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China Now in Race to the Bottom – Officialy Confirmed!
It has taken almost four years for the behemoth we know as the Global World Economy to slowly cease headway and stop.
This is not unlike the old adage about how long it takes the largest of the cruise liners to stop or change course once the engines are disengaged. The sheer weight and momentum carries them for miles before they finally turn or sit dead in the water.
They are scaled wrong for any form of sustainability, a common ailment around the globe.
Economic slowdown: China confronts mounting piles of unsold goods
After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.
The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.
The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.
It is now time to consider what this newly confessed paradigm means to the rest of us… of startling note to the attuned and attentive is the latest state of the Baltic Dry Goods index–a measure of world shipping activity. As of yesterday that measure is even lower than in the so called bottom of 2008. If this indicates anything it does not bode well for the insane NWO model.
With world wide shipping almost at a standstill we can assume shortages and higher costs are in the offing and eventually companion civil unrest.
Previous observations… In review.
World Shipping Sinks – Global Economy is Diving – Beyond
Prophecy
vibrancy of global trade shipments. The index tracks the rate of shipping goods
around the world. As shipments dry up, the cost of shipping goes down as vessels
are …
smattering of uncoordinated exercises which seem to have a primary objective of
having us understand that the global economy could have been really, really bad,
…
building, the demolition of the global economy came as a huge “surprise” to
folks “expert” in the field of economics. It seems only common folks with a
passing knowledge of …
Stay tuned…
2012-08-24 08:50:15
Source: http://beyondprophecy.blogspot.com/2012/08/china-now-in-race-to-bottom-officialy.html
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