Eurocalypse Cometh!

There's plenty of articles, commentary and dear i say, fear mongering, among very legitimate concerns in my opinion, around the Eurozone crisis emerging across various media sources. I'm just going to cite a few articles here for reference.

Eurocalypse Cometh!

The Anatomy of a Serial European Banking Collapse

Why Austerity Doesn't Matter: Greece is Still Going to Default

European Banks Scrambling to Prevent Default by Greece

The U.S. is too big to fall, right? Commentary: No one knows who will be hurt if Greece defaults.

if you could summerize each one a bit and tell us what your point is.. would be much better than just posting a bunch of links

reply to post by surrealist


From one of your sources this statement in particular is what gets me thinking that not only did everyone in the know realize this would eventually happen, they actually played us for fools as we walked right into the buzz saw that is about to be revealed.

“Greece and a number of other European countries cannot repay their debt. In fact they will never be able to repay their debt under current conditions because their economies are not competitive globally,” banking analyst Dick Bove at Rochdale Securities wrote in an analysis. “Therefore, these countries must, and in my judgment will, repudiate their debt.”

Why Austerity Doesn't Matter: Greece Is Still Going to Default

If there was ever a situation where the term "Financial Armageddon" fit I think this would be it. If countries in the Eurozone start to default on their debt one by one, you will see a situation unfold in the financial sector that will make the great depression look like a walk in the park. You will see an immediate grinding halt on not only short term lending, but all lending.

My point is that there is growing chorus of concerns and alarm bells evidenced in the media about a forthcoming Eurozone crisis and so just referenced some articles for further reading. I guess with this thread I am merely citing the opinions, assessments and speculations of others, rather than my own.

Personally, I think one day and not too far in the distant future, the house of cards will come tumbling down and we will see a collapse of the current world financial system and a new international economic order takes it place, in the form of a new world order with a global government, banking and finance systems of sorts. I believe what we are seeing now, in Europe and elsewhere, are the beginnings and the unraveling of the current financial and economic systems in place, to bring about a new, and indeed, fresh system operating under the auspices of a global government. Hence my interest in world economics and the current crises in Europe and abroad.

Athens flat out refuses to play ball and to bow to these douchewads and look at what's occuring there.

Boycott. Simple as that.