The following video is brought to you courtesy of the Epic Economist YouTube Channel. Click the video below to watch it now.
I have been warning for years that the greatest and final economic collapse in this century, would be China. Now that cracks in the great red dragon’s economy are widening, it’s time to prepare for the China’s Yuan crash and The Great Depression In China.
China has a unique, state-driven model of capitalism that clueless economists have hailed as the “new model for economic success.” But I say China’s yuan (and economy) will fail drastically, proving once and for all that government-planned economies do not work as well as free market capitalism balanced by democracy. Every indicator of economic health in China is down. On top of Apple’s slumping sales here, car sales have plunged for the first time in 20 years. Property sales, housing construction, foreign investment, December imports and exports are all slowing. And the job market has gotten a lot tougher.
Chinese policymakers are struggling to turn around the rapidly weakening economy, the world’s second largest, with growth in 2018 at its lowest rate for 28 years. And the government, showing its alarm, has been censoring bad news about the imminent economic collapse for months.
A raft of bad financial data in recent weeks suggests the turnaround efforts so far have not worked, raising alarm about how bad things might get — especially if the trade war with the United States drags on. China’s economic woes, along with a worrying decline in European manufacturing, have sparked fears of a global economic collapse.
There is no way this can end any way other than very, very badly. The question is: when will an economic collapse come? The answer is, sadly: sooner than you’d like.
I expect major problems in China likely by the summer or fall.
When the economic collapse and china’s yuan crash will occur, there won’t be an effective help from the U.S., Europe, or Japan, and it will shocking the whole world. It will make the U.S. financial crisis look like a Sunday afternoon picnic.
Here are the ten signs the end is near…
Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA
Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.
Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
Anything that is said on the video is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.
Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.