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Sunday, November 5, 2023

The New Normal Will Be Here Soon

patience pays but few have discipline...

2023 ~ This has been a turbulent year

Just when C19 eased and the world reopened, wars and warmongering rise

For a moment, it was fighting for survival and the next, it was fighting to control another

When Covid appeared and spread, no religions nor any religious sects & leaders were able to protect their flocks & survival was 'a game of chance' 

The faithful believe that GOD will protect them from the disease(s); vaccination was also a game of chance whereupon humans are the first 'testbed', no more any animals

The world came to a standstill

For once, ALL religious gatherings were banned and avoided to prevent further spread; everyone's respective GOD(s) were noticeably absent

It brought everyone back to basic 1; that the house(s) of GOD live within oneself - with due respect, there is no need for mega- churches, temples, synagogues, mosques...whatsoever 

Religion & religious beliefs is a "One-on-One relationship" with GOD

In the past 3 years, brick and mortar businesses took severe beatings while eCommerce & eSolutions gained momentum as lesser contacts meant less chances of the disease spreading 

Going forward, I believe eSolutions, FinTech, drones, robotics, AI, ESGnA [Environmental, Social, Governance & Awareness] will rise in importance

Humans will soon return to our 2nd Basic: that "we work to live & not live to work" - the overproduction the world over is not just depleting resources but creating excessive wastage

There were enough to feed the world's 8billion + population but excessive wastage will deplete the much needed resources and aggravate poverty wherein unconsumed food, for which they did not reach those in need, are destroyed

MONEY, Money, money... the grease that ease commerce & exchanges will undergo fiery metamorphosis. Which country's currency will rule the world commerce? Japan has the highest debt to GDP ratio, standing at 262%, followed by Venezuela at 241% and Greece at 193% while the United States Government debt accounted for 121.6 % of the country's Nominal GDP in Jun 2023

Any abrupt revaluation or devaluation of currency, especially the mainstream currencies, will send a shock through the world. Gold will plausibly be the best bet when this happen ~ the evolution of exchange returns back to basic

There are always two sides to any stories; WallStreet rebounded sharply for a week, gaining more than a thousand points despite little to nil positive economic reports but burdened by intense Israeli-Hamas conflicts. US, despite being deep in deficits, is drawing down on their monies to fund the conflict 

Watch out for the dark angels; the world may be sucked into an unbargained conflicts that could pitch Israel + West versus Palestinians + Arabs, backed by Russia and China - the enlarged war will force the spiralling up of commodities prices and shortage of food

This will also decimate global capital markets    

Nobody goes broke by taking profits

Property prices will take a hit from higher funding costs and cost pushed inflation 

Cash is King but yet perishable ~ the declining purchasing power is clear sign that smart money is looking for safer havens

When unsure, walk away

The world of finance will rejig to a new equilibrium & a new normal will surface


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