‘Endgame’ For Eurozone Approaching Fast, Warn Analysts!

• The Eurozone is about to collapse. It will bring down the rest of the world. All fiat currencies are destined for the toilet paper graveyard. This is the Illuminist endgame. How do you get the world to accept a One World Currency? By destroying all fiat currencies via hyperinflation. This One World Currency will be backed by gold to give it legitimacy. The Illuminists will force their new Financial-Monetary hegemony on the world. Countries who oppose this coming Luciferian New World Order will be bombed to bits. The IMF is slated to be the Supra-National Global Central Bank. ‘666’ is next ! (emphasis mine)
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  ‘Endgame’ for eurozone approaching fast, warn analysts
  by Max Julius, http://citywire.co.uk/money
  Divisions at the European Central Bank (ECB), a torrid month for equities, fears over French banks and talk of an imminent Greek default – among other things – have led analysts to predict: the eurozone project is fast entering its ‘endgame’.
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  ‘September is likely to be a defining month for the euro area’s destiny,’ wrote Julian Callow, chief European economist at Barclays Capital. Strategists at JP Morgan, for their part, have pointed to ‘a growing sense that the crisis is reaching a climax’, saying that the ‘endgame on EMU [European Monetary Union] is approaching fast.’
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  And Jim O’Neill, chairman of Goldman Sachs Asset Management, warned: ‘Not only does it seem as though something “big” has to happen with Greece pretty soon, but something “big” needs to happen for European bank capital, the clarity and determination of ECB policy making and, most importantly, where Germany wants to lead EMU.’
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  Greek default ‘more or less unavoidable’
  O’Neill’s comments came shortly before German Chancellor Angela Merkel tried to quash talk that a sovereign default by Greece was at hand, saying policymakers were using all the tools they had to prevent such an event.
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  But Barack Obama, US president, has reportedly voiced concerns over the ability of European leaders to tackle the crisis – and his treasury secretary, Timothy Geithner, will take the unprecedented step of attending a meeting of EU finance ministers on Friday.
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  Following the talks, Greece’s international lenders are set to write a fifth ‘progress report’ on the debt-ridden nation. Without positive comment, the payment of the next tranche of over €8 billion (£6.9 billion) would be impossible, noted Lutz Karpowitz, strategist at Commerzbank, in which case Greece would be unable to meet its obligations in October at the latest.
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  ‘The question of whether or not Greece will default is pretty much solved for the financial markets, though,’ he added. ‘From the point of view of the markets, a short-term default of Greece is more or less unavoidable.’
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  Concern over the impact of such a move on French banks, amid speculation that Moody’s will downgrade the lenders on Thursday, has sent their share prices down sharply in recent days.
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  Elsewhere, Italy’s borrowing costs leapt on Tuesday, with the yield – or implied interest rate – on benchmark 10-year government bonds rising as high as 5.77%, approaching levels regarded as unsustainable. The jump came as the country was forced to pay higher prices to sell new five-year notes after demand dwindled, and following the departure of a senior ECB official amid divisions over the bank’s programme of purchasing eurozone government paper.
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  Strategists at Morgan Stanley cited the spread of sovereign debt concerns to Italy as ‘a significant escalation’ of crisis. ‘It gives credence to the concept that the periphery is infecting the core, as opposed to the core bailing out the periphery,’ they said.
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