沙灘上的貝殼 - LEAP預警:美元英鎊夏季末違約,三個衝擊波將毀滅全球政經體系

来源:百度文库 编辑:神马文学网 时间:2024/04/30 19:08:11
摘要:

2009年夏美國和英國的赤字失控成了中心問題,兩國將在2009年夏季末違約。2009年9-10月,危機將繼續惡化並導致產生歷史性變化,到彼時我們將看到三個「無賴違約波」。我們在報告裡就投資戰略(黃金,房地產,債券,股票,貨幣)進行了分析和建議,以避免財富被夏季衝擊波沖走。


2009年夏的危機將破壞社會經濟結構,處於全球性危機核心的美國和英國將發生主權違約。三個致死性的無賴潮為:一是巨大規模的失業潮;二是超級破產潮,將席捲企業、金融機構、房地產、主權國家、州政府和市政府;三是危機的終端,即美國國債,美元和英鎊的違約將導致通貨膨脹的回歸。 

這三個衝擊波是毀滅性的,它們可能是同步的,也可能是前後發生或不對稱發生。全球動盪將以不同的速度和不同方向及特點而發生。 

此階段唯一的確定性就是全球體系史無前例的軟弱和無助:G20宣佈的改革IMF仍是一紙空文,G8看起來越來越像一個垂死俱樂部。美國掙扎著拼命讓買家持有其國債。世界貨幣體系將完全解體,俄羅斯和中國在後美元時代失業率劇增,各國為了拯救銀行,在越來越多的債務重壓下掙扎,容易上當的投資者以為最近幾周金融市場改善了,然而最終2009年夏季末銀行仍將破產,失去償付能力。 

世界各國領導人將再次驚訝,夏季末,所有曾經解決過的問題又重現並惡化了。事實上,它們並沒有得到解決,只是隱藏在「巨大的納稅人資金」裡。 對於在美國、歐洲、亞洲和非洲數以億計的人來說, 2009年夏天將是一個可怕的開始,他們的儲蓄和養老金被投資銀行投入到股票市場或以美元英磅計價的貨幣市場而蒸發掉了。 

這次將是罕見地高的海浪,壓力巨大。如果3英尺高的衝擊波浪施加的壓力是6噸/平方米,10米施加的壓力是12噸/平方米,那麼這次的一個衝擊波就可高達30米,可以施加的壓力高達100噸/平方米。而且連續三個衝擊波同步或連續,任何一艘船最多只能應付其中的兩個,第三波一定會讓任何船毀滅掉。 

目前階段,所有的媒體和學者都掩蓋了事實的真相。美國的通貨膨脹資料被篡改和修正。政府和機構都在說危機已受到控制,再沒有任何風險的嚴重危機了。 

2009年夏將結束象徵英國權力的倫敦金融城300多年的歷史。


ryanchao評論:持平而論,我同意這研究機構總體觀點,只是部分觀點我覺得可能有待商榷。


原文出處:http://www.leap2020.eu/GEAB-N-36-is-available!-Global-systemic-crisis-in-summer-2009-The-cumulative-impact-of-three-rogue-waves_a3359.html

GEAB N° 36 is available! Global systemic crisis in summer 2009: The cumulative impact of three « rogue waves »

- Public announcement Special Summer 2009 GEAB N°36 (June 17, 2009) -
Three rogue waves by H-J Fandrich for LEAP/E2020
As anticipated by LEAP/E2020 as early as October 2008, on the eve ofsummer 2009, the question of the US and UK capacity to finance theirunbridled public deficits has become the central question ofinternational debates, thus paving the way for these two countries todefault on their debt by the end of this summer.

At this stage of the global systemic crisis’ process of development,contrary to the dominant political and media stance today, theLEAP/E2020 team does not foresee any economic upsurge after summer 2009(nor in the following 12 months) (1). On the contrary, because theorigins of the crisis remain unaddressed, we estimate that the summer2009 will be marked by the converging of three very destructive « roguewaves » (2), illustrating the aggravation of the crisis and entailingmajor upheaval by September/October 2009. As always since this crisisstarted, each region of the world will be affected neither at the samemoment, nor in the same way (3). However, according to our researchers,all of them will be concerned by a significant deterioration in theirsituation by the end of summer 2009 (4).

This evolution is likely to catch large numbers of economic andfinancial players on the wrong foot who decided to believe in today’smainstream media operation of “euphorisation”.

In this special « Summer 2009 » edition, our team describes in detailthese three converging « rogue waves » and their impact, and gives anumber of strategic recommendations (currencies, gold, real estate,bonds, stocks, currencies) to avoid being swept away in this deadlysummer.

 

 Duration (in months) of US recessions since 1900 (averageduration: 14,43 months) - Sources: US National Bureau of EconomicResearch / Trends der Zukunft
LEAP/E2020 believes that, instead of « green shoots » (those whichinternational media, experts and the politicians who listen to them (5)kept perceiving in every statistical chart (6) in the past two months),what will appear on the horizon is a group of three destructive wavesof the social and economic fabric expected to converge in the course ofsummer 2009, illustrating the aggravation of the crisis and entailingmajor changes by the end of summer 2009… more specifically, debtdefault events in the US and UK, both countries at the centre of theglobal system in crisis. These waves appear as follows:

1. Wave of massive unemployment: Threedifferent dates of impact according to the countries in America,Europe, Asia, the Middle East and Africa 

2. Wave of serial corporate bankruptcies: companies, banks, housing, states, counties, towns 

3. Wave of terminal crisis for the US Dollar, US T-Bond and GBP, and the return of inflation

 

 World trade shrinks : Chart 1: Year-over-year change in totalexports from 15 major exporting countries (1991-02/2009) / Chart 2:Year-over-year change in exports from 15 major exporters betweenFebruary 2008 and February 2009 (size of circles reflects vo )
In fact, these three waves do not appear in quick succession like the «sisters rogue waves ». They are even more dangerous because they aresimultaneous, asynchronous and non-parallel. Hence their impact on theglobal system accentuates the risks because they hit at various angles,at different speeds and with varying strength. The only certain thingat this stage is that the international system has never been so weakand powerless to face such a situation. The IMF and global governanceinstitutions’ reforms announced by the London G20 are at a standstill(7). The G8 becomes more like a moribund club whose utility isincreasingly questioned (8). US leadership is the shadow of what itused to be, mostly concerned by desperately trying to find purchasersfor its T-Bonds (9). The global monetary system is in a process ofdisintegration, with the Russians and Chinese in particularaccelerating their positioning in the post-Dollar era. Companiesforesee no improvement in the business climate and speed up the pace oflayoffs. A growing number of states falter under the weight of theiraccumulated debt created to “rescue banks” and are about to be facedwith a welter of failings by the end of this summer (10). And, last butnot least, the banks, once they have squeezed money out of naive saversthanks to the market upsurge orchestrated in the past few weeks, willbe have to admit that they are still insolvent by the end of summer2009.

In the United States and United Kingdom in particular, the colossalpublic financial effort made in 2008 and at the beginning of 2009 forthe sole benefit of large banks became so unpopular that it wasimpossible to consider injecting more public money into banks in spring2009, despite the fact that they were still insolvent (11). It thenbecame necessary to invent a “fairy tale” to convince the average saverto inject his/her own money into the financial system. By means of the« green shoots » story, overpriced stock indices based on no realeconomic grounds and promises of « anticipated public funding repayment», the conditioning was achieved. Hence, while big investors fromoil-producing and Asian countries (12) withdrew capital from thesebanks, large numbers of small individual investors returned, full ofhope. Once these small investors discover that public funding repaymentis only a drop in the ocean of public aid granted to these banks (tohelp them dispose of their toxic assets) and that, after three or fourmonths at best (as analyzed in this GEAB N°36), these banks are againon the verge of collapse, they will realize, powerless, that theirshare is worth nothing once again.
 

 Growth in GDP (green) and US debt (red) (Bn USD) - Sources: USFederal Reserve / US Bureau of Economic Analysis / Chris Puplava, 2008 
Intoxicated by financiers, world political leaders will be surprised -once again – to see all the problems of last year reappear, all themore severe since they were not addressed but only buried under pilesof public money. Once that money has been squandered by insolvent bankscompelled to « rescue » even more insolvent rivals, or by ill-conceivedeconomic stimulus plans, problems will re-emerge, further exacerbated.For hundreds of millions of citizens in America, Europe, Asia andAfrica, the summer 2009 will be a dramatic transition towards lastingimpoverishment due to the loss of their jobs, with no hope of findingnew ones in the next two, three or four years, or due to thedisappearance of their savings invested in stocks or capital-basedpension funds, or in banking investments linked to stock markets ordenominated in US dollars or British pounds, or investment in shares ofcompanies pressured to desperately wait for an improvement not comingsoon.  
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Notes:

(1) Not even the « jobless recovery » many experts are trying to makeus believe in. In the United States, United Kingdom, Eurozone andJapan, it is a « recoveryless recovery » we must expect, i.e. a pureinvention aimed at convincing US and UK insolvent consumers to startbuying again and keeping US T-Bonds’ and UK Gilts’ country purchaserswaiting as long as possible (until they decide that there is really nofuture selling their products to the lands of the US Dollar and BritishPound.

(2) « Rogues waves» are very large and sudden ocean surface waves which used to beconsidered as rare, though we now know that they appear in almost everystorm above a certain strength. « Rogue waves » can reach heights of 30meters (98 ft) and exert tremendous pressure. For instance, a normal 3meter-high wave exerts a pressure of 6 tons/m². A 10 meter-high tempestwave exerts a pressure of 12 tons/m². A 30 meter-high rogue wave canexert pressure of up to 100 tons/m². No ship yet built is able toresist such pressures. One specific kind of rogue wave is called the“three sisters”, i.e. a group of three rogue waves all the moredangerous in that, even if a ship had time to react properly to thefirst two waves, there is no way she could be in the right position tobrave the third one. According to LEAP/E2020, it is a similarphenomenon that the world is about to encounter this summer; and nocountry (ship) is in a favourable position to face them, even if somecountries are more at risk than others, as explained in this GEAB(N°36).

(3) LEAP/E2020 estimate that their anticipations of social and economictrends in the various regions of the world - published in GEAB N°28(10/16/2008) – are still relevant.

(4) More precisely, in every region, media and stock markets will no longer be able to hide the deterioration.

(5) Our readers have not failed to notice that the same people, mediaand institutions, considered everything was for the best in the best ofworlds 3 years ago, that there was no risk of a severe crisis 2 yearsago, and that the crisis was under control a year ago. Their opinion istherefore highly reliable!

(6) As regards US economic statistics, it will be interesting to followthe consequences of the revision of the indexing formula by the Bureau of Economic Analysisdue to take place on 07/31/2009. Usually, this type of revision resultsin further complexity of historical comparisons and favourablemodification of important figures. For example, some previous revisionsenabled the division of the average level of measured inflation bythree. Source: MWHodges, 04/2008.

(7) Except at a regional level where each political entity is organizedthe way that it wants. For instance, the EU is taking advantage of thepolitical fading away of the UK - mired in a financial, economic andpolitical crisis - and taking supervisory control of the City of London(source: Telegraph,06/11/2009). It is likely that summer 2009 will be the end of 300 yearsof the City’s supremacy at the centre of British power. On thissubject, it is instructive to read George Monbiot’s article in The Guardian dated 06/08/2009 and take the time to read John Lanchester’s brilliant essay published in the London Review of Books dated 05/28/2009 entitled « It's finished ».

(8) Who cares any more about G8 final statements, such as that following the June 13th G8-Finance meeting (source: Forbes,06/13/2009), at a time when each player in fact plays by his own rules:Americans on one side, Canadians and Europeans on another, British andJapanese in the middle, while the Russians play a complete differentgame?

(9) US Treasury’s Secretary of State, Timothy Geithner, recentlysuffered a very embarrassing experience whilst giving a speech in frontof Beijing University students: his audience simply burst into laughterwhen he reassured that the Chinese government had made the right choiceinvesting their holdings in US T-Bonds and Dollars (source: Examiner/Reuters,6/02/2009)! There is nothing worse than arousing irony or ridicule whenyou are an established power because that power is nothing withoutrespect (on the part of both friends and enemies), especially when theone mocking is supposed to be “trapped” by the one mocked. According toLEAP/E2020, this laughter is worth a thousand explanations of the factthat China does not feel at all « trapped » by the US dollar and theChinese authorities know exactly what tracks greenbacks and T–Bonds arefollowing. This kind of situation was unthinkable only 12 months, maybeeven 6 months ago, first because the Chinese were still naive, secondbecause they thought it was in their interest to make everyone believethey were naive. Obviously, on the eve of summer 2009, this situationhas vanished: no need to pretend anymore, as highlighted by this surveyof 23 famous Chinese economists, published on the first day of TimothyGeithner’s visit to Beijing, and revealing that most of them deem USassets « risky » (source: Xinhuanet, 05/31/2009). This student burst of laughter will continue to echo for many months to come…

(10) Not only in the US will shareholders be systematically prejudicedby the state under the pretext of higher common interest, as in thecase of pension fund and bondholder losses related to the Chrysler andGM bankruptcies, or when the US government and Federal Reservepressured Bank of America to hide the calamitous state of Merrill Lynchfrom its shareholders at the time of the latter’s takeover. Sources: OpenSalon, 06/10/2009 / WallStreetJournal,04/23/2009. In the UK, Europe and Asia, the same causes will producethe same effects: the « raison d'état » has always been the simplestexcuse to justify large-scale plundering … and severe crises areperfect times to call in the « raison d'état ».

(11) Germany has a similar problem due to next September’s nationalelection. After the election, the country’s banking problems will be inthe headlines, as several hundreds of billions of risky assets on thebalance sheets of a number of banks, mainly regional ones, will needdealing with. It is far from the scope of US and UK banking problems,nevertheless Berlin will probably be faced with a number of potentialbank failures. Source: AFP/Google,04/25/2009. In the United States, the banks bailed out by the federalstate have simply lowered the amount of loans granted when they aresupposed to do the contrary. Source: CNNMoney, 06/15/2009

(12) Sources: