By Regis Yates
Truth in Media — What’s REALLY happening in China
Recently in American mainstream media we have been told that China’s economy is on the decline, possibly facing a depression of sorts.
“Rarely have financial markets had a more traumatic start to the year. Shares plunged, the price of oil clattered to its lowest level in 11 years, trading on the Chinese stock market was halted twice, and the World Bank warned that a “perfect storm” might be brewing,” — according to the Guardian .
“The sinking value of the Chinese currency is already crippling British industry as it can’t compete with China’s cheap exports. Other Western nations are also feeling the strain. And with even more to come experts have predicted an ‘ice age’ for the world’s economies – including Britain’s.”- The outlet added.
The deceit continues with financial analyst Albert Edwards of the French Bank Societe Generale stating:
“Global deflation is going to wipe around 75 per cent in value off the American S&P stock market, as western firms will be unable to compete with cheap Chinese exports.”
As to other pushing misrepresentations — Express.co.uk notes:
“China is expected to spark a global financial ICE AGE sending markets crashing by 75%, which will purportedly also cause devastating consequences for the US and UK by 2017.”
“Investors and economists are becoming less optimistic about the global economy in 2016, partly because of concerns about China’s performance.” – LA Times reported.
Amidst all the chaos — the son of American film director, screenwriter, and producer Oliver Stone, — Sean Stone helps to disclose the truth behind China’s economy with American businessman, investor and author Jim Rogers. Rogers eloquently points out in the clip below how the Chinese stock market may have quite possibly slowed down — but has also managed to avoid a “recession” — despite reports in the US.
Notably, for the past 12 months China’s stock market “has out performed America by about 20%, its up about 17% and America is down 1-2%,” Rogers states.
Watch a clip of the Buzzsaw interview Below: