GEAB N°72: Global Systemic Crisis – Second Half of 2013 – The Reality or the Anticipation of the Dollar Collapse Obliges the World to Reorganize on New Fundamentals!

• GEAB N°72 is available! Global systemic crisis – Second half of 2013: The reality or the anticipation of the Dollar collapse obliges the world to reorganize on new fundamentals! 
  by http://www.leap2020.eu/ 
  Just as the Euro crisis pushed Europe to modernize and adapt its economic and financial governance to the challenges of the 21st century, the terrible US dollar crisis will oblige the world to transform the whole of world governance structures, beginning of course with the international monetary system to calm the storm which is on the point of striking currencies.
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  According to our anticipations, this reorganization which will only start to become a reality with the September G20 unfortunately risks taking place in a hurry since our team envisages the first major fears over the Dollar during the March-June 2013 period.
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  A phrase by Antonio Gramsci (1) splendidly describes the long, dangerous transition period that we are currently living through: “The old world is dying away, and the new world struggles to come forth: now is the time of monsters”. This period will finally come to an end but the monsters are still restless.
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  With no surprise, one of the powerful factors which will accelerate the United States’ loss of influence in the world relates to oil. In fact we are witnessing the last days of the petrodollar, the key element of US domination. This is why we have decided to deal with the world oil problem at length in this GEAB. We are also publishing the GEAB Dollar-Index and Euro-Index to follow currency developments more reliably in the current monetary storm. Finally, as usual, we finish with the GlobalEurometre.
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  In this public announcement for the GEAB N°72, our team has chosen to present a series of converging indices on the crisis which leads it to keep its “global systemic crisis”  alert in force for the March-June 2013 period, as well as its anticipation of the risk of “Icelandisation” in the management of the banking crisis.
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  A flurry of signs of crisis, or why we are keeping the March-June 2013 alert 
  Since last month (GEAB n°71), the converging line of strong trends and indices announcing a catastrophe during the March-June 2013 period have strengthened further. First of all it’s the “currency wars” which takes on political dimensions and ruins the confidence that countries give each other. We will expand on our analysis below. But it’s also many of the domestic indices which should ring alarm bells about the United States.
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  In deciding to separate the debates on the budgetary cuts/increase in taxation and on the debt ceiling (2), the Americans have doubled the shock to come: there was only one at the end of February/beginning of March, there is now another in May. This separation reveals the Republicans’ strategy clearly. Of course they will exert a power struggle to the maximum over raising the debt ceiling to reduce spending further, but they will ultimately feel obliged to vote for a rise in order not to be held responsible for the cataclysm which would follow a payment default (3). On the other hand the consequences of the budgetary cuts envisaged for March 1st, though certainly not painless, are far from being as traumatising and the Republicans have really decided to negotiate a sizeable reduction in the public deficit under penalty of leaving the last resort of automatic cuts at work.
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