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They're trying to save themselves financially and economically. An entirely new Germany will emerge. "We believe that (it's) on the cusp of taking care of domestic institutions and problems and protecting" domestic investors over others in troubled countries.
In preparation, they're also protecting their banks. "At least six countries are going under, and all their debt will be worthless or near worthless."
Watch troubled Greece. When it goes, they'll "all go." If Greece doesn't get its (next infusion, it'll) happen quickly." Otherwise, it'll be delayed another six to 12 months.
US banks won't escape trouble. Bank of America will "probably (be) nationalize(d)." Heavy European exposure of other major ones means they'll all be greatly impacted. Convulsion will grip financial markets. "We could eventually have what looks like 1929 - 1933 all over again" after Wall Street crashed.
D-marks are being printed in preparation for "the greatest crisis to (grip Europe) since WW II. Moreover, bailing wire hold(ing)" Eurozone countries to the euro is "coming unraveled....The dream of Europe as the centerpiece for a new world order is over. There will be big government changes" across the continent as many insolvent banks are nationalized or shuttered.As Europe's strongest economy, Germany's preparing to save itself as insolvent countries fail. "This is truly how dire the situation is. Cost analysis dictates the end of the euro and perhaps....the EU."
Crooked bankers caused these problems, knowing bailouts will save the largest too-big-to-fail ones. Concerned French officials are following Germany's lead by printing francs just in case.
Unity perhaps works with equal partners. Unequal ones under common rules assures inevitable trouble, especially when finance capital giants engage in reckless speculation and massive fraud for short and intermediate term gains.
As conditions in Europe unravel, global reverberations will follow. Ongoing Depression crisis will worsen, hitting working households hardest everywhere.
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