• Can You Feel The Earth Shaking?
    Normals Are Stepping Up All Over the World. Everything is Shifting. The Evidence follows:

    elizabeth nickson

    Did you hear the roar on the streets when Milei won Argentina? It built and built, and then everyone was out on the streets shouting, from windows, inside shops, houses. It is the future, all over the world. The Netherlands on Friday. Same same. Universal rejoicing.

    Absurdistan does a solid line in doom, but our firmly held first principle is that every single one of us should be two or three times as rich, with massively increased scope and ability to do the things we want to do. Defeating the criminal cartel that runs Big Pharma, Big Ag, Big Government, Big Tech and Big Charity will light up the galaxy if not the universe. And….this. Especially this:


    Unlike almost everyone in the media, Absurdistan knows regulation is the principal reason we are hornswoggled serfs. Even Trump’s team was surprised at the economic boom that came from his mild de-regulation; they thought tax relief was the key. It was important, none of us should be paying more than 25% in taxes, if that, but the regulation! You have no earthly idea how fiendish it has become until you start a business or require permission to create anything in the material world. Few journalists ever do that, the most they do is join a bank in “communications”, design an app or website, do PR, or ‘consult’. They are virtually, to a man or woman, children in the real world. So no one reports on the most brutal crippler of every man, woman and child on earth. Equally, virtually no writer I read has any grasp on the ingenuity, the creativity, the strength of the ordinary man. They all seem to think we need guidance from them, which is laughable. They have screwed up everything so utterly, we teeter daily on the edge of fiscal catastrophe

    .


    Bloomberg reports on Milei victory
    When Vivek Ramaswamy proposed instantly firing 50% of federal bureaucrats on Day One, I stood on my office chair and cheered.

    When Javier Milei tore strips of paper representing government ministries off the whiteboard, I had to go out and run around the house a few times.


    sheer heaven
    Africa is not limited by anything but confiscatory corrupt government, as asserted by Magatte Wade in her new book. Wade should be running things in Africa, which is polluted by commies, plutocrats, crooked multinationals, ravening bureaucrats, corrupt politicians and the brutalist green movement. The Chinese would stun the world if they could get rid of the vicious predatory communist regime that enslaves every man, woman and child. And not in the sense that they are “taking over”.


    The mop-up will take decades. But unpicking the bad regs and shooing the bad legislators off to permanent exile, prosecuting the army of government thieves, and creating a multi-polar world, will be more absorbing than our endless self-cherishing, self-indulgence. Have we not all shopped enough? We have powerful enemies, but they are fully aware of how destructive they have been, their guilt written on their exhausted pouchy faces.

    Trump is a symptom, not a cause

    People fighting the Borg wish for leaders but this is not a movement that requires leadership by anyone but each and every one of us. Trump is a symptom, not a cause. This is multi-headed, like Medusa, representing tens, hundreds of millions of individuals saying NO. Real politicians like Mike Johnson, Geert Wilders, Pierre Poilievre, Javier Milei, and Danielle Smith are listening to us and stepping up.

    I annoy even myself when I repeat this, but I come from a family that has been in ‘the New World’ since 1630: Puritans, Revolutionaries, infrastructure builders, town fathers and mothers. I own ten thousand pages of their records and can tell you at concrete level assurance, that one of cities they founded, Vancouver, would not be riven by Asian criminal cartels washing most of the drug money in North America through our real estate and casinos, if my great aunt and uncle were alive. They, that generation and those before, didn’t run their cities via government, they ran it through civil society, their churches and charities and cultural clubs and they told government what to do. What they decided upon, collectively, became law. Law wasn’t made by witless, inexperienced, childless men and women who move from college straight to government, it was made by those who engaged with life fully. On their block, in their neighborhood, in their city. They knew where every sparrow fell. And, by the way, my family married into Indian bands and were officers on the Underground Railroad. Everything academia and publishing tells you about the founding is arrant propaganda meant to strip you of self-respect and power.


    Boomers, Gen X, Millennials, threw away engagement and our current enslavement, our stasis, our stuck-ness, is the result. Not really our fault. We were brainwashed and mind controlled by military level psy-ops, run out of the CIA, the Tavistock Clinic and the cursed Club of Rome. Reclaiming that power is our responsibility going forward. It is the future. No one gets to go back to sleep. I wrote about our collective brainwashing extensively in August. Here is one piece:

    They Break Every Family, Every Town, Every Country

    They Break Every Family, Every Town, Every Country
    This is the second in an August series about the Head of the Snake, an examination of the cabal that is behind the Great Reset, the Covid and Global Warming hoaxes, and every profit-bonanza war of the last thirty, if not 500 years, but especially Ukraine. They call themselves by a proliferation of names: the Olympians, the Elect, Bilderbergers, the 300, demi-gods, the Black Nobility, other silly secret names that must not be spoken. They are secret because their intent is evil. They practice the occult – foolish and irresponsible – they are “Masons” of the crazy branch, a cult that operates entirely in the dark and entirely for themselves. They are as power-hungry as Hillary Clinton and far more corrupt than she or Biden or his dreadful son. They have been around for a thousand years, laughably tracing their bloodlines back to Sumer and the Pharaohs and they think that is important. In fact, who they are is Hunter Biden, he is their id, the visual manifestation of their disgusting de…

    Read full story

    Herewith a roundup of our recent victories in no particular order of importance. Many (not all) are courtesy of kevinfernandes82 on Instagram, who does yeoman work aggregating daily the many wins by populists across the world; I heartily recommend a follow to fight off despair.

    I am only describing the wins of the past ten days, and I edited out dozens. Each win represents hundreds to thousands to millions of people who stood up and took back their power.

    Politics


    Geert Wilders and his Party for Freedom won a groundbreaking victory this week.

    Libertarian Javier Milei won in Argentina, promising to strip government of many ministries.

    All of Spain on the streets calling for end to Socialism. Retired Generals call for coup to get rid of socialist Prime Minister


    .

    Danielle Smith declares that the Trudeau Liberals are a lawless government and it’s time to assert the constitution

    Bloc Quebecois calls for abolition of Governor General’s office as expenses soar 11%. This office is King Charles’s grift and a mechanism of British Round Table control. Crown land is our land, not his.

    The restaurant that kicked out GOP Governor Sarah Huckabee Sanders because she worked for Trump closes its doors.

    CEO of DeSantis super PAC resigns.

    The Conservative Party of Canada has not polled this high since the 1950’s. It outpolls the Liberals and NDP among under 30’s.

    Rudy Giuliani states that Zelensky has photographs of Hunter Biden that could bring down the Democratic Party and has been using them to blackmail Biden.

    A Republican has just beat a Democrat in the Mayoral race in Charleston, South Carolina for the first time since 1877.

    Farmers in France spray government buildings with cow manure to protest increases in charges and taxes.

    Former Black Voices for Trump wins against left-wing Fulton County District Attorney Fani Willis, as a Fulton County judge rejects a bid to lock him up over his social media posts

    4th Circuit Court of Appeals struck down part of Maryland’s laws regulating handguns.

    Putin blames the U.N.: “Due to the sabotage of U.N. decisions which clearly provide for the creation and peaceful coexistence of two independent and sovereign states, more than one generation of Palestinians has been brought up in an atmosphere of injustice.”

    Italian court convicts 207 people in Mafia maxi-trial.

    U.S. Speaker Mike Johnson releases 40,000 hours of security footage of January 6th.

    Trump has considerably more support among young voters than Joe Biden according to a new NBC poll.

    Ex-Massachusetts senator facing 28 federal charges in connection with COVID fraud investigation.

    Asian-American residents of Brighton Park Chicago are furious about illegal migrants coming to their neighbourhood. 87% voted for Biden.

    One hundred police called out after protest surrounds Trudeau at restaurant. “You have blood on your hands”, call protestors referring to the vaccine mandates.

    German constitutional court strikes down plan of left-green-liberal government: rules they may not use 60B euros intended for Covid, for climate and energy measures.

    The Crown dropped charges against a pizza parlour owner for not closing down his restaurant during covid. The hearing lasted ten minutes and the verdict greeted with cheers.

    The Irish riot after an Algerian migrant injures three children. WEFer immigration policy is on the chopping block in every country.

    The Grotesque Sexualization of the Culture is Winding Down


    Biden Pentagon official overseeing the department managing elementary schools has been arrested in a human trafficking sting in Georgia.

    Prime Minister-Elect Javier Miles and Sound of Freedom Producer Eduardo Verastegui just signed and agreement to end all human trafficking operations in Argentina.

    Andrew Cuomo sued for sexual harassment by former executive assistant.

    GOP donor Harlan Crow’s brother is accused of financing a 100-person sex trafficking ring.

    Bad Boy Label President sued for sexual assault, negligence.

    TikTok, X and Meta CEOs to face Congressional Hearing Over Child Sexual Exploitation.

    Cuba Gooding Jr hit with two civil suits related to NYC sexual assaults

    American Idol coach, and Interscope Records founder, Jimmy Iovine sued over sexual misconduct and abuse.

    NYC Mayor Eric Adams accused of sexual assault in 1993 in new legal filing

    Jeremy Fox sued for sexual assault in NYC restaurant.

    Axl Rose sued over sexual assault by former Penthouse model.

    Julia Ormond sues Harvey Weinstein, CAA and Disney for sexual battery and enabling sexual assault.

    Model claims photographer Terry Richardson raped her, sold it as art.

    Jeffrey Epstein’s multimillionaire friend accused of sexually harassing stepdaughter.

    The ex-mayor of College Park, Maryland has been sentenced to 30 years in prison for possession and distribution of child sexual abuse material. Democrat, White House guest pled guilty to 100 counts.

    Authorities allege Binance allowed bad actors to freely transact on the platform, enabling everything from child sex abuse to terrorist financing. Binance CEO steps down, Binance pays $4.3B in fines.

    A federal judge in California certified a class action lawsuit against Pornhub/MindGeek/Aylo on behalf of tens of thousands of child victims abused for profit.

    “I’m at a loss”. Trudeau governments experts upset by foot-dragging over online harms law. Trudeau is widely believed to participate in violent sexual activities.

    P Diddy settles with Cassie over abuse and trafficking, but not before his reputation is destroyed. Two more women charge choking and rape.

    Saskatchewan Party MLA charged with soliciting sexual services kicked out of government caucus.

    Stacey Abram’s brother-in-law arrested for attacking 16-year-old, human trafficking in Tampa.

    Peter Nygard convicted on four counts of sexual assault.

    World Health Organization paid sexual abuse victims in the Congo $250US each.

    John Podesta’s friend, who debunked Pizzagate, arrested for raping toddlers.

    Media/culture


    CBC admits to making multiple censorship appeals to social media platforms, so many that they say they ‘couldn’t really analyze each one correctly’.

    Big Box stores ditching self-checkout citing theft and customer preference.

    Conservatives reject Canada-Ukraine trade bill.

    The International Cricket Council bans transgender women from women’s cricket.

    Bell Media tells CRTC its priorities are backwards during Online Streaming Act hearing.

    Javier Milei announces the closure of the Ministry of Women, Gender and Equality in 21 days.

    The Director of the University of Alberta’s sexual violence center has been removed from her position after she endorsed an open letter that denied allegations of rape and sexual violence by Hamas terrorists during the October massacre.

    Elon Musk is donating all X Corp revenue from advertising and subscriptions associated with the war in Gaza to hospitals in Israel and the Red Cross/Crescent in Gaza.

    Morning Joe admits Ukraine has lost the war against Russia.

    Fauci admits Covid vaccine causes myocarditis in young men.

    China welcomes Arab and Muslim foreign ministers for talks on ending war in Gaza.

    X surpasses Instagram and Facebook by a significant margin in driving traffic through Google.

    Elon Musk and X file lawsuit against Media Matters. Penalties both civil and criminal.

    Ken Paxton of Texas opens investigation into Media Matters for fraud.

    Truth Social filed defamation lawsuit against twenty media companies.

    Canadians have stopped caring about climate change.

    Texas Attorney General Paxton has sued Pfizer.

    Marjorie Taylor Greene questions whether Nancy Pelosi orchestrated January 6th.

    Trump releases doctor letter touting health and weight loss on Biden’s birthday.

    The Iowa Board of Regents has voted to abolish DEI in all State Universities.

    Rumble under ‘major DDoS attack after CEO pledged to join Elon Musk to fight woke censorship.

    An official UK inquiry panel reports that Boris Johnson was bamboozled by Covid data.

    Sam Altman of OpenAI fired. Reinstated and two women board members let go.

    Sam Bankman Fried convicted. Faces decades in prison.

    Italy bans production and sale of lab grown meat.

    Trans Activist company behind Miss Universe has filed for bankruptcy.

    A female boxer in Canada withdrew from a championship match after learning she was set to fight a trans-identified male.

    Financial

    As I reported here last week, Net-Zero and ESG are on their deathbed in every country but the most insane.

    CNBC fires staff dedicated to covering climate change.

    19 Republican Attorneys General are going after the big banks for closing accounts and discriminating against customers over political/religious beliefs

    Trudeau’s billion-dollar Green Slush Fund’s head resigns, after it is discovered she funnelled $200K to her own company.

    Hong Kong bankers have lots of free time and anxiety as global dealmaking sinks.

    Bank of Canada’s Macklem says interest rates may be high enough to tame inflation.

    Bank of Canada reports that Canadians don’t need digital currency and don’t want it.

    SEC Commissioner says “there’s no reason for us to stand in the way of a Spot Bitcoin ETF.

    Russia, the most sanctioned country in the world will end the year with a $75 Billion profit. The US, the most indebted country in the world, will end 2023 with a lost of $@ Trillion.

    Luxury houses tied to China’s Evergrande chairman seized by creditor. Chairman placed under police surveillance.

    Argentine stock market up 20% after Milei’s election

    South Africa to chair BRICS extraordinary joint meeting on the situation in Gaza.

    Mortgage rates decline for the first time in two years.

    Inflation declines in Canada, the U.S. and the U.K. to lowest in two years.

    Dutch Central Bank has prepared for a new Gold Standard.

    Republicans building case against Antony Fauci. New emails show Fauci adviser suggesting he destroyed records.

    Jim Jordan issues subpoena to Bank of America for sharing customer’s private financial information with the FBI.

    Australian clamps down on migrants with criminal convictions.

    BLM activist Jayden X found guilty on all seven counts for his actions on January 6th.

    Decline in local U.S. news outlets is accelerating.

    Canada Media Fund admits subsidizing newspapers and news channels didn’t stop decline.

    Ghost busses uncovered filled with FBI agents dressed as Trump supporters on January 6th.

    Pfizer stock hits three year low, down 50% from 2021.

    Disney loses $40B from DeSantis pulling special treatment.

    Voter Fraud


    A federal judge in Georgia has ordered a trial for the case against Dominion machines.

    Trump declares he will bring everything to light, including the 2020 election fraud, concluding we need same day voting and paper ballots.

    Kim Phuong Taylor found guilty of 51 counts related to voter fraud in the election of her husband, Jeremy Taylor

    Fulton County, Georgia acknowledges that 3,600 ballots from the 2020 election audit were duplicated. Discrepancy turned over the the GA Attorney General for investigation.

    Obama-appointed federal judge just ruled against voting machines in Georgia.

    Maricopa County Elections Department has admitted they improperly certified the voting machines that failed on Election Day. Sixty percent of the machines failed.

    Trump: “We have so much evidence of election fraud, and I look forward to introducing it in my trials.”

    Colorado judge keeps Trump on 2024 primary ballot as latest 14th Amendment case falters.

    South Carolina implements Voter ID.

    Meta allows ads saying 2020 election was rigged on Facebook and Instagram.

    Stacey Abrams’ voting organization, overseen by Georgia Senator Raphael Warnock (who stole his seat), is facing serious allegations of financial fraud.

    Arizona Governor Katies Hobbs’ Election Task Force concluded that then-Secretary of State Hobbs engaged in election interference in 2022 by preventing Arizonans from voting while running her own election for governor.

    Wisconsin legislature has passed two constitutional amendment proposals that seek to prohibit noncitizen voting and the use of private money (ZuckBucks) to conduct elections.

    ZuckerBucks banned in 32 states.



    All this in fewer than ten days. The future should be blinding you right about now.

    \

    Much of the mainstream news/propaganda is designed to oppress, depress and disempower you. Even independent journalism falls into despair all too often. I fight that with every fibre of my ability. I disagree. I do not think we are lost. I don’t think there is a new dark age ahead. I think quite the opposite.

    Again, I am grateful for all the subscriptions, paid and otherwise last week. “Put a chick in it” was enormously popular. When you like, subscribe and pay, I know where to go next with my writing. Thank you especially for the founding memberships and the people who send money via PayPal, and $20 bills from Thailand - you make a huge difference. Again, I keep my prices low so if you are not rich, you can afford to support me and others. If you are rich, consider a founding membership…cheaper in the long run!

    https://elizabethnickson.substack.com/p/can-you-feel-the-earth-shaking?utm_medium=ios
    Can You Feel The Earth Shaking? Normals Are Stepping Up All Over the World. Everything is Shifting. The Evidence follows: elizabeth nickson Did you hear the roar on the streets when Milei won Argentina? It built and built, and then everyone was out on the streets shouting, from windows, inside shops, houses. It is the future, all over the world. The Netherlands on Friday. Same same. Universal rejoicing. Absurdistan does a solid line in doom, but our firmly held first principle is that every single one of us should be two or three times as rich, with massively increased scope and ability to do the things we want to do. Defeating the criminal cartel that runs Big Pharma, Big Ag, Big Government, Big Tech and Big Charity will light up the galaxy if not the universe. And….this. Especially this: Unlike almost everyone in the media, Absurdistan knows regulation is the principal reason we are hornswoggled serfs. Even Trump’s team was surprised at the economic boom that came from his mild de-regulation; they thought tax relief was the key. It was important, none of us should be paying more than 25% in taxes, if that, but the regulation! You have no earthly idea how fiendish it has become until you start a business or require permission to create anything in the material world. Few journalists ever do that, the most they do is join a bank in “communications”, design an app or website, do PR, or ‘consult’. They are virtually, to a man or woman, children in the real world. So no one reports on the most brutal crippler of every man, woman and child on earth. Equally, virtually no writer I read has any grasp on the ingenuity, the creativity, the strength of the ordinary man. They all seem to think we need guidance from them, which is laughable. They have screwed up everything so utterly, we teeter daily on the edge of fiscal catastrophe . Bloomberg reports on Milei victory When Vivek Ramaswamy proposed instantly firing 50% of federal bureaucrats on Day One, I stood on my office chair and cheered. When Javier Milei tore strips of paper representing government ministries off the whiteboard, I had to go out and run around the house a few times. sheer heaven Africa is not limited by anything but confiscatory corrupt government, as asserted by Magatte Wade in her new book. Wade should be running things in Africa, which is polluted by commies, plutocrats, crooked multinationals, ravening bureaucrats, corrupt politicians and the brutalist green movement. The Chinese would stun the world if they could get rid of the vicious predatory communist regime that enslaves every man, woman and child. And not in the sense that they are “taking over”. The mop-up will take decades. But unpicking the bad regs and shooing the bad legislators off to permanent exile, prosecuting the army of government thieves, and creating a multi-polar world, will be more absorbing than our endless self-cherishing, self-indulgence. Have we not all shopped enough? We have powerful enemies, but they are fully aware of how destructive they have been, their guilt written on their exhausted pouchy faces. Trump is a symptom, not a cause People fighting the Borg wish for leaders but this is not a movement that requires leadership by anyone but each and every one of us. Trump is a symptom, not a cause. This is multi-headed, like Medusa, representing tens, hundreds of millions of individuals saying NO. Real politicians like Mike Johnson, Geert Wilders, Pierre Poilievre, Javier Milei, and Danielle Smith are listening to us and stepping up. I annoy even myself when I repeat this, but I come from a family that has been in ‘the New World’ since 1630: Puritans, Revolutionaries, infrastructure builders, town fathers and mothers. I own ten thousand pages of their records and can tell you at concrete level assurance, that one of cities they founded, Vancouver, would not be riven by Asian criminal cartels washing most of the drug money in North America through our real estate and casinos, if my great aunt and uncle were alive. They, that generation and those before, didn’t run their cities via government, they ran it through civil society, their churches and charities and cultural clubs and they told government what to do. What they decided upon, collectively, became law. Law wasn’t made by witless, inexperienced, childless men and women who move from college straight to government, it was made by those who engaged with life fully. On their block, in their neighborhood, in their city. They knew where every sparrow fell. And, by the way, my family married into Indian bands and were officers on the Underground Railroad. Everything academia and publishing tells you about the founding is arrant propaganda meant to strip you of self-respect and power. Boomers, Gen X, Millennials, threw away engagement and our current enslavement, our stasis, our stuck-ness, is the result. Not really our fault. We were brainwashed and mind controlled by military level psy-ops, run out of the CIA, the Tavistock Clinic and the cursed Club of Rome. Reclaiming that power is our responsibility going forward. It is the future. No one gets to go back to sleep. I wrote about our collective brainwashing extensively in August. Here is one piece: They Break Every Family, Every Town, Every Country They Break Every Family, Every Town, Every Country This is the second in an August series about the Head of the Snake, an examination of the cabal that is behind the Great Reset, the Covid and Global Warming hoaxes, and every profit-bonanza war of the last thirty, if not 500 years, but especially Ukraine. They call themselves by a proliferation of names: the Olympians, the Elect, Bilderbergers, the 300, demi-gods, the Black Nobility, other silly secret names that must not be spoken. They are secret because their intent is evil. They practice the occult – foolish and irresponsible – they are “Masons” of the crazy branch, a cult that operates entirely in the dark and entirely for themselves. They are as power-hungry as Hillary Clinton and far more corrupt than she or Biden or his dreadful son. They have been around for a thousand years, laughably tracing their bloodlines back to Sumer and the Pharaohs and they think that is important. In fact, who they are is Hunter Biden, he is their id, the visual manifestation of their disgusting de… Read full story Herewith a roundup of our recent victories in no particular order of importance. Many (not all) are courtesy of kevinfernandes82 on Instagram, who does yeoman work aggregating daily the many wins by populists across the world; I heartily recommend a follow to fight off despair. I am only describing the wins of the past ten days, and I edited out dozens. Each win represents hundreds to thousands to millions of people who stood up and took back their power. Politics Geert Wilders and his Party for Freedom won a groundbreaking victory this week. Libertarian Javier Milei won in Argentina, promising to strip government of many ministries. All of Spain on the streets calling for end to Socialism. Retired Generals call for coup to get rid of socialist Prime Minister . Danielle Smith declares that the Trudeau Liberals are a lawless government and it’s time to assert the constitution Bloc Quebecois calls for abolition of Governor General’s office as expenses soar 11%. This office is King Charles’s grift and a mechanism of British Round Table control. Crown land is our land, not his. The restaurant that kicked out GOP Governor Sarah Huckabee Sanders because she worked for Trump closes its doors. CEO of DeSantis super PAC resigns. The Conservative Party of Canada has not polled this high since the 1950’s. It outpolls the Liberals and NDP among under 30’s. Rudy Giuliani states that Zelensky has photographs of Hunter Biden that could bring down the Democratic Party and has been using them to blackmail Biden. A Republican has just beat a Democrat in the Mayoral race in Charleston, South Carolina for the first time since 1877. Farmers in France spray government buildings with cow manure to protest increases in charges and taxes. Former Black Voices for Trump wins against left-wing Fulton County District Attorney Fani Willis, as a Fulton County judge rejects a bid to lock him up over his social media posts 4th Circuit Court of Appeals struck down part of Maryland’s laws regulating handguns. Putin blames the U.N.: “Due to the sabotage of U.N. decisions which clearly provide for the creation and peaceful coexistence of two independent and sovereign states, more than one generation of Palestinians has been brought up in an atmosphere of injustice.” Italian court convicts 207 people in Mafia maxi-trial. U.S. Speaker Mike Johnson releases 40,000 hours of security footage of January 6th. Trump has considerably more support among young voters than Joe Biden according to a new NBC poll. Ex-Massachusetts senator facing 28 federal charges in connection with COVID fraud investigation. Asian-American residents of Brighton Park Chicago are furious about illegal migrants coming to their neighbourhood. 87% voted for Biden. One hundred police called out after protest surrounds Trudeau at restaurant. “You have blood on your hands”, call protestors referring to the vaccine mandates. German constitutional court strikes down plan of left-green-liberal government: rules they may not use 60B euros intended for Covid, for climate and energy measures. The Crown dropped charges against a pizza parlour owner for not closing down his restaurant during covid. The hearing lasted ten minutes and the verdict greeted with cheers. The Irish riot after an Algerian migrant injures three children. WEFer immigration policy is on the chopping block in every country. The Grotesque Sexualization of the Culture is Winding Down Biden Pentagon official overseeing the department managing elementary schools has been arrested in a human trafficking sting in Georgia. Prime Minister-Elect Javier Miles and Sound of Freedom Producer Eduardo Verastegui just signed and agreement to end all human trafficking operations in Argentina. Andrew Cuomo sued for sexual harassment by former executive assistant. GOP donor Harlan Crow’s brother is accused of financing a 100-person sex trafficking ring. Bad Boy Label President sued for sexual assault, negligence. TikTok, X and Meta CEOs to face Congressional Hearing Over Child Sexual Exploitation. Cuba Gooding Jr hit with two civil suits related to NYC sexual assaults American Idol coach, and Interscope Records founder, Jimmy Iovine sued over sexual misconduct and abuse. NYC Mayor Eric Adams accused of sexual assault in 1993 in new legal filing Jeremy Fox sued for sexual assault in NYC restaurant. Axl Rose sued over sexual assault by former Penthouse model. Julia Ormond sues Harvey Weinstein, CAA and Disney for sexual battery and enabling sexual assault. Model claims photographer Terry Richardson raped her, sold it as art. Jeffrey Epstein’s multimillionaire friend accused of sexually harassing stepdaughter. The ex-mayor of College Park, Maryland has been sentenced to 30 years in prison for possession and distribution of child sexual abuse material. Democrat, White House guest pled guilty to 100 counts. Authorities allege Binance allowed bad actors to freely transact on the platform, enabling everything from child sex abuse to terrorist financing. Binance CEO steps down, Binance pays $4.3B in fines. A federal judge in California certified a class action lawsuit against Pornhub/MindGeek/Aylo on behalf of tens of thousands of child victims abused for profit. “I’m at a loss”. Trudeau governments experts upset by foot-dragging over online harms law. Trudeau is widely believed to participate in violent sexual activities. P Diddy settles with Cassie over abuse and trafficking, but not before his reputation is destroyed. Two more women charge choking and rape. Saskatchewan Party MLA charged with soliciting sexual services kicked out of government caucus. Stacey Abram’s brother-in-law arrested for attacking 16-year-old, human trafficking in Tampa. Peter Nygard convicted on four counts of sexual assault. World Health Organization paid sexual abuse victims in the Congo $250US each. John Podesta’s friend, who debunked Pizzagate, arrested for raping toddlers. Media/culture CBC admits to making multiple censorship appeals to social media platforms, so many that they say they ‘couldn’t really analyze each one correctly’. Big Box stores ditching self-checkout citing theft and customer preference. Conservatives reject Canada-Ukraine trade bill. The International Cricket Council bans transgender women from women’s cricket. Bell Media tells CRTC its priorities are backwards during Online Streaming Act hearing. Javier Milei announces the closure of the Ministry of Women, Gender and Equality in 21 days. The Director of the University of Alberta’s sexual violence center has been removed from her position after she endorsed an open letter that denied allegations of rape and sexual violence by Hamas terrorists during the October massacre. Elon Musk is donating all X Corp revenue from advertising and subscriptions associated with the war in Gaza to hospitals in Israel and the Red Cross/Crescent in Gaza. Morning Joe admits Ukraine has lost the war against Russia. Fauci admits Covid vaccine causes myocarditis in young men. China welcomes Arab and Muslim foreign ministers for talks on ending war in Gaza. X surpasses Instagram and Facebook by a significant margin in driving traffic through Google. Elon Musk and X file lawsuit against Media Matters. Penalties both civil and criminal. Ken Paxton of Texas opens investigation into Media Matters for fraud. Truth Social filed defamation lawsuit against twenty media companies. Canadians have stopped caring about climate change. Texas Attorney General Paxton has sued Pfizer. Marjorie Taylor Greene questions whether Nancy Pelosi orchestrated January 6th. Trump releases doctor letter touting health and weight loss on Biden’s birthday. The Iowa Board of Regents has voted to abolish DEI in all State Universities. Rumble under ‘major DDoS attack after CEO pledged to join Elon Musk to fight woke censorship. An official UK inquiry panel reports that Boris Johnson was bamboozled by Covid data. Sam Altman of OpenAI fired. Reinstated and two women board members let go. Sam Bankman Fried convicted. Faces decades in prison. Italy bans production and sale of lab grown meat. Trans Activist company behind Miss Universe has filed for bankruptcy. A female boxer in Canada withdrew from a championship match after learning she was set to fight a trans-identified male. Financial As I reported here last week, Net-Zero and ESG are on their deathbed in every country but the most insane. CNBC fires staff dedicated to covering climate change. 19 Republican Attorneys General are going after the big banks for closing accounts and discriminating against customers over political/religious beliefs Trudeau’s billion-dollar Green Slush Fund’s head resigns, after it is discovered she funnelled $200K to her own company. Hong Kong bankers have lots of free time and anxiety as global dealmaking sinks. Bank of Canada’s Macklem says interest rates may be high enough to tame inflation. Bank of Canada reports that Canadians don’t need digital currency and don’t want it. SEC Commissioner says “there’s no reason for us to stand in the way of a Spot Bitcoin ETF. Russia, the most sanctioned country in the world will end the year with a $75 Billion profit. The US, the most indebted country in the world, will end 2023 with a lost of $@ Trillion. Luxury houses tied to China’s Evergrande chairman seized by creditor. Chairman placed under police surveillance. Argentine stock market up 20% after Milei’s election South Africa to chair BRICS extraordinary joint meeting on the situation in Gaza. Mortgage rates decline for the first time in two years. Inflation declines in Canada, the U.S. and the U.K. to lowest in two years. Dutch Central Bank has prepared for a new Gold Standard. Republicans building case against Antony Fauci. New emails show Fauci adviser suggesting he destroyed records. Jim Jordan issues subpoena to Bank of America for sharing customer’s private financial information with the FBI. Australian clamps down on migrants with criminal convictions. BLM activist Jayden X found guilty on all seven counts for his actions on January 6th. Decline in local U.S. news outlets is accelerating. Canada Media Fund admits subsidizing newspapers and news channels didn’t stop decline. Ghost busses uncovered filled with FBI agents dressed as Trump supporters on January 6th. Pfizer stock hits three year low, down 50% from 2021. Disney loses $40B from DeSantis pulling special treatment. Voter Fraud A federal judge in Georgia has ordered a trial for the case against Dominion machines. Trump declares he will bring everything to light, including the 2020 election fraud, concluding we need same day voting and paper ballots. Kim Phuong Taylor found guilty of 51 counts related to voter fraud in the election of her husband, Jeremy Taylor Fulton County, Georgia acknowledges that 3,600 ballots from the 2020 election audit were duplicated. Discrepancy turned over the the GA Attorney General for investigation. Obama-appointed federal judge just ruled against voting machines in Georgia. Maricopa County Elections Department has admitted they improperly certified the voting machines that failed on Election Day. Sixty percent of the machines failed. Trump: “We have so much evidence of election fraud, and I look forward to introducing it in my trials.” Colorado judge keeps Trump on 2024 primary ballot as latest 14th Amendment case falters. South Carolina implements Voter ID. Meta allows ads saying 2020 election was rigged on Facebook and Instagram. Stacey Abrams’ voting organization, overseen by Georgia Senator Raphael Warnock (who stole his seat), is facing serious allegations of financial fraud. Arizona Governor Katies Hobbs’ Election Task Force concluded that then-Secretary of State Hobbs engaged in election interference in 2022 by preventing Arizonans from voting while running her own election for governor. Wisconsin legislature has passed two constitutional amendment proposals that seek to prohibit noncitizen voting and the use of private money (ZuckBucks) to conduct elections. ZuckerBucks banned in 32 states. All this in fewer than ten days. The future should be blinding you right about now. \ Much of the mainstream news/propaganda is designed to oppress, depress and disempower you. Even independent journalism falls into despair all too often. I fight that with every fibre of my ability. I disagree. I do not think we are lost. I don’t think there is a new dark age ahead. I think quite the opposite. Again, I am grateful for all the subscriptions, paid and otherwise last week. “Put a chick in it” was enormously popular. When you like, subscribe and pay, I know where to go next with my writing. Thank you especially for the founding memberships and the people who send money via PayPal, and $20 bills from Thailand - you make a huge difference. Again, I keep my prices low so if you are not rich, you can afford to support me and others. If you are rich, consider a founding membership…cheaper in the long run! https://elizabethnickson.substack.com/p/can-you-feel-the-earth-shaking?utm_medium=ios
    ELIZABETHNICKSON.SUBSTACK.COM
    Can You Feel The Earth Shaking?
    Normals Are Stepping Up All Over the World. Everything is Shifting. The Evidence follows:
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  • “Zionism is Not Judaism”, “Insane Megalomania”: The Zionist Cause Is a Dark Reversal of the Real Destiny of Israel — A True Story

    All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.

    To receive Global Research’s Daily Newsletter (selected articles), click here.

    Click the share button above to email/forward this article to your friends and colleagues. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

    ***

    During the Summer of 1975 I worked as a volunteer on a Kibbutz in Northern Israel, close to the border with Lebanon. As a recent organic farming exponent in the UK, I wanted to explore how this unique socioeconomic experiment on the land was working.

    Although my stay in Israel was relatively short, it was an intense and meaningful experience. One which, as you will see as this story unfolds, throws a highly prescient light on the current catastrophe.

    There were maybe two hundred residents of the kibbutz, named ‘Rosh Ha Nikra’.

    One rose early and went to work on the land, coming back for a common breakfast at 9.a.m. It was too hot to work later in the mornings so one returned to the fields late afternoon to put in another session.

    At its inception, the basis of this community was carved out of a desert. Only an intense commitment to establishing an enduring self-sufficient village could turn the sour, salty land into something capable of growing sufficient food to provide for its occupants and a trading income.

    By the time I visited, there was already a thriving rural economy in operation, growing and exporting avocado pears and dairy products. Houses and land are integrated as a cooperative in the kibbutz movement, with no private ownership.

    Being situated close to the Lebanese border had its disadvantages. Missiles were periodically launched into surrounding territory as unresolved hostilities flared-up intermittently on the border land. It was disconcerting to an outsider, but the Rosh Ha Nikra community was hardened to this reality and did not let it break their daily routines.

    I am not Jewish, but have worked closely with Jewish colleagues in theatre and education projects based largely in the USA and Belgium. This led me to become interested in further exploring the background to the Israeli/Palestinian tensions that dog the peaceful functioning of the ‘two-state’ land division established in 1948.

    In a break from the Kibbutz work schedule, I was fortuitously given the opportunity to meet a senior figure of the Israeli military in Haifa. A kind, thoughtful individual who was close to retirement.

    Questioning him about his perspective on Israeli/Palestinian tensions, he responded in a way that threw a highly significant light on the reality. I recount here my memory of the deeply prescient contents of what he said:

    “Israel is not a country. The word in Hebrew means ‘to strive with God’ (to work with God). It is a tribal aspiration, it is not a place. To give the name Israel to this area of land is a falsification. It comes from the Zionist belief that this country is the original homeland of the Jews. There is no historical evidence for this belief, it is a dangerous fixation. Zionism is not Judaism.”

    At the time I was not fully aware of the ramifications of this reply; however it vividly endured in my mind from there on.

    My host asked what places I intended to visit in Israel. Definitely Jerusalem, I replied. His response was quite firm “Go beyond Jerusalem into the West Bank; into Jordan. Experience this place where Jordanians and Palestinian refugees live and work together.”

    I took his advice, initially boarding a bus to Jerusalem. It was here that I first experienced an uneasy tension between Palestinian and Jewish citizens.

    It should be remembered that a number of holy sites in Jerusalem are places of worship for both Palestinians and Jews. The ancient claims of both parties to the rights of ‘ownership’ of these sites causes an atmosphere of distrust and suspicion to never be far from the surface. Over the years, many bloody incidents have flared-up out of this febrile tension.

    Within deeper spiritual texts of old, bestowing imaginary religious powers on material objects and buildings, is considered a form of blasphemy of God, whose omniscient presence is recognised as a manifestation of infinite spirit, giving equal status to all races, colours, creeds and places. A manifestation of universal truth, not a proclamation about rights of ownership.

    This reflects on just why associating ‘Israel’ with a material possession would completely distort the true significance the epithet ‘To strive with God’.

    After exploring the impressive but austere architecture of old Jerusalem, I stepped into a colourful, creaking bus heading down into the ancient city of Jericho.

    Immediately the atmosphere lifted. The bus and its occupants slowly weaved its way down a long twisting road into the fertile valley below, while Arabic songs wailed out from the radio and the air became perfumed by sweet incense. Arabic headdresses replaced the casual Westernised attire of most Israelis.

    Outside, barren mountain slopes predominated, but in a number of places basic agricultural cultivations were in progress.

    Upon arriving in Old Jericho, a hoard of young men exuberantly offered their services to show visitors the local sites. I duly accepted the services of a young man with a broad smile, a good approximation of the English language and a promise of full knowledge of the relics of this ancient city.

    After a long day spent walking the ruins and rugged path ways, my guide asked me where I was staying. I don’t know, was my reply. Did he recommend anywhere?

    No he didn’t, advising it was not a good idea to stay in a local hotel. Instead, he invited me to his family home and to attend a ceremony celebrating the birth of his brother’s first child. A raucous event of much fraternal dancing and singing into which I was fully integrated.

    During more quiet moments my host told me about living in a form of Israeli police state. He admitted the tensions, but never spoke badly of the occupiers of his homeland, even praising Jewish agricultural achievements made on the barren hills East of Jerusalem.

    I spent a further few days visiting local townships; mostly peaceful, but some of the larger market towns, like Nablus, widely patrolled by Israeli armed police clearly expecting trouble.

    A few weeks later I left the country, with a strong impression left imprinted on my mind: on the kibbutz I was treated as a co-worker – and in Jordan I was treated as a brother. It was possible for me to see how these two quite different cultures could coexist in peace.

    But this could only work if the Israeli population would adopt the wisdom of the military leader I met in Haifa; and the Palestinians echo the respect for Israeli workers shown by my young Jordanian friend. Such qualities, forming the foundation of humanitarian inter-cultural respect, are the best, and perhaps only, chance for lasting peace and unity.

    Almost fifty years later, my reflections are not dimmed. However they have been dashed on the rocks of a terrible political deception which has now emerged as the catalyst for an ethnic cleansing nightmare that blows apart any opportunity for a peaceful resolution.

    This is a conflict created by the dark spin doctors of the New World Order. It is part of a deadly and carefully planned chess game designed to wipe Palestine, Gaza and the Palestinian people off the map and free-up the country of Israel to become the Zionist capital of the world.

    Prime Minister Netanyahu has publicly declared as much. For him and his fanatical Zionist colleagues, it is ‘God’s will’ that they should obliterate any and all opposition to the ‘chosen race’ achieving its ends.

    The great majority of Jews I know – and I believe the one’s I don’t – are appalled by this utterly insane megalomania. They have seen through the distortions and lies that surround the supposed preordained right of total ‘possession’ of this ancient strip of land at the Eastern most point of the Mediterranean sea.

    Those warm hearted brothers, sisters and elders who presently live in Israel, hold the key to the restoration of sanity.

    I most ardently call upon them to show the courage and irrevocable determination to resist Netanyahu’s mass extermination plans.

    Such resistance has the potential to catalyse a large ground swell of bottom-up support from around the world; but to do so – it must start from within Israel itself and embody:

    Total non compliance with political orders.
    A nationwide refusal to to be party to the murder of fellow human beings.
    A solid rebuttal of the demands of military recruitment.
    A ‘pro humanity’ expression of unequivocal solidarity with Palestinian brothers, sisters and children who share the same territory and know it as home; and whose fate it is to be subject to the view that they are ‘animals’ destined for the slaughter house.
    No thinking, feeling, self-respecting Israelite could fall into line with such depravity.

    Israel, as I learned, means ‘to strive with God’. A fine and liberating ideal. So if one is proud to be an Israeli citizen, one should know that this means to carry out actions that will be smiled upon by one’s Creator.

    This is the true ideological goal of the tribe of Israel.

    Anything else is a falsehood and must be recognised as that.

    Not just for the sake of preventing an unimaginable tragedy for the people of Palestine and of Israel, but for all of humanity.

    *

    Note to readers: Please click the share button above. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

    Julian Rose is an organic farmer, writer, broadcaster and international activist. He is author of four books of which the latest ‘Overcoming the Robotic Mind’ is a clarion call to resist the despotic New World Order takeover of our lives. Do visit his website for further information www.julianrose.info

    He is a regular contributor to Global Research.

    Featured image is by Latuff, 2006 (Source: Looking out at the World from Canada)


    https://www.globalresearch.ca/zionist-cause-dark-reversal-real-destiny-israel-true-story/5840693
    “Zionism is Not Judaism”, “Insane Megalomania”: The Zionist Cause Is a Dark Reversal of the Real Destiny of Israel — A True Story All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name. To receive Global Research’s Daily Newsletter (selected articles), click here. Click the share button above to email/forward this article to your friends and colleagues. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles. *** During the Summer of 1975 I worked as a volunteer on a Kibbutz in Northern Israel, close to the border with Lebanon. As a recent organic farming exponent in the UK, I wanted to explore how this unique socioeconomic experiment on the land was working. Although my stay in Israel was relatively short, it was an intense and meaningful experience. One which, as you will see as this story unfolds, throws a highly prescient light on the current catastrophe. There were maybe two hundred residents of the kibbutz, named ‘Rosh Ha Nikra’. One rose early and went to work on the land, coming back for a common breakfast at 9.a.m. It was too hot to work later in the mornings so one returned to the fields late afternoon to put in another session. At its inception, the basis of this community was carved out of a desert. Only an intense commitment to establishing an enduring self-sufficient village could turn the sour, salty land into something capable of growing sufficient food to provide for its occupants and a trading income. By the time I visited, there was already a thriving rural economy in operation, growing and exporting avocado pears and dairy products. Houses and land are integrated as a cooperative in the kibbutz movement, with no private ownership. Being situated close to the Lebanese border had its disadvantages. Missiles were periodically launched into surrounding territory as unresolved hostilities flared-up intermittently on the border land. It was disconcerting to an outsider, but the Rosh Ha Nikra community was hardened to this reality and did not let it break their daily routines. I am not Jewish, but have worked closely with Jewish colleagues in theatre and education projects based largely in the USA and Belgium. This led me to become interested in further exploring the background to the Israeli/Palestinian tensions that dog the peaceful functioning of the ‘two-state’ land division established in 1948. In a break from the Kibbutz work schedule, I was fortuitously given the opportunity to meet a senior figure of the Israeli military in Haifa. A kind, thoughtful individual who was close to retirement. Questioning him about his perspective on Israeli/Palestinian tensions, he responded in a way that threw a highly significant light on the reality. I recount here my memory of the deeply prescient contents of what he said: “Israel is not a country. The word in Hebrew means ‘to strive with God’ (to work with God). It is a tribal aspiration, it is not a place. To give the name Israel to this area of land is a falsification. It comes from the Zionist belief that this country is the original homeland of the Jews. There is no historical evidence for this belief, it is a dangerous fixation. Zionism is not Judaism.” At the time I was not fully aware of the ramifications of this reply; however it vividly endured in my mind from there on. My host asked what places I intended to visit in Israel. Definitely Jerusalem, I replied. His response was quite firm “Go beyond Jerusalem into the West Bank; into Jordan. Experience this place where Jordanians and Palestinian refugees live and work together.” I took his advice, initially boarding a bus to Jerusalem. It was here that I first experienced an uneasy tension between Palestinian and Jewish citizens. It should be remembered that a number of holy sites in Jerusalem are places of worship for both Palestinians and Jews. The ancient claims of both parties to the rights of ‘ownership’ of these sites causes an atmosphere of distrust and suspicion to never be far from the surface. Over the years, many bloody incidents have flared-up out of this febrile tension. Within deeper spiritual texts of old, bestowing imaginary religious powers on material objects and buildings, is considered a form of blasphemy of God, whose omniscient presence is recognised as a manifestation of infinite spirit, giving equal status to all races, colours, creeds and places. A manifestation of universal truth, not a proclamation about rights of ownership. This reflects on just why associating ‘Israel’ with a material possession would completely distort the true significance the epithet ‘To strive with God’. After exploring the impressive but austere architecture of old Jerusalem, I stepped into a colourful, creaking bus heading down into the ancient city of Jericho. Immediately the atmosphere lifted. The bus and its occupants slowly weaved its way down a long twisting road into the fertile valley below, while Arabic songs wailed out from the radio and the air became perfumed by sweet incense. Arabic headdresses replaced the casual Westernised attire of most Israelis. Outside, barren mountain slopes predominated, but in a number of places basic agricultural cultivations were in progress. Upon arriving in Old Jericho, a hoard of young men exuberantly offered their services to show visitors the local sites. I duly accepted the services of a young man with a broad smile, a good approximation of the English language and a promise of full knowledge of the relics of this ancient city. After a long day spent walking the ruins and rugged path ways, my guide asked me where I was staying. I don’t know, was my reply. Did he recommend anywhere? No he didn’t, advising it was not a good idea to stay in a local hotel. Instead, he invited me to his family home and to attend a ceremony celebrating the birth of his brother’s first child. A raucous event of much fraternal dancing and singing into which I was fully integrated. During more quiet moments my host told me about living in a form of Israeli police state. He admitted the tensions, but never spoke badly of the occupiers of his homeland, even praising Jewish agricultural achievements made on the barren hills East of Jerusalem. I spent a further few days visiting local townships; mostly peaceful, but some of the larger market towns, like Nablus, widely patrolled by Israeli armed police clearly expecting trouble. A few weeks later I left the country, with a strong impression left imprinted on my mind: on the kibbutz I was treated as a co-worker – and in Jordan I was treated as a brother. It was possible for me to see how these two quite different cultures could coexist in peace. But this could only work if the Israeli population would adopt the wisdom of the military leader I met in Haifa; and the Palestinians echo the respect for Israeli workers shown by my young Jordanian friend. Such qualities, forming the foundation of humanitarian inter-cultural respect, are the best, and perhaps only, chance for lasting peace and unity. Almost fifty years later, my reflections are not dimmed. However they have been dashed on the rocks of a terrible political deception which has now emerged as the catalyst for an ethnic cleansing nightmare that blows apart any opportunity for a peaceful resolution. This is a conflict created by the dark spin doctors of the New World Order. It is part of a deadly and carefully planned chess game designed to wipe Palestine, Gaza and the Palestinian people off the map and free-up the country of Israel to become the Zionist capital of the world. Prime Minister Netanyahu has publicly declared as much. For him and his fanatical Zionist colleagues, it is ‘God’s will’ that they should obliterate any and all opposition to the ‘chosen race’ achieving its ends. The great majority of Jews I know – and I believe the one’s I don’t – are appalled by this utterly insane megalomania. They have seen through the distortions and lies that surround the supposed preordained right of total ‘possession’ of this ancient strip of land at the Eastern most point of the Mediterranean sea. Those warm hearted brothers, sisters and elders who presently live in Israel, hold the key to the restoration of sanity. I most ardently call upon them to show the courage and irrevocable determination to resist Netanyahu’s mass extermination plans. Such resistance has the potential to catalyse a large ground swell of bottom-up support from around the world; but to do so – it must start from within Israel itself and embody: Total non compliance with political orders. A nationwide refusal to to be party to the murder of fellow human beings. A solid rebuttal of the demands of military recruitment. A ‘pro humanity’ expression of unequivocal solidarity with Palestinian brothers, sisters and children who share the same territory and know it as home; and whose fate it is to be subject to the view that they are ‘animals’ destined for the slaughter house. No thinking, feeling, self-respecting Israelite could fall into line with such depravity. Israel, as I learned, means ‘to strive with God’. A fine and liberating ideal. So if one is proud to be an Israeli citizen, one should know that this means to carry out actions that will be smiled upon by one’s Creator. This is the true ideological goal of the tribe of Israel. Anything else is a falsehood and must be recognised as that. Not just for the sake of preventing an unimaginable tragedy for the people of Palestine and of Israel, but for all of humanity. * Note to readers: Please click the share button above. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles. Julian Rose is an organic farmer, writer, broadcaster and international activist. He is author of four books of which the latest ‘Overcoming the Robotic Mind’ is a clarion call to resist the despotic New World Order takeover of our lives. Do visit his website for further information www.julianrose.info He is a regular contributor to Global Research. Featured image is by Latuff, 2006 (Source: Looking out at the World from Canada) https://www.globalresearch.ca/zionist-cause-dark-reversal-real-destiny-israel-true-story/5840693
    WWW.GLOBALRESEARCH.CA
    "Zionism is Not Judaism", "Insane Megalomania": The Zionist Cause Is a Dark Reversal of the Real Destiny of Israel — A True Story
    All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name. To receive Global Research’s Daily Newsletter (selected articles), click here. Click the share button above to email/forward this article to your friends and colleagues. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share …
    0 Commentarios 0 Acciones 8933 Views
  • If you've ever felt the relentless grip of financial struggles, you're not alone. The constant chase for money can leave you exhausted and questioning the simple pleasures of life. It's time to break free from the shackles of financial worry and manifest the abundance you deserve. What if I told you there's a secret 5-minute Tibetan morning ritual that has transformed the lives of over 14,187 people, including mine?

    The Desperate Quest for Abundance

    You're not asking for a fortune; you just want to live comfortably, free from the anxiety of bills and the fear of choosing between necessities. It's a never-ending fight, and somewhere along the way, money became the master, not the servant.

    The Prosperity Paradox Unveiled

    The real reason you haven't manifested money isn't lack of hard work or positivity—it's the elusive "Prosperity Paradox." Stick around, and I'll reveal what it is and why it's the missing key to your financial freedom.

    A Personal Transformation

    After fixing the Prosperity Paradox in my life, money started flowing in—a steady stream, not just coins and notes. It brought not only financial relief but freedom and hope. The burden lifted, replaced with wings promising new heights.

    The Ripple Effect of Wealth Manifestation

    As I manifested wealth, the world treated me differently. Respect, admiration, and even envy came my way. Opportunities found me, and I found myself surrounded by successful, like-minded individuals.

    From Humiliation to Enlightenment: A Personal Journey

    It all began with the most humiliating moment of my life at my friend Charles' opulent wedding. Despite heartfelt intentions, my modest gift became a target for public ridicule. The embarrassment fueled my determination to break free from financial struggles.

    A Spiritual Encounter in a Bookstore

    A chance encounter with an elderly woman and a weathered travelog about Bali's spiritual journey shifted my perspective. A passage spoke to me, guiding me towards silence in the midst of life's noise. Bali became a beacon of hope, not just as an escape, but as a chance to redefine my life.

    The 5-Minute Tibetan Morning Ritual: A Game-Changer

    In the quietude of Bali, I discovered the life-altering 5-minute Tibetan morning ritual. This ritual, rooted in ancient wisdom, has been a game-changer for me and over 14,187 others. It's a simple practice that harmonizes mind, body, and spirit, paving the way for abundance.

    Manifesting Abundance: A Reality for All

    As you read this letter, envision a life free from financial worry. The 5-minute Tibetan morning ritual can work for anyone, and it's time for you to experience the transformation. Break free from the relentless chase and manifest the abundance you truly deserve.

    In conclusion, the secret 5-minute Tibetan morning ritual is not just a remedy for financial struggles; it's a path to redefining your life. Join the thousands who have embraced this ritual and witnessed a profound shift. Unveil the abundance that awaits you, and let the ritual guide you from despair to triumph.

    Click here to discover the transformative power of the 5-minute Tibetan morning ritual and embark on your journey to financial freedom and abundance.

    CLICK HERE-- https://sites.google.com/view/prosperritywave/home



    If you've ever felt the relentless grip of financial struggles, you're not alone. The constant chase for money can leave you exhausted and questioning the simple pleasures of life. It's time to break free from the shackles of financial worry and manifest the abundance you deserve. What if I told you there's a secret 5-minute Tibetan morning ritual that has transformed the lives of over 14,187 people, including mine? The Desperate Quest for Abundance You're not asking for a fortune; you just want to live comfortably, free from the anxiety of bills and the fear of choosing between necessities. It's a never-ending fight, and somewhere along the way, money became the master, not the servant. The Prosperity Paradox Unveiled The real reason you haven't manifested money isn't lack of hard work or positivity—it's the elusive "Prosperity Paradox." Stick around, and I'll reveal what it is and why it's the missing key to your financial freedom. A Personal Transformation After fixing the Prosperity Paradox in my life, money started flowing in—a steady stream, not just coins and notes. It brought not only financial relief but freedom and hope. The burden lifted, replaced with wings promising new heights. The Ripple Effect of Wealth Manifestation As I manifested wealth, the world treated me differently. Respect, admiration, and even envy came my way. Opportunities found me, and I found myself surrounded by successful, like-minded individuals. From Humiliation to Enlightenment: A Personal Journey It all began with the most humiliating moment of my life at my friend Charles' opulent wedding. Despite heartfelt intentions, my modest gift became a target for public ridicule. The embarrassment fueled my determination to break free from financial struggles. A Spiritual Encounter in a Bookstore A chance encounter with an elderly woman and a weathered travelog about Bali's spiritual journey shifted my perspective. A passage spoke to me, guiding me towards silence in the midst of life's noise. Bali became a beacon of hope, not just as an escape, but as a chance to redefine my life. The 5-Minute Tibetan Morning Ritual: A Game-Changer In the quietude of Bali, I discovered the life-altering 5-minute Tibetan morning ritual. This ritual, rooted in ancient wisdom, has been a game-changer for me and over 14,187 others. It's a simple practice that harmonizes mind, body, and spirit, paving the way for abundance. Manifesting Abundance: A Reality for All As you read this letter, envision a life free from financial worry. The 5-minute Tibetan morning ritual can work for anyone, and it's time for you to experience the transformation. Break free from the relentless chase and manifest the abundance you truly deserve. In conclusion, the secret 5-minute Tibetan morning ritual is not just a remedy for financial struggles; it's a path to redefining your life. Join the thousands who have embraced this ritual and witnessed a profound shift. Unveil the abundance that awaits you, and let the ritual guide you from despair to triumph. Click here to discover the transformative power of the 5-minute Tibetan morning ritual and embark on your journey to financial freedom and abundance. CLICK HERE-- https://sites.google.com/view/prosperritywave/home
    0 Commentarios 0 Acciones 3773 Views
  • In a world inundated with self-help gurus and get-rich-quick schemes, it's rare to stumble upon a narrative as intriguing as the one shared by Alex Maxwell in his captivating video on wealth manifestation. The hook is simple but compelling: humans use only 8% of their DNA, and the key to unimaginable wealth lies dormant in the remaining 92%. As skeptical as one might be, Maxwell promises a revelation that challenges conventional wisdom about money and success.

    Maxwell introduces the concept of "Wealth DNA," nestled within the supposedly dismissed 92% labeled as "Junk DNA" by mainstream scientists. According to Maxwell, this dormant genetic treasure trove holds the secret to financial abundance, and it's a truth he stumbled upon through an unexpected encounter with a former NASA scientist, Jim.

    Jim's clandestine journey from NASA to a local dive bar, where he reveals the suppressed findings of a secret experiment, adds an element of intrigue to Maxwell's story. The experiment, involving the activation of DNA through sound frequencies, seems like a blend of science fiction and ancient mysticism. The revelation that NASA's interest in Chakras and frequencies was tied to attracting wealth adds a layer of credibility to an otherwise extraordinary tale.

    The connection between DNA and Chakras is a pivotal point in Maxwell's narrative. While Chakras have been part of spiritual discourse for centuries, Maxwell argues that they are, in fact, our spiritual DNA. The link between the 12 strands of human DNA and the 12 Chakra points is a novel perspective that bridges the gap between ancient spiritual teachings and modern scientific discoveries.

    The story takes an unexpected turn as Maxwell and Jim attempt to decode the notes obtained from NASA. The involvement of Maxwell's nephew, a codebreaker at the FBI, adds a suspenseful twist to the narrative. The revelation of specific frequencies, reminiscent of Pythagoras's "sacred geometry" and the power of sound waves, further fuels the story's mystique.

    However, the tale encounters a hurdle when the promised activation of Wealth DNA through audio tracks fails to yield immediate results. Maxwell's candid admission of disappointment and doubt injects a relatable human element into the story. The narrative, despite its fantastical elements, becomes grounded in the shared experience of frustration and skepticism.

    As Maxwell contemplates giving up on the experiment, the audience is left in suspense. The unresolved nature of the story leaves room for anticipation, questioning the legitimacy of the experiment and the effectiveness of the discovered frequencies. It's a cliffhanger that invites viewers to ponder the delicate balance between scientific inquiry and the quest for personal transformation.

    In conclusion, Alex Maxwell's journey from financial struggle to the pursuit of wealth manifestation, intertwined with NASA's secret experiment and the unlocking of Wealth DNA, offers a unique blend of science and spirituality. Whether the tale ultimately leads to financial prosperity or remains a cautionary fable, Maxwell's storytelling prowess keeps the audience engaged, prompting them to question the boundaries of belief and the untapped potential within their own DNA.

    CLICK HERE==>> https://sites.google.com/view/wealthmanifestation23/home



    In a world inundated with self-help gurus and get-rich-quick schemes, it's rare to stumble upon a narrative as intriguing as the one shared by Alex Maxwell in his captivating video on wealth manifestation. The hook is simple but compelling: humans use only 8% of their DNA, and the key to unimaginable wealth lies dormant in the remaining 92%. As skeptical as one might be, Maxwell promises a revelation that challenges conventional wisdom about money and success. Maxwell introduces the concept of "Wealth DNA," nestled within the supposedly dismissed 92% labeled as "Junk DNA" by mainstream scientists. According to Maxwell, this dormant genetic treasure trove holds the secret to financial abundance, and it's a truth he stumbled upon through an unexpected encounter with a former NASA scientist, Jim. Jim's clandestine journey from NASA to a local dive bar, where he reveals the suppressed findings of a secret experiment, adds an element of intrigue to Maxwell's story. The experiment, involving the activation of DNA through sound frequencies, seems like a blend of science fiction and ancient mysticism. The revelation that NASA's interest in Chakras and frequencies was tied to attracting wealth adds a layer of credibility to an otherwise extraordinary tale. The connection between DNA and Chakras is a pivotal point in Maxwell's narrative. While Chakras have been part of spiritual discourse for centuries, Maxwell argues that they are, in fact, our spiritual DNA. The link between the 12 strands of human DNA and the 12 Chakra points is a novel perspective that bridges the gap between ancient spiritual teachings and modern scientific discoveries. The story takes an unexpected turn as Maxwell and Jim attempt to decode the notes obtained from NASA. The involvement of Maxwell's nephew, a codebreaker at the FBI, adds a suspenseful twist to the narrative. The revelation of specific frequencies, reminiscent of Pythagoras's "sacred geometry" and the power of sound waves, further fuels the story's mystique. However, the tale encounters a hurdle when the promised activation of Wealth DNA through audio tracks fails to yield immediate results. Maxwell's candid admission of disappointment and doubt injects a relatable human element into the story. The narrative, despite its fantastical elements, becomes grounded in the shared experience of frustration and skepticism. As Maxwell contemplates giving up on the experiment, the audience is left in suspense. The unresolved nature of the story leaves room for anticipation, questioning the legitimacy of the experiment and the effectiveness of the discovered frequencies. It's a cliffhanger that invites viewers to ponder the delicate balance between scientific inquiry and the quest for personal transformation. In conclusion, Alex Maxwell's journey from financial struggle to the pursuit of wealth manifestation, intertwined with NASA's secret experiment and the unlocking of Wealth DNA, offers a unique blend of science and spirituality. Whether the tale ultimately leads to financial prosperity or remains a cautionary fable, Maxwell's storytelling prowess keeps the audience engaged, prompting them to question the boundaries of belief and the untapped potential within their own DNA. CLICK HERE==>> https://sites.google.com/view/wealthmanifestation23/home
    0 Commentarios 0 Acciones 3803 Views
  • In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype.

    The Genie Script Philosophy:

    At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality.

    Components of the Genie Script:

    Scripting Techniques:
    Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes.

    Visualization Exercises:
    Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability.

    Affirmation Integration:
    Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines.

    Effectiveness and User Experiences:

    While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs.

    It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques.

    Call to Action:

    If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary.

    Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences.

    https://sites.google.com/view/newgeniescript/home
    In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype. The Genie Script Philosophy: At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality. Components of the Genie Script: Scripting Techniques: Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes. Visualization Exercises: Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability. Affirmation Integration: Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines. Effectiveness and User Experiences: While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs. It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques. Call to Action: If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary. Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences. https://sites.google.com/view/newgeniescript/home
    0 Commentarios 0 Acciones 4104 Views 0
  • In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype.

    The Genie Script Philosophy:

    At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality.

    Components of the Genie Script:

    Scripting Techniques:
    Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes.

    Visualization Exercises:
    Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability.

    Affirmation Integration:
    Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines.

    Effectiveness and User Experiences:

    While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs.

    It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques.

    Call to Action:

    If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary.

    Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences.

    https://sites.google.com/view/newgeniescript/home
    In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype. The Genie Script Philosophy: At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality. Components of the Genie Script: Scripting Techniques: Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes. Visualization Exercises: Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability. Affirmation Integration: Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines. Effectiveness and User Experiences: While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs. It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques. Call to Action: If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary. Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences. https://sites.google.com/view/newgeniescript/home
    0 Commentarios 0 Acciones 3702 Views 0
  • In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype.

    The Genie Script Philosophy:

    At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality.

    Components of the Genie Script:

    Scripting Techniques:
    Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes.

    Visualization Exercises:
    Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability.

    Affirmation Integration:
    Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines.

    Effectiveness and User Experiences:

    While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs.

    It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques.

    Call to Action:

    If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary.

    Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences.

    https://sites.google.com/view/newgeniescript/home
    In a world where the pursuit of financial prosperity is a common aspiration, numerous self-help programs promise to unlock the secrets of wealth manifestation. One such program that has gained considerable attention is the Genie Script. In this review, we will delve into the key aspects of the Genie Script Wealth Manifestation program, exploring its principles, effectiveness, and whether it lives up to the hype. The Genie Script Philosophy: At its core, the Genie Script is grounded in the belief that individuals can reshape their financial destinies through the power of manifestation. The program emphasizes the importance of aligning thoughts, emotions, and actions with the goal of attracting abundance into one's life. Drawing inspiration from the law of attraction, the Genie Script asserts that a positive mindset and focused intention can significantly impact one's financial reality. Components of the Genie Script: Scripting Techniques: Central to the Genie Script is the practice of scripting, where participants are encouraged to write detailed, affirmative statements about their financial goals. This process is designed to reinforce positive beliefs, foster clarity, and enhance the manifestation process. Users are guided in crafting scripts that vividly depict their desired financial outcomes. Visualization Exercises: Visualization plays a crucial role in the Genie Script program. Users engage in regular exercises where they mentally picture themselves achieving their financial goals. This visualization technique is intended to create a strong connection between the individual and their aspirations, fostering a sense of belief and inevitability. Affirmation Integration: Affirmations are another cornerstone of the Genie Script methodology. Participants are encouraged to recite positive affirmations daily, reinforcing the idea that wealth and abundance are not only attainable but are already on their way. The program provides a structured approach to incorporating these affirmations into daily routines. Effectiveness and User Experiences: While success stories abound, the effectiveness of the Genie Script program can vary from person to person. Some individuals report significant improvements in their financial situations, citing a newfound sense of clarity, increased motivation, and, in some cases, tangible financial gains. Others, however, may not experience the same level of success, highlighting the subjective nature of such programs. It's crucial to note that the Genie Script is not a guaranteed path to instant wealth. Like any self-help program, its effectiveness depends on the user's commitment, belief in the process, and consistent application of the prescribed techniques. Call to Action: If you are intrigued by the prospect of transforming your financial reality and are open to exploring the principles of manifestation, the Genie Script may be worth considering. However, it's essential to approach it with realistic expectations, understanding that results may vary. Before embarking on the Genie Script journey, take the time to research and reflect on whether its principles align with your beliefs and goals. Additionally, consider seeking reviews and testimonials from individuals who have already undergone the program to gain insights into their experiences. https://sites.google.com/view/newgeniescript/home
    0 Commentarios 0 Acciones 3548 Views 0
  • "Wealth manifestation" refers to the process of consciously attracting and creating abundance in various aspects of life, particularly in terms of financial prosperity. It involves adopting a mindset that focuses on positive thinking, visualization, and goal-setting to attract wealth and success. Practitioners of wealth manifestation often believe that by aligning their thoughts, emotions, and actions with the intention of creating wealth, they can influence the universe or tap into unseen forces to bring about financial abundance. Techniques such as affirmations, vision boards, and meditation are commonly used to reinforce the belief in one's ability to manifest wealth. The concept is rooted in the idea that a positive and abundant mindset can have a powerful impact on one's financial reality. While some view wealth manifestation as a pseudoscience, others find value in its principles as a motivational tool for achieving financial goals.
    https://sites.google.com/view/wealthmanifestation23/home
    "Wealth manifestation" refers to the process of consciously attracting and creating abundance in various aspects of life, particularly in terms of financial prosperity. It involves adopting a mindset that focuses on positive thinking, visualization, and goal-setting to attract wealth and success. Practitioners of wealth manifestation often believe that by aligning their thoughts, emotions, and actions with the intention of creating wealth, they can influence the universe or tap into unseen forces to bring about financial abundance. Techniques such as affirmations, vision boards, and meditation are commonly used to reinforce the belief in one's ability to manifest wealth. The concept is rooted in the idea that a positive and abundant mindset can have a powerful impact on one's financial reality. While some view wealth manifestation as a pseudoscience, others find value in its principles as a motivational tool for achieving financial goals. https://sites.google.com/view/wealthmanifestation23/home
    0 Commentarios 0 Acciones 1972 Views 0
  • "Wealth manifestation" refers to the process of consciously attracting and creating abundance in various aspects of life, particularly in terms of financial prosperity. It involves adopting a mindset that focuses on positive thinking, visualization, and goal-setting to attract wealth and success. Practitioners of wealth manifestation often believe that by aligning their thoughts, emotions, and actions with the intention of creating wealth, they can influence the universe or tap into unseen forces to bring about financial abundance. Techniques such as affirmations, vision boards, and meditation are commonly used to reinforce the belief in one's ability to manifest wealth. The concept is rooted in the idea that a positive and abundant mindset can have a powerful impact on one's financial reality. While some view wealth manifestation as a pseudoscience, others find value in its principles as a motivational tool for achieving financial goals.
    https://sites.google.com/view/wealthmanifestation23/home



    "Wealth manifestation" refers to the process of consciously attracting and creating abundance in various aspects of life, particularly in terms of financial prosperity. It involves adopting a mindset that focuses on positive thinking, visualization, and goal-setting to attract wealth and success. Practitioners of wealth manifestation often believe that by aligning their thoughts, emotions, and actions with the intention of creating wealth, they can influence the universe or tap into unseen forces to bring about financial abundance. Techniques such as affirmations, vision boards, and meditation are commonly used to reinforce the belief in one's ability to manifest wealth. The concept is rooted in the idea that a positive and abundant mindset can have a powerful impact on one's financial reality. While some view wealth manifestation as a pseudoscience, others find value in its principles as a motivational tool for achieving financial goals. https://sites.google.com/view/wealthmanifestation23/home
    SITES.GOOGLE.COM
    Wealth Manifestation
    Unlocking the potential of your internal "wealth DNA" is a fascinating journey that holds the promise of attracting abundance effortlessly into your life. Just as physical traits are encoded in our DNA, certain psychological and behavioral patterns are thought to be rooted in our genetic makeup as
    0 Commentarios 0 Acciones 1859 Views
  • In a world driven by financial success and abundance, many of us seek the secret formula to unlock prosperity and attract wealth into our lives. What if I told you that the key to your financial abundance lies within you, encoded in your very DNA? Welcome to the concept of activating your internal "Wealth DNA" – a transformative journey that holds the potential to reshape your relationship with money and manifest a life of abundance.

    Understanding the Wealth DNA:

    The idea of a "Wealth DNA" isn't a literal genetic code, but rather a metaphor for the unique set of beliefs, attitudes, and mindset patterns that influence your approach to wealth. These internal factors shape your financial reality, either propelling you towards prosperity or holding you back in a scarcity mindset.

    Activation Steps:

    Self-Reflection and Awareness:
    Begin by reflecting on your current beliefs about money. Are they positive and empowering, or do they lean towards scarcity and lack? Acknowledge any limiting beliefs and be aware of how they may be hindering your financial growth.

    Mindset Shift:
    Cultivate a positive and abundance-oriented mindset. Replace thoughts of scarcity with thoughts of abundance. Affirmations can be a powerful tool to reshape your thinking and reprogram your subconscious mind.

    Set Clear Financial Goals:
    Define your financial objectives with clarity. Whether it's saving for a dream vacation, buying a home, or starting a business, having clear goals provides direction and motivation. Break down larger goals into smaller, achievable steps.

    Continuous Learning:
    Expand your financial knowledge. Stay informed about investment opportunities, savings strategies, and financial planning. The more you know, the better equipped you are to make informed decisions that can lead to wealth accumulation.

    Gratitude Practice:
    Develop a habit of gratitude for your current financial situation, regardless of its state. Gratitude shifts your focus from what you lack to what you have, creating a positive energy that attracts more abundance into your life.

    Law of Attraction:
    Embrace the principles of the Law of Attraction. Visualize your financial goals, feel the emotions associated with achieving them, and believe in your ability to manifest prosperity. The universe responds to the energy you emit.

    Take Action:
    Activation isn't just about thoughts and intentions; it's about taking concrete steps towards your financial goals. Create a realistic plan and take consistent actions to move closer to your aspirations.
    CLICK HERE-- https://sites.google.com/view/wealthmanifestation23/home

    In a world driven by financial success and abundance, many of us seek the secret formula to unlock prosperity and attract wealth into our lives. What if I told you that the key to your financial abundance lies within you, encoded in your very DNA? Welcome to the concept of activating your internal "Wealth DNA" – a transformative journey that holds the potential to reshape your relationship with money and manifest a life of abundance. Understanding the Wealth DNA: The idea of a "Wealth DNA" isn't a literal genetic code, but rather a metaphor for the unique set of beliefs, attitudes, and mindset patterns that influence your approach to wealth. These internal factors shape your financial reality, either propelling you towards prosperity or holding you back in a scarcity mindset. Activation Steps: Self-Reflection and Awareness: Begin by reflecting on your current beliefs about money. Are they positive and empowering, or do they lean towards scarcity and lack? Acknowledge any limiting beliefs and be aware of how they may be hindering your financial growth. Mindset Shift: Cultivate a positive and abundance-oriented mindset. Replace thoughts of scarcity with thoughts of abundance. Affirmations can be a powerful tool to reshape your thinking and reprogram your subconscious mind. Set Clear Financial Goals: Define your financial objectives with clarity. Whether it's saving for a dream vacation, buying a home, or starting a business, having clear goals provides direction and motivation. Break down larger goals into smaller, achievable steps. Continuous Learning: Expand your financial knowledge. Stay informed about investment opportunities, savings strategies, and financial planning. The more you know, the better equipped you are to make informed decisions that can lead to wealth accumulation. Gratitude Practice: Develop a habit of gratitude for your current financial situation, regardless of its state. Gratitude shifts your focus from what you lack to what you have, creating a positive energy that attracts more abundance into your life. Law of Attraction: Embrace the principles of the Law of Attraction. Visualize your financial goals, feel the emotions associated with achieving them, and believe in your ability to manifest prosperity. The universe responds to the energy you emit. Take Action: Activation isn't just about thoughts and intentions; it's about taking concrete steps towards your financial goals. Create a realistic plan and take consistent actions to move closer to your aspirations. CLICK HERE-- https://sites.google.com/view/wealthmanifestation23/home
    0 Commentarios 0 Acciones 3738 Views 1
  • Billionaires are spending money just to HIDE this from you
    “We must never let the public see this…”
    This is what the billionaires who funded the top-secret “wealth attraction” experiment based on
    CIA research…
    …told their scientists.
    But after these scientists discovered the 7-minute at-home ritual that attracts money to you…
    They began using this new ‘wealth manifestation’ secret to pay off their own debts and fill their
    coffers.
    And after one scientist showed up to work in a new Porsche…
    …he was never seen again.
    There’s no doubt, these elite billionaires funding the secret CIA “wealth attraction” experiment
    DON’T want this newly discovered secret for manifesting wealth to be revealed to the normal
    public.
    However…
    Dr. Summers — a top NYC neuroscientist who was on the team — knew this wealth
    manifestation secret would help the middle class and the cash-strapped folks the most…
    So he went rogue with the information.
    Dr. Summers confesses that you could manifest all your desires of wealth, health, and
    relationships in 7 minutes a day (starting TODAY) if you just knew what he has leaked on this
    website here.
    On this website, Dr. Summer reveals how to immediately
    ✅ Attract extra money into your life effortlessly and rapidly
    ✅ Heal your body quickly without medicine
    ✅ And find the love you’ve been searching for years
    But you better hurry…
    Because the billionaire investors that funded this research know about this website and they are
    currently sending their Manhattan lawyers to…
    …shut this site down and silence Dr. Summers, so their secret for manifesting wealth can’t be
    revealed to the normal public.
    GO HERE to discover the 7-minute at-home wealth manifestation ritual they are hiding from
    you. Click Here 👉 https://bit.ly/Somee23
    #family #home #art
    Billionaires are spending money just to HIDE this from you “We must never let the public see this…” This is what the billionaires who funded the top-secret “wealth attraction” experiment based on CIA research… …told their scientists. But after these scientists discovered the 7-minute at-home ritual that attracts money to you… They began using this new ‘wealth manifestation’ secret to pay off their own debts and fill their coffers. And after one scientist showed up to work in a new Porsche… …he was never seen again. There’s no doubt, these elite billionaires funding the secret CIA “wealth attraction” experiment DON’T want this newly discovered secret for manifesting wealth to be revealed to the normal public. However… Dr. Summers — a top NYC neuroscientist who was on the team — knew this wealth manifestation secret would help the middle class and the cash-strapped folks the most… So he went rogue with the information. Dr. Summers confesses that you could manifest all your desires of wealth, health, and relationships in 7 minutes a day (starting TODAY) if you just knew what he has leaked on this website here. On this website, Dr. Summer reveals how to immediately ✅ Attract extra money into your life effortlessly and rapidly ✅ Heal your body quickly without medicine ✅ And find the love you’ve been searching for years But you better hurry… Because the billionaire investors that funded this research know about this website and they are currently sending their Manhattan lawyers to… …shut this site down and silence Dr. Summers, so their secret for manifesting wealth can’t be revealed to the normal public. GO HERE to discover the 7-minute at-home wealth manifestation ritual they are hiding from you. Click Here 👉 https://bit.ly/Somee23 #family #home #art
    0 Commentarios 0 Acciones 2687 Views
  • The Age of Megathreats
    Nouriel RoubiniNov 4, 2022
    op_roubini3_Getty Images_worlddisaster Getty Images
    NEW YORK – Severe megathreats are imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. Many of these threats were not even on our radar during the prosperous post-World War II era. I grew up in the Middle East and Europe from the late 1950s to the early 1980s, and I never worried about climate change potentially destroying the planet. Most of us had barely even heard of the problem, and greenhouse-gas emissions were still relatively low, compared to where they would soon be.

    Moreover, after the US-Soviet détente and US President Richard Nixon’s visit to China in the early 1970s, I never really worried about another war among great powers, let alone a nuclear one. The term “pandemic” didn’t register in my consciousness, either, because the last major one had been in 1918. And I didn’t fathom that artificial intelligence might someday destroy most jobs and render Homo sapiens obsolete, because those were the years of the long “AI winter.”

    Similarly, terms like “deglobalization” and “trade war” had no purchase during this period. Trade liberalization had been in full swing since the Great Depression, and it would soon lead to the hyper-globalization that began in the 1990s. Debt crises posed no threat, because private and public debt-to-GDP ratios were low in advanced economies and emerging markets, and growth was robust. No one had to worry about the massive build-up of implicit debt, in the form of unfunded liabilities from pay-as-you-go social security and health-care systems. The supply of young workers was rising, the share of the elderly was still low, and robust, mostly unrestricted immigration from the Global South to the North would continue to prop up the labor market in advanced economies.

    Against this backdrop, economic cycles were contained, and recessions were short and shallow, except for during the stagflationary decade of the 1970s; but even then, there were no debt crises in advanced economies, because debt ratios were low. The kind of financial cycles that lead to crises were contained not just in advanced economies but even in emerging markets, owing to the low leverage, low risk-taking, solid financial regulation, capital controls, and various forms of financial repression that prevailed during this period. The advanced economies were strong liberal democracies that were free of extreme partisan polarization. Populism and authoritarianism were confined to a benighted cohort of poorer countries.

    Goodbye to All That

    Fast-forward from this relatively “golden” period between 1945 and 1985 to late 2022, and you will immediately notice that we are awash in new, extreme megathreats that were not previously on anyone’s mind. The world has entered what I call a geopolitical depression, with (at least) four dangerous revisionist powers – China, Russia, Iran, and North Korea – challenging the economic, financial, security, and geopolitical order that the United States and its allies created after WWII.

    There is a sharply rising risk not only of war among great powers but of a nuclear conflict. In the coming year, Russia’s war of aggression in Ukraine could escalate into an unconventional conflict that directly involves NATO. And Israel – and perhaps the US – may decide to launch strikes against Iran, which is on its way to building a nuclear bomb.


    Subscribe to PS Digital now to read all the latest insights from Nouriel Roubini.

    Digital subscribers enjoy access to every PS commentary, including those by Nouriel Roubini, plus our entire On Point suite of subscriber-exclusive content, including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More.

    For a limited time, save $15 with the code ROUBINI15.

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    With Chinese President Xi Jinping further consolidating his authoritarian rule, and with the US tightening its trade restrictions against China, the new Sino-American cold war is getting colder by the day. Worse, it could all too easily turn hot over the status of Taiwan, which Xi is committed to reuniting with the mainland, and which US President Joe Biden is apparently committed to defending. Meanwhile, nuclear-armed North Korea has once again been seeking attention by firing rockets over Japan and South Korea.

    Cyberwarfare occurs daily between these revisionist powers and the West, and many other countries have adopted a non-aligned posture toward Western-led sanctions regimes. From our contingent vantage point in the middle of all these events, we don’t yet know if World War III has already begun in Ukraine. That determination will be left to future historians – if there are any.

    Even discounting the threat of nuclear Armageddon, the risk of an environmental Apocalypse is becoming increasingly serious, especially given that most of the talk about net-zero and ESG (environment, social, and governance) investing is just greenwashing – or greenwishing. The new greenflation is already in full swing, because it turns out that amassing the metals needed for the energy transition requires a lot of expensive energy.

    There is also a growing risk of new pandemics that would be worse than biblical plagues, owing to the link between environmental destruction and zoonotic diseases. Wildlife, carrying dangerous pathogens, are coming into closer and more frequent contact with humans and livestock. That is why we have experienced more frequent and virulent pandemics and epidemics (HIV, SARS, MERS, swine flu, bird flu, Zika, Ebola, COVID-19) since the early 1980s. All the evidence suggests that this problem will become even worse in the future. Indeed, owing to the melting of Siberian permafrost, we may soon be confronting dangerous viruses and bacteria that have been locked away for millennia.

    Moreover, geopolitical conflicts and national-security concerns are fueling trade, financial, and technology wars, and accelerating the deglobalization process. The return of protectionism and the Sino-American decoupling will leave the global economy, supply chains, and markets more balkanized and fragmented. The buzzwords “friend-shoring” and “secure and fair trade” have replaced “offshoring” and “free trade.”

    But on the domestic front, advances in AI, robotics, and automation will destroy more and more jobs, even if policymakers build higher protectionist walls in an effort to fight the last war. By both restricting immigration and demanding more domestic production, aging advanced economies will create a stronger incentive for companies to adopt labor-saving technologies. While routine jobs are obviously at risk, so, too, are any cognitive jobs that can be unbundled into discrete tasks, and even many creative jobs. AI language models like GPT-3 can already write better than most humans and will almost certainly displace many jobs and sources of income. In due course, some scientists believe that Homo sapiens will be rendered entirely obsolete by the rise of artificial general intelligence or machine super-intelligence – though this is a highly contentious subject of debate.

    Thus, over time, economic malaise will deepen, inequality will rise even further, and more white- and blue-collar workers will be left behind.

    Hard Choices, Hard Landings

    The macroeconomic situation is no better. For the first time since the 1970s, we are facing high inflation and the prospect of a recession – stagflation. The increased inflation in advanced economies wasn’t “transitory.” It is persistent, driven by a combination of bad policies – excessively loose monetary, fiscal, and credit policies that were kept in place for too long – and bad luck. No one could have anticipated how much the initial COVID-19 shock would curtail the supply of goods and labor and create bottlenecks in global supply chains. The same goes for Russia’s brutal invasion of Ukraine, which caused a sharp spike in energy, food, fertilizers, industrial metals, and other commodities. Meanwhile, China has continued its “zero-COVID” policy, which is creating additional supply bottlenecks.

    While both demand and supply factors were in the mix, it is now widely recognized that the supply factors have played an increasingly decisive role. This matters for the economic outlook, because supply-driven inflation is stagflationary and thus increases the risk that monetary-policy tightening will produce a hard landing (increased unemployment and potentially a recession).

    What will follow from the US Federal Reserve and other major central banks’ current tightening? Until recently, most central banks and most of Wall Street belonged to “Team Soft Landing.” But the consensus has rapidly shifted, with even Fed Chair Jerome Powell recognizing that a recession is possible, that a soft landing will be “very challenging,” and that everyone should prepare for some “pain” ahead. The Federal Reserve Bank of New York’s model shows a high probability of a hard landing, and the Bank of England has expressed similar views about the United Kingdom. Several prominent Wall Street institutions have also now made a recession their baseline scenario (the most likely outcome if all other variables are held constant).

    History, too, points to deeper problems ahead. For the past 60 years in the US, whenever inflation has been above 5% (it is above 8% today), and unemployment has been below 5% (it is now 3.5%), any attempt by the Fed to bring inflation down toward its 2% target has caused a recession. Thus, a hard landing is much more likely than a soft landing, both in the US and across most other advanced economies.

    Sticky Stagflation

    In addition to the short-term factors, negative supply shocks and demand factors in the medium term will cause inflation to persist. On the supply side, I count eleven negative supply shocks that will reduce potential growth and increase the costs of production. Among these is the backlash against hyper-globalization, which has been gaining momentum and creating opportunities for populist, nativist, and protectionist politicians, and growing public anger over stark income and wealth inequalities, which is leading to more policies to support workers and the “left behind.” However well-intentioned, such measures will contribute to a dangerous wage-price spiral.

    Other sources of persistent inflation include rising protectionism (from both the left and the right), which has restricted trade, impeded the movement of capital, and heightened political resistance to immigration, which in turn has put additional upward pressure on wages. National-security and strategic considerations have further restricted flows of technology, data, and talent, and new labor and environmental standards, as important as they may be, are hampering both trade and new construction.

    This balkanization of the global economy is deeply stagflationary, and it is coinciding with demographic aging, not just in developed countries but also in large emerging economies such as China. Because young people tend to produce and save more, whereas older people spend down their savings and require many more expensive services in health care and other sectors, this trend, too, will lead to higher prices and slower growth.

    Today’s geopolitical turmoil further complicates matters. The disruptions to trade and the spike in commodity prices following Russia’s invasion were not just a one-off phenomenon. The same threats to harvests and food shipments that arose in 2022 may well persist in 2023. Moreover, if China does finally end its zero-COVID policy and begin to restart its economy, a surge in demand for many commodities will add to the global inflationary pressures. There is also no end in sight for Sino-Western decoupling, which is accelerating across all dimensions of trade (goods, services, capital, labor, technology, data, and information). And, of course, Iran, North Korea, and other strategic rivals to the West could soon contribute in their own ways to the global havoc.

    Now that the US dollar has been fully weaponized for strategic and national-security purposes, its position as the main global reserve currency could eventually begin to decline, and a weaker dollar would of course add to inflationary pressures in the US. More broadly, a frictionless world trading system requires a frictionless financial system. But sweeping primary and secondary sanctions have thrown sand in what was once a well-oiled machine, massively increasing the transaction costs of trade.

    On top of it all, climate change, too, will create persistent stagflationary pressures. Droughts, heat waves, hurricanes, and other disasters are increasingly disrupting economic activity and threatening harvests (thus driving up food prices). At the same time, demands for decarbonization have led to underinvestment in fossil-fuel capacity before investment in renewables has reached the point where they can make up the difference. Today’s large energy-price spikes were inevitable.

    The increased likelihood of future pandemics also represents a persistent source of stagflation, especially considering how little has been done to prevent or prepare for the next one. The next contagious outbreak will lend further momentum to protectionist policies as countries rush to close borders and hoard critical supplies of food, medicines, and other essential goods.

    Finally, cyberwarfare remains an underappreciated threat to economic activity and even public safety. Firms and governments will either face more stagflationary disruptions to production, or they will have to spend a fortune on cybersecurity. Either way, costs will rise.

    The Worst of All Possible Economies

    When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades. Low debt ratios spared us from that outcome in the 1970s. And though we certainly had debt crises following the 2008 crash – the result of excessive household, bank, and government debt – we also had deflation. It was a demand shock and a credit crunch that could be met with massive monetary, fiscal, and credit easing.

    Today, we are experiencing the worst elements of both the 1970s and 2008. Multiple, persistent negative supply shocks have coincided with debt ratios that are even higher than they were during the global financial crisis. These inflationary pressures are forcing central banks to tighten monetary policy even though we are heading into a recession. That makes the current situation fundamentally different from both the global financial crisis and the COVID-19 crisis. Everyone should be preparing for what may come to be remembered as the Great Stagflationary Debt Crisis.

    While central banks have been at pains to sound more hawkish, we should be skeptical of their professed willingness to fight inflation at any cost. Once they find themselves in a debt trap, they will have to blink. With debt ratios so high, fighting inflation will cause an economic and financial crash that will be deemed politically unacceptable. Major central banks will feel as though they have no choice but to backpedal, and inflation, the debasement of fiat currencies, boom-bust cycles, and financial crises will become even more severe and frequent.

    The inevitability of central banks wimping out was recently on display in the United Kingdom. Faced with the market reaction to the Truss government’s reckless fiscal stimulus, the BOE had to launch an emergency quantitative-easing (QE) program to buy up government bonds. That sad episode confirmed that in the UK, as in many other countries, monetary policy is increasingly subject to fiscal capture.

    Recall that a similar turnaround occurred in 2019, when the Fed, after previously signaling continued rate hikes and quantitative-tightening, stopped its QT program and started pursuing a mix of backdoor QE and policy-rate cuts at the first sign of mild financial pressures and a growth slowdown. Central banks will talk tough; but, in a world of excessive debt and risks of an economic and financial crash, there is good reason to doubt their willingness to do “whatever it takes” to return inflation to its target rate.

    With governments unable to reduce high debts and deficits by spending less or raising revenues, those that can borrow in their own currency will increasingly resort to the “inflation tax”: relying on unexpected price growth to wipe out long-term nominal liabilities at fixed interest rates.

    How will financial markets and prices of equities and bonds perform in the face of rising inflation and the return of stagflation? It is likely that, as in the stagflation of the 1970s, both components of any traditional asset portfolio will suffer, potentially incurring massive losses. Inflation is bad for bond portfolios, which will take losses as yields increase and prices fall, as well as for equities, whose valuations are hurt by rising interest rates.

    For the first time in decades, a 60/40 portfolio of equities and bonds suffered massive losses in 2022, because bond yields have surged while equities have gone into a bear market. By 1982, at the peak of the stagflation decade, the average S&P 500 firm’s price-to-earnings ratio was down to eight; today, it is closer to 20, which suggests that the bear market could end up being even more protracted and severe. Investors will need to find assets to hedge against inflation, political and geopolitical risks, and environmental damage: these include short-term government bonds and inflation-indexed bonds, gold and other precious metals, and real estate that is resilient to environmental damage.

    The Moment of Truth

    In any case, these megathreats will further contribute to rising income and wealth inequality, which has already been putting severe pressure on liberal democracies (as those left behind revolt against elites), and fueling the rise of radical and aggressive populist regimes. One can find right-wing manifestations of this trend in Russia, Turkey, Hungary, Italy, Sweden, the US (under Donald Trump), post-Brexit Britain, and many other countries; and left-wing manifestations in Argentina, Venezuela, Peru, Mexico, Colombia, Chile, and now Brazil (which has just replaced a right-wing populist with a left-wing one).

    And, of course, Xi’s authoritarian stranglehold has given the lie to the old idea that Western engagement with a fast-growing China would ineluctably lead that country to open itself up even more to markets and, eventually, to democratic processes. Under Xi, China shows every sign of becoming more closed off, and more aggressive on geopolitical, security, and economic matters.

    How did it come to this? Part of the problem is that we have long had our heads stuck in the sand. Now, we need to make up for lost time. Without decisive action, we will be heading into a period that is less like the four decades after WWII than like the three decades between 1914 and 1945. That period gave us World War I; the Spanish flu pandemic; the 1929 Wall Street crash; the Great Depression; massive trade and currency wars; inflation, hyperinflation, and deflation; financial and debt crises, leading to massive meltdowns and defaults; and the rise of authoritarian militarist regimes in Italy, Germany, Japan, Spain, and elsewhere, culminating in WWII and the Holocaust.

    In this new world, the relative peace, prosperity, and rising global welfare that we have taken for granted will be gone; most of it already is. If we don’t stop the multi-track slow-motion train wreck that is threatening the global economy and our planet at large, we will be lucky to have only a repeat of the stagflationary 1970s. Far more likely is an echo of the 1930s and the 1940s, only now with all the massive disruptions from climate change added to the mix.

    Avoiding a dystopian scenario will not be easy. While there are potential solutions to each megathreat, most are costly in the short run and will deliver benefits only over the long run. Many also require technological innovations that are not yet available or in place, starting with those needed to halt or reverse climate change. Complicating matters further, today’s megathreats are interconnected, and therefore best addressed in a systematic and coherent fashion. Domestic leadership, in both the private and public sector, and international cooperation among great powers is necessary to prevent the coming Apocalypse.

    Yet there are many domestic and international obstacles standing in the way of policies that would allow for a less dystopian (though still contested and conflictual) future. Thus, while a less bleak scenario is obviously desirable, a clear-headed analysis indicates that dystopia is much more likely than a happier outcome. The years and decades ahead will be marked by a stagflationary debt crisis and related megathreats – war, pandemics, climate change, disruptive AI, and deglobalization – all of which will be bad for jobs, economies, markets, peace, and prosperity.
    The Age of Megathreats Nouriel RoubiniNov 4, 2022 op_roubini3_Getty Images_worlddisaster Getty Images NEW YORK – Severe megathreats are imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. Many of these threats were not even on our radar during the prosperous post-World War II era. I grew up in the Middle East and Europe from the late 1950s to the early 1980s, and I never worried about climate change potentially destroying the planet. Most of us had barely even heard of the problem, and greenhouse-gas emissions were still relatively low, compared to where they would soon be. Moreover, after the US-Soviet détente and US President Richard Nixon’s visit to China in the early 1970s, I never really worried about another war among great powers, let alone a nuclear one. The term “pandemic” didn’t register in my consciousness, either, because the last major one had been in 1918. And I didn’t fathom that artificial intelligence might someday destroy most jobs and render Homo sapiens obsolete, because those were the years of the long “AI winter.” Similarly, terms like “deglobalization” and “trade war” had no purchase during this period. Trade liberalization had been in full swing since the Great Depression, and it would soon lead to the hyper-globalization that began in the 1990s. Debt crises posed no threat, because private and public debt-to-GDP ratios were low in advanced economies and emerging markets, and growth was robust. No one had to worry about the massive build-up of implicit debt, in the form of unfunded liabilities from pay-as-you-go social security and health-care systems. The supply of young workers was rising, the share of the elderly was still low, and robust, mostly unrestricted immigration from the Global South to the North would continue to prop up the labor market in advanced economies. Against this backdrop, economic cycles were contained, and recessions were short and shallow, except for during the stagflationary decade of the 1970s; but even then, there were no debt crises in advanced economies, because debt ratios were low. The kind of financial cycles that lead to crises were contained not just in advanced economies but even in emerging markets, owing to the low leverage, low risk-taking, solid financial regulation, capital controls, and various forms of financial repression that prevailed during this period. The advanced economies were strong liberal democracies that were free of extreme partisan polarization. Populism and authoritarianism were confined to a benighted cohort of poorer countries. Goodbye to All That Fast-forward from this relatively “golden” period between 1945 and 1985 to late 2022, and you will immediately notice that we are awash in new, extreme megathreats that were not previously on anyone’s mind. The world has entered what I call a geopolitical depression, with (at least) four dangerous revisionist powers – China, Russia, Iran, and North Korea – challenging the economic, financial, security, and geopolitical order that the United States and its allies created after WWII. There is a sharply rising risk not only of war among great powers but of a nuclear conflict. In the coming year, Russia’s war of aggression in Ukraine could escalate into an unconventional conflict that directly involves NATO. And Israel – and perhaps the US – may decide to launch strikes against Iran, which is on its way to building a nuclear bomb. Subscribe to PS Digital now to read all the latest insights from Nouriel Roubini. Digital subscribers enjoy access to every PS commentary, including those by Nouriel Roubini, plus our entire On Point suite of subscriber-exclusive content, including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More. For a limited time, save $15 with the code ROUBINI15. Subscribe Now With Chinese President Xi Jinping further consolidating his authoritarian rule, and with the US tightening its trade restrictions against China, the new Sino-American cold war is getting colder by the day. Worse, it could all too easily turn hot over the status of Taiwan, which Xi is committed to reuniting with the mainland, and which US President Joe Biden is apparently committed to defending. Meanwhile, nuclear-armed North Korea has once again been seeking attention by firing rockets over Japan and South Korea. Cyberwarfare occurs daily between these revisionist powers and the West, and many other countries have adopted a non-aligned posture toward Western-led sanctions regimes. From our contingent vantage point in the middle of all these events, we don’t yet know if World War III has already begun in Ukraine. That determination will be left to future historians – if there are any. Even discounting the threat of nuclear Armageddon, the risk of an environmental Apocalypse is becoming increasingly serious, especially given that most of the talk about net-zero and ESG (environment, social, and governance) investing is just greenwashing – or greenwishing. The new greenflation is already in full swing, because it turns out that amassing the metals needed for the energy transition requires a lot of expensive energy. There is also a growing risk of new pandemics that would be worse than biblical plagues, owing to the link between environmental destruction and zoonotic diseases. Wildlife, carrying dangerous pathogens, are coming into closer and more frequent contact with humans and livestock. That is why we have experienced more frequent and virulent pandemics and epidemics (HIV, SARS, MERS, swine flu, bird flu, Zika, Ebola, COVID-19) since the early 1980s. All the evidence suggests that this problem will become even worse in the future. Indeed, owing to the melting of Siberian permafrost, we may soon be confronting dangerous viruses and bacteria that have been locked away for millennia. Moreover, geopolitical conflicts and national-security concerns are fueling trade, financial, and technology wars, and accelerating the deglobalization process. The return of protectionism and the Sino-American decoupling will leave the global economy, supply chains, and markets more balkanized and fragmented. The buzzwords “friend-shoring” and “secure and fair trade” have replaced “offshoring” and “free trade.” But on the domestic front, advances in AI, robotics, and automation will destroy more and more jobs, even if policymakers build higher protectionist walls in an effort to fight the last war. By both restricting immigration and demanding more domestic production, aging advanced economies will create a stronger incentive for companies to adopt labor-saving technologies. While routine jobs are obviously at risk, so, too, are any cognitive jobs that can be unbundled into discrete tasks, and even many creative jobs. AI language models like GPT-3 can already write better than most humans and will almost certainly displace many jobs and sources of income. In due course, some scientists believe that Homo sapiens will be rendered entirely obsolete by the rise of artificial general intelligence or machine super-intelligence – though this is a highly contentious subject of debate. Thus, over time, economic malaise will deepen, inequality will rise even further, and more white- and blue-collar workers will be left behind. Hard Choices, Hard Landings The macroeconomic situation is no better. For the first time since the 1970s, we are facing high inflation and the prospect of a recession – stagflation. The increased inflation in advanced economies wasn’t “transitory.” It is persistent, driven by a combination of bad policies – excessively loose monetary, fiscal, and credit policies that were kept in place for too long – and bad luck. No one could have anticipated how much the initial COVID-19 shock would curtail the supply of goods and labor and create bottlenecks in global supply chains. The same goes for Russia’s brutal invasion of Ukraine, which caused a sharp spike in energy, food, fertilizers, industrial metals, and other commodities. Meanwhile, China has continued its “zero-COVID” policy, which is creating additional supply bottlenecks. While both demand and supply factors were in the mix, it is now widely recognized that the supply factors have played an increasingly decisive role. This matters for the economic outlook, because supply-driven inflation is stagflationary and thus increases the risk that monetary-policy tightening will produce a hard landing (increased unemployment and potentially a recession). What will follow from the US Federal Reserve and other major central banks’ current tightening? Until recently, most central banks and most of Wall Street belonged to “Team Soft Landing.” But the consensus has rapidly shifted, with even Fed Chair Jerome Powell recognizing that a recession is possible, that a soft landing will be “very challenging,” and that everyone should prepare for some “pain” ahead. The Federal Reserve Bank of New York’s model shows a high probability of a hard landing, and the Bank of England has expressed similar views about the United Kingdom. Several prominent Wall Street institutions have also now made a recession their baseline scenario (the most likely outcome if all other variables are held constant). History, too, points to deeper problems ahead. For the past 60 years in the US, whenever inflation has been above 5% (it is above 8% today), and unemployment has been below 5% (it is now 3.5%), any attempt by the Fed to bring inflation down toward its 2% target has caused a recession. Thus, a hard landing is much more likely than a soft landing, both in the US and across most other advanced economies. Sticky Stagflation In addition to the short-term factors, negative supply shocks and demand factors in the medium term will cause inflation to persist. On the supply side, I count eleven negative supply shocks that will reduce potential growth and increase the costs of production. Among these is the backlash against hyper-globalization, which has been gaining momentum and creating opportunities for populist, nativist, and protectionist politicians, and growing public anger over stark income and wealth inequalities, which is leading to more policies to support workers and the “left behind.” However well-intentioned, such measures will contribute to a dangerous wage-price spiral. Other sources of persistent inflation include rising protectionism (from both the left and the right), which has restricted trade, impeded the movement of capital, and heightened political resistance to immigration, which in turn has put additional upward pressure on wages. National-security and strategic considerations have further restricted flows of technology, data, and talent, and new labor and environmental standards, as important as they may be, are hampering both trade and new construction. This balkanization of the global economy is deeply stagflationary, and it is coinciding with demographic aging, not just in developed countries but also in large emerging economies such as China. Because young people tend to produce and save more, whereas older people spend down their savings and require many more expensive services in health care and other sectors, this trend, too, will lead to higher prices and slower growth. Today’s geopolitical turmoil further complicates matters. The disruptions to trade and the spike in commodity prices following Russia’s invasion were not just a one-off phenomenon. The same threats to harvests and food shipments that arose in 2022 may well persist in 2023. Moreover, if China does finally end its zero-COVID policy and begin to restart its economy, a surge in demand for many commodities will add to the global inflationary pressures. There is also no end in sight for Sino-Western decoupling, which is accelerating across all dimensions of trade (goods, services, capital, labor, technology, data, and information). And, of course, Iran, North Korea, and other strategic rivals to the West could soon contribute in their own ways to the global havoc. Now that the US dollar has been fully weaponized for strategic and national-security purposes, its position as the main global reserve currency could eventually begin to decline, and a weaker dollar would of course add to inflationary pressures in the US. More broadly, a frictionless world trading system requires a frictionless financial system. But sweeping primary and secondary sanctions have thrown sand in what was once a well-oiled machine, massively increasing the transaction costs of trade. On top of it all, climate change, too, will create persistent stagflationary pressures. Droughts, heat waves, hurricanes, and other disasters are increasingly disrupting economic activity and threatening harvests (thus driving up food prices). At the same time, demands for decarbonization have led to underinvestment in fossil-fuel capacity before investment in renewables has reached the point where they can make up the difference. Today’s large energy-price spikes were inevitable. The increased likelihood of future pandemics also represents a persistent source of stagflation, especially considering how little has been done to prevent or prepare for the next one. The next contagious outbreak will lend further momentum to protectionist policies as countries rush to close borders and hoard critical supplies of food, medicines, and other essential goods. Finally, cyberwarfare remains an underappreciated threat to economic activity and even public safety. Firms and governments will either face more stagflationary disruptions to production, or they will have to spend a fortune on cybersecurity. Either way, costs will rise. The Worst of All Possible Economies When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades. Low debt ratios spared us from that outcome in the 1970s. And though we certainly had debt crises following the 2008 crash – the result of excessive household, bank, and government debt – we also had deflation. It was a demand shock and a credit crunch that could be met with massive monetary, fiscal, and credit easing. Today, we are experiencing the worst elements of both the 1970s and 2008. Multiple, persistent negative supply shocks have coincided with debt ratios that are even higher than they were during the global financial crisis. These inflationary pressures are forcing central banks to tighten monetary policy even though we are heading into a recession. That makes the current situation fundamentally different from both the global financial crisis and the COVID-19 crisis. Everyone should be preparing for what may come to be remembered as the Great Stagflationary Debt Crisis. While central banks have been at pains to sound more hawkish, we should be skeptical of their professed willingness to fight inflation at any cost. Once they find themselves in a debt trap, they will have to blink. With debt ratios so high, fighting inflation will cause an economic and financial crash that will be deemed politically unacceptable. Major central banks will feel as though they have no choice but to backpedal, and inflation, the debasement of fiat currencies, boom-bust cycles, and financial crises will become even more severe and frequent. The inevitability of central banks wimping out was recently on display in the United Kingdom. Faced with the market reaction to the Truss government’s reckless fiscal stimulus, the BOE had to launch an emergency quantitative-easing (QE) program to buy up government bonds. That sad episode confirmed that in the UK, as in many other countries, monetary policy is increasingly subject to fiscal capture. Recall that a similar turnaround occurred in 2019, when the Fed, after previously signaling continued rate hikes and quantitative-tightening, stopped its QT program and started pursuing a mix of backdoor QE and policy-rate cuts at the first sign of mild financial pressures and a growth slowdown. Central banks will talk tough; but, in a world of excessive debt and risks of an economic and financial crash, there is good reason to doubt their willingness to do “whatever it takes” to return inflation to its target rate. With governments unable to reduce high debts and deficits by spending less or raising revenues, those that can borrow in their own currency will increasingly resort to the “inflation tax”: relying on unexpected price growth to wipe out long-term nominal liabilities at fixed interest rates. How will financial markets and prices of equities and bonds perform in the face of rising inflation and the return of stagflation? It is likely that, as in the stagflation of the 1970s, both components of any traditional asset portfolio will suffer, potentially incurring massive losses. Inflation is bad for bond portfolios, which will take losses as yields increase and prices fall, as well as for equities, whose valuations are hurt by rising interest rates. For the first time in decades, a 60/40 portfolio of equities and bonds suffered massive losses in 2022, because bond yields have surged while equities have gone into a bear market. By 1982, at the peak of the stagflation decade, the average S&P 500 firm’s price-to-earnings ratio was down to eight; today, it is closer to 20, which suggests that the bear market could end up being even more protracted and severe. Investors will need to find assets to hedge against inflation, political and geopolitical risks, and environmental damage: these include short-term government bonds and inflation-indexed bonds, gold and other precious metals, and real estate that is resilient to environmental damage. The Moment of Truth In any case, these megathreats will further contribute to rising income and wealth inequality, which has already been putting severe pressure on liberal democracies (as those left behind revolt against elites), and fueling the rise of radical and aggressive populist regimes. One can find right-wing manifestations of this trend in Russia, Turkey, Hungary, Italy, Sweden, the US (under Donald Trump), post-Brexit Britain, and many other countries; and left-wing manifestations in Argentina, Venezuela, Peru, Mexico, Colombia, Chile, and now Brazil (which has just replaced a right-wing populist with a left-wing one). And, of course, Xi’s authoritarian stranglehold has given the lie to the old idea that Western engagement with a fast-growing China would ineluctably lead that country to open itself up even more to markets and, eventually, to democratic processes. Under Xi, China shows every sign of becoming more closed off, and more aggressive on geopolitical, security, and economic matters. How did it come to this? Part of the problem is that we have long had our heads stuck in the sand. Now, we need to make up for lost time. Without decisive action, we will be heading into a period that is less like the four decades after WWII than like the three decades between 1914 and 1945. That period gave us World War I; the Spanish flu pandemic; the 1929 Wall Street crash; the Great Depression; massive trade and currency wars; inflation, hyperinflation, and deflation; financial and debt crises, leading to massive meltdowns and defaults; and the rise of authoritarian militarist regimes in Italy, Germany, Japan, Spain, and elsewhere, culminating in WWII and the Holocaust. In this new world, the relative peace, prosperity, and rising global welfare that we have taken for granted will be gone; most of it already is. If we don’t stop the multi-track slow-motion train wreck that is threatening the global economy and our planet at large, we will be lucky to have only a repeat of the stagflationary 1970s. Far more likely is an echo of the 1930s and the 1940s, only now with all the massive disruptions from climate change added to the mix. Avoiding a dystopian scenario will not be easy. While there are potential solutions to each megathreat, most are costly in the short run and will deliver benefits only over the long run. Many also require technological innovations that are not yet available or in place, starting with those needed to halt or reverse climate change. Complicating matters further, today’s megathreats are interconnected, and therefore best addressed in a systematic and coherent fashion. Domestic leadership, in both the private and public sector, and international cooperation among great powers is necessary to prevent the coming Apocalypse. Yet there are many domestic and international obstacles standing in the way of policies that would allow for a less dystopian (though still contested and conflictual) future. Thus, while a less bleak scenario is obviously desirable, a clear-headed analysis indicates that dystopia is much more likely than a happier outcome. The years and decades ahead will be marked by a stagflationary debt crisis and related megathreats – war, pandemics, climate change, disruptive AI, and deglobalization – all of which will be bad for jobs, economies, markets, peace, and prosperity.
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  • The Age of Megathreats
    Nouriel RoubiniNov 4, 2022
    op_roubini3_Getty Images_worlddisaster Getty Images
    NEW YORK – Severe megathreats are imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. Many of these threats were not even on our radar during the prosperous post-World War II era. I grew up in the Middle East and Europe from the late 1950s to the early 1980s, and I never worried about climate change potentially destroying the planet. Most of us had barely even heard of the problem, and greenhouse-gas emissions were still relatively low, compared to where they would soon be.

    Moreover, after the US-Soviet détente and US President Richard Nixon’s visit to China in the early 1970s, I never really worried about another war among great powers, let alone a nuclear one. The term “pandemic” didn’t register in my consciousness, either, because the last major one had been in 1918. And I didn’t fathom that artificial intelligence might someday destroy most jobs and render Homo sapiens obsolete, because those were the years of the long “AI winter.”

    Similarly, terms like “deglobalization” and “trade war” had no purchase during this period. Trade liberalization had been in full swing since the Great Depression, and it would soon lead to the hyper-globalization that began in the 1990s. Debt crises posed no threat, because private and public debt-to-GDP ratios were low in advanced economies and emerging markets, and growth was robust. No one had to worry about the massive build-up of implicit debt, in the form of unfunded liabilities from pay-as-you-go social security and health-care systems. The supply of young workers was rising, the share of the elderly was still low, and robust, mostly unrestricted immigration from the Global South to the North would continue to prop up the labor market in advanced economies.

    Against this backdrop, economic cycles were contained, and recessions were short and shallow, except for during the stagflationary decade of the 1970s; but even then, there were no debt crises in advanced economies, because debt ratios were low. The kind of financial cycles that lead to crises were contained not just in advanced economies but even in emerging markets, owing to the low leverage, low risk-taking, solid financial regulation, capital controls, and various forms of financial repression that prevailed during this period. The advanced economies were strong liberal democracies that were free of extreme partisan polarization. Populism and authoritarianism were confined to a benighted cohort of poorer countries.

    Goodbye to All That

    Fast-forward from this relatively “golden” period between 1945 and 1985 to late 2022, and you will immediately notice that we are awash in new, extreme megathreats that were not previously on anyone’s mind. The world has entered what I call a geopolitical depression, with (at least) four dangerous revisionist powers – China, Russia, Iran, and North Korea – challenging the economic, financial, security, and geopolitical order that the United States and its allies created after WWII.

    There is a sharply rising risk not only of war among great powers but of a nuclear conflict. In the coming year, Russia’s war of aggression in Ukraine could escalate into an unconventional conflict that directly involves NATO. And Israel – and perhaps the US – may decide to launch strikes against Iran, which is on its way to building a nuclear bomb.


    Subscribe to PS Digital now to read all the latest insights from Nouriel Roubini.

    Digital subscribers enjoy access to every PS commentary, including those by Nouriel Roubini, plus our entire On Point suite of subscriber-exclusive content, including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More.

    For a limited time, save $15 with the code ROUBINI15.

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    With Chinese President Xi Jinping further consolidating his authoritarian rule, and with the US tightening its trade restrictions against China, the new Sino-American cold war is getting colder by the day. Worse, it could all too easily turn hot over the status of Taiwan, which Xi is committed to reuniting with the mainland, and which US President Joe Biden is apparently committed to defending. Meanwhile, nuclear-armed North Korea has once again been seeking attention by firing rockets over Japan and South Korea.

    Cyberwarfare occurs daily between these revisionist powers and the West, and many other countries have adopted a non-aligned posture toward Western-led sanctions regimes. From our contingent vantage point in the middle of all these events, we don’t yet know if World War III has already begun in Ukraine. That determination will be left to future historians – if there are any.

    Even discounting the threat of nuclear Armageddon, the risk of an environmental Apocalypse is becoming increasingly serious, especially given that most of the talk about net-zero and ESG (environment, social, and governance) investing is just greenwashing – or greenwishing. The new greenflation is already in full swing, because it turns out that amassing the metals needed for the energy transition requires a lot of expensive energy.

    There is also a growing risk of new pandemics that would be worse than biblical plagues, owing to the link between environmental destruction and zoonotic diseases. Wildlife, carrying dangerous pathogens, are coming into closer and more frequent contact with humans and livestock. That is why we have experienced more frequent and virulent pandemics and epidemics (HIV, SARS, MERS, swine flu, bird flu, Zika, Ebola, COVID-19) since the early 1980s. All the evidence suggests that this problem will become even worse in the future. Indeed, owing to the melting of Siberian permafrost, we may soon be confronting dangerous viruses and bacteria that have been locked away for millennia.

    Moreover, geopolitical conflicts and national-security concerns are fueling trade, financial, and technology wars, and accelerating the deglobalization process. The return of protectionism and the Sino-American decoupling will leave the global economy, supply chains, and markets more balkanized and fragmented. The buzzwords “friend-shoring” and “secure and fair trade” have replaced “offshoring” and “free trade.”

    But on the domestic front, advances in AI, robotics, and automation will destroy more and more jobs, even if policymakers build higher protectionist walls in an effort to fight the last war. By both restricting immigration and demanding more domestic production, aging advanced economies will create a stronger incentive for companies to adopt labor-saving technologies. While routine jobs are obviously at risk, so, too, are any cognitive jobs that can be unbundled into discrete tasks, and even many creative jobs. AI language models like GPT-3 can already write better than most humans and will almost certainly displace many jobs and sources of income. In due course, some scientists believe that Homo sapiens will be rendered entirely obsolete by the rise of artificial general intelligence or machine super-intelligence – though this is a highly contentious subject of debate.

    Thus, over time, economic malaise will deepen, inequality will rise even further, and more white- and blue-collar workers will be left behind.

    Hard Choices, Hard Landings

    The macroeconomic situation is no better. For the first time since the 1970s, we are facing high inflation and the prospect of a recession – stagflation. The increased inflation in advanced economies wasn’t “transitory.” It is persistent, driven by a combination of bad policies – excessively loose monetary, fiscal, and credit policies that were kept in place for too long – and bad luck. No one could have anticipated how much the initial COVID-19 shock would curtail the supply of goods and labor and create bottlenecks in global supply chains. The same goes for Russia’s brutal invasion of Ukraine, which caused a sharp spike in energy, food, fertilizers, industrial metals, and other commodities. Meanwhile, China has continued its “zero-COVID” policy, which is creating additional supply bottlenecks.

    While both demand and supply factors were in the mix, it is now widely recognized that the supply factors have played an increasingly decisive role. This matters for the economic outlook, because supply-driven inflation is stagflationary and thus increases the risk that monetary-policy tightening will produce a hard landing (increased unemployment and potentially a recession).

    What will follow from the US Federal Reserve and other major central banks’ current tightening? Until recently, most central banks and most of Wall Street belonged to “Team Soft Landing.” But the consensus has rapidly shifted, with even Fed Chair Jerome Powell recognizing that a recession is possible, that a soft landing will be “very challenging,” and that everyone should prepare for some “pain” ahead. The Federal Reserve Bank of New York’s model shows a high probability of a hard landing, and the Bank of England has expressed similar views about the United Kingdom. Several prominent Wall Street institutions have also now made a recession their baseline scenario (the most likely outcome if all other variables are held constant).

    History, too, points to deeper problems ahead. For the past 60 years in the US, whenever inflation has been above 5% (it is above 8% today), and unemployment has been below 5% (it is now 3.5%), any attempt by the Fed to bring inflation down toward its 2% target has caused a recession. Thus, a hard landing is much more likely than a soft landing, both in the US and across most other advanced economies.

    Sticky Stagflation

    In addition to the short-term factors, negative supply shocks and demand factors in the medium term will cause inflation to persist. On the supply side, I count eleven negative supply shocks that will reduce potential growth and increase the costs of production. Among these is the backlash against hyper-globalization, which has been gaining momentum and creating opportunities for populist, nativist, and protectionist politicians, and growing public anger over stark income and wealth inequalities, which is leading to more policies to support workers and the “left behind.” However well-intentioned, such measures will contribute to a dangerous wage-price spiral.

    Other sources of persistent inflation include rising protectionism (from both the left and the right), which has restricted trade, impeded the movement of capital, and heightened political resistance to immigration, which in turn has put additional upward pressure on wages. National-security and strategic considerations have further restricted flows of technology, data, and talent, and new labor and environmental standards, as important as they may be, are hampering both trade and new construction.

    This balkanization of the global economy is deeply stagflationary, and it is coinciding with demographic aging, not just in developed countries but also in large emerging economies such as China. Because young people tend to produce and save more, whereas older people spend down their savings and require many more expensive services in health care and other sectors, this trend, too, will lead to higher prices and slower growth.

    Today’s geopolitical turmoil further complicates matters. The disruptions to trade and the spike in commodity prices following Russia’s invasion were not just a one-off phenomenon. The same threats to harvests and food shipments that arose in 2022 may well persist in 2023. Moreover, if China does finally end its zero-COVID policy and begin to restart its economy, a surge in demand for many commodities will add to the global inflationary pressures. There is also no end in sight for Sino-Western decoupling, which is accelerating across all dimensions of trade (goods, services, capital, labor, technology, data, and information). And, of course, Iran, North Korea, and other strategic rivals to the West could soon contribute in their own ways to the global havoc.

    Now that the US dollar has been fully weaponized for strategic and national-security purposes, its position as the main global reserve currency could eventually begin to decline, and a weaker dollar would of course add to inflationary pressures in the US. More broadly, a frictionless world trading system requires a frictionless financial system. But sweeping primary and secondary sanctions have thrown sand in what was once a well-oiled machine, massively increasing the transaction costs of trade.

    On top of it all, climate change, too, will create persistent stagflationary pressures. Droughts, heat waves, hurricanes, and other disasters are increasingly disrupting economic activity and threatening harvests (thus driving up food prices). At the same time, demands for decarbonization have led to underinvestment in fossil-fuel capacity before investment in renewables has reached the point where they can make up the difference. Today’s large energy-price spikes were inevitable.

    The increased likelihood of future pandemics also represents a persistent source of stagflation, especially considering how little has been done to prevent or prepare for the next one. The next contagious outbreak will lend further momentum to protectionist policies as countries rush to close borders and hoard critical supplies of food, medicines, and other essential goods.

    Finally, cyberwarfare remains an underappreciated threat to economic activity and even public safety. Firms and governments will either face more stagflationary disruptions to production, or they will have to spend a fortune on cybersecurity. Either way, costs will rise.

    The Worst of All Possible Economies

    When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades. Low debt ratios spared us from that outcome in the 1970s. And though we certainly had debt crises following the 2008 crash – the result of excessive household, bank, and government debt – we also had deflation. It was a demand shock and a credit crunch that could be met with massive monetary, fiscal, and credit easing.

    Today, we are experiencing the worst elements of both the 1970s and 2008. Multiple, persistent negative supply shocks have coincided with debt ratios that are even higher than they were during the global financial crisis. These inflationary pressures are forcing central banks to tighten monetary policy even though we are heading into a recession. That makes the current situation fundamentally different from both the global financial crisis and the COVID-19 crisis. Everyone should be preparing for what may come to be remembered as the Great Stagflationary Debt Crisis.

    While central banks have been at pains to sound more hawkish, we should be skeptical of their professed willingness to fight inflation at any cost. Once they find themselves in a debt trap, they will have to blink. With debt ratios so high, fighting inflation will cause an economic and financial crash that will be deemed politically unacceptable. Major central banks will feel as though they have no choice but to backpedal, and inflation, the debasement of fiat currencies, boom-bust cycles, and financial crises will become even more severe and frequent.

    The inevitability of central banks wimping out was recently on display in the United Kingdom. Faced with the market reaction to the Truss government’s reckless fiscal stimulus, the BOE had to launch an emergency quantitative-easing (QE) program to buy up government bonds. That sad episode confirmed that in the UK, as in many other countries, monetary policy is increasingly subject to fiscal capture.

    Recall that a similar turnaround occurred in 2019, when the Fed, after previously signaling continued rate hikes and quantitative-tightening, stopped its QT program and started pursuing a mix of backdoor QE and policy-rate cuts at the first sign of mild financial pressures and a growth slowdown. Central banks will talk tough; but, in a world of excessive debt and risks of an economic and financial crash, there is good reason to doubt their willingness to do “whatever it takes” to return inflation to its target rate.

    With governments unable to reduce high debts and deficits by spending less or raising revenues, those that can borrow in their own currency will increasingly resort to the “inflation tax”: relying on unexpected price growth to wipe out long-term nominal liabilities at fixed interest rates.

    How will financial markets and prices of equities and bonds perform in the face of rising inflation and the return of stagflation? It is likely that, as in the stagflation of the 1970s, both components of any traditional asset portfolio will suffer, potentially incurring massive losses. Inflation is bad for bond portfolios, which will take losses as yields increase and prices fall, as well as for equities, whose valuations are hurt by rising interest rates.

    For the first time in decades, a 60/40 portfolio of equities and bonds suffered massive losses in 2022, because bond yields have surged while equities have gone into a bear market. By 1982, at the peak of the stagflation decade, the average S&P 500 firm’s price-to-earnings ratio was down to eight; today, it is closer to 20, which suggests that the bear market could end up being even more protracted and severe. Investors will need to find assets to hedge against inflation, political and geopolitical risks, and environmental damage: these include short-term government bonds and inflation-indexed bonds, gold and other precious metals, and real estate that is resilient to environmental damage.

    The Moment of Truth

    In any case, these megathreats will further contribute to rising income and wealth inequality, which has already been putting severe pressure on liberal democracies (as those left behind revolt against elites), and fueling the rise of radical and aggressive populist regimes. One can find right-wing manifestations of this trend in Russia, Turkey, Hungary, Italy, Sweden, the US (under Donald Trump), post-Brexit Britain, and many other countries; and left-wing manifestations in Argentina, Venezuela, Peru, Mexico, Colombia, Chile, and now Brazil (which has just replaced a right-wing populist with a left-wing one).

    And, of course, Xi’s authoritarian stranglehold has given the lie to the old idea that Western engagement with a fast-growing China would ineluctably lead that country to open itself up even more to markets and, eventually, to democratic processes. Under Xi, China shows every sign of becoming more closed off, and more aggressive on geopolitical, security, and economic matters.

    How did it come to this? Part of the problem is that we have long had our heads stuck in the sand. Now, we need to make up for lost time. Without decisive action, we will be heading into a period that is less like the four decades after WWII than like the three decades between 1914 and 1945. That period gave us World War I; the Spanish flu pandemic; the 1929 Wall Street crash; the Great Depression; massive trade and currency wars; inflation, hyperinflation, and deflation; financial and debt crises, leading to massive meltdowns and defaults; and the rise of authoritarian militarist regimes in Italy, Germany, Japan, Spain, and elsewhere, culminating in WWII and the Holocaust.

    In this new world, the relative peace, prosperity, and rising global welfare that we have taken for granted will be gone; most of it already is. If we don’t stop the multi-track slow-motion train wreck that is threatening the global economy and our planet at large, we will be lucky to have only a repeat of the stagflationary 1970s. Far more likely is an echo of the 1930s and the 1940s, only now with all the massive disruptions from climate change added to the mix.

    Avoiding a dystopian scenario will not be easy. While there are potential solutions to each megathreat, most are costly in the short run and will deliver benefits only over the long run. Many also require technological innovations that are not yet available or in place, starting with those needed to halt or reverse climate change. Complicating matters further, today’s megathreats are interconnected, and therefore best addressed in a systematic and coherent fashion. Domestic leadership, in both the private and public sector, and international cooperation among great powers is necessary to prevent the coming Apocalypse.

    Yet there are many domestic and international obstacles standing in the way of policies that would allow for a less dystopian (though still contested and conflictual) future. Thus, while a less bleak scenario is obviously desirable, a clear-headed analysis indicates that dystopia is much more likely than a happier outcome. The years and decades ahead will be marked by a stagflationary debt crisis and related megathreats – war, pandemics, climate change, disruptive AI, and deglobalization – all of which will be bad for jobs, economies, markets, peace, and prosperity.
    The Age of Megathreats Nouriel RoubiniNov 4, 2022 op_roubini3_Getty Images_worlddisaster Getty Images NEW YORK – Severe megathreats are imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. Many of these threats were not even on our radar during the prosperous post-World War II era. I grew up in the Middle East and Europe from the late 1950s to the early 1980s, and I never worried about climate change potentially destroying the planet. Most of us had barely even heard of the problem, and greenhouse-gas emissions were still relatively low, compared to where they would soon be. Moreover, after the US-Soviet détente and US President Richard Nixon’s visit to China in the early 1970s, I never really worried about another war among great powers, let alone a nuclear one. The term “pandemic” didn’t register in my consciousness, either, because the last major one had been in 1918. And I didn’t fathom that artificial intelligence might someday destroy most jobs and render Homo sapiens obsolete, because those were the years of the long “AI winter.” Similarly, terms like “deglobalization” and “trade war” had no purchase during this period. Trade liberalization had been in full swing since the Great Depression, and it would soon lead to the hyper-globalization that began in the 1990s. Debt crises posed no threat, because private and public debt-to-GDP ratios were low in advanced economies and emerging markets, and growth was robust. No one had to worry about the massive build-up of implicit debt, in the form of unfunded liabilities from pay-as-you-go social security and health-care systems. The supply of young workers was rising, the share of the elderly was still low, and robust, mostly unrestricted immigration from the Global South to the North would continue to prop up the labor market in advanced economies. Against this backdrop, economic cycles were contained, and recessions were short and shallow, except for during the stagflationary decade of the 1970s; but even then, there were no debt crises in advanced economies, because debt ratios were low. The kind of financial cycles that lead to crises were contained not just in advanced economies but even in emerging markets, owing to the low leverage, low risk-taking, solid financial regulation, capital controls, and various forms of financial repression that prevailed during this period. The advanced economies were strong liberal democracies that were free of extreme partisan polarization. Populism and authoritarianism were confined to a benighted cohort of poorer countries. Goodbye to All That Fast-forward from this relatively “golden” period between 1945 and 1985 to late 2022, and you will immediately notice that we are awash in new, extreme megathreats that were not previously on anyone’s mind. The world has entered what I call a geopolitical depression, with (at least) four dangerous revisionist powers – China, Russia, Iran, and North Korea – challenging the economic, financial, security, and geopolitical order that the United States and its allies created after WWII. There is a sharply rising risk not only of war among great powers but of a nuclear conflict. In the coming year, Russia’s war of aggression in Ukraine could escalate into an unconventional conflict that directly involves NATO. And Israel – and perhaps the US – may decide to launch strikes against Iran, which is on its way to building a nuclear bomb. Subscribe to PS Digital now to read all the latest insights from Nouriel Roubini. Digital subscribers enjoy access to every PS commentary, including those by Nouriel Roubini, plus our entire On Point suite of subscriber-exclusive content, including Longer Reads, Insider Interviews, Big Picture/Big Question, and Say More. For a limited time, save $15 with the code ROUBINI15. Subscribe Now With Chinese President Xi Jinping further consolidating his authoritarian rule, and with the US tightening its trade restrictions against China, the new Sino-American cold war is getting colder by the day. Worse, it could all too easily turn hot over the status of Taiwan, which Xi is committed to reuniting with the mainland, and which US President Joe Biden is apparently committed to defending. Meanwhile, nuclear-armed North Korea has once again been seeking attention by firing rockets over Japan and South Korea. Cyberwarfare occurs daily between these revisionist powers and the West, and many other countries have adopted a non-aligned posture toward Western-led sanctions regimes. From our contingent vantage point in the middle of all these events, we don’t yet know if World War III has already begun in Ukraine. That determination will be left to future historians – if there are any. Even discounting the threat of nuclear Armageddon, the risk of an environmental Apocalypse is becoming increasingly serious, especially given that most of the talk about net-zero and ESG (environment, social, and governance) investing is just greenwashing – or greenwishing. The new greenflation is already in full swing, because it turns out that amassing the metals needed for the energy transition requires a lot of expensive energy. There is also a growing risk of new pandemics that would be worse than biblical plagues, owing to the link between environmental destruction and zoonotic diseases. Wildlife, carrying dangerous pathogens, are coming into closer and more frequent contact with humans and livestock. That is why we have experienced more frequent and virulent pandemics and epidemics (HIV, SARS, MERS, swine flu, bird flu, Zika, Ebola, COVID-19) since the early 1980s. All the evidence suggests that this problem will become even worse in the future. Indeed, owing to the melting of Siberian permafrost, we may soon be confronting dangerous viruses and bacteria that have been locked away for millennia. Moreover, geopolitical conflicts and national-security concerns are fueling trade, financial, and technology wars, and accelerating the deglobalization process. The return of protectionism and the Sino-American decoupling will leave the global economy, supply chains, and markets more balkanized and fragmented. The buzzwords “friend-shoring” and “secure and fair trade” have replaced “offshoring” and “free trade.” But on the domestic front, advances in AI, robotics, and automation will destroy more and more jobs, even if policymakers build higher protectionist walls in an effort to fight the last war. By both restricting immigration and demanding more domestic production, aging advanced economies will create a stronger incentive for companies to adopt labor-saving technologies. While routine jobs are obviously at risk, so, too, are any cognitive jobs that can be unbundled into discrete tasks, and even many creative jobs. AI language models like GPT-3 can already write better than most humans and will almost certainly displace many jobs and sources of income. In due course, some scientists believe that Homo sapiens will be rendered entirely obsolete by the rise of artificial general intelligence or machine super-intelligence – though this is a highly contentious subject of debate. Thus, over time, economic malaise will deepen, inequality will rise even further, and more white- and blue-collar workers will be left behind. Hard Choices, Hard Landings The macroeconomic situation is no better. For the first time since the 1970s, we are facing high inflation and the prospect of a recession – stagflation. The increased inflation in advanced economies wasn’t “transitory.” It is persistent, driven by a combination of bad policies – excessively loose monetary, fiscal, and credit policies that were kept in place for too long – and bad luck. No one could have anticipated how much the initial COVID-19 shock would curtail the supply of goods and labor and create bottlenecks in global supply chains. The same goes for Russia’s brutal invasion of Ukraine, which caused a sharp spike in energy, food, fertilizers, industrial metals, and other commodities. Meanwhile, China has continued its “zero-COVID” policy, which is creating additional supply bottlenecks. While both demand and supply factors were in the mix, it is now widely recognized that the supply factors have played an increasingly decisive role. This matters for the economic outlook, because supply-driven inflation is stagflationary and thus increases the risk that monetary-policy tightening will produce a hard landing (increased unemployment and potentially a recession). What will follow from the US Federal Reserve and other major central banks’ current tightening? Until recently, most central banks and most of Wall Street belonged to “Team Soft Landing.” But the consensus has rapidly shifted, with even Fed Chair Jerome Powell recognizing that a recession is possible, that a soft landing will be “very challenging,” and that everyone should prepare for some “pain” ahead. The Federal Reserve Bank of New York’s model shows a high probability of a hard landing, and the Bank of England has expressed similar views about the United Kingdom. Several prominent Wall Street institutions have also now made a recession their baseline scenario (the most likely outcome if all other variables are held constant). History, too, points to deeper problems ahead. For the past 60 years in the US, whenever inflation has been above 5% (it is above 8% today), and unemployment has been below 5% (it is now 3.5%), any attempt by the Fed to bring inflation down toward its 2% target has caused a recession. Thus, a hard landing is much more likely than a soft landing, both in the US and across most other advanced economies. Sticky Stagflation In addition to the short-term factors, negative supply shocks and demand factors in the medium term will cause inflation to persist. On the supply side, I count eleven negative supply shocks that will reduce potential growth and increase the costs of production. Among these is the backlash against hyper-globalization, which has been gaining momentum and creating opportunities for populist, nativist, and protectionist politicians, and growing public anger over stark income and wealth inequalities, which is leading to more policies to support workers and the “left behind.” However well-intentioned, such measures will contribute to a dangerous wage-price spiral. Other sources of persistent inflation include rising protectionism (from both the left and the right), which has restricted trade, impeded the movement of capital, and heightened political resistance to immigration, which in turn has put additional upward pressure on wages. National-security and strategic considerations have further restricted flows of technology, data, and talent, and new labor and environmental standards, as important as they may be, are hampering both trade and new construction. This balkanization of the global economy is deeply stagflationary, and it is coinciding with demographic aging, not just in developed countries but also in large emerging economies such as China. Because young people tend to produce and save more, whereas older people spend down their savings and require many more expensive services in health care and other sectors, this trend, too, will lead to higher prices and slower growth. Today’s geopolitical turmoil further complicates matters. The disruptions to trade and the spike in commodity prices following Russia’s invasion were not just a one-off phenomenon. The same threats to harvests and food shipments that arose in 2022 may well persist in 2023. Moreover, if China does finally end its zero-COVID policy and begin to restart its economy, a surge in demand for many commodities will add to the global inflationary pressures. There is also no end in sight for Sino-Western decoupling, which is accelerating across all dimensions of trade (goods, services, capital, labor, technology, data, and information). And, of course, Iran, North Korea, and other strategic rivals to the West could soon contribute in their own ways to the global havoc. Now that the US dollar has been fully weaponized for strategic and national-security purposes, its position as the main global reserve currency could eventually begin to decline, and a weaker dollar would of course add to inflationary pressures in the US. More broadly, a frictionless world trading system requires a frictionless financial system. But sweeping primary and secondary sanctions have thrown sand in what was once a well-oiled machine, massively increasing the transaction costs of trade. On top of it all, climate change, too, will create persistent stagflationary pressures. Droughts, heat waves, hurricanes, and other disasters are increasingly disrupting economic activity and threatening harvests (thus driving up food prices). At the same time, demands for decarbonization have led to underinvestment in fossil-fuel capacity before investment in renewables has reached the point where they can make up the difference. Today’s large energy-price spikes were inevitable. The increased likelihood of future pandemics also represents a persistent source of stagflation, especially considering how little has been done to prevent or prepare for the next one. The next contagious outbreak will lend further momentum to protectionist policies as countries rush to close borders and hoard critical supplies of food, medicines, and other essential goods. Finally, cyberwarfare remains an underappreciated threat to economic activity and even public safety. Firms and governments will either face more stagflationary disruptions to production, or they will have to spend a fortune on cybersecurity. Either way, costs will rise. The Worst of All Possible Economies When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades. Low debt ratios spared us from that outcome in the 1970s. And though we certainly had debt crises following the 2008 crash – the result of excessive household, bank, and government debt – we also had deflation. It was a demand shock and a credit crunch that could be met with massive monetary, fiscal, and credit easing. Today, we are experiencing the worst elements of both the 1970s and 2008. Multiple, persistent negative supply shocks have coincided with debt ratios that are even higher than they were during the global financial crisis. These inflationary pressures are forcing central banks to tighten monetary policy even though we are heading into a recession. That makes the current situation fundamentally different from both the global financial crisis and the COVID-19 crisis. Everyone should be preparing for what may come to be remembered as the Great Stagflationary Debt Crisis. While central banks have been at pains to sound more hawkish, we should be skeptical of their professed willingness to fight inflation at any cost. Once they find themselves in a debt trap, they will have to blink. With debt ratios so high, fighting inflation will cause an economic and financial crash that will be deemed politically unacceptable. Major central banks will feel as though they have no choice but to backpedal, and inflation, the debasement of fiat currencies, boom-bust cycles, and financial crises will become even more severe and frequent. The inevitability of central banks wimping out was recently on display in the United Kingdom. Faced with the market reaction to the Truss government’s reckless fiscal stimulus, the BOE had to launch an emergency quantitative-easing (QE) program to buy up government bonds. That sad episode confirmed that in the UK, as in many other countries, monetary policy is increasingly subject to fiscal capture. Recall that a similar turnaround occurred in 2019, when the Fed, after previously signaling continued rate hikes and quantitative-tightening, stopped its QT program and started pursuing a mix of backdoor QE and policy-rate cuts at the first sign of mild financial pressures and a growth slowdown. Central banks will talk tough; but, in a world of excessive debt and risks of an economic and financial crash, there is good reason to doubt their willingness to do “whatever it takes” to return inflation to its target rate. With governments unable to reduce high debts and deficits by spending less or raising revenues, those that can borrow in their own currency will increasingly resort to the “inflation tax”: relying on unexpected price growth to wipe out long-term nominal liabilities at fixed interest rates. How will financial markets and prices of equities and bonds perform in the face of rising inflation and the return of stagflation? It is likely that, as in the stagflation of the 1970s, both components of any traditional asset portfolio will suffer, potentially incurring massive losses. Inflation is bad for bond portfolios, which will take losses as yields increase and prices fall, as well as for equities, whose valuations are hurt by rising interest rates. For the first time in decades, a 60/40 portfolio of equities and bonds suffered massive losses in 2022, because bond yields have surged while equities have gone into a bear market. By 1982, at the peak of the stagflation decade, the average S&P 500 firm’s price-to-earnings ratio was down to eight; today, it is closer to 20, which suggests that the bear market could end up being even more protracted and severe. Investors will need to find assets to hedge against inflation, political and geopolitical risks, and environmental damage: these include short-term government bonds and inflation-indexed bonds, gold and other precious metals, and real estate that is resilient to environmental damage. The Moment of Truth In any case, these megathreats will further contribute to rising income and wealth inequality, which has already been putting severe pressure on liberal democracies (as those left behind revolt against elites), and fueling the rise of radical and aggressive populist regimes. One can find right-wing manifestations of this trend in Russia, Turkey, Hungary, Italy, Sweden, the US (under Donald Trump), post-Brexit Britain, and many other countries; and left-wing manifestations in Argentina, Venezuela, Peru, Mexico, Colombia, Chile, and now Brazil (which has just replaced a right-wing populist with a left-wing one). And, of course, Xi’s authoritarian stranglehold has given the lie to the old idea that Western engagement with a fast-growing China would ineluctably lead that country to open itself up even more to markets and, eventually, to democratic processes. Under Xi, China shows every sign of becoming more closed off, and more aggressive on geopolitical, security, and economic matters. How did it come to this? Part of the problem is that we have long had our heads stuck in the sand. Now, we need to make up for lost time. Without decisive action, we will be heading into a period that is less like the four decades after WWII than like the three decades between 1914 and 1945. That period gave us World War I; the Spanish flu pandemic; the 1929 Wall Street crash; the Great Depression; massive trade and currency wars; inflation, hyperinflation, and deflation; financial and debt crises, leading to massive meltdowns and defaults; and the rise of authoritarian militarist regimes in Italy, Germany, Japan, Spain, and elsewhere, culminating in WWII and the Holocaust. In this new world, the relative peace, prosperity, and rising global welfare that we have taken for granted will be gone; most of it already is. If we don’t stop the multi-track slow-motion train wreck that is threatening the global economy and our planet at large, we will be lucky to have only a repeat of the stagflationary 1970s. Far more likely is an echo of the 1930s and the 1940s, only now with all the massive disruptions from climate change added to the mix. Avoiding a dystopian scenario will not be easy. While there are potential solutions to each megathreat, most are costly in the short run and will deliver benefits only over the long run. Many also require technological innovations that are not yet available or in place, starting with those needed to halt or reverse climate change. Complicating matters further, today’s megathreats are interconnected, and therefore best addressed in a systematic and coherent fashion. Domestic leadership, in both the private and public sector, and international cooperation among great powers is necessary to prevent the coming Apocalypse. Yet there are many domestic and international obstacles standing in the way of policies that would allow for a less dystopian (though still contested and conflictual) future. Thus, while a less bleak scenario is obviously desirable, a clear-headed analysis indicates that dystopia is much more likely than a happier outcome. The years and decades ahead will be marked by a stagflationary debt crisis and related megathreats – war, pandemics, climate change, disruptive AI, and deglobalization – all of which will be bad for jobs, economies, markets, peace, and prosperity.
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  • Positive Thinking Hack

    We all know that positive thinking is better than negative thinking, but switching negative thoughts to positive thoughts is not always easy. How can we actually do this in real life? Here's one tip:

    The next time you notice yourself thinking, "What if I fail?" or "What if things don't go as planned?" Give yourself at least as much time to consider, "What if I succeed?" or "What if everything goes exactly as I want?"

    #Manifestation #PositiveThinking #SoMee #LawOfAttraction #LikeAttractsLike

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    Photo by Brett Sayles: https://www.pexels.com/photo/grayscale-photo-of-man-thinking-in-front-of-analog-wall-clock-1194196/
    Positive Thinking Hack We all know that positive thinking is better than negative thinking, but switching negative thoughts to positive thoughts is not always easy. How can we actually do this in real life? Here's one tip: The next time you notice yourself thinking, "What if I fail?" or "What if things don't go as planned?" Give yourself at least as much time to consider, "What if I succeed?" or "What if everything goes exactly as I want?" #Manifestation #PositiveThinking #SoMee #LawOfAttraction #LikeAttractsLike ---------- Photo by Brett Sayles: https://www.pexels.com/photo/grayscale-photo-of-man-thinking-in-front-of-analog-wall-clock-1194196/
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