It is always worth a reminder when reviewing anything from Blackrock, that the institutional investment firm has strong ties to almost every sphere of White House policy.
Today Blackrock is warning of severe economic conditions looming, the unspoken origin traces to the collective western economic shift in energy policy, aka “Build Back Better.”
As noted in the Blackrock warning, under the auspices of inflation control, central banks can try and shrink economic activity – but they are limited. Organically, economies will free fall once the full weight of BBB energy policy accumulates.
(Business Insider) – […] A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock.
The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability — and the new regime of increased unpredictability is here to stay, according to the world’s biggest asset manager.
That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook.
“Recession is foretold as central banks race to try to tame inflation. It’s the opposite of past recessions,” they said. “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don’t yet reflect the damage ahead.” (read more)
This type of macroeconomic prediction should not come as a surprise to most CTH readers, because we have been outlining the natural conclusion of consequence.
Once the decision was collectively made to shrink the use of oil, coal and natural gas for energy development, the subsequent inflationary impact would lead to a need to shrink economic activity. Raising interest rates to shrink demand does make the economy contract; however, the energy driven supply side inflation continues.
Nothing can stop supply side inflation, except a massive decline in energy use.
A severe reduction in energy use, similar in scale to the energy use reduction when pandemic lockdowns were in full effect, can only lead to the same overall economic conditions as present within the lockdown. Which is to say, almost no economic activity.
Nothing can stop supply side inflation, except a massive decline in energy use.
Wrong.
The answer is to open up the pipelines and revert to fossil fuels.
?
That is not what the cabal has in mind.
Thanks for pointing out the obvious. Does “it’s all by design” ring a bell?
Its too late. The debt and monopoly money has run its course round the world. 15 years ago 4 million Bolivars in Venezuela was worth a million dollars, today it buys you a cup of coffee. Look at Zimbabwe, Russia. Weimar . Amer has government debt not of 32 trillion, but more like 100 trillion due to social security and medicare, and that doesn’t account for over 65 trillion in private debt. When the crash comes its going to be great, why do you think Bill Gates is buying land? And with the crash comes either revolution or civil war, personally I prepared. And all that diversity is going to prove how much strength it contributes. The bloodbath will be huge.
Because they aren’t building back anything better. They’re building it for their own enrichment, and no one else will prosper from what’s being built. Less electricity availability at a much higher fee isn’t better. It’s a huge lie and now people will die if they continue on this path to death and destruction. But don’t worry if they fail they can just pull us all down with them with irradiated tidal waves hitting the biggest population centers on the east and west coasts. Then the CCP can occupy flyover country to feed themselves with. Oh, and too late reversing any of this. You won’t be voting your way back out. Then the EU will become the vassal states of the Russian Federation. Not like they’ll fight another war ever again. They don’t even have the industrial capacity to build tanks anymore.
“they” are tearing down and building nothing.
The future will look like Ready Player One.
‘Global energy shift’ must be the new name for people freezing to death, starving to death, high inflation and the inability to travel unless you are extremely rich. So glad they have a name for it now.
I try to explain what all this will lead to to my friends and most look at me like I have two heads. I guess most have to learn the hard way.
As someone once said, ignorance is bliss.
About 3 years ago, i had never heard of Klaus Schwab. I’d sleep better if I still didn’t know about him and the WEF.
I’ve had pretty good life, but I’ve got 2 teens who shouldn’t have to live in a shithole world, like these evil bastards want for us.
I call it “hungry and shivering in a dark cave”.
Hey
They act like my foot’s asleep
Even in areas that use hydroelectric power, the pinch will still be overbearing. When we relocated out to the rural area quite a while ago we had to learn a new culture. People were far more self sufficient and realistic. Thought it was strange when I heard neighbors meeting to discuss defending their property and mutual defense of each other. Now with what’s coming can’t imagine being anywhere else
I live in a rural area, homes are built on 1 acre or more every home owner carries a weapon you have to protect yourself and keep a watchful eye out for your neighbor.
Keep a watchful eye out FOR your neighbor? or WITH your neighbor. Big difference.
All done on purpose to usher in the “reset”, ie total control.
This phenomenon is simply another outcome of our Supreme Court’s “Citizens United” decision.
(You don’t think So? It seems rather obvious to me..)
We’ll take everything you own …
So you’ll own nothing …
And you’ll be happy …
Or else.
Not mentioned are massive job losses and cutbacks.
In listening to business pundits, so called experts, they mention the potential/probably slowdown in the economy and say the Fed will need to keep on going until savings balances go down and unemployment rises. There is no compassion or empathy expressed for those who will be hurt by those results.
It is ultimately American workers and their families who will be the ones suffering from this “necessary” economic policy.
Sundance’s analogy to the economic destruction that happened during the lockdowns should be proclaimed far and wide to inform the still ignorant and/or apathetic masses that it is the BBB policies emanating from the globalists that are the cause of the suffering coming soon to your city, your neighborhood and your family (if your family is not a member of the globalist club).
I for one can’t wait. Until people that vote for the destruction of this country, are affected by said destructive policies, nothing will change. It’s not gonna be easy, but the strong and resilient will survive.
That’s assuming the election system isn’t being gamed.
If the US started pumping oil for US (North American) needs, the global economic issues should magically disappear. But that’s too difficult for the politicians and media class to comprehend; or are they both lying?
The reason that Obama had such mild growth during his term was because he got out of the way of our energy companies. They saved his a$$ as our money went to Solyndra. We should have had a booming economy but his policies held it down.
As much as i hate blackrock, they aren’t wrong here.
Whatever happened to the “Derivatives” that were supposed to crash the world economy?
“The ROOT CAUSE of modern western inflation is the intentional shortage of traditional energy resources (coal, oil, gas), which is driving up the price of the everything attached to the use of energy, everything. It is a supply side causation with policymakers trying to forcibly shrink energy demand. Quit making excuses in any other direction.”
Thanks for the clarity, Sundance!
Oil is down to $71 ppb. It ain’t all energy.
Printing $8T worth of new money in the last few years and dumping it into the economy might have a lot to do with it.
Wait until the petro dollars start coming home.
Sounds ominous. Time to get out of fiat currency and investments and into hard assets.
How much of the public’s wealth does Blackrock hold and manage? I’ll bet a lot. Make different choices.
Newsflash: ESG is going to cause the recession. Higher priced unreliable energy, the woke corporations insulting their customers. Disney is destroying itself.
Ask yourself why Blackrock is putting this out. Blackrock only cares about Blackrock. I thought I read somewhere that Blackrock is heavy in commercial real estate. Maybe Blackrock is just putting out a bogus article to scare the Fed into pivoting to lower interest rates.
I know I do not trust Blackrock.