Monday, November 28, 2011

Brits See End of Euro

The British Foreign Office is making plans to help ex-pat Brits if the Euro goes down, which is now viewed as a certainty. The British Treasury Ministry confirmed the plans and made an interesting comment:

"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." (emphasis added).

The fall of the Euro will have a major effect on this country as well, particularly if our big banks have heavily invested in Eurozone bonds. More importantly, it can happen here too and the probability goes up every day that the Feds do nothing to halt our runaway spending.

www.telegraph.co.uk/news/politics/8917077/Prepare-for-riots-in-euro-collapse-Foreign-Office-warns.html

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