UBS warns of Euro banking collapse and civil war
wpr102
Posts: 37
http://www.zerohedge.com/news/bring-out-your-dead-ubs-quantifies-costs-euro-break-warns-collapse-banking-system-and-civil-war
"Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalisation of the banking system and collapse of international trade.
"It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war." So you see: save the euro for the children, so we can avoid all out war (and UBS can continue to exist). The scariest thing, however, by far, is that for this report to have been issued, it means that Germany is now actively considering dumping the euro."
"Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalisation of the banking system and collapse of international trade.
"It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war." So you see: save the euro for the children, so we can avoid all out war (and UBS can continue to exist). The scariest thing, however, by far, is that for this report to have been issued, it means that Germany is now actively considering dumping the euro."
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MISH's Take on Europe
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Germany's not leaving the euro. Germany is going to own europe. >>
Actually, Europe is going to own Germany. The PIGS are already calling the shots, forcing Germany to react. German debt to GDP is 90%. The PIGS dont care if they themselves default, the Germans would be mortified of such action.
Knowledge is the enemy of fear
Look at Iceland to see how good things can happen when the people say "no."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Really? The German govt. wont allow rioting, or should I say, put up with it.
they don't mess around there and allow such acts without imposing major suffering upon the people.
<< <i>German population is about to boil over. Look for replay of riots there and look for them to take ruling party out
Really? The German govt. wont allow rioting, or should I say, put up with it.
they don't mess around there and allow such acts without imposing major suffering upon the people. >>
Really. Even dictatorships with a strong military are falling to "the people" who have had enough.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>German population is about to boil over. Look for replay of riots there and look for them to take ruling party out
Really? The German govt. wont allow rioting, or should I say, put up with it.
they don't mess around there and allow such acts without imposing major suffering upon the people. >>
Really. Even dictatorships with a strong military are falling to "the people" who have had enough. >>
Except the EU has virtually banned the civilian ownership of firearms.
Knowledge is the enemy of fear
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Actually, Europe is going to own Germany. The PIGS are already calling the shots, forcing Germany to react.
There's an old saw among loan sharks that goes something like: If you owe me $10,000, I own you. If you owe me $10,000,000, you own me (because I can't threaten to hurt you or "disappear" you if I hope you to earn the money to repay me)
Liberty: Parent of Science & Industry
Box of 20
<< <i>
<< <i>Germany's not leaving the euro. Germany is going to own europe. >>
Actually, Europe is going to own Germany.
<< <i>
yup.................. and who would want to own it anyway?
<< <i>
<< <i>
<< <i>German population is about to boil over. Look for replay of riots there and look for them to take ruling party out
Really? The German govt. wont allow rioting, or should I say, put up with it.
they don't mess around there and allow such acts without imposing major suffering upon the people. >>
Really. Even dictatorships with a strong military are falling to "the people" who have had enough. >>
Except the EU has virtually banned the civilian ownership of firearms. >>
So did Britiain, but that didn't stop the riots.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I know one should never say "it will happen", but it will.
<< <i>Germany's not leaving the euro. Germany is going to own europe. >>
European Central Bank is starting to unravel over the bailouts:
ECB Dealt a Blow as Executive Board Member Stark of Germany Steps Down
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey