Once the Euro collapse is complete, the focus will rapidly shift to the unsustainable debts of the UK and the US. All the capital that has been fleeing the Eurozone for the “safety” of the pound and the dollar will then flee for the only true safe havens, gold and silver. Europe is looking like it will not serve as a distraction for the US/UK solvency crises much longer.
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.
“It’s in our interests that they keep playing for time because that gives us more time to prepare,” the minister told the Daily Telegraph.
That last statement echos the thoughts of gold and silver stackers who are hoping for a little more time to continue accumulating.