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The phrase of the popular series "Game of Thrones" could never be a better definition of where the world crisis of capitalism is going. "Winter is coming" is the phrase that charts the entry into recession of the world economy. All the data show that capitalism is slowing down as finally recognized by the IMF, the World Bank, rulers, officials and bankers who defend capitalism.

Finally, the priests of world capitalism recognize what is already impossible to conceal: The world economy is slowing down. Pushed down by China, the prospect of a global recession appears as a threat on the horizon, which contradicts what the economic and political authorities of world capitalism affirmed in 2017, when euphoric Janet Yellen then president of the Federal Reserve of the The United States (Fed) said: "Can I say that there will never be another financial crisis? ... It would probably be going very far, but I do believe that we are more secure and I hope it does not happen during our life..." The political and economic authorities of world capitalism tried to make us believe that we were entering a new stage that implied the end of the crisis, but reality is refuting its sayings.

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The data is conclusive. According to IMF economist Gita Gopinath, world economic growth fell to 3.6% in 2018 and is projected to fall further in 2019 to 3.3%. All indicators show the decline: The US economy grows this year bordering the recession with 2.3%, and plans to fall into recession with growth 1.8% for 2019. Europe is in recession with 1.3%, Germany in recession with 0.8%, France in recession with 1.1%, England in recession with 1.1%, Japan in recession with 1%, all imperialist economies are in debacle. With respect to the other capitalist economies, China falls into recession with 6.3%, Russia in recession with 1.1%, Brazil in recession with 2%, Mexico falls into recession after 23 years with 2%. The  data is categorical.

The world economy slows down, cools, which aggravates all the imbalances of world capitalism. The main feature of the slowdown is China, which is dragging on world trade, and exposes the failure of the policy of bailouts implemented by the Central Banks since 2008 to save the Global Conglomerates that dominate the world capitalist economy.

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China: The "locomotive" is now a lead lifesaver

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China with a growth that reached peaks of 12% of GDP was for decades the pillar and locomotive of world capitalism. But now China's growth is below 7% which is considered recession, and is at 6%, something unprecedented in the last 30 years. All industrial indices in China show the prospect of that fall, which puts the entire world economy in the perspective of a global recession, a "winter" that can last for many years, and which the bosses of world capitalism sought to avoid with the salvage.

China became a pillar of capitalism because of the high rate of exploitation that the capitalist government of the Communist Party imposed on its huge and young proletariat. Since there are millions of speculative bets based on businesses that depend on China, the fall rates of the Asian giant caused a panic on Wall Street, and an emergency meeting between Treasury Secretary Steve Mnuchin, and the heads of the 6 Conglomerates Global companies that dominate the global economy JP Morgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup.

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In that meeting, the Global Money Conglomerates were evaluated to face a possible outbreak. But as the meeting was suddenly called and one Sunday, which is not usual on Wall Street, it ignited the suspicions and alarms of capitalists around the world. On December 25, 2018, in the middle of Christmas, the stock markets of the world suffered its worst collapse in 100 years and the worst of the last 10 years.

To stop the collapse, the capitalist bosses took two emergency measures in a coordinated manner. First the People's Bank of China (BPC) today carried out a bailout of 570,000 million yuan equivalent to 84,300 million dollars, or 73,781 million euros, in the Chinese Corporations through open market operations. According with the country's specialized media, was the largest injection in a single day in the history of BPC. After that first operation of the BPC, the injections of money continued. Secondly, the Fed suspended "Operation Twist," as it is known to the program of exchange of Treasury bonds that sucks dollars from around the world and raises the price of the dollar, while curbing the rise in the interest rate, also to lower the price of the dollar.

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If they had not taken these steps the bosses of world capitalism, Wall Street and the stock markets of world capitalism would have collapsed. They took them, and they avoided the collapse, but they could not avoid the recession of the world economy. They are mere speculative maneuvers that prevent the outbreak, but not solving the underlying problems only aggravate and deepen the deepest trends of the global crisis