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Tuesday, November 29, 2011

RED ALERT

Europe days away from 'apocalyptic' debt crisis

"If the European summit could reach a deal on December 9, its next scheduled meeting, the eurozone will survive. If not, it risks a violent collapse," writes Wolfgang Munchau of the Financial Times (www.ft.com/intl/cms/s/0/d9a299a8-17...). Two years ago, such language would have been spat upon as "doom and gloom fear mongering." Today it is the mathematical reality across the European Union.

The Polish foreign minister said today that what Europe faces is "a crisis of apocalyptic proportions" (http://www.ft.com/cms/s/0/d29da7fc-...) and urged what is essentially more useless debt bailout tactics to try to delay mathematical reality a little while longer.

After the coming debt implosion wreaks economic havoc across the globe, more than a few banksters and money-changers will find themselves objects of oprobium when the full realization of the unprecedented theft and criminality of the global banking elite hits the 99%.

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