Jim’s Mailbox

Posted at 10:53 PM (CST) by & filed under Jim's Mailbox.

Dear CIGAs,

Once this was almost unthinkable, now it is increasingly plausible

Things are escalating faster than I thought; maybe faster than anyone was expecting.

I remember reading many warnings here about this.

I am buying more gold and gold shares

CIGA Luis Ahlborn Sequeira

Prepare for riots in euro collapse, Foreign Office warns
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
By James Kirkup, Deputy Political Editor
10:00PM GMT 25 Nov 2011

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.