Summer 2009: The US government defaults on its debt

[Happyville]

I apologize if this was already posted as it is an older article. It is put out by a group called Global Europe Anticipation Bulletin.

Indeed our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. According to our team, the period that will then begin should be conducive to the setting up of a « new Dollar » to remedy the problem of default and of induced massive capital drain from the US.

http://www.leap2020.eu/GEAB-N-28-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html

Remember Y2K??? For a whole year the media was reporting the potential disaster and panic that could result from the switching of the clock to 2000. The problems that seem to be unwinding now seem to be a whole lot more serious than Y2K ever would have been and yet, there are hardly any news reports on prudent steps that the public could take in the "rare" chance the system collapses... Hmmmm

 

[Rich]

I apologize if this was already posted as it is an older article. It is put out by a group called Global Europe Anticipation Bulletin.

Indeed our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. According to our team, the period that will then begin should be conducive to the setting up of a « new Dollar » to remedy the problem of default and of induced massive capital drain from the US.

http://www.leap2020.eu/GEAB-N-28-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html

Hi Happyville, these alerts have been carried by SoTT.net. - just use the search function. The latest is here:

 

[Happyville]

Thanks Pob super sorry about that!!!

 

[Rich]

Thanks Pob super sorry about that!!!

No worries. GEAB seem to be pretty reliable in their predictions, they have under-anticipated the extent to which the dollar would rally as a result of the unwinding of the derivative market, but pretty much spot on. The interview with their director is worth listening to: "Understanding the Next Phase of the Global Systemic Crisis". Their next bulletin comes out on 16th Jan.

And yes, it's not front page news...yet....