Huge blaze after blast rocks petrochemical plant in E China (VIDEO)

[sitting]

Zerohedge: On The Trail Of Dubai’s Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges

There's a unique aspect to gold (and it's whereabouts) we ought to keep in mind. Strange as it may seem.

In Sumerian times, it was clear all the gold that was mined, belonged to the "gods" -- the Annunaki. Sitchin postulated (made up I think) that it was to seed their home planet's atmosphere (in fine powder form) to insure its continued survival. So the purpose was vital.

The Aztecs also held that all gold belonged to their "gods." None to man. Although its purpose remained unstated.

Now the C's have said gold is used in 4th density. For technology. So there's at least the possibility that much of the so-called "missing bullion" did not go to greedy men, but ended up "there."

This would fit in nicely with much of historical tradition.

I could be wrong.

FWIW.

 

[angelburst29]

The yuan has gone down further. And the U.S equity market IS feeling it presently. This is ONE area that can dent the Empire's efforts, coming from within.

The yuan this morning weakening further ... now at 6.53 and change.

Concurrently this morning:

German Dax down over 4% (so far)
Shanghai index down nearly 7%

Something is going on and we'll probably find out in the days ahead. These spike moves are unusual and often telling (in a few days time.) As I mentioned once before, the Chinese might have purposefully dropped their own equity market ... with the expectation and hope it will lead to a hammering of the U.S. equity market. And this nearly happened back in August 2015, until the Fed intervened.

This time around however ... may be different. Needless to say, a severe & sustained decline in American share prices will have implications far beyond just money.

This is my speculation. And I could be very wrong.

This may have something to do with China, the Yuan and the Shanghai index?

Dubai was acting as a middleman in smuggling billions of dollars worth of gold from Turkey to Iran, without anyone noticing for years. It seems, the Emirate has also been instrumental in facilitating the transfer of tens of billions of dollars from the west (mostly the UK and Switzerland) but also every other gold producer, and into China via Shanghai. Quote from second link, "Gold Holding’s (aka Dubai’s) hint that Russian gold no longer has to be denominated in US Dollars for transaction purposes. Instead, it can be denominated in Yuan…. as can Venezuela, Brazil, Argentina and Africa gold transactions, in the process bypassing the SWIFT payment system entirely, and all official traces and records that a gold transaction ever took place!"

"And It's Gone... It's All Gone" - The One Gold Scandal That Goes To The Very Top
http://www.zerohedge.com/news/2015-12-24/exclusive-gold-gone-its-all-gone-one-gold-scandal-goes-very-top

Now updated:
Zerohedge: On The Trail Of Dubai’s Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges
http://www.zerohedge.com/news/2016-01-01/trail-dubais-stolen-gold-client-breaks-silence-and-fascinating-detail-emerges

[...] … and not only that, but it was here where we found what may be the most fascinating detail of today’s article, namely Gold Holding’s (aka Dubai’s) hint that Russian gold no longer has to be denominated in US Dollars for transaction purposes. Instead, it can be denominated in Yuan…. as can Venezuela, Brazil, Argentina and Africa gold transactions , in the process bypassing the SWIFT payment system entirely, and all official traces and records that a gold transaction ever took place!

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/Gold%20Holding%20China%20gold.jpg

Now this is simply stunning because over the past several years one of the biggest questions has been how did China smuggle thousands of tons of gold from around the world without the world, at least officially, noticing.

Well, recall how this entire story first developed: it was all b] thanks to Dubai acting as a middleman in smuggling billions of dollars worth of gold from Turkey to Iran, without anyone noticing for years. Could it be that maybe this tiny yet ultra rich Emirate has also been instrumental in facilitating the transfer of tens of billions of dollars from the west (mostly the UK and Switzerland) but also every other gold producer, and into China? [/b]

I guess, I need to be clearer - as to what I was trying to convey? The first Zerohedge link explains how a 3-way operation was set up between Turkey and Iran with Dubai as the middle man to transfer physical "Gold" through Shanghai. In the process - China became a customer, along with Iran. China needs Gold to back the Yuan - just as Russia is backing the Ruble with Gold - so transactions between them will eliminate U.S. Currency.

Does China Plan To Back The Yuan With Gold And Make It The Primary Global Reserve Currency?
http://theeconomiccollapseblog.com/archives/tag/gold-backed-yuan

What in the world is China up to? Why are the Chinese hoarding so much gold? Does China plan to back the Yuan with gold and turn it into a global reserve currency? Could it be possible that China actually intends for the Yuan to eventually replace the U.S. dollar as the primary reserve currency of the planet? Most people in the western world assume that China just wants a “seat at the table” and is content to let the United States run the show. But that isn’t the case at all. The truth is that China doesn’t just want to compete with the United States. Rather, China actually plans to replace the United States as the dominant economic power on the planet.
In fact, China already accounts for more global trade than the United States does. So what would happen one day if China announced that it was backing the Yuan with gold and that it would no longer be using the U.S. dollar in international trade? It would cause a financial shift so cataclysmic that it is hard to even imagine. Most of those that write about the “death of the U.S. dollar” usually fail to point out that China is holding a lot of the cards as far as the fate of the dollar is concerned. China owns about a trillion dollars of our debt, China is the second largest economy on the planet, and nobody uses the dollar in international trade more than China does except for the United States. Up until now, China has had to use the U.S. dollar in international trade because there has not been an attractive alternative. But a gold-backed Yuan would change all of that very rapidly.

And without a doubt, China has been hoarding massive amounts of gold. Everyone agrees on that. But what nobody knows is exactly how much gold China currently has stockpiled, because China is not telling anybody.

One recent estimate put China’s gold reserves at more than 7,000 tons of gold, but it could potentially be far higher than that. When China does finally tell the rest of us how much gold they have, they will probably be just a move or two away from checkmate.

What we do know is that China is importing absolutely enormous amounts of gold right now even though China is also the number one gold producer on the planet.

According to Reuters, more than 223 tons of gold was imported into China from Hong Kong in March. That smashed the previous record of 114 tons in December.

Overall, Chinese imports of gold from Hong Kong tripled in 2012, and the final number for 2013 is going to absolutely smash what we saw in 2012.

Obviously something is happening.

China is massively hoarding gold at the same time that it is trying to substantially raise the international influence of the yuan.

It doesn’t take a genius to see where all of this is headed.

If China does decide to back the yuan with gold and no longer use the U.S. dollar in international trade, it will have devastating effects on the U.S. economy.

 

[sitting]

From where we sit today, the American market has far greater vulnerability than the Chinese market -- being so much more inflated.

The Chinese seem determined to prove this point -- to make it happen. A surprise expanded yuan trading limit took place overnight. With predictable results.

Shanghai index down 7%.
DAX (so far) down 3.5%.
S&P futures (so far) down 2.5%

The obvious "concern" here is on the Shanghai index. A huge misread in my opinion. For the Chinese, it's unavoidable collateral damage ... in order to whack their real target. (The U.S. financial system.)

The hammer being swung is dollar/yuan. Trading this morning around 6.59. It will be interesting to see what happens around that "magical" number 6.66. These things apparently has meaning to "them." In any event, the off-shore (non-official) dollar/yuan rate has already gone beyond ... presently at 6.75.

Interesting to note that the MSM sees this Chinese currency strategy as one focused on trade & exports. A deception dearly held by many so-called "economists." But to the guys who fired that kinetic weapon into Tianjin on August 12 of last year, they held no such illusions.

Will there soon be another demonstration of sorts??? This time the Chinese are prepared I think.

I could be very very wrong.

FWIW.

 

[sitting]

Another point perhaps worthy of mention:

So much has been written about the collapse of the U.S. economy because of the imminent collapse of the U.S. dollar. To the point of ad nauseam.

It would be ironic if what eventually whacks the U.S. economy came from too strong a dollar ... against the yuan.

So much of what we think in terms of "economics" -- is really upside down. Or worse. Kinda like believing Obama, or Erdogan, are the ones calling the shots.

FWIW.

 

[sitting]

It will be interesting to see what happens around that "magical" number 6.66.

On the subject of magical numbers, the number eleven (11) is certainly one of them.

The world entered a new phase after 911.
Japan & its people thrown into (eventual) poisoning & destruction -- deliberately I think on 311.
On 811, the Chinese devalued the yuan. Interesting date they chose.

My long term speculation (intuition) is that this date marked the beginning of the end -- for the American financial system. The balloon (the illusion) got popped on that date. The letting out of air however, will take some time and be violent in all directions. Both up & down. But its destiny ... is down.

I could be wrong.

FWIW.

 

[angelburst29]

Chinese Gold Reserves increased by 19 tonnes in December.

Since starting monthly reporting in July, China has added 104 tonnes of gold to its reserves in 2015 .

Total reported Chinese gold reserves stand at 1,762.323 tonnes.

http://investmentwatchblog.com/another-19-tonnes-for-china-in-december/

*many suspect that China has under reported its gold reserves. See ““The Case of China’s Missing Gold“ and “China’s President Confirms Practice Of Moving Official Reserve Assets To Other Entities In China.”


Markets Are Correcting Hard: An Assessment Of The Risks Of Things Getting Worse From Here
http://investmentwatchblog.com/markets-are-correcting-hard-an-assessment-of-the-risks-of-things-getting-worse-from-here/

The long-awaited global financial market correction has arrived. We are seeing collapses in all major markets and across all major categories.

It Begins With China

2015 ended weak but essentially where it started, with the US equity indexes just barely green for the year.There was no big Santa Claus rally, which was a bit of a bummer for the Wall Street year-end bonus crowd. But neither was there any big decline.

China’s market appeared more or less stabilized by the year end, however it began 2016 with a circuit-breaking wave of panic selling, losing -7% on the new year’s first day of trading before the markets were simply closed by authorities.

After a couple of days of very heavy-handed intervention, the Chinese stock market again broke down and was again shuttered for trading after tripping the daily circuit breakers.

Now, the big question is: Why should the global markets in Europe, Japan and the US care if the Chinese stock bubble loses some air?

I think the answer is contained in the action we saw back in August 2015. Let’s remind ourselves of the near-crash the world had back then and what triggered it.

This high-volume swoon (circled in purple) in the equity markets seemingly came out of nowhere: (graph)

The origin of that swoon was, oddly enough, a surprise devaluation of the Chinese Yuan. While the devaluation was just 4% in size, that was enough to upset a whole host of carefully tuned computer trading algorithms: (graph)

My favored interpretation of these events is that the entire world is now one interlinked set of trading algorithms and capital flows. A large number of these trading algorithms are based on ‘correlation trading’ which means they buy and sell things in related trades.

So it might be “buy the Yen, sell gold, and buy the Nikkei.” There are correlated trades like this being executed 24 hours a day, 365 days a year.

So when there’s a surprise, like a Chinese Yuan devaluation, it throws quite a few of these pair trades for a loop.As soon as something happens that is outside of their pre-established trading parameters, the computers simply close out their trades in the literal blink of an eye (actually, even faster).

The August surprise Yuan devaluation upset of a lot of carefully tuned trades and the rest is history. Markets all over the globe crashed quickly, and at heavy volume.

So fast forward to this past week (1/1/16 to 1/7/16) and what do we see? Not-so-surprisingly, we see a sudden drop in the Yuan that correlates with the drop in the Chinese stock market, which also correlates with the rest of the global market troubles: (graph)

So as long as we are seeing these surprise and sudden Yuan devaluations, I expect the trading algorithms to have indigestion troubles. This ‘indigestion’ will manifest as widespread markets declines and strange air pockets in prices.

Now, there’s a very good reason for China to be in a heap of financial market trouble right now. Investor selling on the Chinese stock market makes perfect sense to me from a fundamental standpoint, as well as from a bubble dynamic point of view.

Overpriced stocks get sold when bubbles burst. That’s just the nature of things.

As to the above chart showing just how badly over-valued the Chinese stock market remains, use it as a relative indicator, not an absolute measure. By a variety of measures that I prefer, the US stock market is also badly over-valued, and I think the above chart is using very optimistic estimates of forward price-earnings multiples to derive the western market levels. Those are inaccurate given the huge rash of earnings downgrades we’ve seen the past two months,.

But however we measure it, the Chinese stock market is still very badly overpriced and that’s even without accounting for the accelerating economic slowdown that is going to wipe out a large number of over-leveraged Chinese companies.

The recent market turbulence is but a preamble of much more dire volatility to come. And the system is in many, many ways, much less prepared to withstand these pressures than it was in 2008…and we all know how that turned out.

Things have been very easy for a long time — longer than most of us realize. Everything is about to get start getting harder. How well prepared you are in advance will make all the difference.

Why A Crash Is Likely
http://www.peakprosperity.com/insider/96192/why-crash-likely

Look, the financial markets are broken -- the US, in China, and largely everywhere else around the globe. The sad fact is that the regulators have utterly failed to impose any meaningful limits on the rise of the computers and their high frequency hi-jinks.

Now those computers dominate the entire market landscape for better and, eventually, worse.

The reason I say ‘worse’ is because the computers deliver the appearance, but not the reality, of market liquidity.

As long as they detect that everything is operating normally, or at least within their accepted bands or limits, then they indeed provide plenty of liquidity. But when events exceed those limits?

The computers just shut down, revealing the true lack of market depth. The key story of all markets, bonds, commodities, futures and equities, is that each has experienced a vast diminishment of liquidity.

Share volumes are down on the equity exchanges as fewer and fewer participants are willing play a rigged game.

 

[sToRmR1dR]

Massive blast rocks chemical plant in southern China (VIDEO)

https://www.rt.com/news/328384-hunan-chemical-plant-blast/

A massive fire broke out after a chemical plant exploded in the city of Lengshuijiang, in China’s southeastern Hunan province, local media reports.

Firefighters managed to contain the blaze, local media reported, adding that there were no casualties as a result of the incident.

While there is no information available about the cause of the explosion, specialists are monitoring the air near the plant to check whether there has been any chemical contamination.

Explosion at chemical plant in China's Shandong province

Last year, China was hit by a wave of explosions rocking its industrial facilities.

In December, a blast was reported at a pesticide plant in the city of Jilin in northeastern China. Authorities were forced to issue a warning to locals not to approach the plant.

In November, an explosion was reported at a chemical factory in Fushun, also in northeastern China. While no casualties were reported during this incident, a previous blast in October at a civilian-use explosives factory in eastern China left two people injured and nine were reported missing.

Shocking aftermath of blasts in busy Chinese port of Tianjin

A major blast at a warehouse storing hazardous chemicals in Tianjin, also in the country's north-east, happened in August. More than 170 people were killed and nearly 800 injured in a series of explosions. Staggeringly high cyanide levels were registered in the area following the incident.

 

[angelburst29]

Massive blast rocks chemical plant in southern China (VIDEO)

https://www.rt.com/news/328384-hunan-chemical-plant-blast/

A massive fire broke out after a chemical plant exploded in the city of Lengshuijiang, in China’s southeastern Hunan province, local media reports.

Firefighters managed to contain the blaze, local media reported, adding that there were no casualties as a result of the incident.

Massive Fire Breaks Out as Blast Rocks South China Chemical Plant
http://sputniknews.com/asia/20160109/1032881995/blast-chemical-plant-china.html

A fire broke out at a chemical plant on Saturday after it was rocked by a massive explosion in China’s southern city of Lengshuijiang, local media reported.


China Chemical Plant Explosion: Reports Of Fire, Blast Seen In Lengshuijiang (Video)
http://www.ibtimes.com/china-chemical-plant-explosion-reports-fire-blast-seen-lengshuijiang-2257934

A major explosion was reported at a chemical plant in the south-central Chinese city of Lengshuijiang Saturday, according to tweets reportedly sent from the scene. It was unclear if anyone was injured or killed, but rescue efforts appeared to be ongoing by noon EST.

The cause of the blast is still unknown, Huang Zhaouyun tweeted. A video said to be of the explosion was uploaded to Youtube and circulated on social media.

The video shows a fire in the background with smoke piling into the sky. About 12 seconds into the 30-second video what appears to be an explosion could be seen and heard.


Chemical plant exploded and was on fire in Lengshuijiang city China
https://www.youtube.com/watch?v=siEqd7cGEw4

Published on Jan 9, 2016

Chemical plant exploded and was on fire in Lengshuijiang cit China’s Hunan on Jan. 9. Rescue ongoing.

 

[angelburst29]

Another explosion in E. China at a Fireworks factory in Hongsheng.

Chinese fireworks factory rocked by explosions (VIDEO, PHOTOS)
https://www.rt.com/news/329476-explosions-fireworks-factory-china/


Three dead, 53 injured in E. China fireworks plant blast
http://www.shanghaidaily.com/national/Three-dead-53-injured-in-E-China-fireworks-plant-blast/shdaily.shtml

Jan. 19, 2016 - THREE people were confirmed dead and another one remains missing after blasts swept a fireworks plant in east China's Jiangxi Province early on Wednesday, according to local authorities.

Fifty-three injured people are being treated in hospital.

The first blast ripped through a workshop of Hongsheng fireworks factory in Kunshan village, Guangfeng district, Shangrao city at around 0:30 a.m. Wednesday, said the city's emergency management office. Several blasts followed.

Rescuers have managed to pull out 21 people who were trapped in the dormitory area of the plant and sent them to hospital. More than 1,000 people nearby were evacuated to safe areas after the blasts.

Shock waves damaged some villagers' homes. Xinhua reporters saw sporadic minor blasts at the scene at 8 a.m..

The plant and all other 31 fireworks in Yangkou Township of Guangfeng have production permits. The executives of the plant were under the custody by police for investigation.

The Guangfeng area boasts a history of more than 300 years in fireworks production.


Fireworks plant explodes in China with 4 missing and 25 injured
https://www.youtube.com/watch?v=w9HzYiJGbZY


Aerial view: fireworks plant blast in E China - YouTube
https://www.youtube.com/watch?v=Tw0WXuqeRq0

 

[Chad]

Wow. Thanks AngelBurst. The frequency of these happenings is probably too often to be solely some type of secret government sabotage so my other thinking is perhaps this relates also to the regular gas explosions happening worldwide? In that some matter is behaving quite differently? The other thought that's occurred is that, if China went through the same before when the BBM was going through a similar cycle, and since they've apparently had gun powder for a long time... the people could really chock random explosions up to 'supernatural' happenings, or the prelude that more, maybe bigger and 'better', is to come.

 

[angelburst29]

In regards to "frequency of these happenings" ........


Jan. 19, 2016 - Three dead, 53 injured in E. China fireworks plant blast in Hongsheng.
http://www.shanghaidaily.com/national/Three-dead-53-injured-in-E-China-fireworks-plant-blast/shdaily.shtml

Jan.09, 2016 - Massive blast rocks chemical plant in southern China in the city of Lengshuijiang (VIDEO)
https://www.rt.com/news/328384-hunan-chemical-plant-blast/

Dec. 09, 2015 - Blast causes massive fire at chemical plant in Jilin Province China , firefighters at scene (VIDEO, PHOTOS)
https://www.rt.com/news/325235-chemical-plant-china-blast/

Nov. 17, 2015 - Blast & fire reported at chemical factory in Fushun, China’s Liaoning province (PHOTOS)
https://www.rt.com/news/322440-blast-chemical-plant-liaoning/

Oct. 21, 2015 - 9 missing, 2 injured in blast at Chinese explosives factory Shandong province's Pingyi county (PHOTOS)
https://www.rt.com/news/319260-china-explosives-factory-blast/

Oct. 01, 2015 - Another blast rocks China’s Liucheng County after series of deadly explosions in southern China (PHOTOS)
https://www.rt.com/news/317144-china-blast-liucheng-explosions/

Sept. 30, 2015 - 15 massive blasts in Guangxi, China: At least 6 killed, 13 injured, police blame explosive parcels (PHOTOS)
https://www.rt.com/news/317030-china-massive-blasts-liuzhou/

Sept. 07, 2015 - Blast reported at chemical plant in eastern China province of Zhejiang
http://www.reuters.com/article/us-china-blast-idUSKCN0R711Z20150907

August 31, 2015 China Rocked By 3rd Massive Chemical Explosion Lijin, Dongying City of Shandong (PHOTO)
https://www.rt.com/news/313933-china-factory-blast-new/

August 22, 2015 - Explosion at chemical plant in China's Shandong province (PHOTOS, VIDEO)
https://www.rt.com/news/313116-china-chemical-plant-explosion/

August 12, 2015 - 50 dead, over 700 injured, after blast rocks northeastern Chinese city of Tianjin (VIDEOS, PHOTOS)
https://www.rt.com/news/312292-china-tianjin-massive-blast/

July 17, 2015 - Huge blaze after blast rocks petrochemical plant in east China's Shandong Province (VIDEO)
https://www.rt.com/news/310069-blast-blaze-chinese-plant/

April 06, 2015 - Blast at paraxylene plant in Zhangzhou City in China's Fujian Province (VIDEO)
https://www.rt.com/news/247129-blast-plant-paraxylene-china/

 

[sToRmR1dR]

Huge blaze billowing smoke rips through Chinese chemical plant

https://www.rt.com/news/345006-huge-blaze-china-plant/

A massive fire at a chemical plant in China’s central Hubei Province has injured at least three people, while covering the area with dark, thick clouds of smoke.

The fire, which reportedly started in the city of Yichangon on Tuesday afternoon, has been successfully extinguished, according to China’s CCTV agency.

http://<iframe width="560" height="..._I" frameborder="0" allowfullscreen></iframe>

Video footage from the scene shows extremely dark, heavy clouds of smoke spreading to nearby areas as people run from the huge blaze.

Dozens of firefighters were dispatched to battle the fire as quickly as possible.

Meanwhile, the local environmental department said that the air pollution was being controlled and is currently at a relatively safe level.