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Archive for November 5th, 2009

Here is an interresting observation from Pravda.

“It is becoming more and more evident, to the astute observer of realistic economics, that the second dip in the “W” global recession is coming up quickly. This is of course, identical to what took place between the 1929 collapse and the 1931 final landing. The world economy fell hard, bounced high and than fell into a deep black hole, that it took it thirty years to climb out of. This time will be worse, at least for the Anglos and more specifically the Americans.

The signs are everywhere: massive government stimulus (read money printing) whose only obvious effects have been on the stock markets around the world (again, just like in 1930), continued increases in global unemployment and thus a collapse in global goods demand, instability and a free fall in the shipping indexes. That is correct, it is not just the Baltic Dry Index, which is once again in a free fall, now that the Chinese have stopped hording iron ore, but also the various other indexes, including Chinese ones.

That is a sign of real doom, not only for China, but for many others. The fact that containers of goods are not moving out of China, in September and October, regardless that the Chinese stimulus has kept its factories producing as if nothing is wrong, means that the holiday shopping season will be empty and hallow, just like the Anglo mantra of recovery. Sure, France and Germany are out of recession and Russia and Italy are both heading out too, but that is because they have done the exact opposite of the Anglos, by cutting taxes, controlling spending, putting down real hard infrastructural investments and projects without tying them in courts and hearings for years, cutting regulations while avoiding nationalizations, in other words the smart moves vs the Anglos dumb ones. The Anglos, specifically America and England and to a lesser degree, Canada, have done the opposite on all accounts, regardless of warnings. No amount of Hopy-Changy media Zombies will change the inevitable out come.”

Read the full article here.

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