2015/08/20 LEAP/E2020 Press Review on the Global Systemic Crisis

Towards a Western crash… or not

To return to the stock market crash hypothesis, one must ask oneself if capital flight to Asia will cause a crash in some Western financial centres or not. In fact, in the context of its currency’s internationalization, China has done important work connecting the world to its own economy, with swap agreements, business takeovers, operational clearinghouses for Yuan, etc… Our team anticipates that banks and financial centres directly or indirectly connected to these financial flows will de facto profit from the flood of capital that will begin to flow in the global financial network. Thus we clearly see that the City, Luxembourg, Paris and Frankfurt in Europe, are on the right lines. In the Western camp we also count Sydney, Toronto, and even Tokyo. Which means that Wall Street is the major absentee from the Renminbi network. Consequently, we can well understand that Wall Street capital will fly to Asia ... (extract from the GEAB No 94)

GEAB by LEAP

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The Guardian

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