With Davos shut down by the latest incarnation associated with COVID variant, the tour’s great-est and good-est made a decision this year’s get together to tell the world what they should believe would be done virtually this season.
The one and only the Dr . Evil-esque Klaus Schwab kicked things away in a brief introductory declaration that had everything other than a pinky-finger-in-the-corner-of-the-mouth:
After urging his fellow elites in order to “ narrow the space between rich and poor, ” Schwab introduced Chinese language President Xi Jinping exactly who wasted not time in warning against the “ fanning of ideological antagonism and the politicizing of economic, scientific and technological problems. ”
Diplomatically careful not to accuse any individual country – yet blatantly obvious to anyone not completely red-pilled by Schwab’s heroic introduction from the Chinese leader – Xi warned nations against protectionism, well as “ hegemony and bullying, ” urging countries to work cooperatively on global challenges.
“ All of us need to eliminate Cold War mentality and seek peaceful co-existence and win-win outcomes. ”
“ Our world today is faraway from being tranquil. Rhetorics that stoke hatred and prejudice abound. Functions of containment, suppression or even confrontation arising thereof perform all harm, not the least good to world peace and security, ” this individual added, according to a interpretation.
“ History has proved repeatedly that confrontation does not resolve problems. It only invites catastrophic consequences. ”
“ Protectionism and unilateralism can protect no one. They will ultimately hurt the passions of others as well as one’s own. Even worse would be the practices of hegemony plus bullying, which run table to the tide of history. ”
Xi said the “ right way forwards for humanity is peaceful development and win-win assistance. ”
The left has successfully utilized mass formation psychosis in order to promulgate the drop of western civilization according to the subversion of the Bilderberg Team, the Davos confab, the entire world Economic Forum and the hidden hand of the wealthiest households on Earth unleashing their end game against humanity and freedom. If we do not stand now. Then we will not have to get able to fully stand up again against the blatant violations of our own Constitution and our human rights.
This is the same Xi who is peacefully militarizing islands in the Pacific, recently bullied any dissenters (or media) in Hk, hegemonically pressuring Taiwan’s democratically-elected commanders to accept his rule, and ‘ allegedly’ is suppressing millions of Uyghur muslims.
However , among all the blame-scaping for worldwide unease, Xi’s true fears emerged as he made it clear that “ economic globalization is the tendency of the times” and that other nations tightening policies (as China eases) is a recipe for disaster (in the world according to Xi):
“ A global low inflation environment offers notably changed, and the dangers of inflation driven by multiple factors are surfacing.
If major economies slam for the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers .
They would existing challenges to global economic and financial stability, and developing countries would keep the brunt of it. ”
As we have noted previously, this is likely to become THE global economic climate story of the first half 2022 since China is forced to ease (with PPI in the double-digits plus growth still above 8%) to forestall a housing crisis and social unrest while the rest of the world will be tightening (especially The Fed) amid multi-decade high inflation and political pressures.
We have small doubt that the rhetoric from Beijing will crank up to ’11’ once The Fed begins hiking and China sees huge capital outflows – mostly via crypto.
The forward FX market still expected Yuan to weaken (against the USD) over the following 12 months…
HOWEVER simply put, one of them two ‘ markets’ is going to be wrong – the market is anticipating spectacular rate-hikes this year by The Fed AND is expecting the Chinese Yuan to strengthen (or weaken less) over the same period…
And we believe we know which as Rabobank noted earlier:
“ Whichever way the Fed goes, it will be wrong. Back off, and watch inflation objectives become more entrenched. Press upon, and watch things get ugly. ”
And finally, if you doubted Xi’s support for one-world-government (presumably based in Beijing), this shutting paragraph should clarify factors:
“ Major economies should see the world as one local community, think towards a more systematic way, increase plan transparency and information discussing, and coordinate the objectives, intensity and pace of fiscal and monetary plans, so as to prevent the world economic climate from plummeting again. Main developed countries should follow responsible economic policies, control policy spillovers, and avoid serious impacts on developing countries. International economic and banking institutions should play their helpful role to pool global consensus, enhance policy synergy and prevent systemic risks. ”
“ We ought to follow the trend of history, work with a stable international order, negotiate common values of humanity, and build a community using a shared future for mankind. We should choose dialogue over confrontation, inclusiveness over exclusion, and stand against all forms of unilateralism, protectionism, hegemony or strength politics. ”
Translation: Can’t we all just get along… in line behind Beijing.