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China defaults and defers on purchasing raw materials/ cargo

Posted 5/21/2012 at 12:20:30 AM

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"Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets"

http://www.cnbc.com/id/47498211

The worlds largest producing nation defaulting and deferring on cargo's, is a sure sign of the deflationary global depression that is coming... China can't be producing much these days, because they no longer have ANY market for their goods.. I used to think this collapse would be hyper-inflationary, but the closer we get to it, it's clearly going in a deflationary direction..


This will be just like the last collapse, the great depression..

The falling prices of things all around you, like oil, scream deflation is HERE, everything is dropping in value! and the few things that aren't dropping are finding they have no more consumers, like stocks.. For proof no one is buying stocks just look at the facebook trainwreck.. Where facebook had to buy there own stock to keep prices from plunging

http://www.google.com/search?q=facebook+buys+facebooks+stock+to+keep+prices+from+plunging&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a


http://video.foxbusiness.com/v/1000898183001/why-are-entrepreneurs-leaving-china

http://ftalphaville.ft.com/blog/2012/05/16/1002881/what-happens-if-the-chinese-government-cracks-down-on-all-copper-%E2%80%98financing-deals%E2%80%99/


LOL! The ship is going down now, and the people are tired of playing the game NOW is the time to get the fuck out of the markets and keep take your money and buy the things you will need to weather the coming storm




the titanic is going down! and ANYONE who can't believe it has NONE of the facts on their side
http://theeconomiccollapseblog.com/archives/18-signs-that-the-banking-crisis-in-europe-has-just-gone-from-bad-to-worse

China's market is gone! So now China will go down too!



-- Modified on 5/21/2012 3:18:07 AM

Related Link: http://www.forbes.com/sites/gordonchang/2011/06/05/chinese-entrepreneurs-are-leaving-china/

 

Posted 5/21/2012 at 4:57:54 AM

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and gas is tanking, not because Obama deserves praise, like you think, but because of DEFLATION...

ALL you can do is act like a moron... This is the beginning, not the end

 

Posted 5/21/2012 at 5:48:57 AM

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willywonka4u
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...at the same time that there was an annular eclipse of the sun?

THE END IS COMING!
THE END IS COMING!
RUN FOR YOUR LIVES!!!!!

-- Modified on 5/21/2012 5:54:00 AM



Related Link: the sun is eclipsed by the....

 

Posted 5/21/2012 at 8:02:18 AM

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willywonka4u
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Yes, gas prices are going down because of deflation. That explains why the CPI is slowly going up.

http://www.bls.gov/cpi/

Yes, gas prices going down have nothing to do with the fact that 1) we've fully switched over to summer formulas now, 2) some of the saber rattling towards Iran has died down, and 3) Obama threatened to go after the speculators driving up the price.



Related Link: The boy who cried....

 

Posted 5/21/2012 at 9:00:17 AM

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