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Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year

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Exports Declining - Public DomainWe just got more evidence that global trade is absolutely imploding.  Chinese exports dropped 25.4 percent during the month of February compared to a year ago, and Chinese imports fell 13.8 percent compared to a year ago.  For Chinese exports, that was the worst decline that we have seen since 2009, and Chinese imports have now fallen for 16 months in a row on a year over year basis.  The last time we saw numbers like this, we were in the depths of the worst economic downturn since the Great Depression of the 1930s.  China accounts for more global trade than any other nation (including the United States), and so this is a major red flag.  Anyone that is saying that the global economy is in “good shape” is clearly not paying attention.

If someone would have told me a year ago that Chinese exports would be 25 percent lower next February, I would not have believed it.  This is not just a slowdown – this is a historic implosion.  The following comes from Zero Hedge

Things are not getting better in China as Exports crashed 25.4% YoY (the 3rd largest drop in history), almost double the 14.5% expectation and Imports tumbled 13.8%, the 16th month of YoY decline – the longest ever. Altogether this sent the trade surplus down to $32.6bn (missing expectations of $51bn) to 11-month lows.

Chinese Exports - Zero Hedge

So much for that whole “devalue yourself to export growth” idea…

I don’t know how anyone can possibly dismiss the importance of these numbers.  As you can see, this is not just a one month aberration.  Chinese trade numbers have been declining for months, and that decline appears to be accelerating.

Another very interesting piece of news that has come out in recent days regards the massive layoffs that are coming at state industries in China.  According to Reuters, five to six million Chinese workers are going to be losing their jobs during this transition…

China aims to lay off 5-6 million state workers over the next two to three years as part of efforts to curb industrial overcapacity and pollution, two reliable sources said, Beijing’s boldest retrenchment program in almost two decades.

China’s leadership, obsessed with maintaining stability and making sure redundancies do not lead to unrest, will spend nearly 150 billion yuan ($23 billion) to cover layoffs in just the coal and steel sectors in the next 2-3 years.

 

For years, the Chinese economic miracle has been fueling global economic growth, but now things are changing dramatically.

Another factor that we should discuss is the fact that the relationship between the United States and China is going downhill very rapidly.  This is something that I wrote about yesterday.  China has seized control of several very important islands in the South China Sea, and in response the Obama administration has been sailing military vessels past the islands in a threatening manner.  Most recently, Obama decided to have an aircraft carrier task force cruise past the islands, and this provoked a very angry response from the Chinese

The four-ship U.S. strike group that patrolled the disputed South China Sea was followed by Chinese warships, a show of force that prompted a hard-line response from China doubling down on its claim to nearly all of the resource-rich sea.  

China’s foreign minister said his country’s sovereignty claims are supported by history and made a veiled reference to the 5-day patrol by the Stennis Carrier Strike Group, as well as recent passes by China’s man-made islands by destroyers Lassen and Curtis Wilbur in recent months.

“The South China Sea has been subject to colonial invasion and illegal occupation and now some people are trying to stir up waves, while some others are showing off forces,” Wang Yi said, according to an Associated Press report, a day after the Stennis CSG departed the South China Sea.  “However, like the tide that comes and goes, none of these attempts will have any impact. History will prove who is merely the guest and who is the real host.”

Most Americans are not even paying attention to this dispute, but in China there is talk of war.  The Chinese are absolutely not going to back down, and it does not look like Obama is going to either.  Needless to say, a souring of the relationship between the largest economy on the planet and the second largest economy on the planet would not be a good thing for the global economy.

And of course China is far from the only country that is having economic problems.  Yesterday, I discussed how Italy’s banking system is on the verge of completely collapse.  A few days before that I discussed the economic depression that has gripped much of South America.  A new global economic crisis has already begun, and just because the United States is feeling less pain than the rest of the world so far does not mean that everything is going to be okay.

There are huge red flags in Europe, Asia and South America right now.  In addition, our neighbor to the north (Canada) is experiencing a very significant slowdown.  The irrational optimists can continue to believe that the U.S. economy will somehow escape relatively unscathed if they would like, but that is not going to be what happens.

Just like virtually everyone else on the planet, we are heading into hard times too, and this is going to become a dominant theme in the presidential campaign as we move forward into the months ahead.

  • Wizard of Aus

    The slowdown in China is having a massive effect here. The Federal govt. has had to step in and assist the failing steel industry & the defence industry has laid off hundreds of workers recently. The Australian economy is having trouble transitioning from the mining boom which has ended.

    • Jacynthia Read

      Sorry to hear that.

    • nevergiveup

      Same here in South Africa. At least the cricket results are fairly consistent.

      • Mad Monkey

        Only score results I see coming from my ex homeland is the number of universities and schools that have been burnt to the ground. According to my sources soon there will be bread riots in South Africa – things have go so bad.

        • REALIST

          Those racists White Afrikaner Boer’s don’t look so bad now, huh? ( love that song De La Rey)

        • nevergiveup

          According to our local Spar owner in Johannesburg the price of wheat has almost tripled. An entire university was closed because many buildings and cars were burnt down. But there is still plenty of good happening too, but yes it has got worse. Until they remove the current president I don’t things will change much. By the way we are playing Aus at the moment in a T20, 1-1 in the series, this is the final match. We are betting first and currently it’s going well. I was at wanderers on the weekend and they beat us on the last ball! Great game though.

      • REALIST

        “One Man, One Vote, One Time”

      • sistersoldier

        Hello Nevergiveup: I have always wondered about the “mother land” as they say. What is it like to live in Africa? My pastor visited there once and he said although he had never been there he felt something strike in him as if he belonged. I cannot imagine but have longed to know what it would be like to return to the land of our ancestors. God bless.

        • nevergiveup

          Thanks for asking. It is a beautiful country with lots of good people but we have Many challenges, we are still as a nation struggling to rectify issues stemming from the past which include forgiveness, economic equality, racism and wrong ways of thinking. We have a long way to go. Corruption is probably our biggest issues because it affects everything. We are experiencing a very difficult time right now. Major drought, our currency has been decimated and there has been rioting in the universities. But like I said, there is hope.

          • sistersoldier

            And hope is all we need with faith makes it the equalizer so that we may call those things that are not as though they were. You and yours will be in my prayers.

    • Mad Monkey

      Yeah, lost my mining job, was 8 months unemployed, now got a lower paying job in a gold mine. As long as the gold price keeps rising, I might be able to pay the bills.
      Australian housing bubble is cracking along all the seams and is going to deflate like a lead balloon.

    • REALIST

      Australia only needs to build Empty Malls, Empty Cities, 4-Lane highways across the continent…………

      Or, dig up the ore, refine it, and bury it again. Rinse, Repeat.

  • ali

    Can’t understand why oil and other commodities like iron is going up?

    • James Dohnalek

      It could be tension. Possibably the potential destruction of manufacturing. Like oil fields, refineries, steel mills.

    • REALIST

      Central Banks issue credit to their Primary Dealers who buy massive amounts of Bonds, thus enabling the sellers to prop up the Stock market.

      Very easy. There is NO WAY IN HELL “they” can allow the stock market to decrease to it’s real value. That will destroy Union Pensions, State Pensions, Teacher Pensions and Insurance Companies. Notice how they WILL NOT let the Dow stay under 16,000.

      Just keep “printing” paper notes and keep buying stocks. It is so easy.

      • ali

        So the power of printing is Unlimited.

        • Bill G Wilminton NC

          NO……

  • rat28

    Don’t worry about China. They are developing their service sector industries so they will be like the USA. Focusing on export is now so yesterday!

    • Mad Monkey

      The Chinese citizens put all their money into stock market and over inflated housing market and now are broke, and most are loosing their jobs. There is no middle class with any money to consume services.

      The US service economy is debt based, the Chinese citizens are already more indebted than the US. The service economy is a pie in the sky that has been eaten by the debt ravens.

  • ALWAYSTOMORROW

    Okay. I will focuse on China and the U.S. and put this recent article titled “WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire” on hold for now.

    • REALIST

      Turkey is stupid if they think the Russians won’t decimate their pathetic Air Force. When the Russian fighters show up, the Turkey pilots will run like hell.

      War over in 24 hours.

      • Ken

        Russia has EW technology to blind NATO fighter jets.

        • Bill G Wilminton NC

          YUP just like they blinded that U.S. destroyer…….

  • Running a deficit is OK if someone is paying for it, unfortunately in the major economic failures of the USA, UK and EU it is the working community who are having their shirts ripped off their backs while they sleep!!!! And it apeasr they wish to vote to support their demise.

    • Yawn

      socialism works till you run out of others money!

      • Jack

        That sounds like Margaret Thatcher. I loved that lady.

      • Steeve Girard

        Capitalism works until you beat the enemy, or accomplish the major goal.

    • Rick

      That’s exactly right. Look what we’ve done the last 8 years in our choices for president (and other offices). The hurting black population votes for the clown at a 97% rate despite the fact he is screwing their group over more than any other…

  • 70 greedy thieves owning (hoarding) more than 7 billion may have something to do with it. Take away the mechanism to do business by outrageous personal hoarding and business disappears … its not magic !

  • Rhialto the Marvellous

    Well, at least we have a “president” whose “justice” department winks at the crimes of fellow Democrat leftists.
    Everything will be OK as long as the welfare checks go out!

    • Gay Veteran

      Obama certainly passed up prosecuting his fellow war criminals Bush and Cheney

      • awb22

        plausible deniability, you’ll never prove anything in a court of law, and you know it, so why don’t you just shut up?

        • Gay Veteran

          hey junior, they’ll NEVER be brought into a court

  • Orac4Prez

    In Australia, the Chinese have issued complaints to the effect that Australia (potentially hosting US long range bombers) should consider the wider and best interests of the region. Like China gives a damn about the region and the concerns of contested claims for the Spratly Islands, etc!

    • REALIST

      All Chinese must be expelled from Australia. They do not belong there.

  • SunnyFlaSnotress

    If you look at China’s export drop on a cyclical basis as shown on this chart, it’s like a dip in the stock market.
    tradingeconomics DOTcom/china/exports
    Not impressive ::yawn::

    • Orac4Prez

      I would like to see the correlation of China’s exports with MacDonald’s performance. All I see is sad Chinese workers dismayed at the US customers walking away from happy meal toys! (sarcasm in case you haven’t guessed)
      The whole world economy is distorted by the Chinese and there is a limit to the amount of junk people buy! A correction will occur but it will resolve and jobs will swing back to other markets.

      • SunnyFlaSnotress

        Speaking of McDonald’s .. do you remember Michael’s doom article about it? Well, it’s chugging along nicely at over 17% profit margin and the investors are getting their dividends.. oh the horror!

        • jox

          Everything works great until the very minute it doesn’t. #rememberlehman

          • SunnyFlaSnotress

            Wherever you go in life, there you’ll be 😉

          • sistersoldier

            Have you been eating your wheaties?

          • GSOB

            Wheaties gives you that real ‘gutsy’ taste.

          • sistersoldier

            Do they still sell Wheaties or did Bruce Jenner mess that up?

          • GSOB

            Gutsy does not sound delicious… does it?

          • sistersoldier

            Not at all. I must sign off now I have to go pick up the kids from after school program. God bless and be safe.

          • GSOB

            Grab that happy meal!

          • Mike Smithy

            Too funny. That’s one of my favorite quotes from Mike Brady of the Brady Bunch. “As a wise man once said, wherever you go…there you are”.

          • SunnyFlaSnotress

            if you could provide the youtube clip, i’d watch it

          • Bill G Wilminton NC

            You make a choice and at the end you be where you be and then you may be where you dont want to be …..but then it is too LATE cause then you be for eternity….

          • Bill G Wilminton NC

            and then in afterlife where you be !

          • GSOB

            As a man thinks, so is he.

        • sistersoldier

          I might be responsible for some of that increase my adopted daughters should have stock in McDonalds the Happy Meals at least.

          • GSOB

            How old are they and what are their names?

          • sistersoldier

            8 and 10 yrs old Tamaria and Tatiyana respectively.

          • GSOB

            Easy to remember.
            My wife’s name is Tamara.
            I have 9 year old boy, a 23 year old daughter and a 2 year old grand daughter.
            Thanks

          • sistersoldier

            My goodness you guys planned that well. One adult to converse with and yet a young one to still enjoy. God bless all of you.

          • GSOB

            I love sausage Mcmuffins. I consider them as mini pig burgers.

          • Gay Veteran

            why do you let your daughters eat garbage at McDonalds?
            and aren’t you trying to lose weight? drop the junk food and get on the Atkins diet

          • awb22

            as long as your heart can stand it.

        • Bill G Wilminton NC

          The head counts are still down almost 3%…. breakfast all day is propping things up….and YES Michael was correct 2015 was a nightmare for McD…. what is it with you people!

          • SunnyFlaSnotress

            Howww.. was 2015 a nightmare for McD? Stores adapt to changing markets.. that’s the norm.. no biggie..

          • Bill G Wilminton NC

            YUP as people get more and more broke they can only afford BREAKFAST… morning noon and night….and THIS is what Michael is/was saying……….

    • Bill G Wilminton NC

      this dip combined combined with baltic dry index drop is an indication of slowdown YUP….

  • Yawn

    ahh shucks im not worried..i will never pay any of this debt.. who cares…tell the chineese to F off as gordon ramsey would say…hehehehheheheheheh.. tell the whole world to F off I own the printer and your my bitcccccccchhhhhhhh coin

  • Yawn

    personally all the china junk i bought breaks in a set period…not interested until quality over quantity comes back…

  • Yawn

    look lets make this simple…print 3 – 1 trillion dollar bills and have longface run them over to the chineese ambassador….easy fix.. then china can by 3 trillion more in bonds….this is such simple economics….

  • sistersoldier

    Very good article and I am glad to see the economy at the forefront again. Not that other news is not important but the economy affects us all equally.

  • worriedmama

    Just because the big cities have yet to feel pain doesn’t mean the rest of the country is not feeling the hardships. On the Western Slope of CO we just lost another Coal mine, the last mine in Delta County is going to 50% staff meaning that HALF of the staff is going to be laid off. There is already talk of shutting down an entire school system and combining 2 schools. Think of all of the staff being fired from the school system. I haven’t even starting talking about all of the retail jobs that are going to be lost.

    • Mike Smithy

      But, but, but… President Zero and the Bureau of Lying Statistics (BLS) tell us that the unemployment rate is 4.9%

      • Rick

        Hey, this president is doing exactly what he told us he would do 8 years ago. Tax and regulate the coal industry so that electric prices would nessicarily sky-rocket. And we the people chose him! Twice! Might want to look at the non-racist black population around you. In both elections they carried him to office with about 97% of their vote in each election despite the fact that he was and is screwing them over… And you certainly can’t tell me they were voting on policy, as I know for a fact there are more than 3% of the black population that are conservative. They voted along straight color lines. Nothing racist here.

        • sistersoldier

          I wish that people would stop speaking for the black community! Especially when you don’t post the facts. In case you haven’t noticed blacks are still a minority in this country. And of the available voting population we did not carry Barack Obama there is simply not enough to do so. Either quote proven statistics or simply be quiet.

          • Bill G Wilminton NC

            I believe that he is saying that 90 percent of the black voting block….voted for obama.

          • sistersoldier

            And he would still be lying!

      • Bill G Wilminton NC

        If a person would believe that the UNEMPLOYMENT RATE IS 4.9 they are called ROCKHEADS………

        • sistersoldier

          Brother Bill you did not answer my question.

          • Bill G Wilminton NC

            YUP I did….. did you not see the post, I covered the whole hand raising.

            Have you received it ?

          • sistersoldier

            No, you must have been flagged.

          • Bill G Wilminton NC

            or I didnt hit post….I will send a post later…..but I have no and see no prob with trump asking to raise hands and if he said said swear that you will show up to vote I believe it was a exuberance issue not a Godly issue and when this was brought up to him……he just dropped the stupid raising swearing thing totally…to use this as a Trump detriment is what I call desperation and really reaching.

            The next issue will be… Trump taking out a handkerchief is signalling to the aliens the invasion time…

            Have you researched Cruz…….there is a garage full of Globalist connections.
            On the lost post I included them but running out of time now to retype but Mr Cruz and his wife Heidi are Knee deep in a Globalist history and he is still not for THE WALL and neither is any Globalist as they want no borders and no country sovereignty….but we the people DO. .

          • sistersoldier

            Are you serious? Please give me your candid reply to this statement from a Jewish commentator of last nights event: These are Donald’s words:

            “Can I have a pledge, a swearing?” Donald Trump asked at a Florida rally. “Raise your right hand.”

            Donald Trump led supporters in a pledge of allegiance — to him.

            “Who likes me in this room?” Trump asked. “I do solemnly swear … that I, no matter how I feel, no matter what the conditions, will vote on or before the 12th for Donald J. Trump for president.”

            The Trump pledge worried longtime Anti-Defamation League Director Abraham Foxman.

            “I am a Holocaust survivor, and this made me quiver,” Foxman said.

          • Bill G Wilminton NC

            I saw trump speak last nite he was at his own golf club and never mentioned a raising of hands he was speaking for an hour……the place was filled with reporters…..and was LIVE….so what gives this sounds more and more like hysteria !

          • sistersoldier

            Would you at least do me the courtesy of googling the “Trump Pledge” before you accuse me of not being in my right mind.

          • Bill G Wilminton NC

            ha ha lol yes I will in haste….

            But you have to know that Abe Foxman has attacked any/all conservative candidates for over 20 years and is a leftist drooling LIBERAL and attacks rush limbaugh daily who does more for supporting Israel than Mr Foxman…..that is not a credible source of anything.

          • sistersoldier

            Say no more I can see that you are souled out for Trump.

          • Bill G Wilminton NC

            In perspective Trump has a son in law and daughter in law who are JEWISH !

            And he dropped his stupid pledge/swear deal right after it was called to his attention…..the video tape was mar 5 th…..

            I can see that you are SOULED out for the Globalist CRUZ !

            He is still NOT for the WALL because his masters the New World Order Globalists dont want BORDERS….WALLS….or NATIONAL SOVEREIGNTY….no countries just NEW WORLD ORDER.

          • sistersoldier

            Dump Trump.

          • Bill G Wilminton NC

            Check out CRUZ you will be shocked…

          • sistersoldier

            Brother Bill for the last time I am not a Cruz supporter. I do not plan to vote for Trump, Cruz, Rubio, Clinton, Sanders. None of them but I do plan to write in my vote.

            I am offended at how the entire elections are orchestrated. They throw us the worst they can find and then expect us to squabble over their choices. If you had a choice – a voice – then the candidates would look a lot different. Can you not see that? All of them are of the establishment if not then why can’t just anybody run for the presidency who qualifies? Please tell me because the qualifications are simple: “The Constitution gives three eligibility requirements to be president: one must be 35 years of age, a resident “within the United States” for 14 years, and a “natural born Citizen,”

          • Bill G Wilminton NC

            Trump is not establishment ! and Newt Gingrich just had some very interesting comments on Trump.

            And Ben Carson just endorsed Trump.

          • Gay Veteran

            rump?

            from the comments section another blog:

            “..Warmongers. SJW’s. Radical Islam. Globalists. Open Border Advocates. Angry minorities. Feminists. MSM. Political Party Hacks. The EU. Wall Street. Progressives. LGBT. Neo-Cons.

            What do all of these groups have in common?

            They unilaterally oppose the Trump candidacy, 100%, lockstep. Every single opposing faction that are normally under any other circumstance at each other’s throats have joined together for one common cause that they can all agree upon.

            Look up on that list and figure out which group best represents you. If you can’t find one, then it’s likely you’ve already decided to vote for Trump.

            S*****, I understand your distaste for the man, personally I object for one of the only reasons I have never seen articulated by any group or person since this began- he dispossesses his own families, one after another. I don’t care that he provides for them financially, he abandoned three previous marriages with children despite his vows before God and family. To me, that makes him a man of extremely low character and the singular reason I would never support him.

            But the fact remains that you cannot continue to echo the empty refrain that it is about anger, or low information, or stupidity. It is akin to being under fire and running low on ammo and facing overwhelming odds from the enemy when all of a sudden out of nowhere another person starts firing at them from your side. It doesn’t matter what kind of rifle he is using or the color of his uniform, only that you are both taking fire from a common enemy.

            I hope that helps.”

          • Bill G Wilminton NC

            This Unilaterally opposed to TRUMP LIST…. PLEASE GET THIS LIST ON A NEWS FRONT PAGE and Trumps poll numbers will SKYROCKET even higher ha ha lol

            Trumps children ALL work with him and are exemplary young men/woman… and SHOW love and respect for their DAD. Trump has married three times and with the third wife Melanie he has a young boy of 12.

            This is desperation at its BEST !

          • Bill G Wilminton NC

            not art class please no cut and paste

          • Gay Veteran

            poor billie, just too f-ing retarded to read more than 1 sentence

          • awb22

            you’re the worst kind of hypocrite, calling someone else retarded, you idiot.

          • Gay Veteran

            STILL stalking me, eh

          • Bill G Wilminton NC

            YUP googled it…………..hysteria is the diagnosis…..study CRUZ he has issues.

          • sistersoldier

            I am not a Cruz supporter nor any candidate for that matter please don’t identify me with that camp. I was simply pointing out who the GOP’s nominee should be for the time being as he is less inflammatory than Trump. I stand for Jesus Christ and Him alone will I uphold and serve.

          • Bill G Wilminton NC

            Get Cruz to support the wall..

          • sistersoldier

            We’re done here. I thought you were for the things of God? I was mistaken. It happens. Shalom

          • Bill G Wilminton NC

            I am for the things of God… and this is not appropriate,

            You said it all said perfectly ” I was simply pointing out WHO the GOP candidate nominee SHOULD be for the time being as he is less inflammatory than Trump” the word SHOULD says it . You consider yourself the one to choose who others vote for.

            You may have been one of those Jewish saying but but but Moshe (hebrew for moses) murdered someone. God can handle Trump he needs no assistance from you or I.

            God Bless
            Shalom

          • victor

            I was wondering about this, why do you think the Lord let Obama be president?
            Because he was Christian?
            Or Christians didn’t pray hard enough for a Godly GOP president?
            I was thinking when God used Nebuchadnezzar, because of the Israelites disobedience.
            How this relates to who will be our next president.

          • sistersoldier

            Satan is the ruler of this world and he is the prince of the the air. It is true that in part the church has fallen asleep and have turned aside after filthy lucre (money). The first line of defense against spiritual wickedness in high places. So without a doubt, a lack of prayer and a nation that has become rebellious and disobedient towards God no longer have a hedge of protection around them and evil will prevail. And just as you referred to Israel’s disobedience the same applies to all – they rejected God as King and he gave them Saul but then being God – He knew that He had a deliverer already for His people in David. Whether Barack is a Christian is not for me to say but one thing is for sure Donald Trump most certainly is not.

          • Bill G Wilminton NC

            Abe is a drooling leftist Liberal who attacks Rush Limbaugh on a daily basis…….Limbaugh does more fore Israel than ABE.

          • sistersoldier

            With all due respect Mr. Foxman was not the only person offended and what I watched was a replay on ABC news – locally. You were invited to do you own due diligence. No Christian would vote for this man unless you would love to see a strip club in every city. As he owns quite a few of them.

          • Bill G Wilminton NC

            He owns no strip clubs but owned 3 or 4 casino’s in Atlantic City N.J……he has long ago divested himself of A.C. hotel casino’s.

          • sistersoldier

            My misguided Brother. You can find no fault with Donald Trump who is in my opinion (despicable) but you accuse me of being hysterical, practicing witchcraft or witch hunting, a liar and all I was trying to do is to simply say as Christians we do not champion an evil cause. Calling good evil and evil good.

            My Lord is there any balm in Gilead for your people who need eye salve to see the truth. That is my petition today.

          • Bill G Wilminton NC

            Trump has his faults….what about Obama…..

          • ALWAYSTOMORROW

            At least the strip clubs would generate new jobs. I have read many posts of people on this blog who are looking for work.

          • sistersoldier

            Well he did promise to bring jobs back to America.

          • AzDi

            Hi Sister – I would like your opinion about Ben Carson who seems like the most devout Christian I’ve seen. He just supported Trump and I could not believe that.

            I enjoy all your comments and will now go and read up about Cruz. That is someone that I “thought” was a good guy…. but as we seem to find out, no one is.

          • sistersoldier

            Thank you AzDi for your kind words. I heard of Ben Carson’s endorsement just this morning and I could not believe it. According to the media Ben Carson stated he knows a different Trump in person. Reportedly this other Trump will be revealed after the primaries. I shudder to think what this could imply. The only thing that I can say is that now more than ever is the time to pray and stick closer to God’s word like never before. God bless.

          • AzDi

            Yes, I agree – Amen to that.

          • Gay Veteran

            Trump?

            interesting post in the comments section on another blog:

            “…Trump is what he is. I actually have more distaste for Trump-eteers. I said this a couple days ago in an other thread that was about dead. I’ll repeat it here.

            4. I have no problem with the “f**k you” voters, or the angry voters. Really. These people are NOT Trump-eteers. They are simply frustrated and angry and want to stick it to the establishment. Have at it!

            5. A Trump-eteer is the person who actually believes Trump’s bul lsh it. A Trump-eteer actually believes sloganeering and empty promises will make America great again. A Trump-eteer actually believes that Donald is “different — not one of them” … MERELY because he’s not a politician. This is hilarious. A Trump-eteer will immediately vote down at the slightest hint of criticizing their newly found savior. Trump-eteers live in their own hopey-changey world of alternate reality where any day now unicorns will sh it bitcoins in their Wheaties.”

      • Steeve Girard

        The real number the population activity level, which means about 25% of the US population is doing absolutely nothing for the economy. And it’s about similar in Canada too.

  • jj

    Since China’s largest export markets are the US and the EU, this says more about the total collapse of the later than China itself. The fact is both are in extreme trouble. China has been shutting down unproductive state enterprises and cleaning up its mess. The US and the EU have not.

  • Brace for impact, kids. This is going to get ugly, real fast.

    John Little
    omegashock dot com

  • rentslave

    Update on Powerball:The jackpot went up only $10 million from its last drawing,possibly the lowest increase in the games’ history.The tapping out of people is speeding up.

  • Mondobeyondo

    Americans are not buying as much cheap Chinese crap as we once did. We can’t afford to. We’re maxed out, or tapped out, or very likely both. Just can’t afford those fancy plastic gizmos anymore. So it shouldn’t be surprising that Chinese exports have plunged. What’s shocking is how far they’ve plunged.

    • Steeve Girard

      They plunged because the planners overshot their predictions in the first and too much stuff was made.

  • Richard O. Mann

    When you step back and look at all the hot spots in the world right now, it can be down right depressing. China, Russia, Middle East, ISIS, and the list goes on. But, thank God we who know Christ have been warned before hand that all these things would happen. Still, I hate to see so many not only in the US, but all over the world, who don’t have a clue as to what is coming. Keep looking up.

    • SunnyFlaSnotress

      Christ and the bible gave stock market and export predictions?

      • sistersoldier

        As a matter of fact the Bible does tell us how the future commerce will operate:

        “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or[a] the name of the beast, or the number of his name.

        Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.

        • SunnyFlaSnotress

          So you think 666 was a Nasdaq prediction?

          • sistersoldier

            I think the market operates on these three numbers in one way or another. It will only be a matter of accepting this personal insignia as a permanent mark to seal the deal and to participate in the future economy. So yes they are intricately inseparable.

          • sistersoldier

            Read my lips the NASAQ is operated by the 666 creed along with the rest of Wall Street and Stock Market Exchanges.

          • jsmith

            You mean it’s operated by the tribe, right? Something that Michael always skips on.

          • sistersoldier

            I am not sure what you mean by tribe? Please clarify.

          • Bill G Wilminton NC

            Jewish

          • Bill G Wilminton NC

            Michael skips it because the tribe theory is false……Yeshua (Jesus) is Jewish from the tribe of Judah and The Savior of The World.

        • GSOB

          Fulfilled

          • Bill G Wilminton NC

            WRONG…….not fulfilled

      • David Martini

        I’m not saying that this is happening right now, or who the players in the drama are, but it is simply to answer your question. And I won’t preach at you.

        Rev. 18:11-19 And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble, And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men. And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all. The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
        And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, And cried when they saw the smoke of her burning, saying, What city is like unto this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

        • SunnyFlaSnotress

          Sorry, but I don’t really relate that to modern day stock markets.. It’s just the bitter projections of the scorned in relation to the businesses of their day.

          • sistersoldier

            Unfounded.

          • GSOB

            You are very sober minded.

            Don’t let anybody discourage you from using your brain.

            The truth of the matter is….
            Christian faith practiced in truth actually lifts and sanctifies all our human faculties of logic, reason and discernment.

            Ours is not a mindless faith. Ethics is first internal, not external.

          • Bill G Wilminton NC

            All our human faculties of logic, reason and discernment without the Gracious Forgiveness of God Is Naught…

          • David Martini

            That’s fine. I wasn’t there, so I couldn’t say if they were bitter and scorned or not. This was as close as I could come to answering your question about biblical prophecy of economics and export/import events.

        • sistersoldier

          Preach please! So many don’t understand that the entire fiat currency system is Satanic!

        • GSOB

          Fulfilled already

          • Bill G Wilminton NC

            GSOB…wrong

          • Mike

            Pot calling the Kettle Black. The great tribulation has already come?! Where is Jesus? I don’t recall seeing the Antichrist wage war against Israel and then get thrown alive into the lake of fire at the return of my Lord and Savior Jesus Christ. Nonsense!

          • David Martini

            Didn’t say it was.

        • Mike

          Mystery Babylon will be destroyed by fire in a day. I believe it to be the USA at that time too. However, this event happens at the end of the 7 year tribulation period. There is a lot of crazy stuff that has to happen before the destruction of Mystery Babylon.

          • David Martini

            Yes, lots of stuff to happen yet.

          • carson

            yeah but her final destruction vs who is empowered above her can be kept in mind.
            Rev 13 and Rev 17 both show that when it’s time, the beast is empowered, not the whore..so wouldn’t that cause some downfall to babylon all in it’s own?
            And so many say that babylons fall will be in stages or 2-3 parts.

      • GSOB

        You are sober minded.
        The emphasis in biblical prophecy is
        ‘ethics’…. a call to repentance, faith and obedience…. nothing more, nothing less.
        But that’s a whole lot!

        • sistersoldier

          Indeed it is GSOB – it is everything.

        • Bill G Wilminton NC

          BIBLE PROHECY ….Old Testament speaks that SOMEONE IS COMING…..

      • Bill G Wilminton NC

        NO…………….

      • Mike

        This is what Richard is referring to:
        Matt 24:7…6″You will be hearing of wars and rumors of wars. See that you are not frightened, for those things must take place, but that is not yet the end. 7″For nation will rise against nation, and kingdom against kingdom, and in various places there will be famines and earthquakes. 8″But all these things are merely the beginning of birth pangs.

    • jsmith

      You know, I was thinking, and that’s the problem with me in that I think. Suppose the great leaders of the world set us up for a non-nuclear war, yes, that’s right, they get to test all their newest military hardware at the expense of us sheep, ahem, I mean at the expense of your 18 year old boys and girls. And why not, we know how these termites work, so why not have a great new World War 3 without the nukes. It will be good for Wall Street and the banksters, but of course bad for the millions of people that will die for the latter, just like all the other wars that were fought. And then they can rebuild a new world. Now where did I hear that, a new world order?

    • Holger Jahndel

      @Richard:

      There are successfull economic systems and modern tax systems in Scandinavia with Sweden and Finnland and in Iceland!

      Even the Japanese want to introduce the Scandinavian Swedish tax modell in their country as the national taxt system of National Economy and the Benefit of the middle class producing the most jobs! And also CANADA is doing better than the neoliberal Neocon USA with the neoliberal Globalists!

      Neoliberalism has spread from the city of London and mass media like the failed fraud Monetarism of MIlton Friedman of the University of Chicago! The USA are deindustrialized by neoliberal free trade and destructive financial speculations and are loosing their whole industrial basis and the middle class is melting away now!

  • DJohn1

    The military response is predictable if China is no longer solvent and feeding itself. If China is down that much then moving militarily is a diversion before people start starving.
    The only true answer here is an economic system that keeps people from starving to death. That will mean changing basic government to cater to the people feeding everyone.
    Those people are by nature individualistic and hard working. Which does not exactly go along with big government interference with the nature of farming.
    The farmers need the independence to get things done. They need this independence to make the farms produce enough to keep the people fed. The same thing is occurring here.
    The ranchers of the Southwest are running against the government intervention of the EPA. The result is beef is getting very expensive in the USA. We are seeing massive amounts of farm products destroyed like in the chicken industry.
    Part of the key to keeping an economy going is feeding the people cheaply enough so everyone gets fed. The masters of economics that came after the depression of the 30s realized that and put safeguards in place to keep the farms going. A lot of which the government in its wisdom have been dismantling.
    Those that do not learn from history are doomed to repeat it.
    There was a reason why we made a deal under Nixon with China. That reason still applies. It kept China from going to War with the world. It bought all of us time.
    The problem is balance. The Chinese do not realize that balance is necessary to continue a thriving economic situation.
    That means an equal exchange of goods not an exchange that favors either country unfairly. Otherwise the customer dries up and nobody wins. And that is exactly what is going on right now.
    Customers world wide are drying up because of the unequal exchange.

  • SunnyFlaSnotress

    Did you look at the chart on the website I posted?

  • Steeve Girard

    That means the financial mechanics that prevailed in 2007-2008 are still valid today. They have not corrected the problem, and they never will… they are just kicking the can until it falls off the road.

    • Bill G Wilminton NC

      YUP you finally got it….

      • Steeve Girard

        I did got it… it’s just the system will not fall until it’s primary source of funds shatters. Which is conventional oil, in 2030. The oil rout is just a first taste of what would happen when it truly breaks.

        • Bill G Wilminton NC

          It will fall when the Globalists want it to fall…. to accomplish their New World Order.

  • The Truth

    Stop preaching that dribble written by some drunk millennia ago that has been re-translated and re-interpreted so many times the original babbling is long gone. Yet your priests are still fondling kiddies by the production line. Your entire religion is a deranged joke.

    • Rhialto the Marvellous

      Sez you. Who are you to elevate yourself above THE God?

    • Bill G Wilminton NC

      The BIBLE is God MADE religion is man made !

  • rmc9

    pres. obeyme is making enemies of all our friends…and befriending only the “Moslem types”. strange actions for a “christian” pres., no?

  • Rhialto the Marvellous

    Why doesn’t the stock market go ahead and crash?

    Because of ZIRP. Where else will people put their money? 1.8% bonds? So the stock markets maintain a certain level despite the massive debt, job losses, manufacturing woes, etc, etc, etc.

  • Bill G Wilminton NC

    GOD BLESS TO ALL…..YESHUA(JESUS) IS COMING SOON…..SHALOM

    • ALWAYSTOMORROW

      Bill you said “(JESUS) IS COMING SOON”

      I would love to make a bet with you but I am having a hard time figuring out how to structure it since I would win no matter how I do it.

      Do you have any suggestions

      • Bill G Wilminton NC

        YUP…Bill says Heads I win..Tails you lose.

        • ALWAYSTOMORROW

          I would never challenge ones beliefs but just offer this information. I specifically remember sitting in church in the early 70’s as a child and hearing the preacher say something like

          …..in this old sinful and corrupt world it wont be much longer at all until the trumpet sounds, the clouds will roll back and Jesus etc..etc…

          The preacher, my parents and most of the adults that were sitting around me went to their graves waiting on that “promise” to happen.

          As I use to tell my dad when he was alive, ” There’s always tomorrow”

          • Bill G Wilminton NC

            As you are aware no one knows the day or hour. In my years of deep Biblical research I never have picked a time but now I am seeing something unique a convergence of Biblical facts from all directions and seemingly coming at a slowly increasing speed.

            I wait not for The End but The Rapture….are you aware of this Event if not do some research….as it is coming.

            In my quest for the Truth and Biblical knowledge I have come across many many amazing Things.

            But foremost and absolute I love The Lord Yeshua, I pray that you have not drifted but if so you are only a prayer away.

            Shalom

  • tacoma

    Senator: General, the U.S. military have cost taxpayers $50 trillion dollars since the end of World War 2. Is that correct?
    Joint Chief: That pretty much sums it up.
    Senator: Today America has the world’s biggest and most advanced military. Is that correct?
    Joint Chief: That pretty much sums it up.
    Senator: But the United States did not win the big wars, Korea, Vietnam, Iraq, etc. Is that correct?
    Joint Chief: That pretty much sums it up. But we did win the Cold War.
    Senator: How many shots did you fire to win the Cold War?
    Joint Chief: We did not fire a single shot.
    Senator: So what is the use of $50 trillion dollar in military?
    Joint Chief: We are prepared fight any major wars in two fronts. We are prepared to fight land, sea, air, space, underground. We are prepared to fight Cold War 2. We are prepared to fight global terrorism. We are …
    Senator: Are you prepared to fight a full scale war with China, Russia, even India?
    Joint Chief: Well, that will mean annihilation of the human race.
    Senator: So what is the use of $50 trillion, the purpose of $1 trillion per year in the military?
    Joint Chief: It gives our politicians the ability to bully the world and mess things up. So that we can borrow more money from them.

  • Hayrick

    Some guys here are crazy. God will not save you. If it would it would help the other side rather than the USA military / Industrial rigged banking system. Sorry guys you have killed too many people already since Vietnam and the Cambodian innocents.

  • grumpyhillbilly

    I realize everyone is too broke to buy Chinese made junk, and that has huge consequences on the economic health. However the Chinese took perfectly good product designs, made it on the cheap, and we consumers eventually junked those products shortly after warranty. That is a helluva business model. Worthy of the dustbin.

  • Rick

    Bolger, thanks, these look to be great sites.

  • theblame/e

    The world has become a fully-rigged, manipulated, and controlled place. The United States has the most hollowed out economy on the planet, and either doesn’t know, doesn’t care, or lies to itself and its people — without consequence.

    You have individuals — hedge fund managers like Kyle Bass and George Soros — treating countries like they are subject to the same financial rules and consequences that stopped existing after the Crash of ’08 – ’09. Betting against a bunch of crooked bankers is one thing (or it use to be); betting against a whole country is suicide.

    Portugal, Ireland, Italy, Greece, Spain (PIIGS). Anybody lending money to these countries is an idiot and deserves the fleecing that always comes with saying “But this time is different.”

    South America has been taking out loans and then defaulting on the same loans for decades. Any banker with any common sense would stop lending money to these Banana Republics, third world countries, and petty dictatorships.

    The world has been on the edge of collapse forever. Forever is a long time to wait for the thing to fall apart. If anybody in control anywhere was really concerned about how desperate things are, don’t you think things would have ended, or at least changed by now?

  • Ben William

    No we are NOT kidding you. USA and EU are too broke to buy cheap Chinese garbage.

    The Chinese government is not the sharpest tools in business world either. For one, they should have saw this coming and two, if they would have actually focused on China and paid their slaves a decent coin, they would have never needed to be so dependent on USA EU now when it counts the most.

  • Holger Jahndel

    There are successfull economic systems and modern tax systems in Scandinavia with Sweden and Finnland and in Iceland!

    Even the Japanese want to introduce the Scandinavian Swedish tax modell in their country as the national taxt system of National Economy and the Benefit of the middle class producing the most jobs! And also CANADA is doing better than the neoliberal Neocon USA with the neoliberal Globalists!

    Neoliberalism has spread from the city of London and mass media like the failed fraud Monetarism of MIlton Friedman of the University of Chicago! The USA are deindustrialized by neoliberal free trade and destructive financial speculations and are loosing their whole industrial basis and the middle class is melting away now!

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