Hi, We are experiencing some problems in our homepage which affects our Store and also some (most) media content is not shown properly. We are fixing the issue, but it’s likely to take some time. Our apologies for any invonveniency. Sincerely, Tuomas Malinen The post Problems in the homepage appeared first on GnS Economics ..read more

Our December 2021 special report on the Great Reset included three end-scenarios for the agenda: the Great Economic Takeover, the Global Authoritarianism and All is Well. The Great Economic Takeover -scenario depicted the takeover of the economy by the central banks, on which we have been warning for some time (see, e.g., this and this). The implementation of the Great Reset agenda to this would lead to concentration of economic decision making within the global elite, or establishment. They would, most likely, drive their own political agendas through the “stakeholders” of multinational corp ..read more

In summer 2021, we started to be rather worried. The world seemed to be drifting into something “dystopic”. The responses to the coronavirus outbreak, whose destructive potential we warned in late January 2020, became epidemic in 2020 and 2021. Lockdowns and the largest bailout operations central banks and governments had ever conducted were transforming our societies in ways unseen in the Modern Era. We had warned on such policies on the Global Economic Dystopia -scenario presented in the December 2020 special issue of our Q-Review -series. There we wrote: Our subscribers should focus on the ..read more

Some think that the arrival of economic crises, or economic development in general, cannot be forecasted. In our latest Q-Review report, we set out to correct this grave misunderstanding. The idea on “non-forecastability” of the economy is a strange idea, a fallacy of sort, as economies are essentially what we make them to be. That is, we as consumers, corporations and voting members of our democracies create our economic future. What this means is that majority of economic developments are inherently inborn meaning that they are created within the economic ‘machine’.  Sometimes an outsi ..read more

Asset markets in the U.S. are flirting with a ‘bear market’. Declines have accelerated also in markets across the globe. The reasons behind the declines are rather obvious. Inflation is still spiking forcing the hand of central bankers, while the economic outlook is dimming. We warned on this in June/July, when we wrote: If inflation continues to accelerate from here, they [central banks] basically have no other option left than to try taper asset purchases and start to raise rates. But with the current state of super-highly levered financial markets, the mere expectation that financial condi ..read more

Something that many thought could not happen in our lifetime occurred on the 24th of February, when Russian troops crossed the Ukrainian border. It started a first war of invasion in the European soil since 1945. The economic impacts of this conflict are dramatic and are being felt now. Inflation has risen dramatically from the already elevated levels. Shortages of goods and factors of production are emerging. Summer crops are under threat due to, e.g., lack of fertilizers and risen petrol costs across the globe. In the first Q-Review of the year, we sketched the economic end-scenarios for th ..read more

During this year, we have awakened to a completely new kind threat, that is, to the threat of a ‘takeover’ of our economies and societies. While we have flirted with the idea of central banks taking over the financial markets and the economy previously (see, e.g., this and this), something much more sinister has been lurking in the background. The “Great Reset” agenda was brought into existence by the World Economic Forum, or “WEF”, in summer 2020. Some of its main building blocks, such as “stakeholder capitalism” have been around for decades. Discussion on it got into gear when a video by a ..read more

We have been highly critical of the ‘unorthodox policies’ of central banks for years. Last December we started to warn about the risks of central bank digital currencies, or CBDCs. Since then, several central banks have issued statements that they are planning, or will soon issue, digital currencies. China has even run trials on digital Yuan. The speed with which central banks are pushing for digital currencies is very worrisome, because they would alter the monetary and banking systems in a radical way. Public discussion about their risks, much less direct criticism, has been notably muted ..read more

In the March issue of our Q-Review series we warned about the coming inflation shock. We continued to issue warnings on quickening inflation rates in the April Outlook of our Deprcon  service, where we, for example, noted that: In certain categories, like transport, commodities and raw materials, prices are rising at the fastest pace in modern history. Now with the U.S. consumer price index recording a print of 5.4%, the highest in 13 years, and producer price index a print of 7.3% Y-o-Y, the largest 12-month advance since the calculation of annual index began in November 2010, the shock ..read more

We continue our financial history series by going through the development of financial markets. Unsurprisingly, their development follows that of banking, but their origins go further back. The first known loan contracts are over 4,000 years old! Finance has always been a crucial feature in the development of human civilizations, and it has been guided by freedom. It has spurred people, merchants and households, to borrow from the future to pay for something today. The first financial interactions were driven by the free will of people to develop financial contracts to liberate themselves fr ..read more