Confidence in the state of the world economy is at its lowest ebb since the World Economic Forum started its Global Confidence Index five quarters ago. The relative optimism of the previous quarter evaporated against a backdrop of slowing growth in the US and China as well as a lingering eurozone crisis, with 72% of respondents to the poll reporting that they were not confident about the state of the global economy over the next 12 months, up from 37%.

Global Experts Poll: Economic Confidence Plummets to Lowest Level in Five Quarters | World Economic Forum - Global Experts Poll: Economic Confidence Plummets to Lowest Level in Five Quarters

It's amazing. Before the global corporatism offshoring to China, China was hardly even counted as part of the "global economy". Only worth mentioning in the world news for incidents like Tianamen square. They were just relegated as insular and isolationist, a militarist backwater country like N.Korea. It was all about Hong Kong and Japan in Asia. Now of course all that changed as Americans were gradually brainwashed to buy made in China products.

Then with the internet boom, global corporatism with the aid of NAFTA decided to find ways to profit even more by starting to offshore jobs globally instead of re-investing in the U.S. Very few articles talked about offshoring then and the excuse was that firms couldn't compete if they didn't because "everyone was doing it". (with Bain capital helping finance the way). 911 and the wars helped with the distraction. How's that for "trickle-down economics". With wages finally coming up in China the news just reports it as a "dangerous Chinese slowdown in growth". Exactly right, like the ID4 alien locusts, they'll just move on to another continent like Brazil/South America or maybe Africa. Meanwhile, Max Keiser predicts 2nd civil war in the U.S. within a year as there is no money or jobs for the masses.