THE CONCURRENT COLLAPSE OF THE EURO AND HUGE WAR IN THE MIDDLE EAST IS STILL ON

Despite all the talk in Brussels a month or so ago, at which Bilderbergers met to save the Euro and Gollum presented a ten year plan to get Eurobonds established, the collapse of the Euro, at the moment, is looking likely. Germany cannot ratify the ESM until September 12th at the earliest. Meanwhile today Spain's yields were 7.5% while on Friday they were at 7.284%.

The Italian government and the European Commission have activated crisis units to face an expected panic sale on Monday, July 23.

Yesterday, Italian and Spanish bond and stock markets plunged, and the spread went back at record height. Spanish 10-year bond yields rose to 7.284% yesterday, and Italian yields climbed above the 6% mark. The stock markets plunged 4.7% in Spain and 4.4% in Italy.

The Italian government has cancelled a bond auction scheduled for Aug. 14, but at the end of the month about EU31 billion must be somehow refinanced. Projections say that at current rates, Italy shall pay an additional EU15 billions on debt service by 2015 (almost EU100 billions in total).

[source : "Contagion" Hitting Spain, Italy; Euro Cannot Be Saved, LPAC, http://larouchepac.com/node/23422, 21/07/2012]

The Euro itself has today lost significant value against several major currencies.

Between now and September 12th there is a little sporting event called The Olympic Games, which I am now concerned is going to be the subject of a false flag attack to be blamed on Hezbollah and/or Iran and/or Syria.