The
irrational acceleration of the Asian economies mainly pushed by China it seems
that this will explode today he offers the certain possibility to contemplate
with great fear that the events that you happens are very similar to those
happened in the first great depression of 1929, The Chinese bags they will
continue registering fallen in next days that will reach environment to 9% in
the next ones four or five sessions. This prediction is based on the fact that
China is repeating the crash of 1929, according to the analyst Thomas
DeMark.
This
undoubtedly is a substantial difference among both similarities and it is that
the depression of the 29 explodes in occident and this of the century 21 he
will make it in east and this alone it is enough for break the similarities and
the results because the forms of focusing the things in east are not the same
ones that in occident. In declarations to CNBC, DeMark, founder and CEO of
DeMark Analytics, it has pointed out that the current direction of the Shanghai
Composite Index is already following the same road that the market crashes of
1987 and 2001, and they can fall even more. "In 1929, the market fell 50, 6%.
Indeed
in 1929, the market fell 50 ,6%. That was a warning that there was something
more serious in the des adjust of the market", DeMark points that he
believes that the index, of the Chinese bags, will fall of the 3.509,98 current
points up to 3.282 points, or even 3.200. The analyst predicts that could have
an ascent of 40%, reflecting the movements that took place in 1987 and 2001.
However, he adds that later there will be a fall that will be similar to which
one lived in the times of the Great Depression.
We
cannot determine that right now. We believe that it will have a great ascent,
significant, from the 3.200. And we see a setback of 40% in the falls. And in
that moment we can value again which the perspective is certainly likewise you
to make presage me same that easy that is to say that the Chinese bags can recover
and then they can fall to the hell crawling to all. The problem of these sound
warnings of omens without confirmation some is announced with the only end of
to move capital interests and to make quick benefits and whenever there are
quick benefits there are also enormous quick losses.
The
problem of playing to this game is that when it happened in the two big
previous depressions, both alone one was solved with two world wars one for
each an and this is what can happen if the players of the poker of the world
economies cannot stop the lost ones because the problem is I eat, I have
already said surprisingly in other articles the world to what looks like each
other it has been without tangible trade and alone today it is bought and smoke
is sold it is form of financial values that doesn't sustain them anything
effective it is simply as a game from the "Monopoly" to world
scale.
It
is for that reason that if we have in doors a third "great
depression" the only way to finish with her it is the destruction of all
the material one to be able to re to make it again and this way to establish
the real work the real factories and the real trade and this alone it is gotten
with an enormous war. This is this way because nobody no economy wants to give
its arm to twist and to assume the reality because always wait that somebody
fixed it and because they are justified that they don't have the blame, but it
is thing of the Americans, of the Russian, of the Europeans, or I eat now of
the Chinese.
In
fact the world situation of crisis is not another that the one that I am
repeating almost to newspaper the economies is not sustained by the production
of goods of value added but alone creating bank notes and financial values but
that these values don't have behind neither the millionth part of the value
that they express in tangible and effective form this it is the problem there
is not another. This has gone giving the turn to the world it began with
occident when they were invented the globalization and I work until the other
part of the world the oriental, one has already seen full of product and he
also has to appeal to the production and sale of financial products and this is
what has unbalanced the Chinese bag and he will also make it with the rest of
countries BRICS.
This
doesn't have solution because we cannot continue exchanging us papers where we
try to make the buyer that they are worth thousands of millions of Eurus, Dollars
or Yens believe. We have already saturated also this market. Already all have
the same as refrigerators computers cars and houses, papers that they tell us
that we possess such or which company or that we have invested in such or which
bank or that such a country survives thanks to that have lent thousands of
millions of money to its economy that doesn't produce anything.
As
he said before this alone he has an exit to burn everything to destroy
everything including to the societies when this pass was enough work for those
that have survived and it will be necessary to begin then to really take place
another time refrigerators computers cars and houses the money it will be real
and turn to begin until the humanity understands that nobody neither anything
can be eternal and that to survive is necessary that is to say to make that the
things are recurrent they have principle and end, we must think of
manufacturing to innovate and to recycle continually. The alone world can work
if one works and if he buys himself and things are sold, the exchange was
already proven and I don't work, now we know that the alone economies in the
books of bills neither work.
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