JPMorgan Chase just announced earnings this past Friday. Jamie Dimon, a person who gets daily reports on the movement of nearly $6tn in funds, took time to state that this is the most dangerous period in decades.
I fully agree.
The most dangerous thing in the world is… charisma, coupled with destructive ideologies.
Here are a few examples, lest we ever allow ourselves to forget, for our own sake, our legacy on this planet and for posterity: Pol Pot (Cambodia, 1976-1979, communist), Joseph Stalin (1922-1953, USSR, communist), Adolf Hitler (Germany, 1933-1945, Nazi), Mao Zedong (China, communist) – and I can name a dozen others.
The point I am making is that the norm is not modern-day miracle democracies, with rule of law, personal rights, freedom and prosperity… they are the exception, and if the developed world, with an emphasis on countries that are prosperous and thriving, don’t send an unmistakable message to the forces of evil (who have not evolved in their ideologies since the days of caves and Vikings), we are at risk of seeing a terrible regression.
The economic miracle we call free-market enterprise has brought the world so much. Close your eyes and think to yourself how this planet looked just 120 years ago, before electricity, before airplanes, before phones lines, railways, manufacturing centers, banking services, roads and sewer systems, ports and community life, and ask yourselves how important waking up in the morning is to you.
How valuable is it to be able to have this agreement between us all that we are striving for good and productivity?
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This is how inflation broke the back of the world in 2008, and we believe that Americans are again reaching the peak of what they’re able to cope with.
In stark contrast to 2008, they are not without steady income, which means that even though they’re complaining about higher gas, food and shelter prices, it is not looking promising for this to change in the near future.
We have to understand that the 40-year disinflation we experienced from 1982 to 2022 was because of the demographic explosion in California. This led to the tech boom, the urbanization of China’s workforce, which made goods and products cheap and plentiful, and the fall of the Soviet Union, which supplied the world with abundant energy.
These conditions have ceased to be.
Russia is no longer the fuel station of Europe, focusing on selling to China, India and others instead.
China is experiencing a demographic collapse, alongside a real estate catastrophe and the end of their economic model.
California is still king of tech, but is struggling to attract talent, which I believe it will overcome.
My point is that the world is entering a stage in which America is fighting to keep its supremacy over the regimes of pure insanity, led by China.
If you do not understand Chinese culture, research the life of Xi Jinping; learn about his life story and what the Chinese people are perfectly able to commit to each other.
Gold and oil will continue to rise, as long as destabilization isn’t stopped, by applying maximum pressure on those who tempt fate and question the importance of having the rule of law in the world.
Courtesy: Wikipedia (Tiananmen Square)
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