Financial, Economic and Social Mood Update (November 1, 2024)
Financial, Economic and Social Mood Update (November 1, 2024) Bobby Kennedy, Jr. tells us that a vote for Kamala Harris is a vote for nuclear war: https://www.youtube.com/watch?v=2Vw9g59kJSQ. He is correct. The Biden-Harris Administration has brought the world to the brink of World War 3 in both Europe (the Ukraine) and in the Middle East (Israel versus occupied Palestine, Lebanon and Iran). A third potential major front lurks against mainland China over the issue of the Chinese island of Taiwan. And the fact that nominal asset prices for stocks (S&P 500 Index on October 17, Dow Jones 30 Industrials Index on October 18 and the NASDAQ Composite Index on October 30) and real estate are at a record high does not erase the much more real fact that the global banking system teeters (USD $750 BILLION in unrealized real estate loan losses at American banks alone), that inflation in western countries has driven our cost of living to a record high, that home ownership & affordability is at a record low, that retirement savings is going down due to people pulling money out to pay basic current expenses and that the governments & and the media in the western countries tell us almost no truth. The so-called mainstream media actually used to like Donald J. Trump before he entered politics in 2016. They turned forever against him during one of the early Republican Presidential debates in 2016 when he correctly said that the Iraq war was a huge mistake. The American government lied to the world about alleged “weapons of mass destruction” in Iraq when in fact Iraq had no such weaponry. The ultra-corrupt Bush and Cheney families wanted war against Iraq and they lied to make that war happen. The biggest cost of the war was the death of more…