Das Zeitenwende (Act II): Fail To Prepare, For A “Polycrisis” In 2023, Prepare For Gotterdammerung In 2024
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” (Thomas Jefferson)
Summary:
· Wartime POTUS just had a Clearly Thermonuclear Credence Revival.
· Fed US productivity destruction is up circa 80% year-on-year.
· Central bankers are not pacifists, or ESG activists, they are at war with high energy prices.
· “Saddam Putin” is indirectly exporting global deflation via third parties.
· India has arbitraged “Saddam Putin” and those nations on the global moral high ground.
· US Friend-Shore/Friend-Schmore means more Stagflation.
· More Stagflation means that the Zeitenwende is the H1/2023 Eurozone “Polycrisis”.
· Is it a “Polycrisis”? Is it a Zeitenwende? No, it’s a Goose-Steppin Putsch!
· Some EU nations are dissatisfied with Franco-German leadership.
· Ungovernable Britons have an ungovernable government pending a no-confidence vote.
· For the “Record”, the Bank of England is the biggest fiscal drag on the UK Economy.
· Off the record, the Bank of England enabled the greatest central bank robbery of the last century.
· Off the record, the greatest central bank robbery of the last century will enable the “Friend-Shoring” of the UK into the 51st State of the United States of America.
· Global central banks will induce the global “Polycrisis” by taking up their default position of lagging, the most important leading economic indicator, in this case, economic growth.
· If one assumes that the inflation problem is a supply-side issue, the Fed is making this problem worse.
· Behind great US political campaign financing lies a crime.
· The 11/30 attempt to frame FTX-gate, as youthful horny ineptitude, rather than criminal fraud, has failed.