CHINA: Zero Growth, Black Swan Event, Get Prepared For Total Global Meltdown
Another “growth story” is dying before our very eyes.
China is rapidly approaching ZERO growth. This is not less growth, but ZERO growth as in full-scale economic collapse from the days of 12% GDP growth per year.
Over 99% of “analysts” are missing this, but it is a fact. If you ignore the ridiculous GDP numbers (which even China’s Premiere has admitted are a joke in the past) and look at more accurate metrics, it’s clear China is collapsing at an alarming rate. Case in point,Electrical consumption rose by just 2.9% in the first quarter of this year.
How on earth can you generate GDP growth of 7% when you electrical consumption is rising by just 2.9% is beyond me. And when you consider that China is experiencing this weak growth despite having pumped over $1 trillion into its economy in the same quarter (an amount equal to 14% of China’s total GDP) you begin to understand the scale at which things are imploding in the People’s Republic.
Check out the chart for China’s stock market: we’re about to take out the post-2009 “recovery” trendline. And this is while China is pumping trillions in new credit into its economy!
This is a Black Swan that few are noticing. If you look around the mainstream financial media in the US, you see talk of Bernanke tapering, discussions of rising interest rates and even the occasional story about how Europe is not fixed. But you won’t find stories about China facing ZERO growth. There’s only one I’ve seen and it was published in the Telegraph, a British newspaper.
http://www.zerohedge.com/contributed/2013-07-23/coming-black-swan-china
China PMI Plunges To 11-Month Low, Employment Weakest In Over 4 Years
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HSBC China PMI drops to 11-month low, diverging dramatically from the government’s version (for now)…
China risks deflation trap as true GDP crumbles
China is sliding towards a deflation trap and may be in outright recession already if data are measured accurately, with serious knock-on risks for the global economy.
Fitch says China credit bubble unprecedented in modern world history
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Whistler Blowers, Insiders
Doesn’t prove China is heading for a collapse.
Here is an idea. I am fond of Chinese culture and enjoy good relations with the Chinese scholars and local people of Chinese ancestry I have met. I also care a great deal for the American military personnel that our congress and commander and thieves sacrifice like a bag of peanuts. It seems prudent to consider the option of bagging up our congress and the ‘Chucky meets Talking Tina and The Village People’ Administration and put them in a FEMA bus and send them to China for reprogramming. The American economy is being dragged into the gutter and the sabre rattling of the freaks in charge is transparent in that those mentally ill souls who are sabre rattling will be the first underground to avoid the destruction of earth with insanely lethal nuclear and biological hell. End greed. Let our government wear khaki and live in a townhouse for a few terms. It would do them good. Peace. Nothing needs to collapse except for American egos. Boil the banksters.