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Probably not as long as it doesn’t f up supply chains. China is an exporter so it’s not like I’d the Chinese stop consuming it will wreck the EU and US economies. The demand for Chinese goods comes from the west so we will drive jobs for them.
At this point any government blaming inflation on supply chains problems is like saying large unicorns in the sky it was some what believable with the lockdowns but not now.
Basically none of these countries are in recession at this moment expect of Japan which is in economic trouble since 1993, when the Real estate bubble bursted. To be accurate for the third quarter of 2023 (July - September period) the real GDP expansion numbers for these countries are the following:
• United States : + 4.9%
• China : + 4.9%
• United Kingdom: + 0.6%
On the other hand those states posted negative GDP growth for the Q3 of 2023:
• Japan : - 2.1%
• Germany: - 0.4%
• Eurozone as a general: - 0.1%
• Canada: - 0.1%
Based on this figures there is not any chance of economic recession in the US, China even in the UK unlike Japan and in the Eurozone where the economic activity is in trouble for many reasons and circumstances.
Due to the manipulations by the masters of money and the consequences of usury (interest), there will always be economic ups and downs. Those who create the money tokens, by lending them into existence, never create the interest. So a portion of debtors will default. Bankruptcies and business busts are a sign of the insufficiency of the circulating medium ("capital").
In reality, prosperity is not based on “available capital” (scarce money tokens), but upon prodigious production of surplus usable goods and services, equitably traded and enjoyed. Doing more with less so more can enjoy is superior to doing less with more so few can enjoy.
Economies that can operate on barter would be immune to the money masters.
It is funny how people get hung up on fighting over the definition of the word recession. This is probably not technically a recession. However the economy is clearly in a funk. Call it whatever you want to but people are seeing that they cannot afford things that they could afford a few years ago. Their young adult children cannot seem to make ends meet. There are lots of jobs available, but few pay enough to live on. People cannot afford medical treatment. No one can find workers. Wealthy owners are making lots of money. Everyone else is watching their standard of living decline. Even highly paid people are feeling the pinch.
The government and the media love to point to twisted statistics and say everything is fine. We are doing better than ever. Everyone knows that is not true, but if they say it enough times, some people will begin to believe it. After all statistics never lie do they?
It is funny how people get hung up on fighting over the definition of the word recession. This is probably not technically a recession. However the economy is clearly in a funk. Call it whatever you want to but people are seeing that they cannot afford things that they could afford a few years ago. Their young adult children cannot seem to make ends meet. There are lots of jobs available, but few pay enough to live on. People cannot afford medical treatment. No one can find workers. Wealthy owners are making lots of money. Everyone else is watching their standard of living decline. Even highly paid people are feeling the pinch.
The government and the media love to point to twisted statistics and say everything is fine. We are doing better than ever. Everyone knows that is not true, but if they say it enough times, some people will begin to believe it. After all statistics never lie do they?
The government and the media love to point to twisted statistics and say everything is fine. We are doing better than ever. Everyone knows that is not true, but if they say it enough times, some people will begin to believe it. After all statistics never lie do they?
Well I don’t know if the government is lying or twisted statistics with GDP but many say the government is well twisted statistics with inflation and CPI numbers in the US.
Not sure what is happening to the currency in China and Japan what is going on with the currency why it is going down so fast. But the US currency is still doing really well compared to other countries.
Could China economic recession and Japan economic recession crash the world economy? I hear the major debt problem China and Japan have is massive and the government will never be able to pay of the debt and also the massive unemployment problem in both countries.
The currency is crashing in China and Japan not to say people can’t afford to buy things. And the government of China and government of Japan have a massive debt problem.
Why are countries like China and Japan in terrible spot today. I also hear the UK economic recession is terrifying with out of control inflation and energy criss and currency is crashing.
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Quote:
Originally Posted by Bubble99
.l.. the US currency is still doing really well compared to other countries.
+/-
this requires a fine balancing act.
High USA dollar messes with our exports, and the international revenue streams of USA based businesses with operations and customer base in those regions.
Generally a good time to leave the USA and travel internationally. Extra valuable, to be able to do it for an entire US election yr. (take a 1 yr sabbatical every 4 yrs,)
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(take a 1 yr sabbatical every 4 yrs,)
