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German FinMin Schaeuble Sees "No Contagion" From Grexit, Don't Show Him This Chart
Because all that matters is what some elite says, we are sure the following propaganda from German FinMin Schaeuble will be regurgitated by the mainstream media:
- *SCHAEUBLE SAYS "YOU CAN’T SEE ANY CONTAGION"
However, if one actually looks at the data - European peripheral bond risk premia have soared in the last week as Grexit fears resurge.
Charts: Bloomberg
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C'mon Greece, Default Already! The suspense is killing us... Greece is worse than a high school date where she keeps teasing, but does not deliver.
Who said Greece leaving the EURO was a BAD thing?
https://www.youtube.com/watch?v=t61WjW1ihrc
See no evil, hear no evil, speak no evil, now where have I heard that before?
I don't see Greeks giving up the Euro, there's no need to print up Drachmas, at least not yet. Greece simply tells the lizard queen at the IMF and the weasel at the ECB to fuck off.
Just doubled my person silver holdings today. I figure it was a good time to do so.
"When thisngs get serious you have to lie"
JC Junker
Don't mention the war...
Human arrogance is starting to clash with the laws of Nature and physics...
guess who wins?
As far as trading goes, the energy/military complex has been forced into a painful position because of politics (punish Russia bullshit etc.). The politicians and oligarchs behind this should know better. If you take down the energy complex you can't actually do/build shit. this cannot continue, if it does I expect many more accidents among the political and banking/finance class. So, be optimistic guys.
He's saying that "Greece's problems won't harm world economy" - so smooth with words, is the "world" holding its breath over Greece? Doesn't "the world" know by now the state of the "world economy"?
'sub-prime is well contained'
The long drawn out Euro death.
You know they are lying when their lips are moving! What kind of devient personality does it require to pursue such a job?
Schaeuble - fuckwit.
DavidC
That just means they have some plan to pay off the bad loans of the banks or people that own them...noone will lose money...at least the bankers..that is the new rule....show me your bad loan..and I will print money to cover it...its all good..its just paper...and gold is down again today..go figure
They can paper over the banks' assets, sure, but the contagion is the rise of soveign independence. If they can paper over a grexit, other PIIGs will want their debt papered. If Greece can escape the chains of debt, why not the others. Then it falls apart. What do these countries gain from the Euro anyway? Oh, crippling austerity, that's right.
Just a quick reminder from page one of the EU playbook,
"When it get serious, you have to lie."
J-C Juncker
Seriously? More GREXIT bollocks? C'mon hedgers, don't be led down the garden path of sheepy gullability!
You can't leave the Euro. Period. There is no mechanism to leave! Get over it!
P.S If you default on your USD mortgage, do they stop you from using dollars for other things?
They just stop using it, and default. There, grexited.
PS. A soveign nation state with millions of taxpayers and businesses is not a mortgage. Really?
bond spreads and NIRP don't make good bedfellows.
Human bondage is rampant when eurobonding is verboten.
Who is lying in that bed and not yelling "come n get it up!" ???
When deflation acts hard to dislodge and QE doesn't give its head to hungry inflation rampant under the bedsheet.
Just doubled my person silver holdings today. I figure it was a good time to do so.
Has any country EVER paid back its debt in full? If not, then all government debt is theft/fraud. It's just a matter of how and when the lenders realize that. It looks like lenders of European debt are starting to figure that out. You can't always print your way to solvency and prosperity.....
It's simply political games. Shäuble knows very well that there's a risk of contagion, but he needs to undermine the Greek government's levers. The Greek say that if they fall, others will follow to try and force the EU to lend them money, and the German FinMin simply tries to say the opposite, even though he knows it's untrue.
And every time they say it an evil breeze seems to utter just barely audibly...
Credit-Anstalt
"we are sure the following propaganda from German FinMin Schaeuble"
well said
In a word....riiiiiiiight.