LEAP/2020: Global Economy Will be Sucked into Black Hole in October

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‘.

www.leap2020.eu...

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.

Indeed all the signals are already on red: employment isn’t moving up, the jobs created are paid very much less than those lost (9), poverty is exploding throughout the country (10), … and the US multinationals (11) have increased announcements of falling profits for the second half of 2012 and 2013, returning to the levels of 2008/009, typical of a recession period.

Here's a red flag-



Despite all this, look at arms sales-



We have the Syrian conflict about to spill over, Israeli- Iran tensions that can go off at any moment, and the US has in recent years upped it's arms sales to be providing 85% of the world's arms!

You don't have to be an expert to understand that this increase in arms sales is in direct preparation for when tensions spill over in the middle east- Saudi Arabia, the United Arab Emirates and Oman, for warplanes and missile defense systems.

For these reasons, LEAP/E2020 maintains its June 2012 Red Alert and estimates that, 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.

I hate to be the one to say it but I hope the US gets their sh*t together or just let's the economy collapse already...then we could at least start forging forward on an improved system and future....I mean you can only kick the can down the road so far!

Originally posted by Ericthenewbie
I hate to be the one to say it but I hope the US gets their sh*t together or just let's the economy collapse already...then we could at least start forging forward on an improved system and future....I mean you can only kick the can down the road so far!

At this point, I don't believe it's possible to get our sh*t together, unless one or more of the following happens:

1. Outright, full-scale war with most of Asia and the Middle East. Not only does this drive the economy via war goods production, but it would allow us to write off the Chinese debt and would severely restrict access to Asian goods that stock the shelves in every store from Wal-Mart to Macys. We'd have to buy less, but there would still be demand for a lot of stuff, forcing US manufacturing to restart, thus creating jobs and a ripple effect through the economy similar to post WWII. This, of course, also depends heavily on the US not getting bombed into oblivion by whatever country we've decided to bomb into oblivion.

2. Hyperinflation due to some yet unknown catalyst, completely destroying the Western financial system and forcing a currency and debt reset.

3. Some as of yet unknown government initiative to write off consumer debt (credit cards, mortgages, student loans, etc.) along with massive infrastructure spending to spur consumer activity. But, this isn't really possible in the current or foreseeable political climate.

Personally, I fear we're headed for #1 if #2 doesn't get us first.

reply to post by Ericthenewbie


This is how I've been feeling a lot lately.

Either #, or get off the pot. Enough of the holding doom over our heads, let it hit us and allow us to rebuild, or don't.

reply to post by Ericthenewbie


I hate to be the one to tell you,, but its all by design!!

The greedy psychopaths that created this mess are the ones waiting in the wings to create the next system.. Problem- Reaction- Solution! all helped along by our fear ignorance and naivety!!

What happened after the recession of 1907,, world war 1.. what happened after the recession of 1929,, world war 2.. And after the recession of 2007..? it all depends how many people start thinking beyond their fears egos and insecurities... can enough of us pro-react and not react to these challenges coming our way??.. wecreate.com

Have you seen the films- The Esoteric Agenda and Ungrip on youtube??

reply to post by WHOS READY


I don't disagree with your observation regretfully, it holds a lot of truth but that doesn't negate that something has to be done.

This LEAP page... how accurate are they in fact? I'm only asking since I don't know of it and what they have projected earlier.

October is not far away, can it really turn bad that fast? I'm a bit anxious right now since I'll know in 2 weeks wether I have a job for the next two years or not.... :S

Originally posted by Daemonicon
reply to post by Ericthenewbie

 

This is how I've been feeling a lot lately.

Either #, or get off the pot. Enough of the holding doom over our heads, let it hit us and allow us to rebuild, or don't.

It's the ambiguity of it all that is most annoying, frankly. A holding pattern - just enough good and bad data to create and prolong a sense of obscurity and ambivalence.

I do find the recent open-ended QE measures from both the Fed and ECB compelling. Now look at the BOJ having to react. Does this mark the beginning of the end of the current fiat system of which we will see rapid dilution of currencies and hyper-inflation?

Without reading your OP or any other posts, just the topic listed on recently active topics....I just cracked up. I don't even have words to describe what went through my itsy bitsy mind. This was funny, a giggle slipped from my lips. I will now proceed to read through the posts and see what profound information I can gather....from a black hole.....a gobbling black hole...eating our economy but not us or our children......

reply to post by Ericthenewbie


definitely something needs to be done!.. checkout the film ungrip i mentioned, its on youtube.

we need to learn from the icelandic people!!

I said it four or five years ago, we need another depression...bring on the pain so people can get their priorities straight. No bailouts, no stimulus.

Last night on talk radio I heard the talking head say if you can make it to 2015 you will be ok. Unfortunately that was all I caught of it.

reply to post by WHOS READY


I stay around my area in Texas, but the answer I'm left with based on local observations, is sadly, no..



I've tried to speak to people for years around my community about what's going on, and how we shouldn't be fighting for "our country" when the governments interests don't represent ours as human beings.

It's almost got me into many fights. Last night, it almost happened again, and I'm still in shock how ignorant and scared pooless this guy was over my "dangerous" and "idiotic" thoughts...when all I was doing was talking over a dozen plus topics with a friend at the bar...

The majority are scared to death of the radicals, but what they forget, is a radical is but someone who gets to the root of a matter.

Although gas prices have spiked back up to summer 2008 levels. I don't see things getting worse in my area their actually improving. More jobs in my area but less paying ones still I guess it's better then nothing. Auto sales at the big 3 are up a lot. I have family in the auto industry and their doing pretty well.

In 2008 when gas hit $4 a gallon there was practically no one one the road or at the stores. It's quite different this time around everyones out shopping and driving.

I'm still skeptical as if the economy is gonna all of a sudden tank. Seem to me like the right wing is out to try and scare people.

reply to post by timetothink


I can understand the 'let it all fall down so we can sort stuff out and move on' point-of-view but there is a problem with it. The Wealthy Elite have seen this coming (if not driving it) for quite some time. During that time they have been hoarding wealth and converting alot of that into hard assets. It's no coincidence that we've seen wealth acreting to the top wealth deciles at a historically unprecedented rate in this country over the last 10+ years.

When the SHTF and everything implodes it will be the people at the bottom that will suffere disproportionately. As Mittens of the Majik Underpants said last night, 'The wealthy are doing fine in this economy'. And they'll be all set when the bottom drops out. The rest of us will be killing one another for food and fire wood.

Be careful what you wish for.

reply to post by moniesisfun


still, thats no reason to give up!..

and yes, i know exactly what your sayin unfortunately!!

but, there is still hope for a 100th monkey syndrome event!!

all as we can do is sow seeds of awareness and rock n roll!!

reply to post by WHOS READY


Yep. Back at the same bar speaking my mind.

Willing to take a fist to the face to speak my mind and hope for that spark to ignite the flame of freedom!