The story behind the chemical explosion that rocked China’s Tianjin port last Wednesday continues to evolve amid fears that the public could be at risk from the hundreds of tonnes of sodium cyanide stored at the facility.
More specifically, Monday’s heightened concerns were related to the possibility that rain could interact with the water soluble chemical, releasing deadly hydrogen cyanide gas into the air. "First rain expected today or tonight. Avoid ALL contact with skin," a text message purported to have originated at the US Embassy in Beijing read. The Embassy would later deny the message’s authenticity, perhaps at the behest of the Politburo which has kicked off the censorship campaign by shutting down hundreds of social media accounts for "spreading blast rumors."
The Japanese government announced Monday that the country’s economic output declined by 0.4 percent in the second quarter, or 1.6 percent on an annualized basis. Private consumption, business investment and net exports all fell, primarily as a result of the rapid deceleration of the Chinese economy and continued stagnation in Europe and the United States.
The contraction in the world’s third largest economy not only dealt a blow to the anti-deflationary program of Prime Minister Shinzo Abe, dubbed “Abenomics,” it exposed the failure of the major capitalist governments to engineer a genuine recovery from the financial collapse and recession of 2008 and added to mounting signs of a deeper slump.
23 Nations around the World where stock market crashes are already happening ~ link ~
Only the Date is Unknown ~ link ~
The US and world economies are frauds that are coming unraveled. The Greek bailout is the most recent example of “kick the can down the road” solutions. The US housing bubble was an attempt to cover up/recover from the dot-com bust. Now the US is in a financial bubble engineered to recover from the housing bubble debacle. Soon this bubble will burst. Only the date is unknown.
Two predictions can be made with reasonable confidence:
- The stock market is likely to be halved and that might be optimistic. Only the date is unknown.
- The economy will eventually resemble the Great Depression. Only the date is unknown.
Europe Migrant Crisis: Sharp surge in numbers ~ link ~