Alert, Euro On Verge of Real Crisis !

• The sovereign debt crisis has probably 1 more year to run before the plug is pulled by the Illuminists. They wish escalate the problem to such a crisis proportion that when the collapse is triggered, there will be no recourse. It will cause unimaginable suffering, unemployment, poverty, famine, bankruptcies…etc. Thereafter, the Illuminati will trigger their plans for World War 3. 
   
• Their plan calls for the collapse of the global monetary system, the destruction of all major fiat currencies. It will lead to a One World Currency and One World Central Bank –> ’666′. Christopher Laird writes:
    
  Something big is up, and it’s possible the Euro is going into a real crisis within two months…Is this the next big market surprise ala Lehman? Not exactly like Lehman, but of the scale of that crisis that shook the entire world and almost caused worldwide bank shutdowns in Fall 2008? I am beginning to think so, and have been discussing this looming new worry for subscribers, IE we are right at the cusp of something big for the Euro and the European Union, not only financially but very much so politically. Imagine what a real Euro crisis would do to – everything
    
  Alert that Euro on verge of real crisis
  We are so concerned by recent developments with Greece as a canary in the coal mine for the Euro …. we foresee a big blow up for the Euro in about roughly one month’s time. That is USD bullish and gold bullish, and bearish for about everything else out there. And this has many other implications for US Treasury bonds, the China Yuan revaluation issue and many others. This Euro situation is a huge potential bombshell, possibly outgunning all previous huge crises we faced over the last 2.5 years. That’s right, the Euro situation can outgun all the worst financial chaos we have seen so far, and lead to massive currency instability worldwide. This is a big deal if it happens as we foresee.
   
  If you noticed in the last week or so of trading days, the USD and gold often went up together. Gold and the USD are fundamentally inverse, the USD pricing most commodities, even gold if you will – especially gold. That particular gold / USD inverse is tied to the fact that the USD is still the world’s paper reserve currency still and is not losing that status yet – and gold is the world’s precious metal reserve currency.
   
  When the USD and gold rise together, trouble is near
  Now, when both rise together, you can be assured that flight to safety and liquidity/cash is in effect… The biggest reason for the USD rising at this time is flight to safety due to concerns about the Euro. And money coming out of emerging markets that are peaked out and falling. The Euro makes up over half of the US Dollar index currency basket. So, when the Euro has trouble, the USD is the biggest beneficiary along with gold.
   
  ‘This Ain’t happening.’
  It became clear last week that the EU bailout with the IMF for Greece was basically hot air. Greek bond spreads rose last week to their highest level versus Germany last week; the bond markets saying the proposed Greek bailout deal was just smoke and mirrors. Since this Greece story has been out for months, it became clear that all the Club med states and the so called PIIGS (I don’t like that term but everyone is using it to refer to those states, Portugal, Ireland, Italy, Greece and Spain) are even larger versions of the looming Greek tragedy, with even larger debt problems. And their time is running out this year too.
   
  Must have $20 billion within two months
  Why is Greece causing such a stir, its economy is small compared to say Spain, who is next in line in this crisis…? Because Greece has to refinance about $50 billion worth of bonds over the next number of months, a big $20 billion chunk due to roll over in two months. Greece is now at the door of insolvency.
   
  The fact that the EU cannot come to terms with a relatively small bailout of $50 billion for Greece shows the internal dissention in the EU over the bailouts of the Club Med guys (PIIGS), with Germany finding it politically impossible to sign a deal. Greece is being left to its own devices. That ain’t good. Not good at all.
   
  IMF solves nothing
  Getting the IMF involved is viewed by markets as a last ditch effort, and reflects terribly on the EU monetary union and political union. It is said that using the IMF here merely confirms the political paralysis in the EU over this situation, and reflects terribly on the EU and the Euro. Major political paralysis is not something a major potential reserve currency can tolerate. Calls in Germany and elsewhere to kick out repeat EMU (European monetary union) offenders with huge financial deficits, Greece running something like a 13 pct of GDP deficit yearly. It’s going bankrupt.
   
  Money is fleeing the country. A big surge of money flight to international banks in Switzerland, UK, Cyprus in the last week or so. In short, Greece is rapidly developing a sovereign bond crisis. That is nothing new, but the timing is, in light of the fact they need about $20 billion over the next two months. And money fleeing the country…is particularly worrisome.
   
• See also:
    
  Bob Chapman: The United States is Going Bankrupt With 19 Other Countries! This Is A War Against The Illuminati Secret Government!
  Sell-off in US Treasuries Raises Sovereign Debt Fears!
  The United States Is At A Precipice !
  Niall Ferguson: Greek Crisis Will Grip Whole Western World !
  Greece Debt Crisis To Trigger Financial Tsunami Across Europe !
  Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
  Philip Manduca: “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US!
  Europe Rocked By Greece, Portugal Debt Fears!
  Jim Rogers: Greece Bailout, Euro And EU Future!
  This Year US Public Debt Could Reach End Game !
  U.S. Is Riskier Than Euro Zone; So Says CDS Market !
  Gerald Celente: Great 2010 Crash is Looming !
  Bob Chapman: The Illuminist World Economic Collapse Bomb!
  MEP: Euro Will Collapse, ‘Pig States’ To Bring EU Down !
  ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’!
  Moody’s Fears Social Unrest As AAA States Implement Austerity Plans!
  Jim Rogers: Social Unrest, Debt Default & Government Corruption!
  Marc Faber And Mish Shedlock: We’re Doomed and Washington Can’t Do Anything About It !
  Collapse of the American Empire: Swift, Silent, Certain!
  Bob Chapman: World Constitution, World Government and World Currency Run by Banksters! The Rise of The ‘Mystery Babylon Whore’ of Revelation 17!
  Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Economic Depression and War!
  Europe’s Banks Brace For UK Debt Crisis!
  Max Kaiser Details The Banking Cartels Financial Criminality in Pillaging Europe!
  Riots in Athens as Thousands Protest Against Cutbacks!
  Bill Fleckenstein: Greece And UK Are Suffering A Dire Funding Problem That Is Headed For US Shores!
  Fitch Warns Britain and Questions Greek Rescue as Sovereign Risks Grow! 
  Bob Chapman: The Albatross of Sovereign Debt!
  Marc Faber: Forget US Stocks, Buy Gold Every Month ‘Forever’!
  Bob Chapman: The World is Heading Towards Many Years of Economic Darkness!
  Bill Gross: Markets Will Soon Discover How Sovereign Nations Can Go Bust Just Like Companies!
  Greece Now, U.K. Next as Scots Ready for Pound Plunge !
  Ron Paul: The US Government’s Debt Can Never Be Repaid!
  Bob Chapman: Illuminati Banksters’ Final Moves To Bankrupt The World And Push For World Government!
  Dennis Gartman: The Euro Is ‘Doomed’ !
  Concerns Grow Over China’s Sale of US Bonds!
  Doomsday Is Here For The State Of Illinois!
  Ron Paul: Chaos in The Streets and Poverty Coming To the USA!
  Charlie Munger: Basically, It’s Over! A Parable About How One Nation Came To Financial Ruin!
  On the Brink of a Bond Market Apocalypse!
  Ron Paul: We Are On The Brink Of A Financial Cataclysmic Event ! We Will Have A Currency Crisis!
  GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!
  Britain At Risk Of Worse Deficit Crisis Than Greece!
  Charles Ortel: Risks of U.S. Default Are Very Real !
  Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
  Europe’s Exposure To ‘PIGS’ Problem!
  Niall Ferguson: A Greek Crisis Is Coming To America!
  Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse!
  Spanish Intelligence Probing Debt “Attacks”!
  Fears Rise of Euro Government Default !
  Greece ‘Dress Rehearsal’ For U.S.!
  20 Reasons Global Debt Time Bomb Explodes Soon!
  John Mauldin: Greeks Bearing Gifts!
  Niall Ferguson: Others Will Follow Greek Debt Tragedy!
  Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis! 

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