It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Portuguese government collapse imminent Update : Just did

page: 1
17

log in

join
share:

posted on Mar, 23 2011 @ 03:02 PM
link   
Portuguese President Prepares To Accept Jose Socrates' Resignation; Government Collapse Imminent

From Market News: "Portugal's President Anibal Cavaco Silva is prepared to accept the resignation of Prime Minister Jose Socrates and is getting ready to call an election to choose a new government, Portuguese daily Jornal Publico reported on its website Wednesday evening....The political instability that would ensue from a collapse of the government, combined with market tensions that have pushed Portuguese ten-year bond yields to a euro-era high above 8%, seem likely to increase the pressure on Lisbon to seek a financial aid package from the European Financial Stability Facility and the International Monetary fund." Look for Portuguese, Irish and all out toxic fallout (pardon the pun) to be bought with impunity by JC Trichet as the entire market goes bidless.


Another one of the PIIGS goes boom. And the whole Euro zone is in danger, yet again.

I bet the Germans are gonna LOVE it.... because you JUST NOW who's gonna provide the $$$ yet again to ``save the EU``...

DIE EU, DIE!!!!!!!!!

Update : It's now offiicially collapsed.
Portuguese Government Rejects Austerity Plan, Government Collapse

PORTUGUESE PARLIAMENT REJECTS GOVERNMENT'S DEFICIT-CUTTING PLAN
PORTUGAL'S PARLIAMENT BACKS RESOLUTION AGAINST GOVERNMENT PLAN

Next up: government resignation, crisis, bail out, etc. You know the drill.


And this will happen in the US...make no mistake about it.
edit on 23-3-2011 by Vitchilo because: (no reason given)




posted on Mar, 23 2011 @ 03:13 PM
link   
its not imminent. they just did!

www.zerohedge.com...

Next stop Spain as the dominos fall

down closes up 67 points. I bet when Spain falls that will be good for another +200 points.... what do you think?
edit on 23-3-2011 by camaro68ss because: (no reason given)



posted on Mar, 23 2011 @ 03:15 PM
link   
Lindsey Williams said once the Euro falls the dollar will follow within three weeks. Portugal was a marker to watch for. This is not good.



posted on Mar, 23 2011 @ 03:16 PM
link   
reply to post by camaro68ss
 




down closes up 67 points. I bet when Spain falls that will be good for another +200 points.... what do you think?

I think more like +201 points, but that's just me.



posted on Mar, 23 2011 @ 03:20 PM
link   
Coming from Twitter:


claudebrito:
Great. Portugal is officially broke. Time to get in line for a handout with the Irish and the Greeks.


I wonder if anyone thinks about the fact that we are running heavy on those needing a bailout and light on the ones that can actually bail anyone out?



posted on Mar, 23 2011 @ 03:21 PM
link   

Originally posted by hardamber
Lindsey Williams said once the Euro falls the dollar will follow within three weeks. Portugal was a marker to watch for. This is not good.


Buzz words



posted on Mar, 23 2011 @ 03:25 PM
link   



posted on Mar, 23 2011 @ 03:26 PM
link   
be interesting to see what comes out of this
edit on 23-3-2011 by Jbones because: (no reason given)



posted on Mar, 23 2011 @ 03:33 PM
link   
If everyone went to the bank and finished their accounts this process around the world would speed up a bit
I am so pleased to say I finished my bank accounts today
anyone else who has done the same?



posted on Mar, 23 2011 @ 03:46 PM
link   
If this is just the beginning then I think it's safe to say that a large portion of the world is (or will be) for sale.

I've been waiting for this inevitable scenario for years now. I just wonder how negatively this is going to effect the everyday Joe.

The NWO is well on it's way to becoming fully established. What will life look like after this? Will there be a monumental difference or just minute differences?

I truly hope that most people can get through this transitional period fairly unscathed, no matter how difficult things may get.

SnF

Respect,

AS
edit on 23-3-2011 by AeonStorm because: snf + added



posted on Mar, 23 2011 @ 03:50 PM
link   
NWO AHEAD!!!!
O foresee that several countries will leave the Euro zone if they don't they are screwed!
edit on 23-3-2011 by _SilentAssassin_ because: (no reason given)



posted on Mar, 23 2011 @ 03:50 PM
link   
reply to post by AeonStorm
 


the bigger they are, they harder they fall???
I ain't got as far to fall as them....just got to be fast, make sure they don't crush me on the way down....

ya know, by what I understand, the great depression started with one country needing bailed out, so someone bailed them out, then another, then another....and well....seems like history repeats itself...



posted on Mar, 23 2011 @ 03:50 PM
link   
Wait... it didnt collapse yet.

We're waiting on it... but it didnt, at least not yet.



posted on Mar, 23 2011 @ 03:53 PM
link   
reply to post by Vitchilo
 


It collapses when people stop going to work. Not when a publication says a budget didn't go through.



posted on Mar, 23 2011 @ 04:01 PM
link   

Originally posted by onequestion
reply to post by Vitchilo
 


It collapses when people stop going to work. Not when a publication says a budget didn't go through.


The government collapses. Not the whole country. That means a new government who still will be in denial will be reelected, that means no austerity, more insane deficits and even more bankruptcy.

The end game will be even more people in debt. Portugal's government needs to kick the bankers out of the country before anything can be fixed.



posted on Mar, 23 2011 @ 04:01 PM
link   
reply to post by onequestion
 


Those are exactly my thoughts... unfortunately ppl think governments and companies have the power, when actually those governments and companies owe the people their very existence.

If 3 or 4 people that go to work at coca-cola cease to go, they'll be fire... if EVERY SINGLE worker stopped working, coca-cola couldnt fire everyone.

That applies to companies and governments... they should be grateful for us, and not us. We still have the power. People need to wake up.



posted on Mar, 23 2011 @ 04:02 PM
link   
Heres an article that I found on yahoo.coms news about this.

news.yahoo.com...


LISBON (Reuters) – Portugal's parliament rejected government austerity measures on Wednesday in a vote that is set to topple the minority Socialist administration a day before a European summit and is likely pave the way for a snap election.



Prime Minister Jose Socrates has said he will resign if the plan is defeated. He has said its rejection would force the debt-laden country to follow Greece and Ireland and seek an international bailout, which he opposes.



The rejection will "provoke an election," Cabinet Minister Pedro Silva Pereira told parliament shortly before the vote. "The government does not fear the judgment of the Portuguese people."


This is what the article says that may happen.


Whatever the outcome, opposition to austerity may increase as the Portuguese face lower wages and higher taxes, and the country returns to recession.


Protests and strikes already.


Large protests have been held against austerity on the past two weekends and on Wednesday train drivers went on strike to demand higher wages, creating traffic chaos around Lisbon as commuters were forced to take their cars to work.

edit on 23-3-2011 by buni11687 because: (no reason given)



posted on Mar, 23 2011 @ 04:02 PM
link   
Now yes... the prime-minister is giving his "buh-bye" speech to the people...

Portugal is free from another blood sucker. On to the next one...



posted on Mar, 23 2011 @ 04:21 PM
link   
Good Riddance too, the EU Was meant as failure i think its time to bring the old eupore when there was no EU.

The large your empire or unions are the harder they will fall.
No matter what the elites do.



posted on Mar, 24 2011 @ 09:24 AM
link   
reply to post by Vitchilo
 




DIE EU, DIE!!!!!!!!!


I actually wish the same personal misfortune on you! Die Vitchilo Die! Not very nice is it? What are you praying for an Islamic revolution in Portugal now?



new topics

top topics



 
17

log in

join