When China launched the COVID War in January 2020, on its Lunar New Year, “The Year of the Rat,” it not only destroyed its economy, it destroyed the lives and livelihoods of billions across the planet.
Author: admin (Kendrick Williams)
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PUTIN DECLARES “BEGINNING OF THE END” FOR THE U.S. DOLLAR
With more countries trading directly in their own currencies instead of converting to dollars as the world’s standard of value, the dollar is on the way out as the world’s leading currency, Russian president Vladimir Putin announced last week at the St. Petersburg International Economic Forum.
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THE FUTURE: (NATURAL) HUMAN FLESH FOR FANTASY
By the year 2100, there will be less humans on earth than there are today, and exponentially more AI machines.
Those AIs will use far more energy, and far more of virtually every other crucial resource, in one capacity or another, than humans.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies. Now M&A activity has slowed to a trickle as we have continued to detail.
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TOP TREND 2023: OFFICE BUILDING BUST
As we correctly predicted, loans on office properties are increasingly hard to come by as property values and lease rates fall while landlords’ costs rise.
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SPOTLIGHT: CHINA’S ECONOMIC STUMBLE
China exported 7.5 percent less in May than a year before and imported 4.5 percent less, the General Administration of Customs said, cutting factory output and adding evidence that the country’s delayed post-COVID rebound has sputtered, which we reported in “China’s Post-COVID Recovery Fizzles” (6 Jun 2023).
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TURKEY’S LIRA CONTINUES TO FALL
Having secured his re-election on 28 May as Turkey’s president, Recep Tayyip Erdogan has appointed a new finance minister who promises “rational” fiscal policies.
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BANK OF CANADA SETS INTEREST RATE AT 22-YEAR HIGH
After a five-month pause in rate increases, the Bank of Canada (BoC) lifted its key rate on 7 June from 4.50 percent to 4.75 percent, its highest since 2001.
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WWIII: U.S. TO PROVIDE UKRAINE WITH DEPLETED-URANIUM TANK ROUNDS
The U.S. is expected to follow the United Kingdom’s lead and provide the Ukrainian military with tank rounds with depleted-uranium rounds that can pierce the coat of Russian tanks but raise health concerns for people in areas these munitions are used.