This page has been archived and commenting is disabled.

Britain's Foreign Office Prepares For Riots In Europe; Sees Euro Collapse "When, Not If"

Tyler Durden's picture




 

As every major developed economy hits Bass's Keynesian Endgame, the status quo is set to change dramatically. Nowhere is this climax playing out louder than in Europe and the implicit solution of Germany-uber-alles (while seemingly inevitable though nevertheless lengthy in execution) is likely to not sit well with many of the EMU nations. To wit, The Telegraph today reports that Britain's Foreign Office is advising its overseas embassies to draw up plans to help expats should the collapse of the Euro turn explosive. Almost incredibly, a senior minister has revealed that Britain is now planning on the basis that a euro collapse is matter of time.

The Telegraph: Prepare for riots in euro collapse, Foreign Office warns

British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.

 

As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.

 

Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.

 

The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.

 

A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.

 

“It’s in our interests that they keep playing for time because that gives us more time to prepare,” the minister told the Daily Telegraph.

 

Recent Foreign and Commonwealth Office instructions to embassies and consulates request contingency planning for extreme scenarios including rioting and social unrest.

 

Greece has seen several outbreaks of civil disorder as its government struggles with its huge debts. British officials think similar scenes cannot be ruled out in other nations if the euro collapses.

 

Diplomats have also been told to prepare to help tens of thousands of British citizens in eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.

 

Fuelling the fears of financial markets for the euro, reports in Madrid yesterday suggested that the new Popular Party government could seek a bail-out from either the European Union rescue fund or the International Monetary Fund.

 

There are also growing fears for Italy, whose new government was forced to pay record interest rates on new bonds issued yesterday.

 

The yield on new six-month loans was 6.5 per cent, nearly double last month’s rate. And the yield on outstanding two-year loans was 7.8 per cent, well above the level considered unsustainable.

 

Italy’s new government will have to sell more than EURO 30 billion of new bonds by the end of January to refinance its debts. Analysts say there is no guarantee that investors will buy all of those bonds, which could force Italy to default.

 

The Italian government yesterday said that in talks with German Chancellor Angela Merkel and French President Nicolas Sarkozy, Prime Minister Mario Monti had agreed that an Italian collapse “would inevitably be the end of the euro.”

 

The EU treaties that created the euro and set its membership rules contain no provision for members to leave, meaning any break-up would be disorderly and potentially chaotic.

 

If eurozone governments defaulted on their debts, the European banks that hold many of their bonds would risk collapse.

 

Some analysts say the shock waves of such an event would risk the collapse of the entire financial system, leaving banks unable to return money to retail depositors and destroying companies dependent on bank credit.

 

The Financial Services Authority this week issued a public warning to British banks to bolster their contingency plans for the break-up of the single currency.

 

Some economists believe that at worst, the outright collapse of the euro could reduce GDP in its member-states by up to half and trigger mass unemployment.

 

Analysts at UBS, an investment bank earlier this year warned that the most extreme consequences of a break-up include risks to basic property rights and the threat of civil disorder.

 

“When the unemployment consequences are factored in, it is virtually impossible to consider a break-up scenario without some serious social consequences,” UBS said.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sat, 11/26/2011 - 16:39 | 1915806 max2205
max2205's picture

These guys are running scared to even draft this bill. Traitors

Sat, 11/26/2011 - 16:53 | 1915831 sqz
sqz's picture

A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.

I have to question the motivation of the British politicians in confirming this for public consumption since this can only add to fuel to the Euro firewood. Admittedly, the Euro as is was always going to burn at some point, maybe as early as within the next few months.

But I am guessing this is just more intentional political pressure on Germany, quite likely an appeal directly to German people, to fear them into making a panicked decision against their long-term interests.

The British politicians are starting to realise how dangerous the EZ failing in the short term will be for their precarious economic plans and are now trying to stem the bleeding by any means necessary.

British will probably start treating this as resumption of WWII hostilities soon!

Sat, 11/26/2011 - 16:59 | 1915863 Terminus C
Terminus C's picture

This is exactly what I was thinking when I read this.

Sat, 11/26/2011 - 17:22 | 1915920 earleflorida
earleflorida's picture

so the damned limey's wanna pull us into another war

let the london financial district sink to the deepest abyss of the channel

Sat, 11/26/2011 - 17:34 | 1915951 Michael
Michael's picture

So the Aristocrat and oligarch families are going to have to ride the subway and eat tuna fish sandwiches when their banking empires collapse. BooHoo.

Deflation and Greatest depression bitches!

"Some economists believe that at worst, the outright collapse of the euro could reduce GDP in its member-states by up to half and trigger mass unemployment." I say 75% off sale.

Sat, 11/26/2011 - 17:44 | 1915978 GeneMarchbanks
GeneMarchbanks's picture

"Some economists believe that at worst, the outright collapse of the euro could reduce GDP in its member-states by up to half and trigger mass unemployment."

When was the last time an economist has been right about anything?

Scare tactics. Nothing more. Economists are tools for the banking/finance complex. When they say 'trigger mass unemployment' read 'I'll do anything they tell me to keep my job/status'.

Sat, 11/26/2011 - 19:35 | 1916237 Michael
Michael's picture

So much for Gordon Browns dream of a New World Order. Not going to happen with so many oligarch banking families going bankrupt as the banks they own collapse in flames.

Gordon Brown New World Order Speech

http://www.youtube.com/watch?v=Uv5cqh26CC0&list=HL1322350331&feature=mh_lolz

Sat, 11/26/2011 - 20:03 | 1916280 philipat
philipat's picture

Um, and George Soros also.

Can't blame the Brits for planning for the inevitable disaster. Either Germany has to get its people to agree either to ECB printing or to fiscal union or to directlly bail out the rest of Europe. All of these involve moral hazard and subsidies from the hard working German people to the profligate South. And they won't agree. So the alternative is the collapse of the Euro.

So whilst the "I told you so" stuff is unnecessary, it does need to be planned for.

Sun, 11/27/2011 - 00:30 | 1916815 Oh regional Indian
Oh regional Indian's picture

Phil, trouble is, if you are going to take ANY historical precedence (and this is true for anyone) then you have to take the WHOLE historical precedence. 

And that means really digging into history, not just recent history of the poor overworked germans and the happily underworking rest fo the Eurozone.

It's a long, collective drift to wehre we are and there are no easy answers.

But some things are obvious and well known. Vatican. City of London. Washington DC.

Three legs of the stool of tools.

ORI

-second-trailer/

Sun, 11/27/2011 - 02:03 | 1916951 j.darkness
j.darkness's picture

yep, ORI i think you and i are down the same rabit hole.

Sun, 11/27/2011 - 02:28 | 1916973 Oh regional Indian
Oh regional Indian's picture

Quite the ride, eh jd?

ORI

Sun, 11/27/2011 - 02:21 | 1916969 Bananamerican
Bananamerican's picture


A Song: “Men of England”

BY PERCY BYSSHE SHELLEY
Men of England, wherefore plough For the lords who lay ye low? Wherefore weave with toil and care The rich robes your tyrants wear?

Wherefore feed and clothe and save From the cradle to the grave Those ungrateful drones who would Drain your sweat—nay, drink your blood?

Wherefore, Bees of England, forge Many a weapon, chain, and scourge, That these stingless drones may spoil The forced produce of your toil?

Have ye leisure, comfort, calm, Shelter, food, love’s gentle balm? Or what is it ye buy so dear With your pain and with your fear?

The seed ye sow, another reaps; The wealth ye find, another keeps; The robes ye weave, another wears; The arms ye forge, another bears.

Sow seed—but let no tyrant reap: Find wealth—let no imposter heap: Weave robes—let not the idle wear: Forge arms—in your defence to bear.

Shrink to your cellars, holes, and cells— In hall ye deck another dwells. Why shake the chains ye wrought? Ye see The steel ye tempered glance on ye.

With plough and spade and hoe and loom Trace your grave and build your tomb And weave your winding-sheet—till fair England be your Sepulchre.

Sun, 11/27/2011 - 06:20 | 1917098 jeff montanye
jeff montanye's picture

and his wife's major opus, frankenstein, is an excellent metaphor for the hubristic dream of the single european currency.

Sat, 11/26/2011 - 20:07 | 1916284 macholatte
macholatte's picture

Scare tactics. Nothing more.

 

Not saying you, or the tone of the thread above, are "wrong", but don't you think that at some point the government needs to act responsibily and begin a campaign of information for the citizens?  We have been indundated with MSM disinformation propaganda that has turned out to be lies for months. The sheeple ae beginning to figure it out and the MSM is near complete loss of credibility by the mass of sheeple. Not good. Now the game is drawing to an end, perhaps quickly, and it needs to be hinted at if not outright acknowledged. 

Another angle is this: the general plan to overcome sovereignty and install an EU facist government with each country as nothing more that a United States of Europe could be in the works. What better way to do it than civil unrest. The sheeple will beg for the military and not care about their "rights" if they need food.

 

 

"And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. 'Who controls the past' ran the Party slogan, 'controls the future: who controls the present controls the past.'" 

"Day by day and almost minute by minute the past was brought up to date. In this way every prediction made by the Party could be shown by documentary evidence to have been correct; nor was any item of news, or any expression of opinion, which conflicted with the needs of the moment, ever allowed to remain on record. All history was a palimpsest, scraped clean and reinscribed exactly as often as was necessary." 

--- Orwell "1984"

 

Sat, 11/26/2011 - 20:47 | 1916347 Raymond Reason
Raymond Reason's picture

macholatte, it's a good point.  There comes a time when lying reaches a diminishing point of returns.   They have to retain credibility or the lies are ineffective.  But ultimately, their motives are surely bad. 

Sat, 11/26/2011 - 23:25 | 1916623 TruthInSunshine
TruthInSunshine's picture

What many people aren't paying careful attention to (and let's be honest; how many sheeple in the U.S., Europe or Asia, for that matter, pay careful attention to anything of significance) is that we are right now (not a decade or even a year from now) in the midst of the unraveling.

Many people won't accept this fact because they see the Main Lame Ass Stream Media reports of how 'Black Friday Retail Sales Grew Year-Over-Year' (we always see such headlines, before the inevitable revisions and details that are the bane of such misleading headlines later) and they assume that all is well.

Most people realize, at some level, and regardless as to whether they can articulate the whys and hows, that there's been a structural hollowing out of the American, European and Japanese economies. They know or can sense that something significant is happening.

But they do not understand that we're already in the beginning stages of a deleveraging process that is going to last many, many years, and that life as they knew is gone, whether we're speaking of economic, political or social matters.

Just as an anectode:  Seniors are now placing ads on specialized boards to rent rooms in residential dwellings with 5 to 10 other seniors. I received an article from a friend in my email today about this "exploding new trend."

The dynamics driving this "exploding new trend" is an economic one. Retirees are now being crushed by ZIRP, the ones with pensions are very nervous about the viability of those pensions, Social Security is being inflated away by The Bernankio, and the bluehairs can see that there's global volatility on a level they've not witnessed since WWII.

I could speak to the factors affecting college students and recent grads, or the rapidly vanishing middle class, too, but one example suffices.

Hank Paulson/Timmy & The Bernank have literally broken the global markets. Nothing is priced where it should be, and there's a larger mass of malinvestment (which will be painfully cleansed) in the global economy than at any other time in history. We're talking a mass of malinvestment that makes the dot.com and housing bubbles look absolutely tame by comparison: It's a combined mispricing of bond and equity markets, inflation-deflation-stagflation trends that are warped based on supply/demand fundamentals, a massive inability to factor appropriate valuations or the capitalizations of banks and financial institutions (again, due to The Bernank's idiotic policies), and a complete lack of the markets taking derivative risk into account, given that derivative risk is 'off balance sheet,' and that derivative risk is non-exchange while other economic liabilities are tracked and measured.

We're either going to have an inflationary or deflationary death spiral. Biflation and stagflation are only temporary phenomena during a small window of time whereby the real markets (too big for the central banksters to manipulate or try and save) fail to appreciate how dire economic and financial conditions truly are (markets are terribly inefficient over short and intermediate time horizons, given central bank & governmental inevitable meddling, but they're more efficient than other mechanisms over a longer time horizon - e.g. bonds historically have priced coming economic conditions far better than equities, even though bonds are now priced in bubble terms as well - again, due to Bernankincide).

Sun, 11/27/2011 - 00:25 | 1916787 Manthong
Manthong's picture

I think this just popped up on Bloomberg.

I can't link to the story just yet, but the headline sure makes it look like interesting reading.

 

Euro May Unravel Before Politicians Can Mobilize to Preserve It, UBS Says

Europe’s monetary union may unravel sooner than the region’s leaders can mobilize to ensure the sovereign-debt crisis doesn’t overwhelm the currency, a UBS AG foreign exchange strategist wrote.

Sun, 11/27/2011 - 00:32 | 1916814 TruthInSunshine
Sun, 11/27/2011 - 01:09 | 1916876 Manthong
Manthong's picture

Got it now..

And good points all.

Re. “Biflation and stagflation are only temporary phenomena”  yeah.. Fed and government qualitative easing (prop equities, suppress PMs) and quantitative easing (inject fiat, suppress rates, twist)  will produce Bi/Stagflation until they lose the handle.

And then the train it won’t stop going, no way to slow down.

Sun, 11/27/2011 - 03:11 | 1917011 xcehn
xcehn's picture

That's not hard to imagine, as people lose faith in the currency. “Here’s what a senior trader at a US bank told the Financial Times: We are now seeing funds and clients wanting to get out of anything that is denominated in euros and that includes Bunds because they don’t know what will happen to monetary union.”

http://www.counterpunch.org/2011/11/25/germanys-failed-bond-auction/

Sun, 11/27/2011 - 04:40 | 1917059 joshua10
joshua10's picture

Man alive, I couldn't have summed it up any better.

Sun, 11/27/2011 - 02:39 | 1916985 Joseph Jones
Joseph Jones's picture

IIRC, estimate 2-3 mos ago a ZH member posted a quote credited to Orwell, something along the lines of: a bureaucracy is the dead exerting control over the living...the over-arching purpose of a bureacracy is to insure its continued existence and little else. 

I spent much time searching for the original quote and could not find it.  I'd be much obliged for any help locating the original quote. 

Sun, 11/27/2011 - 04:59 | 1917066 macholatte
macholatte's picture

The purpose of bureaucracy is to demolish face-to-face social groups, to break instinctive and emotional social ties and obligations, and to subordinate people to the power of the state. It is cruel, it is wasteful, and it is unjust.

 

http://www.americanthinker.com/2009/11/the_purpose_of_bureaucracy.html

 

 

Sun, 11/27/2011 - 03:01 | 1917002 macholatte
Sat, 11/26/2011 - 23:06 | 1916638 Freddie
Freddie's picture

So the Aristocrat and oligarch families are going to have to ride the subway and eat tuna fish sandwiches when their banking empires collapse. BooHoo.

Like Ruth Madoff - Bernie's wife

http://www.dailymail.co.uk/news/article-1195559/Ruth-Madoff-resorts-taking-public-transport-husband-Bernard-awaits-sentence-Monday.html

Sat, 11/26/2011 - 17:39 | 1915965 Iwanttoknow
Iwanttoknow's picture

I salute you.May the Khazar queen burn in hell.The city controls us.larouche may be mad but on this he is on the ball.

Sat, 11/26/2011 - 19:51 | 1916266 Rip van Wrinkle
Rip van Wrinkle's picture

Believe me, the limeys don't want yet another war. We're already up to our eyeballs in the US ones, thanks.

Sat, 11/26/2011 - 20:04 | 1916282 philipat
philipat's picture

"But I did what I thought was right"

A Bliar

Sat, 11/26/2011 - 23:12 | 1916642 Freddie
Freddie's picture

Our wars are our beloved muslim in the white hut's Muslim wars.

Sun, 11/27/2011 - 02:42 | 1916989 Joseph Jones
Joseph Jones's picture

I find your posts almost offensively incoherent. 

Sat, 11/26/2011 - 23:30 | 1916692 Ivan the Russian
Ivan the Russian's picture

Do you actually think about what you write?

Sun, 11/27/2011 - 09:52 | 1917220 Landrew
Landrew's picture

How could you possibly think this is not global in scale? The entire system is connected and it will all default like dominoes. A 600+ trillion derivatives market guarantees it. Those to the bottom first win in the credit bubble deflation. Wages fall faster than commodities even though commodities will not rise in price they will hold value over cash. In Argentina when the credit bubble burst an apartment was sold in barter for a car because of liquidity. When the lender of last resort Mr. Potter (Warren Buffet) is destroyed along with Goldman we know the can has hit the wall. Hard times com'in!

Sun, 11/27/2011 - 10:41 | 1917291 DaBernank
DaBernank's picture

Make that 708 trillion in OTC derivatives... let's go for a quadrillion!!!

Sat, 11/26/2011 - 19:10 | 1916190 Piranhanoia
Piranhanoia's picture

But they have carriers and a degree of isolation if violence erupts.   They can go get the oil.  Maybe they have plans with other nations that have properly equipped navies.  It isn't like the collapse wasn't planned, and UK isn't going to convince anyone they didn't see it coming.  

Then again, you could be spot on because the Euro isn't likely to ask UK to join if they don't have money for the bailout fund.  Its all going to be twisted as TPTB runs out of options.

Sat, 11/26/2011 - 20:07 | 1916285 knukles
knukles's picture

Bloody 'ell right.  S'why we fought them Jerry bastards now, idn't it?

Sat, 11/26/2011 - 17:08 | 1915893 english serf
english serf's picture

No sympathy here, they bombed my grannys chip shop!

Sat, 11/26/2011 - 17:12 | 1915903 sqz
sqz's picture

lol!

Sat, 11/26/2011 - 17:52 | 1915992 Sudden Debt
Sudden Debt's picture

Funny part is that the Bank of England is going to start printing money to save it's own banks.
So the real question will be: who's going to get fucked first.
Not like the english will be any better.

Sat, 11/26/2011 - 19:51 | 1916264 bank guy in Brussels
bank guy in Brussels's picture

If things hit the fan that badly, 'riots across Europe', Britain will be one of the worse places to be in this part of the world. The UK social fabric is fragile and edgy-violent enough already.

Scandinavia and North-Western Europe, our area, will be the better-off quadrant. We have our societies better balanced and more fairly run, where the working classes are the best off; and our upper classes duly recognise the populist forces they would face.

European peoples won't go along for very long with 'austerity' imposed by foreigners - outsiders - banks. If the EU authorities don't act wisely to restructure things quickly, the European street will bring things to a full stop not too long from now.

Sat, 11/26/2011 - 21:53 | 1916475 Temporalist
Temporalist's picture

"We have our societies better balanced and more fairly run" i.e. citizens don't have guns.

Sun, 11/27/2011 - 00:02 | 1916753 Cathartes Aura
Cathartes Aura's picture

actually, citizens do have guns, just not the huge stores of assault weaponry, etc. found in amrka, nor the accompanying deaths & crime.

http://blogs.loc.gov/law/2010/10/british-gun-laws-what-it-takes-to-lawfu...

Sun, 11/27/2011 - 06:32 | 1917105 Chain Gun Smoke
Chain Gun Smoke's picture

Praise that handgun ban you mindfucked little bitch!

"In 2007, opposition Home Secretary David Davis made clear that U.K. gun policies had failed, citing the goverment's own figures showing that gun-related killings and injuries had risen more than 400 percent since the handgun ban." - It Will Never Happen Here December 2011, American Rifleman.

Sun, 11/27/2011 - 11:39 | 1917376 Bendromeda Strain
Bendromeda Strain's picture

Last I heard, a farm owner could get her shotgun confiscated for merely demanding aggressive gypsy squatters stop cutting her trees.

http://tinyurl.com/67czycz

Please Cathartes Aura, shove off and take that law library fool with you. The British have made a mockery of law and freedom, and exist as little more than a cautionary tale at this point.

Sun, 11/27/2011 - 09:31 | 1917197 blueridgeviews
blueridgeviews's picture

I was wondering who the "we" was in that statement.

Sat, 11/26/2011 - 23:31 | 1916698 Freddie
Freddie's picture

Could give the Swedes a good excuse to do some house cleaning in Malmo.

This European riots and bankruptcy is largely about union govt workers bankrupting these countries, especially Greece.  Kyle Bass on a video here on ZH talked about how the EU/ECB/IMF bailout group told Greece they could only hire one new govt union worker for every 5 that retired then they bumped it to 10.  The bailout group showed up in Greece and found the Greeks had retired 20,000 Greeks with full pensions and hired 20,000 new ones. 

This is OWS too - all union shit.  Obama used most of the TARP money to bailout govt union workers nationwide so the states could avoid needed cuts.  It is all union Democrat, ACORN, CAIR muslim shit.   CAIR supports OWS.  We saw they wilding in Wisconsin too.

Think Detroit too.  Detroit is out of money and the Repub state govt has told them that the state is not bailing out Detroit anymore.  Game just about over for Detroit.  Govt union workers are a protected class in Europe and in the US.

Sun, 11/27/2011 - 01:35 | 1916928 Piranhanoia
Piranhanoia's picture

Is your writing based upon ignorance or propaganda? 

Sun, 11/27/2011 - 04:17 | 1917045 terryfuckwit
terryfuckwit's picture

Even mervyn king gov of bank of England stated clearly we cannot blame this mess on the unions...So shall we try blaming Big Ears and other friends in toy town...

Sun, 11/27/2011 - 10:08 | 1917244 Landrew
Landrew's picture

You must be a COCK Brothers TROLL! You have no fucking idea what OWS is! I have been there and half of us are Republican, most of us have jobs and are middle class! This isn't about unions you MORON COCK Brother! This is about banks being bailed out, giving themselves a bonus, NOT fucking one of them going to jail! 1000 went to jail during the S&L failures. O'Bummer did what the Shrub did bailout without reforms! Corporations are not people and money is not speech! FUCK OFF you 1% tool. Here is a clue you clueless fuck, you can dream but you will never be part of the 1% no matter how often they tell you that lottery ticket you buy every week makes you think so! The 1% pay 15% in taxes, it time they pay their share as we who work for a living do! Long live OWS! It's time we take our country back from both the Dummycrates and Republicons! Go to a ralley and you will see what the 1% and the media don't want you to see! My eyes were opened. Go to China you fucking 1% tool so you can work 12 hrs a day for .38 an hr. with no healthcare! That's what the 1% have in store for you, you Cock BROTHER TOOL!

Sun, 11/27/2011 - 11:34 | 1917359 chubbar
chubbar's picture

I feel your pain there Landrew but I'd argue that we all should be paying 15% taxes, cut spending to reflect revenue and let the chips fall where they may. We'd find out pretty quick the difference between "need" and "want". Of course the current monetary system must collapse in order to muster in a fair system that stops gov't corruption (good luck with that).

Sun, 11/27/2011 - 11:58 | 1917452 Landrew
Landrew's picture

I agree, raising taxes to what we working people pay will not do it alone. Ron Paul has it right, we need a downsizing of gov. to meet the current budget. In order to do that we need a massive cut in defense spending just to what the rest of the world spends would do. I myself want water I can drink, air I can breath, roads, bridges, schools. Without those functions we live in Mexico and NO thanks. I don't want to compete with lower and lower wages driven by the 1%! I would rather force China to increase their standard of living rather than we meet them at the bottom. We need to return manufacturing to this country as we have given tax breaks to the 1% for moving our jobs to China/India! The 1% could care less where their money is made. They have sucked this country dry and are moving on. I say if your workers are overseas you are a foreign company and you are taxed as such! Bring the workers home and you can do business here, otherwise good luck with your new Chinese government masters! How long do you think they would have THEIR business ha!

Sat, 11/26/2011 - 23:57 | 1916741 criticaster
criticaster's picture

Yes they will be the best... until someone else invades you. At that point the UK will rescue (again).

Sat, 11/26/2011 - 20:08 | 1916287 philipat
philipat's picture

Actually, the British Banks are either part Nationalised or re-capitalised and are in rather good shape compared to the German and French Banks.

Sun, 11/27/2011 - 00:29 | 1916707 TruthInSunshine
TruthInSunshine's picture

Without breaking out specific numbers, I'll put a SWAG out their that will crush the SWAG you just laid down: U.K. banks (both British and Irish) are probably worse than any other European nation's banks with the exceptions of Spain, Italy & Greece.

British banks are probably about as bad as French banks. And that's bad.

And think of this little, juicy, morsel - England's housing market hasn't really taken the deep plunge yet (Ireland's housing market has undergone a far larger correction), but it will. When that happens in England, look out below, because there's even less a foundation of real, organic economic activity than in the U.S. to absorb the balance sheet hit to banks and consumers.

The ONLY reason why we're not seeing a formal proclamation of the PIIGS+UK acronym is because England only went one foot in on the European Union experiment, really, reserving the ability to print its own money, and with much of the country opposed to giving up certain sovereign rights (although they haven't raised much of a ruckus given that they really gave up their sovereignty to the Bank of England, which is the precursor to our Federal Reserve Bank, and is in fact, the original Red Shield fractional reserve banking tentacle & parasite).

Sun, 11/27/2011 - 04:21 | 1917047 terryfuckwit
terryfuckwit's picture

i know kyle bass gave weight to this fact and big respect to kyle... but I give precedence to the fact that all banks are total Aldridge Prior fuck pig liars...and you can take those recap figures to the bank...LOL

Sat, 11/26/2011 - 20:14 | 1916294 knukles
knukles's picture

But see, 'at's where the line's drawn, id'n it?  English be fuckin' 'em selves, not having bloody lot of unelected smelly Europeans bendin' over the old Welsh sheep, is it? 
Fookin' wankers.

Stay on yer own bleedin' side the Channel, cocks!  Fix that wif a spot ov bovver, now won't we.

Sat, 11/26/2011 - 20:33 | 1916297 Not For Reuse
Not For Reuse's picture

LOL, exactly

Still waiting for this so-called dollar "parity" event to happen, too.

Hell, I'm NO fan of the euro. But I'm even less a fan of gasbag lobsterback politicians who think they can predict the currency markets.

Matter of fact, when I step back and take a look at EURGBP weekly, I can't help but notice how it looks exactly like a ginormous teacup that's been basing out since the 2008 blowoff.

Maybe we'll get to see some EUR parity after all... with the pound of shit sterling

Sat, 11/26/2011 - 18:23 | 1916055 dwdollar
dwdollar's picture

Yes, but the fact they are resorting to this level of fear mongering means shit is very close to the abyss now. Anytime you release something like this you increase the risk of bank runs.

Sat, 11/26/2011 - 19:08 | 1916186 joshua10
joshua10's picture

The pressure being applied to Germany, and England, is nothing more than a desperate money grab. The Greek government has the gall to offer bond holders 15 cents on every 100 cents of outstanding debt and Greece plans to make this payment from the recently negotiated 2nd bailout. The failing EU countries want what Germany has and have now resorted to open Mutually Assured Destruction threats if they don't get it. Germany knows this and is refusing to throw good money after bad. I would be very impressed if Germany holds the line and refuses any additional bailouts or monetization. Germans know that throwing more money at this problem will only delay the inevitable by only a few months if that long. Wiemar is still very close to the surface for many Germans.

Sat, 11/26/2011 - 19:41 | 1916227 The Big Ching-aso
The Big Ching-aso's picture

 

 

Fuck the Brits.    They can't even fix their fucking teeth much less prepare for jackshit.     I know they'll send in a Montgomery taking the bow after the U.S. has to clean up the mess.    With an 'ally' like the Brits who needs enemies?     Bunch of socialist wimps.

"Jolly wank viscious ignorant savage rioters I say ol' boy.    Why we would never do that here I say."

Naw, you guys would just shit your pants pounded up the ass all day.    Stiff upper lip and all that other BS.    The police-state 1984'ish defenseless can't own a gun horrors and general loss of liberties you've let yourselves get into sez it all.    All for the sake of proper political correctness.   Wankers.   

Sat, 11/26/2011 - 19:43 | 1916252 boiow
boiow's picture

i say,  steady on there old boy.  your diatribe is a bit harsh.  what.

Sat, 11/26/2011 - 19:49 | 1916256 The Big Ching-aso
The Big Ching-aso's picture

 

 

Well it felt good to let it out.   Ok, good point about the harshness.    I say, let's discuss this further over tea and crumpets at 3' ish ol' chap?

Sat, 11/26/2011 - 19:57 | 1916276 nmewn
nmewn's picture

Oh good show.

Carry on lads! ;-)

Sat, 11/26/2011 - 20:10 | 1916278 The Big Ching-aso
The Big Ching-aso's picture

 

 

Well indeed.  That's all good.  Join us for a spot then?

Sun, 11/27/2011 - 00:03 | 1916758 criticaster
criticaster's picture

Just you wait old bugger. Once I have finished my tea I will step outside and show johnny foreigner a thick-ear.

Sun, 11/27/2011 - 02:07 | 1916943 The Big Ching-aso
The Big Ching-aso's picture

 

 

I say there senator, sounds like a bee in the bonnet have ya?    Here, take a swig of this for the hair of the mutt that bit ya.

 

Sun, 11/27/2011 - 04:26 | 1917050 terryfuckwit
terryfuckwit's picture

well how about pots calling pans grimy fucking arse....

Sat, 11/26/2011 - 20:27 | 1916317 bentaxle
bentaxle's picture

And we're any better, having become a bunch of pepper spraying fat fuckers!?

Sat, 11/26/2011 - 21:34 | 1916434 joshua10
joshua10's picture

I can't see much difference in socialist policies between the US, UK, French, Germans, Canadians or most of the "progressive socialist" nations on earth. I can't hold up a mirror to the Brits without looking at the US government first. I'm no fan of the UK, but everyday in UK newspapers such as the Telegraph, stories are being published about the impending Euro currency implosion. It's at least giving those folks time to prep and get their $hit in order. What are we getting over here? News on Black Friday shopping deals on front page headlines, and shoppers using pepper spray in stores? Our media has gone out to lunch and they're not coming back.  Americans are totally unprepared for what is about to happen. There's at least a 50/50 chance or greater that the Euro will fail before this Christmas triggering massive sovereign defaults across Europe. I'm preaching to the choir, but if the SHTF in the next 30 days, folks in Europe will be getting a lot thinner.

Sun, 11/27/2011 - 04:32 | 1917056 terryfuckwit
terryfuckwit's picture

in uk i tell you know one knows fuck all about gold or silver and msm completely keep a lid on it.. no one is prepared.. but this is no reason for ascinine rant abusing the uk...i dont come to zh for mutton head racist rants.. but end up reading it to get to the intelligent posters on here

Sun, 11/27/2011 - 10:18 | 1917268 Landrew
Landrew's picture

Oh you mean like here in the states? I thnk the pepper spray told you what's in store for OUR RIGHTS! I think O'Bummer should be impeached for using HOMELAND (Fatherland) against citizens! That is impeachment a factor of 10 beyond the blue dress.

Sun, 11/27/2011 - 00:45 | 1916844 TruthInSunshine
TruthInSunshine's picture

joshua10: The pressure being applied to Germany, and England, is nothing more than a desperate money grab.

+1

They need Germany on board to let the ECB begin absorbing PIIGSFUK sovereign debt, in which case they're simply sacrificing their economies by wicked inflation and currency debasement (not the same things, but they'll get the worst of both of these experiences), in order to maintain the cradle-to-grave welfare states they've established, IF ONLY FOR A FEW MORE YEARS, and so they can keep their incredibly bloated public/government employee sector fat & happy for a while longer.

Any German that sacrifices 2 generations of Germany's citizens' futures to prop up the fatally flawed EU for a few more years at most is a traitor and should be treated accordingly.

Sun, 11/27/2011 - 02:19 | 1916965 joshua10
joshua10's picture

I travel to Germany about once a month on business and I can say with 100% confidence that the overwhelming majority of German citizens wants nothing more than to wash their hands of the PIIGS nations and leave them to their own fates. While the high level leadership, like Angela Merkel, may be persuaded to ease restrictions on Euro Zone currency rules to permit Euro currency inflation under enough pressure, the local politicians are getting an ear full non-stop everyday from the German people who are vehemently opposed to any new bailouts for the PIIGS. It will be interesting to see what Merkel decides to do before year end; fall on her sword, or listen to the German people. Personally, I'd listen to the people if I were her.

Sat, 11/26/2011 - 23:51 | 1916729 Ivan the Russian
Ivan the Russian's picture

The advice is fair given the dangers of getting stuck in a collapsing nation, and whilst there's always the possiblity that you are in fact correct, I find the level of animosity towards Britain coming from U.S. commentators baffling, thick and childish. I had a brief converstaion last weekwith an American from La Rouche. For those familiar with this organisation, you'll already know that they blame Britain for all the world's ills and lay squarely at it's feet a plot to start WW3.

Firstly, it is Britain that has been dragged into most of America's wars since 1945. Secondly, blaming your old colonial master for all you home made problems not only sounds immature; but makes you look like you can't take responsibility for actions and screwing up your bizarre culture experiment in less than 200 years.

American's should grow up, as a nation your sound increasingly like nothing more than chilren throwing your rattle out of the pram. 

 

 

Sun, 11/27/2011 - 00:14 | 1916772 Cathartes Aura
Cathartes Aura's picture

amrkns can be terribly immature when it comes to "defending their status," so I'll not take up the defense here - but I think it's the financial class in Britain that most here at least are pointing fingers at - after all, The City & the Wharf are headquarters (oooh, if only their heads were. . .quartered! sooo close to Tower Bridge too, sigh) for globalist banking cult that is pulling all the strings now, including dragging allied nations into resource wars.  (hint: stop volunteering for the career chaps)

anyone who blames another "nationstate" is still labouring under the delusion that national boundaries are anything other than invisible fences around the livestock - it's a great big ole feedlot now, and the slaughterhouse can be sniffed from here.

Sun, 11/27/2011 - 10:26 | 1917279 Landrew
Landrew's picture

How true, we at the bottom will fight amongst ourselves for scraps as the 1% look on from the box seats. Bring back the guillotine! Would you rather have hand powered for drama or mechanized for speed?

Sun, 11/27/2011 - 04:35 | 1917058 terryfuckwit
terryfuckwit's picture

and some...well said .. but most usa posters are not of this ilk

Sun, 11/27/2011 - 05:15 | 1917070 ToNYC
ToNYC's picture

Britain is the pot calling the kettle black. The City as financial center is emptying out and that was their big show.

Sat, 11/26/2011 - 16:39 | 1915807 Careless Whisper
Careless Whisper's picture

The Careless Whisper Saturday Update And Threadjacking

 

 

FLASHBACK: 2009 Lawsuit Against MF Global Dismissed Because Plaintiffs Couldn't Prove Allegations that with the proper password anyone could access client accounts and trade in them at any time; MF Global traders were able to trade without regard to margin requirements, collateral, or ability to pay,... (see pages 6-7)

http://scas.issproxy.com/pdf/30321-Decision_and_Order_of_Dismissal-20090...

Greenwich Newspaper Interviews Jim Rickards

http://www.greenwichtime.com/news/article/Darien-author-warns-of-another...

Pfizer Grossing $7 Billion Per Year From Lipitor; Goes Generic Next Week

http://www.cbsnews.com/8301-18563_162-57331390/lipitor-will-be-generic-a...

Another Upscale Town Tells Boutiques; Plastic Bags Are Too Tacky

http://www.lohud.com/article/20111126/NEWS02/111260325/Rye-plastic-bag-b...|newswell|text|Frontpage|p

MEXICO: 24 Murders In One Day In Sinaloa

http://www.mercurynews.com/breaking-news/ci_19399257

MEXICO: Governor Sends His Kids To Secret Location Abroad

http://latino.foxnews.com/latino/news/2011/11/25/mexican-governor-sends-...

MEXICO: Drug Cartels Accused Of Financing Both Political Parties (Where Did That Idea Come From?)

http://latino.foxnews.com/latino/news/2011/11/23/mexico-investigates-dru...

MOST RIDICULOUS MSM STORY OF THE DAY: Anthony Weiner Has X-Rated Moustache

http://www.nypost.com/p/news/local/queens/weiner_rated_stache_h16WPFjwd5...

Ford To 4,000 Employees In Spain; Vamos A Casa

http://www.leftlanenews.com/ford-to-temporarily-idle-4000-workers-in-spa...

2 Made In China Cars Earn 4 Star Safety Rating

http://wot.motortrend.com/getting-better-chinese-improving-car-crash-saf...

EU Court; No Web Filters, No Internet Monitoring

http://www.rawstory.com/rs/2011/11/24/eu-court-rules-against-web-filters...

Leaked Brian Terry Grand Jury; Military Trained Men Stalked Border Patrol Agents, 2 Rifles From "Fast & Furious"

http://www.washingtontimes.com/news/2011/nov/22/armed-illegals-stalked-b...

Protests Against Newmont Gold Mine In Peru

http://latimesblogs.latimes.com/world_now/2011/11/peru-gold-mine-protest...

Hero Cop Risks Life Saving Drowning Woman Who Drove In Canal; Worked All Night At Target

http://www.palmbeachpost.com/news/pbso-deputy-saves-black-friday-target-...

PHOTO OF THE DAY: Marijuana Seized At Southern Border

http://latimesblogs.latimes.com/.a/6a00d8341c630a53ef0162fce8c014970d-pi

VIDEO: NEWS EXCLUSIVE: Interview With Gay Cop Fired By Pepper Sprayer Lt. John Pike

http://www.youtube.com/watch?v=63bia-XrioU

Sat, 11/26/2011 - 17:35 | 1915946 Bansters-in-my-...
Bansters-in-my- feces's picture

Fuck the Senators,

You's Americans better learn to fight like soldiers soon,Against soldiers.

Or die like cowards.

Sat, 11/26/2011 - 17:51 | 1915991 Dixie Frank
Dixie Frank's picture

Many commentators on this blog type of martial law, silly. The US has 3 million military members, including the National Guard and Reserve. 20% of the 3 mil overseas at any one time, deployed somewhere or based in Japan, Korea, England, Germany, etc. Of the 3 mil, MOST are not combat troops (90% of the Air Force and Navy for example, plus staff officers and enlisted folks, logisticians, finance, etc.) The US military couldn't maintain martial law in California alone, much less than the whole country. Besides, many of us wouldn't round up our fellow citizens anyway.

If there is a massive collapse and riots and burning, we'll be more concerned with protecting our own homes and families, vs running around attempting martial law foolishness.

If the cities do start burning, I hope you have the means to protect yourselves, you can count me and many of my fellow troops out.

Sat, 11/26/2011 - 18:19 | 1916050 Dugald
Dugald's picture

And that's called "Fuck you Jack, I'm all right, pull up the ladder.....

Sat, 11/26/2011 - 19:13 | 1916197 Piranhanoia
Piranhanoia's picture

More like,  I am not there, I'm stuck in another country, and/or   when I get back to chaos, I will be guarding my own.

Sat, 11/26/2011 - 20:48 | 1916351 Savvy
Savvy's picture

Sure it is and a dose of truth on the side.

Sat, 11/26/2011 - 20:32 | 1916321 Iam_Silverman
Iam_Silverman's picture

" MOST are not combat troops (90% of the Air Force and Navy for example,"

And you know this first hand?

I spent six years in the U.S. Navy, and we had to qualify regularly with M-16's, 1911's and 12 ga. pump riot shotguns.  We routinely conducted close-quarter force on force drills at sea and in port.  We had to be able to supplement shore forces (USMC) protecting our bases.

My rate?  Machinist Mate.  That means I worked in the engine room on a ship (or submarine).  This training was required for everyone on board in the 80's.  So, your broad suggestion that most of the Armed Forces are in support positions doesn't paint the whole picture.

Additionally, the oldest of my two younger brothers just transitioned into the reserves.  He was in a "Special MP" unit (urban tactics).  His feel is that they were being trained to some day be used CONUS, but nearly everyone he spoke with in his division hinted that they would not violate Posse Comitatus, and many have been spreading the word.  I have been able to glance over the non classified parts of their strategy and planning guides.  Good stuff there.

Sat, 11/26/2011 - 21:53 | 1916474 Dixie Frank
Dixie Frank's picture

Yes sir, first hand, Air National Guard. Trust me, times have changed. The weapons training is not what it used to be unless you are spinning up for a deployment. Urban warfare/martial law is a whole different animal.

I'm not trying to ruffle any feathers, just trying to make the point that martial law in the US is a silly pipe dream due to force size, logistics and most importantly sentiment like "Oath Keepers."

Sun, 11/27/2011 - 00:58 | 1916859 TruthInSunshine
TruthInSunshine's picture

Dixie, you (and I) might be suprised and disappointed as to what happens to all the greatest of man's intentions and beliefs when things deteriorate to such a point that he and his children won't eat unless he follows orders.

I've never experienced this, and I hope I never live through such a period, but history advises us that we'd be naive to think that she neither repeats nor rhymes.

Sun, 11/27/2011 - 10:25 | 1917278 Iam_Silverman
Iam_Silverman's picture

"Trust me, times have changed. The weapons training is not what it used to be unless you are spinning up for a deployment"

That is just so demoralizing.

"Urban warfare/martial law is a whole different animal."

If what you are saying is that won't happen - then we are in agreement.  They will never try to use our own troops against us on our own soil.  Of course we may be "liberated" much the same as Libya and Egypt were.  That NATO agreement works both ways.  We could call for help when we are "attacked" by Mexico, and they would all swoop in to help "stabilize" our country and economy.

Sun, 11/27/2011 - 12:35 | 1917601 chubbar
chubbar's picture

I'd say go read the details of S1867 that is being voted on tomorrow before you get too comfortable with that view. Google it.

Sun, 11/27/2011 - 00:25 | 1916801 Cathartes Aura
Cathartes Aura's picture

I wonder if the "many of us wouldn't round up our fellow citizens anyway" would round up those same citizens if they were given new labels by those who authorise your pay?  because I see the Congress is pushing their legislation forward to strip citizens of all civil rights, to be disappeared at the drop of an order by someone "higher up" than you - do you follow the order when the citizen is renamed a trrrrrrst, or NME combatant or suspicious or threatening or????

I'm betting on compliance for now, because that's just how the story always goes - would love to be proven wrong, but anyone IN SERVICE right now is a volunteer to what is actually happening in the world, and that's ugly.

please, DO prove me wrong, soon.

Sun, 11/27/2011 - 03:24 | 1917018 hunglow
hunglow's picture

 I don't think you understand, these boys killed my dog. ...

Sun, 11/27/2011 - 02:41 | 1916983 Nobody For President
Nobody For President's picture

Good on you for bringing this up, Dixie.

Once upon a long time ago, I was Infantry, and after active duty joined the Cal ARNG 49th Infantry. Our northern Cal company was sent south during the Watts Riots of nineteen ought sixty-four or five and I offer a couple of thoughts to the ZH tribe from that experience:

- We were all volunteers, but we were also all citizens, and we had more or less on-going discussions and reminders that we were trying to restore order, but the people in Watts were NOT the enemy. It was pretty clear that poverty and unemployment and ghettoization and all that 'social stuff' were the enemy, plus the still strong prejudice against blacks, which has tapered down a lot since then (but still is there, alas).

- All vets take the oath when they come on board to uphold the Constitution blah blah blah - but guess what? Most of us really believe in that shit - and the "Country" and the "Government" are not the same thing, and most of us can keep that pretty straight. Just because you are in uniform does not mean your bullshit detector gets turned off. A year (or two) after Watts came the Berkiely anti-war riots, and my company was out in the streets again (I was out of the service, and working in Berkely at the time). My old troops did not load their weapons, to insure there were no Kent State 'accidents'/incidents. The idea that the current all-volunteer military would fire on US citizens on US soil just because they were ordered too, without serious provocation, is kind of an iffy deal. It would be seriously bad for morale, and You Tube blowback (screw MSM, they would probably justify it) could be really seriously bad. Our troops ain't robots - they are trained, obviously dedicated, but warring on our own citizens on our own soil is so seriously fucked and out of the US historical military gestalt as to be questionable as to workablility.

- It takes a FUCK of a lot of troops/cops/whatever to restore civil order in a given area when it breaks down - even when they are not being shot at. If SHTF in a bunch of major cities at more or less the same time, and there are 'incidents' involving stupid deaths of innocent people that tip even more people over the edge - their won't be enough troops.

 

So lets not go there...

Nobody

Sun, 11/27/2011 - 09:54 | 1917223 steelrules
steelrules's picture

Remember New Orleans after Katrina, what's the first thing the military and police started doing?

It wasn't getting people water or food, it wasn't trying to get people out of the Superdome it was going around taking peoples legal guns so they couldn't defend them selves or protect their property.

 http://www.youtube.com/watch?v=zlvxIdSI7V4 I guess in the end Alex Jones has been right all along, hell even the Drudge report links to Infowars now.

Be ready get ready because the uber rich and politicians are.

And if we've learned anything in the last 10 years from Katrina to the financial collapse the elite don't give a flying F*#k about you.

Sun, 11/27/2011 - 16:18 | 1918457 smiler03
smiler03's picture

Insert rascist comment from TRAV here

Sat, 11/26/2011 - 18:07 | 1916021 TheAkashicRecord
TheAkashicRecord's picture

//Even Rep. Ron Paul (R-Texas) raised his concerns about the NDAA detention provisions during last night’s Republican debate. //

Why the fuck does the article say "Even Rep. Ron Paul..." like it would be something atypical for him to oppose?

If there is anyone that would raise concerns about this, it would be him.

Fuck you writers of this article, fuck you.  Ron Paul has been fighting against the police state, the militarization of the police, and centralized authoritarian control measures for decades.

Sat, 11/26/2011 - 18:10 | 1916031 ffart
ffart's picture

And the circle is complete. The average american is no better off now than when they were english subjects in the early 18th century. Congratulations, international bankster cartel. You've succeeded in murdering what was a short time the greatest country on earth. I think I'm gonna hit the chinese buffet now.

Sat, 11/26/2011 - 18:25 | 1916070 Dugald
Dugald's picture

It will be again....Once you flush ALL the crooks and grafters from your political system, its up to you, and I hope with the few years I have left I get to see it happen. Good Luck, you really are going to need it.

Sun, 11/27/2011 - 01:30 | 1916878 i-dog
i-dog's picture

And look at who created this odious bill: the "other" presidential candidate in the last election, Senator John McCain!!!

"The worldwide indefinite detention without charge or trial provision ...... The bill was drafted in secret by Sens. Carl Levin (D-Mich.) and John McCain (R-Ariz.) and passed in a closed-door committee meeting, without even a single hearing."

McCain was endorsed by Jesuit priests and his two sons went to Jesuit prep schools. Levin is, no doubt, from the Sabbatean wing of the tribe. Just sayin'......

The noose is closing fast and they're no longer hiding their intentions.

Sun, 11/27/2011 - 03:33 | 1917017 Joseph Jones
Joseph Jones's picture

Israel's air force diliberately and meticulously murdered several dozen US Navy sailors on the USS Liberty.  The judge who insured Israel got away scot free with that act of war was no other than John McCain's father.

Many naive stupid goyim like to quote the Crusades as proof that the Papists hate "Judaism" (this word found no where in scripture of course) and the Talmud.  I deny no act of aggression by the many Popes. 

But the Christian (real, not a churchianist like scum bag McCain et all) Michael Hoffman documents that many Talmudic Rabbis faked their conversions to Papism, infiltrated Rome, and strongly and effectively exerted their influence.  One of the strongest proofs is the greatest gift ever given to the Rabbis, being the Pope's permission to print the Talmud in the early 17th C. 

Anyone not clear that so-called "Protestantism" is ruled almost exclusively by Rabbis is a Rabbi-apologist (i.e. liar) or their IQ is half their shoe size.   

Sun, 11/27/2011 - 06:22 | 1917084 i-dog
i-dog's picture

I beg to differ on your [mis]direction to the rabbis ... and therefore your confusion between Judaism and Luciferianism (and similarly, any confusion between Jesuits and Roman Catholics). I'll explain:

The Sabbateans and Jesuits are the modern (Luciferian) outgrowth of the original Pharisees, dating back to the Israelites' and Judeans' exile in Babylon (where the Pharisees picked up their luciferian kabbalist voodoo, while the Sadducee rabbis were cobbling together their Torah) around 600BC.

The serious rift between the priests/rabbis (Sadducees) and the sages (Pharisees) developed at the time of Alexander the Great (claimed direct ancestor of the British royal family) around 330BC. The Pharisees, like the Sabbateans and Jesuits, were opposed to aristocratic hereditary rule (the Levis and Cohens of the priesthood) and instead passed on knowledge through selected intelligent initiates by way of secret societies (the origin of more modern intellectual elites as the Illuminati, Rhodes Scholars and Bonesmen).

Early on in the Roman church, the centres of learning lay with the Augustinians (who tutored Muhammad and created Islam) then, since 1534, with the Jesuits (who perfected communism in South America from 1600, later created the Illuminati in 1776 and finally, by 1789, had taken over all Masonic lodges at the higher degrees). Since 1878, the Jesuits have also controlled the papacy.

The battles between the Luciferian intellectuals (Sabbateans in the Jewish religion; Jesuits in the Roman religion) and the aristocratic religious inheritance tradition (the rabbis and the papacy) continue to this day - with the Luciferians now controlling both Labour Zionism and the Papacy and working very closely together. The European royal families have sided with the luciferians for centuries and trace their bloodlines back to well before the rise of judaism (but that's a separate story).

Whether the jews control the papists or the papists control the jews is irrelevant - the Luciferians (both 'jew' and 'gentile') now control the levers of government and finance. Hating the Joos, or hating the Micks, is totally counter-productive ... we need to root out the conspiring intellectual elites who are hell bent on directing every minute aspect of the lives (including who should live and who should die) of what they call the "useless eaters".

Sun, 11/27/2011 - 09:56 | 1917227 terryfuckwit
terryfuckwit's picture

mmm skyman stories... mother and father of all insanity

Sat, 11/26/2011 - 18:19 | 1916054 bbq on whitehou...
bbq on whitehouse lawn's picture

I talked to one of my new relitives, and i quote: " We'v allways been in a recession, cause we, always been broke."

Now you know.

When they came for the crackheads, i didn't speak out; because i was not a crackhead.

When they came for the welfare i didn't speak out , because i wasn't on welfair.

When they came for the illigales i didn't speak out, because i wasn't a wet back.

When they came for me, oddly no one gave a shit. I wonder why.

 

Sat, 11/26/2011 - 20:09 | 1916291 CrockettAlmanac.com
CrockettAlmanac.com's picture

When it came time to do a spell check I didn't click on the icon because I didn't realize that there was anything wrong with the way I spell.

Sat, 11/26/2011 - 19:20 | 1916205 Mike2756
Mike2756's picture

Don't see it.

 

    (b) Applicability to United States Citizens and Lawful Resident Aliens-
  •  
      (1) UNITED STATES CITIZENS- The requirement to detain a person in military custody under this section does not extend to citizens of the United States.
    • (2) LAWFUL RESIDENT ALIENS- The requirement to detain a person in military custody under this section does not extend to a lawful resident alien of the United States on the basis of conduct taking place within the United States, except to the extent permitted by the Constitution of the United States.

http://thomas.loc.gov/cgi-bin/query/F?c112:1:./temp/~c112gx3DNi:e464889:

 

Sat, 11/26/2011 - 21:13 | 1916396 Sedaeng
Sedaeng's picture

I just did a run through of the PDF version of this bill.  I could not locate how this applied to US Citizens either.  Is there an amended version we are not seeing?

Sun, 11/27/2011 - 03:41 | 1917023 Joseph Jones
Joseph Jones's picture

MIC (murderer in chief) Obumfuck, on his say-so only, just murdered in cold blood, sans trial, US citizen Anwar Al-awlaki, with no blowback in the USA whatsover.

The MSM just nod their heads up and down and some Judaic money in Hollywood likely plans a movie to glorify the military based on the event.

Now anyone who thinks this is a land of laws is just truly stupid and/or insane.   

Sun, 11/27/2011 - 00:55 | 1916870 Ranger4564
Ranger4564's picture

They're preparing legislation to allow the GOV to use the military to silence opposition in the country, by using the national threat excuse to imprison protesters without trial.  Indefinitely.   I imagine they had this in the plans all along, far back, well before the economic collapse even, but now that they've gotten the middle east in protest hell, and they're frothing europe into a protest hell, they've slowly go the americas warming up for a protest hell.  Except that the protests will just lead to imprisonment or death, depending.  Not a good time to be a silent observer.  If we don't stop this madness now, it will be far too late. Far too late. It's already very late. 

It appears things are about to get very ugly in the next couple of months / years.

Sat, 11/26/2011 - 16:40 | 1915795 GoodMorningMr.V...
GoodMorningMr.VanRumpoy...'s picture

Strange indeed! A government actually foreseeing and preparing for the inevitable and the obvious.

Sat, 11/26/2011 - 16:53 | 1915844 Zero Govt
Zero Govt's picture

the British Govt never sees anything coming, least of all on Europe where all 3 Parties want 'in' while everyone in the country wants 'out'

..this is a contrarian indicator... Sterling's probably going to explode up Mervyn Kings arse next week

Sat, 11/26/2011 - 17:11 | 1915898 english serf
english serf's picture

Exactly. the public want out but all the career politicians want in.I wonder why?

Sat, 11/26/2011 - 17:30 | 1915940 Sudden Debt
Sudden Debt's picture

Got change for a silver eagle or should i just buy the whole place?

Sat, 11/26/2011 - 16:36 | 1915796 Azannoth
Azannoth's picture

Once the Euro collapses we will know the answer to the question "Who owes you nothing?"

Any1 living in Europe should better have 2-3 months cash on hand, and enough food and necessities to last at least 1 month

Sat, 11/26/2011 - 17:07 | 1915889 Long-John-Silver
Long-John-Silver's picture

How do you calculate 2-3 months of cash on hand when the cash you have on hand is in Euro's that have become worthless?

The only "cash on hand" that will not become worthless is Gold and Silver.

Sat, 11/26/2011 - 17:28 | 1915928 Hearst
Hearst's picture

"The only "cash on hand" that will not become worthless is Gold and Silver."

 

The sad part is, this will ring true for all the people in Europe, America, and around the world.  But only after the collapse in currencies happens.  Those who have already looked at monetary history and with great fortitude agree that the types of money which inheriently preserves its value over long periods of time can only be Gold and Silver. 

Sat, 11/26/2011 - 17:33 | 1915948 WestVillageIdiot
WestVillageIdiot's picture

And this is the thing that should keep everybody up at night.  What happens if all of that cash you have saved over the years suddenly becomes, maybe not worthless, but worth a lot less?  To do nothing to protect against that is stupid and irresponsible.  Unfortunately, when you speak to most people, they think the thought of protecting against currency devaluation is tin-foil hat material. 

I still remember my high school chemistry teacher had an old saying hanging in his classroom.  "A failure to prepare on your part does not constitute an emergency on my part."  I think a lot of people are about to learn this lesson. 

Sat, 11/26/2011 - 17:37 | 1915954 Sudden Debt
Sudden Debt's picture

I've got a 4 month bankroll at home but now i'm seriously thinking of buying dollars with them. And i think i'm going to increase it with another month.
My pm's won't cut it in those first months. That is, i'm not selling cheap, but never the less they should get me through for 4 years at current value.
And i bought a 10 point safe today at a auction, because you never know. Burglary is up bigtime these last 6 months and if they get passed my 2 dogs, i still want them to be bussy for a while.

Sat, 11/26/2011 - 20:36 | 1916332 Iam_Silverman
Iam_Silverman's picture

" but now i'm seriously thinking of buying dollars with them"

Wait for a few more weeks and buy Deutschmarks!  A much more stable regional currency, no doubt.

Sat, 11/26/2011 - 17:36 | 1915960 Azannoth
Azannoth's picture

In the innitial consufion when people won't know what's happening I bet some will accept your paper until they realize it's worthless, I guess 2-3 months sound reasonable for that, any why would you want to trade your gold/silver that early on after the collapse better have some 'decoys'

Sat, 11/26/2011 - 17:40 | 1915968 Sudden Debt
Sudden Debt's picture

Yep, totally agree.
The banks will stop issueing money, so the paper will run for a few months after that because there will be a lack of money in the beginning.
One tip for everybody is keeping it all outside the bank, and every month should start with the withdrawl of you you salary.

Sun, 11/27/2011 - 00:19 | 1916784 Big Slick
Big Slick's picture

"keep it all outside the bank, and every month should start with the withdrawl of your salary."

Agree with the first part, but I'm not familiar with this 'salary' of which you speak.

Sat, 11/26/2011 - 17:55 | 1915999 kito
kito's picture

If there were a societal breakdown and monetary collapse, not based on hyperinflation but based on the failure of the fractional banking system to deliver the physical cash, you better have the actual euros/dollars on hand because they damn well will be worth its weight in gold in the short term....

Sat, 11/26/2011 - 18:52 | 1916138 nwskii
nwskii's picture

If you showed up at my farm to buy eggs and veggies with Cash I would laugh my ass off. Silver and gold move to the front of the line, the rest of you disperse!

Sat, 11/26/2011 - 19:00 | 1916166 kito
kito's picture

Yes because im sure that when mass chaos immediately ensues after a monetary collapse, the herd of crazed depraved sheeple will be lining up in an orderly fashion with silver in hand at your farm just for your eggs.....

Sun, 11/27/2011 - 01:21 | 1916908 i-dog
i-dog's picture

Yep. Just picture the Black Friday Wal-Mart crowd arriving at his farm gate in a fleet of pickups ... as soon as word gets out that he has eggs. Should be an orderly queue, eh?!

But look on the bright side: At least his vegetables will be safe! The only vegetables that crowd would know about are the ones they left behind because they were too fat to fit in the pickups.

Sat, 11/26/2011 - 18:40 | 1916100 natty light
natty light's picture

One solution is to now buy highly useful items (e.g. AA batteries) with fiat.

Sat, 11/26/2011 - 21:23 | 1916414 DosZap
DosZap's picture

Long-John-Silver

At this point, you convert Euro's to USD's........................last man holding gets it in the FRANK.

Sat, 11/26/2011 - 16:35 | 1915797 max2205
max2205's picture

That's got to be a buy signal

Sat, 11/26/2011 - 17:35 | 1915952 WestVillageIdiot
WestVillageIdiot's picture

I believe it is a sign that we should load up on Lululemon, Chipotle and Starbucks stock.  The next bull market must be here. 

Sat, 11/26/2011 - 16:37 | 1915801 navy62802
Sat, 11/26/2011 - 17:36 | 1915962 WestVillageIdiot
WestVillageIdiot's picture

Has the death of the Euro become a self-fulfilling prophecy at this time? 

I'm starting to think that this will happen and will not be nearly as devastating as everybody is making it out to be.  The earth will not stop spinning around.  As the Euro ends I think The Fed will print like a motherf-------.  

Sat, 11/26/2011 - 18:26 | 1916072 navy62802
navy62802's picture

The earth will not stop spinning around.

That's a true statement. It will end the aspirations of many a financial thief, but alas the world will not stop spinning. I thought exactly the same thing back during the 07/08/09 crisis. Sure, there will probably be a bit of pain, but the world will not end. When we listen to people like Hank Paulson who told the US government that the world will end, we needlessly put ourselves in a box. The world has survived the death of currencies for thousands of years. And it will survive this. Anyone who tells you otherwise has motives they are not telling you about.

Sat, 11/26/2011 - 18:48 | 1916131 Caviar Emptor
Caviar Emptor's picture

World may end for some though. 1930s crises did end the world for many millions. And for those severely impoverished from milder crises, the world did end to a large degree. Like musical chairs. If you're out, the game is over for you. But the music does keep playing

Sat, 11/26/2011 - 18:57 | 1916156 navy62802
navy62802's picture

In the event of a global financial disaster (i.e. a global depression), nations around the world will turn all their efforts inward toward their own people. As a result, the poor of First and Second World nations will survive on the goodwill of their respective governments. However, those of the Third World who depend on the goodwill of foreign nations will likely perish.

I believe, however, that the global powers would rather have a world war right now. That's the only way they can distract their populations from the misery that is at hand.

Sat, 11/26/2011 - 20:57 | 1916368 Savvy
Savvy's picture

Good point and probably far more accurate than my imagination. But there's ways to come out ahead of it, and ways to go hungry. I do think our next spec bubble will be the calorie.

Sun, 11/27/2011 - 03:14 | 1917013 Nobody For President
Nobody For President's picture

Well WV Idiot, if 'Death of the Euro' is not a sef-fulfilling prophecy, it sure as hell makes a great meme...

"Soverign Debt Crisis" has a nice ring to it as well.

However ..."a disorderly departure of some countries from the euro zone,”  is my favorite phrase of the moment.

And you are right on that the earth will abide...

and the Fed will print.

Sat, 11/26/2011 - 21:48 | 1916458 earleflorida
earleflorida's picture

all the msm [print/tele,etc.,] news in the world is cotrolled by a handful of incestuous crossbred gargoyles over the last two centuries,... the 'ingsoc' feeds, are a colorfast warped 'savoir`faire', play on fear, manifesting a life of their own for improvisation on a daily binary-loop, truncated 24/7 for the bestest subtle obfuscation 'oligarchiom' can buy  

now look in the voiceless microphone, or talk into the blind camera, and say pretty please,... give me more,...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sat, 11/26/2011 - 16:38 | 1915803 Lord Welligton
Lord Welligton's picture

From the New York Times ..........

PARIS — For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen.

http://www.nytimes.com/2011/11/26/business/global/banks-fear-breakup-of-the-euro-zone.html?_r=1&hp

Perhaps a breakup of the Eurozone "is never going to happen".

That doesn't mean that Greece will be a member.

Or Germany for that matter.

Sat, 11/26/2011 - 16:59 | 1915864 Zero Govt
Zero Govt's picture

the Eurozone has started to splinter and crack ...soon the Titanic will sink so fast even the band won't have time to strike up a chord!

Politiicians don't see the iceberg coming and even when it strikes they're still in denial it's more than a scratch

How do they expect the Eurozone to stay together when 14 meetings in 24 months they can't agree to anything or come to a single coherent decision

What a pathetic profession

Sat, 11/26/2011 - 17:05 | 1915883 Lord Welligton
Lord Welligton's picture

You might find that the Politicians have already embarked the lifeboats.

They are speaking to the people left on board via teleprompter.

This will not end well.

Sat, 11/26/2011 - 17:33 | 1915949 Zero Govt
Zero Govt's picture

it won't end well because it never started on the correct footing ..the floorboards were rotten to begin with

anything designed by politicians has all the integrity of a Goldman Sucks 'Pump & Dump' floatation... war guilty German politicos and idealistic (socialist) Frenchmen ..what a cocktail of complete bollocks 

...opps the floor has disappeared

Build anything on idealism and there's only one result... Europeans are quite capable of cross border commerce and culture without a bunch of peanut brained windbags trying to force the pace

While this crumbles to dust i'd like live coverage of Burrusos, Van Rompuys and Trichets faces

Sat, 11/26/2011 - 17:36 | 1915958 Going Loco
Going Loco's picture

The Euro is not going to disappear. The European Union is not going to disappear. The corner stone of the edifice is going to be the ECB, even though the Tylers keep telling us it's insolvent.

The decision has been taken. The way out from the impasse will be sovereign default. This will destroy the banks but new banks will rise from the wreckage. There will be a period of disclocation but when the dust clears the ECB, the Euro, and the EU will still be there.

Sat, 11/26/2011 - 17:48 | 1915982 Zero Govt
Zero Govt's picture

you don't appear to understand your history or your current affairs!!

how do you expect the EC/EU/ECB to stick together when its politicians cannot agree anything (at all) in 24 months of non-stop windbagging (meetings)???

Let me repeat this slowly: the politicians cannot agree

and we've now reached the situation where no Euro Govt can contain their debt and no Euro Govt has any intention of carrying the can (debt) for any other

It's every man for himself.. the 'unity' is a busted flush... Merkal is already dead in the water come election and the EZ is a steaming turd amongst the German electorate who have funded this idealistic shithole for decades

so here's the News: without Germanys continued support the EU is toast 

I thought the EC/EU/ECB was toast by 2014 but at this pace of falling to bits i'll take bets the whole shitb ag will be flushed down the sewer before end of 2012 

Sun, 11/27/2011 - 03:12 | 1917012 The Big Ching-aso
The Big Ching-aso's picture

 

 

Well he is afterall.....Going Loco.     Who are we to argue?

Sat, 11/26/2011 - 17:56 | 1916000 Nozza
Nozza's picture

lol

I hope you are right...

Sat, 11/26/2011 - 18:37 | 1916095 Dugald
Dugald's picture

Indeed....and driven by most of the original crooks, incompetants, bloody no-hopers and hangers on that were there in the first place. Some rebuild that will be...

Sun, 11/27/2011 - 00:53 | 1916863 TruthInSunshine
TruthInSunshine's picture

The EU is already dead.

We'll hear the eulogy sometime in the next 12 to 24 months.

Sat, 11/26/2011 - 17:38 | 1915963 WestVillageIdiot
WestVillageIdiot's picture

Prostitution is  a profession.  Politics is not a profession.  It is a criminal enterprise. 

Sat, 11/26/2011 - 18:21 | 1916062 vocational tainee
vocational tainee's picture

it is intelectual prostitution...

Sat, 11/26/2011 - 17:41 | 1915971 earleflorida
earleflorida's picture

are you talking usofa-zone,... i can't distinguish the parallels, other than two lines converging on a downward slope? 

Sat, 11/26/2011 - 18:43 | 1916118 natty light
natty light's picture

The Eurozone will be Luxembourg and Belgium.

Do NOT follow this link or you will be banned from the site!