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China Lands Hard: Rail Volume Plunges, PMI Tumbles Into Contraction, Employment Worst Since Lehman

Tyler Durden's picture




 

Chinese rail freight collapses 9.1% YoY; China Manufacturing PMI tumbled back to a contractionary 49.2 - lowest in 11 months; and the Employment sub-index plunged to its lowest since Lehman ... yeah but apart from that, everything is awesome. And for those excited about just how disastrous Chinese data is (and thus how huge the next stimulus unleashing will be), think again - China now sees exactly where the last trillion dollar QE went... a de minimus and unsustained blip in the economy and liquidity-fueled rampage in stocks (which is not what a corruption-crackdown politburo wants to encourage).

 

Single Whammy: CHINA JAN.-FEB. RAILWAY CARGO VOLUME FALLS 9.1% Y/Y

 

Double Whammy: China Manufacturing PMI prints 49.2 - lowest in 11 months

 

Everything is un-awesome...

 

Triple Whammy: Employment collapses...

 

*  *  *

Copper prices have continued to collapse and retraced the entire US day session jerk higher...

 

And Shanghai Composite tried to rally but failed...

*  *  *

Of course, HSBC and Markit are screaming for moar QE...

“The HSBC Flash China Manufacturing PMI signalled a slight deterioration in the health of China’s manufacturing sector in March. A renewed fall in total new business contributed to a weaker expansion of output, while companies continued to trim their workforce numbers. Meanwhile, manufacturing companies continued to benefit from falling input costs, stemming from the recent global oil price decline. However, relatively muted client demand has led firms to pass on savings in a bid to boost new work, and cut their selling prices at a similarly sharp rate.”

And sure enough...

  • *JPMORGAN SEES CHINA RRR CUT TO BE AS EARLY AS APRIL

Charts: Bloomberg

 

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Mon, 03/23/2015 - 22:55 | 5920502 FreeShitter
FreeShitter's picture

Horrey Fuk

Mon, 03/23/2015 - 23:01 | 5920515 OldPhart
OldPhart's picture

And the required "Sum Ting Wong"

Mon, 03/23/2015 - 23:04 | 5920518 Publicus
Publicus's picture

Time for war. A trillion yuan stimulus to build a thousand nuclear missles.

Mon, 03/23/2015 - 23:15 | 5920546 Pool Shark
Pool Shark's picture

 

 

Excuse me, but if you wish to avoid copyright infringement, the proper usage is:

 

Worst Since Lehman®©™


Tue, 03/24/2015 - 00:17 | 5920681 zilztrain
zilztrain's picture

I'm sorry, but we prefer "Lehperson".

Tue, 03/24/2015 - 01:08 | 5920732 CapnJackDaniel
CapnJackDaniel's picture

This is the worst use of "Worst since Lehman", since Lehman.

Tue, 03/24/2015 - 01:20 | 5920741 boogerbently
boogerbently's picture

Yeah,

They'll be a MUCH better choice as "World Reserve Currency".

Tue, 03/24/2015 - 06:32 | 5920967 GetZeeGold
GetZeeGold's picture

 

 

Lehman who?

Tue, 03/24/2015 - 03:03 | 5920825 ebworthen
ebworthen's picture

Funny how they have the same decreasing ball bounce from progressive QE's that the U.S., Europe, and Japan have.

Mon, 03/23/2015 - 23:55 | 5920618 MrTouchdown
MrTouchdown's picture

Don't worry scrot! The official Chinese figures will make everything OK again. If you put all of their graphs together in a certain way, you will see the Unicorn of Prosperity (or you will be taken to re-education camp).

Mon, 03/23/2015 - 23:49 | 5920601 jal
jal's picture

The firing squad fixes all problems.

Tue, 03/24/2015 - 06:47 | 5920977 Tall Tom
Tall Tom's picture

Lethal Injection with Organ Harvesting may yield revenue.

 

Firing Squads are a waste.

Mon, 03/23/2015 - 23:49 | 5920602 one_hundred
one_hundred's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/ezLA00

Tue, 03/24/2015 - 01:37 | 5920761 Automatic Choke
Automatic Choke's picture

hey, one_hundred -

go sell this in china, it sounds like there might be a better market there.

Tue, 03/24/2015 - 06:49 | 5920980 Tall Tom
Tall Tom's picture

What? You are stealing my idea of lethally injecting people and selling their organs online?

 

You must be from China

Mon, 03/23/2015 - 23:54 | 5920616 Laowei Gweilo
Laowei Gweilo's picture

chinese don't have trouble pronouncing 'R's, retard

Tue, 03/24/2015 - 01:44 | 5920769 Dollarmedes
Dollarmedes's picture

Don't you mean Letard?

Tue, 03/24/2015 - 04:08 | 5920871 HolyfieldsOtherEar
HolyfieldsOtherEar's picture

I find your comment lisible.

Tue, 03/24/2015 - 05:29 | 5920925 Your guess is a...
Your guess is as good as mine's picture

Das Lacist!

Tue, 03/24/2015 - 08:33 | 5921159 roddy6667
roddy6667's picture

You can make a Chinese person have a seizure by asking him to pronounce "brake fluid". The best they can do is "bway foo".

And skip the down votes. I live in China and volunteer teach English. R' and L's are a big hurdle.

Tue, 03/24/2015 - 09:01 | 5921213 Apostate2
Apostate2's picture

The 'L' is not a problem 'Mr Teach English in China' but the the 'R" is a cross between the English 'R' and the "y" glottal. 

I don't know where (if) you are teaching English in China but get the wax out of your ears.

Tue, 03/24/2015 - 18:25 | 5923155 roddy6667
roddy6667's picture

I teach the proper English pronunciation, which does not have an exact match in Chinese. That's why they have a problem with it. In other words, what I said.

BTW, show them a Rolex or a picture of one and ask what it is. they will say "Lorex".

In other words, what I said.

Tue, 03/24/2015 - 11:34 | 5921747 PTR
PTR's picture

We tongue-twisted some folks.

Tue, 03/24/2015 - 04:06 | 5920868 HolyfieldsOtherEar
HolyfieldsOtherEar's picture

Poor ritter me.

Mon, 03/23/2015 - 23:00 | 5920513 BullyBearish
BullyBearish's picture

No impact...it's got to be much BIGGER than this

Mon, 03/23/2015 - 23:21 | 5920551 TruthInSunshine
TruthInSunshine's picture

Nope.

There's a reason China dripped this partial 411 as to their deteriorating economy.

They intentionally released a partial truth of their actually real degradation for a purposeful reason (things are far worse than what they're revealing- FAR WORSE - but still).

This is a big development.

We're now in the shit in terms of the global economy in a way we have not been since 2008.

China's crashing exports can be felt & seen in a very real, very profound way.

This is a big, big development.

Mon, 03/23/2015 - 23:28 | 5920566 NoDebt
NoDebt's picture

TIS-  If you tell anyone I'm agreeing with you, I'll deny it.  But I'm agreeing with you.

It is not small.  I has not just been happening in the last month or two.  

Mon, 03/23/2015 - 23:50 | 5920603 Soul Glow
Soul Glow's picture

Hey, China's ghost cities are bullish!

Tue, 03/24/2015 - 00:32 | 5920701 HardlyZero
HardlyZero's picture

Reducing Chinese Oil imports...shrinkage.

Hory Shit !! 

Just as Global Oil Glut Deepens, China Cuts Oil Imports

http://wolfstreet.com/2015/03/20/global-oil-glut-deepens-china-to-cut-oi...

Tue, 03/24/2015 - 01:22 | 5920743 boogerbently
boogerbently's picture

Greece wants to be commie anyway, so, let's move them to those ghost cities in China.

Problem solved.

Tue, 03/24/2015 - 00:47 | 5920716 Harbanger
Harbanger's picture

I love all this theater.  Fools looking for reasons.

Tue, 03/24/2015 - 08:14 | 5921108 new game
new game's picture

liars lie and the msm repeats til it is the new belief. eventually the real numbers are unavoidable. but it buys time to distort the reality of their lies. in the mean time

we get to speculate on the truth...

Mon, 03/23/2015 - 23:03 | 5920517 yrad
yrad's picture

Numbers...China...lol

Mon, 03/23/2015 - 23:07 | 5920525 Dead Canary
Dead Canary's picture

Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha!

I know right! Ha, ha, ha, ha, ha, ha.

Chinese.....   Ha, ha, ha, ha, ha, ha.

Numbers.....  He, he, he.

Stop. STOP!  Yur killin me here!

Mon, 03/23/2015 - 23:07 | 5920526 iofera
iofera's picture

Folks like to pretend China's got everything planned out. A new gold currency, high single-digit growth, $4 trillion of currency reserves, etc. After all, isn't China just one big miracle for the world to emulate?! But China's got plenty of problems of its own to deal with and may well have to spend down a lot of those reserves to tamp this down.

Mon, 03/23/2015 - 23:15 | 5920548 Salah
Salah's picture

Exactomundo. China is in world-o-shit from a cosmic perspective.  Per Mao's founding, transiting Pluto just now in natal #2 (portable wealth), derived #5 (speculation), Saturn later in 2015 goes into natal #1 (self-confidence), derived #4 (real estate).  Things will get very messy.

Tue, 03/24/2015 - 05:18 | 5920916 Squid-puppets a...
Squid-puppets a-go-go's picture

Remember folks... in the depression, america crashed with europe - even though America was the creditor to europe.who emerged global hegemon after WW2?  The creditor - America

China is in a world of hurt but if there's anything left after the next war, china is likely to be the stronger

Tue, 03/24/2015 - 00:38 | 5920708 HardlyZero
HardlyZero's picture

we all have missiles of many kinds, grasshopper.

China has plenty of economic ammo to roil the markets for the next 10 years.

Expect sparks...then fireworks.

 

If they could just release some really really bad numbers that would collapse the entire fiat structure.

Who runs bartertown ?   

Who makes join the China Infrastrucutre Fund.

Who blinks ?

Tue, 03/24/2015 - 07:09 | 5921008 Tall Tom
Tall Tom's picture

He will not debate.

 

He just does not get it.

 

I write the responses for the rest of you...who actually have a brain.

 

Yeah. If bartertown collapses then we are all  fucked.

 

As the USA is a debtor nation we cannot handle a Deflationary Depression. Our Government becomes insolvent and bankrupt if we decide to save the US Dollar.

 

China will go into a Deflationary Depression as they hold the credit and we will print ourselves into a Hyperinflationary hell in order to pay the US Government's Financial Obligatrions, destroying the US Dollar in the process.

 

That means that EVERY Nation's Central Bank that has Dollars in reserve is fucked. It will be a cascading Daisy Chain of insolvencies.

 

The consequences of a Global Reserve Currency undergoing a Hyperinflationary inferno has not yet been experienced.

 

We are about to experience that pain.

 

We will live in interesting times.

 

 

Tue, 03/24/2015 - 06:54 | 5920985 Tall Tom
Tall Tom's picture

And just where will they liquidate their $1 Trillion in US Government Bonds, Amerikan Patriot?

 

What will that do to the US Bond Market?

 

Can you think past your nose?...For once?

Tue, 03/24/2015 - 08:20 | 5921120 new game
new game's picture

what you suggest is fuck yourself over by fucking usa and in turn fuck thyself.

ever read what you write? china is boxed in a corner too. their real problems are clean air and water...

Tue, 03/24/2015 - 08:36 | 5921167 roddy6667
roddy6667's picture

They are making progress. Do you remember how bad the rivers and air were in the Fifties and Sixties in America? Back when we had the industry to make the dirt?

I didn't think so.

So many critics have only a 10 year memory.

Tue, 03/24/2015 - 09:45 | 5921346 Apostate2
Apostate2's picture

Then explain why they opted for regressive and outdated technologies in the 1990s?

Tue, 03/24/2015 - 11:25 | 5921687 Tall Tom
Tall Tom's picture

New Game...I am not suggesting anything like that...at all.

 

In fact I know that China is in between a rock and a hard place.

 

What I am writing is that if China falls then so does the USA.

 

That is just the fact.

 

I am not cheerleading that. (Amerikan Patriot is cheerleading the collapse of China,on the otherhand.)

Mon, 03/23/2015 - 23:08 | 5920532 I Write Code
I Write Code's picture

US rail stocks were down today, too.

Mon, 03/23/2015 - 23:18 | 5920556 Dead Canary
Dead Canary's picture

AND Baltic dry is in the gutter. Wait, I...I think I see a pattern here.

Mon, 03/23/2015 - 23:52 | 5920604 He_Who Carried ...
He_Who Carried The Sun's picture

Nice! Uber Vandal, thx for posting these links.

I have said it b4, the BD index lost its predictive

value quite some time ago!

 

Tue, 03/24/2015 - 05:20 | 5920919 Squid-puppets a...
Squid-puppets a-go-go's picture

damn, hewhocarriedthesun, careful bandying that avatar around... those nipples could poke a man's eyes out

Tue, 03/24/2015 - 06:37 | 5920969 GetZeeGold
GetZeeGold's picture

 

 

AND Baltic dry is in the gutter.

 

This recoveryTM....is gonna kill us.

Tue, 03/24/2015 - 00:06 | 5920646 TruthInSunshine
TruthInSunshine's picture

Data regarding interstate shipping via trucks & railway within the U.S. is an entirely different animal than international cargo carrier exports from export-intensive nations such as China, Korea, Germany, Japan, etc., using monster cargo shipping on the high seas.

You're comparing Washington state apples and Mandarin oranges.

Tue, 03/24/2015 - 01:39 | 5920762 Automatic Choke
Automatic Choke's picture

but it's still the worst since Lehman, right?

Mon, 03/23/2015 - 23:10 | 5920536 iofera
iofera's picture

China needs consultations with its best friend and economic wizard to the north, Vladimir.

Vladimir, that silly goose, he'll show China how to price fix some stuff (like vodka). 

Tue, 03/24/2015 - 00:00 | 5920633 datura
datura's picture

Well, perhaps yes:-) The Russian economy rebounds now. Surprise? Their economy is obviously much healthier and in a much better shape than the West expected. Investors are now flocking to Russia. Surprise again? I think the whole world will be very surprised, what Russia can do. An interesting excerpt for all those who are still biased towards Russia: "The Western view of Russia is that Russia somehow lost its bearings and became diverted from its supposedly natural course, which would have ended with it becoming a liberal democracy in alignment with the West, by adopting instead a non-Western course, which led it away from the West.  By definition that means that Russia today cannot be a democracy since, according to Western ideology, "democracies" automatically align with the West and do not distance themselves from it.  Since the West is ideologically incapable of accepting it had any part in this outcome, or that a country like Russia might choose a non-Western alignment of its own choice, it is obliged to look for a villain upon whom to put all the blame.  In Russia’s case it is the country’s longstanding leader: Vladimir Putin. Since the West cannot accept that a country that chooses a non-Western path can be a democracy, it also cannot accept that such a country can also be successful and happy.  Instead the West assumes the "Russian autocracy" is corrupt and selfish, lacks political legitimacy, enjoys fragile popular support, and has an economy that is badly run, is inefficient and one-dimensional and depends entirely on oil and gas revenues. The West imposed sanctions on Russia assuming the country is economically weak.  It supposed that the sanctions would devastate the economy and that this would in turn trigger a popular revolt against Putin that would either cause his overthrow or which would force him to change his Ukrainian policy. The West assumes this revolt will be led by Russia’s business leaders, who in the West are always called "oligarchs" (though there is no evidence any of them actually possess any political power in Russia and are in any true sense "oligarchs"). These business leaders or "oligarchs" are supposed to carry out their coup in alliance with pro-Western liberal politicians within the government and with certain pro-Western political activists outside the government who previously headed the Moscow protests of 2011 and 2012.  The latter are in reality marginal figures but mainstream Western opinion has never accepted this and continues to believe them to be far more important and influential than they really are.

In the event, what has actually happened in Russia since the sanctions were imposed is the exact opposite of what the West expected. Putin has not changed his Ukrainian policy.  Nor has he come under any pressure in Russia to do so.  Far from the sanctions causing the elite to fracture and to plot a coup against him the elite has instead consolidated around him. Not a single member of the government or of the business community has broken ranks to call publicly for a change of policy or of government.  Putin’s popular support meanwhile has hit unprecedented levels.  Most alarming and baffling of all, instead of collapsing under the weight of sanctions and of the oil price fall as the West expected, Russia’s economy is rebounding." 

Tue, 03/24/2015 - 00:23 | 5920689 Augustus
Augustus's picture

"Instead the West assumes the "Russian autocracy" is corrupt and selfish, lacks political legitimacy, enjoys fragile popular support, and has an economy that is badly run, is inefficient and one-dimensional and depends entirely on oil and gas revenues.

 

Well, every bit of that is true.  Economy is contracting, oligarchs have more power, no press freedom, Puutie revealed to be an expansion minded totalitarian. 

What does the job of Paid Puutie Puppy pay?

Tue, 03/24/2015 - 01:02 | 5920727 datura
datura's picture

Well, judging by your last sentence, you are just a troll, because trolls usually talk like little children:-) Cute, really. Perhaps because they have no real arguments and cannot talk like adults. Can you also say some nursery rhymes? I bet you would be good at it.

Tue, 03/24/2015 - 03:45 | 5920857 Augustus
Augustus's picture

Judging by your entire comment, you are just an idiot.  Perhaps because all of the facts show that your boy Puutie is nuts for nukes you need to get a pay raise.

Tue, 03/24/2015 - 01:27 | 5920747 sun tzu
sun tzu's picture

Go suck on 0bunghole's balls and come up with something better. 

Tue, 03/24/2015 - 03:49 | 5920859 Augustus
Augustus's picture

I had read on ZH that your favorite president ever, Obunghole, did not have balls.  I will accept that you have verified that there are two since you sued "balls", a plural form.  How was the nut nuzzle session?

Mon, 03/23/2015 - 23:18 | 5920549 Never One Roach
Never One Roach's picture

Streets of Guangzhou are getting mighty dangerous with thousands of unemployed peasants who moved there for jobs [now unemployed] and the 300,000 immigrants [most of whom have simply overstayed thier visa by years and will never go back to their native country on the Dark Continent].

The 'in thing' there is not the knockout punch [like in USA] but slashing yoru hand/wrist so you drop your purse/bag/whatever and they grab and run. My friend had to have several tendons in her hand repaired there from this. The doctors told her happens almost every day now.

 

It's a pot that's gonna boil over.

Tue, 03/24/2015 - 00:43 | 5920713 HardlyZero
HardlyZero's picture

Rat City.   It is the most survivable of the options...good in many ways.

https://www.youtube.com/watch?v=PSllJxIpDqw

Tue, 03/24/2015 - 00:45 | 5920714 disabledvet
disabledvet's picture

Step one instead of ass say bun like lick my buns or your a bun hole! Step two instead of ass say poo like eat my poo or poo is cool. Step three drop the t in bitch cuz bich is the word for her genorosity! Step four don't say fuck anymore just hold your breath and say "mmmmkay!"

Everybody!

It's easy, mmmkay!

Tue, 03/24/2015 - 07:12 | 5921015 Apostate2
Apostate2's picture

Well, small comfort but some people have disappeared. Police said organ flogging.

Tue, 03/24/2015 - 08:25 | 5921144 new game
new game's picture

now that is truely blood in the streets. never thought it would be that way.

hmmmm....

Tue, 03/24/2015 - 00:24 | 5920565 joego1
joego1's picture

Still shooting for that 7% growth.

Mon, 03/23/2015 - 23:45 | 5920594 Soul Glow
Soul Glow's picture

And the AIIB is the safest bank to invest in?  Bahahaha!  All falls down in a fiat economy.

Tue, 03/24/2015 - 00:15 | 5920672 Augustus
Augustus's picture

ZH had it headlined as Good News.

Mindless cheering from the puppies trained to yap when the dog whistle blows.

Tue, 03/24/2015 - 08:27 | 5921147 new game
new game's picture

yup, with caveot of hating mericas' policies of demise...

Mon, 03/23/2015 - 23:48 | 5920596 FieldingMellish
FieldingMellish's picture

Landing? Still falling by the looks of things.

Mon, 03/23/2015 - 23:50 | 5920605 holdbuysell
holdbuysell's picture

The recovery has never looked better....

Mon, 03/23/2015 - 23:54 | 5920615 holdbuysell
holdbuysell's picture

"The shadow of crisis has passed"...and infected China.

Tue, 03/24/2015 - 00:07 | 5920648 Bumbu Sauce
Bumbu Sauce's picture

What say you 50 cent bloggers?

Tue, 03/24/2015 - 03:50 | 5920667 Augustus
Augustus's picture

Seems as if China needs to start a new Asian International Bank to fund the bailouts.  Sure to be a success in building a loan portfolio.

Normal for the ZH crowd to cheer another bank with a ECB model. 

Tue, 03/24/2015 - 00:18 | 5920683 starman
starman's picture

Fortune cookies anyone? 

Tue, 03/24/2015 - 00:25 | 5920694 Augustus
Augustus's picture

Order whatever cookie you want.

You will get a Cow Pie, if anything.

Tue, 03/24/2015 - 00:31 | 5920699 Nobodys Safe
Nobodys Safe's picture

I haven't had good sex Since Lehman. Does that mean anything?

Tue, 03/24/2015 - 01:40 | 5920764 Automatic Choke
Automatic Choke's picture

it probably means your thingie is drying up.

Tue, 03/24/2015 - 03:04 | 5920827 OldPhart
OldPhart's picture

Last good sex was 2003 and didn't involve wife.  Butt I'll remembor it forever.

Tue, 03/24/2015 - 06:12 | 5920945 lakecity55
lakecity55's picture

Does rape count?

Those banksters raped me in 2008 and they try it every friggin' day since then.

Then I got some Au and Ag. It was like a cross to vampires!

They came back. "Time to bugger LC again!" I held up my Maple Leaf and they screamed in pain!

Now I wear a small gold maple leaf on a necklace and my butthole is no longer sore.

Tue, 03/24/2015 - 01:16 | 5920718 roddy6667
roddy6667's picture

The rail numbers are down for that period because it includes the Chinese New Year. The whole country shuts down for 10 days.

This article is bullshit.

Tue, 03/24/2015 - 01:55 | 5920779 kiwimail
kiwimail's picture

Did they not have a New Year holiday last year?  Must have skipped 2014!!!

Tue, 03/24/2015 - 02:57 | 5920821 TruthInSunshine
TruthInSunshine's picture

Not only that, but the data cited here is actually historically GOOD because Chinese New Year puts huge pressure on Chinese manufacturers to fulfil orders, carriers to ship goods, factories to run "flat out," etc., just prior to the actual holiday.

IOW, Chinese New Year creates a VERY BUSY & BUSTLING ECONOMIC FRENZY.

Examples:

"In the lead up to the holiday, factories run flat out to fill orders before shutting"

"It all means an annual headache for retailers and importers overseas who rely on China. Shipping companies warn customers that China’s transport and logistics networks are at capacity and their shipments must be at ports two weeks ahead of the holiday to stand a chance of getting on a boat before the country shuts down."

http://www.bostonglobe.com/business/2015/02/18/chinese-new-year-and-its-...

Tue, 03/24/2015 - 09:42 | 5921337 Apostate2
Apostate2's picture

'It's the largest annual human mass migration in the world, with more than 3 billion planned passenger trips.'

Yeah, all shut down

 

Tue, 03/24/2015 - 01:03 | 5920731 q99x2
q99x2's picture

Global cooling.

Tue, 03/24/2015 - 02:58 | 5920822 thestarl
thestarl's picture

Well the people with money in China already have a foot out the door with foreign property/Swiss bank accounts they know this thing's gunna go pear shaped?

Only a matter of when?

Tue, 03/24/2015 - 03:14 | 5920834 OldPhart
OldPhart's picture

My foot's out the door, channeling, chasing, it's out there dangling, waiting for something to rip it off.
MY foot, however, is tucked up my ass and will take a come along to pull out. I know this is going to go to shit, don't remind me of it or I'm going to go pussy,

Tue, 03/24/2015 - 03:47 | 5920858 praps
praps's picture

Hu Phlung Dung

Tue, 03/24/2015 - 03:59 | 5920865 MATA HAIRY
MATA HAIRY's picture

bullish

Tue, 03/24/2015 - 06:22 | 5920954 FreeNewEnergy
FreeNewEnergy's picture

The problem isn't China, it's us. The USA created the Chinese economy and now, since we're contracting, or, at best, not expanding, China gets it up the schwing-schwing.

The real problem - and I've been wrestling with this of late - is that we (anyone over the age of say, 35) allowed this to happen. An the older you are, the more guilty you are.

I did what I could, I guess, ran a newspaper back in the '80s, lots of satire, politics, money issues, and people liked it. Got shut down by Gannett (wonder why I don't like big corporations? Now you know). In the end, I could have and should have done more.

Is it too late? I think it is. 9/11 changed everything for the worse. More control, less privacy, higher taxes for incompetent government at all levels, bigger FSA, more theft by banks, fewer civil liberties, less recourse for grievances, more drones, more war, you get the drift.

I largely blame the Baby Boomers, but the Greatest Generation deserves a share as well. We all sucked off the government teat and played along as the US went from creditor to debtor to deadbeat, the phase we are now entering.

Money at 0% interest means what, exactly? That the money is worthless, and that concept is beginning to sink in. Was buying silver on ebay yesterday and noticed the number of sales for some items - and not cheapies - like 10oz silver bars. Huge numbers. Ordinary people getting out of dollars and who can blame them?

Swap your currency now. The dollar is wickedly overvalued. The Fed, et. al., is trying to paper it over, keep everything humming along, but it's a losing battle and I believe they know it and so do most of the pols in DC. If we make it to 2016 elections, I'll be shocked, but, I said that about 2012 back in 2009 and here we are. If the American public allows itself to get to the 2016 elections without significant reform of the process (the chances of that approaching ZERO), we will get what we deserve - capital controls turned all the way up, even more draconian laws, extreme violence in cities, much, much higher taxes, suspension of all civil rights.

It did not have to happen, but, the time to make a change of direction was in the 80s, not now. It is too late, and has been for probably 15 years. Whatever comes down the pike, I'll take my chances of surviving it over a junior congressman, for instance. Those types will be thrown to the masses like chum. Ain't gonna be pretty. Matter of fact, it's already pretty ugly.

Get gold (or silver) and get out, now, or suffer the consequences.

Tue, 03/24/2015 - 07:10 | 5920996 highly debtful
highly debtful's picture

Great post. But you're not exactly a believer in giving someone even the slightest ray of hope, are you?  

Tue, 03/24/2015 - 07:09 | 5920997 highly debtful
highly debtful's picture

Note to self: double post, dumbass.

Tue, 03/24/2015 - 08:21 | 5921129 booboo
booboo's picture

"Got shut down by Gannett"
Run through the mechanics of that if you don't mind. Guys with guns? Lawyer with check book? Or homo want ads dry up?

Tue, 03/24/2015 - 06:23 | 5920956 falga
falga's picture

why do you think Chinese buying houses in US, EU and Australia? bad air and bad water = bad economy...   Everyone in Asia is feeling the slow down in China

Tue, 03/24/2015 - 08:25 | 5921142 Apostate2
Apostate2's picture

Look up "Operation Fox Hunt'. The State will not rest.

Tue, 03/24/2015 - 06:25 | 5920958 falga
falga's picture

Last time I took a shower in Russia, the water was green and I developed a skin rash...

Tue, 03/24/2015 - 06:52 | 5920982 wagthetails
wagthetails's picture

You think China is any smarter the rest of world? Massive QE on tap.

Tue, 03/24/2015 - 06:59 | 5920994 donpaulo
donpaulo's picture

60% of Chinese Rail Traffic is used to carry Coal

Tue, 03/24/2015 - 08:44 | 5921179 corbeau
corbeau's picture

"..China lands hard.."

The dream of the american hungry chicken.

Tue, 03/24/2015 - 14:53 | 5922457 Magooo
Magooo's picture

"I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/ezLA00"

 

Someone needs to inform the labour department because they could use this to guarantee full employment at well-paid full time jobs.  

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