[deepinthewoods]

could you link us up to 'todays headlines' please?
whats americashire been saying about us now!!

[yankieGirl]

Hope these work.  A good source for current headlines is the Drudge Report. That's all it shows, headline links to other sources.


http://www.reuters.com/article/2011/11/27/us-eurozone-integration-ecb-idUSTRE7AQ00F20111127

http://www.nytimes.com/2011/11/26/business/global/banks-fear-breakup-of-the-euro-zone.html?hp

http://www.telegraph.co.uk/news/politics/8917077/Prepare-for-riots-in-euro-collapse-Foreign-Office-warns.html

http://www.telegraph.co.uk/news/politics/8917161/OECD-figures-suggest-Britains-economy-will-slip-back-into-recession-at-the-start-of-next-year.html

[deepinthewoods]

from the telegraph
Diplomats have also been told to prepare to help tens of thousands of British citizens in eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.

thats interesting.
i think closer intergration is more likely.

[robert waddell]

nearly 3 years is a long time to remember an exact chain of events     if dementia has not set in it was the American finances that kicked it all off with a run on European banks  the respective country's bolstered the banks who are now in the position of controlling what happens in Europe        and what of America the country that kicked it all off  at present it would appear to be the strongest of them all    eh how does that work

[yankieGirl]

From a site I frequent here in the US....we are following this just as you are.  With more questions than answers.

I find it unusual that that the UK governement is "publicizing" this. It seems for once a government is "ahead of the curve" instead of merely reactionary. I know that the people of the UK are very much against going down with the rest of Europe and now very relieved they never went to the Euro. I wonder if this is to "show" the UK citizens that their heads aren't buried in the sand. Which smacks of self preservation.

As to the worldwide implications, it is IMHO a dominoe affect. If Europe goes, it brings down China as who would they sell their goods to? (other than the US whose purchases are of cheaper products). I would then wonder if the Chinese wouldn't call all of the US debt that they own... and that raises the bigger questions..

Would the US then reneg on it's debt obligations? and if so what would this do to economic confidence worldwide? or would the US "print away"?

Short term affects would decrease prices in the US but long term, with everything being imported and nothing produced here I think we would see shortages of everything from food to critical equipment for infratstructure and production.

How long would it take to re-start US manufacturing and could/would companies do that in the current political climate and US "leadership" (i.e. regulation)?

Most of the US lives on the "just in time" delivery method. Most distribution centers hold a three week supply. Then what?

If and it's a big IF, the Chinese remain somewhat polictially stable we might get resupplied, if they don't and deliveries stop the supply chain dries up.

This line of thinking also presupposes that local and federal officials don't try a power grab for the remaining resources.

Sorry, I've spent a bit too much of free time this weekend, contemplating the what if's of the future and how to prepare myself for them . 

Bluesgal, interesting reasoning. Just one aside, the Chinese cannot simply "call" in their debt. They own treasuries, which have a maturation date. They can try to sell them off, but they know that trying to sell a huge amount of treasuries at once would cause the price to drop. they cannot call in their debt anymore than a bank can 'call in' your mortgage and force you to pay it all at once. When they bought the treasuries they agreed to the terms.

But if they did decide to sell off all their US treasuries, would the fed step in and print the money to buy them in order to keep the treasuries from dropping ( and the interest on that debt from spiking) most definitely YES, IMO.

God only knows what impact that would have on our economy long and short term. There is another scenario as well, perhaps money would flood INTO the US if we are perceived as being relatively stable. The US dollar is considered a safe haven currency in most parts of the world.

Even with all our problems, we might end up being the tallest midget on the block.

[RUSTYME]

The recent riots in the uk were at best highly dubious , at worst an orchastrated trial run , set up by tptb . Nothing about the whole thing rang true . 
 As for riots in the new year , yes it looks more likely than not ! The euro seems about ready to collapse and the swhtf very soon after , possibly within hours !   The question is , is the euro collapse also planned ?

[Crofter]

If the Euro does collapse, it will get a lot of very big players off some awfully big debts.  What do France and Germany do if they get Greece, Italy, Spain and Ireland all saying "so sue me"?

[RUSTYME]

WW 3 simples ! Then all problems are solved !

[yankieGirl]

All is well!!!!

http://www.telegraph.co.uk/finance/financialcrisis/8919470/IMF-drawing-up-517bn-package-to-save-Italy-Spain-and-the-euro.html


Or NOT?? 

http://www.ft.com/cms/s/d9a299a8-1760-11e1-b00e-00144feabdc0.html

[RUSTYME]

The rhetoric has changed somewhat . They are all talking about 'if' the euro crashes  ,some even saying 'when' , without correction !.
 But the overall mood projected , seems to be , acceptance of the fact ,  that it will fail .   
Merkel has now said for a third time , that peace cannot be guaranteed if the euro fails , and thus the eu ? Mind games ? , warnings ? , threats ?
 The sh*t has started to fly , just a matter of waiting for it to hit the fan now !
Cheers russ

[Plantoid]

WW 3 simples ! Then all problems are solved !

You don't mean ..surely not , do you really mean ... Iran solves the worlds debt crisis . 

[tizaala]

If the Euro fails then the EU will fail, we will then return to independant states with with propper borders and custom posts, Brussels will no longer be in control and we can go backwards 60 years to the  Halcyon days of british agriculture when we made the rules and regs up, and those foreign countries the other side of our defensive moat kept their noses out of our business.................ok,  .....I can dream, can't I ?

[yankieGirl]

Looks as if we all get a bit of breathing room for a while.  More bailouts means more time for the "pressure" to build before the SHTF.

In the end...what a mess!

[RUSTYME]

I share that dream too  T , sadly i don't think it can happen . To much corruption and too much power to give up .
 If it wasn't so dire desperate and plain bloody scary , it would be funny . Bailout after bailout and still 'they' refuse to se that it just aint working , and never can . 
So the only thing left is ww3 . All the big bankers do what they did in ww1 and ww2 , fund both/all sides , big business makes money making weapons and mp's retain their illusion of power , and the world population gets knocked back by a few billion .
Iran has been on the cards since bush and blair .  What a godsend it must be for the war mongers , swhtf sometime soon. 

[bazzais]

Boom and bust is to some extent a purposefully manufactured scenario and at the very least a side situation that is used to plump up someone's wallet, You'll probably find that there has never been a director made bankrupt because their company has gone under.  The creation of headless companies and the removal of responsibility from those running companies, given a legal identity of their own, is whats the farce.

I dont think world production and its ability to live through 'this' will end if 'their' markets collapse.  We are never going to be in a situation when crazies from the cities are plundering our farms and land scavenging for food (as most of them would die searching an empty tesco cos thats where they think food grows + I've seen it on zombie movies) - and the rest of the rich will certainly not fancy coming out 'these parts' and fighting for their next meal as they know they would be the first to get banged on the head or strangled by their ties - so 'they' wont let their monitory system collapse as they know this is the only way they can keep the power.

We have seen countries where the money system has gone - has it lead to anachy? No.

Baz