Monthly Updates

Financial, Economic and Social Mood Update (June 1, 2023) The Biden-Harris Administration in Washington and their lackey allies around the world are headed for a train wreck of historical magnitude.  The G-7 nations (the USA, France, Canada, Germany, the UK, Italy and Japan) produced 70 percent of global GDP in 1976 – that has since fallen to a paltry 27 percent.  117 countries have an inflation rate lower than in the USA.  The number of countries which have already abandoned the US Dollar for purposes of global trade & reserve currency status stands at 81 and this number is growing daily.  Never mind the theater in Washington, D.C. – the USA has been and is already bankrupt for all intents and purposes.  It is not just that inflation is too high – the overall cost of living and asset prices are astronomical and they must come down to the ground.  Credit must be deflated and the cost of money must go up – interest rates need to continue to rise.  Here is a short article about the possible US debt default from Elliott Wave International of Atlanta:  https://www.elliottwave.com/Economy/Hope-for-the-Best-Prepare-for-the-Worst?utm_source=com&utm_medium=eml&utm_campaign=ar-ins&utm_content=insdebtceilinggmp2305. This nightmare scenario plays out not just in the political capitals of the G-7 countries and not just in collapsing economies – it also plays out in the utterly dangerous, nonsensical, needless, useless, destructive and immoral Ukraine War which threatens to grow into a 3rd World War due to the reckless policies of the USA and her lackey allies.  As the former Third Reich did under Adolf Hitler, the current administration in Washington, D.C. is moving toward an utterly mad & insane 4 front global war.  The Eastern front is against Russia and her allies in Eastern Europe, Central Asia, the Middle East and Africa.  The Western front is against Mainland China…

Financial, Economic and Social Mood Update (May 1, 2023) There are important signs that the both economic-financial and the geopolitical fronts of the western world are starting to buckle (i.e. collapse) in a significant way.  Both the seaports on the east coast of the USA (the largest being Norfolk, Virginia) and on the west coast of the USA (the largest being Long Beach, California) are unusually and abnormally quiet.  The main reason for this is that consumer demand is weakening by the day – the resources of the consumer have been spent and there is not much left in reserve.  Consumer spending comprises 70 percent of GDP or Gross Domestic Product. Major retailers like Walmart are closing stores in big cities or even pulling out altogether – specific examples include Chicago, Illinois and Portland, Oregon, respectively.  Target is planning major staff (or paid hour) reductions in employment.  Kroger (the 2nd largest supermarket grocery store chain in the USA) just announced miserable results for the most recent quarter as did D.R. Horton (the largest homebuilder in the USA).  Cumulative job cuts at large corporations have reached almost one-half million employees, the biggest number of these coming from Amazon.com.  Inflation and an already very high cost of living remain serious problems – the latest annually adjusted figure out of the United Kingdom is 10 percent………………….and we all know that the real numbers are far worse than the “official” numbers regardless of country.  44 percent of US workers are working two or more jobs – not by choice but by necessity. 39 percent of American households have actually skipped a meal to afford their house payments – in households headed by young adults this figure is an astounding 44 percent.  14 percent of American homes are now vacant (along with 50 percent of…

Financial, Economic and Social Mood Update (April 2, 2023) Inflation (or more accurately: the loss of purchasing power) in North America, Europe, Australia and other countries tied to the west is in no way “transitory” – on the contrary, it looks to be permanent and getting worse by the day.  In your own lives, look at the prices in the grocery store, for your monthly utility bills and for insurance – especially something like homeowner’s insurance.  All of these prices have literally skyrocketed over the past few years. The political & the financial system power structure in the western countries appears to be collapsing by the day as well, driven largely by an insane desire to promote conflict with and in much of the rest of the world.  The power structure “on the other side” is becoming ever more independent from the west, specifically from the post-World War 2 hegemony of the American Dollar.  The illegitimate Biden regime in Washington, D.C. is now presiding over the collapse of the American Empire which has ruled the world since 1945. This “other side” power structure can be seen emerging most clearly in institutions such as the “BRICS” countries (these are Brazil, Russia, India, China and South Africa), in the SCO (the “Shanghai Cooperation Organization” which includes almost all of Asia) and in the Chinese BRI (“Belt and Road Initiative”).  Note – BRICS actually includes the 5 main founding nations plus 3 applicant nations (Algeria, Argentina and Iran), 5 more nations which have officially expressed interest in applying for membership (Afghanistan, Egypt, Indonesia, Saudi Arabia and Turkey) and finally 6 additional nations now in official dialogue for BRICS expansion (Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand and the United Arab Emirates). The Belt and Road Initiative includes most of Asia, South America, Oceania, Australia, Europe,…

The US Department of Labor claims that a record 160 million Americans are employed, but this figure “double counts” people with more than one job.  Furthermore, most large corporations are either laying people off or they have frozen hiring.  Both the very important real estate sector and the automotive sector have severe levels of over-capacity.  For instance, roughly one half of US commercial real property is currently not being used.  The largest US homebuilding corporations are seeing more than two-thirds of their existing new home contracts cancelled by buyers.  Potential buyers are pulling back due to job layoffs and due to their diminished purchasing power.  The following excellent video by Elliott Wave International of Atlanta, Georgia clearly demonstrates how one asset market went from a market value of USD $18 TRILLION to ZERO in just 2 years (the global market for negative yield bonds).  Note that this historically odd market was created by world governments flooding markets with “printed money” or easy credit, which is not a normal or healthy situation and which could not last forever:  https://www.elliottwave.com/Market-Trek#15?utm_source=com&utm_medium=eml&utm_campaign=ar-ins&utm_content=insightsmarkettrekepi16. Emerging World War 3 I wish that this were not happening, but it is.  The countries in the west are being led by people who have no experience with or memory of war – hence they no longer fear what every rational person should and must fear.  The foreign policy of the west is doing the bidding of the all-powerful and all-evil World Economic Forum (WEF) led by Klaus Schwab in Switzerland.  This policy threatens to basically “colonize” much of the rest of the world and absurdly attempt to remake it in the image of the modern-day USA, the mainstream media and Hollywood – hence the threats to promote “regime change” in countries such as Russia, the countries of the former Soviet…