The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing

Keep an eye on the shadow banking system – it is about to be shaken to the core.  According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars.  It has approximately tripled in size since 2002.  In the U.S. alone, the size of the shadow banking system is approximately 24 trillion dollars.  At this point, shadow banking assets in the United States are even greater than those of conventional banks.  These shadow banks are largely unregulated, but governments around the world have been extremely hesitant to crack down on them because these nonbank lenders have helped fuel economic growth.  But in the end, we will all likely pay a very great price for allowing these exceedingly reckless financial institutions to run wild.

If you are not familiar with the “shadow banking system”, the following is a pretty good definition from investing answers.com…

The shadow banking system (or shadow financial system) is a network of financial institutions comprised of non-depository banks — e.g., investment banks, structured investment vehicles (SIVs), conduits, hedge funds, non-bank financial institutions and money market funds.

How it works/Example:

Shadow banking institutions generally serve as intermediaries between investors and borrowers, providing credit and capital for investors, institutional investors, and corporations, and profiting from fees and/or from the arbitrage in interest rates.

Because shadow banking institutions don’t receive traditional deposits like a depository bank, they have escaped most regulatory limits and laws imposed on the traditional banking system. Members are able to operate without being subject to regulatory oversight for unregulated activities. An example of an unregulated activity is a credit default swap (CDS).

These institutions are extremely dangerous because they are highly leveraged and they are behaving very recklessly.  They played a major role during the financial crisis of 2008, and even the New York Fed admits that shadow banking has “increased the fragility of the entire financial system”…

The current financial crisis has highlighted the growing importance of the “shadow banking system,” which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound influence on the global financial system. In a market-based financial system, banking and capital market developments are inseparable: Funding conditions are closely tied to fluctuations in the leverage of market-based financial intermediaries. Growth in the balance sheets of these intermediaries provides a sense of the availability of credit, while contractions of their balance sheets have tended to precede the onset of financial crises. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the fragility of the entire financial system by allowing banks and other intermediaries to “leverage up” by buying one another’s securities.

Over the past decade, shadow banking has become a truly worldwide phenomenon, and thus it is a major threat to the entire global financial system.  In China, shadow banking has been growing by leaps and bounds, but this has the authorities deeply concerned.  In fact, according to Bloomberg one top Chinese regulator has referred to shadow banking as a “Ponzi scheme”…

Their growth had caused the man who is now China’s top securities regulator to label the off-balance-sheet products a “Ponzi scheme,” because banks have to sell more each month to pay off those that are maturing.

And what happens to all Ponzi schemes eventually?

In the end, they always collapse.

And when this 75 trillion dollar Ponzi scheme collapses, the global devastation that it will cause will be absolutely unprecedented.

Bond expert Bill Gross, who is intimately familiar with the shadow banking system, has just come out with a major warning about the lack of liquidity in the shadow banking system…

Mutual funds, hedge funds, and ETFs, are part of the “shadow banking system” where these modern “banks” are not required to maintain reserves or even emergency levels of cash. Since they in effect now are the market, a rush for liquidity on the part of the investing public, whether they be individuals in 401Ks or institutional pension funds and insurance companies, would find the “market” selling to itself with the Federal Reserve severely limited in its ability to provide assistance.

As far as shadow banking is concerned, everything is just fine as long as markets just keep going up and up and up.

But once they start falling, the whole system can start falling apart very rapidly.  Here is more from Bill Gross on what might cause a “run on the shadow banks” in the near future…

Long used to the inevitability of capital gains, investors and markets have not been tested during a stretch of time when prices go down and policymakers’ hands are tied to perform their historical function of buyer of last resort. It’s then that liquidity will be tested.

And what might precipitate such a “run on the shadow banks”?

1) A central bank mistake leading to lower bond prices and a stronger dollar.

2) Greece, and if so, the inevitable aftermath of default/restructuring leading to additional concerns for Eurozone peripherals.

3) China – “a riddle wrapped in a mystery, inside an enigma”. It is the “mystery meat” of economic sandwiches – you never know what’s in there. Credit has expanded more rapidly in recent years than any major economy in history, a sure warning sign.

4) Emerging market crisis – dollar denominated debt/overinvestment/commodity orientation – take your pick of potential culprits.

5) Geopolitical risks – too numerous to mention and too sensitive to print.

6) A butterfly’s wing – chaos theory suggests that a small change in “non-linear systems” could result in large changes elsewhere. Call this kooky, but in a levered financial system, small changes can upset the status quo. Keep that butterfly net handy.

Should that moment occur, a cold rather than a hot shower may be an investor’s reward and the view will be something less than “gorgeous”. So what to do? Hold an appropriate amount of cash so that panic selling for you is off the table.

In order to avoid a shadow banking crisis, what we need is for global financial markets to stabilize and to resume their upward trends.

If stocks and bonds start crashing, which is precisely what I have projected will happen during the last half of 2015, the shadow banking system is going to come under an extreme amount of stress.  If the coming global financial crisis is even half as bad as I believe it is going to be, there is no way that the shadow banking system is going to hold up.

So let’s hope that the financial devastation that we have seen so far this week is not a preview of things to come.  The global financial system has been transformed into a delicately balanced pyramid of glass that is not designed to handle turbulent times.  We should have never allowed the shadow banks to run wild like this, but we did, and now in just a short while we are going to get to witness a financial implosion unlike anything the world has ever seen before.

Credit to Economic Collapse

China claims to have the world’s first material for light-propelled spaceflight

The following is based on a translation of a report in Chinese media:

According to xinhuanet.com’s report on June 19, through 3 years of research, Prof. Chen Yongsheng of the College of Chemistry and Prof. Tian Jianguo of the Institute of Physics, Nankai University have obtained a special graphene material for light-driven flight.

Due to the special electronic characteristic of graphene and the macrostructure and form of the material, the material is able to get driving force from light 1,000 times greater than ordinary light pressure.

The website’s reporter claimed to have seen with his own eyes a graphene sponge in the shape of a round biscuit move 40 cm horizontally and vertically with the propulsion of various kinds of light.


Prof. Chen said that according to his calculation, a 500kg load with a driving sail made of the graphene material can get at least an acceleration of 0.09 m/s in theory.

To date, chemical propulsion is used for almost all aviation and spaceflight, but chemical propulsion limited exploration of the universe due to the limit of chemical fuel a spaceship can carry.

As there is light in the universe, flight directly propelled by light has long been scientists’ and astronauts’ dream.

Credit to Chinadaily.com

http://chinadailymail.com/2015/06/30/china-claims-to-have-the-worlds-first-material-for-light-propelled-spaceflight/

COUP: Political Enemies of Tspiras to Destroy Greece

Heartbreaking Scene Unfolds At Greek Banks As Pensioners Clamor For Cash

1,000 Greek bank branches chanced a stampede in order to open their doors to the country's retirees on Wednesday.

The scene was somewhat chaotic as pensioners formed long lines and the country’s elderly attempted to squeeze through the doors in order to access pension payments. 

As Bloomberg reports, payouts were rationed and disbursals were limited according to last name. Here’s more: 

It’s a day of fresh indignities for the people of Greece.

About a third of the nation’s depleted banks cracked open their doors after being closed for three days. But all they did was ration pension payments, hours after the country became the first advanced economy to miss a payment to the International Monetary Fund and its bailout program expired.

On the third day of capital controls, a few dozen pensioners lined up by 7 a.m. at a central Athens branch of the National Bank of Greece, an hour before opening time. They were to receive a maximum of 120 euros ($133), compared with the average monthly payment of about 600 euros. Many left with nothing after the manager said only those with last names starting with the letters A through K would get paid.

“Not only will I have to queue for hours at the bank in the hope of getting 120 euros, but I’ll have a two-hour round trip,” said Dimitris Danaos, 77, a retired local government worker who was making the bus journey from his home outside the Greek capital to the suburb of Glyfada. 

AFP has more color:

In chaotic scenes, thousands of angry elderly Greeks on Wednesday besieged the nation’s crisis-hit banks, which have reopened to allow them to withdraw vital cash from their state pensions.

“Let them go to hell!” said one pensioner waiting to get his money, after failed talks between Athens and international creditors sparked a week-long banking shutdown.

The Greek government, which closed the banks and imposed strict capital controls after cash machines ran dry, has temporarily reopened almost 1,000 branches to allow pensioners without cards to withdraw 120 euros ($133) to last the rest of the week.

The move has again sparked lengthy queues at banks across Greece — and outrage from many retirees who are regarded as among the most vulnerable in society, exposed to a vicious and lengthy economic downturn.

Under banking restrictions imposed all week, ordinary Greeks can withdraw up to 60 euros a day for each credit or debit card — but many of the elderly population do not have cards.

Another customer, a retired mariner who asked not to be named, told AFP he had no cash to buy crucial medicine for his sick wife.

“I worked for 50 years on the sea and now I am the beggar for 120 euros,” he said.

“I took out 120 euros — but I have no money for medication for my wife, who had an operation and is ill,” he added.

As we outlined in detail earlier this morning, the latest polls show a slim majority of Greeks plan to vote "no" in the upcoming referendum (which, as far as we know, will still go on). Many analysts and commentators say a "oxi" vote would likely lead to a euro exit and with it, far more pain for the country's retirees.

Indeed, as we noted on Tuesday in "For Greeks, The Nightmare Is Just Beginning: Here Come The Depositor Haircuts," Goldman has suggested that only once Syriza's "core constituency of pensioners and public sector employees" sees the cash reserves (to which they have heretofore enjoyed first claim on) run dry, will they "face the direct implications of the liquidity squeeze the political impasse between Greece and its creditors has created. And only then will the alignment of domestic political interests within Greece change to allow a way forward."

And so, as sad as it is, the scene that unfolded today in front of the roughly one-third of Greek bank branches which opened their doors to pensioners, may have been preordained by the powers that be in Burssels because as we said yesterday evening, breaking Syriza's voter base may have been necessary in order for the Troika to finally force Tsipras to relent or else risk being driven from office, after capital controls and depositor haircuts force public sector employees to collectively cry "Uncle", beg Europe to take it back, and present Merkel with Tsipras and Varoufakis' heads on a proverbial (and metaphorical, we hope) silver platter. 

Credit to Zero Hedge

White Transport Vehicles Entering USA Ports and Strip Mall Conversions to FEMA Camps Spells Trouble

FEMA Camps are spreading like a bad cold

The United States is witnessing the importation of white buses and vans in record numbers. Malls, all across the UK, Canada and the United States are witnessing strip mall conversion to FEMA camp guard towers. Further, new malls are incorporating FEMA camp guard towers into their construction. And the largest owners of malls in North America have struck a deal with DHS to allow their facilities to be used as FEMA camp detention facilities. What does it all mean?

UN Trucks Spotted In Missouri And Military Is Digging a Lake

There is no question as to what is happening here. Do these vehicles belong on U.S. soil? Why are they here. What does this mean to you and me?

Ominous Convoy of White Buses Seen Entering and Leaving Port of Jacksonville, Florida

Dahboo777 captures a large number mysterious ‘White Buses” in the Port of Jacksonville. We have previously seen these buses inland and traveling on the nation’s highways. These kinds of buses have been seen headed into Baltimore and they were carrying large numbers of troops. Yet, these troops were never deployed in Baltimore for riot control. That is, because as I have stated many times before, part of Jade Helm is about prepositioning troops for World War III and various “assets” are being put into place for massive crowd control. Further, to assist in the roundup of millions of Americans, foreign troops will be used and these buses will also be utilized for this purpose as well. Please note the lack of identifying labels on the trucks.

Operation Mountain Guardian was a disaster drill and a Continuity of Government exercise.

Dahboo 777 noted that busies of this type were spotted between stadiums and they were filled with military troops. Please allow me to remind you that DHS has contracted with every major league sports franchise to use their stadiums and arenas for impromptu FEMA camps. In fact, in Operation Mountain Guardian, in 2011, this very event was rehearsed in Denver and it involved the shutdown of Denver International Airport and Sports Authority Field where the Denver Broncos plays football in the National Football League. In the drill, children were taken,

Where will they take the children? Will you get them back and when?

from Denver elementary schools, during school hours without the permission of their parents. This same drill was repeated in New Jersey where the New York Giants NFL football team plays. Due to a lack of resources, DHS used the buses of the Denver Public Schools to forcibly take children to Sport Authority Field. This time, DHS is prepared and has their fleet of White Buses.

Dahboo 777 is quick to point out that the White Buses have been spotted by a “veteran” truck driver in Florida as he spotted the “White Buses” entering the Port of Jacksonville and they were accompanied by a fleet of unmarked white trucks. The truck driver followed the busies to Highway 295 South.

Here are these buses taking children away without the permission of their parents.

At the end of the day, these “White Vehicles” are ultimately are going to used to transport UN personnel and their selected guests to their new homes.

Massive Amounts of Command Vehicles and Portable Detention Pods Spotted Outside of Oklahoma City

In the past few days, I have been sent several photos by no less than three people who spotted this massive train. The pictures contain the following disturbing images. Ask yourself why these are needed on American soil? To understand their purpose refer to the above paragraphs.

‘

A picture is worth a thousand words. And then we have the following:

As far as the eye can see.

Update From Marana, Arizona

I had previously reported that both Steve Quayle and myself had received credible information that a strip mall was being constructed and it could easily be converted to be a FEMA detention camp. I made a public request for more information from the public and here are the results of this request.

Herb Lane originally sent me this story from Inside Tucson Business, from November of 2014. In part the article stated, “The Tucson Premium Outlets, at Twin Peaks Road and Interstate 10, will have more than 90 stores when it opens next fall”. However, the project has some very unique design features.

Tucson Premium Outlets will anchor Marana Center, a 170-acre mixed-use commercial center being developed by Vintage Partners. The mall, owned by Indianapolis-based Simon Property Group, will have more than 360,000 square feet of leasable space”. What’s not mentioned here, but I have been able to determine, is that there is no anchor store for this mall.

At first glance, this seems to be a case of “no big deal”, except for the fact that Simon Properties, as I have previously covered, has signed a lease agreement with DHS to use their malls and strip malls for FEMA detention facilities back on 2012.

Subsequently, Herb Lane followed up and found some very disturbing aspects of this project.

Dave,

Just a thought:  You mentioned about 80% of the public goes to Walmart.  With the towers and doorway facial recognition system in place, maybe one day you go shopping, but never come out again.  Under the NDAA, you just disappear, or are “mugged” in the parking lot at night, etc.  Maybe they haul your car off…maybe not.  The towers might have the camera systems, initially, to locate people of interest to DHS.  Later they could be used as you indicated.

Following this report, Herb Lane followed up with some very disturbing information about this development. In Herb’s photos, they clearly show guard towers. Unfortunately, his photos could neither be “print screened” or converted to a JPEG, and as such, cannot be reproduced here. However, Herb’s photos are striking similar to what lies below.

I am calling for someone in the Tucson area to visit this development off of Twin Peaks Road, near the highway and take photos in a JPEG format. For now, I would have to say that we have photos that look just like what I published two days ago in which strip malls, both in the UK and in Washington State, have newly erected guard towers. In the meantime, I researched this facility and here is what I was able to come up with.

This is the location of the facility.

TAke note of the potential guard tower. Previously, pictures of retrofitted strip malls with guard towers add as a retrofit have been published on this site. Now we the same feature being included in the original design by Simon Properties. .

Artist depiction of the project.

Artist depiction of the project from a different angle.

Did I mention that this facility is close to Interstate 10 and it is located near a major set of railroad tracks?

More From Washington State

Fro the second time in three days, I received more evidence of guard tower facilities, either being retrofitted or built into new mall structures. The owner of these malls is Simon Properties, the largest owner of malls and strips malls in North America. As stated earlier, Simon signed an agreement with DHS which allows the conversion of their facilities into detention camps which would be managed by FEMA and DHS.

Dave,

Read your article on malls with towers easily converted into FEMA Camps. Thought you would find this interesting. It’s along I-5 in Tacoma, Washington. Could easily be used as what you have described. It was fun to watch them construct this – a cool sign for their business. As I watched them construct this – a few days later – a thought kept lingering in my mind, “Why build a tower? What does a forest fire lookout tower have to do with woodsman sports?”

The following is eerie and downright bizarre.

Located near Tacoma, WA.

Smart Centres, Guard Towers and the Walmart Connection

Julia Ramphal sent me the following email about Smart Centres and the Walmart connection to all of this.

Hi Dave,
There are many shopping malls here in Canada called Smartcentres. Www.smartcentres.com. Many fit the profile of what you have been writing about recently in regards to being close to railway tracks and having tower structures in their design etc. Some have Walmarts. Note the name “Smart” as in Smart cars, Smart meters etc. The man that brought Walmart to Canada, Mitchell Goldhar, owns Smartcentres. You probably know all this already but I thought I would send you this information just in case.  Julia

The Tridome.

We need “eyes on these facilities and they are located all over Canada. Please visit these centers and send me your photos. To find the nearest Smart Centre to you click here.

Summary

White buses are being shipped into the United States. UN vehicles are being spotted all over the country. The U.S. is experiencing an unprecedented movement of troops and material. Several old strip malls are being retrofitted to become detention centers which are complete with added guard towers. New malls, especially those owned by Simon Properties are experiencing a design alteration in which it is apparent that potential guard towers are being built into the new structures.

Do you really think that these events, which are taking place in the same time frame as Jade Helm, are merely a set of random coincidences?

With the roll out of Jade Helm, what does all of this mean for you and me?

Credit to Common Sense

http://www.thecommonsenseshow.com/2015/06/30/white-transport-vehicles-entering-usa-ports-and-strip-mall-conversions-to-fema-camps-spells-trouble/

Is the US Set to Be the Next Greece?

State and local pension plans throughout the United States are underfunded, which has some financial experts wondering whether the type of economic crisis that befell Greece could hit America sometime soon.

A survey by the Center for Retirement Research found that 150 state and local pension plans had an average ratio of assets to liabilities of 74%. In other words, for every dollar those funds owe their pensioners, they only have 74 cents in assets.

© FLICKR/ MI CHIEL

Wall Street Opens Lower as Greek Bank Shock Spreads

According to MarketWatch: Chicago's six pension plans are 40% funded; New Jersey's are at 51.5%; and Puerto Rico, which is facing its own crisis moment, is grossly underfunded at 3%.

Many fear that elevated pension costs might push these public entities into insolvency. Detroit, as well as Vallejo, Stockton and San Bernardino in California, have already declared bankruptcy due to overwhelming pension costs.

In many states, public pensions are protected by state constitutions or statutory law, and Chapter 9 bankruptcy proceedings favor cities and other municipal governments. That has resulted in bond values being cut much more than pension benefits, which is bad news for bondholders.

Rather than raise taxes, many cities have turned to pension obligation bonds (POBs), which allow a city or state to borrow money to make its pension payments and issue bonds that will be repaid by future city revenues.

© FLICKR/ FRANKIELEON

Puerto Rico’s Debt Crisis Likely to End in Bankruptcy Restructuring

But, POBs are risky.

"When you buy POBs, you're exposing yourself to the pension fund and essentially lending money to leverage its portfolio," Kenneth Potts, of Samson Capital Advisors, was quoted as saying by MarketWatch.

In other words, there is neither a real asset backing these bonds, nor a specific revenue stream to guarantee repayment. Or, as Moody's put it: "in essence, pension obligation bond is a misnomer because the bonds are simply a vehicle to fund pensions."

That means when there are not enough funds to go around, a bankrupt city can choose to give the little money it has to its pension funds but not to its pension obligation bondholders, MarketWatch reported.

© SPUTNIK/ IGOR MIKHALEV

US Congress Would Not Bail Out Puerto Rico - Financial Consultant

In the Caribbean, the US commonwealth of Puerto Rico is $73 billion in debt – an amount the government says it cannot pay back.

If the Puerto Rican government stops paying its bills, it will trickle down to Puerto Rican businesses, which in turn will be unable to pay their Florida suppliers – the largest provider of goods and services to Puerto Rico.

To avoid disaster, the US Congress may move to allow US territories like Puerto Rico to file for bankruptcy protection.

"We hope so," Florida bankruptcy attorney Charles Tatelbaum told WLRN, "because otherwise it's going to be financial chaos – worse than Greece."

Credit to Sputnik

Read more: http://sputniknews.com/us/20150701/1024061262.html#ixzz3earMJ5ss

China Bans Islam And Says It Does Not Give A Darn To All The Cry Babies Who Complain

By Walid Shoebat

When China banned Ramadan on its Turkic Muslim population, Muslims globally including much of the western media began to expose the issue with the typical game play of victimhood. In reality, in China, Muslims are allowed to pray, fast, and go to the mosques however with the restriction that they do not preach towards non-Islamic villages with the aim of spreading an Islamic revolution throughout China.

There is therefore some flexibility in terms of following the Islamic way of life despite the limited resources in terms of scholars and Islamic books that may be understood by locals. There are also Chinese imams who lead congregational prayers and there is room for Muslims to gather, break their fast together, and pray. Yet in recent years, there has been a rise in prohibitions with regards to fasting in some Muslim provinces where there are political unrest. In other words, in China, once Islam begins to start trouble, a ban on Islam is issued in the troubled zone. China is telling Muslims that if you want to fast Ramadan, it is fine, but if you want to push your revolution, then a Ramadan-ban is added as a bonus punishment.

In these troubled regions, China has added several bonus-punishments and banned all Muslim civil servants, Muslim students and Muslim teachers, especially in the Xinjiang province with a large Muslim population in the northwest, from fasting during Ramadan. In addition to the ban on fasting, China has ordered restaurants to stay open all day during Ramadan. “Food service workplaces will operate normal hours during Ramadan,” a notice posted on the website of the state Food and Drug Administration said. Even wearing the hijab in public, including on public transportation and when getting married in a religious ceremony, was banned in 2014, with fines of about $353 for wearing a hijab in public. In China’s Muslim trouble-making areas, prohibiting alcohol and smoking and eating halal food is considered radical behavior and is also banned. Wherever there is a Muslim revolution, there is a ban on Islam.



In reality, China is cracking down on Muslims who apply peer pressure and public scorn towards Muslims who decided to smoke or drink alcohol and many local shopkeepers had stopped selling alcohol and cigarettes since 2012 because they fear public scorn, while many locals had decided to abstain from drinking and smoking as a result of Sharia pushers. But the Chinese government says enough is enough, and it actually gives the freedom for the shopkeepers to carry cigarettes and alcohol which gives them the excuse to tell the Sharia mafia ‘sorry’ but that it is a government mandate to allow smoking.



This sends a message, you push your Islamic revolution on us and we will push back to say no Islam altogether. It is sort of like Russia, if the homosexual agenda tries to push its agenda on the public, then Russia does care what goes on your bedroom and expect a good dose of beating if caught practicing homosexuality.

And China doesn’t care about all the cry-babies complaining. China argues that in Hong Kong, for example, where Muslims cause no trouble, the Muslim in the community there do not only have the permissibility to practice religion but has the freedom to preach it and host lectures for the general public and is why China has rejected criticism over the fasting ban and says it faces a “terrorist threat” in Xinjiang, which officials blame on “religious extremism” for growing violence in the region. If one is in doubt that in China Muslims have freedom, they can read what Muslims themselves write about their freedom of religion in China and is why folks need to study instead of reading all the media hype about the game of victimhood and such.

If China’s ways are applied in the U.S., it will be the end of Dearborn including all the cry babies of victimhood from homosexuals including all the African Americans with a chip on their shoulder. The game of victimhood has risen sky-high in the U.S. since Obama was elected in office. It is strange to think that America is racist when the people twice elected an African American. It is also strange to believe that homosexuals just want to practice their sexuality and they do not have an agenda to push their lifestyle on children.



With all the hoopla about freedom of religion, try to have Dearborn decide that it is now a Muslim zone and is independant from Michigan and the entire U.S.

The Uyghur are separatists who claim that the region, which they refer to as East Turkestan, is not a part of China, but that the Soviet supported Second East Turkestan Republic which was incorporated by China in 1949 and has since been under Chinese occupation. The separatist movement is led by Turkic Islamist militant organizations, most notably the East Turkestan independence movement, against the national government in Beijing. This whole movement starts terror attacks and kill Chinese huns. Abdullah Mansour, leader of the Uyghur separatist movement wrote: “We have to conquer our own country and purify it of all infidels. Then, we should conquer the infidels’ countries and spread Islam. The infidels who are usurping our countries have announced war against Islam and Muslims, forcing Muslims to abandon Islam and change their beliefs.”

So while the media hypes up the so-called persecution of Muslim Chinese, Americans need to learn the difference between real persecution and the play of victimhood which they see in their back yards.

Turkey says it has conveyed “deep concerns” to China over reports that minority Chinese Uighur Muslims were being prevented from worship and fasting during the Muslim month of Ramadan.

In a mildly worded statement issued Tuesday, the Turkish Foreign Ministry said that the Turkish public was “saddened” by the reports and that Turkish concerns were relayed to the Chinese ambassador in Ankara. While Turkey has close cultural ties to the Uighurs but is also keen to maintain good relations with China.

Credit to Shoebat.com