Economic Collapse Update 082812 - Global Economy has already collapsed Part.1
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Hello and Welcome: This is Paul Sandhu on Tue. Aug. 28 coming to you with an Economic Collapse News update. Many folks who are more informed than the average person have been expecting an Economic collapse for some time now, especially since 2008. However, I recently had an awakening that the Collapse has already happened, what awaits the world are the consequences of this collapse. A recent story on the collapse of manufacturing in China, and to a lesser extent in Japan, Europe and the US made me realize that there has been no recovery in the past 4 years despite the largest dose of monetary stimulus applied globally in the history of the world. The problem can be summed up in one word: GROWTH. The fact is that the Global Economy cannot grow perpetually, at some point it has to reach its limits. It would appear that this limit was reached back in 2007-2008 and since then the Global Economy has been in recession. Recession is like an ocean tide; high tide does not last perpetually, sooner or later the tide recedes and there is a Recession. Just like it is impossible to maintain a high tide forever, it is impossible to keep the Global Economy growing forever. Rather than recognize the fact that the world's manufacturing capacity had reached its limits back in 2007, the powers that be, which are essentially bankers and politicians, stuck their heads in the sand and took measures to maintain the illusion of growth knowing full well that no further growth was possible, at least for a number of years. Ayn Rand once said that you can deny reality but you cannot deny the consequences of denying reality; so although the bankers and their politician employees have denied reality for the past 4 years, the fact remains that the consequences of denying this reality would overtake them sooner or later. It appears that we have now reached the point in time where the consequences of their disastrous policies are becoming impossible to hide. To illustrate this point let me point you in the direction of a Forbes article on the collapse of manufacturing in China and China's future Economic prospects. While China is an extreme example, the same consequences are waiting in the wings for the rest of the world, the US in particular. Manufacturing needs to contract dramatically, which means that the Global Economy needs to shrink year after year until equilibrium between manufacturing and consumption is once again restored. If manufacturing is artificially maintained at high levels, as in China, where not just goods for which there is no market are being manufactured non-stop, but whole cities have been built for which there are no inhabitants. This did happen to the US to a lesser extent where millions of houses and condos were built during the boom years of 2002-2007 for which there were no buyers; this is also happening in Canada where residential units are being added at a much faster pace than they can possibly be sold, and this is being done to maintain a business model which requires much greater consumption than the Economy needs. The problem is over manufacturing everywhere but it seems that the end is now in sight. This game had to come to an end sooner or later and it would appear that the end has arrived, at least for China, Japan and Europe, with the US next in line! Let me read through this Forbes report which reveals the true state of the Chinese Economy. For years I have maintained that the China-India miracle Economic growth stories were hoaxes and it seems that the MSM is finally catching on. What awaits both these nations is social unrest of the kind not seen not seen since before WWII. And just as the Depression and Economic Collapse of the 30's led to World War in the 40's, so too must the Depression that began in the first decade of the 2000's lead to World War 3 in the second decade of this century!
Comments
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Financial issues are the least of the USA's problems. The Globalists will inform us mid-Sept. 2015 that there is a meteor/asteroid approaching USA & they must use Nuclear Weapons to minimize damage. Yet the asteroid/meteor story is a complete lie! Nuclear weapons will trigger a massive tsunami on the East and West Coast, which will be 100% man made. The event is a False Flag to usher in Marshal Law. Financial topics are irrelevant if we allow them to Nuke the USA.
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My best chance in voting is non-compliance of a system that is no longer operating in the building &upkeep of the american people but of a nation suited 4consumers that are then put on the highway 2hell by the rule of monies & monies gained. Politics plays with monies & its destinations unknown unanswered2. showing us further that politicians are the enemy of the people. A revolution of informed "trojans" is evolution taking place despite media's "cia" psychological war so we know not 2discern~
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Evolution of technology and free reusable energy would bring growth and worldwide peace and prosperity but the elite don't want this because it means they would lose their control and hegemony over mankind.
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Found your channel via NHPreppah. Enjoyed this video and subcribed. You are an interesting gentleman and thank you....
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You are full of a LOT OF CONTRADICTIONS. But hey it's your right to believe in Santy Claus and the Flying Spagetti Monster and Unicorns, Fairies and nomes if that floats your boat.
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ONLY two options: sovereign debt default or hyperinflation...both options will collapse the dollar. It WILL be forced upon us...and sooner rather than later...
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1st Public Sectors unionmembers workers "STOP" wasteful spending BK this country!
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Well being an agnostic I do not claim to know the nature of God. I admitt I don't have a clue. Your explantion makes some sense-the precise set of numbers that enable a Universe such as ours. My guess it is just a roll of the die that we have this Universe. That being said I guess it's better to believe in something rather then an empty nothingmess. however me thinks that is what awaits us all.
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I'm not trying to be an asshole but you made a contradiction. You said everything is written ie like a movie it's done done but then you say there is free will. Well that is a contradicition. Either the future has not been decided and yet to be written or it has been decided and you are nothing more then a actor in a play reading the prewritten script.
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Hello Paul. I agree, most people don't realize the scope of what happened in 2008. The collapse of 2008 was concealed under the bailout money and the final end game is the derivative implosion.
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"This system is murdering the mass's who support it." That is the truth!
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Yes....Bankers & Politicians, and dont forget The Industrial Military Complex
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Would love for you to do a vid on WHEN MONEY DIES by Adam Fergusson. What awaits the US and most of the world is not going to be pleasant...but then the PTB already know this fact quite well.
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I totaly agree with you. I guess what I was trying to say is that I believe in Class Struggle while at the same time being diseased by the products that this Corporate Olighigarchs addict us with ie iPhones, Lexus ect. Unlike most of the mass who as you say believe in the Capitalist delusion, I don't. I know This system is murdering the mass's who support it.
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Wow we are already in collapse.
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Astute analysis...
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Good video.
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Lol, when did capitalism ever exist? It did not... not in America. There is nothing we hate more than free markets and it has been that way for years and years. Capitalism is a buzz word for the masses.
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You just quoted an athiest, psychopath aka ayn rand. I am sure you could have found a quote be a sane person.
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Ha ha, we are so screwed. Sandhu you put together some great analysis but I don't think your Religous beliefs are going to be of much use in this Paradigm. Like Jesus hanging on the cross asking why Father have you forsaken me? many people will uttering the same words.
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