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Hague Says UK Treasury "Quietly" Preparing For "Contingencies On Euro"

Tyler Durden's picture




 

Just a headline for now, but hardly a pleasant one for non Euroskeptics:

  • Hague tells UK Treasury preparing for contingencies on Euro. 
  • Preparations under way in a “quiet, assiduous way,” Hague tells CBI conference

More as we get it.

 

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Mon, 11/21/2011 - 11:21 | 1898486 achmachat
achmachat's picture

so who is stabbing whom in the back now?

Mon, 11/21/2011 - 11:27 | 1898522 mayhem_korner
mayhem_korner's picture

 

 

Textbook circular firing squad.

Mon, 11/21/2011 - 11:24 | 1898489 Smithovsky
Smithovsky's picture

Why 'contingencies'?  It can only end one way.  

Mon, 11/21/2011 - 11:24 | 1898506 lolmao500
lolmao500's picture

 

  • Hague tells UK Treasury preparing for contingencies on Euro.

And by ``contingencies``, they mean, ``way to get in``... yes, they are that insane.

Mon, 11/21/2011 - 11:26 | 1898515 Snakeeyes
Snakeeyes's picture

What continegencies?

 

Mon, 11/21/2011 - 11:27 | 1898518 mayhem_korner
mayhem_korner's picture

 

 

I'm quietly preparing for contingencies on the UK and US treasuries.

Mon, 11/21/2011 - 11:31 | 1898539 GeneMarchbanks
GeneMarchbanks's picture

As are all Au + Ag holders.

BTW, just cause no one said it in a while, fuck Jon Corzine.

Mon, 11/21/2011 - 11:58 | 1898639 Spastica Rex
Spastica Rex's picture

+1 Thank you!

Mon, 11/21/2011 - 13:14 | 1899096 koperniuk666
koperniuk666's picture

I fucked his sister- Does that count?

Mon, 11/21/2011 - 11:27 | 1898521 Racer
Racer's picture

So the Euro is liking this as it is going back up again and not down much at all really considering?

Mon, 11/21/2011 - 11:29 | 1898526 j0nx
j0nx's picture

Deciphered: Contingencies to allow the big players to get out before the news is released to the world and all the little people get fucked.

Mon, 11/21/2011 - 11:32 | 1898546 DogSlime
DogSlime's picture

Yep :(

Mon, 11/21/2011 - 11:30 | 1898531 kito
kito's picture

im quietly preparing for contingencies as well. stocked pantry, stocked medicine cabinet, stocked firearms........

Mon, 11/21/2011 - 11:32 | 1898535 M.B. Drapier
M.B. Drapier's picture

Seems that Hungary's starting to crumple too. A non-Euro country caught up in the European debt crisis? Do tell.

Mon, 11/21/2011 - 11:31 | 1898538 Matt1973
Matt1973's picture

Get it over with already.

Mon, 11/21/2011 - 11:31 | 1898541 DogSlime
DogSlime's picture

HA!

"Preparations" - like bending over and giving your arse a final kiss goodbye?

There's little the UK can do to mitigate the impact of the (inevitable) meltdown in Europe.

Brace for impact.

 

 

Mon, 11/21/2011 - 11:46 | 1898591 agent default
agent default's picture

At least they will have their own currency and interest rate policy.  No matter how much they print, it will still be worth more than the overnight worthless paper the Eurozone surfs will wake up with one day.

Mon, 11/21/2011 - 11:35 | 1898560 youngman
youngman's picture

Oh you can bet they are selling if they own any....and setting up fire walls...security...Bank Holiday plans...and yes they are getting out before they tell you what is up...or down...or out....or closed...typical

Mon, 11/21/2011 - 11:40 | 1898576 Hansel
Hansel's picture

Europe Is Fixed!™

Mon, 11/21/2011 - 12:03 | 1898662 SilverRhino
SilverRhino's picture

Fixed/Neutered/Spayed ... yep ... that's Europe.

Mon, 11/21/2011 - 11:41 | 1898580 Amused2Death
Amused2Death's picture

Someone pull the plug, please, we all know where this is heading, why delay the pain?

Mon, 11/21/2011 - 11:47 | 1898597 DogSlime
DogSlime's picture

They're not delaying the pain - they're just making sure that the pain gets moved to the taxpayers, ordinary savers and ordinary pension holders.

Mon, 11/21/2011 - 12:01 | 1898647 Spastica Rex
Spastica Rex's picture

You kinow what they said about poor Terri Schiavo:"LOOK! She's smiling!"

Mon, 11/21/2011 - 11:46 | 1898594 daily bread
daily bread's picture

The plug will not be pulled until TPTB have milked the "situation" for every last drop.

Mon, 11/21/2011 - 11:51 | 1898612 americanspirit
americanspirit's picture

They are clearly saying "They demand bread? Let them eat cake."

And one can only hope this will end the same way - peasants in the streets, well-dressed gentlemen hanging from lampposts, heads rolling.

Mon, 11/21/2011 - 12:04 | 1898649 Tsar Pointless
Tsar Pointless's picture

  • Preparations under way in a “quiet, assiduous way,” Hague tells CBI conference
  • This probably was a misquote. I'll bet it should have read:

  • Preparations under way in a “quite insidious way,” Hague tells CBI conference
  • Mon, 11/21/2011 - 12:05 | 1898667 czarangelus
    czarangelus's picture

    Euro to be tried for crimes against humanity

    Mon, 11/21/2011 - 12:07 | 1898672 Kaiser Sousa
    Kaiser Sousa's picture

    ok, im serious...

    someone please tell me that this can not mean the UK is contemplating Euro memebership...really?????

    Mon, 11/21/2011 - 12:26 | 1898795 DosZap
    DosZap's picture

    Kaiser Sousa

    ok, im serious...

    someone please tell me that this can not mean the UK is contemplating Euro memebership...really?????

     

    Yes, as a a heart attack.

    Mon, 11/21/2011 - 12:08 | 1898680 MFL8240
    MFL8240's picture

    Gold down again on dollar strengh and buying of treasuries.  I just had to write it because when I say it I laugh so fucking hard its hard to get it out.  What a charade in the US finacial markets have become.  

    Mon, 11/21/2011 - 12:30 | 1898815 Kaiser Sousa
    Kaiser Sousa's picture

    yeah what a fucking joke...

    over at MarketFarce (MarketWatch) the headlines state people r fleeing gold for cash...

    fucking morons....yeah give me some green pieces of paper with dead white guys on it with intrinsic real value of ZERO for my 5000 year old real money....

    Mon, 11/21/2011 - 12:55 | 1899002 FutureShock
    FutureShock's picture

    Maybe not so much of a joke for short term as they can't find enough physical gold around to put their money in.... (shrug) 

    Mon, 11/21/2011 - 13:10 | 1899086 DosZap
    DosZap's picture

    FutureShock

    As I am sure your welll aware, humans are creatures of habit.

    They at times like this have short memories, and forget the BIG picture.

    Assumptions of what has always been, will always be, will be the utter doom of millons fiscally.

    Mon, 11/21/2011 - 14:49 | 1899454 robertocarlos
    robertocarlos's picture

    They probably think they deserve to run Europe more than the Germans so they want in to gain control.

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