Merkel To Europe: "Prepare To Cede Sovereignty"

Tyler Durden's picture




 

The liquidity tsunami that started in September of 2012 in the Marriner Eccles building and continued with the BOJ's own epic QEasing expansion three weeks ago, has so far provided the impetus for Europe to kick the can of its inevitable dissolution for a few more months, yet slowly but surely the market is starting to read through the artificial levels implied by Italian and Spanish bonds, driven by recycled ECB funding via bank and repo conduits and of course Japanese carry cash, and rumblings of a return to crisis conditions are back.

And as always happens, once the crisis talk is back, so is discussion of a fiscal union. Sure enough, earlier today Germany's Angela Merkel once again reminded everyone just what the stakes are in order to achieve a truly stable, and sustainable European union: nothing short of ceding sovereignty to Germany. And with that we are back to square one, because that has always been the trade off - want a unified, fiscally and monetarily, Europe? You can get it: just bow down to Merkel.

From Reuters:

German Chancellor Angela Merkel said on Monday that euro zone members must be prepared to cede control over certain policy domains to European institutions if the bloc is truly to overcome its debt crisis and win back foreign investors.

 

Speaking at an event hosted by Deutsche Bank in Berlin alongside Polish Prime Minister Donald Tusk, Merkel also defended her approach to the crisis against critics who argue she has put too much emphasis on austerity, saying Europe must find a way to deliver both growth and solid finances.

 

The comments came two months before European leaders are due to gather in Brussels to discuss moving towards a so-called "fiscal union".

The punchline:

"We seem to find common solutions when we are staring over the abyss," Merkel said. "But as soon as the pressure eases, people say they want to go their own way.

 

"We need to be ready to accept that Europe has the last word in certain areas. Otherwise we won't be able to continue to build Europe," she added.

Two conclusions here: Europe will be "staring over the abyss" very soon once again, and where Merkel says "Europe" she means Germany.

This is confirmed by the immediate denial of precisely this, adding "it would be "dangerous" if other countries in Europe felt Germany was imposing its own economic model across the entire bloc."

Oh, ok then.

So just what is Germany's vision for "Europe":

"We don't always need to give up national practices but we need to be compatible," Merkel said. "It is chaos right now."

 

"We need to be prepared to break with the past in order to leap forward. I'm ready to do this," she said.

So... just give up national practices sometimes. And yes, Merkel is of course ready to head the asset-stripmined continent. The question is who else in Europe is willing to hand over their liberties to the next iteration of the German Reich?

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Mon, 04/22/2013 - 08:57 | 3483260 azzhatter
azzhatter's picture

Heil Frau Merkel

Mon, 04/22/2013 - 08:59 | 3483264 GetZeeGold
GetZeeGold's picture

 

 

Oh crap......here we go again.

Mon, 04/22/2013 - 09:05 | 3483288 flacon
flacon's picture

"It's the USURY stupid!" The debt is physically IMPOSSIBLE to repay! This is the bloodless way to take over countries, enslave them with unpayable debt, then force them to become slaves. 

Mon, 04/22/2013 - 09:14 | 3483313 MillionDollarBonus_
MillionDollarBonus_'s picture

This is the beginning of WORLD WAR III. But this time we are fighting a financial war. NO MORE AUSTERITY!! NO MORE CREDIT DEFAULT SWAPS!!

Mon, 04/22/2013 - 09:16 | 3483323 GetZeeGold
GetZeeGold's picture

 

 

The word is given......no more defaults.

Mon, 04/22/2013 - 09:17 | 3483331 Rubicon
Rubicon's picture

At what point do they start exterminating people?

Mon, 04/22/2013 - 09:20 | 3483346 The Juggernaut
The Juggernaut's picture

Didn't Hitler want to do the same thing?

Mon, 04/22/2013 - 09:27 | 3483369 TeamDepends
TeamDepends's picture

This time they will be called "debt camps".  Arbeit macht frei (from debt).

Mon, 04/22/2013 - 09:33 | 3483385 toys for tits
toys for tits's picture

Cyprus was sacrificed upon the altar of a united EZ as a warning.

We are approaching the climax of this adventure.

Mon, 04/22/2013 - 09:57 | 3483498 OttoMBMP
OttoMBMP's picture

Stop your Third Reich rubbish.

Merkel is a NWO agent.

She does not even know how to spell "German interest". Germans have paid for this EU shit already. So don't blame a whole country and people for some shit thought out behind walls in Washington, Brussels and some fucking where else.

Mon, 04/22/2013 - 10:18 | 3483578 Vince Clortho
Vince Clortho's picture

Upvote:

At least one person here understands.  This is not about Germany.  If Merkel truly acted in Germany's best interest, they would have already bailed out of the colossal mess in the Eurozone.  

Time for the German Volk to wake up.  Merkel is now nothing more than a stooge puppet for the money powers.

Mon, 04/22/2013 - 11:07 | 3483782 El Viejo
El Viejo's picture

First comes One World Govt.  Then One World Religion.  The Christian God is not amused.

A little more pressure and we will know where everyone stands.  I know how this sounds, but surely the end is near. 

Mon, 04/22/2013 - 12:45 | 3484211 Manthong
Manthong's picture

“in order to leap forward”

Hmm.. leaping is a ballistic thing and there is the little challenge of inertia, friction and gravity.

Mon, 04/22/2013 - 13:05 | 3484299 czarangelus
czarangelus's picture

The Christian God is the original NWO eye in the sky. If the Nazis were the Third Reich, who were the first? Oh right - the Roman Empire, under the aegis of the Christian Demiurge, which went from tribe to tribe exterminating everyone they couldn't convert. It was the Christian God who smashed revelry and nature worship wherever he found it, putting to the sword scholars and priestesses and dumb, dirty peasants alike when they did not submit. I can't believe the number of people who claim to be anti-NWO while following the NWO's exoteric religion; ever read "The Family?"

Mon, 04/22/2013 - 13:51 | 3484466 Lore
Lore's picture

Re: "Merkel is a stooge puppet for the money powers."

Wasn't Hitler?

You can say that this isn't about Germany, except that Merkel is in Germany -- ostensibly their 'leader,' bizarre as it seems -- and her administration is in charge of the finances and playbook and future of the German people. So yes, Vince Clortho, my doublethinking friend, this *is* also about Germany.

You point is still good though, to the extent that the perceived 'accountability' of bankster-whored governments to their people is being seen once again for the sham that it always was.

Mon, 04/22/2013 - 15:24 | 3485029 Pseudo Anonym
Pseudo Anonym's picture

europenan hofjuden are

the money powers.

who pull merkel's strings

Mon, 04/22/2013 - 13:59 | 3484571 El Viejo
El Viejo's picture

We've just seen how well blending different cultures into one "European" culture has worked. I suppose, soon we will see how well blending all the religions into a one-world religion will work. But first they must demonize all those who hold fast to their beliefs, including the righteous.  (whomever they might be). I think we know where you stand and I know where I stand.

Mon, 04/22/2013 - 15:30 | 3485057 Pseudo Anonym
Pseudo Anonym's picture

you will get many junks for putting it out so blatantly

The Christian God is the original NWO eye in the sky......It was the Christian God who smashed revelry and nature worship wherever he found it,

christians simply, rather conveniently, forget where today's tyrany for global control started.  that's right.  in vatican, the oldest and most profitable corporation of them all - the corporate office of vatican: on 18 November 1302, Boniface issued the bull Unam sanctam. It declared that both spiritual and temporal power were under the pope's jurisdiction, and that kings were subordinate to the power of the Roman pontiff.  and then the unam sanctam ends:

Furthermore, we declare, we proclaim, we define that it is absolutely necessary for salvation that every human creature be subject to the Roman Pontiff

if that is not a forward looking, human kind enslaving, corporate mission statement, then i dont know what is ...

Mon, 04/22/2013 - 18:47 | 3485727 El Viejo
El Viejo's picture

Anyone can call themself anything including the entire Vatican and Hitler quoted the Bible often. Organized Religion does not a Christian make. Only the Holy Spirit can do that. He also will decide who we are and refine us. The object at hand is to avoid the trap before it is sprung. (To avoid "the wrath to come")  Enjoy your religious freedom while you still have it.

Mon, 04/22/2013 - 10:20 | 3483591 AnAnonymous
AnAnonymous's picture

Merkel is a NWO agent.
________________

'Americans' are globalist by nature.

Mon, 04/22/2013 - 12:23 | 3484089 BigJim
BigJim's picture

Really? Cause I see 'Made in China' in a lot more places than I see 'Made in USA'

PS - Make me laugh!

Mon, 04/22/2013 - 10:30 | 3483612 EscapeKey
EscapeKey's picture

Scapegoats are so hot right now. Because fuck taking responsibility for ones (or ones own elected governments) actions.

German WW2 debt reparations: $23bn plus forced labour camps, as well as outright intellectual property theft to the tune of $10bn, or the equivalent of ($33+bn / $35 = 943m oz x 31.3 / 1000 / 1000 =) 29,511 tons of fucking gold.

And that's not forgetting that WW2 was in large part started because of WW1 debt reparations, and now some fucking clueless posters here want to saddle them with more debt once again. Here's how it affected Germany, post-WW1:

http://en.wikipedia.org/wiki/World_War_I_reparations#Impact_on_the_Germa...

Perhaps those very same people ought to pick up books on how the German economy was managed post-WW2. Oh, I forget. It's much easier to rage about moronic regurgitated talking points, seeking to locate a scapegoat, than study the aftermath.

http://en.wikipedia.org/wiki/Wirtschaftswunder

 

Mon, 04/22/2013 - 11:59 | 3483993 Panafrican Funk...
Panafrican Funktron Robot's picture

Yeah, at this point I don't think Merkel is going to make it through next fall's elections.  The German economy will pay a heavy price if they go back to the DM, but that's still a better alternative to continuing with the EUR.  It's funny to watch German state TV and note the huge disconnect between their messaging (very heavy on "we must pay back for our past crimes") and the streets ("we've paid plenty, fuck off"). 

Mon, 04/22/2013 - 10:27 | 3483619 i-dog
i-dog's picture

 

"some fucking where else"

Oh, is that how one spells "the Vatican" now! Thanks for the update.

Mon, 04/22/2013 - 13:12 | 3484335 Cap Matifou
Cap Matifou's picture

+1

If you ask the street level Germans about their feverish urge of conquering Europe, they will think you are insane, as they are crushed every day by the same set of ZOG-stooges.

Mon, 04/22/2013 - 16:53 | 3485444 mrmister
mrmister's picture

Yes we know. Germany is loosing their money too by lending all their money away. Who really is receiveing the money? The banks, IMF etc. This is total NWO.

Mon, 04/22/2013 - 09:58 | 3483504 disabledvet
disabledvet's picture

"no black market finance" I agree. Having said that this is clearly more than just Germany...French, Spanish and Italian banks benefit from this as well since the biggest recipient of "the banker largesse"'is the State and "growth opportunities in the East." i'd still stick with US based finance (Morgan Stanley, JP Morgan, Citi) as they have their own "largesse" (Fed QE, mild to non existent tax regime, nominal growth, an understanding of how this type of financing--sans gold--actually works, etc...) to work with. Wouldn't be surprised if those dividends start dramatically rising as well.

Mon, 04/22/2013 - 09:59 | 3483514 pods
pods's picture

Tylers,

Can you please not post pics of Frau Merkel with her mouth open?

Mrs. pods is going to wonder why I am not so frisky.

Thanks,

Everyman

Mon, 04/22/2013 - 09:30 | 3483375 espirit
espirit's picture

Paint a labia licker on Frau Merkel, and it looks like a Frau Hitler.

Mon, 04/22/2013 - 11:04 | 3483769 InTheLandOfTheBlind
InTheLandOfTheBlind's picture

i use to read the "she is hitler's daughters theory" for entertainment purposes... now i am wondering if they werent right the entire time

Mon, 04/22/2013 - 09:56 | 3483494 NoDebt
NoDebt's picture

Didn't we fight a civil war over this sort of thing?

Mon, 04/22/2013 - 11:10 | 3483794 Winston of Oceania
Winston of Oceania's picture

I'm starting to wonder who lost that one; the South or the Constitution...

Mon, 04/22/2013 - 13:41 | 3484493 marathonman
marathonman's picture

The Constitution was buried in 1865.  Lincoln oversaw its destruction.  The fractional reserve leviathon has been on the march ever since.

Mon, 04/22/2013 - 11:44 | 3483932 Rustysilver
Rustysilver's picture

Rubion,

When they convert the museums at Auschwitz back to the original drawings then you know the stuff will start again.

Mon, 04/22/2013 - 09:18 | 3483340 john39
john39's picture

great leap forward? straight out of chairman mao's playbook...

Mon, 04/22/2013 - 09:20 | 3483345 Dark_Horse
Dark_Horse's picture

 

Merkel going for fourth Reich?

 

Mon, 04/22/2013 - 09:22 | 3483357 Shell Game
Shell Game's picture

No, Fifth.  USSA has dibs on the Fourth.

Mon, 04/22/2013 - 09:27 | 3483371 Sudden Debt
Sudden Debt's picture

As a European I can only say: FUCK THAT FAT GERMAN FRAUHUND WHATEVER!

WE'LL NEVER TAKE GERMAN ORDERS!!!

Mon, 04/22/2013 - 09:44 | 3483434 bank guy in Brussels
bank guy in Brussels's picture

Great piece today from John Ward of the Slog, on the crooked devious German government -

How after World War II, the other countries semi-forgave and POSTPONED THE DEBTS OF GERMANY so Germany could rebuild in the 1950s ... although GERMANY PROMISED TO PAY AFTER THEY WERE RE-UNIFIED

Then after the fall of the Berlin Wall and the 1990 German re-unification, the GERMANS SAID IT WAS NOT A GOOD TIME TO REPAY, because they had so many re-unification expenses

but legally GERMANS STILL OWE DEBT AND REPARATIONS they have not paid

Like to the GREEKS whom THE NAZIS ROBBED ...

---

From John Ward's article:

« ... after the second world war the Americans imposed the London debt agreement of 1953 on their allies, an exercise in debt forgiveness to Germany on the most generous terms. West Germany’s economic miracle, the stability of the deutschmark and the favourable state of its public finances were all owed to this massive haircut. But it put Germany’s creditors at a disadvantage, leaving it to them to cope with the financial aftermath of the German occupation.’

The London debt agreement deferred settlement of the reparations question to a conference to be held after a future German reunification..which most people thought would never happen. But ever since it did happen in 1990, the Germans have steadfastly refused to honour the settlement.

In 1990, the Germans argued that any plausible deal would exceed the country’s resources, and that continued financial co-operation in Europe instead would be infinitely preferable. Waydergo: wouldn’t it be just peachy if the Germans now returned that favour in relation to Greek debt? Would a little smidgen of Berlin forgiveness and cooperation in relation to ClubMed be appropriate here? »

http://hat4uk.wordpress.com/2013/04/21/crisis-athens-outside-of-finance-...

Mon, 04/22/2013 - 10:13 | 3483553 View From Germany
View From Germany's picture

 

Would a little smidgen of Berlin forgiveness and cooperation in relation to ClubMed be appropriate here? »

 

Let's have a look at the Club Med - Spain was neutral in WW2 so neither winner nor loser...Portugal too afaik...Italy was member of the axis and therefore on par with Germany so no debts owed here too (and, btw Italy was the ORIGINAL invader of Greece, Germany came later when Italy botched it!).

So, one MIGHT indeed have a second thought in Germany about being a little more lenient at least with Greece.

BUT: fact is, that these incredibly lazy, corrupt and incopetent a******* in the Greek Ministry of Finance are not even now, after 4 years of crisis, able to go to the next marina, have a look at all those 40-, 50,- 60+ feet yachts and check their owners declared income!

Are we really to believe that THOSE people are able to analyze 190.000 documents which were 70 - 100 years old (those reparation claims stretch back to WW1(!)???? I would not judge those people to be able to find their own behind even with a torchlight!

 

Mon, 04/22/2013 - 10:41 | 3483680 dogbreath
dogbreath's picture

why have the up/down vote been disabled for this comment

Mon, 04/22/2013 - 10:52 | 3483729 robertocarlos
robertocarlos's picture

You can't vote because you're not part of the club. :) Seriously, if a post starts with italics there is no ability to vote on it.

Mon, 04/22/2013 - 11:04 | 3483765 dogbreath
dogbreath's picture

I've always felt that I am an outsider so this doesn't exactly  come as a surprize. 

Mon, 04/22/2013 - 15:28 | 3485048 Umh
Umh's picture

It does make you think about how it got the 1 up vote.

Mon, 04/22/2013 - 23:13 | 3486597 dogbreath
dogbreath's picture

I was trying to + 1 when it was 0/0 so maybe I gamed them

Mon, 04/22/2013 - 11:11 | 3483792 smacker
smacker's picture

When I occasionally read that blog, I found it necessary to fact check everything Ward said due to his 'personal agenda-driven opinions' frequently expressed as 'well researched facts'. I wouldn't recommend it for serious analysis of anything. IMHO.

Mon, 04/22/2013 - 13:14 | 3484347 Random
Random's picture

I am not a big fan of Germany (my country was fucked royally by them in WW2) but:

- MILLIONS of German civilians were killed AFTER WW2 has ended; the biggest perpetrators were: Russians, French, Americans, British, Poles, Czechs & Slovaks (who the fuck would have thought, eh?);

- MILLIONS of German POW were killed; the biggest perpetrators were: Russians, brutish, French;

- billions of dollars in gold, art, technology were stolen (same perpetrators as POW killers);

- thousands of scientists and technicians were either kidnapped (Russia) or "transferred" (US, UK, France); Russians moved entire factories while the US got the finest scientists (mixed with some fucked up characters for good measure);

- thousand upon thousands of rapes (committed by all victorious sides);

- the civilian population was kept at starvation calories intake well into the 50s (just for the fuck of it, not due to lack of food);

- the civilian population was denied heating fuel (be it wood or other kinds of fuel), just for the fuck of it;

 

The war reparations came ON TOP of this looting and killing.

 

Bottom line: the 3rd biggest crime in the history of the 20th century was the slaughtering of the German people (PEACE time), at the hand of the 3 victorious cock sucking allies: Roosevelt, Churchill and De Gaulle (only Mao and Stalin did a "better job" but they had bigger numbers to play with; btw Hitler is included in this ranking too, but he lags far behind).

 

As always, the common man got screwed on the upside as well on the downside and ended up paying for the whole party. And now you are worried about ze Germans, that somehow want to take over the world. Nobody in his right mind wants to go to war and Germans are no exception. But go ahead and believe all the crap about it and with some luck we'll kill each other again for the benefit of our "masters".

 

Now the EU is robbing right and left, fucking Germans and PIIGS alike, but somehow is the people's fault, for not working/saving/paying taxes enough.

Fuck this!

Mon, 04/22/2013 - 14:30 | 3484799 xxxxx
xxxxx's picture

You are completly full of shit. I suggest you read a little history. A small example When Germany invaded Holland they starved the people. Countless people starved and were forced to eat garbarge, or the bark of trees.

Mon, 04/22/2013 - 14:20 | 3484741 xxxxx
xxxxx's picture

England had to pay back the USA every single dime for all the US supplies used during the wa,r tanks, guns, right down to the chewing gum. I think they eventually paid it off in the early 2000's.

Germany got a free pass. In fact all the Nazi money held in the USA flooded back into Germany after the war to quickly rebuild their infrastructure.

What did England get not a fucking dime.

Germany wants complete domination of Europe. That was the Euro plan from the begining. This is war by other means.

Mon, 04/22/2013 - 15:41 | 3485106 tip e. canoe
tip e. canoe's picture

that money was used to leverage the industrial infrastructure built during wartime in the "nation-states" that had maximum profit potential.   no coincidence that the 3 largest economies until very recently were US, Germany & Japan.

and au contrare, someone in merry ol' England got a fucking dime (or trillions of them).   if you got a problem with it, you should go to the City of London and make a claim.   'cuz that's where the warmongers are.

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