Tag: global economy

Watch– Klaus Schwab Lauds Davos Elites: ‘The Future Is Built by Us’

Simon Kent – May 24 2022

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), on Monday greeted members of the global elites gathered in Davos, Switzerland, with the salute: “the future is built by us… by a powerful community… as you here in this room.”

“History at a Turning Point: Government and Business Strategies” is the theme for the 2022 edition of the 51-year-old NGO lobbying organization founded by the German engineer and economist.

On the evidence delivered on day one at the famous Swiss ski resort, Schwab very much sees his organization at the forefront of shaping the world of tomorrow.

Unfortunately outsiders have not been consulted or invited to join the 2,500 people flown in from all around the world to be present.

Schwab was quick to praise those gathered before him in his welcoming address.

“The future is not just happening. The future is built by us, by a powerful community as you here in this room. We have the means to improve the state of the world, but two conditions are necessary,” Schwab outlined.

“The first one is that we act all as stakeholders of larger communities. That we serve not only self-interest but we serve the community. That’s what we call stakeholder responsibility. And second, that we collaborate.”

Schwab added climate change and preserving nature is something to urgently address while concerns about high inflation will affect how to look at the future of the global economy.

https://www.breitbart.com

Global economy on the brink of recession as investors are now less tolerant of monetary policy tightening

Strange Sounds – May 20, 2022

The global economy is “teetering on the brink of recession” as the war in Ukraine, Covid-19 lock downs in China and a hawkish US Federal Reserve weigh on activity worldwide, the Institute of International Finance said in a report.

In its latest forecast, the IIF estimates global gross domestic product to grow 2.2 per cent this year, with activities slowing to 0.5 per cent in the fourth quarter. The Euro area as well as emerging markets, excluding China, are anticipated to go into a recession by the end of the year.

“Since the statistical carryover from 2021 is 2.3 per cent, this is a de facto flatlining of global GDP,” the report said.

The IIF’s estimates are below the latest prediction from the International Monetary Fund, which has also lowered its growth forecast this year, due to the Ukraine war and inflation stoked by soaring commodity prices.

The IMF projects global growth at 3.6 per cent this year and next, down 0.8 and 0.2 percentage points from its January forecast, respectively.

With the possibility of a recession, market regulators must approach policy normalisation more cautiously, the IIF said.

“In the past, rising uncertainty and mounting recession risk have had important effects on investor psychology, making markets less tolerant of monetary policy tightening that is seen as no longer warranted,” the institute said.

It cited the Fed’s last rate hiking cycle in December 2018, which it was forced to end abruptly after the S&P 500 index fell sharply. Markets judged that hike to be “unwarranted”, given the escalating trade war between the US and China at the time, the report said.

https://strangesounds.org

World War III Has Already Started, and It’s an Economic War

Brandon Smith – March 9, 2022

In an article I published in April of 2018, World War III Will Be An Economic War, I outlined a number of factors that portend a large scale conflict between East and West and why this war would be mainly economic in nature. I investigated how this conflict would actually benefit globalists and globalist institutions seeking to bring down multiple nations’ economies while hiding the engineered crisis behind a wall of geopolitical chaos and noise.

The goal? To convince the masses that national sovereignty was a plague that only leads to mass death, and that the “solution” is a one-world system – conveniently managed by the globalists, of course.

One issue which I used to get a lot of arguments over was the idea that countries like Russia and China would end up so closely aligned. People claimed there were too many disparities and that the countries would ultimately turn on each other in the middle of a financial crisis.

Well, it’s four years later and now we’re going to see if that is true or not. So far, it looks like I was correct.

My position has long been that certain nations have been preparing for a collapse of the U.S. dollar as the world reserve currency (the primary currency used in the majority of trade around the world). My belief is that America’s top economic position is actually an incredible weakness; the dollar’s hegemony is not a strength, but an Achilles heel. If the dollar was to lose reserve status, the whole of the U.S. economy and parts of the global economy would implode, leaving behind only those who prepared – those who saw the writing on the wall and planned ahead.

The dollar crash coalition

There are four nations that have been actively positioning for the crash of the dollar. They include: China, Russia, India, Brazil, and in part South Africa (also known as the BRICS). The BRICS are rarely mentioned in the mainstream media anymore, but there was a time around a decade ago when they were discussed regularly.

My fascination with the BRICS back then was primarily due to their economic behaviors. Specifically, their bilateral trade agreements which cut out the dollar as a reserve currency, and the fact that they were stockpiling tons upon tons of gold.

It was as if they had some kind of inside information that an economic war was coming, and they were getting ready to decouple from the dollar and the global supply chain.

https://www.birchgold.com

The U.S. Government Just Admitted That This Is A War That Will Determine Who Will Rule The New World Order

– February 24, 2022

We now have a war that the vast majority of us never wanted.  All of our lives are going to be turned upside down, the global economy is going to be absolutely eviscerated, and countless numbers of people are going to die.  I am very angry with Vladimir Putin and the Russians for launching a full-blown invasion, because it didn’t need to happen.  And I am also very angry with the Biden administration because it would have been so easy to find a diplomatic solution to this crisis.  Unfortunately, the time for diplomacy is now over and World War III has begun.

On Thursday, State Department spokesman Ned Price made a stunning admission regarding what this war is really all about.

According to Price, Russia and China “also want a world order”, but he warned that if they win their world order “would be profoundly illiberal”…

China has given “tacit approval” for Russian President Vladimir Putin’s latest invasion of Ukraine, in the judgment of U.S. officials, as part of a joint effort to undermine the institutions that American and allied leaders established to minimize conflict in the decades following World War II.

“Russia and the PRC also want a world order,” State Department spokesman Ned Price said Wednesday. “But this is an order that is and would be profoundly illiberal. … It is an order that is, in many ways, destructive rather than additive.”

It would take an entire book to unpack everything that Price said there.

First of all, by stating that Russia and China “also want a world order”, he was tacitly admitting that the United States and other western nations desire to have a “world order” of their own.

And he implied that what we are witnessing is a battle over who will ultimately run the “world order”.

http://endoftheamericandream.com