Economic Storm Warning: It’s the End of an Empire as China’s Economy Teeters on the Edge of Collapse

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[VERITASPUREBLOOD]

as a owner operator truck driver I've seen freight collapse by 60%, something big is happening

[andrewf-gysv]

The markets are so massively manipulated to the upside. The charts don’t reflect reality, especially in this post-truth era.

[stephenloy]

when empires are at trouble at home, they must cause trouble abroad

[hillsong]

Powell was very clear - targeted 6 to 8% unemployment. He has never waivered from that. The Fed does not care if you are out of work- in fact they prefer it.

[ronjarman]

So we have two Empires collapsing at once

[FREEDOM]

How can a country survive when citizens can’t own land!

[rondye]

Not just unemployment fear driving the economy lower, people refinancing their homes to take out equity has stopped as home prices are no longer climbing. Recently realized friends (70-75 age group) had been doing this in Las Vegas as home prices were skyrocketing. Now attempting to sell they are way upside down. Unfortunately they can no longer afford the payments at this level and cannot sell. Hopefully they will be happy living in the new Mercedes and Jaguar.

[stripeycat]

Thanks Steve love your content. Just want to support the show. Keep it coming!

[vwbustube]

The "pandemic money" was spent in the first week of the pandemic. The ongoing, residual forms of "income" have slowly been reduced, but were only being stretched to pay regular bills in the first place.

[JamesBond-vgwz]

In the end it all counts for nothing..You cant win for losing..Heads they win..Tails you lose..ALWAYS

[zofe]

No, it is rather the Western economy teetering on the verge of collapse.

[Blacknight-]

The United States relies almost entirely on China for its ammunitions. Yes, that is right. The US needs China, a country that it increasingly sees as a threat to its global pre-eminence, to keep its ammunition production going.Jun 14, 2022

[erongi]

The data confuses me. The official manufacturing PMI for May fell but the the Caixin China General Manufacturing PMI in May grew 1.4 points from the previous month to 50.9, returning to expansion as both supply and demand picked up.

[wymandyer]

5000yr old and today youre predicting their end? oh brother

[absolute___zero]

I am seeing a spike in EURUSD on Fed-ECB meeting dates. Gold and oil would jump up a lot, so the stocks. Time to short stocks only after Thursday 15 Jun

[gunfunandstuff]

Whole world econ is like Jenga.... you know it'll come crashing down, but no one really knows which piece it'll be that causes it.

[LaughitOff]

And our stock market continues to rise. What, why and how?

[danfarrand]

What makes you think China thinks that the function of the economy is to keep consumers happy ? Perhaps China places a higher national priority on something other than the economy. The US is attacking China economically using Chinas dependence on western demand to harm it? Why would you think that would not have an impact and why would you think China considers that war more important than their consumer economy ?

[utkbyuca]

Shanghai looks like SF downtown. Many stores closed.

[imbonkers]

Eu entered recession today, uk n usa if they stopped printing would be in a recession, so China is a big exporter and it’s biggest clients, THE WEST are broke 🙈