Tag Archives: euro

Business/Economics

World War 3: European Union Joins China to destroy U.S. dollar!

30 September 2014 (05:09 UTC-07 Tango)/05 Dhu l-Hijja 1435/08 Mehr 1393/07 Gui-You (9th month) 4712

Today, China and European Union (EU) begin trading each other’s currencies directly, circumventing the almighty U.S. dollar!

Greece joins China to destroy the U.S. dollar!

Germany joins China to destroy U.S. dollar!

BRITISH EMPIRE…..ACCELERATING DESTRUCTION OF THE U.S. DOLLAR!

Total collapse!

British Empire joins Russia to destroy U.S. dollar!

“Your tyranny I was part of is now cracking on every side. And your own life is in danger, your empire is on fire!”-Gripped by Fear by Front 242, 1991

Business/Economics, International, U.S.

Global Economic War: U.K. prepares for collapse of the Euro, believes Britain will be flooded with economic refugees, Swizterland taking action

Several days ago there were reports that banks around the world were preparing for the demise of the Euro.  Banks are getting ready to go back to older European currencies.

On December 28 the British government discussed contingency plans for such a Euro collapse. Her Majesty’s Treasury (that’s the official title, and proof the Queen of England is no figure head) has announced plans to prevent a flood of currency refugees from overwhelming British banks.

The United Kingdom is part of the European Union, but does not use the Euro.  The British pound has been gaining in value as the Euro, and the U.S. dollar, looses value. The collapse of the Euro could see the value of the British pound skyrocket, which is bad for British exports (making them too expensive to buy, thus breaking Britain’s fragile economy).

It’s not just “The Treasury” that’s making plans, the British Foreign & Commonwealth Office (aka The Foreign Office) announced plans to stop people fleeing the expected chaos of mainland Europe, from flooding into Britain.

The Foreign Office said it would even attempt to rescue British tourists on holiday, and even British expatriates who need help returning to the U.K. 

The British media is also reporting that the rich 10% of Greece, and other EU countries that are in economic trouble, are already transferring large amounts of  wealth to British banks.

This happened to Switzerland a few months ago.  The result was that the value of the Swiss France skyrocketed.  But the Swiss dealt with it in an unusual way; they “attached” the value of their Swiss Franc to the value of the Euro (even though they are not a member of the European Union).

A few days ago there were reports that EU members were going to ground all flights out of their countries, and block all border crossings, to prevent mass exodus of people and cash.  British officials at Whitehall (the part of the British government directly controlled by the Queen of England, and which controls their military, named after a royal palace that once stood there) said they would do the same, but only to prevent foreign people, and their foreign cash, from coming into the United Kingdom.  Whitehall officials said they believe the collapse of the Euro would result in widespread civil unrest in Europe.

 

Business/Economics, International, U.S.

What Economic Recovery? Japan to help bailout Greece, it’s an effort to save the Japanese car industry

September 27, Japan’s Finance Minister Jun Azumi, said Japan is ready to help Greece, possibly by buying more Greek government bonds.

However, Japan is a little cash strapped itself and is hoping the Europeans do something quick, to turn around the collapsing European economy. The reason; Japan’s car industry is relying on a European, as well as U.S., economic recovery.

Chairman Toshiyuki Shiga, of the Japan Automobile Manufacturers Association, said that the falling value of the Euro, and the U.S. dollar, is driving up the value of the Japanese yen, which is making Japanese cars to expensive to sell.

Most of Japan’s national income is made by selling products to other countries (exports), and since the March 11 disasters the yen has been going up in value causing huge drops in demand for Japanese products.

Japan is hoping to see the Euro and U.S. dollar go up in value, which would make Japanese products more affordable on the world market.

Business/Economics, International, Opinion

What Economic Recovery? Britain wants the European Union to collapse

Discussions within the U.K. Parliament reveal that British leaders are hoping for a quick end to the European Union via a Greek collapse.

Former Foreign Secretary Jack Straw said, concerning the Euro: “…is going to collapse…” and “Is it not better that this happens quickly rather than a slow death?”

Current Financial Secretary to the Treasury, Mark Hoban said: “I am not going to comment on whether the eurozone will remain intact or not. Clearly, this crisis demonstrates the huge strain the eurozone in under. That is why it was right for us to stay out of the eurozone.”

Current Prime Minister, David Cameron said: “We were not involved in the first bailout of Greece; we don’t believe the European financial mechanism should be used in any way.”

Conservative Member of Parliament, Anne Main said Greece “…should be allowed to depart peacefully from the eurozone.”

Current Chief Secretary to the Treasury, Danny Alexander, said the U.K. would not help Greece:  “The package for Greece that is already in place is a eurozone package with the IMF.  It’s the eurozone that is taking forward discussions now about the next stage of dealing with Greece’s substantial problems.  There’s simply no proposition on the table for the U.K. to contribute beyond that IMF involvement and I don’t expect there to be one.”

When you take what the British leaders are saying, along with the International Monetary Fund’s warnings that the default of Greece will lead to a collapse of European Union, then it definitely looks like the British want Greece to default.  Historically the British never really liked the concept of the European Union.