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The Mindset

Tyler Durden's picture


Submitted by Mark J. Grant, author of Out of the Box,

The Mindset
In all of the tortuous moments that have taken place with the European Union the one thing that has become apparent is a radical change of mindset. In the beginning there was a kind of democratic viewpoint. All nations had a voice and while some were louder than others; all were heard. This is no longer the case.
There is but one mindset now and it is decidedly German. It is not that this is good or bad or even someplace in between. That is not the real issue. The crux of the matter is that not all of the people in the EU are Germans and so they are not used to being treated in the German fashion, they do not live their lives like Germans and, quite importantly, they do not wish to be Germans.
There is the problem.
The Germans will do what is necessary to accomplish their goals. There is nothing inherently bad or evil about this but it is taking its toll on many nations in Europe. In the case of Greece they went back and retroactively changed the covenants of the bond contract. They did not actually admit this of course and they called it other names but that is what they forced on Greece. In doing so they got the bond holders to shoulder a good deal of the expense of the bailout of Greece. You can say, "Right," you can say, "Wrong," but that is what they did. They accomplished their goal.
Always remember that the Germans are under severe financial pressure. They are still paying the bill for the East Germans. They support Target2 and their economy is just $3.6 trillion which is a fraction of the entire Eurozone. They are trying to support a house with less than desirable supports.
Then we come to Cyprus and they make it complicated and put one bank with another bank and take money from depositors and call it a "Tax" and say that people and institutions are liable for where they keep their money when it is more than 100M Euros. All true of course but they do not allow for any "Rule of Law" or "Due Process" by the judicial system but just mandate that the money will be used to help pay Europe for a loan to the sovereign government. Then they also tagged senior bond holders reversing their position of the last years so now, so that it can now be said with accuracy; everyone is at risk. Consequently they have to pay less and they have accomplished several goals which are to punish a "Casino Economy," to put Cyprus in the same position as Greece, which is not only bankrupt but a ward of the European Union, and finally to insist, by the use of money, that Cyprus succumbs to the German demands. Note that CDS in Europe (Markit iTraxx Financial Index) has jumped 22% in just one week.
It is the occupation of Poland in a very real sense just accomplished without tanks or bloodshed as money is used instead of armaments to dominate and control a nation. Politically you may "Hiss" or you may "Applaud" but there are consequences here for investors that must be understood.
First and foremost is that they will not stop. Nothing will be allowed to get in their way. It can be senior bond holders one day, bank depositors the next, the dismantling of some Parliament on the day after that, a wealth tax on corporations on Thursday, the disallowance of dividends on Friday; with every announcement to come on Saturday evening. The next week can be a cap on bank bonuses, a demand that the cap on bank bonus savings be returned to the State, a financial transaction tax that gets expanded and taxes all bond coupons and the list goes on. What might be, could be, and nothing, absolutely nothing, will be allowed between Germany and her desire to control all of Europe.
I do not speak of motivation here. I am not bashing Germany in the furtherance of their desires. That is a useless and unnecessary exercise. However, what is profoundly necessary, if you invest in Europe, is to understand the risks that you are taking. If you place money in securities on the Continent then what is yours is theirs when they want it. I suggest you clearly understand that proposition and allow for that occurrence.
You no longer have any excuse after Greece and Cyprus. Everything may be called "one-off" but nothing is "one-off" as Germany expands its power wherever they can and by any means necessary. If you believe the propaganda, if you believe what you are told every day by the Press then I can virtually assure you that you will suffer dire consequences at some point and you will now have no one to blame but yourself.
There is also one "unintended consequence" of Cyprus and Greece. No one is going to invest in the local banks. Keeping money in the German banks, the Swiss banks or maybe even the French banks may go on but the local banks in each country are finished. In a clever move, the problems with Greece and Cyprus will drive the money from the local banking institutions in the troubled countries. Watch for capital flights in Spain, Portugal and Italy as their banks will be found unsafe and with good reason.
It is unknown, as of yet, if Germany can win this game. What can be said though is that, nation or investor, you will put yourself at peril by getting in their way. The current risks, in my opinion, are dramatically more than imagined by many or generally thought to be the case. There is no more investing in Europe just gambling and speculating and suffering the consequence of either. Anything can be changed, anything can be modified, and when the forfeiture of people's savings is trumpeted as a "Tax" then even the English language has lost some of its meaning.
"Better to be safe than sorry," has never had such important consequences as it does now in the European arena of the Great Game.


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Tue, 03/26/2013 - 09:01 | 3376222 GetZeeGold
GetZeeGold's picture



Heil us......or else!

Tue, 03/26/2013 - 09:25 | 3376223 Ghordius
Ghordius's picture

this mindset is called Ordoliberalism and it's not uniquely German

wikipedia get's it quite wrong by labelling it as a "German variant" of neo-liberalism, because it's quite older than that and has it's roots in classical liberalism, in connection with important social and conservative elements and considerations

including keeping vital parts of the industry here, instead of shipping it to the East, btw

you can do quite worse than that, imho, and many non-German europeans think like me


"There is no more investing in Europe, just gambling and speculating and suffering the consequence of either"

That's a very good one. Compared to what? Gambling and speculating without suffering consequences of either?

Tue, 03/26/2013 - 10:33 | 3376653 illyia
illyia's picture

Thank you for the link - very interesting.

Tue, 03/26/2013 - 09:03 | 3376229 Lucius Corneliu...
Lucius Cornelius Sulla's picture

So the Germans are more prudent with their money and have a better work ethic than most of the Europeans.  What's wrong with that?

Tue, 03/26/2013 - 09:16 | 3376280 Abraxas
Abraxas's picture

What kind of racist bullshit is that? It's not the Germans, it's the banks. They are enslaving entire nations and you are talking about genetic and work ethics differences.

Tue, 03/26/2013 - 09:30 | 3376367 Ghordius
Ghordius's picture

and what are europeans doing? capping banker bonuses and using "internal resources" for bail-ins, for starters, and in the meantime declaring that banks are facilities - like water distribution systems or sewage

Tue, 03/26/2013 - 09:44 | 3376407 Abraxas
Abraxas's picture

EU and the bankers are on the same side of the coin in my mind. We, the people (including the German, Greek, etc. people) are on the other.

Tue, 03/26/2013 - 09:48 | 3376441 Ghordius
Ghordius's picture

perhaps. indeed many europeans want to keep their banking systems intact, and politicians use and abuse this "sentiment"

meanwhile imho Jamie Dimon seems to be on a different coin, the one that says: "I'm right because I make more money than you"

it's not "the banks vs. the people" anymore, it's "the megabanks vs. the banks vs. the people vs. all the other megacorporations vs. "small-biz corporations", an unpretty multi-front war like in Lebanon a while ago

Tue, 03/26/2013 - 09:56 | 3376478 Abraxas
Abraxas's picture

Yes, the complexity of the situation is enormous. There are multiple fronts and multiple causes. No matter how hard we try to envision what is really going on, we will almost certainly run into danger of over-simplifying. When I say the banks, I do mean the NWO.

Tue, 03/26/2013 - 12:49 | 3377550 steve from virginia
steve from virginia's picture



Grant beats on the Germans but they're as vulnerable as the other EU states. They are just as dependent upon external sources of credit as the French ... or the Greeks.


Grant lets the banks and finance ministers off easy. Most of Cyprus' problems are the consequence of ECB actions/negligence. Netherland's finance minister Dijsselbloem nationalized bankrupt Dutch mega-bank SNS-Reaal last month. Ordinary citizens -- taxpayers' grandchildren -- picked up the tab for that as well. Nothing has changed only details. The tactic is not limited to Germany: sanctify old, dead debts and put the burden of repayment onto those who lack the means to repay, by doing so remove the possibility of obtaining those means.


The real prob is too much 'Luxury lifestyle' and no means to support it other than by taking on more debt. Unfortunately, debt itself has become non-productive. Money is borrowed under duress to retire old loans and make bankers and other lenders whole. The collateral for these old loans was burned up for nothng years or decades ago ... the outrage is the creditors attaching unrelated collateral ... bank deposits and taxpayer's funds in place of the nonexistent real collateral.


That real collateral being the petroleum fuel that Europe has wasted since the end of World War Two ... and is still being wasted today!


Padding Europe's massive fuel bill adds to the agony. Instead of voluntary conservation and reduction of the needed borrowing, there is collapsing of the borrowing regime itself from the outside in ... conservation by other, far more unpleasant means.




Tue, 03/26/2013 - 11:22 | 3377064 Pseudo Anonym
Pseudo Anonym's picture

but who gives a shit that

capping banker bonuses and using "internal resources" for bail-ins, for starters

when hofjuden, the private owners of the central banks are taking over the western hemisphere unrestrained.  who gives a shit that some banksters' bonuses are capped when entire nations continue to be enslaved by debt to private central banks?  when europeans start jailing and beheading those that control nations and individuals (for the last 300 years) via central banks, then you can say that europeans are actually doing something about fixing the financial system.


Tue, 03/26/2013 - 10:22 | 3376595 Lucius Corneliu...
Lucius Cornelius Sulla's picture

The Germans are net producers and have surplus savings.  Its a classic face off between creditors (net producers) and debtors (net consumers).  That is a fact and not racist.  Just because the Germans are trying to protect their creditors (savers) is no reason to vilify them.

Tue, 03/26/2013 - 13:32 | 3377797 Abraxas
Abraxas's picture

Perhaps we see the same picture from two different angles then. You are talking about the issue at hand - Germany vs South, where I was talking about the problem with both Germany and the South being utilized for self-interests of sociopaths.

Tue, 03/26/2013 - 12:58 | 3377641 Ourrulersknowbest
Ourrulersknowbest's picture

Ah sorry but Germany doesn't hold the monopoly on work ethic.people forget that as far back as 2003 Germany was the first euro country to violate rules within the Maastricht treaty re debt to GDP.10s of millions of Germans receive state food support.bills long due to be paid from their historical adventures not paid.
I am sick of hearing how upright and productive Germany is.when TSHTF we will see the true state of the state of Germany and their banks.

Tue, 03/26/2013 - 13:33 | 3377808 Abraxas
Abraxas's picture

Could not agree more.

Tue, 03/26/2013 - 09:19 | 3376289 Shell Game
Shell Game's picture

There is nothing wrong with that.  What's happening with the EU is simply not sustainable and is yet another TBTF avoidance of reality.  To tweek some old wise words, 'Debt is not reason; it is not eloquent; it is force. Like fire, debt is a dangerous servant and a fearful master.'

Tue, 03/26/2013 - 10:29 | 3376633 Harbanger
Harbanger's picture

The Germans have six weeks of federally mandated vacation, free university tuition, nursing care, and childcare.  Not too shabby.

Tue, 03/26/2013 - 11:16 | 3377033 Shell Game
Shell Game's picture

LOL, where have I heard the word 'free' before....?   ;)

Tue, 03/26/2013 - 11:35 | 3377185 Harbanger
Harbanger's picture

It's only free because someone else pays for it.  Socialism redistributes from the middle to the top and bottom.  That's why the savers are now being raided to feed the self consuming beast.

Tue, 03/26/2013 - 12:16 | 3377421 tango
tango's picture

Yeah, and all those goodies are permanent since Germany is losing population every year (despite an influx of 150,000 refugees annually).   I can't quite get over the "logic" of those who think that something mathematically unsustainable is the key to future prosperity.  Your comment is a gross generalization - at least from all the Germans I know.  Like the US, those "benefist" are means tested (for votes, of course).  These benefits are riding the fugality, savings and hard work of the previous generation.  I've said it a zillion times = a welfare state cannot survive without increasing numbers of workers and that is the exact opposite of Germany. 

Tue, 03/26/2013 - 09:28 | 3376237 falak pema
falak pema's picture

Well if the current reality supports your viewpoint what this is saying is : In this twisted, convoluted, sick, capitalistic first world, Pax Americana is NOT the only show in town. 

Dominant Mindset vs alternative mindset represented by two fiat dictats, as money now replaces military hegemony; but for how long?

Tue, 03/26/2013 - 10:41 | 3376721 YHC-FTSE
YHC-FTSE's picture

For as long as the serfs can be milked through inflation,  bailouts, taxes, haircuts on deposits, confiscations, &  whatever else each party dreams up to keep the status quo - kicking the can to save the multinational banks and their wealth - until the rumblings of discontent becomes too loud to smother with propaganda. 

Blaming Germany/Merkel, although entertaining,  is so fucking stupid I wonder if these articles and comments aren't missing the sarcasm/irony disclaimers. If Germany really wanted to dominate the EU and a large portion of the world, they would have gone down the route of EU bonds to print their way out of the mess ages ago as the Fed has been doing, instead of making each sovereign nation be responsible for the consequences of their own mismanagement,  until they revealed themselves to be so criminally negligent the EU had to come in. Could be argued that was planned all along, but I don't think so. 

Looking at the history of the US dominated IMF, it's not hard to work out that these highly unpopular haircuts, national asset grabs, and austerity measures have all been done before by the IMF in the Far East and S.America,, and now it is using the face of the EU to implement the will of America's financial houses as the silent partner in Troika.

I have no particular love for the eurozone, but the EU might be a lot better off by trying to tackle their problems without the IMF.

Tue, 03/26/2013 - 12:34 | 3377499 Ghordius
Ghordius's picture

agree, but short of forcing countries like France to get rid of their small quota in the IMF I don't see how to get rid of that beast - and interestingly in the Cyprus affair the IMF seems to have showed quite a lot of competence (it pains me to admit this) - if all parties had listened to their initial proposal Cyprus might have had a (nevertheless painful) solution sooner and perhaps without weeks of bank holidays

Tue, 03/26/2013 - 13:21 | 3377742 YHC-FTSE
YHC-FTSE's picture

Funny you mentioned their competence. I quite agree. The thing is, even though the US voting power is still four times larger than the second largest voter in this 188 nation slave trade, the chances of the IMF directorate going against the will of the US, although remote, has never been greater than today. That's why I reckon one false move by Lagarde favouring the EU over the IMF as they split the loot will see her removed double quick to be replaced by someone more amenable to the traditional role of the IMF - that of giving US multinationals the cream of other nation's assets.

Tue, 03/26/2013 - 09:16 | 3376238 Mercury
Mercury's picture

The crux of the matter is that not all of the people in the EU are Germans and so they are not used to being treated in the German fashion, they do not live their lives like Germans and, quite importantly, they do not wish to be Germans.


And yet this same mindset allows them to be the happy beneficiaries of Germans' money and productivity - go figure.

It is unknown, as of yet, if Germany can win this game.

You mean some  other EU countries are still contenders?

Sounds like the title of this piece should be  EU: SHORT, Germany: BUY

Tue, 03/26/2013 - 09:09 | 3376259 Moe Hamhead
Moe Hamhead's picture

And it's coming to a"theatre" near you!


Tue, 03/26/2013 - 09:29 | 3376371 yrbmegr
yrbmegr's picture

Kinda scary, what's going on over there.

Tue, 03/26/2013 - 09:41 | 3376414 otto skorzeny
otto skorzeny's picture

just a test run-according to TPTB it just needs a little tweaking

Tue, 03/26/2013 - 09:09 | 3376261 Downtoolong
Downtoolong's picture

Make no mistake about it, economic and monetary policy is warfare. Buffett was at least honest about that:

“We are engaged in class warfare, and my class is winning.”

Tue, 03/26/2013 - 09:14 | 3376271 SheepDog-One
SheepDog-One's picture

Problem is, when 'his class wins', they actually die. You're not just going to have a class of 'uber wealthy' and 99.9% dirt poor just will never work and apparently the lesson has to keep getting taught over and over for millenia.

Tue, 03/26/2013 - 09:20 | 3376317 Vince Clortho
Vince Clortho's picture

Excellent insight.

To be fair, it does work for the uber wealthy for a period of time.  The trick is to reap the rewards during your lifetime and let future Oligarchs deal with the pain when the shtf.

Tue, 03/26/2013 - 10:33 | 3376651 GoldBricker
GoldBricker's picture

Disagree. The uber-wealthy stay out of sight. After the French and Russian revolutions it began to seem a bit risky to be the filthy rich ruler, and a new paradigm was born. Instead we have rotating masks of power, Obamas, Bushes, Merkels, etc., who look as if they don't even understand the show, much less run it.

You may know some of their family names, but not what they look like, nor where they live or hang out. The Buffets and Gateses are flashes in the pan who will build no dynasty (there's a reason for that). The real money is hiddern, intergenerational, transnational, beyond the reach of any government.

Web search the term "Occult Technology of Power" and read what you find, if interested.

Tue, 03/26/2013 - 12:58 | 3377646 Miffed Microbio...
Miffed Microbiologist's picture

Absolutely agree. Gates, Buffets are paraded out as the rich. In fact if the SHTF and if the sheeple get a taste for blood, they will be the sacrificial lambs, the countermeasures to distract from the real truth. I fell for this for many years and it's sad to see most of my associations have not connected those dots yet. Good point.


Tue, 03/26/2013 - 10:28 | 3376626 Notarocketscientist
Notarocketscientist's picture

Actually try visiting any 3rd world country.  That is EXACTLY what you have.

A tiny very wealthy elite - and 99%+ living in shit.

And if you examine history THAT is what the norm has been.  Middle class is a recent and very limited phenomenon.

The elites can do quite well for themselves even if the middle class is eliminated.


Tue, 03/26/2013 - 12:36 | 3377504 Ghordius
Ghordius's picture

true. in fact the rise of the US middle class in the 50's was the wonder of the world - I'm sure I have written this in ZH previously

Tue, 03/26/2013 - 09:10 | 3376264 kaiten
kaiten's picture

And what´s your mindset? Europhobia?

Tue, 03/26/2013 - 09:11 | 3376266 fonzannoon
fonzannoon's picture


Tue, 03/26/2013 - 09:19 | 3376274 Dr. Engali
Dr. Engali's picture

 All true of course but they do not allow for any "Rule of Law" or "Due Process" 


I have not seen the rule of law or due process applied anywhere for years now. With each new "crisis" there are fewer and fewer people or institutions held accountable.

Tue, 03/26/2013 - 09:21 | 3376326 negative rates
negative rates's picture

Oh they are being held accountable, it's just not being reported. Not in their best interests you see.

Tue, 03/26/2013 - 09:16 | 3376291 Debt Slave
Debt Slave's picture

But, is it Germany, or the "western" powers that run Germany? After all, Germany is a democracy, where any non-German schlep can call him self a German if he can utter the language.

Tue, 03/26/2013 - 09:23 | 3376331 Lebensphilosoph
Lebensphilosoph's picture

'Germans' have always been their own worst enemies.

Tue, 03/26/2013 - 09:47 | 3376437 Treason Season
Treason Season's picture

"The Hun," said Winston Churchill, "is always either at your throat or at your feet."

Tue, 03/26/2013 - 09:59 | 3376482 Mark Urbo
Mark Urbo's picture

Mark is right - it's Germany. This is exactly their mindset. They are not going to get struck holding the bag and they will make sure its done their way or they will take their toys (only viable hope to keep the EU together) and go home... It's quite brilliant you see - they knew getting all the softer countries to tighten up their banking systems (and banks) was impossible, so they will scare the depositors into putting the money into the banks they can control. Otherwise the bailouts would go on forever.........

Tue, 03/26/2013 - 10:16 | 3376555 GhostfaceCracka
GhostfaceCracka's picture

I junked you, it's not Germany and it's not the German mindset. The political elite in Germany who make these decisions despise their own people, even their own nationality, doing everything they can to drown out the German people in a sea of brown immigrants. The sort of people who call for demonstrations against German nationalism whenever Turks murder German citizens on their own streets. They want nothing more than to dissolve Germany into an undiffereniated, polyglot mass of peoples, all the easier to rule. They are servants of international finance who have captured the reins of power in Germany and use its political and economic power to their own ends. Sound familiar?

Tue, 03/26/2013 - 10:35 | 3376674 GoldBricker
GoldBricker's picture

Gotta question for you.

If Hitler killed millions and Stalin killed more, and Mao more than both of them put together, why is it OK to have a communist party in Europe but not a nazi party? I mean, if mass murder is not the differentiator, what is?

Tue, 03/26/2013 - 11:00 | 3376890 bagehot99
bagehot99's picture

Hitler never managed to infiltrate the western media, academia and popular culture.

Stalin did, and the ideological agenda endures.

Hitler and National Socialism, remember, were the Comintern's villain of choice in all situations, and remain so today - have you not noticed how quickly the modern leftist throws the term 'Nazi' at those with whom they disagree? It's reflexive, quite deliberate, and is designed to make 'hate' and 'extremism' things they can forever use to label non-believers.

Willi Munzenberg, the German Communist used by Stalin to effect his communication strategy in the west, is a fascinating figure, about whom anybody who wants to know how the leftist media works should read.

Tue, 03/26/2013 - 11:54 | 3377291 Pseudo Anonym
Pseudo Anonym's picture

could one of the reasons

why is it OK to have a communist party in Europe but not a nazi party?

be that the nazi party correctly identifies the hofjuden as private owners of central banks and jew bankers as their helpers that decimated germany twice already in recent history?  and; thus, would be best prepared to deal with the "situation" accordingly?  like executing members of the hofjuden families?  same as what the hofjuden financed bolsheviks did to the russian romanov family in 1918?

Tue, 03/26/2013 - 11:28 | 3377137 Mark Urbo
Mark Urbo's picture

I meant the decisions makers !   Who else ?

Tue, 03/26/2013 - 09:20 | 3376292 SheepDog-One
SheepDog-One's picture

Well the 'all clear' sounded to resume rotating into stawks here at all-time bubble top highs? All is well yet again I assume!

Tue, 03/26/2013 - 09:17 | 3376302 Nussi34
Nussi34's picture

Long anything, extrem short PIIGSF, short EU!

Tue, 03/26/2013 - 09:19 | 3376310 Aegelis
Aegelis's picture

Capitalism began a game of whoever has the most money wins.  The U.S. (and other countries) promoted it globally because we felt it was a fair system.  Now we're going to gripe about the game because we're losing? 

Tue, 03/26/2013 - 09:26 | 3376356 Oldwood
Oldwood's picture

Those who will not or are found lacking in in competition will always prefer the mob power of collectivism to meet their goals. And God knows, we all hate winners, because they are obviously evil, the spawn of the devil, endowed with super natural powers.

Tue, 03/26/2013 - 09:27 | 3376365 Lebensphilosoph
Lebensphilosoph's picture

Err, no. That is merely the way things work for a 'humanity' that has invented money and is driven by material gluttony, wanton selfishness and an unforgiving will to power. 'Capitalism', on the other hand, is a mere Marxian invention.

Tue, 03/26/2013 - 09:36 | 3376394 Aegelis
Aegelis's picture

I guess I read the wrong Manifesto.

Tue, 03/26/2013 - 09:44 | 3376427 Lebensphilosoph
Lebensphilosoph's picture

I  suppose you did.

Tue, 03/26/2013 - 09:31 | 3376378 yrbmegr
yrbmegr's picture

The U.S. is not losing.

Tue, 03/26/2013 - 09:36 | 3376391 Aegelis
Aegelis's picture

You're saying upward unemployment and dollar/credit devaluation is winning?

Tue, 03/26/2013 - 09:42 | 3376417 Vince Clortho
Vince Clortho's picture

"We"  ?????

Some clarification is in order.

The Robber Barons and Central Bankers who promoted and benefitted the most from this system are not the people who are going to feel the brunt of the pain.

Tue, 03/26/2013 - 10:22 | 3376596 Aegelis
Aegelis's picture

Although I agree the people feel the pain, we're still players (and glad ones when we get what we want).  If you work, then you're playing the game of capitalism.  If you're receiving money from work you've done in the past, if you buy stuff, if you own stuff and/or property...players.  I admit I'm a player because so far it's the best system we have, but I'm not going to cry about neighbor Joe having more stuff and power than I have.

Tue, 03/26/2013 - 11:06 | 3376942 glenlloyd
glenlloyd's picture

Let me correct that for you,

Crony Capitalism began a game of whoever has the most money wins...

Tue, 03/26/2013 - 09:20 | 3376318 css1971
css1971's picture

Nah this is bollocks.

Germans have no wish to control all of Europe. What you are seeing however is the intention that they don't become the patsies.

Tue, 03/26/2013 - 09:20 | 3376319 debtor of last ...
debtor of last resort's picture

Lebensraum bitchez. They always dig holes in the beach when they are on holidays in Holland, and they get very nasty when you get near them.




Tue, 03/26/2013 - 09:42 | 3376421 otto skorzeny
otto skorzeny's picture

maybe they're hiding gold fillings

Tue, 03/26/2013 - 09:21 | 3376325 Whoa Dammit
Whoa Dammit's picture

I thougt the game was "Save the Squid, More for the Morgue" with Germany being but a pawn.

Tue, 03/26/2013 - 10:07 | 3376527 rwe2late
rwe2late's picture

 if one can't comprehend blaming the "system",

one blames Blacks or immigrants,

or for the author of this article,

 the "Germans".

Tue, 03/26/2013 - 09:24 | 3376334 bobert
bobert's picture

This article was actually readable.

Where did the brain injured cage fighting authors go?

Tue, 03/26/2013 - 09:29 | 3376344 Monedas
Monedas's picture

Germans teach their kids how to do stuff, make things, fix cars and watches .... our fed baby nigs can't even read !  After raping and killing a roomate or shooting a 13 month old baby in the face .... they raid the fridge then leave their DNA on the toilet paper !

Tue, 03/26/2013 - 09:44 | 3376428 otto skorzeny
otto skorzeny's picture

I thought the Germans teach their kids to go into a fetal position evry time Israel/hebes yell "Holocaust"

Tue, 03/26/2013 - 09:24 | 3376346 Terp
Terp's picture

Don´t invest in Europe because "the Germans" are going to take your money.


But this isn´t about bashing Germans at, of course not. How about you go fuck yourself dude...

Tue, 03/26/2013 - 09:26 | 3376357 gdiamond22
gdiamond22's picture

Once again we witness the fundamental difference between a Democracy (or DemoCRAZY)and a Constiutional Republic (of which Switerzland may have the closest resemblance to currently). Think you have a freedom or choice in a Democrazy? No.You vote, yes. But you vote for those power hungry sub-humans who do as they please and get away with it. The US had a Constitutional Republic - you know where that piece of paper was the LAW and the politcians elected were sworn to uphold it or be removed - that lasted - well lets say there is not a living US citizen who has had the pleasure of experiencing that. If a government STEALING your savings out of a bank and claiming you are saved isnt a wake up call then God help us all.

Tue, 03/26/2013 - 09:43 | 3376419 falak pema
falak pema's picture

He has, he gave you Tarp and QE to infinity and Zirp...all for the the expense of the 99%. God seems to be on the side of the Oligarchs. 

Its called A BAIL OUT : SOCIALISING DEBT; aka the 99 % and their grand children pay!  Its the favoured meme of Pax Americana. 

The other solution  A BAIL IN : taking money from rich bond holders and eventually rich depositors makes the 1% pay more.

Which side are you on? 

In this corruption of banksta world.

Tue, 03/26/2013 - 10:24 | 3376603 gdiamond22
gdiamond22's picture

I'm on the side of TRUE Free Markets. If I start a sandwhich shop and start selling sh*t subs and no one eats them, I see my cash flow dwindle, change my business strategy to the demand of the market and invest/create/manufacture accordingly - or simple put  - make some good f'n sandwhiches. The problem in this Keynesian nightmare is there is no accountability - well there is for the little guys, but not those closest to the free money spicket of the FED and this sh*t for brains government. No BAIL OUTS OR BAIL INs.

Tue, 03/26/2013 - 11:04 | 3376927 falak pema
falak pema's picture

you are addressing economic principle NOT economic reality; that seems to be the problem with a lot of posters here : they are in denial of reality as it is. 

These guys wont give up their power matrix to the idealists. 

Not without a huge fight; either by vote or by other means. 

Tue, 03/26/2013 - 11:20 | 3377076 gdiamond22
gdiamond22's picture

I agree with you. Most of the populace doesn't understand the principle or consequences of the reality. I'm just an Austrian living (and trading) in a Keynesian world. A sad state of affairs indeed. Buying what feels wrong (stocks) and owning what is right (gold, guns and bullets).

Tue, 03/26/2013 - 09:32 | 3376380 Bicycle Repairman
Bicycle Repairman's picture

Look I don't want to make any judgments about what the Germans are doing but, they've brought Hitlers' brain back from Paraguay to Berlin and plugged it in.  That's all I'm saying.  Something called HimmelNetzwerk.

Tue, 03/26/2013 - 09:38 | 3376401 MassDecep
MassDecep's picture

"No one is going to invest in the local banks."

I believe this was planned to further investments in the dollar.

Ya know, that real safe haven....


Tue, 03/26/2013 - 09:40 | 3376404 orangegeek
orangegeek's picture

Hitler, a radical, rose to power in 1930. 


He was elected by the people who were desparate, hungry and fed up with useless politicians who made things worse.


Little did the people know what would come next.


Selling hope and change and delivering more misery and oppression.  Sound familar?

Tue, 03/26/2013 - 09:43 | 3376425 yogibear
yogibear's picture

Get ready for a moment soon where all the twisted Keynesian money policies by the central banks stops working and people realize the Ponzi game has reached the end. 

Tue, 03/26/2013 - 09:48 | 3376443 Lebensphilosoph
Lebensphilosoph's picture

You mean, little did they know that the powers of international finance do not allow people who are desparate, hungry and fed up with useless politicians to kick them out without consequences. Or do you think the puppet masters of the 'West' were not the same puppet masters as today in the 1930s?

Tue, 03/26/2013 - 11:09 | 3376957 Debt Slave
Debt Slave's picture

Not only kick them out, but issuing debt free currency as well.  In 6 years time millions were put back to work and Germany became an economic powerhouse. It had to be stopped lest everyone else free themselves from being DEBT SLAVES.

Tue, 03/26/2013 - 09:42 | 3376422 Treason Season
Treason Season's picture

Germany blitzed Cyprus with Greek bombs..... er... make that Greek bonds!

Tue, 03/26/2013 - 09:44 | 3376429 Cacete de Ouro
Cacete de Ouro's picture

I think its BIS driven myself. Not a single country issue.
By the way, when something monetary is ascribed to Germany it would really mean Deutsche Bundesbank (central bank) backed up by Deutsche Bank (commercial) or vice versa. They act in concert. The politicans are just frontmen and frontwoman

Tue, 03/26/2013 - 09:50 | 3376452 Treason Season
Treason Season's picture

'I think its BIS driven myself."  Please expand.

Tue, 03/26/2013 - 22:43 | 3376430 TrustbutVerify
TrustbutVerify's picture

When the term "It is the occupation of Poland in a very real sense" is used, a clarfying statement should be attached.  In this case, Poland, as a metaphor for all the bankrupt nations Germany is supporting, has invited them in.  Decades, or longer, of deficit spending and (in many cases) tax evasion has brought them to this point.  

Everything feels prosperous while the borrowed money is rolling in.  So much of the worldwide societal implosions that we see are simply various economic benchmarks going back to trendline.  If you see a shopping center closed or other buildings not being rented its because the false economy of yesteryear, based on borrowed money, is no longer sustainable.  Incomes suffer accordingly.

The increasing of the debt level was unsustainable.  Unfortunately, total debt - primarily expolding government debt - continues to rise.  

What we are seeing is the result of the debt super cycle that has occurred over the past 5-6 decades.  Sit back and relax.  Its going to takes a few decades to fix - if its fixed at all.  

Tue, 03/26/2013 - 09:48 | 3376440 yogibear
yogibear's picture

Central Banks keep trying to increase debt and pull future demand into the present. 

Debt saturation for people has arrived.

We need more debt forgiveness, not debt. 

Tue, 03/26/2013 - 09:54 | 3376472 JOYFUL
JOYFUL's picture

...It is the occupation of Poland in a very real sense just accomplished without tanks or bloodshed as money is used instead of armaments to dominate and control a nation...

Histrionic jibberish delivered with the intent to confuse and misdirect attention from the usual suspects behind all this madness. I would very much like to know how it is the 'will of the German people' that countries like Cyprus have their economies saddled with the debts of banks gambling in high risk bonds and derivatives or suffer from completely counter productive 'austerity' schemes that override national sovereignty for the sake of protecting incompetent private banks from losses. How can you confuse the 'will of GoldmanSachs and their political puppets with will of the people? Takes a certain kind of very twisted mind. set. The Mindset of the Moneypower Minion.

This effort to foment division between members of the same family of Euorpean peoples is its sponsorship - the moneylenders - and it's goal...the removal of national boundaries and their electorates, and replacement with a directorate of Jacobin bureaucrats who will do the bidding of the sionist banking clique.

The Germans, along with the rest of the European countries, would like nothing so much as to get the sionist monkey off their backs and go back to producing high quality goods that can be sold for fair prices. They're not really interested in invading anybody, and Mark should just jump back into his own pillbox and pull a grenade on the real enemy of Europe....dupes like himself.

Tue, 03/26/2013 - 10:10 | 3376535 Debt Slave
Debt Slave's picture

Sometimes the truth of the matter is not recognized until it is too late and the suffering is great.

Tue, 03/26/2013 - 10:12 | 3376544 Sandmann
Sandmann's picture

It gets tiresome this throwaway stuff about Germany invading did the USSR on 17 September 1939 only because it had been slow to mobilise. Molotov-Ribbentrop Pact planned a joint invasion on 1 September.......but because Stalin was such a good friend of FDR and Churchill we get that little bit of Nazi-Soviet Love-In omitted by the Sovietophiles just like Katyn

Tue, 03/26/2013 - 22:47 | 3377120 TrustbutVerify
TrustbutVerify's picture

For more decades than the debt super cycle has existed, going back to the era of the emergence of Marx philosophy, increasingly there have been efforts to demonize rational economic policy.  Any country, business, or individual can spend themselves into desperate circumstances.  Its easy enough to do because for a while the spending feels so good - and this while can go on for quite a while.  

Then suddenly when the rug is pulled out from under those that have borrowed endlessly the bad guys are those that have saved, produced, maintained real education, and probably consistently warned against the spending foolishness.  

Those that build debt are responsible for their own actions.  They know it as they are doing it.  The Germans didn't force them to do it. The Zionists (a frequent code word) didn't force them to do it.  And in the US, those that have screamed  - for decades - about adjusting spending downward have consistently been beaten down.  (And, yes, the political system requires both parties to keep the bread and circuses going.)  

Its always the same...the adjustable rate on your debt will kill you if the debt itself doesn't.  How hard is it to realize this?  Debt mortgages your independence - whether a country, a business, or individual.  

Economic and fiscal rationalism is a requirement for social consistency.  Debt can very quickly becomes irrational.  

Tue, 03/26/2013 - 09:54 | 3376473 ConfederateH
ConfederateH's picture

The EU elites, the creators of the Euro, are certainly not a majority German.  There are French, Belgian, Dutch and German hands behind this stealth coup. They have gambled everything to get control of the entire EU through the Euro.  They realize that they must control both France and Germany in order to have their way.  All this German bashing is merely extrapolating Merkelhass into German hate.  Like Roosevelt and the Japanese Americans in '42.

Tue, 03/26/2013 - 12:48 | 3377587 TrustbutVerify
TrustbutVerify's picture

Debt is the invitation to be controlled.  The more debt, the bigger the invitation.  

Country, state, country, city, business, or individual...its all the same.  

Tue, 03/26/2013 - 10:14 | 3376520 hooligan2009
hooligan2009's picture

in the same way that food stamps are the modern equivalent of soup kitchens..

first the impoverishment of labor, then the trafficking of labour..all called by the economic meme of "labor mobility"

dont worry though..there is a huge difference between rendition and government contractors involved in people trafficking..

Tue, 03/26/2013 - 10:21 | 3376589 FunkyOldGeezer
FunkyOldGeezer's picture

It was naive to expect a huge undertaking like the EU to not produce winners and losers, but power and influence has waxed and waned throughout history, so the Germans won't be the leaders of the EU pack forever. One of the PIIGS might have some raw material with a future use that will turn everything on its head. Who knows?

If the EU doesn't stick together, it will ultimately be the worst result for Europe as a whole, once the next major (world) war begins in ernest. You now have large blocs/alliances forming, in preparation for when the oil begins to run out and to get its fair share, Europe will have to be united and economically strong. Individual countries, no matter how strong, will have a hard time against economic powerhouses with X Billion inhabitants all needing petrol for their cars, economic growth etc.

Tue, 03/26/2013 - 10:23 | 3376601 el Gallinazo
el Gallinazo's picture

Great analysis.  A "why didn't I think of that?" moment.  The purpose of this ridiculous Cyprus charade was to drive money out of non-core Eurozone banks into the core, particularly Germany.  Thus furthering the tankless blitzkrieg.

Tue, 03/26/2013 - 10:29 | 3376634 MyBrothersKeeper
MyBrothersKeeper's picture

The domiant voice in the entire mess has been the voice of he or she whose election comes next.  Sarkosy was the guy before French elections and Hollande after at the top of EURO headlines.  Monti also took a turn, as did the Greeks around the time of their it's Merkel's turn in my opinion.

The other thing is if you look at Germany's debt to gdp it isn't all that great either.  Maybe it's not so much that the Germans are tired of bailing out as they can no longer afford to......especially since the much talked about European austerity has been mostly nothing but a myth.

Tue, 03/26/2013 - 10:30 | 3376638 Notarocketscientist
Notarocketscientist's picture

What is the purpose of Guns n Ammo?  What is the PURPOSE???? 


Tue, 03/26/2013 - 10:44 | 3376742 MrMorden
MrMorden's picture

Springtime for Hitler, and Germany...

Tue, 03/26/2013 - 11:14 | 3377019 Bagbalm
Bagbalm's picture

I've tried twice to work for Germans. They have an obedience mindset. Father knows best. If they make it a RULE or a LAW that you must jump off the cliff to your death, they really believe you are a bad person for not jumping. For a non-German peasant to refuse is even worse.

The one fellow I worked for was technically Romanian. However the one time I refered to him as Romanian, he informed me he was Romanian by birth, but German by race. Need to hear any more after that?

Tue, 03/26/2013 - 11:22 | 3377097 RaceToTheBottom
RaceToTheBottom's picture

Don't worry the US banks can help out.  They are backed by free money!!!!

Tue, 03/26/2013 - 11:27 | 3377134 JR
JR's picture

The average person in Italy or Spain is now richer than the average German. Still these people demand that we continue to pay for their lifestyle. And if we refuse, drowning in our own debt, with an aging population, they call us Nazis, barbarians and whatever pleases them. – PY-129-20 (Zero Hedge)

Occupy Poland? Only the Zionists stoop to this comparison.

The people of Europe did not form the Eurozone: they were not asked for their endorsement. It was an international banker creation, corrupting politicians to go along through the steps: a marketing coalition to better compete with America and Asia, then, a common currency, and, now, a melding of sovereignties into a single, unelected financial tyranny.

To blame countries (Germany) for dominating the Eurozone and other countries (Greece) for dragging down its principles is ludicrous. It is a banker invention from start to finish and for the German people to try and salvage their savings and lives they are being blamed once again so that they can pay for the bankers' failures.

It is the bankers who wear the jackboot; who’ve always worn the jackboot; it’s the bankers' economic engines that are strip-mining Europeans’ financial futures, especially that of the German people. Will these peoples’ necks ever be free of the boot?

No. Not if the Mark Grants continue to divert the blame for this mess on the German people instead of where it belongs - the bankers. The bankers in Germany are typical Goldman Sachs.

The big banks are working with the international bankers to hold the Eurozone together, not for the benefit of Europe’s people, but to use the Eurozone for continuous collection on their high pressure political loans and as the puzzle piece to fit into world government which they would control.

 “Without the government money,” said Bloomberg in April of ‘09, “Goldman, Merrill Lynch & Co., Morgan Stanley, Deutsche Bank AG (literally German bank) and other firms could have become some of the biggest creditors in a bankruptcy filing by AIG, the world’s largest insurer, because of the billions in losses on subprime bonds and corporate debt…"

Deutsche Bank is a global banking company and Germany's largest bank, and is the largest private bank in the Eurozone; it is headed by Paul M. L. Achleitner, a former Vice President of Mergers & Acquisitions of Goldman Sachs & Co., New York, and partner of Goldman Sachs Group, with a doctorate from Harvard Business School. He took over the reins from Josef Ackermann on May 31, 2012.  Ackermann is not German, he is Jewish. He is the man who helped former ECB head Jean-Claude Trichet (also Jewish not German)  “shape Europe’s economic and financial future,” from their headquaraters - in Frankfort.

Paul Achleitner has been heavily involved in this international mess from the beginning- Allianz does after all own PIMCO and Paul Achleitner did try to buy AIG. He’s with the bankers who have no allegiance to Germans, Americans, or anyone but themselves.

It was Ackermann, according to the NY Times, who “insisted that providing some sort of debt relief for Greece (the people) would be a huge mistake…

“European banks, including German ones like Deutsche Bank, hold many billions of euros in Greek government bonds, and the banks would lose big if those debts were restructured. For the moment, Europe’s solution for Greece is, essentially, Mr. Ackermann’s: more bailout money and more austerity — an approach that some economists say only buys time without offering any hope of recovery….” -- Deutsche Bank’s Chief Casts Long Shadow in Europe

As the NY Times’ article says: It is no secret where Mr. Ackermann’s financial allegiances lie: with the banks.”

“His visibility as an industry advocate stems in part from his chairmanship of the Institute of International Finance, an association of the world’s biggest banks, including American ones like Goldman Sachs, Morgan Stanley and Citigroup. The group has released studies contending, among other things, that compelling banks to reduce their use of leverage — a move that would almost certainly reduce banks’ profits — would cause a credit crunch.”

It is no secret where any of the international bankers’ financial allegiance lies – with their own. It certainly is not the Germans.

Tue, 03/26/2013 - 11:42 | 3377234 Snoopy the Economist
Snoopy the Economist's picture

"First and foremost is that they (Germany) will not stop."

Reminded me of the line from terminator:

Kyle Reese: Listen, and understand! That Terminator (Germany) is out there! It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you (the EU is) are dead.

Tue, 03/26/2013 - 12:16 | 3377413 dadichris
dadichris's picture

Way back in 1992 it was evident that the eurozone was a plot for takeover of Europe by Germany.  What was the tell?  The UK retained the Pound as currency.

Tue, 03/26/2013 - 13:22 | 3377746 JR
JR's picture

How does it help to make up this stuff and uses it to the disadvantage of the innocent?

Guess what? The German people did not invent this plot; it was the Jewish banking families.

There was a plot, of course. The plot was to establish a road to world government by first combining nations into regional quasi-governments. It was the scheme of the Trilateral Commission, spawned from the Council on Foreign Relations that was funded by an Edward Mandell House group based on Marxist socialism during the period 1919-1921 from which has come GATT and NAFTA and the EU by Monnet and the eurozone.

“Jean Omer Marie Gabriel Monnet (French pronunciation: ?[??? m?n?]; 9 November 1888 – 16 March 1979) was a French political economist and diplomat. He is regarded by many as a chief architect of European unity[1] and one of the founding fathers of the European Union. Never elected to public office, Monnet worked behind the scenes of American and European governments as a well-connected pragmatic internationalist.[2] He was named patron of the 1980-1981 academic year at the College of Europe, in honour of his accomplishments.” -- Wikipedia

Is Europe fixed; is it clipping along; are they all happy? NO.  Portugal, Spain, Southern France, Greece, Ireland, Italy, Cyprus … all are disaster zones.

And, now, as these bankers slide over the cliff they are going to lie, and cheat like they’ve never done before in desperation, and, yes, hide behind ignorant German proxies who will mouth their orders to help divert the blame.

The real mystery is, why would you help them?

Tue, 03/26/2013 - 20:01 | 3379537 Tenshin Headache
Tenshin Headache's picture

That's a very well-written piece, but I'm not sure that I agree with the premise that Germany is seeking to establish a European Empire.

Remember that the "wards of the state" represent a cash drain and not much else to Germany. Not only is there ongoing support for fiscal deficits through Target 2, but Germany is also losing important export markets for its manufactured goods.

Far from empire building, I believe that Germany will hive itself off from the eurozone in order to save itself from the fate that it is seeing other European nations suffer. The Germans are not fools - they know that this game is into the final stages. They will string things out as long as they can, but they will hive off from the Southern European countries, either alone or with other Northern nations. Just ask yourself what you would do if you were them. Bring economic collapse upon yourself? (and those thinking that Angela Merkel wishes to deal with that post-election are not thinking) ... or do a reset? Remember that there is rising eurosceptic sentiment in Germany and that will influence policy as this train wreck continues. It already is ... and that is where Cyprus comes in.

Germany is strenuously attempting to minimize outlays, but it's not going to be enough.


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