Financial, Economic and Social Mood Update (July 1, 2023)
This recent video from Elliott Wave International of Atlanta clearly and graphically illustrates just how weak the American economy and employment market are today – job openings or “help wanted” are now at historically low levels regardless of what is reported in the so-called “mainstream media”: https://www.elliottwave.com/Economy/Have-You-Seen-This-Chart-About-US-Job-Openings?utm_source=com&utm_medium=eml&utm_campaign=ar-cotd&utm_content=cotdrfjobopenings230531.
Yet another disturbing trend in the economy is the fact that brand new real estate costs significantly more to build than it is worth to sell in today’s market. Commercial real estate in the USA already has an astounding 50 percent vacancy rate, and in the residential real estate market this figure is 14 percent. The latter figure is largely due to the fact that many more affluent people have more than one residential property, and that they have no desire to rent those additional properties. In any case, building material & labor costs are such that all real estate cost much more to construct than it is really worth – this holds true for high-end real estate all the way down to so-called “affordable” housing. If you purchase a good insurance policy for your property, you should notice that the entire “blanket” policy is worth much more than the actual property is worth. You will need this coverage in case of emergency, disaster or tragedy because it will cost much more to rebuild the same property from scratch – more than the property is actually worth. For modestly priced homes this “surcharge” will be from 30 to 40 percent more than the property is actually worth. For high-end real estate the same “surcharge” will be much more – say up to 200 percent more than the property is worth. To make a long story short, this tells us that this is NOT a good time to construct brand new real estate.
The international corporate world continues to shrink – in other words, the number of companies continues to go downhill. The Nasdaq Composite Index is down to just 2,500 publicly held corporations. The Wilshire 5000 “total market” Index is down to merely 3,660 publicly held corporations (this was once well over 5,800 companies). The total number of publicly listed corporations worldwide is 7,658 of which only 6,371 have any employees. Total employment of these companies is 110,901,181 and their total market capitalization is USD $91.774 TRILLION – down from USD $124.4 TRILLION on December 31, 2021. In short, this small paragraph has just described for you an accurate snapshot of the entire global equity market today. There is nothing mysterious, magical or amazing about it.
Emerging World War 3
The so-called and much-anticipated Ukrainian “counter offensive” has been launched against Russia, and it is pathetic to say the least. It consists of no more than 55,000 troops of whom no more than 30,000 are actually trained. It may perhaps advance a few kilometers before the massive Russian Army (which happens to be both very well trained and equipped with excellent air cover) releases its fury toward the west. The best time for such an offensive to occur in terms of annual weather will be in June and July of 2023. The situation on the eastern front today is such that events will occur when Russia decides that they will occur – in other words, Russia holds all of the initiative & the west is militarily challenged or even impotent.
The alleged “rebellion” of the Russian Wagner Group is not what has been reported in the mainstream media (the mainstream media now telling no truth about anything whatsoever). The Wagner Group is entirely under the control of the Russian Army, much like the French Foreign Legion is under control of the French Army. US intelligence attempted to “bribe” the leader of the Wagner Group, which filled Moscow in on what was taking place right from the start – hence the quick end to the story and the fully “amnesty” granted from Moscow.
The so-called leadership in the western countries is anything but free and democratic – it behaves in a very authoritarian way. In some western countries, this goes so far that the current regimes in power are using the so-called legal power of the state to silence their political opposition. In any case, they have very little economic, financial and military resources left. Their time is thus limited and they cannot and will not last into the long term future. The whole rotten lot of them have a few years left at the very most. We are witnessing the end of empires, the “Fall of Rome,” the end game or a final death dance.
The deagel.com website lists 189 independent countries ranked by their human population, by the size of their economy and by the strength of their military force. At year end 2021 (18 months ago) Mainland China already had the largest economy in the entire world. The number 2 ranking USA was a full 46 percent smaller than Mainland China.
The most powerful military force in the world as of year-end 2021 belonged to Russia – and this was prior to the massive expansion of the Russian military since early 2022.
The number of sovereign countries abandoning the American Dollar for purposes of international trade, settlement of payments and reserve currency status is now up to a staggering 130 and practically growing by the day. The countries siding with Russia, Mainland China, Iran and their friends versus the USA & its lackey “allies” backing the criminal regime in the Ukraine account for 64 percent of global economic output (GDP), 66 percent of global military strength and 80 percent of worldwide human population. The die has been cast – the final outcome has been determined.
