90 days to world depression?

 ALMOST TOO LATE TO SALVAGE WORLD ECONOMY

WESTERN POLICY BASED ON HOPE RATHER THAN FACT

We watch in amazement as western leaders are stuck in their hope of the collapse of the Russian economy and an end to the Ukraine war. Yesterday, many major investment banks declared that their forecasts for the decline of the Russian economy has been recalibrated from a decline of 12.5% to now 3.5%. Russia has now announced that its sale of Russian grain will be calibrated in Rubles and expects that it will be a record harvest. Russia is the world's largest exporter of wheat. It will be painful for many western countries to have to pay for grain, oil and gas in rubles.

Western economies will likely be declining more than 3.5% by fall. Germany is opening its coal electric generation plants to stock up on natural gas supplies for home heating in the fall. We can expect a supply shortage of heating oil in the U.S. by fall. 

Henry Kissinger has made the statement that if a solution is not found by fall expect catastrophic conditions. 

In the U.S. the focus is likely to shift to domestic policies concerning the coming election. Abortion, White supremacy, Republican fascism and the environment will be the major issues of the in power party,  while economic doom and shortages for many will be only months away.

We see no effort to increase oil production, only jawboning to intimidate price reductions before the election. Policies that will likely result in shortages and not price reductions.

An unprecedented invasion of likely new dependents are entering the country from the unrestricted border. This will inevitably place a further strain on the social system for food, housing, medical care and education. 

We will soon be seeing stress placed on most of the pension systems as stock prices continue to decline and people will soon cut spending as they are going to feel and actually be much poorer.

This cycle began when Joe Biden and his cohorts decided we could phase out fossil fuels beginning now. This led to a decreasing oil supplies worldwide and increases in price. This made most of Europe even more dependent on Russian energy. At the same time is seems it was also decided to deal with the 8 year ongoing low level conflict in Ukraine. A solution for a peaceful resolution that would have made Ukraine the wealthiest country in Europe was rejected by those whose goal was the containment and destabilization of Russia. While many still believe we are on the right course, it could well be one of the dumbest political decisions in modern history. 

Besides  producing a strong possibility of a severe depression in the western world it has also facilitated an alternative economic system that may encompass half the worlds population. This new system is made up of a population that is younger and more vigorous, willing to sacrifice for a better and more prosperous future. It will be a formidable  competitor for resources in the future.