Robotic Bs Human

“Zionism is Not Judaism”, “Insane Megalomania”: The Zionist Cause Is a Dark Reversal of the Real Destiny of Israel — A True Story

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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.

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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

Robot Warrior NFT.

https://bit.ly/3QPA6j4

#robot #warrior #nft #gun #momentonft #momento #nftcollectibles #nftcollection #solcial

#Robots would undoubtedly take on a different dimension if weapons systems were added to them. Essentially, they would become land-based variants of the MQ-9 Predator Drone aircraft currently in use by the US military.

GM recently decided to pause Cruise robotaxi operations in 4 cities and then pause production altogether.  26 American labor organizations say that’s not enough....
https://www.activistpost.com/2023/11/26-labor-organizations-tell-u-s-dot-and-nhtsa-to-immediately-end-the-operation-of-autonomous-vehicles-on-american-roads.html

A man in South Korea was crushed to death by an industrial #robot which apparently failed to differentiate him from the boxes of produce it was handling, according to Yonhap news. #AI

Terrifying incidents and issues have been reported about all autonomous vehicles (AVs) – not just Cruise robotaxis.

Rubbery Clot Development Observations In C19 Unvaccinated Blood With Different Anti Oxidant Compounds - Comparison with Clifford Carnicoms CDB/Morgellons Historical Culture Work
Ana Maria Mihalcea, MD, PhD

Image: C19 unvaccinated blood from 2 different individuals. First 4 syringes contain Alpha lipoic Acid, Glutathione, Plaquex and Control sample. Second Set contain Methylene Blue and Glutathione and a Control Sample.

I had previously posted experiments with C19 unvaccinated blood and different compounds that could inhibit the production of the rubbery clot material that Clifford Carnicom and I have shown to be Cross Domain Bacteria ( CDB) or Morgellon’s like - a polymerized protein that creates the rubbery clots. My most successful clot inhibition was with EDTA and Vitamin C. I have written multiple substacks regarding this research of the rubbery clot formation:

Rubbery Clot Development In C19 Unvaccinated Individual With Previous Deep Vein Thrombosis and Massive Pulmonary Emboli - While On Eliquis, Nattokinase, Lumbrokinase and Serreptase

Correlation Of Severity Of Live Blood Contamination Seen On Darkfield Microscopy With Visible Clotting In C19 Unvaccinated Individual

C19 Unvaccinated Have Same Blood Clotting Problem As C19 Vaccinated - EDTA And Vitamin C Prevents Blood Clotting In C19 Unvaccinated

What Happens To A Human When There Is More Hydrogel, Nanotechnology And Synthetic Biology Then Blood? And A HAARP Warning BY Cathy O'Brien From 1990's - Is 4Hz Accelerating This Process?

Blood Clot Analysis From Living & Deceased Individuals Shows Consistent Findings: A Rubber Like Polymerized Protein - Microscopy Shows Filaments. Part 1 of 3 - Dr. Ana Mihalcea With Clifford Carnicom

Blood Clot Analysis From Living And Deceased Individuals Near Infrared Spectroscopy Shows Multiple Hydrogel Polymer Components - Part 2 of 3 - Dr. Ana Mihalcea With Clifford Carnicom

Blood Clot Analysis From Living And Deceased Individuals - Preliminary Chemical Solubility Testing - Part 3 of 3 - Dr. Ana Mihalcea With Clifford Carnicom

The original research by Clifford Carnicom has similar results. Vitamin C had a very strong inhibition of replication of the CDB/ Morgellons which we have correlated to the rubbery clot development in the studies outlined above. NAC was also effective with Glutathione having some effects compared to no treatment but being less effective than the other two. Here are Cliffords historical articles:

Growth Inhibition Achieved - Original article on Vitamin C, NAC, Glutathione testing

Morgellons : A Working Hypothesis – PART III POTENTIAL MITIGATING STRATEGIES (RESEARCH BASED)


Image: CDB cultures and inhibitory effects of Vitamin C, NAC, Glutathione by Carnicom Institute

In the first image above, I show blood drawn from two C19 unvaccinated individuals mixed with different compounds - ages 40’s and 50’s. The blood was left to sit overnight before the syringes were examined. Both patients have been on detoxification strategies. This is the first set of C19 unvaccinated control blood, a rubbery clot clearly developed. I want to reiterate how abnormal this is and absolutely catastrophic for the human species. If you count medical school, I have been in the medical field now for 30 years. I have never ever seen blood turn into rubber until this past year, when I started looking at this nanotechnology and synthetic biology phenomenon - after the C19 bioweapon roll out. I was just part of a court hearing and will be part of the upcoming trial as a witness. Is there someone that comprehends the catastrophic nature of this single finding in clinical practice? Someone who can look at this and via sheer logic understand the ramifications of what this means - that unvaccinated people are developing the same rubbery clots as the C19 injected due to shedding?


Image - courtesy Karen Kingston, FDA guidance on shedding

Still, most people ignore these findings and think they are safe, even though more and more people, including the unvaccinated are developing turbo cancers and are dying suddenly. I believe the reason for this development can be found in the blood, and if not mitigated or ignored, can have detrimental health effects.


Image: C19 Unvaccinated blood control shows yellow rubbery hydrogel development

In the video below you see the sample of 30 ml of C19 unvaccinated blood mixed with 1 cc Glutathione 200mg/ml concentration:

Here is Methylene Blue, a molecule used for anti aging purposes, a precursor for Hydroxychloroquine. I use Methylene Blue a lot due to its ability as a direct electron donor bypassing mitochondrial dysfunction and its capacity to increase oxygen delivery between 30-70 %. You can see that the hydrogel development was inhibited, while the blood clot part was still rubbery. Normally you should be able to break apart a clot with your hands and I am not able to do anything to this rubber.

This is C19 unvaccinated blood from a second person - this time mixed with Alpha Lipoic Acid 1 ml - Concentration 200mg/ ml. No inhibition of hydrogel seen.

Here is it mixed with Plaquex, a patented form of Phosphatidylcholine that reverses Atherosclerosis. While these molecules do not inhibit growth after blood is drawn, I still highly recommend them for other functions. Plaquex has been shown to work amazing in reversing oxidative stress affecting the cell membranes of red blood cells and appears to make them more resistant to the assault of the CBD/ microbots. I have shown this in previous live blood analysis.

This is the control sample without anything in it except C19 unvaccinated blood. Huge hydrogel rubbery clot developed that sticks to the syringe.

I tested Glutathione again, this is actually my third time and it does not inhibit the hydrogel/ CDB growth.

Summary:

I am still exploring mitigation strategies and test molecules that I have been using already for my detoxification protocol to help support the body. In my clinic, I have seen that oral supplements must be supported with iv therapy - if you take supplements my mouth only, even EDTA - it is simply not enough anymore. A maintenance with oral EDTA/ Minerals and regular IV therapy at this time of high contamination delivers best results. Everything and everyone is so contaminated, that the best strategy is to detox with EDTA and Vitamin C while using all the other supplements to enhance immune function. I still use Nattokinase, but you have seen in my article above, that does not prevent the hydrogel rubbery clots. The two individuals who’s blood I tested here were both on 20.000 Units of Nattokinase daily. I use Methylene Blue at a dose of 50mg to 100mg daily depending on the person - from compounding pharmacies if no contraindications exist. You can see from the blood results, that Methylene Blue is a significant contender in helping us against these rubbery clots.

I wanted to mention that persistence, determination and a fighting spirit is absolutely necessary to maintain your health. Many people do not even fight for their life, they just ignore the threat. Some people give up at first defeat, because it is too hard and inconvenient. What is still coming in illness in death will be unfathomable for most people’s comprehension. People do not want to hear that because it is too uncomfortable. I suggest you start fighting for your life and rearranging priorities. I have seen many people crushed who just wanted to keep ignoring shedding and partying on - until they got their very advanced cancer diagnosis or their blood clotting event. Its everywhere, in all age groups. And those cancers grow fast and furious. I have already had many unvaccinated patients die from shedding. I know because their cancer came after excessive exposure to vaccinated people. Open your eyes and see it. And then do what you can to save your own life and clean your own blood.

In our meeting with the attorney today we were discussing the timeline of getting a verdict for the main trial. It was estimated at a year.

I tell you, many people may not have a year with this in their blood and without mitigation strategies. That is not science fiction or fear mongering on my part, as much as my colleagues deny my findings. Look at the rubber clots and contemplate the potential outcome on a human of any age with this in their body. Despite the C19 bioweapon uptake going down, the blood contamination of people is going up, indicating persistent replication of synthetic biology and nanotechnology. I find this CATASTROPHIC in what it suggests for the future of humanity.

Decontaminating The Blood From Synthetic Biology Hydrogel With EDTA Chelation - Live Blood Documentation

THERE IS HOPE - EDTA CHELATION WORKS and What Really IS COVID???

Hope Wins: Before And After Intravenous EDTA Chelation + Vitamin C - Dark Field Live Blood Analysis - A Case Report


Med Five Patented EDTA

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.


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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.


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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.

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