superunknown23
Superstar
them BRICS fans
China to lay off five to six million workers, earmarks at least $23 billion
- Thread starter MajorVitaman
- Start date
Red Shield
Global Domination
Yea... no doubt. But I think China will be able to weather the storm. They have been stockpiling a shytload of gold.
Obvious where all of this shyt globally is really headed
88m3
Fast Money & Foreign Objects
88m3
Fast Money & Foreign Objects
ADevilYouKhow
Rhyme Reason
Mr.Big Meat McGee
All Star
A lot of their laws need to be reformed.
MrSinnister
Delete account when possible.
Get your puts ready. Sugar high SPY to 204, then all hell breaks loose. The Chinese are massive importers, and all of that lack of buying power is going to damage the global economy more.
Along with another currency devaluation, Chinese eventual market crash that may take 60-75% worth of the current market value back, they were the main ones buying most of the commodities. The flattening of those is going to send global shockwaves as well. I don't know what happened to these fukkers. I mean, it looked like they were just cruising to get in front of us, making deals with Russia and ME for cheap oil and natural gas.
It can't be this dire over there, as they have a pretty planned system. The only thing I can see is quantitative easing, and the central banks fukked them up, along with slave wages for those at the bottom. Again, you don't win with trickle down economics....EVER! If you never address the demand, you will always oversupply yourself and have huge markdowns and waste of productivity. Stop trying to argue it and learn it.
Along with another currency devaluation, Chinese eventual market crash that may take 60-75% worth of the current market value back, they were the main ones buying most of the commodities. The flattening of those is going to send global shockwaves as well. I don't know what happened to these fukkers. I mean, it looked like they were just cruising to get in front of us, making deals with Russia and ME for cheap oil and natural gas.
It can't be this dire over there, as they have a pretty planned system. The only thing I can see is quantitative easing, and the central banks fukked them up, along with slave wages for those at the bottom. Again, you don't win with trickle down economics....EVER! If you never address the demand, you will always oversupply yourself and have huge markdowns and waste of productivity. Stop trying to argue it and learn it.
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MrSinnister
Delete account when possible.
Looks like two down, India is currently irrelevant, but holding a lot of gold, so appreciation could help them. Russia is one the brink of collapse or stimulus, depending on the fate of the EU and Brexit. Hate to say it, but it's our fault.them BRICS fans
Red Shield
Global Domination
the usa ain't the only place with a rustbelt.
China govt will kill off 5-6 million people before they let that happen. They are still pissed off about Hong Kong my g.
We have been overdue for a global recession...... looking forward to picking up cheeeaaap cheeeeaaap utility stocks
Bruh their whole economy is built on credit and keeping up appearances. They have like 50 ghost cities
A fake NYC, a fake Paris, huge shopping malls that sit empty that were built on loans. We already saw it with their essentially defunct stock market.... now the rest of the economy is going with it.And the shock waves will be huge. Like u said they import a lot. Countries that sent them commodities are already reeling. The global auto industry has banked damn near everything on China as well.
Couple those acute issues with chronic ones- the air is literally killing people off in China, and they completely destroyed their future demographics with that one child stupidity. Govt is struggling to contain all the unrest as well.... a totalitarian regime like theirs can only work if everybody is eating. China did too much too quickly and got off on the wrong foot... chickens are coming home to roost my breh
MajorVitaman
Superstar
MrSinnister
Delete account when possible.
China has the biggest rust belt on the planet. The sky is literally dark. They cleaned up some for the Olympics and it was still fukked and no one wanted to go. It was all good when everyone in the market felt China was going to start feeding the world soon, but they cook the books too much, and you can't really trust them until shyt gets real...which its about to be.the usa ain't the only place with a rustbelt.
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The fall of china is near
Hopefully african leaders stop dealing with china after hearing about this
