When Eurozone collapses, what next? (feels more when than if)

Ha ha

For facts, look to the Daily Mail.

The is straying into David Icke territory now. Better to read the ft and arm yourself with the facts than drift into conspiracies

As they look down from their ivory towers, the contempt they feel for the public is palpable. They don't even hide it, they drop all their artifice and spin, they come right out and say it and don't even feel it's a sin.

It really is 'catastrophic' for Greek people, but Christine Lagarde has little sympathy for their 'catastrophic' plight

www.guardian.co.uk/world/2012/may/25/payback-time-lagarde-greeks

I bet it is different when it comes to the polar bear.

It makes you wonder if the 1972 elite Club of Rome's' green, environmental 'Limits to Growth' report was the precursor to the 2012 'Limits to Living Standards' austerity programme.

Everywhere you look, you hear the elite using the word 'catastrophic'. It's 'catastrophic' for the public as we can see in Greece and Spain, but do the elite experience the same?

www.guardian.co.uk/environment/2012/jun/18/rio-20-prince-charles-earth-summit?newsfeed=true

Correction, it is not a doctors' strike, it is industrial action.

It makes you wonder why we really have such a crisis where doctors sadly feel they have to go on strike for the first time since 1975.

It makes you wonder whether the austerity was created artificially so that politicians could do what they needed to do.

It makes you wonder whether the Lehman bankruptcy in 2008 was also a "crsisis moment" so that politicians could do what they needed to do. It makes you wonder whether it was artificial and created at a certain moment in time for a certain purpose. It makes you wonder why the ratings agencies and regulators and pension funds and hedge funds and high rollers did not foresee it.

It seems that the issues are political and not financial. So the sovereign debt crisis is not an economic issue, but a political one.

And in order for the politicians to do as wished, then there may need to be a crisis to put the frighteners on, so that the headlines scream panic and so that some politicians can pound the pulpit and tell the public that the "tipping point" has been passed and we only have 50 days left to save the entire economy and save the world. It's a shame we haven't got a statesman like Gordon Brown at this time of crisis.

I have no idea who the real elite are. If I or anyone else knew, then they wouldn't be the real elite.

It looks like there may be more bad news until politicians do what some people feel they need to do.

'European policy makers are unlikely to solve the region?s sovereign-debt problem unless they have a crisis ?moment? like Lehman Brothers Holdings Inc.?s 2008 bankruptcy, said Gary D. Cohn, Goldman Sachs Group Inc.?s president and chief operating officer.

?My personal view is we?re going to need a moment? because the issues are political, Cohn, 51, said in an interview with Erik Schatzker on Bloomberg Television?s ?Market Makers.? ?Politicians sometimes need the moment in order to do what they need to do.?'

www.bloomberg.com/news/2012-06-20/cohn-says-europe-needs-lehman-like-moment-to-spur-action-1-.html

People tell us that it is China. But I don't believe that. They don't have teh real power. How many meetings have we seen between the Chinese leader and Angela Merkel? I can't remember many recently, but everybody wants to meet and talk to Merkel, and she is the center of discussion at the G20.

The Bank of England is now going to loan over £100 billion to the banks in the hope that they will lend it to businesses. That suggests that the banks don't have that kind of capital.

Or China

We know that many of the banks need recapitalisation and Germany is supplying money that is used by Greece and Spain to recapitalise their struggling banks.

'Do any such funds actually have assets that could be realised'

I doubt that they do. We are talking hundreds of billions, even trillions. It is not pension funds and bankers who have that sort of money available or even invested. Only governments, like Germany, have access to those types of funds.

So the much-bashed bankers are the ones that need to be courted?

Do any such funds actually have assets that could be realised, used in the ways you suggest, and are actually sufficient to do even a proportion of the tasks listed for even one country? Let alone all of those which are struggling?

We don't know who they are. Bilderberg are only functionaries; CEOs and bank chiefs and politicians. None of these people are in permanent power or have permanent wealth. Politicians come and go, and can lose their seats or offices; the Fred the Shreds, even with knighthoods for "services to banking" come and go too. The real elite remains in permanent power and has permanent wealth.

So who are these 'Elites' if they are not the Market and are not politicians? What's actually in it for them? Are we talking Bilderberg here?

Yes, I agree, amillionyears. The politicians enact the laws and pass the bills. The money markets apply the pressure and the elites pull the strings.

Cameron says it is make or break for the Eurozone, they must take action for closer fiscal union NOW! The crisis is upon us, there is no time for delay, now is not the time for any reluctant politician to ask awkward questions, hesitate and sway.

But the elites are higher up the food chain than the money markets,or are part of the money markets,or at least know how they work and react.
The politicians,on the whole,are further down.

I even think the markets are part of the trick. I seem to remember markets tumbling and headlines screaming and pundits pounding the table and demanding immediate action to stem the flow, and politicians on podiums saying the time for a deal is now, " we have passed the tipping point" and if we do not take action then we all face a catastrophic financial climate. And then when the conference ends and the deal has been struck, then the markets rise again and the polar bears sleep easy in their beds at night.