ECONOMIC UPDATE: Look at the Big Picture
The devastation inflicted upon the lives and livelihoods of billions caused by the politicians’ three-year COVID War is incalculable
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Despite this month’s equity market bounce-back—minus a few wild cards such as the Bankster Bandits “Plunge Protection Team” rigging the markets, a dramatic lowering of interest rates and/or other fake market rigging and economic boosting scams—we maintain our forecast that the worst socioeconomic and geopolitical crisis has begun and the worst is yet to come.
Again, as we note above, “The world is going to shit in front of the eyes and ears for all to see and hear.”
Remember the great Tony Bennett love song, “I left my heart in San Francisco?”
Now it’s “My heart breaks in San Francisco.”
Thanks to the arrogant political scumbags who launched the COVID War at the start of the new year 2020 and locked down the city and the ball-less little geeks who told all their workers to work at home, the place has turned into a hell hole.
For three years—week after week in your Trends Journal we had forecast this would destroy not only San Francisco, but cities across the globe.
Here is today’s “big news” Fox headline:
Restaurants shut down ‘every week’ on once booming San Francisco street: ‘Drug abuse and vandalism’
Valencia Street businesses have fallen ‘30% and 50% compared to summer 2022,’ per the report.
Again, the devastation inflicted upon the lives and livelihoods of billions caused by the politicians’ three-year COVID War is incalculable. But now, all those that did not see it coming are making a big deal out of what is happening without pointing fingers at and condemning the power-hungry low-life politicians and the bureacraps that made it happen.
This was the front-page cover of yesterday’s New York Post:
LEAN STREETS
NYC’s post-COVID recovery among worst, foot traffic down 33%
Foot traffic in New York City’s business districts is still down 33% from what it was before the COVID-19 pandemic—one of the lowest recovery rates in the country, a new survey reveals. New York’s 66% recovery rate ranked 54th out of 66 cities surveyed.
Foot traffic in New York City’s business districts is still down 33% from what it was before the COVID-19 pandemic—one of the lowest recovery rates in the country, a new survey reveals.
They go on to note that “remote office work has caused a dramatic drop in foot traffic in Gotham’s business districts.”
Duh, no shit? Really? We had only forecast this for over three years ago that the lockdowns would make remote work a new way of life and that there would be an Office Building Bust and that businesses that depended on commuters would go out of business as fewer people went back to the offices.
Worldly Worries
We note the COVID War, brought to you by Beijing in January 2020 on its Chinese Lunar New Year, “The Year of the Rat,” because, again, the damage that it has inflicted on the lives and livelihoods of billions across the planet is incalculable. And the Chinese, who imposed three years of zero-COVID policy are paying the price.
Yesterday, Beijing reported that its October exports drop was worse than what The Street had forecast, falling 6.4 percent in dollar terms from a year ago.
On the upside, imports rose by 3 percent from last October, while the overall GDP of the world’s second largest economy in the third quarter was 4.9 percent… just a fraction off its 5 percent target.
Doing what they can to increase domestic sales, the government is pumping in more fake money. CNBC reported last week that “Chinese authorities late Tuesday announced one of the biggest changes to the national budget in years, along with the issuance of 1 trillion yuan in ($137 billion) in government bonds.”
Try as they may, it will do little to regenerate the economic growth they had before the COVID War.
Indeed, no longer reported by the Chinese government is the youth unemployment rate (16 to 24) which hit a record-high 21.3 percent in September.
And as we have detailed weekly, the Chinese economy from top to bottom, from real estate to luxury goods and financial investments are going down.
“I fear the Jewish bankers with their craftiness and torturous tricks will entirely control the exuberant riches of America and use it to systematically corrupt modern civilization. The Jews will not hesitate to plunge the whole of Christendom into wars and chaos so that the earth should become their inheritance.” ― Otto Von Bismark
https://cwspangle.substack.com/i/135302021/in-the-shadow-of-war-ukraine-as-the-great-reset-laboratory-of-the-global-tech-elite