21 New Numbers That Show That The Global Economy Is Absolutely Imploding

[tyz]

Found the blog TheEcconomicCollapseBlog.com today with an interesting post titled '21 New Numbers That Show That The Global Economy Is Absolutely Imploding'.

It lists 21 facts which show how worse the world economy is doing. I searched for a couple of listed facts and they're proved right.

6 out of 21 facts:

• Chinese exports fell by 11.2 percent year over year in January
• In India, exports were down 13.6 percent on a year over year basis in January
• U.S. factory orders have fallen for 14 months in a row
• This month the Baltic Dry Index fell below 300 for the first time ever
• It is now cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari
• The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas

You could find the entire blog post here

[valta4065]

Well this economy is complete bulshit. You can't have an economy based on infinite growth that's a nonsense from the very beginning!

[7788bitcoin]

Found the blog TheEcconomicCollapseBlog.com today with an interesting post titled '21 New Numbers That Show That The Global Economy Is Absolutely Imploding'.

It lists 21 facts which show how worse the world economy is doing. I searched for a couple of listed facts and they're proved right.

6 out of 21 facts:

• Chinese exports fell by 11.2 percent year over year in January
• In India, exports were down 13.6 percent on a year over year basis in January
• U.S. factory orders have fallen for 14 months in a row
• This month the Baltic Dry Index fell below 300 for the first time ever
• It is now cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari
• The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas

You could find the entire blog post here

These are not actually new... I can't remember since when, but many year ago people already talking about the implosion. However, no one will know when it will happend, and at what rate it is happening.

[tyz]

Most of the facts go back a couple of months. How will they already arised some years ago? Maybe during the financial crises in 2008 and 2009, but afterwards most of this indicators on the post were doing very well.

[NorrisK]

Well this economy is complete bulshit. You can't have an economy based on infinite growth that's a nonsense from the very beginning!

Why wouldn't that be possible? That is what inflation is for. Also the amount of people on the earth keep rising, therefore the economy can keep growing in theory.

The assumption that an ever growing economic growth is not possible is probably false.

[romero121]

To make people not get panic about the market situation, various false statements were released. The good part is bitcoin is getting increased which gives happiness to its users.

[Kakmakr]

The Chinese have a massive influence in the global markets and they are the mayor reason for the latest mini collapse in the markets. The third world countries providing the raw materials for their growth were hit the hardest, because China is the biggest importer of these commodities.

The oil price will also have a huge role to play as most of these countries economies are built around their oil reserves.

[arbitrage]

The Chinese have a massive influence in the global markets and they are the mayor reason for the latest mini collapse in the markets. The third world countries providing the raw materials for their growth were hit the hardest, because China is the biggest importer of these commodities.

The oil price will also have a huge role to play as most of these countries economies are built around their oil reserves.

From my standpoint i think only countries rich by natural resource have some future,
Others can try their luck like US through war and force,,

[valta4065]

Well this economy is complete bulshit. You can't have an economy based on infinite growth that's a nonsense from the very beginning!

Why wouldn't that be possible? That is what inflation is for. Also the amount of people on the earth keep rising, therefore the economy can keep growing in theory.

The assumption that an ever growing economic growth is not possible is probably false.

Probably?
Well no, maybe the population is growing, but not the Earth. The ressources are not growing infinitely! And the main principle of infinite growth would need the population to grow of 3 or 5 % every year? And the resources used too? Do you see how it's impossible now?

[valta4065]

The Chinese have a massive influence in the global markets and they are the mayor reason for the latest mini collapse in the markets. The third world countries providing the raw materials for their growth were hit the hardest, because China is the biggest importer of these commodities.

The oil price will also have a huge role to play as most of these countries economies are built around their oil reserves.

That's going to be cool... Another crash! Yeah! xD

And when China will be good again it'll be Europe turn!

[Newmba]

the way China will react to their crisis will change the World forever, appreciating the Yuan means a lot of traditionally trusted currencies will hyperinflate

[arbitrage]

China will be economic leader in the future!
With this population rise and decline of western civilization it just matter of time
when they are going to be predominant.
Because they are not lazy and the have discipline!

[valta4065]

China will be economic leader in the future!
With this population rise and decline of western civilization it just matter of time
when they are going to be predominant.
Because they are not lazy and the have discipline!

So they lack innovation, originality, motivation.
They don't have a population rise, they have a huge population decline. Only 1.2 children per women.

[tyz]

Disagree! How do countries with a lot of natural resources like Russia, Brazil or South Africa benefit when they do not have the knowledge to create high-tech products out of the resources they have? Only highly specialized industries like they exist in Israel or Germany for example, will have a bright future.

The Chinese have a massive influence in the global markets and they are the mayor reason for the latest mini collapse in the markets. The third world countries providing the raw materials for their growth were hit the hardest, because China is the biggest importer of these commodities.

The oil price will also have a huge role to play as most of these countries economies are built around their oil reserves.

From my standpoint i think only countries rich by natural resource have some future,
Others can try their luck like US through war and force,,

[valta4065]

Disagree! How do countries with a lot of natural resources like Russia, Brazil or South Africa benefit when they do not have the knowledge to create high-tech products out of the resources they have? Only highly specialized industries like they exist in Israel or Germany for example, will have a bright future.

The Chinese have a massive influence in the global markets and they are the mayor reason for the latest mini collapse in the markets. The third world countries providing the raw materials for their growth were hit the hardest, because China is the biggest importer of these commodities.

The oil price will also have a huge role to play as most of these countries economies are built around their oil reserves.

From my standpoint i think only countries rich by natural resource have some future,
Others can try their luck like US through war and force,,

Some natural ressources are called "crused ressources" because even while being useful and expansive, they make other countries attack you...

[aardvark15]

Those are some compelling stats.  There is definitely a problem with debt in America.

[mrflibblehat]

China can't export constantly time and time again.
And that's also the same for other countries.
Where would you export so much all the time? Who would buy so much every month?
It doesn't mean the economy is failing.
It's just the normal flow of things.

[CoinHopper]

The current economy is based on nothing but lies, so it's not surprising at all that this is happening

[BellaBitBit]

These are grim numbers but everyone was saying that 2008 was going to be an implosion and look 8 years later - high home prices, high rents, people paying cash for homes, blah blah.  It seems to have re-propped itself up.

[Yakamoto]

These are grim numbers but everyone was saying that 2008 was going to be an implosion and look 8 years later - high home prices, high rents, people paying cash for homes, blah blah.  It seems to have re-propped itself up.

It can re-prop itself up as much as it wants, but the fact of the matter is there is no way that we can go for multiple decades without there being some major implosion of the economy like the one we saw in 2008 and what we may see soon.

Like what was said before in this topic; an economy built on infinite growth cannot be sustained.

High home prices, high rents, cash for homes (which I have to see an example of) are all because of bubbles in the market and/or quantitative easing which devalues the crap out of a currency.

Having a house worth $600k when it was worth $200k five years ago means nothing if there is 300% more money in the economy.