Are Americans Ready For Europe’s Collapse?
By: Rick Ackerman
7 November 2011
“Get off your dead ass and onto you dying feet!”
Those of you who spent your wayward youth as part of the Corps can remember your First Sergeant bellowing these words, as you ended a rest break half way through a 50-mile hike at Camp Lejeune on a hot August day. Guess what? Europe is about to become you new First Sergeant.
Europe is headed for a major depression … like the good old days of 1929! The Great Depression lasted over a decade in the U. S., even with all the market and job creating stimulus FDR could beg, borrow and steal from Congress. It took World War II to get us working again. Then, if we, our allies and even our enemies, hadn’t bombed just about every factory and storage facility in the world, leaving the U.S. with the only working factories and cargo fleet intact in the world, we still might not have gotten out of it. The Great Depression could easily have gone on for decades and decades.
If Greece thinks they deserve a 100% haircut on their precious bonds and opts out of the EU, you can bet half the banks in Europe and a few in the U. S. will tank. This will be quickly followed by Italy, Spain, Portugal, and Ireland — by then the EU will be the smoking wreck that Europe was in 1945. This will quickly spread to Asia (where will China, Japan, Vietnam, India, etc. sell all their crap?). The U. S. will be caught debating how much to borrow so it can hire every citizen as a government employee.