Manufacturing in Slump in US, UK, Eurozone And China!

• The world is overburdened by an insurmountable mountain of debt. Economic growth for the past few decades has been fueled by debt. With most households in the west having negative net worth, zero interest policies (ZIRP) are having no effect on the economy. Simply put: when you are broke, so what if the interest rate is zero? The world needs to pay off or write off its debts. A period of hardship is upon us whether we like it or not, whatever we do!
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• The Illuminist central banksters would like us to believe that they can solve the problem of debt with more debts. Both Keynesian and monetary policies are not working. Central bankers are now emasculated. They are now selling us the idea that: by massively creating money out of thin air, money printing, QE, the problem can be solved. I don’t think so. It is all about subtlety and deception. The Illuminist banksters are choosing the path of hyperinflation to save their banks and destroy fiat currencies!
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  Manufacturing in slump in US, UK, eurozone and China! 
  by http://www.bbc.co.uk/news/ 
  Manufacturing in most of the world is in a slump, a raft of reports for July has suggested. US manufacturing growth shrank for the second month in a row, said a survey by the Institute for Supply Management.
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  In the UK, the manufacturing sector shrank at its fastest rate for more than three years, while in the eurozone, factory output contracted at its fastest pace in three years. And manufacturing activity in China had its slowest increase in eight months.
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  The ISM, a trade group of US purchasing managers, said on Wednesday that its index of manufacturing activity rose to 49.8, from 49.7 in June. A reading below 50 indicates contraction. June was the first time in three years that US manufacturing contracted, the survey showed. The US economy slowed in the second quarter, while the UK and most of the eurozone has been in recession.
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  China is also facing a slowdown in the facing of weakening global demand for its goods and rising inflation.
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  Europe and China woes
  In the UK, the Markit/CIPS manufacturing purchasing managers’ index fell to 45.4 last month, from a downwardly-revised 48.4 in June. The survey also highlighted a big fall in export orders for manufacturers, which it said had fallen at the sharpest rate since February 2009. The PMI compiled by Markit for the 17 nations that use the euro fell to 44 from 45.1 in June.
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  Germany, Europe’s industrial powerhouse, posted one of the lowest scores. And manufacturing activity in China, the world’s second-largest economy, dropped to 50.1 from 50.2 in June, official data showed.
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