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The 'Other' Way To Exit The Euro...

Tyler Durden's picture




 

With unemployment rates running at all-time record highs across the peripheral European nations and the rise of nationalist (some might say extremist) parties, it remains somewhat surprising that there has not been greater social unrest (yet). The people of Europe are caught in a hinterland of knowing what is best in the long-run but fearing the short-term band-aid ripping pain of exiting the political farce known as the European Union. But some have found a way... There is another way to 'exit' on personal terms from the austerity and pain induced by a centrally planned overlord. Immigration to Germany from Italy, Spain, Greece, and Portugal has 'never' been higher... leaving us wondering - at what point does the free and open exchange of everything in the union gets its share of 'protectionism' from an over-stuffed Germany freezing the import of labor? So it seems that not only is the money (deposits) finding a new home but the people too are moving to where the money is..

 

 

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Sun, 05/19/2013 - 21:32 | 3579027 ekm
ekm's picture

I'm seeing hundreds of greeks here in greektown in Toronto. I live in greektown.

Not greek with english accent, it's pure greek from hundreds of young people.

Sun, 05/19/2013 - 21:37 | 3579039 kito
kito's picture

careful ekm...when there becomes an americantown in toronto....with pure american accents.......not the ones that end in "ey"........and it starts growing exponentially by the day........time to get to higher ground.............

Sun, 05/19/2013 - 21:38 | 3579043 ekm
ekm's picture

LOL.

There is one. It's called Alberta.

Sun, 05/19/2013 - 21:45 | 3579059 fonzannoon
fonzannoon's picture

If I annoy ekm from this far away imagine how much I can break his balls when I am eventually squatting in his neighborhood.

Sun, 05/19/2013 - 21:50 | 3579070 knukles
knukles's picture

"Devalue" his neighborhood.

Sun, 05/19/2013 - 21:51 | 3579075 fonzannoon
fonzannoon's picture

I figured my presence would do that all by itself.

Sun, 05/19/2013 - 22:14 | 3579151 ZerOhead
ZerOhead's picture

Immigration to Germany from Italy, Spain, Greece, and Portugal has 'never' been higher...

Better frisk them for weapons first.

Just sayin'...

Mon, 05/20/2013 - 04:01 | 3579544 Acet
Acet's picture

I'm living in London, UK and in the last one or two years I have seen a huge influx of Portuguese (I'm Portuguese myself).

When I left Portugal (15 years ago) it was highly uncommon for highly-educated middle class types to leave the country in search of other shores. Nowadays, it has become so common that Portuguese TV has programs about those people that left the country, to the point that the other day they found a guy living rough in the streets of London and even ended up flying him back to Portugal.

By the way, as far as I can tell here in London these new-wave emigrants (and not just the Portuguese but also for example Spanish and Italians) rarelly end up in well paid jobs matching their formal education, rather they're working in stores or as waiters/waitresses.

Mon, 05/20/2013 - 04:36 | 3579565 hansg
hansg's picture

It's all part of the great plan to mix the cultures of Europe into one uniform, bland, grey soup. And the plan is working great :-(

Tue, 05/21/2013 - 05:48 | 3583272 Acet
Acet's picture

Nah, it doesn't work like that.

There are huge cultural differences between the locals and imigrants. In simple terms, most people don't have the mental openness to understand just how much one is molded by one's culture and to be able to accept those cultural behavioural patterns in others.

For many (though not all), moving to another country and living there does tend to create that mental openness to other cultures, but then again those that emigrate and don't just come back after a year already have higher than average risk-taking and adaptation abilities.

So what ends up happening is that only a very smalll minority of locals will marry immigrants, since most of the locals lack the ability to connect cross-cultures. On the other hand, immigrants are very likelly to marry immigrants from other countries. Certainly what I see here in London is that the immigrants mingle with each other (cross-culture) much more than the British mingle with immigrants. (An this even applies to Americans and Australians - British cultures, especially the English one, have some very special quirks when it comes to honesty and ethics)

Second generation (i.e. those born from immigrants) are the ones that end up marrying the natives, since they are a product of the local culture, not of their parent's native culture.

 

Mon, 05/20/2013 - 07:33 | 3579665 Ghordius
Ghordius's picture

"never been higher"? millions left Europe in the first half of the 20th century, includind the current pope's parents for Argentina

Tyler himself reads the word from the Squid as 'never', so he seems aware that the Squid is out of ammo/arguments against the EUR...

Sun, 05/19/2013 - 21:56 | 3579090 kito
kito's picture

so fonz, give us some info on this possible s.c. plot....is it coastal?.......major city or far off in the boonies?...why s.c.???

Sun, 05/19/2013 - 22:00 | 3579103 fonzannoon
fonzannoon's picture

Nah. Long story. for another day. Or maybe better over a beer.

Sun, 05/19/2013 - 23:00 | 3579258 kito
kito's picture

Ok I have a brooklyn brown ale in hand.....do tell.... ;)

Sun, 05/19/2013 - 23:05 | 3579265 fonzannoon
fonzannoon's picture

lol enjoy, i'm on east coast time. heading to bed.

Sun, 05/19/2013 - 22:37 | 3579210 ekm
ekm's picture

LOL

Sun, 05/19/2013 - 21:52 | 3579066 Dr. Engali
Dr. Engali's picture

Canada will build a giant border wall and Americans will start migrating south. How's that for irony?

Sun, 05/19/2013 - 22:00 | 3579106 fonzannoon
fonzannoon's picture

maybe my avatar will end up being a real picture of me stuck halfway through a barbed wire fence.

Sun, 05/19/2013 - 22:02 | 3579115 Yen Cross
Yen Cross's picture

 Anything, is better than a paper bag. ;-)

Sun, 05/19/2013 - 21:37 | 3579038 Cabreado
Cabreado's picture

"...pain induced by a centrally planned overlord."

So then, put the attention on those who have the power to render the central planners null and void.

Else, it is an ongoing spectacle...

Sun, 05/19/2013 - 21:37 | 3579040 Skateboarder
Skateboarder's picture

Greeks are the new Mexicans. LOL!

Sun, 05/19/2013 - 21:37 | 3579041 Oldwood
Oldwood's picture

Looks like everyone ends up German after all.

Mon, 05/20/2013 - 03:02 | 3579520 Meremortal
Meremortal's picture

That was kind of my thought. Just call the whole catastrophe Germany and get it over with.

Sun, 05/19/2013 - 21:42 | 3579054 FieldingMellish
FieldingMellish's picture

Gotta love the unintended consequences.

Sun, 05/19/2013 - 21:46 | 3579060 Mine Is Bigger
Mine Is Bigger's picture

Floods of immigrants.  Locals start compaining "They" take "Our" jobs.  Nationalist politicians gaining power ... 

I really hope human-beings are better than repeating the same mistakes again (and again).

Or am I making the same mistake by hoping again?

Sun, 05/19/2013 - 21:53 | 3579079 Yen Cross
Yen Cross's picture

 The euro is a shell game. It's a giant short squeeze. I'll bet it's at 1.3150  area on Friday.

Sun, 05/19/2013 - 21:55 | 3579087 billwilson
billwilson's picture

Goes both ways. Apparently Switzerland is being flooded by educated and skilled Germans (doctors, managers etc).

Sun, 05/19/2013 - 22:34 | 3579143 nathan1234
nathan1234's picture

LOL

We are all Germans

No place for countries, pride, patriotism and honour anymore.

 

Sun, 05/19/2013 - 23:58 | 3579349 q99x2
q99x2's picture

7 billion of us against a few banksters and corporatists.

For the first time (WWII was against the axis of evil) the world is united in a common enemy. Long live the revolution.

Mon, 05/20/2013 - 00:04 | 3579360 suicidalpsychologist
suicidalpsychologist's picture

more like 7 billions of animals struggling to survive against each others. Humans are animals who are conscious of being animals. That's what we call "intelligence". Intelligence is the way one adapts to its environment to survive.

Mon, 05/20/2013 - 02:39 | 3579510 nathan1234
nathan1234's picture

We are our own enemy.

How else do you justify the fact that we have allowed our Governments ( controlled by these banksters and corpratists) to ruin us !

We need to take our money out of these banks and close them down.

Mon, 05/20/2013 - 07:25 | 3579662 CJHames
CJHames's picture

While I agree with your post, you do realize this is impossible.  Some of us could stealthily take all of our money out of the banks, but as soon as it even minutely appeared there was a run on the banks Owebama and Ben Sikorski Berbankme would shut them down.  Then they'd simply create a new currency so that those of us who were smart enough to get our money out would have to turn it all back to them.  

Tis good to be King, after all.

The answer?  Get your money out and start buying things.  Food. Ammo (if you can find it), guns (ditto), land, cars, gold, silver, an extra set of tires for your vehicles (priced freaking tires lately?), etc.  Why keep worthless money in worthless banks?

They're gonna (are) screw us no matter what we do.

 

 

Mon, 05/20/2013 - 15:00 | 3581265 newworldorder
newworldorder's picture

That my friend IS - "the new world order"

Sun, 05/19/2013 - 22:47 | 3579232 sangell
sangell's picture

Britain says they are the ones getting flooded with Eastern Europeans.

Mon, 05/20/2013 - 01:16 | 3579449 Jack Burton
Jack Burton's picture

They are. And also Muslims. There are areas of London where Muslim civil patrols walk the streets trying to eforce Sharia Law on the streets. The fucking cowards in White Hall and Number 10 are so scared of being called racist that they allow minorities to trample on the rights of all other Britians, especially the natives.

The UK is a cess pool of multi cultural rot. The facts are that whites are fleeing to get away from cities and towns where they are now minorities.

Mon, 05/20/2013 - 05:31 | 3579586 smacker
smacker's picture

You're mostly right on this.

Whilst there's certainly a lot of political correctness about race in Britain and people speak about it with great care due to nasty laws passed by the last socialist Labour government which were intended to shut people up and close down debate, the Labour Party remains a strong advocate of multi-culti. After all, it was them who introduced it into Britain (along with unfettered immigration) for political reasons and they will never admit that it's all been a disaster and doesn't work.

I think it would be very difficult for the current Leader of the Labour Party - Red Ed Miliband - to change his Party's policy on multi-culti & immigration, given that he is himself the 2nd son of a Marxist Jewish immigrant from Eastern Europe many years ago.

The current occupants of No.10 (whatever their personal views are) have their hands tied: (a) raise the topic to genuinely sort it out and they'll immediately be called "racist" by the Labour Party or (b) do nothing and allow the manifestations like the one you mention to continue and get even worse. 'Do nothing' is the route of least resistance.

Thus, UKIP is the only party which feels free to publicly tackle the issue, which explains its rising level of support across much of Britain ...but of course not in the areas already stuffed full of immigrants etc.

Mon, 05/20/2013 - 07:37 | 3579673 Ghordius
Ghordius's picture

"its rising level of support across much of Britain" - in England, yes. In Scotland and Wales, less so

note the troubles Nigel Farage just recently had in Scotland

Mon, 05/20/2013 - 10:32 | 3580147 smacker
smacker's picture

You're right.

Which is yet another good reason why Scotland & Wales (both overflowing with socialist parasites living on the back of England's wealth creation (eg: Scotland's SNP is a socialist party)), should go their own way, adopt their own currencies and set their own interest rates etc. That still leaves plenty of room for mutually beneficial relations on a wide variety of issues, eg: defence.

What neither of them realise is that by doing this would allow them to adopt competitive exchange rate policies with England and encourage capital investment into their fiefdoms to provide more employment etc. Like children who never leave home, they've been living on England's wealth for so long, they can't imagine any alternative and Alex Salmond is not the man with vision to lead Scotland forward.

Sun, 05/19/2013 - 23:08 | 3579269 darkpool2
darkpool2's picture

Lots of talk on this site about moving to central Americas. Missing the obvious..........look north, the great white wasteland has all you ever need. Hide out in the open.

Mon, 05/20/2013 - 01:22 | 3579453 Jack Burton
Jack Burton's picture

I live on the Candian border, just south of Thunder Bay Ontario. The one thing most Americans would not like about Canada is the climate and the winters. I know, I am south of Canada and we have many people come here for the lakes and forests, 1 winter here from Nov to April and they move out! Canada is a paradise, but only for cold weather adapted people.

Paradise, in my experience, is found in Australia and New Zealand. I prefer the cooler South Island of New Zealand, but if you are a city lover, OZ has many great choices. I like Melbourne and Perth.

Mon, 05/20/2013 - 08:15 | 3579716 nodhannum
nodhannum's picture

Couldn't agree moe. I love Perth, Freemantle and Melbourne.

Mon, 05/20/2013 - 00:02 | 3579358 suicidalpsychologist
suicidalpsychologist's picture

too many people, not enough jobs, not enough ressources... WAR is the natural selection oops i mean, solution.

Mon, 05/20/2013 - 00:26 | 3579389 Joe A
Joe A's picture

"Alle Menschen werden Brüder" and they will all live in Germany. The EU was supposed to become an EU of regions but apparently there are only two regions: Germany and the others. This does not lead to harmony. People only move to Germany because of jobs. The danger is that this causes resentment both ways and leads to segregation. That is not the way how you build a European demos. The problem with Europe is that sooner or later one big country wants to dominate the others thinking that their system is the best. It has always been like that in Europe.

Mon, 05/20/2013 - 07:40 | 3579676 Ghordius
Ghordius's picture

It has always been like that? It still is in one country in particular, one that can't abide being a peer of others, and is astonished the others are not begging for it's leadership...

Tue, 05/21/2013 - 04:12 | 3583227 i-dog
i-dog's picture

Errrm ... it's hard to decide whether the "one country" to which you are alluding is France, England or Germany. Depends on your perspective ... or agenda ... or which week it is....

Mon, 05/20/2013 - 00:49 | 3579423 WallowaMountainMan
WallowaMountainMan's picture

looks more like ensuring the euro. like immigration here with north americanization. mix everybody up on a continent, and settle down peacefully between continents.

simple.

Mon, 05/20/2013 - 02:07 | 3579484 Felix 2
Felix 2's picture

Germany needs 6 mio. well educated and experienced people in the next 20 years to hold up it's present level in all areas. They cannot "produce" them internally so they welcome all the southerners. It's a shame though that the southern countries cannot their act together to keenp them in their own country.

Mon, 05/20/2013 - 02:13 | 3579492 jonjon831983
jonjon831983's picture

Lifeboat survival rules probably be implemented soon.

Mon, 05/20/2013 - 03:53 | 3579498 Urban Redneck
Mon, 05/20/2013 - 02:31 | 3579507 dunce
dunce's picture

I would not say they are going where the money is, rather that they are going where there are private sector jobs. The southern countries choke private sector enterprises and are not really cutting govt jobs enough. The idea that one govt. worker can support another govt. worker has never worked for even a short time. They have literally killed the goose that lays the golden eggs. Banks are counted as part of the private sector but they are just fiat shufflers and do not produce or even facilitate the production of wealth in their present form.  In some of these troubled countries you might say that there are three parts, the govt. the banks, and the private sector. You might also say that they may be parts of the whole but they are not partners.

Mon, 05/20/2013 - 03:41 | 3579534 trader1
trader1's picture

some of that imported labor is temporary and working at Amazon:

Documentary on our Channel 1...auf Deutsch:

https://www.youtube.com/watch?v=q8D7HSyLRrs

auf Englisch:

http://www.independent.co.uk/news/world/europe/amazon-used-neonazi-guard...

 

Mon, 05/20/2013 - 04:03 | 3579547 trader1
trader1's picture

https://www.destatis.de/EN/PressServices/Press/pr/2012/12/PE12_448_122.html

A total of 10.7 million migrants from 194 countries live in Germany

WIESBADEN – One in eight residents of Germany was born abroad and migrated to Germany in the last 60 years. This is reported by the Federal Statistical Office (Destatis) to coincide with today’s International Migrants Day. A total of 10.7 million migrants from 194 countries live in Germany. The majority (7.4 million) are from European countries and just under half of these come from European Union Member States (3.5 million). The major countries of origin are the former Soviet Union and its successor states (2.4 million people), Turkey (1.5 million) and Poland (1.1 million).

Mon, 05/20/2013 - 04:19 | 3579558 Haus-Targaryen
Haus-Targaryen's picture

The sad thing about political discourse in Germany is one cannot coorelate Immigration with being "a problem" without destroying your political career.  The best way to solve the crisis as of yet is for every to go back to their own currencies, and prosper.  

 

At the same time, I do not mind the immigration into Germany AS LONG AS it is the educated and independetly affluent moving into the country.  If it is just another round of gypsies who want to live on street corerners then ... 

http://www.autosieger.de/images/articles/mer_tourismo_polizei_3.jpg

Time for them to GTFO and get deported.  

Mon, 05/20/2013 - 04:30 | 3579562 feelingspicy
feelingspicy's picture

Quite an experience with all the french, italian and spain people coming to Berlin. Especially when you go out a lot they are all over the place. For example, Italians are also known as Ketalians for their use of Ketamine and Spaniars as Pill-Spaniards. Normally when you meet them, they are praising the Berlin nightlife, telling you how fantastic it is.

Living space is getting short. Rents are spiking quite a lot.

Mon, 05/20/2013 - 04:39 | 3579567 loturco
loturco's picture

The party is being over even in germany

Mon, 05/20/2013 - 05:40 | 3579588 smacker
smacker's picture

 

Erm...at the risk of stating the obvious, moving from one of the ClubMed disaster economies to Germany is not a way for people to exit the Euro as the article title implies.

It just allows the emigrants to spread the burden of disaster to Germany. How very socialist ;-)

Mon, 05/20/2013 - 05:44 | 3579589 Haus-Targaryen
Haus-Targaryen's picture

To be completely fair, the French, Spanish, Greek, and Italians that I've seen come here speak pretty decent German, and try to get along with everyone.  The problem is those from Bulgaria and Romania who have no intention of learnern German or getting a job. 

Mon, 05/20/2013 - 07:04 | 3579634 Haus-Targaryen
Haus-Targaryen's picture

Who the fuck could down-arrow me on that comment?  

Mon, 05/20/2013 - 07:12 | 3579641 Bearwagon
Bearwagon's picture

Don't you know? You probably got "fans", who downvote you just out of habituality (I shirley got some:), or it could be mindless botchez. You are being recognized - that's not bad. Get used to being downvoted, few of us know that the downarrow should only be touched if you mean it and care to elaborate. All others can safely be ignored ...

Mon, 05/20/2013 - 08:19 | 3579723 Aegelis
Aegelis's picture

Just kidding while proving your point at the same time ;-)

Mon, 05/20/2013 - 07:18 | 3579650 i-dog
i-dog's picture

Hint: Tyler is Bulgarian.

Mon, 05/20/2013 - 07:22 | 3579660 Bearwagon
Bearwagon's picture

Hint: You do not talk about fight club!

Mon, 05/20/2013 - 08:34 | 3579748 forwardho
forwardho's picture

Hoist on their own petard!

Mon, 05/20/2013 - 07:21 | 3579657 Lebensphilosoph
Lebensphilosoph's picture

What do you get when you move all Itlaians, Greeks and Iberians to Germany? A mediterranean shithole without the good weather.

Mon, 05/20/2013 - 08:18 | 3579721 CuriousPasserby
CuriousPasserby's picture

My wife, being from Germany, wants us to move there (from Florida!) When Obama was elected I almost did, but jeez, their conservative party is to the left of our dems, not to even mention the weather change. Nobody moves there from here. Maybe when my main function in life is drooling, I'll be ready for their socialism.

Mon, 05/20/2013 - 08:24 | 3579727 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

You reap what you sow when you destroy countries, the refugee problem comes next........ Will the Germans get all Hitlerish on the them or will they allow the refugees to fundamentally restructure what it means to be German in a generation or 2's time once they overwhelm the native culture in numbers.

Socialist wealth redistribution in full swing by breaking down national borders and diluting population structures to fundamentally alter regional societal norms.

Mon, 05/20/2013 - 09:25 | 3579898 Aegelis
Aegelis's picture

I can't speak for the country, but as part of one of Germany's largest companies, I can say that the only thing that 'feels' German about it is the names of the upper management being German and the e-mails being bi-lingual.  Everything else looks and feels like any American company I've worked for previously including their promotion of equality and diversity in the workplace.  We hear the word 'competitive' a lot in the business sense with a strong push for growth in China and an appreciation for what's viewed as steady U.S. customers.  Many languages and nationalities in my office with no intention on changing anything other than increasing the profit margin.

Mon, 05/20/2013 - 08:24 | 3579729 Aegelis
Aegelis's picture

Country of origin is more of a title of ideals than boarders.  If you look at my electronics, you could safely say I'm a South Korean patriot.  At work I'm clearly German (it's their company), and when I'm looking for good food and quality service I bleed the stars and stripes forever.

Mon, 05/20/2013 - 09:37 | 3579945 taketheredpill
taketheredpill's picture

Merrill used to generate (or maybe BAC still does) a Misery Index made from Inflation + Unemployment.  I haven't looked at Inflation across EU but the Unemployment differentials would probably matter more.  

 

If you looked at longer term Misery Index differentials it did seem to drive immigration with a lag.

 

I'm counting on this to help drive Toronto real estate higher as Americans flee to "El Norte".  

Mon, 05/20/2013 - 13:46 | 3580991 mh505
mh505's picture

This immigrants clearly have not fully understood what they are bargaining for.  Of course, Germany looks better for now - and may continue to do so for the immediate future - than most other EU nations. Yet, the veneer is coming off

http://esocap.com/uploads/files/IHT%20130426.pdf

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