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‘.
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.
So, in this GEAB issue, LEAP/E2020 sets out the list of the seven key factors of this double shock without modern historical equivalent:
The very painful end of the US anaesthetic is at the crossroads of the seven key factors of a double shock of the coming weeks
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.
The best proof is the Fed’s September 13th decision to maintain its Operation Twist programme of Treasury repurchases by adding to it an unlimited programme (in time and amount) of mortgage backed securities repurchases (40 Billion USD/per month) to try and revive the US property market and, through the latter, employment and consumption. The Fed is aware that this decision will cause a backlash and damaging consequences internationally. In fact it has been hesitating for months ahead of a new QE3 (6). But, in trying to avoid a socio-economic implosion and a stock exchange collapse on Wall Street ahead of the November 2012 elections (7) whilst trying to save its own credibility under heavy attack from the Republican camp, it chose “Psychological Easing” rather than “Quantitative Easing”.
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 (12).
As LEAP/2020′s forecasts and economic predictions have been extremely reliable, is a massive downturn in the global economy imminent, and is this what forced both the ECB and the Fed’s hands in announcing QE∞ last week?
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So painting the fence and washing my car probably won’t be a good use of my time. What’s next.
Since it has to happen, I would prefer that it happen in time to take down Obama.
Wax on, wax off!
AGXIIK, wash the car….something about a clean car just makes you feel better. Somehow, I don’t expect life to be too different from now to the end of October. Anyone know of any websites that tell us how everything will be fine?
Reuters made an attempt at least
What flavor of cool-aid is this idiot drinking? We’re better off now than when Obummer took office???? Yesh!
Check out this guy. I like his perspective.
http://www.dis-infowars.com/
A clown of another color. He continues the left – right, black – white, liberal – conservative paradigm.
Really? How so.
His tone and manner are denigrating. If he intended to provide evidence to the contrary, then did so in a non judgmental manner, he would be presenting alternatives. However, he rates some of the speakers on a negative scale but not all of them, only those he disagrees with or can ridicule. If you agree with his points then he is a great guy and will attract like minded followers. Since his views are mainly opposite of the naysayers he only offers an opposite, extreme viewpoint. Hence the left vs. the right paradigm.
IMHO I have always thought this October was going to be a pivotal month.
Maybe it will coincide with that NC girl’s birthday I left in 95, the 15th.
There are so many options on the table, it is difficult to say which event will trigger
other events. I think we all concur whenever it does happen, it will be like dominos.
Fact of the matter is, there is not a darn thing I (we) can do about it except continue
preparing the best we can.
We all will be in it together in mind and spirit.
October has traditionally been my best month.
Prophets seem to abound around here. I, on the other hand, listen to what is said and written, but in the end none of us has a clue unless we are somehow invited into the inner circle of those who are in the know. Of course if one of the elites gave you inside information, what would you do with it?
How about give radio interviews and sell my DVDs hand over fist?
I like Lindsey Williams, BTW.
I am very suspect of Lindsey Williams. In life I have learned that there is always a payoff for why a person does/says the things they do/say. Mr Williams tends to think he has been ordained of God to hear the truth from these “lovers of money.” Why would these elites provide any information to Mr Williams unless it somehow benefits them. After all, you cannot change the spots of a leopard. A man is what he is, because it is what he has always been. Mr Williams needs to consider his sources and their history before he begins to repeat their so-called (inside information.) To me, Lindsey has become their pawn to disseminate the info they want the public to hear.
They had to say ‘without modern historical equivalent‘ since there are many examples throughout history. It could still turn out to be a good thing. Look at how the American Indian economic system was virtually wiped out… look at it now with all the casinos. The Indians stopped scalping the hair off the white man and now scalps him with a slot machine. They ended up with much more wampum.
Your post is just wrong in so many ways but, without getting to far off point let me just ask one question. According to you, we should all just wait between 100 and 400 years?
Why October? I skimmed through it and found no support for this time frame except speculations based on zero math.
we are past a tipping point and from here nothing is going to be able to fix things. The only way out would be a global reset of debt to zero and start over.
All debtors are looking for the magic reset button just as all creditors are looking to turn the screws a little tighter. I don’t see any magic reset happening but I can see a group of nations coming together and pulling an “Iceland” on the International Banksters.
Is this going to be the mother of all shit hitting the fan events waiting for us in October?Speaking about shit,Iam scared shittless.
How about the choice of ascension vs. zombie nation…your pick..
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HA HA
Zombie “fuck-fest” coming our way.
The guy needs to work on his math. 1.4/3 do not equal 0.2. Or maybe he’s using 4th dimensional math?
Some people are either extremely infected with stupid, or they are simply carriers of stupidity. This guy qualifies maybe on both cases.
C&P from FaceBook side …
Political deteriorations and associated societal tensions … result … from bad economics. While otherwise impressive by the comprehensive manner in which these LEAP reports are assembled, their political precepts ‘put the cart before the horse’.
I’m grateful that a respected source is getting the timeline correct so more folks may batten down their hatches. They’d be far better served, however, understanding that their impending misery has its source in banknote ‘money’ which politicos will only insanely continue attempts to preserve while ignorance prevails on grounds of completely false ‘reasons’ of politics.
September and October have traditionally been very active when it comes to financial troubles Bank failures and calamitous declines in stock markets occur more often in these two months than the other 10 combined. Reasons—speculation abounds but there are a couple of theories. I do not recall the reasons.
I do believe that the whole global economy will collapse one day but we all don’t know when it will happen. I think that October is way too fast as prediction and from where did they get that date? We have to first predict the hyperinflation and then finally we will be able to know when everything will collapse. I’ll be ready for a collapse once I accumulate 1000$ in face value copper pennies, then exchange them for an ounce of gold, get 1000$ in face value nickel nickels and finally, get 10 000$ in silver.
You may need to consider what country you want to live in to enjoy your spoils of war. This one will soon become hostile to those who still believe in freedom & liberty.