Greece on the brink of collapse – Spain is next – Then a full Euro collapse?
Greece is soon in a full economic collapse, today I just watched the news and Spain isn’t far away from that state to. People regains all their savings from the banks in Spain to now. And I think we are all familiar with scary movie scenes when a ship starts sinking and the rats beginning swarming off the ship and trying not to drown. Well I think there is some serious sinking occurring in Europe right now, and folks are beginning to swarm and try to protect themselves and the little they have left.
I also watched the appearance on Meet The Press on Sunday, with Jim Cramer of CNBC where he boldly predicted that “financial anarchy” is coming to Europe and that there will be “bank runs” in Spain and Italy in the next few weeks. This is very strong language for the most famous personality on the most watched financial news channel in the United States to be using. And even if It may not happen in “the next few weeks”, the truth is that the European banking system is in a massive amount of trouble and if Greece does leave the euro it is going to cause a tremendous loss of confidence in banks in countries such as Spain, Italy and Portugal. If Europe fall, how will that affect USA? Link
Here’s also an interesting video from Amerishima2012 where he points out some hard-hitting evidence that we may be only months away from a full on GLOBAL ECONOMIC COLLAPSE! Will this be the beginning of the RFID Cashless Society? Time will tell. But be sure to check this out. Link
The credit system of the entire country is in shambles. So much so that reports are emerging about food shortages and hunger within the Greek prison system, suggesting that serious problems in the food delivery chain have begun to materialize.
As Nigel Farage warned recently, we are beginning to see the rise of extreme political parties as a consequence of the total and utter desperation of the populace.
Today the news gets even worse. Greece’s Regulatory Authority for Energy (RAE) announced an emergency meeting to deal with what can only be construed as a tell-tale sign that this crisis is very rapidly reaching critical mass and may spiral out of control in the very near future:
Greece’s power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country’s electricity and natural gas system.
“RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system,” the regulator’s chief Nikos Vasilakos told Reuters.
RAE took the decision after receiving a letter from Greece’s natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.
You may have thought the financial collapse of 2008 was bad. That was just a warm up. The main event is staring us in the face, and the whole of Europe has front row seats.
We’ve repeatedly warned about what author James Rawles portrays in his fictional yet prescient account of the effects an economic collapse has on a society. In his book Patriots (and his follow-up Survivors) Rawles details the loss of confidence in a nation’s currency and credit, a collapse of basic services, the emergence of bartering, the collapse of power grids and supply infrastructure due to lack of money and labor, the rise of political extremes, and even the civil unrest and war that follows.
Do you still think this can only happen in fiction novels?
We are now seeing the first signs of this happening inside of the European Union – the largest economic zone in the world.
If there’s is one thing we can surmise based on the last four years, it’s that the contagion is spreading and it cannot be contained.
Today it’s Greece. Tomorrow it could be your hometown.
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