Collapse of the EU, America, looks inevitable, unless…
The blogosphere has been crowded on recent months with warnings of the fragility of Greece, PIIGS (Portugal, Ireland, Italy, Greece, Spain), Eurozone, and EU. The possible collapse of the EU banking system, causing contagion that will likely engulf the Americas and Asia. These messages elevated background noise that has accentuated the pronounced volatility of the world financial, equity, and commodity markets.
In the turmoil of these tenuous times, GeoffTalk.com reader George Smith submitted a writing by Harvard Professor Niall Ferguson that addresses the inclination of world societies to collapse, rather than experience a gradual decline, and provides hope and advice for recovery.
We provide a link to this message for our readers’ consideration:
October 30, 2011 Niall Ferguson: How American Civilization Can Avoid Collapse – The Daily Beast: http://www.thedailybeast.com/newsweek/2011/10/30/niall-ferguson-how-american-civilization-can-avoid-collapse.html
Tip of the Hat to: George Smith
Geoff & John
Postscipt: November 4, 2011 Roubini predicts eurozone collapse; world markets will follow — RT: http://rt.com/usa/news/roubini-eurozone-collapse-world-587/
PS2: November 4, 2011 After Greece, Italy Could Be Next Focus for Markets – EU Business News – CNBC: http://www.cnbc.com/id/45145548
PS3: November 4, 2011 Humpty-Dumpty at the G-20: Can Europe put itself together again? – CSMonitor.com: http://www.csmonitor.com/World/Europe/2011/1104/Humpty-Dumpty-at-the-G-20-Can-Europe-put-itself-together-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fworld+%28Christian+Science+Monitor+%7C+World%29&utm_content=Google+Feedfetcher
PS4: November 4, 2011 Mish’s Global Economic Trend Analysis: Italian Bond Yields and Spreads at Euro-Record High; Massive and Growing 2-10 Inversion a Sign of Pending Portuguese Implosion: http://globaleconomicanalysis.blogspot.com/2011/11/italian-bond-yields-and-spreads-at-euro.html
PS5: November 4, 2011 Europe. Is. Finished. – Gains Pains & Capital – A financial investment newsletter published by Phoenix Capital Research:
PS6: November 4, 2011 Testosterone Pit – Home – Greece’s Extortion Racket Jumps To The Next Level: http://www.testosteronepit.com/home/2011/11/4/greeces-extortion-racket-jumps-to-the-next-level.html
PS7: November 4, 2011 BBC News – Q&A: Greek debt crisis: http://www.bbc.co.uk/news/business-13798000
PS8: November 5, 2011 Guest Post: The Collapse Of Our Corrupt, Predatory, Pathological Financial System Is Necessary And Positive | ZeroHedge http://www.zerohedge.com/news/guest-post-collapse-our-corrupt-predatory-pathological-financial-system-necessary-and-positive
PS9: November 5, 2011 The EU Debt Crisis has Not Been Solved: If Europe Financially Implodes it could take the Entire Financial World Down: http://www.globalresearch.ca/index.php?context=va&aid=27491
PS10: November 6, 2011 Debt crisis: Where do a rattled Greece and EU go from here? – CSMonitor.com: http://www.csmonitor.com/World/Europe/2011/1105/Debt-crisis-Where-do-a-rattled-Greece-and-EU-go-from-here?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+feeds%2Fworld+%28Christian+Science+Monitor+%7C+World%29&utm_content=Google+Feedfetcher
PS11: November 11, 2011 George Soro’s advice for the Eurozone – Chrystia Freeland | Analysis & Opinion | Reuters.com: http://blogs.reuters.com/chrystia-freeland/2011/11/11/george-soros-advice-for-the-euro-zone/
Plus, over 50 previous GeoffTalk.com postings since May 2011 have expanded on the subjects of Eurozone, Greece, Portugal, Ireland, Italy, Spain (PIIGS), Belgium, Germany, France, United Kingdom (UK), European Union (EU), European Central Bank (ECB), International Monetary Fund (IMF), US Federal Reserve Bank (FED), Organization of Oil Exporting Countries (OPEC), BRICS (Brazil, Russia, India, China, South Africa), World Financial Contagion, Derivatives, Credit Default Swaps (CDS), Collateralized Debt Obligations (CDO), Mortgage Backed Securities (MBS), US Debt Ceiling, Quantitative Easing I, II, III (QE I, II, III), Platinum, Gold, Silver, Oil, Peak Oil, Rare Earth Minerals, Commodities.