In Eurasia, the War of Economic Corridors Is in Full Swing

The War of Economic Corridors is now proceeding full speed ahead, with the game-changing first cargo flow of goods from Russia to India via the International North South Transportation Corridor (INSTC) already in effect.

Very few, both in the east and west, are aware of how this actually has long been in the making: the Russia-Iran-India agreement for implementing a shorter and cheaper Eurasian trade route via the Caspian Sea (compared to the Suez Canal), was first signed in 2000, in the pre-9/11 era.

The INSTC in full operational mode signals a powerful hallmark of Eurasian integration – alongside the Belt and Road Initiative (BRI), the Shanghai Cooperation Organization (SCO), the Eurasian Economic Union (EAEU), and last but not least, what I described as “Pipelineistan” two decades ago.

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Zero covid has inflicted devastating economic pain. Unemployment is surging

Zero covid has inflicted devastating economic pain. Unemployment is surging.
Migrant workers tell me they’re struggling to find work.
Countless small business can’t survive.
Victims of Henan bank runs tell me they may have lost entire family’s life savings @CNN @OutFrontCNN

Continue reading “Zero covid has inflicted devastating economic pain. Unemployment is surging”

‘The reality of Western leaders collective decision to radically transform Western Energy Policy, post-pandemic, is the origin of our current inflation crisis; and that admission must be avoided at all costs by the ideological pretenders’

(1) Check this out (I'm venting):

”With the economy clearly in excess demand, inflation high and broadening, … the Governing Council decided to front-load the path to higher interest rates,” the bank said.

https://www.reuters.com/markets/rates-bonds/bank-canada-surprises-with-100-bp-rate-hike-inflation-risks-gather-steam-2022-07-13/

(2) ”With the economy clearly in excess demand"… That's the view of inflation, and justification, from the Bank of Canada.

Economic demand is just too strong. The economy is just too great. So, we must increase interest rates.

Think about it.

(3) No western economy is suffering from too much demand. However, the central banks and monetary policy makers are all pretending demand is driving inflation in order to justify rate increases.

One big collective game of f**king pretending.

Continue reading “‘The reality of Western leaders collective decision to radically transform Western Energy Policy, post-pandemic, is the origin of our current inflation crisis; and that admission must be avoided at all costs by the ideological pretenders’”

Chinese bank runs getting worse as real estate investments sink

Anxiety over soured property loans is spreading in China

Chinese protesters demanding bank deposits tussle with security men

Bank runs are happening all over China. It’s important to note that the Chinese banking system represents 350% of Chinese GDP (on balance sheet) while the U.S. system is only 100%. One of the largest lending categories of Chinese banks is real estate…Chinese property

Concerns are growing over the intensifying risk of a full scale bank run in China, with mass protests held outside bank branches in China’s Henan Province throughout this weekend (July 9 & 10).

Asia Markets has verified video and images shared across Chinese social media platforms, including Weibo and WeChat, showing violent clashes between police and depositors who have been unable to withdraw funds.

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JAMES CORBETT — CENTRAL BANK DIGITAL CURRENCY (CBDC): A COUNTRY-BY-COUNTRY GUIDE

Way back in 2017 I created a country-by-country guide to the biometric ID control grid that was coming into view even then. In that editorial I noted that “it doesn’t take a Nostradamus to understand where this is all heading: From the cashless society and the biometric ID grid to the cashless biometric grid.”

Well, here we are. It’s 2022 and the merger of the cashless society and the biometric ID grid is nearing completion. In fact, the current iteration of this control grid agenda is even worse than predicted. Now known as Central Bank Digital Currency, or CBDC, this programmable digital money offers the banksters numerous options, including the ability to combine the cashless society with the biometric ID grid and even a social credit system. If and when CBDCs replace other payment methods, the banksters’ control over society will be unprecedented.

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Massive Implications, Saudi Arabia in Discussion to Join BRICS Coalition – The Outcome Would be Global Energy and Economic Cleaving

It is very curious timing in this article from Newsweek, containing massive geopolitical implications, using identified Saudi Arabia sources, would come in advance of Joe Biden’s visit to the Kingdom of Saudi Arabia.

Is this strategic geopolitical pressure from Saudi leader Mohamed Bin Salman (MbS) ahead of the meeting with Biden; or is this a genuine possibility that looms as likely?  If the former, then Joe Biden is being geopolitically slow roasted by Saudi Arabia for his previous disparagements and ideological hypocrisy in his visit.  If it is the latter, well, then the tectonic plates of international trade, banking and economics are about to shift directly under our American feet.

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Sunday Talks, World Bank President Discusses Global Solution to Inflation, Food Shortages – Western Government’s Need to Reverse Direction

World Bank President David Malpass appears on CBS with media propagandist Margaret Brennan, a woman of exceptionally low intelligence, to discuss the current state of global economics and the likely consequences.  I have been saying this for a year and I will repeat, the absence of food will change things.

Within the interview [Transcript Here] the status and solutions that Malpass outlines are accurate and factual, albeit couched in gentle terms acceptable to the globalists. As noted by Malpass, if a shift in messaging and actual policy for energy and finance does not take place, the outcome will be bad for food production and government stability.

The World Bank president accurately states increased production is urgently needed to avoid global shortages.  However, that increase in production is only possible if the leaders of the largest economies reverse their positions on energy development and finance.  The world needs oil and natural gas production to increase dramatically in order to stave off food shortages. Unfortunately, those pragmatic recommendations are falling on deaf political ears.  WATCH:

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Well-worth viewing and reading the commentary above. ABN