Is There A New Global Cold War Brewing Everywhere? SaxoStrats Claims So.
Danish investment bank Saxo Bank released its annual “outrageous predictions” on Thursday, to guide global financial markets through the “revolutionary” possibilities of 2022, from ditching the green transition to a new Cold War.
SaxoStrats, the bank’s most prominent strategists, claim that “there is so much energy building up” in the global economy and society as a whole, the current system is absolutely incapable of coping with it. This will lead to a “socioeconomic revolution,” which would bring about significant changes in the way the world runs.
Space race & new Cold War
In 2022, the rise of hypersonic technology and space confrontation would boost the rivalry between the US and China. As the race for domination will be joined by other major players with advanced military technology, including Russia, India, Israel, and the EU, a new Cold War could break out on multiple fronts.
Green transition delayed
Skyrocketing commodity prices amid unrealistic deadlines for the green transition would hike inflation, forcing governments to quit their plans to normalize the climate. Environmental restrictions on new investments in oil and gas production would be eased for up to 10 years to curb the risk of social unrest amid rising food and energy prices.
Medical breakthrough to gain people extra years
Saxo Bank predicts a major breakthrough in medicine next year: scientists will create a “cocktail” of medicinal agents that regulate processes at the cellular level, extending a person's life by 25 years or more.
US democracy dies amid constitutional & economic crises
After the 2022 Senate and House of Representatives elections, parties will be opposed to confirming the vote. As a result, a new Congress won’t be formed, with Biden only in power by special order. A full-blown constitutional crisis by early 2023, and an “existential crisis” in the globe’s largest economy due to 15% inflation, unseen since World War II.
More ‘outrageous predictions’
French President Emmanuel Macron will set up an EU superfund of $3 trillion to finance defense and green transition – not from taxes, but from pension contributions. Voila.
Women investors will create an “army” to launch an attack on companies with weak gender equality, causing huge fluctuations in the companies’ share prices.
New alliances will be formed to draw the focus away from the US and China, with India joining the Arab States of the Persian Gulf and making huge profits.
Facebook will lose its position on the market amid its inability to draw in the young generation, even despite its metaverse aspirations, unless it actually attempts to buy teen-favored TikTok or Snapchat.
Lastly, traditional streaming services will plunge as musicians and consumers of digital content flock to NFT platforms.
