Wednesday, July 15, 2015

Research Associate Asks: Did the US Crash the Market in China on Purpose?

Here is an example of what you find if you just look around a bit on the internet. Last week the BRICS held their 2015 Summit. We noted that there was almost no media coverage in the West of the event. Now we have a Research Associate at the Center for Research on Globalization suggesting that perhaps the US caused the recent crash in the Chinese market in response to the formal startup of the new BRICS Development Bank (NDB). 

When these kinds of ideas arise, there is of course no way to verify them one way or the other. Suspicious minds find it easy to accept the idea. Skeptical minds see just another tin foil hat conspiracy theory. 

Here we just admit we have no way of knowing. The reason for presenting this article to readers is to show the kinds of ideas that are out there in think tanks around the world. 

Without question there are many in the BRICS nations who would easily accept the idea that the US would crash the Chinese market to send a message. Whether that really happened or not, you can read this article for yourself and decide how credible the theory is. Below, the beginning of the article is pasted in. You can read the full article here and see if the author makes a convincing case.


"The tide is changing. The world is no longer dominated by the US, Western Europe, and Japan. The Group of Eight (G8), which reverted to the Group of Seven (G7) in 2014, has been displaced by the BRICS, which is why Russia was not bothered when it was expelled from the G8/G7 talk shop by the US, Germany, Japan, Canada, Britain, France, and Italy.

Across the globe, businesses and governments anticipate the normalization of trade with Iran, with or without a final nuclear agreement between Tehran and the Permanent 5+1 (or the EU3+3). The BRICS has begun to institutionalize itself and move beyond the stage of being a coordinating forum for Brazil, Russia, India, China, and South Africa. China’s New Silk Road has gained traction while the Eurasian Economic Union (EEU) became a reality in January 2015. Plus, after fifteen years, the Shanghai Cooperation Organization (SCO) is expanding.

Eurasia is integrating and forming the nucleus of an alternative and rival world order. This has the policymakers in the Washington Beltway worried. While they prevented Ukraine from joining the EEU, the US and its allies did everything to undermine and mock the EEU when it was launched by Armenia, Belarus, Kazakhstan, and Russia. Despite this, even before the Eurasian Economic Union’s first birthday, the EEU has made headway. It has already started the process of establishing free trade zones with Vietnam, Egypt, India, Iran, and South America’s Southern Common Market (Mercosur / Mercosul). Mercosur consists of Argentina, Brazil, Paraguay, Uruguay and Venezuela."

. . . . 

Using speculation of an economic decline in China as a psychological weapon and market manipulation, Washington’s reaction to the steps taken by Beijing and Moscow to curb US influence and the US dollar appears to have led to the launching of a financial attack on the Chinese stock market.  . . . . 

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