Financial, Economic and Social Mood Update (June 1, 2024)
Elliott Wave International of Atlanta, Georgia recently posted a video about the forces of deflation in Mainland China: https://www.elliottwave.com/articles/real-estate-woes-and-price-deflation-hit-china-is-the-u-s-next/?rcn=240511freeez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsrechn240507.
The main American stock market indices (still driven by credit inflation and hyperinflation) reached nominal highs yet again on May 20, 2024 (the Dow Jones 30 Industrial Index = 40,077.40), on May 28, 2024 (the NASDAQ Composite Index = 17,032.66) and on May 23, 2024 (the Standard & Poors 500 Index = 5,341.88). Credit inflation remains driven by the US Federal Reserve System and by other similar quasi-government central banks around the world – they are in fact privately owned and interest rates continue to remain artificially low. Interest rates should be much higher than they are now to tame the hyperinflation which is rampant in the USA and in the lackey allied countries of the USA in the European Union, the European Free Trade Association, Canada, Israel, Australia, New Zealand, the Philippines and a few other more minor countries. The situation in the aforementioned countries is not much different from what they were in the former eastern bloc prior to the collapse of the former Soviet Union in 1991. Hyperinflation MUST be tamed to preserve whatever little is left of the purchasing power value of the fiat currencies in these most poorly governed countries.
And the next stage of collapse after hyperinflation (deflation) has already reared its ferocious head in many other places around the world including right here in the USA – in fact in the most expensive real property market in the country which is the San Francisco, California Bay Area – specifically in the commercial property market in the City of San Francisco where at least two large office buildings were recently sold for an investor loss from 60 to 80 percent, respectively. One of these buildings was owned by a pension fund in Canada – a very ominous sign for pensions in general and for the retirees and active workers who depend upon those pension investments in particular.
The approaching global deflation (historically even more devastating than inflation – and always following a hyperinflation) is driven by 1) the imploding credit bubble (caused by central banks deliberately inflating credit which is often referred to as “printing money”) and 2) the ongoing global human demographic collapse – unprecedented in recorded human history in terms of declining fertility rates, lower birth rates, fewer marriages and declining family sizes. Out of 222 independent countries and dependent territories (“colonies”) reporting such information in 2024 fully 143 or 64 percent of these respective countries and territories currently have zero or negative population growth. This means more deaths than births, and/or more people leaving compared to people entering these countries and territories (emigration versus immigration). Every single country on the continents of Europe, North America and Australia has either zero or negative population growth. Most of the countries which still have positive population growth are located in Africa with some or a very few countries located in Asia and South America. In any case fertility rates and birth rates continue to fall worldwide.
The Biden Administration in the USA continues to persecute its strongest political opponents in the sham trials of Donald J. Trump (found “guilty” by a kangaroo court) and in what they do to Robert F. Kennedy, Jr. – the denial of Secret Service protection which is owed to him and in preventing him from partaking in the upcoming Presidential debates alongside Donald J. Trump and the severely senile & demented Biden scheduled for June and September 2024. On top of this they provoke a thermonuclear Third World War against 1) the Russian Federation in the historically Russian Ukraine, 2) the People’s Republic of China over the so-called issue with respect to Chinese Taiwan and 3) the Islamic Muslim world over the suppression & destruction of occupied Arab Palestine. Add to this their corrupt hold over the pharmaceutical industry and in threatening deliberately created “pandemics” made by scientists in laboratories such as HIV, AIDS, Bird Flu and Covid-19.
We will see this entire corrupt global puppet show collapse from this point moving forward over the coming months and years. Every single year in between 2024 and 2030 will get worse before things eventually do get better – guaranteed. Many things and events are approaching this world which are entirely out of the control of all of us who live here.
