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THIS WEEK’S EDITORIAL
10 MILLION DYING IN CHINA: China has a population of approximately 1.4 billion people. That is 1,400 million. Every year, they have about 10 million deaths – Shock horror. Don’t tell the politicians running Western nations or our mainstream media. If they learn that 10 million Chinese are dying and they think there is a vote to be won, they will immediately ban all imported products and tourist arrivals from China because of the “threat” of imminent death. After all, that many deaths must surely indicate some serious public health risk?
Excuse BOOM’s cynicism, but this is the logic being applied in previously sane nations such as the United States, the UK and Australia. Yes, the Empire of Lies is worried that the data concerning deaths from Covid coming out of China is way too low to generate a sufficient “threat” narrative and panic response.
Thus, they are accusing China of telling lies about the death numbers, obfuscating the truth. Using that invented narrative; they have decided to change their national arrivals policies based upon that invented narrative and not upon any actual valid data. This is the Pot calling the Kettle black.
“We think you tell more lies than us” (!) “How dare you” (!) — Hardly a solid foundation for setting national policies. This is yet another example of why it is important to never allow politicians anywhere near medical matters, especially those which involve viruses or so-called “vaccines” that don’t prevent transmission.
US BONDS SURGING, STOCKS TO FOLLOW: BOOM has been expecting a consolidation of support in the US stock and bond markets. Just 2 weeks ago, in the Christmas Day editorial, BOOM wrote — “For the US equities markets to run higher from here, they must find support between now and New Year’s Day or very early in 2023. BOOM is expecting that to happen. However, expectation must be confirmed by price action. Price performance of equities and bonds immediately after the 1st January will be critical for BOOM readers to watch.”
BOOM was the only analyst on the planet who predicted the bottom of the US asset markets in October. That is a fine performance, but one cannot rest on one’s laurels. Price action must confirm expectations.
Last Friday in New York and Chicago, Bond prices markedly surged upwards on improved optimism that the Fed may be close to its peak of monetary tightening. Wages growth data was weak and so was services data – both indicating that the economy is, indeed, slowing. The Bond markets were especially noteworthy. Prices surged across all bond categories. Junk bonds, Municipal Bonds, Investment Grade corporate bonds, Inflation Protected bonds (TIPS) and Sovereign Treasury bonds all rose strongly in price during Friday’s trading session. The major stock indices all showed strength as well. The buyers seem to be coming back and the sellers appear to be exhausted.
Of course, these are only short term signals at present but BOOM is quietly confident that his New Year message of optimism to readers is well founded. Further positive price action from buyers is required throughout January to confirm the defeat of sellers. Watch closely but now confidently.
US COMMODITY AND ENERGY PRICES FALLING: Commodity prices continued to weaken in the United States as expected last week. These price falls are further evidence of the US economy weakening due to falls in demand. Lower commodity prices are therefore (paradoxically) indicators of future strength in the stock and bond markets.
- West Texas Light Crude fell 8% over the week.
- Natural gas fell 17% — a staggering fall.
- Gasoline fell 9.4%
- Brent crude oil fell 8.6%
- Sugar fell 5.4%
- Wheat fell 6.12%
- Soybeans fell 2.07%
- Corn fell 3.6%
- Livestock fell 2.7%
- Lumber fell 3.4% now one quarter the price in May 21, 18 mths ago.
- Two major commodities rose in price during the week. Copper rose by 2.6% while Gold rose by 2.4% but there was no enthusiasm for Silver which was flat on the week.
POLAND UNHAPPY WITH GERMANY AND UKRAINE: In regard to the Ukraine war, there were two surprising developments last week. The leaders of Poland were rebuffed brusquely in a single sentence by Germany in response to their efforts in seeking reparations payments for the damage done by the Nazis in World War Two.
Poland sees this as a major insult from Germany. This festering sore will not go away. This conflict will weaken NATO accordingly and disrupt the European Union. As a result, anti-Russia sentiment may weaken inside Poland. After all, the USSR came to their rescue in 1945.
The other development of note also concerns Poland. The Polish Prime Minister, Mateusz Morawiecki, expressed strong anti-Nazi views in regard to the current government of Ukraine. Again, this is all about what happened in Poland during World War 2.
At a Press conference, he said that “There can be “no nuances” when it comes to the glorification of WWII Nazi collaborator Stepan Bandera in Ukraine”. He went on to say that Poland “would not show any leniency to those who do not want to recognize terrible crimes committed by Ukrainian nationalists against Poles during WW2”. Morawiecki stated strongly “There can be no nuance here. There will be no leniency for those who refuse to admit that the “terrible genocide” Poles suffered at the hands of the Ukrainian nationalists during WWII was “something unimaginable“.
POLAND VERSUS UKRAINE: Between 1942 and 1945, members of the Ukrainian Insurgent Army (UPA) reportedly (Source Wikipedia) hacked 100,000 Polish victims to death and drowned women, children and the elderly in wells in the Volhynia region of what is now north-west Ukraine.
The Volhynia region is South of Belarus and East of Poland. It is about 20% of the land mass of Western Ukraine. Within the territory of Volhynia is located a region called Little Polisie (Little Poland). At one time, all of Volhynia was part of the Pale of Settlement designated by Imperial Russia on its south western border.
In 1569, Volhynia was organized as a province of the Polish–Lithuanian Commonwealth. During this period many Poles and Jews settled in the area. The Roman and Greek Catholic churches became established in the province. In 1795, Volhynia was annexed as the Volhynian Governorate of the then Russian Empire. It covered an area of 71,852.7 square kilometers. The Soviet Union annexed Volhynia to Ukraine after the end of World War II.
To understand North Western Ukraine, you must understand Polish history in Volhynia and the Kingdom of Galicia as well. It existed from 1199 to 1349, predominantly located in modern-day Ukraine but with parts in Belarus, Poland, Moldova, and Lithuania.
And to understand South Western Ukraine, you need to also know about Transnistria.
THE CURIOUS HISTORY OF TRANSNISTRIA: Transnistria is an unrecognized breakaway state that is internationally recognized as a part of Moldova. However, it is also an unrecognized, independent Presidential Republic with its own government, parliament, military, police, postal system, currency, and vehicle registration. Its authorities have adopted a constitution, a flag, a national anthem, and coat of arms. Transnistria controls most of the narrow strip of land between the Dniester river and the Moldovan–Ukrainian border. It is officially designated by the Republic of Moldova as the “Administrative-Territorial Units of the Left Bank of the Dniester”.
A three-party Joint Control Commission (Russia, Moldova, Transnistria) supervises the security arrangements in the demilitarized zone, comprising 20 localities on both sides of the river. The territory’s political status remains unresolved.
Most Transnistrians have Moldovan citizenship, but many also have Russian, Romanian, or Ukrainian citizenship. The main ethnic groups are Russians, Moldovans/Romanians, and Ukrainians.
A cease-fire agreement in 1992 between Moldova and Transnistria established a Russian peace-keeper presence in Transnistria and a 1,500-member Russian military contingent is still present. The Russian army has had a military base and a large ammunition dump there for the last 30 years.
Believe it or not, Transnistria has its own central bank, the Transnistrian Republican Bank, which issues its national currency, the Transnistrian rubla.
FALLING CPI INFLATION: German inflation data came in lower than expected last week. In the UK, the BRC shop price index showed a slight slowing. However, there was a more marked decline in non-food prices. UK durable goods prices have had the most rapid disinflation since 2010 as demand has weakened. Agricultural prices in the UK have also been falling in recent months.
All of this is to be expected. The UK and EU economies simply cannot grow wages sufficient to fuel persistent CPI inflation in the situation they find themselves in. It is very similar to the US where wages growth is stagnant. Weakening US, UK and EU economies are now past the peak of CPI inflation. Their respective central banks must now sit on their hands and do nothing for a few months. More interest rate rises should be off the table.
Friday’s data for average hourly earnings for all employees on the US private non-farm payrolls rose by only 0.3% in December, following a downward revision to a 0.4% gain in the prior month. This was the smallest growth in average hourly earnings in four months. In December, average hourly earnings of private-sector production and non-supervisory employees rose by only 0.2%.
CHINA: On 30th October, BOOM’s firm editorial advice to China was “to abandon all Zero Covid policies immediately and to again encourage wealth creation for all of its citizens. It can limit excessive wealth through taxation but to discourage everyone is not good policy. It must abandon all connections to the World Economic Forum and its anti-human ambitions. The injectable “vaccines” that cannot work against respiratory viruses and are promoted by the World Economic Forum must be abandoned. Klaus Schwab and his guru, Yuval Harari, must be denounced. This is the pathway forward to a healthy and wealthy China. Economic productivity will be restored.”
Since then, China has abandoned its “zero-covid” policies and it has begun to encourage wealth creation again. Its break away from the World Economic Forum must occur next.
In regard to wealth creation, China has now again begun incentivising the ownership of homes. According to a Bloomberg Report last week, “China is planning to relax restrictions on developer borrowing, dialing back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history.“
Also according to the Bloomberg report, “other recent measures aimed at boosting home ownership include:
- Lower mortgage rates for first-home buyers if newly constructed house prices drop for three consecutive months
- A nationwide cap on real estate commissions to boost demand
- Allowing private equity funds to raise money for residential property developments
- Pledging 200 billion yuan ($29 billion) in special loans to ensure stalled housing projects are delivered
- A 16-point plan unveiled in November that ranged from addressing the liquidity crisis to loosening down-payment requirements for home buyers”
In response to these changes in policy settings, the Shanghai and Hong Kong stock markets are showing strength since early November, rising steadily. Confidence has returned.
BOOM’s advice from 30th October has clearly been acted upon by the Chinese government and they have lit a positive flame under the Chinese economy. They have abandoned the ill-informed zero-covid policies and restarted the quest for home ownership.
But the policy re-alignment is not yet complete. China must now abandon the World Economic Forum (WEF) and denounce it publicly. Why? Because the people of China are hard-working and ambitious. Their Yang energy is a positive force which must be encouraged for the economy to do well.
The Transhumanism of Klaus Schwab and Yuval Harari is a deeply negative life force, destructive in the long run to all human endeavours. Humans are not machines and must never be regarded as machines. BOOM expects that China will soon show great leadership to the world in moving away from the negative influences of the WEF. Many other nations will follow. The dignity of the Chinese people and their work to create a better future are at stake here. Turning away from the WEF will be a decisive, historical event that will strengthen China, its economy and its place in global Geopolitical leadership.
In economics, things work until they don’t. Until next week. Make your own conclusions, do your own research. BOOM does not offer investment advice.
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BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY: LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans). https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how global banking systems really work.
AND Watch for 4 minutes, this Bank of England explanation: Money is essential to the workings of a modern economy, but its nature has varied substantially over time. This video describes what money is today.
Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models. EMAIL: gerry{at}boomfinanceandeconomics.com
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It’s all about the 3 E’s. Energy, Economy, Environment (thanks Chris Martenson at Peak Prosperity).
The crazed bastards at the WEF have set western govts around the world on a mission to decrease energy expenditure to save the environment (it’s a climate change farce).
Still, it’s happening and the economy will continually contract, sending over priced equities- down.
This is a long term event.
We’ll be living like the Flintstones….”yaba-daba-do”.
Cheers, Peter
Well, if Barney Rubble is anything to go by – life’s a ball! 🙂
It’s quite impossible for a nation of 1.4 billion to have only 10 million deaths/yr…That would imply an average life span of 140 years…China must have close to 20 million deaths/yr, or the population estimate is wildly off…
Not only that the UN population monitor puts china in a decline and future collapse because of their one child policy for so many years. Most nations are in decline population wise, most, but the ones that aren’t are usually muslim. an oddity isn’t it.
Muslims have larger families? The top 20 pop. growth countries are all in Africa:
https://www.statista.com/statistics/264687/countries-with-the-highest-population-growth-rate/
Larger families why? Because they don’t buy the birth control have sex with everyone mantra pumped by the west. That and there are plenty of goats and small boys too.
Its also part of the strategy of taking over a country from the inside out. Flood the host country, have as many anchor babies as possible, overwhelm the social services of the country and get your people elected from the local on up, over time. They’ve stated this openly many times.
I looked again for the listing of nations that showed their respective populations and whether growing or in decline. The whole site has changed as has all the messaging. Things like gender equality, decolonization, climate shit is now prominent which tells me much of the old data has likely been scrubbed too.
But the little thats there confirms what you say.
Good guess but the numbers belie your thesis:
https://www.statista.com/statistics/1098319/china-number-of-deaths/
That’s around 0.7% of the pop. each year. In US it’s 1% and in UK it’s 0.9%. It might be that China has a higher percentage of younger people or they are healthier? In Japan it’s 1.15% and we know their population is much older.
Pyrrhus,
The ones dying now are, say, 75+ years old, on average. The population of China in 1945 was only 525 million. 10 million deaths doesn’t imply a 140 year lifespan. There are about 3 million deaths/year in the US.
Jeremy Hunt is not your friend.
http://www.bitchute.com/video/eEQk9EznCZNy/
OOPS: “Channel Restricted. The parent channel of this video is unavailable at your location due to the following restrictions:
Contains Incitement to Hatred?
Peter-The video is a British woman who goes into detail about JH and the NG191 plan to off UK elderly and disabled to the tune of 1682 per day . It’s called a “pathway” you know, I call it murder. I warned you about this some time back, and eventually Peter……you won’t have a choice.
At your age, keep the yacht stocked and ready to sail. Don’t make the mistake of thinking past connections will count, they won’t.
Thanks BL – I found this massive doc about it. I don’t go to NHS anyway as we are fortunate to have Gerry at BOOM in Brisbane. He advises us although we are very healthy anyway. I am indeed ready to scoot my friend and I thank you for your care and concern.
It’s all BS anyway: https://files.magicapp.org/guideline/4cf7e347-49ba-4ff5-bec2-96bd76d7f5c2/files/2022-21-06_Remdesivir_update_2022_evidence_review_v9_2__r466530.pdf
AP- Notice they will own the 600/almost 700 adverse effects with Remdesivir, but refuse to make public the evidence for the Remdesivir vs Placebo vs Standard care. Wow……….
They don’t count on us reading these studies.
^^^^^^ That’s 600/ almost 700 per 1000.
Quite so BL. The Brit Deep State (Civil Service, MOD, SIS, Lords & Ladies et al) are inveterate liars and cunning in the extreme (personal experience – I have worked for them). They bury all important stuff in long tedious docs and file in the bowels of secret establishments, use military grade PsyOp, and keep Joe Public in the dark, unless as you say, we dig it out, which has been my lifelong mission.
Here’s an example, note Mod/Germans and Hancock/WEF on the right-hand side links and note the disclaimer (nothing to do with HMG!): “It does, however, represent the view of the Development, Concepts and Doctrine Centre (DCDC), a department within the UK MOD, and Bundeswehr Office for Defence Planning (BODP), a department within the German Federal Ministry of Defence.”
https://www.gov.uk/government/publications/human-augmentation-the-dawn-of-a-new-paradigm
They have to file their plans and trust we don’t read them. I have reams of files from 45 years of research.
The Poles are talking out both sides of their mouth. They were the biggest war hawks in Europe at the beginning of this conflict and have been the only ones putting large numbers of boots on the ground inside Ukraine. Estimates are they are getting back about a thousand full body bags a month, which is probably reducing their enthusiasm for war.
With economic conditions steadily weakening in Europe, I cannot see popular support for the war continuing much longer. Even the announced arms shipments are more symbolic than anything else and will make little difference in what has become an artillery battle with Russia having superior range and targeting. Ukraine is down to conscripting kids too young to shave to send to the front lines, which is becoming a meat grinder for any one unlucky enough to find themselves on the new eastern front. The west is becoming frustrated because the war has not even provided them with intelligence on Russia’s newest technology which they have wisely kept in reserve should NATO decide to become directly involved. The US and EU have neither the manufacturing base or the money to continue to support this war the way they did for the past year. Much of what has been used up already will take years to replace. With the US and Europe slipping into recession, their citizens are going to start really paying attention to the actions of their respective governments, and I don not think they re going to like what see.
Great assessment Jdog thank you. I agree – EU is pretty much dead. here’s a joke I am posting on Saturday (preview):
Britain’s conventional forces are minimal, and this news report offers typical government huff & puff: “Discussions have been taking place “for a few weeks” about delivering a number of the British Army’s Challenger 2 main battle tank to the Ukrainian armed forces, a Western source with knowledge of the conversations said.” What a joke – Britain only has 227 of these things anyway!
According to Google the British Army hasn’t bought significant numbers of heavy armoured vehicles in a generation. Financial issues and neglect at the political level are just two reasons because the NHS and welfare use up most of the money HMG doesn’t have.
Really? 2 tanks? So is UK going to supply the maintenance personnel and spare parts for both of these tanks? Tanks are extremely high maintenance. How about operators, or are they going to take a couple of months to train the operators? The US is supposed to supply 50 Bradley’s which gained the nickname exploding coffins due to their light armor and that they carry the ammo inside where is vulnerable to any shells or mines. The Germans are supposed to send a few personnel carriers too. That should make for a logistical nightmare with every vehicle needing different maintenance, parts, ammunition, and training. The Ukrainians must realize by now that they have gone down the rabbit hole of believing the promises of the US. That will end up very badly for them. News is they are losing badly at Bakhmut and that was their reinforced stronghold with gigantic underground salt mines. Ill advised wars are the downfall of every empire.
The only reason I have for believing what Jdog says is that MSNBC,CNN and CIA do not say it. They also say that Jdog is spreading Russian propaganda. Since the above mentioned agencies are known liars ,I must assume Jdog is truthful.
Jdog has the floor.
All so true Jdog, you have it one. You would have thought that our MoD had learned the lesson of the Tiger (68tons) – The Battle of the Bulge put the death knell on these useless monsters. http://www.alanhamby.com/technical.shtml
The Russian antitank missiles will make mincemeat of the Challenger 2 – they are obsolescent. 9M133 Kornet should do the job,
Thank you for posting the Richard Werner video.
My Dec2022 electric usage is slightly less than my Dec 2021 usage but my Dec2022 bill is 43% over my Dec 2021 bill; yet the government is saying inflation is about 10%? I was in a office goods retail store yesterday and the shelves were missing what I wanted but full of over priced stuff I didn’t want. Beef is sky high; forget it. Most people know FJB (D) is a senile commie Usurper, that the Republicans are 95% RINO NeoCons, most people oppose the Ukraine War and everyone is apprehensive about the US expanding the Ukraine war with Russia, and China going to war in Asia, and Iran going to war with Arabia, Turkey with somebody; a planned US economic crash like 2008 or 1929 to implement FedNow; more Famines, Plagues, and Natural Disasters; Blacks becoming more disruptive; the Feds eliminating cash and implementing the FedNow FedCoin Credit Card and QR individual codes to buy and sell in 2023/4 (ref Rev 13:17) and becoming the 1984 Big Brother Beast.
As ever mon ami – you have all in one place – in short – failure. Criminal Mafia now operating in plain sight:
https://greatmountainpublishing.com/2022/03/07/detailed-proof-of-the-breathtaking-graft-and-corruption-of-joe-biden/
Let’s see, the author says the USSR came to Poland’s rescue in 1945. That would be the year when the USSR invited the recognized Polish government in exile in England back to Poland, arrested them and either killed them outright or sent them to gulags. In addition the USSR killed religious, academic and Polish politicians. Some rescue.
No one even remembers the Kingdom of Galicia,.and it was around about as long as the US. Then it disappeared from the history books, the people who run things in the US should take note of that, because they act like things are going to continue like this forever, which is why they won’t.
Speaking of commodities, has anyone ever built a Joel Salatin chicken tractor? I am having a heck of a time finding corrugated aluminum siding in retail quantities.
Never heard of it, but it’s a great idea Ken, I can use this in UK. We are bedevilled by foxes, polecats and minks here in SW England; my neighbour lost his flock last year. (filed for future reference).
Poles have a deep hatred for Germans, Ukrainians, and Russians. Who don’t they hate? Weird country … overinflated egos … they think they can kick anybody’s ass, including Russia. Ya know … there’s a REASON for Polish jokes.
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Transnistria ….. unfortunate name cuz of all the tranny shit going on …. they should change their name to just Nistria. In either case, not 1 person in 10,000 in America would know where the fuck it is anyway. Interesting facts you provided.
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I’ve heard that Moldova is MORE corrupt than Ukraine. Really. Are Moldova citizens called Mulva-ites? (Seinfeld reference.)
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Recently read that German LNG storage reserves are 90% full. HTF is that possible??
Cherrio!
Cap’n Crunch!
HTF is that possible? _______Stucky
Because as I posted, the Russians had a backdoor method and kept supplying the Germans even as the media was talking shit and all the doom and gloom. It’s theater Stuck.
It really does not matter how much LNG Germany has, what really matters is that LNG is 4X more expensive than piped natural gas. LNG must be run through a liquification plant, loaded on and LNG tanker, shipped to its destination, offloaded to the destination LNG plant, and then run through a re-gassification before it can be used. Increasing the cost of gas 4X for most industries makes them unable to compete against industries that can access cheap pipped in gas. Without cheap gas for industries like pharmaceuticals and auto production Germany cannot compete. Chemical giant BASF alone uses more gas that Switzerland. They will have little choice but to shift production elsewhere taking jobs with them. Much of Germany which was thriving a couple of years ago may look like Detroit in the future.
Most people have no clue off what it takes to get product from here to there. Especially marine operations, its not a simple ship pulls up, loads and sails off. Its a contract with a ton of variables on both sides, to charter either the entire ship as in bulk carriers, or by piece as in container movements. And then there are all the logistics that need to be in place to actually move it.
In bulk, rail is cheaper, safer and haulage is greater than trucking. Shipping is cheaper, safer and greater haulage than rail. Pipeline are far superior to all other forms of delivery. Destroy the pipelines, because…
I figure the authoritarian Chinese system is the role model for the reset. just listen to Biden or Trudeau, they talk down to people and tell them how to live and have really dumb freedom killing ideas. I hear that gas stoves are now considered evil and need to go, while we continue to hear about electric shortages and grid issues.
Yes, it’s all crap Yahsure – Brandon has it right today on ZH. Do not comply. There will be plenty of black market gas stoves! If not, we’ll send you some. 🙂
What’s next, outside grills used by pee-ons?