Fanya Metals Fallout: Song Hongbing Attacked By Mob

Song Hongbing is a financial writer whose series of "Currency War" books were popular in the run-up to the 2008 crisis. I haven't read all his books, but his first had a lot on the Rothschilds, and was pro-gold, anti-dollar. It wasn't too different from arguments you might have heard in the West about the need to buy gold and the death of the dollar. A post I did from 2011: Chinese silver futures market is three times the size of CME; does this sound like a bubble?

SCMP: Chinese investors attack bestselling financial author they blame for ‘40 billion yuan losses’
A high-profile Chinese author of a controversial financial bestseller claims his clothes were torn and his glasses trampled on after he was attacked by angry investors who blame him for them losing 40 billion yuan [HK$48 billion].

Song Hongbing said he was assaulted on Saturday while giving a talk at a hotel in Taiyuan, in Shanxi province, by the investors who bought shares in financial products managed by Fanya Metal Exchange, which is at the centre of an investment scandal.

...Song leapt to fame on the mainland in 2007 after writing a conspiracy-theory bestseller Currency Wars – a book suggesting that Western financial institutions, including the US Federal Reserve, are controlled by a group of bankers that remain loyal to the Rothschild family.
Background on Fanya.

FT: Chinese celebrity author apologises for endorsing Fanya
A bestselling Chinese author has apologised to investors for endorsing the Fanya Metals Exchange in a rare acknowledgment of the role celebrities and state media play in promoting high-interest products to the Chinese public.

Caixin: Author Disavows Letter Backing Angry Investors, Citing Physical Attacks
A controversial best-selling author has disavowed any links to a government-backed commodities exchange that has been accused of fraud, saying he wrote a letter apologizing for his support of the bourse only because angry investors physically attacked him.

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