MENA
Taqa Probability No.1 (Bullish View)ADX:TAQA
A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5).
As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.
MENA takeover: IntroductionEurope (and NA and JP) have been ruling the world for 700 years, ever since Fibonacci brought back the number 0 and created finance.
Gunpowder helped too. Europe domination really went exponential once the stock market put people with money in relation with people with ideas, especially in UK.
Before that the arabs ruled the world for a few centuries, so MENA, before that the romans (and greeks a bit) so europe, before that the carthaginians I think? so mena, before that it alternated between Egypt, the Iraq region, Turkey, Iran (persians)...
India and China have always been big but actually so big they just do their thing. They're a planet by themselves I guess.
Mongols conquered the world so there is that too but otherwise the military + economic + standard of living + science domination has been alternating between europe and mena.
And Europe time is running out... (This includes NA). The end of an era is happening...
People trying to sound smart are saying china (and sometimes india too) will take over but I doubt it. They just do their thing, they always have.
I do not think it is highly probably. Ye sure their gdp probably keeps going up but their culture etc won't dominate. They could go into complete isolation (again).
Do they even need the outside world that much tbh xd
ps: poor hong kong. rip.
This is just an intro, there are plenty of reasons that show us what is happening (including inflation and all that scammy nonsense).
1 thing I really like is "biohistory" it's a new subject they have a couple of videos on youtube I recommend watching them.
North Africa has seen the arab revolutions about 10 years ago, so they have started leaving the middle ages (finally).
It takes time but... In the 70s the shah of Iran turned the country from middle ages into a regional superpower (some say he got too ambitious and this is why the US didn't help him and even helped the islamists take over).
So it can go pretty fast.
And it doesn't take that much! That region including non listed countries has a GDP of 3 trillion. Their economy (per capita) could triple, it's not crazy (didn't it already triple the past few decades?) their population triples, and bam in 30 years you got a GDP of 27 Trillion, while NA EU JP stagnate or even decline.
The MENA region on their side also has oil, natgas, fertilizers, and idk what else, that are only going to go up in value.
This can help support 500 years of world domination. Europe dominated the world for less reasons than this.
Anyway, the gap between developped world and the rest (except sub saharan africa, they are rekt) will tighten I can guarentee this.
The US have just declared sending troops to Saudi Arabia to deal with Iran...
With the coming UBER depression, likes of which you have never seen, the US won't be able to keep the region tamed.
Pay attention to this:
"During the two decades before 1975 per capita income in Iran grew faster than in Turkey and kept pace with Korea. By 1975 the level of per capita GDP in Iran was more than double those attended in Korea and Turkey. However, since the late 1970s income per head in Iran has witnessed a rapid decline. . . By 1990, GDP per capita in Iran had declined by half, almost down to the levels prevalent in the early 1960s and falling behind Turkey and Korea."
Double digit growth.
The 15 years before 1975 were called the "white revolution" led by Iran shah, and 1978/1979 (when the decline started) was when the shah had to quit the country and the religious "supreme leaders" took over.
This is very long term (several decades), but when the "developped world" sees their greatest depression in history with nothing left to slow it down (rates at zero or less, inflation high already, debt insane already, QE pushed to the max, etc)... developped world economies are going to be the safest ones and the ones to recover faster.
Let me repeat, when the west depression begins, investing in a middle east country with plenty of issues and potential wars will be MUCh safer than investing in the developped world.
Great time to start looking at this region. Warren Buffet and John Templeton did not have access to double digit growth, but maybe we will.
The ones that have the vision to look at the right place while every one else is focussed on the previous opportunities. OF THE PAST.
Don't be sad because it is over. Smile because it is beginning :)