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Read This and Tell Me Germany Wants a Monetary Union
I’ve stated before that I fully believe Germany will be leaving the Euro. With that in mind, I want to draw your attention to recent comments from Germany’s finance minister, Wolfgang Schauble.
Wolfgang Schauble admits euro bail-out fund won't halt crisis
Europe's "big bazooka" bail-out fund is not ready and won't stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany's finance minister.
This is a pretty strong admission from the finance minister of the country that Europe looks to as a financial backstop. And the following is even more disconcerting for the future of the Euro:
Seeing in Crisis the Last Best Chance to Unite Europe
MR. SCHÄUBLE said the German government would propose treaty changes at the summit of European leaders in Brussels on Dec. 9 that would move Europe closer to the centralized fiscal government that the currency zone has lacked. The ultimate goal, Mr. Schäuble says, is a political union with a European president directly elected by the people.
“What we’re now doing with the fiscal union, what I’m describing here, is a short-term step for the currency,” Mr. Schäuble said. “In a larger context, naturally we need a political union.”
Critics say the spending cuts German leaders have demanded from other countries are hurting growth across the Continent, in the process making debts only harder to repay. And his proposals to give the European Commission far-reaching powers to enforce budgetary discipline have been likened by skeptics in Britain to an invasive new “super state.” Even some euro supporters fear that Mrs. Merkel and Mr. Schäuble are talking about long-term changes while panicked investors and practiced speculators are tearing the euro to pieces right now.
“There is a limited transition period where we have to manage the nervousness on the markets,” Mr. Schäuble said. “If it is clear that by the end of 2012 or the middle of 2013 that we have all the ingredients for new, strengthened and deepened political structures together, I think that will work.”
He sees the turmoil as not an obstacle but a necessity. “We can only achieve a political union if we have a crisis,” Mr. Schäuble said.
Note that Schauble repeatedly emphasizes the goal of a “political union,” NOT a “fiscal union” or “monetary union.” Indeed, his one reference to a “fiscal union” is in the “short-term,” while stressing that in a “larger context” the EU needs a “political union.”
The message here is very, very clear: Germany is interested in the EU as a political entity, NOT the Euro as a currency. With that in mind, consider the following story which received almost NO attention from the media:
-German Chancellor Angela Merkel's conservatives on Monday passed a resolution at a party convention urging the government to establish rules in Europe that would allow a country to voluntarily leave the euro zone without giving up membership in the European Union.
The resolution reads:
"Should a member [of the euro zone] be unable or unwilling to permanently obey the rules connected to the common currency he will be able to voluntarily--according to the rules of the Lisbon Treaty for leaving the European Union--leave the euro zone without leaving the European Union. He would receive the same status as those member states that do not have the euro."
http://online.wsj.com/article/BT-CO-20111114-712771.html
I fully believe that Germany is laying the groundwork for it to leave the Euro while still remaining a member of the EU. The alternative to this would be for Germany to demand other nations give up their fiscal sovereignty and make Germany a kind of monetary authority in exchange for additional bailouts. However, the likelihood of this option being presented is next to ZERO as ALL of Europe remembers WWII and the threat of German rule.
So I expect Germany to duck out of the Euro in the near future. It may happen in the next few weeks or it may happen in early 2012. But considering that the Federal Reserve had to step in to save the European banking system today I believe it will be sooner rather than later.
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Germany doesn't want a fiscal union but the banksters do.
yes there's nothing like a Union to hide a load of useless slackers
Govt is the other popular vehicle
Germany the first to step out of the Euro?
I suppose it is possible; but if they are the strongest economy and the biggest exporter where will the Deuthschmark land in terms of currency valuation?
A cheap Deutschmark would help exports but hurt German savers.
Oh wait, I've heard that before...
The worse the better bitchez
Again and again, the statements affirm the fact. The objective of commerce is always conquest. Just as one man tries to make another the extension of his will, so does political agenda, through commercial action. It has always been so.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
you just got junked by me for talking bollocks
Commerce is not about "conquest" ...it is about providing a service in a competitive market
monopolisation is about conquest of markets, resources, territories and even people
Real business people provide value and progress ...it's the fuking creeps/parasites that cause the carnage
Do your homework mate
Edit: The big players get out when they can, not when they want.
The dollar has had problems since the late 1960s. The central bankers were not ignorant of this fact, despite comments that sell outs like Greenspan were idiots. They are not idiots. There is no bigger player than a central banker, and they started preparing to exit this dollar/debt position a decade ago, and that's why gold climbed at a steady rate of 20-25% each year for a decade. That's why it is still doing so today.
The Fed has not been bailing out EU banks for three years just to have one of the biggest EU members join a modern day equivalent of a German/Slav/Mongol alliance. Utterly ridiculous.
The Fed and the ECB have been moving in lock step for over a decade, as evidence by the ECB going from about 15% of its assets denominated in gold to over 75%. The various players that matter in this conspiracy have been locked in, doubled down, and all-in for YEARS. They are so ahead of the crowd that they are now letting in smaller players like Mexico and S. Korea into the conspiracy, who are now engaged in panicked buying of gold before they run out of time. (and I would bet they are getting it from the IMF, The Fed, and the ECB.)
What's going to happen is the plan will go forward, or there will be a global systemic collapse.
The plan is for all the major trading partners to settle their trade imbalances with gold. To that end, gold has been accumulated for x number of years, the x representing when the particular country in question was let in on the plan. If Germany leaves the euro before the plan is ready, it will absolutely collapse the euro and bring about global systemic collapse. Anyone threatening the plan for real will be swept aside, so we know this kind of talk is just talk.
I disagree with the conclusions of the article. We have kicked the can and bought up gold for 3 years now, and Germany isn't going to do an about face and abandon the conspiracy at the 11'th hour. This is all show to placate the German voters and buy more time.
If Germany were to leave the Euro Zone, they would probably allign themselves with Russia and China. That would re-arrange the board and create new and interesting possibilities on so many fronts and levels. Remember in WWII they originally alligned with Russia and then broke that treaty. Another thing they did was to go after the banksters of their time. Will the great german people giv'er another try?? Interesting times indeed.
3rd times a charm
Some people have been saying all along this is a manufactured crisis!! A crisis to usher in the NWO and the one world currency! They are going to implant us with RFID chips soon enough!
If germany were to leave the Eurozone, Sarkozy would have a kniption-fit. Oh, and The Euro would sink like a stone.
To answer your other questions, you should read CREATURE FROM JEKYLL ISLAND.
its become very clear that bankers and their puppet governments have not targeted Putin for elimination. Why? because he knows too much. He knows who is really behind all this, and has been going after the so called Russian oligarchs for years. Interesting, if you look at the backgrounds of the oligarchs, a by now familiar pattern emerges...
nice typo on my part... was trying to say "have NOW targeted Putin"....
Mittel Europa, from the Rhine to the Urals...and a common RM base in Siberia/Mongolia/North Pole zone to be shared with China....History repeats... in 1245, Frederick II, Holy Roman Emperor of German Hohenstaufen stock, after the Mongol retreat to the Volga in 1242 which threatened Europe, proposed a Mongol- Holy Empire alliance to control the Slav regions : Bulgaria, Hungary and Russia/ukraine under Prince Yaroslav II of Vladimir and son Ivan Nevsky of Novgorod, vassal of Mongols and victorious rival to Teutonic Knigths under Holy Emperor, at Lake Piepus battle. This alliance never went anywhere but the Pope proposed the same to Hulagu when he invaded Mameluke Syria, who controlled Jerusalem.
So German-Mongol-Slav nation alliances are an old subject. Kublai controlled China as well, as did Hulagu Persia/afgh, and Batu Russia/Khazakstan (golden horde).
Fascinating, as China is now as dominating as was Mongol EMpire then.
Lebensraum