Watch the European Bond Rates

The Bond Vigilantes are running riot through Europe, and countries besides the PIIGS are suddenly seeing their borrowing costs rise.  France and Finland have had very dramatic rises in borrowing costs.  The Netherlands is next, it seems, along with Belgium.

The powers that be in Europe are saying "more Europe is what we need, not less."  Yes, give the banksters in Brussels more power to print money.  That will fix everything.  It is doubtful whether the common people will accept "more Europe."  But what the common people want in Greece hasn't seem to matter to these folks, so maybe they will continue with that theme.

When Europe implodes, that will bring a worldwide stock market and banking collapse, along with deflationary forces.  Get ready.  It's coming.  It's probably 8 weeks away (let's get ourselves past Christmas before we blow up the world!)

The deflation will be severe, but relatively brief.  It will create the political will to create massive amounts of money.  Then we will have a great inflation in earnest.  Nimbleness is what is called for here.  You want cash and cash equivalents right now.  A well stocked pantry wouldn't hurt either.  Your bank could well be closed for several weeks "restructuring."  Keep gas in a gas can in the shed and keep the car full.  If you have firearms, load and ready them.

It's probably not going to be very nice, but you can tell your grandkids about  it.

It's coming.