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"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages.
As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a joint statement vowing a campaign against these trades, sending US-listed Chinese stocks tumbling.
The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers...
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Jim Rickards
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Report: CENTCOM ‘Locked Down’ Investigation Into Strikes on Iranian School
Sources say that US Central Command (CENTCOM) did not engage in the standard review process for the strikes on a school in Iran that killed 168 children. According to officials speaking with CNN, the strikes on the Shajareh Tayyiba school in Minab only underwent part of the standard review process. The Department of War conducted […]
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May 30, 2026 / Tyler Durden
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
Authored by Michael Snyder via The Economic Collapse blog,
No matter what happens now, the world is facing a very painful energy crisis. Let’s be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions starting tomorrow. Before normal traffic through the Strait could resume, Iran would first have to remove all of the mines that they have laid in...
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