This is an article, posted by LEAP/E2020, a European think-tank. It is a very interesting, if scary article. I had shared this article with some friends last month, and now we are past that week. By now, the two items that they claim will change our economic world have happened. I will surely discuss both in future postings. The two items are the opening of the Iranian oil bourse last week, as well as the Federal Reserve Bank's decision to stop publising M3 figures, which is the wide money supply numbers (the amount of US dollars in circulation).
http://newropeans-magazine.org/index.php?option=com_content&task=view&id=3463&Itemid=85
Here is the article's intro:
Or « The End of the Western World we have known since 1945 »
The Laboratoire européen d’Anticipation Politique Europe 2020 (LEAP/E2020) now estimates to over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929. This last week of March 2006 will be the turning-point of a number of critical developments, resulting in an acceleration of all the factors leading to a major crisis, disregard any American or Israeli military intervention against Iran. In case such an intervention is conducted, the probability of a major crisis to start rises up to 100%, according to LEAP/E2020.
Recent Comments