COVID-19 War: Political Freaks are to Blame for Declining Economy, Human Spirit: Celente
COVID-19 War: Political Freaks are to Blame for Declining Economy, Human Spirit: Celente
It’s one sick joke the politicians keep playing, the Presstitute media keeps selling, and the people keep swallowing.
Two and a half years ago, January 2020, the Year of the Rat, the COVID War was launched in China. Following their draconian lockdown mandates to kill the coronavirus, Italy’s political dictators were the first to march in lockstep with the Chinese way... and the rest of the world, including so-called “Democracies,” quickly started to march in lockstep with the fascist/communist dictates.
The socioeconomic, geopolitical, physical, mental, and spiritual damage these political dictators inflicted upon the world—and the long-lasting implications—is incalculable.
And, rather than blame those little boys and girls that the obedient masses bow down to and obey—such as presidents, prime ministers, governors, mayors, arrogant “health officials” and other stooges that enforced their useless, murderous mandates—they now blame the massive damage on “the pandemic.”
A prime minister of propaganda, The New York Times, which arrogantly touts that the crap they sell such as war, hate and hysteria as “All the News That’s Fit to Print”... is, and was, a prime promoter that it was “the pandemic” that has caused the current hardships, and not those politicians who are factually responsible.
Here is yesterday’s front page story headline in “The Paper of Record,” or more accurately, the Toilet Paper of Record: Stars Return to Fill the Stage, But Gaze at Many Empty Seats.
“Stars?” Actors, singers, comedians are brightly shining “Stars” in the world in which the masses know the cast of every big movie, the batting averages of every baseball player, which team is first to last and by how many games... and the list goes on with each “sport” at home and abroad.
The article goes on to state that “Fewer than half as many people saw a Broadway show during the season that recently ended than did so during the last full season before the coronavirus pandemic” and that “Many regional theaters say ticket sales are down significantly.”
No, not before the “coronavirus pandemic.”
That is an outright lie.
More accurately, the neon lights were shining bright on Broadway before a mob of power-hungry political freaks, like New York’s Governor Andrew “Daddy’s Boy” Cuomo who won an Emmy Award for his lockdown bullshitting skills and the jerkoff ex-Mayor Bill DeBlasio imposed their made up mandates that lacked a scintilla of hard science.
They and others across the globe are responsible for the socioeconomic, geopolitical, mental, physical, and spiritual devastation that has destroyed the businesses, lives and livelihoods across the globe...NOT THE CORONAVIRUS PANDEMIC.
Getting Worse
As we have extensively detailed in The Trends Journal since the COVID War was launched, the countless trillions pumped into economies and equity markets to artificially boost them by politicians and central banksters would not only provide a temporary lift, their measure would be severely damaging.
According to a new survey as detailed in The Wall Street Journal, business activity in the U.S., Europe, and Japan fell in August while prices shot up and consumer demand fell.
Yes, but only we, The Trends Journal, are calling it what it is, “Dragflation: Economy drags down as inflation goes up. But despite our sending out tens of thousands of press releases detailing Dragflation realities, it is blacklisted by the mainstream media.
Also, adding to the higher prices are the sanctions imposed on Russia by the United States and its NATO allies.
There was also a sharp drop in business activity in August. It was expected to rise to 49.2 percent but the S&P Global survey with the composite purchasing managers index for the economy—which measures activity in both the manufacturing and services sectors—fell to 45.0 in August, down from 47.7 in July.
A reading below 50 indicates a contraction; a reading above that level indicates growth.
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Touting the bullshit line that the coronavirus was responsible for the sagging numbers rather than the politicians that inflicted the damage, the WSJ claimed that this “was the lowest reading since May 2020, early in the pandemic.”
Again, not “early in the pandemic,” but rather early in the lockdowns and massive draconian mandates imposed on businesses, lives and livelihoods that have changed the course of history.
And like the rest of the mainstream media, with two consecutive quarters of contracting gross domestic product and near record high inflation, WSJ refuses to call it what it is: Draglation.
S&P Global also noted that so far in August, the PMI for U.S. services providers fell to 44.1, from 47.3 in July and U.S. manufacturers’ output contracted for a second straight month.
Over There
On the European side, WSJ reported that S&P Global said its composite purchasing managers index for the eurozone fell to 49.2 in August from 49.9 in July, reaching an 18-month low, with manufacturing output down for a third-straight month.
And thanks to the sanctions imposed on Russia by the U.S. and NATO, the gas prices keep spiking higher and the economy falls lower: Dragflation! Business activity in Europe fell for a second month in a row.
Again, towing the “Pandemic” bullshit line, WSJ wrote that the “PMI for Germany pointed to the sharpest decline in business activity since June 2020, while the measure for France pointed to the first decline in activity since the first wave of the pandemic.”
No, NOT SINCE THE FIRST WAVE OF THE PANDEMIC, you PRESSTITUTES, but from the “first wave” of the draconian lockdowns that were based on political science and dictatorial aggressiveness... not hard science and indisputable data.
Bad to Worse
Thanks to a surge in gas prices and a declining economy (despite EU interest rates at zero percent), the euro slumped to its lowest level since 2002 yesterday. Thanks to the sanctions NATO and the U.S. imposed on its biggest gas supplier, Russia.
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Hitting more than 14 times its average of the past decade, yesterday, the benchmark TTF gas price in Europe spiked over 10 percent to a high of €292.50 per megawatt hour. It eased a bit but still hit its highest closing price on record. In the UK, gas prices for next-day delivery surged as much as 33 percent to £4.80 a therm ($57 per million BTU).
Thus, there are more pressures for Dragflation: Rising European TTF prices as the economic growth declines.
The S&P Global’s surveys also noted that private sector activity in Japan and Australia also retracted in August.
Zoomtowns
Remember the record low housing inventory as people fearful of getting the coronavirus fled highly populated areas, moved to exurban areas, escaped to states with less COVID mandates... and as more people worked from home they upgraded their dwellings?
Those times are gone.
According to the latest data, the supply of unsold new homes is its highest since March 2009... a period of deep economic-downtime during the Great Recession. July new home sales crashed 12.6 percent, a much bigger fall than was expected. Year over Year sales have collapsed 29.6 percent.
Dropping for 6 consecutive months, sales of existing homes in July were down 5.9 percent from June. This was the sixth straight month of a decline, with a 20.2 percent drop from a year earlier. But while existing sales were down, according to the National Association of Realtors the median price last month was $403,800, up 10.8 percent from July 2021.
CNBC notes that “homebuilder sentiment has turned negative and buyers are canceling contracts in the face of interest rates that have jumped to 5.72 percent from below 3.3 percent heading into 2022.”
TREND FORECAST: It’s Dragflation in the housing market: Sales dropping, prices of homes rising. Overall, we forecast that as economic conditions deteriorate, home prices will also fall. How far and how fast depends on how high and how fast the Federal Reserve raises interest rates. Simply, the higher and faster interest rates rise, the faster and deeper housing prices will fall.
Also, should the Fed relax its interest rates hikes, home prices will decline just slightly.
But as we have also forecast, the big real estate crash on the near horizon is in the commercial office building sector in Manhattan, San Francisco, Chicago, Cleveland and other major cities in the United States and abroad where strict COVID War rules were imposed and masses of commuters stopped commuting. Therefore, the wider and longer the work-at-home trend persists, the deeper the commercial real estate sectors affected by this trend will fall.
We forecast that the resistance to RTO (return-to-office) is a new 21st century way of life. With more employees working from home, less rental space is needed which means higher profit margins for businesses that pay less for less space.
Indeed, mirroring what we have long forecast since the COVID War began and the work-at-home trend accelerated, this is the headline in today’s Financial Times: “Apple staff cite ‘exceptional work’ from home as they resist back-to-office order.”