A Quick Take On The European "Marshall Plan"

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
dcb's picture

the german taxpayers eat it again. wonder what this will do for merkel, does she go down in flames now.

66Sexy's picture

what if china overcommits to the euro, then the eurozone dissolves?

TheTmfreak's picture

Who says they haven't already overcommitted? (I guess one needs to describe what that means).

I try to argue this to people all the time. So long as China is dependent upon the US dollar and the Euro, they will be dependent upon the financial state of both entities, and will pay the price. The Euro is collapsing and the Dollar has nowhere to go, but to be inflated. Furthermore who says that anybody is going to buy their shit anymore if/when the mass globalization ends?

kridkrid's picture

yup... they have the same collapse ahead for them... unfortunately for them (and everyone else), they have about 1/5 the world's population living in about 1/4 of the land mass of China.  That is, at the same time, a lot of mouths to feed and a lot of soldiers to send off to battle.  Throw in the sex starved single teen to 20-something based on parents gaming the one child policy and you've got yourself a fairly disposable army to throw at something.  They'll be like storm troopers.

PY-129-20's picture

No, my "friend". This will lead to open Rebellion sooner or later.

Bang Dae Ho's picture

German style rebellion:

- spitting chewing gum on public spaces

- saying ugly words while watching TV evening news

- breaking speed limits not just 10km/h but staggering 15 km/h

- throwing the wrong type of garbage in public garbage separation containers

Bang Dae Ho's picture

Ja, 'scheiße' ist eine sehr gute Zusammenfassung.

TheTmfreak's picture

Add owning a baseball bat.

Bang Dae Ho's picture

there is a famous Lenin quotation: 'if there is a revolutionary train station raid, Germans would buy a station ticket'.

magpie's picture

It would have been a nice touch to classify the loan as WW2 reparations, with a nice Thank You-note from G-Pap. Though as we all know, the Greeks tend to make the "gift."

But maybe the next bailout round...

Azannoth's picture

Dude there is absolutely no alternative in Germany, Merkl is a 'conservative' the opposition are the Greens and Socialists both advocating debt forgiveness to Greece, we'll see more of Merkl for years to come

PY-129-20's picture

Tell me about them. What a bunch of traitors. You serve them? Well make sure you bend all over again...

Steinmeier? Gabriel? Nahles? Merkel? Trittin? Steinbrück? Traitors. That's what they are.

No, nobody will save what's left of our constitution. Our nation today ceased to exist. Just let them declare the United States of Europe. I say bring it.

Why do I pay taxes? For what? To pay off my lords in Brussels, my bank lords, that corrupt class in Greece that ruined this country so royally...

Ya think that will save us? Do you? Oh, yes, sunflowers will grow in Antarctica, unicorns will appear, hell freezes... What stops them to make the same fucking mistakes over and over again?

Why do we allow this to happen? They just reward misallocation...

Are they above the law? Are they more worth than you and me? I thought Europe passed that age.

Yeah, laugh at me if you want. They are breaking with the young generation and fuck their own kids and grandkids a tergo. What a generation of assholes and pussies. May the thundergod (or anyone/anything) in charge punish all of them... I curse all of them, bastards.Goddamit send that angry German kid into the ECB headquarter.

And now I cool down. Sorry for the rant. It's what is left of my liberties in the EUDSSR

Azannoth's picture

There is 1 simple solution emigrate, that's what I am planning

SoNH80's picture

Ja, better the Frau they know than the Rot they don't..... the SPD makes the Democrats look like pikers in the socialism department....

Cult_of_Reason's picture

An average German taxpayer is as ignorant as one in the US; hence, the banksters are having a field day milking the taxpayers.

Sophist Economicus's picture

Yup!   the "cashindectomy" of the people goes global

Azannoth's picture

You know what caused massive protests in Germany recently ?

A tear down / rebuild of an old train station!!!!

The Germans(in general) don't give a shit about how much of their money goes where, they'll end up broke and homeless 1 day but till than it's Party On!

Bang Dae Ho's picture

You know what caused massive protests in Germany recently ? A tear down / rebuild of an old train station!!!!

BTW, this tear down / rebuild just passed..... drumroll.....drumroll.... its STRESSTEST!

http://www.spiegel.de/politik/deutschland/0,1518,775736,00.html

IQ 145's picture

 Greece will be able to steal other peoples money for fifteen years---there; fixed that.

Re-Discovery's picture

Did Greece ever repay what they got from the first Marshall Plan?  Good luck with this one.

The headline risk in this 'market' is believing them.

trav7777's picture

no shit...greece is the equivalent of all the CRA bullshit money our banks were forced to "lend"

Are you kidding's picture

Fucking darkies...it's always the fucking darkies ruining everything.

freethinker4now's picture

No news is good news 

ZippyBananaPants's picture

We had a kid in 2nd grade named Marshall

Quintus's picture

Was he widely known for the excellence of his planning?

Version 7's picture

If this movie goes on, expect european voters to massively turn right the next round of elections.

Azannoth's picture

In most European 'democracies' extreme right/nationalist parties are banned good luck with that vote

Cognitive Dissonance's picture

 Lots more details likely to come out during the day, but watch for the details.

Details? DEATAILS?

I don't need no stinking details. MY ass is saved for a few more news cycles. That's all I care about at this point.

Details! Too funny. Who cares about details when you have headline reading algos?

Keep up people.

/sarc

wisefool's picture

here are some Marshall plan #1 details for you CD.

On August 5, 1971, Congress released a report recommending devaluation of the dollar, in an effort to protect the dollar against foreign price-gougers.

 

How We Got Here: The '70s. New York, New York: Basic Books. pp. 295–298. ISBN 0-465-04195-7.

kridkrid's picture

Here it is in Nixon's words (well... his voice anyways) 10 days later: http://www.youtube.com/watch?v=iRzr1QU6K1o

 

Cognitive Dissonance's picture

Even back then they were blaming the evil speculators. The oldest tricks are usually the best tricks.

kridkrid's picture

Remarkable to watch.  Have you read the book Psychopath Test yet?  You'll enjoy it.  I'm fairly certain that Nixon would have set the bar.  Part of my continual awakening has been the realization that some relatively large percentage of elected officials are psychopaths.  Things that I would have once found difficult to believe becomes not only plausible, but totally predictable.  And, of course, most of our heads of industry, heads of banking, etc. etc.... the world is basically run by psychopaths.

 

SoNH80's picture

Johnson and Nixon, signed and countersigned the bill that's coming due.  Vietnam, "Great Society", cultural rot, destruction of Bretton Woods, cooking the economic numbers, secret wars, a certain 1967 incident in international waters, EPA/unaccountable mega-state, Kissinger, Bundy/McNamara, cutting a deal with the ChiComs, etc. etc. etc. etc.

Cognitive Dissonance's picture

Looks like a fun read. Just purchased. I needed something to read in bed that will keep me awake.

kridkrid's picture

One word of caution... he is somewhat frustratingly averseto "conspiracy theory".  I would think that the realization that a relatively large percentage of our "elite" are not bound by any moral code that you or I would recognize would lend plausibility to ideas that may otherwise seem implausible.  This is different, of course, than "believing in" everything that surfaces... but if one adheres to the philosophy that the ends justify the means, and you are able to act without remorse, anything is possible.

Cognitive Dissonance's picture

One word of caution... he is somewhat frustratingly averse to "conspiracy theory".

That's probably the only way the MSM publisher would accept the book. That's OK, I can read between the lines.

wisefool's picture

Well there are some speculators that are evil. The first Marshall Plan bankrolled Europe with US resources. The Euroes also double tapped the old US of A by getting her to clean up the mess they left in their colonies.

And when the time was right, the Euros cashed in (speculated) all of these gifts to triple up by taking the gold of their benefactor (the USA).

Not all speculators are evil. Just the ones who speculate with ill gotten gains. We now return our news coverage to the heartbreaking stories of humanitarian tragedies in MENA, where American soldiers are fighting for "Democracy"

IQ 145's picture

 Yes, I lived through that as an adult. It was hilarious. Nixon used to rant and rave about the speculators damaging the dollar all the time. They had big gold auctions out of Fort Knox designed to punish, "speculators"; the plan was drown gold demand in supply. They were utterly defeated and cancelled that plan. It was too funny. My favorite quote from Nixon, "I am not a crook"; but of course, he was! Then don't forget, President Ford came out with a WIN button to wear on your shirt collar, Whip Inflation Now; this supposed to help by some sort of magic thought transference process. as my friend Dave Barry says; " I am not making this up!".

IQ 145's picture

 Yes, I lived through that as an adult. It was hilarious. Nixon used to rant and rave about the speculators damaging the dollar all the time. They had big gold auctions out of Fort Knox designed to punish, "speculators"; the plan was drown gold demand in supply. They were utterly defeated and cancelled that plan. It was too funny. My favorite quote from Nixon, "I am not a crook"; but of course, he was! Then don't forget, President Ford came out with a WIN button to wear on your shirt collar, Whip Inflation Now; this supposed to help by some sort of magic thought transference process. as my friend Dave Barry says; " I am not making this up!".

IQ 145's picture

 Yes, I lived through that as an adult. It was hilarious. Nixon used to rant and rave about the speculators damaging the dollar all the time. They had big gold auctions out of Fort Knox designed to punish, "speculators"; the plan was drown gold demand in supply. They were utterly defeated and cancelled that plan. It was too funny. My favorite quote from Nixon, "I am not a crook"; but of course, he was! Then don't forget, President Ford came out with a WIN button to wear on your shirt collar, Whip Inflation Now; this supposed to help by some sort of magic thought transference process. as my friend Dave Barry says; " I am not making this up!".

wisefool's picture

History sure does have a way of repeating itself, doesn't it?

papaswamp's picture

Extreme high risk and low return? Who will be on the hook for that? Don't worry it's 15 yrs down the road. What no 100 yr bonds?

gwar5's picture

15 years at 3.5%?  I want some of dat.

To good to be true? Probably is. For sure, Paul Volcker didn't put this together.

Don't low rates mean high quality collateral?  So, what's up with dat?

gwar5's picture

"Marshmellow Plan" ?

gwar5's picture

"Marshmellow Plan" ?

yabs's picture

how casn long can they keep this no haircuts charade going?

Its torture

Long-John-Silver's picture

The Marshall plan for Europe was preceded by a World War.

I'm all for a new Marshall plan as long as we (USA) get to go in and rape and pillage them for 4 years before it's implemented.

(Dibs on the BMW motorcycle factory Bitchez!)

Johnny Lawrence's picture

So basically the plan for Greece is to build a bunch of shit?

Azannoth's picture

The Greeks have been 'stealing' as much money from the EU as they could from the day they joined, so what's their 'punishment' Give Them More! Till they burst