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Reality of EU/Euro breakup

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posted on Nov, 19 2010 @ 08:59 PM
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Could The Financial Crisis Erupting In Ireland, Portugal, Greece And Spain Lead To The End Of The Euro And The Break Up Of The European Union?




I searched for similar threads, found a few that were a little on the topic, so this is pretty much an update on those.



Already we are seeing world financial markets getting rattled by all this news.

Fears regarding what is happening in Ireland, Greece, Spain and Portugal helped push the Dow Jones industrial average down nearly 200 points on Tuesday.

But the real story is that this financial crisis in Europe could potentially cause the break up of the euro and of the European Union.

The truth is that the euro and the European Union are inseparably linked at this point. In fact, EU President Herman Van Rompuy is warning that if some of the weaker countries in Europe are forced to abandon the euro it will likely cause the total destruction of the European Union....



"We’re in a survival crisis. We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union."


German Chancellor Angela Merkel is also warning that a failure of the euro could bring down the entire European Union....



"If the euro fails, then Europe fails."



Yes, things really are that serious in Europe right now. In order for the euro and the European Union to hold together, two things have got to happen. Number one, Germany and the other European nations that are in good financial condition have got to agree to keep bailing out nations such as Ireland, Portugal and Greece that are complete economic basket cases. Number two, the European nations receiving these bailouts have got to convince their citizens to comply with the very harsh austerity measures being imposed upon them by the EU and the IMF.


Source


So, if or when this happens, what does this mean for the rest of the world? Particularly, how is this going to affect the supposed 'new world order' or globalization? If there is no European Union, will a North American Union still be in the works?

European ATS members- how do you think this is going to play out?




posted on Nov, 19 2010 @ 09:31 PM
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Gerald Celente this is the beginning of the end of the Euro




posted on Nov, 20 2010 @ 08:07 AM
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Let it happen, then Germany, Denmark, Sweden, Finland, Austria, France and The Netherlands could form a new monetary union. Hopefully, with no expansion.



posted on Nov, 21 2010 @ 07:46 AM
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Great video. I like following Gerald's work and hadn't seen this one yet. I'd like to point out that while everyone is fixated on the Euro crisis, there's a new disaster getting ready to unfold in America: the bond bubble.

The current bond bubble crisis is scary because if the EU/Euro zone fails, the U.S. will be left with even fewer investors to buy its debt as countries like Germany will be gridlocked into bailing out the failing EU members. Looks like things are going to get really 'interesting' over these next few weeks? months?



posted on Nov, 21 2010 @ 07:50 AM
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Originally posted by FlyingJadeDragon
Great video. I like following Gerald's work and hadn't seen this one yet. I'd like to point out that while everyone is fixated on the Euro crisis, there's a new disaster getting ready to unfold in America: the bond bubble.

The current bond bubble crisis is scary because if the EU/Euro zone fails, the U.S. will be left with even fewer investors to buy its debt as countries like Germany will be gridlocked into bailing out the failing EU members. Looks like things are going to get really 'interesting' over these next few weeks? months?


EU fail = global fail, US included. Also applies the other way around.



posted on Dec, 23 2010 @ 09:57 PM
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We must keep the Euro going for just a little longer. The USA and others are also in big troubles and money world wide is getting ready for an adjustment. It looks like a global currency is the only solution. This will take a little while to sort out but a lot of people see the problem now and are working on it. It is important we hold this line to hold our words. The alternatives are not real pleasant.



posted on Dec, 24 2010 @ 03:16 AM
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This is what happens everytime a supranational entity tries to sieze control.

The entire concept of the EU and the Euro is failing and they have no one to blame but themselves for allowing themselves to get suckered in such rhetorical nonsense. This is what TPTB want, a mega power like the EU to collapse and guess what? TSHTF really shortly thereafter.

I just don't understand modern Europe, being so powerless to stop a clear and evident grab of political power and monetary dominance. Ask why are we being forced.

It appears every single nation is spineless and gutless as if you do not comply blindly your nation gets driven into chaos. When is Europe going to tell these groups to foul off?

Us stateside can't fight these idiots alone. And no, the United States is not going to bail you out as we cannot afford it.
edit on 24-12-2010 by TheImmaculateD1 because: (no reason given)



posted on Dec, 24 2010 @ 03:52 AM
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well im from ireland and i hope it does collapse.

ever since they brought in this stupid euro we'v bien getting ripped of and has less value than what the irish pound was! t does has its benefits and down side, benefits in ireland really was to bring our infrastructure up to scratch, but at a cost to other countries. and guess what? we got more money off the eu now, it kinda makes ya feel ashamed to be like that. because we were never big or powerfull enough to get where the other eu countries were with all their wealth and services ect the countries had, we were teased into it and now we'v to pay them back at a high interest rate! dont blame the irish people for taking the money because what the news channel didnt tell you was that we were highly against it!! we the people of ireland didn want a IMF and ECB bailout, the government did.



posted on Dec, 24 2010 @ 05:08 AM
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reply to post by scoobyrob
 




i hope it does collapse.


The only constant is change. Pick your collapses wisely as we all to live with results.



posted on Dec, 24 2010 @ 05:18 AM
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reply to post by kwakakev
 


ya you prob right, a change is needed then imo.



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