Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
2nd half of 2011: Explosion of the Western public debt bubble
07-28-2011, 09:03 PM,
Rainbow  2nd half of 2011: Explosion of the Western public debt bubble
Global systemic crisis: Second half of 2011 - European context and US catalyst - Explosion of the Western public debt bubble (full version)

- Excerpt GEAB N°50 (December 16, 201) -

In December 2010, GEAB published the following analysis:

The second half of 2011 will mark the point in time when all the world’s financial operators will finally understand that the West will not repay in full a significant portion of the loans advanced over the last two decades.

For LEAP/E2020 it is, in effect, around October 2011, due to the plunge of a large number of US cities and states into an inextricable financial situation following the end of the federal funding of their deficits, whilst Europe will face a very significant debt refinancing requirement (1), that this explosive situation will be fully revealed. Media escalation of the European crisis regarding sovereign debt of Euroland’s peripheral countries will have created the favourable context for such an explosion, of which the US “Muni” (2) market incidentally has just given a foretaste in November 2010 (as our team anticipated last June in GEAB No. 46 with a mini-crash that saw all the year’s gains go up in smoke in a few days. This time this crash (including the failure of the monoline reinsurer Ambac (3)) took place discreetly (4) since the Anglo-Saxon media machine (5) succeeded in focusing world attention on a further episode of the fantasy sitcom "The end of the Euro, or the financial remake of Swine fever" (6).

Yet the contemporaneous shocks in the United States and Europe make for a very disturbing set-up comparable, according to our team, to the "Bear Stearn; crash which preceded Lehman Brothers’ bankruptcy and the collapse of Wall Street in September 2008 by eight months. But the GEAB readers know very well that major crashes rarely make headlines in the media several months in advance, so false alarms are customary (7)!

Continue to read:

Possibly Related Threads...
Thread Author Replies Views Last Post
  ISIS / Auswitch goes public Orwell63 0 572 06-25-2014, 02:57 PM
Last Post: Orwell63
  Bitcoin crashes over 50% just one day after bold public prediction by Mike Adams o Easy Skanking 4 1,232 04-11-2013, 10:41 PM
Last Post: CharliePrime
  Technology Transfer: public subsidized R&D to privatized profits macfadden 12 2,941 11-17-2012, 07:02 AM
Last Post: fujiinn
Smile U.S. Government Stages Fake Coup To Wipe Out National Debt CharliePrime 0 697 09-26-2012, 01:14 PM
Last Post: CharliePrime
Exclamation prosecutors sell their letterhead to debt collectors in over 300 jurisdictions h3rm35 0 678 09-16-2012, 04:32 PM
Last Post: h3rm35
  CFO Study Finds 20% of US Public Companies Lie On Earnings Reports yeti 0 621 07-24-2012, 09:38 PM
Last Post: yeti
  Wall Street's Protection Racket of Covert Derivatives: JPMorgan Props Up U.S. Debt h3rm35 0 667 06-20-2012, 05:00 PM
Last Post: h3rm35
  Global Debt Crisis dioskouri 0 646 02-25-2012, 06:33 PM
Last Post: dioskouri
  October 2011: The US$ fall accelerates against the €, ¥, Ұ and R$ basket Solve et Coagula 0 483 11-10-2011, 08:23 PM
Last Post: Solve et Coagula
  British families face £5,000 bill to bail out debt-stricken Euro nations TriWooOx 1 697 09-27-2011, 07:03 PM
Last Post: Dunamis

Forum Jump:

Users browsing this thread: 1 Guest(s)