The Fall of China. There Will Be No Economic Recovery /video. [click on to image to enlarge]
No Immediate End to the
Market Plunge in Sight.
July 9, 2015.
This is a rather wonky but very educational talk by Stefan Molyneux of Freedomain Radio about economics and the current situation of the Chinese economy, in specific.
China just lost over $3 trillion of stock value. What does this means to you, your house, your money, your future and your chances for true economic and political freedom?
Despite a slowing economy and weak corporate earnings reports, the Chinese stock market more than doubled in value over the past year. Now, the stock market in China is in a freefall.
While the eyes of the world are on Greece and the European Union – it is China’s behemoth economy that is imploding.
The Shanghai Stock Exchange Composite Index has fallen 31.2% since June 12th, 2015. This is what wiped out over $3.2 trillion of the markets total value - and there seems to be no immediate end to the market plunge in sight.
Simon Black, of Sovereign Man says that all the bone-headed actions by the Chinese government and its Central Bank, to "stabilize" their economy have virtually guaranteed have failed so miserably that this has bought the US dollar another 5 years of relative confidence.
Stefan Molyneux, for his part stresses that you cannot sustain an economy based on fiat currency, as all that will result is a proliferation of never-ending bubbles, which inevitably pop.
Molyneux also offers some chilling insights into the recent hack, which caused a major security breach, by releasing the private records of essentially ALL US Government workers and what the impacts of this could be.
- See more at: http://www.forbiddenknowledgetv.com/videos/money/the-fall-of-china-there... MORE HERE:The Fall of China. There Will Be No Economic Recovery. Published on Jul 9, 2015.
China just lost over $3 trillion of stock value, what this means to you, your house, your money, your future and your chances for true economic and political freedom. - https://www.youtube.com/watch?v=zPdHAleapI0