To quote a Steppenwolf song from the 1960s and the Matrix movie, in keeping with the rest of 2021, the third quarter has been a magic carpet ride into the blue-pill dimension. Decisions are not being made based on national or international economies, markets or historical trends; everything is being played out according to political agendas. Discerning what’s real and what’s not is extremely difficult because everything is based on perception, not reality. The son of JP Morgan, Pierpont Morgan, said over a hundred years ago, “A man has two reasons for doing anything: a good reason and the real reason.” That sums up what’s going on today. If only Paul Harvey was alive to give us “the rest of the story.” In the last week of October Southwest Airlines CEO expressed some of this frustration when he told Fox News, it “makes no sense” to fire employees for not being vaccinated and he’s not going to do it.
The current blue-pill administration in DC has managed in less than 10 months, to spend more money than any other administration in the history of our nation, which has created the sharpest rise in inflation in 40 years. They have increased regulations and are proposing additional regulatory increases making it more costly to do business and making America less competitive internationally. They have taken us from energy independence to being dependent on other nations for our power. They have made extremely poor military decisions in Afghanistan, casting doubt on American resolve and credibility internationally. They have passed, and are attempting to pass, a $3.5 Trillion budget and spending proposals which economically and mathematically have no connection to reality. And they have completely ignored rule of law and the US Constitution all along the way. Fortunately, their programs and legislation have been so radical that, in the 50 to 50 divided US Senate, they can’t even get their own members to pass them.
Makes No Sense Southwest Airlines Says It Won’t Fire Workers Who Don’t Get C-19 Vaccine (10.24.21) https://www.theepochtimes.com/mkt_morningbrief/makes-no-sense-southwest-airlines-says-it-wont-fire-workers-who-dont-get-covid-vaccine_4063579.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-23&mktids=e583a94a1d6b08faf26ad49157baae5e&est=yRyg2stMkbjzbW5KNO9raigSXkzkEFa4NKoK1AAkkSbPIH50nYoflayqleo%3D
Yellen Backs Down on IRS Snooping on Americans Bank Accounts (10.19.21) https://www.theepochtimes.com/mkt_breakingnews/yellen-backs-down-on-irs-snooping-on-americans-bank-accounts_4056977.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-19-2&mktids=15d2c04cacbc9749d21d01b3cd9eb179&est=qqP%2FLF38ECcOmOhhZjbN7N30r64J70YSvp3Pnaorp3tCK1cSYj2QKdyhTbY%3D
Democrats Reach Agreement to Raise $600 Cap for Biden’s Proposal on IRS Reporting, Surveillance (9.28.21) https://www.theepochtimes.com/mkt_morningbrief/democrats-reach-agreement-to-raise-600-cap-on-bidens-proposal-on-irs-reporting-and-surveillance_4018190.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-09-28&mktids=6415acc423fe3e90703bd737e3f30ffa&est=07aByW1X%2FgSdaJjYx%2FP8uq5ZAxgOprIUiEF5ZlZqjEnWufvDTXfdJNoPmrk%3D
Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’ Bank Association Exec (10.9.21) https://www.theepochtimes.com/mkt_morningbrief/bidens-600-irs-taxpayer-reporting-proposal-massive-invasion-of-financial-privacy-bank-association-exec_4040433.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-10&mktids=cfaf30c6f7b49860552d1a5dfa8b2cd0&est=g2soV2yP5XKi2Hr153LKJF4ZmAZhF5tGmyOWfKEy160IMGIk2fYStZho3IE%3D
Social Security Announces Largest Benefits Increase Since 1982 (10.13.21) https://www.theepochtimes.com/mkt_morningbrief/social-security-announces-largest-benefits-increase-since-1982_4047229.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-14&mktids=c35430ff36249f654334bfa2723ba99b&est=hl12GDPaPKQDqhNhDcEg1nPZqq82oGP9wK4uyrGa1ExmdpBP5kxkW5BW0Gw%3D
Budget bill would fine companies up to $700,000 for not complying with Biden’s vaccine mandate (10.1.21) https://www.lifesitenews.com/news/budget-bill-would-fine-companies-up-to-700000-for-not-complying-with-bidens-vaccine-mandate/
Dems Hide Draconian Vaccine Fines In Massive Spending Package (9.30.21) https://ifapray.org/blog/urgent-dems-try-to-hide-draconian-vaccine-enforcement-fines-in-massive-spending-package/
Central Banks & Banks
As in the previous two quarters, central banks are continuing to keep interest rates artificially low and printing money to keep their nation’s economies afloat. “[The] U.S. dollar’s status as global reserve currency at risk, amid CCP-backed IMF plan to boost global liquidity by funneling $650 billion to governments and pharmaceutical interests. A controversial plan to boost global liquidity means the days of the U.S. dollar being the undisputed king of the international monetary system may be coming to a close,” experts told The Epoch Times.
They went on to say, “The Biden administration-backed International Monetary Fund (IMF) proposal to issue an unprecedented $650 billion U.S. dollars’ worth of new “Special Drawing Rights” (SDRs) this year alone will also help re-shape the international financial system. That is more than twice the total amount of SDRs created by the IMF throughout its entire history. The SDR is a sort of proto-global currency, based on a basket of leading currencies, dubbed an “international reserve asset” by the IMF. Each government receives an amount of SDRs proportional to its stake in the international organization.
Central Banks and the world banking system are facing some other serious challenges, such as fraud and illegal manipulation by their managing directors, resulting in resignations and investigations as well as the likely default of Evergrande, one of China’s largest banks. The Federal Reserve came up with its own blue-pill initiatives when they announced changes to their $500B loan program, added climate change as a factor in issuing bank loans, and said they would stop publishing GDP forecasts, most likely to hide the economic downturn they see coming. Yahoo News reported, “A new White House report released Friday morning says climate change poses “systemic risks” to the U.S. financial system, and presents a “roadmap” to building a “climate-resilient” economy. Top aides emphasized that framing to promote wide-ranging moves that will weave climate risk into many agencies’ new policies and regulations.
In other words, climate change will now be a factor in loaning money to businesses, so even if a business has a great history of business performance and loan repayment, they could be denied a loan if they don’t comply with certain climate change standards or initiatives.
Evergrande’s $2.6 bln unit stake sale fails as Chinese officials seek to calm nerves (10.20.21) Reuters https://www.reuters.com/business/china-protect-legal-rights-evergrande-creditors-cbank-head-2021-10-20/
Evergrande Risks Are Controllable, China’s Central Bank Says Amid Growing Fears (10.15.21) https://www.theepochtimes.com/mkt_morningbrief/evergrande-risks-are-controllable-chinas-central-bank-says_4051530.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-16&mktids=3aedb95a56f6a6ffb17bd3f0a58bff9b&est=Tb2Bs7KRuMg5f8FwGVs%2BT%2Fc2TaGbSXsWRCkQ7wP70UyFHCs5AjSn%2F9mK9hM%3D
White House Vows to Treat Climate Change as Systemic Financial Risk (10.15.21) Yahoo News
https://news.yahoo.com/white-house-vows-treat-climate-090120396.html
Economic Tailspin This May be Why The Fed Stopped Publishing GDP Reports (9.14.21) Glenn Beck https://www.glennbeck.com/radio/economic-tailspin-this-may-be-why-the-fed-stopped-publishing-gdp-reports
Federal Reserve Changes its $500 Billion Loan Program for Banks Explained (9.7.21) Glenn Beck https://www.glennbeck.com/radio/federal-reserve-changes-its-500-billion-loan-program-for-banks-explained
Concerns Surround IMF Plan to Flood World With Liquidity (7.13.21) https://www.theepochtimes.com/mkt_morningbrief/concerns-surround-imf-plan-to-flood-world-with-liquidity_3899453.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-07-14&mktids=cc79aec2861489433eb494358963bf99&est=Co6rEvSWP6vuca9px7UHuSVvWxz1zP2eL6d6PwU8hecmPTPoNWDY%2BQOHgbw%3D
World Bank Leaders, Including Now-IMF Chief, Pressured Staff to Boost China’s Ranking in Report, Investigation Finds (9.17.21) ,https://www.theepochtimes.com/mkt_morningbrief/world-bank-leaders-including-now-imf-chief-pressured-staff-to-boost-chinas-ranking-in-report-investigation-finds_4001726.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-09-17&mktids=4f4cfbfab92fa72f65cbe94b145b00dc&est=4SojshIxvfbOsbvNoKB%2BcGlI5YAkk4Z1NWE1kJ7%2BD9ckaJ8ZJh86ORSmtQc%3D
2 Top Fed Officials Step Down After Backlash Over Trades (9.27 21)
https://www.politico.com/news/2021/09/27/boston-fed-chief-retires-514348
Get Ready for the Left’s Climate-Change Emergency Lockdowns (9.12.21)
https://nypost.com/2021/09/12/get-ready-for-climate-change-emergency-lockdowns/
Cryptocurrency
Cryptocurrency is growing in global appeal and use, as it officially became legal tender in El Salvador, Bhutan and Nigeria, but was outlawed in China, even though they have no ability to halt peer-to-peer cryptocurrency exchange. WSJ reported that Janet Yellen had concerns about stablecoins being a source of liquidity the Fed can’t control. “Stablecoins, digital currencies pegged to national currencies like the U.S. dollar, are increasingly seen as a potential risk not just to crypto markets, but to the capital markets as well. Stablecoins are a key source of liquidity for cryptocurrency exchanges, their largest users, which need to process trades 24 hours a day. In the derivatives and decentralized finance markets, stablecoins are used by traders and speculators as collateral, and many contracts pay out in stablecoins.”
Bitcoin Climbs Back Above $63,000 (10.25.21) https://www.bloomberg.com/news/videos/2021-10-25/12c-bitcoin
Nigeria to Launch Digital Currency Monday to Enhance Payments (10.23.21) https://www.bloomberg.com/news/articles/2021-10-23/nigeria-to-launch-digital-currency-monday-to-enhance-payments
Bitcoin Launch Sparks Wave of Crypto Speculation in El Salvador (10.4.21) https://www.bloomberg.com/news/articles/2021-10-02/bitcoin-launch-sparks-wave-of-crypto-speculation-in-el-salvador
Bhutan’s Crypto Ngultrum Launch Gets the Blockchain Right (9.28.21) https://www.bloomberg.com/news/articles/2021-09-30/bitcoin-rises-as-technicians-probe-whether-rally-is-sustainable
China Declares Cryptocurrency Transactions Illegal; Bitcoin Price Falls (9.24.21)
Risks of Crypto Stablecoins Attract Attention of Yellen, Fed and SEC (7.17.21) WSJ
Debt
As the world sinks deeper and deeper into debt, the question is: how much deeper can we go before we hit bottom and the world revisits the global liquidity crisis of 2008, or worse? The US House and Senate’s perennial answer to not enough revenue is to raise the US debt ceiling. Raising the debt ceiling, like increasing the credit limit on your credit card, doesn’t solve the problem; it makes it worse and could cause them to default on their debt. Signs of an impending crisis are beginning to show as we are experiencing inflation, a 67% surge in foreclosures on Covid bailouts, and reports of Social Security & Medicare insolvency. The Blaze reported, “JP Morgan Chase CEO Jamie Dimon revealed Tuesday the multinational investment bank is preparing for the “potentially catastrophic” event that the United States defaults on its debt. The eyebrow-raising comments were made as Democrats seek to pass a $3.5 trillion spending bill, which they claim “costs zero dollars.” Unfortunately, the Congressional Budget Office has not yet scored the bill, but some analyses indicate the bill, if it becomes law, could add more than $4 trillion to the national debt. Dimon told Reuters that JPMorgan Chase is preparing for how to conduct business if the U.S. defaults on its credit, a possibility that would cripple the U.S. economy.”
Senate Leaders Announce Short-Term Deal to Raise Debt Ceiling (10.7.21) https://www.theepochtimes.com/mkt_breakingnews/senate-leaders-announce-short-term-deal-to-raise-debt-ceiling_4037048.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-07-2&mktids=2c36f809ad6985f552b4f3fc73eacb13&est=5wYK9V%2F7ZnV1oFHu2e9WFepQzIlzroQHQD37B5M%2BcD0qNiu9iqEazxWOaOE%3D
Foreclosures are Surging now that Covid Mortgage Bailouts are Ending, but They’re Still at Low Levels (10.14.21) https://www.cnbc.com/2021/10/14/foreclosures-surge-67percent-as-covid-mortgage-bailouts-expire.html
JPMorgan Chase CEO warns his bank is preparing for ‘potentially catastrophic’ US credit default (9.28.21) The Blaze https://www.theblaze.com/news/jpmorgan-chase-jamie-dimon-potentially-catastrophic-us-credit-default?utm_source=theblaze-dailyPM&utm_medium=email&utm_campaign=Daily-Newsletter__PM%202021-09-29&utm_term=ACTIVE%20LIST%20-%20TheBlaze%20Daily%20PM
Officials Agree Social Security, Medicare Are in Deep Trouble, but Solutions Mean Tough Choices (9.2.21) https://www.theepochtimes.com/mkt_morningbrief/officials-agree-social-security-medicare-are-in-deep-trouble-but-solutions-mean-tough-choices_3977140.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-09-02&mktids=103e4a8a3568d4bc6067c7183d607118&est=UfjWqwunYkWVFqBwBye72dJsjnaeoFUZWJCuFRZ3QE4mj%2BJY0hcNhoEl1j4%3D
Accounting Critic Says Biggest Problem Facing Social Security, Medicare Is Trillions in Unfunded Debts (9.2.21) https://www.theepochtimes.com/mkt_morningbrief/accounting-critic-says-biggest-problem-facing-social-security-medicare-are-trillions-in-unfunded-debts_3978593.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-09-03&mktids=db7aa8c66db27a1bf486d42994d37292&est=QK9HN4o46kmTBWkEbupChXPcquf%2F5iIwFn%2FKarDKtzQdxGfgR%2F%2BNMDArUe0%3D
World Economy
The Epoch Times reported: “The International Monetary Fund (IMF) has slashed its growth forecast for the United States by one full percentage point, blaming supply chain disruptions and weaker consumption, while warning of growing economic risks to the world economy. In its most recent World Economic Outlook, released on Oct. 12, the IMF cut the growth forecast for the United States from 7.0 percent in July—a level that would have been the strongest pace since 1984—down to 6.0 percent. At the same time, the IMF raised the U.S. growth forecast for 2022 by 0.3 of a percentage point to 5.2 percent. The sharp downgrade was blamed on large inventory drawdowns in the second quarter, partly driven by supply chain chaos, as well as softening consumption in the third quarter. U.S. growth could shrink further, the IMF said, because its forecasts assume that a deeply divided Congress will approve President Joe Biden’s proposed infrastructure and social spending package worth around $4 trillion over a decade.”
In other world news, the NY Times reported that “More than 130 countries agreed to set a minimum tax rate of 15% as governments look to end a race to the bottom on corporate taxation. The low tax countries were threatened that if they did not join the new accord, their access to dollar and euro payments systems could be cut off.” That said, each of those countries will have to get their legislatures and parliaments to ratify the agreement, which will be quite the feat.
The world is experiencing supply chain problems, supposedly because it lacks containers, workers to unload them, and products to be shipped. In a free economy, these should not be insurmountable problems, somebody starts making more containers, increasing the wages for people to load and unload them, and manufacturing what is in short supply. This is what America has done for over 200 years, until the last election. The answer to the clogged ports was offered by Gov. DeSantis, who invited the ships to come to Florida, “We’ve got capacity, and all of our ports can offer these businesses good incentives if they reroute their ships,” he said during an interview with Fox News’ Tucker Carlson. “We’ve already had some ships rerouted. We expect to have more, but if you’re going to sit off the coast for days on end, you might as well just bring it to Florida. We’ve got great logistics on the ground that can get it to market.”
The Epoch Times reported, “Consumer prices rose by more than expected in September as food and energy costs surged, new government data show. According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent in September, coming in higher than the median estimate of 5.3 percent.” Food, gas, utility rates and other products are increasing in price, as many currencies are decreasing in value, due to the massive quantitative easing C-19 handouts, restrictions and mandatory vaccination requirements, are also needlessly driving up the cost of living and creating employee shortages, which in turn create production shortages. You would think the most pro-abortion administration in history, would be able to connect the “my body, my choice” mantra to something else other than abortions.
DeSantis Offers Florida Ports to Alleviate Supply Chain Pinch (10.23.21) https://www.theepochtimes.com/mkt_breakingnews/desantis-offers-florida-ports-to-alleviate-supply-chain-pinch_4065055.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-23-2&mktids=82e6dfe2faad5aa5b9d73f7e5855ce75&est=2ukgMcUQvpODnlKAF8pBNowMFE75fjSPZ6uUYH0b8RaoDwDhoeL9shYPccY%3D
One of World’s Largest Port Operators Warns Global Supply Chain ‘Crisis’ Will Last Longer Than
Record Number of Container Ships Waiting Off Ports of Long Beach (10.19.21) https://www.theepochtimes.com/mkt_morningbrief/record-number-of-container-ships-waiting-off-ports-of-long-beach-los-angeles-executive_4057313.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-20&mktids=b903d54d906d6f525130667153f1cea6&est=Yov8ncS6pI6zXIXFvwEoDutvqji1SlTe6UeyiXXt8a5FSAbCHu%2Bw1lTGI18%3D
Vaccine Mandate Threatens Major Trucking Disruption, Industry Insiders Say (10.25.21) https://www.theepochtimes.com/mkt_morningbrief/biden-plays-chicken-with-semitruck-drivers_4063261.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-25&mktids=10916355ef0b82e1dc909cfed775fd5b&est=Pj1sBR%2FsgIN3QUXzBHkpl1XJ8O6M3sPfutV6WHHB335MDcHCAwywal1PoSY%3D
IMF Cuts US Growth Forecast Due to Supply Chain Chaos, Weaker Spending (10.12.21) https://www.theepochtimes.com/mkt_breakingnews/imf-cuts-us-growth-forecast-due-to-supply-chain-chaos-weaker-spending_4044880.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-12-2&mktids=e1403fce15b7c54de4e417e3dc60671b&est=ORkb%2FT798RujnqU3rIBXJnkoLKxTvWFXcYiyIzQe0bCu1V1YS8QON5Spyf8%3D
Global Deal to End Tax Havens Moves Ahead as Nations Back 15% Rate (10.8.21) NYT https://www.nytimes.com/2021/10/08/business/oecd-global-minimum-tax.html
American Household Heating Bills Are Expected to Spike This Winter Says Federal Agency (10.14.21) https://www.theepochtimes.com/mkt_breakingnews/us-household-energy-bill-projected-to-soar-in-winter-eia_4048543.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-14-1&mktids=e39f58d6cffb66bfe47d191dc470b0eb&est=aa1wznbcW0P9RqKiaQtJG3KLKc9qfhTxV2KTuW%2BxLrSnLI6vlzpQ4xp2Y2Q%3D
US Consumer Prices Surge Higher Than Expected, Hit 13-Year High (10.13.21) https://www.theepochtimes.com/mkt_morningbrief/us-consumer-prices-surge-higher-than-expected-hit-13-year-high_4046976.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-14&mktids=c35430ff36249f654334bfa2723ba99b&est=vCj6rnwmNRIXnUNUNYtyhRxdCpkesYhJgrVyVtL2THi%2B1YuqlOA%2FZByhI7U%3D
Food Prices Hit Highest Level in a Decade (10.12.21) https://www.theepochtimes.com/mkt_morningbrief/food-prices-hit-highest-level-in-a-decade_4040361.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-11&mktids=f0856272e47cafb38ce64e1cd0b6fc8e&est=xBKM%2B12V0kBjf4oH%2F8ngj0zuTBzWjcz9udBDnM5knVVar8i2lOzP7tchOyA%3D
US Gas Prices Rise to New 7-Year-High With No Drop in Sight (10.11.21) https://www.theepochtimes.com/mkt_breakingnews/us-gas-prices-rise-to-new-7-year-high-with-no-drop-in-sight_4043445.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-11-3&mktids=3588dd14084d57bade13b34752b20901&est=lvSGyohIkF2uaXSAjAIuAHLvmszAlgFURyZTnXLlLBo%2Faz3kvI0s10R2AcY%3D
Three Bizarre Reasons Why Inflation Is Here To Stay (10.11.21) SMC
NYC Restaurateurs Business Down 40 to 60 Percent Due to Vaccine Mandate (10.1.21)
World Bank Warns of Tragic Reversals in Developing Countries Due to C-19 (10.11.21) https://www.theepochtimes.com/mkt_morningbrief/world-bank-warns-of-tragic-reversals-in-developing-countries-due-to-covid-19_4043443.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-12&mktids=651f3475548f8989f507e025f83b639c&est=81CncGYsn52mW0GW2NqiLrg0cQPUVGGb1VsfKqA5YdQMtyuawBGJ83DRDng%3D
World Economic Forum Publishes Shocking Great Reset Strategy (9.15.21) https://www.youtube.com/watch?v=nAgytRLrt4E&feature=emb_imp_woyt
Great Reset Leaders Admit Your Way of Life Doesn’t Matter (9.15.21) GB
The Unholy Alliance of Big Government, Big Business & Woke Dogma (9.14.21) https://www.theepochtimes.com/vivek-ramaswamy-the-unholy-alliance-of-big-government-big-business-and-woke-dogma_3992941.html?utm_source=ATLNewsletter&utm_medium=email&utm_campaign=2021-02-19
China
China is the biggest problem-nation in the world today. Not a day goes by that China isn’t being chastised by another nation or people inside their nation. China rejects every accusation and never takes responsibility for anything it says or does, normally shifting the blame to the group or nation accusing them. No one trusts them and most fear them, but since Trump left the White House in January, few dare to openly challenge them. China bullies and threatens the world while trying to appear invincible, but they are not. China has massive internal problems. They have widespread shortages of everything, their largest bank is about to default and their economy is faltering. The Epoch Times reported, “‘The Chinese economy is on the path of a sharp slowdown in the coming years as Beijing wrestles with the Evergrande debt crisis, an economic analyst warned, adding that the coming slump should serve as an awakening to the other parts of the globe.” In spite of brutal tactics and human rights violations against their people, Chinese citizens are starting to push back against this dictatorial, totalitarian regime. You can only push people so hard before living under such a regime becomes worse than death. At which point they have nothing to lose and that regime begins to lose control. More and more Chinese people are moving in this direction, and there are far more of them than there are soldiers.
Evergrande: The End of China’s Economic Growth (10.25.21) https://www.theepochtimes.com/evergrande-the-end-of-chinas-economic-growth_4064157.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-23&est=qUxmYaXlCvSAV396Lfl4J2cB%2BZob1jcvsEKGZ71kwQPUwuWVsuVGQ%2BRtu2w%3D
Inside China’s Evergrande Crisis, the Buildup Against Taiwan, and the Inner Workings of China’s Financial System (10.24.21) https://www.theepochtimes.com/christopher-balding-inside-chinas-evergrande-crisis-the-buildup-against-taiwan-and-the-inner-workings-of-chinas-financial-system_4064946.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-24&est=aKMfHwZWL%2FxmGJXpNas2pbeg08RVG3UTfsLIUy8vxDUrZS7kPUd%2BSgynbBo%3D
China’s Top Planner May Intervene in Market to Tackle Irrational Coal Price Increases (10.20.21) https://www.caixinglobal.com/2021-10-20/chinas-top-planner-may-intervene-in-market-to-tackle-irrational-coal-price-increases-101789261.html
Evergrande Crisis Portends a ‘Dramatically’ Slowing Chinese Economy, Economist Says (10.19.21) https://www.theepochtimes.com/mkt_morningbrief/evergrande-crisis-portends-a-dramatically-slowing-chinese-economy-economist-says_4057633.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-20&mktids=b903d54d906d6f525130667153f1cea6&est=LELSBPLPzqjrfG9%2FHSNMfzuPX%2F9%2B8Kq%2FcK04YrsjoEH8NGl%2BDoaBUQBKogU%3D
China to US Freight Cost Soared Tenfold Due to Container Shortage (10.4.21) https://www.theepochtimes.com/mkt_morningbrief/china-to-us-freight-cost-soared-tenfold-due-to-container-shortage_4025811.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-01&mktids=e6b092ac984bb68800444fc52ddf3a39&est=GQcnDyRk%2F2FoDEEkLkNvdD7SCC7G3s82r4h84NLyTIad5kIA6Jm5L9ERXlE%3D
Evergrande Risks Are Controllable, China’s Central Bank Says Amid Growing Fears (10.15.21) https://www.theepochtimes.com/mkt_morningbrief/evergrande-risks-are-controllable-chinas-central-bank-says_4051530.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-16&mktids=3aedb95a56f6a6ffb17bd3f0a58bff9b&est=Tb2Bs7KRuMg5f8FwGVs%2BT%2Fc2TaGbSXsWRCkQ7wP70UyFHCs5AjSn%2F9mK9hM%3D
Workers Who Maintain Supply Chains Warn of Worldwide System Collapse (9.29.21) https://www.theepochtimes.com/mkt_breakingnews/workers-who-maintain-supply-chains-warn-of-worldwide-system-collapse_4023717.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-09-29-3&mktids=f525732bd8b53a3c6d830e7f73155587&est=6k20eIkNB1QuW5Je3jHw3jd150%2F84B2zhwkxsaN7GsuxIA%2Bog7AA5b3g5%2FE%3D
Evergrande Crisis Escalates as Protests Break Out in China (9.13.21) Bloomberg News https://www.bloomberg.com/news/articles/2021-09-13/evergrande-crisis-escalates-as-protests-break-out-across-china
What is Behind China’s Power Crunch (9.2.21) https://www.reuters.com/world/china/what-is-behind-chinas-power-crunch-2021-09-27/
Is China Heading Towards Economic Collapse (9.17.21) The Blaze https://www.youtube.com/watch?v=qtcg–gD4K4&t=802s
Political Unrest
In light of China’s actions, central bank decisions, covid-19 related mandates and restrictions, political and social unrest is rampant throughout the world. The WSJ reported, “European Union leaders urged Brussels to act cautiously in an escalating fight with Poland’s nationalist government over its judiciary as the bloc’s heads of government gathered Thursday for a summit. The latest fight centers on a ruling by Poland’s constitutional tribunal two weeks ago that EU treaty law has become incompatible with Polish law—an unprecedented ruling from a national court. The ruling was delivered in response to a legal question posed by Polish Prime Minister Mateusz Morawiecki.”
The EU continues to pressure all the sovereign nations of Europe to conform to its mold, hence its warning to Brussels to tread carefully. Like many nations in Europe, US and Australia are extremely divided within their federal governments and among their states. International relations and agreements are also causing divisions and shifting alliances. France recalled their ambassadors from the U.S. because they were left out of an agreement between the US, Australia, Canada and the UK. The one unifying factor seems to be standing together against China because no one wants to stand alone. China’s open aggression, spying and infiltration are happening everywhere and many nations realize that if they don’t stand together against China, they are vulnerable. China is demanding that Taiwan become part of China under its rule, and made many provocative moves in that direction, so much so that the US, Canada, the UK and Australia have sent military assistance to Taiwan for the first since the 1970s.
European Leaders Urge Caution in EU Clash With Poland (10.20.21) WSJ
Warfares Doctrine Underpins CCP’s Sprawling Campaign to Infiltrate the West (9.28.21) https://www.theepochtimes.com/mkt_breakingnews/three-warfares-doctrine-underpins-ccps-sprawling-campaign-to-infiltrate-the-west-report_4021847.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-09-29-1&mktids=d73fcc73cdfa015b400af2e2916862e2&est=5%2BHWYgKQKYA2eY8JFemsAqftnquoMg4xq2ezrqX7eJHxCfZbfyuf7OrugSg%3D
China’s Escalating Military Pressure on Taiwan Poses Challenge to Democracies Everywhere Say Experts (10.2.16.21) https://www.theepochtimes.com/mkt_breakingnews/chinas-escalating-military-pressure-on-taiwan-poses-challenge-to-democracies-everywhere-experts_4046883.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-10-14-1&mktids=e39f58d6cffb66bfe47d191dc470b0eb&est=RoPLkXtGtJVAh2WptLLamj8pAytXAf9bjRMc3oNOxWyiJlL%2F6Go1B3E3yM8%3D
Taiwan Calls on Beijing to Abandon Its Provocations After Xi Vows ‘Reunification (10.9.21) https://www.theepochtimes.com/mkt_morningbrief/xi-jinping-vows-peaceful-reunification-with-taiwan-after-record-show-of-force_4040891.html?utm_source=Morningbrief&utm_medium=email&utm_campaign=mb-2021-10-10&mktids=cfaf30c6f7b49860552d1a5dfa8b2cd0&est=Nsmbqim8BLCTlugQICEujPbLgzlNmfNJDOGUtj70f5XIqVFl1d4E%2BbEFypw%3D
China’s Xi Inspects Secret Space Base, Asks the Military to Prepare for War (9.24.21) https://www.theepochtimes.com/mkt_breakingnews/chinas-xi-inspects-secret-space-base-asks-the-military-to-prepare-for-war_4008731.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-09-24-2&mktids=8fc83c23dd1ce50489adb7c2a2570119&est=CYbg7dyKQo1QXmKCOCq1L68%2FYEMdlk2Od%2BCgOVI2UtSqLBKB%2FkyRAMz5KoQ%3D
Beijing Responsible for Largest Transnational Crackdown in the World to Muzzle Diaspora, Report Finds (9.26.21) https://www.theepochtimes.com/mkt_breakingnews/beijing-responsible-for-largest-transnational-crackdown-in-the-world-to-muzzle-diaspora-report-finds_4017106.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-09-26-2&mktids=13e2d8bfff86c7ff282cf8902e8680e7&est=8C12eRzL6RpN%2BcIEMCHKg84kls0FkWYc5C2enRhW1pTOPrSt1edvYF9zXWY%3D
Fulton's Perspective on Global Economies, Markets & Political Events 