Warren Strauss is a dear friend and a wise man in the world of finance and investment. He sent me the following the other day with no thought that I would publish it. I asked his permission and he gave me the greenlight.
We are in a brutal bear market. If the last bear market of length was 2000-2002 (2 1/2 years) , then this one has the makings of much worse. How much worse is hard to say.
Here are the reasons this is likely to be worse:
1. Structural Hot Inflation–this is the result of current US Domestic policy restricting mining, drilling for natural resources on US Federal land, off shore drilling, and inhibiting projects that facilitate movement and storage of oil, natural gas, and natural gas liquids, and mining for important minerals such as copper, platinum group metals, nickel, lithium. I shouldn’t have to explain this, but the policy limits production, which limits available supply, which causes prices to rise. The remedy for high prices would be to reverse the restrictive mining policies, which has a snowball’s chance in a hot climate somewhere. The president is encouraging mining and drilling in other parts of the world (rules for thee, not for me) such as Venezuela, Mideast and bring those carbon fuels here which is pathetically hypocritical, and decreases our self reliance and independence and sends our citizens $ to foreign nations who are hostile to our nation.
2. FED Policy Reversal The FED has been steadily reducing interest rates to zero since 2008 and further, has been creating funds to finance the explosion, yes explosion, of US Treasury debt from $4 Trillion in 2000 to $30 Trillion today. This is almost irretrievable to repair. A. 2000 saw Fed Funds at 5%. Today Fed Funds are 1.0%. B. 2000 saw Treasury 10 year at 8%, now the Treasury 10 year is 2.8% C. 2000 Treasury Debt to GDP ratio was 20%, today it is 120%
3. Global instability, from Eastern Europe and from China aggression into Hong Kong and Taiwan
A big problem for our self reliance and independence, is that a substantial amount of our useful technology is purchased from geographies where a hostile regime controls the factories. This is the case in China itself, as well as Taiwan. There is a risk of supply limitations and a real risk that the hardware has imbedded code which can cause harm to users in the US and the western world, raising the risk of cyber insecurity (which is the prime use of cryptocurrency for ransom payments) as well as hard functional insecurity, such as the electric distribution grid, or the cellular grid, or the banking grid.
Worse, western policy reaction to Russia’s special military operation in Ukraine has made the inflation worse by trying punish Russia with boycott policies and sanctions. Now that EU allowed itself to become dependent on Russian energy, without Russian oil and gas, the EU is desperate to replace Russian supply, and energy transfer infrastructure takes several years to build out. So EU is back to burning dirty energy such as coal, etc., and at a high cost. This hurts the lower income class the most.
There will be a tremendous shortage of natural gas for the coming winter heating season, which will either keep current domestic and global prices for natural gas elevated at current levels or cause further rises. We can’t say for sure, but the demand will be there for sure. And China is ready to pounce on Taiwan with little consequence from the West.
4. A strange fraud may be emerging in Social Media regarding how Advertisers have been billed for advertising products or services to phony bot accounts. It is very likely that advertisers will be scrutinizing their previous payments and future payments for advertising threatening the business models of social media companies. If so, and I strongly suspect it to be so, the projections for revenue and profit growth for social media companies will be remodeled, contributing to a decline in actual value, not just perceived value. It could be the current valuations for social media companies are still over valued and sharp declines for their stock prices are “in the cards” for the next several quarters.
There are more risks such as destructive tax policies, domestic civil unrest, clash of domestic ideologies, assault on the US Judiciary and continued gross voting fraud, as well as , public health policy built on false assumptions simply for imposition of infringement of liberties.
I cant’ think of a period in my life (born 1952) more dangerous than now. Even the Cuban Missile crisis did not have as many different threats from as many different sources. It was a perceived existential threat from nuclear power, Russia, to set up a nuclear threat right near our boundary. Looks familiar to me today with NATO setting up aggressive forces at Russia’s border and promoting the idea since 2020 of admitting Ukraine to NATO.
The only stock risk I can understand to be useful now is to own the production of domestic of US Domestic natural gas, whether it is for domestic consumption, or export for consumption in Europe, etc., as Liquified Natural Gas. That would be the base upon which to discover opportunities of sensible risk for investment growth to me. Somewhat similarly useful are producers of copper, nickel, steel, iron ore, platinum group metals, gold (of course), silver and phosphate fertilizer to alleviate the coming food shortages. If it comes out of the ground, it worth examination.
Stock markets have experienced optional or voluntary liquidation so far. Just wait until the bear market gets into its stages preceding to and into the Involuntary liquidation, or “forced selling.” This is when financial leverage destroys its own wealth. Today we still hear irrational platitudes of encouragement to remain invested. These platitudes have no fundamental justification by allure naive to hope for positive returns being just “around the corner.”
In 2008, many households were afraid to open their period statements from their 401K plans, or their investment manger statements. Today, households are still accessing their accounts online with hope for improvement.
The 1970’s TV show, The A TEAM, featured Mr T’s forceful emphatic toned voice expressions, such as “There will be Pain” or “I pity the fool…” have now become relevant again today for those who are willing to be intelligent and use their aptitude for self preservation.
Just watch diesel.
It is going to be a bloodbath.
Re: 3 Your “Global Instability”
“China Aggression” ?
Really.
Past 100 years, How How many WARS has USA fought compare to CHINA.
What’s the purpose of USA forming QUAD, AUKUS for?
USA need to look for TROUBLE in order to keep its MILITARY INDUSTRIAL COMPLEX running.
Warren is not a military guy. He did not mean to convey what you understand the term, “aggression” to mean. But I’ll fix that. He’s certainly empathetic with Russia on the issue.
Yes, sorry I homed in on those two words in what is otherwise an excellent post. Other than that one minor faux pas, solid observations.
Larry I want to recommend for your information the Ukraine civil war insider Youtube channel The Duran, if you’re not already familiar with it? What is your opinion on their veracity?
No need to apologize, I am tired of people trying to conflate the Russian situation with China. The biggest PR mistake for the US has been causing this issue with Russia as now China can say see. I can’t say more due to risk. Enough said.
Should have said ‘Larry no need to apologize’ CN has been massively aggressive just look at the South China seas and the border with india
never thought i saw this kind of ignorant and stupid comment in this blog , a true liar who posted lies and non factual data inline with US propaganda. this is just trolling or pure useful idiot level of intelligence blaming china for the issues that US made uo as their worldwide antichina propaganda,
The dystopian Shanghai lockdowns demonstrate China is just another member of the globalist club. China is cooperating with Klaus Schwab to create supply chain drive inflation in the West. Don’t fall for the good guys versus bad guys deception. They are all bad guys.
“Russian aggression in Ukraine ”
Come on, give me a break.
This bloke sounds like your typical NeoCon supporter, blame everyone else for your ills but the warmongering USA.
Hass,
You’re misreading him. He is no NeoCon. Just the opposite. Just accept he’s giving you the perspective of a normal US citizen.
👍
The stock markets are likely to rally from July to September before another crash phase, c.f. Ron Walker’s YT channel for more on that.
Martin Armstrong has been writing in his private blog that he is hearing rumors of an attempt to get Saudi Arabia and Israel to foment war with Iran to force Putin to fight on two war fronts. This could start in September, as they Neocons hope if they can start a war before the elections, that Americans are too patriotic to back down from war. The problem is the average American has no clue what is actually going on.
Larry I don’t want to post the link publicly, but I have a private document where I have accumulated a lot of information. I would share this with you if you would like me to email a link to it for you?
P.S. I am also a descendant of founding stock, revolutionary war Americans. I am laterally descended from Isaac Shelby, as Shelby was formerly a family name and then become my grandfather’s name Shelby Moore Sr. I’m the III. My father Jr. was West Coast Division Head Attorney for Exxon but unfortunately he’s not cut from the patriotic cloth and only cared about money. I care about my country and it is being wrecked now.
i find hilarious that the “bomb iran” crowd always go nuts everytime israel said “iran nuke in 1 month” nonsense. Saudi never want to aggrevate iran let alone war with them as saudi will be the biggest loser here , israel want iran destroyed but israel want US to fight and die in the war with iran.
russia can easily supply iran with advanced weapons without commiting russian troops. i dont know how one came to the logic of putin forced to open 2nd front , truly the kind of analysis coming from western koolaid drinker
Oil price duh. Think more.
The A-Team ran from 83 to 87.
I pity the fool who quotes this show wrong!
A few years is IMO very optimistic, particularly given the shortages of other critical metals and natural resources, such as titanium and copper, and moreso if China continues to stress supply chains in the name of Covid (Hey Blinken the genius announces we are coming for China next). There also are issues as to whether replacement petroleum are stable or short term and switching – you cant run a refinery that way.
This plan to impoverish Westerners is apparently being run by Klaus Schwab out of his World Economic Forum where all the relevant global elite hobnob.
In other words I don’t agree with Larry’s opinion that there’s not a plan and that it’s not well coordinated.
Yup. The ‘Great Reset’ is proceeding according to schedule.
“China aggression into Hong Kong and Taiwan.”
“And China is ready to pounce on Taiwan with little consequence from the West.”
Yikes. A smart guy inside the delusional American bubble, but dumb as a box of rocks everywhere else.
Typical western analyst , they are tainted with exceptionalism disease and deep down they think the west is the good guys and the rest need to bow down to the west
Excellent opinion. Cogently put. I think Warren is absolutely right.
Warren’s insights are prophetic as some time has gone by since he published his essay. When the Pretendent Biyme was sworn in I sold off about 20% of my portfolio, wish I had consulted with Warren, probably would have sold off 50%.
Thank you for publishing this insightful piece.
Henry
One of the interesting side aspects of the conflict is the reduction in the supply of noble gases, in particular neon. Russia and Ukraine were two of the largest producers. The process to extract it from the air is dependent of having a large steelworks nearby – one of the main Ukrainian plants was attached to the Azovstal plant for example. Neon is a vital component in CO2 lasers which are vital in producing semiconductors (it is used to take away the heat from the internal process and a constant supply is needed at a 99% purity level – it represents over 90% of the gas present in the laser, the other gases being Nitrogen and CO2). Now Russia has a stranglehold on the supply, since the US got rid of its steelworks, and Putin is cutting off supply in response to the West cutting off his supplies of semiconductors. Now, who will blink first?
We are certainly living in interesting times.
I’ve been following this whole crisis since 2006, ultimately unfolding as this particular geopolitical calamity, plunging us deeper into the trap of systemic crisis. I long ago made four criteria for an investment in these times
1- investment will only carry yield, forget capital gains
2- yield must be tangible
3- yield must be liquid
4- yield must not suffer diminishing returns
The only investment that ticks all of the boxes that I know of is regenerative agriculture
So I began a journey in earnest in 2009
This industry is still young, but it is ready to break out
Please check out my website and read my blog if you really want to know more about it, it’s a winner
http://www.syntropia.com.au
i see the neocons rushing in when their puppet biden won the whitehouse , to speed up their ukraine plan to bait russia into this conflict (after they failed to do so during trump).
the neocon did this in the midst of brutal economic problem and inflation in US , and the fed belated correction aka QT after years of irresponsible QE,
some ppl would say the PTB or deepstate calculate and strategize everything before acting , but in my opinion the so called deepstate behind biden are not thinking ahead and wargame the blowback of their actions.
witness the witless EU leaders proudly proclaim sanctions on russian and then have to walk back because they are totally dependent on energy issue with russia. No one can replace EU energy needs even at high prices. This blowback was never wargamed by EU leaders , they swallow washington’s reassurance the russia’s economy will crater and then russia will be the one begging for money to europeans.
and we got neocons in US who dont care a whit about US economy or impact of inflation to US citizen , as long as they can go full steam ahead enacting their russophobic plans using ukraine’s Nazis. That their plan already failed and the US and EU now facing blowback do not concern them. They think they are above the law and worst will be russian begging for forgiveness to them. Their hatred toward russia blinded them from the real consequences.
and sadly many US citizens are plain stupid and ignorant about the nefarious govt they got , and still supporting them. Truth to be told , the fate of USA will be similar to the fate of once-naval-superpower-and-military-superpower Carthage , whose people want to war with rome and tear up their own senators who advocate peace. Carthage lost their supremacy to a new nation called Rome , a land power.
Was it instead dissension in the ranks of the EU (e.g. Hungary) that is causing the hardcore World Economic Forum captured countries to have a problem with creating the ostensibly, intentional energy crisis that Klaus Schwab prescribed to his puppet politicians such as Biden, Trudeau, etc? “You will own nothing, and you will be happy.”
US can sustain their energy needs if they focus on local consumption only and stop exporting , alas it is the rule of capitalism that seek profit over petty stuff like low gas price for americans.. thus the thus US gas and oil peoducers sell their products to those nations abroad who will pay more.
will US govt forbid export of energy so american get lower gas price ? i highly doubt it.
as for the article above , i agree on the majority except the obvious delusion that china and russia are aggresor. China and taiwan issue are china’s problem , not US problem. ditto Russia and Ukraine. Many analyst from america cannot get their head far enough above the kool aid mud , their analysis always tainted with american exceptionalism and “we are the good guys” mentality ..
I sort of agree – But.
The biggest risk right now is holding cash. Do governments / central banks have any care to defend the value of money? Because traditionally 8% inflation rates imply 10-12% interest rates (and more for longer term dates).
The pretence is that inflation is a blip (it obviously isn’t).
So yeah – we will get 12% interest rates which will kill all investment markets (and protect money and ultimately savings).
OR we will get hyperinflation and anyone who sells stocks for cash will get their savings wiped out.
Runaway hyperinflation only happens when government entirely collapses, which isn’t likely in the coming years. When the bear market crash of the S&P to 1600 happens maybe by 2024ish, the dollar will become stronger. Yet if the supply chain has been obliterated (and especially if WW3 against Russia and China has been fomented) there can be severe stagflation and rationing. This plan seems premeditated. How do you get the population to accept central bank digital currencies and 666-like system of control? First you bankrupt everyone so they need to take universal basic income (UBI) in order to survive. This plan was ostensibly hatched by the World Economic Forum which claims to have every influential politician in their back pocket. Everything is going to get much worse. We are flying into a tumult and maelstrom of epic and horrific proportions. And Americans are clueless as to what is really going on. We could talk about COVID also which was also premeditated (corona viruses are nothing new, we get them every year and there was no increase in anything other iatrogenic “treatments” and mask wearing giving people pneumonia).
There are evil overlords enslaving us.
What does he mean by “destructive” tax policies?
I would have thought that given the last 45 years of tax policies underpinned by regressive determinations of the US Supreme Court the taxation system in the US couldn’t get much worse than it is now.
It’s only the ordinary people on wages, and small businesses of the US that pay any tax at all. The big corporations don’t pay anything. They move their money off shore, they get their lobbyists to write tax laws that provide a myriad of loopholes that enable them to avoid tax and they basically threaten the government with “tax strikes” if the government tries to get anything out of them.
They even have a kind of a tax on kids education, student loans, which you cannot get out of even if you are declared bankrupt.
This is lefty BS talking points. First off, big corporations do pay taxes and, no, they’re not all hiding money off-shore (I work for a Fortune 100 company. I know. The Trump tax cuts allowed corporations to increase pay and increase investments, which, in turn, meant more jobs and economic stimulus. Second, everyone who works for a “big corporation” pays taxes, as do shareholders who make a profit on their stock. You want to double tax.
Also, the vast majority of corporations are not “big”. Leftist hatred of capitalism and business, expressed as repressive tax policy and onerous regulations, harm risk taking hard working little and medium sized players more than the few big ones.
Why do most anti-war people also have to be far left/Marxist types?
Anecdotal rubbish!
Income tax 50%
Payrol tax which is just a tax on employment 36%
Corporate tax 7%
The rest is made up of estate tax custom duties
And where do the super rich like Bazos and agates make all their money? Through capital gains at a flat rate of 28%.
I worked for the international subsidiary of California Edison. They laundered their profits through the Netherlands (BV) and reduced their tax liabilities by at least half.
When they sold out to the UK’s National Power they did exactly the same thing.
Its not leftist bullshit it’s a fact. And I’m not even going to start on the corporate welfare they get by playing one state off against the other.
Like I said small and medium enterprises that aren’t international, do pay tax. But the richest; the oil companies, the tech sector, and the are lucky if they pay 5% in the dollar.
That’s why infra structure in the US is stuffed. The richest 1% don’t use it, they fly in their own helicopters and private jets. So there’s no money for decent public transport and all the stuff that benefits ordinary Americans. So you get private wealth and public squalor.
You’ve got one of the most expensive medical systems in the world with an infant mortality no 32 out of 33 one up from the bottom out of all of the rich countries club the OECD.
For poverty rates the US is third from the top, only better than Costa Rica and South Africa. Great result!
Of course more tax cuts for the rich will galvanise business to produce more, create more jobs and make everyone richer. If you believe that shit then I’ve got a bridge to sell you.
And it’s no different over here in Australia, because we copy everything you do and then some. That’s what globalization does for you.
Don’t insinuate that soaking the rich with taxes will work because it never happens. Never. Any tax hikes we push for will end up being on us the plebs. The solution is to stop paying income taxes. C.f. my other comment here where I referred to Anna von Reitz’s explanation that U.S. State Nationals have no obligation pay any income tax. The U.S. Citizens have to pay it because they are corporate vassals that never corrected their legal status, because they are ignorant of the facts.
We the people must educate ourselves and come out of the Great Harlot system.
Our enslavement by the global elite is the Great Harlot system mentioned in Revelation.
The ignorant people who are following the Great Harlot system are going to be enslaved and destroyed as the Bible says. It is really happening now. If you all would actually study the truth of what is going on in for example Ukraine (how Kamala Harris pushed Putin to invade, how Zelensky ordered Azov troops to position in residential areas in Maripol, etc), with the COVID scam, etc, you all would realize the world is being intentionally moved towards WW3 and enslavement by Klaus Schwab and the World Economic Forum who have the politicians and key people in the government bureaucracy (e.g. Fauci is controlled by Bill Gates and Bill Gates is a key member of the evil elite) in their back pocket. Gates has bought the CDC, WHO, etc..
So we Christians are told to come out of this world. That the world is wicked.
Once again, everyone working for the big corporation pays income and capital gains taxes. Why should the corporate entity then pay even more? That’s double taxation. I would say corporations should pay $0 taxes.
If you think throwing more money at the people having high infant mortality and poverty will make a difference, then you’re a dyed in the wool Democrat/Marxist (which I already determined). We have big swaths of the country’s population that place no value on family or education or hard work. It’s a cultural problem and the bad aspects of it are promoted and furthered by people like you. Giving these people more excuses and handouts isn’t going to help at all.
The better fix is no taxes and no government. Or minimal government. But there is no way the corporate vassal AmeriKa will go back to that.
However, the current U.S. government and State governments are impostors and entirely illegitimate. We American State Nationals can reassemble our legitimate government and ignore the impostor government that the 300 million corporate vassals will ignorantly follow.
I already posted the links for the education about this. Chose whether you want to opt-out of Satan’s Great Harlot system.
*choose
Anyone paying income taxes apparently isn’t aware of what happened ever since Lincoln’s Leiber code martial law and our legitimate government which is currently held in abeyance. Nothing that has happened since 1861 is legitimate (none of the laws and none of soi-disant Constitutional amendments are valid). It is an impostor government. Read 150+ IQ Anna von Reitz’s blogs (aka Anna Reizinger).
http://annavonreitz.com/
https://tasa.americanstatenationals.org/
If I owned a restaurant I would sell it immediately. The cost of fuel, food, and labor is going to put a lot of them out of business later this year. I guess it’s just a string of bad luck that so many food processing plants have been shut, so many chickens have died, price of fertilizers skyrocketing – wow – what a terrible coincidence.
I know cash depreciates rapidly during inflationary times but I would try to have some at least in real dollars in case of power or internet outages. Also, try to keep yourself healthy and avoid processed foods as much as possible.
Bill,
Agree on having some liquid assets – and on the problems of owning a restaurant type business. However, why this is going to be a disaster is that there really is no strategy to come out of unscathed. The situation presents only bad options to the individual trying to make it through. Of course it’s worse for older people on fixed incomes and/or stock and bond portfolies – not enough time, not employed with a salary to wait for the crisis to resolve in a few years (10? More?) and for the portfolio to grow back.
Eric, yep and as you said about people on fixed incomes, that will be another factor with restaurant closures where I live as most of the folks around here with money are retired, as food/gas prices rise they will have to eat out lesser and lesser. I don’t blame corporations either, just the current USA government. Without the corporations individual taxes would be through the roof.
Of course.
There are ripple effects on top of ripple effects. Here’s another one related to what we’ve noted – people that were looking at retirement are going to prolong those plans because of damage to 401Ks and other investment accounts and due to the diminished buying power of the fixed income. I’m probably in that boat. Was going to give retirement a serious thought next year, but now? Not so sure. So people like me staying in the job market means that fewer young people have a chance to move up the ladder which, in turn means, that there will be fewer new hires on the lower rungs. Those potential lower rung people probably are trying to manage student loan debt too.
Over this decade a large percentage of the population (in the West) will become indigent. The government will be forced to offer universal basic income (UBI), which means taxes must go up on those who can still provide for themselves.
UBI will be the enabler of a 666-like control over what everyone can buy and sell. There will be central bank digital currencies where each person’s number can be restricted, analogous to China’s social credit score system.
The world is moving towards complete enslavement by the Satanic elite. Because the people have disobeyed the Lord in 1 Samuel 8, which instructs us not to have a government. Jesus said walk with nothing but your bag. We the people have aspired to Babylon and so thus Babylon will enslave us as the Lord explained there in 1 Samuel 8.
Where does Warren think Powell will take interest rates?
I am 100% for taking the leash off U.S. domestic oil production and mining resources. That will give us another 1M bpd. To increase global oil supply, we could remove all sanctions from Venezuela, Iran, and Russia. This would increase oil supplies by 5M bpd.
Iran – Biden is continuing the maximum pressure policy, he added new sanctions and seized 2 different shipments of oil on the high seas (piracy).
Venezuela – Biden is only now removing some sanctions. We will ‘allow’ Italian and Spanish tankers to ship Venezuelan oil to Europe (isn’t that nice of us?) They could eventually produce 2M bpd more just by going back to the peak levels under Maduro.
Russia This is heresy but must we pick a side in every single conflict? We have ignored several conflicts over the past 20yrs and we actually aided Saudi aggression against Yemen. This idea is toxic in DC. Russia is currently the big bad.
Chris it wasn’t the U.S. picking a side. Our meddling created the conflict in Ukraine. Our leaders in the U.S. are working for the globalists and pushing the agenda for a WW3 to usher in the NWO.
Larry,
As a suggestion, you might consider discussing how the real goal and objectives underpinning actions may be discerned by evaluating said actions and their presentation(s), and working backward to motives and causation. That is, how a “back-bearing” analysis works and why it is important for understanding the real (often hidden) goal and objectives.
Said another way in the cavalry context: to look beyond the “demonstration” and “screening” operations to understand the real drivers of events. (I.e., what’s “behind the curtain.”)
In an age (and culture) wherein goal projection is universally enabled and encouraged through ubiquitous information “demonstration” and “screening” operations, discerning the driving goal and objectives behind events is critical to individual prosperity.
Should Mr. Strauss leverage this skill, he may be better positioned to offer remedies within the financial context.
– Harry
So legitimate security issues aside (e.g. NATO expansion), I have been wondering if Russia’s main objective in the Ukraine special military operation is to set the conditions that will weaken the US dollars influence in geopolitics and ultimately replace it with economic alternatives. Think about it for a few minutes…the US dollar as the world monetary standard and reserve has been the top US geopolitical economic warfare/diplomacy weapon of choice since Nixon nix’d (pun intended) the US dollar away from the gold standard.
Admittedly, I hate economics but I am sure paying attention to it now–all else depends on it regardless of what side of the fence you are sitting on.
The Davos Man crowd (One World Order, World Economic Fund, Build Back Better, Green New Deal) is comprised predominantly by Western oriented governments beholden to the US Dollar and the economic systems built around it (SWIFT, Petro Dollar, etc). The Dollar is the best way for Davos Man to achieve his/its goal through currency digitization and uber control of all things economic around the globe. Russian sanctions are just one example of the kind of economic power Davos Man seeks to wield and in fact is wielding under the guise of US/EU NATOstan countries.
Russia and a good deal of other countries are waking up and smelling the roses (or dollars) and doing the quick math…economic ties to the dollar and Western financial institutions are too risky. I can see alternative economies (commodities based) solidifying in Eurasia, South and Latin America, Africa, and even Eastern Europe starting to replace the dollar based geopolitical monetary standard in the very near future. We’re seeing it already.
As for the US we are a truly divided country that is unlikely to ever enjoy a reuniting event (even if aliens do attack lol). Unfortunately that means decline and fall for the US as a nation–certainly as a hegemon. In comparison, the Roman Empire took a couple of centuries of decline before its final end–I don’t think the US has a couple more centuries and our domestic and international “blowback” from decades of woeful use of the mighty US dollar as a weapon is definitely going to be a major factor in that.
Russia went in ostensibly to stop the shelling by Azov nazi battalions of innocent Russian civilians. Biden sent Kamala Harris to the Munich conference on Feb 20 to bluntly state that Ukraine should immediately be admitted to NATO, which is a security threat to Russia. Zelensky and NATO violated the Budapest agreement and essentially forced Putin to act. Putin never intended to take control of Kyiv nor all of Ukraine. Russia wanted to take the Russian speaking regions and the coastline, to gain a stranglehold on Ukraine’s economy so it can prevent any encroachment by NATO.
I wonder also if had to something to do with control of petroleum resources through Ukraine and the major Western oil companies were preparing to develop Ukraine’s reserves.
I mean “Russian speaking civilians in Ukraine”
Putin surely was pushed to the ledge intentionally by the Neocons (acting probably at the behest of the Davos globalists) because there is no way that Russia alone or even together with China can create a new reserve currency that will replace the dollar. Instead what this is doing is creating a disparate, multi-polar world that is ripe for Bitcoin to become the world reserve currency. John Nash had proposed this in his JSTOR Ideal Money manifesto. The Ideal Money (which Bitcoin replicates) will enslave the nation-states.
Someone behind the curtain is pulling the strings moving us to a NWO. Probably Rothschild given he preannounced Bitcoin on the 1988 issue of his Economist Magazine as the Phoenix that rises from the ashes of destruction that you currently see underway. They are planning to burn down the global economy with WW3 and then usher in the NWO.
Good points Shelby3…intentional or not, Russia’s special military operation is having all kinds of second and third order global effects…many of those are economic. There’s also a bunch of US/EU self-inflicted economic wounds which I think is Larry’s point regarding this article. Not sure how all of this ends…I am inclined to think that the NWO (Davos Man) crowd is starting to panic and would not put it past them to get us into WWIII.
https://www.theamericanconservative.com/articles/going-to-war-for-globalism/
Don’t fall for this narrative which attempts to fool you into believing that the Davos elite don’t want a multi-polar world. A multi-polar situation means the empire shifts to the globalist NWO organizations (e.g. UN, FATF, WB, IMF, etc) controlled by the elite. Rothschild pulling the strings behind the curtain created Bitcoin to enslave the nation-states in a model that was proposed by famed mathematician John Nash in his Ideal Money manifesto which you can read on JSTOR. Reading that document will be very instructive as to what the highest echelon of the global elite are cooking now for our future. Their underlings (e.g. prominent politicians) are compartmentalized to some extent.
So the highest echelon of the Davos elite (e.g. Schwab or perhaps above him in the ranks of Rothschild and shadowy old world elite) cooked up this war with Russia intentionally and they do plan to proceed to a WW3 sometime this decade most likely 2025 to 2027ish. The WW3 is necessary to bring about the NWO. From the ashes, the Phoenix monetary system will rise as was stated on the cover of the 1988 issue of Economist magazine.
Russia and China can tote their own water. We need to remain respectful and civil here.
Larry,
Sanctions haven’t worked so there’s a new strategy: tainting Russian exports with the “stolen” banner.
The US has warned 14 African nations not to accept Russian wheat shipments because they are “stolen.”
The Europeans have fallen in line.
Hahaha…
We have a well know Economist/Investment Fund managaer named Charles Gave in France…
The guy is pretty well known even across American Circles.
He’s totally barred to appear across any news TV Channel from MSM here jsyk!
But a simple interview on a radio show in France can get 4M views, wich is about 25M in the US. for a 78 still working Econmoist that ain’t bad!
Anyway, to the point, he said;
If 2008 was a teddy-Bear markett, what’s coming following the Ukraine crisis and the sanctions from the West is a true “Ursus Magnus”, aka “Grizzly Market”
Though contrary to your friend he advocated for a 40% Gold, 30% Chinese Bonds 30% Russian bonds for the layman to buy