me and said that the intrusion and bullying of China is a good reason to realign with the 'devil' that we know for our protection. He said that he's quite baffled by China's claim in the West Philippine Sea. "Despite historically, China never wanted to conquer or colonize another territory. It has been telling the world that China only wanted to reunite Formosa (Taiwan) to Mother China like Hongkong and Macau. "I can only infer that China is doing this to prevent US control in the ASEAN region. I believe that China knows that countries that have claims in the SCS could be pressured, their leaders bought and corrupted.

In these political chess game, according to Ricky Sobrevinas of the Worldwide Filipino Alliance, the big powers aggressive moves are predicated on what the expected reaction of their perceive enemies would be. "Miscalculation leads to the most tragic catastrophes and world leaders need to be resolute and decisive  because one false move could be tragic and dangerous".

Yes, a really scary scenario especially to hapless people like us. God forbid.

Crosshair by Erick San Juan

Crosshair by Erick San Juan


Our 1987 Constitution mandates: “The State shall protect the nation’s marine wealth in its xxx exclusive economic zone, and reserve its use and enjoyment exclusively to Filipino citizens.”  This is the mandate of the Constitution that we have all solemnly sworn to uphold.

To fulfill the State’s obligation to protect the nation’s marine wealth in its exclusive economic zone, the Philippines has filed an arbitration case against China in accordance with the 1982 United Nations Convention on the Law of the Sea (UNCLOS).   At stake in the arbitration before an UNCLOS Annex VII tribunal is whether the Philippines will keep or lose 80% of its exclusive economic zone and 100% of its extended continental shelf in the West Philippines Sea.

The maritime dispute between the Philippines and China boils down to whether there are overlapping EEZs between the Philippines and China in the West Philippine Sea. Are the waters enclosed by China’s 9-dashed lines part of the EEZ of China such that China’s EEZ overlaps with the EEZ of the Philippines?   China also claims that the islands in the Spratlys like Itu Aba generate their own EEZs which overlap with the Philippines’ EEZ in Palawan.

China argues, through its scholars and officials, that the arbitral tribunal has no jurisdiction over the Philippines’ claim for two reasons: First, the dispute involves maritime boundary delimitation arising from overlapping EEZs of the Philippines and China, a dispute that China has opted out of compulsory arbitration.  Second, China’s 9-dashed line claim is a historical right that predates UNCLOS and cannot be negated by UNCLOS. On these grounds, China has refused to participate in the arbitral proceedings.

 The Philippines’ response is that the waters enclosed within China’s 9-dashed lines do not constitute an EEZ because the 9-dashed lines are not drawn from baselines along the coast of continental land or habitable islands. Under UNCLOS, EEZs can only be drawn from baselines along the coast of continental land or an island capable of human habitation or economic life of its own. China’s 9-dashed lines do not comply with the basic requirement of UNCLOS for drawing EEZs. (Speech delivered by Supreme Court Senior Associate Justice Antonio T. Carpio before the Philippine Women’s Judges Association, 6 March 2014)

The ongoing arbitration at the Arbitral Tribunal, formed under the aegis of the United Nations Convention on the Law of the Sea (UNCLOS), should be treated by our government as part of a bigger picture on how to solve such crisis by defining a strong foreign policy that will protect our sovereignty.

Sadly, Richard Javad Heydarian (assistant professor in political science at De La Salle University, and a former policy adviser at the Philippine House of Representatives (2009-2015) has to remind us in his article of how poorly we are treating a major issue like the South China Sea. He writes – “After more than 15 years, the Philippines has finally decided to repair its ragtag outpost on the Second Thomas Shoal, located about 100 nautical miles away from the Philippines’ westernmost province of Palawan. The Sierra Madre ship – a 100-meter-long tank landing vessel, operated by the U.S. Navy back in the Second World War – has served as a tenuous expression of Manila’s sovereignty claim over the contested feature in the South China Sea.

For long, it has also served as an embarrassing reminder of how little the Philippines has invested in concretely defending its claims in a heavily-contested area. To paraphrase a Western journalist who visited the site in recent years, "the Philippine outpost from afar is an abominable site amid a beautiful maritime wilderness; surrounded by reefs and a vast blue ocean, Sierra Madre looks even more awful up close."

Since 1999, the rusty, grounded vessel has hosted – on a rotational basis – a handful of marooned and resilient troops, who have repeatedly resisted siege and other forms of intimidation tactics deployed by the far better equipped Chinese coast guard forces, which are even better armed than the Philippine Navy.

As the former Philippine National Security Adviser Roilo Golez told me, the Philippines’ South China Sea strategic planning “was dominated by internal defense officers who looked inward and ignored the China threat in spite of repeated warning.” No wonder, then, he said, that “nothing was achieved by way of minimum deterrence during the 1990s and the 2000s.” He lamented how military modernization funds were going to “minor items” that “were useless” for defending the country’s claims in the South China Sea.”

I agree with the former NSA Roilo Golez, if we have to modernize our armed forces, we should not settle for less especially those refurbished war materiel from the US. And most of all, it is not only a matter of military hardware. We must depend on our inner strength as a nation and not depend our security from outside forces.

The mere fact that we presented our case before an international tribunal, it is but logical to show to the world that we don’t need foreign military troops and materiel to use our military bases. Having two Visiting Forces Agreements – one with the US and another with Australia, and coming soon with Japan, will not do us any good.

Once and for all, we have to show our strength by not merely kowtowing to foreign ‘masters’ that will only shortchanged us and put us at the crosshairs of their enemies.

As I have written in our previous article (@ericksanjuan.blogspot.com), let us not agitate China because the mere presence of foreign troops is an agitation enough and could be a pretext that will justify China’s retaliation against us. The worst, we are not even prepared for it or have any tangible fall back just in case all hell break loose. 

God forbid!

China: Deng's Self Fulfilling Prophecy by Erick San Juan

China: Deng's Self Fulfilling Prophecy by Erick San Juan

“If one day China should change her color and turn into a superpower, if she too should play the tyrant in the world, and everywhere subject others to her bullying, aggression and exploitation, the people of the world should identify her as social-imperialism, expose it, oppose it and work together with the Chinese people to overthrow it.” – Deng Xiaoping speech at the United Nations, April 10, 1974

After four decades the words of Deng Xiaoping is now almost a reality. But it seems small fries like the Philippines and US allies in Asia are the perceived easy targets. We all have to be vigilant and not to commit the same mistake just like what happened here before the 2nd world war where the Japanese came, disguised as lowly merchants, poor Japanese nationals looking for work like our OFW's, drivers, gardeners etc. When the war broke out, these Japanese re-grouped and were found out too late that most of them were officials and soldiers of the Japanese Imperial Army and their local counterpart was the "LUPONG TAGAPAG-PAGANAP".

See the pattern of history of the creeping invasion of nations? What's worrying many pundits is the possible repeat of history with a creepy scenario. Then the poor Chinese migrants from China mostly came from Amoy have reinvented themselves from being street vendors, small time junk buyers, retailers of junk foods, etc., few were members of Red China's underworld - the TRIAD who metamorphosed through sheer hard work into what we now call the TAIPAN's. We Filipinos didn't mind that. But the latest strategic assessment is really quite scary. Due to national security issue, I cannot elaborate at the moment. My group of patriots just don't want a repeat of what happened in Indonesia and Malaysia with the purging of Chinese there and the attack of the angry Vietnamese against the chinese in Vietnam due to the bullying of China.

The installation of China's military structures in the South China Sea, the 9-dash line, the ADIZ plus President Xi Jin Ping's ‘China dream’ which is now becoming a nightmare due to the regrouping of his political enemies inside China including former loyal allies of Xi whom he jailed due to suspicion of corruption plus the leak of Xi and his family's own corruption exposed by Bloomberg made the plot thickens.

The world was alerted of a possible collapse from within despite the "praise releases" of a good economy in China. Even Google removed the invented Chinese names of shoals from the internet map due to global protests. The floating scenario emanating from Beijing experts is that China is preparing for war "to fight an outside enemy to unite China".

I'm calling the attention of our compatriots especially the progressive lefts who have been so quiet on the issue of China's bullying. I hope that their sudden noise against China is NOT part of the ploy as some analysts thought.

PLEASE DON'T AGITATE CHINA, a possible justification of attack, another REVERSE ARROW plan of invasion. In spite of China's history of non-aggression, a former Beijing resident friend of mine reminded me that the situation in the past is different this time. China has a military inspired president and he could be worse than Mao Tse Tung he added.

I have written a lot on how China in the past infiltrated even our intelligence officers in the military like then Gen. Pedro de la Pena, our big business and anti-communist leaders. Thanks to the American 'communist' William Pomeroy who worked for the US clandestine operations, they were all exposed and most of them jailed.(See my latest book DOSSIERS and blog about it at  ericksanjuan.blogspot.com)

Let us call the attention of our local Chinese here. Most of them could have averted the saber rattling between the Philippines and China if they were told by the government. We now want to hear your voices. As the Lord God said- "Are you with us or against us?

May God bless the Philippines!

Present Crash: Double Blast from the Past

Present Crash: Double Blast from the Past
By Erick San Juan


While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of the world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression. (Source: Jeremy Warner, 7/9/2015)

That’s not all, a double blast from the past, the global financial crisis of 2008-2009.

From the article of Pam Martens and Russ Martens (July 8) – “It’s starting to feel like we never actually emerged from the 2008 crisis: the U.S. government and the Federal Reserve simply threw $13 trillion at the crisis and walked away, hoping that an endless zero-interest-rate-policy (Zirp) would patch over the cracks in the global financial system. What we seem to have now is an endless series of rolling crises instead of one big global crisis. The rolling crises, from Puerto Rico to Greece to China’s stock market, all have one thing in common – the unravelling of too much debt. That could rapidly turn into a full-fledged global crisis if policymakers misdiagnose what’s happening, treating the problems as isolated crises instead of a interconnected debt hangover from the go-go years.

The plunging price action in industrial commodities this week strongly suggests that debt was not sufficiently purged in the 2008-2009 economic meltdown and debt liquidation is back with a vengeance.

The China stock market, the second largest in the world after the U.S., locked down 72 percent of its stocks on Wednesday, according to Bloomberg, with “at least 1,331 companies halted on mainland exchanges and another 747 falling by the 10 percent daily limit.” This has effectively frozen $2.6 trillion of stock from trading, according to Bloomberg.

The Shanghai Composite, which clearly would have fallen by a much greater amount if all stocks had been trading, fell 5.9 percent at the close, bringing its loss to 32 percent from its peak set less than a month ago. The Shenzhen Composite Index, consisting of smaller companies and tech stocks, has plunged 40 percent from its peak this year.”

People repeating history, actually the worst part of it. Remember how the Japanese became jetsetters and even bought US golf courses and the Empire State Building, then the stock market plunged and so many Japanese big business did 'Harakiri'. Then the Soviets became the new jetsetters in the mid 90’s because of Gorbachev’s Glastnost and Perestroika, until the November 1998 chopping of the Berlin Wall which I witnessed with amazement, when almost the whole Eastern establishment collapsed.
Now we can see the possible implosion in China due to the open-secret in-fighting between the economic and political leaders versus the military hardliners headed by Xi Jinping.

Japanese acquisitions of American assets have been a frequent occurrence. Thirty years ago, they were the cause for anxiety. Now, they should just be a reminder that China probably won't take over the U.S. either, no matter what their billionaires manage to buy.

And we thought that China is too big to fail. I thought that it’s only in the Philippines that we are bombarded with good news coming from the government. With the collapse of Greece, suddenly the truth that I know for so many years is now a reality with China losing big in the international market.

Propaganda after propaganda that the spinmasters are desperately doing to cover up the real state of China’s economy suddenly catch up with them with a big bang.

Lesson to our own financial and economic ‘experts’, what goes around comes around, thrash in, thrash out.