This page has been archived and commenting is disabled.

Remember That Greek Bailout Rumor...

Tyler Durden's picture




 

GERMAN FDP PARLIAMENT MEMBER SCHAEFFLER TELLS PAPER GREECE SHOULD LEAVE EURO ZONE (RTRS)

Next time, our advice: get confirmation

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 05/31/2011 - 10:25 | 1325180 Temporalist
Temporalist's picture

Achtung baby!

Tue, 05/31/2011 - 10:27 | 1325190 Dolemite
Dolemite's picture

Top in place after today?

http://deadcatbouncing.blogspot.com/

Tue, 05/31/2011 - 11:20 | 1325420 fuu
fuu's picture

You should spam that link into a few more threads this morning. I am not sure everyone has seen it pasted in the first 10 posts of every thread.

Tue, 05/31/2011 - 11:25 | 1325448 Cone of Uncertainty
Cone of Uncertainty's picture

Dude, your blog sucks fucking donkey nuts so stop spamming the living shit out of these comment threads, you fucktard, loser bitch.

Tue, 05/31/2011 - 10:27 | 1325205 Id fight Gandhi
Id fight Gandhi's picture

Germany is a dorfmatratze if they pay a cent to this fucked up bailout. Make Greeks debt slaves and force the germans to foot the bill.

I'm sure Ireland is taking notes. They really want to fuck em all over.

Tue, 05/31/2011 - 10:52 | 1325318 Harlequin001
Harlequin001's picture

China will bail them out, again...

Tue, 05/31/2011 - 11:12 | 1325385 THE DORK OF CORK
THE DORK OF CORK's picture

Any truely sovergin entity can redenominate its debts in Punts Drachmas etc. - of course Hibernia has always been someone else's bitch.

It remains to be seen if Hellas has any class - maybe just maybe

Tue, 05/31/2011 - 11:15 | 1325416 Gunther
Gunther's picture

The scummy german politicians are the pimps, the German taxpayer is the forced whore; the people were never asked about the introduction of the Euro. The parliament voted wit some 99% yes voters, similar to the parliament (or whatever that is called) in North Korea.

The current minister of finance, Schaeuble, took once an envelope with 100'000 DM in cash to hand it over to the party cashier. That is his qualification for being minister of finance.

Tue, 05/31/2011 - 10:43 | 1325265 slaughterer
slaughterer's picture

Desperate FDP grandstanding (they are losing their power)--what do you expect them to say?  All the power still rests in Mama Merkel's sweet palms, and she is not really listening to the FDP pied piper.  Let's get the Greek land registry translated into German and turn the Greek islands into another Ballerman Mallorca!

Tue, 05/31/2011 - 10:27 | 1325181 Cognitive Dissonance
Cognitive Dissonance's picture

Tyler. You take all the market fun out of BTFD rumors.

I bet you're the center of attention at cocktail parties.

NOT :>)

Tue, 05/31/2011 - 10:26 | 1325201 Bleeping Fed
Bleeping Fed's picture

Tyler's the one serving the cocktails (with added antifreeze).

Tue, 05/31/2011 - 10:29 | 1325218 The Fonz
The Fonz's picture

Dogs like antifreeze :)

Tue, 05/31/2011 - 11:40 | 1325507 Hulk
Hulk's picture

I substitute Stoli for antifreeze. When I see the dog  staggering all over the yard, I know I have a radiator leak...

Tue, 05/31/2011 - 12:19 | 1325623 Almost Solvent
Almost Solvent's picture

A woman has been sentenced to 23 years for killing her boyfriend by lacing one of those plastic buckets of margarita cocktail with antifreeze.

 

http://www.9wsyr.com/news/local/story/WNY-woman-sentenced-in-antifreeze-death/wR8HwTO6sUGKW6zC7qcjUQ.cspx

Tue, 05/31/2011 - 10:36 | 1325231 Cognitive Dissonance
Cognitive Dissonance's picture

An all 'natural' sweetener.

Tue, 05/31/2011 - 10:25 | 1325182 LRC Fan
LRC Fan's picture

Market doesn't care.  DXY still firmly below 75, so rally on bitchez

Tue, 05/31/2011 - 10:30 | 1325203 firstdivision
firstdivision's picture

That is becuase the market is mostly focused on the debt vote today.

Tue, 05/31/2011 - 10:33 | 1325221 SheepDog-One
SheepDog-One's picture

Market  focused on debt ceiling vote which has already been announced will not pass? Oh ok, makes sense.

Tue, 05/31/2011 - 10:41 | 1325256 Cdad
Cdad's picture

And the BlowHorn [CNBC] is too focused on The Hangover 2 to attend to this pesky Greece reversal story.  Also...makes sense.

Of course, nothing the market is doing makes sense, save for the persistent sell programs that have been well engaged since 9:41 am Eastern Standard.

Tue, 05/31/2011 - 10:48 | 1325303 Id fight Gandhi
Id fight Gandhi's picture

Quick run a memorial story of mark haines that will distract everyone.

Tue, 05/31/2011 - 11:03 | 1325346 Cdad
Cdad's picture

Nah...surprisingly, the BlowHorn [CNBC] has been doing a public service, preparing the people with a segment and poll about whether or not folk would engage in slaughtering their own food.

Something rather foreboding about that.

Anyway, onward now with utterly irrelevant programing!  Never mind the outside reversal day that is now gaining momentum.

Tue, 05/31/2011 - 11:43 | 1325513 topcallingtroll
topcallingtroll's picture

The market already knows the outcome of the debt vote today. Already priced in.

Tue, 05/31/2011 - 10:27 | 1325191 silvertrain
silvertrain's picture

I get it..Leak it higher then sheer the sheep...

Tue, 05/31/2011 - 10:25 | 1325196 agent default
agent default's picture

That's just one MP.  Unless something along these lines has actually been decided, why is it even important what just one guy said?

Tue, 05/31/2011 - 10:29 | 1325197 vote_libertaria...
vote_libertarian_party's picture

Is he the equivalent of a Congressman here making a statement.  One person doesn't make the policy.

 

Any signs of German protests?  Anybody?  Anybody?

Tue, 05/31/2011 - 10:31 | 1325208 SheepDog-One
SheepDog-One's picture

More like German street parties, upon leaving the EU!

Tue, 05/31/2011 - 10:33 | 1325235 desgust
desgust's picture

No, nothing. Just some freaks online.

Sheeple go on dreaming, spending, soccer watching. Now MSM says cucumbers are deadly.

Tue, 05/31/2011 - 11:01 | 1325334 SheepDog-One
SheepDog-One's picture

'Cucumbers are deadly'....well I suppose that depends on where people try to put them.

Tue, 05/31/2011 - 12:11 | 1325606 slaughterer
slaughterer's picture

Jorg Kackelmann--Germany's DSK--was racquitted from rape today.  The big distraction of the day, along with the FIFA, and the proposed ending of nuclear energy in 2022.

Tue, 05/31/2011 - 10:28 | 1325212 Caviar Emptor
Caviar Emptor's picture

GPap hastily arranging visit to Germany along with 50 restive Greek models

Tue, 05/31/2011 - 11:38 | 1325502 merehuman
merehuman's picture

and the sheep are dancing, wow! when will this illusion be recognized for the failure it is!

Am standing outside with toolbelt on and taping tools as well hoping to find work. A  man at mc Donalds said one cannot even BUY a job. Its  raining again, 6 out of 7 days it rains here in Oregon . Starbucks is still busy here in the more affluent white community of Happy Valley. Funny as none of them have a clue as to the USD status. But am hearing of many divorces, relationship breakups as women shed their jobless men. Oh, what a wonderfull world. depression for those on the bottom, normalcy for those treated more generously.  Discogged!

Am still in good humor and laughing, but it does truly suck to be homeless! Am able to laugh because i am well aware of the true nature of reality being illusion. i am merely a unit of awareness gaining experience in the material world most think is real. Nuts!

man on the street report     by merehuman

Tue, 05/31/2011 - 11:47 | 1325526 topcallingtroll
topcallingtroll's picture

A resilient mental outlook will help. You are a survivor. Good luck.

Tue, 05/31/2011 - 12:37 | 1325666 merehuman
merehuman's picture

Thank you. Am a stubborn german, slept in other peoples cars as a teen, never thought i would revisit that circumstance or meet others who are doing that now!! am feeling cheerful despite all this crap, go figure.

Tue, 05/31/2011 - 11:59 | 1325578 edotabin
edotabin's picture

after having called the prosecutor!

Tue, 05/31/2011 - 10:28 | 1325213 Nate H
Nate H's picture

Shaeffler not relevant so this comment not a big deal. He is pretty low octane fellow in Germany.  Its US equivalent is Roscoe Bartlett telling people to move out of cities before its too late

Tue, 05/31/2011 - 10:31 | 1325214 Doode
Doode's picture

Why were they ever in it in the first place - those dirty socialists?

Tue, 05/31/2011 - 10:29 | 1325217 Racer
Racer's picture

Rumour started by the WALL STREET journal... say no more....

Tue, 05/31/2011 - 10:31 | 1325228 Hacksaw
Hacksaw's picture

Does anyone really think Goebbels isn't going to bail out the German banks, I mean the Greeks?

Tue, 05/31/2011 - 10:36 | 1325242 Cognitive Dissonance
Cognitive Dissonance's picture

Not I said the little piggy.

Goebbels and Company just need to people to rise up in shared pain and suffering and scream in one unifying voice......."Print Oh mighty one, print away so that I may rest my weary head once more and dream of consumer heaven."

Or something along those lines. 

Tue, 05/31/2011 - 11:26 | 1325445 Problem Is
Problem Is's picture

Nor, I said the 3rd little piggy...

Schaeffler needs to learn that demagogy, nationalism and jingoism is no way to rise to political power and influence in Germany...

Now Schaeffler... STFU and let Merkel proceed with the bailout on schedule...

Tue, 05/31/2011 - 10:44 | 1325288 desgust
desgust's picture

No, but they will bail out their ass some day!

Tue, 05/31/2011 - 10:38 | 1325239 breezer1
breezer1's picture

it would be nice to know the price of gold in athens right now.

Tue, 05/31/2011 - 10:37 | 1325244 r50fHBWjzxE2
r50fHBWjzxE2's picture

Unfortunately Frank Schäffler is a no name in the German FDP. He is about the only one sitting in the German parlament who does understand what is going on. However nobody listens to him. Kind of the German version of Ron Paul...
...but the Germans need another century until they realise that he might be right.

As a matter of fact most Germans like government intervention. The omnipotent government is never big enough in their point of view. Instead they fear the free market and capitalism. They actually point to the US and say:"see, this is what happens if you have 'free' markets and we do not want this in our country."

Forget Frank Schäffler, most Germans do not even know him.

Tue, 05/31/2011 - 10:40 | 1325267 Azannoth
Azannoth's picture

Sad but true, communism was afterall invented in Germany

Tue, 05/31/2011 - 11:08 | 1325336 Rynak
Rynak's picture

Sad but true, (limited) communism would actually solve the "social" issue in a selfsustainable way (instead of throwing money at the problem).... something which a free market will never be able to do by definition (a free market on the other hand, however solves all the issues, which communism cannot fix).

EDIT: Actually, i would go as far as claiming, that as long as free market proponents do not make communism one aspect of their economic model, what they will get will always be a free market plus socialism.

So, before you equate socialism with communism the next time, maybe hold in a moment and think about if both are equal, or if its just you being a greedy envious egoist, ridiculing the equally greedy and envious altruists.

Tue, 05/31/2011 - 11:09 | 1325387 NidStyles
NidStyles's picture

They are the same thing genius. Next time read some Hegel before you attempt to interpret Marx.

 

Maybe then you understand that they are all the same. Fascism, Socialism, and Communism are all the same state endorsed slavery.

Tue, 05/31/2011 - 11:15 | 1325398 Rynak
Rynak's picture

I don't need to read anything, to understand that financing something with mandatory work of the consumers of said service/goods, is not the same as financing something with capital from non-consumers of said goods/services.

An economic sector selfsustaining itself, is not the same as an economic sector being fueled from external sources.

Tue, 05/31/2011 - 12:04 | 1325588 Rynak
Rynak's picture

Wow, 5 junks.... looks like i must have done something right!

Apparently, a lot of free market proponents here, who do not realize that their type of free market has a hole.... because it cannot efficiently deal with collective needs.... that defect is then compensated with socialism (aka "throwing money at the problem"). They could complement their model, by dealing with collective aspects in another way than a free market (communism is the most obvious choice here)..... but since they chauvinistically think that everything else than free market capitalism is the devil, they will continue to end up throwing money at the problem (socialism), while hypocritically complaining about it. Dichotomies FTL!

Tue, 05/31/2011 - 14:29 | 1326023 Azannoth
Azannoth's picture

You don't understand that Not every1 deserves to survive and not every problem of every man needs to be solved, as a wise Scottish proverb says 'Some people are only alive because it's illegal to shoot them'

 

And no the free market is not designed/intended to create an Utopia it's designed to filter out the chaff from the grain

Tue, 05/31/2011 - 16:21 | 1326244 Rynak
Rynak's picture

Oh, finally we clear and unambigiously get the true motivations behind some (not all) free market supporters: Darwinism.

What you however do not understand is:

That you are introducing darwinism in areas for no other reason than model defects. You are saying that people should die simply because the model is kaputt. To show this, lets look at one aspect where "darwinistic" free market models (or is it actually capitalism in general?) fail (and with failure, i here mean a model being unable to efficiently deal with a scenario - not on purpose, but simply because of the design).

First, i once again bring my old example: We have a hypothetical small island with 10 people. For simplicity's sake, lets say they only need bread to survive. At first, 10 people need to work fulltime, to create enough bread for everyone to survive. Then via technological advances, only 7 people (or 70% of time) are needed to produce enough bread for everyone. By common sense, there should be no problem at all - people should actually be happy about the increase in efficiency. But because current types of free markets (or is it capitalism?) only takes into account individual aspects, those who do not work at a given point in time die. Or if everyone works less time, everyone now earns only 70% of money (because no one - at least initially - will accept wages/hour to rise, because of more efficient production.... they will expect the opposite).

And why in such a scenario - basic needs for everyone - a scenario where it is clearly known ahead of time which and how many goods are required for the collective.... is there even a need for invidual trade, and this "profit" thing? That's right, there is none. It is the kind of goods/services that depend on needs of the entire collective.... not on individual aspects. Roads and water-supply are similiar cases. Free market capitalism in the current sense, simply cannot deal with such collective needs efficiently, because it can only do individual-based economics, and is at loss when it comes to collective-wide aspects.

Because it cannot deal with this, it has so far taken the lazy way out: Just throw money at it. Taxes as well as social programs. The problem in this case however is that it is unsustainable... because it still expects that the amount of wages/profits must be equal to the amount of produced goods/services... Which as we know since the industrial revolution is no longer equal.

Your "solution"? Just ignore the model defect, and let people starve and die if they are unlucky enough in this russian roulette situation.... heck, it isn't even darwinism, because it isn't even based on performance. What it is, is just fucking stupid assholery, and fatal denial.

And because you, and everyone who supports this idiocy, is such an asshole, the masses do not support it.... and thus, there will be socialism (throwing money at the problem), precisely BECAUSE you are unwilling to fix the defects of your own model.

After all, who would be stupid enough to accept death, just because some egocentric idiot isn't willing to address his own errors? Your mindset, is what makes socialism necessary. If you'd fix your model, it wouldn't be necessary.

EDIT: In this regard, that your variant of free market will never exist, precisely is an example of darwinism: The lifetime of your model is even shorter than that of capitalism+socialism: Zero.

Bottom line:

Where there are defective free markets, there will be socialism. Where there is socialism, there will be defective free markets.

Wed, 06/01/2011 - 05:28 | 1327829 Azannoth
Azannoth's picture

Are you physically or mentally 'handicapped' ? Cuz you take this issue so personaly like you where 1 of those bums on government life support, 'Terri Schiavo' type

Tue, 05/31/2011 - 10:45 | 1325274 desgust
desgust's picture

Yes, right. Germoney and France are SOCIALIST countries and Merkel is even one step ahead, a dirty dictator receiving her orders from USSA and the banksters )aka fucking Ackerman)!!!!Fuck the deceiver, the criminals, the thieves whatever nationality!

Tue, 05/31/2011 - 10:54 | 1325325 Rynak
Rynak's picture

Well, first impressions matter. You get some first taste of that supposed "free market" and "capitalism".... and it turns out all it does is create monopolies, trash and deception. So, in the minds of the sheeple, since all they ever experienced was "that kind" of a free market, and all that ever was proposed to them was "that kind of free market".... they say "Was für'n Scheiss.... all dieses Zeug führt nur dazu, dass ein paar reiche Geizkragen uns ausbeuten."

Or more simple: There ever only has been badly regulated "free markets" - since that is all they have seen and are proposed, they dislike it. I also dislike it by the way. Give me that old "big state" any day, over the shit that is going on now - that way, at least all wealth-classes of society exploit the economy equally, instead of a wealth transfer from one class to the other.

Tue, 05/31/2011 - 11:14 | 1325397 NidStyles
NidStyles's picture

Your German sucks. What are you Bavarian?

Tue, 05/31/2011 - 11:22 | 1325429 Rynak
Rynak's picture

Go troll someone else, idiot.

(And before the usual "What? I'm not a troll at all" comes as reply, notice that i used "troll" as a verb here, to imply that it is what you are currently doing)

Tue, 05/31/2011 - 23:53 | 1327571 StychoKiller
StychoKiller's picture

I'm pretty sure that El Presidente, Raul Castro, would welcome you with open arms into his "big state";  if that's not big enough, feel free to start learning Mandarin...

Tue, 05/31/2011 - 11:42 | 1325501 topcallingtroll
topcallingtroll's picture

I wiish we actually had free market capitalism in the usa. We just have an inferior version of statism.

Tue, 05/31/2011 - 10:37 | 1325247 desgust
desgust's picture

Ask someone in Germany if he ever heard of Schaefler. Nobody.

The Fdp as a party is ruined, dead, out.

 

Tue, 05/31/2011 - 10:44 | 1325249 virgilcaine
virgilcaine's picture

Rumor or Inuendo is good enough for these mkts.   These are our Global Mkts deep and liquid like the North Atlantic.

Tue, 05/31/2011 - 10:42 | 1325280 Reptil
Reptil's picture

The guy seems like a smart cookie. http://www.frank-schaeffler.de/weblog/1623

Tue, 05/31/2011 - 10:42 | 1325281 Printfaster
Printfaster's picture

"Told by an idiot, full of sound and fury, Signifying nothing"

OK, now what, Tyler?

Context please.

Tue, 05/31/2011 - 10:49 | 1325307 GOSPLAN HERO
GOSPLAN HERO's picture

Osama Obama is da man!

Where's my check, beotch?

 

Tue, 05/31/2011 - 10:55 | 1325329 DonutBoy
DonutBoy's picture

It seems to me the dynamic is the EU bureaucrats get together on the weekends and hammer out the "EU first and always" plan.  When the peasants show up during the week, they increasingly find reason to take to the streets or vote against the EUlites.  It doesn't look the EUlites will ever face the music, but the decision is going to be taken out of their hands.

And I say this with no air of superiority.  America is worse.  We have graced our bankers with trillions in new currency at taxpayer expense.  We have become a sick parody of capitalism.

The central bank is an institution of the most deadly hostility existing against
the Principles and form of our Constitution. I am an Enemy to all banks
discounting bills or notes for anything but Coin. If the American People allow
private banks to control the issuance of their currency, first by inflation and
then by deflation, the banks and corporations that will grow up around them will
deprive the People of all their Property until their Children will wake up
homeless on the continent their Fathers conquered.

Homeless indeed.

Tue, 05/31/2011 - 11:00 | 1325347 misterc
misterc's picture

Frank Schäffler is a lunatic backbencher with no influence at all. The Liberals are on the edge of extinction (now poll at 3%, limit to get into parliament is 5%) and are desparately trying to give the impression of being tough on the hard issues (social security, wages, bailouts).

They are all wankers and from welfare queen to billionaire, if there's one party every German can agree to hate it's the Liberals.

This has always been their approach for decades now: straight, hard talk and then they vote the other way round. Nobody gives a damn what some Liberal might say to some newspaper.

Tue, 05/31/2011 - 11:05 | 1325365 Reptil
Reptil's picture

lol

They're all politicians, that's what you're saying? ;-)

I think some can see now that a further bailout is not going to work, ever, and the dam might break even before their time is over on the pluche seats.

Tue, 05/31/2011 - 11:01 | 1325351 Reptil
Reptil's picture

More voices calling louder against the bailout and for Greece to leave the monetary union:

Former minister Willem Vermeend of the Netherlands:

http://www.telegraaf.nl/watuzegt/9920753/__Lees_hier_BRIEF_WILLEM_VERMEEND__.html?sn=watuzegt

http://www.telegraaf.nl/binnenland/9922424/___Griekenland_snel_uit_de_eu...

I'm sorry I really don't have time to translate this. :-/

Tue, 05/31/2011 - 11:06 | 1325373 virgilcaine
virgilcaine's picture

Red close Today would be a Greek Island Reversal Day..

Tue, 05/31/2011 - 11:19 | 1325421 Problem Is
Problem Is's picture

HA!
That is like telling your shifty, mooching brother-in-law he has to move out...

(After he told your wife 2 years ago he just needs a place to stay for a couple of days until his severance check shows up...)

Tue, 05/31/2011 - 11:35 | 1325490 topcallingtroll
topcallingtroll's picture

That is the greek crises, except you gave your brother in law a bunch of loans to help him get back on his feet and he blew the money and cannot repay you.

Tue, 05/31/2011 - 16:52 | 1326526 Problem Is
Problem Is's picture

Greek crisis, except: My wife and the sister's central bank agreed to me loaning the money while I was at the auto shop paying for the damage to the car the brother-in-law borrowed....

Tue, 05/31/2011 - 11:26 | 1325470 Problem Is
Problem Is's picture

Nice link. Boy, there is a picture of the Three Stooges:

  1. Sarkozy is Moe...
  2. Papandreou is Larry...
  3. That makes Merkel... Shemp...
Tue, 05/31/2011 - 11:36 | 1325454 Josh Randall
Josh Randall's picture

Who is setting up all of these Top Banksters ? Is this retribution from an inside group looking out for American interests ???

"A former chairman of one of Egypt's major banks was arrested Monday on charges of sexually abusing a maid at a Manhattan hotel - Mahmoud Abdel Salam Omar is accused of sexually abusing the maid at The Pierre, a luxurious hotel near Central Park and Fifth Avenue on the Upper East Side, police said."

http://www.cnbc.com/id/43221009

No way this stuff is a coincidence

Tue, 05/31/2011 - 23:53 | 1327575 StychoKiller
StychoKiller's picture

Maybe it's 'cause NY maids are hawt!

Tue, 05/31/2011 - 11:26 | 1325455 Temporalist
Temporalist's picture

Larry Fink Calls for Bailing Out the European Banks Before Restructuring Greece Et Al

 

"“The European problem is way beyond Greece,” Fink said in the interview in Hong Kong. “Greece is the most immediate problem. I find it very difficult to restructure Greece without the understanding that we’re probably going to have to restructure Ireland and restructure Portugal.”"

http://www.businessinsider.com/larry-fink-calls-for-bailing-out-the-euro...

Tue, 05/31/2011 - 11:51 | 1325528 ISEEIT
ISEEIT's picture

Don't forget lovely Spain. Spain will be what drops EUR to the realistic level of 1.27-1.28. When? Not soon enough for me. I'm short covering from 1.40. Glad to see the resistence to 1.44. If it falls though I'm still going to cover all the way to 1.52. Make any sense? On my timeline yes. Every $$ I put up to cover my short will cascade back nicely when the trip down begins. This bounce back from 1.40 stinks to high heavens. The USD is a piece of shit but the EUR is pure fiction. IMHO

Tue, 05/31/2011 - 13:17 | 1325768 citta vritti
citta vritti's picture

per Doug Casey: USD = IOU nothing but Euro = who owes you nothing

Tue, 05/31/2011 - 14:04 | 1325944 ISEEIT
ISEEIT's picture

So I'll go out on a limb and expound:

EUR is an ARTIFICAIL construct. USD sucks but has been around long enough to have become 'real'. The EUR was poorly conceived and yet survives because of huge forces who adore the grand scheme of a full integration of the global economy. The EUR was to be the 'cradle' of a paradigm shift, the outcome of which was to be centalized global governance by the same asshats who have got us to where we are today? "climate change" was to be a component of this plan.

I'm not buying into any of it. At any level a certain amount of dishonesty is to be expected. A CERTAIN AMOUNT. Not this fucking much however.

The lies give it away.

EUR goes first.

As always, IMHO

Tue, 05/31/2011 - 11:29 | 1325467 aloa5
aloa5's picture

No one knows Schaeffler in Germany....  perhaps some scholars of Silvio Gesell. And this is all you need to know about him (more than others know about him).

 

Tue, 05/31/2011 - 11:33 | 1325487 scratch_and_sniff
scratch_and_sniff's picture

Just incase i missed something today - DAX +1.7% Euronext 1.1% Eur/Usd +0.33%, Gold flat, Brent +2% etc...tell me it aint so!

Tue, 05/31/2011 - 11:49 | 1325535 monopoly
monopoly's picture

Do not pay much attention to day to day shit. Like what I got.

Tue, 05/31/2011 - 12:04 | 1325596 moldygoat
moldygoat's picture

Cue massive cyber attack stick save in 3.........2...........................

Tue, 05/31/2011 - 12:09 | 1325602 willien1derland
willien1derland's picture

As the Charade continues a quote from Marvin the Martian comes to mind...

 

Where's the kaboom? There was supposed to be an earth-shattering kaboom!

Tue, 05/31/2011 - 14:31 | 1326035 White.Star.Line
White.Star.Line's picture

Once the bailouts stop, the debt collection begins....

What country really needs to own land, water, and natural resources anyway.

Tue, 05/31/2011 - 16:20 | 1326380 TK7936
TK7936's picture

SCHAEFFLER is like a german Ron Paul, one of the few who denied there vote to the first Bailout

Do NOT follow this link or you will be banned from the site!