BOE Mervyn King: Systemic Crisis Spiralling Out of Control !

• To get a sense of when the Illuminists will pull the plug on the Eurozone, keep an eye on their fiscal union drive and the actions taken to free the ECB from any restraints (ie. Eurobonds push will succeed eventually)! When they have achieved these 2 objectives, I believe the fireworks will start!
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• This is a complete takeover of European governments by Illuminist banksters! Moving forward it will not be via covert means that the Illuminati rules but overt expression of power. Satanism/Luciferianism will become increasingly visible!
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  Our whole system’s in crisis: Mervyn King warns mortgage rates are likely to soar and tells banks to slash bonuses 
  By Hugo Duncan and Jason Groves, http://www.dailymail.co.uk/
  – Sir Mervyn King warns eurozone crisis ‘beyond the control’ of any UK authority
  – Bank of England preparing for the worst case scenario
  – Downing Street says Britain is in the grip of a second credit crunch
  – But Governor says Britain’s banks are among the strongest in the world
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  Mortgage rates are set to soar as the Governor of the Bank of England warned the ‘extraordinarily serious and threatening’ crisis in the eurozone is damaging Britain.
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  The Bank’s financial policy committee said banks were facing higher borrowing rates and may try to pass this on within months – resulting in a ‘significant increase’ in lending rates. The sobering report came as governor Sir Mervyn King issued a dire warning about the threat posed to Britain by the euro crisis – because our banks have more than £500billion tied up in European institutions.
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  Sir Mervyn said the situation was spiralling out of control and deteriorating conditions in the markets were ‘characteristic of a systemic crisis’. ‘Faced with a crisis of the euro area system, we are seeing at first hand the costs of financial instability,’ he said.
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  … for more click here!
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  Bank says economic climate ‘extraordinarily serious’! 
  by http://www.bbc.co.uk/news/ 
  Banks should brace themselves to withstand the “extraordinarily serious and threatening” economic situation, the Bank of England governor has said. The Bank’s Financial Policy Committee (FPC) said the eurozone crisis was the biggest threat to the UK’s banking system. It said banks should build up their financial buffers to withstand that.
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  Bank governor Sir Mervyn King said the Bank itself was making “contingency plans” in case of a eurozone break-up. However, he would not go into any details as to what these were. Sir Mervyn said it did not make sense to say that there was “a single well-defined event against which we have to make contingencies”.
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  He said: “There are many ways in which the future could play out. Maybe it [the eurozone] won’t break up, maybe it will continue in various forms, but maybe there will still be questions of default.”
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  … for more click here!

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