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Posts tagged ‘China’

In The Latest IMF Comedy Of Errors These Charts Are Most Disturbing

As noted earlier, one of the more irrelevant events that took place overnight was that the IMF once again cut its outlook for global growth. Irrelevant, because this is precisely what anyone who has seen the IMF in action in the past has come to expect (see “IMF Comedy Hour: The Complete History Of The IMF’s Growth “Forecasts” Since 2012“, “The IMF’s Comedy Of Quarterly Errors Reveals The Biggest Hockeystick You Have Ever Seen“, “Comedy Of Forecast Errors: Here Are The IMF’s Latest Projections Of Economic Growth” and so on). Sure enough, here is what the latest “global growth forecast” looks like: everything else is flat except 2015P which was cut from 3.8% to 3.5%, and 2016 was also cut by 0.3% to 3.7%.

 

On the surface nothing too surprising by the institution whose only job, year after year, is to try and stimulate global confidence, and year after year failing and instead making a joke of its economic forecasting abilities.

What drove the latest round of global cuts lower? It wasn’t the US which was actually revised modestly higher (for the time being; it too will ultimately be revised lower), and Europe which was just barely cut.

Here is the main culprit:

 

But even more disturbing than China’s growth forecast, is what the IMF sees global growth doing, which nobody will be shocked to learn, has once again been drastically slashed lower.

source: http://www.zerohedge.com/news/2015-01-20/latest-imf-comedy-errors-these-charts-are-most-disturbing

Chinese Troops ‘Invade’ 25Km Into India, “This Is Chinese Territory, Go Back”

Update: who says media disinformation only takes place in Ukraine; apparently the same takes placed between India and China. Bloomberg cites an Indian army spokesman S.D. Goswami who denies Chinese entered territory in Ladakh, a mountainous area in northern India. “No incursion or encroachment of Indian territory by China has taken place along the India-China border,” Goswami says in statement. “There are areas along the border where India and China have differing perception” of line of actual control. “Due to both sides undertaking patrolling up to their respective.

Almost as if someone in the media world is eager to launch a war…

* * *

Fifteen months ago we reported China’s stealth invasion of India’s Ladakh region, and now, as PTI reports, Chinese troops are reported to have entered deep into Indian territory in Burtse area in Ladakh where they had pitched their tents last year. Indian troops spotted Chinese personnel 25 to 30 km from the perceived Line of Actual Control (LAC). PLA personnel carried flags reading “this is Chinese territory, go back” in their hands and they refused to move after being confronted by India’s quick response team.

full article here

Vladimir Putin ousts another puppet of the Western Nazi continuum

THE GRAND KREMLIN PALACE, MOSCOW. President Pu...

THE GRAND KREMLIN PALACE, MOSCOW. President Putin with Lyudmila Putin at a party after the inauguration ceremony. (Photo credit: Wikipedia)

by Alcuin Bramerton

In the corridors of Western power, Vladimir Putin is not popular. He has a disconcerting habit of getting things done. Putin, a Russian patriot, started to reshape covert geopolitical power structures when he and his colleagues moved to stamp out the influence of the Rothschild and Rockefeller syndicate maggots at work inside Russia after the collapse of the Soviet Union in 1989-90.

These parasites, mostly oligarchs, mummy-got-me-ready chess players, and P2 Lodge mafia proxies, were agents of the G7 Nazi continuum. Their aim was to secure Russian oil and gas to prop up the US petrodollar Ponzi nexus. They failed and, from 1998 onwards, Vladimir Putin made sure that they failed publicly.

Just as the Soviet Union was deliberately collapsed by the G7 élite syndicates, it had been deliberately constructed to fail by a previous generation of those same puppeteers many decades earlier.

The EuroZone was another bankster toy. Manufactured to launder unbacked fiat paper currency to Asia, it is now being collapsed by the very same banksters who set it up in the first place.

In Western fractional banking, it doesn’t matter whether you build up or whether you smash down; you make big money each way and in the process you generate useful debt to control sovereign treasuries. After each collapse there is a fire sale. If you’re a banker, you don’t just buy the dips; you create the dips. Money is the mechanism which makes people poor.

With China and one hundred and eighty other BRICS alliance nations, Putin’s Russia is teaching the G7 Nazi continuum a rather obvious lesson: fiat paper currencies are not money; gold is money.

What is happening worldwide now is that the BRICS nations are accumulating gold and beginning the process of freeing up the trillions (some say quadrillions) of dollars’ worth of suppressed gold held outside the markets in the Global Collateral Accounts

full article at source: http://jhaines6.wordpress.com/2013/07/14/vladimir-putin-ousts-another-puppet-of-the-western-nazi-continuum-by-alcuin-bramerton/

China could learn from us as it heads for massive debt crisis

By David Mc Williams

It is hay fever season again. I know it is because my eyes are streaming. I look at my son and see that I have passed on the nasty hay-fever gene to him too as he struggles with puffy eyes, itchy throat and constant sneezing and wheezing. For the next while, we’ll be watching the pollen count like hawks, but the hay-fever season will pass. It always does.

The horrible blocked-up feeling we hay-fever sufferers have to endure comes in without warning, stays right through the Leaving Cert and hangs around for most of the summer. At least we can comfort ourselves that it is seasonal.

A few years ago on a visit to China, I suffered the same allergic-type symptoms. But there was no pollen. It was pure industrial pollution. This type of pollution is not seasonal and as the Chinese economy slows down rapidly, one of the permanent legacies of the 30-year boom is mass environmental degradation.

China has had the mother of all booms, which lifted incomes…………………..

full article at source: http://www.davidmcwilliams.ie/2013/05/09/china-could-learn-from-us-as-it-heads-for-massive-debt-crisis?utm_source=Website+Subscribers&utm_campaign=ce40a63af5-22112012&utm_medium=email&utm_term=0_861a00f27d-ce40a63af5-266228133

CRISIS ATHENS: The price of everything, and the value of nothing.

One building ,not as yet for sale in central Athens is that of the left-wing Party  led by Alexis Tsipras, Syriza. But across from that square and two  blocks down, the People’s Republic of China has bought a building that  was once a major department store.

“The Chinese already own half of Piraeus, and they are trying to buy  the rest of it,” said a Greek businessman as we drove together Friday  night to a restaurant in the outer southern suburbs of Athens.

“Over there – not far from the Syriza building – is an old warehouse  bought by the Chinese,” another source told me as we walked about in the warmth of an Athenian early afternoon, “They have four floors in the  building blocked off. Nobody knows what happens in there”.

Today, in April 2013, everything in Greece is for sale. Two days ago a small girl – aged no more than ten I would estimate – came up to me,  playing her violin in a main market  thoroughfare close to the  Acropolis. She wasn’t much of a violinist, but after finishing the  piece, she said something to me…and of course, I didn’t understand. A  man watching nearby, resigned of expression, said “She is saying she  costs very little for your pleasure”.

I gave the kid a small coin and asked the bloke if this was  commonplace. “Not common,” he replied, “but not rare either. These  bastards will reduce us to an animal state”. I wanted to ask him more,  but he waved me away. I don’t blame him; imagine how I’d feel in my own  country, being asked by a passing Swede if all English prepubescent kids now whored on the streets.

In a Telegraph piece posted last night from Rhodes by Harriet Alexander, she notes that a ……..

full article at source: http://hat4uk.wordpress.com/2013/04/21/crisis-athens-the-price-of-everything-and-the-value-of-nothing/

 

Elite View: The Yo-Yo Economy

Euro zone rot spreads to Germany, China mending … The euro zone’s biggest member Germany is being sucked into the bloc’s worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating. The slump that began in Greece and spread to other smaller euro zone economies was clearly gripping the core in October, marking the worst month for the 17-member bloc since it emerged from recession more than three years ago. – Reuters

Dominant Social Theme: Things go up and down.

Free-Market Analysis: There are problems with Germany but the good news regarding China brings us back to emotional parity.

This seems to be the gist, the dominant social theme of this Reuters article. We’re supposed to be depressed about Germany but excited about China.

The idea the Reuters article (above) is advancing is that the world is involved with a number of different economic trends. We are given to believe from such reporting that there is no specific direction, and thus no extensive conclusions to make.

This is surely a kind of power elite meme. Reuters, a mainstream media conglomerate is eager to provide us with a serial comprehension of economics rather than a holistic one. Here’s some more from the article:

Markit’s Composite Purchasing Managers’ Index (PMI), which polls around 5,000 businesses across the 17-nation ………………………….

full article at source: http://www.thedailybell.com/28198/Elite-View-The-Yo-Yo-Economy

China at a crossroads

By David Mc Williams

Have you been following the murder trial in China, where a British businessman was allegedly killed by the wife of a man who was until recently tipped for political greatness? His fall from grace on corruption charges has been made far more vertiginous by the trial of his wife. You can’t say they don’t know how to destroy political opponents in China.

The trial, for those people who watch closely, is all about the power struggle at the heart of the Communist Party to see who is going to be the next Emperor and, possibly more importantly, who is going to be whispering in his ear.

As we wrote here in the column in June, the background noise to this power struggle is a slowing economy. The Communist Party need economic growth because, having dropped all their Maoist rhetoric, all they have is economic growth.

“Equality for all” has been replaced by the slogan of “prosperity for all” and if they don’t deliver they are toast. So the party will do whatever it takes to get economic growth going again. Unlike Mario Draghi, when the Politburo says it will do whatever it can, you can rest assured that it means it.

full article at source: http://www.davidmcwilliams.ie/2012/08/13/china-at-a-crossroads

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