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 ...
“I’m not saying we wouldn’t get our hair mussed.”
—George C. Scott as the general in the war room in Dr Strangelove
Blow the Chunnel.
Mine the harbours.
Crater the runways.
The American press has been silent on what, if any preparations the Obama administration is making. With rare exception, there has been nary a mention in the American press about the potential for economic calamity at home should the Euro fail.
The genetic inheritance of Europe was badly attrited just short of a century ago, and further attrited about 20 years later.
The current “European” gene pool is heavily weighted by those who lacked the competence and/or strength of character to defend their country against “those scoundrels who endanger/attack us”.
Yeah, I always heard something like, “The flower of English manhood was buried on Flanders Field.”
But even after WW1, they did very well in WW2. I hope the inheritance still exists, deep in the gene pool.
It’s interesting how HM govt has been so upfront about it.
We can certainly hope.
Go to barnhardt.biz to read all about it, or ZeroHedge. Ann Barnhardt is FEARLESS, and has been all over this story. Apparently they seized gold and silver bars that their customers owned outright (certificates with serial #’s related to each bar). Unfortunately for these customers, they never actually took possession of the bars. They thought they were ‘safely’ stored in a warehouse for them. HA! I read about ‘re-hypothecation’ on her site, and ZeroHedge, which explained a lot about the current crisis, and there is also some in-depth stuff on MF Global. Corzine and Dimon should be in prison, along with a LOT of others.
Compare France and Britain. Both suffered heavily during WW1, but look at their responses to WW2. The French (with some notable exceptions) rolled over and presented their bellies to the Germans, while the British (again with a few exceptions) were ready to do whatever it took to stand up to Germany. Look at the Home Guard; there were men well into their seventies and eighties who were willing to take up arms to protect King and Country.
The iron will of Britain has been buried deep beneath the muck of socialism for the past couple of decades, but it is still there and I believe it will once more rise to the occasion.
I’m grateful as it gives me an idea of how much trouble is coming.
The new details bolster claims that MF Global was careless with customer money, regardless of the company’s intentions. Authorities previously found that MF Global had used roughly $200 million of client funds to replenish an overdrawn account at JPMorgan Chase in London on Oct. 28, the last business day before the firm filed for bankruptcy.
http://dealbook.nytimes.com/2011/12/28/mf-global-scrutinized-on-moving-of-money/
Sorry, won’t give the NYTimes the hit, but I’ve read the same thing. There are stories about Corzine leaving meetings at MF to make trades on his blackberry, usually crappy euro bonds. I also read somewhere (don’t know this for a fact) that Jamie Dimon threatened to kill Corzine if he didn’t use his customers $$$ to cover his losses. Ann has detailed accounts of all this on her website, and has a couple of youtube interviews also where she explains a lot of this. The absolute disregard for the law, and the in-action of the SEC and other agencies in this fiasco is breathtaking. I posted one of the interviews on my FB page, with the note that I bet NONE of my friends who bothered to listen/read more had heard ANY of this in our MSM. My hubby and I have been following the commodities markets for over 15 years, and what TPTB are doing is amazing, and NO MSM OUTLET is saying a word about it!
“Ann has detailed accounts ...”
Ann Barnhardt?
Yes, Ann Barnhardt at barnhardt.biz. She has links to ZeroHedge and others. I think it’s ZeroHedge that has the explanation of what ‘re-hypothecation’ is. Interesting/scary stuff!
I pray you are correct.
Once again, the entire fate of Western Civilization might rest upon that island.
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