it's not looking good for the world this year, if the economic doom gets too bad we'll see a big war.
To tell how hard its going to hit different places i think you probably need to look at how opulent the society is and who's got the ore and oil
reserves / factories.
maybe we'll get some shock science discovery or something which will solve all our problems, say -weren't robots going to be doing that?
Emerging Giants Russia, China, Brazil and India Looming Collapse 2009 , page 1
privacy
Topic started on 13-1-2009 @ 11:17 AM by Grock
Russia Smashed by Oil Price Collapse
Never in modern history has the success or failure of a major emerging economy been so dependent on one single commodity! And never before has that commodity fallen so far and so fast as Russian crude oil!
Russia does have other resource and revenue sources. But in just the past six months, Urals crude, Russia's primary export blend, has plunged from a high of nearly $141 per barrel to a low of a meager $32.34 — a 77% crash that's pounded Russian stocks like a sledgehammer and sliced through the Russian economy like a serrated sickle.
The big dilemma: To balance its federal budget, Russia must get a minimum of $70 per barrel for its crude oil. But at $32 and change, it's getting less than HALF that amount. The entire country is losing money hand over fist.
No wonder Russia's stock market has plunged 72%, forcing 25 separate stock exchange shutdowns!
China Far More Vulnerable Than Expected
China's extraordinary expansion of the past decade fueled booms in global trade, commodities and emerging markets. It was a major growth engine that turbo-charged Australia, Brazil, Southeast Asia and even Japan.
Now, however, that engine is grinding to a screeching halt. Indeed, when historians look back to major pivot points of this global economic crisis, they will undoubtedly point to the abrupt end of China's boom.
Many of us assumed that because China's economy was growing so quickly — at a breakneck pace of 10% or more per year — it could easily afford to slow down by a few percentage points and still be in far better shape than most other economies.
But now I seriously question that theory. Indeed, more often than not, companies, industries and entire nations that enjoy the biggest booms are also vulnerable to some of the biggest busts. Instead of a mere slowdown, as many still seem to expect, China's economy could suffer a wholesale collapse.
India , also heavily dependent on foreign demand for its goods, is suffering its worst export slump in recent memory. Overseas shipments plunged 12.1% in October and another 9.9% in November, forcing companies like Tata Motors, India's biggest truck maker, and Hyundai Motor to cut output, fire workers and shut down factories.
Brazil , which was growing at a record pace until the third quarter, has suddenly frozen in its tracks. Much of the foreign money it counted on has vanished, leaving acute capital shortages in its wake. Auto sales have gone dead, leaving biggest-ever inventories of unsold cars. Credit, abundantly available just a few months ago, is now gone.
Japan has been slammed by its worst recession since World War II … with stock prices plunging to new 18-year lows … industrial output suffering the largest monthly drop since records were kept … Toyota reporting its first loss in 70 years … layoff victims filling tent parks … and worse.
www.marketoracle.co.uk...
Buckle your seatbelts folks, and keep all extremeties inside the vehicle while in motion...
Never in modern history has the success or failure of a major emerging economy been so dependent on one single commodity! And never before has that commodity fallen so far and so fast as Russian crude oil!
Russia does have other resource and revenue sources. But in just the past six months, Urals crude, Russia's primary export blend, has plunged from a high of nearly $141 per barrel to a low of a meager $32.34 — a 77% crash that's pounded Russian stocks like a sledgehammer and sliced through the Russian economy like a serrated sickle.
The big dilemma: To balance its federal budget, Russia must get a minimum of $70 per barrel for its crude oil. But at $32 and change, it's getting less than HALF that amount. The entire country is losing money hand over fist.
No wonder Russia's stock market has plunged 72%, forcing 25 separate stock exchange shutdowns!
China Far More Vulnerable Than Expected
China's extraordinary expansion of the past decade fueled booms in global trade, commodities and emerging markets. It was a major growth engine that turbo-charged Australia, Brazil, Southeast Asia and even Japan.
Now, however, that engine is grinding to a screeching halt. Indeed, when historians look back to major pivot points of this global economic crisis, they will undoubtedly point to the abrupt end of China's boom.
Many of us assumed that because China's economy was growing so quickly — at a breakneck pace of 10% or more per year — it could easily afford to slow down by a few percentage points and still be in far better shape than most other economies.
But now I seriously question that theory. Indeed, more often than not, companies, industries and entire nations that enjoy the biggest booms are also vulnerable to some of the biggest busts. Instead of a mere slowdown, as many still seem to expect, China's economy could suffer a wholesale collapse.
India , also heavily dependent on foreign demand for its goods, is suffering its worst export slump in recent memory. Overseas shipments plunged 12.1% in October and another 9.9% in November, forcing companies like Tata Motors, India's biggest truck maker, and Hyundai Motor to cut output, fire workers and shut down factories.
Brazil , which was growing at a record pace until the third quarter, has suddenly frozen in its tracks. Much of the foreign money it counted on has vanished, leaving acute capital shortages in its wake. Auto sales have gone dead, leaving biggest-ever inventories of unsold cars. Credit, abundantly available just a few months ago, is now gone.
Japan has been slammed by its worst recession since World War II … with stock prices plunging to new 18-year lows … industrial output suffering the largest monthly drop since records were kept … Toyota reporting its first loss in 70 years … layoff victims filling tent parks … and worse.
www.marketoracle.co.uk...
Buckle your seatbelts folks, and keep all extremeties inside the vehicle while in motion...
reply posted on 27-1-2009 @ 01:43 AM by Agit8dChop
reply to post by burdman30ott6
There's a difference,
A good portion of blame rests on the United States for the state of this current 'pile of crap'
I think those who cheer on the collapse of the USA are sick of its leaders, and ignorant citizens declaring they are the kings of kings and that they can do no wrong.
Well, we are cheering it on because you can finally see your just as flawed as the little nations youve been manipulating and taking advantage of this past 70yrs
There's a difference,
A good portion of blame rests on the United States for the state of this current 'pile of crap'
I think those who cheer on the collapse of the USA are sick of its leaders, and ignorant citizens declaring they are the kings of kings and that they can do no wrong.
Well, we are cheering it on because you can finally see your just as flawed as the little nations youve been manipulating and taking advantage of this past 70yrs
reply posted on 27-1-2009 @ 02:18 AM by Common Good
reply to post by Agit8dChop
Cheering on the collapse of The United States Of America>?
HA!!!
I think you need to let go of the hate. It will do you no good.
I have no problem stating that I am American, I couldnt be any more proud that this is my land, these are my people, my family, my friends.
You think for one second people like you who wish us harm makes me lose any sleep at night?
.
You know why I dont worry about America bashers? Cause all they do is hate on something they will never know, something they wish they had so bad , but would never publicly state in their own neighborhood; until that one late day when nobody is watching. Thats when they jump on the first boat they can find.
So take your 'hate America' crap out of here, we dont care. If you hate us so bad, THAN DO SOMETHING ABOUT IT. Spread the word to your fellow America haters as well. We really dont care if you hate us or not, and thats the truth.
[edit on 27-1-2009 by Common Good]
Cheering on the collapse of The United States Of America>?
HA!!!
I think you need to let go of the hate. It will do you no good.
I have no problem stating that I am American, I couldnt be any more proud that this is my land, these are my people, my family, my friends.
You think for one second people like you who wish us harm makes me lose any sleep at night?
. You know why I dont worry about America bashers? Cause all they do is hate on something they will never know, something they wish they had so bad , but would never publicly state in their own neighborhood; until that one late day when nobody is watching. Thats when they jump on the first boat they can find.
So take your 'hate America' crap out of here, we dont care. If you hate us so bad, THAN DO SOMETHING ABOUT IT. Spread the word to your fellow America haters as well. We really dont care if you hate us or not, and thats the truth.
[edit on 27-1-2009 by Common Good]
reply posted on 27-1-2009 @ 04:42 AM by Agit8dChop
reply to post by Common Good
You must not of gotten the memo,
Posts are to reflect the topic, not the poster.
I merely stated that the reason people are cheering this on, is because they see that the United States GREED and globalistic approach is the reason everything turned backwards.
What was that old saying?
If the united states sneezes, the world catches a cold, which is the just case in terms of Russia, China, Brazil and India.
Not once did I speak of my 'hatred' for the US, I simply feel peoples anger TOWARDS the US is justified.
So grow up and debate the topic, not me!
You must not of gotten the memo,
Posts are to reflect the topic, not the poster.
I merely stated that the reason people are cheering this on, is because they see that the United States GREED and globalistic approach is the reason everything turned backwards.
What was that old saying?
If the united states sneezes, the world catches a cold, which is the just case in terms of Russia, China, Brazil and India.
Not once did I speak of my 'hatred' for the US, I simply feel peoples anger TOWARDS the US is justified.
So grow up and debate the topic, not me!
reply posted on 27-1-2009 @ 12:53 PM by Common Good
Originally posted by Agit8dChop
reply to post by burdman30ott6
Well, 'we' are cheering it on because you can finally see your just as flawed as the little nations youve been manipulating and taking advantage of this past 70yrs
Not once huh?
I think you might want to grow up yourself and take responsibility for your words. You are cheering on the collapse of the U.S yet you arent hating on us? I mean if I didnt hate someone, then I would never wish that they went through bad economical times ending in death, loss of property, hunger, and the list goes on. Why would you wish that on someone>? I wouldnt even wish that on my own enemies.
Its hard to have a "conversation" with someone that wishes you the worst.
Its funny, nowhere on the topic did it say America in it. But all of you haters out there always find a way to drag us into it. If you want to bash on America, then start a new thread called "Why I hate on America"
thanks.
reply posted on 27-1-2009 @ 01:43 PM by Rockpuck
reply to post by Agit8dChop
I would have to agree with you Agitated .. the image of the US, especially in the Third World has been dismal for decades now. And within the past 8 years we managed to get most of the Western World to hate us as well. I do like to think it's our government and our foreign policies they hate though.
I would have to agree with you Agitated .. the image of the US, especially in the Third World has been dismal for decades now. And within the past 8 years we managed to get most of the Western World to hate us as well. I do like to think it's our government and our foreign policies they hate though.
reply posted on 27-1-2009 @ 02:20 PM by Riviera
reply to post by Rockpuck
After milling around the idea for a while, I've come to the self same conclusion...it's our policies and government cronyism that the world hates. Americans are a mixed lot (myself included), we come from all graces of this world and eventually we are born American. I.e. I'm first generation making a career for myself in the U.S. but my sister was born here, we all immigrated and went through all the bells and whistles to become citizens.
The simple fact that the U.S. is a melting pot of all ethnic people is what makes it great and why I'm certain it's our policies that have made us the #1 Enemy to most of the world. Personally, countries such as China and India are hurting because the U.S. was their main importer, hell the Worlds main importer. What people forgot was what will happen when the Worlds Consumer stops consuming and realizes that they were misled and just followed along like a lemming.
As someone said; the U.S. is in a Depression but we also have a very large plot of land, air and water to use, with all the necessary resources to survive. We, like many countries and people will rebuild but it'll take a lot of work and seriously a lot of growing up being done by the politicians in charge. That and probably the removal of I'd say all of the idiots currently making policy, Obama has to be given a chance, Tzipira Livni has had her chance..her and Netanyahu need to GTFO.
After milling around the idea for a while, I've come to the self same conclusion...it's our policies and government cronyism that the world hates. Americans are a mixed lot (myself included), we come from all graces of this world and eventually we are born American. I.e. I'm first generation making a career for myself in the U.S. but my sister was born here, we all immigrated and went through all the bells and whistles to become citizens.
The simple fact that the U.S. is a melting pot of all ethnic people is what makes it great and why I'm certain it's our policies that have made us the #1 Enemy to most of the world. Personally, countries such as China and India are hurting because the U.S. was their main importer, hell the Worlds main importer. What people forgot was what will happen when the Worlds Consumer stops consuming and realizes that they were misled and just followed along like a lemming.
As someone said; the U.S. is in a Depression but we also have a very large plot of land, air and water to use, with all the necessary resources to survive. We, like many countries and people will rebuild but it'll take a lot of work and seriously a lot of growing up being done by the politicians in charge. That and probably the removal of I'd say all of the idiots currently making policy, Obama has to be given a chance, Tzipira Livni has had her chance..her and Netanyahu need to GTFO.
reply posted on 27-1-2009 @ 03:25 PM by dingleberry77
Originally posted by Agit8dChop
reply to post by burdman30ott6
I think those who cheer on the collapse of the USA are sick of its leaders, and ignorant citizens declaring they are the kings of kings and that they can do no wrong.
Well said. And before any American's get their nickers in a knot about comments like it, just think about it for a second. Don't be all arrogant about it. Learn from it. You have to realise that the world sees you as arrogant. Don't get more arrogant, learn why the rest of the world thinks like that.
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