Wednesday, August 19, 2015

11 CHINESE BANKS ASK FOR BAILOUTS YESTERDAY.

JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER. 1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)

OTHER CHINA-STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/08/north-korea-threatens-us-what-china.html
http://israndjer.blogspot.ca/2015/08/what-kinda-story-is-this-america-used.html
http://israndjer.blogspot.ca/2015/08/112-now-dead-722-injured-in-china-port.html 
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-3rd-day.html
http://israndjer.blogspot.ca/2015/08/china-currency-wars-angers.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-second-day.html 
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html

OTHER CHINA EXPLOSION PORT NEWS
http://israndjer.blogspot.ca/2015/08/china-says-it-arrested-15000-people-for.html
http://israndjer.blogspot.ca/2015/08/what-kinda-story-is-this-america-used.html
http://israndjer.blogspot.ca/2015/08/112-now-dead-722-injured-in-china-port.html
http://israndjer.blogspot.ca/2015/08/at-least-56-dead-720-injured-in-chinese.html
http://israndjer.blogspot.ca/2015/08/at-least-52-killed-52-in-serious.html

HOARDING OF GOLD AND SILVER

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2  (And this taxing was first made when Cyrenius was governor of Syria.)
3  And all went to be taxed, every one into his own city.

REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.

UPDATE-AUGUST 19,2015-06:15AM
VIETNAM AND KAZAKHSTAN DEVALUE CURRENCIES AFTER CHINA DEVALUED IT YUAN CURRENCY.    

Vietnam devalues currency by 1 percent after Chinese move-Associated Press-AUG 19,15-YAHOONEWS

HANOI, Vietnam (AP) — Vietnam allowed its currency to weaken by at least 1 percent Wednesday following the devaluation of the Chinese yuan and the expectation of a possible U.S interest rate hike.The central bank-set reference rate weakened to 21,890 dong to the U.S. dollar and the trading band within which the dong can be traded was widened to 3 percent from 2 percent, the State Bank of Vietnam said."Following the strong devaluation of the Chinese yuan, domestic market sentiment is very much concerned with the negative impact of a United States Federal Reserve interest rate increase," the central bank said in a statement.It said the bank was widening the trading band — effectively allowing the dong to weaken more — "in order to proactively lead the market and pre-empt negative impacts from the possible Fed rate increase."Economist Tran Du Lich said the central bank's decision to widen the band to 3 percent was necessary in the current situation. He said a possible Fed rate increase later this year would weaken the appeal of the dong even more."Some 85 percent of Vietnam's transactions are in U.S. dollars," he said by telephone from Ho Chi Minh City. "Any move by the Fed therefore will always have some impact on Vietnam's currency exchange policy."The VN Index, the country's main stock exchange index, fell nearly 2 percent by late morning Wednesday before bouncing back to close at 577.8 points, or 0.41 percent lower.Last week, China sharply devalued the yuan, which the government said was part of reforms meant to make its exchange rate more market-oriented. But the decision accentuated worries over the health of the world's second-largest economy following a slump in exports.Two-way trade between Vietnam and China was $59 billion last year, in which Vietnam recorded a deficit of $29 billion.

Yuan Ripples Reach Kazakhstan as Tenge Tumbles Most Since 2014-Nariman Gizitdinov-August 19, 2015 — 3:16 AM EDT-bloomberg

Kazakhstan allowed its tenge to weaken the most since a devaluation 18 months ago, signaling Central Asia’s biggest crude exporter wants to adjust to declines in the currencies of its top trading partners, China and Russia.The tenge declined 4.4 percent to 197 per dollar by 2:29 p.m. in Almaty. That was the steepest retreat since February 2014 when the central bank, which uses its foreign-currency reserves to manage the exchange rate within a trading band versus the dollar, depreciated it by about 20 percent. Central bank representatives weren’t available to comment when contacted by Bloomberg.Pressure is mounting on countries that trade with China to let their currencies weaken after the yuan slide last week made their exports less competitive. Kazakhstan has also suffered from oil’s 22 percent retreat in the past two months, especially since its northern neighbor and trading partner Russia is allowing the ruble to track crude’s drop.“They realize that they cannot stand in front of a train,” Timothy Ash, the head of Europe, Mideast and Africa credit strategy at Nomura Holdings Inc. in London, said by e-mail. “Not now with little sign of oil prices improving, of emerging-market sentiment easing.”Kazakhstan isn’t the only country that’s relaxing the reins on its currency amid a slump in prices that pushed a gauge of emerging-market currencies to their longest stretch of weekly declines since the turn of the century. Vietnam devalued the dong for the third time this year on Wednesday and widened the exchange rate’s trading band.-‘Further Devaluation’-Faced with pressure from sliding oil prices and sanctions over the conflict in Ukraine, Russia stopped managing its currency in November 2014, and the ruble has fallen 45 percent versus the dollar in the past 12 months, compared with a 7.6 percent weakening for the tenge.The ruble’s slide led Kazakhstan to witness an influx of grain, metals, construction materials, oil products and coal from its northern neighbor, according to Kazakh business association Atameken.The overvalued tenge has led to a surge in Russian steel imports and forced ArcelorMittal’s local unit to make a “significant reduction” in workers salaries, Chief Executive Officer Vijay Mahadevan said Aug. 7.“We think it is safe to assume further devaluation amid serious budget problems which Kazakhstan faces now due to low oil income and the weak ruble,” Luis Saenz, the head of equity sales and trading at BCS Financial Group in London, said in an e-mailed note.After Wednesday’s depreciation, the Kazakh currency is trading 1 tenge away from the upper limit of the central bank’s trading band, which Governor Kairat Kelimbetov raised in July. Brent crude oil, which is trading in a bear market, fell 0.1 percent to $48.77 per barrel, 32 cents off a January low.Calling today’s move “small,” Demetrios Efstathiou, a strategist at ICBC Standard Bank Ltd. in London, said a further devaluation of as much as 15 percent is necessary to “convince the locals to convert some U.S. dollars back to tenges and help ease the huge tenge liquidity pressure in the system.”

August 18, 2015 4:26 am-China shadow banks appeal for government bailout-Gabriel Wildau in Shanghai-ft.com

The collapse of a state-owned credit guarantee company in China’s rust belt has shone a new spotlight on risk from bad debt and moral hazard in the country’s shadow banking system.As China’s economy slows, concerns are mounting over rising defaults, especially on loans from non-bank lenders, which provide credit to risky borrowers at high interest rates.Eleven shadow banks have written an open letter to the top Communist party official in northern China’s Hebei province asking for a bailout that would enable the bankrupt credit guarantee company to continue to backstop loans to borrowers. If the guarantor cannot pay, it could spark defaults on at least 24 high-yielding wealth management products (WMPs).Analysts worry that a series of bailouts in recent years has encouraged irresponsible lending by fuelling the perception the government will not tolerate default. The latest appeal for a bailout will again force officials to choose between ensuring short-term financial stability or imposing market discipline on investors, which should improve lending practices in the long term.Hebei Financing Investment Guarantee Group has guaranteed Rmb50bn ($7.8bn) in loans from nearly 50 financial institutions, according to Caixin, a respected financial magazine. More than half of this total is from non-bank lenders, mainly trust companies, who lent to property developers and factories in overcapacity industries The letter appeals directly to the government’s concern about social stability and the fear of retail investors protesting the loss of “blood and sweat money”. The 11 companies sold 24 separate WMPs worth Rmb5.5bn.“The domino effect from the successive and intersecting defaults of these trust products involves a multitude of financial institutions, an immense amount of money, and wide-ranging public interests,” 10 trust companies and a fund manager wrote to Zhao Kezhi, Hebei party secretary.“In order to prevent this incident from inciting panic among common people and creating an unnecessary social influence, we represent more than a thousand investors, more than a thousand families, in asking for a resolution.”Most trust products are distributed through state-owned banks, leaving unsophisticated investors with the impression that the bank and ultimately the government stands behind them, even when the fine print says otherwise.There has been a series of technical defaults on bonds and high-yield trust products in recent years, but bailouts have shielded retail investors from losses in most if not all cases, often following public protests by angry investors at bank branches.China shadow bank collapse exposes grey-market lending risk-Trust lending has exploded since 2010 amid a pullback by traditional banks. Trusts sell WMPs to investors, marketing the products as a higher-yielding alternative to traditional savings deposits. They use the proceeds for loans to property developers, coal miners and manufacturers in overcapacity sectors to which banks are reluctant to lend. Trust loans outstanding rose from Rmb1.7tn in 2011 to Rmb6.9tn at the end of June.Hebei Financing stopped paying out on all loan guarantees in January, when its chairman was replaced and another state-owned group was appointed as custodian.Though Hebei Financing guaranteed loans underlying WMPs, the products themselves did not guarantee investors against losses. Caixin reported that several trust companies, fearing reputational damage, have used their own capital to repay investors. The 11 groups behind the recent letter have taken a different approach, pressuring the government for a rescue.Trust loans outstanding at the end of June, rising from Rmb1.7tn in 2011A villa development in the suburbs of Shijiazhuang, Hebei’s largest city, is typical of the projects guaranteed by Hebei Financing. In September 2013, Shanghai Goldstate Brilliance Asset Management sold WMPs worth Rmb200m to fund the development, known as Dragon City Mountain, offering returns of up to 11.5 per cent for a two-year investment.But as a slump in China’s real estate market slammed second-tier cities, construction on the villa project’s third phase was halted late last year when funds ran short, Economic Observer reported. That has put in jeopardy Rmb120m in payouts on maturing WMPs due next month. Shanghai Goldstate did not respond to requests for comment.Hebei Finance and its owner, the Hebei province State-Owned Assets Supervision Administration Commission, declined to comment.Additional reporting by Ma NanTwitter: @gabewildau  

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