Posted on 02/06/2010 6:52:40 AM PST by Tom D.
The European Commission has placed Greece's economic policies under an unprecedented level of oversight within the eurozone. Analyst Peter Zeihan discusses the implications and mounting pressures for France and Belgium.
Click link to play video.
The Euro is toast - go long USD.
What happens then, and how does it impact the global economy; how does the collapse of the Euro impact new economies like India or China?
What will become of America and its Dollar, if the worst case scenario occurs in Europe??
Thanks.
Looks like the Germans are going to end up owning Europe after all.
It is fashionable to believe the incident at Three Mile was a catastrophe when it was actually an example of engineering success. The safety systems worked as designed.
Perhaps the Greece problem is similar. The safety systems are clicking into action to contain the problem. The system is being tested.
marker
We are seeing the beginning of the conditions that will bring about world war III. The 20th century began in similar fashion. The oligarchies will try to focus the attention of their populations outwards from the internal disasters they are creating. That is how wars start.
IMHO Bad economic conditions will encourage certain countries to engage in “adventures” outside their borders to take their citizen’s minds (and stomaches) off the bad conditions in their country. The bad thing is if they have access to nuclear or biological weapons. — And the war came.
IMHO Bad economic conditions will encourage certain countries to engage in “adventures” outside their borders to take their citizen’s minds (and stomaches) off the bad conditions in their country. The bad thing is if they have access to nuclear or biological weapons. — And the war came.
My Best Guess is our dollar will eventually collapse too.
Did you see this video?
http://beforeitsnews.com/story/16202/Congress_raises_debt_limit,_then_votes_to_curb_spending.html
No one knows, but it won’t be good. The world is so interconnected that the collapse of Europe will cause signficiant disruptions around the world. We will lose markets and suppliers. Financial institutions will collapse and credit markets would freeze much worse than we saw in the fall of 2008.
Both China and India will lose large markets. Russia will have a very large playground but it will lose a market for its oil and gas.
It would be a bad time.
I don’t know what you mean by “playground” when you say, “Russia will have a very large playground.” However, it seems likely that the Muslim countries of the Middle East are the ones that will be in a position to do the most harm. They have the wealth to acquire cheap European assets and to make loans (with whatever conditions they desire) to European governments.
There is considerable irony in the fact that Germany (and if Germany opts out, the financial supporters of Muslim Terrorism) may hold the fate of Western Civilization (or at least that part of Western Civilization that does not include the U.S. of Obama/Marxism) in its hands. So here we are: “the grandchildren of Nazis or raging Muslim Hordes in control of Europe and Obama’s Marxists in control of America. And we Tea Partiers just sit here on our duffs admiring our insignificant selves and thinking we will make a difference. Right!
I doubt the average Euro rube semi-sophisticate gives a darn, so weaned on nihilism and Marxist leaning self-hate ritual that the collapse of the EU will happen as quick as the plot of the novel “The Camp of the Saints.”
Well, they’ll run it better than the French, Spanish, or Italians would.
Probably a wash against the Polish, though.
And the British would do a better job, but they aren’t in the running.
One time Larry Kudlow refered to the euro as the “europeso”. This was around 2000-2001.
There were always two Euro camps. The original group wanted a United Europe capable of achieving the prosperity of the U.S., and capable of standing up to the CCCP.
Fast on its heels was a 2nd group who wanted an EU that could rival and stand up to the U.S.
Both groups agreed on the Euro as a currency; one group wanted a NATO-led military, and the other group wanted an EU-led military.
A collapse of the Euro, and by extension, the EU, simply returns Europe to 1990. Individual soveriegn states. Individual currencies. NATO-led military.
Looking at Russia's 1998 default of all of their sovereign debt...one can't help but think of debt defaults as trivial events. Yet if this particular default kills the Euro *currency* and European Union itself, then the U.S. and Russia will hardly see the event as catastrophic.
What’s not being talked about is that the Climate Pact was a “done deal” until everyone figured out that the EU was about to go broke.
Now it’s clear to the leadership of the 27 EU states that they can’t afford such a climate pact “right now.” Hence, the deal didn’t happen in Copenhagen.
The fix was in, but they couldn’t afford their own winning ticket...much to our advantage.
But the whole global coup came very close to ushering in a one world government this year.
It also shows that global leadership was in massive denial of the poor state of the world economy.
Freedom...saved by a Great Recession. It will be the untold story of the Millenium.
I think you might be on to something.
“Freedom...saved by a Great Recession. It will be the untold story of the Millenium.”
I find idea this intriguing, insightful, and likely (I hope I hope I hope) true.
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