Economic Collapse Update 081012 Shipping Industry Collapse warns of Global Economic Collapse!
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Economists / Politicians / Media personalities keep on quoting GROWTH numbers; for example, they tell us that China will experience 7-8% growth this year. In a 15 Trillion dollar Economy that would equate to almost $100 billion dollars of Economic growth in just one year! However the numbers that matter, such as their power and energy consumption data, and more importantly the shipping data reveal a completely different story! If every nation that matters has been slowing down for the past 5 years, where has this growth been coming from? It is far more logical to conclude that the Global Economy is Receding, is in a RECESSION, it is not growing. The facts on the ground are loudly screaming that the Global Economy is Collapsing not growing! Given the Economic disaster that is Europe, the biggest consumer of Chinese goods, and the disaster that is Japan, with it's manufacturing in the toilet, and the disaster that is the US where the retail sector is nowhere near 2007 levels, how can there have been growth in any Economy? Though the numbers that defy logic may claim there is growth, the numbers that matter such as the Baltic Dry Index which is a measure of the shipping industry reveal that things are getting worse, much worse, not better. The BDI has slid 55% this year alone, and that shows clearly that international trade is grinding to a halt. Shiploads of Chinese goods are no longer making their way to European shores, or to American ones. And the ships that do make it to these ports, are returning home empty not laden with European or American goods for the Chinese markets. This is why even the oldest shipping firm in the world was forced to close it's doors after nearly 300 years in business! And many more firms are bound to follow suit!
Comments
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BLAHBLAHBLAH
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It would be interesting to see a "bankers war" develop over the remaining scraps between Wall street and the city of London. We might then get to learn a bit more of the truth. Seems pretty clear to me that we are in a world of trouble when the bankers start publicly fighting. I think you are right when you say "it can come crashing down overnight". I think we are headed for a fast deflationary collapse when it does happen.
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The DREAMS at the website (formypeople org) are 100% accurate as to what is happening. I knew about the heat waves that came last year and this year because of those dreams and other predictions at that website. Trust me, read them and be amazed as they come true rite before your eyes. They talk about the jesuits the coming guillotine deaths.
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Never forget our Blessed Hope! To see the Savior return in His Glory and take us to be where He is! Then the Judgment! God's wrath will not be poured out on His church, only on the ungodly. There will be blood up to the horses' bridles!
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How do you know they will not drag this thing on for years to come, all they have to do is write off the debt here and there
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shared
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Thanks Paul for the video. The collapse is near my friend I hope you've purchased some silver at these bargain prices.
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Collapsing real economy with a huge increase in fiat currency....inflation is going to hit and hit hard
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Lying Bastards
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Well-researched video. Thank you.
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