Paul Joseph Watson: In case you forgot, in 2003 people were called "traitors" for opposing the invasion of Iraq.

They were accused of being "conspiracy theorists" and spreading "disinformation" for questioning the official narrative on weapons of mass destruction.

History rhymes.
@Forecast432Hz

*Ukraine and Russia have made significant progress on a tentative 15-point peace plan including a ceasefire and Russian withdrawal if Kyiv declares neutrality and accepts limits on its armed forces - FT @Forecast432Hz

*KYIV REJECTS PROPOSED NEUTRALITY IN PEACE TALKS.
That was fast... @Forecast432Hz

Meanwhile, in Asia....

*STRONG EARTHQUAKE SHAKES BUILDINGS IN CENTRAL TOKYO

*TSUNAMI WARNING 1M ISSUED FOR NORTHERN JAPAN: NHK

*JAPAN EARTHQUAKE MAGNITUDE 7.3, NHK SAYS
@Forecast432Hz

The irony...
*SCHUMER SAYS CONGRESS WILL CALL IN COMING WEEKS FOR CEOS OF OIL AND GAS COMPANIES TO TESTIFY ON ENERGY PRICE SPIKES.
@Forecast432Hz

*POWER OUTAGE IN PART OF TOKYO AFTER EARTHQUAKE - REUTERS WITNESS

*FUKUSHIMA, MIYAGI, YAMAGATA PREFECTURES WARNED FOR MORE QUAKES - NHK
@Forecast432Hz

*KREMLIN SPOKESMAN, ASKED ABOUT FT REPORT, SAYS TOO EARLY TOO DISCLOSE ANY SET OF POTENTIAL AGREEMENTS ON RESOLVING UKRAINE CONFLICT - RIA. @Forecast432Hz

*BREAKING: Reports that millions of households have lost power in parts of Japan following earthquake.

*TEPCO: MORE THAN 700,000 BUILDINGS IN TOKYO HAVE LOST POWER. @Forecast432Hz

*BIDEN TO ADDRESS ZELENSKIY SPEECH IN REMARKS TODAY; POSITION ON NO-FLY ZONE HAS NOT CHANGED - WHITE HOUSE
@Forecast432Hz

Looks like Schumann measurement systems aren’t working today... perhaps just offline. @Forecast432Hz

Absolutely Savage. @Forecast432Hz

*EUROPE’S LARGEST ENERGY TRADERS HAVE CALLED ON GOVERNMENTS AND CENTRAL BANKS TO PROVIDE “EMERGENCY” ASSISTANCE TO AVOID A CASH CRUNCH.
Hold on tight... @Forecast432Hz

*ABOUT 100 PASSENGERS ON DERAILED BULLET TRAIN IN JAPAN: KYODO

*WATER PUMPS HALTED AT FUKUSHIMA DAI-NI'S SPENT FUEL POOL: NRA

*FIRE ALARM SET OFF AT FUKUSHIMA DAIICHI NUCLEAR PLANT: NRA
@Forecast432Hz

*FT published a draft, which represents the requesting position of the Russian side. Nothing more. The Ukraine side has its own positions. The only thing we confirm at this stage is a ceasefire, withdrawal of Russian troops and security guarantees from a number of countries - Podolyak. @Forecast432Hz

*Fed Officials See Inflation of 4.3% at End of 2022; 2.7% for 2023

*Fed Officials See Core Inflation of 4.1% at End of 2022; 2.6% for 2023

*FOMC Voted 8-1 For Fed Funds Rate Action; Bullard voted for 50bps rate hike

*Most Fed Officials See As Many As Seven Rate Increases in 2022.
No surprise, already fully priced in the bond market. Spoiler alert, the bond market dictates Fed policy, the Fed simply does what they price. @Forecast432Hz

*Russia Fails To Pay Scheduled Interest On Dollar Bonds By Close Of Business In London
@Forecast432Hz

Aggressive rate projections for 2023 by the FOMC was the main highlight from the Fed Meeting. The Fed is now ahead of the market in terms of rate projections 2023 onwards, in an effort to curb inflation expectations. Whether we get to those levels in 2023 is irrelevant, the goal is to curb expectations today in order to avoid reaching those rates in 2023, which is unsustainable due to the high amount of debt in the system. @Forecast432Hz

For context, here’s the change in rate projections from the FOMC vs the previous meeting. @Forecast432Hz

The Fed is moving ahead of the curve to contain inflation, which in turn will lead to consumption contraction within 12 months.

Particularly discretionary items, the consumer is done; paychecks + lockdowns created an unsustainable boom, and now excess savings are getting depleted.

Next consumer cycle will be after we get a CAPEX boom resulting from decentralization - boosted by policy and geopolitics - bringing jobs to the west which will in turn boost wages and consumption, and restore the middle class.
@Forecast432Hz

Investment implications from current macroeconomic and Fed Policy: The Fed is tightening to curb inflation while consumer spending decelerates due to demand destruction, fading fiscal stimulus and excess savings. Expect a contraction in consumer spending within the next 12 months.

However, many asset prices are already pricing recession; Nasdaq -18% and S&P500 -11% from peak, vs -24% median during recessions. Markets are forward looking and we are closer to the bottom than we are to the top. Based on previous patterns, expect 10% additional S&P500 downside before bottoming, but acknowledge the many stocks are attractively priced at current levels for the long term.

Expect secular growth from the B2B space in the form of high tech CAPEX spending, which will likely increase as the world becomes decentralized. Beneficiaries include materials, energy, clean energy, semiconductors, cybersecurity and cloud. @Forecast432Hz