We Are Headed To A Historic Collapse Of The Financial System
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses the path we are on which lead to an unprecedented failure of the current monetarty system.
Below is Fitzwilson’s exclusive piece for KWN:
“Nobody who has ever watched the Navy’s Blue Angels acrobatic team perform ever walked away with anything but admiration and amazement. The performance showcases generations of technology, courage and skills of the pilots as well as the practiced teamwork and coordination that allow them to fly such tight patterns.
The separation of the planes during the formations and acrobatics can be as little as 18 inches. Pilots are trained to focus on the planes next to them to maintain the separation. It involves complete trust in the lead plane and it’s pilot….
2013, the first steps in a chaotic “world after”
The current geopolitical dislocation, largely anticipated by LEAP/E2020 since February of 2009 (GEAB No. 32), has resulted in a global fragmentation than will accelerate over the course of next year, amidst global recession. The end of the leadership of traditional powers will bring about global chaos in 2013, with the “world after” beginning to emerge.
It will be a somber year for the United States, as it loses its status as the sole superpower and finds itself unable to influence the construction of a new global governance. For if all players are desperately seeking a way to gain the upper hand in the game, only those countries and regions prepared for the shockwaves can even hope to influence the emergence of the “world after.” Alliances of any kind (CELAC, UNASUR, MERCOSUR, ALBA, CAN, ALADI, NAFTA, OAS, AU, NEPAD, SADC, COMESA, ECOWAS, UEMOA, CEMAC, the Arab League, EU, EFTA, ASEAN, APT, EAC, BRICS, CASSH, Eurasian Union, etc.) all reflect such attempts, but they are all more or less advanced, more or less homogenous, and more or less resistant to the coming storm.
Euroland, born in the crisis and strengthening with each wave like a tidal power plant, Asia, and South America are better equipped to become the big winners in the “reshuffled” world, while the old powers, like the United States, the United Kingdom, Israel, Japan, etc., are failing to adapt to the multi-polar, post-crisis world and find themselves utterly destitute. There is an extraordinary open world game afoot, one providing numerous opportunities to those willing to seize them. This is evident in the Middle East, where populations are taking the opportunity to change the region in accordance with their aspirations; in the BRICS, where their advancing pawns approach declining powers; and in Europe, where each attack by the crisis creates the energy to adapt to the challenges of tomorrow.
More weakness in this week’s rail traffic report. The AAR reported a -0.3% reading in intermodal. This is the second consecutive negative weekly reading. This brings the 12 week moving average down to 1.3%. That’s about in-line with the consensus Q4 GDP predictions and indicative of an economy that is growing, but just slightly.
Here’s more via AAR:
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