The Beginning Of The End
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11 Quotes That Show How Worried The Financial World Is About Europe Right Now

The recent elections in France and in Greece have thrown the global financial system into an uproar.  Fear and worry are everywhere and nobody is quite sure what is going to happen next.  All of the financial deals that Greece has made over the past few years may be null and void.  Nobody is going to know for sure until a new government is formed, and at this point it looks like that is not going to happen and that there will need to be new elections in June.  All of the financial deals that France has made over the past few years may be null and void as well.  New French President Francois Hollande seems determined to take France on a path away from austerity.  But can France really afford to keep spending money that it does not have?  France has already lost its AAA credit rating and French bond yields have started to move up toward dangerous territory.  And Greek politicians are delusional if they think they have any other choice other than austerity.  Without European bailout money (which they won't get if they don't honor their current agreements), nobody is going to want to lend Greece a dime.

And all of this talk about "austerity" is kind of silly anyway.  It isn't as if either France or Greece was going to have a balanced budget any time soon.  Both nations were still running up huge amounts of debt even under the "austerity" budgets.

But the citizens of both nations have sent a clear message that they are not going to tolerate even a slowdown in government spending.  They want to go back to the debt-fueled prosperity of the last several decades, even if it makes their long-term financial problems a lot worse.

Unfortunately, as I mentioned earlier, Greece does not have that option.  Without the bailout money that they are scheduled to get, Greece does not have a prayer of avoiding a disorderly default.  Private investors would have to be insane to lend Greece money if the bailout deal falls apart.  Greece desperately needs the help of the EU, the ECB and the IMF and the only way they are going to get it is if they abide by the terms of the agreements that have already been reached.

The only way that Greece can avoid austerity at this point would be to leave the euro.  Nobody would want to lend money to Greece under that scenario either, but Greece could choose to print huge amounts of their own national currency if they wanted to.

The situation is different in France.  Investors are still willing to lend to France at reasonable interest rates, but if France chooses to run up huge amounts of additional debt at some point they will end up just like Greece.

What is even more important in the short-term is the crumbling of the French/German alliance on European fiscal matters.  Angela Merkel and Nicolas Sarkozy were a united front, but now Merkel and Hollande are likely to have conflict after conflict.

Instead of moving in one clear direction, the eurozone is now fractured and tensions are rising.

So what comes next?

Well, investors are not certain what comes next and that has many of them deeply concerned.

The following are 11 quotes that show how worried the financial world is about Europe right now....

#1 Tres Knippa of Kenai Capital Management: "What is going on in Europe is an absolute disaster…the risk-on trade is not the place to be. I want to be out of equities and very, very defensive because the situation in Europe just got worse after those elections."

#2 Mark McCormick, currency strategist at Brown Brothers Harriman: "We’re going to have higher tensions, more uncertainty and most likely a weaker euro."

#3 Nick Stamenkovic, investment strategist at RIA Capital Markets in Edinburgh: "Investors are questioning whether Greece will be a part of the single currency at the end of this year."

#4 Jörg Asmussen, a European Central Bank executive board member: "Greece needs to be aware that there is no alternative to the agreed reform program if it wants to remain a member of the eurozone"

#5 Tristan Cooper, sovereign debt analyst at Fidelity Worldwide Investment: "A Greek eurozone exit is on the cards although the probability and timing of such an event is uncertain."

#6 Art Cashin: "Here’s the outlook on Greece from Wall Street watering holes. If a coalition government is formed or looks to be formed, global markets may rally. Any coalition is unlikely to make progress on goals, since austerity is political suicide. There will likely be another election around June 10/17. A workable majority/plurality remains unlikely, so back to square one. Therefore, Greece will be unable to attain goals by the deadline (June 30). Lacking aid funds, pensions are suspended and government workers are laid off. Protestors take to the streets and government is forced to revert to drachma to avoid social chaos. Pass the peanuts, please."

#7 John Noonan, Senior Forex Analyst with Thomson Reuters in Sydney: "Sentiment is very bearish, The euro is under a lot of pressure right now. I get the feeling that it’s going to be a nasty move lower for the euro finally"

#8 Kenneth S. Rogoff, a professor of economics at Harvard: "A Greek exit would underscore that there’s no realistic long-term plan for Europe, and it would lead to a chaotic endgame for the rest of the euro zone."

#9 Chris Tinker of Libra Investment Services: "It’s a binary decision. If Greece gets itself to the point where the European administration says, ‘We can’t play this game anymore,’ that starts a domino effect"

#10 Nicolas Véron, a senior fellow at Bruegel: "France has very limited fiscal space and actually has to engage in fiscal consolidation"

#11 80-year-old Greek citizen Panagiota Makri: "I'm confused. I feel numb and confused. Only God can save us now"

All of this comes at a time when much of Europe is already descending into a new recession.  Economies all over Europe are contracting and unemployment rates are skyrocketing.  Until things start improving, there is going to continue to be a lot of civil unrest across Europe.

Meanwhile, things are not so great in the United States either.

JPMorgan Chase CEO Jamie Dimon claims that the U.S. economy is holding a "royal straight flush", but the only part of that he got right was the "flush" part.

There are 100 million working age Americans that do not have jobs, the middle class continues to shrink, the rising cost of food and the rising cost of gas are severely stretching the budgets of millions of American families and the federal government continues to run up gigantic amounts of debt.

When Europe descends into financial chaos, the United States is not going to escape it.  The financial crisis of 2008 deeply affected the entire globe, and so will the next great financial crisis.

Let us hope that we still have a little bit more time before the next great financial crisis strikes, but things in Europe are rapidly unraveling and at some point the dominoes are going to begin to fall.

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  • r.bitting

    The 80 yr. old guy in # 11 is ahead of the curve. By acknowledging that only God can help them now, at least now he has hope. Many Americans will be finding themselves at rock bottom in the very near future, let’s hope they come to the same conclusion that this man did, because if they don’t, things will be a lot, lot worse.

    • Griever

      You think belief in god will help people? You think false hope in a false god is going to help anyone? Get real man and start facing reality. There will be no god to save anyone when the shtf.

    • Mad Max

      Using your logic we shouldn’t be in this mess because 80 to 90% of the people on the planet are believers. It didn’t help people in the past and it won’t help now. Wake up people. Sitting on the couch waiting for miracles is for poor dumb suckers. It’s our job and responsible to fix our problems and no one elses, not even your gods. What happen to taking personal responsibility?

      FIGHT THE CAUSE – NOT THE SYMPTOM
      Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

      Stupidity is no longer an option.

    • paul

      Since Americans believe in God all are happy. And every 5 minutes they need to beg him for blessings. And don’t forget to sing the hymn in the remaining time.

  • Professor Gary

    We have no idea of the distrust which europeans have of each other on a “normal” basis. There are centuries of animosity, envy and conflict which the different countries and ethnic groups remember like it was yesterday. Americans live in the future. But many people in europe and other countries in the world live in the past emotionally.

    So the unity of the eurozone is like tying two cats together by the tail (sorry for the cruel metaphor). The cats are technically one unit but they are not happy about it. Only one will survive the forced association.

    What happens over there however is very important to Americans and Canadians. We have pledged through the NATO treaty to come to Europe’s defense if it is threatened. But what if the injury is actually self-inflicted?

    • Josh

      Good question and great comment.

    • View from Abroad

      “We have no idea of the distrust which europeans have of each other on a “normal” basis.”

      This might be true for some regions in Eastern Europe, but definitely no longer for middle and western Europe. Here there might be some animosities in certain spots or themes, but definitely neither widespread distrust nor hate.

      “So the unity of the eurozone is like tying two cats together by the tail (sorry for the cruel metaphor).”

      It IS a cruel metaphor…but, to match it: the unity of the People of the “United” States is like the unity of the “Human Centipede” (google it, if you have a good stomach) with the 0.01% first, the 1% in the middle, and the 99% on the rear.

      I prefer to be one of the cats – at long last, either we will succeed to disentangle from each other, or we will find a way to live with the situation.

      YOU should be worrying far more about your own present and future…

      http://www.guardian.co.uk/world/video/2012/may/09/kelly-thomas-orange-county-police-video

      (Sorry, double post – had to correct some errors!)

  • http://www.lulu.com/shop/buzzy-watts-phd/judiths-struggle/ebook/product-18659148.html Buzzy Watts

    Perhaps the most hilarious thing they’d have us believe about the globalist farce is that they’re creating a “global meritocracy” where the brightest and most able are unconstrained by national governmental barriers. What goes unmentioned is that your financial success (to say nothing of your children’s access to food and other basic necessities) in this “meritocracy” depends not only on things entirely beyond your control, but things going on in tiny countries on the other side of the world!

  • Rodster

    Gotta love socialism. You figure after doing the same tax and spend thing over and over and getting the same results they’d learn not to do it. Nope, that’s why liberals and socialist are as dumb as rocks.

    • DAS

      Gary 2 is going to be mad at you for that post!

      • Rodster

        You forget that Gary2 is always mad about something. This may actually cheer him up. :)

        • Gary2

          I am working on the mad thing. I think I am resentful that I played by the rules and still am failing.

          I still like the idea of my cat Chex for president. He can do any worse than the repubs or dems. As an added benefit Chex looks better.

    • GaryToo

      yes i agree we rock!

  • Matt

    Michael, keep up the reporting on Europe! The MSM has not been telling us the whole truth about the dire straits that the European Union is in. I know when the economy crashes in Europe we will not be far behind. I hope two things result from this worldwide depression: a)a wide spread awakening in humanity as to the people who were responisble for the crash; b)the people who caused this crash are brought to justice.

    • Michael

      A lot of times the articles about Europe don’t get as much of a response as many of my other articles, but hopefully people can realize that what is happening in Europe is absolutely crucial right now.

      Michael

    • Kev

      I think on a) that will be a resounding ‘doubt it’.Not from the cretins I see wandering aimlessly around,breeding like flies,smoking and demanding ‘respect’ from anything that has a pulse on this side of the pond and b) never.They own the system.This country has the universal embarrassment known as the olympics coming soon.The eyes of the world will be upon us and most people I know are cringing.This country is incapable of organising the proverbial drinking binge in a fermenting facility.90% of the general public here are asleep and wouldn’t know where to start looking for a wake up call.

      • Kev

        I’m referring to the UK here and not the US of A.Didn’t want you guys thinking I was being disrespectful to your country.

        • GaryToo

          yes kev, the handover olympic ceremonies from china to UK was an embarrassment for you. The Chinese show was amazing and the leona lewis/double decker bus show was an anticlimax. You do have a roud history, like greece. Oh yeah, tax the greedy and all athat.

    • Rodster

      The media will never be brought to justice because the government and the media are one and the same. “Beware of the government media complex”.

      http://www.crossroad.to/articles2/2012/coach/election.htm

      Ask yourself how can a guy like Al Sharpton work in the government and at the same time have a TV show on MSNBC? The game is rigged.

    • http://www.1913intel.com Matt

      “b)the people who caused this crash are brought to justice.”

      That is not happening. There may be a token person here or there, but the vast majority of people who made the bad decisions will get off. Also, who really knows all the people who caused this.

      So stupid people who make bad decisions get to stay in place and continue to make bad decisions in the future.

      • paul

        Usually the dumb get a promotion to get them out of the way and getting the worker bees harder working.

  • Paranoid

    My stomach hurts.

    • Ameen

      Ditto….

    • r.bitting

      No it doesn’t, you’re just being paranoid!

    • Mal R.

      Just because you’re paranoid doesn’t mean they aren’t out to get you.

    • mondobeyondo

      You need some Pepto Bismol? I’ve got 3 or 4 bottles available…

  • GaryToo

    ‘JPMorgan Chase CEO Jamie Dimon claims that the U.S. economy is holding a “royal straight flush”, but the only part of that he got right was the “flush” part.’

    I burst out laughing as soon as i read the first part of that and again at the second part.

    the whole drama is like a train wreck in slow motion, or a slowly dying beast, you want to be passed a rifle to put it out of misery, but get passed popcorn to keep watching the horror movie.

  • Rain23

    I would love a 36 hour work week, a month of vacation, subsidized health care and controlled grocery and rent prices. Reality check tells me not gonna happen, so get off my butt, work whenever it’s offered, cut back my expenses and try to put a little by in case things get even worse.

    The EU had their reality check and instead of facing it said “Well, maybe that’s how it is, but we don’t like it so we’ll carry on as usual and someone else will work harder to keep us afloat.” Sooner or later Germany is going to say “No thank you. Goodbye.”

    It’s like watching a messy divorce where one partner refuses to believe it’s over and the other just wants to get this over with. I’m afraid it’s going to turn out about the same, too. Those scorned in love, or economics, can turn feral when their fantasy ends.

    • BVone Idle

      The Germans have already setup a firewall to protect themselves against a collapse of the southern Euro countries. This firewall will shortly be able to protect Germany in the event of them quitting the common Euro currency.
      The endgame is getting close.

    • paul

      germans work 36 hours a week and have 30 days paid vacation each year plus health insurance, pension plan, maternity and paternity leave, welfare and shrinking unemployment. high energy tax means people strive for savings everywhere, promoting new businesses.

    • GaryToo

      bad analogy, one believing a vow is sacred keeping your word and the other a convenience then inconvenience is along way from machiavellian politics or should be.

  • http://worldendsat5newsat11.blogspot.com Roberta Lamb

    Of all the comments from all the important economists and world leaders the one that struck me the most was the 80 year old Greek man who said, “ONLY GOD CAN SAVE US” I think that says it all and I am affraid one day we will be saying it here in America. We will be a day late and 15 Trillion dollars short and nothing we can do about it… Then what?
    See how to survive the coming Economic Apocalypse at:
    http://surviving12-21-2012.blogspot.com

  • http://worldendsat5newsat11.blogspot.com Roberta Lamb

    I am voting for Ron Paul I don’t care if his name is NOT on any ballot I will write in his name… I think he is the only politician who actually thinks about the people and cares about US and the state our country is in. He seems to be the only one who does not have his head up-his-butt. And is NOT bought off by lobbyist, big business or foreign governments.
    Yes I am scared, I am scared for me, my family, my neighbors and my country.

  • McKinley Morganfield

    Murphy rules, what can go wrong will go wrong. The Euro was doomed to fail as was the European Union. Europe is a tribal hot house of envy, greed, and bloodlust. Its potential for ‘cleansing’ is on par with Rwanda. Banks and then sovereigns will fall. It will be a pebble tossed into still water and ripple around the globe. History will repeat itself with a vengeance. 1930s on steroids cometh.

  • Steve

    Great news: You can still recive un-employment benifits past 26 weeks!
    New federal regulations require you. Just show up in person, with your complete documented job search history. Just to see if you qualify. Also Indiana just lost (past 76 weeks). Since our un-employmnet rate went down.

  • mark

    Coming to a shore near you, total melt down. Europeans and Americans will not stand for any cuts that effect them. Everyone says to cut someone else, not me. Europe, America and Japan are spending their fiat money till it will be worthless. Those that rule with fiat money never learn not to abuse their power. They just want to live off of others labor. You better get ready as the future is going to be a bit bumpy.

  • laurus

    What is happening in Europe will be on our doorstep sooner rather than later. Americans will react the same way to austerity measures as they are in Greece complete w/rioting. We have grown soft and have not suffered any real economic hardship for many years. Our own children will probably kill us if we can’t afford their I-pod, I-phones, laptops and internet. I shudder to think…

    • GaryToo

      ‘Americans will react the same way to austerity measures as they are in Greece complete w/rioting.’

      An american weighs about 200kg, so would easily charge through a riot police line. like a bowling ball. through 9 pins. btw feed the needy, upsized thanks.

  • http://globalschoolchoice.com Scott Christie

    Things are looking pretty grim in Europe. I just don’t understand how more debt in the public sector will fix things; and the crazy train just keeps chugging down the track – sheesh.

  • Gary2

    New French President Francois Hollande seems determined to take France on a path away from austerity.

    God Bless this man. He is clearly smarter than the old French right sarkozy.

    • Rodster

      You obviously left out that France went down this road before with weak economies. You left out that’s why the EU is about to implode because of tax and spend policies.

      I can’t wait for part three of France going down the drain. No use trying to convince liberal socialist not to embrace tax and spend since they are much dumber than conservatives. :)

      • Highspeedloafer

        Gary2 proves the point for you.

      • Gary2

        I guess we will be able to see how things turn out. In time we will see who is right and who is wrong.

        I think its great that France is going to tax the rich hard 75% and spread the wealth.

    • JAH666

      By mainstream media accounts, the presidential election in France and parliamentary elections in Greece on May 6 were overwhelming verdicts against “austerity” measures being implemented in Europe. There is only one problem. It is a lie. First off, austerity was never really tried. Not really. In France for example, according to Eurostat, annual expenditures have actually increased from €1.095 trillion to €1.118 trillion in 2011. In fact spending has increased every single year for the past decade. The debt there increased too from €1.932 trillion €1.987 trillion last year, just as it did every year before. Real “austere”. The French spent more, and they borrowed more. The deficit in France did decrease by about €34 billion in 2011, but that was largely because of a €56.6 billion surge in tax revenues. Again, there were no spending cuts. Zero. Yet incoming socialist president François Hollande claimed after his victory over Nicolas Sarkozy that he would bring an end to this mythical austerity: “We will bring back Europe on a track for jobs, growth and the future… We’re no longer doomed to austerity.” This is just a willful, purposeful distortion. What the heck is he talking about? Certainly not France.

      • GaryToo

        thats right they slashed the public service as required by waiting for public servants to retire.

    • McKinley Morganfield

      Austerity is ultimately what will happen. Its just a question of whether or not it is done in a controlled, gradual manner or it happens literally overnight as a result of complete economic/monetary collapse. Here is a source even Gary2 must acknowledge:

      http://www.npr.org/templates/story/story.php?storyId=93226285

  • sistrunkqueen

    I got an job! I will be returning to China, but this time for two years. Do you think the crisis will be over when I return in 2014?

    I hope so. I may have to stay in China. The last year I was there so many Europeans were too. I would go to parties in Shanghai and see tons of Europeans (Germans, French , Brits, and Scandinavians too) Look like everyone is heading to China.

    • Michael

      Congrats on getting a job! :)

      Michael

    • paul

      i’ve been there for more than 10 years. No parties. Saved all my money and bought a house with cash where you can swim in rivers and the food is not poisoned.

    • mondobeyondo

      Good for you!! :)

  • Alasha

    Ppl are committing SUICIDE and abandoning their children – sigh. Really, if it just happened once it is a problem – how much more so when it occurs in epidemic proportions – what will take to acknowledge the
    CRISIS!!!

    • mondobeyondo

      It’s because people are reaching their breaking points. Hope and pray these people in such desperate situations, have the courage and strength to make it just one more day longer. It may make all the difference.

  • BeenThere

    All attempts, through history, to build a united Europe have failed. Previous attempts were by military men such as Charlemagne, Napoleon, Der Kaiser and Adolf Hitler. They all failed. Now they are trying unification by the “banksters” but that too is failing. The book of Daniel states they shall never do it “And whereas thou sawest iron mixed with miry clay, they shall mingle themselves with the seed of men: but they shall not cleave one to another, even as iron is not mixed with clay.” (Dan 2:43)

    • paul

      steel reinforced concrete works well in Hong Kong protecting them from typhoon

    • GaryToo

      NATO is in fact the worlds policeman. peasants prejudices dont matter any more than account holders do to bankers. Your reference to revelation breaks down because if you accept that the iron and clay is europe, then u must accept that they act as a unified force militarily. Case in point, the greek bailout deal specified a lot of money spent on weapons to stay in euro.

      Wheres MY rolls royce???

  • http://www.worldmaker.us Mark Wandrey

    The question is who blinks first? Does Greece bail from the Euro to try and save itself (lacking any other option and being incapable of putting their own house in order, if they go back to spending the Germans will cut them off), or does Germany give the finger to the entire EU and admit they have warehouses full of new German Marks and it is instantly valued as one of the best currencies on the planet. Of course the Euro will be on par with the Yen over night, but that’s tough ******* for them!

  • tappedops

    “All in good time my pretty”…

    • mondobeyondo

      Just don’t let that wicked witch take your little dog Toto too… hehehe

  • Gary3

    Greece cannot avoid austerity. Even if they leave the Euro, who wants Drachmas?

    Wait till the SNAP cards buy a fraction of what is needed (I hear they can be used for lottery tickets in Cali). They will never be cut off, they just won’t buy much. Many of the recepients already have nothing but contempt for the people who buy their groceries.

    • GaryToo

      and wait till your snap card is an implant chip.

  • NickelthroweR

    Greetings,

    Regardless of who goes first, Europe will go into the next phase of this depression in a better position than the United States. They have superior public transit and walkable cities. They do not have the giant corporate mega-farm and have tried to resist factory animal farming and GMO seeds.

    We mock them for their regulations but their lands are in better shape than ours which may come in handy when we have to go back to farming without oil. They also haven’t polluted their ground water like we have here.

    Lets sum it up:
    Communities designed for pedestrians.
    Excellent public transit.
    Family farms.
    Better land management.
    Fewer issues with obtaining clean water.

    • GaryToo

      factor in interrupted gulf stream, increasingly cold winters already happening, another ice age without heating may hurt more than an out of gas F250.

  • Richard

    Another excellent article, Michael. What a difference!

  • Mortar Magnet

    My parents are extremely intelligent,and after 86 years on the planet,are extremely clueless and still believe everything they see on t.v.I’am nearly insane trying to get a rational alternative view across to them.I’ts hard to fell too sorry for them though.They have decided for themselves to let the presstitutes do their thinking for them.When I visit them and the tube is on,it will take about 5 minutes before I start cringing for all the obvious lies being spewed from (their) news.They just sit there hour after hour eating this stuff up as if it was the Gospel.No critical analysis at all.Not fun at all to realize that the ones who guided you through life have turned into zombies from the night of the living dead.Thanks Michael for being the good part of my awakening.Can’t even get them to take a little peek at your wonderful site.Their loss.

    • Michael

      Mortar Magnet:

      Thanks for the kind words. I also have some relatives that are hard-headed. We will all just have to keep planting those “seeds” and hope they bear fruit someday.

      Michael

    • justamom

      It may not be possible due to distance or economic hardship, but if your parents are 86, please, please help them! They don’t even have to know you are helping them! They may not listen to a word you say, but you can still put supplies away for them and stock some food and water, and perhaps even help set money aside for them. They would say you are being foolish, but you might save their lives, and they will be thankful one day.

  • http://www.1913intel.com Matt

    Isn’t modern economics really sad? It has led the world in the wrong direction and continues to do so. The problem in Europe is years of bad decisions. These bad decisions and the people that made them need to be cleared away. There is only one way to make this happen – default.

    No default equals no solution.

    If countries default, will the people die? Of course not. They will be forced to live within their means just like they should have all along. They won’t be able to borrow which is a good thing. The people that loaned money will lose because they made bad decisions. Companies will go out of business and new ones will arise in their place. Everybody will be wiser in the end.

    If Greece defaults then this may cause a cascading default amongst EU countries. So what? A lot of people made a lot of bad decisions. They should pay for that. Should we keep around stupid people that like to make bad decisions?

  • chiller

    The global financial system is a ponzi system built on taking in a lot of money (bonds)and paying out very little (interest) and is solely dependent on new investments or it all collapses. The end result of this scheme is ultimately and always collapse. The stock market is no different and works the same way. Instant gratification now for a few pennies later. All of these paper games are the invention of bankers who are in a win-win scenario at the end of the day and everyone else loses.

  • Tim Z.

    All men and women do know what real work is, but do they do it or even desire to do it? Could it be that they just choose not to do it for whatever reason that “fits their fancy” and tickles their darker desires. After all, It would require lots of hard work and whole lot of self sacrifice to get things back to what is true and right. Working for money to “buy” ones keep doesn’t ever pan out in the greater scheme of true life because money isn’t a primary. Could it be that it is only after one meets the following quoted biblical basics that any can truly prosper and grow? Could this also be why marriage between a man and a woman whom should be as one flesh could flourish if it were not for placing others, money, and other material things in between their primary needs, as this “marriage” is also a primary. It truly does bring to my mind 1 Timothy 6:10: “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

    Yes, it seems like men are “hell bound” in continuing to do it their own way instead of Gods, then continuing to complain to God or men that things don’t work right. Mans laws can’t begin to compete with God and His laws, but man will destroy many lives with his many continuing arrogant and failing ways.

    I quote:

    Genesis:1:20: And God said, Let the waters bring forth abundantly the moving creature that hath life, and fowl that may fly above the earth in the open firmament of heaven.

    Genesis:1:21: And God created great whales, and every living creature that moveth, which the waters brought forth abundantly, after their kind, and every winged fowl after his kind: and God saw that it was good.

    Genesis:1:22: And God blessed them, saying, Be fruitful, and multiply, and fill the waters in the seas, and let fowl multiply in the earth.

    Genesis:1:23: And the evening and the morning were the fifth day.

    Genesis:1:24: And God said, Let the earth bring forth the living creature after his kind, cattle, and creeping thing, and beast of the earth after his kind: and it was so.

    Genesis:1:25: And God made the beast of the earth after his kind, and cattle after their kind, and every thing that creepeth upon the earth after his kind: and God saw that it was good.

    Genesis:1:26: And God said, Let us make man in our image, after our likeness: and let them have dominion over the fish of the sea, and over the fowl of the air, and over the cattle, and over all the earth, and over every creeping thing that creepeth upon the earth.

    Genesis:1:27: So God created man in his own image, in the image of God created he him; male and female created he them.

    Genesis:1:28: And God blessed them, and God said unto them, Be fruitful, and multiply, and replenish the earth, and subdue it: and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth.

    Genesis:1:29: And God said, Behold, I have given you every herb bearing seed, which is upon the face of all the earth, and every tree, in the which is the fruit of a tree yielding seed; to you it shall be for meat.

    Genesis:1:30: And to every beast of the earth, and to every fowl of the air, and to every thing that creepeth upon the earth, wherein there is life, I have given every green herb for meat: and it was so.

    Genesis:1:31: And God saw every thing that he had made, and, behold, it was very good. And the evening and the morning were the sixth day.

    May God bless all that seek and do His will.

    • GaryToo

      the most pertinent verse to your original point, “the laws of men are foolishness unto the lord”, I dont know the chapter or verse, Its a comforting one to know you are sane in an insane world.

      • laurus

        1 Cor. 3:19 – For the wisdom of this world is foolishness in God’s sight.

  • Oberon

    The only reason you would have to worry is if you earn your living off the backs of your fellow men by manipulating money. An analagy could be drawn with Jesus throwing the money changers out of the temple.

    I am astonished that people who claim to be Christian are so unwilling to hold out a helping hand to people who need it. I have always regarded socialism as Christianity without god. Love your neighbour as yourself.

    Socialism: to each as they need, from each as they can afford.

    Capitalism: let the devil take the hindmost.

    I don’t quite understand the American paranoia about socialism. When you look at most of the so called socialst governments they weren’t socialist they were totalitarian dictatorships. I can only think of one, the Labour government in the UK from 1945 to 1951 which rebuilt the country after the war and established decent health services, education, housing and a safety net through which it was hard to fall. This government was snuffed out by the establishment/banks putting the squeeze on, the way all Labour governments have been destroyed. We have not had a Labour government since 1979 because Blair was Thatcher mk2.

    • Gary2

      good points–thanks for your post. I see many “Christians in Name Only” aka hypocrites. They talk the talk but do not walk the walk.

      Just because someone goes and sits in a church on Sunday does not make them anymore a christian than me sitting in my garage makes me a car.

      • GaryToo

        well obviosly the car only pumps out pollution at one end,

        Christians and churches giving up their hard earned to charity to help the poor is unchristian, they robably cut off the aid if they see it going on drugs and booze or no effort to pick yourself up, the right way is it is unconditional unending out of the sober workers pocket via big bro.

    • http://urbansurvivalguidesecrets.com Urban Survival Guide

      Jesus admonition to ‘Love your neighbor as yourself’ was preceded by his command to Love God first and foremost.

      Matthew 22:35-39 says “Then one of them, which was a lawyer, asked him a question, tempting him, and saying, Master, which is the great commandment in the law? Jesus said unto him, Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind. This is the first and great commandment. And the second is like unto it, Thou shalt love thy neighbor as thyself.”

      There is no Christianity WITHOUT God. And equating Christianity with socialism is just goofy. New age religions that believe that God is in everything would be a better fit for socialism.

  • http://TheEconomicCollapse Darin Haddox

    Darwood

  • http://TheEconomicCollapse Darwood

    There have been different attemts to bring back the glory of the Roman empire. The European Union is another attempt bedinning with The Club if Rome. This is all leading to the rise of the anti-christ and the end of days.

    • http://thetruthfulone.com/ The Truthful One

      The Roman Catholic Church grow out of the collapsing Roman empire. The RCC grew in strength and power, and during it’s supremacy of 1,260 years, it killed upwards of 100 million heretics, mostly Christians, who would not worship the Pope and follow their rules.

      The Protestant Reformers John Calvin, Martin Luther, John Wesley and many other revered scholars, said the Roman Catholic Church is the little horn of Daniel 7, which is synonymous with the first beast of Revelation 13 that enforces the mark of the beast.

      The RCC suffered a deadly head wound when the Pope was taken prisoner after the French Revolution, and he died shortly afterwards.

      But the RCC is regaining power and influence, and it will rise again as the beast of Revelation.

      Saint Malachy’s ‘Prophecy of the Popes’ indicates that the next Pope will be the most evil one, who will seek to force the world to worship him and take his mark, and he make war with the saints.

    • GaryToo

      I think you will findthe club of rome is wholly international/global in reach and rome is just the place they used to meet up once.

  • Rodster
  • K

    Michael, people in general do not understand Europe is crucial. Why, because it was not crucial in the past. That is where so many people live, in the past. Look how many people still want to throw more money, at rich folks. Why, because they are the job producers. That used to be true, it no longer works. Look at the industries that are thriving in this Country. 1. Underground shelters, they can not keep up with demand. 2. Producers of long term storage foods, can not keep up with demand. 3.Gun makers, can not keep up with demand. One company has stopped taking new orders. Until they can clear their backlog. 4.Ammo producers. New factories and added shifts. Just keeping up with demand. Nice that there are some bright spots in the economy. Just taken together, it paints a dark picture. It seems many people are preparing, for their own version of the Alamo.

  • karen

    “We are Preparing for Massive Civil War,” Says DHS Informant

    Read more: http://www.beaconequity.com/we-are-preparing-for-massive-civil-war-says-dhs-informant-2012-05-03/#ixzz1uNItMni9

  • markthetruth

    The only quotes i would trust is from someone like the 80 years old man.

    Don’t trust

    Bankers (Lie all the time, pay out fines and settlements but get it back by ripping off it’s customers ….

    All “Anal”yst Politics, financial,foreign affairs, sports ext. (Their all useless i can’t stand watching them they just fight like a bunch of laughing fools. In the end they have no more of a cue then you. Only one side can win. 50/50 odds.

    News (Its all manipulated by its Companies affiliation , we are buffered from the real truth. Its called “Pick and Choose News”)

    What to Believe…..

    11 quotes

    1. I believe that a simple and unassuming manner of life is best for everyone, best both for the body and the mind.(Albert Einstein)

    2. In the sky, there is no distinction of east and west; people create distinctions out of their own minds and then believe them to be true.(Buddha)

    3. Any people anywhere, being inclined and having the power, have the right to rise up, and shake off the existing government, and form a new one that suits them better. This is a most valuable – a most sacred right – a right, which we hope and believe, is to liberate the world.(Abraham Lincoln)

    4. To believe in something, and not to live it, is dishonest.(Mahatma Gandhi)

    5. The world is divided into two classes, those who believe the incredible, and those who do the improbable(Oscar Wilde)

    6. I believe in everything until it’s disproved. So I believe in fairies, the myths, dragons. It all exists, even if it’s in your mind. Who’s to say that dreams and nightmares aren’t as real as the here and now?(John Lennon)

    7. It is always better to have no ideas than false ones; to believe nothing, than to believe what is wrong.(Thomas Jefferson)

    8. Whether you believe you can do a thing or not, you are right.(Henry Ford)

    9. Who are you going to believe, me or your own eyes?(Groucho Marx)

    10. I believe there is something out there watching us. Unfortunately, it’s the government.(Woody Allen)

    11. Apparently there is nothing that cannot happen today.(Mark Twain)

  • Syrin
    • laurus

      ha-ha…my thoughts exactly when I heard the results of the election.

  • Kathy Smith

    Micheal I thank you also for reporting on Europe’s awful crisis. The MSM here was to busy reporting on the probability of banning bake sales. (Can you believe it) This country is just about gone. God help us all.

    • paul

      You have internet. Why not reading European publications. Y yourself? And do t forget the Chinese, Arabian and Asian.

  • Jesse Marioneaux

    Hey don’t worry US is right behind them it is getting worse just look at the stock market 300 points in the last 3 days.

  • Onlooker

    I think the Greeks should leave the euro and return to the Drackma. That way they can give the banksters a dose of their own medicine and pay them back with money created out of thin air. The multiple bailouts are a delaying tatic and not a solution. As for surviving without the ECB and the Brussels burocrats, the people of Iceland have shown the way.

  • JAH666

    Well, Michael, the elections in Europe and the ensuing changes in market sentiment that has been revealed in these quotes look like one of the “triggers” has been pulled. This is one that you and the commenters here were discussing a week or so ago. The US markets are now down seven (is it seven?) days in a row now. If the fear takes hold and keeps up at this pace, combined with some other “trigger” event, the rest of the year could become quite a frightening roller-coaster for most of the world. Those of us that have rejected being sheeple and have read the writing on the wall and made our preparations will not be caught blind-sided. Thanks for all you have written and the excellent research you have done on our behalf.

    If you have an idea what may be the next “trigger” event to watch for, please let us know.
    JAH666

  • William

    Americans “hang on” to the notion of American “exceptionalsim”. That idea may have held validity up until 911. After the false flag attacks of 911 by very high levels of the US government and Israel, the idea of American exceptionalism is DEAD. We will NOT escape the fate of Europe. So, you sit there and accept the TSA Cheka, and think everything is OK……..

  • El Pollo de Oro

    “There’s a depression in Spain, a depression in Greece, a depression in Italy, a depression in Ireland, a depression in Romania, a depression in Hungary. There’s a depression in the world. American’s in a depression. There are no jobs being created that can give you a minimum wage. What comes next? Currency wars.”—Gerald Celente

    “They’re not in a recession in Spain. They’re in a depression. You have over 50% unemployment along the youth.” —Gerald Celente

    • El Pollo de Oro

      “Yes, it’s neo-feudalism, but there’s one difference this time: the peasants and the serfs are educated this time, and they know what’s going on. I tell you, a big business in the years to come—a good entrepreneurial opportunity—is going to be guillotines because people have had it. They’re not stupid. They see what’s going on, and the game is rigged.”—Gerald Celente

      “What are these so-called austerity measures? What do they really bring? Oh, they bring a lot more poverty. Oh, they bring a worse GDP. Oh, they bring more unemployment.” —Gerald Celente

      In some of my previous rants, I’ve mentioned that the nightmare in Greece hits home with me because I visited Athens several weeks before the shooting of Alexandros Grigoropoulos and the first Greek riots of 2008. It was very unsettling to see all hell breaking loose around Syntagma Square and other places I had visited. Well, there has been a lot more unrest in Greece since 2008, and there is more to come. When, as Gerald Celente says, people lose everything and have nothing left to lose, they lose it—and things can get really ugly when developed economies like Spain and Greece UN-develop and millions of Europeans who used to be middle class become the neo-poor. Europeans don’t want to join the Third World and have India’s standard of living; therefore, all hell is breaking loose in Europe just as it will be breaking loose in The Banana Republic of America (the Third World horror movie that used to be the USA).

      Those who forget history are condemned to repeat it, and the mood of millions of people is not unlike that of the French Revolution: “Bon jour. Je voudrais presenter notre bon ami: Monsieur Guillotine. Or as my English-speaking friends call him, Choppy.”

  • Prut

    Government spending aside, why should the people suffer just so wealthy banksters can be made whole? All the French and Greek people want is for “austerity” to be shared, and not just shoved down the throats of the poor.

  • Katy

    I, too, enjoy the articles about Europe. While the news is somewhat repetitive (Greece doesn’t pay, Troika gives more money to Greece), I think what is happening in Europe is key to what will eventually be happening in the U.S. so we can look to the everyday Greeks to see how we can handle what is coming. For years, politicians and economists have touted the benefits of the “global economy.” Well, there is a downside to this interconnectivity, too, and we are seeing that disadvantage unfold. What I’d like to see is a speculation of how bank holidays in Europe (which I believe IS coming and is already happening on a limited basis in Spain with the cash payment limits) will eventually cause the same in the U.S. because of this interconnectivity. Also, I’d like to suggest more articles on the lives of everyday Greeks and how they are coping with this new reality.

  • Work.Buy.Consume.Die

    “deprive the people of all property and their children will wake up homeless”…..Thomas Jefferson {in regards to fedgov takeover and the silence of the people]

  • Sid Davis

    Austerity measures are just another way of saying the government promised much more than it could deliver and is now defaulting on those promises as other nations and the banking cartel are unwilling to keep funding them.

    If you look at the numbers at the national debt clock site, http://www.usdebtclock.org/ you can see that each person in the US would need to pony up $50,000 to pay off the bonded debts of the federal government and an additional $377,000 to make Social Security and Medicare solvent. It is blatantly obvious that the average person could not come close to putting up his share, and taking all the income of the rich would not solve the problem. The federal government has promised far more than it can possibly deliver, and the only possible outcome is default, i.e, austerity measures will soon arrive in the USA too.

    Economic recovery of any significance or duration is unlikely since the contraction forces of debt repayment that drains money from the economy, and the dampening effect of higher prices on demand are as powerful as the expansion force of new money being loaned into circulation. This should be apparent from the failure of the 2008 doubling of the monetary base without any significant stimulation of the economy. Where are the credit worthy borrowers that banks must find to turn the monetary base into new money in circulation? And look at the velocity of money circulation as fear holds spending down; velocity continues to drop like a stone.

    The details of our default are yet to be seen, but the effect will be the rug pulled out from under those who are depending on government checks; if you are counting on government checks to survive you are in a heap of trouble, and if the check does arrive this will only be possible if the purchasing value of that check is destroyed in a fraudulent effort to pay off government obligations with worthless paper.

    The size of the problem is so large that I doubt that the federal government will survive. More likely they will just walk away like the USSR did in the 1990′s, leaving everyone holding empty bags, or worse will violently attempt to suppress the inevitable revolt that will follow the devastation they have wrought.

  • jox

    It seems that Americans and Britons like the picture of Europe having problems, and I don’t understand why. Anyway, you are wrong again and again. Europe has started to deflate the debt balloon. It’s a process complicated and full of pain, of course, but it’s our only way out of this nightmare. And more or less, little by little, it is working.

    Compare it with US, maintaining an artificial life, injecting tonnes of money that go straight to the 1% pockets. Believe me, the hell is going to start in US, not in Europe. By the way, Germany has just made an exports record, thanks to a weak Euro. You see? The bailout money is nothing compared with what they are profiting, they will never leave the Eurozone.

    • paul

      When the euro was introduced I could get hkd 6.5 for 1 Eu. Now it is over 10. Export is soaring. Germany is missing workers and relaxed immigration policy.

  • T in TX

    Michael, your hard work and diligence is greatly appreciated.

    • Michael

      Thank you. It is always good to hear a word of encouragement.

      Michael

  • http://www,Back2theLand.com Old Timer

    This is the year of Great Expectations; mostly doom and gloom except in the financial corner who will make profit on the downturn. If Greece succeeds from the Union it will survive just as dozens of other non-union countries are making it.

    The major investmnent banks of the world want a union as it is easier to control the money (power). Take a look at Germany who has risen to dominance three times in recent history – why?

    Currently in the USA major business has an uplift since it is selling it’s inventory and not buying new stock- quite a profit in that angle. However that imnplies new stock will require new capital and a time lag to get it to the overburdened VISA people on the street.

    Stock Up! The Expectation is a period of non availability of goods.

    God Bless,

    OT http://www.Back2theLand.com

  • Pingback: Announcing the L. A. Marzulli Lecture Series! « L.A. Marzulli's Blog

  • Rikki

    Michael:

    I think there is a solution to the problem that people will scratch their heads and agree to:

    I really believe most of the problems have to do with out of control pension costs which directly relate to how successful the Anti Smoking campaigns were. I read in the 70′s 60% of GM workers smoke today its 11%. so the old way of 30 yrs work 20 year pension can never work again even 40 years and now 40 years of payouts is pretty unworkable. Sure people spike their pensions but I think that is minor to compared to the smoking issue.

    By tying the pension reform to praising people who quit or never stated to smoke, we have a non partisan non offensive way to change the system. No full payouts unless totally disabled and at least 65 preferably 70…so no more military, cops etc retiring in their 40′s or 50′s we live too long for that anymore.

    And worse with cigs over $10 a pack in NYC, who is going to start smoking as kids? So maybe Mayor Bloomberg may just have a way to really do some serious reform since he is so anti smoking.

  • GW in TN

    Confusion and more than a little indecision are my companions regarding the economy of late. Problems in the Eurozone and here in the states are lacking real solutions. The recent elections in France and Greece and their apparent rejection of austerity measures are taking a toll on stock markets. I suspect that the US markets will be “propped” up until the November elections are behind us.

    I do not understand is why there is an absence of an inverse relationship between the markets and silver and gold. Stock markets are down as well as the prices of precious metals. Silver is trading below $29 an ounce for the first time in months and gold has dipped below $1600.

    Some say the Euro is doomed so where do you put your money to provide a hedge? Stocks are not doing well so where do you put your money to provide a hedge? Silver and gold seem to be the place but they are sliding of late.

    I wish someone could tell me why the stock market, the economy and metals are traveling in the same direction together – DOWN…

    • runvamprun

      Great point GW! I do not understand why metals are going down especially with the bewilderment of the Euro and the declining stock prices over the past few days. My only guess would be that with all the false info, the wag the dog scenarios and stock price manipulation even the metals market got confused!!! We have a few silver coins, a paid off house, a room full of food , and lots of bullets stored for “that rainy day” and might add more coins if silver continues to dip.

    • http://usconcealedcarrytraining.com Concealed Carry Training

      GW, the elite are in the last stages of preparing for the E.U. and U.S. economies to crash, so they’re suppressing the prices of gold and especially silver, so that they can stock up on precious metals.

      Silver has typically had around a 15/1 ratio to gold. If that were true today, silver would be at $106/oz.

      Paper assets will soon be practically worthless, so protect your money now while you can.

      • Paul

        You can’t eat silver or gold.

        You need to transform your money into something useful.

        Housing, food, clothing, water, skills, and knowledge.

        Especially skills and knowledge are difficult to take away from you.

        Knowledge also means to know which wild plants are edible and in which park and forest they grow. We are using only 5% of edible plants commercially.

        If you have land, get local plants growing there that don’t need fertilizer. You also save money and labour.
        And don’t overwater your trees. They have roots and those roots need to find water deep in the soil. The deeper the roots go, the more stability the tree gains.

        And remember, tornados start over flat grassland, not over forests.

    • McKinley Morganfield

      “I do not understand is why there is an absence of an inverse relationship between the markets and silver and gold.”

      Look no further than manipulation by JP Morgan, Goldman Sachs, COMEX, and other entities with a vested interest in propping up paper, stocks, and sovereign bonds.

    • GaryToo

      thats right runvampmpman, market manipualtion, very big difference between physical possession of metals and futures trading. Look at the smart money in metals china and russia stockpiling the physical metal. essentially an ammo arms buildup for currency war. India trading gold for inranian oil. The ironic thing is in the future the futures traders will be told sorry you cant take possession because there is no stock available and we dont know when any will be available.
      According to the bible rust and moth eat up stored up gold so dont bother, a tin of beans could cost 99c and be worth its weight in gold, thers a real futures traders market.

      • Optimistic Pessimist

        Hopefully, I can shed some light on the metal market for you.
        There is some truth in the mantra that Gold and the US dollar (USD) have an inverse relationship, this is backed up when the FED prints money, more dollars means each dollar is worth less and so Gold ‘rises’ in terms of dollars to maintain its value. This mantra would be true all the time if the FED was the only contributor in the market. However, it is not, there are people buying and selling the metal in both physical and paper form. This creates trends in the market which can be seen on a daily, weekly or monthly chart. These trends in the short term drive the underlying price which is why Gold and USD can both move down at the same time. The interesting thing here is that they will not be moving down at the same rate – one will move far faster than the other which shows one is still devaluing against the other despite them both headed in the same general direction. This is easy to miss if you just look at the headline news and not the price trend.
        Similarly, the mantra that Gold and Silver rise and fall in price is roughly true but they move at different paces to each other. This is because the two markets are vastly different – Gold is largely used as an investment or holder of value and jewellery by governments and people whereas Silver is largely consumed in industry and electronics and up until recently has not been seen as a store of value.
        I recently noted that scrap microprocessors with a high gold content have started selling on Ebay for extraction of the gold – not sure how recent this is. If the Silver price makes significant new highs in the next few years then a lot more scrap electronics containing Silver will be attractive to recycle as well rather than ending up on the waste tips.

        Many times I have read an investor say: 1) why has this share/metal/currency gone UP? What news is driving this movement? or 2) Why has this share/metal/currency gone DOWN? What news is driving this movement? this is a dog, why is it going down today when everything else is going up, the FTSE/NYSE is UP, why is my investment DOWN?
        Unfortunately I have learnt the hard way the following:
        A smart investor follows PRICE TRENDS, an average one follows NEWS STORIES!
        I would strongly recommend to anyone to have a look at the price trends on a weekly or preferably a monthly chart as this will give you a better feel and understanding of the price movement in the underlying metal/share or currency.

        Hope this helps – as always after reading something new like this I hope you do more research to both backup and dispel my views. This is good as it will improve critical thinking. I am always interested in others points of view as it allows me to come across something I didn’t know and it improves my thinking too.

        Kind regards to all
        OP

      • laurus

        yup…beans are great. I have them all lined up in pretty little rows on the shelf waiting for the thieves to come and take them all when the @$!# hits the fan…grrrrr.

  • Washington
  • Carl

    A financial collapse is inevitable. The real question is how long will it take to sort out the resultant mess and begin reclaiming some form of stability and growth so that the decline in living standards is halted and slowly begins to improve?

    Will it take 5 years? 10? 20? Never?

    Will the vicious cycle eventually suck in all countries and doom humanity to a lost century or more of poverty?

    • Another Richard

      The answer is Never! By the End Of 2012, the World will have entered into a Paradigm change. Things will Not return to Anything like we have known before. The following 20 years or so will be Witness to cataclysmic world-wide Events. These events are Biblical in proportion, Because they Are foretold by the Bible as only the True and Living God, JESUS, could know. The Biblical statement “Prepare to meet thy God.” is the Most essential preparation of all. We will All die- and upon death we enter Judgement by God Himself. Trust in Jesus to Save you from Your Sin Today and Your Judgement will have been taken care of 2000 years ago on the Cross outside of Jerusalem. Reject Jesus as Your payment for your Sin and You will be cast into outer darkness where there is weeping and wailing and knashing of teeth in torment forever. You Must decide.

  • patriot alice

    Greece is better off leaving the Euro and having it’s own monetary system…It’ll be tough at first, but it has more flexibility, like the USA to devalue, borrow and spend, still on the wrong path, but able to kick the can down the road a lot longer….Maybe Germany should leave, and let the rest drown in their own misery….Let the beggars starve, because they don’t want to change their ways…

    • jox

      ‘let the beggars starve’??? Alice, how can you use such hard words, if you have NO IDEA about what is actually happening in Europe. For instance, do you know that German, American or British debt are much higher that other ‘beggar’ countries?

  • goldnguns

    Ouzo for all my friends – eat, drink and be merry, for tomorrow the bankstas come and take it all away. And to what will the populace turn when they have nothing left to lose?

    War is like love, it always finds a way.

    BERTOLT BRECHT, Mother Courage and Her Children

  • Dalarna

    David Wilkersson told us that the great economic disaster will begin with Germany. The economic chaos will then hit Japan (Nihon). Japan will fall as well, the shockwave will then hit the USA, america will also fall, and from USA the rest of the World will be plunged into an Economic disaster as well! What I wrote here is coming from David Wilkerssons book (The Vision) from the seventies. David Wilkerson was killed in a car crash in Texas on April 27, 2011. I guess the satanic Illuminati killed him!

  • Evie

    Everything was fine until the ponzi scheme buy and sell debt collapsed. What is that they are saying about the grandkids? If you believe that I have some sub prime dirivitves 4sale.

  • Kevin2

    It has been assumed that the Euro was one of the stepping stones from the NWO people towards a global currency. If the Euro dissolves and individual state currencies re-appear it’s obviously a reversal of what the NWO people intended. That being the case one can say that they are not all powerful. I think because of modern communication from the Internet they accelerated their time table to accomplish their goals before an ever more aware and knowledgeable pubic organized effectively against them.

    Some of the above is good news regarding part of their globalist plan failing. The problem is kayos with no one in charge. With too many variables to take into consideration no one knows how this will play out.

    • Gary2

      Kevin–what ,if any, effect on the whole free trade mess would the EU breaking up have?

  • Klean

    I think the big governments must want everyone to commit suicide, since there is too many people in the world, not enough jobs or to go around for everyone. I think its working cuz I’ll be ending my life real soon.

    • Michael

      Klean:

      Why in the world would you want to end your life?

      There is so much to live for.

      Please do not give up.

      Michael

    • http://thetruthfulone.com/ The Truthful One

      Yes Klean, they want you and everyone to give up. So why would you let them have this victory in your life?

      If enough people step up and fight against them, we will prevail over them.

      They know this, which is why they wage psychological warfare against us.

      Our founding fathers fought with swords and pistols. Today, we fight with words and nothing changes.

      So if you’re going to go out… then go out fighting against the elite that suppress us.

      Seek a right relationship with Jesus, who loves you and came to give you true life and hope…

      because if you think this life sucks, an eternity without God will sucketh much more.

    • paul

      whats the point of suizide? Life is too short anyway for all the nice thing to come. need to take your idea into your own hands, Nkrumah frieneverywhere and ignore the governmw

    • mondobeyondo

      Suicide is not the answer. You’d just be trading a life of pain for an eternity of pain.

  • Brontemilan

    What amazes me is how many religious nut jobs are in America. A discussion like this really flushes them out.

    • http://thetruthfulone.com/ The Truthful One

      What amazes me is how many anti-religious nut jobs are in America. A discussion like this really flushes them out. :-o

    • GaryToo

      that would be because the religious nutjobs have been expecting the current crisis due to reading their bibles which foretells it.

  • Klean

    Michael, these articles clearly show very little trace of any reason to live anymore. Walking outside to smell the spring flowers is nice but it can’t afford this day and age.

    • Michael

      What do you think the purpose of life is?

      Michael

      • Randy

        Purposes, excuses, reasons, lies…. They all look the same these days. The purpose of life is to do something fulfilling which is increasingly harder and more void of purpose everyday with the cost and lack of vacancy anywhere.

    • mondobeyondo

      Walking outside and smelling the flowers costs exactly $0.00

      • Gary2

        that’s good because I can not even afford to pay attention. Can you eat flowers?

        • Paul

          Oh yes. Just search the Internet for edible flowers.

          At a buddhist restaurant in Thailand where I had my lunch while having a massage training they served filled flowers of cucumber or zucchini.

          A friend of mine in Hong Kong was collecting flowers on her roof top and selling them to the hotels for use in garnishes and cocktails. That was her income.

        • mondobeyondo

          Ahhh – but can you afford to pay the piper?!

      • Optimistic Pessimist

        You are spot on – this has untold value. I also find a cup of tea brings similar cheer but I would as I am a Brit.

        I believe Irish doctors many years ago often prescribed a pint of Guinness as a way to cure a man who was down on his luck as it would instantly put a smile on his face and a warm glow in his heart. (Think this was before they fully recognised the bad effects that alcohol can have)

      • Optimistic Pessimist

        Just out of mild curiosity Gary2 – What do you appreciate in life?

  • Evie

    Austerity is a crock. People paid onto the pensions and paid taxes. Money was mismanaged and squandered. I do not see the planners tightening. Humm it is almost like everyone should starve or go without care.

  • nowwthen

    Obama? Bush? Romney? None of those puppets are either the entire cause nor will they be the answer to our problems. The gridlocked useless do-nothing inept partisan whores in Congress are at least equally responsible for the decline of our country. Boehner? Pelosi? Reid? McConnell? and my personal favorite — Maxine Waters? AYFKM ? Republican or Democrat they have one thing in common; they are incapable of doing what they were elected to do. This guy’s PAC

    http://www.cbsnews.com/8301-250_162-57431337/texas-super-pac-pursues-one-goal-get-incumbents-out/

    might not be the answer either but he’s on the right track. I hope his attitude catches on. Ask yourself what the legislative branch of government has accomplished in the way of improving our situation and then CLEAN HOUSE of every Congressional incumbent as soon as their seats come up for reelection!!!

  • Professor Gary

    And now for the rest of the story…
    Since I have a Swedish heritage, I am proud to point in the nordic direction of europe for an alternative to the insanity of the EU socialism. Believe it or not, Sweden is demonstrating that tax cuts and spending discipline provide greater economic growth than excessive borrowing and tax increases. The current political leaders of Sweden are pushing their country to a strong GDP and close to a balanced budget. What a radical thought!!

    They are proving that a supply-side approach has more potential than a Keynesian program. Go Sweden! Read more below:

    http://www.spectator.co.uk/essays/7779228/swedens-secret-recipe.thtml

    • GaryToo

      I lament selling my volvo 740, it would have still been going strong now. The most brilliant thing i have heard of in the scandinavian countries is the unemployment benefit structure. 50% of what your previous income was for a period, i dont know how long. That makes so much sense, it would mean you could survive without going bunder long enough to get another job or restructure your life/financials to a new reality. I live in a country with not a “close to balanced budget” but posting a budget surplus, but when i have been out of work the unemployment is only just enough for food eating carefully, all the other expenses, bills, vehicles, mortgages, investments, no way. get back to work in 2 months or go under.

  • paul

    the financial world is worried about mega profits. The euro is still worth more than 2001 when it was introduced. And a cheap euro is good for exporting countries like germany. New german housing now has to use 80% less energy for heating than 20 years ago and german cars give you 80mpg without being hybrid. German engineers now work on replacing rare earth metals. Recycling rate is high for years already. The German population is shrinking as is unemployment.

  • paul

    Oh Oliver the tablet only rubbish comes out.

  • 007

    I will save you all a lot of suspense and worry.

    This is what will happen.

    Government politicians will talk about austerity and cutting spending. They will wring their hands and meet over and over at exotic resorts to ponder the problem. They will set spending and deficit spending goals. Immediately, thereafter they will disregard and fail to comply with their new deficit reduction goals. Thereafter, the central banks will find some clever way to print a bunch of money and funnel it through a third party (probably the banks) so they will buy all of the new unsustainable government debt. The stock markets will rise as this money is funneled to the banks who buy the stocks. The politicians will praise each other for their brilliant and brave actions to save the economy. Once again the gain continues and the can is kicked down the road.

    This is all that is going to happen and who is going to stop them? This can go on for a long long time.

  • Evie

    The global economy seems dependant on the dollar and yen being low but the euro and lb being high. Wow with all of the debt these currencies are in negative territory or should be. Maybe the chinese banks coming to the usa to make preditory loans will make it better? Dont we have enough banks the taxpayers support?

  • curious george

    I’m wondering – is this the stage being set for the anti-christ to step onto with a ‘miraculous’ solution to Europes (and the financial worlds’) woes?

  • Silver Scumbag

    Austerity has not yet begun. What will they do when the pensions are cut?

  • Mark

    There is nothing that prevents Greece from printing billions of its own currency … THE EURO !

    Nobody can force Greece to leave the Euro. In the Treaty of Maastricht, there
    simply are no exit provisions.

    Although the European Central Bank is supposed to control the money flow,
    bank notes are printed in each country individually, and each country has the
    control how much they print.

    So far, all went well. But now Greece is a cat in a very dark corner, I am sure
    there are plenty of political parties that will find it tempting to simply start the printing presses and spread around Euro’s to kick start the economy.

    It has huge advantages for Greece.

    1.) They can’t be kicked out of the Euro. Politicians should stress that all the time. So no losing money by the introduction of a Drachma.

    2.) Such a move would make politicians who supports printing very popular.

    3.) Any inflationary effect would simply have to be absorbed by northern countries (Germany) who will be forced to reduce their Euro money flow.

    4.) If inflation would affect the value of the Euro, … well all the better for Greece ! It would be cheaper to pay of debts.

    5.) The new consumption eventually generates more taxes to pay off debts.

    6.) The Greek population could use these Euro’s to spend and invest abroad.
    Although it’s printed in Greece, it’s official currency all over Europe.

    7.) It would likely force Germany to accept the introduction of Eurobunds.

    The Germans would be pissed, but for Greece it would be a smart way out.

  • Jean

    The way I understand it works, the Goldman/Sachs Loans money to Greece by getting corrupt Oficials to borrow the money that cannot be repaid, country has to sell off its infrastructure, Water, utilities, roads turned to toll roads,etc and force rates beyond what the people can tolerate with the now privatized services and utilities. They take over the banking system, forclose on the homes and farm land and have completed the plan. The only solution for
    the people is revolution,Icelandic style, and return to their single currency,find markets for their production, and deal in real money such as gold, silver, copper or whatever commodity Greece can produce but give the people money
    so they can carry on commerce between themselves within the country. They need to get out of the Euro.

    • http://urbansurvivalguidesecrets.com Urban Survival Guide

      Great point Jean! Goldman Sachs arranged swaps that effectively allowed Greece to borrow 1 billion Euros without adding to its official public debt.

      Then Goldman Sachs shorted the Greek market and made money on the collapse of their economy.

      Now they seek to enslave the country forever.

      Government Sachs is pure evil!

    • Mark

      The only way out is to stop slave labor imports from Asia, and to produce stuff close to home again. There is nothing else other than a year or two of hyperinflation that can solve the debt crisis. The West has to go back to the basics.

    • Optimistic Pessimist

      I’m glad people are starting to wake up to this reality. The problems will not be solved with austerity or growth. The problem is debt not growth or austerity but borrowing to spend.

      OP

  • Robert

    I was not going to add to these comments but felt compelled. Why do humans ALWAYS look to other humans for answers? Look at the mess this planet is in. People have NOT ONE good answer for fixing ANYTHING!! History proves this over and over again. There is an unseen demon and his unseen evil followers that lurk everywhere. Only when the creator steps in and puts an end to these men we follow and destroys these unseen beings our rulers worship, will we be happy in life. Not untill we follow the creator of all things will our human leaders be stopped. It’s our only hope now———

  • http://worries.co.uk/ www.worries.co.uk

    Never heard of that although i really enjoy reading stuff about Worries quotes. Thanks anyways. Bye, Patrick.

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