Noted economist, Nouriel Roubini, warned about what he believes already began.
At an IMF meeting in Washington, the alarm was sounded about “NATO getting involved in the war between Russia and Ukraine and Iran and Israel being on a collision course,” he said.
And reading pre-scripted lines for him to recite, the fake Biden dubiously claimed that China will attack Taiwan.
“WW III already beg(an), certainly in Ukraine and cyberspace,” said Roubini.
US-dominated NATO has been at war on Russia since at least 2014.
Since February, their ruling regimes have been using Ukrainian Nazis and conscripts as cannon fodder foot soldiers.
The risk of things going nuclear by accident or design is ominously high.
At this time, there’s virtually no prospect of China attacking Taiwan except in self-defense if dominant US hardliners use the breakaway province for aggression in similar fashion to how the empire of lies uses Nazi-infested Ukraine against Russia.
Roubini believes that hegemon USA will focus on the Russian Federation before whatever hostilities it may intend to unleash against China and Iran.
Its policymakers also must also deal with soaring inflation, growing public anger and recession likely to be severe and protracted throughout the US/West and elsewhere.
The empire of lies and forever wars is also pressuring European regimes to cut ties with China.
Stagflation throughout the US/West is at a time when their member states are in decline politically, economically and financially.
The higher their central banks raise interest rates to fight deep-seated inflation, the greater the toll they’ll take on growing numbers of enterprises.
Having created the mess they’re trying to resolve, they’re “damned either way,” said Roubini.
Futilely fighting inflation by continued rate increases assures “a hard (economic) landing,” the same for financial markets.
If they “wimp out and blink,” inflation will keep rising.
The Bank of England already blinked.
Roubini expects the same from the Fed and ECB.
And the higher inflation goes, the costlier it is for public and private issuers of debt.
Because of out-of-control Fed money printing madness, what’s gone on for years, the US is so overly in debt that there’s risk of “total economic, financial and monetary collapse,” Roubini believes.
His outlook isn’t pretty.
US/Western regimes will be hard-pressed to deal with economic and financial crisis conditions, what’s likely to be deep-seated and protracted, perhaps more severe than any previous time in modern memory.
If global war accompanies hard times getting harder for most people — what Roubini believes already began — all bets are off.
A Final Comment
US Pentagon and CIA elements infest Ukraine.
According to the Pentagon press pool, US troops are operating on the ground in Ukraine, led by General Garrick Harmon.
Whether they’re monitoring US/NATO weapons and munitions deliveries ass reported misses the point.
Along with CIA elements, they’re orchestrating and directing war on Russia by the empire of lies, including target selection by Ukrainian foot soldiers.
Their presence is all about waging perpetual war on Russia, unrelated to providing security for Kiev.
According to the Kremlin, the “entire Western military machine” is at war on Russia.
Things are more perilous today than any previous time throughout the post-WW II period.
Everyone’s deeds are written down in the books which will be opened on Judgement Day.
“And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works” (Revelation 20:12).
The source of power for the Dollar Empire is the dollar as reserve currency with the military to see it stayed that way. There was an article at https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Reiterates-Commitment-To-China-Regardless-Of-US-Concerns.html titled “Saudi Arabia Reiterates Commitment To China, Regardless Of U.S. Concerns”
By Simon Watkins – Nov 01, 2022, 7:00 PM CDT
The petro-dollar is dying and high inflation will be a way of life as the inflation “we” exported comes home.