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Your Life Savings At Stake: We Are Witnessing The Last Days of The Petrodollar, The Key Element of US Domination And Many Dr. Dooms Predict New 2008 Crash, And A Long Bear Market At The Very Least
Are You About to Lose Your Savings in the Currency War?
It’s a war –fiat currency against fiat currency in a multi-trillion dollar knock-down drag out between the world’s central bankers. At stake is nothing less than the value of your life savings. Its goal is to cheapen worldwide currencies-which could…
Global systemic crisis – Second half of 2013: The reality or the anticipation of the Dollar collapse obliges the world to reorganize on new fundamentals
GEAB N°72: Just as the Euro crisis pushed Europe to modernize and adapt its economic and financial governance to the challenges of the 21st century, the terrible US dollar crisis will oblige the world to transform the whole of world governance structures, beginning of course with the international monetary system to calm the storm which is on the point of striking currencies.
According to our anticipations, this reorganization which will only start to become a reality with the September G20 unfortunately risks taking place in a hurry since our team envisages the first major fears over the Dollar during the March-June 2013 period.
A phrase by Antonio Gramsci (1) splendidly describes the long, dangerous transition period that we are currently living through: “The old world is dying away, and the new world struggles to come forth: now is the time of monsters”. This period will finally come to an end but the monsters are still restless.
With no surprise, one of the powerful factors which will accelerate the United States’ loss of influence in the world relates to oil. In fact we are witnessing the last days of the petrodollar, the key element of US domination. This is why we have decided to deal with the world oil problem at length in this GEAB. We are also publishing the GEAB Dollar-Index and Euro-Index to follow currency developments more reliably in the current monetary storm. Finally, as usual, we finish with the GlobalEurometre.
WSJ Editorial: G20 Nations Content with Easy Money
While the Group of 20 (G20) nations promised in their meeting over the weekend to “refrain from competitive [currency] devaluation,” that means little, according to a Wall Street Journal editorial.
The G20 communique offered a message that “countries can continue to devalue their currencies so long as they don’t explicitly say they want to devalue their currencies,” Journal editors write.
“This contradiction between economic word and deed shows the degree to which policymakers have defaulted to easy money as the engine of growth. The rest is commentary.”
Many other Dr. Dooms predict new 2008 crash, long bear market
Today, Prechter is in great company, one of many other well-known “Dr. Dooms” who have long-term visions, in a myopic world. You’ll see Prechter alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber … celebrity economist Nouriel Roubini … Nobel economist Joseph Stiglitz, author of “Freefall” … $100 billion money manager Jeremy Grantham, who says our DGP is “On the Road to Zero Growth” … Forbes columnist Gary Shilling, who sees the S&P dropping 45% to 800… historian Niall Ferguson, author of “Colossus: The Rise and Fall of The American Empire” …hedge fund genius Nassim Taleb, author of “Black Swan” … former IMF chief economist Simon Johnson, co-author of “White House Burning” and “Doomsday Cycle” … billionaire trader George Soros, who just made a billion shorting the yen … economists Carmen Reinhart and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of Financial Folly” says it all … anthropologist Jared Diamond whose “Collapse” warns us that throughout history civilizations fail because leaders fail to plan and act in time … and other “Dr.Dooms” we’re tracking.
Read more at http://investmentwatchblog.com
