World is on Precipice of an Unprecedented Economic Calamity
The game is rigged, and it's about to get bad
The world is on the precipice of an unprecedented economic calamity.
As we have thoroughly detailed in The Trends Journal over the years with facts and indisputable data... the game is rigged. Thus, it is difficult to forecast a precise time and date for the calamity to become “official.”
Need more “rigging” proof? Read this week’s Trends Journal article: “TWO JPMORGAN EX-TRADERS CONVICTED OF FRAUD”.
How about this headline story in today’s Wall Street on Parade: “During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful.”
They go on to note, “The Justice Department’s credibility was dealt an irreparable blow during the Obama administration for its hands off attitude toward prosecuting crimes by Wall Street titans. The crisis of confidence deepened further during the Trump circus at the Department of Justice.”
Therefore, be it illegal activities from The Street’s money junkies, the Banksters bandits and/or the government crime syndicate’s dirty dealings, market manipulation with their cheap money pumping scams, quantitative easing bond-buying swindles, bailouts, Plunge Protection Team racketeers, etc., the game is rigged. And as George Carlin said: “It’s one big club, and you ain’t in it.”
Also:
Putin Blames U.S. for Using Ukrainians as Cannon Fodder
Kissinger: U.S. at ‘Edge of War With Russia’
When will the “crash” become “official?”
It won’t happen until the equity bomb explodes and Wall Street comes tumbling down.
For example, while someone can be seriously ill for months—or years—despite their ongoing suffering, they are not “dead” until the system collapses.
The world economy is seriously ill. But despite its worsening condition, such as the latest reports of China’s stumbling economy and recessionary/depressionary conditions spreading across the planet, the patient is still alive, being pumped up with monetary methadone.
The Crash is Coming
We are trend forecasters, not futurists. Tracking trends is the understanding of where we are and how we got here to see where we are going.
No one can predict the future. There are too many wild cards, be they made by humans or by nature. As clearly illustrated by the actions of governments and financial sectors they continually keep dealing wild cards from the rigged deck.
Our Globalnomic® trend forecasting system is based on the understanding that all things are connected. Therefore, it is essential to identify and analyze social, geopolitical, environmental, health, agriculture, tourism, retail, commodities, wars, living standards, manufacturing, etc. We expand the range of our perception of cause and effect, we make connections between fields, we think globally.
On the human, or in-human side, of unpredictable wild cards, the most recent among them is the Ukraine War. As we had noted before Russia attacked Ukraine, rather than negotiate for Peace, the warmongers of the world have pushed for war against Russia... with the United States leading the charge by sending some $60 billion to Ukraine to keep bloodying the killing fields.
And as we have forecast, World War III has begun and if it does not end it will lead to nuclear annihilation, which will therefore negate any significance of what the equity markets are doing and corporate profit and loss statements.
War
World War III has begun, and as the cover of the 22 February Trends Journal illustrates, it will escalate into a nuclear war. Today, the Russian embassy said what we have been saying “The United States continues to act with no regard to other countries’ security and interests, which contributes to an increase in nuclear risks.”
“The [U.S.’s] steps to further engage in a hybrid confrontation with Russia in the context of the Ukrainian crisis are fraught with unpredictable escalation and a direct military clash of nuclear powers.”
Washington, the embassy noted, has exited from the 1987 Intermediate Range Nuclear Forces Treaty, and the 1992 Treaty Open Skies arms control agreements.
We have noted that the U.S. and NATO are not fighting a proxy war with Russia…they are at war with Russia. President Vladimir Putin made it clear today when he told a conference in Moscow today that “the situation in Ukraine shows that the U.S. is trying to prolong this conflict,” and Washington was doing all it can to expand its hegemonic military status.
FOLLOW GERALD CELENTE ON TWITTER
Noting the AUKUS security pact signed last year between Australia, the U.K. and U.S., Putin said “We also see that the collective West is seeking to extend its bloc system to the Asia-Pacific region similarly to NATO in Europe. For this purpose, bellicose military-political alliances are being formed, such as AUKUS and the others.”
Putin also took a shot at U.S. House Speaker Nancy Pelosi’s recent visit to Taiwan as a “reckless” and “thoroughly planned provocation,” and “an insolent demonstration of disrespect for the sovereignty of other countries and for its international obligations.”
What does this have to do with the economy of the United States and the world?
Everything!
All things are connected. While prices of various commodities have retreated from their recent highs following the Russian invasion, they still remain inflated and the effects are being felt throughout Main Street. Thus, the longer the war rages and the more sanctions are imposed on Russia, the higher affected commodity prices will rise.
And, as Putin pointed out, with the United States ramping up its “thoroughly planned provocation,” with China, should military confrontation explode between the U.S. and China, it will ignite a global socioeconomic and geopolitical catastrophe... which is on the near horizon.
TREND FORECAST: Considering the levels of equity market and national/global economic criminality, it is difficult to forecast the precise time and date for the market to crash. Much of it depends on how fast and how much the Federal Reserve raises interest rates.
Having denied inflationary pressures for nearly two years—and long failing to raise interest rates despite inflation sharply exceeding its made-up 2 percent target—should the Fed come up with a reason not to raise rates, they will keep them low. Should they only raise rates by another 100 basis points by year's end, it will signal continued market growth.
But again, there are the wild cards! And as socioeconomic and geopolitical conditions—and should those being played by nature—continue to deteriorate across the globe, the markets will come tumbling down.