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1 février 2014 6 01 /02 /février /2014 12:22

 


GLOBAL SYSTEMIC CRISIS

 
In This Issue:

•  GEAB excerpt - Up or down ? The oil era
•  Exxon Mobil profit tumbles as energy production tapers
•  Warning bells ring over British current account deficit
•  Crisis causes underground economy to flourish in Spain
•  'Currency War' end-game could be good for Russia
•  More than 270,000 poorest households in England face £80 council tax rise
•  Blow to Obama as Sen. Reid opposes trade authority
•  Breaking up is hard to do
•  Germany's Schaeuble signals support for euro zone parliament
•  Eurozone is the 'real' EU, Sikorski says
•  When is the far-right acceptable to the West? When it's in Ukraine
•  Pour la première fois depuis 2007, la dette de la zone euro baisse
•  Nigeria Central Bank to Shift Reserves Into Yuan From Dollars
•  Ventes à découvert: la justice européenne maintient l'interdiction, au grand dam de la City
•  Bitcoin exchange CEO arrested for money laundering

 

Featured Links

•  LEAP / Europe 2020
•  GlobalEurope Anticipation Bulletin (website)
•  Global systemic crisis - All our selected news
•  GlobalEurope Press Review (NM blog)
•  FEFAP
•  Anticipolis
 
 
     
GEAB excerpt - Up or down ? The oil era
This is a powerful anticipation from our team for 2014: contrary to the impression given currently, we are living the last hours of the oil era and that will begin to become clear in 2014. And the trigger for this shift is the Chinese government’s decision to power its automobiles by electricity. Given the size of the fleet, the impact that this decision will have for electric vehicles in the world in terms of innovative capacity and lower prices, the 33% of vehicles representing global oil consumption will be severely trimmed, and very quick ly: we anticipate that within five years the trend will have become unstoppable and that in 10 years petrol/diesel vehicles will compare to electric vehicles as the Cuban Cadillacs currently compare to modern cars. This turning point is, of course, a catastrophe for the whole of the oil industry… and automobile if the latter doesn’t decisively convert to the new religion (electric or other alternative mode). A catastrophe for the Dollar of course, supported by this raw material since 1975.
LEAP/E2020 - Excerpt GEAB N°81 (Jan. 2014)
 
Exxon Mobil profit tumbles as energy production tapers
Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves...
Reuters
 
Warning bells ring over British current account deficit
The British economy performed well in 2013 with 1.9 percent GDP growth, and some economists predict growth of up to 3 percent this year, but warning bells are sounding over the size of Britain's current account deficit...
Xinhuanet
 
Crisis causes underground economy to flourish in Spain
The crisis has caused Spain’s black market economy to grow significantly over the past few years, according to a study released Wednesday by the union of the technical staff of the Finance Ministry (Gestha)...
El Pais
 
'Currency War' end-game could be good for Russia
Investors are lining up to short the Russian ruble as the sell-off in emerging markets pushes the currency to historic lows. But several analysts see an upside to the rout, seeing it as "easy money" for the government's coffers...
CNBC
 
More than 270,000 poorest households in England face £80 council tax rise
More than 270,000 of the poorest households in England face council tax hikes of £80 a year as the government's safety net is withdrawn, a survey of local authorities has revealed...
The Guardian
 
Blow to Obama as Sen. Reid opposes trade authority
Democrats and labor have been stepping up opposition to lowering trade barriers. Democrat Reps. Rosa DeLauro and George Miller earlier this month wrote to Obama saying they’d lined up 151 House Democrats in opposition to fast-track procedures “that usurp Congress’ authority over trade matters."...
Market Watch
 
Breaking up is hard to do
Risky investment strategies are to be banned, but the European Union has no plans to split up the continent's big banks. Members of the European Parliament, however, say gambling on the financial markets will continue...
Deutsche Welle
 
Germany's Schaeuble signals support for euro zone parliament
Germany's finance minister said on Monday he was open to the creation of a separate European parliament for countries using the euro, a step that could deepen divisions within the European Union.
Reuters
 
Eurozone is the 'real' EU, Sikorski says
Poland wants to join the eurozone because it is the political heart of the European Union, its foreign minister, Radek Sikorski, has said, with the country looking to enter the single currency by 2020...
EUObserver
 
When is the far-right acceptable to the West? When it's in Ukraine
Let’s imagine for a moment that there were violent demonstrations led by ultranationalists and neo-Nazis in a Western European country, and that those demonstrators held up posters of figures who had collaborated with the Nazis during World War II. That they had shouted neo-Nazi slogans and their leaders had made anti-Jewish and homophobic statements. That these same protesters had used violence to try and topple the democratically elected government – and that they had seized governm ent buildings...
RT
 
Pour la première fois depuis 2007, la dette de la zone euro baisse
C'est une bonne nouvelle. D'après les chiffres publiés par Eurostat, mercredi 22 janvier, la dette publique de la zone euro s'est établie à 92,7 % du PIB à la fin du troisième trimestre 2013, contre 93,4 % au trimestre précédent. « Il s'agit de la première baisse en termes absolus depuis le quatrième trimestre 2007 », précise l'office des statistiques européennes. Pour l'ensemble de l'Union européenne, le ratio est en revanche en hausse, passant de 86,7 % à 86,8 % du PIB...
Le Monde
 
Nigeria Central Bank to Shift Reserves Into Yuan From Dollars
The bank will increase the yuan’s share of reserves to as much as 7 percent from 2 percent, Moghalu said in an interview in London, without specifying a timeframe for the change. Nigeria currently holds about 85 percent of its reserves in dollars, he said...
Bloomberg
 
Ventes à découvert: la justice européenne maintient l'interdiction, au grand dam de la City
La justice européenne vient d'infliger un désaveu cinglant au Royaume-Uni. La Cour de Justice de l'UE a en effet jugé compatible avec le droit européen l'interdiction de la vente de titres à découvert sur les marchés financiers...
La Tribune
 
Bitcoin exchange CEO arrested for money laundering
U.S. government agents have arrested Charlie Shrem, the CEO of Bitcoin exchange BitInstant, charging him with laundering money for customers of online drug bazaar Silk Road...
CNN
 
 

 
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