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This compilation of financial-related insights includes videos from Tech Revolution, John Williams, RJ Talks, and Steven Van Metre.
Tech Revolution shares news of the EU issuing a warning to the US of losing control on the global stage as the balance of economic power shifts toward Russian and China. John Williams reports on the start of business closures, stimulus, and restrictions. RJ Talks says loan delinquencies are rising across the board and this could be the harbinger of a hard landing recession. Steven Van Metre talks about the unexpected happening.
Tech Revolution
Sep 5, 2023
In an era of shifting geopolitical tides, a new narrative is emerging on the global stage. The balance of power is tilting as Russia and China step into the spotlight, rewriting the rules of international engagement.
Today, we delve into the seismic changes rippling across the geopolitical landscape, as the European Union sounds a warning call to the West. This warning echoes from the heart of Europe to the furthest reaches of the emerging world.
Amidst the hustle and bustle of economic activities and global trade, Russia and China are playing a strategic symphony that’s changing the very foundations of international relations. It’s not just about trade and currency anymore. These two nations are weaving ties across continents, creating a web of connections that challenges the established norms.
The world is at a crossroads, and the decisions made today will shape the destiny of nations for generations to come. With that said and done, let’s dive right in
As the pendulum of power swings, partnerships once considered steadfast are facing erosion. The West’s grip on alliances and relationships is loosening, while nations around the world are turning their gaze towards Moscow and Beijing.
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So, the heads over at the European Union’s influential lending arm are sounding the alarm bells. Why, you ask? Well, it seems like the West is in danger of losing the trust and faith of countries in the global south. You know, those countries are not always in the spotlight.
Werner Hoyer, who’s the President of the European Investment Bank, has been speaking up loud and clear. He’s been watching the recent BRICS summit in South Africa, where the leaders from Brazil, Russia, India, China, and South Africa gathered.
Russia and China’s influence has been observed over this bloc, as they hold power as one of the founding members of the organization.
Now, this wasn’t just any old get-together. It was all about these nations huddling up and strategizing their moves, making decisions that could potentially shift the balance of power on the international scene. They’re talking about taking their New Development Bank, the BRICS bank, to the next level.
They’re eyeing a big spot at the table of international lenders, potentially giving the established Western institutions a run for their money. This move is sending a clear message that they’re ready to reshape the game.
From boosting economic ties to discussing strategies for dealing with global challenges, you can bet that this summit was full of intense discussions, handshakes, and maybe even a bit of friendly banter.
With these major players coming together, it’s like watching a high-stakes chess match unfold, with the world as the game board. Especially considering that they are led by Russia and China.
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So, in a nutshell, this BRICS summit down in South Africa was a pivotal moment where these five nations mapped out their game plan for the future. Keep your eyes peeled for the ripple effects of the decisions made during this summit, they’re bound to shape the world stage in unexpected ways.
And that is what the West is getting worried about. They’re trying to turn their New Development Bank, that’s the BRICS bank, into a major player, possibly giving the established Western lenders a run for their money.
The BRICS Bank is seen as a way for the BRICS countries to increase their influence in the global economy and to provide an alternative to the World Bank and the International Monetary Fund.
The bank has been praised for its focus on infrastructure and sustainable development, and it is expected to play a growing role in the global economy in the years to come.
Some of its notable projects include the Trans-Asian Railway Network, which will connect Asia with Europe. The South African Renewable Energy Programme, which will help South Africa to increase its use of renewable energy. And the Brazil-Bolivia Integration Pipeline, which will transport natural gas from Bolivia to Brazil
Hoyer says this should make us sit up and pay attention. Here’s the deal. More and more smaller developing countries, especially in Africa, are starting to give the nod to China and other rising stars instead of the usual Western go-tos for support.
ThisisJohnWilliams
Sep 5, 2023
It’s Started: Business Closures, Stimulus and Restrictions May Be Back?!
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RJ Talks
Sep 5, 2023
The 2023 economy appears to be speeding toward a hard landing recession, as a key metric used by economists is now showing the recession may already have arrived. New delinquencies suddenly spiked in the month of August, after a new report published by Moody’s Investment Service. Showing delinquencies for all types of debt products, including credit card delinquencies, consumer loans, auto loan delinquencies are all rising. In fact auto delinquencies are now higher today than they were at their highest point during the great financial crisis period.
We look at the effects that the Federal Reserve’s monetary policy is having, the real world effects that are impacting normal people, consumers, and businesses. We also explain why tightening of lending standards by banks and lenders is directly correlated to the rise in delinquencies. As well as what this new Moody’s report tells us about what to expect next in Q4 of 2023. We forecast the upcoming economic turbulence for the rest of 2023 and into 2024, and how the forbearance programs for student loan debt, rent and mortgages helped create this, and now will be the downfall to this recent economic boom.
When do you think the official economic data will show we enter recession? Want to know our prediction, make sure to watch to find out!
Steven Van Metre
Sep 5, 2023
The Unexpected Just Happened (And Why It Has Serious Implications)
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