GEAB N°32; 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation
Not to be an alarmist, but this is indeed a very bleak outlook for our economy.
Suggest, if you haven't already started, you prepare as best as possible... There are a thousand things you can do, but at a minimum: Stock up that pantry, buy a gun and know how to use it (to protect your family and that which is yours), have some cash on hand, keep that gas tank full and buy some gold and silver if you can afford it.
Personally, I feel its better to be prepared and wrong than it is to be right and unprepared... I'm even thinking about cashing out my entire 401K while I can (currently in treasuries) and taking the both the tax hit and penalty. Otherwise (I'm thinking) I may be unable to withdraw it in the future and/or it may become worthless - your thoughts on the matter?
Back in February 2006, LEAP/E2020 estimated that the global systemic crisis would unfold in 4 main structural phases: trigger, acceleration, impact and decanting phases. This process enabled us to properly anticipate events until now. However our team has now come to the conclusion that, due to the global leaders’ incapacity to fully realise the scope of the ongoing crisis (made obvious by their determination to cure the consequences rather than the causes of this crisis), the global systemic crisis will enter a fifth phase in the fourth quarter of 2009, a phase of global geopolitical dislocation.
According to LEAP/E2020, this new stage of the crisis will be shaped by two major processes happening in two parallel sequences:
A. Two major processes:
1. Disappearance of the financial base (Dollar & Debt) all over the world
2. Fragmentation of the interests of the global system’s big players and blocks
B. Two parallel sequences:
1. Quick disintegration of the current international system altogether
2. Strategic dislocation of big global players.
It is high time for the general population and socio-political players to get ready to face very hard times during which whole segments of our societies will be modified, temporarily disappear or even permanently vanish. For instance, the breakdown of the global monetary system we anticipated for summer 2009 will indeed entail the collapse of the US dollar (and all USD-denominated assets), but it will also induce, out of psychological contagion, a general loss of confidence in paper money altogether (these consequences give rise to a number of recommendations in this issue of the GEAB).
Link to entire article: GEAB N°32 is available! 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation