Global systemic crisis II

15 June 2013

“… According to LEAP/E2020 the stages of this second crisis can be summarised as follows:

…collapse of financial markets especially in the US and Japan. Banks can no longer be saved by States and bail-ins are put in place;
…spreading to the real economy: the financial impasse causes/reveals a major world recession and the reduction of international trade;
…the economic deterioration causes unemployment to explode, in the United States the
dollar’s decline lowers the standard of living…
the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected, if not coups;
international management of the crisis: together Euroland and the BRICSimpose a new international monetary system and lay down the bases of a…

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