Business

New Report Threatens Civil War, Collapse of International Trade and Sovereign Default if Euro Fails

The Union Bank of Switzerland (UBS) has just released a report titled “Euro Break Up—The Consequences,” wherein they predict the death of the euro and the long-term consequences should that occur.

The report starts out cheerily enough: “Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change.”

Oh, well. That’s all.

The report then proceeds to calculate what it would cost a country should it decide to resign from the euro zone. What is truly interesting, as it is astutely pointed out by Zero Hedge, is that the report focuses a great deal of attention on Germany. This signals one thing: Germany, the most effective and prosperous of all the European countries, may be considering an exit from the euro.

As a result of this widespread belief, it would seem that portions of the report were written in an apparent attempt to dissuade the Germans from a hasty departure:

Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to be around €6,000 [$8,400] to €8,000 [$11,200] for every German adult and child in the first year, and a range of €3,500 [$4,900] to €4,500 [$6,300] per person per year thereafter. That is the equivalent of 20 [percent] to 25 [percent] of GDP in the first year.

It is without doubt that a German exodus would result in an almost instantaneous diminution in Europe’s fiscal and social stability. Who would replace them?

What is especially discomforting about the report is that the UBS, an organization with an almost hegemonic influence over the world economy, has no faith in the system to which they are intimately attached.

The UBS is the world’s second largest manager of private wealth assets and maintains over $2.68 trillion in assets–much of it invested in Europe andEuroassets. It would therefore be perfectly reasonable to claim that should the euro go, then so too the UBS.

However, regardless of the social implications, the financial loss, and in spite of all of Christine Lagarde’s moral posturing, it looks very much like Germany, the most economically stable country in Europe, is ready to abandon the euro.

Rather than simply paraphrasing the starkest predictions of the report, it is best to present them in their full context:

TRADE:

The rest of the Euro area (indeed the rest of the European Union) is unlikely to regard secession with tranquil indifference.

The European Commission explicitly alludes to this issue, saying that if a country was to leave the Euro it would “compensate” for any undue movement in the NNC. It is also important to note that exiting the EMU, as we note above, means exiting the EU. This would leave the country departing with no trade agreement-with Europe

DEFAULT:

The cost of a weak country leaving the Euro is significant. Consequences include sovereign default, corporate default, collapse of the banking system and collapse of international trade [emphasis added]. There is little prospect of devaluation offering much assistance. We estimate that a weak Euro country leaving the Euro would incur a cost of around €9,500 to €11,500 per person in the exiting country during the first year. That cost would then probably amount to €3,000 to €4,000 per person per year over subsequent years. That equates to a range of 40% to 50% of GDP in the first year.

CIVIL WAR:

The economic cost is, in many ways, the least of the concerns investors should have about a break-up. Fragmentation of the Euro would incur political costs. Europe’s “soft power” influence internationally would cease (as the concept of “Europe” as an integrated polity becomes meaningless). It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war [emphasis added].

New Report Threatens Civil War, Collapse of International Trade and Sovereign Default if Euro Fails

The report goes on to clarify that last point on armed conflict:

If we consider fiat currency monetary union fragmentation, it is fair to say that the economic circumstances that create a climate for a break-up and the economic consequences that follow from a break-up are very severe indeed. It takes enormous stress for a government to get to the point where it considers abandoning the lex monetae [monetary law] of a country. The disruption that would follow such a move is also going to be extreme . . . When the unemployment consequences are factored in, it is virtually impossible to consider a break-up scenario without some serious social consequences.

After walking through all of these dreary scenarios, the report actually concludes by asserting what many economists have been saying for years: “The only way to hedge against a Euro break-up scenario is to own no Euroassets at all.”

In the words of Zero Hedge: “[the] UBS just unwittingly announced the final countdown for the EUR.”

Comments (270)

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  • endgamer
    Posted on September 7, 2011 at 6:31am

    Civil War would be instigated and financed by the same banks that formed the EU in the first place..
    They would finance all sides and profit handily from the winners and losers.

    Report Post » endgamer  
    • blue_sky
      Posted on September 7, 2011 at 6:45am

      Until 1971 dollar was as good as gold. Now how do you suggest those banks will profit from the war? Lending paper money to the government that will pay back with paper? Wake up! Banks have nothing left. Governments confiscated most of the gold.

      Report Post »  
    • louise
      Posted on September 7, 2011 at 6:49am

      You understand it perfectly. And they have been doing it this way for centuries.

      Report Post » louise  
    • Obama_Sham
      Posted on September 7, 2011 at 6:49am

      I need to become a bank…

      Report Post » Obama_Sham  
    • blue_sky
      Posted on September 7, 2011 at 6:56am

      Endgamer, the private banks created the FED to eliminate competition. But merging with government, the latter turned into corporatism/fascism and after currency is no longer backed up by gold, the private banks fooled themselves. The government always has the upper hand of tyranny.

      “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power” – Benito Mussolini, the founder of fascism. According to Wikipedia Mussolini was the top socialist leader in Italy when he understood that Socialism does not work and decided to upgrade his beloved Utopia to fascism.

      Ron Paul has been warning of the danger of big government and the FED long time ago.

      Report Post »  
    • Obama_Sham
      Posted on September 7, 2011 at 7:08am

      @Blue-Sky

      Thomas Jefferson warned of a central government and a central bank a long long time ago…

      Report Post » Obama_Sham  
    • blue_sky
      Posted on September 7, 2011 at 7:18am

      Obama_Sham, correct, those people were unusually wise. That is why some say that Ron Paul is modern day Jefferson.

      Report Post »  
    • Oh Please
      Posted on September 7, 2011 at 7:23am

      I sit and wonder how much of this was created by altercations between Soros and the Rothchilds, both will no doubt profit handsomely.

      Report Post » Oh Please  
    • blue_sky
      Posted on September 7, 2011 at 7:37am

      @Oh Please, as Ron Paul and other Austrian school economists said – bankers may be smart, but they cannot outsmart the market. With fractional reserve, high leverage, over-extending fiducial media the banks are forced to create paper money and devalue their CAPITAL in order to bail themselves out and to serve their tyrannical master – big government. Soros & Rothschilds are not in business of printing money – their capital is diminishing as everybody else’s, with inflation. But even the FED, who pays itself 3-4% interest on printed money, loses since inflation is about 10%.

      Only big government tyranny and people on entitlements that support that tyranny (75%+ of USA population) have a short term benefit. But nobody can fool the nature or market for long. Expect big changes. People should be ready to accept another dictator or freedom.

      Report Post »  
    • qpwillie
      Posted on September 7, 2011 at 7:42am

      blue_sky,
      Many people have been warning of the danger of big government and the FED since before it was even created.

      Report Post » qpwillie  
    • wesleyapril
      Posted on September 7, 2011 at 8:21am

      Go to the article on the Drudge – they conviently quoted Georgie Boy – remember he was divesting himself of Gold just recently, was shutting down his “investment company” – he knows what is going on – if you had a way to track a person with what they are doing on the stock market would be wise to do that on him.

      Report Post »  
    • blue_sky
      Posted on September 7, 2011 at 8:46am

      @wesleyapril, the “beauty” of the market is that formulas and previous experience may not help. Even if one knows for sure that the gold will go up, he can still make money on betting short at the right moment. Likewise, people who trade gold may lose even though gold goes up. Fluctuations, limit to the leverage and jolts from government/hedge funds actions wipe out 85% of regular currency/gold traders.

      Report Post »  
    • robert
      Posted on September 7, 2011 at 8:58am

      They speak of civil war, but not a word of racial or ethnic war between the multicultural hordes that have inundated Europe for quite a while now.

      But who can say how it will break down? Likely it will start out as austerity riots against the police and existing authority, as the elites impose cuts on everybody but themselves, sending the general population into the streets. Then, like Bosnia, it will fracture along lines of race and ethnicity, as the various tribes gather among themselves, following their natural instincts for group protection..

      When that occurs, tthe police and military will also separate according to race and ethnicity. But the initial split will come from civilians. This has already occurred throughout Europe, especially in Britain, France and Spain, and the Italians a few months ago rose up against black crime and violence from immigrants. The local police in several jurisdiction were called out to protect them from being set upon and killed by the villagers.

      France has “no-go” zones of blacks and Muslims throughout the country, and often these enclaves break out in ritoting, torching thousands of vehicles nightly. Britain has a similar problem. We all saw the London riots in living color, but what wasn’t mentioned were racial confrontations between Muslims/blacks and the locals there which has occurred in different locations numerous times in the last few years.

      It will be even worse and more widespread in the US.

       
    • Vechorik
      Posted on September 7, 2011 at 9:09am

      QPWILLY, Freddie/Fannie failed 2008 Ron Paul predicted it 2003 Other lawmakers said “they didn’t see it coming”- http://www.youtube.com/watch?v=uLqDUqquIJk

      Report Post »  
    • ashestoashes
      Posted on September 7, 2011 at 9:42am

      @Blue Sky Have you seen this?
      http://www.youtube.com/watch?v=USGSOViaulc

      Report Post »  
    • marybethelizabeth
      Posted on September 7, 2011 at 9:58am

      Let me tell you something ( and I heard Pat unleash a lmtys yesterday)

      Reports like this are simply arguments to persuade the implementation of changes.
      Instead of focusing on what changes to the Euro system this financial institution wants to impose, this story focuses on the rhetoric.
      No one can predict the future.

      Report Post » marybethelizabeth  
    • Vechorik
      Posted on September 7, 2011 at 10:17am

      QPWILLIE, Ron Paul 2008 talking about global financial crisis and failure of the dollar — and solutions

      http://www.youtube.com/watch?v=vLfaR-AAOHs

       
    • CrazyTexan
      Posted on September 7, 2011 at 11:09am

      Ron Paul and George Soros/move on . ogre connection

      http://www.youtube.com/watch?v=gh-PxT12rpE

      Report Post »  
    • dr_funk
      Posted on September 7, 2011 at 2:58pm

      Europe is the last empire from Nebuchadnezzar’s dream; the feet of mixed iron and clay.

      Report Post »  
    • BetterDays
      Posted on September 7, 2011 at 4:55pm

      Interestingly, the thought of a single economic union for Europe comes from Germany in 1944, once the Nazi knew they had lost the war. Krupp and other high ranking officials conducted this union and said “ in 50 years well see the fruit of it”, it was actually 53 years when the EU was formed.

      Report Post »  
    • avenger
      Posted on September 7, 2011 at 7:59pm

      you bet..it is cyclical,they rape the dummies and eventually clean house with revolutions…

      Report Post »  
    • UPSETVET
      Posted on September 8, 2011 at 6:12am

      The USA pulled Europe back from the brink of total destruction after WWII and in reality we’ve been propping it up ever since. The European Union and the $euro have been in competition with the USA and $1,00 in an attempt to devaluate and eliminate both so the EU can be the world‘s leader’s. It’s not working out like it was planned. Many countries have substituted their dollars with euros since the valuation of the euro is higher that the dollar. This has weakened the dollar and so the EU has promoted it‘s own demise with it’s soon to be worthless paper money. If the dollar is weak, the euro is weaker.

      Report Post »  
  • Ironmaan
    Posted on September 7, 2011 at 6:19am

    The Eurozone is a Macrocosm of the european social welfare system. Germany is the producer /host and the rest of Europe is the parasite. Its time Germany wakes up and removes itself from the Eurozone and just lets the rest of Europe and especially the PIGGS nations destroy themselves through their laziness and their entitled mind set. http://guerillatics.com

    Report Post »  
    • Mil-Dot
      Posted on September 7, 2011 at 6:48am

      Exactly Ironman.
      The Euro was nothing more than a “love and diversity” scheme that the euro-commies came up with to suck money from Germany and France so they could retire at fifty and lay around all day. I never saw anythng wrong with each country having their own currency and standing on their own two feet. But no, some genius HAD to figure out a way to scam money from people to line their pockets even further.

      Report Post »  
    • Joe Potus
      Posted on September 7, 2011 at 11:56am

      I agree as well.
      Germany has very little to loose in this.
      The flight to safety will empower them and finance the necessary re-capitalization.

      For socialist Europe to break trade with them would hurt them more than help when the alliance crumbles. Germany could have trade agreements set in a week with China, Russia and even some of the other EU countries are bound to fly to safety rather than ride the EU train wreck to it’s finale.

      The serious problem:
      What will happen when the bleeding-hearts see the conditions of the failed countries drop into starvation and riots? China has already said it would back any failed EU country. They aren’t going to do that without serious concessions. I wonder how well we have war-gamed this.

      Report Post » Joe Potus  
    • muzikant
      Posted on September 9, 2011 at 7:49am

      it seems in a way that Germany right now is“ the TEXAS of Europe”. Just much more socialist.

      Report Post » muzikant  
    • muzikant
      Posted on September 9, 2011 at 7:59am

      It was part of the “Redistribution of wealth” agenda. Germany was in the Eurozone because it had “too much” wealth. They wanted it to be redistributed to the poorer countries. Same thing is going on at a larger scale with the US – socialists want us to redistribute our wealth to the rest of the world, i.e -
      no drilling in the gulf, but buying from Brazil, who is drilling in the gulf. They only reason that the US is still standing is because Capitalism has made it VERY strong economically, thereby harder to bring down, and because our govt changes back and forth all the time, meaning, from liberal to more conservative, hence, slowing the the fall of the US.
      The problem is that the last 3 years was the BIGGEST assault on the US in recent history.

      Report Post » muzikant  
  • PFN
    Posted on September 7, 2011 at 6:08am

    The Marxist/Socialists must be eaming with pleasure! They have all but destroyed the American AND the European currencies! One step closer to their “New World Order!”

    As for investing in gold, not a bad idea, but when our economy collapses what will you buy with that 1 ounce piece of gold that is worth $5.000 or more… a years worth of food? I don’t think so! Because it’s value is so inflated it will not hold value as a barter material. I prefer lead, brass, and copper all rolled into a package called a cartridge. Ammo; the “New World” currency. You will find that ammo will get you through times of no gold better than gold will get you through times of no ammo in the near future. Got ammo?

    Report Post »  
    • simply one voice
      Posted on September 7, 2011 at 6:15am

      That‘s like asking me if I have real medical supplies for times when no Doctors or RN’s will come knocking on your door just to see if you’re okay. The Boy Scouts Motto is very serious: Be Prepared.

      Report Post » simply one voice  
    • hidden_lion
      Posted on September 7, 2011 at 7:19am

      Don’t forget the booze….Alcohol in tradable sized bottles. Doesn’t spoil and has more than one purpose.

      Report Post » hidden_lion  
    • spurjimmy
      Posted on September 7, 2011 at 8:08am

      Take two people and put them in the desert. One has an ounce of gold, the other a pint of water. Who is richer?

      Report Post »  
    • logictrumps
      Posted on September 7, 2011 at 2:56pm

      spurjimmy

      You and PFN assume a permanent mad max unrest scenario. History has shown we always rebuild and during that rebuilding, some form of order is restored and at that point, economic activity, commerce & trade begin to surface again.

      With that said here is an answer to your question.

      The man with the gold as he will pay a crew to dig a well and then inflate the price of water from his well. Lets go even further.

      The man with the gold will find a man with equipment and strike an agreement. The man will use the gold as leverage to rent the equipment which in turn he will rent to others in order to generate income and pay his monthly rental fee. He still owns the gold but it is held at the local private community bank in an escrow account so long as their agreement stands.

      Face it – if you are only stacking food & lead and other items for barter, your labor will eventually belong to someone else. The whole reason for our founders wanting coined currency is because gold & silver are a store of value that maintains liberty & independence for the individual. I have given you two scenarios to show you he who owns the gold makes the rules.

      Now go out and research the number of central banks purchasing gold in the last two years and post another water vs gold story if you dare.

      Report Post »  
    • flfshrmn
      Posted on September 7, 2011 at 7:52pm

      When our economy collapses an ounce of gold will be worth whatever it buys. You can’t think in dollars and cents as the dollar will be worthless. For instance. If you find a 1950′s dime that is solid silver. Take it to a bank and they will give you the equivelent of .10 dollars (10 cents). That same dime can be used to purchase a gallon of fuel right now at todays prices and some stations are catching on and extending that offer. You need to ask yourself what will that same silve dime purchase in 6 months?

      Report Post » flfshrmn  
    • Aliza Tamara Lowell
      Posted on September 7, 2011 at 10:45pm

      Everybody thinks that buying gold will help solving the problem during troubled times. In theory maybe, but in reality it won’t work. I had a family member who got sick during the civil war in former Yugoslavia, and to get a bottle medicine, had to pay with a gold/diamond ring.
      My mom then told me that some of their neighbors (families of 4 & 5) gave away gold bracelets for a 1/2kg bread.
      When it is a war or civil war, the gold won’t take you too far. Not unless you are rich like the former Nazis, who could afford to posses tons of gold “bricks”. How many of us, working citizens can afford that?
      My parents invested in gold jewelry, rubies, diamonds, etc. yet when my mom get in hospital, she had to bring her own food from home (my brother provided her), or she could starve. Jewelry investment didn’t bring them far.
      My point is, unless you can invest in tons of “gold bricks”, don’t even bather. Having jewelry in troubled times will cause more trouble to you than help. You can get yourself killed for it, while it‘s value won’t be enough to secure yourself and your family a week value food.
      Get real with this “gold investment”. If you’re a working class, you are chasing rainbows…
      I’m talking from experience. And I was talking about 24 carat golds, not 10 karats you buy in this country. 10 karat is cheep quality has no value at all.

      PFN is right; it is better to buy food as long as you able to do it, have a food storage. Gold won‘t help when there’s n

      Report Post » Aliza Tamara Lowell  
  • simply one voice
    Posted on September 7, 2011 at 5:32am

    This article by Becket Adams, I think, is very poorly written. It just doesn’t have American English clarity or punch. While I dislike pointing out The New York Times, they did have an article on this that was a bit more visceral and visual:

    http://www.nytimes.com/2011/09/07/business/global/in-euro-zone-banking-fear-feeds-on-itself.html?_r=2

    While the spot price of gold is being manipulated down to try to ward off investors, the exact opposite is the real effect; i.e., gold is moment by moment more affordable and desirous.

    Buy gold, if you can. In the coming collapse of the Euro, banking instability will eventual cross the Atlantic to our doorstep. Be safe, and be prepared on all levels at home. My best advice.

    Report Post » simply one voice  
    • loriann12
      Posted on September 7, 2011 at 5:57am

      I‘ve been told that if you can’t afford a whole ounce of gold, to buy gold jewelry. It’s sad, but I could see the possiblity of selling gold chains by the link to get goods and services. I was also told you had to be very careful when buying gold jewelry that you don’t get plated, but I’ve forgotten the test (besides an acid one that I‘m sure they wouldn’t let you do at the store) to find out if it’s solid gold or not.

      Report Post »  
    • Vechorik
      Posted on September 7, 2011 at 9:16am

      I don’t buy gold. I buy canned good specially prepared to last 15-25 years, cotton clothing, ammo, bartering material. Money spent TODAY buys much more than your money can buy later. BUY NECESSITIES, not gold. The price is too high and who is going to take it when they need practical items?

      Report Post »  
    • ThatsRight
      Posted on September 7, 2011 at 2:37pm

      Fair and Final warning to those “To big to Fail” naysayers. Most important to note: America is in worse fiscal condition than the EU. We just bury our heads deeper in the sand.

      Report Post »  
    • Becket Adams
      Posted on September 7, 2011 at 3:48pm

      Dear sir,

      “Visceral (adj.), 1. felt in or as if in the viscera: deep, 2. not intellectual: instinctive, unreasoning, 3. dealing with crude or elemental emotions.”

      Accusing my work of not being “visceral” enough is the kindest non-compliment I have ever received. As a reward, I’ll try to remember to include more colorful, pretty pictures for you.

      Also, please advise which parts you thought were unclear. I can explain them to you if you would like.

      Cordially,
      Becket Adams

      Report Post » Becket Adams  
    • robert fossett
      Posted on September 7, 2011 at 6:51pm

      well,one trip around Europe would of told anyone wth common sense that was a really crappy idea to force so many different countries that have little in common.the southern half of Europe is little better than 3rd world,and the rest 2nd world with Germany footing most of the Euro zone’s bills.the mighty European economies will all collapse,take us down too and the loanshark lender of all lender “CHINA”will come to collect. DECEMBER 21st 2012 ring any bells? GET READY BECAUSE IT’s COMMING FAST!!!

      Report Post »  
  • Richard Compton
    Posted on September 7, 2011 at 4:55am

    All the more reason we need to return to a gold standard for our currency. The whole idea of mutual assured ecconomic destruction was supossedly brilliant move but look at the consequences of it’s reality, a reality that was never believed to have a chance to become a reality, yet here we are at the brink!

    Report Post »  
    • loriann12
      Posted on September 7, 2011 at 5:58am

      Doesn‘t this prove the one world currency doesn’t work?

      Report Post »  
    • Puddle Duck
      Posted on September 7, 2011 at 4:54pm

      It’s proof positive that central planning wrig large on a global scale may be facing THE final nail in the proverbial “collective” coffin, a cancer of an ideal that has killed more humans than all of the 19th and 20th century wars/disasters combined (present conflicts included).

      This is the last gasp IMHO of the socialists/communists/progressives but before they go down they will use every conceivable opportunity real or created to further a weakening grip on the global reigns of power. the next 20 years will be very rough for miilions if not billions of people. A return to sanity is begiining to dawn on the minds of many who have sat idly by ….no longer.

      I feel and it’s very sad to say this that we will have to fight a Civil War II in North America in order to rid the continent of the entitlement/communist scourge…either through conflict or education (real eductaion). The Unions were at the heart of the triubled times in Wiemar Republic which in turn allowed the rise of evil to prevail. I’m no religious man but I do think there is a higher power, regardless the current US Admin if they do not amke a 180 degree turn tomorrow night will be the harbinger or bringer of ruin woirld wide which will kick off WWIII in earnest.

      Report Post » Puddle Duck  
  • welloddyfriggindah
    Posted on September 7, 2011 at 4:41am

    God is not surprised by any of this; hard to catch Him off guard! Watch and Pray, and pack, and store, and trust God, and…

    Report Post » welloddyfriggindah  
  • blue_sky
    Posted on September 7, 2011 at 4:20am

    Do not trust Swiss. They simply have no gold left and panic.

    1) in 1950′s USA took most of the gold from Swiss promising to distribute to Nazi victims (ooops, still here)

    2) Swiss was foolish enough to sell lots of gold in 90‘s and 00’s.

    Neo-cons and socialists are laughing and Ron Paul, but have no answers what to do when dollar collapses. Usual scare tactics are meant to prop up the old failed system.

    Report Post »  
    • Seamus236
      Posted on September 7, 2011 at 5:38pm

      I would like to know where you are getting your “information” from regarding the Swiss and their Au holdings. It appears that you are grossly uninformed and may have been victimized by some postings on the internet websites. Switzerland and Germany are the two largest holders of Au in the world and have been since WWII. They learned their lessons the hard way.

      Report Post »  
  • mauijonny
    Posted on September 7, 2011 at 3:55am

    Surely many of you remember when the EU was first proposed, and many talked of this very thing happening – they were called narrow-minded, ignorant, etc… Sound familiar?

    Report Post » mauijonny  
    • SHOWMESTATEGUY
      Posted on September 7, 2011 at 4:05am

      At least you remember. Thought I was the only one.

      Report Post »  
    • zman61
      Posted on September 7, 2011 at 8:58am

      I remember that there were many countries that had a populous that did not want to be a part of the EU and their politicians and leaders took the plunge anyway. Wonder what will happen to those people if this all comes tumbling down? piano wire hanging from a bridge maybe?

      Report Post »  
  • hogtrashhd
    Posted on September 7, 2011 at 3:48am

    Soros is already cluck cluck clucking.. you better believe he and obama are in on it.. it would help them tremendously… keep your powder dry.. it’s coming.. in one manifestation or the other.. hell’s going to break loose …

    Report Post »  
  • Arizona4Ever
    Posted on September 7, 2011 at 3:43am

    And those same socialist idiots think creating an “Amero” as the replacement for the Dollar is actually a good idea.

    Report Post » Arizona4Ever  
    • staggerlee32
      Posted on September 7, 2011 at 5:53am

      A good idea for them to get their NWO….. not a good idea for us……lol

      Report Post » staggerlee32  
  • hogtrashhd
    Posted on September 7, 2011 at 3:40am

    history shmistory.. let’s just keep on experimenting.. and watch the world crumble… maybe it is time for a new world order.. not the kind soros and obama want.. but what God wants..

    Report Post »  
    • mauijonny
      Posted on September 7, 2011 at 3:59am

      Thank you! I’ve been struggling with the right way to say just this for the last 1/2 hour and gave up. Might sum it up by saying God gave us ALL “unalienable rights” and we keep getting it mixed up with money…

      Report Post » mauijonny  
    • kasper512
      Posted on September 7, 2011 at 4:45am

      I 2nd that

      Report Post » kasper512  
  • chicago76
    Posted on September 7, 2011 at 3:35am

    When the collapse happens, I hope you have enough food and water and guns to last till a new system of government is created.

    Report Post »  
    • Dustyluv
      Posted on September 7, 2011 at 3:57am

      If you aren’t sure,,,you don’t have enough.

      Report Post »  
    • staggerlee32
      Posted on September 7, 2011 at 5:55am

      guns need lots of ammo

      Report Post » staggerlee32  
    • zman61
      Posted on September 7, 2011 at 9:15am

      guns eat lots of ammo that’s for sure but one can only keep so much ammo that stuff is HEAVY.. best be a really good shot and collect it along the way!!!!!

      Report Post »  
  • chicago76
    Posted on September 7, 2011 at 3:32am

    If the Euro collapses, the dollar will collapse. They are tied together. Get ready folks because it is coming and there ain’t nothin anybody can do about it. The politicians are like rats right now. They are grabbing as much as they can from the sinking ship before it goes down. Happy New :Year.

    Report Post »  
    • flfshrmn
      Posted on September 7, 2011 at 8:13pm

      Not the truth. The dollar has been around and will be around long after we are reading about the failed Euro experiment. The dollar will be forced to return to the gold standard for it’s survival.
      You all better start to get yourselves some shinny before it goes orbital and you find yourselves on the outside looking in.

      Report Post » flfshrmn  
    • Vechorik
      Posted on September 8, 2011 at 9:53am

      The last stimulus money hasn’t affected the dollar yet. Ron Paul said it should hit this coming summer. If they print more — I’m scared!

      Report Post »  
  • Fabian_Hunter
    Posted on September 7, 2011 at 3:27am

    What’s uh Euro?

    Report Post » Fabian_Hunter  
  • Windsong
    Posted on September 7, 2011 at 3:14am

    Since many of us have seen this coming for a long time, exactly how smart do we all think our elected officials are? That goes for you too, Europe! They’ve all been having this fun sixties style unwashed hippie orgy and now our lives are on the line. The people need to stand up – in all countries – peacefully and together. If our leaders aren’ t smart enough to have a prosperous, well-run country – while getting along internationally, then it is up to us grown-ups.
    Together we can peacefully take our countries out of the hands of bigots.

    Report Post »  
    • chicago76
      Posted on September 7, 2011 at 3:37am

      They knew it. They are just trying to steal as much from the country as they can before it happens.

      Report Post »  
    • louise
      Posted on September 7, 2011 at 6:59am

      Windsong, you do not understand the scope of evil in this. It is wonderful and good to hope that the people will stand up together and do this or that. But we are at a time in history when our “standing together” is going to be about standing in the Truth of God, not the truth of men. It is fast approaching.
      Some on here laugh and make jokes about what is happening “over there”. This is not funny.
      God bless all who believe.

      Report Post » louise  
    • Mil-Dot
      Posted on September 7, 2011 at 7:03am

      Peacefully? Are you in some sort of dream state or on drugs?

      Report Post »  
  • OperationNorthwoods
    Posted on September 7, 2011 at 3:07am

    Why should Germany continue to prop up the weaker countries in the EU? Germany has a solid economy and is starting to realize that the new world order is going to drag them down to the level of Mexico just like in the USA. Get out while you can Germany. .

    Report Post » OperationNorthwoods  
    • PoliticalJunkieToo
      Posted on September 7, 2011 at 4:14am

      Excellent post!

      Report Post »  
    • notreally
      Posted on September 7, 2011 at 6:50am

      As in: “Why should hard working people support parasites?” It’s socialism, writ large.

      Report Post »  
    • Vechorik
      Posted on September 7, 2011 at 9:43am

      Same reason the US supports failing states, such as:
      Forty-four states will likely come up short of their budgets in 2012, a development that has lawmakers considering a special bankruptcy provision for states. But which are deepest in the hole? The Daily Beast crunched the numbers, factoring in not just debt but unfunded pension and health care obligations. Here’s the top 10:

      Rhode Island
      Connecticut
      Massachusetts
      Illinois
      Hawaii

      New Jersey
      New Hampshire
      Indiana
      Louisiana
      Oklahoma
      Taken from: http://www.newser.com/story/110717/top-10-states-in-deepest-debt.html

      Report Post »  
  • READRIGHTHERE
    Posted on September 7, 2011 at 2:55am

    It is like we are slowly climbing the first rise of a roller coaster, one click at a time we get nearer the point that we violently come crashing back down, only on this ride, not everyone is wearing a restraint and the rails haven’t been maintained, and there is evidence of broken chunks of the structure lying around the supports. We may be in for an epic ride if not a complete fail.

    Report Post »  
  • SHOWMESTATEGUY
    Posted on September 7, 2011 at 2:49am

    Seems like everyone is talking about war these days. Be it the lib dems in America or the libs in Europe.

    Report Post »  
  • ITEOTWAWKI
    Posted on September 7, 2011 at 2:37am

    If Germany takes the moral high road, they go down with the rest of them. If they make a business decision and cut their financial losses they become the Israel of the EU. Right in the exercise of their sovreignty but hated by all their neighbors.

    Report Post »  
    • zman61
      Posted on September 7, 2011 at 9:21am

      So it’s like welfare. if the people that pay into the system suddenly “go Galt” the welfare recipients will hate them. Well I think if I were Germany I would be tired of the ticks sucking on me. I would pull them all off. put on some repellent and “go Galt” let em starve that’s how you get rid of ticks….. Socialism is for the people, not for the socialist.

      Report Post »  
  • ginger100
    Posted on September 7, 2011 at 2:37am

    Yeah, lets be like Europe. I’d like to see Texas break away from the craphole states like California all the New England States and Illinois. Oh and New Mexico.

    Report Post » ginger100  
    • Dustyluv
      Posted on September 7, 2011 at 4:01am

      Sorry…we have a weak RINO Governor that won’t lead us to do that. He only talks a good game. Texas could and should be a Country all to itself. Rick Perry is a big ole Pword.

      Report Post »  
    • PoliticalJunkieToo
      Posted on September 7, 2011 at 4:20am

      Texas ruined its “rugged individual” image by repeatedly electing Rick Perry.

      Perry is against a border fence, was the first governor to give illegals in-state college tuition, was FOR forced muslim teachings in the schools, MANDATED that students get that experimental anti-wart vaccination and then later changed his mind, and PERRY OVER RULLED Texans who had already voted AGAINST that huge CHINA SUPER HIGHWAY from Mexico though Texas all the up into Canada by authorizing it anyway when the voters turned it down. China wants to bring its manufactured goods (stolen our industries) into cheap Mexican ports (and not California ports) and then use cheap Mexican truckers to run their Chinese products RIGHT THOUGH America’s heartland and into Canada – using the force of the government TO TAKE THE LAND from people to build that massive highway WHICH Americans not only have to pay to build BUT have to pay to use.

      Report Post »  
    • Deuteronomy22
      Posted on September 7, 2011 at 5:37am

      “China wants to bring its manufactured goods (stolen our industries) into cheap Mexican ports (and not California ports) ”

      Pjunkie, you know Canada does have it’s own ports. China can directly import into Canada. Those who want the highway are American corporatists, Perry donors, who don’t want to pay USA trucker wages.

      Report Post » Deuteronomy22  
    • zman61
      Posted on September 7, 2011 at 9:12am

      the reasons that they wanted to build the NAFTA superhighway were many. Cheap Mexican truckers. YES. Not having to pay union wages in the ports in Long Beach. YES. enabling anything that they want to be brought into this country pretty much unabated , like drugs, weapons, UN Peacekeepers YES!!!

      Report Post »  
    • graywolf11
      Posted on September 7, 2011 at 10:40am

      Succession is an urban legend. Can’t happen.

      Report Post »  
    • CrazyTexan
      Posted on September 7, 2011 at 12:02pm

      In 1988 Paul staunchly said he would abolish the CIA, the FBI, and everything but the Justice Department and Department of Defense. In May of 2007 he back peddled, by saying at least in regards to the CIA “I would not abolish all their functions”. Perhaps he was in error in ’88? Now he is claiming that we need to bring all of our troops home, build a fence and put them on the border. He then voted against putting troops on the borders to secure it.Firstly, that violates the quartering of troops on private land, which is what most of the border land is. Secondly it also would involve the taking of private property by the government for public purposes (AKA the fence) just like the “evil” trans-Texas corridor, which we already have in the form of highway 29, I-35 and 1-10,(Perry’s proposal would have simply widened them improving transportation across a rather large state. Doesn’t make it anymore right than Paul’s current solution of taking land to build a fence and stationing troops).
      Paul Voted YES on more immigrant visas for skilled workers; Reference: Bill introduced by Smith, R-TX.; Bill HR 3736 ; vote number 1998-460 on Sep 24, 1998, now he says free trade agreements will take American jobs. In 2011 says that welfare is our biggest problem but in 2006 voted for $70 million increase for section 8 vouchers; Bill HR 5576 Amendment 1015 ; vote number 2006-267 on Jun 13, 2006.
      People evolve, at least be honest enough to see that your guy does the same

      Report Post »  
  • redneck hickabilly
    Posted on September 7, 2011 at 2:37am

    its far worse then that..american bailout 900 billion do you guys know how much the fed has dumped into the eurozone….4 trillion
    if europe defaults america defaults….

    Report Post »  
    • PoliticalJunkieToo
      Posted on September 7, 2011 at 3:12am

      This is about THE BANKS and control of the world currencies.

      Why is ANYONE or ANY COUNTRY bailing out BANKS? Their one world banking system (all tied together) is crumbling but the banking investors want THEIR money back and are robbing taxpayers around the world to ensure they get their money back BEFORE everything collapses and the little guy depositors are screwed.

      AUDIT THE FED NOW.

      Report Post »  
    • NHwinter
      Posted on September 7, 2011 at 8:52am

      Obama, Hillary, Perry, and on and on, are all part of the Bildeberg group who want a NWO. Whatever happens, that is their goal. It is so big and powerful now I wonder if anyone can stop it. Romney is not a Bildeberger. He may, and I say may, be our best bet. But, I doubt we will even have a 2012 election. Rural people can prepare, but what do city people do except come to the country and raid.

      Report Post » NHwinter  
    • CrazyTexan
      Posted on September 7, 2011 at 12:55pm

      For those of you honestly concerned with the NWO, Paul also has made some dangerous bedfellows. Or is your true motivation the ends justify the means (Alinsky)? If you are unwilling to dismiss the premise that Perry would want to check out Bilderbergers first hand to assess the threat he has heard so much about, and then got away AFAHC, that Bachman was just a woman trying to make a living like most of the rest of us, that Cain served in the Fed because he saw it as an honor that was the apex of a life of very hard work, but are willing to dismiss Paul’s association, accepting money and support from these NWO groups and Soros, you are a hypocrite and as supposedly “naïve” as those you are slamming for considering Perry, Romney, Bachman or Cain. Go ahead, read, your eyes won’t melt in their sockets.

      If this doesn’t cause you to at least pause, then you are either A) one of the progressive socialists in these groups or B) Simply USING the NWO arguments to further your own causes. Either way, you are posers.

      Ron Paul: Bought and Paid For By Anti-War Socialists at MoveOn.org take a look at the embedded links in the stories.

      http://swordattheready.wordpress.com/2007/11/30/the-disconcerting-truth-of-the-company-ron-paul-keeps/
      http://swordattheready.wordpress.com/2007/12/20/ron-paul-bought-and-paid-for-by-anti-war-socialists-at-moveonorg/

      Report Post »  
  • ChiefGeorge
    Posted on September 7, 2011 at 2:33am

    They (the WEU) have already delineated the powers of the WEU to the socalled “TEN”. They will be the governing body of the old WEU but still nearly functioning in the same capacity with just as great a power.

    Report Post » ChiefGeorge  
  • mlcblog
    Posted on September 7, 2011 at 2:23am

    Sometimes it seems to me that this is being trumped up.

    Report Post » mlcblog  
    • ChiefGeorge
      Posted on September 7, 2011 at 2:31am

      This is why the EU nations need greater control over the oil from the mideast. We can no longer rely on the dollar for oil transfers set up by Kissinger back in 73. Russia and China see our take over of the region as a national security threat and they definitely will not sit idly by watching all this. War is coming on the pretext of the Israeli issue but the real gem they want is more oil control and I believe the NWO forces are more than willing to trade up Israel for more oil export guarantees. Too much happening to keep track of everything. Things are spiriling out of control not only in the EU but all over the world. Get ready for really tough times people. Learn skills like survival, canning, farming, hunting, trapping, water purification etc.

      Report Post » ChiefGeorge  
    • Exrepublisheep
      Posted on September 7, 2011 at 2:32am

      I love how there’s an ad for Goldline in the middle of the story.

      Report Post » Exrepublisheep  
    • PoliticalJunkieToo
      Posted on September 7, 2011 at 3:19am

      This is why the EU nations need greater control over the oil from the mideast.
      __________
      Exactly!

      I am AMAZED that the “sheeple” on the right got suckered into wrapping themselves around the USA flag to support a raid on LIbya when Libya is NOT a threat to us.

      I am AMAZED that the “sheeple” on the left go suckered into accepting the Libya war and the lives and cost of it by wrapping themselves into the Democrat Party Flag.

      Where is our CONSTITUTION? Only when Congress FORMERLY DECLARES war do we go into Iraq, Afghanistan or Libya – yet Congress never did. It gave “permission” to Bush but did NOT declare war and Obama never even asked for that.

      Where is our CONSTITUTION? Only Congress can COIN MONEY!!! We need to go back to THAT and get rid of the amendment that allowed THE FED (private bankers) to handle our money.

      Report Post »  
    • Obama_Sham
      Posted on September 7, 2011 at 7:07am

      @PoliticalJunkieToo

      “Where is our CONSTITUTION? Only Congress can COIN MONEY!!! We need to go back to THAT and get rid of the amendment that allowed THE FED (private bankers) to handle our money.”

      While I agree that some dubious things are happening and a lot of those things seem to point back to the FED, do you really want Congress controlling our monetary policy?!? Look at the overall state of our Congress… We would simply be replacing one set of crooks with another set of crooks… I don‘t think the FED is the answer and I sure as h3ll don’t think Congress (in its present form, meaning its current elected membership) is the answer… There has to be a better way…

      Report Post » Obama_Sham  
    • zman61
      Posted on September 7, 2011 at 9:42am

      @obama_sham
      Congress IS the way. It was perfectly laid out for us by some pretty smart people. the reason it’s not working is some people wanted to drastically change what was set up so perfectly for us. If the congress was the way it was designed and Senators were appointed by their state legislators and could be recalled if they did not vote as they were instructed, IE repeal the 17th amendment to the constitution. The FED were to be abolished, IE repeal the 16th amendment to the constitution. THen the people could have their say and we could hold our congress accountable. They would have to stick to the confines off the constitution and only fund what was intended in the first place. The 18 enumerated powers. Parasites would then have to either work for a living or die. and big central banks would not be in control of our wealth. They would not be able to steal your wealth through inflation. Do I think that this could happen now? not likely because the DIMs have created a monster with entitlements and the entitlement mentality. The parasites (entitlement DIM voters) now far outnumber the host (conservative, not necessarily GOP, voters). Then you throw in the Socilaist/Marxist/Communist voters and we are far outnumbered…. You have to starve the ticks!!!! it’s the only way to get rid of them… “go Galt” it’s already happening. look around. businesses are not hiring, people are being laid off. it’s because the government is strangling them. Taking all incentive aw

      Report Post »  
    • Obama_Sham
      Posted on September 7, 2011 at 12:02pm

      @Zman61

      I agree 100% with your post concerning Congress in its original form… That is why I said “Congress in its present form”… IMHO, we are not going to have presidential elections next year let alone be able to abolish amendments that allows the fed gov. to usurp power from the states…

      Obama_Sham  
  • BrokenHearted
    Posted on September 7, 2011 at 2:14am

    Food, water and ammo….get as much as you can as fast as you can.

    Report Post » BrokenHearted  
  • Sy Kosys
    Posted on September 7, 2011 at 2:12am

    C’mon EU…Resist we much! Take those sons of biotches down!

    Oh wait…

    Report Post » Sy Kosys  
    • AMERICA4EVER
      Posted on September 7, 2011 at 2:18am

      They were collapsed in 1776.

      Report Post »  
    • 2ndrevolution
      Posted on September 7, 2011 at 2:36am

      This will be America too. Obama (Soros) wants this to happen so they can achieve their one world order.

      Report Post »  
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