Global Systemic Crisis: Breach of the critical threshold of global geopolitical dislocation
Excerpt from GEAB N°49
Originally published November 16, 2010
This is a small excerpt from the longer public article posted here on Quantum Pranx. This is important information that anticipates unfolding events that will impact the lives of most, if not all, of us.
AS THE LEAP/E2020 TEAM ANTICIPATED IN ITS OPEN LETTER TO THE G20 LEADERS published in the international edition of the Financial Times of 24 March 2009, on the eve of the London Summit, the question of a fundamental reform of the international monetary system is central to any attempt to solve the current crisis. But sadly, as was demonstrated again at the failure of the G20 summit in Seoul, the window of opportunity for achieving such a reform peaceably closed at the end of summer 2009 and will not open again before 2012/2013.
The world is indeed in the throes of the global geopolitical dislocation that we had announced as beginning at the end of 2009 and which can be seen, less than a year later, in the proliferation of movements, the economic woes, the fiscal deficits, the monetary disagreements, all setting the scene for major geopolitical shocks.
With the G20 summit in Seoul, which signalled to the planet in its entirety the end of US domination of the international agenda and its replacement by a generalised mood of “every man for himself”, a new phase of the crisis has begun, prompting the LEAP/E2020 team to issue a new warning.
The world is about to breach a critical threshold in this phase of global geopolitical dislocation. And as with every breach of threshold in a complex system, this will generate, as from the first quarter of 2011, a suite of non-linear phenomena: developments that do not conform to the usual rules and the traditional projections, be they economic, monetary, financial, social or political.
In this GEAB N°49, in addition to the analysis of the six main steps marking the breach of this critical threshold of the global geopolitical, our team presents numerous recommendations to help cope with the consequences of this new phase of the crisis. They address, for example the currency/interest rates/gold and precious metals group; wealth preservation and the replacement of the US dollar by another measure of net worth; the bubbles in asset classes denominated in US dollars; and the stock markets and the most vulnerable corporate categories in this phase of the crisis.
For the rest of this article, click here.
Written by aurick
21/11/2010 at 2:29 pm
Tagged with Bernanke, China, currency debasement, debt, depression, economic crisis, Federal Reserve, Financial Disaster, Financial Meltdown, Gold, Great Depression, paradigm shift, QE2, Quantitative easing, sovereign debt, sovereign default