Saturday, August 6, 2011

BLACK MONDAY MIGHT PUSH ITALY AND THE EURO INTO THE ABYSS

Italy could tip euro into abyss

The relentless plunge of financial markets will lurch into a more dangerous phase that could take the global economy over the brink of disaster, unless the European Central Bank starts to buy up Italian debt.
HERE'S A GLOOMY SCENARIO:
  1. ITALY GOES UNDER - AND TAKES THE EURO WITH IT...
  2. THE USA CONTINUES DOWN INTO A DEEP RECESSION...
  3. BOTH HURT CHINA'S EXPORTS AND THE CHINA BUBBLE BURSTS.
FROM THESE THREE (RIGHT NOW LIKELY, IF NOT UNSTOPPABLE) EVENTS, THE WORLD WON'T SOON RECOVER.

WHAT VOLUNTARY ACTS CAN STOP IT?
  1. OPEC DECIDING TO SELL A BARREL OF OIL FOR $35.
  2. CHINA LETTING THEIR CURRENCY FLOAT.
  3. AND OBAMA'S RESIGNATION.
NONE OF THESE ARE LIKELY.

SO THEN WHAT?

BUY A SUPPLY OF WATER, FOOD AND BULLETS.

TOTTENHAM MAY BE THE FUTURE.

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