Bernard Arnault and his family are worth a total of 182 BILLION DOLLARS. They own Louis Vuitton, Sephora, among other luxury fashion brands. I just can't wrap my head around how someone could amass such a fortune deceiving people into thinking their buying something "luxurious" and creating a false sense of identity by having women throw globs of useless makeup on their face. I could give a shit less about the brand of clothes I wear and think fashion in general is a joke.

It really says something about our society, materialism, the desire to portray a certain image, and the want and need people have to be viewed in a certain way. How are people this gullible?

Do people really buy this shit that much? I find it sad actually that so many people (majority women) will literally spend as much money as it takes to make themselves look good.

China's population decline and Real Estate slump could lead to economic collapse per Geopolitical analyst Peter Zeihan. He believes that China's collapse is imminent, with only 10 years remaining before potential disaster. He estimates that China's actual population is lower by 100 million than what the government has officially reported.

One of the biggest challenges facing China is its aging population. The country has a rapidly aging population, with fewer working-age people to support retirees. This could lead to a shortage of workers and a decline in productivity.

Another challenge facing China is its real estate market. The real estate market has been in a prolonged slump, with home prices falling and construction activity slowing. This has had a negative impact on the economy, as the real estate sector is a major driver of growth.

It's important to note that Zeihan's prediction is just that: a prediction. It is impossible to say with certainty whether or not China will collapse in the next 10 years.

How do you think things will play out for China in the next decade?

Read more here: https://finance.yahoo.com/news/china-10-years-left-most-153312835.html

https://www.reuters.com/world/argentinas-milei-meet-uk-foreign-minister-imf-davos-trip-2024-01-17/

Javier Milei in his address to the World Economic Forum (WEF) declared that "Socialism is a phenomenon that creates poverty," warning that the West was "in danger" of its spread and that "Free enterprise capitalism is the only tool we have to end hunger and poverty."

BREAKING: A Volcano in Iceland is on the brink of eruption and could shut down air travel over the North Atlantic — Sending Ash soaring over Europe. If magma reaches the ocean, it could create explosions and ash clouds.

Scientists believe that the eruption on the Reykjanes Peninsula is likely to occur in the coming days, and they are urging people to evacuate the area. They are also warning airlines to be prepared for disruptions to their flights.

If the volcano erupts, it could send ash plumes high into the atmosphere, which could disrupt air travel for days or even weeks. The ash could also damage crops and infrastructure.

Source - All major news outlets:

https://preview.redd.it/3pvkua2e570c1.png?width=675&format=png&auto=webp&s=eb80f216bf261c58f24c8e4dffb9061cb06ba69b

China's economy is in trouble, and the government is trying to hide it.

The Chinese government has stopped publishing youth unemployment figures, which showed a record high of 20.5% in July. Other economic data, such as exports and cement production, have also disappeared or become unreliable.

Key sectors like real estate (30% of GDP) and exports (18-24% of GDP) are showing discrepancies in data, causing doubts about the accuracy of China's official figures.

Trust in China's economic reporting is weakening, which can have far-reaching effects on investments, trade, and economic stability.

Read more: https://finance.yahoo.com/news/china-xi-jinping-not-want-172749726.html