Thursday, November 24, 2011
Six Plays On the European Banking Collapse
Europe is done. Finished.
The powers that be over there have completely lost control of
the markets. Germany just staged a horrific bond auction and
the ECB is intervening several times a day to stop Italy's bond
market (the world's 3rd largest) from imploding.
And that's just the tip of the iceberg.
The debt contagion has now spread to Spain, Italy, and even France.
It's quite possible France will lose its AAA rating in the near future.
We also have Germany threatening to leave the Euro outright if
the ECB prints money.
Which means... it's the End Game. No matter what, the defaults are
coming and the Euro will implode.
This is the reality for Europe. The whole system will be going down,
it's only a matter of time. And when it does collapse, it's going to
make Lehman Brothers look like a joke.
I know the markets have yet to fully realize this... but it took them a while
to realize 2008 as well. And when they did, things moved VERY quickly.
So if you have not already taken steps to prepare for systemic failure,
you NEED to do so NOW. We're literally at most a few months, and
very likely just a few weeks from Europe's banks imploding.
Take steps to prepare our loved ones and personal
finances for systemic risk:
You need to know:
1) how to prepare for bank holidays
2) which banks to avoid
3) how much bullion to own
4) how much cash is needed to get through systemic crises
5) how much food to stockpile, what kind to get, and where to get it
ask me at: generalfoundation@safe-mail.net
Labels: Crash, crisis, Euro crisis, Euro default, risk