Hello fellow rebel capitalists hope you're well so new economic data once again it's

looking just like 2008 I know I say that all the time or last few, but if it's true, I got to keep reporting it.

I'm not going to sit here and lie and say, oh my gosh, the data is fantastic.

It's amazing. No, if it looks just like the GFC, I'm going to say, hey, it looks just like the GFC.

Hopefully you can appreciate my honesty. All right, let's get into this article from

C and we'll go over specifically what I'm referring to here. We got Josh

on board and of course we have green screen Jeff Snyder there he is looking as stoic as ever all right so

CMBC reports China says drop in trade with US is a direct consequence of US moves.

Hmm. Now when I first read this, I was immediately suspicious

because as you guys know from watching this channel,

we've been reporting how the Chinese economy is

literally in a free fall right now and that's no exaggeration that is not hyperbole

that is just the flat out just the only way you could interpret the numbers,

especially when you consider real estate

is 30% of their economy and real estate prices. I don't know if you guys watched that video the other day, but we reported that real estate prices in the major cities in China are down 9%.

Now you may say to yourself, oh George, that doesn't sound like too big of a deal.

We've seen real estate prices drop in the United States by 9%.

Now I'm not talking about the last year.

I'm talking about the last month. That is right, the month of

July. Real estate prices in China in major cities down 9% in one month. This is worth

70% of the net worth the wealth in China of Chinese

individuals is in real estate. Then we also talked about how the youth

...