muses of the moment

July 19, 2013

Latest GEAB N 75 is out!

Filed under: Credit Derivatives, The Banking Crisis, The Financial Crisis — totallygroovygirlfriday @ 4:58 pm

Click here via Jim Sinclair’s website. Excellent summary this month.

From Jim’s site:

-end 2013, financial impact: collapse of financial markets especially in the US and Japan. Banks can no longer be saved by the states and BAIL-Ins are put in place;

-end 2013 / 2014 spreading to the real economy: The financial impasse causes / reveals a major world recession and the reduction of international trade;

-2014, social impact: The economic deterioration causes unemployment to explode, in the United States the dollar’s decline lowers the standard of living, riots mushroom everywhere;

-2014 political crisis: the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected, if not coups;

-2014-2015, international management of the crisis: together Euroland and the BRICS impose a new international monetary system and lay down the basis of new global governance;

-2015: The least affected regions have exited the crisis definitively;

-2018: It will take the United States, the United Kingdom and Japan five years to purge themselves of the crisis with, ultimately, a greatly reduced standard of living and a considerable loss of global influence (resulting from their refusal to participate in the re-casting of global governance on new bases).”

I agree totally with the steps. My timing on the final step is more 2020 than 2018 with the USA, GB and Japan taking seven years to purge the criminals that have gotten us to this point via OTC derivative frauds.

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2 Comments »

  1. The concerns outlined by GEAB are clearly justified, despite their increasingly contentious and distasteful determination to shove more EU down national throats. It’s ironic that the writers criticize the Fed for failing to learn from mistakes, since the EU seems at least as schizophrenic. We seem to be witnessing the climax of a grand debt harvest, with governments prostituted to the globalist banking complex. I agree with GroovyGirl about the frailty of the GEAB timeline and the greater likelihood that everything will take longer to unfold in recognizable stages. For all the talk of moneyprinting, inflation still isn’t really inconveniencing Main Street very much. The situation continues to worsen among weaker nations, but core countries are still largely unaffected, their citizenry largely unconcerned. Mainstream media still talks “recovery” and distracts with fluff like the Royal Baby. Can stocks continue to be driven up indefinitely? When will electorates realize the “wealth effect” is a fraud? When will manipulation fail and imbalances finally cause things to break and correct (as they should in the first place)?

    Comment by Lore — July 20, 2013 @ 5:30 am

  2. Lore,

    It will go on longer than anyone thinks it can. And it will blamed on anything but the real cause.

    gg

    Comment by totallygroovygirlfriday — July 21, 2013 @ 11:48 am


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