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 ...
Really? What's the silver content, and weight in oz.?
(I've often wondered whether, if a coin supposedly contains .77xxx oz. of .925 Fine silver [the old Austrian thaler = Spanish/Mexican dollar peso = Polish talara], the weight is netted out for the base content.)
I've got a five-dollar bill says Alan Greenspan and Ben Bernanke sold a lot of our gold out the back door during their gold-suppression war in 1995-2008.
"Anything"? With what, the Grande Armee and the Bundeswehr? Libya showed that Europe is weak in the legs and short of breath. And they're going to go pound on the Greeks or the Spanish?
We have a good water well and no debt; so those riches will have to do for us.
(The rows of full jars add a small dollop of security, at least we won’t get scurvy!)
I don’t have a ping list about economics, but I might ping more articles if I see ‘em elsewhere and not posted on FR. I will be sporadic. If you think of a good keyword let me know and I’ll use it if I ping any more.
Oops, I meant I might post more articles if I see ‘em. I’m not normally up at 2:45 am.
The EU model was a viable one but it is failing because th3e Nations involved failed to follow their own rules regarding debt. Greece even with the 50% haircut handed to the bond holders still has a debt to GDP ratio of about 150%.
Socialism has crippled the EU and it is on life support, probably terminal. I say probably because there is always the possibility the folks there will wake up and realize they have to take the bitter medicine of truly drastic cuts to government handouts paid for on the backs of the very people who make the economy work.
Try these for the clothes. For the second, you will find a few 5 gallon buckets are very handy...
I’ve looked at the wonderwash but it’s teensy; DH accumulates large quantities of really dirty work clothes. He says he’ll “make something” when needed...
The main difficulty is the wringer or squeezer, but he has “ideas”.
ROTFLOL! But he does make/invent/fix all kinds of contraptions, so when the time comes I’m sure he’ll figure something out. We have a fantastic huge sideways ancient thing called Thor which runs on 110, and has a manual wringer, but we sort of lent it so someone and they wrecked it, so it now needs a lot of work to run again. It can wash rugs, couple sleeping bags, etc. but still needs electric.
I’ve washed clothes by hand for long periods of time and it’s the wringing out that’s the real pain.
BTW the Mobile Hand Washer link doesn’t work.
I have looked at Lehman’s set up with two square galvanized buckets with attached wringer and that looks decent, but the price! Whew!
I put it in the category of “I’d rather have it and not need it, than need it and not have it”. That’s why we’re going to get a well pump that uses rechargeable deep cycle batter, solar charged. At least I think that’s what DH is getting. Ain’t cheap but drawling water by hand from a 120 foot well for all household needs would not be pretty.
I think collapse due to many factors is inevitable. How fast, when, etc - of course I have no idea. It’s obvious the fiends in the WH want a bloody revolution - is there any preventing it? I don’t know.
But Matt Bracken’s books (FR’s Travis McGee) look more and more realistic. I high recommend them, he has links on his home page. Or they can be purchased from Amazon. I gave a set to our County Sheriff’s office. His sec. emailed me that they’re being read! :-)
Then you probably need something like that and it would likely be worth it's weight in gold if the need arose. We have a stream and a pond about 100 yards away, so water is not a problem for us but for you it obviously is.
I think collapse due to many factors is inevitable.
Sadly, I agree. Just when and how bad it will be remains the only question, IMHO. Pretty soon, I think. Months, not years. We've already pizzed away the "years" options with our national and political foolishness.
Matt Bracken’s books... I high recommend them.
I've got them all and read them all as well. I've also passed them around to some and have recommended them to others.
I would have recommended them to a few more except a couple of them have some pretty bad sexual scenes which (although they play along with the plot) I know would be a turn off to some people enough that they would ignore the overall message he is conveying; my wife and daughters, for example. It's a puritanical thing, I guess. I know reality itself can be nastier than just about any thing anybody can conjure up in a book but some things people simply don't want to see in print.
Glad to hear your Sheriff's Office is paying a little bit of attention. Everybody is going to need a cool head if (and likely when) this mess comes down around our ears.
When/if this happens, we probably will have a few hours or perhaps days of warning, no more. Then it will be time to finalize the few local last minute preps and hunker down to see what happens. Until then, we watch and wait.
Sounds as though we are of like mind. I skip over graphic stuff as you mentioned; I rarely read fiction any way. I have a set of Dickens if I want fiction. About one book every five years. Too much to do...
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