World News Roundup for April 2024

01.04.2024
 EU Farmer Protests Underscore Western Production Woes
 

The European Union has instituted draconian measures to pivot to new green technologies and energy in recent years. However, what started as an ambitious plan to revamp decaying EU economies after Pandemic and the Financial Crisis, morphed into a policy of permissive attrition under the NATO-Ukraine conflict. EU farners have been battling to survive now that energy prices have skyrocketed under EU/NATO bloc sanctions against Moscow and carta blanche entry for Ukrainian grain in the Eurozone. 

Euronews reports protests, demonstrations and blocades from Poland to France, the Netherlands, Germany and beyond. Farmers are not able to sell their produce at a profit. Many are stuck with bumper crops and massive surpluses in dairy and grain.

Much like the USA, the EU has very few alternatives, as it villifies former trading nations. Even the US is not immune. Both the current democratic and past republican presidenrial administrations' foreign policies have scared away potential buyers, leaving American farmers high and dry. Currently the USTR is trying to force Mexico to buy its GMO corn after the nation banned genetically modified corn feom theUS for human consumption, Reuters news reports.

But these challenges matter because the US has consistently lost dairy, grain, and meat contracts worth millions in the past years. While the US Stock market and crypto exchanges continue to post impressive gains, the story on the ground in real-time is abismal and bleak.

US Aviation Failures Mount as Crashes Intensify

Four Apache helicopters have crashed in just two months according to a March 2024 report by the EurAsian Times. The helicopters like many of the other Beoing-made fighter jets and military aircraft have been crashing at an alarming rate. Recently there were near Fort Carson Colorado on a routine training exercise in late March 2024.

Despite injuries, there were no casualties. However US aircraft have experienced multiple failures in the US and its allied countries like Japan and Korea. In 2023, Israel grounded its entire fleet of US fighter jets to investigate rampant issues. The AH-64(E/D) helicooter has been one of the US' most problematic models involved in recent crashes. In Mississippi, pilots were not as fortunate with an AH-64D claiming the lives of two onboard

UK/EU Intensify Push to Reroute Vulnerable MENA Region and Sub-Saharan Asylees.

The EU, France and the UK continue to push for strict refugee policies. Many of these rules unfairly target African and MENA region redugees fleeing instability and war. Western Europe has been on a blitzerig to push out desperate asylees through a bevy of pacts and agreements with African and MENA region states to keep them out.

The EU has made deals with Egypt, Libya, Mauritania, Morocco among others to keep Asylees from their shores. Just recently the European Union promised Mauritania $227 million dollars to stop EU-bound refugees, according to an Al-Jazeera report.

Also, the UK continues to push for a deal to shunt vulnerable refugees into the dangerous Lake Kivu region where an ongoing genocide is playing out with thousands dead. At the end of 2023, 1.6 million were displaced and there have been 200 attacks against residents since the start of 2024 alone, the Norwegian Refugee Council reports. The efforts to push out refugees has been brewing in Western Europe for nearly a decade underscored by a variety of pacts, including the Libya Emergency Transit Mechanism (ETM) that shuttles refugees that could not reach Europe, down into the violent Lake Kivu region. While the UK supreme court has rejected these plans and questioned their legality in international law, the UK and EU continue to push draconian measures that threaten vulnerable MENA and Sub-saharan refugees seeking asylum.

PwC Accounting Firm for Evergrand Under

 Investigationfor Questionable Accounting Practices
Recently in January, China posted its 2023 Q4 growth at 5.2 percent, Foreign policy reports. Political and economic pundits have been beariah on the Sino nation, following its pivot in real estate, supply chain challenges and headwinds from US and EU policy tamping down on its growth.

Most noteable has been the demise of Evergrande, Beijings largest real estate developer. However, it may be that the fall of Evergrand may be due in large part to the kind of accounting that precipitated the economic crisis. Currently, the United States big-four PwC Accounting House is under investigation for overvaluing Evergrande earnings in an Enron-esque scheme to leverage assets. Could it be that a singular US accounting firm is to blame for creating yet another bubble in Asia? A bubble similar to the late 1990s Asian Miracle bubble that toppled several economies. Is the bubble economy indicative of US accounting practices, banking methodologies or malicious economic investments strategies that act as Robin Hood-like investor cohorts bent on cutting growing economies down to size?

Geochange is on TikTok @geochangeworld

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