• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

SinK THe BiSMeRKeL...

williambanzai7's picture



"An appeal to fear never finds an echo in German hearts."

"A statesman...must wait till he hears the steps of God sounding through events, then leap up and grab the hem of his garment."

"I have seen three emperors in their nakedness, and the sight was not inspiring." 

Otto von Bismarck

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Tue, 06/26/2012 - 07:45 | 2560864 Fix It Again Timmy
Fix It Again Timmy's picture

Politician - the world's easiest job - Promise them anything and give them fiat.  How hard can that be?

Tue, 06/26/2012 - 09:03 | 2561162 williambanzai7
williambanzai7's picture



Mon, 06/25/2012 - 15:19 | 2559155 WhiteNight123129
WhiteNight123129's picture

Forcing european gov to stop wasting money is hte best service Germany is rendering to the citizens of Europe. That is a unique opportunity to reign in government spending. Politicians in France and Spain and Italy hates Merkel, but she will go down in history as a formidable figure who arrested the madness of governments imposing slavery on their citizens through taxes and inflation. Go Merkel (And I am French!)


Tue, 06/26/2012 - 08:51 | 2561123 Eally Ucked
Eally Ucked's picture

I'm a little confused by positions our posters take on Merkel actions. On one hand everybody is criticizing Bernake for mindless printing and on the other Merkel is under attack from all sides for her unwillingness to do it. So what is the best solution according to them, "print, no print, print, no print ......." stance? She's doing it.  

Mon, 06/25/2012 - 14:02 | 2558818 Treeplanter
Treeplanter's picture

The Krauts should have canceled Deadbeat Europe's credit cards a year ago.

Mon, 06/25/2012 - 19:52 | 2559958 Captain Planet
Captain Planet's picture

Accounts Receivable woulda been pissed

Mon, 06/25/2012 - 14:19 | 2558894 williambanzai7
williambanzai7's picture

The whole thing is one big clusterfuck. Ours is not as complex, just bigger.

Mon, 06/25/2012 - 12:37 | 2558416 Tirpitz
Tirpitz's picture

"A statesman... must wait until he hears the steps of God sounding through events, then leap up and grasp the hem of His garment."
Otto von Bismarck

Too bad the [F|M]erkel is deaf and lame.
Mon, 06/25/2012 - 13:44 | 2558714 williambanzai7
williambanzai7's picture

Bismarck is a treasure trove of quotes.

Mon, 06/25/2012 - 13:19 | 2558587 kikkoman
kikkoman's picture

And yet she knows how to play the German angst when she can benefit from it.

Mon, 06/25/2012 - 12:27 | 2558378 gojam
gojam's picture

Sink the Bismerkel !

Brilliant !!!!

Mon, 06/25/2012 - 11:42 | 2558128 slackrabbit
slackrabbit's picture

+1000 (inflation adjusted) Banzai... sometimes your genius scare us (compliment)

(whispers) Dude, we don’t know where you get your shit from but there’s a few of us who are willing to buy…

Mon, 06/25/2012 - 12:34 | 2558401 williambanzai7
williambanzai7's picture

I'm gonna start signing my works on order. Contact me on twitter or Flickr.


Mon, 06/25/2012 - 10:33 | 2557762 williambanzai7
williambanzai7's picture


This pointed-ear bastard won't pay
He won't let the PIIGS laugh and play
How dare he say "Nein" 
When everything's fine
Growth will be here any day!

The Limerick King

Mon, 06/25/2012 - 10:27 | 2557706 ParkAveFlasher
ParkAveFlasher's picture

Sisyphus rolling the epic Euro debt can.  Awesome!!!!! [edit] Atlas or Sisyphus? 

Mon, 06/25/2012 - 12:31 | 2558383 gojam
gojam's picture

It's Sisyphus, and you're correct it is awesome.

Edit: Oooops, it's say atlas in the blurb. I see why you said that now.

but Atlas didn't push anything up a hill ?

Tue, 06/26/2012 - 09:25 | 2561234 The Limerick King
The Limerick King's picture

Sisyphus didn't work for the rhythm...yeah,...that's the ticket! (not to mention I didn't know it was suppose to be Sisyphus!!!)

Mon, 06/25/2012 - 10:25 | 2557513 williambanzai7
williambanzai7's picture


The can is now popping it's lid

The Eorozone debt can't be hid

The montain's too steep

The danger too deep

Atlas is starting to skid


The Limerick King

Mon, 06/25/2012 - 12:23 | 2558345 Aquiloaster
Aquiloaster's picture

I hope it is Atlas and not Sisyphus pictured. Once the can rolls back down to the bottom, I hope we don't just shoulder it and start pushing it uphill again. Maybe we will learn something from this huge mess, but I am a bit cynical.

Tue, 06/26/2012 - 08:37 | 2561079 bshirley1968
bshirley1968's picture

The lesson has already been learned and repeated several times.

Start a war and distract the masses from the real problem.  Blame someone else.  Kill off millions to help unemployment.  Destroy infrastructure to create capital expenditures.  Tighten totalitarian control.  Wait for masses to grind themselves out in austerity and war.  Step in, pick up any remaining assets for pennies on the dollar, and start ponzi all over again.

That's the "reset" everyone is waiting for.

Mon, 06/25/2012 - 10:32 | 2557749 Nobody For President
Nobody For President's picture

Outstanding duo! This should be a king-sized.

Mon, 06/25/2012 - 09:23 | 2557456 Disenchanted
Disenchanted's picture



Oh...you mean the BISMerkel



Mon, 06/25/2012 - 09:58 | 2557584 WmMcK
WmMcK's picture

... grab the hem of his garment.

Is that where the gold is sewn in?

Mon, 06/25/2012 - 09:49 | 2557531 covert
covert's picture

the germans are giving away their own right to life and going the way of iran.


Mon, 06/25/2012 - 12:33 | 2558395 Tirpitz
Tirpitz's picture

Iranians have a right to live, too. They didn't steal a country, nor attack any oil-rich neighbors.

Mon, 06/25/2012 - 09:17 | 2557441 stant
stant's picture

debt charge the sunken hulk

Mon, 06/25/2012 - 09:08 | 2557406 Vince Clortho
Vince Clortho's picture

"I have seen three emperors in their nakedness, and the sight was not inspiring." 

Otto von Bismarck

But has he seen Hilary Clinton?

Mon, 06/25/2012 - 10:45 | 2557827 mendolover
mendolover's picture

Maybe that's what's wrong with Bubba!

Ding ding WB7!

Mon, 06/25/2012 - 19:48 | 2559948 Captain Planet
Captain Planet's picture

Or Sandusky!

Mon, 06/25/2012 - 09:30 | 2557473 Winston Churchill
Winston Churchill's picture

Excuse me whilst I wash my eyes out with battery acid.

Not a nice optic this early,just as well I missed breakfast.

Mon, 06/25/2012 - 11:44 | 2558135 slackrabbit
slackrabbit's picture

I'm at lunch and I'm still realing....its so wrong and yet so right...

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