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40% Of Germans 40-49 Just Say "Nein" To Euro

Tyler Durden's picture




 

In news that is hardly welcome to Chancellor Merkel and her September reelection hopes, German Focus magazine revealed that a substantial 26% of all Germans would back a party that wants to quit the euro. Even more disturbing is that a whopping 40% of all Germans in the prime 40-49 age group are tired of supporting a failed monetary regime and will just say "nein" to the European globalist experiment at preserving the status quo if just given the opportunity. The Italian virus is spreading: the question is which "clown" will show up on the cover of the Economist in six short months, when at least one person will appear on the political scene to take advantage of the populist protest at endless German-backed bail outs, and what as Dylan Grice so eloquently explained earlier, is merely a reaction to central banker central planning manifesting itself in ongoing social breakdown.

From Reuters:

One in four Germans would be ready to vote in September's federal election for a party that wants to quit the euro, according to an opinion poll published on Monday that highlights German unease over the costs of the euro zone crisis.

 

Germany's mainstream parties remain solidly pro-euro despite grumbling over bailouts of countries such as Greece. A German taboo on nationalism, rooted in atonement for the crimes of the Nazi era, has helped to muffle eurosceptic voices.

 

But the poll conducted by TNS-Emnid for the weekly Focus magazine showed 26 percent of Germans would consider backing a party that wanted to take Germany out of the euro and as many as four in 10 Germans in the 40-49 age bracket would do so.

 

"This suggests there may be potential here for a new protest party," Emnid chief Klaus Peter Schoeppner told Focus.

 

The survey canvassed the views of a representative sample of 1,007 people on March 6-7.

Who will be the new German leader to appear from the ashes of populist anger? For now the answer is unclear:

A new eurosceptic movement called 'Alternative for Germany' (AfD) comprising mostly academics and business people is due to hold its first meeting later on Monday in a northern suburb of Frankfurt.

 

One of its founders, economics professor Bernd Lucke, told Focus he had no concern that it would be able to raise the required 2,000 signatures in each German region to take part in September's federal election.

 

AfD's website www.alternativefuer.de has been live since late last week and its Twitter account (@wahlalternativ1) counts 690 followers.

 

"Let's put an end to this euro!" is the message on the front page of its website.

 

"The Federal Republic of Germany is in the deepest crisis in its history. The introduction of the euro was a fatal mistake that is threatening our prosperity. The old parties are grizzled and worn out. They are stubbornly refusing to admit their mistake and correct it," it said.

And while it is unknown if Bernd Lucke or any of his peers will be the new "face" of German populist anger, one thing is certain: in Germany someone always appears in key historic moments to provide the angry masses just the conduit they desire. Whether it will also lead to preserving the European peace, the European welfare state, and preserving a banker oligarchy-enriching status quo, that we sadly can not say.

 

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Mon, 03/11/2013 - 12:06 | 3319408 Dr. Engali
Dr. Engali's picture

TPTB don't give shit what the majority thinks..they sure aren't going to give a second thought to people in the minority.

Mon, 03/11/2013 - 12:10 | 3319417 Buckaroo Banzai
Buckaroo Banzai's picture

In fact, this is exactly where they want to be. Divide and conquer. Split the people 50/50 (or 60/40, that's close enough), turn them against each other, and addle them with propaganda, drugs (both legal and illegal) and sex. Hope that they figure out a way to either kill each other, or kill themselves. And most importantly, remain hidden in plain sight, as all the wealth in the world falls into your lap.

Mon, 03/11/2013 - 12:22 | 3319446 spastic_colon
spastic_colon's picture

and then elect who the TPTB want anyway

Mon, 03/11/2013 - 12:30 | 3319472 Bicycle Repairman
Bicycle Repairman's picture

It's just not a "democracy thing."

Mon, 03/11/2013 - 12:33 | 3319478 Stuck on Zero
Stuck on Zero's picture
40% Of Germans 40-49 Just Say "Nein" To Euro

... and the others work for the government.

 

Mon, 03/11/2013 - 12:58 | 3319540 kaiserhoff
kaiserhoff's picture

You can get any answer you want from a poll.

So much depends on how you ask the question. 

Wait until the pain becomes a little more obvious.

Mon, 03/11/2013 - 16:38 | 3320501 negative rates
negative rates's picture

Havn't heard from my banker in a while, I wonder if she's okay?

Mon, 03/11/2013 - 18:12 | 3320820 earleflorida
earleflorida's picture

'a poll has many benchmarks, but the floodzone-peak is always the last to be breached... and always without warning-- for a tsunami's under-current wades in still waters?'

Mon, 03/11/2013 - 15:06 | 3320061 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

Nein = 9:1

As in 1 Neu Merkel Mark equal 9 Euro

They are setting the exchange rate

Mon, 03/11/2013 - 12:38 | 3319487 Ghordius
Ghordius's picture

sure. as in "40% of a very specific age-group" is "a majority" - am I the only one that asks why this biased piece from Reuters picks only one age group? and is not even able to produce a result above 50%?

knowing the Germans if you would ask the same question about the West-Mark and the Ost-Mark you would get a similar answer

and if you'd ask them if they would prefer one currency per German Federal State the result would be similar, too, with a resounding 80% for the Bavarian Free State (home of two private currencies, btw)

Tue, 03/12/2013 - 06:51 | 3321767 Tapeworm
Tapeworm's picture
A “Politically Explosive” Secret: Italians Are Over Twice As Wealthy As Germans Friday, March 8, 2013 at 6:02PM

The ECB and the national central banks of the Eurozone set out to collect “micro-level information” on household wealth. A massive bureaucratic undertaking. Surveys went out in 2010. Results are now ready. No one in Europe had ever done a survey on that scale before. And no one might ever do it again. Because, in the era of bailouts, the results are so explosive that the Bundesbank is keeping its report secret—and word has leaked out why.

Click to read more ...

http://www.testosteronepit.com/home/2013/3/8/a-politically-explosive-sec...

Mon, 03/11/2013 - 12:39 | 3319492 Ghordius
Ghordius's picture

I remember when consensus was that Germany is "reaping profits" from the EUR - what happened with that?

Tue, 03/12/2013 - 01:58 | 3321616 All Risk No Reward
All Risk No Reward's picture

Ghordius, what happened is that the Germans thought they were building and selling things to Greece and others with the money held by the other countries.

Now it is revealed that the German pension funds are liable for the inextinguishable debts the bankers loaned from thin air to the Greeks!

In short, the Germans are now realizing that they built stuff and sold it to people who were effectively spending their pension funds to buy it!!!

That's the short version reality, the longer version of this international banking cartel Art of War financial war strategy works like this:

1. Private international banking cartel corporate banking fronts loan money to Greece they know they can't pay

Debt Money Tyranny

http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77

2. Greece takes the money and buys lots of goods built in Germany.  Germans are happy at this point.

3. It becomes obvious Greece is going to default on private banks, so the the ECB, controlled by the very same interests that run the private banking cartel and the state governments that borrow money from said cartel, loans the money to Greece so they can pay back the private banking institutions in full.

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
~Napoleon Bonaparte

4. ECB, working as a front for the international banking cartel, demands colalteral for the money loaned to Greece and become determined to use German funded pension funds as collateral.

5. When the Greeks default on their unpayable debt, the German pension funds will be looted.

6. The international banking cartel financed bankster Vichy "media" will blame Greece for stealing German pension funds.

7. The schooled, instead of Trivium liberating arts educated, in Germany will suck their thumbs and blame the Greeks while the international banking cartel gets a pass - even though they are the demons orchestrating this colamity through a fraudlent debt based monetary Trojan Horse.

http://www.unpluggedmom.com/category/blog/education-transformation/edu-m...

(Start listening from the bottom up)

8. (speculation begins here) The banksters try and start up a war that will be so expensive that only a BANK OF THE WORLD (FOR THE CHILDREN!) will be able to issue debt, out of thin air, in which to finance the war.  Of course, the international banking cartel that fraudulently created the problem will orchestrate it such that they end up on top ruling everyone else.  They will be the supranational "world institution" with immunity from the laws that apply to the serfs working for the international banker multi-national corporate fronts or their subsidiaries.  The latter isn't speculation - we will almost all end up working for their version of the "company store' if they have their way.

The goal of the international banking cartel is to accumulate all the asset money they can while obligating society to pay all the liabilities that were created in tandem with the asset money.

For every dollar of asset money (a physical bill or bank credit), there is an outstanding mortgage, car loan, credit card loan, bond, bill, whatever that was used to create the dollar.

The banksters want the dollars and they want everyone else holding the obligations to pay the debt paper.  Of course, they want society to be on the hook for the toxic trash debt paper as well.

“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
? Ezra Pound

How to be a Crook

https://www.youtube.com/watch?v=2oHbwdNcHbc

Tue, 03/12/2013 - 04:11 | 3321685 Non Passaran
Non Passaran's picture

There was never such concensus.
There's no such thing as "Germany".
The capital, exporters and political class benefited, others less so.

Mon, 03/11/2013 - 12:38 | 3319477 hedgeless_horseman
hedgeless_horseman's picture

 

 

...one thing is certain: in Germany someone always appears in key historic moments to provide the angry masses just the conduit they desire.

Read the excellent book, They Thought They Were Free, by Milton Mayer.

"What no one seemed to notice," said a colleague of mine, a philologist, "was the ever widening gap, after 1933, between the government and the people. Just think how very wide this gap was to begin with, here in Germany. And it became always wider. You know, it doesn’t make people close to their government to be told that this is a people’s government, a true democracy, or to be enrolled in civilian defense, or even to vote. All this has little, really nothing, to do with knowing one is governing.

 

"What happened here was the gradual habituation of the people, little by little, to being governed by surprise; to receiving decisions deliberated in secret; to believing that the situation was so complicated that the government had to act on information which the people could not understand, or so dangerous that, even if the people could not understand it, it could not be released because of national security. And their sense of identification with Hitler, their trust in him, made it easier to widen this gap and reassured those who would otherwise have worried about it.

 

"This separation of government from people, this widening of the gap, took place so gradually and so insensibly, each step disguised (perhaps not even intentionally) as a temporary emergency measure or associated with true patriotic allegiance or with real social purposes. And all the crises and reforms (real reforms, too) so occupied the people that they did not see the slow motion underneath, of the whole process of government growing remoter and remoter.

 

http://www.press.uchicago.edu/Misc/Chicago/511928.html

Mon, 03/11/2013 - 14:26 | 3319905 aerojet
aerojet's picture

I'm pretty sure they figured it all out when they were being lined up to be shot; or hung, or killed by one of any number of other awful fates, including medical experimentation. 

Mon, 03/11/2013 - 12:26 | 3319459 SheepDog-One
SheepDog-One's picture

Who needs Euro's when we've got POMO's!

Mon, 03/11/2013 - 12:12 | 3319424 Cognitive Dissonance
Cognitive Dissonance's picture

We don't really think the Ponzi takes their marching orders from "We the People" (German or otherwise) .........do we?

Mon, 03/11/2013 - 12:22 | 3319448 Stoploss
Stoploss's picture

They're finally figuring out the Euro is the problem.

Mon, 03/11/2013 - 12:52 | 3319527 Ghordius
Ghordius's picture

sure. come on, spill your beans, enlighten us on why the EUR "is the problem". I just hope your aswer has some serious critical thought in it, like some reference to what has happened to the global reserve currency since 1971 or why the Danes and the Swiss currently peg their currency to the EUR

Mon, 03/11/2013 - 13:29 | 3319640 walküre
walküre's picture

The Danes and the Swiss? Nice one. Denmark had their Krone pegged to the DM for as long as I can remember and the Swiss are fighting a currency war - Swiss style.

What's Ghordius background and why is he so sure that the EUR is a good thing?

 

Mon, 03/11/2013 - 15:23 | 3320131 Ghordius
Ghordius's picture

what is walküre's background and why is he so sure that the EUR is a bad thing?

aha! see: "Denmark had their Krone pegged to the DM for as long as I can remember" why?

and what is the EUR if not a gigantic peg to the DM? or more properly speaking a currency grid?

and why do we have an history of currency grids in europe?

Tue, 03/12/2013 - 04:09 | 3321682 Non Passaran
Non Passaran's picture

Wth is that, a bunch of questions that are supposed to mean what exactly?

People who don't want the euro - and there's a lot of them - have every right to be against it and protect themselves from it by all means necessary.
I don't *care* about answers to your fancy questions, do you understand?

Tue, 03/12/2013 - 04:05 | 3321676 Non Passaran
Non Passaran's picture

Because it can't work without a socialist redistributionist government.
I thought ZH explained this a number of times.

Since 1971.: who said anything about the US dollar? Can the Euro suck on its own?

Why do Denmark and Swiss peg against the euro? Because most of their trade and investment is to/from eurozone.

The euro still sucks, and I hope it dies a very agonizing death :-)

Mon, 03/11/2013 - 12:18 | 3319425 JustObserving
JustObserving's picture

You can always count on the German public to be well informed.

According to a survey conducted by TNS Emnid, one of the largest polling institutes in Germany, nearly 90 percent of Germans do not believe the U.S. government explanation of what happened on September 11, 2001.

I will drink a German beer to that.  And another one if you insist on getting all your gold back - after all, it takes only 3 Lufthansa flights to get all your gold back.

Mon, 03/11/2013 - 12:21 | 3319444 Dr. Engali
Dr. Engali's picture

I wonder what percentage of Americans still believe the official story.

Mon, 03/11/2013 - 12:25 | 3319453 Jack Sheet
Jack Sheet's picture

The same percentage who believe that the Apollo moon landings took place !

Mon, 03/11/2013 - 12:34 | 3319480 ubjay
ubjay's picture

You can´t get back what has gone elsewhere.

That´s why they made up the story of 7 years.

Everyone will have forgotten by then.

Mon, 03/11/2013 - 12:16 | 3319430 dirtbagger
dirtbagger's picture

This is a bit odd, as Germany with its merchantilist policies, has been the primary beneficiary of the Euro Monetary Union.  Whether much of this money from German export surpluses trickled down to the line workers is another issue. 

Mon, 03/11/2013 - 12:23 | 3319450 Jack Sheet
Jack Sheet's picture

If with "Germany" you mean the big corporations; the politicians and their bureaucratic monstrosities in Brussels, all with cast-iron inflation-proofed tax-free salaries; and the bankers, I suppose one could speak in terms of a beneficiary.

Mon, 03/11/2013 - 12:25 | 3319454 ubjay
ubjay's picture

That´s not beneficiary when you get paid with a promise of an IOU.

Mon, 03/11/2013 - 13:32 | 3319654 walküre
walküre's picture

How many oranges do you want in exchange for that new Beemer?

Apparently Germany is owed a trillion EUR for products it sold within the Eurozone from the ECB.

How stupid can those in charge be not to understand the game they've been played?

Mon, 03/11/2013 - 16:42 | 3320533 Carl Spackler
Carl Spackler's picture

Schoen gemacht! (cannot type an umlaut on my American PC keyboard - without going into special characters)

This is the quiet theft from the German people.  It is history (Weimar) repeating itself. 

Real value, industriously built up and honestly saved over decades, is what is being lost here via a hidden wealth transfer to the deadbeats (PIIGS).  At some point, people in the Federal Republic might just look around and say, "Our standard of living has just dropped. What is going on here, and who is responsible? This was not supposed to happen."

The political class is playing the same charade of hiding reality from the German people via "socialization of the problem" as a false case to mask en masse value destruction.

Draghi is the modern day Havenstein.

And, German politicians and central bankers are letting Draghi quietly destroy their accumulated value to protect themselves (the political class) from looking responsible to the German people.

The longer the goes, the ever deeper the future pain for German middle class. Time to cut the losses and move on.

Mon, 03/11/2013 - 17:16 | 3320587 Marco
Marco's picture

Savings aren't real value in a fiat system.

The real value which was stolen from the German people was their productive output and it wasn't stolen by the PIGS ... it was stolen by the forces in Germany which surpressed German wages and bought up worthless PIGS debt and then handed the output to the PIGS on a silver platter, to the ultimate detriment of normal people in all countries.

Mon, 03/11/2013 - 15:17 | 3320106 Ion the Ion
Ion the Ion's picture

yep, it's all down to the currency. before it was introduced they were suffering great deficits with other european countries.

marks were so over-valued that a bmw cost 20-times a ferrari back then.

/sarcasm

Mon, 03/11/2013 - 17:13 | 3320623 Marco
Marco's picture

Before the Euro was introduced you basically knew that eventually the southern countries would devalue at some point ... this knowledge kept everyone slightly honest. Afterwards the markets thought EU countries were basically all too big to fail and debt got out of control.

I see an inflection point at 1999 :

http://www.tradingeconomics.com/greece/current-account

 

Tue, 03/12/2013 - 04:40 | 3321701 dunce
dunce's picture

I was in Germany from 57 to 64 and i can tell you that since then massive amounts of wealth was spread to across the the entire population. They have came a very long way. Some became much richer than others but that is a sign of a healthy economy. East Germany had lots of economic equality and little or no progress until the Russians left. The side by side  disparity between the two sides of the border helped bring down the iron curtain. I really do not like Germans but i am compelled to admire their resilience.

Mon, 03/11/2013 - 12:22 | 3319449 ubjay
ubjay's picture

More and more Germans begin to realize that the next poll could be the last one for decades.

The suckers in Bruxelles have never been elected nor has anyone ever been asked if they want the Euro.

They just recently produced a ridiculous propaganda video for 700 K €.

http://www.youtube.com/watch?feature=player_embedded&v=7FMzwoRzotw

Mon, 03/11/2013 - 12:25 | 3319455 SheepDog-One
SheepDog-One's picture

Aaaaand they're OFF to the races AGAIN! DOW up another +50, where it will no doubt stay all day...same with the rest of the week they have no other option than to PUMP PUMP PUMP until retail sheeple buy the bubble, which unfortunately for them will never happen because even if they wanted to, everyones broke.

Mon, 03/11/2013 - 12:36 | 3319483 BeaverFever
BeaverFever's picture

I'm long on Swastkas

Tue, 03/12/2013 - 04:00 | 3321673 Non Passaran
Non Passaran's picture

... and short on brainpower.

Mon, 03/11/2013 - 12:25 | 3319456 SillySalesmanQu...
SillySalesmanQuestion's picture

Silly German forty-somethings. They are not done looting you of ALL your money...

Mon, 03/11/2013 - 12:29 | 3319462 gabeh73
gabeh73's picture

Co-opting one of these parties is so easy. Just get one of the prominent leaders stuck in a honeypot and then he will start to comprimise with the "serious" leaders....while bringing his flock along with him. Nobody will want to point out that a "co-opting" has occurred, because then they are paranoid conspiracy nuts.

 

Half of the 26% will be battling the other half of the 26% about whether or not they were co-opted.

Mon, 03/11/2013 - 12:38 | 3319488 SheepDog-One
SheepDog-One's picture

I'm a bit confused, couldn't the headline just as easily have stated '60% of Germans SUPPORT the Euro'?

Mon, 03/11/2013 - 12:41 | 3319496 Ghordius
Ghordius's picture

nah, don't spoil the party, you clearly aren't thinking straight ;-)

Mon, 03/11/2013 - 13:18 | 3319601 hooligan2009
hooligan2009's picture

i think you will find that 60% of germans think that the euro is the same as the deutschemark, just on funny paper. sheeple exist everywhere. only 40% of any country give a shit about politics..i just wish it could justifiably be 100%

Mon, 03/11/2013 - 13:36 | 3319669 walküre
walküre's picture

before 2007 that number was closer to 80% in support of the Euro and the EU.

cracks weren't showing then and the people thought it worked.

it's not working - clearly.

Tue, 03/12/2013 - 04:50 | 3321711 dunce
dunce's picture

You should skeptical of any poll. I believe a good rule of thumb is that about 5% of the responders answer to any question is what, duh, wake me when it is over. Another 5% do not trust any pollster and do not want to be part of a fraud. Another 20% have strong opinions about every thing and are almost always wrong. Many polls have bias loaded questions designed to elicit a predetrmined answer. The purpose of some polls is to mold public opinion,not rflect it.

Mon, 03/11/2013 - 12:42 | 3319498 epi_tis_thalassis
epi_tis_thalassis's picture

It seems only us Greeks want to remain in euro... and that's most probably because we feel we cannot leave by ourselves.

 

Mon, 03/11/2013 - 12:47 | 3319512 Ghordius
Ghordius's picture

Germans like to grumble, huff and puff - makes their day, in the same way as moaning is the British past-time nr. 1

nevertheless they won't leave the eurozone, not at this stage, not the way it is now

Mon, 03/11/2013 - 14:19 | 3319867 Brit_Abroad
Brit_Abroad's picture

I have to agree. The conditions are simply not bad enough yet.

It remains to be seen wether they get bad enough and wether it is then too late to save much from the ruins.

Mon, 03/11/2013 - 12:43 | 3319503 PontifexMaximus
PontifexMaximus's picture

Forget about this nonsense, the Germans want their Bundesliga, beer and holiday. That's it, they are too lazy for a change and there is no reason for it.

Mon, 03/11/2013 - 12:49 | 3319517 Ghordius
Ghordius's picture

is that the standard response to: "the Italians want their Serie A, food and romantic entanglements"? ;-)

Mon, 03/11/2013 - 12:45 | 3319507 sitenine
sitenine's picture

TPTB only give a shit what the population thinks when it comes elecetion time, at which time they will throw so much fucking propaganda at the people that they will get reelected anyway. The system, the experiment, whatever you want to call it, has become more important than the people it is supposed to serve. The end result is not difficult to imagine.

Mon, 03/11/2013 - 12:54 | 3319533 Zwanni
Zwanni's picture

again,

 

According to the magazin Focus we have to talk about 95% who could imagine casting their vote for an anti-Euro party.

The exact question was "Would you vote for an anti-Euro Party?"

http://www.focus.de/politik/deutschland/wuerden-sie-eine-anti-euro-partei-waehlen_void_636.html

Unfortunately you have to vote to see the result

now, 30957 votes, 94,1% yes, 5,9% no

 

Mon, 03/11/2013 - 13:23 | 3319622 hooligan2009
hooligan2009's picture

excellent post...thanks for your trouble..this correlates to what i have heard talking to germans around dulmen/halteren..the germans have long been denied any opportunity to even vote on the european "experiment", let alone the euro and hate the idea of funding PIIGS that they perceive retire too early, don't pay taxes and have poor quality work practises..simply put, one day the germans will stop feeling guilty/shake off the evil legacy about/of the deaths from two world wars and re-assume some guilt free national pride.

Mon, 03/11/2013 - 13:11 | 3319580 22winmag
22winmag's picture

The other 60% are auslanders.

Mon, 03/11/2013 - 13:20 | 3319607 supermaxedout
supermaxedout's picture

The Germans will always have a problem with their currency, be it DM - which was permanently overvalued thus forcing the economy and the working population to be extreme to protect their standard of living. Or be it the Euro. The real tough time for Germany was during the 1990 and early 2000s.  When the Iron Curtain came down out of a sudden price competion was extreme tough. Labour costs just across the borders of Germany were often just 1/10 and the workers overthere were skilled and highly motivated and the borders for imports did not exist anymore. There was no costum duty at all. This was the crucial time for Germany. The window of opportunity to adjust succesful to this new economic order was very narrow. This was the time the "ueber effectivity" was breeded in Germany.  Out of the necessity to survive economical as a mayor industrial producer. When thinking back nobody could expect that the Germans would manage this situation so good. Avoiding to be pulled down and at the same time doing everything to make  East Europe prosper in order to create new markets for the German producers. Of course this could only be achieved because the East Europes population worked at least as hard as the Germans and the rest of the EU.   The was a European masterpiece orchestrated by the Germans unmatched in recent history.

Having managed this all succesfully till beginnning of the 2002 the Euro was finally introduced. This was another hard time for the Germans. The price for the Euro was substantial increased inflation for the Germans. This fact was hidden by changing the way inflation was calculated exactly starting by 1.1.2002.  However the population felt it of course. Out of a sudden the price for drinking and eating in restaurants went up extreme. More or less within two years the price was the same but this time in Euro not DM which means it doubled.  1 Euro was exchanged for 2 DM. Everything went up. This was the price the Germans had to pay, their currency was watered down exactly by 50% to say so.  This loss of purchasing power was holding the German economy down for years following the introduction of the Euro.

But this was the past and nowadys the Germans can live pretty well with the Euro which is in principle nothing else than the old DM watered down by 50%. 

But now things look not bad for Germany, Northern Europe and huge parts of Eastern Europe directly neighboring Germany or Austria (Poland, Slowakia, Czech, Slowenija).  Northern Italy did also participate in the present boom, while Southern Italy is staying problematic because North Africa (Libya, Algeria and Egypt is suffering which are traditionally economically connected with Southern Italy.

The Euro now is in favor for the German economy but the downside is, that transfer payments towards Southern Europe are ever increasing. But as famous German saying goes: One kind of death you have to die! Whether live with an overvalued DM or with the burden to share Southern Europes economic problems.

So,  its ok for the Germans, they would never get the idea to give up the Euro. The same accounts for all other countries of Euroland. There is no way back under normal circumstances.  To go away from the Euro has to be forced by war upon the Europeans. That is the only way it would work.  And this is not in sight at all.

 

So,

Mon, 03/11/2013 - 13:26 | 3319627 Curtis LeMay
Curtis LeMay's picture

 

Millions of Europeans Require Red Cross Food Aid

http://www.spiegel.de/international/europe/food-distribution-at-european...

Fuck the teuro

 

Mon, 03/11/2013 - 13:43 | 3319698 hooligan2009
hooligan2009's picture

thanks for this..makes you wonder whether the dollar is also a failed experiment

Mon, 03/11/2013 - 15:09 | 3320073 Motorhead
Motorhead's picture

Teuro in-fucking-deed.  I can remember the switch-over from the DM to the EUR.  Some places really did just replace the DM with the € sign.

Mon, 03/11/2013 - 13:28 | 3319629 Real Estate Geek
Real Estate Geek's picture

. Clowns on the cover of the Economist? If this continues there will be a house painter on the cover of Time.

Mon, 03/11/2013 - 13:29 | 3319644 hooligan2009
hooligan2009's picture

the economist is reverting to type ... it is a comic with less of an iq than charles m schulz

Mon, 03/11/2013 - 13:34 | 3319660 silverserfer
silverserfer's picture

thats funny beacuse the same percentage of that age demographic also says "ja" to being pooped in their mouth on weekends.

Mon, 03/11/2013 - 13:38 | 3319674 cricket
cricket's picture

Let's be clear about this, the official record of the survey stated that 25% of the total German population wants out of the Euro. That's 75%, 3 out of 4, who want to stay in.

Is it a slow newsday at ZH? Let's not drop the ball and keep bringing enlightend stories and keep the sh*te out of the posts.

Besides, if they would get out they would lose tons of cash and their Mark (or whatever) would appreciate to such high levels that they won't be able to sell a beemer to the average debt slave.

Mon, 03/11/2013 - 14:01 | 3319717 hooligan2009
hooligan2009's picture

the germans have sold a bunch of railways, planes, trains, automobiles to PIIGS that do not have the means to pay for them. ponzi schemes work like that..you find the next muppet....chirp chirp...

Mon, 03/11/2013 - 14:23 | 3319890 Brit_Abroad
Brit_Abroad's picture

If by sold you mean built, transfered, delivered and not yet recieved payment for then yes.

Try reading about the Target 2 payments, it'll help.

Mon, 03/11/2013 - 14:40 | 3319954 hooligan2009
hooligan2009's picture

you mean this?

http://www.princeton.edu/jrc/events_archive/repository/inaugural-confere...

from the intro:

As we will show, by replacing stalling capital imports and outright capital flight, Target credit financed substantial portions, if not most, of the current account deficits of Greece and Portugal during the first three years of the crisis, and a sizeable fraction of the Spanish current account deficit. In the case of Ireland, they financed a huge capital flight in addition to the country?s current account deficit. And, beginning with the summer of 2011, they have financed an even more vigorous capital flight from Italy and Spain. With the Italian capital flight, the Target credits have reached a new dimension and the ECB has entered a new regime, whose implications for the survival of the Eurozone should be discussed by economists. We can only touch upon the upcoming issues in this introductory piece.

not sure what your point is?

Mon, 03/11/2013 - 13:52 | 3319736 Kirk2NCC1701
Kirk2NCC1701's picture

Nothing (or very few) things could make the Fed or the Brits happier:  Breaking the Euro only strengthens the GRC status of the beleaguered USD.  And saves the Brits from an EU isolation.  And w/o any real rivals, the US-dominated NWO Elite can do as they please.

Germany goes back to DM?  "Bring it on, baby!" is their take.  Although you'll see all kinds of head-fakes and counter-rhetoric in this monetary mind-game, to fool the MSM and therefore fool the gullible and malleable masses (sheep).  Judging by the comments, I see plenty on ZH going for red-herring (false-flag) arguments, and taking the Fed's Wharfarin-bait.

Gold & Silver prices will continue to be suppressed if the confidence in the USD is stronger relative to a basket of other leading currencies.  In this scenario, stacking PM won't help you in the near future.  Only perhaps in a distant future... > 10-20 years out. 

IMO, you'd be better off buying productive land... farmers are getting old and people do keep on breeding & consuming, you know.  Just as there are scenarios where PM's are king (for a while), there are (more enduring) scenarios for food & clean water.  Best to have both, if possible.

Mon, 03/11/2013 - 13:59 | 3319772 otto skorzeny
otto skorzeny's picture

so good IA or IL farmground at $12k/acre is easily affordable-the reason there are so many old farmers is because THE YOUNG ONES CAN'T AFFORD IT. it's a bubble like everything else.

Mon, 03/11/2013 - 14:36 | 3319950 Rustysilver
Rustysilver's picture

Otto,

What's a typical size of a farm in IA or IL.  I am just trying to run some numbers in my head. $12k/acres x 400 =4800k plus equipment.

Wow.

Mon, 03/11/2013 - 15:05 | 3320044 MrSteve
MrSteve's picture

Kirk,

You violate the Prime Directive in your post where you tell of ZH sheep eating red herrings only to succumb to Federal Reserve rat poison.

Your admixture of metaphors is most illogical!

Your recommendation to buy land for farming during a serious drought is a riskier proposition than it first seems. The capital-intensive structure of farming today makes it a huge leveraged operation. If we are still in the throes of a debt-strapped economy, I can't see leverage doing anything but slowly killing the new farmer with interest payments while he sells his oil-driven costed product at auction prices. How has that been working out for the airlines or print-publishing businesses?

Mon, 03/11/2013 - 15:40 | 3320153 Kirk2NCC1701
Kirk2NCC1701's picture

Point on Prime Directive and admixture of metaphors well taken.  Dammit, Mr. Steve, now you sound like that pain-in-the-butt Mr. Spock...  going all logical on me.  ;-)

Your points on a new farm are valid also, if one sees it as a full-time job/business.  I should've made it clear, but having some "arable land" would probably make far more sense as part of one's "self sufficiency", than a new career.  As a personal choice, I'm all for being a gentleman-farmer (with revenue streams from other sources), but not a full-time farmer.  Farming is a very tough life and business, if treated as a lifestyle choice and business.  A few acres of good land for oneself however... different story.  In the scenario of having, say, $100k in cash, I'd use $50 on PM bullion (in home-safe) and buy a few acres with the other $50k.  Then build something over time on that land, and have some animals & garden for the fridge & freezer.  With farmers getting older, I expect food prices to climb, and I'd want to mitigate that.

Last summer, while surfing online for such land, I spotted 5 1/2 acres of prime agro-land for sale near Corvallis, OR.  Someone snapped it up for $55k before I could.  Probably bought by someone with a real-paying, day-job at HP in town, or an Agro-prof at OSU.

Tue, 03/12/2013 - 03:58 | 3321671 Non Passaran
Non Passaran's picture

Hey, that's the best reason for the continuance of the euro-terror I've ever heard!
Let's help the Euro banskters and politicians so that we can prevent the other scumbags from taking over.
Screw that.

Mon, 03/11/2013 - 13:53 | 3319753 observer007
observer007's picture

Germany: New Golden Mark?

Germany is on the verge of seeing its capital base plundered from the inevitable dynamics of this tragedy of the commons. It should leave the EMU, reinstate the deutsche mark (DM), and anchor it to gold.

http://homment.com/4cjHZ9B2hU

Mon, 03/11/2013 - 13:57 | 3319761 yogibear
yogibear's picture

Greece, Spain and Italy need to leech all they can from the Germans.  The ECB wants to avoid embarrassment and save face.

 

Greece, Spain and Italy,

It's money for nothing, checks for free.

Mon, 03/11/2013 - 15:05 | 3320058 lolmao500
lolmao500's picture

Will his first name rhyme with Adolf?

Mon, 03/11/2013 - 15:15 | 3320097 Nussi34
Nussi34's picture

There are 1300+ people at a anti euro meeting in Oberursel, a small town close to Frankfurt, at this very MOMENT!!!!

https://www.facebook.com/EuroAufkleber?ref=hl

 

 

 

Mon, 03/11/2013 - 15:36 | 3320199 rhinoblitzing
rhinoblitzing's picture

I beleive that every time the European Union was put to a vote of the people it was voted down - Even in France.

Please correct me if I am wrong.

Impeach Obama Now!

Mon, 03/11/2013 - 16:01 | 3320298 Totentänzerlied
Totentänzerlied's picture

Revealed preferences vs. indicated preferences. If Congress's approval rating was so, so low, why did so many incumbents hold their seats through an election? Never trust the self-report, actions speak much, much louder than words.

Mon, 03/11/2013 - 16:39 | 3320513 lolmao500
lolmao500's picture

Because people hate the other's guy congressmen, not their own. People are fucking stupid.

Mon, 03/11/2013 - 17:40 | 3320727 schadenfreude
schadenfreude's picture

The Germans gave up their defense by giving an unconstitutional ESM an almost free-ride, they lost their power at the ECB, Masstrich treaties were breached and all relevant parties in the parliament supported this approach. I expected the founding of a party, that wants to solve a monetary union earlier.

Now the MSM is going to marginalize and trivialize people of this movement until they are discredited. Almost impossible to fight establishment.

Mon, 03/11/2013 - 18:13 | 3320823 Pseudo Anonym
Pseudo Anonym's picture

does this guy, what's his face

Bernd Lucke ... : in Germany someone always appears in key historic moments to provide the angry masses just the conduit they desire.

does he like jew bankers?

Tue, 03/12/2013 - 04:16 | 3321687 pcrs
pcrs's picture

That awkward moment, when you discover that those who have always put a gun on your head and taxed you and who claim to serve you, turn out to not care what you want.

When the control over them you think you had in the past, turned out to have never existed.

 

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