Bloomberg News: “The Shanghai Stock Exchange Composite Index has lost 28 percent since its peak on June 12, the worst selloff in two decades. About $3.9 trillion in market valuation has evaporated, more than the total annual output of Germany—the world’s fourth-largest economy—and 16 times Greece’s gross domestic product. The benchmark is still up 82 percent in the past year, the most among the world’s major markets.
As shares tumbled, companies rushed to apply for trading suspension. More than 1,400 companies stopped trading on mainland exchanges, locking sellers out of 25% of the market. The China Securities Regulatory Commission also banned major shareholders, corporate executives, and directors from selling stakes in listed companies for six months.”
Opinion: Traders report that the Chinese brokers are refusing sell orders.
Control. I never thought this could happen on such a large scale and at the same time be so obvious . Governments and central bankers are in collusion to control markets.
It is very simple to do if you refuse sell orders, make short-selling illegal and suspend 1400 stocks from trading on the Shanghai Stock Exchange. It also makes it very easy to hide government scandals and their cover-ups when equity markets are being propped up by electronically created money – and the wealthy get much wealthier.
So when the four largest economies and their central bankers (USA, EU, China, Japan – not necessarily in that order) decide to end the bull market party, it will end in a big way:
There are several viewpoints among our readers on the timing of the Black Horse Rider of Revelation 6:5-6, as well as an interesting theory that the black horse has already appeared (The Seven Seals in Prophecy and in History).
And we have different opinions as to whether the rapture is pre or post-trib, but what is becoming abundantly clear is who will set the economic calamities in motion.
The dynamic duo is not Batman and Robin but presidents and bankers.