The next stage of the crisis will result from a Chinese dream.
Indeed, what on earth can China be dreaming of, caught – if we listen to Washington – in the "dollar trap" of its 1,400-billion worth of USD-denominated debt.
Listening to US ''Media experts'' and United States Leaders of Economy, by staying prisonner of such an economical carceral reality, one can easily understand what such a prisonner dream of, lets get out of this prison.
LEAP/E2020 has therefore no doubt that Beijing is now (3) constantly striving to find the means of disposing of, as early as possible, the mountain of « toxic » assets which US Treasuries and Dollars have become, keeping the wealth of 1,300 billion Chinese citizens (4) prisoner.
What to expect from GEAB?
The GlobalEurope Anticipation Bulletin is the confidential letter of think-tank LEAP/Europe 2020, published in partnership with the Dutch foundation GEFIRA. As such, our aim is to provide our readers with state-of-the-art analyses of geo-political anticipation centered around the study and follow-up of the global systemic...
http://www.leap2020.eu/...
GEAB N°34 is available.
In English
Summer 2009: The international monetary system’s breakdown is underway
- Public announcement GEAB N°34 (April 15, 200) -
... Behind London’s « fools’ game », where everyone pretended to believe that an event of « historical » international co-operation (5) took place, the G20 summit in fact revealed major divisions. The Americans and British (followed by a compliant Japan) desperately tried to preserve their capacity to maintain control over the global financial system, freezing or diluting any significant reform granting more power to the other players, but in fact no longer powerful enough to enforce their aims. The Chinese, Russians, Indians, Brazilians,... strove to change the balance of the international monetary and financial system in their favour, but were unable (or maybe, deep down, unwilling (6)) to impose their reforms. The Europeans (the EU without the United Kingdom) proved incapable of making up their minds between the only two options available: duplicating US and UK policies and sinking along with them, or questioning the very roots of the current monetary and financial system in partnership with the Chinese, the Russians, the Indians and the Brazilians. Today the Europeans have avoided following Washington and London in their endless reproduction of failed past policies (7), but they do not yet dare to prepare for the future....
April in their view should bring out of the closet the actual state of affairs after the Federal revenues are in.
Their suggestion is, FASTEN YOUR SEATBEALT
Snowy