Bank of England Prepares Plans for Euro Collapse!

• The world is heading towards a global economic, financial and monetary meltdown. The detonation will start in the PIIGS, spread to the rest of Europe, UK, Japan … USA. Major fiat currencies will collapse: Euro, UKP, JPY … and finally the USD. I do not believe minor fiat currencies will be unaffected by the hyper-inflation onslaught! All fiat currencies are going down the toilet bowl of currency debasement, currency wars! Got physical gold yet?
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  Bank of England prepares plans for euro collapse! 
  By  Robert Winnett, http://www.telegraph.co.uk/ 
  The Bank of England is poised to cut interest rates or launch another round of   quantitative easing if the euro collapses, it emerged on Monday.
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  A senior official for the Bank said the measures would “again play [their] part in mitigating the impact” of Greece or other countries   leaving the single currency. The comments come after the head of the IMF suggested last week that British interest rates may have to be cut to zero if the economic situation   deteriorates.
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  The Bank has already completed a quantitative easing programme, effectively printing more money worth £325billion and this may be extended again. Yesterday, David Cameron hosted a meeting with Sir Mervyn King, Governor of the Bank; Lord Turner, the chairman of the Financial Services Authority; and the Chancellor, to discuss contingency plans to deal with the collapse of the euro.
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  There is growing speculation that Greece may be forced out of the euro following new elections next month, if a coalition government cannot be formed that will back austerity measures.
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  In Britain, ministers have already overseen extensive contingency planning to prepare for the possible impact of the break–up of the euro. This extends from asking banks to insure their holdings in Greece to considering new border controls to prevent a wave of immigration from beleaguered European economies. A disorderly eurozone break–up could spark another deep recession comparable to that caused by the banking crisis.
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