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On May 16, the Global Europe Anticipation Bulletin (GEAB) headlined, "Global systemic crisis: Confirmation of a Major Alert for the second half of 2011 - Explosive fusion of world geopolitical dislocation and the global economic financial crisis," saying:
As it predicted in February 2008, GEAB again believes conditions now suggest a later in the year "explosive fusion....(a worldwide) geopolitical dislocation on the one hand and (a) global economic and financial crisis on the other."
Combined they show major economic trauma coming, extinguishing economic recovery hopes, notably in debt entrapped America, "represent(ing) the end of an era (in which the) dollar was the currency of the United States and the rest of the world's problem."
Ahead, it's becoming "the main threat weighing on the rest of the world" and America. Summer 2011 "will confirm that the Federal Reserve has lost its bet: the US economy has, in fact, never left the 'Very Great Depression which it entered in 2008 despite" massive money creation.
As a result, interest rates will rise. Government deficits will explode. Economic decline will intensify. Equity valuations will decline. The dollar will behave erratically "before suddenly losing 30% of its value" as earlier predicted.
At the same time, "Euroland," BRIC countries (Brazil, Russia, India and China) and "commodity producers will rapidly strengthen their cooperation while launching a final attempt to salvage" the remnants of Bretton Woods and a US/UK dominated world.
"(I)t's unrealistic to imagine (Obama) who has shown no major international stature so far, proving himself" statesmanlike enough to take risks ahead of the 2012 election cycle.
Under his leadership, America "is completely in dreamland. Whilst the country has reached unsustainable levels of debt, (its leaders) have made this topic an election issue."
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