Hyper-Globalization is Reversing

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A few days ago, at 03:20 AM, an earthquake hit Turkey and Syria hard; it also rocked the high-rise that I reside in. At 07:40 AM, as I called the elevator to escort my daughter to her school, where she attends 1^st grade, a neighbor who was already in the elevator asked me if I felt the quake.

I didn’t since I was sound asleep, but the building’s WhatsApp group started to come alive with residents sharing their light fixtures and furniture moving around, while reports from Turkey and Syria came in to tell the tragic story of the scope of this natural disaster.

By noon, in our neighborhood, a collections and donations operation commenced, where Tel-Avivians could bring anything they wanted to give away to help alleviate the suffering in Turkey and Syria.

It was right around that time that for a few seconds, I felt like I was on a boat, as an aftershock moved the tower a bit.

I didn’t connect the dots, until a neighbor texted me that he was feeling sea-sick.

Israel, Syria, Turkey and other countries are geographically positioned in one of the planet’s most unstable tectonic locations, the Great Rift Valley.

It reminded me that I don’t live in Tel Aviv or in Israel, but on a rock, circling the sun through the magic of gravitational pull, and that our short time in this physical body is just a blip on the universe’s timeline.

Earthquakes remind me that shocks occur and that right below our feet, there is always immense pressure on the plates, from the blistering heat of the flowing lava.

We must respect the risks and, in 2023, we face huge dangers of de-globalization, which opens the door to new regional power grabs. This has made investors ultra-bearish, both on Wall Street and Main Street (retail).

Take a look at the following graph:

Courtesy: Zerohedge.com

At the same time as this tragic event unfolded in the Middle East, live TV coverage of the balloon sparked fears that the Chinese are doing what the Soviets and the Americans did to each other during the Cold War, which is to “show presence” and intimidate.

Spy balloons are generally not an advanced technological tool in 2023, and at a height of 60,000 feet, which is clearly visible from the ground, it also tells you that there’s an element of trying to be intentionally “in your face.” However, the whole situation goes against the very peaceful tone of Chinese-American relations of recent months.

The bottom line for me remains the same: Hyper-globalization, which is the 6^th gear turbo-charged overreach of American interests, invoking wars and confrontations in regions they shouldn’t have been in in the first place, is reversing course after massive public backlash. We’re now entering a strong nationalistic era.

In this world, foreign countries that are less aligned with the U.S. are going to continue holding fewer dollar reserves. The USD is clearly in a severe bear market, and I expect gold to hit $2,000 by summer!

Welcome to the bull rally! Death cross in motion!

Courtesy: Zerohedge.com, Bloomberg

Best Regards,

Lior Gantz
President, WealthResearchGroup.com