The plot involves centralizing the world’s farms in the hands of just a few wealthy individuals who plan to cut almost one-third of the world’s greenhouse gas emissions by radically altering the way food is grown.

The report touts the proposed changes in nice-sounding terminology that claims food production will continue in such a way as “to feed a growing population.” The reality, though, is that the proposal threatens to eliminate large swaths of agricultural production that in turn could lead to famine and starvation.

“While the food on your table may taste good, it is also a hefty slice of the climate change emissions pie,” claims Axel van Trostenburg, a World Bank figure.

The good news is that the global food system can heal the planet – making soils, ecosystems and people healthier, while keeping carbon in the ground. This is within reach in our lifetimes, but countries must act now: simply changing how middle-income countries use land, such as forests and ecosystems, for food production can cut agrifood emissions by a third by 2030.”

(Related: COP28 head Sultan Al Jaber believes that the crusade against earth-based fuels is misguided as well because oil and gas are not contributing to global warming.)

The end of food

Instead of promoting diverse agricultural practices that local family farmers have been honing for centuries – such practices are good for the environment rather than bad – the World Bank wants to throw the baby out with the bathwater by getting rid of agriculture entirely in some areas.

We are seeing that push in the Netherlands and other parts of Western Europe. And now the World Bank is proposing even more agriculture reductions because it claims the climate is warming from all the food people are growing.

“Action should happen across all countries to get to net zero, through a comprehensive approach to reducing emissions in food systems, including in fertilizers and energy, crop and livestock production, and packaging and distribution across the value chain from farm to table,” the World Bank says.

As usual, the globalists are proposing a one-size-fits-all solution to standardize farming practices even though local ecosystems vary widely from place to place. It does not matter to them, though, because the investment returns from their proposal are massive.

“Annual investments will need to increase to $260 billion a year to cut in half agrifood emissions by 2030 and to reach net zero emissions by 2050,” the World Bank says.

“Making these investments would lead to more than $4 trillion in benefits, from improvements in human health, food and nutrition security, better quality jobs and profits for farmers, to more carbon retained in forests and soils.”

Greed is once again ruling the day, and the shortsightedness of these globalists will spell their own undoing. Once they, too, run out of food, all that money they are stealing will be worthless because there will be no food left for them to buy with it.

“Ultimately, the World Bank’s ambitious project to restructure global agriculture underestimates the risks of unintended consequences, including food shortages, economic disruption, and increased hardship for the most vulnerable,” warns Watts Up With That.

“History teaches that centralized interventions in complex systems such as global agriculture often lead to outcomes opposite those intended, driven by a failure to account for the organic and evolved nature of these systems. The portrayal of these interventions as low-risk and high-return is not only misleading but potentially dangerous, paving the way for a future where the global food supply is less secure and more susceptible to the whims of bureaucratic mismanagement.”

Climate lunacy is destroying the world. Learn more at Climate.news.

Sources for this article include:

• WorldBank.org
• WattsUpWithThat.com
• NaturalNews.com

According to the World Bank, global growth in 2023 will slow to the lowest level since the 2008 financial crisis. In other words, the World Bank is predicting the beginning of Great Recession 2.0.

You might recall that the Great Recession was neither short nor shallow. In fact, World Bank Group chief economist and senior vice president Indermit Gill said, “The world economy is in a precarious position.”

According to the World Bank’s new Global Economic Prospects report, global growth is projected to decelerate to 2.1% this year, falling from 3.1% in 2022. The bank forecasts a significant slowdown during the last half of this year.

That would match the global growth rate during the 2008 financial crisis. According to the World Bank, higher interest rates, inflation, and more restrictive credit conditions will drive the economic downturn.

The report forecasts that growth in advanced economies will slow from 2.6% in 2022 to 0.7% this year and remain weak in 2024.

Emerging market economies will feel significant pain from the economic slowdown. Yahoo Finance reported, “Higher interest rates are a problem for emerging markets, which already were reeling from the overlapping shocks of the pandemic and the Russian invasion of Ukraine. They make it harder for those economies to service debt loans denominated in US dollars.”

The World Bank report paints a bleak picture.

The world economy remains hobbled. Besieged by high inflation, tight global financial markets, and record debt levels, many countries are simply growing poorer.”

Absent from the World Bank analysis is any mention of how more than a decade of artificially low interest rates and trillions of dollars in quantitative easing by central banks created the wave of inflation that continues to sweep the globe, along with massive levels of debt and all kinds of economic bubbles.

If you listen to the mainstream narrative, you would think inflation just came out of nowhere, and central banks are innocent victims nobly struggling to save the day by raising interest rates. Pundits fret about rising rates but never mention that rates were only so low for so long because of the actions of central banks. And they seem oblivious to the consequences of those policies.

But being oblivious doesn’t shield you from the impact of those consequences.

In reality, central banks and governments implemented policies intended to incentivize the accumulation of debt. They created trillions of dollars out of thin air and showered the world with stimulus, unleashing the inflation monster. And now they’re trying to battle the dragon they set loose by raising interest rates. This will inevitably pop the bubble they intentionally blew up. That’s why the World Bank is forecasting Great Recession-era growth. All of this was entirely predictable.

After all, artificially low interest rates are the mother’s milk of a global economy built on easy money and debt. When you take away the milk, the baby gets hungry. That’s what’s happening today. With interest rates rising, the bubbles are starting to pop.

And it’s probably going to be much worse than most people realize. There are more malinvestments, more debt, and more bubbles in the global economy today than there were in 2008. There is every reason to believe the bust will be much worse today than it was then.

In other words, you can strike “short” and “shallow” from your recession vocabulary. Even the World Bank is hinting at this.

Article cross-posted from Schiff Gold.

#1 The IMF: “We expect one-third of the world economy to be in recession. Even countries that are not in recession, it would feel like recession for hundreds of millions of people”

#2 Bloomberg: “Economists say there is a 7-in-10 likelihood that the US economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.”

#3 The World Bank: “As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies that would do them lasting harm, according to a comprehensive new study by the World Bank.”

#4 Bank of America CEO Brian Moynihan: “We’re going to have a shallow recession”

#5 Mohamed El-Erian: “Many ‘high-conviction’ U.S. recession calls are immediately coupled with the assertion that it’ll be ‘short and shallow.’ Reminds me of the behavioral trap ‘transitory inflation’ proponents fell into last year”

#6 Nouriel Roubini: “No, this is not going to be a short and shallow recession, it’s going to be deep and protracted”

#7 Larry Summers: “My sense is that it’s much harder than many people think to achieve a soft landing”

#8 Goldman Sachs CEO David Solomon: “Economic growth is slowing,” Goldman Sachs CEO David Solomon said at the same conference. “When I talk to our clients, they sound extremely cautious.”

#9 Charles Schwab & Co.’s Liz Ann Sonders: “We have to take our medicine still, meaning a weaker economy and a weaker labor market. The question is, is it better to take our medicine sooner or later?”

#10 BlackRock: “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. They are deliberately causing recessions by overtightening policy to try to rein in inflation”

#11 Michael Burry: “Inflation peaked. But it is not the last peak of this cycle. We are likely to see CPI lower, possibly negative in 2H 2023, and the US in recession by any definition. Fed will cut and government will stimulate. And we will have another inflation spike. It’s not hard.”

As you can see, there is a general consensus that things will be bad in 2023, but there is disagreement about just how deep the coming economic downturn will turn out to be.

If the worst of these forecasts turn out to be accurate, that will actually be incredibly good news.

Because the reality of what we will be facing in 2023 is likely to be significantly worse than any of these experts are currently projecting.

With each passing day, we continue to get even more numbers that indicate that big trouble is ahead.

For example, we just learned that luxury home sales absolutely cratered during the months of September, October and November…

Sales of luxury homes fell 38.1% year over year during the three months ending November 30, 2022, the biggest decline on record, according to a new report from Redfin, a technology-powered real estate brokerage. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012.

The luxury market and the overall housing market lost momentum in 2022 due to many of the same factors: inflation, relatively high interest rates, a sagging stock market and recession fears.

We haven’t seen anything like this since 2008.

And we all remember what the housing crash of 2008 ultimately did to the financial markets.

Normally, the beginning of a calendar year is a time for optimism.  As we look forward to a completely clean slate, it can be easy to forget the difficulties of the previous 12 months.

But this year things seem completely different. On some level, just about everyone can feel that very challenging times are ahead of us.

Decades of very foolish decisions are starting to catch up with us in a major way. Our leaders tried very hard to keep the party going for as long as possible, and to a certain extent they were quite successful in doing so.

Our politicians in Washington kept borrowing and spending trillions upon trillions of dollars that we did not have, and that definitely delayed our day of reckoning.

And the Federal Reserve kept the financial markets artificially propped up for years by endlessly pumping giant mountains of fresh cash into the system. But such foolish measures only made our long-term problems even worse, and now our leaders are losing control.

All of the “mega-bubbles” are starting to burst, and the system is beginning to fall apart all around us. It is time to turn out the lights, because the party is over.

We all had a lot of fun while it lasted, but now the bill is due and an extraordinary amount of pain is ahead.

***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.

I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.

I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Article cross-posted from The Economic Collapse Blog.

Now, economists are sounding the alarm over concerns that the world’s biggest lenders are stretching themselves too thin in trying to bail out emerging market economies. This, they said, leaves the two institutions with little space to maneuver should future crises arrive. In line with this, government officials around the world were asked to ensure sufficient capacity for future emergency responses.

The IMF has already committed $258 billion to 93 countries since the onset of the pandemic, with another $90 billion to 16 countries since Russia’s invasion of Ukraine. Not all committed funds have been lent out yet, with the IMF recording $135 billion of outstanding loans, up 45 percent from 2019 and more than double the amount in 2017.

Former IMF Chief Economist Kenneth Rogoff said that while there is no big emerging-market crisis and banks have the capacity at the moment, they would be “very stretched” if countries head into more turbulent waters.

“If China were to come to the IMF needing a program, or the U.K. or some large country, suddenly, they’d be cash-strapped,” he said.

The World Bank, on the other hand, has increased its lending by 53 percent since 2019 to a record $104 billion in September.

Economists want the two banks to tighten their pockets as the possibility of a global recession will result in many countries having bouts of payment problems. A former World Bank official said the institutions need to go back to their original function, which is to be lenders of last resort.

Demands on both institutions could mount. Higher energy and food prices caused by Russia’s invasion of Ukraine have driven up costs and limited food supply in developing countries. Moreover, the Federal Reserve’s rapid interest rate increases have raised the costs of those borrowed in dollars, forcing many emerging market central banks to raise their own interest rates to limit currency depreciation and higher import prices.

Emerging markets worry about weakening currencies

Central bankers from emerging markets also said they worried that continued interest rate increases from the Fed will weaken their currencies and make them less attractive for investment.

At an event sponsored by the Institute of International Finance, Bank of Mexico Deputy Governor Irene Espinosa Cantellano said: “A lot of capital has gone to reserve currencies, and this is just the tip of the iceberg in terms of what might happen if there is a need to tighten [policy] even more rapidly.”

Meanwhile, Hungarian Central Bank Deputy Governor Barnabás Virág said policymakers have raised the base interest rate to 13 percent in an attempt to prop up the currency. This is well above the Fed’s previous policy rate of between three to 3.25 percent.

“All of us would like to know what will be the Fed reaction in the coming months because the strength of the dollar keeps the pressure on our currencies,” he added.

Emerging markets are now struggling to borrow from private lenders as their governments issue $88 billion of debt through Sept. 30 this year, which is just over half the level in the equivalent period last year and the smallest since 2015. Companies that are unable to roll over foreign debts are also at risk of bankruptcy.

More than 60 percent of low-income countries, defined as roughly 70 nations that qualified for global debt-payment suspension, are now in distress or at risk of distress as they are unable to meet their financial obligations. This is roughly double the 2015 levels, as per IMF.

“This raises the risk of a widening debt crisis in these countries – harming their people, as well as global growth and financial stability,” IMF Managing Director Kristalina Georgieva said. (Related: A GLIMPSE OF THE NEAR FUTURE: Global collapse may follow pattern of Sri Lanka economic crisis.)

This year, the world’s 73 poorest nations owe $44 billion in debt service fees to bilateral and private lenders, which is more than the amount they receive in foreign aid.

“Debt service is taking away from the resources they would have for health, education, social protection, for climate, and importantly, for growth,” said World Bank President David Malpass.

Visit GovernmentDebt.news to learn more about the problems poor economies face amid a looming global recession.

Watch Gregory Mannarino explain how the global financial system is falling apart.

This video is from the What is happening channel on Brighteon.com.

More related stories:

• IMF: Russia-Ukraine war may FUNDAMENTALLY ALTER economic, political order worldwide.
• IMF official warns Western sanctions on Russia are threatening the dollar as world’s reserve currency.
• The next Great Depression begins: Bank run in China being ignored by Western media could be precursor to massive economic collapse.

Sources include:

• WSJ.com
• Enterprise.press
• Brighteon.com
• NATURAL NEWS