Financial, Economic and Social Mood Update (February 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. Bear markets are notoriously known for violent bear market rallies which trick very many people to get back into the market – the exact same thing happened during the Great Depression stock market from 1929 to 1949 – and yes, the market did not fully recover for 20 long years during that momentous & traumatic time in human history: https://www.elliottwave.com/Metals/How-Countertrend-Rallies-Can-Slyly-Lure-in-Investors?utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbscounterrally230126.
One of my subscribers recently asked me if I thought that Bitcoin BTC (which rallied as high as USD $20,000 on January 14 – and yes, a digital asset like this trades 24/7) will still go to zero. My reply is that I believe NOBODY should have anything to do with any cryptocurrency henceforth. Many people did make a killing in these digital assets, but those who did so got in especially in the beginning. The Bitcoin BTC “white paper” was released in 2009, private trading among pioneers took place from 2010 to 2015 and members of the public who did get it should have done so in 2015 & 2016. Most investors who purchased cryptocurrencies after 2016 either broke even, lost a little or lost their life savings. On January 13, 2023 the SEC (Security and Exchange Commission) sued both the Gemini Trust Company (owned by the Winkelvoss twins) and Genesis (owned by Barry Silbert who along with the Winkelvoss twins ranks among the 7 biggest US Dollar billionaire investors in cryptocurrency) due to the insolvency of the former “Gemini earn” program in which investor money has been totally frozen since November 16, 2022. As I have said, all cryptocurrencies and cryptocurrency “exchanges” have been behaving like commercial banks, taking customer money and making loans with that money. Due to the severe asset value price collapse in the entire cryptocurrency market since November 10, 2021 most of those loans have since gone bad – the loans were likely plowed back into the digital currency markets. “If it walks like a duck & quack like a duck, it must be a duck” – if cryptocurrencies & cryptocurrency exchanges behave like commercial banks, then guess what – they must be regulated like commercial banks.
The evidence of yet even more deflationary collapse brought on by government interference in the global economy can be seen in the all-important transportation & automotive manufacturing sector. The deflation in the financial markets is merely a normal free market response to so many years of governments creating inexpensive credit out of thin air – their policy of propping up consumer demand by way of artificially low interest rates and by “printing money” as the US government has been doing hand-over-fist …………………..with every succeeding Presidential Administration being even worse than all of its predecessors.
Very many automotive dealerships across the globe (this is especially noticeable in North America & Europe where electric vehicle sales are the highest due to the most government “incentives” – merely another form of “welfare”) have decided not to make the huge financial investments need to switch over to BEVs (battery electric vehicles). Here in the USA, only 64 percent of Ford and 59 percent of Lincoln dealerships will survive this expensive transition. Once again I will repeat that the current BEV (battery electric vehicle ala “Tesla”) is NOT the correct way to move forward – they are NOT good for the environment and furthermore the entire narrative invented by the powerful individuals behind the World Economic Forum (WEF) of Klaus Schwab is a huge LIE. The narrative of “climate change” and “global warming” are false – they are huge lies, and moving over to their so-called “green energies” will NOT help the environment – they will actually harm the environment, they will continue to destroy the global economy and they will continue to lower to the overall global standard of living & quality of life.
Far better alternatives for the transportation & automotive manufacturing (as well as for the energy sector) are the hydrogen fuel cell vehicles and the newer “e-fuels” being developed by companies such as BMW and Porsche – clean gasoline & diesel alternatives made largely from hydrogen & methane which will allow gasoline & diesel engines to run very clean.
These primary elements such as hydrogen (water or CO2), methane, carbon and Sulphur are the building blocks for all life on earth. It is nonsense & a huge dangerous lie to say that they harm the earth. Without them, earth never would have been home to life – the earth would have been a barren planet much like the Moon and Mars.
Everything but everything supported & backed by Klaus Schwab and his World Economic Forum (WEF) is bad to the core. The WEF pulls the strings behind all western governments (and many others beyond the west). They are behind the most massive wealth transfer in human history due to their false narratives behind numerous global industries including “green energy,” pharmaceuticals & healthcare (a false healthcare which is intended to keep people sick), armaments & defense (intended to invent false “enemies” & create perpetual wars), and the global central banking system (intended to maintain perpetual debt slavery & to destroy the purchasing power of money). They seek to create permanent chaos by promoting never-ending change, and by promoting “identity politics” which aims to divide & conquer the entire human race. They rig elections in countries all over the globe to ensure that their lackeys obtain political power & remain in power.
Emerging World War 3
I hate to have to write about this. The political & mainstream media “leadership” (or better = self-appointed “elites”) in the West = the USA, Canada & Europe (the European Union, the Council of Europe) are continuing to incite a Third World War against the likes of Russia, Mainland China, Iran and their allies in the bulk of the massive Eurasian landmass. The Vice Chancellor & Foreign Minister of Germany stated in front of the Council of Europe in Strasbourg that Europe is “at war” with Russia. She (who leads the German so-called environmental “Green” party) also said that she does not care that 63 percent of the German electorate is AGAINST sending weaponry to the corrupt government of the Ukraine. The Minister of Defense of Italy recently said that if Russia marches into the rest of the Ukraine (the capital city of Kiev plus the western Ukraine next to the Polish border) NATO will fight Russia and World War 3 will commence. A US Air Force General recently told the US Air Force that the USA will be at war with Mainland Red China by 2025 – 2 short years from today. A Dutch Admiral stated on January 29 that NATO “is ready for war with Russia” and that the economies of the west must transition to a “wartime economy.”
This is 100 percent INSANITY / MADNESS and this MUST STOP IMMEDIATELY!
This war in the Ukraine (which has already reduced the population of the entire country by 78 percent since its peak of 52 million people back in 1993) has been orchestrated by NATO to gradually encroach upon the territory of the former Soviet Union which collapsed in 1991. Western governments are now openly promoting the prospect of “regime change” for countries such as Russia, Belarus, Serbia, Mainland China and Iran. What does this mean? It means 1) military overthrow of their governments, 2) destruction of their economies, 3) annexation of their sovereign territory and 4) breaking them up into many, many smaller & highly unstable countries.
But the maniacs in the “leadership” of the West will not likely make it that far. Why? Because the countries of the massive Eurasian landmass (members of the Shanghai Cooperation Organization) have 86 percent of the human race on their side of the fence and their combined military strength outnumbers the West by more than 3 to one. Russia alone has the largest global nuclear arsenal which can destroy planet earth many times over. Mainland China (which has the 3rd largest nuclear arsenal in the world after the USA) has the capability to destroy the entire planet with the exception of South America (due to the range of their missiles).
The Russian-Belarusian-Serb army now massed in Eastern Europe is the 10th largest army in recorded human history with more than 4.1 million men under arms equipped with 13,000 modern tanks, infantry fighting vehicles (IFV), mobile rocket systems & other armored fighting vehicles (AFV). This massive army includes fighting men from countries including Russia, Belarus, Serbia, Syria, Iran, the Central African Republic, Libya, Mozambique, Mali and the UAE.
An end to this war must be negotiated IMMEDIATELY and the criminal elites “ruling” the western countries must step down. If not, a global war of ultimate destruction will commence before 2023 is over.
