21 New Numbers That Show That The Global Economy Is Absolutely Imploding

After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment.  But that does not mean that the crisis is over.  On the contrary, all of the hard economic numbers that are coming in from around the world tell us that the global economy is coming apart at the seams.  This is especially true when you look at global trade numbers.  The amount of stuff that is being bought, sold and shipped around the planet is falling precipitously.  So don’t be fooled if stocks go up one day or down the next.  The truth is that we are in the early chapters of a brand new economic meltdown, and I believe that all of the signs indicate that it will continue to get worse in the months ahead.  The following are 21 new numbers that show that the global economy is absolutely imploding…

#1 Chinese exports fell by 11.2 percent year over year in January.

#2 Chinese imports were even worse in January.  On a year over year basis, they declined a whopping 18.8 percent.

#3 It may be hard to believe, but Chinese imports have now plunged for 15 months in a row.

#4 In India, exports were down 13.6 percent on a year over year basis in January.

#5 In Japan, exports declined 8 percent in December on a year over year basis, while imports plummeted 18 percent.

#6 For the sixth time in six years, Japanese GDP growth has gone negative.

#7 In the United States, exports were down 7 percent on a year over year basis in December.

#8 U.S. factory orders have fallen for 14 months in a row.

#9 The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.

#10 This month the Baltic Dry Index fell below 300 for the first time ever.

#11 It is now cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari.

#12 Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.

#13 Due to a lack of demand for trucks, Daimler just laid off 1,250 U.S. workers.

#14 Even though Saudi Arabia and Russia have agreed to freeze oil production at current levels, the price of U.S. oil has still fallen below 30 dollars a barrel.

#15 It is being reported that 35 percent of all oil and gas companies around the world are at risk of falling into bankruptcy.

#16 According to CNN, 67 oil and gas companies in the United States filed for bankruptcy during 2015.

#17 The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.

#18 All over America, retail stores are shutting down at a stunning pace.  The following list of store closures comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

#19 The price of gold is enjoying its best quarterly performance in 30 years.

#20 Global stocks have fallen into bear market territory, which means that about one-fifth of all global stock market wealth has already been wiped out.

#21 Unfortunately for global central banks, they have pretty much run out of ammunition.  Since March 2008, central banks have cut interest rates 637 timesand they have purchased a staggering 12.3 trillion dollars worth of assets.  There is not much more that they can do, and now the next great crisis is upon us.

Without any outside influences, the global economy and the global financial system will continue to rapidly fall apart.

But if we do have a major “black swan event” take place, that could cause the bottom to fall out at any moment.

In particular, I am deeply concerned about the possibility that World War IIIcould be sparked in the Middle East.  In an article that I published earlier today entitled “Turkey Is Asking The United States To Take Part In A Ground Invasion Of Syria“, I included a quote from Turkish Foreign Minister Mevlut Cavusoglu that reveals just how eager Turkey and Saudi Arabia are for war to begin…

Some countries like us, Saudi Arabia and some other Western European countries have said that a ground operation is necessary,” Turkish Foreign Minister Mevlut Cavusoglu told Reuters in an interview.

However, this kind of action could not be left to regional powers alone. “To expect this only from Saudi Arabia, Turkey and Qatar is neither right nor realistic. If such an operation is to take place, it has to be carried out jointly, like the (coalition) air strikes,” he said.

The Turks and the Saudis very much want the United States to take a leading role in any ground invasion of Syria, but the Obama administration is not likely to do that.

So we shall see if the Turks and the Saudis are willing to go ahead without us.  Let us hope that they do not decide to invade Syria, because that could start the biggest war in the Middle East that any of us have ever seen.

Unfortunately, Turkey is already attacking.

Turkey has been shelling Kurdish and Syrian military positions in northern Syria for four days in a row even though the Obama administration has been urging them to stop.

The first month and a half of 2016 has already been quite chaotic, and the stage is set for global events to greatly accelerate during the months ahead.

Sadly, the mainstream media in the United States is largely ignoring the preparations for a ground invasion of Syria, and they keep telling us that the global economy is going to be just fine, so most ordinary Americans are going to be absolutely blindsided by what is about to happen.

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About the Author: The Economic Collapse Blog

  • JohnDille

    YOU ARE NOT A LIBERAL. YOU ARE JUST A RIGHT WING PLANT MASQUERARDING AS A LIBERAL, IN ORDER TO EXPOSE THOSE EVIL LIBERALS AS BEING REAL AMERICANS WITH FAR FAR FAR MORE INTELLIGENCE THAN YOU RIGHT WINGERS COULD EVER HAVE! GO AWAY, PHONY LIBERAL… RUN FO PRESIDENT, LIKE SO MANY OF YOUR RIGHT WING DIMWIT MASTERS ARE TRYING TO DO!!!

  • Aaron Ruter

    You’re embarrassing to us liberals.

  • JohnDille

    HMMM… THE KOCK BROTHERS… SOVIET PLANTS!!! THAT WOULD EXPLAIN A LOT!!! THEY CLEARLY HATE AMERICA AND ITS PEOPLE… AND THEY MUST HAVE GOT THAT FROM STALIN VIA DEAR OLD DAD!!!

  • JohnDille

    You talk like a savvy investor who knows EXACTLY when to short and yet those who do short successfully are somehow all evil rich Republicans. I ALMOST NEVER SHORT STOCKS… ALTHOUGH I OFTEN SELL CALLS AGAINST STOCKS I OWN THAT I THINK WILL FALL! THAT IS CALLED HEDGING, NOT SHORTING. AS FOR YOUR POLITICAL HEROES, THE KOCK BROTHERS….

    Dance with the Devil
    The good news in 1929 for young MIT chemical engineer Fred Koch was that he had successfully developed a superior oil refinement process with a business partner. The bad news is that he had a bitter lesson to learn about his laissez-faire competitors when virtually every major US oil company gobsmacked him with 15 year’s worth of patent infringement lawsuits. The net effect was that one cease-and-desist order after another was issued from the judge’s bench, and until the legal process could sort itself out, Fred Koch was – for all practical purposes – aced out of the US oil market. And the bills still needed to be paid.

    So what to do? Fortunately, the Unseen Hand pointed the way to Soviet Moscow, where totalitarian dictator Josef Stalin was rolling out his first Five Year Plan for sweeping industrialization. And he was especially interested in oil engineers.

    “We are the world’s greatest market, and we are prepared to order a large amount of goods and pay for them,” – Josef Stalin, 1932

    Fred Koch answered the call, and signed a $5 million deal in 1929 to build 15 refineries in the Soviet Socialistic Republic, thus providing a substantial wet kiss to the cause of worldwide socialism everywhere. Koch and his partner provided equipment and oversaw construction and installation, and quickly became Comrade Stalin’s number one go-to refinery contractor.

    Flouride in the Water
    Koch Daddy Fred returned to Wichita, KS in 1933 having made $500,000 in profits through his business dealings with Josef Stalin. One might think that he would be graciously inclined towards the Soviet system, given that socialism treated him much better than his own litigious, monopolistic and cudgel-wielding US oil fraternity, but that was not the case. He hated the Soviets.

    Not based much on logic or reason, mind you, but he hated them anyway. In 1961, Fred Koch’s pamphlet, “A Businessman Looks at Communism“, lends invaluable insight into Koch’s thinking process on this. Long on alarmist rhetoric, broad, rambling generalizations, and less-than-logical conclusions, this work is unsettlingly reminiscent of Glenn Beck in many ways.

    Koch’s focus seems to be centered around one singular, eccentric individual and unlikely travelling companion – a Russian ex-pat Communist by the name of Jerome Livshitz. Livshitz took part in the 1905 revolution, and spent some time as a revolutionary in the US – mostly in jail. Although unconfirmed, the descriptions ‘alcholic’ and ‘paranoid/schitzophrenic’ have been attributed to Livshitz. Fred Koch apparently formulated his thought process about the clear and present danger of the Communist threat from listening to Livshitz, who would tell Koch how the Commies were going to infiltrate the US in schools, universities, armed forces, and “make you rotten to the core.”

    Whatever negative predispositions to Communism Koch may have had, he kept them to himself until 1956 – a period of time which nearly coincides perfectly with the timeframe during which he was still doing business with godless Stalin. After a business trip to Soviet Russia, Fred funded a John Birch Society chapter in Wichita and opened a Bircher bookstore, which ultimately closed.

    “Maybe you don’t want to be controversial by getting mixed up in this anti-communist battle,” Koch said in a speech to a Women’s Republican Club in 1961. “But you won’t be very controversial lying in a ditch with a bullet in your brain.”

    While the once-influential John Birch Society eventually dwindled into conspiracy theories about flouride in the water – and sported bumper stickers like “Cut the Red China Connection”, which persuaded their own fellow capitalists to hide them under the bed – the lessons of the generation were dutifully passed along to Fred Koch’s sons.

    Koch’s Josef Stalin connection was the deal that got the Koch family fortune rolling downhill fast. Seemingly, Fred Koch came to the conclusion that ethics were optional when it came to the chase for the almighty ruble dollar, and a few short years later, the Bush family apparently made a similar calculation when they signed a business compact with Adolph Hitler.]

  • JohnDille

    Can’t even get you to admit that the biggest Democrat donor uses shorts to make his billions. I guess that’s OK, yet job creators who donate to Republicans are evil. I THINK TOM STEYER MADE HIS BILLIONS IN THE SOLAR BUSINESS OR SOMETHING LIKE THAT… AND HE IS… BY FAR… THE BIGGEST DONOR THAT THE DEMOCRATS HAVE HAD FOR AT LEAST THE LAST 6 TO 10 YEARS OR SO!

  • JohnDille

    WHEN IN ROME… DO AS THE ROMANS!!! THIS IS A RIGHT WING BOARD… AND ALL THAT ANYONE HERE USES IS INSULTS!!! DATA OR LOGIC BASED ARGUMENTS… LIKE THE ONES I FREQUENTLY USE… ARE QUICKLY DISMISSED… AND GENERATE NOTHING BUT INSULTS TOWARDS ME AND WHATEVER FACTS OR LOGIC I HAVE USED TO MAKE MY CASE! DON’T BELIEVE IT??? THEN JUST SCAN BACK THESE VARIOUS DEBATES… AND YOU WILL SEE… I NEVER START THE INSULTS… BUT I WILL BE DAM NED IF IT WILL SIT HERE AND BE INSULTED WITHOUT FIGHTING BACK! I AM A LIBERAL DEMOCRAT… NOT SOME WUSSY CRY BABY RIGHT WINGER!!

  • JohnDille

    I HAVE BEEN IN EVERY STATE IN THE UNION… EXCEPT VERMONT…AND HAVE WORKED IN AT LEAST 8 DIFFERENT STATES… AND HAVE BEEN IN EVERY PROVINCE AND TERRITORY IN CANADA EXCEPT THE MARITIMES… AND IN A HALF DOZEN COUNTRIES OTHER THAN THE USA AND CANADA. TOO BAD YOU ARE TOO GUTLESS TO SEE THE REAL AMERICA, OR TO SEE THE WORLD… REAL WORLD TRAVEL MIGHT OPEN UP YOUR EYES, AND YOU WOULD FINALLY REALIZE JUST HOW INCREDIBLY STUPID YOU REALLY ARE!!! AND I CAN TELL FROM YOUR COMMENTS… YOU REALLY AND TRULY ARE A VERY STUPID MAN… OR THIRD GRADE CHILD, MORE LIKELY!!!

  • Eileen

    Is this all you can do? Insult people and name calling? Come up with some cogent arguments as to why anyone ought to take you seriously. You talk like a savvy investor who knows EXACTLY when to short and yet those who do short successfully are somehow all evil rich Republicans. Can’t even get you to admit that the biggest Democrat donor uses shorts to make his billions. I guess that’s OK, yet job creators who donate to Republicans are evil.

  • Mark

    Ya Ya Ya, I’ve heard that story before too. I bet you did all that but I know your lying because you said you grew up in Illinois so I know this is all BS. Nice try old man. You are a good liar and BSer. You know what Dildo…….You are the Jack A** or should I say A hole. Now go back in your hole you A hole.

  • JohnDille

    WELL, LITTLE BOY… I GREW UP ON A FARM BACK IN THE MOUNTAINS OF IDAHO… AND I COULD PLOW AND HAUL HAY AND PICK BIG ROCKS OUT OF THE FIELDS BEFORE I EVEN STARTED SCHOOL! SERIOUSLY! MY TYPICAL MORNING CONSISTED OF BRINGING IN FIRE WOOD TO HEAT THE LITTLE HOUE WE LIVED IN AND TO DO THE COOKING AND HEATING THE WATER WE USED… AND BRINGING IN THE WATER, AS WELL… FROM A HAND PUMP THAT WAS OFTEN BURIED IN THE SNOW MORE THAN A HUNDRED HARDS FROM OUR FRONT DOOR. THEN IT WAS TIME TO MILK THE COWS AND FEED THEM… AND THEN… USUALLY WALK THE 3 MILES TO CSATCH THE BUS TO GO TO SCHOOL… AND THEN, AND AFTER SCHOOL.. TO WALK THE 3 MILES BACK HOME, AND THEN TO DO ALL THE SAME THINGS ALL OVER AGAIN. THEN, IN THE SUMMER, I HAD TO HELP CHOP DOWN AND STRIP HUNDREDS OF TREES, AND CUT THOSE TREES INTO SHORTER LENGTHS AND SPLIT THE WOOD… SO WE WOULD HAVE A WAY TO HEAT OUR 3 ROOM HOUSE, AND DO THE COOKING AND SUCH. AND I DID THAT KIND OF STUFF UNTIL MY MID TEENS… THEN I GOT A FULL TIME JOB AND WORKED 48 HOURS A WEEK… DOING HEAVY LABOR… ALL THROUGH MY LAST 3 YEARS IN HIGH SCHOOL! FORTUNATELY, I DID NOT GET DRAFTED INTO THE MILITARY… BUT I JOINED LATER SO I COULD LEARN SOME SKILLS, AND GET AN EDUCATION. BUT… BY THEN, REPUBLICANS HAD BEGUN TO TAKE OVER THE COUNTRY… AND BECAUSE REPUBLICANS HAD GAINED CONTROL OF AMERICA, ONLY RICH KIDS AND OTHER PRIVILEGED FOLKS WERE ALLOWED TO GET AHEAD IN AMERICA. AND THEN YOU CAME ALONG AND LEARNED HOW TO BE A SELF CENTERED JACK GLASS… AND EARNED YOUR DEGREES IN THOSE SKILLS… AND HAVE EXCELLED AT BEING A SELF CENTERED JACK GLASS, EVER SINCE. YOU RIGHT WINGERS WOULD NOT KNOW WORK IF IT WALKED UP AND INTRODUCED ITSELF TO YOU!!!

  • JohnDille

    GEE, MARK… HAVEN’T THEY EVEN TAUGHT YOU HOW TO COPY AND PASTE YET???? YOU MUST BE IN THE THIRD GRADE IN A REPUBLICAN SCHOOL! REPUBLICANS DO NOT WANT THEIR PUPPETS TO LEARN VERY MUCH, YOU KNOW… EDUCATED KIDS GROW UP TO BE LIBERAL DEMOCRATS, AND THOSE FOLKS MAKE LOUSY SLAVES AND PUPPETS AND PAWNS!!!

  • Mark

    Hey Dbag,
    I financed my own education for both my bachelors and MBA. I’m debt free and never sponged a dime off the government. Unlike you that sat on your A*s all your life and bitched by ranting and raving on how you were screwed by the free market. May be you should have gotten off your lazy rear end and did something constructive. If there is anyone who is a Marx imposer it is you. Better yet your more of a Bernie Sanders imposer. You both fit the same mold. No go back in your hole you troll.

  • JohnDille

    Oh by the way I have two college degrees which means I have two more than you. Oh I forgot about the high school degree. I have 3 more degrees than you. SO… YOU ARE ONE OF THOSE EDUCATED IDIOTS MY OLD MAN USED TO GRIPE ABOUT??? MAYBE HE WAS RIGHT ABOUT THAT… IN YOUR CASE… HE WAS 100% RIGHT ABOUT THAT! IN YOUR CASE, ANY EDUCATION WAS OBVIOUSLY A HUGE WASTE OF TAX PAYER MONEY!!! MARX THE POSER, PRETENDING TO BE EDUCATED SO KNOW ONE WILL EVER SUSPECT THAT HE WAS BORN A TOTAL MORON!!! NOW, MARX, CRAWL BACK INTO THE FANCY DIGS YOUR MOMMY CREATED FOR YOU IN HER BASEMENT, SO YOU DO NOT EMBARASS HER ANY MORE THAN YOU ALREADY HAVE!!!

  • Mark

    Dille,
    You are copying and pasting again. WOW. That’s all you do. You are a hypocrite. You first brag that you are making money in the free market and now your are bashing it. You are all talk and BS. FRAUD

  • JohnDille

    Company “gun-thugs” once battled unions with bullets, and company lawyers fought black lung legislation with pens and lobbying. Later, they did the same with environmental regulations.

    Today, the battered U.S. coal industry, much of it on the verge of bankruptcy or already over the precipice, is doing what it can to steal workers’ benefits, including their pensions, and to avoid government-mandated environmental clean up costs. But the companies are rewarding executives who succeed in this endeavor. Take the bread out of a worker’s mouth and you get to eat cake. It’s a good addition to the résumé in the world of corporadoes.

    Take, for instance, Alpha Natural Resources, which filed for bankruptcy last year. Nicole Gentile writes:

    Seven executives and eight other employees who remain unnamed in court documents are eligible for the bonus if they hit certain metrics for cutting costs while protecting the company’s cash reserves. Top executives were already promised $2 million retention bonuses for staying with the company through August 2016. These bonuses are described by Alpha as incentives to ensure high-level performance, something that is apparently not covered by annual salaries. In 2014, as the company was evidently on the verge of financial collapse, Alpha paid CEO Kevin Crutchfield nearly $8 million, and former President Paul Vinning more than $4.5 million.

    The plan to dole out millions of dollars to the same executives that bankrupted the company is the latest in a series of controversial steps taken by the industry giant. Late last year, Alpha also proposed to eliminate health insurance, disability, and other benefits for mine workers. According to court documents, this move would affect more than 4,500 disabled former employees, non-union retirees, and their families.

    Complaints about such bonuses are bound to be ignored. Those executives are, after all, just doing what they are ordered to do, right? If they perform their screw-job efficiently, surely they deserve the extra money for it.

    Alpha isn’t the only company continuing the industry’s heritage of messing over workers and dumping the cost of environmental restoration onto taxpayers.

    Peabody Energy Corporation created the Patriot Coal Corporation specifically to walk away from its contractually mandated benefits to retirees and disabled workers. Patriot filed for Chapter 11 protection just two years after acquiring the financial obligations for these workers. The bankruptcy outcome will likely mean the workers and retirees will get none of the benefits their union had negotiated.

    As Gentile writes, there is also Arch Coal, the nation’s second-largest coal producer after Peabody, which filed for bankruptcy last month, having already dumped its retiree obligations on Magnum Coal, an operation that soon was taken over by Patriot.

    And while the companies are bailing on their obligations to workers, they’re also taking a powder when it comes to reclaiming the land after mining operations come to a halt. Alpha signed an agreement with Wyoming giving the state a super-priority claim on $61 million if Alpha does not emerge from bankruptcy. But reclamation costs for Alpha’s Wyoming mining operations are set at $411 million.

    Coal companies are normally required to be bonded, through third parties or via self-bonding, for the entire costs of reclamation. State authorities say they are holding Alpha responsible for all reclamation costs, but their agreement with the company does not require it to be bonded during bankruptcy. So the claim that Alpha is obligated for the full costs is a joke.

    Those multi-million-dollar bonuses, however, aren’t a joke.

    AH… AIN’T CAPITALISM WONDERFUL???? SCREW YOUR WORKERS AND MAKE A HUGE MESS OF THE ENVIRONMENT BY STEALING RESOURCES THAT SHOULD BELONG TO EVERYONE… AND MAKE MILLIONS AND BILLIONS BY DOING IT!!!

  • Mark

    You know Dille you have no creative bone in your body. Is that the best come back you have old man? Oh by the way I have two college degrees which means I have two more than you. Oh I forgot about the high school degree. I have 3 more degrees than you. No go back and rant and rave in your hut on the mountain.

  • Mark

    Ya, right Dille. You did not make $7000.00 because you do not have any money to invest. Oh, you despise of capitalism and the free market don’t ya???? I guess when the system make you money it is great. Your a fraud and worthless. Go back in your hole you troll. LOL

  • JohnDille

    MARX HAS SPOKEN, VIA HIS PHONY INTERNET ID!!! WHICH MARX, YOU ASK??? WHO KNOWS… GROUCHO OR KARL OR ANY ONE OF SEVERAL DOZEN OTHER WELL KNOWN MARX’S… ALL OF THEM MUCH SMARTER THAN MARK… WHICH IS WHY MARK IS HIDING HIS TRUE IDENTITY! HE IS EMBARASSED BY HIS CONTINUED FAILURE TO GRADUATE FROM THE THIRD GRADE!!! AFTER 34 YEARS OF TRYING, THEY ARE GETTING REALLY ANXIOUS TO GET HIS BIG BUTT OUT OF THOSE THIRD GRADE CHAIRS…. LOOKS LIKE THEY WILL NEED A JACK HAMMER AND A CRANE TO GET THAT JOB DONE!!!

  • JohnDille

    SNYDER THE BASHER IS REALLY GETTING DESPERATE!!! THE MORE THE STOCK MARKET AND COMMODITIES MARKETS RECOVER, THE MORE DESPERATE HE GETS!!! HIS SHORTS MUST REALLY BE HURTING HIM! AS FOR ME, I AM UP ALMOST $7,000 IN THE LAST SEVERAL DAYS… AND I AM NOT SHORT ANYTHING. IN FACT, MY HEDGES ARE THE ONLY THING HOLDING ME BACK FROM MAKING ME EVEN MORE!!! BOY OH BOY OH BOY… THIS CAPITALISM SCAM IS GREAT!!! TOO BAD YOU HAVE TO BE FAIRLY WEALTHY TO TAKE FULL ADVANTAGE OF IT!!! AND TO THINK… ALL OF THE MONEY I AM MAKING IS COMING OUT OF THE POCKETS OF OTHER PEOPLE!!! IF I KEEP THIS UP, I MIGHT HAVE TO BECOME A REPUBLICAN, SO I CAN PROTEST THE GOVERNMENT MAKING ME ACTUALLY PAY FOR ALL THE GOODIES WE AMERICAN CITIZENS GET!!! NAW… I COULD NEVER BE SELFISH AND GREEDY AND SELF CENTERED ENOUGH TO BE A REPUBLICAN… I WILL LEAVE THAT TO JOE CABOT AND ALL THE OTHER RIGHT WINGERS ON THIS BOARD!!!

  • Mark

    Ok, where is our financial advisor John Dildo????? He must be in his hut in the Idaho mountains sitting at his computer ranting and raving on why Bernie will be the best ever President.
    Hey: Here is a riddle….What two idiots never worked, always were in debt, love socialism, lived in a hut, rant & raves, wants free stuff from the government, and thinks they are smarter than your average bear (YOGI). YOU GUESED IT…. JOHN DILLE AND Bernie Sanders.