Financial, Economic and Social Mood Update (December 1, 2024)
The incoming administration in Washington, D.C. still has until January 20, 2025 to take office and so much work must be done. The forces behind the outgoing administration are hell-bent to start a Third World War in particular against the Russian Federation and her many global allies. All war is bad and no war is good – there are no exceptions in particular for those on all sides who lose their lives, their property, their homes, their homelands and their family members. The only “winners” in wars are the merchants of death – those who make money (more like steal money) off the production of armaments.
The war against Russia was truly instigated by NATO and the west after the collapse of the former Soviet Union due to the deliberate expansion of NATO toward the east – first into the former Warsaw Pact nations and then ultimately into the former republics of the USSR. The Ukraine was the final straw due to its size (second in size after Russia itself) and due to its common historical, linguistic, racial, ethnic, cultural and religious ties to Russia. It was the American CIA which instigated the so-called “orange revolution” in the Ukraine in 2014 by the overthrow of a democratically-elected government in Kiev which was officially neutral and cordial toward the Russian Federation. The trip wire was the current Zelensky dictatorship in Kiev which deliberately ended the cultural autonomy of its ethnic Russian citizens and which deliberately persecuted the same – hence what Russia calls its Special Military Operation which commenced in February of 2022. This madness must stop – the entire western world must step down and step back. The same must be said of the war in the Middle East. The Netanyahu government’s territorial expansion must end, it must return what is has taken and its ultimate goal of conflict with Iran must not happen. Iran is an ally of Russia and war with Iran will mean war with the behemoths of Russia, China and ultimately with the rest of the BRICS nations. This madness must end and it must end forever.
On the American home front much must be done to put America back to work. America’s borders must be secured and perhaps tens of millions of illegal immigrants must return to their respective home countries. Immigration is normal, good and necessary but only when it is legal and when the said immigrants have the desire to work for a living and the desire to become part of the cultural fabric of their adopted country.
America must once again develop, produce and manufacture its own home grown energy industry, agricultural industry and manufacturing industry – as each and every country on earth can and should.
The desire to reduce the size of government is also very necessary (the task headed by the likes of Elon Musk and Vivek Ramaswamy). Unnecessary departments must be eliminated and/or down-sized, the level of spending must be reduced and ultimately the endless spiral of deficit spending and ever increasing national debt must be reversed. It is for this reason that the currency has lost its value – not merely in America but worldwide. Elliott Wave International of Atlanta, Georgia wrote on November 12 that the entire global equity market = entire global stock market when adjusted for inflation has lost 5/6 of its real value (a purchasing power loss of 83 percent) since March 2000. There has in fact been no net real gain in the global stock market since 1984 – in other words, 40 years of no improvement.
In America alone 78 percent of people are now renters and not homeowners. Fully 50 percent of the population can no longer afford to purchase a new vehicle and are thus relegated to the used vehicle market – prices are too high and incomes are too low. The cost of credit or interest rates are not the problem – the problem is due to the lack of purchasing power = inflation which has been caused by too much credit creation on the part of the central banking system.
Bobby Kennedy’s job of reforming the health industry and the food industry is critical. The pharmaceutical industry is one of three (3) critical industries which thrive at the expense of the rest of the world. The other two (2) main culprits are the defense industry (war industry = merchants of death) and the investment banking industry personified by the likes of Blackrock, Vanguard and State Street of Boston – they have been instrumental in taking companies public and in promoting destructive woke policies.
Another issue to be tackled is that of electoral integrity. “Late counting” of ballots must have a strict time limit. In past decades elections in America were largely settled on the night of election day and perhaps on the day after – not endless weeks after an election as is the case today. This bad phenomenon has become pronounced over the last quarter century and must stop.
We thank the 115,394 people who read our three (3) most recent monthly issues in support of Donald J. Trump and his team including J.D. Vance, Bobby Kennedy, Tulsi Gabbard, Elon Musk, Vivek Ramaswamy, Ben Carson and so many others.
The Auto Industry
Now for a short update on the automotive industry. Nissan (part of the Renault-Nissan-Mitsubishi Alliance which as recently as 2017 was the largest auto group in the world) said on November 28, 2024 that unless it finds a major new investor other than Renault it will likely go bankrupt 12 to 14 months from today. There is a thought that Honda (which normally goes it alone) may absorb both Nissan and Mitsubishi Motors. Stellantis (which includes Peugeot-Citroën-DS-Opel-Vauxhall in Europe plus what used to be Fiat-Chrysler (Fiat, Lancia, Alfa-Romeo, Maserati, Ferrari, IVECO, Magirus-Deutz, Chrysler, Jeep, Ram, Dodge, Mopar) is likely a year behind Renault-Nissan-Mitsubishi in their fatal problems. The Volkswagen Group (Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Porsche, Ducati, Scania, MAN, Rivian) is likely another year behind Stellantis in these same very serious problems. The Ford Motor Company (Ford and Lincoln) is next in line behind the Volkswagen Group. All of the “legacy” automakers from the USA, Germany, France, Italy, Japan and South Korea are facing the same ominous headwinds coming from the largest auto market on earth in Mainland China. Chinese automakers have finally come into their own in terms of volume production, sales network, product reliability and competitive pricing. In order to survive, the legacy automakers must return to basics – their original core business before the onset of luxury, before the onset of large trucks and SUVs and before the onset of the BEV (battery electric vehicle). They must return to basic, reliable and affordable transportation and they need to look at hydrogen fuel cell technology which can eventually replace the traditional internal combustion engine (gasoline and diesel). Toyota of Japan (Toyota, Lexus, Daihatsu, Hino, Subaru) is now the world leader in hydrogen fuel cell development for passenger cars followed to a much lesser extent by BMW of Germany (BMW, Mini and Rolls-Royce).
