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Guest Post: New Kitco DEM Page Lets Rumors About Germany Abandoning the Euro Fly
Submitted by The Prudent Investor
A web page of precious metals prices provider Kitco.com
has sparked rumors that Germany will leave the Eurozone and reintroduce
German Marks, sending gold to a new record of $1,244 and silver to a
multi-year high of $19.64.
It is this half-ready page shown below that has created excitement as it lists precious metals in Deutschmark units.
German website Silber.de had another market-sparkling comment from a forum participant who said goldprice.org has reintroduced a DEM option since about a week. Check it out here.
And
there is still more material feeding the rumour. German leftist
politician Gregor Gysi announced on TV that there may be an important
announcement to be made on Friday. The video below is in German.
In a literal translation Gysi did not say that Germany will
reintroduce the Mark but made a curiosity-inspiring statement, saying
that there may be some very important news that will be announced on
Friday.
The hottest trail can be found at website godlikeproductions.com. A poster
claiming to be an employee of Deutsche Bank wrote that the bank
received a container full with new German Marks banknotes and coins.
He wrote he will publish a picture of the new Marks on Thursday
morning. He also said the currency change would happen this weekend
with German chancellor Angela Merkel scheduled to give a speech to the
nation on Friday evening.
claiming to be an employee of Deutsche Bank wrote that the bank
received a container full with new German Marks banknotes and coins.
He wrote he will publish a picture of the new Marks on Thursday
morning. He also said the currency change would happen this weekend
with German chancellor Angela Merkel scheduled to give a speech to the
nation on Friday evening.
As we see the rapid destruction of
the next fiat currency - all of them have failed in the past 3
centuries - rocketing precious metals prices prove once more there is
no other safe haven when the going gets really tough.
the next fiat currency - all of them have failed in the past 3
centuries - rocketing precious metals prices prove once more there is
no other safe haven when the going gets really tough.
»
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You have repeated this statement many times.
I am concerned that you are working on behalf of the enemy, I'll explain why.
By using an avatar that would be offensive to most women, you may be pushing out at least 50% of the population that could be interested in coming to ZeroHedge to gain valuable information. Due to religion, many people are trained to "run from temptation" so ZeroHedge is also losing many individuals that have some character and values that believe by lusting after another woman you are already guilty of adultery in your heart.
Others may not be offended by the picture itself, but may be concerned about sharing this website with others that are in any way professional - as your avatar could reflect poorly on all of us.
This is an easy way to discredit the entire membership, in the same manner that the SEC is now discredited by surfing for tranny porn. Every time we go to this site, the opposition can just say that it is a crackpot site with pornographic images - this discredits the message. By responding first, your porn will drive many away from reading the rest of the comments. What if the picture is of someone that is under 18? I would rather build a bigger tent (no pun intended).
If you care about the message, I highly suggest changing your avatar and would be interested in the thoughts of Marla, TD, and the ZH faithful on this important point. If there is moderation on the comments, there should be moderation on the avatar.
You are doing the Goldman Sachs lord's work, and there are many agents of the bankers on this site posting comments. The most comical is JW in FL who uses a pirate like jolly roger flag while attempting to talk down gold and silver - that is a fake pirate since pirates love pieces of eight and doubloons.
Someone junked you, but FWIW, I agree.
Well said AN.
I agree too. The avatar is pointless. Almost every site that allows images (such as ebay) screens what images are uploaded. Although my avatar is highly judgemental, and thus I am bordering on the edge of appropriateness and therefore guilty of sinning too, I think that an avatar of a naked person clouds the message he is trying to get across and overshadows anything he types.
Well said AN, +10
Back on topic, Kitco had a Deutche Mark page until 2002, when Germany switched to the Euro. They've been online since 1995.
http://web.archive.org/web/20070510213143/http://www.kitco.com/market/dm...
Although it would be nice to see them switch, my thought is it won't happen.
You beat me to it. Hmm... Makes you wonder why they are cranking up the rumor mill (and why ZH is participating).
Some gold blogs I follow are (naturally) getting right bubbly. Could be a pump and dump brewing.
If so, I'm a weight buyer! After the dump, of course.
God I wish, looking to back up the truck on physical fairly soon. Need a last pullback and then I'm set and can just stack as a pastime with the core in place.
I don't think you will see a significant pull back untill we pass 1350 and then it will only be to like where it is at now essentially or slightly higher.
I'm sure you are right about this. Glad someone put on their thinking cap. That said Gold/Silver to the Oort Cloud and beyond!!!! (I expect a temporary pullback/correction starting as soon as tomorrow).
I want to believe, but I can't believe it. You couldn't hide something like this if more than two people knew. Hell you would see massive shorting of the Euro and possibly the dollar.
I doubt he's working for the enemy. Just lacks class.
That's entertainment.
AN,
Good discussion topic. As a female, I have really mixed emotions about the avatar. I am a strong believer in freedom of expression. I also believe that there is nothing bad or gross about my body. I wish folks would get over their hang ups. I have given birth to a child and I can tell you women are not macho because we don't have anything to prove. We are as tough as they come. My midwife and I had a great laugh about that afterwards. The vagina is a source of life and powerful.
So there is a way I can interpret the avatar as cultural critique or desensitization and a positive thing.
Now, however, I must get real. Everything AN said is just true. Folks do freak out. I have seen a woman post asking very nicely that the avatar be changed. It is irrelevant what I think. The vagina has been fetishized and commodified. The meanings attached to not only the picture, but the act of posting the picture are twisted and threatening for most women.
Unless that is Roubini posting. :-)
This poster probably needs to think about what you wrote. But I would want to see them make their own decision about it.
Georgia O'Keeffe has some really great floral pics that look like vaginas...
The vagina is a source of life and powerful
especially the ones that can do 14kg deadlifts!
Those are called Kegels you big hulking lunk. Boys can do them too for stronger, more powerful erections.
http://en.wikipedia.org/wiki/Kegel_exercise
Thank you! I am learning so much these days!
I totally agree with you MsCreant, I am glad that you are enlightened and was hoping you would weigh in. Some women could be less offended by the image itself, and more offended because of their own body image with self esteem issues in comparing themselves to this obvious youthful beauty. I, more than most, appreciate and recognize beauty, especially expressed as the golden mean ratio of which women most closely approximate this wonderful 1:1.618 pleasing ratio. I just believe women are special and should not be treated as a commodity for purchase as you alluded to.
I have called this site the equivalent of financial porn because it is so addicting, but did not mean it literally. I am not advocating burqas, but some modesty - photoshop a g-string or something. When our girlfriends look over our shoulders while surfing ZH, we shouldn't have to worry about them getting the wrong idea when all we are looking at is a financial blog. Likewise, I would not want to see an erect penis as an avatar.
A real man has one of those in the bedroom and doesn't need to try and remind himself what a real woman looks like. I like that this site is edgy, just concerned that it is so sharp it cuts off a large portion of the readership. I do not think it is worth it if one individual is happy with his upskirt photo while ZH loses thousands of viewers and potential advertisers. It is very easy to find porn on the internet, just try being more like James Bond - don't mix business with pleasure.
+++++11111
don't mix business with pleasure.
But, what if pleasure is my business?
moved
I flag the junk as junk.
Right, AN, right MC
The vagina is only a source of power in that it can get men to do the most self-destructive things.
It is the source of other things I might add, including, but not limited to...
Babies
Wetness
Chlamydia
Unpleasant odors
Income (if a woman is a golddigger or a skank ho')
In short. I found your comments, well, bizarro to say the least.
Frankie,
That is how you feel about your gateway into the world? That is a lot of contempt. I made them powerful in my post, but in reality they are neutral.
I fully agree AN. I cringed when I saw the first comment was from the porn guy. I definitely won't be sending this heads up article to my freinds and family.
To be quite honest, I didn't know whether the avatar was a @$$ or Alfred Hitchcock's cheeks... it's all really too hard to see.
In any case, you are right to say that an avatar can obsure the message. In this case I don't understand the message.
I do understand the Brando/Apocolypse Now reference though... very cool.
an excellent observation, sir. You are precisely on target!
I learn much from this site. Thanks to all the insightful posters!
AN, you stand taller than myself. This was brought up before, and I thought of it today after seeing so many less than useful comments from this character. I decided to not make noise, because, well, with the potty mouths (including myself at times; poetic license?) running loose I figured it was a half-issue not worth attempting because of the last fizzle. We have the right to freely express ourselves, and we also have the right to be free from unnecessary mischief. I think the community is going to rumble in favor of more family friendly images. Nobody reads cheeky anyway. :->
Pladizow you are on notice.
I think we just need someone with an avatar of a nice, big cock.
It would fit quite well with the Fight Club theme.
"I think we just need someone with an avatar of a nice, big cock."
Doesn't somebody all ready have Timmay G's Aunt Lloyd and Uncle Jaime as avatars?
Big Dick avatar problem solved...
Meh. As a woman I can assure you, I doubt women would get that offended. We've seen it all. I enjoy Robot Trader, and surely he has posted much more offensive things than that.
Don't get excited over that. anyone that starchy to get offended won't be on ZH anyway.
WTF What happened to this site? Are the PC going to take over this site also?
It happens to the best of them. As a site becomes more popular it moves towards the mean, by definition. Then it's time to move on. I was most saddened over reddit. Every time I go back the quality seems to be degrading at an excellerating rate.
I think a discussion is happening. That's all I see going on. Should we censor the discussion? Maybe folks will hash it out and decide it is okay. That is the world I prefer to live in but getting from here to there takes effort. I think a vag is fine (mine is awesome, I assure you). But so many others freak out about it that I think the discussion itself is important.
Strawman. No one said to censor the discussion. Nice try though. I don't particularly like people who use language manipulation tricks.
I am curious, what did you think the "nice try" was?
You subtly tried to put me on the defensive by insinuating I said something that contradicted what I had previously said.
Yes, I know you could argue you didn't do that. But I'm not going to get into that.
Plus she ate my baby once. And it was a good baby. Not a crappy baby. I was saving that baby for later. Now I got nothing.
I mean Blindweb ZERO animosity, I clearly should have posted differently. Meanwhile, BUUURP!
That's why we dogpile those that displease us.
Its a natural if not logical progression - as soon as some guys have accumulated enough PMs that now have a high paper value they start to become obsessed about pussy.
Just remember Goldbugs the Lord giveth and the Lord taketh away.
"By using an avatar that would be offensive to most women..."
Wait
Pladizow's Avatar looks like a thumb and a finger holding an ugly ring...
Uh oh.
Is Pladizow's avatar a Rorschach psych ink blot test in disguise?
Did I just flunk my sanity test?
Take it again. But this time bite your tongue while your taking it.
http://www.youtube.com/watch?v=3VXEDUVkbt8&feature=related
It Would Be Funny Hephasteus
Except I sat next to that little fucking kid and his toy car on a flight from SFO to Vancouver... Squirming, kicking, constant noises just like that...
A mom that would not shut up with her nasally yuppie whinning...
Then he peed his pants and smelled... but he was still smarter than his dumb ass yuppie mom...
Double fucking post.... makes me think of that kid and his mom...SNAP
I'm offended by your post AN...
What is it that Colonel Kurtz says about the natives being inoculated and then cutting off the children's arms....done without feeling, with clarity of thought...apparently that part went over your head.
Bring on the Puritanism....
Bring on the destruction of the hindu temples depicting sex...
Censor the site to bring more readers to openminded financial news, but then dumb them down with your tribal moral values. That's a net loss; open their minds financially but close them morally. They can't handle female sex organs. More secrecy and censorship please
Offtopic = junk?
Blindweb, I agree and think that ZH core belief supports this.
When people care about where the message comes from they are not listening to the message. This is not about the messanger though, it is about the reader.
You are easily offended, don't get your panties in a bunch.
I provided a well reasoned argument, and instead of addressing any of the points you responded with a non-sequitir argument relating to cutting off the arms of children? Destruction of hindu temples depicting sex? Perhaps you are Blind because of all your mental masturbation from looking at naked women on the Web.
I suppose you just go around naked with a full erection all day in public because you don't want to censor real life or dumb people down with tribal moral values. You can get that all day every day on a number of other pornography sites, I can assure you they are not censored. Do you think that Disney allows comments on their web site to go uncensored? What do you think would happen to their brand if they purposely intermixed pornography with their products?
The point is not what I think, it is what the average reader thinks and this appears to have gone over your head.
How do we know that girl is not 17? If she is 17 could the authorities accuse the users of this site of looking at child pornography? I appear to be the only one thinking with my big head here. Trust me, the squid will stop at nothing to stop the truth.
Bunched panties seem to be the flava of the hour. To sum up the whole discourse for the bunched:
Don't give them an excuse to shut you (us, ZH) down.
+10
I wholeheartedly
agree w/you as well.
I don't know if he's "an enemy agent" ;) though that could possibly be the case, but I agree with everything else you say.
Thanks for sticking your neck out to make your point.
I agree too. The avatar is pointless. Almost every site that allows images (such as ebay) screens what images are uploaded. Although my avatar is highly judgemental, and thus I am bordering on the edge of appropriateness and therefore guilty of sinning too, I think that an avatar of a naked person clouds the message he is trying to get across and overshadows anything he types.
----------------------------------------------
electronics | travel
MoASS!!!!!!!!!!!!!!!!
I don't know why Turd, but every time you say this it's funny. I think the junkers don't know the origins.
I truly encourage you to do it hundreds of time in the next few weeks. I'll be crying!
Mother of All Short Squeezes... jesus people...
Mother of All Short Squeezes... jesus people...
You got the DOUBLE POST DISEASE!
Is that an STD Marla gave you?
Well, that certainly is a salacious rumor. We'll see...
+1
I expected this outcome, but not this fast. If it happens this fast, then that can only mean what's "really" going on is far worse than anything yet made public.
I know everybody is excited about the Euro going to par, but no, it's going to zero. That's just sooner (rather than later) if Germany leaves this quick.
For the sake of Germany, I hope this "salacious rumor" is true.
Isn't it odd how many currencies seem to be rushing to parity by strenghtening or weakening relative to the USD. There's the loonie, swissie, BP, AUD and JPY (in cents) in addition to the EUR. (An arguement could also be made for the Brazilian Real). Is this a way to prepare the masses for a new world currency? Of course the introduction of the DEM and subsequent destruction of the EUR would put an end to any such plans. After all any world currency would likely be modeled on the EUR since it would necessarily be a currency of a loose coalition of member states with no central Treasury and taxing authority.
I disagree. The taxing starts with administering the thing. That won't happen for free you know. They will build it out from there. We will have a planet tax, country tax, etc.
And all of it for our own good, of course.
I am looking for a real chaos, and relocalization as our hope.
You make an interesting point that "all currencies at par" would make it easier to convert over to a single currency. However, convertibility merely implies multiplication by a fixed coefficient, so maybe that's just a curious coincidence.
I agree that the arrival of a DEM would be an interesting wrinkle in the introduction of a new currency, but it would annihilate the Euro, making the new unit more acceptable to everyone else. The DEM would thus be mostly a "protection" for the German people, which could even be conceived as a negotiation point.
IMHO, a new currency unit would be modeled after the US dollar, because the Fed can print, and the EMU lacks centralized federation control. Europe has a lot of sovereign nations, and despite central planner wishes, that centralization doesn't yet exist in Europe. I don't see a single unit based on "loose coalition of member states", because that's the Euro, a demonstrably failed experiment. (Game theory suggests it can never work.)
And all the sites are selling precious metals. What a coincidence! ;)
+1 kaiten
hhahahah very true.
I can't see Germany will leave Euro.
I think it's a bunch of BS.
MXM:
interesting side bar here that suggests the whole 'euro bailout' thing was a shadow play.
according to #2 guy at IMF there is actually no money set aside for euro zone bailout and the $250B IMF contribution cited by the media was nothing more than a 'hypothetical' figure used for 'illustrative' purposes.
two url's documenting that factoid:
http://seekingalpha.com/article/204591-shock-and-awwwww
http://uk.reuters.com/article/idUKTRE64A06F20100511
not sure how this plays into german gambit thingy but is certainly interesting bit of info
I wondered about this. How could they keep coughing up higher and higher numbers through the time span (before the opening of Asian markets) the way they did. Just the concept of broke countries bailing out broke countries is fiction, never mind this.
Ya those Germans. Always joking around. Never take them seriously. You'll regret it.
holy shit, if this is true - stock markets would collapse on news such as this
The dollar would rocket but what happens if they announce intentions to move to a metal based DM? Wow
A metal based DM would represent the strongest currency on the planet. I don't think that would be US dollar positive
I partly agree, but only because a "new" currency would be strong if it defaulted on old obligations.
The question is leverage: How much debt service does the new currency represent? After sovereign collapse, and the debt is cleared, countries start to look pretty good. Similarly, the day after you declare personal bankruptcy, your credit is "triple-A" (because you have no debt, and the law denies you the ability to declare bankruptcy again for seven years in the US).
I don't get excited about proposals for a nation to have their currency "partially-backed" by PM's ... the question is "how partially?" (e.g., What is the leverage represented by their currency?)
+10 if the germans went gold backing or DM it would immediatly put strain on global central banks to tighten or is that collapse. Talk about the ultimate revenge for Versailles
German gold ATMs: http://uk.biz.yahoo.com/19052009/323/german-firm-plans-gold-atms-meet-growing-demand.html
gemini,
Someone NEEDS to do it..............but they cannot, as it would cause the entire system to collapse even faster.
How long would you hold any more FRN's than it took to eat, and pay bills, if you could get PM backed currency?.
Couldn't happen anyway.............not enough PM's of ALL varieties to equal the outstanding debt created now.
Much less be able to get a tangible PM in exchange for the new IMAGINARY currency.
Germany is smart, and they are doing exactly what I thought they would/should do.(doesn't mean I'm intelligent, just observant), and what would be in their BEST interests.
Somewhat refreshing, in that at least ONE EURO based country, is putting their citizens, and fiscal secuirty above the Socialist /Unionized bstds( not to mean ALL who are in Unions fit that category), who have caused this mess.
I would have liked to retire at 53, and get 90% of my working pay, on a 4 day week,a 2-3 month vacation each year, free health care...............
Oh there will be rockets alright
OK, so let's say Merkel does indeed announce on Friday that they're leaving the Eurozone and bringing back the Deutsche Mark (which, for Germany's sake, I hope they do). What happens to the markets?
Gold up, silver up, Euro way down, all other European stocks down ... What else?
Pound down and Dollar to the Mothafriggin stratosphere...oh and markets down huge.
John,
At this point, I think the PM's have decoupled, Germany doing this, would not increase the saftey, value $.01 of FRN's.
If there were a way to back the DM w/PM's, ALL currencies would flush.........
So then the EU - Germany = Germany not putting in their share to the bailout? Is that the equation here?
What if...?
This is a strategic rumor which will be proven wrong on monday and is designed to burn the goldbugs?
If you have physical, no matter, temporary breather. But, if you have futures or calls on GLD, don't go all in.
agreed. non-event. won't happen.
puts on GLD right now. got some
Well, yes. Of course that's a possibility and any trade needs to be based on your own subjective assessment of the risk of Germany actually executing such a move.
However, that's not my question. My question was, if it were to happen, what would the consequences be for the markets?
We are being hypothetical here and not trying to assert that this is a guaranteed or highly probable event.
And look: I am fine with gold as an investment. I'm holding some right now. But for heaven's sake, let's have an intelligent investment discussion about the ramifications, shall we? "Buy gold" is an insufficient answer as far as I'm concerned.
"Put all your eggs in one basket" does not work for me as an investment strategy no matter how solid I may believe that one investment may be.
This will absolutely crash the Euro and send Gold/Silver to the moon.
Yep. Euro will crash against the USD, but I would think the USD would erode against the new DM.
This would be a tough thing for Germany to pull off, because their exports (a primary source of economic growth) would be put at risk.
Don't underestimate how friggin pissed the German people are, though, on this bailout deal. Sarkozy and the French are taking credit for structiring this-- with Angela Merkel's consent. Even the headlines in the MSM are suggesting that the Germans have been duped-- again.
Germany leaving the Eurozone and putting the DM back on to the table must be VERY tempting at this point.
+1
I would see it as an attempt to enslave - not about economic synergy anymore; I can see that being backed with more and more furor if the status quo remains.
No way the Germans could do this without a plan involving the other Euro central banks.
Who says they didn't? It seems perfectly reasonable to me to hypothesize that this plan has been put together within the last week and hasn't yet been announced to the general public.
I agree. On top of that it looks too much like a goldbug wet dream to be real. I would never buy on a rumour like this, I'm holding now and waiting for the next dip. This kind of an operation involves too many little people who can produce much more substantive info, papertrails and photos to leak.
I saw this rumor earlier today in other places. I didn't give it much credence, but it appears to be climbing the credibility ladder....
As we all know rumors, and lies/fraud, are as powerful as truths; for a time.
Interesting to see what effect this has, even if untrue. [opens bag of chips]
would be funny. "screw you guys, i'm going home"
http://www.youtube.com/watch?v=ZEKTSO1scaI
The first step toward rebuilding the west. Bye Bye globalism.
What beautiful words. I so very much hope you're right.
Germany: DO IT! If not for your sake, then for ours.
Thanks to the Germans. Kind of ironic.
LOL, as Bart Simpson would say "The ironing is delicious."
Go Germany.
I love the Internet.
Every once in a while I try to make babies with it, but no luck yet, just a mess.
Keep on the good work! Fingers crossed! ;)
"The internet is really, really great!"
I don't know how Al Gore did it?
"Every once in a while I try to make babies with it, but no luck yet, just a mess."
HA!
And no crabs in the Crab Cake either..
lol, I will 2nd that, the internet atleast gives the small man a punchers chance at things...
It's amazing how a population can be duped into believing that one worthless scrap of paper is better than another worthless scrap of paper. That said, this is a lot of fun. To quote Flounder at the homecoming parade in Animal House "this is sooooooooooooooooo cool!"
http://www.youtube.com/watch?v=rzcLQRXW6B0
They're only trying to get you to believe that lots of scraps of worthless paper are worth more than fewer worthless scraps of paper.
If this is true I'll convert my savings into DM!
But I don't think the evidence is credible enough..
with all due respect to the gold investors, when some of the best-known gold promoters of a financial product (not jsut gold) openly start floating rumors such as what's listed here, i tend to wait 3-5 days and short whatever those duys are peddling. the results so far have been positive
Short term shorting GLD is not a bad idea. If you think they are a ponzi scheme as some do, then short and hold until that is revealed. Inbetween now and the revelation that GLD is a ponzi you would be VERY underwater on that play. Again, short sell GLD not a COMEX contract for god sakes. I see Gold down in the near future, but only to explode higher in the next few months. I think shorting Gold or Silver right now on anything other then an extremely short time horizon takes brass of the testicular sort.
Now if we can only convince Texans to abandon the dollar and start printing Alamos.
The Maple Leaf is legal tender in Canada. We can all move there and freeze our cojones.
Too bad it's only worth $50 face value.
Yes but their Silver Maples are worth $5 face. 5/20 much better downside protection than 50/1250.
Dare I say it...
I'll leave it to someone else.
Ummm. Silver BITCHES!?!?
Kitco profits from precious metal sales... I wouldn't be surprised if this page is a ruse to support the rumor. The forum post is just as dubious. I guess Gysi's speech could give some credibility to all of this, but I'm still suspect. Remember the Popandreou document this week.
was that the same dude took that overdose of medicine?
And here I thought Gorbi had his birthmark removed...
shit. That would a German vacation more expensive.....
a local top might be in the making w/ all these rumours..
Why is the DAX soaring but not the others?
If so, and I find no reason to believe that Germany will not finally succumb to sense and sensibility, being the good, stern, competent people that they are, and revert back to a local currency, this will be interesting.
All I want to know is what this will mean to German Euros. How will Germans convert their Euros back into DM and what will be the exchange rate?
Can't wait until Friday. But I'm sure it'll be uneventful.
I am Chumbawamba.
Chumbawamba,
The price will be determined by auction.
Bid and ask. I am sure the spread will be bigger than Lady Gaga's
maybe a new dm based on gold by a % . like a limited edition print. not exclusive to central banks . gold would soar. the dm would soar and look at all the euro stuff they could buy.
I think he's being ironic, saying something like "After last Friday, we'll see what this Friday brings".
Move along, nothing to see here...
Sheesh, just because the leaders of Britain and Germany have had power stripped from them in the same week, you think something might change? No, no, go back to grazing.
Can anyone translate his exact words in the video, sorry to say I only speak English and half-Tagalog
Ach du meine gute. Was ist loss in Deutschland. Ist es gut oder schlect? Es ist gut fur Deutschland und Chnacelor Merkel, Ich glaube! Es ist nicht gut fur alles Europa!
Kaufen Gold und Silber jetzt! Als meine Avatar sagt, "Kaufen, kaufen, kaufen"!
Joseph Sechs-Liters
www.Gold-Silver.US/forum
+10 funny!
Schuss!
no scheiss!
Wait a minute. My bad. Where did I come up with that? Ich bin ein dummkopf.
Okay, here it is: Prost!
Schuss can mean shooting down a slope- so I thought, hey that fits, too!
There is no way that is happening anytime soon
There is no safe haven, there might be safer places but there is absolutely nothing "safe" in this world.
Update:belogical I was not responding to you.
I lived in Europe for ca. four years when the Euro was introduced and I really think people fail to understand the massive undertaking it was to establish the Euro. This was a difficult and long process for many people, financial institutions, and companies. I used to travel in Europe with three to five different currencies and always had my passport ready for checkpoints into and out of Italy, France, Germany etc...The border crossings do not exist anymore and in my opinion will not be re-erected.
In short, I believe the European Monetary Union will not be abandoned as easily as one might think given the recent turmoil. Yes, there are deep seated differences among Europeans that were only punctuated in recent weeks, but there is a real sense of unity under the Euro common currency that I believe will be hard to break.
I agree, but now with growing German political uncertainty all we need is a borderline significant German pol to mention that they are considering reinstituting DMs to send the markets into panic mode.
The probability of Germany leaving the EU is negligible now, but the impact of the perception that they may consider it is not.
And yes, if anyone is opposed to the bailout and creation of funny money it will be the Germans, Austrians and Swiss as they are not culturally wired for this nonsense.
Don't forget, these are the people that are famous for tax dodging and hoarding massive sums of money in secret bank accounts. They are savers by nature and are not inclined towards creating money out of thin air....if anyone will short circuit things it will be them.
qussl3,
Why?,is there a chance, Germans have decided SCREW this picnic,and the Ants?, we ain't taking one for the Gipper.
They are smart people, very smart.................I do not see them willing to fall on the sword for the fricken EURO..........
Reads so sound as European leaders are now on the verge of succeeding in one of their primary objectives: seizing this crisis as an opportunity to further the EU building.
Now the road for a fiscal integration is paved.
People of power are interested in power. Restrain at current point looks so illusory.
I should add: this rumour might serve the purpose of furthering the integration.
People are scared over the currency. On one hand, they will be offered a return to the former way. On the other, a progression toward a more solidified state of the Euro.
One option sells better than the other.
Absolutely correct.
Well, eventually a grown up in this world of delusional children must step up to the podium and say 'Enough is ENOUGH' and who better at that role than Germany!
Because everyone has a blast (get it?) when the Germans decide that they have had enough of the rest of the world...
From: http://www.godlikeproductions.com/forum1/message1063311/pg1
THE TRUTH:
Talks about Germany going back to the Deutsche Mark and out of the Euro are all over the media in Germany and even some leading politicians are already considering it between the lines.
If and when this happens is unclear.
THE BACKGROUND:
The information about Germany leaving the Euro this weekend comes from Hartgeld.com, a site run by Mr. Eichelburg who is - put simple - crazy. He knows a lot about economy and gold but he is waiting for the apocalypse posting stuff on his website since I don't know when. It's a proven fact that this guy writes his own "insider" messages and reader commentaries, and if you have read the site for a while (like I did, because he used to have some actual useful information there) you would have noticed that and left stopped listening was about time.
The whole Deutsche Mark rumour is just that, a rumour.
There is absolutlely no evidence for a new Deutsche Mark in written word or photography anywhere in Germany.
And it's not like the government would have to keep it secret, the germans would not riot - they would party, everyone wants the Deutsche Mark back as it was a real currency compared to that toy money called the Euro. Would cancellor Merkel sit on TV and tell the people "You will get the DM back" she would be Queen of Germany.
There is no new Deutsche Mark, sadly. A strong german currency would actually help Europe, so how well does that go with hope for doom and stuff? Britain doesn't have the Euro and if France goes out of the Euro too you would have three most powerful countries in Europe not using the Euro anymore = end of Euro. Not gonna happen though.
Pin THIS and not the lies and misinformation.
Deutsche Mark was a "real currency" only when Germany had been a NATO member protected by US. Why would anyone accept D-Marks today, if Germany exit the EU?
If Germany relinqished the Euro and instituted the Mark, why would any other country accept Marks?
Then again, why would anyone ever accept Benny Fiatsco's printed out of thin air? Looking for logic in the world today is like looking for a virgin at the Bunny Ranch.
US unlike EU does not exclude Chinese and Japanese manufactures, so both countries have an interest in supporting US dollar; the same countries have an interest in eliminating any German currency.
It's not about other countries. It's about other people in other countries. If you want to buy stuff from Germans, having their currency would help greatly. So a country that produces things that other people want can float their own currency. Economies that rely on export industries would do well to float a currency they can control so some smelly other country doesn't deflate the value of their money.
Cat,
yes sir, I believe we called it back in the day....
Protectionism................
And, why would any sane individual NOT take a new DM< if it was solvent, and the country was strong, and vibrant?.
Germans have done funny shit before..................some not so funny.
The Swiss Franc is independent (non-Euro) and cherished by FX traders. The pound used to be...