‘Real News From The Blaze’: Is an Economic Collapse in China Ahead?
- Posted on August 24, 2012 at 8:05pm by
Christopher Santarelli
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Most economists are concerned about how a potential economic collapse in Europe would ripple across the Atlantic, but are they equally concerned with what some believe to be a much larger looming disaster coming from China? A post on Business Insider Friday from Also Sprach Analyst argues that evidence suggests that the Chinese economy has been slowing down worse than the market expected, or official data has suggested.
We have already made this point before, with anecdotal evidence and indirect gauges of the Chinese economy pointing to more severe slowdown than the official data suggest. And even though one may insist that the Chinese economy has not hard landed because official data suggest that GDP growth remains above 7%, the economy has indeed hard landed as far as large number of Chinese companies and the people they employ are concerned. Yesterday’s miserable PMI data, which is “just awful” according to Wei Yao of Société Générale, add to the gloom.
With steel exports down and other financial indicators moving in the wrong direction, how tightly wound is our economy with China’s and would a hard landing there spell certain economic disaster? Conversely, if China’s money is escaping west, could it be a good thing for the U.S.?
Gordon Chang joined “Real News” Friday to discuss the scary indicators coming from China, and how tightly linked our economies are back and forth across the Pacific.
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dchiro
Posted on August 25, 2012 at 5:20pmHi sgtstubbs great point wrong facts on Germany being the only one that repaid her WW11 debt. Check it out the only country to repay their WW11 debt was Finland!!
Report Post »Quixotic-911
Posted on August 25, 2012 at 1:57pmI can‘t think of any place I’d rather be, than here, when the $h*t hits the fan. I don’t think anyone but Muslims will attack us because the rest of the world desperately needs for us to succeed, but the muslims don’t care and will destroy themselves just to get at us or Israel. The best thing we can do is to become as independent as possible before the chaos begins so that we can sit it out as long as possible. Of course that will require getting rid of Barack.
Report Post »piper60
Posted on August 26, 2012 at 6:07amBois on hisway to Chicagoand the unemployment line.
Report Post »watashbuddyfriend
Posted on August 25, 2012 at 12:57pmAs I understand it, large debts have been settled over wars! Does anyone recall the countries, time, etc?
Report Post »sgtstubbs
Posted on August 25, 2012 at 3:45pmIf you check the only country that paid back war debt was Germany, the rest of them “stiffed” us. Japan paid back by playing “nice”. During WWII Germany ask Mexico if they would take over the Western States. Mexico stated that they could take them but could not hold them….Hence the second amendment was the problem…In the west they call invasion “target practice”.
Report Post »wbalzley
Posted on August 25, 2012 at 5:16amFolks, we are headed into WW III…civil war in Syria…New alliances in the Middle East…Iran going nuclear…drug cartels out of control…trouble in the South China Sea…A STORM IS COMING.
The world is primed for war…all the incentives are in place. Political leaders benefit by turning the anger of the people toward a foreign enemy. Businesses profit from feeding the war machine. And Banks make money on the war debt. North America is about to be at war with Eastasia (See George Orwell’s 1984).
But let no man deceive you…this is not the END…it is NOT Armageddon…but it will open the way for those events to come to pass.
Report Post »fidel1234
Posted on August 25, 2012 at 8:02amGood post and fully agree
Report Post »Quixotic-911
Posted on August 25, 2012 at 1:41pmI agree that WW3 is coming but I don’t believe we will fight China directly. First our navy will crush theirs, preventing them from putting enough boots on the ground and the 2nd amendment will make it impossible to hold the mainland. Furthermore they are economically dependent on us and attacking would crush their economy even more which would stall their war machine. Lastly they don’t have the oil reserves necessary to power their military long enough to win. I do see a strong possibility of Islam uniting under a renewed caliphate and declaring jihad against the world. Arabia won’t concern itself with the practical problems that would prevent China from attacking us. As soon as the caliphate either cuts off the flow of oil or uses it extort the rest of the world you will see China attack them to take it. China’s demand for oil is insatiable and soon , even if the Muslims don’t cut off the supply, it either won‘t be able to get enough or the price will be driven so high that they won’t be able to afford it. Either senerio will cause economic and civil unrest necessitate an attack on Arabia in order to steel it, which would also fuel their war machine. Simply put I believe WW3 will be the whole world versus Islam. America is the only county in the world that,if we allow our selves to be energy independent, can sit it out until the end when, like WW1 and WW2,we can come in and save the day after everyone else has worn themselves out.I pray we can keep the nuking to a m
Report Post »earthbonz
Posted on August 25, 2012 at 2:07pmWell said, Ballsy!
Report Post »KangarooJack
Posted on August 24, 2012 at 11:32pmHope this posts as I’ve tried to post 3 prior times and my computer has froze…must be a touchy subject….
Report Post »woodyee
Posted on August 24, 2012 at 11:12pmIf I were China, and I was hard pressed to pay some bills, I’d go to the guy that owed me money and demand payment…
How much has Gaybama borrowed from China, anyway?
Report Post »wbalzley
Posted on August 25, 2012 at 4:59amExcept the guy you lent to has the most powerful military in the world at his back…good luck getting your money back…
Report Post »MatrixRedPill
Posted on August 25, 2012 at 11:40amRoughly 1 trillion.
Report Post »Mary Just
Posted on August 24, 2012 at 10:37pmI had to laugh when the one reporter stated that China manipulates its Currency and the US Federal Government doesn’t.
Report Post »wbalzley
Posted on August 25, 2012 at 4:59amLOL…Currency Manipulation…HYPOCRISY…
Report Post »fidel1234
Posted on August 25, 2012 at 8:03amYou ain’t lying about that,I wonder if they kept a straight face when saying that.
Report Post »mtsnj
Posted on August 24, 2012 at 10:18pmbad economy across the board, hey but they are making Billions on interest..the new/old cottage industry..All dependent upon a stupid American Congress with an insatiable appetite to spend millions on useless self serving programs and then lie about it.
Report Post »fidel1234
Posted on August 25, 2012 at 8:04amYou mean a stupid American people for putting up with it.
Report Post »Mutiny
Posted on August 24, 2012 at 9:41pmWe are all tied together. We have a global economic system about to collapse. This plays right into the globalists plan of a one world government and currency.
Report Post »Max jones
Posted on August 24, 2012 at 10:02pmBlavatsky spawned luciferians
Report Post »illuminating ancient kennite plots
and the builders travel about the rim
and dip a toe into the ocean
Tiny ripples look like a tsunami
amplified in satan’s circuits
Snowleopard {gallery of cat folks}
Posted on August 24, 2012 at 9:40pmTo the Blazers here on the site:
If you can manage to find his postings, get in touch with NZKiwi, he had insight to China and the area that few can match. He can confirm even better what is happening in the area.
Report Post »KangarooJack
Posted on August 24, 2012 at 11:28pmOK-but for me and mine…won’t matter a whit.
We have voted these ******** in year after year. {Not Me so much, just happens}
Truth is Snow – in a strange way, I’m looking forward to the DISTINCTION of powers.
During the “Mister Obama” years- OUR Nation has NEVER been so divided since 1859. Young vs. Old. Working vs. not working. Union vs. non Union, EPA vs. Oh, My God, WHY did we dis Canada on the pipeline, Don’t forget Black vs. anybody Not Black. Gay vs. anybody not on the Rainbow bandwagon.
At this point, my computer has apparently frozen…chuckles to s
Report Post »Max jones
Posted on August 25, 2012 at 1:36amHey Jack….I like your outlook. I feel the same way. politics can’t save us…they can’t even help a small bit, actually. This is a moral battle…between supernaturals. WE are just here, now, to choose a side. To render allegiance to our creator or our accuser. To the truth or a pernicious lie. To freedom or slavery. Whatever paradigm we each end up embracing, it will NOT change what is going on one iota. It will determine individual outcome, though. As for myself, I have an enduring love of God and his will….LET IT BE DONE. In Jesus’ Holy name, Amen.
Report Post »rafraf55
Posted on August 24, 2012 at 9:21pmIf the Chinese economy is tanking or ready to tank, why have they been buying up gold like gangbusters the past several months? Read several articles, from different sources, that they have brought in one helluva lot of gold recently.Are they protecting themselves for an anticipated dollar collapse?Anyone have any info?
Report Post »Snowleopard {gallery of cat folks}
Posted on August 24, 2012 at 9:44pmJust as they have been selling their US Treasury notes and US dollars; the investment in the gold is as a last ditch line of defense to keep their own currency from tanking.
Chinas economy was based on a 10% plus yearly growth cycle onto infinity to keep the people happy and ensure their own success. Years of it cooling rapidly, now some 7% instead of what they plan for, is causing economic and social upheval from within; this is on top of a drought that lasted for some years, and now severe storms and flooding.
The best way to monitor what is happening is to check out the online news sites in India via Drudge Report links at the bottom of their site. The various U.K. sites as well, and the Sydne Morning Herald, under their ‘world’ collums will help round out the information.
Just remember, with China you have to dig down under the surface mask to see what is really going on. Often seeing things from four or more angles are needed to unearth the entire story.
Report Post »Max jones
Posted on August 24, 2012 at 10:09pmThey are buying gold to protect themselves from the people who robbed us!! Yes, we are victims of the biggest heist in history….I wrote a tiny ‘rap’ lyric……..
Report Post »Everybody wonders where the money went
lets go ask the president
can he admit its all been spent
to help usher in world government?
christhefanatic
Posted on August 24, 2012 at 11:05pmThe Chinese are buying gold, the Russians are buying gold, India is buying gold, George Soros is buying gold,…People in the Obama administration advise everyone not to buy gold….What’s with that?
Report Post »psadie
Posted on August 24, 2012 at 9:14pmChina has over built in everything in their country just to satisfy the populace by keeping them working. NOW, they will lose control of the population who is becoming very restless. They are feeling the bad effects of the global downturn. China will see violence and unrest and how will they contain a population of 1.2 billion? I see BIG TROUBLE ahead for China while the USA pulls out of its recession starting next year. We are a self sustaining nation; GOD gave us much for a reason.
Report Post »listeninginVT
Posted on August 24, 2012 at 9:27pmThe problem w/ your conclusion is leaving out the fact that we ARE now dependent on Chinese imports on just about EVERY thing we buy. And we are tangled in a web w/ every single nation in the world. If 1 goes we all go, it is more a matter of degrees and being self sustaining. And really none of us are to have this not affect us.
Report Post »MatrixRedPill
Posted on August 25, 2012 at 11:45amThen, it is time to get fired-up, set-up our own factories, and get people working !!
Report Post »watersRpeople
Posted on August 24, 2012 at 8:35pmEven if a world-wide financial collapse doesn‘t happen on it’s own – the Lord will make it happen. Come on people – the Bible says they’ll bury gold in the mountains returning to it worthless.
Report Post »poorrichard09
Posted on August 24, 2012 at 8:41pmBro’, I know about the end times-and IMHO we are there. But where does the Bible say what you said-chapter and verse(s) please.
Report Post »listeninginVT
Posted on August 24, 2012 at 9:24pmin Revelation actually. Rev 6:9-17′ in reference to the opening of the 5th and 6th seals.
Report Post »Max jones
Posted on August 24, 2012 at 10:23pmI am certain we are witnessing the promise the Lord gave to the generation of the fig tree: (that generation is US…all the baby boomers). This prophecy, given to us by Jesus, the Christ, himself, tells us we will see the the culmination and complete fulfillment of prophecy before we are all dead and gone from this earth. This generation started in 1948, the year Israel became a modern nation.
Report Post »Max jones
Posted on August 24, 2012 at 10:29pmlink to web site http://theseason.yolasite.com/
worth it!
Report Post »JACKTHETOAD
Posted on August 24, 2012 at 8:28pmOur good long-time friends and allies, the Japanese, have been quietly buying off our debt from the Chinese. Maybe it’s starting to show. GO JAPAN!
Report Post »Snowleopard {gallery of cat folks}
Posted on August 24, 2012 at 8:27pmChina is swiftly coming to the tipping point and may implode at any time; when it comes, it will be with such savage suddeness, even the impending collapse of the EU will look take. Understand well, the leaders of the CCP will be more than willing to engage in full scale war to try and hold their nation in one community; to distract the masses with success on the battlefield, and to hold onto their own power.
Their main opponent they will blame for their problems will be America. And with Obama at the helm in such a war, we will lose.
Report Post »Max jones
Posted on August 24, 2012 at 10:52pmI have a question. In the recent past is there any evidence that evil is not taking this country over? Do you get a feeling that a tipping point has been reached, and the LIE has got us overbalanced? We are pawns in a war between good and evil…one in which our own scripture tells us we LOSE, though it is a Pyrrhic victory. We win, not in a political, economic or military fashion, but in pure spirit. Some will survive to witness this, but most of us will die. At the seventh trump all matter is changed, and in spirit bodies, we gather together with Christ, in the breath of life.
Report Post »watersRpeople
Posted on August 24, 2012 at 8:26pmBy the Grace of God….Yes.
Report Post »chips1
Posted on August 24, 2012 at 8:24pmObama ripped off China also. We have another ally.
Report Post »KangarooJack
Posted on August 24, 2012 at 8:24pmThe Piper must be paid…hope Americans REALIZE this.
Report Post »wbalzley
Posted on August 25, 2012 at 4:56amThat’s just it “Jack”…no, the piper does NOT have to be paid…not when you have Predator Drones ready to take him out at a moment’s notice…
Report Post »KidCharlemagne
Posted on August 24, 2012 at 8:23pmChina looks a whole lot better than we do at this point.
Report Post »Rayblue
Posted on August 24, 2012 at 8:35pmIn a pigs eye…
Report Post »FREEDOMoverFEAR
Posted on August 24, 2012 at 8:20pmWorld depressions lead to world wars. Any one feel that “Draft.”
Report Post »Max jones
Posted on August 24, 2012 at 11:23pmGog-Magog……no holds barred
Report Post »woodyee
Posted on August 24, 2012 at 8:12pmReal news from the Bible –
[ Take the log out of your own eye before helping your brother take the log out of his ].
Report Post »soybomb315_II
Posted on August 24, 2012 at 8:24pmlol i was going to say the same thing
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