Global systemic crisis / 2nd half 2010: The global system’s 4 single points of failure (LEAP/E2020)

[Tace]

Public announcement GEAB N°46 (June 16, 2010) -- Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes.

For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical dislocation, characterized by an acceleration in the process of strategic, financial, economic and social convulsions centered on four single points of failure (1) of the international system analyzed in this GEAB issue. The general context is that which has been outlined in previous GEAB reports, that’s to say a recovery (continuation) … of the world economic crisis after a temporary freeze due to stimulation measures. But before entering into the detail of these anticipations on the unfolding of the economic and financial crisis in the second half of 2010, let’s take note that the beginning of June 2010 provides two particularly striking examples of the accelerated collapse of the global system of these past decades: one in terms of global economic governance, the other concerning the ability of the United States to control its own allies (see GEAB N°46).

Having put recent events, symptomatic of the acceleration of world geopolitical dislocation, into perspective, the four individual points of failure in the second half of 2010 (2), according to LEAP/E2020, are as follows:

• Western public debt: when insolvency becomes intolerable

• European austerity: when contextual growth is abandoned in favour of structural stablility

• Chinese inflation: when China is going to begin to export its inflation

• US contraction: from hidden mass austerity to imposed Federal austerity

Each one will be affected by a major shock during the course of the second half of 2010, leading to a sectorial, regional or global crisis.

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[Turbineguy]

1. And all of it is

Obama's fault. Be sure and elect republicans in November!:puke:

[Tace]

2. I Get The Feeling That This Is Bigger Than Anyone

While Obama may have chosen to deal with things differently, the causes of this ongoing global financial crisis were set long before he was elected.