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SYSTEMIC CRISIS 2013: WITH RECORD STOCK EXCHANGE HIGHS, THE PLANET’S IMMINENT PLUNGE INTO RECESSION

by 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. [...]

Global Systemic Crisis: The War Has Been Declared Between The Economic-Political World And Financial Banking Interests

by leap2020.eu

Last minute comments

After the deadline for this GEAB number last Saturday evening, our team has closely watched the unusual coincidence of all the market indicators’ collapsing: European, American and Asian stock exchanges, raw materials… and even and especially gold. Unfortunately we don’t have time to expand on this event but, anyway, we interpret it in line with everything we have written in this number. But where this number describes things [...]

Secret FDIC Plan to Loot Bank Accounts

By Stephen Lendman
April 09, 2013

It shouldn’t surprise. It’s already policy. Market analyst Graham Summers explained. Depositor theft is coming. Europe is banker occupied territory. So is America.

Finance is a new form of warfare. It’s more powerful than standing armies. Banking giants run things. Money power has final say.Ordinary people are impoverished. Even their bank accounts aren’t safe.

Cypriot officials agreed to tax them. Canada, New Zealand, and Euroland member states plan [...]

Nowhere to Hide: Did Doctor Doom Marc Faber Just Abandon Gold?

Mac Slavo
March 28th, 2013
SHTFplan.com

 

Well known economist and publisher of the Gloom, Boom and Doom Report, Doctor Marc Faber, raised eyebrows this morning when the long-time proponent of being your own central bank was quoted by Bloomberg as saying that the coming crisis will be so severe that you won’t even be able to hide in gold.

So we are creating bubbles and bubbles and bubbles. This bubble will come to an end. My concern [...]

CANADA Sees An Potential Systemic Crisis In 2013; JIM GRANT: Cyprus Fired A Warning Shot Across The Globe; MARC FABER: Not Even Gold Will Be Able To Save You From What Is Coming

CANADA INCLUDES BAIL-IN PROVISION FOR SYSTEMICALLY IMPORTANT BANKS IN 2013 BUDGET!

*BREAKING SD ALERT

Just as DieselBOOM accidentally admitted Monday, it appears that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone!

SD has been alerted to an alarming provision that has been buried deep inside the official 2013 Canadian Budget.

Titled ECONOMIC ACTION [...]

LSE’s De Grauwe: Euro area in ‘deep trouble’

Paul De Grauwe, a professor at the London School of Economics, told Tom Keene on “Bloomberg Surveillance” today that the euro area is at risk because “so many big mistakes have been made.”
De Grauwe went on to say that the “ineptitude of policy makers” allowed Cyprus to “degenerate into systemic crisis” and that European leaders should not allow Russia to take over gas in Cypriot waters as it would allow [...]

Global systemic crisis 2013: The Huge Statistical Fog makes it necessary to change from instruments to visual navigation – Traps, benchmarks and templates

leap2020.eu / – Public announcement GEAB N°73 (March 16, 2013) -

In the Up & Down trends published in the GEAB January issue, our team wrote the following in the Down section “Economic indicators”: « Between short-term economic indicators which describe only what occurred in the week, others which are manipulated by governments to reflect the message they want to give, and finally others which no longer have any relevance in [...]

Your Life Savings At Stake: We Are Witnessing The Last Days of The Petrodollar, The Key Element of US Domination And Many Dr. Dooms Predict New 2008 Crash, And A Long Bear Market At The Very Least

Are You About to Lose Your Savings in the Currency War?

It’s a war – fiat currency against fiat currency in a multi-trillion dollar knock-down drag out between the world’s central bankers. At stake is nothing less than the value of your life savings. Its goal is to cheapen worldwide currencies-which could…

Global systemic crisis – Second half of 2013: The reality or the anticipation of the Dollar collapse obliges the world [...]

Gold Backed Bonds – An Alternative To European Austerity?

by GoldCore

Today’s AM fix was USD 1,670.25, EUR 1,243.39, and GBP 1,058.93 per ounce.
Yesterday’s AM fix was USD 1,677.00, EUR 1,258.06, and GBP 1,059.18 per ounce.

Silver is trading at $31.55/oz, €23.54/oz and £20.04/oz. Platinum is trading at $1,689.00/oz, palladium at $723.00/oz and rhodium at $1,200/oz.

Cross Currency Table – Bloomberg

Gold dropped $17.90 or 1% in New York yesterday and closed at $1,667.70/oz. Silver slipped to a low of $31.60 and finished [...]

United States, March-June 2013 – Unpluggig the world’s sick man: last impact phase of the global systemic crisis

leap2020.eu / January 16, 2013

Until now the course of the crisis has been accurately described according to the five phases identified by our team from May 2006 (GEAB n°5) and completed in February 2009 (GEAB n°32): release, acceleration, impact, decanting and global geopolitical dislocation, the last two stages developing simultaneously. In the last issues and in particular the GEAB n°70 (December 2012), we commented extensively on the ongoing processes of the [...]

Bundesbank Repatriates Gold – Shows Importance Of Possession Or Allocated Storage

by GoldCore Gold Bullion

Today’s AM fix was USD 1,679.75, EUR 1,262.78 and GBP 1,047.55 per ounce.
Yesterday’s AM fix was USD 1,681.00, EUR 1,257.67 and GBP 1,045.92 per ounce.

Silver is trading at $31.17/oz, €23.59/oz and £19.78/oz.
Platinum is trading at $1,671.50/oz, palladium at $706.00/oz and rhodium at $1,125/oz.

Cross Currency Table – (Bloomberg)

Gold climbed $10.50 or 0.63% in New York yesterday and closed at $1,678.90/oz. Silver surged to a high of $31.382 in [...]

‘We Are In The Midst of The Keynesian Depression’: UNPRECEDENTED Central Bank Interventions Backfire As House Price Keep Raising While Wage Growth Goes Flat. Discretionary Spending Took A Notable Turn For The Worse, And American Households Hit 43-Year Low In Net Worth.

breaking

‘We Are In The Midst of The Keynesian Depression’

Five years have passed since the beginning of the Great Recession. Growth is slow, joblessness is elevated, and the knock-on effects continue to drag down the global economy. The panic in financial markets in 2008 that caused a systemic crisis and a sharp fall in asset values still weighs on markets around the world. The primary difference between today and the 1930s, when [...]

Europe Is Now Sinking Fast

The good are being dragged down by the bad

by Alasdair Macleod, Peak Prosperity:

With the Eurozone having being displaced from the financial headlines by the American presidential election, you might have briefly thought that its problems had gone away. They haven’t.

It’s just that the public is expected to absorb one major story at a time. And now that the presidential election is done and dusted, Europe is rapidly returning to the headlines. [...]

Global Systemic Crisis – Autumn 2012 – The World Geopolitical Situation Has Rapidly Deteriorated And The Global Economy Is Heading For A Major Shock

LEAP/E2020 – Global systemic crisis – Autumn 2012 – Welcome to the weeks of the big swing / Geopolitics, trigger of a big new global shock

by LEAP/E2020

For several months we have anticipated a major shock for the economy and global political stability for Autumn 2012. We are maintaining this “Red Alert” and will take stock mid-November 2012, at the same time as our annual analysis of the 2013 “risk-countries”, and on [...]

Where We Are and Where We’re Going (Week of September 17, 2012)

by Phoenix Capital Research

On Thursday last week, the US Federal Reserve announced QE 3: a program through which it will purchase $40 billion in Mortgage Backed Securities (MBS) every month going forward.

Given the close proximity of this move to the European Central Bank’s (ECB) “unlimited” bond purchasing program announced the week before, the Fed’s move should be taken as a coordinated Central Bank intervention. Thus, we have both the ECB [...]

MARC FABER: FED POLICY WILL ‘DESTROY THE WORLD’

Marc Faber, publisher of the Gloom Boom & Doom Report, told Bloomberg Television’s Betty Liu on “In the Loop” today that “the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won’t. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.

Faber said that he is “very happy. Very good for the [...]

Economic Collapse Final Warning: Global systemic crisis – September-October 2012!!!

3 to 24 months tops.

Economic Collapse Final Warning!!

 

“We cannot track 2.3 TRILLION in transactions.”
~Donald Rumsfeld

 

RED ALERT / Global systemic crisis – September-October 2012: When the trumpets of Jericho ring out seven times for the world before the crisis

leap2020.eu

The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François [...]

There is nothing Greece can do on its own to improve its situation

Something like a ping-pong has developed between Prof. Yanis Varoufakis and myself (in his blog) where he argues that there is nothing which Greece can do on its own until the EZ-structure is changed and I invariably respond that there are a lot of things which Greece could/should do on its own while others should worry about the EZ-structure.

Prof. Varoufakis’ latest blogpost focuses on the very hypothetical question whether Germany would be [...]

The euro is in “systemic crisis”

Only the protest call of 160 economists against the decisions of the recent EU summit , the sharp criticism of other economists and politicians to this criticism, and now the economic wise men: the summit € crisis decisions remain subject for discussion.

http://translate.google.at/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF

Euro doomed from start, says Jacques Delors

The euro project was flawed from the start and the current generation of European leaders has failed to address its fundamental problems, Jacques Delors, the architect of the single [...]

RED ALERT / Global systemic crisis – September-October 2012: When the trumpets of Jericho ring out seven times for the world before the crisis

leap2020.eu

The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François Hollande’s election (1) as France’s president and the Greeks have just confirmed their willingness to resolve their problems within Euroland (2) thus contradicting all the Anglo-Saxon media and Euro sceptics’ “forecasts”. From now on, Euroland (in fact [...]

FITCH: The Eurozone Is Entering The ‘Danger Zone’

Fitch is out with its Mid-Year Sovereign Review and Outlook report.

 

Titled No Getting Away from the Eurozone Crisis, the report walks through recent developments in sovereign ratings and trends that have been followed closely by the market and reported extensively in the media this year.

Right away, the report warns about Europe:

Eurozone Entering Danger Zone: The severity of the systemic crisis engulfing the eurozone intensified in Q212 and is unlikely to diminish until European leaders articulate [...]

READ ALERT! Global Systemic Crisis – September-October 2012: When The Trumpets Of Jericho Ring Out Seven Times

leap2020.eu

The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François Hollande’s election (1) as France’s president and the Greeks have just confirmed their willingness to resolve their problems within Euroland (2) thus contradicting all the Anglo-Saxon media and Euro sceptics’ “forecasts”. From now on, Euroland (in fact [...]

MUST READ: The Chart That Scares The “1%” The Most

Capitalists have been gripped by ‘systemic fear’ making them worry not about the day-to-day movements of growth, employment, and profit, but about ‘losing their grip’. An interesting recent article by the Real-World Economics Review on the Asymptotes of Power focuses on the fact that the capitalists are forced to realize that their system may not be eternal, and that it may not survive in its current form. The authors fear [...]

Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next?

by Phoenix Capital Research

 

Talk of QE and rumors of coming Central Bank Intervention pushed stocks and Gold higher on Monday. It’s odd to hear these rumors when every major Central Bank has in fact been clearly stating NO new stimulus is coming any time soon.

 

Indeed, as the Fed has proved now for eight consecutive FOMC meetings, it is not going to announce more QE unless another systemic Crisis erupts. Instead [...]

Niall Ferguson: “Greece Is The Symptom Not The Cause”

In a brief clip from a lengthier discussion between historian Niall Ferguson and ex-Greek PM George Papandreou at this week’s Zeitgeist conference, the effusive Englishman lays out perfectly what many are missing with regard to Europe: “Greece is not the problem – it is a symptom of a much more profound malaise that affects the entire monetary union.” – just as Lehman Brothers was not the ’cause’ of the US’s problems. The wasted energy [...]

JP Morgan’s Regulatory Arbitrage Of Turning Financial Loss Into Political Profit

Published on May 21, 2012 by CapitalAccount

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http://twitter.com/coveringdelta

Welcome to Capital Account. Bloomberg reports investors are worried JP Morgan is planning to pull back in the European mortgage bond market in the wake of the CIO disaster, causing significant volatility. JP Morgan is the biggest buyer of European home-loan bonds. Is this just one of many examples of how JP Morgan’s reckless 2 billion dollar trading loss may be felt most by [...]

LEAP/E2020 – Global systemic crisis – Second half of 2012

leap2020.eu

Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts.

At the same [...]

Global systemic crisis – France 2012-2014: The big republican earthquake and its international impact

Just as LEAP/E2020 has been anticipating since November 2010 (GEAB N°49), the Socialist candidate (1), in this case François Hollande, will win the 2012 French presidential election (2). There is still the question relating to the first round of this election: will Nicolas Sarkozy, the outgoing president, come out ahead or behind Marine Le Pen (it was also part of our November 2010 anticipation) (3)? Therefore, it’s time to anticipate [...]

WARNING: Europe will collapse in May-June – A Central Bank that has stuffed its balance sheet with loads of garbage debts, giving it a leverage level of 36 to 1.

By Graham Summers

Starting back in August, I began suggesting that we were approaching a Systemic Crisis/ Crash scenario in the markets.

The technical and fundamentals both supported this forecast, but I completely underestimated the degree to which the Central Banks and EU would attempt to prop up the market.

At that time, I thought it likely we’d see a Crash, which would then be met with another round of stimulus, which would [...]