byPart 1: The context of extreme financial devaluationsThe World Economic Forum is meeting in Davos this week. The top 100 firms on the world markets lost $7.2 trillion in share values in 2022. In October 2022, the IMF’s October 2022 World Economic Outlook conceded that the burst of post-Covid optimism had run its course:“Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. Global economic growth anticipated in 2023 and beyond was lower – and also much more unevenly distributed – than the levels required to outrun indebtedness experienced in most economies. + Proliferation of illicit economic activity: Global proliferation of illicit economic activities and potential violence that undermine economic advancement and growth due to organized crime or the illicit activities of businesses.

Source: Forbes January 16, 2023 06:58 UTC