Financial, Economic and Social Mood Update (January 1, 2023)
The deceptive bear market rallies in the stock market cannot mask the truth of a very sick economy at the start of New Year 2023. According to the swiftly.com retail industry site, 70 percent of Americans are now struggling to pay their weekly grocery store bills, and 83 percent of consumers rely upon food discount coupons & supermarket retail brand name loyalty programs to put on the dining room table. CarMax, the largest used vehicle retailer in the USA with 238 auto dealerships (they sold 750,000 vehicles in fiscal year 2021) reported a 3rd Quarter 2022 sales decline of 21 percent and an 86 percent collapse in net income.
According to the MHFIN channel on YouTube, the coming ten year period until the year 2032 will be a “lost decade” for the real estate market due to collapsing demographics, deflation & collapsing asset prices: https://www.youtube.com/watch?v=5kiKmQPeWKU.
The cryptocurrency market is for all intents & purposes dead in the water, with digital currency trading platforms freezing customer accounts (many customers simply no longer able to access their money or having just limited access to their investment accounts per this FORBES article): https://www.forbes.com/sites/ninabambysheva/2022/12/13/binance-pauses-usdc-withdrawals-sees-3-billion-in-outflows-since-yesterday/?sh=3e8a67b71f27&fbclid=IwAR19IqGpsLIrKwNcAbA6V5W_5pHyW1rdZP_wpNzXkakuNsnJSM6Unukg3fk.
Cryptocurrencies & their exchanges need to be regulated no differently from commercial banks, complete with regulatory fees & capital reserve requirements. They have thus far been operating like commercial banks with very little regulation and almost no investor (depositor) protection. The 10 major cryptocurrency “digital asset” coins have lost more than 86 percent of their value since November 10, 2021 and they will never recover – they might not even last very much longer.
The overall stock market & the entire cryptocurrency market have been strongly correlated since early 2018 per Elliott Wave International of Georgia, which means that so-called electronic digital currency “investments” have ceased being anything out of the ordinary compared to the rest of the established asset markets: https://www.elliottwave.com/en/ElliottWaveTV/Episodes/2022/12/07/20/16/Cryptocurrencies-Joined-at-the-hip-with-the-stock-market?fbclid=IwAR0xX9plQs6NPwHqkaCD-iwBZo0ZNLAzI-uFpveDZSToXhQ4k-FpJqq22_8.
The theater show of World War 3 which commenced in the so-called Ukraine will soon take a dramatic turn. The Russian Army (and especially her allies in Belarus and Serbia) now have more than 2.5 million men at the front – the same size of the former German Army which conquered the Low Countries & France from May to June of 1940. Russia is merely waiting for the ground in the southern Ukraine to completely freeze over before she launches her massive Winter offensive. The most corrupt “government” of “the Ukraine” (a puppet state of the European Union, NATO and the CIA) is led by a person of perdition who was once a Russian-only speaking “comedian” known for playing the piano with his most private part. In a most ominous sign, both Poland and the USA have “volunteers” and/or military “advisors” in the Ukraine – the Poles deceptively dressed in Ukrainian uniforms (they have already taken 1,000 fatalities & 4,000 wounded among these so-called “volunteers”). If Poland succeeds in drawing the rest of NATO into this utter madness, Russia and her allies may be forced to march into the heart of Europe. Just as Russia has been provoked via false CIA “freedom” movements in the Ukraine & former Soviet Georgia, so has Serbia been provoked with the NATO client state of Kosovo on Serb territory. This, my readers is the harsh truth of our “new year 2023.”
