they gonna plug the Chunnel???
Posted on 12/28/2011 7:04:23 PM PST by kristinn
BRITAIN'S borders will be closed to continental Europeans if the euro collapses, it was revealed yesterday.
The emergency measure would block hordes of French, German and Dutch nationals who would be desperate to withdraw cash here with credit cards if banks in their own countries dry up.
It is feared a run on British banks could also result in them being unable to service UK businesses.
Chancellor George Osborne has confirmed extensive contingency plans are being drawn up to safeguard Britain. The Treasury will not reveal specifics. But there will be limits on how much money can be deposited in British banks in any European stampede to "safe havens" like the City of London.
Such a rush would send the Pound soaring, dealing a crippling blow to British exports.
It has already emerged that the Foreign Office is working on a mass evacuation plan to bring expat and holidaying Brits home if Greece, Portugal or Spain suddenly implode.
(Excerpt) Read more at thesun.co.uk ...
Are we all ready for the great collapse ?
The euro collapsing would be tragic. But the idea that the world would fall into chaos is rather baseless.
Thought you might be interested.
I think everyone (in these times) should have some cash on hand at all times.
We’re almost there now. Just this ONE event, no. But there is a system at play here. I know systems. This one is on the edge of collapse.
I know I am, because my neighbour is ready.
I’ll just kill my neighbour and I’ll be fine.
Major American Banks are tied to the hip with Europe banks. So much cross collateral obligations it would make the fall of USSR look like a cake walk.
UNBELIEVBLE! The HORDES of Germans,French and Dutch? When have the moslems been called HORDES? Buh-bye Western Civ.
they gonna plug the Chunnel???
http://www.npr.org/templates/story/story.php?storyId=6063982
The autopsy of Ronald Madison conducted by Dr. James Traylor of the New Orleans Coroner's Office found seven gunshot wounds — five to the back.
The Danziger Bridge incident needs to be understood in the context of a major American city that had disintegrated. "The New Orleans Police Department was overwhelmed," says Anthony Radosti, vice president of the Metropolitan Crime Commission and a former 23-year veteran investigator with the New Orleans police.
"Radio communication was at a minimum. [The police] felt isolated, abandoned. They had no place to live or sleep. Rumors were just wild. Sniper fire, armed individuals on the street. And in some cases, that information was true," Radosti says.
Biggest danger is the US gov, Fed Reserve, SEC, and the big five US banks who control 2/3 of GDP. In their eyes customers will lose their savings anyway if the system in EU collapse and causing our banks to collapse. Danger about this mentality is they would not hesitate to grab customer accounts to save the system even if it means violating laws and regs. Smart people are moving their money out of Wall Street accounts and moving it into hard assets. If you do not, one day one will wake up and find their entire life savings gone or seized. Look at what happen with MF Global. Ever wonder why they brought EU bonds when the word on the street is to avoid them??? Maybe the Fed Reserve whom Corzine has an intimate association with was asked to do a favor for the US gov/Fed Reserve, use company assets to prop up EU bonds at the critical moment. Problem was Corzine borrowed money from JPM Chase to to leverage the bonds at 100 to 1. Gamble exploded and JPM was about to be dragged down unless small people’s money were taken to make good on the loans to JPM. After that MF Global simply declared bankruptcy, all remaining assets including customer money (a violation of CFTC regs) were taken by the bankruptcy trustees and made available to all creditors. Nobody in the SEC, US Treasury and Fed Gov stopped this violation. Not even the anti capitalist Obama admin stepped in to save the middle class main street investors. All the elites got word ahead of time and pulled out before MFG imploded. Wonder why they were important to be informed ahead of time while all other customers were not important to be informed. Official losses is 1.2 billion of customer money, but adding other accounts, losses can go as high as 5 billion.
I think it is just a matter of time before Greece leaves the Euro zone and that will cause chaos. But, just like Greece, Spain and Portugal are trapped in a depression caused by the Euro so I would not be surprised to see them go also. Italy is the big wild card, it they go, then the whole Euro zone might fracture.
I don't panic easily, but, I have taken to keeping a large amount of Euro’s (issued by Germany, of course!) on hand, the larder full of food and both cars full of gas.
When the brown bovine matter hits the slowly rotating fan I think it will be time to stay home and watch the panic.
The world did not end after the Fall of the Roman Empire, but it did go into centuries of Dark Ages.
Anyone who thinks that America would come through such a scenario unscathed is whistling past the graveyards of history.
If they clos their gates they are locking in the enemy with them. That place has more foreigners than native citizens.
So you’re saying MF Global robbed customers accounts to pay JPM Chase? First I have heard that one. Do you have any references? Good post btw!
It’ll be interesting to see if enough of the old Tommys are still around to fight them. Imagine how tough Monty’s troops were in North Africa to whip Rommel’s Afrika Korps! There were none tougher in both world wars. None!
Will that cultural and genetic inheritance come through during the European uncivil wars to come?
That’s part of the backdrop of my next novel.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.