Prepare for riots in euro collapse, Foreign Office warns

[dipsydoodle]

British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.

As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.

Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.

>

A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.

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

Now UK faces a £5bn bill to bail out Spain... as ministers plan for euro collapse

Britain was last night planning for the collapse of the eurozone as Spain weighed up a bailout that could cost UK taxpayers £5billion.

The Government is preparing for the biggest mass default in history and the break-up of the single currency bloc.

Analysts warned that euro meltdown would wreak havoc in the banking system and plunge the global economy back into recession.

The storm hit Belgium last night as the country’s credit rating was cut from AA+ to AA by Standard & Poor’s amid tumbling confidence in the region.

Read more: http://www.dailymail.co.uk/news/article-2066196/Now-UK-faces-5bn-bail-Spain--ministers-plan-euro-collapse.html#ixzz1eo11zfJu

[defendandprotect]

1. 2012 is going to be less about another election -- and more about revolution --- !!!

[lovuian]

7. yep Capitalism is on its way out

its a failed system and promotes corruption

[defendandprotect]

12. "...its a failed system and promotes corruption" ---

Indeed -- !!


:hi:

[Syrinx]

2. I never understood the justification for the Euro

But I'm no economist, and I admit much of my opposition to it was based on romantic feelings towards the old currencies.

[dixiegrrrrl]

3. It was an attempt at destroying national currencies/national government power.

As was the European Union.
A nation's power includes the ability to control its own money supply.

[Syrinx]

4. are we talking about "one-world government," and that sort of thing?

I don't necessarily scoff at the notion.

[dixiegrrrrl]

6. Much like the Bilderberg group, once a "tin foil" topic and now mainstream

it is now being publicly discussed that there is a "one world currency" plan ( actually, HAS been, for some years)
which IMF calls "Special Drawing Rights", which is essentially a monetary "process" as opposed to any coin denomination money.
Any Google of "SDR" or Special Drawing Rights will give plenty of information from reputable ( tho mainly non-USA) sources.
Wiki has a good outline of it.
Altho Wiki explanations SDR as a measurement of a basket of currency, it does not say what happens when one or more currencies in that basket become devalued to the point of being worthless, nor does it say that the basket of currency MAY be denominated in non-Euros or non-dollars,
so that the IMF will function just fine even after it has trashed the Euro and the dollar.

The IMF is a cartel of bankers which has, over time, indebted and then dictated to many many countries,
initially the 3rd world countries, lately 2nd world and now Europe, exchanging debt for wealth, installing puppet leaders. thaks to captured media, it has gained an air of legitimacy and been painted as a "rescuer".
I recommend reading what John Perkins has to say about the other side of the story ( Economic Hitman, etc)
The IMF is the ULTIMATE too big to fail bank, and like the other TBTF banks, is essentially insolvent, except for what coin it can extract from still alive countries. The ultimate zombie bank, if you will.

The intent of the European Union was that a bunch of sovereign countries would joining together and have a common currency PLUS, as it turns out, a common military, taxes, laws. It did not evolve over all the planned stages because people realized they also had something else in common: loss of national sovereignty.
And because they had a sudden enormous common DEBT thanks to the IMF and puppet heads of state.

A read up on the European Union is instructive.

[lonestarnot]

8. equala!

[defendandprotect]

13. Sovereign nations vs corporate states -- !!

[DCBob]

5. Even if the Euro and EU collapses it doesnt necessarily mean the rest of planet goes with it.

The fact that this scenario has been upon us for many months has given companies, banks and other financial institutions time to reevaluate their exposure to Europe and make some changes to minimize the impact. No doubt it will still be ugly but the rest of the world should be able to plow through it. Its hard to say how bad it will get in some parts of Europe but it doesnt look good.

I think the recent trip to Asia by the President is an indication of how the administration sees the future.

[TBF]

9. We know this administration (and any of the folks running against our POTUS)

will do their best to uphold capitalism - no doubt about that.

[DCBob]

14. Reality check: This country is not going socialist.

Even if Bernie Sanders was elected President. There are way too many conservative and pro-business congressman who have voters back home to keep them in office. That is simply not going to happen in our lifetimes anyway.

[TBF]

16. The world is erupting against capital right now - in case you haven't noticed. nt

[socialist_n_TN]

18. Sometimes years go by and nothing much happens

and sometimes months go by in years.

It would be interesting to see a Pew Poll on whether the word "capitalism" still has a positive connotation. The last one I saw a couple of years ago, showed it at only 52% positive after over a century of positive propaganda. I would be willing to bet that that positive connotation has dropped below 50%.

[blindpig]

10. We have the same issues here.

All of this crap propaganda about 'the debt' and putting the full weight of it on the working class is the same. OWS is the first glimmering of people's awareness of this. The problem is worldwide because Capitalism is global.

[socialist_n_TN]

11. Which is why we need an true international

working class movement. Why not start it with the countries that are having trouble in Europe. The anticapitalist blocs need to get together across national borders and pressure their governments to lock in special trade agreements amongst themselves which would be the start of a United SOCIALIST States of Europe.

Or we could just REPLACE those governments with worker's democracies and THEN institute a United Socialist States of Europe.

[AntiFascist]

15. Be prepared then to fight the fascists....

and there are plenty who may come out of the woodwork.

[socialist_n_TN]

17. Fascists will always have to be fought............

As much as I'd like for it to be peaceful, I only hope for as peaceful as possible.