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Draghi The Dictator: "Working With The Germans Is Impossible"
The war of words between Europe's unelected monetary-policy dictator Mario Draghi and Germany's "but it's us that pays for all this" Bundesbank has been gaining momentum since Jens Weidmann penned his Op-Ed slamming Draghi's OMT 'whatever it takes' as "too close to state financing" in 2012. A week ago, Weidmann stepped up the rhetoric by claiming ECB policy is "hostage to politics" and has lost its indepdendence - warning Draghi's dictatorial policies were leading Europe down a "dangerous path." But now, as pressure grows from the Spanish (record unemployment, record bad debt, record low yields), Italian (record unemployment, record debt-to-GDP, record low yields) and French (record unemployment, treaty-busting-deficits, record low yields) for Draghi to monetize more assets, he has struck back in Focus magazine, blasting Weidmann is "impossible" to work with because the Germans "say no to everything." Dis-union...
Weidmann (2012): "When the central banks of the euro zone purchase the sovereign bonds of individual countries, these bonds end up on the Eurosystem's balance sheet. Ultimately the taxpayers of all other countries have to take responsibility for this. In democracies, it's the parliaments that should decide on such a far-reaching collectivization of risks, and not the central banks. Europe is proud of its democratic principles; they characterize European identity. That's something else that we should bear in mind."
Weidmann (2012): "The central bank is responsible for monetary stability, while national and European politicians decide on the composition of the monetary union. It wasn't the central banks that decided which countries are allowed to join the monetary union, but rather the governments."
Weidmann (2012): "I don't take my cue from the German government's position. That's part of being independent."
Weidmann (2012): "I want to work to make sure the euro stays as strong as the deutsche mark was."
Weidmann (2014): "There is a risk of monetary policy, especially in the euro area, being held hostage by politics,"
Weidmann (2014): "These concerns are particularly acute whenever the central bank buys specifically the most risky sovereign bonds... with government and corporate borrowing costs already super low, such a policy would have limited effect. Tying fiscal policies together through ECB bond purchases is a dangerous path."
And now Draghi responds... (via Focus Magazine)
The conflict between ECB President Mario Draghiand Bundesbank President Jens Weidmann over the course of the European Central Bank is more severe than expected, and has become “almost impossible,”
The Italian ECB chief characterizes the Bundesbank president after statements from witnesses internally on a regular basis with the three German words "No to all".
According to insiders, therefore Draghi is no longer even trying to win the Germans for its programs.
Since July there was a direct contact between the two presidents of the ECB and the Bundesbank outside of the two Council meetings in early September and early October.
* *
In other words, the Germans won;t let me do what I want - so I'm going to ignore them... this leaves the Germans with few options - none of them 'good' for a European Union.
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No fun playing with the Germans?!
Why cant Italy, Spain, Portugal live off the german tits for ever?
"Civil" war in Europe... again...
Why can't they live off Germans tit forever? Because the Germans are developing a bad case of mastitis and that folks is very painful
Warum sind Sie immer ficken bis oktober mit Betteln und Weinen Muschi?
(Dear Pussy,
Why are you always bitching, begging, and fucking up Octoberfest?)
(more or less;)
Goldman scum.
That's because they have brains and your banker team are a buch of assholes.
Just give up on the EU. Save 1 trillion in overhead and no telling how much from stupid ideas
Too logical. And would lose the "holy fight" against zee carbone; which is keeling zee vorld.
The odds are changing on who will be first to withdraw from the EU; UK or Germany??
Italy??
Wait for the AfD (Alternative for Germany) to enter Bundestag. They will create the NEURO (Northern EURO)!
The problem is that debt based money, be it denominated in Euros, dollars or anything else, is prima facie fraud.
The proles need to rise up and defeat debt based money and imprison the criminals using it conquer the world through fraud and deceit.
"He died as Theodore, the name he was given by the man taking care of him. Sleeping on the couch of his house, his heart stopped beating. He was 10 to 12 years old."
Loukanikos (Sausage) the Greek Riot Dog is dead:
http://america.aljazeera.com/opinions/2014/10/greek-riot-dog-deadrevolut...
Are you happy now Draghi?
Ok, can somebody please flush the european toilet already? Geesh... Like if we don't have enough of our own human turds clogging up our own political and financial sewer systems here stateside...
Zee Germans are to Europe as the working class Americans are to the FSA.
+100
Draghi works in Frankfurt, lives in Bad Homburg--it is easy for the Germans to make his life uncomfortable if they want to. Free-wheeling "loose cannons" like Dragi do not last long in German politics.
Keel-haul him and he'll come around.
http://en.wikipedia.org/wiki/Battle_of_the_Teutoburg_Forest
That was beginning of end for Rome.
Not even slightly. What we now call southern Germany paid rather heavily over the years, though.
He doesn't mean the defeat began to unravel Rome. He means this was a signal that Rome was overstretching it's bounds. It was not the Germans who defeated the Romans. It was the Romans and it will be again, metaphorically speaking.
I read some of that/ Rome had to move legions from S Germany to the Balkans. This is 2000 years ago and that is a long way. I loved how the people in the Balkans were angry and rebelling against Roman tax collectors, high taxes, etc etc. Sounds like the EU(SSR) and their troika.
The EU(SSR) is The New New Holy Roman Empire but their ain't nothing Holy about it. 2,000 years later and tyrants are doing the same things. Sickening.
Goldman's man Draghi needs to be sent back to Italy......in a box or several smaller boxes.
Keel haul his grease ball ass. Aaargh!!
I hear ya, mario, it's a drag when these sovereigns choose to direct their own destinies. don't worry though, when you and all your globalist buddies get your long sought one-world government it won't be a problem anymore.
Of course they say NO to everything; because everything you want to do is part of the problem you created in the first place and are trying to perpetuate. somebody better say no; and keep saying it, until the ridiculous EU and it's assinine Euro dies a natural death.
'No' is not a word most oligarchs are even familiar with, let alone willing to accept.
I hope the Germans keep poking their finger into Draghi's chest and saying "The fucking answer is NO. We don't care how many times you ask."
But that's fantasy. Eventually they'll lose. Draghi will do an end-run around them. He'll start QE-ing or outright monetizing, nobody will be able to stop him, and that will be that. Germany won't leave the union, they'll bitch about it, but in the end, they'll just sit there and take it.
Wait and see. Germans got big ones. they don't take shit forever.
I'm extrapolating based on the number of other countries that have been able to say no to the ECB. Zero. If there is money available anywhere, it will be taken one way or another to support the new world order of debt enslavement.
your analysis is rational and based on events to date; but germans not "other countries". When the people of germany get serious; they;ll change out the whole parliament and the prime minister; and it'll be goodbye Euro. Oviously, just my opinion.
I am sure Germany makes nail guns.....
I bet they make really really accurate nailguns
http://www.ebay.com.au/itm/BEA-GAS-CORDLESS-FRAMING-NAIL-GUN-COMBO-KIT-S...
I tend to lean your way on this, SAT, and hope it is not just wishful thinking on my part.
If Mario thinks it is dificlult dealing with the Germans now, just wait until it is about 20 degrees outside and energy is both expensive & in short supply, retail prices take a big jump, and industrial production is scaled back.
Re. Germany will vote them out. Not if they introduce the American/ Diebold system of vote counting that just worked so well in Scotland.
Who will count the votes in Catalonia on Nov. 9th??
France pretty much said 'no' to the EU by breaking their deficit limit. And the EU probably won't do shit about it. And most of the countries that have had to bend to the will of the EU/ECB have done so since their (govts) continued existence was entirely dependent on bailouts. Germany isn't in that position, since their taxpayers are the ones financing these giveaways.
The ECB/EU WANTS deficits. Big, giant MOUNTAINS of debt, despite what they say. Letting France slide was as easy as a wink and a nod. Germany is swimming upstream on this one.
agreed. german taxpayers have their breaking point and at the moment, they are in no mood for Dragi's financial shenanigans. winter in germany is approaching. their moods will sour even more than usual.
Fuck, I am very surprised that ZH people don't know anyting about what is going on in Europe. Let's go back to national currencies and let's see the german exports plummeting -30%...
Actually it is southern europe's taxpayers who gave money to the insolvent german banks malinvesting in Greece and Spain.
This is disappointing, every ignorant "poor germans" comment go fuck yourself and die...this is a MSM website or what??
at the beginning, I was surprised, too. I thought: ZH rocks, it just has no factual feedback in the comments to correct some of the biggest "eWhoppers"
then I found out that Tyler is fond of some of the rah-rah-rah rethoric, like "unelected dictator", which has a completely different root in the US and less application in europe, and most of the commenters actually aren't interested in fact whatsoever, they crave the anti-establishment rethoric
- re Draghi's comments, they were directed at the German ECB members, while he often goes to Berlin to speak directly to the German Bundestag. Those are Germans, too, and actually those with the power do decide certain options discussed here
- note the comment "Just give up on the EU. Save 1 trillion in overhead and no telling how much from stupid ideas". Yes, the budget for 7 years is one cool trillion. Not really the same as one trillion overhead for one year.
Here a good article from the Guardian, highlighting how the budget for one year is around 129 billion, and shows even the special UK rebate
And here an article from the Telegraph where they try to fudge the numbers, which probably generated the misconception in the first place
You can lead the horse to the water, but you can't make it drink
On the other hand, Russia can keep Germany warm over the winter. Brussels cannot.
Until you check out Deutsche bank and realize they have some of the biggest cds and...
http://www.ft.com/cms/s/0/956790c0-4fc7-11e4-a0a4-00144feab7de.html
7 hours ago hmm, big surprise there
Is this what happens when you tell the squid no Seems like the sides are becoming more apparent for ww3
"silencium est aurum"
bastards! with the biggest CD collection, no wonder the rest of us have to pay so much, Deutsche Bank is holding them all.
So said some guy named A. Hitler, back in the 1930s.
Good old Arnold Hitler, sold sausages right?
Hmmmm.... will the cia be in shortly to destabilize germany? Seems like they are a useful tool these days.
Ha-Ha. our main tank gun is a german patent; we build it under license from them. their machine gun makes out machine gun look like a piece of crap. The CIA !! Ha-Ha. You think Germany is Cuba ? Dude; when the CIA actually wants to know something for a change, they ask the German Intelligence Service; politely. You really live in a dream world.
Really? So when the usgov decided it wanted to hear everything merkel said by tapping her phones, they asked the German intelligence services first?
NSA good at eavesdropping. CIA as a quasi-military force, or nation destabilizing operation is an entirely different thing. The CIA as a "spy" organization; internationally, is useless; they never know anything.
sorta agree/sorta disagree with ya, SAT800.
the cia has been infiltrated by the very elements purged from germany in the 30s & 40s (but i suspect it may've been a deliberate & invitational infiltration...keep your enemies close kinda thing). we anglo-americans have unhappily inherited the cunning communists...and now, well, the cia is (at mid & upper levels) basically the haunt of homosexuals and proto-bolshevick thugs. i agree that both are mostly persona non grata in the serious clandestine services. but, it's foolish to pretend that america's intelligence services are limited to those two groups. the cia's main functions are now propaganda (at which they suck in all but the most backward societies...they can still run the game in third world shit holes with little to no sophistication...but they are losing big-time in more advanced societies; and that is because their methods and messages are transparent and banal) & tactical support for 'revolutionaries'. the nsa? not as bad as cia, but not really good-guys either.
this is not the cia of graham green days...speaking of which, what ever happened to our man in havana? oh, and, i can guarantee you that there are some VERY serious-minded and well-respected guys in intimate liaise with their german brothers...and i would highly doubt that they're in any way associated with the scoundrels and pervs from langley. that being said, it's a bad idea to underestimate america...and it's myopic to assume that there's a uniformity of opinion/vision in that world.
if i had to guess, i'd say there's shit astir globally operating under acronyms very few have even heard of. also, and if i were to go on guessing, i'd say that the proto-bolshevicks are being given a free hand so that they will show their hand. in other words, they're being set-up...and i support it whole-heartedly. evil wilts in white light.
grab some popcorn and settle in for the show-trials. can't say they don't deserve it.
janus
great; very thought provoking.
So 9/11, Libya, Ukraine, ISIS... jv team?
and they said, sure go ahead we listen in all the time, just don't get caught!
It takes both a creditor and a debtor to create a debt ... and the ECB had no part in creating the credit before the crisis. Germany financed trade imbalances and dislodged the economic equilibrium for over a decade, they will have to keep financing them for a while longer while the damage is undone.
They'll just crash their own economy at this point if they try to enforce trade balance ... as well as destroy the Euro and the European financial industry including it's own.
Very true.
I understand Germany's gripe with Draghi's proposals now, but the Germans were all too happy to adopt the monetary union intitally because it allowed them to sell their cars and machines to poor countries (read: PIGS) who couldn't otherwise afford to buy them.
Initially, Germany profitted hugely by exporting their goods to the 'deadbeats' (read again: PIGS) of Europe. For Germany, adopting the Euro was like giving your loser, brother-in-law a line of credit with which to purchase your BMW.
Unfortunately, he crashed your BMW and stopped making payments. But, Germany still wants to be paid.
Good luck with that...
Indeeed, Germany loaned Euros to these countries so they could buy German stuff. It's an export subsidy really. So when it all came apart in Greece the money to bail out Greece went directly to bail out German and French banks. Greece did not profit from the 1st bailout other than preventing Greece to default (which perhaps in hind sight was a mistake). Now Greece has to pay back the bailouts. Win win for Germany. Then they pushed austerity on other European countries. That caused a lot of pain with people and also killed off competition. But now that comes back like a boomerang. People don't have money anymore to buy 'Made in Germany'.
No people don't have money anymore to buy made in Germany; but it's not Germanys fault; dickhead. boomerang my ass. Did the Germans boomerang the French into early retirement, union non-productivity, and welfare for everybody in north africa? did the Germans boomerang Greece into retiring at age 15; and never paying any taxes. Idiot.
So, by your logic, the banksters didn't cause the subprime debaucle by lending to people they knew couldn't repay; it was all the fault of the deadbeat borrowers?
I guess it all makes sense now...
damn deadbeat borrowers, we need a plague or something to wipe them out....hey.....wait a minute!
with respect to the core of german industrial strength, 'people' don't have any choice but to buy german. as this relates to consumer goods (mainly autos), germans haven't been priced out...not by a long-shot (and even with the mad-cap printing in tokyo, a lexus is still more expensive than a (superior) audi). but, returning again to the core of german manufacturing, any mid/large cap that wants to manufacture ANYTHING worth buying must first buy german industrial machinery...and that ain't gonna change anytime soon. oh, and, just wait till they crank up their arms manufacturing in earnest (the real threat germany poses to amorica).
yes, germany is winning the peace. i plan on stayin in the good ole usa for at least another two years (i do intend to stand firm and fight); but if it becomes clear that the good-guys in n. america are a lost cause, janus will be resettling somewhere distinctly teutonic. maybe i'll help em deturkify deutchland.
germany seems to be the only western nation with their head screwed on somewhat straight...france is coming along, so is italy and even spain is starting to engage in clear-thinking.
and the kind of thinking that blames germany for grecian hubris is precisely that which celebrates weakness and deifies victimization here in amorica...i'm frankly sick to death of it. are we so embarrased of our strength that we should sublimate, shame and even criminalize it?
every week my sons tell me of the honorifics lauded upon the civil-crusaders (commies to a man...yes, especially the most prominent) in class. the focus of their studies are put-upon 'minorities'. nothing in this land is of greater merit or esteem than identity victimization. strength is a source of shame and recrimination.
but, for all the shit everyone's shoveling upon the millennials, they at least seem to understand how idiotic, destructive and divisive all this crap really is. so there's some hope. the kids are all-right with janus.
civil-crusaders, your message is plastic, over-wrought, thinly-worn and square. you ain't hip anymore.
game on, bitches...i know you're scared of janus; and, well, you should be.
mmmmmwahahahahahahaha,
janus
you might fail the sanity test?
You don't know what you're talking about; the Germans were blackmailed into accepting the EURO; and the people never got to vote on it. Read the book, "The tradgedy of the Euro". The Euro was an invention of two Socialists, one French and one Belgian, to avoid the awful embarrasment of serial devaluation against the D-Mark. Read the book; wart brain.
exactly SAT 800, one of the best quotes was that ...'...the euro is a political experiment, not an economic one.....'... which just shows how ill-conceived this project was, before any printing/minting.
OMG; someone else who reads books; all is not lost. love your screen name.
there's more of us than any of us ever suspected...it's just that, for so many years, our thinking has been tantamount to criminality. but, my friend, the sands are shifting under our very feet; our enemies are VERY nervous. never could they've fathomed that people, when presented with information, would respond to it rationally. it literally blows their minds that some of us are capable of thinking through their inverted moralizing.
and to support your argument viz. germany and the euro, the exact same dynamic existed under the deutchmark...only, it was far more advantageous for the germans than with the euro. the plans to cripple germany with commies back-fired; the strategy to hobble her with reunification only made her stronger; the attempts to weld germany to weaker economies has only served to solidify the nordics; and now this frail attempt to vilify germany for success will meet with ruin (if not WWIII).
the germans know very well what the world expects of them; but the central brain-trust is relatively intact..."nein" may end up being the new 'populist' campaign slogan.
basically, these people will not be happy until the german (and american) standard of living has been equalized with that of sierra leone. i say, let them run off with their NGOs and stay there...go preach your 'equality' in the squalor of third-world sewers...and stay there! be the change you want to see in the world, commies; and lead by example.
janus
Serious posting today, Janus. Had not seen anything from you in a while and was wondering what you been up to. In case you are still hanging out up North, here's a little something from the 'Delta'.
https://www.youtube.com/watch?v=_-n3IKBRXAQ
And one about my situation ;-)
https://www.youtube.com/watch?v=6DrghdyDwSk
Eleven-Be-Forty,
yeah, i'm still here on cape cod. i do love it; and it's particularly conducive to the writerly craft...it's something to do with the pronounced extremes of the four seasons, the ritual-like customs associated with each and a cultural environment that encourages a pursuit of the arts. and, to give these yankees credit, they applaud the effort no matter your philosophical inclination...so long as you're gifted. they discriminate against imbeciles; and i join them in such bigotry.
sometimes i entertain the idea of moving back to Dixie. but that's contingent on my estimations of how long this grand experiment (america) can last. this shit doesn't look much like a new atlantis to me.
but on another level, this area is very encouraging for janus. in the south, there is a reflexive deference to authority, for no better reason than their station as such; up here, there's a more scrutinizing and participatory spirit to democracy. and so, i hold out hope that, if these people are ever presented a coherent message unfiltered/unedited by bolshevicks, they'll react with reason and logic.
this area has long been 'protected' (if you know what i mean), and i can't but assume that the recent influx of 'others' is meant to somewhat antagonize the locals...and if that's the case, it's working. there is up here a nascent and objective sympathy for the South...there is a more textured understanding of our society than back in the days of crusading commie law students from the swarming boroughs of brooklyn-come-ivy league types.
btw, i was born in greensboro, nc...right-square in the golden triangle (as they call it).
but, really, in the South i'd consider a few places in SC, GA and nashville...but i'd be in the delta often for friendly visits.
whatever the case, boston will always be my big-city home. in Dixie, i only lived in the country or in small towns. moreover, if i 'make it', i'll happily pay my share to taxachusetts...they've been good to me in times of need -- can't deny it. but, that's not to say that there aren't some elements that need to be put in their place (and they will be). no doubt, i've made enemies...but they are now frightened to sit across a table from me. they thought my strength was only such in the relative rubishness of backwater montgomery...but, my brother, when they came face-to-face with the janus force majeure...well, let's just say that they're not keen on calling me in for Q&As anymore.
side note: all you commie mother-fuckers know where to find janus. and if you ever want to take me on, i'm more than happy to oblige. but, don't think that i won't consume your ego forevah. you sit across from me, and declare yourself an enemy.., i'll fuckin eat & digest and shit you out.
here's a couple of my ZeroHedge staples (and both tuned to my experience):
http://www.youtube.com/watch?v=ZJKRA1ZIeiM
...it's a hard way to find out/
that trouble is real/
in a far-away city/
with a far-away feel/
but it makes me feel better/
each time it begins/
callin me home/
hickory wind
https://www.youtube.com/watch?v=qfHd-i0DWoE
hey-hey-hey!/
i was born a rebel,
janus
The thing is, it probably doesn't help insisting on keeping the fiat currency less bad, but more importantly, alive. I sure believe that the EU, the Euro, and all governments and fiat currencies for that matter, are pretty much useless nowadays and due for natural death. Perhaps they will be in agony for a long time, but that doesn't mean that they will be any good for anything.
So, if a central banker (fascist) saying "no" in this case keeps the thing alive and kicking, then I wouldn't object if he tried "yes". I mean, who knows, it may hasten its death. It probably will. In fact, if you are actively trying to break or kill something, an effective approach is to try to push towards extremes. If you can't get it off balance pushing one way, try to push towards the other extreme and see what happens. Find existing weaknesses and try to amplify them. Direct the enemy's own destructive force against itself. That sort of stuff.
Not that I would recommend anyone getting involved in any way with fascists. I wouldn't want to give advice to anyone currently involved either - I'm just expressing the kind of dynamics that I think naturally emerge in fascist politics.
Without Germany there is no euro or EU. That is a powerful position to be in. Not much Mr Goldman Sacs can do but cry in a corner.
Mr. Goldman Sachs owns both sides.
Its called, think win win.
Not only do they own both sides, but they also know who the winner will be in the "win-win" contest, so they can make billion dollar bets on the outcome of that contest.
Cool, eh?
It's good to be King.
Well then the faster they walk the better. About time this EU superstate and common currency nonsense is dead and buried. Europe should go back to a loose common trading area as in the early days of the EEC.
Wow
Sorry, Draghula, your days of blood-sucking are just about over.
Suggestion to Draghi: just get the French Army together and invade Germany; that'll teach 'em. Go for it.
That would be too much - three times beaten by the French within 100 years (be it only technically in World War 2). Too humiliating. The French have nukes though. And Germany seems to believe in the "gun control for nations" ridiculous idea and doesn't build any nukes, even though they easily could. Just see what happened after a nation gave up its nukes - Ukraine.
F#%k the EU, I mean the Germans, says Goldman's EU lapdog.
Someone needs a hug.
Doesn't the Bundesbank know that Goldman Sachs runs the world???? .... maybe if the Dumbkoff's at the Bundesbank were nice to Draghi, the FED just might return an extra 10 tons of Gold to DA Germans this year.
Collectivisim is always about the weak or the losers pulling down the strong until the strong break. They will never stop until Germany breaks. It is this way everywhere. Germany helped get into this mess and now they are realizing they may have made a mistake. There is no easy neat exit, just like here in the USSA there is never going to be an exit from ZIRP and probably never an exit from QE/Fed bond buying.
It's like a bunch of gazelles eating a lion on TV.
I can never watch that; sickens my stomach.
very funny. gotta keep an eye on those gazelles, they go nuts sometimes. LOL.
Purely economically (ie. ignoring military factors) the US is more like the PIGS in this comparison (with Saudi Arabia being Germany).
"They will never stop until Germany breaks" oh really ? want to bet on that ?
Yeah, I will make you a bet on it. What my statement does not say is that Germany won't exit or limit the plan on it's own. That is possible. But unitl Germany says "No more!" and demonstrates it they will come for more and more until Germany is also economically broken.
In the end politicians don't/won't have the courage to do the right thing and as the crisis continues to grow and hits a crescendo they will say yes
Germans have principles, not only in engineering. They will never pocket quick profits because they are aware of the price of collapsing bridges.
You are kidding right? Tell that to Daimler post 90's or modern day BMW and VW. Horrific reliability, poor design, cost-cutting left, right, and center. The greatness of german engineering comes from building a perception of it that has duped the world over.
I agree.
I remember when Porsche started market more to what I decscribe as "Gold Chain" crowd...
who knew nothing about but as status symbol and too much money to burn.
factory installed terrible tires for more comfort ride
Why I still have my 911SC and worth what I gave for it
Amazing how little money I spent on it in three decades
Some of these run 240K miles with master maintenance
Mercedes was good into 80's also
In my opinion, they made some terrible mistakes after that.
something about going for American market and less Germans running things
Marketing ruined many a good thing
You're confused. the factory tires are "Continental Brand" made in Germany. they didn't make any mistakes. why you came up with this "opinion" god only knows.
Nyet
You are confused one...I never said but about past experience
I was not talking what "are" now...
Was maybe late 80's. 90. Factory installed BFG.
I tried set after mediocre Pirelli P7...the BFG sucked laterally....terrible .
Installed Yokohama A008...I had been advised as best choice.. but avoided Jap tires on German machine
Kind of in-your-face aren't you?
Why, God only know...
Okay, okay, I made a mistake. they made a mistake. they sold you the wrong tires. what a tradgedy. You could have bought a Fiat ?
I purchase the BFG because Porsche made OE, trusting they knew best.
Later Porsche Engineer told me personally that marketing decision overrided Old Heads cos flood of new buyers that so ignorant of Marque that they pronounced as "Porch" complained of hard ride..
had a new bunch some not German thought they know more and improving the company..
.took awhile to get over that
Cayenne is OK
you are funny
thinking about Fiat
Jeez- i would hope with "master maintenance" you could get more than 240k miles on it. I have a jeep cherokee with 280k at this point and i am no "master"
I don't remember any Jeep Cherokee built 1981 do that. Where are they now?
Much less putting out over 1.1 DIN HP per cubic inch displacement
and run all day long top tier of Autobahn speeds...1980's Corvettes couldn't do it stock..
much less air cooled....I knew guy had Cherokee overheated though..that seems opposite
maybe I missed something jeep secret weapon
enlighten me somemore...
Take off 10 years and get an engineering degree and then we can discuss it.
Nyet,
if I have such degrees, does that change anything?
let me check if degree change reality
fact is Porsche was far best then,
later not as much some bad models hit and miss now better
Original subject I tried example was German auto quality slippage
.
you divert issue alot
1995 Jeep Cherokee. 4cyl 2.5L. 247K; all original. I do my own maintenance. not sure if I'm a master but I do it regularly. It has an all iron engine, instead of an aluminum head; which is quite important. maintenance parts very cheap.
Good
"duped the world over" uh-huh. but not you? you know better. evidence ?
Right.
Because everyone should respect the word, deeds/actions & competence of an Italian banker over a German banker anyday...lol.
I mean, compare the track records! ;-)
Socialism is desinged to fail and everyone should know that from basic math.. as is debt money systems.
But these systems are good I think... we just need to ne brave enough, that generation that reaped the benefits of it.. to face the shit that comes in the "failure" of it. Get through it without "fighting" and winniing still yet.
I have little faith in that however. Mankind is still the same, weak and stupid and shit.
I'm 36 and live upstate NY.
Upstate NY was an economic powerhouse for more than a century after the completion of the Erie Canal, which earned the nickname "Empire State". Then the socialist parasites infected the state government and the state has been in horrific economic decline, with rotting abandoned towns that were once thriving communities.
I went to NY state last 2 summers on real estate shopping trips, was ASTONISHED AND SHOCKED at how high the total tax burden is, including state income, county property and county school, plus sales tax - it was almost 3 times higher than for comparable properties in FL. I cannot understand how any working person can live in NY state and not become impoverished.
Very sad to see the once magnificent old buildings literally boarded up and crumbling. A preview of socialist parasite America's future.
"...unelected monetary-policy dictator Mario Draghi ..."
Mhm, and Yellen was ellected?
watch the actions not the words. Most of this home cover for Merkel.....
Weidmann (2012): "I want to work to make sure the euro stays as strong as the deutsche mark was."
Sure. The problem is that it's TOO strong for most of the economies in the Eurozone. Someone's gotta suffer short term, but in the long term, Germany is going down with the rest of them. Enjoy the ride.
That's hilarious. I hope everyone laughed out loud when he said that.
Draghi is just another cock-sucking socilist parasite. The krauts should have told him to fuck off a long time ago.
The Krauts would be glad to tell him to fuck off; but nobody ever asked them !! A referendum or popular vote on the Euro in Germany is what makes the Fuhers, sorry, leaders, wake up at night screaming.
...[it is] the parliaments that should decide on such a far-reaching collectivization of risks, and not the central banks.
Just as the US Congress did? LOL The banking cartel, of which Draghi is a star alumnus, delivered an ultimatum to Congress: the US public will cover all TBTF gambling losses or the world will come to an end the day after tomorrow. And Congress, ever mindful of reelection funding needs, instantly obeyed. Bankrupt corporations were recapitalized at taxpayer expense, annual bonuses were increased, felons were spared prosecution, and utterly incompetent CEOs remained in their corner offices.
In a corrupted system, power moves from the many to the few. Don't expect the outcome in Europe to be any different.
It's the people of the fucking country that should decide ! NOt the fucking parliament ! Like Switzerland; where they can actually vote.
Ficken der EU.
this is socialism at its finest - LMFAO!!!!
cannibalism follows socialism.
you go for it draggie
This is good news
sooner the Germans decide F the bastardized EU,
Germany and Russia cooperation is hope
much German in Russia already
Great Katerine invited even then
My Lady's Family German Bankers came to Volga
Yep. Let Darwin sort it out. German and Russian co-operation is the greatest hope for future prosperity and strength that's available.
Draghi hates the Germans because of their worldclass cars.
(I bet he drives one too)
Nah; he rides a French Bicycle, like Christine LaGarde, to save zee carbone.
Shame on theose hard working Germans for not wanting to be fleeced.
Please understand how eurozone works:
Study,........target2 system of paid or unpaid bills.
It is quite simple, just study target2 and all becomes clear
In an effort to beat certain other valuable ZH "contributors" to the punch...
target2 rhymes with Jew!!!
Would Draghi like some cheese to go with that whine?
What a baby. I've seen more maturity from third graders.
I can't help feeling that those two, Draghi and Weidmann, are acting out some kind of good cop/bad cop routine for all our benefit. If that is the case, if they are in secret agreement about some game plan, then it must be nearing fruition for them to raise the rhetoric to this level. Something is afoot, and it's about to come to a head. (Was that a mixed metaphor? :)
I'll second this. Something very much seems to be in the works.
If the EU splits into 2 zones, then we may be seeing a demarcation of rhetoric, in order to show who will eventually end up in which zone.
Looks like in that event, Germany and Italy would NOT be in the same zone.
There's no way it can split into "two zones"; the whole thing is sold to the public, or was sold to the public, as "european unity"; the two zones would become 12 zones in a month.
No. If you knew europeans, you'd easily conclude that that is no feasible.
EU was created by USA as an continuation of Marshal Plan. It's security is guaranteed by Pentagon.
Either one euro or back to local courrencies.
correct conclusion; not so sure about EU created by Marshall plan; doesn't seem to make any sense. edit; back to local currencies is what I meant by "into 12 zones"; which wasn't clear. my bad.
As QE ends and stocks start to fart out all that hot air, as they did during the last QE closures, hear the squiming and squeeling from the mainstream press pushing Dragni's EU abenomics suicide.
They need a crashing Euro to carrytrade the DOW to new ponzi print injected highs.
If not, it is a crash or the very very embarresing announcement of QE forever. Yellen at least needs a few more months for Ebola to go full Pandemic.
Does this mean the NWO psychopathic dream is ending and we can now arrest Loyd Blankfein and Jamie Dimon?
Moar central bank printing around the corner....but not until after some false flag distraction perhaps...
http://olduvai.ca
*madame ebola enters stage right* - "you rang?"
Maybe Draghi should be listening to the Germans, they have a pretty functional economy compared to the craters the ECB has creat a over the EU.
Maybe he doesn't give a fuck.
Fuck the EU, ya know.
The "emperor" spoken again
Confusing to think how this shakes out in the end...Germany benefits from the weak Euro as their exports are cheaper, this is a reason to NOT buy sovereign debt. If the Euro crashes completely, or one of the big members leaves, the Euro falls apart and Germasny goes Deutschmark, which would be the strongest currency in Europe for sure, most of the world probably, and it would kill the German export machine and economy too - a reason to say YES to buying sovereign debt. Since they have no military anymore that also affects their ULTIMATE decision, though not sure when that card would be played by US or which way they want it to go! A Euro that falls apart is a crisis, leadingnto wars probably, and we love to take advantage of crisis, and make a lot of money in war, so who knows?
Don't worry about war in europe, won't happen. Do not forget, Angela speaks russian and Vlad speaks german and vice versa!
When you've had your country reduced to rubble (2) times in a century, you tend to be prudent with your decision making processes.
That's something Mario "Squidface" Draghi fails to understand.
Europeans simply need to accept Goldman Sachs as their overlord and all their troubles will vanish.
Germany: PLEASE exit the EU, then I will return to the Father+Mother-Land, even though I am not German - Best country to live in if not for the EU !
Me too. And I'm Scottish ! Austria looks good.
Austria is also good, but western 2/3 is very mountainous, and much colder weather than Germany.
There is one fundamental matter of fact u all are not taking into consideration: Jens Weidmann is a puppet.
Draghi and Angela are best friends and he knows/she knows, that this cohabitation has to last til the end of her legislation. Therefore Draghi will follow their agenda. Don not worry, everything will be fine.
At what point does Draghi pull Merkel aside and quitely whisper: "Angela, so, you do not want to cooperate with me? Well, have you heard of Ebola?"
YOU WROTE:
"In democracies, it's the parliaments that should decide on such a far-reaching collectivization of risks, and not the central banks"
And what about nations that do NOT have a parliament, such as the USA? We only have a federalist, strong checks and balances, separation of powers system, in other words, a PSEUDO-democracy.
Someday, americans will wake up to the fact that the other western nations have parliamentarian systems, systems where the power of the government is placed in a lower house, a house where the politicians are elected from small voting districts. In other words, in districts that are united and not divided, because they are small. Small is unified, and large is divided.
This is the secret of the elite, how they maintain control in america, and by doing so, control the world.
But the sheeple may take a long long time to realize the truth....
Not surprised hearing this from Mario Draghi. After all, he is an Italian. Aside of Greece and France, Italy is perhaps the MOST business-unfriendly European nation. More importantly, far too many western European nations don't yet understand their business culture, with all due respect, is shit! Western European nations see private business as something only there to serve them. Alarming, considering the fact so many corporations have moved away already. The only thing they have on the US is a lower corporate income tax rate. Of course, our politicians see to it those willing to kick money back up directly to them will see lower average rates. Western Europe is not a place to set up business unless you're the only company in your industry that provides the local, domestic economy only.
Is Weidmann elected ?
I think maybe it is election season.
Time to pretend everything is the other party's fault - that you have not been wanking each other off for the last few years. Too easy.