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20 Quotes From European Leaders That Prove That They Know That The Financial System Is Doomed
Posted By: afriend [Send E-Mail]
Date: Wednesday, 7-Sep-2011 17:10:24
From Blacklisted News,we get this report
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The financial crisis in Europe has become so severe that it has put the future of the euro, and indeed the future of the EU itself, in doubt. If the financial system in Europe collapses, it is going to plunge the entire globe into chaos. The EU has a larger economy and a larger population than the United States does. The EU also hasmore Fortune 500 companies that the United States does. If the financial system in Europe breaks down, we are all doomed. An economic collapse in Europe would unleash a financial tsunami that would sweep across the globe. As I wrote about yesterday, the nightmarish sovereign debt crisis in Europe could potentially bring about the end of the euro. The future of the monetary union in Europe is being questioned all over the continent. Without massive bailouts, there are at least 5 or 6 nations in Europe that will likely soon default. The political will for continued bailouts is rapidly failing in northern Europe, so something needs to be done quickly to avert disaster. Unfortunately, as anyone that has ever lived in Europe knows, things tend to move very, very slowly in Europe.
If the bailouts end and Europe is not able to come up with another plan before then, mass chaos is going to unleashed. Most major European banks are massively exposed to European sovereign debt, and most of them are alsovery, very highly leveraged. If we see nations such as Greece, Portugal and Italy start to default, we could have quite a few major European banks go down in rapid succession. That could be the “tipping point” that sets off massfinancial panic around the globe.
Of course the governments of Europe would probably step in to bail out many of those banks, but when the U.S. did something similar back in 2008 that didn’t prevent the world from plunging into a horrible worldwide recession.
Right now, the way that the monetary union is structured in Europe simply does not work. Countries that are deep in debt have no flexibility in dealing with those debts, and citizens of wealthy countries such as Germany are becoming deeply resentful that they must keep shoveling money into the financial black holes of southern Europe.
These bailouts cannot go on indefinitely. Political and financial authorities all over Europe know this and they also know that Europe is rapidly heading towarda day of reckoning.
The quotes that you are about to read are absolutely shocking. In Europe they openly admit that the financial system is dying, that the euro is in danger of not surviving and that the EU does not work in its present form.
The following are 20 quotes from European leaders that prove that they knowthat the financial system in Europe is doomed….
See the famous last words right here
http://www.blacklistednews.com/20_Quotes_From_European_Leaders_That_Prove_That_They_Know_That_The_Financial_System_Is_Doomed_/15602/0/0/0/Y/M.html
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2 comments:
20 Quotes From European Leaders That Prove That They Know That The Financial System Is Doomed. // By Michael Snyder - //
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=215010 ...........and........ The debt crisis in Europe is rapidly coming to a breaking point, and it is very doubtful that Europe will be able to move fast enough to head it off. What we may actually see is at least a partial collapse of the euro and a massive financial crisis in Europe first, and then much deeper European integration being sold by authorities in Europe as “the solution” to the crisis. This would be yet another example of the classic problem/reaction/solution paradigm. The “problem” would be a horrible financial crisis and economic downturn in Europe. The “reaction” would be a cry from the European public for someone to “fix” things and return things back to “normal”. The “solution” would be a “United States of Europe” with much deeper economic and political integration which is something that many among the political and financial elite of Europe have wanted for a long, long time.
Right now, the people of Europe are very much opposed to deeper economic and political integration. For example, 76 percent of Germans says that they have little or no faith in the euro and one recent poll found that German voters are against the introduction of “Eurobonds” by about a 5 to 1 margin. It looks like it may take a major crisis in order to get the people of Europe to change their minds.
Unfortunately, it looks like that may be exactly what is going to happen. ///
2 comments : ... Pat Burneson 12 hours ago:The prelude is over. This is war, but war that the vast majority will never see happening, only feel its effects and see its aftermath. It's the worst kind of war. It's a war of interest. // 3 people liked this. //
Michael Bodger 12 hours ago: It is indeed a prelude to war. They (the globalists) they know exactly what they are doing, because they have done it before, it has been designed to go like this, so they can effect a massive global power grab. Anyone who tells the truth is a "conspiracy theorist", anyone who tells others to wake up to whats happening is "dangerous" "mentally ill", and anyone who protests or is actively involved in the awakening, is a "terrorist" . WW3 is in its start up phase, the populations have been dumbed down (but not enough) the Middle East is in terrible danger, and after that, the world is in extreme danger of banking enslavement, corporatist rule with corporate laws (fascism) when the corporations have more say so than the people, then you have fascism, and if you want to end this, you dont fight with each other, you take out the corporate leaders and their high level minions 95% have no military background, they just know people who have, so they will be taken down like children. These scam artists need disabling and soon.
http://www.blacklistednews.com/20_Quotes_From_European_Leaders_That_Prove_That_They_Know_That_The_Financial_System_Is_Doomed_/15602/0/0/0/Y/M.html .................
The collapse of this false fiat system is exactly what we need, in order for the new metal back system to manifest it.
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