This article was originally published by Michael Snyder at the Economic Collapse Blog.
Editor’s Comment: Is there anyway out of this? How did we ever get into this in the first place? In excess of $27 TRILLION dollars at stake, and more than enough to pull the whole world back into economic crisis.
Yes, we are in this. It might be that this is a European thing, but that doesn’t excuse the fact that everything has been tied together; what starts with the solvency and financial responsibility of the Greeks in a domestic crisis may well engulf the world. The derivatives are leveraged in a toppling domino series, that much is clear. As author Michael Snyder notes, the possibility of the euro falling below parity with the U.S. dollar would be enough to trigger massive derivatives losses. And that could be just the start of it… Greek tragedy in three acts.
Just as in 2008, the same euro countries are still vulnerable – just vulnerable for the insiders and bankers to make a killing on the up and down of what is first a Greek tragedy, then perhaps an Italian, Spanish or Portuguese. As Snyder notes, “Every one of them could rapidly become the next Greece.”
A Day Of Reckoning For The Euro Has Arrived – 26 TRILLION In Currency Derivatives At Risk
This is the month when the future of the eurozone will be decided. This week, Greek leaders will meet with European officials to discuss what comes next for Greece. The new prime minister of Greece, Alexis Tsipras, has already stated that he will not accept an extension of the current bailout. Officials from other eurozone countries have already said that they expect Greece to fully honor the terms of the current agreement. So basically we are watching a giant game of financial “chicken” play out over in Europe, and a showdown is looming. Adding to the drama is the fact that the Greek government is rapidly running out of money. According to the Wall Street Journal, Greece is “on course to run out of money within weeks if it doesn’t gain access to additional funds, effectively daring Germany and its other European creditors to let it fail and stumble out of the euro.” We have witnessed other moments of crisis for Greece before, but things are very different this time because the new Greek government is being run by radical leftists that based their entire campaign on ending the austerity that has been imposed on Greece by the rest of Europe. If they buckle under the demands of the European financial lords, their credibility will be gone and Syriza will essentially be finished in Greek politics. But if they don’t compromise, Greece could be forced to leave the eurozone and we could potentially be facing the equivalent of “financial armageddon” in Europe. If nobody flinches, the eurozone will fall to pieces, the euro will collapse and trillions upon trillions of dollars in derivatives will be in jeopardy.
According to the Bank for International Settlements, 26.45 trillion dollars in currency derivatives are directly tied to the value of the euro.
Let that number sink in for a moment.
To give you some perspective, keep in mind that the U.S. government spends a total of less than 4 trillion dollars a year.
The entire U.S. national debt is just a bit above 18 trillion dollars.
So 26 trillion dollars is an amount of money that is almost unimaginable. And of course those are just the derivatives that are directly tied to the euro. Overall, the total global derivatives bubble is more than 700 trillion dollars in size.
Over the past couple of decades, the global financial system has been transformed into the biggest casino in the history of the planet. And when things are stable, the computer algorithms used by the big banks work quite well and they make enormous amounts of money. But when unexpected things happen and markets go haywire, the financial institutions that gamble on derivatives can lose massive quantities of money very rapidly. We saw this in 2008, and we could be on the verge of seeing this happen again.
If no agreement can be reached and Greece does leave the eurozone, the euro is going to fall off a cliff.
When that happens, someone out there is going to lose an extraordinary amount of money.
And just like in 2008, when the big financial institutions start to fail that will plunge the entire planet into another major financial crisis.
So at the moment, it is absolutely imperative that Greece and the rest of the eurozone find some common ground.
Unfortunately, that may not happen. The new prime minister of Greece certainly does not sound like he is in a compromising mood…
Greece’s new leftist prime minister, Alexis Tsipras, said on Sunday he would not accept an extension to Greece’s current bailout, setting up a clash with EU leaders – who want him to do just that – at a summit on Thursday.
Tsipras also pledged his government would heal the “wounds” of austerity, sticking to campaign pledges of giving free food and electricity to those who had suffered, and reinstating civil servants who had been fired as part of bailout austerity conditions.
Prior to the summit on Thursday, eurozone finance ministers are going to get together on Wednesday to discuss what they should do. If these two meetings don’t go well this week, we could be looking at big trouble right around the corner. In fact, Greece is being warned that they only have until February 16th to apply for an extension of the current bailout…
Euro zone finance ministers will discuss how to proceed with financial support for Athens at a special session next Wednesday ahead of the first summit of EU leaders with the new Greek prime minister, Alexis Tsipras, the following day.
However, the chairman of the finance ministers said the following meeting of the Eurogroup on Feb. 16 would be Greece’s last chance to apply for a bailout extension because some euro zone countries would need to consult their parliaments.
“Time will become very short if they (Greece) don’t ask for an extension (by then),” said Jeroen Dijsselbloem.
The current bailout for Greece expires on Feb 28. Without it the country will not get financing or debt relief from its lenders and has little hope of financing itself in the markets.
And as I mentioned above, the Greek government is quickly running out of money.
Most analysts believe that because of the enormous stakes that one side or the other will give in at some point.
But what if that does not happen?
Personally, I believe that the eurozone is doomed in the configuration that we see it today, and that it is just a matter of time before it breaks up.
And I am far from alone. For example, just check out what former Fed chairman Alan Greenspan is saying…
Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: “I believe [Greece] will eventually leave. I don’t think it helps them or the rest of the eurozone – it is just a matter of time before everyone recognizes that parting is the best strategy.
“The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated – actually even just fiscally integrated won’t do it.”
The Greeks are using all of this to their advantage. They know that if they leave it could break apart the entire monetary union. So this gives them a tremendous amount of leverage. Greek Finance Minister Yanis Varoufakis has even gone so far as to compare the eurozone to a house of cards…
“The euro is fragile, it’s like building a castle of cards, if you take out the Greek card the others will collapse.” Varoufakis said according to an Italian transcript of the interview released by RAI ahead of broadcast.
The euro zone faces a risk of fragmentation and “de-construction” unless it faces up to the fact that Greece, and not only Greece, is unable to pay back its debt under the current terms, Varoufakis said.
“I would warn anyone who is considering strategically amputating Greece from Europe because this is very dangerous,” he said. “Who will be next after us? Portugal? What will happen when Italy discovers it is impossible to remain inside the straitjacket of austerity?”
After all this time and after so many bailouts, we have finally reached a day of reckoning.
There is a very real possibility that Greece could leave the eurozone in just a matter of months, and the elite know this.
That is why they are getting prepared for that eventuality. The following is from a recent Wall Street Journal report…
The U.K. government is stepping up contingency planning to prepare for a possible Greek exit from the eurozone and the market instability such a move would create, U.K. Treasury chief George Osborne said on Sunday.
A spokeswoman for the Treasury declined comment on the details of the contingency planning.
The U.K. government has said the standoff between Greece’s new anti-austerity government and the eurozone is increasing the risks to the global and U.K. economy.
“That’s why I’m going tomorrow to the G-20 [Group of 20] to encourage our partners to resolve this crisis. It’s why we’re stepping up the contingency planning here at home,” Mr. Osborne told the BBC in an interview. “We have got to make sure we don’t, at this critical time when Britain is also facing a critical choice, add to the instability abroad with instability at home.”
And if Greece does leave, it will cause panic throughout global financial markets as everyone wonders who is next.
Italy, Spain and Portugal are all in a similar position. Every one of them could rapidly become “the next Greece”.
But of even greater concern is what a “Grexit” would do to the euro. If the euro falls below parity with the U.S. dollar, the derivatives losses are going to be absolutely mind blowing. And coupled with the collapse of the price of oil, we could be looking at some extreme financial instability in the not too distant future.
When big banks collapse, they don’t do it overnight. But we often learn about it in a single moment.
Just remember Lehman Brothers. Their problems developed over an extended period of time, but we only learned the full extent of their difficulties on one very disturbing day in 2008, and that day changed the world.
As you read this, big financial troubles are brewing in the background. At some point, they are going to come to the surface. When they do, the entire planet is going to be shocked.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what things in America are going to look like in a few years read his new book The Beginning of the End.
Screw it, who cares, its time this whole make money off of nothing BS goes away.
Without a doubt, the global currencies (FRN, Euro, Ruble, Yen, etc) will collapse and melt. This opens tremendous opportunity for the regional bankers to even further centralize and consolidate like the banks in the United States have been since the sub-prime collapse in ’08. If this is completed on a global scale, all out tyranny will ensue the world over.
Time we not only get prepared physically, but intellectually as well. We need to study and KNOW what sound monetary and fiscal concepts are, what sound money is, how it circulates, and what creates. We have to outsmart the minds behind this collapse and the new plan they bring it to “fix” it.
Well to me sound monetary concepts are dont hold onto the dollar. Spend and invest in yourself, food storage, or some real property. Do some repairs or improvements on your own property but onlyif you own it, not holding a mortgage.
Get your taxes paid early when you can.
Spring aint far away so if you aint ready to start gardening, get off the chair and start. If you dont have the land try and find someone to do labor for and share the produce. Lots of elderly want a garden but cant do all the work.
Get out of the cities. Start some community efforts in suburbs or rural areas but remember opsec. Just say that times are hard and you figure most people are hurting so how can we help each other.
Just up the road, someone has the American flag upside down. Back before Christmas a few churches had the word PREPARE on the front signs. Its worse than the news says, its worse than what the govt says. There are more people waking up than we know.
To make a NWO Omelet all the eggs have to be broken.
Anyone who believes that the EU will disintegrate hasn’t read Revelation. Three exit the EU and a “little horn” rises from a small country to take the reins.
The EU becomes MORE powerful after the exit of the weakest links. Buy the euro on the dips. If it drops 30% back up the freaking truck.
I’ll put my money on the Word of God any day. 🙂
You’re putting your money on YOUR interpretation of the Word of God.
The Bible is infallible. You are not.
Anon2: You are welcome to quote the verses that suggest that “my interpretation” is in error; but the English language King James version is pretty clear and supports my comment.
Please, show me and everyone else here otherwise. 🙂
Anyone here old enough to remember a song that goes: “Does anyone really know what time it is? Does anyone really care?”?
Chicago – great band, awful city…
Outwest: “To make a NWO Omelet all the eggs have to be broken.”
Very well said!!!
This is a must read article by Paul Craig Roberts: The World Is Now On The Cusp Of Total War 2/9/15
best post so far this year …
Marc Faber recently said in an interview that the Frankenstein Global Financial System is set To Collapse.
Through the money printing of central banks, the financial sector has become a huge Frankenstein — a huge giant that is no longer controllable, except through more money printing. And one day this whole thing will collapse.”
This whole situation dwarfs the “Roaring 20’s”. I wonder how history will describe this time period?
Maybe, “Bankers gone Wild, Fort Lauderdale, London, New York! That’s assuming there is anyone left to write the history.
I’m voting for the not: “the Roaring 20S”: ;; but “The Stupid Years.” 2000-2016.
Totally agree, the sooner the better.
We aint gettin any younger!
Once it bottoms out we will at least be able to regroup and get moving, right now nothing is moving, at least not in a good direction,,,
Kula,
amen to that, lets get this show on the road!
The first mistake was stated in the editors first comment, “and more than enough to pull the whole world back into economic crisis.”
We were never out of the economic crisis.
The governments just lie and lie to everybody saying that the good times are back and unemployment is 5.6%.
The fact is we never recovered. Inflation is about 20 to 30% a year in the US and it is getting worse.
Gallop CEO said real unemployment was 56%. Only 44% of employment aged adults have a job of 30 or more hours a week and a regular paycheck. That is a shocking number.
The next interview he said he was afraid he would be “dissapeared” for revealing the truth.
More people in california are on welfare than have a job.
How is this recovery?
Wish it were true Kula
They keep on laughing all the way to and from the banks
And all our so called elected reps keep on rolling in the dough as well..benefactors by these bankers..
And here we sit idly by while it all goes to hell
Problem is..what’s the damned solution?
possee
Its funny, from where i sit, there is NO solution that i could effect even a little bit, its systemic, have been told that i am part of the problem because i could produce more and buy more and pay more taxes thus helping to strengthen the economy,
If i gave a crap about the government and their welfare state and wanted to help them continue their scharade, then sure,,,
Ill pass thanks, getting by, enjoying the view, im just boogyin right here,,,,,
Governments live far beyond their needs and create so much debt, they think the sheeple will bail them out. Major time to convert dollars to silver.
I was reading that many Russians with Mortgage loans based on foreign lender currencies, are now getting crushed sine the Russian Rubble has lost half its value. How would you like your House mortgage payment doubling in a few months. The housing, markets in foreign lands are getting crushed. This is a huge bubble on a global scale that will implode with mass rippling affects. “A” who can’t pay “B”; who then can’t Pay “C” and so on creates more layoffs and destabilization. Prepare with Food, Water, Guns Ammo and Silver. Get your Bug out bags ready. Get rid of all your debt.
I know it, you know it, everybody knows this is going to happen. It’s the rich who have the most to lose.
I’m with you pardner. They’ve made a fool of me for long enough.
The collapse of the Euro won’t affect global markets by *too* much…. USD is still the global standard (mostly because oil is bought and sold in USD).
Now, here’s the trick: the USD is headed for its own collapse… the Euro collapsing will accelerate this, but only a little. I figure that we’re still within the 2-3 year horizon for collapse to get into full swing.
The economic numbers, the real ones, are looking real bad. I suspect in the next real war, WW3, the US homeland will be part of the battle ground. Unlike previous world wars. Something Americans have never really experienced before, in modern times. This is going to be tougher than anything we’ve ever had to face. Good luck to everyone of you.
You wouldnt believe how many people say that could never happen,
I just remember the pictures and history i read and studied when i was in school about WW1 and WW2 and the bombed out cities in Europe and UK, MOST people have no clue, either they never learned about it or never paid attention to it, i had to do more than one paper on the subjects in high school so did extensive studies on both wars, my Grand Mother had family killed in Germany during both wars and my Mom and Dad both witnessed Pearl Harbor first hand, this is serious shit, like i said, MOST have no clue.
Kulafarmer.
Kick the tires and light the fires. Get those Fancy Jet Bombers in the air.
Alex Jones reporting EU collapse imminent! Gary North says the devil will be loosed upon the world when European Union Collapses! Prep now, HURRY!
Let the collapse begin! There are too many feminists, Marxists and Communists on our planet! Let’s see how these feminists and Commies survive without the heavy taxation of the state or the support of the white knights in shining armour.
Bring it on! I already have an offshore vacation home with a years food supply in case the Canadian economy collapses!
“Editor’s Comment:
Is there anyway out of this? [NO]
How did we ever get into this in the first place?” [SEE MY NAME ABOVE]
Global Banking in theory is a complete FRAUD, and a scam onto those who they [bankers] feel others should have to pay for their failures.
Debts amongst Nations should be wiped clean and discarded, and start over with a clean slate. That would have to include “new” banking practices and regulations that are to be legit.
This would be the correct way to start fixing Global Banking, but the above paragraph is in itself an illusion. This is something that would benefit everyone if banking and printing of monies were regulated, but TPTB are not going to take that route. They haven’t in the past, and they sure as hell are not going to start now.
@Ponzi
Nice dream, until you come up with a human who is not corrupt, it is ONLY a dream.
Artificial Intelligence is what I think the Lefties should fear the most. If we ever do create a machine that can think for itself, it damn sure won’t learn anything from watching the lame street media and won’t buy into their ministry of truth. Even their name, progressive, is the opposite of what it means.
Machines could be our biggest allies.
People who see the signs and know what’s going on have been sending out warnings for years and years (and got laughed at in the process). They knew what was coming, but they didn’t have many details. Never have I seen so many dire and desperate warnings as in the last few weeks; and this is because the signs have become clearer, the situation is at a critical point, and it just might actually blow soon. It’s time people stopped scoffing and started getting ready, because when it hits it’ll be unbelievably brutal.
When “it” happens, don’t waste the opportunity. Become proactive. There are a lot of scores to settle. Be like Santa Claus. Make a list and check it twice. You must remember whose been “naughty” or nice.
Hey prophet, I’m wondering if you think of yourself as Christian?
T J……assuming you are a Christian, are you aligned with Christians or any other faith to just simply bend over and take it? Indeed a lot of scores must be settled since this is similar to God given right of self defense. Humanity must protect itself from the satanic SOB’s who are under one tribe causing so much misery to mankind.
I’ll bet he’s not a real Christian, probably a Catholic.
Hey dipshit. i was raised Catholic and have always been a christian. obviously you know nothing of their beliefs or you would not have said something as stupid as that.
Christians, Jews and Muslims all bleed the same. None is superior of the other, and No god will save any of you. Even carrying a Lucky Rabbits Foot. How lucky was the rabbit?
WWTI,
Don’t you ever get tired of repeating yourself?
Don’t sweat it, Obama just reminded us of all the mayhem caused by Christians in history. So, go for it!
Im nice to everyone but Im afraid everyone is going to go apesh1eat except those with the Holy Spirit.
Just topped off my gun cleaning supplies. You need to stock up on cleaning supplies to go with all the ammo you will burn.
Santa Claus once said, “REVENGE IS A DISH BEST SERVED COLD”. Ho Ho Ho.
But the bankers owe us a pension and the state owes us medical care in our old age since we have paid into the sytem.
Sod it I will go door to door in posh areas when thigs kick off and anyone that gives their occupation as being connected to banking will find my boot kicking them out as I repro the property and move in.
I forgot ! Don’t ask too many questions about the 3rd Paris terrorists who handed himeself in to police or else someone will take note that you don’t have a goldfish brain.
Here’s the deal as I see it.
“…we could potentially be facing the equivalent of “financial armageddon” in Europe”
“Too big to fail” is just a bankster tool to suck money from the people. The idea of a country “failing” is more of the same. What did govts do in centuries past when they went broke? There was no central bank to bail them out. They went to war.
The globalists want us to BELIEVE that their banks are needed to nurture the world. They want us all to BELIEVE that we must be enslaved to them in order to survive.
We prep for a financial collapse. People who don’t have much to lose, usually don’t lose much in these situations, because the bottom can only be so far down.
If Greece, or Spain or whatever country fails, they fail. They hit bottom and have to pick themselves up again. The banks want them to believe they need loans from globalist banks, but the truth is, if every country in the world REFUSED their loans and attached austerity, the people would step up and rebuild. Yes, they’ll suffer, but they will be FREE while they rebuild. The bonus is, the globalist and their central banks will GO BROKE
sixpack…..simply AMEN. Each country needs to kick the IMF criminals out of their borders by any and all means.
Amazing to me that with all of the other, significant turmoil in the world that Greece (of all places) is the lynch pin. Hard to fully understand why this tiny nation of geo-political insignificance could become the primer event. Admittedly, I have no idea how that is possible.
-Dad
Most likely because Greek government wayyyy overspent, the people also are ranked lowest for paying to ceasar what he desires from them, high corruption, is also a strong left leaning country, other peoples money runs out at some point, its that point
they started the borrowing for the olympics, then got on the hook for warplanes to meet nato/eu membership rules, they were a happy fishing tourist paradise before the eu got them, good luck to them , hope they escape 🙂
I think Greece was one of the easiest countries to break. Because it is small, it will also be one of the easiest to rebuild. They don’t need the globalists money. They need to take responsibility for their own actions. The globalist banks will go broke without the extra cash flows from usurped countries enslaved to them. In short, if everyone refused the central bank loans, there will no longer be any need for a central bank.
This is a globalist/Rothschild nightmare.
Remember your daddy a lynchpin on a grenade may be small and insignificant but pull it out and I s’ppose you know the rest of the story.
Your Daddy – Greece is widely regarded as being the birthplace of Western Civilisation. Destroy Greece and you destroy the mental construct upon which our values and current civilization are based.
It’s symbolic.
The idea is that when Greece is destroyed, so symbolically too is the ideal of freedom for anyone who is not a member of the NWO elite. This clears the way for the takeover of the NWO, and the completion of our current brainwashing into happy slaves.
What interests me is that this Greek Guy is trained in maths and statistics, has a doctorate in economics and his published academic papers & books on economic theory were generally well respected by his academic peers. In other words he may just have the brain to understand the moves he makes on the global chess board? He seems to have entered the political arena due to personal passion.
Remember too that what we currently have as a financial system in no way resembles free market capitalism – that concept has been totally corrupted by our banker buddies. Is this man truly a communist or is that just a convenient insult to throw at him. As yet I cannot tell. The game is now so advanced, and the propaganda so intense that it’s become hard to recognise just who is genuine and who is expertly controlled opposition.
They said that Iceland’s rebellion would end in disaster too, yet to a layman it looks as if apart from a few guilty bankers and politicians that small country is doing OK nowadays.
In stark contrast our esteemed Chancellor here in the UK has only a first degree in modern history and was a failed journo before becoming that most despised of creatures – a career politician.
Due to the Geography I also wonder if a second game is in play to the one the media is shouting about. Russia has clearly stated it is fed up with the EU games over payment for its oil and has shut down the N.European pipeline. The Ukrainian mess is largely responsible for this. It has announced it’s intent to use a southern entry point for it’s sales to the EU. I wonder if Greece is poised to leave the EU, knowing that it has the potential to be the major conduit for Russian gas supplies going forward. Putin is nobodies fool and on paper this new Greek guy looks like he might be smart enough to be taken seriously as junior partner or ally by Putin.
Take a look at a map of Europe and see what you think of my theory.
Every now and then I need to regain my sanity. I just listened to Gale Garnet (Sing in the Sunshine 1963) and Bobby Vinton (Blue Velvet 1963). Also the Sukyaki Song. I’m back to normal again.
Prophet;
Judging by the names of your tunes you must be old enough to fart dust. Me too.
The West has the Russian economy by the throat by lowering the price of oil below what the Russians need to survive, because of the fighting in the Ukraine.
A pro-Russian Government is now in control in Greece. According to Zero Hedge, if Greece dumps the Euro AND defaults on loans, so does Italy/Spain/Ireland, thus the Euro dies.
I believe that Russia is “fighting back” through Greece and sending the message, ” IF WE GO DOWN, YOU”LL GO DOWN TOO, SO BACK OFF!!!”
This is Economic WW3
“Watch out fur them hogs”
Excellent observation,
The Russians are already heavily invested in Cypress, just a jump away from Greece, Russia, can give Greece everything they need to survive and thrive, IMHO, just prudent to align wth the devil who will pull you up rather than the devil that will push you further down,
“The devil” never pulls anyone up. “THE DEVIL” is called THE CENTRAL BANK. The globalist are the ones who are making people BELIEVE that they are “pulling them up”, only to pull them down.
If there is a “Devil” here, it’s not Russia, it’s the IMF/ECB.
And Russia has Europe by the Balls. A flip of the switch and the Oil gets cut off to Germany, England and many other countries. Russia is holding the Gold with NO Global Bankers running their Government. Unlike the Zog Occupies here in America.
There is a cultural link too as the Greek Orthodox Church helped the Russians revive their own Christian traditions after the fall of the Soviet Union. Russian Christianity is a force to be reckoned with nowadays as a cultural phenomenon, in a way that perhaps we in the West do not always appreciate.
Well, I hope Greece gives them the big finger and both the Greeks and the Eur’s find out that life ain’t what they think it is.
As for the 26T; no thanks. I’ll take my land, food, guns and gold.
Oh….and that ratings widget thing that pops up when you give someone a thumbs up/down is SOOOOOOOO ANNOOOYYYIIINNNGGGG…..
Yes, it is, as is the one when you get here that pops up and wants your email address.
The bottom line here in reality based analysis is that Greece is bankrupt and minimally productive. It CAN NOT pay back its present debt, let alone a future increased debt by borrowing more. For Greece, there are no real options. This is not a game of ‘chicken’, as the Jew bankster[Z] have long ago screwed the accelerator pedal to the floorboard. The only way out is to bail out of the vehicle.
The Jew bankster[Z] too, have no options. They have painted themselves in a corner. Should they exercise what ‘option’ they have left in the way of debt forgiveness, Italy, Portugal, Spain and Ireland will then demand the same, being in a similar situation to Greece, leading to the same end result for the EU, euro and NATO (and yes, NATO goes the way of the EU) as a ‘Grexit’!
Both sides are not playing irretractable as a matter of positioning and game strategy, but because they have no other choice regarding their interests and survival. Only one outcome can result from this.
Not much concerned about it as none of those that will attend this meeting have invited me. More than likely the EU will offer Greece’s new leader some walkin’ around money and he’ll cave. Much like what goes on in DC on a daily basis.
Look up Goldman Sachs involvement in the Greek debacle.
Also their Prime Minister is an atheist communist, so not to worry.
He is asking Germany for war reparations. That should start another bon fire in Europe.
yep, yep, yepper, mus’ be one o’ them thar zog con spear o sees fer sure!
‘ello Granny. The continent of Europe is screwed good style but there is still a small hope for the UK so long as we stay out of the monopoly dosh fund of the Euro. We Brits need to close our borders with the European mainland if we want to hold onto any chance of remaining a predominantly white Christian country… From what I’ve been reading on this site America is facing the same mass immigration problems as we are in the UK… Think the gloves are off with the NWO. They ain’t even trying to hide their agenda any longer. God bless Gran. Fight the good fight. xXx
The UK is in more serious trouble than most, or have you not assessed the ramifications of the Named Person legislation and GIRFEC yet?
The City of London is where a lot of the really dirty NWO work gets done.
Heard a clip on the news just now that its possible that over 30 ports stateside will go on strike and shutdown if a wage agreement can’t be reached. Possibility maybe some produce and veggies will get scarce. Might want to fire up the canner and dehydrator to take you into warmer weather.
The thing is MOST of the freight hung up is incoming foreign,,,
I say dump it ALL inthe ocean and flip the foreign companies the bird,,,
The domestic outgoing can reconfigure, ill personally buy a few hundred pounds of almonds at 10% over what they get from the foreign markets,,,,
I wonder how many of those ports are owned by China…
Yawn…everything will be fine, Greece will accept another bailout and the can will get kicked further down the road. Wake me up when PMs double in price.
“All things must pass”. — George Harrison
Eventually, the can will find its way down a sewer grate opening on the side of the road and the game ends. What you see now in the way of developments is a desperate Jew bankster kneeling in the curbside rubbish, with a small magnet attached to an all-to-short string.
Chess anyone?
Man I FUCKING ROCK at chess… But you my friend sound like a slippery character!
Watch when September 13, 2015 approaches. It might be nothing, or it might be everything.
Euros? We don’t need no stinkin’ Euros!
Y’ALL NEED SOMEBODY TO LOVE… DON’T YA NEED SOMEBODY TO LOVE… Y’ALL NEED SOMEBODY TO LOVE… HAVE SEX WITH MY BOOTS!
Agent Skinhead.
“Somebody To Love”
http://youtu.be/BkKbTs-hRAA
Jefferson Airplane 1967
anyone involved with derivatives needs to be tried for fraud
If the euro collapses, we will most likely get a one world currency, backed by the full faith and credit of the UN. It can be called the UNO! haha.
(maybe not much sarcasm there)
Every country having there own currency is good it hurts the globalist and stops a world banking cartel I’m all for it. Greece should do it then Portugal then Italy this is good news.
Good news? No, fulfillment of prophecy.
I predict the EU will blink. Greece, despite being broke holds all the cards here.they pull out the EU folds, if they stick to their guns the EU will blink and loan them money on better terms. What other choice do they really have. Of course all the other EU members in trouble will immediately demand a similar deal, so the EU crashes albeit a few years down the road. Time for a war isn’t it.