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World GDP Hopes Are Collapsing
Presented with no comment (except to note how different the "fact" in this chart is from the "fantasy" we hear spewed day after day about 'recovery' in the world's economy)...
Chart: Bloomberg
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It's all Bullshit!!!
more mooooooo
less poo...
long musk ox
........ and she is going, going ..........GONE!!!
Since Government Spending= GDP and War = Government Spending, that means that War = GDP. Prepare for WAR (oops I mean GDP!) ... and since they want to boost WORLD GDP, that means in order to save the world economy they will take us to WORLD WAR!
It seems to be the only thing both completely owned parties can agree on.
WORLD GDP ZERO HEAD. What parties? Dems and Repubs, we are talking about global GDP. They're ALL THE FUCKING SAME
THe risks are massive and building. Huge moral hazard. Huge one-sided bets.
All it takes is for the hamster to get tired for it all to come crashing down.
http://www.planbeconomics.com/2014/07/druckenmiller-on-accumulation-of-m...
Life is and has always been a fucking hazard, it's about time we remember again.
Harbanger .... Life is and has always been a fucking hazard
Forget about waiting for time. Reminder us, now.
Not exactly! The whole world may be affected but at different levels. Some of them the developing countries for example will be less affected because they have the room and momentum to grow. Some of them such as developed countries will take a nose dive...
Throw in the broken window fallacy and you see exactly what these crazy fucks think.
Broken windows? These clowns have progressed from breakin banks to breaking Cities to breaking entire Nation-States.
The good news is that the dollar is worthless!
No wait...
Reminds me exactly of the plot of a certain dystopian novel, written by a certian author whose name has become synonymous with totalitarian mentalities...
You mean the US 1st quarter -2.9 percent drop was in fact based on the inter relationship of falling GDP throughout the rest of the globe? I'll drink with you!
I believe they revised it downward again. But after so much bull, how can one trust these numbers at all?
The Ministry of Truth will not allow us to know reality, if such knowledge might significantly disrupt the status quo. And GDP being sucked down beyond the gates of hell, if it became widespread knowledge, might do just that.
Expect this "Malaysian plane being blown out of the sky" catastrophe to resurrect the "long lost Malaysian plane that disappeared", in a final trio of false flags to end all false flags.
Two missing Malaysian planes = one totally fucked nation. Guess which one.
All this means is that they can now say: "Beat expectations"
Love your humor!
The only thing "collapsing" are the portfolios of people who get their investment advice from ZH.
#buysilvercrashJPMorgan .... bitchez.
Personally, I'm willing to let my portfolio take a hit if it means sucking away even the tiniest microscopic morsel of power from these cocksucking parasitical dung monkeys.
i like your spirit, but your thinking is backwards.
if your portfolio is taking a hit, then your wealth is flowing into the hands of others, and most likely into the hands of those who currently control the system, thus empowering them.
better to use a store of wealth, such as gold. they can play games to drive down the price (temporarily), but they can't take your ounces from you.
reject their system and their games and you take power away from them.
Ummmm... yes, they can. Or, they can make it illegal to transact business in.
What's your line in the sand?
Get it?
I see your point, yet I just don't agree that somehow when the price of PMs goes down, and that comprises a significant part of your portfolio, that this somehow does not consitute my wealth "flowing into the hands of others", considering that money is now locked into shiny coins or bars that can never be turned liquid without showing a loss.
And as far as "they can't take your ounces from you", I suggest you reference a history book for 1930s gold confiscation. Where do you think all the gold in Fort Knox came from (nevermind if it's still there or not)????
Our fuhrer will demand Americans turn in their PMs, in the event of a currency crisis, otherwise too many people get to lift themselves out of poverty just for being sensible.
"that money is now locked into shiny coins or bars that can never be turned liquid without showing a loss."
i wouldn't say "never". gold is a long-term store of value. if you are looking long-term and not giving in to manipulation and propoganda in the short term, it's not a problem. just don't sell when the manipulated market is telling you gold has a low value. and as far as liquidity, yes, it's good to have some liquidity (cash) to ensure you won't have to sell at an inopportune time.
and as far as gold confiscation, it's unlikely - as james rickards and others have mentioned on this subject, in the 1930s the gov needed more gold because they couldnt print more $ without it; the currency was gold backed at the time. now, they create currency without any need for gold to back it. and even if it were declared that holding gold by citizens was illegal, i wouldn't care, i am not bound by the decrees of despots and corrupt politicians.
mp are as rigged as the rest. you dont look graphs daily or you fucking blind.
My odds of profiting during the collapse are 10x higher than your odds of avoiding it.
Or you can buy a house priced at 2000% of it's real value and pay the property taxes. Or buy a politician.
Either way, they're both overpriced.
Please snort some more baby laxatives. Everybody wants to be you.
look like Obama's poll numbers
Hockey stick, meet reality.
Now get your ass back below 2%, where it belongs. Damned uppity economists.
Some nice big wars should get the economy moving again.
I think it's going to be a shitload of little ones. All over the place. More of the same that we already got going on now.
The big boys ain't fighting directly- they all got nukes, and nobody's that crazy. Probably not even the Iranians.
War by proxy.
The Iranians are far less crazy than the US and its camp followers.
Put yourself in Iran's shoes and look at the world around you. You'd want nukes too.
Same reason we all own guns.
"Nobody's that crazy"...
Are you kidding me? Let's take a look at a partial list of crimes against humanity perpetuated by the parasitical elite ruling class over the years:
Genocide via wars and holocausts
Genocide via slow-kill techniques (environmental chemicals, toxic medicines)
Genocide via mind-control (people waste their entire lives just struggling to survive and living in poverty, some give up hope for anything more and end it all)
Perpetuation of a massive, global underground ring of child sex trafficking, from the catholic church to politicians and royalty to sick and twisted billionaries
Experimentation with poisons and diseases on innocents (syphilis injections for black people in the 1970s, agent orange for vietnamese and american military, chemtrails for all of us - chicoskywatch.org)
The above comprises a partial, very incopmlete list. Do you still think these devil-worshipping fucks are not so crazy? You think they're building massive, armored underground bunkers because they prefer subterranean living quarters? They know shit might pop off any moment. And if it spirals out of control, well, so be it. They will destroy the planet before they lose power.
But remember who and where they are. If by some freakish condition, you survive, return their favors many times over with good old yankee ingenuity. Use your imagination. Oh and oligarchical fascists, you won't get away with it forever. You are not untouchable. Better we bring investment to this country, reconstitute the middle class, stop the bleeding and abuse.
Agreed. I don't care how well stocked your bunker is. You and your offspring can't stay down there for a couple hundred years. And I think you are spot on about a bunch of little ones, as the bigger countries fight over who gets to exploit the little ones resources. All you are missing is a couple false flag attacks every now and then to keep the sheeple enthusiastic about sending their kids overseas to fight for it.
And the Big Boys are steadily shrinking in stature...
Run this out to its logical conclusion and you get smaller and more frequent episodes of violence, kind of like happens with everything else in nature. Reversion to the mean...
How does the economy move at $103 oil?
Ever.
It doesn't. That's why we have been in a depression for the last 8 or 9 years. No real growth in almost a decade. And the only reason there is still the illusion of a functioning economy is because so far, people are still willing to trade us real commodities (especially, but not only, oil) for pieces of paper we print out of thin air, billions at a time.
Yep..perrty much.
"Deficits don't matter" - son of Satan
GDP = Gross Dog Poop
Just change the definitions of what's counted and all will be well.
IRC France is now counting prostitution and the drug trade, all estimated of course. The US is next up with estimated growth in the underground economy. They are so desperate they will be polling prisoners on how many Double O Bros they trade for an hole shot and taxing prison rape but the poor bastard taking it in the bung hole will be given the bill since he kept the deposit.
You made me laugh........Sorry for the cause of the humor though....
It's been a fucked up week, either laugh or die crying.
Out with the old new normal, in with the new new normal. We're just getting warmed up I fear...
This weekend reminds me of Cyprus March 16, 2013.
Reassuring words from Portugal central bank:
The central bank governor also reiterated earlier assurances that BES was adequately capitalised.
“If everything went wrong, its solvency is guaranteed and its clients would be protected,” Mr Costa said.
bail in bail out dans son berceau....
(very nice french humor )
repeat.
The planet is running out of money to borrow. We need to drastically increase NASA's funding so they can finally find those extraterrestrials so we can borrow from them.
I would suppose that extraterrestrial bankers are no better than terrestrial bankers. I would further suppose that a few of them have previously worked for Goldman Sachs.
Paging "Niel Mc Curry" from CITI. Here's the assclown behind the Fed. desk. Tommy Stolper reincarnated.
Is there a single country for which GDP even roughly equates to production and wealth creation? even one?
Of course.
That would be Saudi Arabia.
That would be Kuwait.
And somewhat, Russia.
Oil is everything.
Physical resources. WIth little exception, most nations' wealth (origins) came from resource extraction/explotation.
As oil depletes those with coal and nat gas manage to hold above, and then after them it'll be wood. Each step down will meet a reduction in overall energy volume (due to decrease in BTU density of given resource).
I don't believe that Kuwait's and Saudi Arabia's positions hold too well in the future given that their trade will come under pressure of reduced demand owing to declining use (more people unable to afford stuff, which draws down industry's demand as well) in addition to increased internal consumption (peak export).
I'll continue to suggest that, as far as offering anything close to the existing status quo, Canada, Russia and the US are the "leaders" (best array of natural/physical resources).
Maybe one of those Wall Street firms can sell me a 'food, shelter, clothing, income and security' futures contract. I could live on paper food in a paper house wear paper pants get paid in paper money and defend myself with a 3D printed rifle.
Or maybe they will just keep promising me real things 'with interest'!!! until I croak.
umm? you do realize that you can actually defend yourself with a 3d printed rifle, right?
it's not a fake like the other items you mention.
(deleted, duplicate)
Does the 3D printed ammo work in that?
Yes. Have you ever seen the power of the Ejection Charge of a Paper Cased Model Roket Engine? It is a powerful as any Shotgun Shell Blast and the Paper Casing contains the blast.
They used to make Shotgun Shell casings out of paper back in the day.
Furthermore 3D printing is not just restricted to paper.
It's coming... so their attempts to control ammo production will fail.
Some days I wish it were just paper dirt under my fingernails...
"Save the planet, guillotine a pol, crat or bankster."
Save the planet, guillotine a pol, crat AND bankster."
fixed it...
The planet will be fine with or without the lot of (any) of us.
The issue, which far too many miss, is that the planet is not agreeing to our desire to achieve perpetual growth. Remove all the "bad guys" and we're STILL stuck with a bad premise/system.
Moar war! ZH will be proven so fucking right in the next few years that Krugman will be delegated to a minimum wage job at Walmart.
He isn't capable of earning a minimum wage.
Right nobody would want that hangdog, mopey looking mook around their customers.
Right nobody would want that hangdog, mopey looking mook around their customers.
Use the climate carbon tax approach method, flip the chart. Everything will look hand palm rosey.
"Now that we're here, there's no where to go but up!" - Professor Krugman
Say it aint so..........
In the Police and Justice Act 2006, the United Kingdom specifically outlawed denial-of-service attacks and set a maximum penalty of 10 years in prison.[45]
In the US, denial-of-service attacks may be considered a federal crime under the Computer Fraud and Abuse Act with penalties that include years of imprisonment.
http://en.wikipedia.org/wiki/Denial-of-service_attack
hahahahahahahahahahaha What are these Laws you speak of peasants????
Ha! Its a crime for an individual to initiate a denial of service attack in or from the US, but perfectly fine for the NSA to do the same.
Same thing with drones... It will be illegal or at least cost prohibitive (through licenses and/or fines) for the Plebeians to own and operate them... Uncle Satan and the corporate masters must have full control of the skies.
Now we know why the Luciferians hate Putin so much:
https://www.youtube.com/watch?v=u3d_yxJhmjk
-1 for you, and for all you infowars / natural news / sgt report shmucks who rant about "luciferians" out to getcha!
there's no such thing as a devil, take your bogeyman stories somewhere else.
Luciferians are not Satanists and most do not even believe in an objective, corporeal Lucifer. Modern Luciferians don't worship deities or spirits, for the most part, but they have re-interpreted the old symbols to fit in a materialist context. The writer you replied to was most likely referring to the materialist Luciferians; he contrasted them with the Orthodox Christian, Putin. Get it?
yes, i get what you are saying.
but, what i'm saying, is that there are too many kooky, wild-eyed, innuendo-spreading fruitcakes on the interwebs that rant about how there's a vast conspiracy of "luciferians" are out to get them. it's a mental disease and we shouldn't encourage it.
as far as putin, he is not a christian. i don't claim to be an expert on chrisitanity, but, you'd have to be mad power-hungry, backstab anyone to get to the top, to rise to the level of power that putin has. i would be far more convinced that putin is a christian if he gave away all his wealth and power and went to live in a cabin in the woods, or gave up office and joined a monastery. i can't judge or determine what's in another man's heart, especially one i don't know personally, but i strongly suspect putin is not a christian, based on what i do know.
Putin has been all over Russia and Ukraine to venerate the relics, receive a blessing from a priest (and even Patriarch Kirill), and he went on a pilgrimage to Israel to visit Orthodox holy sites. Whatever his problems have been, he is clearly a sincere Orthodox layman. Of COURSE the onlookers who are materialist frustrated knots of rage, especially Americans, are spewing vitriol through the mouth and bleeding brimstone through their palsied limbs! Their lives' projects are mortally threatened every time Putin crosses himself in public view.
Putin isn't part of the executive branch, so I suppose he's more free to do such things. And, as far as I am aware, Russia's governing structure isn't along the lines of a theocracy: you can correct me on this if you like.
Hitler had support of the Catholic Church. US presidents also have garnered public opinion strength (ability to manipulate) through various denominations of Christianity.
Regarding your comments about "Americans," please be aware that Canadians and all those residing in Mexico and South America are, in effect, "Americans" (residing in North, Central and South America). And in the case of the US, it's hardly homogeneous, so dipping that huge brush is making for a very poor picture; yeah, the US govt is fucked up, but what govt isn't? (and anyone claiming there's a "good" govt likely is OF that govt of has some sort of statist agenda).
So Marc Faber, Peter Schiff et al. are not delusional, successful businessmen?
Mind.......Blown.
Those numbers are not adjusted for inflation.
With idiot central bankers all producing trillions of fake $, those numbers are all negative.
Whoops. Double posted
Dammit, I wish I could afford a Bloomberg terminal. Anyway to access all goodies data like this without one?
George Bush on the eve of the Lehman Bros chapter 11....
'I'm not an economist, I'm an optimist. And you people are talking like you are economists. I think the economy is growing'.
Alan 'the retard' Greenspan...."we don't need regulation for regulation's sake"
Richard S. Fuld on eve of chapter 11....."motherfucker"
Canada's Governor of the Bank of CANADA..."we are holding the overnight interest rate at 1%"
Canadians en masse....."what the fuck"?
W.C. Fields......"Never give a sucker an even break"
Janet Yellen......"we want you to sell your bonds"
Z/H......."Look at this chart"
Moi........"motherfucker"
George Bush on the eve of the Lehman Bros chapter 11....
'I'm not an economist, I'm an optimist. And you people are talking like you are economists. I think the economy is growing'.
Alan 'the retard' Greenspan...."we don't need regulation for regulation's sake"
Richard S. Fuld on eve of chapter 11....."motherfucker"
Canada's Governor of the Bank of CANADA..."we are holding the overnight interest rate at 1%"
Canadians en masse....."what the fuck"?
W.C. Fields......"Never give a sucker an even break"
Janet Yellen......"we want you to sell your bonds"
Z/H......."Look at this chart"
Moi........"motherfucker"
George Bush on the eve of the Lehman Bros chapter 11....
'I'm not an economist, I'm an optimist. And you people are talking like you are economists. I think the economy is growing'.
Alan 'the retard' Greenspan...."we don't need regulation for regulation's sake"
Richard S. Fuld on eve of chapter 11....."motherfucker"
Canada's Governor of the Bank of CANADA..."we are holding the overnight interest rate at 1%"
Canadians en masse....."what the fuck"?
W.C. Fields......"Never give a sucker an even break"
Janet Yellen......"we want you to sell your bonds"
Z/H......."Look at this chart"
Moi........"motherfucker"
Finite planet --- economic system that requires infinite growth.
This was always going to end --- and end very badly.
Growth is OVER.
No, it's really not finite.
it merely appears that way since governments around the planet have restricted our possibilities to smaller and smaller ranges of functioning.
Remove the yoke of world government and economic planning and the infinite possibilities for growth will magically reappear.
Parasitic overload.
If you're not adding "</sarc> then please wear the dunce cap.
The WORLD is a sphere. Spheres have measure and are therefore, because they're measurable, finite. Your statement is a complete and utter fail of logic. (and clicking your cornucopian heels together is not going to change this fact)
the world? you mean the earth?
it would be more accurately described as an ellipsiod.
If people can't figure these things out on their own then I hardly think that these (and I agree) more accurate terms/descriptions are going to matter one speck. Bottom line: it's linguistic fluff, nitt-picky.
If you're itching for an argument with me then fire it up...
Ed Snowden moved to russia
My sense is that the three business day settlement for most securities is going to come into play at some point.
During a crisis, 3 days is an eternity.
top 10 countries make up 67% of world gdp, us makes up about 10%
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
their stock markets ae up about +20% over the period of world gdp graph above
http://stockcharts.com/freecharts/perf.php?spy,ewz,eww,ewc,efa,fxi,ewj,rsx
us spy is up 65%, us gdp is up 4.65% for the same period
http://research.stlouisfed.org/fred2/series/GDPA
rest of world is in real bad shape
where's all the money
https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance_as_a_percentage_of_GDP#
Tsk, tsk. The chart scale was blown up with an electron microscope (or a boson machine?), making things look much worse, worrying an already edgy populace. For shame.
If you take a more objective, 50,000 ft view, as our capable leaders do, with a more proper 0 to 200% Y-axis, things appear not at all glum, in fact rather steady. And it’s clear these markets appreciate nothing more than stasis. Let the “slow, steady growth” continue.
"Let the “slow, steady growth” continue."
Sorry, but the exponential function is going to force a blow-out on that growth, unless, that is, we can eternally/perpetually find and exploit endless other planets (my money isn't riding on this one happening).
Doesn't the presence of Krugman prove such planets exist, and have been visited (or are we the visitees?)
two weeks to Q2GDP for the US
forecasts at 3.4% from -3% in Q1 - a nice 6.4% swing in 3 months
make Orwell proud yellen - make it happen!!!!
Here's a 5Y of The Baltic Dry Index from Bloomberg (BDIY:IND)Doesn't look like much improvement after a few spikes or manipulation of money printing.Looks to me that it's getting worse,not better.
http://www.bloomberg.com/quote/BDIY:IND/chart
Yet people will still try to blame something for the obvious failure of the planet to accommodate our quest for endless growth...
Said it years ago here, growth is dead. Back then I got nothing but cornucopian BS thrown at me. Now days, here on ZH, more and more people can comprehend that we're on a finite planet.
tsk tsk
that's a 27% decline in world gdp by any scale.
My GDP estimations as of end of 2013:
USA. - 4%
China. - 8%
Canada. -2%
Eu -6%
Germany. -2%
World. -5%
World economy will continue at minus -5% mainly due to quantitative easing which was designed to destroy the real economy on purpose by bank lobby
"destroy the real economy on purpose by bank lobby"
Again, LOGIC FAIL!
Why the fuck would TPTB intentionally upset the very apple cart that keeps them on top?
You're probably someone who got burned in the 2008 bubble bust (I wasn't). Do you comprehend what that was about? The bubble, as bubbles are, was but an over-statement of actual value; meaning, it was a fictitious build-up of wealth, the wealth never really existed! so, erasing the fiction is stealing?
No, TPTB have no desire to fuck up THEIR game. They have no choice other than to experience the ship sinking just like the rest of us. Those with the highest free-board reside in locations that have the most physical resources; but, as the resources deplete the free-board shrinks... It's a global race to grab and hold on to resources: ALL wars are about resources; the "game" is, and always has been, about having the resources to support one's population (as the population grows then it MUST seek resources from others; eventually there's no spare/exportable resources because the "others," having gotten into the same game, increasingly require the same resources.
Here's how to chart GDP decline (note that Russia is already looking toward shale- nearing the end of low-hanging fruit [declining EROEI:
http://in.rbth.com/economics/2014/06/20/global_conventional_oil_reserves...
The Y axis is 0.61%
But I suppose it is 20% drop, so that's something.