Financial, Economic and Social Mood Update (March 1, 2024)
The Dow Jones 30 Industrial Index hit a record nominal high of 39,282.28 on February 23, 2024 and the S&P 500 Index reached a nominal high of 5,140.33 on March 1, 2024. The NASDAQ Composite Index also reached a record nominal high value of 16,302.24 on March 1, 2024. According to Elliott Wave technical analysis the stock market has never been so severely overly bullish or overbought. We can make the same statement for virtually all classes of assets including for real property. The overall global stock market is 45 percent below its record nominal high from December of 2021, and the overall cryptocurrency market is 66 percent below its record nominal high from November of 2021. We are witnessing nominal & real bear market retracement – this is not a real bull market. Never forget for one moment that our nominal fiat currencies have become so decimated – i.e. in real terms we are much less affluent today than we were in the past. Some billionaires and millionaires at the very top (but not all of them – not all of them are dishonest) are getting ever richer and more powerful……………….in particular those on the side of the World Economic Forum (WEF) led by Klaus Schwab in Switzerland who controls most western governments and the all-powerful investment banking trio of Blackrock, Vanguard and State Street who in turn control the all-important corrupt industries of investment banking (the business of robbing us blind), defense (endless wars) and big pharma (the business of poisoning us). These 3 all-powerful and corrupt investment banks are literally in the process of trying to buy up every asset on earth. They already own and control 55 percent of publicly held corporations on the planet and are trying to gobble up the remaining 45 percent (note that this figure corresponds exactly to the global stock market value I listed above). And note the real reason for every single war being waged on earth today (and ever war waged in human history) – it is to rape and pillage the countries where the actual killing takes place. Blackrock, Vanguard and State Street now own 40 percent of all arable land in the Ukraine and China owns another 9 percent thereof. THIS WAR NEVER SHOULD HAVE HAPPENED IN THE FIRST PLACE. Total fault for this war lies on the doorstep of the US government and NATO for even keeping NATO alive after the demise of the former Warsaw Pact, for expanding NATO toward the former Warsaw Pact countries, the former Soviet Union and the current Russian Federation and for overthrowing the legally and freely elected government of the Ukraine in 2014.
Why are nominal prices so high? Why is the purchasing power of our money so low? Why is the standard of living for most people lower now than it used to be years or decades ago? The answer to these questions lies in the creation of central banks – most countries have them. In the USA this was done in the year 1913 with the establishment of the Federal Reserve System. The first modern central bank was established in England in the year 1694. These banks are not “government” institutions in the true sense. They are actually owned by the biggest commercial banks, which are in turn owned by the wealthiest and most powerful families on the planet – but don’t waste your time by looking for these families on the “Fortune” or “Forbes” lists. Their real names are the likes of Rothschild and Rockefeller.
Central banks “print” or “create” money out of thin air and then they lend this money to their member (owner) banks which in turn make loans into the overall economy – for governments, corporations and to individuals for mortgages, auto loans, student loans, credit card loans and the like. THIS is the reason for our hyperinflation, which has taken place worldwide. For instance, the purchasing power of the US Dollar has fallen by 96 percent since 1913 – the story is similar (somewhat more or somewhat less in terms of percentage decimation of the currency) worldwide.
ALL prices are thus inflated for whatever products or services, for whatever tangible or non-tangible items. GDP or GNP (Gross National Product or Gross Domestic Product) numbers are also thus extremely inflated especially for countries such as the USA. To see this, look no further than what an average family earns compared to the “per capita” Dollar figures for GDP and GNP. In the case of the USA, the GDP numbers are inflated by an astonishing 85 percent! That is correct – 85 percent of the modern American economy consists of “funny money” which of course is not funny at all.
The USA also has no fewer than 28 million illegal immigrants today – the actual number is more like 40 million and the largest estimates go as high as 52 million individuals. The American government on all levels (national, state and local) prints, taxes and spends USD $500 BILLION per year as of 2024 to support these people in the way of income assistance (welfare), medical care, housing, transportation to the city of their choice and so forth. This madness cannot and will not continue. The end result will be the economic and social order collapse of the USA and of other countries doing something similar. These other countries are the “lackey” countries of the USA – largely located in North America, the UK, Europe (the European Union, the EFTA and NATO) and in limited locations elsewhere on the globe: Japan, South Korea, Taiwan, the Philippines, Israel, Australia, New Zealand, Paraguay and Haiti. The rest of the world is on the other side of the fence – the side of the BRICS countries, of the Shanghai Cooperation Organization (SCO) and of China’s Belt & Road Initiative (BRI or B&R) to which 155 countries belong.
