From this current article.
Posted on 10/26/2011 11:17:46 AM PDT by little jeremiah
By now everyone realizes that the euro is in major trouble and will no longer exist in its current form for much longer. However, the common view is that it is Greece and possibly other PIIGS countries who will be forced out if the eurozone is broken up.
But few are talking about another possibility- of Germany leaving the EU.
One who is talking about this is Dr. Pippa Malmgren, a former economic advisor to George W. Bush and a former advisor to Deutsche Bank (DB). According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU.
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We also have reports of Sarkozy and Merkel screaming at each other in recent meetings. France has announced plans to possibly nationalize several banks just “in case.” And Germany has dropped more than a few hints that it’s fed up with the situation.
Heck, even mainstream “thinkers” like Alan Greenspan says the euro is “doomed” to fail.
Something very bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert.
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So if you have not already taken steps to prepare for systemic failure, you should do so now. We’re literally at most a few months, and very likely just a few weeks, from Europe’s banks imploding.
(Excerpt) Read more at seekingalpha.com ...
On an interesting side note, the Daily Telegraph posted this today....
Regardless, this is all an orchestrated event...the “loaning” of monies by other nations to pull a nation out of debt.
The true intent of the lender is control over their loanee. In these instances, to force a one world currency.
Whatever you do...do not accept the mark, for you will be lost forever.
In first place, since every italian pays net 800 euros to Brussels, so they have never got a net cent from Germany. Second, Germany will not leave the Euro because a new Deutsche Mark would gain value quickly hurting their export-oriented economy, like it happened in the 1990s. The german industry cheered the Euro a decade ago because it ended the possibility for other european countries to play with currency value in order to win competitiveness. On the other hand, if a “PIIGS” country leaves the Euro it would cause a massive devaluation of that country assets in major european banks. So this European Union will do anything to save the Euro. Forget about any country seceding.
And the unspoken logic here, is that they are all praying that Obama loses so that the USA's economy can be the high tide that floats everyone's boat.
Possibly explains why they haven't reopened the Carson City Mint.
I don't know, why not ask George Soros? He's been making billions off the intentionally generated hardships in nations all over the world
I thought Italy would promise its European partners an austerity program, but by the time it would reach the legislature, it was unrecognizable.
When I was in Africa last year, I got to see a $500 million Zimbabwean Dollar note.
If your ping list is about economics, you could add me if you like; I’m really more about economics than politics anyway.
“France has announced plans to possibly nationalize several banks just “in case”
Anybody know what that’s about?
do you have a list of the largest gold reserve countries?
——not only fractious but fundamentally dishonest. The PIGS all lied about the debt on their books when joining the EURO. Greece still hasn’t come completely clean. None of these leftover Holy Roman Empire states can make the payments on their lopsided debts. The 50 percent haircut idea is a stall for time. Merkel has said as much. The haircut is going to be 100 % before stability and reset actually happens. The condition of the whole Eurozone after reset is the question.
There is no safe harbor with the rule of law in the United States in doubt.
There is only one investment that makes sense at the present. That is to invest in a limited U.S government that is fiscally conservative and which returns to the rule of law. I invested more into political races in 2010 than I ever have before. We managed to buy time to limit the damage that this administration is doing.
In 2012, I intend to do even more to return to the rule of law and to sanity in the United States. When we succeed at that, other investments will be possible. Until we accomplish that, no other investment is safe, as ultimately, they all depend on the rule of law.
That is a good way of putting it.
Is this the final crisis of socialism? Marx does another flip-flop in his grave, gets his spit turned again in Hell. Trotsky and Lenin both laugh.
Keep in mind that the EC/EU was a French idea, and that the No. 1 policy objective of the French (shared by the Russians) has been to put permanent bricks in Germany's pockets. This is what the EC/EU/EZ was invented to do.
The situation is metastable. Eventually the Germans will tell everyone else to go pound sand (again) and we start the beatdown process all over again.
But you are rich in plum preserves and jam. ;)
Who knows, that stash could be worth more than chunky bars of sterling silver down the road a bit.
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