World Economic News and Discussion

sepheronx wrote:They seem to be looking mostly at Ruble value and not actual value of its economy. Russias tough year is this year and next year not so much. Actually, while Ruble is very low now, it benefits them more. It. Is lower than Mexican Peso thus why they assume Mexico's economy, which isnt really weak. Mexico has their problems but they are a strong growing nation with a relative high growth rate. They are a very industrious country mostly.

The other interesting tidbit is that in 2008/9 they predicted doom for Russia when the year prior they predicted major growth. But 2008/9 Russia saw a GDP decline of 9% and the ruble was still same value then as it was early last year so they faced a real decline. This year, a huge decline, is mostly in currency value. But production has stayed mostly the same (growth in various other areas mixed in with major decline in automotive) so its balanced while rubles value softened the blow for low oil prices. If they keep currency in the 50's, even if Oil goes up, they would be laughing.

The chart takes all this year and multipies it by 15 more or less. So in other words, they expect this years trend to happen for the next 15 years. Which is of course, complete bull. We may see economies collapsing due to excessive debt and China may lose a lot but gain a lot in other areas while Iran may see massive growth in coming years.

Just look at previous charts, I dont think a single one came true. Add in that most economic troubles happen all of a sudden and were not predicted. Also, dunno why an Agriculture group is doing such a study.

One thing to look at is the de-dollarization. Once the world moves away from the dollar towards inter currency exchanges, the US cannot simply print at major rates like they could before, thus they will eventually need to pay off their debts and reduce deficite to the point they need a surplus. This will in turn greatly reduce living standards and commodity and housing market will fall too. Benefit will be is that they will gear closer to a real economy and spend within reason vs the grotesque system now.

Firebird wrote:

sepheronx wrote:They seem to be looking mostly at Ruble value and not actual value of its economy. Russias tough year is this year and next year not so much. Actually, while Ruble is very low now, it benefits them more. It. Is lower than Mexican Peso thus why they assume Mexico's economy, which isnt really weak. Mexico has their problems but they are a strong growing nation with a relative high growth rate. They are a very industrious country mostly.

The other interesting tidbit is that in 2008/9 they predicted doom for Russia when the year prior they predicted major growth. But 2008/9 Russia saw a GDP decline of 9% and the ruble was still same value then as it was early last year so they faced a real decline. This year, a huge decline, is mostly in currency value. But production has stayed mostly the same (growth in various other areas mixed in with major decline in automotive) so its balanced while rubles value softened the blow for low oil prices. If they keep currency in the 50's, even if Oil goes up, they would be laughing.

The chart takes all this year and multipies it by 15 more or less. So in other words, they expect this years trend to happen for the next 15 years. Which is of course, complete bull. We may see economies collapsing due to excessive debt and China may lose a lot but gain a lot in other areas while Iran may see massive growth in coming years.

Just look at previous charts, I dont think a single one came true. Add in that most economic troubles happen all of a sudden and were not predicted. Also, dunno why an Agriculture group is doing such a study.

One thing to look at is the de-dollarization. Once the world moves away from the dollar towards inter currency exchanges, the US cannot simply print at major rates like they could before, thus they will eventually need to pay off their debts and reduce deficite to the point they need a surplus. This will in turn greatly reduce living standards and commodity and housing market will fall too. Benefit will be is that they will gear closer to a real economy and spend within reason vs the grotesque system now.

Sure the figures might look nice in Mex.
But the class system is really disturbing. I notice in the Mayan Riviera. You have villas/condos. Then you have plain looking apartments. Then you have corrugated steel roof shanteys. And finally you have shit thats made from grass, which I thought only existed in the Amazon and Africa.

So 1% of Mex is "rich". 15% is 1st world. 15% "lower first world". Then the rest is 3rd world (shantys) and what I'd call "4th world" (grass huts).

USDA must think we're as dim as they are.

On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion.

can't keep the dong up?

"VIETNAM CENTRAL BANK WIDENS DONG TRADING BAND"

Yeah, that's what a shrinking Dong will say every time. "If you would just tighten your policy, honey...."

Submitted by Michael Snyder via The Economic Collapse blog,

You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars. But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those loans. At the same time, prices are crashing for many of the commodities that those countries export. The exact same kind of double whammy caused the Latin American debt crisis of the 1980s and the Asian financial crisis of the 1990s.

As you read this article, almost every single stock market in the world is down significantly from a record high that was set either earlier this year or late in 2014. But even though stocks have been sliding in the western world, they haven’t completely collapsed just yet.

In much of the developing world, it is a very different story. Emerging market currencies are crashing hard, recessions are starting, and equity prices are getting absolutely hammered.

Posted below is a list that I put together of 23 nations around the world where stock market crashes are already happening. To see the stock market chart for each country, just click the link…

1. Malaysia

2. Brazil

3. Egypt

4. China

5. Indonesia

6. South Korea

7. Turkey

8. Chile

9. Colombia

10. Peru

11. Bulgaria

12. Greece

13. Poland

14. Serbia

15. Slovenia

16. Ukraine

17. Ghana

18. Kenya

19. Morocco

20. Nigeria

21. Singapore

22. Taiwan

23. Thailand

Of course this is just the beginning. The western world is going to feel this kind of pain as well very soon. I want to share with you an excerpt from an article that just appeared in the Telegraph entitled “Doomsday clock for global market crash strikes one minute to midnight as central banks lose control“. You see, the Telegraph is not just one of the most important newspapers in the UK – it is truly one of the most important newspapers in the entire world. When it speaks on financial matters, millions of people listen very carefully. So for the Telegraph to declare that the countdown to a “global market crash” is “one minute to midnight” is a very, very big deal…

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
I encourage you to read the rest of that excellent article right here. It contains lots of charts and graphs, and it discusses many of the exact same things that I have been hammering on for months.

When one of the newspapers of record for the entire planet starts sounding exactly like The Economic Collapse Blog, then you know that it is late in the game.

Others are sounding the alarm about an imminent global financial crash as well. For example, just consider what Egon von Greyerz recently told King World News…

Eric, I fear that this coming September – October all hell will break loose in the world economy and markets. A lot of factors point to that, both fundamental and technical indicators and this indicates that we could have a number of shocks this autumn.

Sadly, most investors will hold stocks, bonds and property and will see any decline in value as an opportunity. It will be a long time and a very big fall before they realize that the system will not help them this time because the central bankers have run out of ammunition to save the global financial system one more time. Yes, we will see more massive money printing, but it will just make things worse. And at some stage, which could be quite soon, real fear will set in, a fear of a magnitude the world has not experienced before.
Hmm – there is another example of someone talking about September. It is funny how often that month keeps coming up.

And of course most of the major stock market crashes in U.S. history have been in the fall. Just go back and take a look at what happened in 1929, 1987, 2001 and 2008.

The “smart money” has been pulling their money out of stocks for quite a while now, and at this point a lot of others have hopped on the bandwagon. The following comes from CNBC…

The flight of investor money from U.S. stocks has turned into a stampede.

In fact, the $78.7 billion leaving domestic equity-focused funds has been worse in 2015 than it was even during the financial crisis years, when the S&P 500 tumbled some 60 percent, according to data released Friday by Morningstar. The total is the highest since 1993.

Domestic equity funds surrendered $20.4 billion in July alone and have seen $158.6 billion in redemptions over the past 12 months. Even a strong flow of money into passively managed exchange-traded funds has been unable to offset the stream to the exit among retail investors, who generally focus more on mutual funds than ETFs.
A global financial crisis has already begun.

So those that were claiming that one would not happen in 2015 are already wrong.

Over the coming months we will find out how bad it will ultimately be.

Sometimes I get criticized for talking about these things. There are a few people out there that don’t like all of the “doom and gloom” that I discuss on my website. Apparently it is a bad thing to talk about the things that really matter and we should all just be “keeping up with the Kardashians” instead.

I consider myself just to be another watchman on the wall. From our spots on the wall, watchmen such as myself all over the nation are sounding the alarm about what we clearly see coming.

If we saw what was coming and we did not warn the people, their blood would be on our hands. But if we do warn the people, then we have done our duty.

Every day I just do the best that I can with what I have been given. And there are many others just like me that are doing exactly the same thing.

Those that do not like the warning message are going to feel really stupid when things start falling apart all around them and they finally realize how wrong they truly were.

Credit Suisse – Is globalization coming to an end? New research signals a possible shift away from globalization to a multi-polar world

The Credit Suisse Research Institute today released its “The End of Globalization or a More Multipolar World” report, presenting three scenarios: ‘globalization thrives,’ ‘a multipolar world emerges at economic, political and social levels’ and, more dramatically, ‘globalization comes to an end.’ The research signals a possible shift away from globalization to a multi-polar world.

https://www.credit-suisse.com/ch/en/about-us/media/news/articles/media-releases/2015/09/en/credit-suisse-is-globalization-coming-to-an-end.html

higurashihougi wrote:I never never accept TPP from the beginning, therefore I would like to give wikileaks and RT 100000 likes for this information.

https://www.rt.com/usa/318146-tpp-wikileaks-intellectual-property/

'TPP would cost lives': WikiLeaks unveils full intellectual property chapter

sepheronx wrote:TPP will benefit Vietnam way more than Canada.  We are effectively screwed in Canada due to TPP.  I figure the people who sign up for it are nothing but traitors.

Werewolf wrote:

sepheronx wrote:TPP will benefit Vietnam way more than Canada.  We are effectively screwed in Canada due to TPP.  I figure the people who sign up for it are nothing but traitors.

TTIP won't benefit anyone but elites in US, it will open havoc to industries, health of population and minimum wage laws will be lifted sooner or later. Slave labour with genetic MSO genocide and pharmaindustry like in US were all hospitals are private and you pay 400-800 USD for 1 liter salty water for infusion.