ECONOMIC UPDATE: It's All One Big Scam
As the world economy is going down, the Davos “elite” keep getting richer
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Pick your country, take a trip around the world. By the hard facts and indisputable data, across the socioeconomic and geopolitical spectrum it’s a freak show run by political freaks.
On the geopolitical side of destruction, for decades we have been detailing the ongoing wars and social unrest sweeping the planet. On the economic front, it’s one big scam with the “Bigs” in full control of national economies.
Just look at the CNBC headline news of the day: Ukraine’s Zelenskyy meets with Jamie Dimon and other major investors.
Jamie Dimon is the JPMorgan Chase head whose bank admitted to five separate felony counts brought by the U.S. Department of Justice. And being a top member of the Bankster Bandit crime syndicate, as Wall Street on Parade noted, “regulators took no action to remove the Board of Directors or Jamie Dimon.”
And as for Ukraine’s Zelensky, this is the boy who, before becoming president of Ukraine, was a sitcom clown who played the piano for his fans with his penis.
So, what is the #1 priority of the Davos “elite”… i.e. the richest, most authoritarian, most arrogant people that control the Planet Earth?
MIND CONTROL: “Severity score: Misinformation and disinformation rank: 1st 1% Persistent false information (deliberate or otherwise) widely spread through media networks, shifting public opinion in a significant way towards distrust in facts and authority. Includes, but is not limited to: false, imposter, manipulated and fabricated content.”
That’s right, the Davos Mob’s #1 priority: if you don’t swallow the shit spewing out of the mouths of an “authority” (an “official” member of the government crime syndicate), you have no right to think for yourself.
We note this because the entire game is rigged and trend forecasts made using true facts and real data can be discounted when the crime syndicates who takes the world to war—as they are doing now—and keep flooding the globe with fake fiat currency, as this week’s Trends Journal cover illustrates, keep artificially propping up equities and economies.
The world is heading into Dragflation: declining economic growth and rising inflation.
However, with the crime syndicate taking the world to war—as evidenced with the expanding Israel War and confirming our 2023 Top Trend Middle East Meltdown—oil prices will dramatically spike which in turn will crash economies and equity markets.
No Happy Days
How bad is the global economy doing? Again, the fourth largest economy in the world and Europe’s largest, Germany, is in recession and as reported in the Financial Times yesterday, Up to 30% rise in German insolvencies projected for this year.
This is a headline story today of what is going on in Japan, the worlds’ third largest economy:
TOKYO, Jan. 16 (Xinhua) — The number of company bankruptcies in Japan increased by 35 percent in 2023 compared to the previous year due to rising prices and labor costs, a local credit research company has reported.
According to a survey conducted by Tokyo Shoko Research Ltd., the number of bankrupt companies in Japan with debts exceeding 10 million yen (about 68,189 U.S. dollars) reached 8,690 in 2023. The total debt of bankrupt companies exceeded 24.026 trillion yen.
Small and medium-sized enterprises with fewer employees constitute the majority of bankruptcies, according to the report, noting that the number of companies with debts below 100 million yen accounted for 74.7 percent of the total number of bankruptcies.
While the world economy is going down, the Davos “elite” keep getting richer.
According to Oxfam, the richest five men in the world doubled their wealth since the 2020 COVID War. They also note that the CEO’s of the ten biggest companies in the world are billionaires and the 1 percent own 43 percent of the global financial assets.
Indeed, as we say, since government, especially the United States, deregulated anti-trust acts, the “Bigs” have taken over the world economy and the rest of the people are plantation workers of Slavelandia: “Extreme poverty in the poorest countries is still higher than it was pre-pandemic, yet a small number of super-rich men are racing to become the world’s first trillionaire within the next ten years,” said Oxfam’s Chief Executive Aleema Shivji.
Sensing danger ahead, (which also illustrates Davos’ purpose to shut down those condemning the “Bigs” from taking over the world as procures of “misinformation”), Allianz CEO Oliver Bäte told the Davos “elites” that “We have an increasing detachment of the political elite from the working class and the people that actually go to work every day and that, I see as the number one risk for our societies.”
Making it clear as to who counts the most, The Wall Street Journal reported today that:
Goldman Goes Bigger On Wealthy Clients
Goldman Sachs has given up on lending to Main Street consumers. Now it is doubling down on wealthy clients.
The Wall Street giant is increasing lending to its private-wealth clients, individuals and families who on average have $60 million with the bank. In its trading department, loans to institutional clients, including hedge funds seeking to borrow for stock purchases, are on track to produce the highest revenue in at least three years.
Indeed, their policy of dealing only with the rich has proved profitable as, according to CNBC “Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue.”
TREND FORECAST: For the plantation workers of Slavelandia in the U.S., Intuit’s Credit Karma reported that some 24 percent of renters have trouble each month paying their rent.
The Davos “elites” see the danger ahead. Get ready for another major trend that we are forecasting: “OFF WITH THEIR HEADS 2.0.” Yes, the masses are ready to revolt.
As to where the equity markets and economies are going, never before in our 44 years of trend forecasting have we seen so many wild cards that will override hard data and economic realities.
The two key ones are the Ukraine War, the Israel War, that when played out will destroy equity markets, economies and if not stopped, much of life on earth. Indeed, considering the immorality and mental dysfunction of the political freaks in charge, they will ramp up these wars rather than calling for a ceasefire and peace on earth.
And considering where the trends are leading, we also maintain our forecast of sharply rising gold prices as investors seek the world’s number one safe-haven asset.
Never forget that Davos is a tool of world Jewry