This afternoon I visited a China antique shoppe in search for collectibles. As soon as I walked in the man who owned the store picked up the phone and started to argue with a customer, naturally about money. Inside of this den of inequity, I perused countless counterfeits and subpar goods, faux antiques and shit, of the first order.
Tonight, I preside over a coffin and in it is the entire country of China. Their indexes are sliding a calm and collective 4% tonight, a rather decent showing in comparison to last night’s -7.5% drubbing. Their index, mind you, is down 35% over the past month and it has a lot lower to go.
Why you ponder?
Because the entire dog-eating country is a fraud, corrupt vagrancy disguised as prosperity. These people haven’t the slightest idea what they’re doing. I entreat them to sell their US treasury holdings and use the proceeds to build ghost cities. But they won’t. Do you know why?
CURRENCY RESERVE STATUS.
The Empire of the United States doesn’t compete with any other nation. No one is able to hold a candle to us, due to fiscal and military supremacy. We are the greatest nation to have ever existed and our implosion will cast tidal waves around the globe 10x over– with a pain that will be feared for thousands of years to come. People will one day talk about it and whisper the tales of when America went haywire, causing nightmares in small children and retarded adults.
Count Dracula Fly writes to you this evening to inform you that the market is irrevocably fucked for at least two years. Yes, we will play bounces and make some money on the long side within the next week. But the great Chinese dragon is dead, leaving a trail of moronic US CEOs in their wake, scurrying about, trying to ponder how to meet earnings estimates for 2015.
They will not.
The deflation is real. Only a complete reset of the system will make things like they were. Until then, we’ll be stuck in a vortex that grinds us into flakes. Oddball currency crosses between the euro, dollar and yen will continue, assuring that a completely new set of speculators get fucked on a daily basis. The very best hedge fund managers will go away, like China, never to be heard from again. If you’re not careful and faithful to the “do no harm doctrine”, you too will be fucked, the reader, reduced to traveling hobo about the trains–begging for scraps of bread and hot water laced with hallucinogenics.
But you wait for the dip buying opp. In the meantime, the Chinese stock market experience will continue to delight the Devil, thrusting submentals into action in a purblindly and harmoniously methodical, intoxicating waltz, reminiscent of the actions of better men, American men, in 1929.
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