GEAB N°75: Systemic Crisis 2013 – with Record Stock Exchange Highs, the Planet’s Imminent Plunge into Recession!
Global Leading Indicator (GLI), growth and acceleration. Source : Goldman Sachs.
- GEAB N°75 is available! Systemic crisis 2013: with record stock exchange highs, the planet’s imminent plunge into recession!
by http://www.leap2020.eu/
Despite a feeling of relative calm given by both the media and the American and Japanese financial markets going from record to record, the world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences. Whilst some seem dictated by desperation or last chance solutions, others on the contrary bear witness to a real adaptation to the world’s current changes. And it’s no surprise that, in the first category, we find the “powers of the world before” which no longer have any real options.
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Layout of the full article :
1. World recession in sight
2. The banks’ doubtful business
3. Tax haven all hell
4. Neo-protectionism between regional blocs
5. Emerging nations’ strategy in gold
6. The Fed’s last bullets
7. Euroland : national unity governments and the ECB to the rescue
8. High risk strategies
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This public announcement contains chapters 1, 2 and 5.
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World recession in sight
In fact several signals show that a reversal in the economic situation is imminent. Indeed the term “reversal” isn’t very fitting since the real economy has never really recovered from the 2008 shock: it is, therefore, rather a worsening which we will see.
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There is no shortage of indices for that. Europe is already in recession. Exports from China, often considered “the workshop of the world”, are falling heavily (see chart below) and the benchmark signals are contracting or slowing down dangerously (1) with, additionally, a major credit bubble (2).
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Australia, which gives a good indication of the world economy’s health due to its exposure to raw materials, is struggling (3). Consumers are also marking time. US wholesale (4) and retail sales are on the decline.
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The majority of US benchmark indices are swinging into the red, for example the Chicago PMI index (5), as well as the Goldman Sachs global index (see chart below).
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In short, a world recession is on the horizon (6). To protect themselves from its impact, the different players, beginning with the banks, use different strategies which we will now analyse.
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The bank’s doubtful businessIt goes without saying that the financial sector is hardly a model of transparency. But with JP Morgan or Bank of America which “miraculously” succeeded in not having a single day of first quarter trading losses (7), or further, JP Morgan’s gold reserves which have mysteriously emptied (8) whereas by a strange coincidence we saw a crash in the gold price in mid-April, without even mentioning the variety of manipulations effected by the top-tier banks, first and foremost JP Morgan (9) and others as well (10); these shady operations going increasingly unnoticed.
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Nevertheless, all the banks know that a new storm is on the horizon and are using all the means at their disposal (more or less legal) to shelter themselves, and anything goes, including between the banks themselves. It’s in this light that it’s necessary to look at the various banks’ amazing first quarter balance sheets making it possible to draw in investors, or at least to defer the debacle, or the mid-April crash in the gold price clearly caused by one or more of these financial institutions.
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These rough battles in the middle of a full economic upheaval will leave their mark and the weakest or most affected banks will not come through the storm undamaged, especially as the financial centres are now facing a new adversary, countries themselves.
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Retail sales in the US, 2005-2013. Source: Bloomberg.
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Andy Hoffman: Total Cartel CONTROL Over Media & Markets!
- Published on May 19, 2013
Benghazi, Department of “Justice” Fast & Furious gun running, Justice Department tapping AP Journalist’s phones, IRS targeting Patriot groups and Constitutionalists – the crimes of our literally CRIMINAL government are now obvious to all. So now’s the time the collective outrage of the American people will finally allow us to do something about it, and take our country back, right? No so fast, says Andy Hoffman. The criminal cartel remains in control of the media and the markets – and if the past 40 years are any example, the American people are likely to do more of the same, Nothing.
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The Coming Collapse, Massive Global Debt & The Bernanke FedRes!
- Coming Collapse, Massive Global Debt & The Bernanke Fed!
by www.kingworldnews.com
Today Egon von Greyerz wrote the following tremendous piece with accompanying charts. King World News is extremely pleased to share this exclusive piece with our global readers. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in his outstanding piece.
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May 17 (King World News) – As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be. The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities….
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“And Bernanke (and his successor) and fellow central bank heads will not disappoint. The only important criterion in the job description of a central bank chief is that he/she is willing and able to print whatever is necessary and in the next few years that will most likely involve printing 100s of trillions of Dollars, Euros and Yen.
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US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing!
- The endgame is a global economic, financial and currency collapse and WW3! The Anglo-American western Illuminati will not allow any nation to threaten their global currency hegemony. Out of this coming global meltdown, the Illuminists will launch their Luciferian New World Order, World Government, Global Supra-National Central Bank, One World Currency backed by gold –> ’666′!
- - US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing!
by Matthias Chang, http://www.globalresearch.ca/
US$ dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turnaround the US economy. These huge amounts of US$ toilet paper are mainly in financial markets (and in central banks) outside of the United States. A huge chunk is represented as reserves in central banks led by China and Japan.
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If truth be told, the real value of the US$ would not be more than a dime and I am being really generous here, as even toilet paper has a value.
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That the US dollar is still accepted in the financial markets (specifically by central banks) has nothing to do with it being a reserve currency, but rather that the US$ is backed/supported by the armed might and nuclear blackmail of the US Military-Industrial Complex. The nuclear blackmail of Iran is the best example following Iran’s decision to trade her crude in other currencies and gold instead of the US$ toilet paper.
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If the United States were not a military threat and a global bully that can blackmail with impunity the oil exporting countries in the Middle East, the global financial system which hinges on the US$ toilet paper would have collapsed a long time ago.
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The issue is why has the US$ not collapsed as it should have by now? When we apply common sense and logic to the state of affairs, the answer is so simple and it is staring at you.
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But, you have not been able to see the obvious because the global mass media, specifically the global financial mass media controlled mainly from London and New York, has created a smokescreen to hide the truth from you. Let’s analyse the situation in a step by step manner, and apply common sense.
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1. The US is the world’s biggest debtor. The biggest creditors are China and Japan, followed by the oil exporting countries in the Middle East. With each passing day, the value of the US$ toilet paper is worth less and less. Like I said earlier, even toilet paper has some intrinsic value. It reaches zero value when everyone has to carry a wheelbarrow of US$ to purchase anything.
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2. For the US$ toilet paper creditors, they cannot admit the fact that they have been conned by the global Too Big To Fail Banks (TBTFs) acting in concert with the FED and the Bank of England to accept US$ toilet papers. The central bankers of these countries have a reputation to preserve (not that there is in fact any reputation, for their so-called financial credibility is also part of the scam) and the political leaders that relied on them is in a bigger bind. How can the political leaders be so very stupid to trust these central bankers (who have stashed away in foreign tax havens huge US$ toilet papers as a reward for their complicity). This is the current state of affairs in plain English. They are having sleepless nights worrying if and when the citizens would wise up to this biggest con in history i.e. the promotion and acceptance of fiat currencies, the US$ being the ultimate fiat currency.
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3. The global financial elites led by the FED know that this state of affairs is to their advantage and they are exploiting it to the hilt! They also know that no country or organisation has the military resources to threaten the US to stop this global ponzi scheme which has been going on since 1945 and intensified since 1971 when President Nixon de-coupled the US$ from gold. The pound sterling is another story but, it is not relevant for the purposes of this analysis.
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4. Additionally, and as a result of the above-stated scam, countries were led to believe and to accept the false economic theory that export generated growth (GDP) should be the foundation of economic development, as the United States having limitless US$ toilet paper has the ability and the means to purchase the global exports, it being the largest consumer market in the world. In the result, the world’s factories and their workers, including those in the developed world such as France and Germany worked their butts off to be rewarded with US$ toilet paper whose value is less than the paper and ink that produce it! The financial frolic went on for more than forty years and came to an abrupt and foreseeable end in the 2008 global financial tsunami.
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“They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” - Ron Paul
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This Catastrophic Situation Is Entering The Terminal Phase!
Fiat currencies Titanic is destined for destruction!
- This Catastrophic Situation Is Entering The Terminal Phase!
by www.kingworldnews.com
Today John Embry spoke with King World News about the continued turmoil in gold and silver and what the central planners and China are up to as the gold war continues to rage. Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in his tremendous interview:
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Embry: “The violent takedown in gold and silver in April is still reverberating around the markets. Underneath today’s smash in the metals, physical demand is asserting itself and I think we have a limited shelf life for the paper control of this market.
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I firmly believe that in the end the paper gold market will be seen as one of the greatest Ponzi schemes of any era, and it will end very badly for anyone on the wrong side of the trade. But I’m more focused on the fact that downside in gold and silver is extremely limited and the upside is staggering….
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Russia’s Plan For The BRICS To Dismantle The Dollar System!
In a courageous investigation, Antony Sutton establishes tangible historical links between US capitalists and Russian communists. Drawing on State Department files, personal papers of key Wall Street figures, biographies and conventional histories, Sutton reveals: the role of Morgan banking executives in funneling illegal Bolshevik gold into the US; ..the intervention by Wall Street sources to free the Marxist revolutionary Leon Trotsky, whose aim was to topple the Russian government; the deals made by major corporations to capture the huge Russian market … and, the secret sponsoring of Communism by leading businessmen, who publicly championed free enterprise. “Wall Street and the Bolshevik Revolution” traces the foundations of Western funding of the Soviet Union. Click on image to goto the free pdf E-book !
- Both the Anglo-American western Illuminati and the Russia/China Illuminati are quite obviously controlled by the Satanic bloodlines. This battle between the west and the BRICS is simply 2 pit viper having a go at each other to see who will be top dog when the Man of Sin, the Anti-Christ is revealed. Regardless of which side wins, it is still the Luciferian New World Order –> ’666′.
- - Historically, Communism was financed, managed, supported … by the Illuminist banksters out of Wall Street. The same Synagogue of Satan controls the west and Russia/China. Russia via the Rothschild bloodline and China via the Rockefeller bloodline. The head of the snake is the British Monarchy leading the Black Nobility of Europe! The Illuminist philosophy is to own/control all sides in a major conflict!
- - Russia’s Plan For The BRICS To Dismantle The Dollar System!
by http://www.nakedcapitalism.com/
Some financial markets commentators seem to be eagerly awaiting the dollar to collapse under the weight of the Fed’s monetary expansion. The wee problem with that view is that everyone knows that the party that trashes its currency gets a nice boost to its export sector, but it’s easy for this sort of behavior to devolve into “beggar thy neighbor” competitive devaluations (witness our recent finger-shaking at Japan). And since policy-makers in the major economies are deeply devoted to our current “free trade” system, the tacit assumption has been that we might see some jockeying within the current system, but no real breaks.
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And the second major reason for the mainstream view that the dollar’s dominance is not at risk is that no other large economy wants the burden of serving as the reserve currency, which entails running trade deficits much of the time.
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Nevertheless, a lot of countries resent the dollar hegemony. This post describes one effort to supplant it.
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By Valentin Mândrăşescu, Editor of Reality Check @ The Voice of Russia. The article was edited by Wolf Richter and first published by Testosterone Pit.
The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities are priced and traded in dollars, even if most of these commodities are not produced in the US. The fact that the world’s financial system is based on the dollar allows the Federal Reserve to export inflation to other countries, while the Federal Government runs a huge deficit with impunity.
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So far, only China has been active in challenging the dollar supremacy. The internationalization of the yuan is an official priority of Chinese leaders. Currency swap agreements with major trade partners like Brazil, France, or Australia are small but important steps in the Chinese strategy. Changing the world financial system is not an easy task and certainly a very challenging undertaking for China. Now, it seems that Beijing has found an ally in the Kremlin. And there appears to be a consensus between the BRICS countries: the urgent necessity to dismantle the dollar system.
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A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document which describes the Russian strategy in the context of BRICS cooperation. The document makes for a fascinating read for anyone brave enough to plow through the dense Russian legalese. The strategy has been designed in the “inner circle” of Vladimir Putin’s team, so it is safe to assume that it represents the official view on the BRICS future.
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In Russia, politics are Byzantine; the fact that the Kremlin decided not to hide the document or leak it to a chosen few journalists, but publish it outright is a very strong signal, a very vocal angry signal directed at the US. A signal that the Western media chose to ignore.
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In the recitals section of the document, the authors point out that “there is a common desire of the BRICS partners to reform the outdated global financial and economic framework that doesn’t take into account the growing economic weight of the emerging markets.” Moreover, the Russian strategists view the BRICS as a tool to reform the way the world is being governed. Then the document hammers home its message:
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Russia assumes that, given enough political will of the leadership of the BRICS countries to advance their cooperation, this alliance can become one of the key elements of a new system for global governance, primarily in the economic and financial domains.
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Move aside New World Order! The BRICS are coming to change the world.
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The goals are clear. In the section titled “Strategic goals,” the first point on the BRICS’ agenda is the reform of the world financial system in order to make it “fairer, more stable, and more efficient.” In the later chapters, it is spelled clearly that this “reform” is actually a dismantling of the dollar system.
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It is worth noting that the place of this issue in the list of the BRICS’ priorities speaks volumes about its importance. Judging by the order of priorities, depriving the dollar of its status as the world reserve currency is more important than “preventing breaches of sovereignty” (a.k.a. the “Syrian problem”) or “expanding economic cooperation.”
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read more!
Click on image to goto online book!
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How A Criminal Syndicate Of Banks Is Raping The Gold Market !
- How A Criminal Syndicate Of Banks Is Raping The Gold Market !
by www.kingworldnews.com
Today one of the most well connected hedge fund managers in the world told King World News that a criminal syndicate of banks is raping the gold market with the cooperation of the US Federal Reserve. Outspoken Hong Kong hedge fund manager William Kaye also spoke with King World News about exactly how this is being done and who is profiting. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part III of an extraordinary written interview series which will be released today.
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Kaye: “Look at what’s happening to GLD and these other exchange traded products. The gold is being looted, and it’s being looted in a systematic way. GLD is a great example because it is by far the biggest gold ETP (exchange traded product) in the world.
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Who can deal for gold with this exchange traded product? Who can deal with the Trustee? Only ‘bankster’ banks. 15 bankster banks deal with Bank of New York Mellon who is the Trustee (of GLD), and negotiate the price based off of the London fixing, which is (also priced by) 5 bankster banks, the same crime family….
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Global Banks Massive Criminal Conspiracy In The Gold Market !
- Global Banks Massive Criminal Conspiracy In The Gold Market!
by www.kingworldnews.com
Today one of the savviest and well connected hedge fund managers in the world told King World News that global banks are involved in a criminal conspiracy in the gold market. Outspoken Hong Kong hedge fund manager William Kaye also spoke with King World News about what is really taking place behind the scenes in the war on gold. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part II of an extraordinary written interview series which will be released today.
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Kaye: “The paper gold price has been driven well down. We’re nowhere close to when gold peaked above $1,900. We’re in the low $1,400s as I speak now, Eric.
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So price has gone down, but what about volume (in gold)? Well, I can tell you that volumes in China year over year are up four to five times. I can tell you that volumes in Thailand, a similar amount (to China, up four to five times).
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Volumes in India, despite an increase in taxes, and despite the fact they are making it more difficult for average people in India to acquire gold, all of the dealers that we talk to who deal into India tell us it’s the same experience as China. It’s up four to five times….
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Egon von Greyerz: The Move To Global Hyperinflation Is Now Accelerating!
Feel fee to wipe your ass with it !
- The Move To Global Hyperinflation Is Now Accelerating!
by www.kingworldnews.com
Today Egon von Greyerz told King World News there are extremely clear signs that the move to global hyperinflation is now accelerating. Greyerz had some incredible economic numbers that illustrated the coming hyperinflation. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, had to say in this tremendous interview.
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Greyerz: “Eric, I’m looking at the disconnect in the world and it’s becoming more exacerbated. Let’s look at some examples: Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits.
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The Baltic Dry Index is around 900, and is another indicator of the disconnect. The peak of the Baltic Dry Index was around 11,000 about 5 years ago. This shows you what is really happening with global trade and economic activity….
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“The shipping index hasn’t shown any signs of an upturn in the last year. It trades about 90% lower than it was five years ago. If we look at Japan, the yen is down 30% in the last year, and the Nikkei is up 70% since November.
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As we know, government debt in Japan is 200% of GDP which is the highest in the world. Total debt in Japan is around 500% of GDP and it’s accelerating. The Japanese bond market is also a disaster and will only get worse. Eventually Japanese bonds will become worthless.
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We will all be trillionaires but can’t afford breakfast !
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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