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GLOBAL SYSTEMIC CRISIS Press clippings
Bernanke: Deficit reduction must be top priorityMarket Watch
VIDEO - Merkel's euro sales pitch in ChinaDer Spiegel
Getting back to the gold standardMarket Watch
'Gasland' Film Director Arrested at US Capitol HearingCommon Dreams
Les serveurs web migrent vers le froidLibération
American Airlines may cut up to 15,000 jobsBottom Line
Le marché automobile s'est effondré de 20,7% en janvierYahoo/Reuters
Europe Seeks Space Cooperation With ChinaDer Spiegel
NYSE and Deutsche Borse Plan to Call Off MergerNew York Times
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GEAB N°11 - Contents- Published on January 16, 2007 -Impact phase of the Global Systemic Crisis: Six aspects of America’s « Very Great Depression »
The year 2007 will witness the sliding of the US into the « Very Great Depression », i.e., the rare historical conjunction of a severe economic depression, a strategic collapse and a major political and social internal crisis, at the centre of the phase of impact of the global systemic crisis. Housing crisis, financial crisis, economic crisis, trade war, military escalation and political crisis are the six aspects described in this edition of GEAB...
Read public announcement The slide into recession provokes a « Fog of Statistics » used to raise doubts about whether or not the Titanic is sinking
The passage from 2006 to 2007 perfectly has illustrated the global systemic crisis’ stepping into a phase of impact, as anticipated by LEAP/E2020. Just like in any change, the passage by zero is characterized by a « fog of statistics » where indicators point in opposite directions and measurements provide contradictory results, with margins of error sometimes wider than the measurement itself...
Read public announcement Negative personal saving rates and declining home prices on a national scale: Two major US economic indicators hit lowest level since the 1930 crisis
When at the beginning of 2006 the US Federal Reserve and the whole of the financial and economic players and media were negating the existence of a real estate bubble (and formally rejected any risk of crisis in this sector), the collapse of prices had in fact already begun leading the US housing market to its most severe crisis since the 1930s (analysts now refer to the « 2007 housing depression ») characterized by a yearly decline in home prices throughout the entire US territory...
Read public announcement « Roller coaster » US interest rates in 2007
As early as Spring 2007, the Fed will be confronted to the political necessity of reviving by any means a US economy about to slide from recession to depression, knowing that the dollar weakness prevents from taking any radical measure such as dropping interest rates (assured to result in a collapse of the US currency, now solely supported by interest rates)...
Subscribe The US financial sector has already entered bankruptcy: Today Ownit, Mortgage USA Lenders,… tomorrow Ameriquest, Wells Fargo, HSBC Finances?
While these days big international players boast about the extraordinary health of international finances and about the record-profit margins made by hedge funds and private banks, the first mortgage lenders file for bankruptcy...
Subscribe Middle East: To conceal its failure in Iraq, the Bush administration is preparing a Shiite-Sunni intra-Muslim war, while Israel gets ready to launch tactical nuclear weapons on Iran’s nuclear programme
The approaching 2008 presidential election will radicalize the two camps starting in spring 2007. Pro-Israeli Democrats on the one hand and a pro-Zionist Bush administration on the other hand will result in placing the Israelo-Iranian crisis on Washington’s agenda sometimes in the next three months...
Read public announcement China and Russia’s move to drive the US out of central Asia and to accelerate the dollar fall
It is probably in the prospect of the large diplomatic crisis that will go along the internationalization of the Iraqi conflict (at stake in fact under cover of « intra-religiosity ») in spring 2007, that Russia and China recently inflicted a major diplomatic snub to the US by vetoing a resolution proposed by the US demanding from Myanmar to set up a process of democratic transition...
Subscribe Emerging markets, mortgage risk: In 2007, risk is back in financial markets… and it will be a heavy bill after many careless years
As markets keep on pretending they can ignore risk because they always discover new protective « martingales » (LEAP/E2020 previously described that in the field of subprime loans this claim is about to be shattered), the 2007 « Very Great Depression » revives the notion of « country financial risks ». Indeed the weakening of US diplomatic power will result in a renewal of national practices diverging from international markets’ « expectations »...
Subscribe Burst of Europe’s real estate bubble: Spain comes first soon followed by France and UK (an average of - 10% in 2007)LEAP/E2020’s counsels to cross over the « 2007 Very Great Depression »: Europe’s real estate, US industry, commodities and currenciesGlobalEurometre - Results and analysisMardi 16 Janvier 2007
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GEAB N°61 - Contents- Published on January 16, 2012 -
Global systemic crisis - 2012: The year of the world’s great geopolitical swing
This GEAB issue makes it six years that the LEAP/ E2020 team have shared their anticipations with their subscribers and readers of their public briefing on the development of the global systemic crisis each month. And, for the first time, in the January issue which presents a summary of our anticipations for the year to come, our team anticipates a year which will not result solely in a worsening of the world crisis but which will also be characterized by the emergence of the first constructive elements of the “world after the crisis”… (page 2) Read public announcement USA 2012: on the way towards the tragedy of QE3 Today, US financial policy is confronted by the sovereign debt crisis of which it will be the ultimate victim in 2012. As LEAP/E2020 anticipated, the 2011 European debt detonator has truly ignited the 2012 American sovereign debt bomb, even if the media coverage desperately tries to make us believe the opposite. The massive sale of US Treasury Bills by the planet’s major central banks in the second half-year 2011 perfectly illustrates this situation incidentally… (page 7) Subscribe ANTICIPATIONS 2012 - ‘20-UP AND 15-DOWN’, THIRTY FIVE KEY TRENDS FOR 2012 Up or Down? The United States' political paralysis; The City and Wall Street ; The rise in interest rates; The forfeiting of value to Wall Street and the City; The value of Chinese reserves; The Pound Sterling (and Gilts); Euroland as new European sovereign; The USA-China “little cold war”; Italy; The importance of the US Dollar in world trade transactions; Rating agencies; The “great European public borrowing” (GEPB); MerkHollMont; Ron Paul; The number, size and influence of Western banks; The continuation of gold’s return in the international monetary system; Recessflation; Sarkozy, Cameron, Netanyahu and Medvedev; The BRICS maturing as a pro-active world player; Turkey’s exit from the Western camp; The Tobin Eurotax; Secular and pro-Western forces in the Muslim world; Growth; The usefulness of the G20; Lawsuits against those managing banks and hedge funds; The splitting of the world monetary system into three zones: Dollar, Euro, Yuan; The widespread downgrade of Western public debt; Peoples' anger; The Euro crisis; The EU as the principal incarnation of Europe; QE3 as the ultimate weapon for saving the US economy; The US’ capacity for military intervention; The West as a community of relevance and values; Scottish independence; Le détroit d'Ormuz et un nouveau contexte de crise au Moyen-Orient ; L'indépendance de l'Ecosse; The Straits of Hormuz and a new context of the Middle East crisis (page 19) (page 19) Subscribe The GlobalEurometre - Results & Analyses We are seeing a strengthening in the majority considering that common European solutions to the crisis are more effective than national ones (80% in January versus 77% in December)… (page 33) Subscribe
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GEAB N°61 - Contents