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NorthernSanctuary · 06-21-2009, 02:39 AM

leap report: US s**** within 4 months:
The monthly report from Leap2020... only available in french for now...

http://www.leap2020.eu/GEAB-N-36-est...009_a3341.html

Basically, the US and the UK are toasted by the end of october. They won't be able to pay... meaning default... but as another article pointed out... they may be able to slow the collapse by buying US bonds with US banks money... meaning taxpayers money.

Here how it works...

Banks in trouble = need bailouts (now at about 14 trillion$) = dollar collapsing, big deficit, unable to fund it = buy US bonds with bailout money = taxpayers money buying US bonds.

It's only a trick... but it may work for a few weeks... but it will end up with the same result... defauting. IMO the only to stop that and to avoid complete collapse of the US into a third world nation is to audit the FED, put the criminals in jail and RIGHT NOW put a HONEST PRESIDENT in office... so unless there's a real revolution, the US will collapse within a year maximum.

Continuing with the LEAP report...

The US will be hit by 3 main waves, and 10 others of less importance... they will hit almost all at once. Inflation will be back up... hyperinflation... if the FED doesn't rise rates, the economy is screwed, and if they do, the economy is screwed.

Banks and government will see how they are bankrupt by the end of summer... putting us even worse than last year... (Keynes was full of it as Autrian economists know) The stock market will crash again before october. Millions of people will lose everything they've got and won't be able to find a job for a few years... Can you imagine having no job for 4 years?

Anyway, it's not pretty, as all of us here except a few saw, and it's starting this summer. Within 4 months, we gonna see a lot of it.

After all, the report from the state department that stated that they sent billions of $$ to foreign embassies so they could buy local currency to last at least for a year might be true... and the report stated that they had until the end of the year to buy the currencies.

Maybe, like RAND suggested a few months earlier, a world war could pull us out of it... but in this day and age... a world war will be nuclear. RAND corporation suggested China or Russia. North Korea and Iran were too small according to them... maybe if they start a war with North Korea, Iran and Syria at the same time?

06-21-2009, 02:39 AM	#45
NorthernSanctuary Avalon Senior Member Join Date: Sep 2008 Location: Montreal, Canada Posts: 698	Re: 2009: Worst economic collapse ever leap report: US s**** within 4 months: The monthly report from Leap2020... only available in french for now... http://www.leap2020.eu/GEAB-N-36-est...009_a3341.html Basically, the US and the UK are toasted by the end of october. They won't be able to pay... meaning default... but as another article pointed out... they may be able to slow the collapse by buying US bonds with US banks money... meaning taxpayers money. Here how it works... Banks in trouble = need bailouts (now at about 14 trillion$) = dollar collapsing, big deficit, unable to fund it = buy US bonds with bailout money = taxpayers money buying US bonds. It's only a trick... but it may work for a few weeks... but it will end up with the same result... defauting. IMO the only to stop that and to avoid complete collapse of the US into a third world nation is to audit the FED, put the criminals in jail and RIGHT NOW put a HONEST PRESIDENT in office... so unless there's a real revolution, the US will collapse within a year maximum. Continuing with the LEAP report... The US will be hit by 3 main waves, and 10 others of less importance... they will hit almost all at once. Inflation will be back up... hyperinflation... if the FED doesn't rise rates, the economy is screwed, and if they do, the economy is screwed. Banks and government will see how they are bankrupt by the end of summer... putting us even worse than last year... (Keynes was full of it as Autrian economists know) The stock market will crash again before october. Millions of people will lose everything they've got and won't be able to find a job for a few years... Can you imagine having no job for 4 years? Anyway, it's not pretty, as all of us here except a few saw, and it's starting this summer. Within 4 months, we gonna see a lot of it. After all, the report from the state department that stated that they sent billions of $$ to foreign embassies so they could buy local currency to last at least for a year might be true... and the report stated that they had until the end of the year to buy the currencies. Maybe, like RAND suggested a few months earlier, a world war could pull us out of it... but in this day and age... a world war will be nuclear. RAND corporation suggested China or Russia. North Korea and Iran were too small according to them... maybe if they start a war with North Korea, Iran and Syria at the same time?