Global Economic Collapse – and the “Bernanke Moment”
Saturday, February 6, 2016 4:31
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Full article:
http://news-uncensored-fresh.blogspot.be/2016/02/global-economic-collapse-and-bernanke.html
The global economy, including and especially the United States, is collapsing. It’s debatable whether or not the western hemisphere countries produced true inflation-adjusted real GDP growth from 2009 to present. Yes, I know the numbers the U.S. Government’s BEA spits out purport to show “seasonally adjusted, annualized” economic growth. But a book could be written detailing the ways in which the Government manipulates and outright fabricates the data. John Williams of Shadowstats.compublishes a newsletter with highly compelling evidence. Anyone who dismisses Williams’ work does so out of complete ignorance.
The Baltic Dry Index is one of the primary tell-tales of economic collapse. It measures thedemand for container cargo shipments of bulk raw materials used for all stages of manufacturing. It’s been twisted into evidence that China is slowing. But it tracks global shipments and the U.S. and Europe are China’s two biggest export markets. If China is not shipping, it’s because there is no demand from it’s two biggest customers. It’s really that simple.
Need another indicator of the collapsing U.S. economy? The mass layoffs that occurred in 2008-2009 are starting to hit the system again. We know the energy sector is shedding jobs quickly. But the retail and financial sector are close on the heels of the energy sector with job cuts – LINK. Service economy is tanking. But there’s always this graph to the left if you think I’m making this up.And all those bartender and waitress jobs that the Government alleges to have been created are to disappear again:
The point here is that the entire global economic system is in a state of collapse. I find it curious that the financial media and analysts in the United States want to blame the problem on the rest of the world, specifically pointing at the distressed debt market in China.
