Great Depression Comes Knocking

China's Economy Grows 9.5%, Exceeding Estimates ... China's economy and industrial production expanded more than analysts predicted, indicating the nation is maintaining momentum even after interest-rate increases to cool inflation. Gross domestic product rose 9.5 percent in the second quarter from a year earlier, the statistics bureau said in Beijing today, after a 9.7 percent gain the previous three months. The median estimate was for a 9.3 percent pace in a Bloomberg News survey of 18 economists. Industrial output advanced 15.1 percent in June, the most since May 2010. – Bloomberg

Dominant Social Theme: See, things are good! China is in a good shape, Europe is recovering and America has the political will to deal with its problems. Recovery is on the way. No problem!

Free-Market Analysis: We are not convinced by the endless stream of happy talk that emanates from the mainstream media these days. Our view is less benign. From what we can see, the world is descending into a kind of controlled (or uncontrolled) Great Depression. It's taking time but the arc is clear.

This article will illustrate yet again how mainstream media covers the world – China in particular – and why the reality is so much different. We regularly observe that the world's conversation is organized via the Anglosphere elites' "dominant social themes." These fear-based promotions are intended to strip wealth and prosperity from the middle class in order to increase control of globalist institutions. But the Anglosphere elites also work via OMMISSION. That is, in addition to advocating fear, they actively encourage ignorance.

We are well past considering it to be coincidence. The world's economy is a kind of planned madhouse. Those in power have inflicted upon it scores of central banks – all busily printing/creating money from nothing at the push of a button. Those who run these central banks are well aware of their ruinous disposition. They understand fully the boom bust cycle that brings bankruptcy and hopelessness to so many. But one does not ever acknowledge this. If one works within the system, one is not supposed to.

In the upside-down world of modern finance, central bankers who print money are "hawkish inflation fighters." Politicians who endlessly create the distortive price fixes, called "laws," are "public servants."
Corporate leaders who generate profits by linking their companies to the great, grinding machinery of Western legislation are "entrepreneurs."

Mainstream media coverage provides us with a disparate view: Each element of the puzzle is treated incidentally. Sometimes the news is good, sometimes bad. But ... somehow ... the Western world's economic situation continues to erode.

What is the result? Sooner or later, planned or not, the conclusion shall be reached. It will presented as a coincidental fait accompli, a solution that has occurred quite by accident, an evolution that seems inevitable but was not in any sense (so we are to believe) preordained: What is to be the apex of all this? A shiny new world order, perhaps, complete with a global currency.

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