The STRAW which breaks the CAMEL'S back! When? Where? How?

We are now at the end point of 2022. Today is December 10. Soon we will be into 2023 and events could then BREAK the CAMEL'S back (meaning a major event will happen to change people's thinking/behavior). Personally, I had expected a major black swan event to happen in 2022. This is still possible but it now looks like we will enter 2023 without a major event which changes human thinking/behavior.

The general category within which I am watching/expecting major change are the following:

1. A crash of our global stock markets.

2. A major change in the escalation of the Ukraine war.

3. The adoption of a global Digital Currency by our Central Banks.

As of today, all of the above are harbingers for a major change in human thinking/behavior. My study of history reveals that economic conditions are KEY to human behavior. The last great economic event (which changed global thinking/behavior) was the Great Depression of 1929. This event changed human thinking and human behavior and then everyone wanted major change to alleviate this economic condition. The catalyst for major change was economics/finance/philosophy.

As to today, our global stock markets are holding together and no crash of these markets has happened (as yet). The computers at our Central Banks can over-ride the general trading computers so as to prevent this stock market crash (for a season). All this is likely to change soon. The BIG kahuna which I watch is housing/real estate market. If real estate values crash (as I expect in 2023) then this event will change human thinking and human behavior quickly.

The harbingers of a real estate crash are here now. Interest rates have more than doubled this past year. Affordability has crashed. It takes some time for all this to affect sales and values, however,  some declines are starting. In my area of Arizona, I am witnessing a slow-down in sales and some declines in prices. I expect this trend to magnify in 2023 and then the markets will change significantly. Our stock markets will then bow to these events in our real markets.

Once the domino's start to fall, human thinking will change quickly and behavior will create a need for politicians to ACT. Will they act to prevent dire events or will the dire events overwhelm the markets. My sense is that the dire events will overwhelm the markets. This event could 'break the camel's back' (so to speak). Another event which I watch daily is this war over in the Ukraine. This war will play out over time but it looks like some major escalation is likely soon. No compromise is happening!

The U.S. and NATO are not backing off from sending Ukraine more money and weapons. The article in the Wall Street Journal today expressed the need to continue to fund Ukraine so they can WIN this war with Russia. The article was by Boris Johnson who was the prior Prime Minister of Great Britain. He expressed the need to continue to fund and weaponize Ukraine until they WIN this war with Russia. I find this advice shockingly regressive. If the WEST continues this mindset, I would then expect a major escalation by Russia to counter this philosophy. This escalation could 'break the camel's back'!

Russia has added territory which they think is needed so as protect their security interests. Would Russia abandon this territory so that Mr. Zelenskyy can reclaim this territory for Ukraine? I don't view this as possible (as long as Putin rules over Russia). Putin thinks Russia's security interest must prevail and the added territory can not be returned. Crimea is key to the survival of Russia (militarily). The bigger issue (behind all this) is the Worldview of the WEST (this idea of a Uni-polar world system). 

Russia, China, Iran, Brazil, India, and now Saudi Arabia do not like the WEST'S philosophy and the control (domination) which the USA has over the world system. This philosophy is the major problem for Putin, Xi, and a host of other politicians. These rulers want a Multi-polar world system. Biden and the WEST want a Uni-polar world system. Who controls the SYSTEM controls the world. Russia is well aware of this! This philosophical issue is KEY to all political decision-making!

The coming Digital Currency System, which our Central Banks are promoting, is the third area which could 'break the camel's back'. Money rules over nations and if our Central Banks eliminate all paper/coin money and go to a Global Digital System (a cashless system) then this event could change the THINKING of the masses. This change would bring us the Mark of the Beast financial system and many will not want to participate in this system if it is mandated. Force will be applied so that everyone will comply with this change. I expect this 'digital' world of finance to be a major event for all voting citizens. 

This Mark of the Beast financial system (all cashless and digital) could create the final 'straw'...which breaks the back of our world Camel. So to conclude, there are three categories which I will watch going into 2023. The crash of our stock markets, the escalation of war over in the Ukraine, and the Central Bank's digital currency shenanigans. Any or all of these categories/events could BREAK the camel's back. The 'party' would then be 'over'! Listen to Willie Nelson as he sings the melody for our times!

Have a great day and watch the above events as each/all could happen in 2023. The harbingers are here now and it is unlikely that they will go away. I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com. Also, http://kingdomecon.wordpress.com.