This page has been archived and commenting is disabled.

Germany is Already Printing Money… Deutsche Marks!!!

Phoenix Capital Research's picture




 

So… by now everyone realizes that the Euro is in major trouble and will no longer exist in its current form for much longer. However, the common view is that it is Greece and possibly other PIIGS countries who will be forced out if the Eurozone is broken up.

 

But few are talking about another possibility… GERMANY leaving the EU.

 

One who is talking about this is Dr Pippa Malmgren, a former economic advisor to George W. Bush and a former advisor to Deutsche Bank. According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU.

 

Malmgren states, “the social contract between Germany's citizens and its leaders preclude [debt monetization] given their history.” She adds that,  Germany has already begun to emphasize the need for a new EU Treaty that would compel fiscal harmonization, penalties for those that break the Maastricht Treaty rules and other undertakings that would harden Europe's defenses against economic default risks going forward.”

 

If this is true, and Malmgren is correct, then the Euro will absolutely IMPLODE. Germany is widely held to be the strongest balance sheet in the EU (though even the Head of its Central Bank admits that the country’s real Debt to GDP is over 200%).

 

However, compared to the PIIGS, Germany is relatively rock solid from a fiscal point of view. It’s also the largest economy in the EU. So if the Germany pulls out (70% of Germans believe the Euro has no future) then Europe will experience a wave of defaults starting with Greece and spreading throughout the PIIGS.

 

We’re already seeing hints of this occurring. Germany Vice Chancellor, Philip Roesler said on September 11 that Germany won’t participate in any more bailouts and that any German politicians who approve more bailouts is committing political suicide.

 

We also have reports of Sarkozy and Merkel screaming at each other in recent meetings. France has announced plans to possibly nationalize several banks just “in case.”  And Germany has dropped more than a few hints that it’s fed up with the situation.

 

Heck, even Alan Greenspan says the Euro is “doomed” to fail.

 

Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert.

 

Ignore stocks, they’re ALWAYS the last to “get it.” The credit markets are jamming up just like they did in 2008. The banking system is flashing all the same signals as well.

 

So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We're literally at most a few months, and very likely just a few weeks from Europe's banks imploding.

What happened in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to involve corporate, financial, and sovereign defaults.

 

On that note, if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.

 

Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).

 

Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.

 

Good Investing!

 

Graham Summers

 

PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.

 

And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 12/08/2011 - 00:19 | 1957230 simoniddings
simoniddings's picture

The article touches on how Germany has ordered the printing of Deutsche Marks. A printer is so useful that it can even print money.

Wed, 10/26/2011 - 19:56 | 1814851 Georgesblog
Georgesblog's picture

Currency collapses are deliberately planned and executed. This stag3e play circus is for entertainment purposes, only.  There are much more personal and immediate issues at hand.

 http://georgesblogforum.wordpress.com/2011/10/26/wage-slave-2012-update-10262011/

Wed, 10/26/2011 - 16:13 | 1814075 Dr. Engali
Dr. Engali's picture

Shit. I just waisted three minutes of my life. I didn't realize who the publisher was when I started reading. Yeah I get it. This is the big one. I really mean it this time. Get my "free" report. No thanks.

Wed, 10/26/2011 - 15:53 | 1813995 bbq on whitehou...
bbq on whitehouse lawn's picture

The problem with the euro is the banks want all or nothing.

Banks will not take less then everything. Its what they do hold out an fight tooth and nail for everything.

Will the banks get it all: AKA print or will the banks get nothing default. Choose. Because the banks have.

Wed, 10/26/2011 - 15:47 | 1813977 sullymandias
sullymandias's picture

"email required" does not count as a "free" report.

Wed, 10/26/2011 - 15:43 | 1813962 All is chosen
All is chosen's picture

Repetitive Summers with 'news' that is a month old. 

Anyone else feel patronised?

Wed, 10/26/2011 - 16:33 | 1814137 AbelCatalyst
AbelCatalyst's picture

I know!  this story has been around a while...  I posted something like this a few weeks ago thinking I was saying something new, and several ZHer's pointed out a few other sources who were sharing the same idea. 

Oh, one thing I find annoying - if you quote someone ADD THE LINK (not just the link back to your own sales page!!)   

Wed, 10/26/2011 - 15:39 | 1813947 rockraider3
rockraider3's picture

I don't understand the outcry against Graham Summers.  If you don't like his articles, don't read them.

But I will say that Malmgren's comment about Germany printing DM's is 1) Stale information as she stated this on 10/4/11; and 2) Already reported by another ZH contributor back when this was relatively new news.

Other than that, wish we had a second source to confirm this.

Wed, 10/26/2011 - 16:02 | 1813912 mikem54321
mikem54321's picture

Arrgggh...I've about had it with ZH and "Phoenix Capital Research." The only REAL research Phoenix does is with how much money he can collect from sheeple gullible enough to fall for his nearly daily, "The sky is falling!" scam which has been running for at least two years(!!) plus. I feel pretty certain I have read about his "DEFCON RED ALERT" warnings for a few years now. Ugh.

ZH is even getting a bit pathetic in that regard. All are getting close to the Martin Weiss Scam School "The Sky is Falling...Let's Steal Sheeple's Money" while we can motto.

Does anyone remember the US dollar is the reserve currency of the world. The euro is in second place.

As useless as green paper may be in the future, something like $15 TRILLION of that future green toilet paper is in the hands of foreigners. And don't forget the TRILLIONS of $$ the US government owes to foreigners which I'm sure they don't want to see evaporate. And most important of all, don't forget the US has the world's largest military by a factor of 10! 

We literally can kill anyone that bad mouths green paper with a number on it. See Saddam Hussein for example.

And if anyone bad mouths bluish paper (our ponzi partner) with a number on it (the euro) we can kill them too. See Gaddafi for example. 

Argggghhh. ZH is a Truth Writer. I give them respect for that. But sometimes "It's the end of the world NOW!" stuff is a bit self-promoting. 

Mind you, I don't argue with anything ZH or Phoenix writes in the long run, but what I do argue with is they don't see the other side of the argument which clearly says the end is not nearly here. The ponzi nations have a long ways to go before they fail IMHO. 

I blog the truth too and never collected a penny for my work at:

http://ttbth.blogspot.com/

I started my blog to help sheeple become people (mainly my friends). I admit I can't come close to predicting how, or when, it will all fall apart. I wish ZH and Phoenix would admit the same. Just print the truth, without all the hyperbole stuff like they know something that only they can figure out. NO ONE can predict when it will all end, or even how it will all end. 

Wed, 10/26/2011 - 15:23 | 1813885 melanie
melanie's picture

Germany just like the other European countries do not need to print their old currencies again. They were never destroyed when starting the euro, the old bank notes were just collected and stored.

Wed, 10/26/2011 - 15:16 | 1813851 lotusblue
lotusblue's picture

This post just a waste of time,Shilling for his little end of world strategies.I think I'll rapture.

Tyler,ZH is drifting into irrevelency.Too bad,it used to be accurate cutting edge.

Wed, 10/26/2011 - 15:02 | 1813786 Nothing To See Here
Nothing To See Here's picture

I don't know if this is a credible source, but it also says that Pipa Malmgren has announced that the Marks are on the printing presses right now. This paper also says that Börsennews has reintroduced quotations in Marks and that Hans Olaf Henkel is on board with a return to the Mark.

http://www.agoravox.fr/actualites/europe/article/l-allemagne-prepare-t-elle-un-101995

Wed, 10/26/2011 - 14:56 | 1813758 TK7936
TK7936's picture

"So… by now everyone realizes that the Euro is in major trouble and will no longer exist in its current form for much longer."

LMFAO!

Wed, 10/26/2011 - 14:52 | 1813733 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

...old 'information'...move on

Wed, 10/26/2011 - 14:38 | 1813625 jhm
jhm's picture

It is one thing to read that on the website of the notorious Walter Eichelburg since years, it is another to find it on GLP every six weeks but to see such a piece of utter useless disinfo here is frightening, to say the least. ;-)

Wed, 10/26/2011 - 14:29 | 1813574 Smiley
Smiley's picture

Printing Deutsche Marks?  Do you have ANY (verifiable) PROOF?

 

Rumors, conjecture, and hearsay belong on the president's teleprompter, not on a financial blog.

Wed, 10/26/2011 - 14:41 | 1813654 Ethics Gradient
Ethics Gradient's picture

If there is a small risk is absolute disaster with your population reverting back to stone age bartering and the mitigating action is printing some monopoly money at a cost of €3.49 and storing it in a shed, printing would be the only sensible course of action.

Regardless of her commitment to Europe or views on the Euro she'd need shooting if she hasn't ordered DMs.

Wed, 10/26/2011 - 13:52 | 1813334 Tense INDIAN
Tense INDIAN's picture

Tyler ...now u really got to do something ....u can read the comments.....please add some other NICER blogs.I cam recommend u some :

 

http://slopeofhope.com/

http://theslipperyslopeinvestor.blogspot.com/

 

http://www.marketanthropology.com/

 

http://goldscents.blogspot.com/

 

http://peterlbrandt.com/

 

 

Wed, 10/26/2011 - 13:33 | 1813251 e-recep
e-recep's picture

This baseless article does not fit in here.

Wed, 10/26/2011 - 13:19 | 1813187 falak pema
falak pema's picture

As merkel is not going all in today, its normal that she prepare plan B.

Wed, 10/26/2011 - 17:43 | 1814314 Zero Govt
Zero Govt's picture

if you have any idea what the plan is from that batty bitch please let us all know!

Wed, 10/26/2011 - 13:18 | 1813183 MGA_1
MGA_1's picture

That and Iraqi dinar.  Rumor-mill.  Right now they are all figuring out who's gonna take the hit, but I'm betting Europe figures it out - nobody wants the alternate.

Wed, 10/26/2011 - 13:16 | 1813179 boiltherich
boiltherich's picture

We have known for all these years the eurozone was an experiment that would probably eventually fail, and recently it has become clear that short of a "reconstruction" type of compelling event that creates a federal Europa (possibly a 1% chance of perhaps a small core of northern nations doing this under German hegemony) that it is failing and we agonize over the time it is taking for the obvious to become reality. 

But, if Germany is secretly printing Deutche Marks with the foregone intention of returning to their own currency thus effectively killing the euro it would be the insider trade of all time and someone somewhere should pay for that crime because there was a time when doing business with a currency you plan to dump as worthless and introduce a new one was considered an act of war. 

If tomorrow the euro were the equal of confederate money after the south surrendered then I think legally the USA should hold all contracts with Europeans switching away from euro to be void.  Like my 2009 BMW that I owe 50,000 on, hell with them, I know I bought in dollars which are then exchanged for euro soon to be D Marks at god knows what rate, what about the residual value?  Parts and service?  Contracts must by law must have clear and dependable terms one can count on which includes more than just the initial purchase but other factors that include good faith.  It would be as if your mortgage contract were suddenly switched from dollar denomination to Israeli shekles, your monthly payment is due in dollars but the value would from then on be dependent upon an exchange rate that was not part of the deal when you signed, it is changing the terms post facto. 

Wed, 10/26/2011 - 13:00 | 1813127 Van Halen
Van Halen's picture

I'm confused. Germany is printing DMs but also bailing out its neighbors in order to save the Euro? Are they looking to hold the Euro collapse at bay until they can get DMs in enough quantity to leave the euro and then convert back to DMs?

Wed, 10/26/2011 - 17:45 | 1814320 Zero Govt
Zero Govt's picture

the German economy should be run by BMW and not left to goons (politicians) and frauds (bwankers)

Sorted

Wed, 10/26/2011 - 12:52 | 1813094 Grand Vizier
Grand Vizier's picture

Is Graham Summers even a real person...  I've searched all over and all I can find is:

"Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s made presentations on investment ideas to high net worth clients in Dubai, Singapore, Zurich, Playa Del Carmen and his research has been quoted by Crain’s New York Business, Money Talk Radio, Reuters, and RollingStone Magazine to name a few publications."

No education can be found, work history, nothing...  Except that he was a Senior Financial Analyst for several investment firms in the Mid-Atlantic region...  Really, which ones...  Anyone could say that!  It's like a fortune teller telling you you're going to die, terrific but can you give me a few more details so we can judge your accuracy? 

Tyler, why do you allow him on here?  I don't always agree with your (all the Tyler's) postings, and probably agree with more than you think, but this Graham Summers takes away from all the good work on Zero Hedge...

Wed, 10/26/2011 - 12:38 | 1813050 Piranhanoia
Piranhanoia's picture

Was the story on this site regarding the DM being priced at 4.11 debunked in some fashion that I missed?

Wed, 10/26/2011 - 12:44 | 1813070 aleph0
aleph0's picture

DM being priced at 4.11 

 

No ... you misinterpreted that IMO.

The FTD is priced at 2.10 EUR x 1.985.. ( old legacy DM Xrate ) = ca. DM 4.11

Wed, 10/26/2011 - 12:53 | 1813099 Ahmeexnal
Ahmeexnal's picture

Half truths again.
Germany doesn't need to print more douche marks.
There's plenty of them that can be put back to circulation:

http://theoryofsupply.com/Bayer100Milmark2.htm

Wed, 10/26/2011 - 12:38 | 1813049 Quinvarius
Quinvarius's picture

If Germany is printing DMs, they are locked away in the same vault as our new 100's with gold color all over them.  It is pretty obvious that, without a solid global monetary standard, international trade doesn't work.  Everyone just prints their way to export superiority.  If I can see that, the bankers can see it.  And I have no doubt the next money that comes out will be gold backed.  All the bankers will throw down their cards at the same time.  It is the only thing that works.  Of course, they can always just wait to get pitchforked to death while nature makes the change on its own.

Wed, 10/26/2011 - 12:37 | 1813046 entropos
entropos's picture

I've not been able to find a single thing that corroborates Pippa's assertion. Nothing, nada zilch. No proof other than Pippa's says so isn't enough for me. 

 

Wed, 10/26/2011 - 12:35 | 1813034 Fuh Querada
Fuh Querada's picture

"According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU."

Pure disinformation, backed up by no evidence, highest quality bullshit.

Wed, 10/26/2011 - 12:34 | 1813031 Piranhanoia
Piranhanoia's picture

When you have insider information its all going down,  you prepare. Ready to leave so you don't get killed by the mob,  and you print your own currency knowing that it is the only way you have any chance in hell of remaining in your own country as anything but a prisoner or alive.

It is just systematic looting of every thing left. Not so complicated really. ZH printed the valuation of the DM last week, this announcement about printing was the week before.  Does anyone believe L'midget isn't printing francs as fast as he can?

 

Wed, 10/26/2011 - 12:34 | 1813005 aleph0
aleph0's picture

 " and for 1nce I believe a politician "

Is that wise ?
I usually expect the exact opposite of what they say.

BTW , one of the three Bundesdruckerien ( German Euro printing press ) - in Berlin - layed off a few hundred workers last year.
There were protests for a few days, then nothing more was heard .
The reason given was that they could print (German) Euro-notes "cheaper" in ( IIRC ) Belgium.
Yes ... "cheaper" was the reason given on German TV MSM News.
( Ever heard of a money printer that needs to save money ? )

I have tried to find old press releases via google .... strange that they now seem to be difficult to find.
The rest I leave to your imagination .

I'll have another go at finding a link.

 

AHA :

 

17. August 2010

http://www.bild.de/regional/berlin/berlin-regional/wowereit-unterstuetzt...

http://www.tagesspiegel.de/wirtschaft/berliner-bundesdrucker-sollen-weni...

 

 27. July 2011

... back in business again ( printing Euro notes )

http://www.rbb.tv/nachrichten/wirtschaft/2011_07/wieder_euro_noten.html

 

 

Wed, 10/26/2011 - 12:26 | 1812999 thunderchief
thunderchief's picture

A Minister and Quire Boy are fighting over something obscene.

A pedifile with a bonner is trying to mediate the situtation.

Can you say who are the Germans, French and Americans?

I can, and think they are in that order.

Wed, 10/26/2011 - 13:31 | 1813238 RichardENixon
RichardENixon's picture

Why Pope wear monkey hate?

Wed, 10/26/2011 - 12:24 | 1812990 stormsailor
stormsailor's picture

no see, they meant reichsmarks

Wed, 10/26/2011 - 12:23 | 1812987 Paul Bogdanich
Paul Bogdanich's picture

You will know we are within 60 days of the event when Mayor Bloomberg forcibly removes the OSW movement from their encampments.  He won't allow them to be there as a rallying point if a bank failure is inevitable.  So while things are bad they are NOT yet DEFCON 1 as the author supposes.  DEFCON 1 is when they forcibly quash the OSW in preperation for announcing that the banks need to be bailed out - again. 

Wed, 10/26/2011 - 12:19 | 1812976 Hannibal
Hannibal's picture

Let it rip! Gold Silver to the moon.

Wed, 10/26/2011 - 12:19 | 1812974 unionbroker
unionbroker's picture

just like in a marriage there will come a time when you weight the benefits and determine that it is over . Whether this is the time for Germany only they know.

Wed, 10/26/2011 - 12:26 | 1813003 Freddie
Freddie's picture

This idea that all Europeans could love each other and get along was always nonsense. They could have had a looser union where they cooperate but killing the Brussel's EUSSR will be a good thing.

Thanks to insane liberalism - the US is balkanizing.

Wed, 10/26/2011 - 12:19 | 1812970 NotApplicable
NotApplicable's picture

I see this more as adding leverage to their negotiating position, as the endgame is more integration via pain (enforcement of the treaty through political union), not disintegration. As much as I think the Euro is a farce, I don't think it (or the union) is going away anytime soon. To believe that Merkel would lead Germany away is a bit of a stretch.

Instead we are going to watch them break a bunch of eggs (while Greece heats up) to make a Euro omelette.

Wed, 10/26/2011 - 12:18 | 1812965 Don Birnam
Don Birnam's picture

I recall this Pippa Longstocking Malmgren reference running in an earlier ZH piece, from several weeks ago. Unfortunately, PCR has, as they say in the tabloid trade, been "scooped."

Wed, 10/26/2011 - 13:43 | 1813294 Withdrawn Sanction
Withdrawn Sanction's picture

Yep, this was referenced a week or 2 ago.  It's as stale as last week's bread.

How approrpriate their name is Phoenix...they keep rising from the ashes of their own burning.

Wed, 10/26/2011 - 12:21 | 1812961 Alvaro de Esteban
Alvaro de Esteban's picture

Anybody can seriously believe that a so big production and logistic operation needed for printing and distibuting a currecy for a country with more than 80 million residents could be executed in a TOP SECRET way???

Wed, 10/26/2011 - 14:02 | 1813410 DosZap
DosZap's picture

Alvaro de Esteban

Anybody can seriously believe that a so big production and logistic operation needed for printing and distibuting a currecy for a country with more than 80 million residents could be executed in a TOP SECRET way???

 

Sure, when the Govt is in charge, you bet.

If WE had a 1/1000000000 clue of things we do not about is our money ,and where it's going or how much.

The TPTF's only are privy to that info.

Wed, 10/26/2011 - 12:55 | 1813104 NetDamage
NetDamage's picture

Why not? It´s being printed in some remote Chinese ghost city just like USD these days.

Wed, 10/26/2011 - 12:36 | 1813039 Piranhanoia
Piranhanoia's picture

a rhetorical question,  or sarc?   

Wed, 10/26/2011 - 12:26 | 1812997 Fred Hayek
Fred Hayek's picture

Why should the germans care whether it's secret or not?  If someone finds out and tells Sarko, Bunga Bunga, GPap et al, then that's a huge threat that the germans can present to them. 

But, really, considering how little money is actually physical these days compared to electronic representations it's not nearly as hard as it used to be.

Wed, 10/26/2011 - 12:23 | 1812986 NotApplicable
NotApplicable's picture

If TPTB want it so, then sure.

The Manhattan Project employed over 130,000 people.

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