A question has been rolling around in my head ever since the launch of the anticipated #PetroYuan oil futures exchange took a miss last month. With Chinese New Year looming just ahead in February, along with the inevitable week-long cessation of business, will China delay the launch until after the national holidays?
So I took a look at the new rumored dated of January 18th. When you place that date within the context of traditional Chinese attitudes towards astronomical cycles, a launch of the exchange next week actually makes a lot of sense. The Chinese people pay much more attention to lunar and solar cycles than we westerners do. Times and seasons dictate that January 17th is the New Moon and many oriental cultures set the first day of the month by the New Moon. The number "8" is the luckiest number in Chinese culture. Therefore, it is possible that January 18th may have been the target date all along.
According to the website YourChineseAstrology.com [linked here], the remaining January dates flagged as "auspicious" for "signing contracts" are January 16, 19, 20, 22, and 23. So, a launch of the Shanghai exchange on the 18th falls within a window of good timing with just shy of four weeks to get things rolling before payment processing shuts down for Chinese New Year on February 16th.
However, there is another lunar coincidence that will be happening just two weeks after the window of January 18th. You are bound to hear a lot of hoopla about it as the date of January 31st approaches. A "Blood Moon" lunar eclipse will be visible in large parts of the U.S., northeastern Europe, Russia, Asia, the Indian Ocean, the Pacific, and Australia. Now, lunar eclipses happen regularly all year long. But this one carries a distinction not seen for over 150 years.
This will be the first time in more than 150 years that we've been able to see a Blood Red lunar eclipse on a Blue Moon date (that is, when two natural full moons happen within one calendar month, that second moon is called a Blue Moon.) For the record, such a coincidence did happen on December 30, 1982, but it happened at noontime so nobody could see it. For that reason, in another 15 days or so, you'll hear people talking about the "Blue Blood" moon coming up on January 31, 2018.
I can't say for sure how the Chinese regard the unusual lunar coincidence. If their oil exchange launch goes smoothly, the 31st will mark the fourteenth day after the launch. Tibetan Buddhists say that during a lunar eclipse, our actions, whether good or bad, are multiplied one thousand fold. For all we know, the Old Families of China have timed everything to fall into this January window to insure the success of what is being hailed as the birth of the #PetroYuan.
Mrs. Li Qingping, Chairperson of CITIC
While we're on the subject of the Shanghai International Energy Exchange, I thought I would mention this tidbit that likely got buried in the news. Back on December 14th, the INE announced the two banks that are now designated as Depository Banks for the margin business of the INE's overseas clients. Those two banks are the Agricultural Bank of China and the China CITIC bank.
An interesting fact about the CITIC Bank is that it is China's only bank to be led by a female president. There is a brief write-up of her history with the bank posted back in June 2014 at the website WomenOfChina.cn [linked here].
The article mentioned that Li already saw the need to expand the bank's role in E-banking. She was quoted as saying that the transformation of China's CITIC Bank will depend on the revolution of e-channels. She also said, "Network finance plays an important role in channels. The Internet or e-banking functions as an expressway. As long as we pave the way well, we can do well in retail and corporate businesses as well as other products that can bring in benefits to our customers."
Those statements were made four years ago before concepts like "bitcoin" and "cryptocurrency" had become household words. Her forward vision makes me wonder if, and how, the CITIC might be planning to integrate the Blockchain and a possible crypto role as the bank prepares to take on the deposit business for Chinese oil futures.
2018 is already promising to be a fortuitous "Year of the Dog." By the way, this year isn't just the year of any old dog, but the year of the "Earth Dog." The animals in the Chinese zodiac are further broken down into categories of natural elements, like, water, metal, wood, fire, and earth. And wouldn't you know it but, in Chinese cosmology, an "earth" period is actually associated with Saturn. Just hold that on the back burner for future blogs here at RM that will discuss the theories related to the Electric Universe and the possible plans our Overlords may be pursuing to resurrect Saturn as Earth's original star.