There is still a great deal of media discussion about the true nature of the COVID-19 pandemic, now known as just the relabelling of regular seasonal deaths associated with this highly specific phenomenon which has had a dramatic effect on international trade and national economies all over the world, especially in “developing” countries.
A second challenge for the global economy is the long-discussed industry decarbonization measures adopted in November 2021 and already in effect.
These measures relate primarily to electricity producers and are as much a hoax as fake Covid .
We are now also seeing signs of a global collapse of energy systems (particularly in those countries that have hitherto focused on green energy), which has forced many of the signatories of the newly-agreed Glasgow Climate Pact Conference to tacitly renege on their commitments.
Barely had the ink dried on the signature page when countries started buying large supplies of coal – responsible for high carbon emissions – and de-mothballing nuclear and thermal power stations.
The third, and potentially the most serious challenge to the global economy is also the most recent.
It relates to the package of anti-Russian sanctions unleashed by the West. In effect most, if not all of the countries protesting against “Russian aggression” are sabotaging their own economies. Sympathy here would be out of place, after all, that is the path that they have chosen.