Dr. Copper Revealed to be a Fraud

We all suspected China was building some sort of copper weapon to destroy democracy and free will. While we haven’t sorted out the exact details, thus far, there is incontrovertible evidence suggesting that they’ve been hoarding Dr. Copper like abject morons, much to the detriment of investors who bought the whole global growth ruse–hook, line and sinker.

According to Hoffman and Gilmartin, real copper demand from China is 54% lower than what has been previously reported.

The Chinese have been using copper to engage in trade, in some a backwardly barter system caused by the stupid nature of the Chinese financial fraud that we support today.

The decline in Chinese copper demand for household appliances and electronics since 2011 doesn’t jibe with the headline demand statistics, the analysts note, which show the country’s total copper demand increased of 45 percent from 2011 to 2015.

Moreover, when benchmarked against cement—another material widely used for construction purposes—copper’s rapid rise in China looks particularly suspicious. While cement intensity, or percentage used per square meter, rose 11 percent in the time period, copper intensity surged an astounding 117 percent.

Putting all this together, Hoffman and Gilmartin conclude that “real Chinese demand may be 54 percent lower than anticipated” after stripping out the demand for copper tied to the carry trade.

This is astounding, really. The discrepancy between faux demand and actual demand is in the order of 7 million metric tonnes. But, no worries, the Chinese have just enacted policy that will permit their pension funds to invest in common stocks.

After all, what could go wrong?