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Originally posted by Chrysalis
I feel bad for all the old brit people that thought they could live a happy retirement in the south of europe.
Oh wait, I don't.
A eurozone crash, the commission has predicted, would see £10 trillion wiped off the value of the European economy, a catastrophe that would send living standards plummeting to the levels of Latin America. The shock would wipe out all the gains of Europe’s longest period of peace since the Second World War and herald the political chaos and collapse of governments that ushered in Nazism 80 years ago.
Originally posted by MidnightTide
www.telegraph.co.uk...Eurozone collapse 'will send continent into depression’
A eurozone crash, the commission has predicted, would see £10 trillion wiped off the value of the European economy, a catastrophe that would send living standards plummeting to the levels of Latin America. The shock would wipe out all the gains of Europe’s longest period of peace since the Second World War and herald the political chaos and collapse of governments that ushered in Nazism 80 years ago.
www.telegraph.co.uk...
and if you don't think that is coming to North America then I got some sweet farmland to sell to you in Atlantis.edit on 26-11-2011 by MidnightTide because: (no reason given)
Originally posted by TheMindWar
reply to post by OneManArmy
I think it will all come to pass just after christmas during the first month of 2012. We are at a junction in our time, the question for me is, if this is the pinacle of human covilisation then what is going to come next? A frightening thought.
Originally posted by HighMaintenance
Well I have to say I was quite surprised to see this today.
I'm as prepared as I can be, which is not very prepared, unfortunately I can't afford to be. I've spent today shopping for as much food as I can afford, and we should be ok for about 2 months, if the electricity stays on, if not, we only have enough for a month, the rest will be spoiled . Then I treated my kids to a rare trip to Maccie D's and had a night on the tiles, knowing it will probably be the last for a good few years.
What I would like to know is, what happens to my debt when it does all collapse around us?? I owe very little on my credit card and the only other debt I have is my car loan. Do those debts disappear along with my savings? Should I be withdrawing my meager savings from the credit union? I obviously don't understand economics because I was always under the impression that money going out should never exceed the money coming in, but I do understand what's to come, just looking for someone to explain what happens to an individual's debt.
Originally posted by bluemirage5
reply to post by OneManArmy
Pulling out of the Eurozone or dropping the Euros is not enough to start any rioting, in fact they should be celebrating.
The only thing that would start rioting in large masses is when massive unemployment hits and they can't put a roof over their heads and food on the table. That's when you're going to see rioting on scale never seen before.
Originally posted by VoidHawk
reply to post by OneManArmy
Well said, and I agree with 99% of what you say but I'll add my thoughts on Jones and those like him.
They (Jones and the others) are ON THE OTHER SIDE. Yes they do often speak the truth but they come across like they are nutters. There's a guy on RT television who speaks the truth too but he comes across like a nutjob too.
Now place you average dumbed down sheeple type person in front of a TV thats displaying Jones and co and that sheeple person is INOCULATED against the truth. The next time the sheeple hear something that they heard from Jones they automaticaly remember THAT NUT JOB ON TV and reject the information.
Thats why the Jones and co are allowed to continue.
Probability of a high-impact event and confidence in the UK financial system.
• The perceived probability of a future high-impact event in the UK financial system increased sharply in 2011 H2, compared with 2011 H1, and was reported to be at the highest level since the survey began in July 2008.
• Looking over a short-term horizon, 54% of respondents found the probability of a high-impact event to be high or very high in the 2011 H2 survey, 43% found it to be medium and only 3% found it to be low or very low. Over a medium-term horizon, the corresponding percentages were 60%, 34% and 6%.
Originally posted by MidnightTide
www.telegraph.co.uk...Eurozone collapse 'will send continent into depression’
A eurozone crash, the commission has predicted, would see £10 trillion wiped off the value of the European economy, a catastrophe that would send living standards plummeting to the levels of Latin America. The shock would wipe out all the gains of Europe’s longest period of peace since the Second World War and herald the political chaos and collapse of governments that ushered in Nazism 80 years ago.
www.telegraph.co.uk...
and if you don't think that is coming to North America then I got some sweet farmland to sell to you in Atlantis.edit on 26-11-2011 by MidnightTide because: (no reason given)
Originally posted by Swizzy
So how does this fit in with the one global government they were supposed to try and achieve?
Is this actually a step back for the individuals striving towards a world government?