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Angela "It's What's Right" Merkel Parody Paraded In Greece
Following Angela Merkel's address to her people this evening, explaining, "anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that's what is right," we thought it ironic that the people of Greece envisioned her in a slightly different light today during a parade in Patras. 'Union'? No tension here at all...
(h/t @tottensniper)
or this from Cyprus
(h/t @frankmanktank)
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It's like they're trying to make a full-blown crisis or something.
HAHA........they fucked up bad, and they know it!
EUROPEANS......START YOUR BANK RUNS!
Bring this motherfucker down!
Happiness returns to the world, when bankers jump off the fucking rooftops.
If you haven't started to be your own Central Bank long ago, then you are screwed.
I am my own Central Bank, but the goddamned Fed wouldn't accept my request for a bailout package, the cheap bastards. I was only asking for a couple of million.
Of course, what else would I expect, trying to pry money out of a banker's hands?
And now, my reserve assets have been lost in a boating accident.
Who would have guessed after two failed attempts in the 20th Century involving World Wars, that Germany would manage to take over Europe in the 21st Century without firing a single shot?
its called hard work BMW, VW, Audi and MB style.
"In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour. Yet Germany’s big three car companies—BMW, Daimler (Mercedes-Benz), and Volkswagen—are very profitable."
It's because they actually reward hard work rather than shit on it.
But without the strength of the Euro, the periphery would never have been able to afford to buy those cars.
Now Frau Merkel is trying to collect the bad debts of those countries for cars that should never have been sold in the first place.
It's like lending money to your deadbeat cousin (who you know can't possibly pay you back) so he can buy your car, and then trying to collect from him after he drives your car into a ditch.
Good luck with that...
i dont speak german but did merkel say that the rape victim must pay for some of the attackers expenses?
that gets more expensive in gang bang mode. Maybe those Indian rapists will take out a class action against that poor swiss woman.
"Cyprus doctrine! All those naked femen got our goat!"
Kinda on the subject, I was reading the other day of the glories of the old Caliphate Empire. Didja all realize that way back when they were excellent mathematicians, builders, scholars, engineers, had large comprehensive libraries and had excellent medical facilities. In fact, somewhere during the 17the century the Arabs discovered that in using a sheep's intestine, it was an excellent birth control method.
Then in the mid 1800's the English discovered that it worked even better when the intestine had been removed from the sheep.
thats baaaaaad...
"And that, my liege, is how we know the world to be banana-shaped."
Yes, she did.
In her oppinion its justice if small cypriot savers have to pay for cypriot bankers and polititians bs.
Ok, its better they pay then the rest of the european tax payers, but first they should have held the banksters liable.
Yeh, but they only work 3 hours a day......no wait, that's the French . Sorry Germany!
Got Silver???
Germany now produces alot of cars here in US-the German autoworker looks upon his US counterpart as a UAW member looks upon a Mexican autoworker
Here is Cali, the staff and admin parking lots of public schools are filled with all the cool EU cars: MBZ, BMW, etc. It's for the children.
Though it happened before that after so much sweat, doubling down and flying high on expectation (and a bit of cheating too), they fold just before the finish. Like it's destiny that a Balotelli comes along.
The assets are not lost, just write up some derivatives contracts for the salvage value of the sunken assets and sell them.
It would be wise to "estimate" what the value of your derivitized sunken treasure would be in say...100 years of inflation and value the contracts at that, thats how most banks are valuing their current sunken treasure (home loans that are underwater ) ;p
The world is so bad, that you cant even make jokes anymore without the joke actually being a plausible scenario......
Start your week out right, Hang a banker!
The sooner the FEDs are forced to implement the physical takeover of the US the better. Don't wait until the DHS is fully armed and into position.
Frau Merkel deserves a tungsten medal for shitting the bed.
Frau Merkel deserves a hot tungsten rod up her arsch. But again, it might excite her, she's German after all... and Germans are into kinky stuff... not judging.
Cripes, at first glance, I thought the small picture (Merkel with horns) on the ZH main page was a picture of Davros.
Similar, but you can still tell them apart.
http://images2.wikia.nocookie.net/__cb20120320200629/powerlisting/images...
Now that is an interesting take on the whole thing. The PTB in the EU are actually Daleks....
It makes as much sense as any other explanation.
The fact is Germany has been subsidizing and bailing out the PIIGS & friends. They are trying to draw a line in the sand. If they just bail out without limit, then the PIIGS will just spend without limit (into corrupt kleptocracies). Either via taxes upon German producers, or indirectly via debasement of the Euro via ECB monetization of bad debts. The moral hazard problem cannot be ignored. As willing as they have been to go along with the idea of preserving the status quo, they have too much decency to do the totally irrational thing and just print to pay any and all debts brought on by rank looting of the public treasury.
This Cyprus episode looks to me like the very first instance of what the deflationists always said would happen: bad debts entail the shrinking of the money supply. Up till now (since Lehman), all the bad debts have pretty much been transferred to the central banks who "expand their balance sheets" to receive them e. g. Maiden Lane and the worthless MBS. For the first time, the bad debts are recognized for what they are. You deposited your money in a bank that was insolvent, and now that bank is not able to make good on its liabilities (your deposits). The Germans come in, and make up the bulk of the difference. And what do they get for their generosity? Villanized as "deserving a tungsten rod up the arsch". Inflationistas like Schiff said the system would never have the integrity to let bad debts go bad, and let the people who regarded those bad debts as assets suffer their losses. Instead we would print endlessly so they were all nomimally made good, in the end bringing on the hyperinflation. And here is the first merest, slightest hint of not just printing to pay everything to everyone that might have been promised something by someone, and there's this waspish malignancy to paint the people imposing some rational constraint as perverse somehow.
I suspect the Germans want this resolution as a shot across the bow of those like Beppe Grillo and the Italians who don't want any austerity. Economics has been the defined as the science of allocating scarce goods to unlimited human wants and needs. And the moment some constraint is attempted to be imposed on states that want to grant everything to everyone, we see a great hue and cry that the person imposing the constraint is a Nazi. Thank Goodness for the Germans and Teutonic Virtue. It doesn't seem to be found anywhere else.
I'm guessing many have a problem with the word "generosity". It doesn't seem to fit here. Are you really arguing this is some sort of charitable act? This allows a perverse status quo to continue. True, many Europeans may want the party to continue so they keep their social welfare state with all the bennies. The Euro is a tool for Germany to dominate at the least cost possible. It is indeed "generous" to let this illusion to continue a bit longer.
The Germans (or those in the EZ that are capable of paying, as opposed to taking, anything) are _giving_ 10B euro to spare the Cypriot depositors losses they would otherwise suffer. That's not generosity?
I think the highest road would have been to refuse to print anything for anyone and refuse to subsidize the corruption in the kleptocracies. They no doubt felt pressure to help, and to prevent the falling apart of the eurozone for light and transient causes. I'm hoping that they are finally at the point of not just caving in to everyone for everything, and finally demanding that the corrupt kleptocracies pay _some_ price for their looting.
BTW thanks for actually reading my post. You homed in on what I suspected people would object to, if they understood what I was saying.
Frau?
Just call her the Merkelsatan (die Merkelteufel).
...oder Merkel, die Geistig behindert Trüffelschwein.
Ihr Kommentar ist gemein und grammatisch inkorrekt.
Leider ist dein Kopf sehr krank, nach US 'amerikanischer' Staatsbürgerismus.
FRAU MERKEL!
http://www.youtube.com/watch?v=zdIID_TGwhM
Fucking fat bitch is talking out of her big fat arse.
That is what I was thinking. You must be fucking insane, drunk and high on meth to come up with a plan as the one set forth in Cyprus. It`s nuts. I don`t know what they are cooking but its something big, this Cyprus deal smells like a huge false flag, mainly because all the MSM is all over it. How many outlets reported the NDAA? Also, this will feed Grillo in Italy, other extremists in Greece, Hungary is the craper big time. Romania, that is another country down the drains. Austrian banks, with all those flats in the Ukraine, Poland, Romania and Hungary, now there is a good business model.
Having the situation so volatile I`m amazed they came up with the Cyprus story. $17B is peanuts for the ECB/IMF, they could just have had given them the loan, another blip in a news feed, DOW to new highs! But confiscation of property, in the European Union?! WTF! We have the Charter for Fundamental Rights within the EU, property is sacred ...until it isn`t. Its fascinating, I have no clue what they are preparing for the sheep, but it will be big, and it will go something like due to the escalating situation, derived from the Cyrpus debacle (blame Cyprus) we will now close the borders, close the banks, have you arrested, have your metal confiscated and so on. For the good of the state and the many of course, you gold and food hoarding bitchez!
+1 could not upvote you
Dude, on the scale that Cypriot banks do business, this is a significant amount.
This is about revenge, or teaching someone a lesson. But the amount Cyprus is expecting is not small. Think scale.
Irelevant,
+1 I could not +1 you because your post started with italics (i think).
Anyway +1.
William, calling William the menace, to best this brilliant parody of Gretel lost in dark forest of debt frenzy remedial pain.
Frankly this is worthy of a Nobel Peace Prize....
Does this mean a fiscal union solution is off the table?
This is the fiscal union...they will loot accounts one by one.
EURidiots ... alla youse ...
Money as an exchange. Between hate and anger. Do i see a head on a stick?
Possibly.
Will this start the banking dominoes tumbling? Regardless of the final "levy" in Cyprus, if bank runs start in European Disunion (love that, Tyler) then bank failures will follow. Ignore Cyprus, Spain, Italy... When the banks fail in Germany or UK it will extend to the U.S. banks. Bank holiday, coming to a bank near you.
Merkel, another biatch who should be hanged, drawn and quartered.
Merkel can claim to take this bitching to perfection.
She would have been ready to tell her people all their savings are gone but the good news is they are given the chance to make the state whole with a 50% real estate levy
5 years ago. Now she will say anything like with a straight face, announcing the next best dictator thing "without alternative" while having breakfast .
She might take the EURO to his well deserved grave and get
all the praise for it but her Endsieg- talk without alternatives is sickening, to say the least.
Merkel the Erkel "Did I do that!?!" (upon finding that she destroyed the Euro)
Archduchess Ferdimerkel:
Stay the hell outta Sarajevo, bitch!
I suspect Merkel is worrying about elections later this year, and understand the German people are fed up with recession after bailing out the PIIGS and listening to France. She probably took this stance out of political expediency, and is essentially saying if this blows up, it's going to be every EU country for themselves. But if the EU holds together this summer and she and her parry survives, you can bet it will be more kick the can down the road.
The only way Europe REALLY survives is if the German anti-EU party wins and tells all the can kickers to go to hell.
Nothing will change till Italy and/or Germany tells the EUrocrats to go to hell. Anyone big enough to take the whole thing down at once...
True, but since Germany is an export country, they benefit from the Euro vs what would be a much stronger Deuchmark. You can bet this will be the way the election will be framed. The real quesion is will the EU make it to German elections, (which I think are in September) or will this and more EU crisis change the entire dynamic? As to Italy, I would say that is the better chance of being the domino that makes the EU fall.
I'm pretty sure germans know how to weaken their currency...
German currency was always weak. Only rich people could
by Swiss francs, dollars could be had for a bucket full of deutschmarks by the very rich and pounds were always
out of reach , before Soros got the pound busted a German
tourist had to give almost 3 DM for a pound that bought
him LESS than a single DM at home. Go figure, German money only had relative strength towards other weaker European
currencies that coincided with their favorite holiday destinations.
To present and former reserve currencies the Germans had limited convertability to, anything quoted in DM was very
cheap and still is in the EURO surrogate while salaries are
less than half as in pre- 2002.
How did Germany ever build itself into a powerhouse without the Euro? Seriously.
"Ignorance is bliss." -1984
Anybody know if there were any military/police on the streets in Cyprus or Greece prepositioned for this? Curious.
Anybody know if there were any military/police on the streets in Cyprus or Greece prepositioned for this? Curious.
Pre planed total take down...Thank you Banksters.
I'm moving all my money to the stock market and turning Gay. Now is a great time to invest.
Bob Pissani has some good tips re: both of your decisions...
You should join CNBC too, a trifecta
Hi-ho fella!
I think that just "sucks" Jugdish! I've thought about about picking up a few REITs and/or Refiners but tubesteak is just too much.
Post deleted. It was a witless joke.
this really feels like Sept 1939, the invasion of Poland all over again...They just now do it with Euros instead of Panzers...
I wonder how long until we witness the City of London Blitz No2...
I bet Mr. Schauble having his Finance Ministry in the former Luftwafe headquarters in Berlin was a choice dictated by an unconscious preference for both National Socialist aesthetics and Blitzkrieg tactics...
I have some distant cousins in Ost Prussen. I think that someone is cleaning up the wolf's lair.
If Germany is able to continue clipping PIIGS depisitors then euros will take flight to the core for the perceived safety. Drained peripheral nations will either have to massively expand government spending or face crippling deflationary collapse.
If they choose spending, then their bond issuances will have to attract core euros and that comes with strings attached. In other words, Germany will take over fiscal policy.
The alternative is to leave the euro and devalue after suffering a massive capital drain to Germany.
At face value it looks like a successful conquering of the periphery by Germany. In reality, it's only the non-financial players who see it that way (who, incidentally, have a stronghold in Germany (manufacturers)). The truth is that German banks are too exposed to the periphery to let it go up in flames.
If the periphery blows, then the Germans, up on their high horse ( with reason to be) will suddenly find their own nation blowing up in their faces thanks to Deutsche bank et al. It'll come as something of a rude shock.
Maybe they figure that they can spook enough capital out of the periphery that it will flow to be looted in the core to fill the core's own black hole of a banking sector. One hell of a gamble to be making.
More likely that Merkel is simply losing ground ( for her banks) as popular opinion in the German electorate swells against more bailouts..
Yep, it looks like Merkel is trying to thread an awfully small needle. Trying to keep the EU together to save her banks and export economy, while balancing the rising anger of the German people against the bailouts of the PIIGS. With Germany in recession, it is clear the Merkel strategy up till now is not working and the likelihood is that she will lose re-election. This may be an attempted hail mary to change that trajectory, but I don't see how.
Commerzbank will be first.
I wouldn't go from Greece to Germany, I would go from Greece to the US or Switzerland. Get out of the Euro entirely. Better. Get out of cash entirely.
>>Angela Merkel's address to her people this evening, explaining, "anyone having their money in Cypriot banks must contribute in the Cypriot bailout.<<
-----
Will someone bring a class action suit against EU for inflicting on the rule of "deposit guarantee" (government guarantee of return of maximum deposit amount of EUR 100,000 per depositor)?
Here is a German version btw:
http://www.haz.de/var/storage/images/haz/nachrichten/panorama/uebersicht...
Funny. Note the words "You must save" on the flag on her arm.
But you do realize that this was a float at Carnival? So it's all in good fun.
The Hun The Hun the horrible Hun.
I hear there throwing babies out of incubators as we speak.
The Cypriot one has more class. :)
somehow cnbc will turn this whole europe crisis into a positive for the u.s stock market.
tommorrow on squak on the street,'' i am very bullish on u.s equities right now, with all the turmoil in europe, those people have to put there money somewhere, and the u.s is the safest place to do so. buy buy buy''.
asia better be down at least 3 plus percent tonight, this is as bad of news out of nowhere as there can be.( we all saw this coming, but the street didnt)
O Bummer Drones are on the way go usa.
"anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that's what is right,"
So, someone who chose their bank poorly can either pay the government a tax for their bad decision in trusting that bank OR risk losing everything in that poorly, governmentally regulated bank?
Whats not to love about this arrangement?...ROTFL!!!
At last it is clear as day that this is not "tax" it is just the amount the robber elected to take. All the fairy tales of social contract can just get torched. Well armed guys are taking, peasants are giving and this is it. Allowing masses to choose either blue prince or red prince to be ruling right now - changes nothing, except for confusing the peasants.
"At last it is clear as day that this is not "tax" it is just the amount the robber elected to take."
I believe that was my opinion of ObamaCare...but I was over ruled by the majority...so I feel much better now for having bathed in their infinite wisdom ;-)
If we keep going in this direction, banks might have to actually compete on the basis of the solvency of their balance sheet. We can't have that, can we?
Who will fall next to this madness?
And, will "they" see the error of their ways with this move and reverse this "bailout" seeing the harm it is doing ot the EURO?
NO
It will be labelled as Grillo's fault what with crazy fuckers taking over, destroying confidence in well established EU institutions.
Bush's fault as it's about time it was resurrected
White people's fault as like Detroit had they not left the city it wouldn't have gone bankrupt
Gold holder's fault as they're speculating against the system (as per Krugman here yesterday on ZH... like, WTF has holding a traditional barbarous relic got to do with bankrupting the system and if it does, why the government holding it as they're doing a fine job of bankrupting the system already)
Tea Party's fault (self explanatory)
Fat white Bible and Gun loving males
UKIP (self explanatory)
Global Warming (self explanatory)
Nope, not the problem of the EU or Euro all of which are logical sane and for your betterment, peasant.
So, in summation, Birkenstock wearing, gun totin, white Tea Partiers, born in Maine, of Italian decent, quoting scripture from Al-Gorzeera's epic, an Inconvient Currency?
Who?
She really is fucking stupid.
Shes a puppet stupid, their all FUCKING PUPPETS. The controlling hand is fisting all their political asses.
Know thy enemy
"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." John Dalberg Lord Acton
Right or wrong, Merkel is consistant. I admire that in a politician.
Merkel's position has always been "Nein!" to fiscal unity. She has clearly stated that as long as she is in power, Germany will not guarantee deposits in other Nation's banks. Period.
It's rare to see a politician on any continent stick to their position.
Would you prefer that she agree to have the EU backstop the Cyprus banks' guarantees to depositors' funds, after insisting that she would not under any circumstances allow such a thing? Would that make her "smart"?
It's the fucken jew banksters fucktards...Don't yea ever learn.
The Germans will be hated because of a ___________ controlled bankster cartel. Who invented the Euro?
Who controls the world Bank and the IMF?
Who controls the BIS?
Who collects the interest on the national debts?
Who is the most outspoken in the USA government to strip us of our Gun rights? What dual citizenship do they hold?
Who controls all the MSM outlets in the USA? Who controls BBC?
What is the only country that disregards the most UN resolutions. Why do they refuse to sign the NPT. Why do they have Nukes?
Why is Iran vilified for signing the NPT and following the rules?
Why was MAD good for the USA and the soviet Union but not for them and Arab counties?
Who bank roles the wars and profits from the winner and the loser?
Why do they practice what they want everyone to pity them for? Why do other counties let them get away with it?
Why does this tiny state control the USA?
But DON"T ever say it out loud SHHHHHHHHHHHHHHHHHHHHH its a secret. The slaves might catch on and do something about it.
“Truth hurts. Maybe not as much as jumping on a bicycle with a seat missing, but it hurts.”
-Naked Gun
Observation: 8 up, 0 down. Nothing too overt, but framed tactfully. Interesting takeaway.
WTF?
Bye bye Spain, Italy, Greece, Ireland, Portugal bank deposits, and banks.
bye bye Santander. Aren't they the biggest bank in Europe?
They want Moar and moar and moar and moar.....
In the midnight hour she cried "more, more, more"
With a rebel yell she cried "more, more, more
Bad luck for the Greek that they can't sing worth a dime...
As long as they've got the time and the money for that kind of shit the rest of Europe is still paying too much for them. Only a stupid dog would bite the hand it expects to feed it.
I don't know if this was also reported in the US, but according to a Greek blog (that generally is good), Merkel told the PM of Greece that if he did not fire more government workers, Greek banks would meet the same fate as Cyrpriot banks. Even if it isn't true and only a rumor, it could still cause a bank run. Who knows what the plan here is?
Here's the link to the Greek article:
http://www.kourdistoportocali.com/articles/19438.htm
those responsible are the fu$Ck1ng evil banksters you moron
the greek soccer player was right. heil merkel!
Euro plummets, USD skys... which lever do I pull?
Signed,
The wizard of Fed
Keep on biting the hand that's feeding you, Greeks! Yeah! You show 'em who's boss! Tell the Germans to work harder for you!
Well, here is an Irish Poem I just wrote in pigdin German:
Dichtig
Frau Merkel sagte, "Ja, dies ist richtig!"
"Zu packen die Geld vollstandig!"
"Und besser fur ganzer,
Als senden die Panzer
"Verpiss Dich! Unser Geld ist sehr wichtig!,
(You can copy and paste this into Goodle Translate, then hit the speaker button, and you can hear it in German.)
And here is an English translation:
Tightness
Mrs Merkel said, "Yes, this is correct!"
"To tackle the money completely!"
"And better for all,
Than send the tanks
"Piss off! Our money is very important!"
Squeeky Fromm, Madchen-Reporter
The avalanche has already started. It is too late for the pebbles to vote.
The Hitler bunker parody for the Cyprus deal is out already.
http://www.youtube.com/watch?feature=player_embedded&v=K5R2JyU_MKg
Regarding someones (gwar5 ) earlier question about troops etc on the streets,perhaps no coincidence the British government has offered to compensate any financial losses for the 3,500 or so British troops on the island.
Their services may be needed soon !
The question is would you want to drive German made car anywhere in Europe.
I think when some German cars start spontaneously combust then I think that people will see the light of day (no pun intended).
Naaah don't be silly! Have you ever been here? Everybody drives german cars here...except for the French of course.
Skoda is a Czech VW, owned by VW. Only cheaper, and attractive to rocks and heists.
Germany is purposely crashing capitalism...
http://germanywatch.blogspot.co.uk/2013/03/the-cyprus-bailout-and-germany.html
That blog you link is the most wrong-headed analysis possible. See my comments above if you want a clue.
...or below if you set your preferences to list most recent comments first, like anyone with half a brain does.
Thanks for the pointer. Yes. Above, below, ever-what.
"It is what is right' is just another fairness argument against private property, the state owns every thing and you just have it on loan and they can call the loan anytime.
Correct... fail to pay your protection money (aka property tax) and they send armed goons to take your house and sell it off.
Germany Finance Minister Schaeuble's Dark 'Uncontrollable' Hand Over Europe http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/DrStrangelove-Schuble001.jpg
German finance minister asks Bundestag to agree Cyprus deal, 16 March 2013, Berlin (Reuters) http://www.reuters.com/article/2013/03/16/us-eurozone-cyprus-germany-idUSBRE92F09F20130316 Germany Finance Minister on Cyprus Bailout - Vid http://www.bloomberg.com/video/germany-finance-minister-on-cyprus-bailout-p6Kxl1KIRP6WIkr93iGuew.html
These lavish Greeks still have money for frivilous street art! Obviously the screws still have a few turns left to be had.