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Autumn 2011 shock: when $15 trillion of financial assets go up in smoke - Solve et Coagula - 06-20-2011 12:31 PM
Global systemic crisis – Last warning before the Autumn 2011 shock, when $15 trillion of financial assets go up in smoke
- Public announcement GEAB N°56-Special Summer 2011 (June 16, 2011) -
On December 15, 2010, in the GEAB N°50, LEAP/E2020 anticipated the explosion of Western government debt (1) in the second half of 2011. We were then describing a process that would start with the European government debt crisis and then set fire to the heart of the global financial system, namely US federal debt (2). And here we are with this issue at the start of the second half of 2011, with a global economy in complete disarray (3), an increasingly unstable global monetary system (4) and financial centres in desperate straits (5), all this despite the thousands of billions of public money invested to avoid precisely this type of situation. The insolvency of the global financial system, and of the Western financial system in the first place, returns again to the front of the stage after just over a year of political cosmetics aimed at burying this fundamental problem under truckloads of cash.
We estimated in 2009 that the world had about 30 trillion USD in ghost assets. Almost half went up in smoke in the six months between September 2008 and March 2009. For our team, it's now the other half’s turn, the 15 trillion USD of ghost assets remaining, purely and simply vanishing between July 2011 and January 2012. And this time, it will also involve government debt, unlike 2008/2009 where it was mostly private players who were affected. To gauge the extent of the coming shock, it is worth knowing that even US banks are starting to reduce their use of US Treasury Bonds to guarantee their transactions for fear of the increasing risks weighing on US government debt (6).
For the financial world’s players, the Autumn 2011 shock will literally be the ground giving way beneath their feet, since it’s really the foundation of the global financial system, the US Treasury Bond, which will plunge sharply (7).
Continue to read:
http://www.leap2020.eu/GEAB-N-56-Special-Summer-2011-is-available-Global-systemic-crisis-Last-warning-before-the-Autumn-2011-shock-when-15_a6679.html
RE: Autumn 2011 shock: when $15 trillion of financial assets go up in smoke - FastTadpole - 06-20-2011 07:36 PM
Yup today's Rainbow Bomb Day it seems. Lots of anti-American stuff even for SeC. I found this one to be the best of them because it had a really really big scary number (which is likely true) but even better yet a scary prediction with a date and everything - so mark your calendars and prepare your bug out gear ladies and gentlemen because "the Autumn 2011 shock will literally be the ground giving way beneath their feet".
Fear mongering at its finest.
Sure there will some transition when everyone realizes the paper they hold and the numbers in their bank account (sooner or later) are just that - numbers and paper.
Funny how BitCOiN is being pitched like mad now in most conspiracy / truther / tea party circles as our saviour an even more detached form of commerce that you even have to buy with fiat .. wtf¿