China's financial war on derivatives contracts for their banks

[makeiteasyable]

china is everywhere.. lol.ilang taon nlang lahat ng produkto china na.

[goldenknight777]

The only ways this can be repaired is by cheap labor exploitation ourselves. Either that or some kind of political realignment between global powers. We have spent most of our money on military and war, so the third and most dangerous option would be war to counter our financial threats which could lead to very bad results in the terms of nuclear war! Basically China has us by the balls! Unless we make cheap products and services for the world market...either that or war, DAMN!! We fucked!!

[goldenknight777]

I think I understand fully now what is really going on! China over years of sweat shop exploitation has robbed us dry of our wealth by making cheap products, and now China is saying "Ha we own you, so conform to communism" or you will be cut off financially from the global market! DAMN this makes since! Also talk of a North American Union would probably be a result of this. Ponder and discuss...

[MrBigEnchilada]

it would be funny if one day china says oh its ok we will lend you 100 billion but you must give that in gold bars not in paper money. lol some people are going to get a heart attack.

[13lackLight]

2:48 it doesn't make sense to threaten the U.S. government because they are not in control, Goldman Sachs controls them, so go after them. That is SO true and we have seen China do the same thing. When the U.S. sold Taiwan all those weapons, what did China do? punish the U.S. government? No, that wouldn't make sense. They instead punished U.S. weapons manufacturers because they have way more control, it made more sense to punish them.

[kokoinmars]

Thumbs up, if you are disappointed that the hot girl on the thumbnail is not giving a lecture on derivatives here.

[SuperSpidey25]

Good luck China. I hope you avoid the terrible fascist fate that we are discovering.

[jobedied]

China is not about to eat American shit thinking its steak, they are to smart for that. That is why government wants us to eat all the shit and tell everyone how well it tastes.

[FreakAlert2008]

Very honest

[salvagedvids]

is chinese gold meltable?

[Rhal95]

Good for China. Derivatives are really fraudulent.

But don't be surprised if war drums beat over this. All the wrong people want the money that should belong to the people, and they call the shots in Washington.

[eatandtravel]

I want to sell naked CDS. Man, those bankers are good.

[larnem]

Great video! Glad I found the site!

[jahlyric]

why is it when it goes to 3:19 the lady says "massive: like a sheep? Is she saying that we are blind sheep??what do you guys think?

[DojoNDude]

Good for China. I wish Obama had the balls to tell the bankers to shove their derivatives up their ass! They should all be in jail eating gruel, not the filet mignon their used to. Instead, their toasting their million dollar bonuses with expensive champagne!

[labartic]

Billion dollar bonuses almost.

[Nintendomanwill]

The Chinese knew that all the US bankers started offering derivatives over the couple of years before the crash because those banks KNEW their investments in housing, their significant leveraging on those sectors, would devalue due to rapidly falling resources for construction and overinvestment in that sector leading to rapidly falling ability to sell that stock on the market at rising prices. Inflation can distort those prices but that just postpones the clearing, hence a BIGGER malinvestment.

[rap9206]

04:44 ohhhh yeah baby!

[jpcl21]

Silly Marxists- knowledge is for thinkers.

[castorini]

America is doomed! HAHA!

[MORCOPOLO0817]

Sadly, that is true!

[distressed7]

Recalling the gold out of London. What will this do to the gold market?

[tinfoilcap]

Likely a huge spike in price. Germany has also been asking for the gold from Ft. Knox.

[distressed7]

Go China. Love it. I am having a ball. I live low to the ground and have dug deeply. Starving bulls are being mauled by hungry bears. Remember the ant, sluggards. Dotcom is dead.

[jimbobubbadj]

I'm tired of Obama and his Chicago politics. I originally thought he was for the common man, how wrong I was. He is in the Wall St, Bilderberg and Military industrial complex elite crowd. Get out of the system as much as possible by keeping a minimum in a banking account(to pay bills), sell all bonds and stocks. Cash in any and all retirement plans, even take the penalty. Stock up on food and ammo. Buy gold and silver to cause a comex default and to have real money. Get out of debt.

[distressed7]

Britain may have run China a hundred years ago. Today China runs much of the world. We soon will see how, and I daresay we are starting to see it now.

[stargate669]

I'm sure you're aware of how the East India Trading company another guise of the Goldman Sachs empire made heroin addicts of the Chinese and ransacked them as they did America. The Chinese haven't forgotten though they have long memories. What is curious is why China bought into Dollars in the first place. How much are they still owned and how much is being played out here?

[distressed7]

So true. I know we can never pull the Iraq bullshit number on the Chinese. That too was finance and petrol. You're aware enough to understand that the myopic corporate Amerikan is dealing with a depth and resolve their idiocy cannot handle. Already the whole market of cockyass "megatrends" just got knocked off of its barstool. Yeh. We are led by slavers.

[mnm121314]

@distressed7 since when did britain run china? china and britain fought during the opium wars because china refused to allow britain to sell opium in china. britain ran india, never china

[fakenewz]

what if London decides they don't want to return the gold?

[distressed7]

Then they'll freeze all the assets of the once mighty Britain in the coffers of British banks.

[stargate669]

you need to make a distinction between the blue bloods that run the London city mile and work for Rothschild and the rest of UK citizens who are just like the majority of Americans.

[Boomer1949]

If China does manage to bring down Goldman, they not only have solved their problem, they have solved ours.

[hurchel]

God forgive me, but I am so sick of the chinese, koreans, property developers and there is a story in our local paper about selling green cards for 500,000.00 to chinese and koreans who invest in the US on building projects that create jobs, it was over a developer that was caught defrauding investors surrounding a 283 million dollar transit center, and they are whining it will stop the green card immigation sale. screw wall street and the chinese. let them eat each other, take america back

[WhoisJacqueFresco]

1:32 = CENTER STATE Focus on second word of meaning. The state's centralized power. Li?

[XulChris]

It's "reflect" not "reflet" to whomever drew that gold in sacks cartoon...

[marcchabotyt]

it is not porn at the end.

this is a japanese wood print depicting a man passing a strobila of a broad tapeworm. from Shinsen Yamaino Soushi, by Daizennosuke Koan (1850). Courtesy of the Tohoku University Medical Library.

i repeat, this is not porn.

[mindcloudbeta]

Anybody who thought is a tard. Thanks for posting this video but it makes me feel doomed. I am not a member of the club just like many other educated Americans. We are just left with the consequences of greed and corruption and the ultimate quest for world domination. How is the average joe supposed to respond to all of this? The majority of American have been lampooned and didnt understand Ron Paul or Peter Schiff or Max Keiser. Could you imagine a Ron Paul / Peter Schiff run at the White House

[kcmall]

Some pornography at the end ....but China, you still have a chance to keep yourselves from the destructive influences that brought down American society.

[marcchabotyt]

it is not porn at the end.

this is a japanese wood print depicting a man passing a strobila of a broad tapeworm. from Shinsen Yamaino Soushi, by Daizennosuke Koan (1850). Courtesy of the Tohoku University Medical Library.

i repeat, this is not porn.

[ozziindaus]

When did China suddenly become the moral standard? It's through their peoples oppression, low wages and currency manipulation that has created and fueled thier industrial rise. The west can prudently follow suit if we are prepared to accept shit for wages and not afford what we manufacture. That smells of hyperinflation and it's not something i'd try and model an economy on.

[kkklownknight6699]

Looks like you don't read much history.

Your ancestors during the industrial revolution accepted shit wages and worked in horrid conditions. It was those conditions that led to unionism and the rise of the left movement such as Karl Marx.

There is no other way around it. Capital does not allow fair working conditions.

[ozziindaus]

I really don't know what you are talking about but anyway, a real free market economy operates fairly for everyone. That's what capitalism is. Don't get that confused with the western economy's of today or much less the emerging economy of China. State ownership is socialism. Suppressed wages, no bargaining, no free market dynamics.

[kkklownknight6699]

There is no real "free" market economy. Never has been never will be and most of China's industry is private capital.

Wages are suppressed because more wages equal less profit get it?

Wages are also suppressed to keep exports competitive, When Americans are priced out of the market the currency of China goes up then products for a Chinese consumer becomes cheaper and affordable and America will have to be the one making stuff for foreigners.

[ozziindaus]

You're making some dangerous assumptions. Chinese, just like the Japanese are savers, not consumers. If you think they can domestically absorb the excess after Americans stop consuming their junk, then you better start reading Japans history. I agree, America needs to return to production but currently we have too much of everything. We need new technology to create new markets. No more cars, homes, banks, movies and medication.

[stargate669]

America was always on a loser having a private bank that issued their tender and treasury bills. You cannot build capitalism on democracy and privatisation. The only people that benefit are those that own the banks. The petro-dollar with the dollar as the reserve currency was how America survived with such a large budget deficit. However, the system was fascist with corporations and govt being the same thing. No way to see how GDP was theirs or yours!

[nancyl2]

No one ever told us this information in our schools. Just worthless crap. Dumbing down our intelligent students and telling them WHAT to Think. kIds SHOULD BE out there screaming out loud., You A____H____!! Great comments, for Me, a new-at-this truth business, sheeple who just began to see what the "shite" is going on. Peace and Love to you all. Great vid. Thanks to those caring friends that share. : -) A whole History lesson in one lil ole paragraph. :)

[kkklownknight6699]

"You cannot build capitalism on democracy and privatisation."

Then who are you going to give it to the government?

Capitalism cannot last period. It is inherently an unstable economic system where only a minority of wealthy individuals benefit and the majority slaves to the capital they horde.

Humans are capable of building a system and society that doesn't require such scarce resources and instability.

If we wanted to we could build a ship to go to the stars but we can't with capitalism.

[pythos82]

And your utopian society has been tried before and it has failed. Where we have gone wrong in recent decades is that we have went back to a central banking system starting back in 1913. Read up on the founding fathers and their view of central banking. Capitalism is not the problem....greedy bankers are the problem. Fix the banking/monetary system with REAL reform (not like what BHO is proposing) and we'll be fine. In fact, that would fix a lot of the problems we have with spending.

[kkklownknight6699]

"And your utopian society has been tried before and it has failed."

very funny haha

"Capitalism is not the problem....greedy bankers are the problem. "

A Capitalist system without a banking system, How does that work exactly?

Central banking came as a result of rapid credit expansion and instabilities of the free banking system.

[socialmedic]

Industrial Capitalism.

[snakecharmer133]

capitalism is not the same as a market economy, capitalism is a plutochracy in reality!

[BourneAccident]

When you get a chance, can you explain further?

Capitalism (not the same as free markets)

Capitalism = plutocracy

Thanks...

[snakecharmer133]

Capitalism is a system of governance where the capital you have decide your influence in society. Capitalism as such can exist alongside any form of economic system, market economy, planned economy, mixed economy, etc. This is not true to 100%, the capitalistic system will govern the economic system in a way that will benefit them. Hence you will not have a market/planned economy under a capitalistic system. In the USSR you had private companies and in the US you have US state companies.

[BourneAccident]

So, if I have this straight... Capitalism is a free market enterprise, existing along side of government without government interference, but eventually leads to plutacracy, or governement by a wealthy group. Correct?

[snakecharmer133]

It is more complex; USSR was a capitalistic (Cpt) system as was the Tsar empire. Cpt is an extreme of plutocracy where all your capital is meshed up to form influence. If you look into different types of governance such as meritocracy, monarchy, etc you get a feel for capitalism. You will run into people who say that capitalism is the same as a market economy but this is not, Cpt as such is a system of governance where market econ. is a system to achieve economic efficiency. Need mo' letters =(

[BourneAccident]

I guess I don't understand exactly what market economy is.?

As far as meritocracy is concerned, who had that deal going on? And if anyone did, who decided who was what?

[snakecharmer133]

I think you are fully aware of what a market economy is, I do however think that you confuse capitalism as a prerequisite for a market economy, some governmental systems depend on a certain type of economy to work. Socialism need a planned economy, liberalism need a market economy. Most have a pretty good understand of the world if they just take a few minutes and ask themselves some questions without accepting the answers given by mainstream media.

[snakecharmer133]

All governmental systems have inherent problems with corruption, meritocracy is no different. We have some influences of meritocracy in the world today where you have to have a university degree to even be able to apply for certain jobs. This is naturally used to corrupt the system since you can form the requirements for a job after the person you want to employ. Considering that you need the right background to be able to go a higher level of education shows how corrupted the system is today.

[BourneAccident]

I looked up "market economy" on Wiki and I hadn't realized that it was supply & demand based system.  That explains alot. So, what's left is the distinction between capitalism (as pertaining to a supply & demand economy) and different forms of government. A lot to think about.

[snakecharmer133]

The most important aspect of a market economy price discrimination is prohibited, it is not prohibited in the sense of having some form of punishment for it but it is no market economy if you have/allow price discrimination.

You should be wary of using wikipedia, the editing on wikipedia is open to any fool who decide to type something. Usually you get a better understanding from reading a good encyclopaedia at your local library.

[BourneAccident]

Isn't price discrimination an undenialble reality?  Also, high volume transactions can alter pricing in a market economy. Theft would also factor into the equation. It's all fairly confusing to me at times. Thanks for your comments.

[snakecharmer133]

You must make the difference between price discrimination and a market price, most economic textbooks show examples where you have a high price for the first product and that the price then goes down (huge simplification) as production and volume increase. Price discrimination is when the seller decide on the price of the product outside the market and charges prices according to the consumption level of the consumer/buyer. You can read some about this in a good Macro economics book.

[BourneAccident]

Thanks for the good info..

[stargate669]

Chinese tourists visiting America to buy land and American servants/slaves find their souvenirs are made in China! :-))

[ozziindaus]

Don't be so smug. Japan tried this back in the 80's after decades of growth through cheap labour. When the music stopped, Japan found themselves another victim of crony capitalism. Massive deflation and a weak currency has persisted for over 10 years. I bet China follows suit. A trap is being set that will shock China back into colonialism. You see, when you don't choose your bed partners carefully, you may wake up feeling raped.

[stargate669]

I'm hardly smug! :-) China is the only country with a surplus on their trading account and it's not money backed up by fractional reserve banking, derivatives. Certainly they followed the derivative over speculation which is the foundation of the American economy. However, they also bounced back from it. Although, most importantly of all the real players here are not patriots but globalists.

[Synthetikrose]

I've been thinking about the role the US played in WW2, as well as Korea and Vietnam. I wondered, if the US is the one in need of assistance, who will march in and save us? In an economic war, if the Chinese target these corrupt companies, they are essentially marching in and taking out the enemy which would benefit the American people too.

[centervilletn]

WHAT! dishonest banksters! Say it aint so!

[bookbinder66]

116 veiws

[bookbinder66]

gold silver copper and more metals to base the new yuan on

[Doenietmeermee]

real tension still to be seen in gold, during North Korea hoax nothing happened, during all latest news not much happened, last week something happened, that is for sure. Thanks for confirming.

[bufforilla]

Things are getting very interesting.

[meikagirl]

China is making there move!

[meikagirl]

Some of us still live in their crib!