The latest GEAB N81 is out. Click here for a detailed summary.
Layout of the full article:
1. STATISTICAL « SMOG »
2. THE RISE IN INTEREST RATES AND THE COLLAPSE OF US REAL ESTATE
3. THE END OF STOCK EXCHANGE EUPHORIA?
4. POLITICAL CHAOS
5. 2014, THE CLEAR BEGINNING OF THE END OF THE OIL ERA
6. SOLUTIONS ARE ON THE MARCH
Jesse had an update on the new international currency discussion. Click here. A new currency will happen and the pressure is building quick. But what it will look like and how will it change global capital/debt markets?
Groovygirl is off the opinion, like Jesse, that a new international currency will emerge, and national currencies will stay the “same”. But gg is also of the opinion that this new system will not last very long because it will keep as much power/influence with the US. And that strain between the US and emerging markets and outlying markets will continue. This will be a short-term solution (2, 5, 10 years?). Groovygirl is also of the opinion that this new currency will not last, because it will not address the true problem: collapsing global debt.
An excellent video interview with Catherine Austin Fitts over at usawatchdog. This interview is from July 2013, but very important for 2014 and moving forward.
The European-based GEAB N 80 report is available. An extensive free summary is available here.
Whether it be the economic or political woes of the United States, Japan
and the European Union, the Russian diplomatic victories over Syria,
Armenia or the Ukraine, or Chinese ambitions in the East China Sea,
tomorrow’s powers are quickly filling the geopolitical void left by
But 2014 will experience a dramatic acceleration of this profound
trend thanks to the convergence of several factors: loss of control of
the world by the United States, the end of desperate rescue methods
(mainly quantitative easing), a new implosion of the real estate
market… Not forgetting the groundswell which is the forced reform of
the international monetary system. Using roulette is an example, until
recently there has been the phase “place your bets” during which the
players have been able to prepare and implement their strategies; we are
now rather in the phase “no more bets” where the players will soon be
able to see their profits-or losses.
Click here for Martin Armstrong’s latest blog post entitled Chinese Yuan Surpasses Euro as Number 2 Currency for Trade dated December 4, 2013.