Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.
Category Archives: Apocalypse
DOOMSDAY 2012: A New Age or a New World Order?
I see two events as the most probable for this date. A terrorist attack, which will bring with it the Dawn of the New Age of Man, or perhaps the collapse of the world economy, which would bring about the New World Order spoken of since the time of Woodrow Wilson’s presidency.
A terrorist attack of some sort may occur on 12/21/2012 and is most likely the event that world leaders are trying their best to prevent. After the events of 9/11, nothing would surprise me. The architects of the events of 9/11, Al-Qaida, planned the event to be carried out on 9/11/2001 as the numbers 911 refer to the phone number we here in America and other places as well, use to report an emergency. 
So if one or more terrorist organizations were to plan and try to execute an event on 12/21/2012, the supposed end of the world according to the Mayan calendar, it may not be as unexpected as one might think. Actually, the end of the Mayan calendar signifies the dawn of a New Age, not the end of the World as we know it.
Terrorist groups the world over 
have been trying to acquire nuclear weapons of any kind for some time now. We don’t know if they have succeeded in acquiring them, but I think if they did, our government would do something about it, and then that information would be made public, so all the World would know. And I’m not sure if that type of information would be disseminated to the general public, as it may have unintended consequences.
Panic and hysteria may ensue, and this may be the reaction that those involved are after.
So if someone or some group of people manages to create a disastrous event on this date, just how crippling to our world this event will be should be examined.
A concerted effort by radical terrorist groups Worldwide to act
in unison on this date would be devastating. Mass bombings of buildings and infrastructure around the globe would be extremely debilitating. The worst case scenario in my opinion would be the detonation a nuclear device, or even multiple devices, on a global level. This would spell doom for the entire Planet.
Iran has been actively producing nuclear material for some time now, according to them, for peaceful purposes, i.e. nuclear power generation. But many in the International community, the
United States included, think that they are trying to create a nuclear weapon. They have been hell bent on the destruction of Israel for decades, and this scenario on this date would create Armageddon. This definitely would bring about the Dawn of the New Age of Man. And it is a distinct possibility.
Now let us talk about the other possibility referred to herein, the New World Order.
The term was first used during Woodrow Wilson’s presidency, in reference to his creation of the League of Nations, a
precursor to the United Nations, following the devastation of World War I. The term was used sparingly at the end of World War II when describing plans for the creation of the United Nations, in part because of the negative association to the failed League of Nations.
The most widely acknowledged use of the term in modern times was by President George H. W. Bush of the United States and President Mikhail Gorbachev of the Soviet Union to define the post-Cold War era.
The New World Order, and its possible enactment, has been deemed a conspiracy by several different groups of people to, in essence, start over, and Capitalists have been accused of leading the charge.
You see money, in my opinion, is a finite resource, and there is only so much of it to go around. Many will disagree with this statement, and it is only my opinion, not necessarily a fact. Be that as it may, Capitalists, since the dawn of time, want to make ungodly profits on their investments, for a multitude of reasons. One only has to look at Exxon/Mobil for an example. Our planet is in the midst of a global recession, and their profits are in the hundreds of billions. Ungodly indeed.
Have you ever wondered why our government appears to prop up some third world countries? That’s because one or more American businessmen probably has a factory there, and it’s there because the wages paid to the work force in these countries are a tenth or less than the wages in the US. That makes it cheaper to manufacture and ship a product to the US than to manufacture it here because of our prevailing wages. And it allows the Capitalists the opportunity to make ungodly profits.
So here’s the conspiracy scenario. On December 21st, 2012, a disaster on a global scale befalls the planet. Whether it is a natural disaster or an intentional event created by some group of people with ulterior motives is yet to be determined. In short order, the world economy crashes, and transportation of goods stops. No ships to bring goods to America. The food supply will also be interrupted.
Then at some point in time, the government announces that US dollars are no longer a valid currency
and USA bucks, or some similarly named item, will replace them. At ten cents on the dollar. So the $10,000.00 US dollars in your savings account will only be worth $1,000.00 USA bucks. The majority of the population in the US will exchange their US dollars for USA bucks because that’s all they can do. Black market buying of USD will begin as independent entrepreneurs realize what is happening and try to get in on the scam.
Capitalists and the wealthy will not exchange their US dollars because they already know the scam. Then when all the available
US dollars are accounted for and replaced by USA bucks, then and only then will our government announce that we are returning to the US dollar as our only form of currency, and everyone will have to re-exchange their USA bucks for US dollars. Except for the rich and wealthy, who were in on the scam from the beginning and never exchanged their money in the first place. They will have prepared for the event by stockpiling food and water and anything else they would need to last them for five years or longer. And now their US dollars are worth ten times more than before.
And the rich get richer. And let us not forget, your wages will only be worth 10 cents on the dollar as a 9 dollar per hour minimum wage is now only 90 cents per hour. Similar to the wages in those third world countries. And everything starts over. And thus begins the New World Order. Or is it the New Age of Man? Hang on a minute, let me look at my scorecard.
I know it sounds crazy, but it could happen, couldn’t it?
Maybe. Maybe not. Anyway, let’s hope not.
Surviving the event begins next week, I promise.
GLOBAL ECONOMIC COLLAPSE – STARTING WITH GREECE
How shock waves will reach the US if Greece drops the euro
Greeks will have to wrestle with a crucial dilemma when they go to the polls for the second time in as many months on June 17 to elect a new government.
Greeks will have to wrestle with a crucial dilemma when they go to the polls for the second time in as many months on June 17 to elect a new government.
A Greek election on Sunday will determine whether it happens. Syriza, a party opposed to the restrictions placed on Greece in exchange for a bailout from European neighbors, could do well.
If Syriza gains power and rejects the terms of the bailout, Greece could lose its lifeline, default on its debt and decide that it must print its own currency, the drachma, to stay afloat.
No one is sure how that would work because there is no mechanism in the European Union charter for a country leaving the euro. In the meantime, banks and investors have sketched out the ripple effects.
They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades.
ACT I
What would Greece’s exit look like? In the worst case, it starts off messy.
The government resurrects the drachma, the currency Greece used before the euro, and says each drachma equals one euro. But currency markets would treat it differently. Banks’ foreign-exchange experts expect the drachma would plunge to half the value of the euro soon after its debut.
For Greeks, that would likely mean surging inflation — 35 percent in the first year, according to some estimates. The country is a net importer and would have to pay more for oil, medical equipment and anything else it imports.
Greece’s government and banks currently survive on international loans, and if it dropped the euro, the country would probably be locked out of lending markets, says Athanasios Vamvakidis, foreign-exchange strategist at Bank of America-Merrill Lynch in London. So the Greek central bank would need to print more drachmas to make up for what it could no longer borrow from abroad.
That’s one reason analysts say the switch to a drachma would lead the country to default on its government debt, possibly triggering losses for the European Central Bank and other international lenders.
Most assume foreign banks would have to write off loans to Greek businesses, too. Why would Greeks pay off foreign debts that effectively double when the drachma drops by half?
Say a small shop owner in Athens has a €50,000 business loan from a French bank. She also has €50,000 in savings in a Greek bank. The Greek government turns her savings into 50,000 drachma.
If the new currency fell by 50 percent to the euro as expected, her savings would suddenly be worth €25,000. But she would still owe €50,000 to the French bank.
European banks would take a direct blow. They’ve managed to shed much of their Greek debt but still held $65 billion, mainly in loans to Greek corporations, at the end of last year, according to an analysis by Nomura, a financial services company. French banks have the most to lose.