Posts Tagged ‘Currency’

Possible Euro Collapse Sparks Civil Unrest Fears

Sunday, November 27th, 2011

Prepare For the Worst

Those who have been paying attention have known the Euro is in deep trouble, and much of it stems from the way in which is was created.  Too many member states were admitted which had currency that was overvalued for the merger, and they’ve done nothing to curb ridiculous fiscal policies in those countries.  This includes nations such as Greece, Italy, Portugal, Spain, but also to a lesser degree, France.  Now, it’s time to pay the piper, and predictably, nobody wants to do so.  Governments in Europe are now forced to consider what will happen if the Euro falls and the member states wind up reverting to their prior forms of currency.  Some estimates suggest that GDP would decline in Europe among member states by as much as half, or more, and that widespread unemployment on a scale that would dwarf any previous depressions in scale and depth.  In short, they’re now planning for a calamity, complete with riots and revolutions, and the reason is simple: It’s now a very real possibility. From a story in the UK Telegraph:

The Financial Services Authority this week issued a public warning to British banks to bolster their contingency plans for the break-up of the single currency.

Some economists believe that at worst, the outright collapse of the euro could reduce GDP in its member-states by up to half and trigger mass unemployment.

Analysts at UBS, an investment bank earlier this year warned that the most extreme consequences of a break-up include risks to basic property rights and the threat of civil disorder.

“When the unemployment consequences are factored in, it is virtually impossible to consider a break-up scenario without some serious social consequences,” UBS said.

Of course, many Americans are not moved by these tidings, somehow believing that we are insulated from a European crisis, but nothing could be further from the truth.  If such drastic circumstances arise in Europe, the effects will be global, and so will be the civil unrest that accompanies it.  This is the  kind of calamity from which there is virtually no escape, anywhere on Earth.  In such an environment, not only would our own exports to Europe would collapse, but also we would find our own currency in free-fall because we have so thoroughly tied it to the Euro.  The defaults alone would wreck our own currency, and leave the United States in a similar situation.

Reuters is now carrying a story about the French and German effort to establish some fiscal controls to stave off a calamity, but the truth is that this will likely be too little, too late. Some authorities realize that this will be a stalling tactic at best, and are using the time it may buy to prepare for what is increasingly being seen as an inevitable collapse. From the Telegraph:

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.

“It’s in our interests that they keep playing for time because that gives us more time to prepare,” the minister told the Daily Telegraph.

Recent Foreign and Commonwealth Office instructions to embassies and consulates request contingency planning for extreme scenarios including rioting and social unrest.

As is now obvious, this is all a play for time.  They’re buying time, but they’re not going to save things, and the Europeans seem to know it.  The question thus becomes:  What is our own government doing to prepare?  What are they telling you to do in preparation?  Nothing.  Your own federal government is behaving irresponsibly in the face of this looming crisis.

For three years or more, the hand-writing has been on the wall, and our own government has obfuscated and lied about the direction of things, but has done little to prepare the American people for the possibilities now in the offing.  Let me suggest to you that the recent sporadic reports of spikes in the purchase of survival supplies is an indicator that the American people have begun to figure it out without governmental warnings.  No rational person can examine what’s been happening on the global economic and financial front and not have some sense of the very real dangers now accumulating.  It remains a prudent course of action for Americans to prepare for any sort of emergency, but with the real possibility of complete Euro-zone collapse now seemingly imminent, prudence would dictate an uptick in preparedness planning.  Our own currency has been tied too closely to the Euro currency to avoid the consequences of its collapse.

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Unholy Alliance Between Church and State

Monday, October 24th, 2011

Unholy Alliance Between Church and State

I was born and raised in the Catholic Church and I understand its teachings, but I cannot accept this outrageous proposition by Pope Benedict for a new Central World Bank.  In my view, he can take his statist proposition and burn with it in the lake of fire.  This is a sinful proposal, because it arrogantly ignores that which the church teaches about free will.  One of the things about which I have long been at odds with the Catholic Church has been its preaching of “social justice” via social policies of governments.  This perhaps applies salve to those who feel some guilt in what wealth they have earned, but more frequently, it provides a moral escape hatch for those who produce nothing while demanding that others pay their way.

This is the source of a great rift in the church, greater even than questions over issues of abortion, homosexuality, and pedophilia among priests.  This is a matter of what the church teaches its people at a fundamental level, and Pope Benedict’s proposal is one that should cause mortal shame in the Vatican.  That institution has been collecting and sitting on vast wealth for nearly the entire period of its existence, and the fact that it wants so-called “social justice” at the point of a gun is the last piece you need to understand how morally bankrupt the Church has become.  In the days of John Paul II’s early years, he fought with Ronald Reagan and Margaret Thatcher against the tyranny of communism.  For me, the Catholic Church is now officially dead, because through this proposal, Pope Benedict XVI is joining the church in Communism.

There are  no good works one can accomplish if one practices evil in order to carry them out.  This proposition on the part of the Pope is something that must be confronted, and I intend to do so.  There is a reason the Church has lost credibility, and when you see that they have extended into the world of politics and governance to the extent this proposal portends, you can know that the institution of the Church is in serious trouble.  So desperate is the Church to fill its coffers from the world’s poor that it now relies upon a proposal to enslave them.  In this instance, the Vatican is actually demanding global taxes on financial transactions.   WHAT?

If you think it is bad when government involves itself in the realm of religion, imagine what it is when religion takes over governance on a claim of moral authority over people and nations who may not subscribe to its claim of authority.  Every protestant who ever had doubts about the Catholic church have just had them confirmed in this  proposal.  Of all the abominable hypocrisies put forward in this proposal, here, I think is the most stunning of all:

“In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,”(emphasis added)

Here you have the ultimate in hypocrisy:  An institution that has hoarded the wealth of ages while continuing to collect wealth from even the poorest of its flock actually bothers to address the question of “collective greed?”  What can be more greedy than a Church hierarchy that occupies a palace in a nation established for its own propagation and preservation?  What?  What is greater greed than this? Pope Benedict should be ashamed to attach his name to any of this, and indeed, Catholics should recoil in horror.  Here is the ugly reality of the nature of these actions by the Church: It  is now collaborating with the devils of socialism and communism.

The most disturbing part of this proposal by the Vatican was the appeal for a “Global Authority.”  Yes, the Vatican just asked for a one-world government to oversee currency, banking, and apparently, taxation.  I will never submit to this, and I hereby denounce the Vatican, this Pope, and all the hypocrisies for which they have chosen to stand.  The church and the Pope are supposed to be spiritual leaders, but this is direct involvement in the lives of all men through government’s tentacles, and it’s an astonishing rejection of the pursuit of liberty Pope John Paul II had undertaken in the 1980s.  My complaint here is not with Catholics, but with the institution that claims to lead them.  This proposal is not born of the teachings of Jesus Christ, but of foolish old men in the Vatican who have forgotten what it is they are to do, and have become too comfortable in their museum-like  surroundings.  The Vatican is no longer the seat of the greatest Christian church on the planet, but a jewel-encrusted mausoleum that has entombed its principles beneath a stone lid of politics and corruption.  Once, the Catholic Church stood against tyranny, but as we now see all too clearly, the Vatican has gotten in bed with it.