Wednesday, May 16, 2012

Is the World About to Unravel?


The bank runs have started in Greece.  We are guessing they may soon start running in Spain.  We simply don't know what it is going to look like if  all of Europe starts to unravel.  We are guessing that if you were a European citizen, you would be trying to figure out where the "least worst" place really is...and you would try to get your money into that country and its banking system.

If that is true, then we will expect the people of Europe to start removing their money from poor countries and try to get them into German banks.

Remember friends, the Bible clearly tells us that there will be some type of 10-nation coalition that will rise out of Europe in the very last days.  The Antichrist will then come out of some 11th nation and will gain control of the other 10.  So the Bible clearly says that the Euro will have to come apart in some way to shed most of the nations that are currently in it.

May 16, 2012 ATHENSThe bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing. If you had money in a Greek bank, why wouldn’t you pull it out? If Greece leaves the euro, all euros in Greek banks will likely be converted to drachmas, and the value of those drachmas will almost certainly decline dramatically. In fact, it has been estimated that Greek citizens could see the value of their bank accounts decline by up to 50 percent if Greece leaves the euro. So if you had money in a Greek bank, it would only make sense to withdraw it and move it to another country as quickly as possible. And as the eurozone begins to unravel, this is a scenario that we are going to see play out in country after country. As member nations leave the eurozone, you would be a fool to have your euros in Italian banks or Spanish banks when you could have them in German banks instead. So the bank runs that are happening in Greece right now are only a preview of things to come. Before this crisis is over we are going to see bank runs happening all over Europe. A Greek exit from the euro would not only result in a run on Spanish and Italian bonds, but it would also likely result in a run on Spanish and Italian banks. Meanwhile, banks in other troubled European nations are already on shaky ground. The Spanish banking system is an absolute disaster zone at this point and on Monday night Moody’s downgraded the credit ratings of 26 Italian banks. The situation in Italy is especially worth keeping a close eye on. As Ambrose Evans-Pritchard recently noted, things are not looking good for Italy at all: Italy’s former premier Romano Prodi said the EU risks instant contagion to Spain, Italy, and France if Greece leaves. “The whole house of cards will come down”, he said. Angelo Drusiani from Banca Albertini said the only way to avert catastrophe is to convert the European Central Bank into a lender of last resort. Otherwise Italy faces “massive devaluation, three to five years of hyperinflation, and unbearable unemployment.” –ETF Daily

Here;  http://theextinctionprotocol.wordpress.com/

Can you begin to imagine the unrest that will take place when this massive social system begins to come apart?  How many people in Western civilization have any idea how to care for themselves if all the FREE HOUSING, FREE FOOD, FREE HEALTH CARE, FREE TRANSPORTATION programs suddenly come to a grinding halt?

Will a truck full of food be able to drive through Athens on it's way to it's destination if the people of Athens are hungry?

Would a truck full of food be able to drive through Kansas City on it's way to Minneapolis if our Food Stamp program becomes worthless?

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