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China Now in Race to the Bottom - Officialy Confirmed!

Friday, August 24, 2012 9:00

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It has taken almost four years for the behemoth we know as the Global World Economy to slowly cease headway and stop.

This is not unlike the old adage about how long it takes the largest of the cruise liners to stop or change course once the engines are disengaged. The sheer weight and momentum carries them for miles before they finally turn or sit dead in the water.

The three legged stool of the global economy is essentially comprised of three major economic zones, two of which are publicly against the ropes, the Euro zone and the America’s–the less known Chinese economy has managed, until now, to maintain a stoic position of continued prosperity, which of course is mostly illusion.

Today it has become apparent that China’s facade is crumbling and indeed they are now the confirmed victims of their pre 2008 “success” and seem likely to collapse under their own weight.

They are scaled wrong for any form of sustainability, a common ailment around the globe.

Economic slowdown: China confronts mounting piles of unsold goods

After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.

The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.

The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.

Wen warns of economic problems facing China

Now while some of us are not surprised at the turn of events, many who skim a living off of thin air money and speculation are now faced with trying to portray a sensation that the SS World Economy is merely taking a breather and is about to throttle back up… my advice is don’t be taken in by the pump and dump scavengers–they may command the media headlines (a market control mechanism) but the bite of reality will not be avoided.

So now the race to the bottom has three “official” contenders and the free fall of them all is confirmed.

It is now time to consider what this newly confessed paradigm means to the rest of us… of startling note to the attuned and attentive is the latest state of the Baltic Dry Goods index–a measure of world shipping activity. As of yesterday that measure is even lower than in the so called bottom of 2008. If this indicates anything it does not bode well for the insane NWO model.

With world wide shipping almost at a standstill we can assume shortages and higher costs are in the offing and eventually companion civil unrest.

Previous observations… In review.

World Shipping Sinks – Global Economy is Diving – Beyond
Prophecy

Feb 11, 2012

The Baltic Dry Goods index can be used to measure the
vibrancy of global trade shipments. The index tracks the rate of shipping goods
around the world. As shipments dry up, the cost of shipping goes down as vessels
are …

Economy 2010 – Steak or Rabbit Stew? – Beyond
Prophecy

Jul 25, 2010

There seems to be no focus point for assessment, merely a
smattering of uncoordinated exercises which seem to have a primary objective of
having us understand that the global economy could have been really, really bad,
…

Meltdown Result! – Socio-Economic Protests and … –
Beyond Prophecy

May 15, 2012

Unlike the planned demolition of a brick and mortar
building, the demolition of the global economy came as a huge “surprise” to
folks “expert” in the field of economics. It seems only common folks with a
passing knowledge of …

Visit NBCNews.com for breaking news, world news, and news about the economy

Stay tuned…

Extreme Earth Changes – Situational Awareness

2012-08-24 08:50:15

Source: http://beyondprophecy.blogspot.com/2012/08/china-now-in-race-to-bottom-officialy.html

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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

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