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 Union, Serbia, the Balkans, Mainland China, North Korea, Iran, much of Africa and much of the Islamic world. The fatal mistake here was to enlarge the European Union (EU) and the North Atlantic Treaty Organization (NATO) into the countries of the former Soviet Union, specifically to the borders of Russia in the form of the Ukraine, which is itself the historical origin of both the modern Russian nation state and of the Russian Orthodox Church.
The military forces being amassed by Russia & her allies on the Eastern Front today have the very real ability to grow into the largest military force in recorded human history. 700,000 troops equipped with 8,000 tanks & other armored fighting vehicles (AFV) such as infantry fighting vehicles (IFV) & mobile missile platforms are already deployed in three (3) army groups surrounding what is left of the Ukraine – from the north in Belarus, from the east in the Donbas region and then in the south just above the Crimea. Behind these troops in Russia, Belarus & Serbia are many more troops which can raise the troop level to 6.5 million men equipped with 85,000 tanks & other military vehicles. If need be, all of the Eurasian & African countries behind Russia have a combined resource of 786 million able-bodied potential soldiers – a force which will outnumber whatever the western countries can muster by more than 3.3 to one.
I recently heard an American college professor claim that the combined nuclear arsenals on earth could NOT destroy all life on earth. He is totally wrong in his belief and claim. Based upon what the US Army Air Force did to the Japanese cities of Hiroshima & Nagasaki in August 1945, the combined nuclear arsenals of today could kill everyone & everything on planet earth 5.7 times over. Furthermore, a whopping 83 percent of this combined nuclear firepower (with its utterly lethal radiation) belongs to Russia and her allies.
The only sane option here is to negotiate an end to the Ukraine war and to respect Russia’s right to her own sovereignty & to respect her geopolitical sphere of influence. The entire policy of “regime change” must end for all time. NATO should be disbanded=ended=terminated for all time as was the former Warsaw Pact in 1991. The European Union (EU) must cease its expansion for all time and reduce its governmental scope back to what it was in the 1950s to 1980s.
There has already been far too much duplicity & outright criminality. The Biden Administration along with the government of Norway deliberately destroyed the Nord Stream Pipeline which was exporting fairly priced Russian natural gas into Western Europe. This criminal act was meant to keep Europe subservient to the military-industrial complex of Washington, D.C. – this was an act of colonialism meant to keep one group of human beings subservient to another group of human beings.
Insane voices within certain western governments have already spoken of marching all the way to Red Square in Moscow, of re-gaining lost territory from the past and of using nuclear weaponry. None of this can end well. Almost every single war in human history never should have taken place. The situation after every war is always much worse than the situation was before the war. Survivors end up wishing that the world would go back to the way it was before the war. The only “winners” are the merchants of death – the armament manufacturers who become ever richer upon the dead bodies of tens or hundreds of millions of regular human beings who are sacrificed in ever more pointless wars.
