Euro Has Only a 20 Percent Chance of Survival

Living Standards Must Fall By 15% to Save the Euro

The euro has only a 20 per cent chance of survival

December 31,2010

Daily Express - The euro has only a 20 per cent chance of survival, a leading think-tank warns today.

It is possible that the eurozone may not even survive next year according to the Centre for Economic and Business Research.

Chief executive Douglas McWilliams said the euro has an 80 per cent chance of failing in its present form in the next 10 years. He said living standards would have to fall by about 15 per cent in the weaker economies and Government spending slashed if the single currency was to survive.

Mr McWilliams added:

“There is no modern history of falling living standards in peacetime on the scale necessary to keep the euro in its current form.

“Indeed the scale of the cuts necessary was only just achieved in wartime. That is why I think there is at best a one-in-five chance the euro will survive as it is.”

The CEBR warned that the financial problems which have crippled Greece and Ireland will spread to other European countries mired in debt. In a report released today, they say there could be another eurozone crisis in the spring — “if not before” — with Spain and Italy in the firing line.

Mr McWilliams argued that in order for the currency to survive as it is German growth needed to be sustained at more than three per cent for the next four years. He added that living standards in Ireland, Greece, Spain, Portugal and Italy needed to be drastically cut and Government spending in those weaker countries would have to be reduced by 10 per cent of GDP.

He said there was an outside chance the euro could break up within the year, although this is unlikely because of the political will in France and Germany. However he warned that even if the euro survived 2011 it will be the year the currency “weakens substantially” against the dollar.

The report adds weight to the Daily Express crusade for Britain to pull out of the EU altogether.

A deepening of the eurozone debt crisis would hit the UK hard because it exports heavily to the Continent. And taxpayers could be asked to contribute even more cash to struggling countries than the £7billion already pledged towards the bail-out of Ireland.

The report also offered a sombre outlook for Britain, warning that a double-dip recession is “well within the bounds of possibility for the UK” as austerity measures take their toll in 2011.

The stark report comes a day after credit ratings agency Moody’s branded the eurozone the “weakest link” in the global economy.

It said the most vulnerable countries using the euro will be forced to default on debts, despite austere spending cuts.

Moody’s experts said:

“Europe remains the weak link, not just because of its sovereign debt crisis but also because even its fiscally stronger states – France, Germany and the UK – are tightening fiscal policy.

“With growth still low this could push the region’s more vulnerable economies into recession.”

Yesterday, the Institute for Public Policy Research also warned that problems within the eurozone would lead to a flood of EU migrants coming into Britain.



Alex Jones interviewed Lindsey Williams on December 15, 2010 (video above). Williams told Alex that he’d learned recently from two of his longtime friends, both retired top executives of major oil companies, that the price of crude oil, now rising again, is slated to move to $150-200 per barrel soon. According to Williams, the equivalent price of gasoline at the pump should range then between $4-5 per gallon. In fact, the price for drivers in California is about four dollars already, he said. Williams also told Alex that one of the execs said that the Euro is slated for collapse soon, although at an unspecified time; and once this happens, the dollar will collapse within the next two to three weeks (at 10:20 in video above), wiping out tens of millions of Americans financially, presumably within a few days or a few weeks. Lindsey emphasized once again, as he has done on all his interviews with Alex over the years, that he knows these executives very well and trusts their information because these predictions are always on target and on time. For this reason he implored Alex’s listeners to get prepared now for collapse of dollar and do whatever will be necessary to survive and then live through this debacle.

Lindsey Williams - Once the Euro Collapses, the Dollar Will Follow Within 2-3 Weeks

Editor's Note: All interviews that I have listened to with Lindsey Williams seem to be him endlessly rambling on about the same few points without listing the 12 things we need to do to prepare for the coming collapse, according to his elite insiders. He was on the Alex Jones Show again on January 19, 2011, and again he never listed the items (which he now says are 13 things to watch for), even after a caller asked him specifically what they are. Now I question his credibility (is he just trying to sell DVDs?), and I wonder why Jones did not direct Williams to answer the caller's question (at 46 seconds into the last video of this post; also go to the video above the last one and see how Williams cuts himself off with six minutes remaining, 31:25, to avoid giving more information, which he does not seem to have, and to encourage listeners to buy his DVDs). Some people think that Jones and Williams are shilling for each other at this point, edifying one another and helping each other sell advertising and merchandise.

December 24, 2010

GodlikeProductions.com - I will keep this update brief.

Lindsey Williams was on a couple of shows late last week and this week, and he continued to explain what he was told by his two elitist contacts:

1. Euro collapse - The European Union will continue to have problems. These problems will lead up to the Euro currency collapse. Yes, the members of the Euro will no longer be able to service their debt.


2. Dollar collapse - Two to three weeks later the dollar will collapse. This elitist said that the Euro collapse will be the signal as to when the dollar will collapse. The elitists want the Euro to collapse first. He said Americans will only have 2-3 weeks to get out of all paper. His contact warned that they had been sending signals that retirement plans would be nationalized or confiscated, but that nobody learns to listen to the elite’s “buzzwords.”
   
   Williams’ contact stated that the Developed nations will have to pay 27% of their entire economic output in 2011 on payment of interest only on the debt and they will no longer be able to service it.


3. At this point and perhaps sooner the stock and other paper markets, such as banking, bonds, and futures, will crash. A security was only worth the paper it was printed on. He was warned that anyone should pay taxes and penalties on deferred money, since they will lose it anyway.


4. Gold and silver in physical form will provide the only opportunity to preserve net worth. His contact said that there are 107 million ounces of silver in inventory at the COMEX and London vaults, yet there are claims of 720 million ounces. His contact said that there will be failures on the gold and silver futures markets.
   


5. Oil will go to $150-200/barrel over the next 6-9 mos. The elite want $200, if possible. Lindsey was first told this in October when oil was “only” $80. About two months ago, after the warning from Lindsey Williams, I placed a sizeable bet on the oil price itself and have already made handsome profits. We are still only in the top of the second inning. December 23 close, marked the end of the first inning.


6. All mortgages would be "bought" via monetization by the elite using their US FED. Real estate is still a horrible investment. At this point hard assets would go ballistic.

This is very sobering, indeed. But an objective person understanding this can become well off by placing money in key investments and sectors, and by getting money out of retirement plans.

Recall I read and heard that confiscation of retirement plans was on the table. That was November 2008. This should have been a wakeup call to the people to start liquidating retirement plans. This would give 4 tax years — 2008, '09, '10 and 2011 to scale out as to minimize tax ramifications.

Nobody has. Indeed, most have continued to add to retirement plans.

When will this be? Williams' contacts did not give a time frame, but based on my economic expertise and objectivity, most likely the currency collapses will take place in early to mid 2012.

Why are these things certainties? All the elite need to do at this point to unravel things is to bring oil to $150-200. This will happen, thus everything else will follow as a result.

A person who understands should be:

a) Very long physical gold and silver,
b) Neutral on the dollar as the dollar will outperform
c) Long oil assets,
d) Out of all debt even mortgages,
e) Cash rich for now,
f) Liquidating retirement plans.
g) Scaling out of paper investments like the stock market and IRA, etc.

How many people are doing these? Not many....