But during the rest of Macron’s visit, which included signing a new agreement between the two countries which has received very little attention in the Western media, and Macron’s subsequent visit to the Netherlands where he delivered a speech at the Hague earlier today, outlining a new plan for Europe, we can now clearly see what was the true purpose of this trip to China. It would appear many in Europe, and especially the Rothschild family banking empire, are waking up to the fact that the US is no longer a reliable ally and does not have Europe’s best interest in mind in the conflict with Russia and the war in Ukraine.

Europe’s banks are failing, which started with Switzerland’s second largest bank that failed a few weeks ago, and wiped out pensions with bail-ins and has caused non-stop protests in France over pension reforms. This is a direct consequence of the failed policies against Russia over the Ukraine war.

The Rothschild’s banking empire is centered in France and London, and Emmanuel Macron is the Rothschild’s hand-picked man, as he is a former banking executive for the Rothschilds who became the President of France with no prior elected political office. As Macron now heads back to France, he is rallying other European countries to unify against the United States’ global dominance in order to save Europe.

The call to ditch the US dollar has intensified following US sanctions on Russia due to the Ukraine conflict that started in February 2022. The punitive measures led to overseas assets of Russia’s financial institutions being frozen and multiple major Russian banks being cut off from the SWIFT system. This was an indication for the rest of the world, including India and China, of the growing risks of the US using the dollar for its geopolitical and expansionist gains. A new arrangement is needed, and currencies such as the Chinese yuan have an opportunity to play an important role in providing such an alternative.

India and China have initiated the move to de-dollarize global trade with Russia, while Brazil is joining the party and South Africa is waiting in the wings. The initiative connects the BRICS trade dots. India has paid Russia in UAE dirhams for its crude oil purchases and saved an estimated $3.6 billion in the process.

The yuan has in recent years established itself as a major global currency that is poised to contribute to the dislodging of the dollar from its position of supremacy. The yuan is now the fifth most used currency in payments, third largest in trade settlements and fifth largest reserve currency.

The CIA chief pointed to growing ties between China and Russia, which he argued will present a “formidable challenge” for his agency for years to come. According to Burns, Beijing is “not content to only have a seat at the table; it wants to run the table,” while Russia is seeking to “upend the table altogether.”

Russia has repeatedly stated that it is open to peace talks and has blamed Kiev and its Western allies for blocking negotiations. Ukraine has placed a legal ban on any talks with Russia as it seeks to defeat its opponent on the battlefield.

“Look, we could end up in World War III over this whole thing,” Trump said in a Fox News interview that was aired on Wednesday night. He added, “I believe it is the most dangerous period of time in history – number one, because we have people on top that are incompetent. That’s number one.”

Trump also warned that nuclear weapons are the biggest threat facing the world today, and the US and Russian arsenals could cause unprecedented destruction. “All it takes is one madman, and you’re gonna have a problem the likes of which the world has never seen.”

According to the DOI, the move forms part of the Biden administration’s efforts to invest in climate change resilience for the Colorado River Basin and all the communities that rely on it. The draft report explores different alternatives to ensure continued water deliveries and hydropower production for the 40 million Americans who depend on the river system.

Two manmade reservoirs along the Utah–Arizona border, Lake Powell and Lake Mead, have dropped to dangerously low levels, threatening to reach a “dead pool” state in which water can no longer flow out of them. This would threaten the water supplies and hydropower-generated electricity of tens of millions of Americans.

“Every night I ask myself why all countries have to base their trade on the dollar. Why can’t we do trade based on our own currencies?” he said. “Who was it that decided that the dollar was the currency after the disappearance of the gold standard?”

The leftist leader went on to lament that “everyone depends on just one currency,” referring to the dollar, and proposed “a currency to finance trade relations between Brazil and China, between Brazil and other countries.” “The advantage is to avoid the straitjacket imposed by necessarily having trade operations settled in a currency of a country not involved in the transaction,” he said.

Videos show the doomsday scene after an outpouring from Shiveluch volcano in the Kamchatka region which turned the snow black. Ash rose 12 miles into the sky, said reports, with a red warning to aviation from the plume, the highest category.

An area of 41,700 square miles was blanketed in darkness, an area larger than Scotland and Wales combined. "The ash cloud extends 500 kilometres northwest of Shiveluch and is still growing," said Alexey Ozerov, director of the Institute of Volcanology and Seismology, of the Russian Academy of Sciences.

Some 57,000 people live in the volcano's hazard zone, which is spread across parts of six provinces, according to Colombia's Geological Service (CGS). The volcano's eruption in 1985 killed more than 25,000 people, the fourth-deadliest volcanic eruption in human history, leaving people buried under avalanches of earth and rock fragments.

The Nevado del Ruiz straddles the border between Colombia's Tolima and Caldas provinces. The volcano, which formed about 150,000 years ago, reaches an elevation of 17,717 feet and sits about 80 miles west of the capital city Bogotá.

The crypto market will go into a tailspin alongside stocks, the economist warned, predicting that Bitcoin will tumble 95-96% from its November 2021 high. “Bitcoin will fall from $69,000 to about three to four thousand,” he said, adding that “It’s exactly what Amazon and the dot-coms did.”

Dent points to what he sees as overlapping crises as the reason for his pessimism. The pandemic shattered the global economy in many ways, leading to job losses and reducing consumer spending. Additionally, unprecedented inflation in most wealthy countries and supply-chain disruptions have sparked serious concerns among investors and economists, forcing them to realize that “this is not a big correction — it is a major crash, one that you have not seen … in your lifetime, and the one that even the millennials will not see a bigger crash than this,” Dent added.

“I do believe that a stagflationary crisis is going to emerge this year,” he said, pointing out that the debt ratio in advanced economies was only 100% of GDP in the 1970s while currently it is 420% of GDP, in private and public debt. “So, in this case, if we have those shocks to, say, oil prices, not only do you get inflation, not only do you get recession and stagflation, but you get what I call a great stagflationary debt crisis, because with interest rates so high, then that [debt] ratio has become unsustainable,” he explained.

Dubbed ‘Doctor Doom’ by Wall Street for his dire economic predictions, Roubini suggested that all of this would force the US Federal Reserve and other central banks to keep hiking interest rates until their economies fell into recession. “I think that the Fed funds rate will have to be certainly above 6% to achieve a 2% inflation target,” he said. “But if you raise interest rates to 6% then you’re going to have a real hard landing.”

“This is a perfect analogy for where equity investors find themselves today, and quite frankly, where they've been many times over the past decade,” he added. The metaphor indicates the excessive levels that stock prices have climbed to since the start of this year. Wilson suggested the S&P 500 could tumble to 3,000 points within months, down about 26% from current levels, saying that “it’s time to head back to base camp before the next guide down in earnings.”

The grim forecast follows what many analysts have called the worst year for the stock market since the 2008 financial crisis. All three indexes tumbled in 2022 with the Dow Jones Industrial Average ending the year down 8.8% while the S&P 500 sank 19.4% and the Nasdaq Composite plunged 33.1%. The strategist has repeatedly warned that the market rally won’t last as he expects inflation to prove stickier than many other economists forecast, forcing the US Federal Reserve to hike rates in order to bring soaring prices under control.

On Friday, the UK’s five-year bonds plummeted by the most since 1992 after the government rolled out a massive tax-cut plan. Two-year US Treasuries are in the middle of the longest losing streak since at least 1976, falling for 12 straight days.

“Bottom line, all those years of central bank interest-rate suppression - poof, gone,” Peter Boockvar, chief investment officer at Bleakley Advisory Group told the media outlet. “These bonds are trading like emerging market bonds, and the biggest financial bubble in the history of bubbles, that of sovereign bonds, continues to deflate,” he explained.

The Federal Reserve Board has pursued an aggressive rate-increasing campaign to try and tame inflation, but one of the risks was always that this would further exacerbate the nation’s fiscal problems by adding to the cost of interest payments on the debt. And there is now evidence this is exactly what’s happening. In February, CBO projected that by the end of the decade, the federal government would spend more on interest payments than on defense.

“That amount of borrowing outside of a national emergency is plainly unacceptable,” MacGuineas said. “Budgeting requires tradeoffs – often painful ones that politicians don’t want to grapple with. However, that is what they were elected to do, and they should consider the needs of both current and future Americans in upcoming fiscal negotiations. We simply cannot afford to ignore our unsustainable borrowing any longer.”