The Coming Chinese Collapse
Jul 14, 2012 12:39:06 GMT -5
Post by Michael Downing on Jul 14, 2012 12:39:06 GMT -5
There have been many rumors about China's economy being on the edge of a collapse bigger than what we saw in 2008. If that happens there will be a ripple effect that will quickly become a tsunami that will take under every major economy in the world. There are major portions of cities and factories sitting empty all over the country. I saw a news story on Television where an entire area of apartment building, shops and factories were empty and the streets void of vehicles. Yet they kept on building and now the numbers of unemployed have been estimated at close to 25%.
We no longer make things here in this country not because of greedy wall street moguls, evil bankers or greedy corporations. We no longer manufacture things because of the American people's thirst and addiction to cheap goods. The same people who want to villanize Wal-Mart go there because of their desire for cheap goods. Wal-Mart does not buy from china and other countries just because they can make more money, they buy from there because we the people demand cheap goods.
To protect their economy China will act in self preservation and that will effect all major world economies. China has already ahd secret meetings to move away from the US dollar as the world currency. That will devalue the dollar much worse than the drop we are already seeing with the Euro. China has been making alliances with Russia, Brazil, India and some say Australia, Japan and Iran as well.
Not wanting to add to the doom and gloom. But I am curious why none of the Main Stream Press or Major News Outlets have even tried to cover this potentially most dangerous threat to our very existence. We could potentially be quickly reduced to a third world country. Could it possibly be that those in power want just that? Now that would prove that there is no such thing as American exceptionalism and we would once and for all be just another country and one that would very probably reach out to become one with the new world order.
Do your own research on the web and then tell me what I am missing...
economywatch.msnbc.msn.com/_news/2012/07/13/12725060-as-chinas-growth-slows-the-world-worries?lite
www.planetizen.com/node/48990
articles.businessinsider.com/2012-04-30/news/31495353_1_international-trade-dollar-iranian-sanctions
www.policymic.com/articles/9108/are-brics-countries-moving-away-from-the-u-s-dollar
economyincrisis.org/content/the-beginning-of-the-end-for-the-u-s-dollar-as-the-world-reserve-currency
www.theaustralian.com.au/news/world/asian-giants-strike-currency-deals-in-move-away-from-us-dollar/story-e6frg6so-1226233593519
We no longer make things here in this country not because of greedy wall street moguls, evil bankers or greedy corporations. We no longer manufacture things because of the American people's thirst and addiction to cheap goods. The same people who want to villanize Wal-Mart go there because of their desire for cheap goods. Wal-Mart does not buy from china and other countries just because they can make more money, they buy from there because we the people demand cheap goods.
To protect their economy China will act in self preservation and that will effect all major world economies. China has already ahd secret meetings to move away from the US dollar as the world currency. That will devalue the dollar much worse than the drop we are already seeing with the Euro. China has been making alliances with Russia, Brazil, India and some say Australia, Japan and Iran as well.
Not wanting to add to the doom and gloom. But I am curious why none of the Main Stream Press or Major News Outlets have even tried to cover this potentially most dangerous threat to our very existence. We could potentially be quickly reduced to a third world country. Could it possibly be that those in power want just that? Now that would prove that there is no such thing as American exceptionalism and we would once and for all be just another country and one that would very probably reach out to become one with the new world order.
Do your own research on the web and then tell me what I am missing...
economywatch.msnbc.msn.com/_news/2012/07/13/12725060-as-chinas-growth-slows-the-world-worries?lite
www.planetizen.com/node/48990
articles.businessinsider.com/2012-04-30/news/31495353_1_international-trade-dollar-iranian-sanctions
www.policymic.com/articles/9108/are-brics-countries-moving-away-from-the-u-s-dollar
economyincrisis.org/content/the-beginning-of-the-end-for-the-u-s-dollar-as-the-world-reserve-currency
www.theaustralian.com.au/news/world/asian-giants-strike-currency-deals-in-move-away-from-us-dollar/story-e6frg6so-1226233593519