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The Sept time frame looks about right. Equity / bonds markets absolutely blow out. Gold / silver / plat rise substantially.
Kids are off to school, US politicans back is session, Oblama unveils his "new" socialist version of deficit reduction policies...
Hope you are right but the red/green opposition is pro-bailout. Only the small FDP tries to get profile by opposing eurobonds. A real anti-bailout party is not in the parliament.
You write: "Angela Merkel’s party was absolutely destroyed in the German March 2011 elections, largely because she had been pro-bailouts and pro-the Euro" ... I don't think that was the case at all. There were many more issues involved. In Baden-Württemburg, for example, the CDU lost due to their stand on nuclear power (the elections occured just after Fukushima) and due to disenchantment with certain railroad projects.
Also, you need to urderstand that Merkel's party, the CDU, is one of the parties MOST LIKELY to want to exit the Euro. The largest rival party, the SPD, is much more pro-Euro and pro-Eurobonds. In fact, when important CDU members balked at the idea of Eurobonds, the SPD offered to help Merkel obtain a majority for Eurobonds in the Bundestag, if necessary.
If German voters wanted to protest against Euro, I don't think there is even a major party that the protest vote could go to.
So I think you are sort of off-track with your analysis of the German political situation. Sorry.
Correct. Graham Summers is full of krapp.
I wonder if the author has considered the enormous WWII guilt-complex that continues to embody German culture and politics. Polls can say one thing; it's quite another for people and politicians to follow through. The fact is that continued German guilt from WWII continues to influence German politics and foreign affairs. Although I think Germany is better off in the long run without the Euro, I somehow feel that this will never be allowed to happen. Germany will once again make the sacrifice they see as necessary to keep europe "united."
you're right - it's exactly this guilt complex that will (once again) prevent Germany from acting in its own best interest.
The problem with Merkel, and what could cost her the elections, is that she seems to be incapable of decisive action in either direction. She constantly just keeps trying to muddle through.
Support for euro in Finland is going down like a rock. One of the presidental candidates demands Finland to get out of eurozone and today the former prime minister Kiviniemi said at least Greece should be kicked out. Also mr Wahlroos, the chairman of the board of Nordea heavily criticised EU and the totalitarian elite in Brussels. He called Sarcozy and Merckel "delusional and out of reality" and said the bail outs of the southern europe+Ireland and the banking cartel was and is a huge mistake.
Hmmm. Is the predicted October crash now a certainty? If Merkel gets blown away in the september elections, the message will be clear: the plug on the Euro ventilator should be pulled.
What the "people" want is irrelevant. The politicians will do what their real masters, the elites, tell them to do. And if that means no reelection then they will be rewarded in other ways.
the EU will be breaking apart within the next year to 18 months
Unless you're sentenced to life, 12 to 18 months is not my definition of soon.
blah blah blah, free newsletter, I only need 1 muppet a day to sign up to the newsletter and I make a killing blah blah blah market crash blah
all this just to protect german and french banks! everyone else, eat s...!
The break out could be a head fake.
It is true that all EU members now are entitled to leave the European Union. But they can not leave the EU instantly at the same moment they decide to do so. There is a grace period for the EU, and during this grace period other EU countries can suck out the country that wants to leave EU as much as they want to.
That oscillation is typical of algorithmic functions coming to a mean. Fucking brilliant.
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