TRENDS ON THE ECONOMIC AND MARKET FRONT
In dumbed-down America, where nearly 45 percent of the people get what they call “news” from mainstream corporate TV and swallow the crap spewing out of the mouths of Presstitutes—media whores who get paid to put out by their corporate pimps and government whore masters—the vast majority have no clue of what in the world is going on.
Investors and bank depositors seeking a combination of safety and high returns continued sending their cash into money market funds last week as a U.S. debt default remained possible and fears about the banking industry continued to reverberate.
Dollar Tree’s earnings in its most recently completed quarter missed analysts’ expectations and sent the company’s share price sliding 14 percent.
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s favorite measure of inflation, rose 0.4 percent in April after gaining just 0.1 percent in March.
Consumer spending rose 0.8 percent last month after rising just 0.1 percent in both February and March, the U.S. commerce department reported. Even adjusted for inflation, spending was up 0.5 percent in April.
The number of U.S. six-figure earners living paycheck to paycheck has reached 49 percent, according to the latest LendingTree study, compared to 42 percent at the end of last year.
For the first time since at least 2012, the sale price of U.S. commercial real estate declined in the first quarter, year over year, according to a review of sales data by Moody’s Analytics.
To 27 May, eight companies, each with more than $500 million in liabilities, filed Chapter 11 bankruptcy this month, including five in one day. Last year, the monthly average was three filings, the Financial Times noted.
The U.S. Federal Reserve continues to withhold details about its most notorious public scandal in recent history.
TRENDS ON THE GLOBAL ECONOMIC FRONT
Europe’s cost of natural gas began rising sharply in the run-up to the Ukraine war as Russia curtailed gas deliveries to the continent in a show of political pressure; then gas prices skyrocketed again after Russia invaded Ukraine and the West slapped sanctions on Russia’s exports.
And as the numbers prove, while there are job opportunities in the low-paying service sectors, enormous numbers of middle and upper-class workers are out of work.
Roughly $2.8 billion will be invested this year to increase global energy supplies, with $1.7 billion, or about 60 percent, going to clean energy projects such as solar and wind generation, the International Energy Agency (IEA) has predicted.
On 22 May, the price of copper to be delivered two days later was $66 a ton cheaper than copper for delivery in August, the Financial Times reported, as traders expressed disappointment with China’s weak manufacturing recovery.
While the media calls it a new term to the lexicon, Greedflation has long been a part of the mega-corporations running and ruling a country near you.
The spate of corporations buying their own stock that we reported in “Company Stock Buybacks Set Record, Spark Investor Complaints” (23 May 2023) shows no signs of slowing.
Meeting on 25 May, the governing board of Mexico’s central bank voted unanimously to hold its key interest rate at 11.25 percent, halting its fastest and steepest series of rate increases on record.
China dominates lithium refining but has only 8 percent of the world’s raw lithium, less than Argentina, Bolivia, or Chile. Even the U.S. has more lithium ore than the Asian giant.
UKRAINE WAR TREND UPDATE
The U.S. has justified its military support for Ukraine by pretending to act as though it believes Kyiv’s promises not to use any equipment to strike targets inside Russia.
The Trends Journal was the first to clearly state that the U.S. is not conducting a “proxy war” with Russia in Ukraine, but rather Washington is at war with Moscow.
Sen. Lindsey Graham, R-S.C., one of the biggest war hawks in Congress who has called for Russian President Vladimir Putin to be assassinated at least twice, has visited Ukraine three times since the invasion and his latest trip drew increased Russian ire.
Yevgeny Prigozhin, the head of the Wagner mercenary group, urged Russian President Vladimir Putin to use the full might of the country’s military in Ukraine to save Russia from the risk of a revolution and to bring the war to a quick end.
FEATURED TRENDS GUEST ARTICLE By John & Nisha Whitehead
Let’s be clear about one thing: seditious conspiracy isn’t a real crime to anyone but the U.S. government.
FEATURED TRENDS GUEST ARTICLE by Dr. Joseph Mercola
Common fennel is a perennial plant in the carrot family. All but the roots are used in traditional culinary and medicinal preparations. The plant is native to the Mediterranean and is believed to have been part of Jewish meals since biblical times.
PRESIDENTIAL REALITY SHOW® 2024
Florida Governor Ron DeSantis benefited last week from near wall-to-wall media coverage after his presidential announcement while Robert F. Kennedy, the Democrat challenging President Joe Biden, continues to be ignored by the corporate media.
The Republican primary at this time in the Presidential Reality Show® is a race between former President Donald Trump and Florida Governor Ron DeSantis which is ratcheting up to be a bruising one between two men who are determined to prove their conservative strength while trying to win what is shaping up to be a personality contest.
Robert F. Kennedy Jr., the Democratic challenger up against the incumbent President Joe Biden, criticized the U.S.’s decision to support F-16s for Ukraine as a “dangerous escalation” without much upside.
TRENDS IN TECHNOCRACY by Joe Doran
“The concept of a dream machine … the human-computer symbiosis … is exciting. We went from the bicycle to the steam engine with ChatGPT.”
Corporations have lately coalesced around the mantra that their unbound AI development and shock implementation isn’t meant to replace human workers, but enhance their productivity.
That the Federal government engaged in massive, coordinated, and unConstitutional censorship of American citizens, has already been convincingly established by the ongoing Missouri vs. Biden landmark court case.
TRENDS IN CRYPTOS
Large tech companies and partnerships are providing a lot of the backbone AI technology and APIs that other companies and smaller start-ups are using to create end-user apps.
The 2024 Presidential contest now has both a Democrat and Republican candidate who have explicitly endorsed Bitcoin.
TRENDS IN THE COVID WAR
Not one healthy person under the age of 50 died from COVID-19 in Israel, according to data released by Israel’s Ministry of Health in response to a freedom of information request—further proving that the outbreak was never a “pandemic.”
TRENDS IN GEOPOLITICS
Russia slammed the U.S. for sailing the USS Gerald R. Ford aircraft carrier to Oslo, Norway, last week as an “illogical” flex as the world’s largest warship sails to the Arctic for additional exercises.
Israel has long said that it will not allow Iran to develop weapons-grade uranium and would conduct an all-out war to prevent what it sees as an existential threat.
The United Kingdom is being flooded by migrants fleeing from countries that are either war-torn or face paralyzing economic hardships—further cementing our “NEW WORLD DISORDER” forecast.
The U.S. has been trying to sell fears that the Russian invasion of Ukraine will cause a domino effect in the Indo-Pacific and Japan has been a willing participant in militarizing for a possible conflict with China in the future.
The U.S. continues to provoke Iran in the Strait of Hormuz as the two countries recently got involved in tit-for-tat ship seizures in one of the world's most strategically important waterways.
Henry Kissinger, the former secretary of state who has become an authoritative voice on foreign affairs, turned 100 years old last week.
China has warned European countries against following the U.S. down the path of confrontation in its zero-sum game to prevent the emergence of a unipolar world and to keep the current “global world order.”
It’s not what we’re doing that may signal disaster, for western developed so-called “democratic” societies, most of all.
Dr. Vivek Murthy, the U.S. surgeon general, issued an advisory last week warning of the risks that social media sites have on mental health—especially young people—and called on lawmakers and Big Tech companies to enforce age minimums and create default safety settings.
As we forecast when politicians launched the COVID War in 2020 and colleges forced students to learn from home and then prohibited them to return to school if they refused to get the COVID Jab, fewer students would be going to college.
TRENDS IN HI-TECH SCIENCE by Ben Daviss
Research biologists editing DNA have been buying their DNA samples from about 100 specialty suppliers. Those samples have been used to create new drugs, biofuels, and crops.
Gert-Jan Oskam, a Dutch man whose spinal cord was damaged in a bicycle accident, is able to walk again, thanks to an electronic “bridge” that transmits signals from his brain to the spinal column below the injury.
Forward-thinking researchers are foreseeing a time when future generations of humanity are running short of minerals because their ancestors have used them up.
TRENDS IN AI
The web is awash in phony news stories created by artificial intelligence (AI) and posted to social media sites, according to independent studies by NewsGuard, which finds and flags false information on the web, and Shadow Dragon, a company providing tools and training for digital investigations.
A French developer of healthcare tech was designing a ChatGPT-3 chatbot to take part in medical services and ran it through a series of tasks escalating in complexity.
OpenAI, the company that unleashed ChatGPT on the world, has created a mini-version of the chatbot for Apple’s iPhone. The bot understands voice questions and commands and responds with a text message.
With artificial intelligence (AI) ChatGPT registering 100 million downloads in its first two weeks on the market, investors are lunging for stocks that can ride the AI wave.
ChatGPT and the other generative artificial intelligences (AIs) now flooding workplaces could raise U.S. productivity by 1.5 percentage points over the next 10 years and boost the world’s economic output by 7 percent, according to a Goldman Sachs estimate.