The distinctively colored Financial Times' Wolfgang Munchau has reinforced what I said on Saturday.
It's not just about bonds. It's about timing it for when they'll meet the least resistance. It's a plan. It has no life of its own other than what the Bormann group and its financiers gives it:
Dies Natali Invictus... the staged collapse draws neigh
As I warned, they're planning this for when the people are drunk with Christmas sloth and the scent of plastic. Because they don't dare cheat themselves out of profits, the Germanic and Jewish families are either aiming for the next two weeks, or between the 25th and the 1st of January for their trap to be sprung.
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.
Recent Foreign and Commonwealth Office instructions to embassies and consulates request contingency planning for extreme scenarios including rioting and social unrest...
Diplomats have also been told to prepare to help tens of thousands of British citizens in eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.
Banks better be prepared and not feign that they didn't know or they'll reap what they sew. The plebs are awake; that's their money.
As always, they'll have their limits.
European stocks also jumped, led by financials, as officials said Germany and France were exploring radical actions of securing deeper and more rapid fiscal integration among euro zone countries.
It's just the same cyclical sham of bounce and fall that I said on Saturday they use to buy time they need, as they admit.
Why does it matter to you ?
If the European summit could reach a deal on December 9, its next scheduled meeting, the eurozone will survive. If not, it risks a violent collapse. Even then, there is still a risk of a long recession, possibly a depression. So even if the European Council was able to agree on such an improbably ambitious agenda, its leaders would have to continue to outdo themselves for months and years to come.
It's a staged, two part collapse as those of us who knew said all along.
SPQR
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