Saturday, March 18, 2006


STILL HOPING THEY'RE WRONG...


But a US public and private debt 18 times this year's Federal Budget?

"Nine indicators prove that the crisis is unfolding:
Nine indicators developed in this month's GlobalEurope Anticipation Bulletin No 3, which I coordinated, out of which 5 are presented in this public communication, enable LEAP/E2020 to confirm the beginning of a global systemic crisis by the end of March 2006. The recent international trends that particularly affect the international financial system, and the preoccupying trends in the US, namely as concerns the reliability of statistics on the US economy, have brought our research team to conclude that this global systemic crisis is already unfolding....

M3 is really the decisive indicator
As illustrated by most of the 5 indicators developed in the present communication, the last weeks have confirmed how decisive is the US Federal Reserve's decision to stop to publish M3 on March 23, 2006. LEAP/E2020 is now convinced that this decision anticipates a period of acceleration of money-printing by the US, concealed behind public declarations of inflation handling, that will result in the collapse of the US Dollar and in the monetarisation of the US debt (public and private), which a growing number of US experts now estimate that it will never be reimbursed considering its gigantic amount in constant growth (the US public debt now represents more than 8,000 billions dollars, i.e. about 4 times the federal budget in 2006). According to the very conservative Heritage Foundation, if we take in consideration the consequences on the budget of recent decisions made by the Bush Administration regarding health and pensions, the real debt is of 42,000 billions dollars, i.e. 18 times this year's federal budget, and 3 1/2 times the US GDP in 2005."

Japan seems to agree...

Looks like it might be time to get out of dollars...

Whole story in Newropeans Magazine

And a straw for the camel's back....

2 comments:

M Sinclair Stevens (Texas) said...

Did you know that we can now pay our taxes by credit card? Such is the current mentality.

Robert Brady said...

It's towering clouds of vapormoney, now.