BROOKINGS: The euro zone is in serious trouble

The events of the past six months are consistent with a process of disintegration, while the process of integration has steadily weakened. The question is no longer, “Will Europe unravel?” We should be asking, “Can European disintegration be reversed?”

The trigger that brought integration to a halt and set disintegration in motion is surprising.

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How would you feel if you woke up someday and 40 percent of your life savings was suddenly gone?

Are the dominoes about to fall?

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Europe: from bad to worse

18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse

With each passing day, the banking crisis in Europe escalates. European banks are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of banks all across the eurozone. The situation in Europe is rapidly going from bad to worse. It is almost like watching air being let out of a balloon. The key to any financial system is confidence, and right now confidence in banks in Greece, Italy, Spain and Portugal is declining at an alarming rate. When things hit the fan in Europe, it is going to be much safer to have your money in Swiss banks or German banks than in Greek banks, Spanish banks or Italian banks. Millions of people in Europe are starting to realize that a "euro" is not necessarily always going to be a "euro" and they are starting to panic. The Greek banking system is already on the verge of total collapse, and at this rate it is only a matter of time before we see some major Spanish and Italian banks start to fail. In fact it has already been announced that the fourth largest bank in Spain, Bankia, will be getting bailed out by the Spanish government. It is only a matter of time before we hear more announcements like this. Right now, events are moving so quickly in Europe that it is hard to keep up with them all. But this is what usually happens in the financial world. When things go well, it tends to happen over an extended period of time. When things fall apart, it tends to happen very rapidly.

And at the moment, things across the pond are moving at a pace that is absolutely breathtaking.

The following are 18 signs that the banking crisis in Europe has just gone from bad to worse. . .

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The Spanish Domino

"We have at most a month before Spain drags down the entire EU..."

Things have gotten so bad that Spanish citizens are pulling their money out of Spain en masse: €65 billion left the Spanish banking system in March 2011 alone.

Spain Is About to Enter a Full-Scale Collapse

If Spain's crisis deepens Europe's recession, it could tip the entire world economy into a stubborn slump. The ramifications would be enormous, including: reduced odds of Barack Obama's re-election, assuming a weaker U.S. recovery; less political cohesion and more social unrest in Europe (even now, the European Union's unemployment rate is 10.2 percent); and growing pressures in many countries for economic nationalism and protectionism.

Spain is suffering a hangover from what economist Desmond Lachman of the American Enterprise Institute calls "the mother of all housing booms."

The Pain In Spain

17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions

Without a doubt, this is a German solution for a German-dominated Europe.  Germany does not want to pay for the debt mistakes of other EU nations, and so they are shoving bitter austerity down the throats of those that have gotten into too much debt.

But this solution is not going to be implemented without a massive amount of pain.

In fact, this solution is going to make a massive financial collapse much more likely...

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Like toast?

Under the radar:

Spain is toast. That's the solid opinion of a billionaire global investor I know with whom I met privately in Paris last weekend. The only European countries left standing financially when Spain and thus the EU-Euro enterprise goes under are Germany, Denmark, and Holland - plus non-eurozone countries like Norway and of course Switzerland. There's a chance Italy might barely squeak through, but likely not the UK, and France is broke.

We'll always have Paris, and Europe too - but the EU-Euro game is soon to be over.

Oh - and my billionaire friend (whose $20B private equity fund is averaging 68% returns, so he knows what he's doing) won't touch investing in China with a 20-foot pole...

Nigel Farage: man on fire

If you watched Glenn Beck Monday night you will definitely remember UKIP leader Nigel Farage who survived an attempt on his life May 6 and lived to thrill freedom lovers everywhere when he told off the European Parliament last October.



Today he warns us that the EURO empire is collapsing!

Obama and Soros rule the world

In a recent post, Obama, Oil and Treason, I included Glenn Beck's analysis of "Crime Inc" which documents how George Soros (who switched his loyalties to Obama from Hillary and helped get him elected) and Obama are closely coordinating the circumstances surrounding the Gulf oil spill disaster to benefit George Soros's massive investments in Brazilian oil (towards which Obama has pledged several billion dollars of your hard-earned tax dollars).

Now take a close look at how these two are coordinating their pressure on Germany in the crisis of the "euro" and those collapsing economies in Europe: Soros tells Germany to step up to its responsibilities, or leave EMU

You gotta love these guys, right?

THE END: Sarkozy and Merkel are preparing for the collapse of not only the Euro, but of the European Union itself

From the David Horowitz Freedom Center: Europe’s Finance Ministers Panic: The Euro Continues to Go Down

Internationally, the fear of a double-dip recession--and a global depression--is palpable...

SOCIETE GENERALE PREDICTS COLLAPSE OF EURO