Dark days ahead for the EU

Greetings,

 The whole Western world is confused. At every turn they’re finding obstacles laid against their retreat in every direction. America is buckling under debt. Australia is buckling under debt.

What about Canada? Yes, she too is buckling under debt as her housing market implodes. Europe is imploding under the strain. These nations can find no refuge as they see what they feared has come into being.

It’s horrific for them. It’s a time for them to prostrate themselves in the hour of peril. They are are being brought to poverty and disgrace.

The God of heaven and earth has declared war on the Adamic world of Yakub…”Do you think that you can get away with fighting Allah (God)? No wonder the second Psalms says that He will sit in the heavens and laugh at those who are trying to fight against Him. He will have you crazy. It is true.

The heads of the governments of the Christian world are confused, and they do not know that they are confused. Why? Because their greatest desire was to confuse us. Now Allah (God) has taken the confusion out of us and put it into them.”-pg.156(The Fall Of America)

Greek expulsion from the euro would demolish EMU’s contagion firewall

If Syriza rebels win power on January 25 and carry out threats to repudiate the EU-IMF Troika Memorandum, Greece alone will suffer the consequences Photo: AFP

Should EMU leaders choose to cut off liquidity support for the Greek banking system they might find that their contagion defences are a fiction

We know from memoirs and a torrent of leaks that Europe’s creditor bloc came frighteningly close to ejecting Greece from the euro in early 2012, and would have done so with relish.
Former US Treasury Secretary Tim Geithner has described the mood at a G7 conclave in Canada in February of that year all too vividly. “The Europeans came into that meeting basically saying: ‘We’re going to teach the Greeks a lesson. They are really terrible. They lied to us, and we’re going to crush them,’” he said.
“I just made very clear right then: if you want to be tough on them, that’s fine, but you have to make sure that you’re not going to allow the crisis to spread beyond Greece.”
German chancellor Angela Merkel did later retreat but only once it was clear from stress in the bond markets that Italy and Spain would be swept away in the ensuing panic, setting off an EMU-wide systemic crisis.
The prevailing view in Berlin and even Brussels is that no such risk exists today: Europe has since created a ring of firewalls; debtor states have been knocked into shape by their EMU drill sergeants….More Here

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