Britain Now Planning On Belief That Euro Collapse is Now Just a Matter of Time, Foreign Office Warns to Prepare for Riots and Social Unrest
By James Kirkup – “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.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
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.
Greece has seen several outbreaks of civil disorder as its government struggles with its huge debts. British officials think similar scenes cannot be ruled out in other nations if the euro collapses.
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.” Read more.
Wall Street Analysts Everywhere Are In Agreement: The World is Ending – “Blame the weighty issues of the day (Europe, mostly), and yesterday’s big selloff for the spasm of bearishness. It started off with Nomura’s Bob Janjuah. He said that any talk of the ECB saving Europe was a mere pipedream, and that if the ECB did go whole-hog buying up peripheral debt to suppress yields, then that would prompt a German departure from the the Eurozone… But then there was Deutsche Bank’s Jim Reid, who is always sober, but not usually wildly negative. He offered up one of the most bearish lines in history in regards to German opposition to ECB debt monetization: ‘If you don’t think Merkel’s tone will change then our investment advice is to dig a hole in the ground and hide.’ Oy. But it got even wilder with the latest from SocGen’s Dylan Grice…” Read more.




Anyone read the book “Aftershock” by David Wiedemer, et al? I just read it over the Thanksgiving Holiday–really an eye-opener. Basically they believe we’ve been experiencing a long period of a bubble economy that started around 1982. Their first book, ‘America’s Bubble Economy’ published in 2006, predicted the first few bubbles that began to pop, starting with real estate in ’07-’08. The last two bubbles (gov’t debt and the dollar) haven’t popped yet, but when they do we’re going to have high inflation and high unemployment for years.
They show how the Fed has inflated the money supply by 3x what it was just 2 years ago (never been done), and there is no sign of that stopping since its the only thing keeping us from sinking into a depression. The problem is, the longer it goes on, the bigger and longer the depression will last. When the supply of $$ increases, as with anything, its value goes down, meaning it buys less. America’s national debt is over $15 trillion, and when it reaches $20 or $25 trillion, no one, not even the Fed, will buy our obligations anymore. The U.S. gov’t (and most gov’ts) won’t be able to pay their debts, and their currencies will decrease significantly.
However, they believe the Euro and Dollar will continue to be “reserve” currencies and they don’t predict its demise, despite all the E.U.’s problems. They will certainly be worth a lot less. They also don’t predict “the end of America.”
Bottom line–they highly advise getting low fixed rate loans on your home, making only minimum payments (because of inflation it will be easier to pay off those dollars in the future) dump all other RE, sell your business, sell stock, sell any valuables/collectables, pay off your car (its easy to repossess if you lose your job and can’t make payments, while your home will be difficult to take away), and buy GOLD. They say that for many years it will be the only thing that will hold its value, in particular because of its demand in the ME and Asia. At a certain point, far into the mega-depression, actually as it is ending, gold will be a bubble also and that will be the time to sell. But not now. Buy now.
This book was not written from a spiritual perspective, but certainly it is ‘contrarian.’ They foresee a lot of civil unrest, people and businesses squatting and not paying mortgage/rent. Perhaps Jesus will return in the midst of all the upcoming chaos.
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AND, I forgot to mention, they see this ‘Aftershock’ happening about 2013-2016. They don’t give exact dates, because it depends on a lot of factors, including the actions of the Fed, congress, and what goes on internationally. But they do believe at this point its unavoidable, due to the unpayable debt and huge increase in the money supply.
DON’T buy RE until all the bubbles have burst.
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Interesting. Everything that is happening right now can’t all be just one huge perplexing coincidence. Babylon will fall. Will fall.
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Better, clearer, longer description of book here: http://prophesite.wordpress.com/2011/11/26/the-book-aftershock-2nd-edition-john-wiley-sons-2011-by-david-wiedemer-et-al/
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I would think the Canadian dollar will do better than the U.S. dollar. Stay out of U.S. denominated investments. For instance, look at the U.S.-Australian exchange rate over the last 5 years. An American would have made about 25% if he just bought and held Australian dollars. Even Canadian dollars would have made you about 10% (see here) But if you want to see something really staggering, look at gold.
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Makes you wonder how much higher gold can go. It’s amazing when you look at the price of an oz of gold in the early 1970’s and the price today.
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The world will find that it is all for naught
Jas 5:1 Now listen, you rich people, weep and wail because of the misery that is coming upon you. Jas 5:2 Your wealth has rotted, and moths have eaten your clothes.
Jas 5:3 Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days
Wn
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And don’t forget about Ezekiel 7:19:
“They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the LORD. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling.”
I think about these verses a lot lately, along with David Wilkerson’s prophetic words regarding an economic collapse that would begin in Europe and then the world. He said “gold hoarders” (his words) would be hit very hard.
AHF
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Willard, AHF and other friends,
“Gold and silver” in Eze 7:19, I believe, are referring to idols (similar to Isa 2:20). But even if it is simply money that is meant, which gold and silver were then and up until the early 20th Century in America, then I have to ask, is God against money? (yes I know, ‘serve God or “mammon” ‘). Gold and silver in these verses are euphemisms for wealth, and specifically, trust in wealth, over and above trust in God, is being warned against.
Are you not careful about your money and investments? Do you not plan ahead for a “rainy day”? Don’t you occasionally like to take vacations to, well, I don’t know, Spain?
I don’t know about you, but I would like to have as much money as I am able to make through work or investments. I have kids to get through Christian school and College. I want to pay off my house. I want to be a generous giver into God’s work. I am going to try, with all my ability, to make as much as I can, given all the other responsibilities and priorities God has given me.
Yes, in the end, all wealth will be worthless. I don’t want to seek money over God. However, as a person living in this world, I deal with issues of money every day; therefore I must watch my heart to make sure I am not putting my hope in wealth rather than God.
So, I am reporting to you and all who read this, as best I as I can tell at this point, if it is your intention to hold onto your money and real estate through the VERY DIFFICULT times I see ahead, consider the advice I gave in the posts above… I think it is based on pretty solid evidence and certainly goes along with the gut feeling that I’ve literally been having for years.
I am not trying to find my satisfaction in life through “things”–but I would be irrational if I didn’t do some wise planning if I knew about an oncoming disaster and did nothing about it.
Kurt
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kurt – there is nothing wrong with your approach and there is nothing wrong with having funds for a rainy day or investments – but you seem to have some worry attached with it maybe it is the economy ?? – I have no investments other than my home and my business – I have lived month to month for almost 50 years and God has never failed me in anything
I have 25 employees and every payroll I have to put it into Gods hands that it will be there – in the last 20 years he has never failed – he has amazed me on many many occasions with his faithfulness.
I will tell you a story about when I was a hostage in Q8 in Aug 1990 of Gods faithfulness – when I landed I had about a hundred bucks on me and I knew that I was in trouble. Right at the beginning I knew that we would be there for a period of time and we were 4.5 months – I said well Lord it is you and me more you than me – The first 3 weeks I was kept in a 5 star hotel with all that it has to offer – room and food we never missed a meal or a nights sleep – than I was moved into and spent 4 months in the Canadain ambassadores house because he left 4 hours before the invasion – there were freezers full of meat, caviour, an indian maid etc.
After about 2 months after me and three others helped evacuate all of the women and children by getting them onto flights etc we had the Kuwaiti rsistance start giving us money just out of the blue – we had enought to buy fresh veggies – cheese etc. After tens of thousands of people left all the warehouses were still full of food so it never was a problem
The morning we left we had for breakfast 7 different kinds of cheese, grapes, eggs, bacon, toast, fruit, etc etc. I am certainly not a man of perfect faith I doubt many times but God did and does provide
One day there were 13 of us who were arrested – there were various nationalities some were diplomates who were with us loading the flights. The ones that arrested us were the Iraqi Republican Guard (Canadians were only under house arrest) and taken to the military head quarters to be ID’ed and I prayed – I asked God to show me that he was here even in Saddams Iraq and that he would protect me and take care. When we arrived at the head quarters I was standing aside with about 10 other people and from across the school gym were we were taken this coffe boy walks completely across the gym and directly to me and he came close and asked me quitely “Are you a christian” I was completely surprised to say the least – I said yes I am – he reaches into his pocket and pulls out an Assyrian Christian cross and says to me “ME TOO” You can not imagine what this did for my faith – yes God was even here in Saddams Iraq or Kuwait
I remember when my son was 1.5 years old he had cancer and one can only imagine what a parent goes through – while in the hospital full of worry and fear his nurse looks at me and says Willard God never makes a mistake – this was one of my very first experiance of faith building – my son is 32 years old today.
I am certainly not suggesting that we shed all materialism because of coarse we need things I love a nice truck and a nice house nice things and travel just like everyone else – All I am saying Kurt we certainly should enjoy the fruits of ones labor but at the end of the day we must walk by faith and in thankfulness which I am sure you do – just like the sparrows he will and does provide. While I was in Kuwait and completing it shortly there after I wrote the following poems after refecting on the power of trusting Christ for mu worldly needs
THE COPPER COINS
Two copper coins in a coffer laid
More than all the rich a lowly widow paid
From her heart all she had she gave
Only if the rich were from the heart so brave
Through the centuries this widows story known
Remembered for a heart of love she had shown
Who can recall a rich man from days of old
Who gave as much of all the world he did hold
Not a thought of what tomorrow it would bring
She gave her all, her last, trusting upon her king
Look! Look! Upon our hearts we must
To tithe, to share and on the Lord to trust
My favorite when I look upon what God considers enough and were Christ`s priorities were
THE BORROWER
A borrowed virgins womb God has used
From her has come the one that bruised
Over lowly Bethlehem the stars did sing
Gifts of gold. Myrrh, incense wise men bring
In a borrowed stable a manger filled with hay
Was were the Christ child was put to lay
Shepherds, wise men, angels all filled with praise
The Christ has come our sins to raze
To a borrowed country he did flee
To escape a king who’s heart was cruelty
To Egypt an angel led the way
Thus he escaped the sword Herod used to slay
On Galilee in a borrowed boat he did teach
Love thy neighbor love thy God firmly preached
Salvation was through him alone
He would return and take us home
With a borrowed coin a lesson taught
Should we pay Caesar ? or should we not
Give God his share but do Caesar not deny
Amazed they were with his reply
Borrowed fish and borrowed loaves of bread
Thanks to God and four thousand people fed
Seven baskets scraps filled to overflowing
His love his bounty on all bestowing
On a borrowed donkey a triumphant ride
God himself on his way to be crucified
With cloaks and palms they paved the road
Onward humbly to Jerusalem Gods abode
A borrowed room his final place to dine
His body blood new bread and wine
A wicked friend who with him did eat
With a kiss betrayed in a darkened meet
A borrowed crown made of thorn
Forced into the head of Gods first born
Blood running down his wrinkled brow
Man at his lowest, we must ask ? But How?
On a borrowed cross not his own unjustly slain
Yet forgave them all for causing all this pain
By all the leaders and his friends forsaken
By his suffering, death all our sins were taken
In a borrowed tomb he was sealed away
But the grave could not prolong his stay
Again the angels and all did sing
Hallelujah! Raised to heaven is our King
Wn
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Great story, Willard. You had related pieces of it before; thanks for the detail. God does provide amazingly. He has for us as well. Saved my wife’s life several times, who has some serious chronic illnesses.
You should copy and paste your story, and you can keep adding in details, that way you won’t have to type it out again.
Your story reminds of the OT siege of Jerusalem where the leprous (?) men decide they’re going to die of starvation if they stay inside the walls, but they’ll probably be killed if they go outside. They go outside anyway, find that the angel has killed everybody (or was it that they turned on each other?) and these Jewish men have a feast. Then they have some guilt that they’re enjoying it while the city is starving and they go back into the city and tell them where they can find food too.
I guess that’s what I figured I was doing, plus maybe a little bit of ‘Joseph’ action–you know, the 7 good years, then 7 years of famine. I’m relating to you the very simple and rational warning I found in this book “Aftershock”–we are going to have significant inflation and unemployment, and so every one should prepare.
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Also, great poem about the widow’s mite!
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Yes I agree with you and I have that same gut feeling of anxiety as well about what is just ahead of us but if we see hyper inflation like they are taking about not sure how much would be enough I worry more for my grand kids and kids as they are blind (delibertly) as to what is coming – my wife and I could manage 3 or 4 months quite easily just out of our pantery if we had to and being old farmers we know how to live off of the land quite well
I remember as a kid right after the war my parents getting letters from relatives in Germany begging for money – a wheel barrow of marks right after the war barely bought a loaf of bead and I suspect it will possibly get to that but than if we cannot buy or sell ???.
I have been reading a lot of reports the last few days that Europe is just about ready to collapse – I hope that the socialists and the greedy thieving bankers will get their due the sad part is that we will all likely have to suffer – Not sure what all there is to it but I have also read some reports that there is a system of electronic money on the back burner ready to step in – no idea how that would solve the debit crisis though –
It almost seems like to me that there is a plan or planners out there somewhere that is delibertly trying to collapse the worlds economy – The money that nations are borrowing and putting on their books makes no sense other wise – it is like all nations are in a rush to see who can commit finacial suicide first.
Maybe someone else out there has heard something to this effect about the electronic money – maybe ICA ??
More than ever Kurt now is the time to trust in Gods provision – Regardless of what lies ahead God will show us some amazing things – my favorite faith story in the bible is when David confronts Goliath – HE HAD ZERO DOUBT that God would provide and the first missile attack in Israels history
Wn
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Willard – awesome story. Just wow. God is so, so good to us.
Kurt – I think a case could be made for the gold and silver mentioned in the prophecies being the commodity with which we are all familiar in our day and age. James did say that greed was idolatry. Especially considering that the Ezekiel prophecy was concerning the “day of the wrath of the Lord”.
That being said, there is absolutely nothing wrong with wanting to invest wisely what God has provided. My point in quoting the verses above is that there will be those in the last days who DO put all of their hopes in their wealth and, in the end, will find themselves hiding in caves and holes in the ground from the face of the Son of God. It seems incredibly relevant to our very day, as a matter of fact. ICA – I’ll have to dig up the story on the spike in survival bunker sales in the past year (i.e. “holes” in the ground).
I do have a little bone of contention with many of the books and articles out there that propose to tell us how to prepare for the hard times ahead. I 100% believe that we are indeed headed for disaster, but so many of the financial gurus out there, even the Christian ones, seem to operate on the presumption that all of us have lots of money, a portfolio, a 401k, etc. etc. I think they must live in a bubble where they don’t come in contact with the greater percentage of the American population who lives paycheck to paycheck, couldn’t afford to buy an ounce of gold if their life depended on it and, if they do have a 401k, they have raided it more than once just to pay for one emergency or another (hand up here). That is the reality of most Americans. And, even the Americans who are struggling are still better off than 90% of the rest of the world. So, most of the advice being given benefits only 25% of Americans (if that – and,no, I’m not an OWS’er).
This is one of the reasons I started publishing my newsletter for young families. Most of my subscribers don’t have two nickels to rub together. I can’t tell you how many young moms I heard from who couldn’t even afford the $12.00 subscription price. So, we all put our heads together to help one another prepare in ways that don’t require lots of money. And, even then, we often shared with one another how we didn’t want to base our security on the fact that we put up 100 jars of green beans or that our hens were laying 12 eggs a day. One bad earthquake or flood or fire, or even a bad gardening year, and its all gone. Ditto for financial preparations – I think we all know now how easily it can all go “poof”.
My husband and I were sitting in church many years ago and the pastor was giving a message on finances. He said that he felt it prudent to diversify. My husband leaned over to me and whispered “How do you diversify $5 bucks?” I guarantee, we represented the majority of that congregation. Yes, the back of my neck gets a little hot at the idea that, out of the sacrifice of a congregation, most of whom could not afford to diversify, the pastor was paid so well that he was able to.
No, God is not against money, but isn’t it interesting that very few of His children are rich? (1 Cor. 1:26).
Please do not take any of this as directed to you, Kurt. Your intentions in sharing the information are very kind. A lot of this has been bubbling in me for a while and I guess I wonder if anyone else thinks about these things.
AHF
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Real quick, I’m at work:
I hear both of you. I understand where you’re at.
Do you have a brokerage acct, i.e., with TDAmeritrade, E-Trade, whatever? If not, open one. You can start with a couple hundred dollars. If you don’t have that, save it up and open one.
Put the money in ETF called “IAU”, which is an “Exchange-Traded Fund” that’s about $17/share that follows the gold price. Leave it alone. If in 5 years you’ve lost money, I’ll reimburse you your lose from your $200 investment. Seriously.
If you can put more in than that, do so.
I’m not trying to get you to “get rich quick”, just to be diversified like your previous pastor told you to do (it was good advise).
“Diversify” comes in various flavors–maybe it means to buy 50 lbs of rice and beans.
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You hit the nail on the head with that last comment, Kurt! :)
AHF
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I think time is running out for all of us Kurt – I do not see 5 years of time left at least not as we now know them – I tried it during the high tech bubble which was the only time that I bought – Micro Soft, Global Crossing, Nortel, Enron, and several other so called safe stocks within 6 months it all went South – The corruption in the banking and investment industry is rampent and far more than I can take – one of my concerns is that I have been reading that a lot of so called gold investing all you are getting is paper gold – the gold is not neccesarily there physically kind of like the high tech, Freddy Mac and Fanni May scenaro
I think that this is what James means and warns us about when he says in Jas 5:2 Your wealth has rotted, and moths have eaten your clothes. Jas 5:3 Your gold and silver are corroded
So for myself and that is just me maybe some think that I am foolish but I have decided to invest under following rules found in Matt 6:25 – 34 so far it has been working well for me – I have some quite rich friends and their whole life is a worry about how not to lose what they have – the so called RRSPs we have in Canada I think you call them 401ks ?? the managers service charge you to death and even they do not gurantee a return in times like we see today
As AHF said do not take this personnely it is to each his own we do what we think is best for ourselves and our families
Wn
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For those interested in todays financial condition that we are in a good watch is the video Corrupted Riches
http://www.hallindsey.com/
Wn
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http://news.yahoo.com/feds-no-2-sees-room-further-monetary-easing-020509453.html
Key quote from article:
“A number of communications shifts are being discussed, including a controversial proposal from the Chicago Fed president to allow for temporarily higher inflation. ”
That makes it sound like its in their control to determine whether they will allow higher or lower inflation, when in reality, the decision was already made when they pumped add’l trillions of $$ into the economy.
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Pretty much what you’ve been saying, Willard. I like Hal Lindsay’s direct approach, although I obviously disagree with him over a few details.
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A dollar crash may not happen precisely the way this video portrays, but it does show how quickly everything can change given the right set of circumstances:
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Re: inflation video–well done, and unfortunately, plausible!! In that “Feds see more room for monetary easing” article I linked to above, they’re talking about FURTHER inflation of the money supply just like is shown theatrically in the video, precipitating the event. We’ve already seen “Quantitative Easing” and “QE-2” (they think by the cute name we won’t focus on how absolutely detrimental this is to real growth and recovery). In the video they reference “QE-4″… I think there will be a few of these type of shocking financial events in the next couple of years, although maybe not as severe as portrayed. I do think they’re correct that gold will continue to go up and up.
By investing in gold, don’t think of it as “get rich quick” but as “principal or capital preservation”–you’re not necessarily getting richer, the dollar is just shrinking in buying power. The dollar (and most other bank-issued currencies, although the U.S. Dollar worse than most) will drag you down unless you jettison it. I don’t think Christians should be foolish about this.
Do I want Yeshua to return in 2015 (or before) as we’ve been speculating? Absolutely, but if He doesn’t, this devaluation is still coming like an unstoppable freight train. Its not an “if”, but a “when”.
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