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FRI JUN 22, 2012 AT 03:07 PM PDT

RED ALERT : Seven Events that Will Precede the US Economic Collapse in Autumn 2012
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My favorite European Think Group tells me today that "the trumpets of Jericho will ring out seven times" to alert the world just prior to the "new and improved" global economic crisis -- which is due to arrive this Fall, apparently. Actually, I've been a reader of Global Europe Anticipation Bulletin since 2006 and have relied on the accuracy of their predictions for my investments and for geopolitical outcomes related to my travel strategies. The events of Summer to Fall 2012 in the United States have been on their front burner for several years. Many of their Readers are properly positioned to take the coming blow; actually to profit from it. The moment, however, is now at hand. Thus, the details in their newsletter (which they postponed for two days to include last-minute projections) are now very specific and pertain to global events we will experience over the next four months. Say they: "The Swans have landed." What follows is excerpted from their public statement, translated from the French:

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Euroland is finally out of its torpor and political short-termism since the election of Francois Hollande as the head of France. Further, the Greek people have confirmed their willingness to solve problems in Euroland -- laying to waste all the "predictions" of the Anglo-Saxon news media and perennial Eurosceptics. From now, Euroland (the EU, not the UK) will be able to move ahead, completing its project of political integration, economic efficiency, and full democratization during 2012 through 2016. (This, we have consistently predicted, most recently in February 2012). This is positive news. However, for the next six months during the "second Renaissance" of the European project, it will be the only good news on the world stage. All other players caught in the Western economic miasma are, indeed, headed in a negative direction. Catastrophic, even. Finally, the mainstream media are beginning to come to terms with the longstanding reality predicted by our team for summer 2012. For many months, they have monopolized their readers' attention with exaggerated headlines about the demise of Greece and the Euro. Now, however, they are hitting on 13 themes (by our count) that have something to do with reality:

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1. The global recession. (There is no growth engine. It's the end of the myth of the "U.S. recovery.") 2. The insolvency of the entire Western banking and financial system is grudgingly

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Daily Kos: RED ALERT : Seven Events that Will Precede the US...

http://www.dailykos.com/story/2012/06/22/1102344/-RED-ALER...

being recognized as such. 3. Increasing weakened key financial assets such as sovereign debt, real estate, and the CDSs (derivatives) that are used to prop up the balance sheets of some of worlds major banks. 4. The fall off in international trade. 5. Geopolitical tensions (in particular in the Middle East) that are fast approaching the point of a regional explosion. 6. Highly effective geopolitical blockage at the UN. 7. The rapid collapse of the whole of the Western asset-backed retirement system. 8. The growing political divisions within the worlds monolithic powers (USA, China, Russia) 9. The lack of miracle solutions (as in 2008 - 2009) because of the growing impotence of several major Western central banks (Fed, BoE, BoJ : aka US, UK, Japan) and those States underlying indebtedness. 10. The free-fall of credibility in those countries that must assume the double burden of public debt and excessive private debt (bailout of banks and stock market casinos). 11. The inability to control or slow down the advance of mass and long-term unemployment 12. The failure of monetarist and financial stimulus policies such as pure austerity policies. 13. The quasi-systematic ineffectiveness of international closed groups -- G20, G8, Rio+20, WTO -- on key issues that were once (but no longer) part of a world agenda -economy, finances, environment, conflict resolution, and the fight against poverty.

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If Euroland is able to address this period in a very promising fashion, its because these last few years, it has gone through a crisis of an intensity and depth unequalled since the beginning of the European construction project after the Second World War. From the end of summer 2012, the other world powers, led by the United States, will have to face an identical process. At this price, and only at this price, will they then be able to begin a slow climb towards the light. And, today, after trying every means to delay maturity, the US "reality cheque" has arrived. As in all things, the ability to put off the inevitable comes at a high price, namely the bigger shock of adjusting to this new reality. This is actually the end game for the Dollar.

The Seven Blasts of the Trumpet of Jericho This marks the period beginning in September / October 2012. The Trumpet of Jericho will bring down the last parts of the "Dollar Wall" and the walls that protected the world as we know it since 1945. In fact, the shock of the autumn 2008 will seem like a small summer storm compared to what will affect the planet in just a few short months. We have, indeed, never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical) since 2006, the beginning of the global systemic crisis. Logically, in our modest attempt to regularly publish a crisis weather forecast, we must issue a Red Alert because of the upcoming events which are gathering to impact the world during September/ October 2012. The seven blasts of the Trumpets of Jericho marking the end of the world before the final economic crisis include four Middle Eastern geopolitical factors and three economic and financial shocks:

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Daily Kos: RED ALERT : Seven Events that Will Precede the US...

http://www.dailykos.com/story/2012/06/22/1102344/-RED-ALER...

1. Iran / Israel / USA. "The war too far" will blast into existence. 2. The Assyrian Bomb. The Israeli-American-Iranian will blow the Syria-Iraq powder keg sky high. 3. AfPak Chaos. The U.S. military and NATO will scurry like hostages, desperate to exit yet finding the door out increasingly difficult to open. 4. The Arab Autumn. The Gulf countries will be swept into the turmoil, undoing hope for a peaceful transition to democracy. 5. "Taxmargeddon" in the US. Beginning late summer 2012, the U.S. economy will enter total free fall in the Autumn. 6. The Collapse of the Big Banks. Major bank insolvencies are due in SeptemberOctober 2012, negatively impacting the City (London Exchange) and Wall Street. 7. The Unbearable Lightness of QE. Or, the untenable irresponsibility of QE (quantitative easing) in summer 2012, which will knock the US, British, and Japanese central banks out of the global game.

I have to say -- after years of reading and using Global Europe Anticipation Bulletin -- or Geab, as I call it -- this is, by far, the most radical treatise they have ever published. "Red Alert" indeed. However, since they alerted me (and many others) to the "Global Economic Crisis" early in 2006, allowing me to deleverage my real estate holdings slowly, I take them quite seriously. YMMV Depression dollar Economy Euro europe global economic crisis Iran war Middle East Recession Recommended reserve currency International

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