The latest forecast by LEAP/2020 predicts the global economy will be ‘sucked into a black hole’ by October, that the Fed’s QE∞ will be ineffective at staving off the collapse, and that all signs indicate a massive downturn (‘without modern historical equivalent‘) in the economy is ‘dead-ahead‘.
By the end of October 2012, the global economy will be sucked into a black hole against a backdrop of world geopolitics heated white-hot. Suffice it to say that the coming weeks will, according to our team, carry the planet away in a hurricane of unprecedented crises and conflicts.
THE VERY PAINFUL END OF THE US ANAESTHETIC IS AT THE CROSSROADS OF THE SEVEN KEY FACTORS OF A DOUBLE SHOCK OF THE COMING WEEKS
Because it is indeed that. As we have underlined on many occasions in the GEAB, the United States has, since the beginning of this crisis, refused to face reality (5) by having increasing recourse to financial, monetary,… (and military) subterfuge to try and mitigate the consequences of the crisis. All this however is proving to be ineffective at the end of summer 2012, in spite of the trillions of Dollars thrown down what is proving to be a bottomless hole.
h/t Silver Doctors