- Global Europe Anticipation Bulletin (GEAB) has issued their latest dire report on the socio-economics and geo-political situation the world is in. The situation is not improving. The cracks have been papered over and problems exacerbated. The risk of a US sovereign debt default increases by the day. The EU also faces possible default by its member states. All these will no doubt end in a global monetary crisis and a flight towards real money: Gold! GEAB reports:
Spring 2010 – A new tipping point of the global systemic crisis: When the slip knot around public deficits is going to strangle Western states and their social security systems.
LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009 (1), and that the size of budget deficits preclude any significant new expenditures.
If this public deficit « slip knot » which governments gladly placed around their necks in 2009, refusing to make the financial system pay for mistakes (2) is going to weigh heavily on all public expenditure, it is going to particularly affect the social security systems of the rich countries in always impoverishing the middle classes and the retired, and setting the poorest adrift (3).
At the same time, the general context of the bankruptcy of an increasing number of states and other authorities (regions, provinces, federal states) will entail a double paradoxical event of increasing interest rates and the flight out of currencies towards gold. In the absence of an organised alternative to a weakening US Dollar and in order to find an alternative to the loss in value of treasury bonds (in particular US ones) all central banks will have, in part, to « reconvert to gold », the old enemy of the US Federal Reserve, without being able to state the fact officially. The bet on recovery having been, at this point, totally lost by governments and central banks (4), this Spring 2010 tipping point is thus going to represent the beginning of the huge transfer of 20,000 billion USD of « ghost assets » (5) in the direction of the social security systems of the countries which have accumulated them.
Reality quickly fuelled GEAB N°39’s anticipation which indicated that 2010 would be a year noted for three trends, one of which would be state bankruptcy (7): from Dubai to Greece, via more and more worrying reports from the rating agencies on US and British debt, or the draconian Irish budget and the Eurozone suggestions for grappling with public deficits, states’ increasing incapacity to manage their debts is making press headlines. However at the centre of this press ferment, all the information isn’t of the same value: certain are no more than laborious works on the « finger » of the Chinese proverb (8), whilst others really stretch to the moon.
Greek debt crisis: A small problem for Frankfurt and a strong warning for Washington and London
Coming now to Greece, we find a theme similar to what our team showed up in the GEAB N°33 in March 2009, when the press gave widespread publicity to the idea that Eastern Europe was going to lead the European banking system and the Euro into a major crisis. We have explained that this « news » was not based on anything credible and that it was only « a deliberate attempt on the part of Wall Street and the City to create the belief of a crack in the EU and instill the idea of « deadly » risk weighing on the Eurozone, in continually publishing false stories on the « banking risk from Eastern Europe » and trying to stigmatise a Eurozone cowardness compared to American or British « willful » measures. One of the objectives is also to try and turn international attention away from the increasing financial problems in New York and London, all with the purpose of weakening the European position on the eve of the G20 summit ».
The Greek case is rather the same. Not that there isn’t a crisis in Greek public finances (that is the reality), but the supposed consequences for the Eurozone are overestimated, whereas this crisis indicates increasing tensions surrounding sovereign debt, the Achilles heel of the United States and Great Britain (9).
First of all, one must remember that Greece remains the country above all others, which badly managed its EU accession. Since 1982, different Greek governments have done nothing but use the EU as an inexhaustible source of subsidies, without ever taking steps to modernise the financial and social framework of the country. With nearly 3% of GDP coming directly from Brussels in 2008 (10), Greece is indeed a country which has been on a European drip-feed for almost thirty years. The actual deterioration in the country’s public finances is, then, only another step in this drawn-out development. The Eurozone leaders have known for a long time that the Greek problem would materialise one day.
But with a country producing 2.5% of the Eurozone’s GDP (and 1.9% of the EU’s) we are far from a dangerous situation weighing on the single European currency and the Eurozone. By way of example, the California’s default (12% of US GDP) entails far more risks of destablisation of the Dollar and the American economy. Moreover, since the same analysts usually like to make lists of all the Eurozone countries facing up to a serious crisis in their public finances (Spain, Ireland, Portugal, to which we can add France and Germany), for the sake of completeness it should be pointed out that in the United States, besides the fact that the Federal State would be technically bankrupt (11) if the Fed weren’t printing Dollars in unlimited quantities for the purpose of buying, directly or indirectly, Treasury Bonds for an equal value, and besides California (the richest state in the Union teetering on the edge of the abyss for months), there are altogether 48 States out of 50 with growing budget deficits now (12). As summed up by the title of the December 14th edition of Stateline, an American website specialising in the US States and municipalities, said « Nightmare scenarios haunt the States », all the states of the United States are afraid of defaulting on their debt in 2010/2011.
The Eurozone, which has the largest gold reserves in the world (13), also includes countries which accumulated budget surpluses until last year, a foreign trade surplus and a central bank which hasn’t turned its balance sheet into a pool of « rotten or ghost » assets (contrary to the Fed in the last 18 months). So, if the crisis in Greek public finances clearly indicates something, it is not so much Greece’s situation or a specific Eurozone problem, but a wider problem which is going to become much worse in 2010: the fact that Government bonds are now a bubble on the verge of exploding (more than 49,500 billion USD worldwide, a 45% increase in two years (14)).
To finish on Greece’s case, our team feels that the current situation is a triple positive for the Eurozone:
. it requires it to seriously consider the solidarity measures to put in place in this type of situation. The watchers are thus going to have to make a clear choice: either they treat Greece as an isolated example, or they treat it as a component of the Eurozone. But they can’t do both at once, adding the weakness of an isolated Greece to a weakened Eurozone caused by Greece.
. it requires, at last, the Greek authorities to carry out an operation of « Truth » on the financial state of their country and allows the EU to push forward the necessary reforms, notably to substantially reduce endemic corruption and cronyism (18).
. it should serve as an example to European governments (and others) who fudge economic and social statistics more and more, demonstrating that such fudging only results in plunging a country into crisis even more. Sadly, we are more doubtful on the idea that other leaders will follow the Greek Prime Minister’s example… certainly not before a change of government in Great Britain, the United States, France, or Germany.
- Is the world headed towards another world war? I would tend to agree with this. Copenhagen is likely to collapse in failure. No agreement appears to be forthcoming. The Illuminati global elites are being dealt a crucial low to their agenda of World Government and global taxation of all citizens. I doubt they will sit back and forget about their long drawn out plans for a global fascist police state. They will go the war route much like in the past. Their machinations gave us WW1 and WW2 resulting in League of Nations and United Nations.
- The timing of this coming global war is always difficult to estimate. My earlier guesstimate was Q1 2010. However, it appears the snakes may have pushed it back till 2012, according to Lindsey Williams. Global war, famine and pandemics are being prepared and activated. This coming war is a war by the Illuminati elite against the sheeple. Unfortunately, the sheeple are asleep and will no doubt be deceived into this war. The usual lies will be spewed out to trigger this world war.
- This series of article is somewhat long and is a heavy read. Nevertheless, it gives a thorough and concise overview of the geo-political situation the world is in and how we are being setup for another world war. Here they are, click on the links:
This article is Part 3 in the Series, “The Origins of World War III.”
Part 1: An Imperial Strategy for a New World Order: The Origins of World War III
Part 2: Colour-Coded Revolutions and the Origins of World War III
The continuation of the Cold War stances of the West versus the East remain and are exacerbated, in what can be referred to as a “New Cold War.” At the same time, global regional conflicts continue to be waged and expanded, be it in the Middle East, Central Africa or Central Asia, with coups and regime change being furthered in Eastern Europe, South America and across the globe. However, these two major global issues: regional wars and conflict and the New Cold War, are not separate, but inherently linked. An exacerbation of conflict, in any and all regions, will only serve to strengthen the political-strategic conflict between the US-NATO alliance and the Russia-China alliance.
All that is required for a new major world war is just one spark: whether it comes in the form of a war between Pakistan and India, or a military strike on Iran, in which case China and Russia would not sit idly by as they did with Iraq. A strike on Iran, particularly with nuclear missiles, as is proposed, would result in World War III. So why does strategy on the part of the US and NATO continue to push in this direction?
New World War would be a global war waged by a global ruling class against the citizens of the world, with the aim of maintaining and reshaping hierarchical society to serve their own interests. It would indeed symbolize a New World War for a New World Order. In a globalized world, all conflict has global implications; the task at hand is whether the people can realize that war is not waged against a “distant” or “foreign” enemy, but against all people of the world.
Herman Goering, Hitler’s second in command, explained the concept of war when he was standing trial at the Nuremberg Trials for war crimes, when he stated, “Why, of course, the people don’t want war,” and that, “Naturally, the common people don’t want war; neither in Russia nor in England nor in America, nor for that matter in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship.” When Goering was corrected that in a democracy, “the people have some say in the matter through their elected representatives,” Goering responded:
Oh, that is all well and good, but, voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.