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German Press Summarizes Today's Greece Negotiations In One Cartoon

Tyler Durden's picture




 

As clear as it gets.

h/t @damomac

 

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Fri, 02/20/2015 - 08:23 | 5807179 Drummond
Drummond's picture

Does this mean the real bank runs start now?

Fri, 02/20/2015 - 08:24 | 5807184 Haus-Targaryen
Haus-Targaryen's picture

Fuck the EU.  Fuck the EUR!  I don't care who does it -- burn this fucking thing to the ground. 

Fri, 02/20/2015 - 08:27 | 5807197 Thirst Mutilator
Thirst Mutilator's picture

NEIN NEIN NEIN ~ Is that like, '666' upside down?

Fri, 02/20/2015 - 08:31 | 5807213 Ghordius
Ghordius's picture

it's five times no, and a way for this German newspaper to highlight that they think Schäuble is being too hard in his negotiating stance

Fri, 02/20/2015 - 08:33 | 5807228 Thirst Mutilator
Thirst Mutilator's picture

Fucking hell, all you had to do was to upvote the silly comedy offering & END IT!

Fri, 02/20/2015 - 08:36 | 5807239 GetZeeGold
GetZeeGold's picture

 

 

 

Dammit.....I don't speak German....what the hell does that mean?

Fri, 02/20/2015 - 08:38 | 5807249 Cognitive Dissonance
Cognitive Dissonance's picture

If the Germans had their way you would be speaking German. Just sayin'

Fri, 02/20/2015 - 08:40 | 5807263 GetZeeGold
GetZeeGold's picture

 

 

Yeah.....it was pretty damn close.

Fri, 02/20/2015 - 08:41 | 5807269 Thirst Mutilator
Thirst Mutilator's picture

Well ~ maybe I'm not speaking German, but it sure seems like the Nazi's got their way in the USSA

Fri, 02/20/2015 - 08:44 | 5807282 kliguy38
kliguy38's picture

Neocons are just another version of Nazis........

Fri, 02/20/2015 - 08:57 | 5807321 HowdyDoody
HowdyDoody's picture

ZioCons?

Fri, 02/20/2015 - 08:59 | 5807330 rpc
rpc's picture

TAZ newspaper is ultra left/communist, they are not representative for Germany

Fri, 02/20/2015 - 09:02 | 5807341 Wolferl
Wolferl's picture

Left, liberal but not ultra left/communist.

Fri, 02/20/2015 - 09:42 | 5807489 thatthingcanfly
thatthingcanfly's picture

There is no difference. Showing that there was no difference is what got Senator McCarthy blacklisted by them.

Fri, 02/20/2015 - 09:56 | 5807518 Bokkenrijder
Bokkenrijder's picture

Who zaid Zermans haf no jemour?

https://www.youtube.com/watch?v=G-VM5wqzhWY

Fri, 02/20/2015 - 08:46 | 5807284 GetZeeGold
GetZeeGold's picture

 

 

the Nazi's got their way in the USSA

 

I just knew Operation Paperclip was a bad idea.....I just knew it.

Fri, 02/20/2015 - 09:12 | 5807369 Urban Roman
Urban Roman's picture

It was a good idea for the Nazis. They saved their precious bodily fluids.

Fri, 02/20/2015 - 09:52 | 5807521 Stanley Kubrick
Stanley Kubrick's picture

Saving bodily fluids.

 

Good times.

Fri, 02/20/2015 - 08:44 | 5807273 cnmcdee
cnmcdee's picture

This is beautiful.  Germany should never have been in the business of lending Greece anything but charity. People should never be in the business of lending money to their government's.  If by some miracle your government employee is starving let charity remedy their afflictions.

I fully encourage Spain, France and any other country that received the loaned money to fully default .  America should never have lean't money to Mexico - Mexico should default.  Every country in the world is overdue for a full default. Never again should the governments of the world pander their socialist ideas via structured and indentured debt.  Never again should any government protect their mismanagement with the T-Bill or bond, ban these instruments for eternity!

FUCK EM RIGHT IN THE ..

Fri, 02/20/2015 - 08:48 | 5807294 Ghordius
Ghordius's picture

you forgot to mention The Vampire Squid Firmly Attached To The Face Of Humanity, didn't you?

Fri, 02/20/2015 - 08:56 | 5807318 cnmcdee
cnmcdee's picture

Here is the biggest problem in the world.  People will not rise to their own responsibility.  As a test I ran an ad in Odesk looking for programmers that would move forward in a programming collective, or programming cooperative.  It mean't that everyone would donate their time to write the code, and receive a portion of the profits in relation to the portion of code that they wrote.  A perfect balance of reward for effort, as some projects that make money are simply beyond the resources of a single individual to write.

Did I get *any* interest at all? No!!!

But these same programmers that cannot work together to achieve anything will gladly sell their skillsets out for as low as $3/hr just to undercut everybody else in the room.

So they *all* stay perpetually trapped to trying to undercut each other, meanwhile anyone with money could hire the lot of them and get the to write the same code for 1/10th of what they would of made had they did it as a collective.

*this* scales to every situation.

Fri, 02/20/2015 - 09:28 | 5807435 CrimsonAvenger
CrimsonAvenger's picture

Invalid experiment. You're asking people who need a paycheck right now to wait months for the vague promise of some (or maybe no) compensation months or years in the future? Wasn't there a report recently about half the people facing serious hardship if they missed their next paycheck? What's more, in an era where trust is breaking down all around us, you're asking people to pull together in a high-trust relationship with people they've never met, who have an unknown skill level?

Fri, 02/20/2015 - 10:35 | 5807684 Calmyourself
Calmyourself's picture

Socialists never think anything through in that level of detail it is all passed over in blind  ignorance in favor of the goal.  Real needs and motivations of people are never important to a Socialist.  Which is why force is so often used to achieve their goals.     

Yes this scales to every situation.

Fri, 02/20/2015 - 13:00 | 5808243 malek
malek's picture

 Wasn't there a report recently about half the people facing serious hardship if they missed their next paycheck?

So?? Do you see anything wrong with that?
I mean do you now declare that "normal" - as TPTB are very happy to distort the overall picture so much, that even the most basic experiment seems to become Invalid

Fri, 02/20/2015 - 11:00 | 5807771 Chump
Chump's picture

If I read an ad asking me to donate my time in return for some vague promise of an undefined portion of future profits, I'd treat it like the scam that it was also.

I agree that there is a serious lack of drive and willingness to work hard in general in the United States, but this example is terrible.  I've had no trouble filling positions when I've been upfront and clear about the job requirements and compensation.  The percentage of useless eater applicants has risen dramatically over the years, but again, it's been no problem to find a good employee.  

Now our anecdotal test set is n=2, which is still pretty meaningless.

Fri, 02/20/2015 - 11:32 | 5807905 roadhazard
roadhazard's picture

Sounds like a scam.

Fri, 02/20/2015 - 08:49 | 5807300 agstacks
agstacks's picture

HEAR HEAR! +1

Fri, 02/20/2015 - 11:05 | 5807792 Chump
Chump's picture

Now this I agree with.  Germany knew, factually, that Greece could never pay this money back.  Ergo, it was a gift.  All sovereign lending is unsecured anyway.  Agreed, fuck 'em.

Fri, 02/20/2015 - 11:56 | 5808015 escapeefromOZ
escapeefromOZ's picture

That's the beauty of central banks ......... they borrow money from the market ..... so they can default  !      A firing squad woudl fix it !

Fri, 02/20/2015 - 08:46 | 5807290 Eyeroller
Eyeroller's picture

If the Germans had their way you would be speaking German. Just sayin'

If the Millennials had been the ones to fight in WWII we would now be speaking Germanese. 

Fri, 02/20/2015 - 10:00 | 5807556 jwoop66
jwoop66's picture

You can't condemn the moderate germans because of the actions of a few individuals who are not real germans. 

 

Germany is a country of peace.

Fri, 02/20/2015 - 10:55 | 5807748 FMOTL
FMOTL's picture

Yes really surprised the ZH crowd still goes with the mainstream history propaganda of Hitler/Nazi = pure evil ignoring the far worse crimes of the Allied leaders all of whom were responsible for the mass murder of far more innocent civilians

Fri, 02/20/2015 - 11:29 | 5807888 Mullky
Mullky's picture

If this were true, then why did the Germans allow the English and French armies to escape across the English Channel after they had been decimated by Blitzkreig? The Germans had them surrounded and could have ended the war by crushing them, so why didn't they do it? I'm not buying "it was a Military blunder". If they really wanted the world to speak German they would not have hesitated to wipe out their opposition when they had the chance.

https://www.youtube.com/watch?v=Vnu5uW9No8g

This documentary has opened my eyes more than anything else, it is incredible. Germany, Italy and Japan were all against central banking and Usury. That is why we were all taught to think Hilter was a monster, because he started the movement. History is always written by the winners, the Allies/NATO are the current winners. The German regime has been a puppet since 1945. Take some time to hear Germany's side of the story. We've only heard one side all of our lives.

 

Fri, 02/20/2015 - 12:58 | 5808237 armageddon addahere
armageddon addahere's picture

Original documents of the time indicate Hitler and the German High Command were surprised by the British withdrawal and didn't know it was happening until they were gone and it was too late to stop them. The Brits did not tell their French and Belgian allies they were leaving either.

Later on the Germans were all like "ah, we could have caught them but we let them get away, yeah that's the ticket".

Fri, 02/20/2015 - 13:16 | 5808315 Cliff Claven Cheers
Cliff Claven Cheers's picture

I'll Bite.  Criticism one: 6 and a half hours is a lot to ask someone to watch, its called editing to make a concise point, hold peoples attenction etc.  Two:  Hitler does have that whole extermination of the Jews thing to overcome before he will start to get any good press, ever. 

Hope that helps your confusion as to why Hitler will never be a popular guy this side of Hell.

Fri, 02/20/2015 - 13:33 | 5808388 FMOTL
FMOTL's picture

Yawn , see what I mean , Hitler = extermination of the jews, 6 million etc etc . The propaganda is strong . As Adolf himself said "no one will ask the victors if they told the truth "

Fri, 02/20/2015 - 08:38 | 5807247 Ghordius
Ghordius's picture

thank you, but I still have some hope that serious comments come back, here. all this pseudo-comedy goes in the way of serious fighting about serious issues, with real arguments

Fri, 02/20/2015 - 08:40 | 5807259 Cognitive Dissonance
Cognitive Dissonance's picture

To accomplish what my friend? The powerless argue. The powerful just do.

Fri, 02/20/2015 - 08:43 | 5807277 Thirst Mutilator
Thirst Mutilator's picture

 "hey who else could go for some FLAPJACKS around here?"

~Ralph

Fri, 02/20/2015 - 08:47 | 5807292 Philo Beddoe
Philo Beddoe's picture

Too early for flapjacks?

Fri, 02/20/2015 - 08:58 | 5807313 Thirst Mutilator
Thirst Mutilator's picture

Comedy aside. (& more to the point of Mr. Ghordius). Yes quite. There was a day when things like mathematical asymmetrical impossibilities were discussed in a serious way around here. But those discussions were eventually neutered.

With regards to the issue imbedded in this particular thread. If anyone wants a serious discussion, you end up having to dig down a very deep rabbit hole. The problem with this (& just about EVERY rabbit hole of issues discussed here in this Groundhog Day manipulated financial paper derivative world), is that as you dig, you eventually wind up back at the 'mathematical asymmetrical impossibility' conundrum way down at the bottom of the hole.

Alas, we've been reduced to comedy

EVERYTHING IS AWESOME!

Fri, 02/20/2015 - 09:05 | 5807343 Ghordius
Ghordius's picture

"Alas, we've been reduced to comedy". One word: agency. You have a choice. For example to reduce yourself to a passive victim... or not

Fri, 02/20/2015 - 09:27 | 5807432 Thirst Mutilator
Thirst Mutilator's picture

Who said anything about being 'passive'?. I eventually engaged your issue directly. I'm still HERE aren't I?

Fri, 02/20/2015 - 09:26 | 5807423 game theory
game theory's picture

The discussion on this site is not just "neutered"...but also far more one-sided than it used to be.  If you aren't pro-gold or pro-russia you have little support here. 

With regards to Greece, one has to wonder if Goldman designed this mess over a decade ago to both profit for itself but to also really stick it to Germany in the most pathological way. It would be an epic middle finger...the headlines should read "Germany declares war on Goldman".

 

Fri, 02/20/2015 - 09:33 | 5807462 Thirst Mutilator
Thirst Mutilator's picture

I don't care if anybody is on my side or not on issues. With regards to sarc & comedy, I tend to consider those somewhat universal [to people who sport a sense of humor], but that's just my opinion & others may have theirs as well.

 

On the subject of Goldman designing messes.

 

If you read between the lines [and with specific regards to the abovementioned 'rabbit holes' and previously neutered conversations]. YES. Your shovel will have been put to use and you'd be digging in the right direction on that assumption.

Fri, 02/20/2015 - 10:09 | 5807595 Lanka
Lanka's picture

Comment as you desire, whether or not supported. 

Fri, 02/20/2015 - 11:39 | 5807927 roadhazard
roadhazard's picture

"support" ...lol 

Fri, 02/20/2015 - 08:45 | 5807285 p00k1e
p00k1e's picture

You are very wise.

“Power must be taken, it is never given.”

- William Powell   

Fri, 02/20/2015 - 08:55 | 5807315 Ghordius
Ghordius's picture

if it was so, why do the powerful spend so much on propaganda? the real power of the powerful over the powerless is in keeping them befuddled, full of lies, half-lies and deceit

even goats have to be led. it's sheep that have to be driven. Be at least a goat, in this Year of the Goat. I know I have power, I have changed things. So can you, if you know where to apply pressure

knowledge is power. and the difference between the powerful and the powerless is... knowledge

Fri, 02/20/2015 - 09:19 | 5807378 Cognitive Dissonance
Cognitive Dissonance's picture

I see what you did there. First you speak of arguing, then you say knowledge.

Maybe it is all semantics, but very few people who ARGUE are looking for KNOWLEDGE. Nor are they interested in spreading KNOWLEDGE. What I find most often is they are interested in winning and making points, of using verbal blunt force trauma to overpower their opponent. Truth, lies, knowledge, myth: these are all just words, techniques and methods used to win.

Fri, 02/20/2015 - 09:21 | 5807405 Ghordius
Ghordius's picture

then be one of the few, and do argue while looking for knowledge

the Chinese have a saying about one tiger and a million ants. which is more powerful? now, what would the tiger argue for if it has to fight the ants?

that the ants coordinate or that each and every one follows it's own path, and tries to be as individual as possible?

Fri, 02/20/2015 - 09:27 | 5807429 Cognitive Dissonance
Cognitive Dissonance's picture

Rarely do I see those who argue coordinating anything other than their next verbal barrage to send over the fence. There is no learning involved when arguing other than learning how to argue in order to win.

The act of arguing is verbal warfare. No one who is arguing is looking to join forces. Rather they are attempting to get the other side to capitulate to their way of thinking. Or at the very least to win the crowd and the trophy.

Arguing is an escalation of debate, where at least debate has some understood rules of engagement. Even then debate is about verbal dexterity and scoring. If one is accomplished enough they can debate both sides of the topic. Does that mean both sides are equally valid?

Fri, 02/20/2015 - 09:43 | 5807492 Ghordius
Ghordius's picture

CD, in most human squabbles... both sides are equally valid. Remember that nobody is a villain in his own eyes, and seldom in his mother's eyes

take this article: it's a German newspaper on the left criticizing Schäuble for being too hard on his stance. but it's an initial stance, prior to a long bargaining session

so no, Germans are not "Germans, period", they do differ on this issue

Fri, 02/20/2015 - 10:04 | 5807572 rccalhoun
rccalhoun's picture

gold!  putin!  fuck O and Jamie! And double fuck to Bernanke (Mr Yellen)

 

^^^^^how many upvotes did that get me?

Fri, 02/20/2015 - 10:45 | 5807719 SubjectivObject
SubjectivObject's picture

I like Ghordius' arguement better.

CD sees, and appears to epitomize, arguement in emotional terms, Ghordius sees arguement as principled counterpoint to lies and disinfo.

Fri, 02/20/2015 - 13:13 | 5808291 malek
malek's picture

 in most human squabbles... both sides are equally valid

So in other words some are not equally valid for both sides.
Did you forgot to explicitly point out that you naturally know which ones that are?

In the end you're posting half-assed assessments using elastic definitions, resulting in meaningless bullshit as most of the time.
That's cool with me, just don't try to pose for something bigger than life here.

Back to Schäuble:
Everybody who has watched him for 10 years and still hasn't categorized him as a pure psychopath is pretty hopeless to begin with.
I don't need to cheer a very left-leaning newspaper (nor any other strongly tilted newspaper) for starting to use propaganda to try to bend the opinions of the sheeple into a better direction (not convince them), in the way of "two wrongs to make it right"

Fri, 02/20/2015 - 10:33 | 5807653 Element
Element's picture

Are any sides necessary Cog?

Sides are the mental trap that makes objective disinterest and civilization's survival ultimately unworkable.

The validity of sides is a gratuitous presumption. The guy in the huge crowd is not taking a side. Did he start and support the war? Or did the people who took a side? Who will threaten you, the people who take a side, or the people who don't, and won't?

Fri, 02/20/2015 - 10:02 | 5807537 Panafrican Funk...
Panafrican Funktron Robot's picture

.

Fri, 02/20/2015 - 10:01 | 5807559 Panafrican Funk...
Panafrican Funktron Robot's picture

@Ghordius:

"All I have in this world, are balls, and my word."

Power = balls + trust.  Knowledge is just a tool in the tool box, no different than a gun or a pretty face.

Fri, 02/20/2015 - 10:05 | 5807579 Ghordius
Ghordius's picture

I have to admit defeat, on this point. Insofar that if I had to choose between balls/trust without knowledge and knowledge without balls/trust, I'd take the former over the latter. But I'd still try to have both

Fri, 02/20/2015 - 10:20 | 5807627 Arrowflinger
Arrowflinger's picture

 

Ghordius, Thanks for your forceful words. Knowledge is indeed power if you know how and where to apply it. It is akin to practicing financial martial arts - you use the opponents' own weight, momentum and power against them. I tested this over 3 years in an obscure, yet central, venue with respect to the massive financial fraud.

Our loose band of confederates used the techniques you described nearly to perfection against an oligarchical power that had never known defeat and they allowed us to prevail in stunning manner. No one on ZH will ever learn of it because the oligarch controls the media.

I grew weary of the battle because the ostracism, ridicule, and pervasiveness of corruption. More than that, my compatriots were not dependable. People begged me to not quit, but quit I did. It is one thing to rail on  ZH about macroeconomics and corruption on a national  or global level but another to confront it in a locale that is an unrecognized epicenter of The Great Financial crisis.

You are right and we proved it on a small scale. HOWEVER, there aren't enough people with the willpower and tenacity to save the world with even this mighty technique.

In the USA, people have welded themselves to the sinking ship captained by crooks, fools, and charlatans.

 

 

 

 

 

Fri, 02/20/2015 - 13:37 | 5807630 Element
Element's picture

Good point.

What Cog says there has me wondering why he wants to participate in commentary in an un-moderated forum if he feels there's no need for functional commentary to be able to take place? If people can't think clearly, nor understand freely, the outside expression of that, is still going to occur. If we are constantly led about by befuddling propaganda and manipulation of emotions, plus stampeded into a version of 'right' and 'wrong', we sure won't be thinking clearly, nor understanding freely, any time soon.

And the NET external result will be what the NET internal result is.

Sat, 02/21/2015 - 15:04 | 5812516 piratepiet
piratepiet's picture

Wellcome back !

 

Fri, 02/20/2015 - 08:56 | 5807319 i_call_you_my_base
i_call_you_my_base's picture

This has been going on for years. I'm all out of arguments. Peak fatigue on this one.

Fri, 02/20/2015 - 08:49 | 5807246 Anasteus
Fri, 02/20/2015 - 10:06 | 5807583 Dubaibanker
Dubaibanker's picture

Perhaps, the first time ever in history, an emerging market country - South Africa - has fined a giant European bank - Deutsche bank - for not following anti money laundering rules.

Deutsche Bank Fined $857,000 in South Africa for Rules Breaches

Straight from the South African Reserve Bank site:

Administrative sanctions imposed on Deutsche Bank AG Johannesburg Branch and Capitec Bank Limited........

Fri, 02/20/2015 - 08:29 | 5807209 Ghordius
Ghordius's picture

yawn. what has the EU to do with the EUR with this issue of Greek debt? it could be denominated in USD or gold and it would still make little difference

as a reminder, the whole thing about this creditor/debtor thing is how many percentage points of budget surplus the Greek government is willing to concede

savour the words: budget surplus. it's the opposite of debt

Fri, 02/20/2015 - 08:34 | 5807235 Haus-Targaryen
Haus-Targaryen's picture

I'm glad you're back.  We all assumed you IN THE FIGHT OF YOUR LIFE to put together ways to spin the upcoming, ehrm, problems, in a positive light.  

Fri, 02/20/2015 - 08:38 | 5807242 GetZeeGold
GetZeeGold's picture

 

 

He appears to be OK.....he's yawning.

 

Never let them see you sweat....even if you are.

Fri, 02/20/2015 - 08:46 | 5807289 Ghordius
Ghordius's picture

I don't know if I have any reason to be glad to be back. but I don't see any comment that is even worth of a fight, today. you can't apply logic or even spin to wishes

what we have today is a dozen-plus finance ministers of sovereign countries bitching in a room about sovereign debt. so much for the "EU superstate" legend

I maintain it's all about budgets. being an eurozone member means minding your budget. raising new debt implies similar constraints

the opposite of debt is... living within your means. unsustainable debt means, eventually, defaults (or debt forgivings, which are being done on a yearly basis, for Greece)

there is no positive light in all this for those who believe Dr. Krugman's War Of The Worlds and Grow Your Way Out By Smashing Windows

and I have no patience anymore for all those wishes for smashed windows for the sake of smashed windows

Fri, 02/20/2015 - 08:57 | 5807322 Haus-Targaryen
Haus-Targaryen's picture

Ghordo, we don't need to fight.  You love the EU and I hate it.  You love the EUR and I hate it.  No need to fight.  We have established our positions pretty clearly.  

Sure this is a sovereign problem, amoung sovereign states about their budgets.  The problem is -- it is just one currency, thus a bankruptcy in one can have huge negative effects on the other.  But I don't need to explain the run-on effects to you.  

You are fully aware of them.  Lets just be friends.  We don't have to share a currency to be friends and get along.  :)  

Fri, 02/20/2015 - 09:09 | 5807357 Ghordius
Ghordius's picture

I neither love the EU nor the EUR. Both are responses. Ugly responses to ugly pressures. Including a US Stock Market that desperately has to go up, or else

meanwhile, you don't have to share a currency with me. You live in the eurozone, you can convert to gold or to a private currency, something that is allowed, here

Fri, 02/20/2015 - 09:37 | 5807475 tarsubil
tarsubil's picture

You can pay taxes in a private currency or gold in the EU?

Fri, 02/20/2015 - 09:11 | 5807366 Pool Shark
Pool Shark's picture

 

 

We have no reason to fight,

'cause we both know that we're right. - Supertramp

Fri, 02/20/2015 - 09:00 | 5807332 25or6to4
25or6to4's picture

Ghordo
If one owes money one is not sovereign.

Fri, 02/20/2015 - 09:13 | 5807374 Ghordius
Ghordius's picture

considering that in the whole history of the world most sovereigns were borderline broke and dodging creditors or defaulting... no

Fri, 02/20/2015 - 09:50 | 5807514 LawsofPhysics
LawsofPhysics's picture

Like the U.S.?

Fri, 02/20/2015 - 11:13 | 5807820 Thirst Mutilator
Thirst Mutilator's picture

U.S. is a corporation. [but I'm sure you already knew that].

 

Without getting into all the eventual details about terms like 'soverign' & 'citizenry', 'UCC' law. 'Maritime Law', etc...

 

It strikes me as relevant that ALL OF THE ABOVE are, in the end, bound to arbitrary acknowledgements of so called 'legal' scripts, documents, & precedents. NONE OF WHICH  has anything to do with what one might call NATURAL LAW.

 

Sure, some authority wielding conclave of authoritarians might impose force upon any individual [whether to imprison, enslave, or kill] for what they arbitrarily concluded was a breach of law. But if, as an individual, you decide you want to go to the mat, NOBODY can ever take your freedom.

Fri, 02/20/2015 - 09:28 | 5807436 Bernoulli
Bernoulli's picture

I maintain it's all about budgets. being an eurozone member means minding your budget. raising new debt implies similar constraints

Let us assume you do not have the power to print your own money, do you think it is easier to "mind your budget" with a weak currency or a strong currency? Don't you think Germany has a bit of an advantage with the Euro being much weaker than the D-Mark used to be in comparison to other European currencies? Don't you think it is a bit unfair of the Germans to run around telling others off to "mind their budget" while themselves having record low interest payments on debts since decades, being export world champion year after year after year thanks to hard work of course, but also thanks to a much too weak Euro-currency and to practically no real wage growth of the German middle class? Germany is not "better" than the other Eurozone members and has no right to tell the others off and Greece is not worse. They are both just very very different. This is why they should have never shared a currency! Whose idea was that anyway??

This is not all that simple as in "mind your budget"...

 

Fri, 02/20/2015 - 09:35 | 5807466 Ghordius
Ghordius's picture

you fail to recognize that it's not "the Germans". every eurozone members has people that want to mind the budgets. hence the treaties. the German Finance Minister is just the loudest

yes, it does start with "mind your budget". if you don't, you have to take up debt

Greece has a choice. to stay in the balanced budgets currency union or to leave it. all the rest is just quibbling on terms during a bargaining session

Fri, 02/20/2015 - 11:43 | 5807922 Element
Element's picture

You know that isn't 'true', the inter-fucking of Greece with core Europe banks complicates that choice into a range of implications that can be extremely damaging for all. Greece's walking away will be seen as a highly hostile act of a grand user that harmed core-Europe. The bailouts have all been about Greece not doing that, and this is why the effort and haircuts have all been made. If they go ahead and leave, Greece will be kicked so hard in the balls so often that they'll be walking knock-kneed for the rest of this century. They will need to get used to being gutter trash and pissed on and spat at, often. For all the crap that gets said in here about Merkel and Co., the current Germany is the 'nice' Germany, and people should take that on board, because you do not want to see not-nice Germany.

(and if anyone feels like giving me a red for saying that could you please just do it and fuck off, I really don't wish to hear more of the same crap - cheers)

Sat, 02/21/2015 - 07:06 | 5811512 Ghordius
Ghordius's picture

Element, +1.

Agree on "the inter-fucking of Greece with core Europe banks complicates that choice into a range of implications that can be extremely damaging for all "

Disagree on "Greece's walking away will be seen as a highly hostile act of a grand user that harmed core-Europe"

the right of walking out of any european club is never in discussion, regardless of the implications, and can't be seen as a hostile act for itself

that's sovereignty as understood in Europe, aka Westphalian Sovereignty

Sat, 02/21/2015 - 10:38 | 5811726 Element
Element's picture

I don't question their right or sovereignty, they have that, I just know the result will be that people and countries will hold it against them.

Fri, 02/20/2015 - 08:39 | 5807261 Ignorance is death
Ignorance is death's picture

Well without the EUR the greeks would just devalue - plus they never would have gotten money as cheaply as they did in the early 2000s and wouldnt have accumulated this unsustainable debt load in the first place. So yes - this whole mess is only the EURs fault.

 

And, yah: budget surplus the opposite of budget deficit - not of debt. 

Fri, 02/20/2015 - 09:01 | 5807339 Ghordius
Ghordius's picture

if you devalue, doesn't this also rob the savers in the country? and is debt which does pay very little interest (until 2023) unsustainable?

"this whole mess is only the EURs fault" NO. this whole mess is the fault of fraud. done through derivatives, peddled by the Squid. "hiding" your debt has nothing to do with the currency

if you have a budget deficit, you have to find new creditors for new debt. difficult concept?

Fri, 02/20/2015 - 09:14 | 5807376 Anasteus
Anasteus's picture

Exactly, the relation between Greece - EU is akin to drug addict - drug dealer. Which one is being punished harder?

Fri, 02/20/2015 - 09:25 | 5807418 Ghordius
Ghordius's picture

is it so? then why is the Greek debt by the EU countries without interest until 2023, and is being "restructured" every year? did the EU countries push this debt or was it a banking cabal led by the Squid?

ask Ireland. ask Portugal. what's their stance, currently?

Fri, 02/20/2015 - 10:05 | 5807574 Dubaibanker
Dubaibanker's picture

.

Fri, 02/20/2015 - 08:24 | 5807180 Haus-Targaryen
Haus-Targaryen's picture

I will get close to the top. 

Fri, 02/20/2015 - 08:26 | 5807192 NoDebt
NoDebt's picture

Over/under on whether this will be declared a "credit event"?

 

Fri, 02/20/2015 - 08:33 | 5807227 PartysOver
PartysOver's picture

Not a chance.  I am sure that those details have already been negotiated out by the Banksters.  Don't forget EU QE to make up any CDS shortfalls.

Fri, 02/20/2015 - 08:31 | 5807212 kowalli
kowalli's picture

ROFL

Fri, 02/20/2015 - 08:31 | 5807220 philipat
philipat's picture

"as the Americans see a serious danger for Greece to slip towards the Sino-Russian bloc."

Otherwise, Fuck The EU?

Fri, 02/20/2015 - 08:39 | 5807260 kowalli
kowalli's picture

Fuck the EU (c) Nuland - i fixed for you, no thanks needed

Fri, 02/20/2015 - 08:43 | 5807278 GetZeeGold
GetZeeGold's picture

 

 

We've enrolled her in some aggression classes....she's progressing nicely.

Fri, 02/20/2015 - 08:48 | 5807297 BrosephStiglitz
BrosephStiglitz's picture

Aggression classes = marine corp. bootcamp? 

Fri, 02/20/2015 - 08:53 | 5807307 GetZeeGold
GetZeeGold's picture

 

 

Somethng to do with mind control and super solder crap....I'm not clear on the details.

Fri, 02/20/2015 - 08:35 | 5807236 Wild Theories
Wild Theories's picture

the slipping towards the Sino-Russian bloc is as much a Greek bluff as something of substance.

that's not discounting they may actually go there of course, but only as a result of running out of straws rather than some formulated plan.

 

...and Russia would be more than happy to play the part just to jab at the west, of course

Fri, 02/20/2015 - 08:37 | 5807241 yogibear
yogibear's picture

"Americans see a serious danger for Greece to slip towards the Sino-Russian bloc."

So the US want's to bail out the PIIGS now through a back-door. Why not? The Federal Reserve already knows that nobody is paying attention to them printing trillions upon trillions of dollars. And that on a mark-to-market basis their bankrupt.

Then there's the IMF and their SDR alternative fiat. Jumping from one failed fiat to a new one to start the game over again.

Fri, 02/20/2015 - 08:39 | 5807253 PartysOver
PartysOver's picture

All you have to do is look at the map.  Locate Crimea, Black Sea, Turkey, Istanbul, Canal trhough Turkey, Ageran Sea and finally the Eastern Med.  Now toss in a Russian Navy base in Greece and look who has a very strong presence in the Middle East, Southern Europe, Northen Africa.  Can you say oil and pipelines?

And for the icing on the cake Russia gets to flip a NATO member in retaliation for NATO flipping a few Eastern European countries.

THE GAME OF THRONES!!!!!!!!!!!!!!

Fri, 02/20/2015 - 08:28 | 5807202 Bill of Rights
Bill of Rights's picture

European Central Bank preparing for Greece to exit euro: Spiegel newspaper 

 

 The European Central Bank is preparing for a departure of Greece from the euro zone and its staff are preparing contingency plans on how the rest of the bloc could be kept intact, German news magazine Spiegel reported in a preview of its magazine.

Fri, 02/20/2015 - 08:29 | 5807207 HardlyZero
HardlyZero's picture

Popcorn ready for this weekend.

This is 2/20/2015 G-Day !

Grexit will enter the lexicon.

Fri, 02/20/2015 - 08:50 | 5807304 Eyeroller
Eyeroller's picture

If I ate all of the popcorn I've had ready in anticipation for the coming shit show, I'd be as big as Honey Boo Boo.

Fri, 02/20/2015 - 08:29 | 5807210 yogibear
yogibear's picture

What, Germany has balls?

Hard to believe. This is just more posturing. 

Fri, 02/20/2015 - 08:39 | 5807258 p00k1e
p00k1e's picture

100 years later, Germany is still bitter about losing the war.

Fri, 02/20/2015 - 08:29 | 5807211 ipud
ipud's picture

What will Merkel say after the Greeks schtup her for the 8th time?

Fri, 02/20/2015 - 09:31 | 5807453 Keyboard Kommando
Keyboard Kommando's picture

She will say, "nine!"

Fri, 02/20/2015 - 08:31 | 5807216 justmy2cents
justmy2cents's picture

Is the two lightning bolts supposed to signify him as a Nazi?

Fri, 02/20/2015 - 08:43 | 5807280 Ignorance is death
Ignorance is death's picture

Yeah probably. TAZ is an extremely leftist newspaper, they call everyone a Nazi who thinks that Germany has any legitimate interests of its own.

Fri, 02/20/2015 - 10:12 | 5807606 lakecity55
lakecity55's picture

I thought it was an enfeebled Zeus throwing down lightening from a Mt Olympus of Euros.

Fri, 02/20/2015 - 10:21 | 5807631 SystemOfaDrown
SystemOfaDrown's picture

'Zeus' Rothchild.

Fri, 02/20/2015 - 08:32 | 5807223 Keyboard Kommando
Keyboard Kommando's picture

Nein?!? I'd settle for seven or eight!

Fri, 02/20/2015 - 11:15 | 5807825 Thirst Mutilator
Thirst Mutilator's picture

Not if you were James Bond playing Baccarat

Fri, 02/20/2015 - 08:37 | 5807244 p00k1e
p00k1e's picture

"NEIN NEIN NEIN"

Sounds like a Republican slogan to me.....  Hmmm...

Fri, 02/20/2015 - 08:48 | 5807295 p00k1e
p00k1e's picture

 Ah, yes.  

 

"The 9–9–9 Plan, a centerpiece of Herman Cain's 2012 campaign for the Republican Party's nomination for president of the United States, was introduced in August 2011. The 9–9–9 Plan would replace all current taxes (including the payroll tax, capital gains tax, and the estate tax) with 9% business transaction tax, 9% personal income tax, and a 9% federal sales tax.[1][2]"

Fri, 02/20/2015 - 11:45 | 5807951 roadhazard
roadhazard's picture

heh, good one.

Fri, 02/20/2015 - 08:38 | 5807248 Brazen Heist
Brazen Heist's picture

SIEG NEIN!

Fri, 02/20/2015 - 08:38 | 5807251 WTFUD
WTFUD's picture

Is that a NO then?

First they came for the Greeks . . . .

Fri, 02/20/2015 - 08:41 | 5807270 Herdee
Herdee's picture

When the swap lines with the Fed have been used to prop up insolvent EU banks,you'd better listen to the paymaster.It's called contagion.

Fri, 02/20/2015 - 08:41 | 5807271 p00k1e
p00k1e's picture

Fill up your credit cards people!  Once the majors (governments) stop paying, why should we??

If you collect a government check to survive, make good with your kids today! 

 

We ain’t pay’in!

We ain’t pay’in!

We ain’t pay’in!

Fri, 02/20/2015 - 08:46 | 5807287 Philo Beddoe
Philo Beddoe's picture

If you collect a government check to survive, make good with your kids today! 

What are the kids going to do to help? Curious. Show Ma and Pa how to hunt and live off the land. 

Fri, 02/20/2015 - 08:42 | 5807276 kowalli
kowalli's picture

ALL IN for Greeks. They already win, they can take jackpot. The world know now that Europe just a bunch of fuckers

Fri, 02/20/2015 - 08:43 | 5807279 Boubou
Boubou's picture

US isin there big time trying to take charge of this situation. I think US taxpayers are eager to help.

Fri, 02/20/2015 - 09:05 | 5807288 kowalli
kowalli's picture

US taxpayers can help Greece and will pay debt instead=)

Fri, 02/20/2015 - 08:50 | 5807301 Peter Pan
Peter Pan's picture

Germany does not really mean "nein".

What she really means is "mine".

Fri, 02/20/2015 - 09:06 | 5807346 winchester
winchester's picture

nein ?   i heard "nailed"

 

Fri, 02/20/2015 - 10:06 | 5807581 lakecity55
lakecity55's picture

I thought we had a deal. Keitl, I want a plan in 24 hours to level Athens!!

This will interfere with my plans against Russia!

Ja, Mein Fuhrer!

Nothing left, Keitl! Nothing! Use the entire Luftwaffe! Get Goring on the phone, Now!

Fri, 02/20/2015 - 08:56 | 5807317 CaptainMoonlight
CaptainMoonlight's picture

Greece, just sht or get off the pot already. This news is growing as tiring as Modonna news, f4ggoty Brucine Jenner news, and news about Obama not actually doing anything about ISIS. Gimme a fn break. Big fn yawn.

Fri, 02/20/2015 - 08:58 | 5807324 ciscokid
ciscokid's picture

Time to go to Greece and buy me that little seaside apartment I always wanted........

Fri, 02/20/2015 - 08:58 | 5807325 bait_n_switch
bait_n_switch's picture

As I said before--the origins of the EU-- because I don't think it can be stated enough.

Read The Red House Report (EW-Pa 128), a US intelligence report detailing Nazi plans to set up a European Union.   It was a blueprint of how the Nazis would take control of Europe not by military conquest but through economic means.

The corporate preparations for World War II started as early as 1925, when Bayer, BASF, Hoechst and other German multinationals formed a cartel called “IG Farben Industry”. The declared goal of this cartel was to obtain control of the global markets in the key industrial sectors of chemistry, pharmaceuticals and petrochemicals. On April 24, 1964, the key architects of the “Brussels EU” – all of them active members of the IG Farben/Nazi coalition during WWII – met at the “Brussels EU” headquarters to stake their claims on the future of the European continent. 

Key architects/founding fathers:

EU Commission President Walter Hallstein
German Chancellor Ludwig Erhard
Ludger Westrick, Head of the German Chancellery
Karl Carstens, German Secretary of State for the Ministry of Foreign Affairs
Karl-Günther von Hase, Head of the Press and Information Service of the German government

Walter Hallstein, a German lawyer, had been appointed the founding president of the so-called EU Commission, the highest body within the “Brussels EU.” In 1964, the time above meeting took place, he had already been the chief architect of the “Brussels EU” construct for seven years. Hallstein, not legitimized by any democratic vote anywhere in Europe, ruled like a “tsar” – imposed by the successors of the IG Farben oil and drug cartel – over an army of 3,000 administrative servants in Brussels and a budget of billions of Euros (in today’s currency).

Before and during WWII Hallstein had served the Nazi regime as a fervent advocate of Nazi law, among others at the University of Rostock, Germany. In January 23, 1939, three years after his Nazi law colleagues had issued the Nuremberg racial laws – and only months before the Nazi/IG Farben coalition launched WWII by attacking Poland Europe – Hallstein talked about future European law under German leadership (“Rechtseinheit Großdeutschlands”). He left no doubt to whom his loyalty belongs: “One of the most important laws (in Nazi occupied European countries) is the protection Law for German blood and honour.”

  Ludwig Erhard had been an economic consultant to the Nazi/IG Farben-coalition. He was founder and head of the Nazi-financed “Institut für Industrieforschung” (“Institute for Industry Research”) from 1942. He was married to the sister of Dr. Guth, the head of the infamous “Reichsguppe Industrie” – the Nazi’s official association of the German Reich’s industrialists. In 1944, Erhard wrote “War Finances and Debt Consolidation” (“Kriegsfinanzierung und Schuldenkonsolidierung”), a study about the reconstruction of the economy in a post-war Germany.

After World War II, Erhard became an economic consultant to the Allied forces and later Minister of Economic Affairs and Chancellor in post-war Germany. He was then a member of the Christian Democratic Party (CDU). In his functions, he was responsible for the reintegration of the IG Farben managers sentenced in Nuremberg for crimes against humanity into leading corporate positions in post-war Germany.

One of those to be “reintegrated” was BAYER's WWII director Fritz Ter Mer. This executive of the world’s largest pharmaceutical (!) company was convicted in the Nuremberg War Crimes Tribunal No. VI for genocide in connection with the deadly human experiments with patented Bayer drugs in the KZ Auschwitz (www.profit-over-life.org). With the help of Erhard – then Germany's Minister of Economic Affairs – Ter Mer was released from prison and reinstated as the chairman of the board of BAYER by 1956.

Erhard publicly defended such an unspeakable act by stating that the selection of Germany’s post-war industry captains was necessary because of their “expertise in the field of economics and chemical technology.” Obviously, Erhard did not bother that Ter Mer and the other pharmaceutical drug lords had been tried in Nuremberg for war crimes. As part of the “give and take”, Erhard was rewarded with the appointment of vice-chancellor of Germany only one year later.

Ludger Westrick was chairman of the board, president, and later central trustee of the state-owned “Vereinigte Industrie-Unternehmen AG” (VIAG) during the Nazi era. In post-war Germany, Westrick joined the Christian Democratic Party (CDU).

By 1964 – at the time of the above meeting – he had been appointed head of the German Chancellery, one of the most powerful positions in the German political system. In that function he controlled all key decisions of German politics, including economics, foreign policy, secret service, political funds, public relations and propaganda of the post-WWII German government.

Westricks predecessor as head of the German chancellery – and the man who had coordinated the political and financial support for Hallstein and the construction of the “Brussels EU” from the German chancellery for the first 6 years of the new European politburo of the cartel in Brussels – was Hans Globke. Globke was a key figure in Hitler’s Ministry of Internal Affairs. He was the lawyer who was responsible for implementing the Nazi laws and regulations, subjecting the occupied countries in Europe under the rule of the IG Farben/Nazi coalition. Moreover, Globke was co-author of the legal codex that made the Nuremberg racial laws binding law in Nazi Germany. This codex formed the legal basis for the annihilation of Jewish, Slavic and other people in Nazi occupied Europe. The second author of this codex, Wilhelm Stuckart was a State secretary in the German Interior Ministry and was one of the selected few participants of the infamous “Wannsee Conference” that decided the extermination of more than 10 million Jewish people.

Westrick, the man on the above picture, was the immediate successor of Globke and had been introduced into his office by this man.

Karl Carstens was an enthusiastic Nazi follower, joining the SA already in 1934. He was a registered member of the Nazi party, the NSDAP from 1940 on. In 1955 he became member of the German Christian Democratic Union.

In 1954 Carstens joined the German Foreign Service and from 1955 he was the official standing representative of the German Federal Republic at the European Council in Strasbourg!

Concurrently, he advanced to the position of Vice-Minister of Foreign Affairs with the defined field of responsibility: “European Questions.”

In 1958 he advanced the Head of the Division “Europe West” within the German Ministry of Foreign Affairs.

Karl-Günther von Hase joined the Wehrmacht, the German army in 1936. He participated in the Nazi-German Invasion of Poland in 1939, the Battle of France in 1940 and the Invastion of Russia from 1941 to 1945 and married the daughter of a Nazi-General.

After the war, von Hase joined a diplomatic school in the Federal Republic of Germany and started a blitz-career in German politics. From 1962 to 1967 – including the time of the above meeting in Brussels – von Hase was head of the press office of the German government and responsible for its public relations and propaganda.

Only 19 years after the IG Farben/Nazi-coalition had caused the death of 60 million people and destroyed half of Europe during WWII, they were already at it again. Their third attempt to conquer Europe would not take place in military uniforms but in the grey suits of corporate and political stakeholders of the cartel.

Fri, 02/20/2015 - 09:15 | 5807383 Monetas
Monetas's picture

So, the Jews were out of the loop .... with IG Farben .... so why are they catching all the blame now .... Je suis Juif ?

Fri, 02/20/2015 - 09:35 | 5807468 bait_n_switch
bait_n_switch's picture

Well, it's complicated.  According to Dr. Anthony Sutton, the Rothschilds funded  the Nazis, communism and world wars because that's what they do: foment division and dissent amongst the herd.  In other words, they didn't mind sacrificing Jews to their world dominating Zionest agenda.  Of course, the Rothschilds are just one example  of many elites (non-Jewish) who funded the rise of Nazi Germany.

The bottom line: Judaism is not Zionism

   
Fri, 02/20/2015 - 10:02 | 5807564 Ghordius
Ghordius's picture

"foment division and dissent amongst the herd". If the "herd" is the countries that are in the EU... then it would be possible that "the Rothschilds" would be all for a disintegration of the EU, eh?

Sat, 02/21/2015 - 11:01 | 5811779 bait_n_switch
bait_n_switch's picture

No, the "herd" is the useless eaters and toothless masses who populate the countries that are in the EU and everywhere else, not the elite power brokers who control these masses inside their countries.  However, of course, it's best if even at the power broker level, there is division, for examle, the EU and China, EU and Russia, etc.  That'e one of the reason the U.S. and EU always fund both sides of a conflict. 

 

THe EU is one entitiy, the bigger the better, but it's best if the masses inside the EU are divided so they do not recognize the true source of their misery.

Fri, 02/20/2015 - 09:59 | 5807552 Ghordius
Ghordius's picture

so what is your point? that the EU is a Nazi construct?

the founding members were West Germany, Italy, France, the Netherlands, Belgium and Luxembourg. all of them Nazis?

you could as well argue that the EU is the Holy Roman Empire reborn, or Napoleon's empire reborn. and yet you are disregarding the little details, aren't you?

for example that it's a voluntary association. a trade alliance. and a response to globalization by the forces of "free trade"

Fri, 02/20/2015 - 11:21 | 5807857 Teknopagan
Teknopagan's picture

Of the 150 or so commercial banks in Berlin in 1932, only one was controlled by Germans.

Fri, 02/20/2015 - 08:58 | 5807326 Peter Pan
Peter Pan's picture

We are in crazy times but I believe that any move towards Russia/China might look good for putting pressure on the west but I somehow doubt that Russia and China will be filling Greek coffers so that Greece can continue to run a bloated bureaucracy and bloated parliament.

Then again, they might throw enough cash to get a foothold in Greece and take it from there.

The worst part for Greece is that they might be replacing a master with a two headed tyrant.

It's like trying to ice skate on lava at the moment so good luck to those who are trying.

Fri, 02/20/2015 - 09:01 | 5807335 Catalonia
Catalonia's picture

Maybe they will bail-out Greece AFTER they default

Fri, 02/20/2015 - 09:00 | 5807331 tsuki
tsuki's picture

In other German news, Kiev cuts off Russian gas supply to the Donbass. 

Since Kiev gets it gas, electricity and coal from Russia, that should end well.

http://deutsche-wirtschafts-nachrichten.de/

Fri, 02/20/2015 - 09:05 | 5807344 winchester
winchester's picture

in the meantime....

 

 

- anyone got news about ebola ?

- ..........................................fly noize.......................................

Fri, 02/20/2015 - 09:14 | 5807380 GetZeeGold
GetZeeGold's picture

 

 

Has anyone heard from Flounder? I'm worried sick!

Fri, 02/20/2015 - 09:18 | 5807394 Peter Pan
Peter Pan's picture

Yes, I have a little bit of news for those that care.

In Sierra Leone, ebola might actually be coming to its grizzly end by about June on the current trajectory. The humanitarian crisis however is just starting with the thousands of children that have been orphaned as a result of this disease.

 

Fri, 02/20/2015 - 09:07 | 5807349 forwardho
forwardho's picture

It's a major typo.

S/Be MINE! MINE! MINE MINE!

Fri, 02/20/2015 - 09:08 | 5807352 Monetas
Monetas's picture

5 nines .... is a pretty good score .... on the balance beam .... WTF .... Jerome Dieselbloom ?

Fri, 02/20/2015 - 09:12 | 5807367 R19
R19's picture

Whoever in the fuck is on the bid at EURUSD 1.1300, I hope you HAVE A LOT MORE ROUNDS TO THROW DOWN RANGE. Great job so far HA.

Fri, 02/20/2015 - 09:16 | 5807386 SillySalesmanQu...
SillySalesmanQuestion's picture

Enough of nein...just say it's kaput and get it over with.

Fri, 02/20/2015 - 09:16 | 5807388 yogibear
yogibear's picture

Germany will buckle again.

The French and the rest of the Eurocrats will want to save the Euro and buckle into the demands.

Fri, 02/20/2015 - 09:30 | 5807443 Ghordius
Ghordius's picture

careful with that word, "Eurocrats". Tsipras is an EuroCrat, now. Varoufakis is an EuroCrat, now

both appointed by the elected Greek Parliament. and I doubt the Syriza Members of Parliaments were elected in order to trash the EUR, btw, only to better the terms

Fri, 02/20/2015 - 10:41 | 5807706 smacker
smacker's picture

You don't like "Eurocrats"?  Try "Brussel Sprouts".

Do NOT follow this link or you will be banned from the site!