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

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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).

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