Global Systemic Economic Crisis: Devastating Financial Explosion and Social Outburst on a Worldwide Scale
By Global Europe Anticipation Bulletin (GEAB)
June 17, 2013
The 2008 shock was certainly violent, but the reactions of the system, countries and central banks with their bailouts on an unprecedented scale, managed to hide the worst consequences: downgrading of the West in general and the United States in particular, a forced cleanup of the economy, a heavy fall from an artificial standard of living, mass unemployment, the beginning of social unrest… have been able to be partly neglected in favour of recovery hopes kept alive by irresponsible policies diverting liquidity to the banking systems and stock exchanges.
Sadly, whilst the world drugged itself, global issues weren’t addressed… five lost years: the building is even less strong than before the crisis; the US “solution” orchestrated by the Fed, that everyone else left it to manage to take the time to dress their own wounds, has been to put out with gasoline the fire which they themselves lit. It’s not surprising then that it is still the US, pillar of the world before, refusing to fall in line, with their faithful Japanese and British floats, which is once again igniting the world situation. And this time, we shouldn’t rely on bankrupt countries to save the situation: they are on their knees following the first shock in 2008.
Layout of the full article:
1. A situation which is now out of control
2. A second US crisis
3. The impacts of the second shock
4. Different players’ strategies
5. Failure of international institutions
6. Urgent recommendations
This public announcement contains sections 1 and 2
A situation which is now out of control