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International News Title: FROM CHINA: China passed the crisis outside the United States to be vigilant U.S. stocks plummeted on Thursday, the Dow fell more than 512 points, down 4.31%; the Nasdaq more than 5% decline, following the 2008 financial crisis since the largest single-day drop. We can not help but ask, the U.S. debt default crisis is not narrowly over? House and Senate have passed the U.S. debt limit of agreement, why the stock market slump?
In fact, to think carefully about the U.S. debt ceiling bill the following three main elements: three steps to improve debt ceiling, the range of one trillion yuan -2.4 2.1 trillion dollars; deficit must be cut $ 2.4 trillion, is now divided into three steps, and simultaneously raise the debt ceiling; silent and raise taxes on the rich. Look at these three points is very understand.
On the one hand, the largest ever Ponzi scheme will continue playing the U.S. national debt, but one day will leave the game. Now flies the first day, let off fifth, with Obama's words, "like the United States bankruptcy problems kicked in canned it, kicked over a year later on the road." Obviously, the U.S. debt problem had not yet resolved.
On the other hand, if the United States to reduce costs, reduce consumption, not increase taxes on the rich, not only the throttle open, it immediately showed deflation concerns. Specifically, the U.S. government's generous cuts in social welfare, medical and military spending, it means that with the military and arms-related industries need to layoffs and "downsizing", domestic consumption will continue to shrink in the short term. Only in the U.S. economy to stimulate domestic consumption and investment, when personal consumption spending fell for the government contract, the firm will then invest in a natural decline in the unemployment rate will continue to deteriorate. Consumer spending, investment and manufacturing will be presented with an exhausted state, the property market "stumble endlessly," is even more endless. Should U.S. economic growth could not find a new impetus, no doubt once again into recession, recession may be worse than 2008.
The United States will fall into a longer recession, coupled with the debt crisis matters worse, the stock market can not fall it?
In addition, the U.S. debt limit major tax increases in the project agreement, not to increase taxes on the rich. This is actually the expense of the interests of American middle and lower classes, making a large middle and lower class income decline further. The United States is rich with the largest ethnic group of U.S. debt, not only does the U.S. debt default, has raised the ceiling, and does not tax the rich, so rich and the poor status of the United States intensified. When wealth is increasingly concentrated in a few hands, the productivity will be significantly lower than the majority of the people's spending power, the formation of excess capacity. Goods can not be honored, the United States on the root causes of the Great Depression. Unfortunately, this situation now repeated.
However, we must clearly recognize that, although the United States will face the Great Depression, but it is still the world's most powerful, it is because:
First, the U.S. is still a solid basis, is one of the world's richest countries.�07; In addition to advanced technology and a strong military, the United States the amount of storage a day of oil, forests and a variety of resources and exploitation of their resource base is not (first use someone else's hidden);
Second, the U.S. wealth rests in the hands of a few. In fact, more than 70 percent of U.S. Treasury bonds held by the United States in the hands of the rich, as long as the Nordic levy high taxes on the rich, debt is no problem;
Third, the U.S. science and technology and art of the attraction of talent, still maintain the world's first. This makes the U.S. the global leader in technological innovation, although the huge military spending, but its military to civilian use of new technology will soon be able to;
Fourth, followed by the U.S. deflation or even a depression, just to be regulated appropriately, the long term is an adjustment to the United States, can be described as a respite.
After all, America's "disease" is trauma, recovery is only a matter of time. Ç68; Once the rich are willing to compromise, is the ability to heal the U.S. economy will soon recover.
For the global economy, many European governments have been forced to slash spending and debt reduction, economic growth stagnated. In other words, the EU multi-national in the next period of time, economic performance will be subject to the austerity involved, if not falling into recession, it is difficult to have strong growth performance.
The loss of the United States, the economic engine of global economic growth and recession inevitably moving towards low. Growth of hot emerging economies boom unsustainable, especially those dependent on export-led economic growth countries headache. Note that the United States every crisis, and eventually spent by the outward shift. The last time was passed in Japan, now the goal is clearly China. China needs to be highly vigilant, and prepared to deal with worst-case preparations.
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#1. To: A K A Stone (#0)
The Problem: Once Everyone knows it's a PONZI, and long before that, btw...just sayin'... It's Over. Nothing 'continues' after that, except RePo's....;}
Corporations least affected....BUWHAHAHAHAHAHAHA 8D The shite Bloomberg's putting out now doesn't even pass the Laugh Test... Send in the Military....they've got Tons of $$$. Ask the North Koreans.. They make as good a $ as we do....LMFAO
This article is from China not bloomberg. I had google translate it myself.
#4. To: A K A Stone (#3)
Doesn't matter. China's as delusional as the US. See 'China buries crashed Rail Cars. Then digs them back up after outrage' for details. False Flags ready for tomorrow....;} Monday & Friday being travel days....8D
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