posted on Nov, 7 2012 @ 05:47 AM
The following was forwarded to me by a reliable individual regarding a recent report compiled by the European Central Bank....
Dear ......, what Gustavo shared with me was nothing less than the ECB’s Top Secret report entitled: ‘Analysis of the World when the Debt Crisis
Explodes.’ That this report was denoted as ‘Top Secret’ by the ECB indicated that only senior members of the ECB, their staff, their family
members, selected members of the banking industry and their families, the janitorial staff at ECB headquarters, as well as the employees at a variety
of FedEx print stores around the world were privy to the information in the report. Dear reader I must ask you not to share what you are about to
learn with anyone. The contents of the report are disturbing.
Everyone is in Rehab: I am in charge
“David” Gustavo began, “you will not believe the report I am looking at, what it says is extraordinary’’. “Gustavo, why are you reading
reports, I did not think that you had actually had any responsibilities other than as the ECB’s resident wine connoisseur and as a bon vivant.”
“David”, he responded, “I wish that were true but the stress here has been so intense that most of the senior members of the ECB are in rehab.
In fact, I am in charge of the ECB today. There is an expectation that the acting head of the ECB should read all reports.” “Alright Gustavo, you
have my attention, what does the report say?”
Half a league, half a league, Half a league onward, All in the valley of Debt Rode the G-20 : with apologies to Alfred Tennyson
“David the report indicates that the last two years have been a sham. Central bankers have known all along that there is no bridge to take us over
the valley of debt and into the next global economic renaissance. The report acknowledges that the glue that holds the G-20 countries together is the
largesse of each central government that provides services and employment to the population. Furthermore this largesse from the central government
helps dictate the behavior of provincial, state and municipal governments.”
In simple terms Nations will come unglued
“When the debt crisis explodes and central governments are no longer able to print or borrow money this relationship will end. The central
governments will no longer have a function. In simple terms the sovereign nations we recognize today will come unglued. This will inevitably lead to a
fracturing of many of the G-20 countries. The report anticipates that Greece will split into three countries, Northern and Southern Italy will go
their separate ways. Catalonia will split from Spain, Scotland will say good bye to Great Britain. The list goes on forever.”
It turns out that Ontario was never that popular
Quebec will bid adieu to Canada. He chuckled a bit and said not only does the report indicate that Quebec will separate from Canada but it suggest
that within a month of Quebec’s separation, Canada will hold another referendum and the people of Canada will ask Ontario to leave Confederation.
[It turns out that Canadians never did like Ontario all that much.]”
I do not believe a word of what you are saying.” Or did I?
“Gustavo, what you are suggesting is heresy. I do not believe a word of what you are saying.” Or did I? “I took a long pull from my bottle of
Jack Daniels that I kept on my bedside table. “Gustavo, calm down, surely the report indicates that there is a plan to cope with this potential
upheaval.” I suggested. “David”, Gustavo moaned, “There is no plan. Every action taken by central banks over the last few years has only had
the goal of delaying the inevitable.
Greece is nothing more than a test tube
There is no money left. Greece has been nothing more than a test tube to give other governments the opportunity to see how events will unfold once
the debt crisis explodes. France, Germany Portugal, it doesn’t matter; they are all heading in the same direction as Greece. France has not balanced
their budget in 40 years. France’s fate will be no different than that of Greece. We estimate that France will split into 5 countries.” I was
getting a little nervous. I reached under my bed and was reassured to find my two emergency bottles of Jack Daniel’s were still there.
“Gustavo”, I asked, “I do not understand, we seem to have been muddling along OK, why the sudden urgency? “What is the big panic?”
“David”, he sighed, “our projections indicate that the popular vote in the US election will be split 50/50. There will be no mandate for the new
leader. The Electoral College, we suspect, will barely put Obama back in the White House. The gridlock will be even more intense and vicious
regardless of who ends up on Pennsylvania Avenue.
‘Red States, Blue States, Spanish States?’
The hatred between the republicans and democrats will intensify to the point that the red states and blue states will begin to discuss splitting
America in to three separate countries comprised of Red States, Blue States and Spanish States.” I started to relax and laugh, Gustavo’s
prognostication was the dumbest, most preposterous and stupid observation I had ever heard. The empire that is the USA was a rock, a bastion of united
exceptionalism, forged in steel, united by their love of their flag and their country. The USA would never disintegrate into disparate and smaller
nation states. I told Gustavo that he was being absurd. “Am I David, Am I really?” he responded cryptically.
Empires can evaporate
“Our study reminded us that in 1980 the USSR was the biggest, toughest Empire history had ever produced. No one in 1980 would have suggested that
the USSR would evaporate in 10 years leaving the two Germanys reunited and create 15 new, notionally democratic countries. We checked our history
books, all empires, Roman, British, Soviet, to name a few, came to an abrupt end after a period of military over reach and political and economic
It is in the DNA of an empire to rise….and fall
The USA is not different. Their government is effectively bankrupt; their military is still a voracious money gobbling machine that will ensure that
any attempt at fiscal sanity will be unsuccessful. We project that the last dollar spent by the US government before it collapses will be spent on
another aircraft carrier in a sad attempt to ensure that they always have 10 more aircraft carriers than the rest of the world combined. Empires are
not permanent David; they are temporary structures whose demise is contained in the DNA that was implanted in the Empire at its birth.” It started
to dawn on me that this was serious.
I will be joining the senior members of the ECB in rehab
I reached for my secret stash and lit a giant doobie to calm my nerves. [Dear reader, I am aware that if I am not careful I will be joining the senior
members of the ECB in rehab.] I was desperate for some happy news so I suggested to Gustavo that China might save us. Gustavo groaned “David the
moment Europe and The USA run out of money and are unable to buy all the gadgets and toys that China manufactures, China will endure its own economic
crisis. China will begin its own evolution to become a collection of smaller nation states.