31 Mar Paulson and China Opera

The market is waiting on Paulson speech today, and then his visit to China tomorrow.

I was watching a China Phoenix channel program on the subprime crisis with the speaker from Goldman Sachs China.

The interviewer broached the topic of Conspiracy Theory, FED itself is a private corporation with the few families as major stakeholders.

Conspiracy One is that the current crisis is planned and orchestrated by some parties who are gaining by shorting the market beforehand.

Conspiracy Two is the China CITIC deal to buy Bear Sterns was a ploy by the US government to suck in the China funds. The approval process for the China investment was extremely speedy. Same goes for BlackRock.

AND Wen JiaBao, the Prime Minister of China was vocal about his concern on the weakening USD and weak economy of US. It sounds as if like it is US fault for staging the crisis and weak economy.

Now, Wu Yi has stepped down from her role in the Strategic Dialogue, with a new person who may not dance Tango with Paulson.

Hence, the future directions of China investment is obvious. Without anymore China suckers, the opera show of US stock market drop has to end.

The Sovereign Wealth Funds are probably exhausted. If they have to buy, they have to sell some where.

The curtain have to fall on the subprime opera, by no means subprime crisis is over. At least it would be played backstage.

The American would find itself alone on the stage if it is going to put up the show any longer.

As I have said long ago, las yr, the SUBPRIME is a hoax. A Hoax that eventually lead to some power shift in the US financial governance, and a seemingly OmniPotence FED. Would Hank Paulson be the next FED Chairman ?

IF GBP is going lower further, Sakorzy might as well buy over the Buckingham Palace and the Queens crown jewel. May be Carla Bruni would be the Queen of Anglo-Saxon.
That is another Conspiracy Theory there, forcing the British to drop the Pound and adopt Euro.