This seems to be a report from the European equivalent of the brain trust (I mean, they understand more than most Americans). A couple highlights from their latest:


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.

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Bank failures: Towards an « Icelandation » of the banking crisis’ management
In the face of this shock, our team estimates that most countries, including the United States, will approach management of the crisis in an “Icelandic style”, i.e. not to bail out the banks and to let them collapse (16). We have already had a glimpse with the liquidation of the Irish bank IBRC which has given many people ideas: “How Ireland liquidated its banking albatross in one night” headlined La Tribune (17) admiringly. This possibility seems to increasingly be the solution in the event of the banks backsliding, for the following reasons: first, it seems much more effective than the 2008-2009 bailout plans judging by Iceland’s recovery; second, countries don’t really have the means to pay for new bailouts anymore; finally, one can’t deny that it must be a big temptation for leaders to get rid in a popular fashion of part of the debts and “toxic assets” which encumber their economy.

These « too big to fail » banks are in fact gorged of public and private Western debt from which they gained their profits and power. In past GEABs our team had already established the link between a bank like Goldman Sachs for example and the Knights-Templar (18), a medieval military order which had grown excessively rich on States’ backs and which King Philip the Fair put an end to, taking their gold for his state coffers.

http://www.leap2020.eu/GEAB-N-72-is-...ar_a13384.html