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"The Mood Is Tipping" - German Economic Pessimism Surges Following Refugee Influx

Tyler Durden's picture




 

In one of the most comical expressions of failed Keynesian logic, two months ago, Deutsche Bank boosted its German GDP forecasts as a result of the "surge in immigration" - because no crisis can be wasted, the record influx of Syrian (and ISIS?) refugees...

... was to be immediately spun as being for the greater good. This is what DB predicted would happen:

"Although the external and the financial environment have deteriorated we have lifted our 2016 GDP call," Deutsche Bank said. "Drivers are stronger real consumption growth due to lower oil prices/stronger EUR and the surge in immigration," analysts wrote, adding they expected the boost in consumption to be evenly split between private and public.

Ironically, DB may have been spot on: perhaps the bank with the $50 trillion in derivatives was anticipating soaring weapon sales to boost consumption (and thus GDP) because as we reported last Monday. "Germans Scramble To Buy Weapons Amid Nationwide Spike In Migrant-Driven Crime." It is unclear if said migrant-driven crime is also a boost to GDP: perhaps if it involves a whole lot of broken windows to keep up with the idiocy that is Keynesian circular logic.

However, while one can spin economic "data" any way one wants (after all, economists claim with a straight face that both abnormally cold and overly warm winters are both bad for GDP, and double seasonal adjustments "confirm" they are right), the ultimate purpose of improving data -whether real or fabricated - is to boost consumer confidence and thus increase spending and increase the velocity of money.

Sadly, for Germany, this is precisely what is not happening. According to Deutsche Welle, a new survey has revealed that most Germans believe the influx of refugees will not provide an economic boost, in fact quite the opposite.

Judging by the poll's results, either nobody read DB's "incisive" report on the refugee crisis boosting Germany's economy, or nobody believes it: only 16 percent of those surveyed agreed with the statement "the influx of refugees will result in more economic opportunities than problems for us," according to the survey conducted by the Ipsos Institute on behalf of the Hamburg researcher Horst Opaschowski.

Among the other findings, the percentage of Germans who believe "Germany will gain recognition in the world by accepting so many refugees" was only slightly higher at 20 percent.

The worst news for Merkel is that a majority of Germans - 56 percent - believe the country is not up to the challenge of dealing with the influx. In small towns of less than 5,000 people, this figure rose to 66 percent.

Amid the sharp spike in refugees in Europe in 2015, German policy is crafted on Chancellor Angela Merkel's "we can manage" approach.

Statistics from the German Office for Migration and Refugees (BAMF) indicate that through November 2015, Germany had seen more than double the number of refugees of last year. The figures also show that a third of all asylum seekers in Germany came from Syria in 2015.

The findings on German sentiment on the refugee crisis come after another survey released last week showed that some 50 percent of those surveyed were looking at the coming year "with great skepticism and mixed feelings." Only 27 percent had said this ahead of 2015.

Similarly, only 18 percent of the 1,000 respondents said that they viewed the coming year "with great confidence and optimism," compared to 45 percent a year ago.

"The mood's tipping. The German angst is coming back," researcher Horst Opaschowski concluded.

And if there is one thing Europe has learned to be concerned about, it is returning German "angst", especially when accompanied by massive population displacement.

 

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Mon, 12/28/2015 - 14:46 | 6971165 Looney
Looney's picture

<<< Schadenfreude is a virtue

<<< Schadenfreude is a sin

Looney  ;-)

Mon, 12/28/2015 - 14:53 | 6971188 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

You gots to pay...

for the FSA... 

Enjoy!

(I got a Jesse Jackson endorsed rhyme-o-matic for Christmas)

Mon, 12/28/2015 - 15:17 | 6971320 chubbar
chubbar's picture

A million poor immigrants show up with nothing but the clothes on their backs and you have the temerity to suggest that they may not boost economic activity? What kind of nonsense is this???/s

Mon, 12/28/2015 - 15:50 | 6971415 Infinite QE
Infinite QE's picture

I'd say send the bill for all their expenses to whomever is paying for their new cell phone and travel expenses (Soros).

Mon, 12/28/2015 - 16:24 | 6971465 NidStyles
NidStyles's picture

Seems to me that this was all just a set up to "display" European racism to guilt us into obeying the tribe, because we all know, we'd all be "welcome" in their countries. 

 

We'd be welcome so long as we converted, shunned our past values and obeyed their edicts. 

 

 

The good news is that Europeans are finally starting to listen, even here in the US. I think they are getting the picture finally, that it's slavery no matter which of these groups you allow into your lands. Expel the invaders and be done with this thousand year long invasion. 

Mon, 12/28/2015 - 17:01 | 6971684 Bazza McKenzie
Bazza McKenzie's picture

You forgot the bit about them not wanting to work and having no skills relevant to a western economy.

Mon, 12/28/2015 - 18:27 | 6972007 August
August's picture

Just doin' the jobs that Germans, or Poles, or Turks, won't do.

Mon, 12/28/2015 - 16:41 | 6971600 stant
stant's picture

Freeshitzgreig

Mon, 12/28/2015 - 15:54 | 6971430 Salzburg1756
Salzburg1756's picture

The Jews won the war; they started it and they won it. Europeans and their descendants everywhere lost it.

“However, here is what a Frenchman cannot avoid asking himself. The Jews are originally foreigners, who were initially allowed into our country warily, then in an increasingly large number as some of them obtained influence. In spite of this hospitality which was granted to them, they did not abstain from taking part in the political discussions of our country: and when it was a question of knowing if we would transform the invasion of Czechoslovakia or the war in Poland into an European war, they did not hesitate (it is they who currently affirm this to us) to fight any spirit of conciliation, that is, to involve our country in a disastrous but desirable war, because it was directed against an enemy of their race. We have ceased today being a great nation, we have perhaps even ceased actually being an independent nation, because [189] their wealth and their influence have made their point of view prevail over that of the French who are attached to the conservation of their land and who wanted to maintain peace. We found them then opposed to all reasonable measures which could have preserved our lives and our goods, and at the same time their own lives and their own goods. And, later still, we found them at the head of the persecution and calumny against those of our comrades who had wanted to protect from the rigors of the occupation this country where we have lived longer than they, where our parents have lived, and which the men of our race had made a great country. They say today that they are the true husbands of this land which their parents did not know, and that they understand better than we the wisdom and the mission of this country of which some of them can hardly speak the language: they divided us, they claimed the blood of the best and the purest among us, and they rejoiced and they are rejoicing at our deaths. This war that they wanted, they gave us the right to say that it was their war [190] and not ours. They paid for it the price which one pays for all wars. We have the right not to count their deaths with our deaths.

In spite of the silence imposed on our intellectuals, this effort to pose the Jewish question in concrete terms cannot be eluded. It need not at all be accompanied by anti-Semitism and, for my part, I am not anti-Semitic: I wish on the contrary that the Jewish people find somewhere the fatherland which will enable them to group themselves together. But it seems obvious to me that if I were a refugee in Argentina, I would not concern myself with the internal affairs of Argentina, even if I had obtained the nationality of that country. I would not demand that the Argentinians become the avengers of the persecuted French; I especially would not ask that Argentinians be condemned to death or be imprisoned because they were indifferent to the fate of the French refugees in their land. Why should we feel obliged to avenge and lament in the name of a compatriotism that the law forces us to confess, but which does not touch our hearts? Fraternities [191] are not manufactured. A Jew is for me a man like another, but he is only a man like another; I find it sad that he is massacred and that he is persecuted, but my feeling does not suddenly change, my blood does not suddenly solidify if it is added that he lives in Bordeaux. I do not feel obliged to take up particularly the defense of the Jews, no more than that of the Slavs or that of the Japanese: I would like very much that one cease massacring without reason the Jews, the Slavs and the Japanese, and also the Madagascans, the Indochinese or the Germans of the Sudetenland. That is all. I feel nothing special for the Jews who live in France and I do not see why I should. Moreover, the attitude taken by the majority of the Jews with regard to the purification underscored these divergences of sensitivity which an act of naturalization does not make disappear. Many French were ready in 1944, without partisanship, to feel vividly the inhuman treatment which had been inflicted on the Jews; but today other sufferings, other injustices, much more pressing, have drawn our [192] indignation and even our pity. It is the Jews themselves who organized a switching of victims, a switching of injustice. Let them not accuse us of having no heart: we think first of our own, it is they who wanted it so. The purification left in our country bloody scars which will never be forgotten. I would still do, if I had to do it again, what I did during the occupation for the resistants and even for Jews, but I would do it today as Don Juan gives to poor: “for the love of God,” and with immense disdain. For it is, indeed, only in the name of this love of God and because they were saved like us by Christ, that we can share today in the sufferings of the Jews. Their reaction to the demands of loyalty, honor and the defense of our land was not the same as ours; this solidarity that we had the right to expect, even in times of ideological war, from co-participants in our nationality, we did not obtain from them; today we can have in regard to them only the impression of a separation, of an incapacity to [193] think of unison, of a failure of assimilation.

Maurice Bardèche, Nuremberg or the Promised Land

http://www.lulu.com/shop/search.ep?keyWords=Nuremberg+of+the+Promised+Land&type=

http://www.theoccidentalobserver.net/2013/07/maurice-bardeches-vision-of-the-future-part-1/

http://www.theoccidentalobserver.net/2013/07/maurice-bardeches-vision-of-the-future-excerpts-from-nuremberg-or-the-promised-land/

Mon, 12/28/2015 - 16:04 | 6971470 NidStyles
NidStyles's picture

Funny how they always tell us they won, but they are still living off our labor. 

 

That should be a clue to any self-respecting European. They didn't win, we turned them into welfare queens and that means we control their lives. We own them. We can cut them off whenever we want. 

Mon, 12/28/2015 - 16:11 | 6971489 LordBuckFast
LordBuckFast's picture

I used to wonder why Jews were universally hated. Now I wonder why I thought that!

http://beforeitsnews.com/conspiracy-theories/2015/12/as-events-spiral-ou...

 

 

Mon, 12/28/2015 - 15:57 | 6971442 holmes
holmes's picture

"we can manage" What a great campaign slogan. Doesn't that just make you feel great about your country. Germany needs a Donald Trump even more than America does. Merkel should be hung from the nearest tree for the way she is destroying her country.

Mon, 12/28/2015 - 16:05 | 6971473 NidStyles
NidStyles's picture

It's not her country, she's a Jew. 

Mon, 12/28/2015 - 14:49 | 6971184 duo
duo's picture

This certainly can't be helping tourism.

Mon, 12/28/2015 - 15:53 | 6971424 froze25
froze25's picture

It might in the short run. I can see the advertisements for Travel and Tourism now. "See Germany while it still looks like Germany with real Germans. Act now while you still can!"

Mon, 12/28/2015 - 15:58 | 6971447 holmes
holmes's picture

Too late. There are too many of them there already.

Mon, 12/28/2015 - 14:49 | 6971185 Infinite QE
Infinite QE's picture

Germans need to send the polish jew nwo bolshevik witch Merklel packing. Side with Putin, get the soviet-era records opened to prove the holohoax never happened, fire up the SS and a few thousand Panzer tanks and storm towards tel aviv to get reparations for the real holocoaust that happened against the German people.

Mon, 12/28/2015 - 15:59 | 6971451 BarkingCat
BarkingCat's picture

There is no such thing as a Polish Jew. If she is a Jew and her family was from Poland then originally they got to Poland from Germany.
That however does not make her a German Jew, because they migrated there from some place else. It only makes her a Jew.

Oh, and the Holocaust did happen. Those Soviet records are not sealed and never were. Ask anyone educated behind the Iron Curtain and they will confirm it.

Mon, 12/28/2015 - 14:50 | 6971196 KnuckleDragger-X
KnuckleDragger-X's picture

Germany assumes that if you put rancid shit in one end of the machine, you'll get silk purses out of the other end. It's just too bad they don't read their own philosophers......

Mon, 12/28/2015 - 14:52 | 6971202 Dr. Engali
Dr. Engali's picture

Every western "leader" should be hanging from a lampost for the role they played in the destruction of the western culture. Instead for some strange reason people continue to let the traitors fuck them in the ass.

Mon, 12/28/2015 - 15:00 | 6971235 aliki
aliki's picture

yep dr. engali. we have somewhere between 60,000-70,000 homeless veterans here in the U.S. yet the obama administration somehow, somewhere is "finding" the $$$ to bring these people in, house them, feed them, put clothes on their back, and get them "on their feet" (ie. helping assimilate them into the EMPLOYMENT culture).  beyond ridiculous & sad.

Mon, 12/28/2015 - 15:06 | 6971255 Infinite QE
Infinite QE's picture

Let alone the tens of thousands of central american and mexican prisoners that have been bused or flown into small towns across america. Waiting for the new bolshevik orders to slaughter, all the while living off the us taxpayer tit.

Mon, 12/28/2015 - 15:26 | 6971343 samjam7
samjam7's picture

You are frogetting a small detail here: It was the US fuding a 'war on drugs' and civil wars in Central America that ravaged these countries supporting various regimes in the 70s and 80s. So yes, as usual, you may put the blame on Washington and not on small scale banana farmers from Honduras or Nicaragua who happen to watch Hollywood propganda which tells them how great life is in California!

Mon, 12/28/2015 - 16:13 | 6971502 darteaus
darteaus's picture

Remember: Blame America First!

Mon, 12/28/2015 - 16:34 | 6971568 samjam7
samjam7's picture

Blame DC and rightly so!

Mon, 12/28/2015 - 16:52 | 6971648 darteaus
darteaus's picture

DC - District of Corruption: a work-free drug place!

Mon, 12/28/2015 - 18:42 | 6972049 August
August's picture

Blame the Anglo-Saxons - kicking butt worldwide since A.D. 447.

Mon, 12/28/2015 - 19:00 | 6972103 Lucky Leprachaun
Lucky Leprachaun's picture

Yeah, all of these countries would be like Switzerland were it not for the war on drugs.

Mon, 12/28/2015 - 14:54 | 6971213 yrad
yrad's picture

They need a flamboyant outsider to come in and promise a final solution to this problem.

...wait.

Mon, 12/28/2015 - 14:58 | 6971221 yogibear
yogibear's picture

A real effort by the libtard globalist to distroy the western culture we have had for generations.

Liberalism is a mental disorder.

These same libtards promote imigration of people that will thrown them off the roof tops head first.

One must conclude that libtards are suicidal. 

Mon, 12/28/2015 - 15:27 | 6971344 sgorem
sgorem's picture

the globalist agenda; to have the "Global Melting pot". mexicans sleeping with eskimos, new guinea pigmies breeding with moskovites, chinese & japanese holding hands, afghans wedding inner city welfare queens. ONE CURRENCY, NO BORDERS, ONE ARMY, ONE BANK, ONE GOVERNMENT, NO HERITAGE, NO HISTORY, NO WORRY.....................someone got a different idea of the future for mankind? keep it too yourself..............................

Mon, 12/28/2015 - 14:58 | 6971222 MATA HAIRY
MATA HAIRY's picture

anyone who has done his homework would know that corp/gov/media wants more immigration in order to increase growth.... it is all about keeping that economic ponzi scheme going....Unfortunately, not much homework gets done by the politically aware american--once that conservative/liberal propaganda takes root in one's mind, real learning pretty much ceases.

Mon, 12/28/2015 - 15:02 | 6971242 lolmao500
lolmao500's picture

Several intelligence agencies say that there's a credible threat of coordinated sarin attack on New years eve by ISIS... Just to be sure, avoid large gatherings on that day...

Mon, 12/28/2015 - 15:07 | 6971261 Dr. Engali
Dr. Engali's picture

Several intelligence agencies say that there's a credible threat of coordinated false flag attack on New years eve by CIA-ISIS

 

 

There, fixed that for ya.

Mon, 12/28/2015 - 15:24 | 6971337 walküre
walküre's picture

Generally the rule should be to avoid any large gatherings or crowds and stick with the real Krauts.

Many Gaza Strips and No-Go areas all across Europe now.

Mon, 12/28/2015 - 15:36 | 6971371 CheapBastard
CheapBastard's picture

Several agencies say there's a credible threat the Agrabhainians will invade on New Year's Day!

Mon, 12/28/2015 - 15:29 | 6971350 Sudden Debt
Sudden Debt's picture

Are you kidding me?

With "warnings" like that, it's exacty then that everybody should go out and enjoy the night.

Grow a pair of balls.

Plenty of Americans who like to mock European but when we get warnings like that we say "FUCK THAT, I'M GOING OUT!"

Don't tell me you're scared about everything in this world that isn't wrapped in cotton balls.

Mon, 12/28/2015 - 15:58 | 6971449 froze25
froze25's picture

Everyone that was going to go out will still go out. As most Americans realize that at least something is fishy about 9-11 with building 7 coming down for no good reason (it was a controlled demolition). The TSA failing 95% of internal tests yet no terror attacks on Airplanes most >50% are starting to wake up and no longer be in the constant state of fear being pushed on us daily.

Mon, 12/28/2015 - 16:11 | 6971491 darteaus
darteaus's picture

Go out, and pack heat.

Mon, 12/28/2015 - 17:55 | 6971908 lolmao500
lolmao500's picture

Go out and pack a gas mask

Tue, 12/29/2015 - 02:09 | 6973185 I reckon so
I reckon so's picture

to "lolmao500"

go fuc yourself

If anything does happen, it's a false flag.  Your handler is gonna send you back for more training, 'cause you flunked on this outing.

Mon, 12/28/2015 - 15:09 | 6971273 hongdo
hongdo's picture

Is this a NOGO for Wacken 2016?

Mon, 12/28/2015 - 15:19 | 6971327 praxis
praxis's picture

I feel bad for the Germans.  They've been so poosified after WWII that they let something like this happen.  I dont get it.  I thought, at least, the East Germans were militant about something during the cold war.  WTF?

Mon, 12/28/2015 - 15:28 | 6971349 walküre
walküre's picture

I used to believe this was the case but I understand now that Germans are generally nice and hospitable people who would open their doors to anyone. The dark period with the boots and flabby pants was out of character for Germans.

Germans make stuff, use their noggins to invent or improve something and generally find a reason to give thanks and have a party.

They're politically probably more laid back than most other cultures AND THAT IS THE PROBLEM!

The Islamofuckers don't play nice in the sandbox and are taking advantage of everyone who considers them equal. They're not equal. They're scum.

Mon, 12/28/2015 - 16:00 | 6971450 CheapBastard
CheapBastard's picture

But that muslim father said he only wanted to go to germany for their free dental care:

 

https://s-media-cache-ak0.pinimg.com/236x/73/e5/62/73e5628abb49f539f7f63...

Mon, 12/28/2015 - 16:08 | 6971479 NidStyles
NidStyles's picture

I'm a fan of Hugo Boss. 

Mon, 12/28/2015 - 16:10 | 6971490 BarkingCat
BarkingCat's picture

Try again. Being peaceful and being giant pussies is out of character for them. Who the hell do you think spread Christianity via the blade of a bloody sword and established the Holy Roman Empire?
No, it was not the Romans nor the Italians.

Mon, 12/28/2015 - 16:53 | 6971656 walküre
walküre's picture

Charlemagne or Karl der Grosse?

That is one person of one family who did arguably many great things for Western Europe. He was a reformer.

The German will go to war if family and lands are being threatened but so will every other culture. Germans are not some blood thirsty tribe who kill and plunder for the fun of it.

Muslims don't consider non-muslims equal so why should we them grant them the privilege?

Mon, 12/28/2015 - 17:24 | 6971773 Lucky Leprachaun
Lucky Leprachaun's picture

Don't ever underestimate the psychological damage done by the so-called de-Nazification program. IMO the biochemistry of Germans' brain circuits has actually been altered by the conditioning to the point whereby they're actually incapable of seeing themselves in a positive light.

Mon, 12/28/2015 - 15:29 | 6971353 Omega_Man
Omega_Man's picture

Germany must stop this guilt trip in trying to be 'good'

 

When I was young I thought what happened in Germany in WW2 was absolutley horrible!!! 

Now that I am older and wiser I regret that they didn't succeed with some of the goals. Alas... history has a way of repeating itself, perhaps not in Germany, but elsewhere

Mon, 12/28/2015 - 17:17 | 6971756 Lucky Leprachaun
Lucky Leprachaun's picture

Same here.  All my life I believed the same bullshit story. Until I began to pull at the string and the whole charade came apart like a cheap suit.

Mon, 12/28/2015 - 15:33 | 6971359 Librarian
Librarian's picture

I wish they would poll this same group on their views concerning Ukrainians being automatically granted EU tourist visas.  Now that would be interesting.

On that same vein, it's becoming embarrassing to watch the Ukrainians being strung along worse than a booty-call.

No matter what they were promised, the Ukrainians are not going to be getting automatic visas to wherever they want in the EU.  The day that that ever happened they would need to pay someone to travel back to Ukraine just to turn all the lights out.

The people of the EU have zero additional patience for more refugees, economic immigrants or freeloaders.

Mon, 12/28/2015 - 16:01 | 6971463 froze25
froze25's picture

time for EU people to start spreading news that is being blacked out the old fashioned way using new tech. Write an article one page long, xerox the shit out of it and hand it out on the street. If the papers won't report the rapes and attacks then the people must create new uncontrolled ones.

Mon, 12/28/2015 - 15:36 | 6971373 Sacker of Cities
Sacker of Cities's picture

Sie ist fuk'd!

Mon, 12/28/2015 - 15:42 | 6971390 The Spanish Amb...
The Spanish Ambassador's picture

and they shall cast pearls before swine.

Mon, 12/28/2015 - 15:57 | 6971441 smacker
smacker's picture

I sometimes think that Mutti might end up suffering the same fate as Dilma Rousseff in Brazil. As each day passes she slips further into a mire of her own making.

Both are screwing their own country's economy, society and citizens. Unrest is spreading across Brazil with a lot of people demanding her Impeachment and many others demanding a return to military rule.

Mon, 12/28/2015 - 16:00 | 6971458 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

So I guess when they were invaded by the Khazars (pre world wars), economic 'pessimism' was at an all time low?

Mon, 12/28/2015 - 17:15 | 6971745 Lucky Leprachaun
Lucky Leprachaun's picture

At an all-time high for the Khazars!

Mon, 12/28/2015 - 16:03 | 6971468 Duc888
Duc888's picture

 

 

 

Is German beer Halal?

...just checkin'

Mon, 12/28/2015 - 16:04 | 6971471 Salzburg1756
Salzburg1756's picture

“Good War . . . Better Peace”

Thomas Goodrich

"And so, with the once mighty German Army now disarmed and enslaved in May, 1945, and with their leaders either dead or awaiting trial for so-called “war crimes,” the old men, women and children who remained in the dismembered Reich found themselves utterly at the mercy of the victors. Unfortunately for these survivors, never in the history of the world was mercy in shorter supply.

Soon after the Allied victory in Europe, the purge of Nazi Party members from government, business, industry, science, education, and all other walks of German life commenced. While a surprising number of Nazis were allowed—even compelled—to man their posts temporarily to enable a smooth transition, all party members, high and low, were sooner or later excised from German daily life. In theory, “de-Nazification” was a simple transplanting of Nazi officials with those of democratic, socialist or communist underpinnings. In practice, the purge became little more than a cloak for an orgy of rape, torture and death.

Because their knowledge of the language and culture was superb, most of the intelligence officers accompanying US and British forces into the Reich were Jewish refugees who had fled Germany in the late 1930s. Although their American and English “aides” were hardly better, the fact that many of these “39ers” became interrogators, examiners and screeners, with old scores to settle, insured that Nazis— or any German, for that matter—would be shown no mercy. . . ."

http://www.theoccidentalobserver.net/2015/04/good-war-better-peace/

Mon, 12/28/2015 - 17:15 | 6971742 Lucky Leprachaun
Lucky Leprachaun's picture

The irony of that time is that the real genocide victims were those accused of genocide.

Mon, 12/28/2015 - 17:49 | 6971883 BarkingCat
BarkingCat's picture

Thomas Goodrich should learn the difference between insure and ensure.

Mon, 12/28/2015 - 16:07 | 6971478 Duc888
Duc888's picture

 

 

 

Maybe I am naive... but exactly what the fuck was wrong with Europe BEFORE the Europeon union?  Really?

Was the biggest deal just the wacky currency exchange?  I mean... it was one big honkin' dysfunctional family but everyone kinda ran their own program...it mostly worked in it's own weird way.  Now, not so much.

Now.... to quote Tommy Chong...

"You're all fucked".

Mon, 12/28/2015 - 17:04 | 6971696 smacker
smacker's picture

"[...] exactly what the fuck was wrong with Europe BEFORE the Europeon union?"

Nothing. The idea of a European Union emerged after WWII to help ensure that Europe would never again go to war with itself. Whatever its merits, by the time it got off the ground and began to coagulate, European relations were already recovering and inter-country trade was increasing. This natural development mitigated against the need for a Union. But the idea was hijacked by political grandees with grand ambitions and this expanded and morphed into what we have today.

There is no need for a European Union and the irony is that Europe is probably closer to war with itself precisely because of the EU and its bizarre rules and regulations coulped to excessive power in the hands of unelected crats.

 

Mon, 12/28/2015 - 17:10 | 6971725 Lucky Leprachaun
Lucky Leprachaun's picture

" The idea of a European Union emerged after WWII to help ensure that Europe would never again go to war with itself."

IMO that was just an excuse. The real purpose was to make the EU a key building block of the NWO world government.

Mon, 12/28/2015 - 18:26 | 6972000 smacker
Mon, 12/28/2015 - 16:09 | 6971481 darteaus
darteaus's picture

What should the German economic outlook be doing, surging high?

Mon, 12/28/2015 - 16:10 | 6971488 Bemused Observer
Bemused Observer's picture

The idea that these folks actually thought that inviting tens of thousands of 'refugees' to the country was going to boost GDP is pretty unbelievable.

Refugees tend to be poor, with few assets...(that's why they are refugees and not just immigrants). They will need help, they certainly will not be financial self-starters...how was this supposed to help boost GDP? With WHAT? With the money you are going to spend on them?

I have a feeling that some of these 'leaders' are going to have a bad end...maybe torn apart by their own people. In any case, Europe will be at war within a decade. Probably with itself.

Mon, 12/28/2015 - 16:37 | 6971581 Duc888
Duc888's picture

 

 

Bemused Observer : "The idea that these folks actually thought that inviting tens of thousands of 'refugees' to the country was going to boost GDP is pretty unbelievable."

 

Well, our "leaders" are doing the same thing...  HAT TIP to the ZH poster who posted this yesterday... I forget his name...

WATCH the WHOLE THING!

https://www.youtube.com/watch?v=4u1J6EEhkyM

 

...might as well pack up your shit and hop on a 30 FT sloop and just free wheel for the rest of your life...

 


Mon, 12/28/2015 - 17:15 | 6971743 Typing Typer
Typing Typer's picture

I'm of the opinion that Europeans have become far too wimpy to ever engage in war activities again. More likely they will just fade away into cultural irrelevance, whining about why America doesn't come and save them.

Mon, 12/28/2015 - 17:54 | 6971902 BarkingCat
BarkingCat's picture

Another delusional American thinking that they have saved Europe or that Europe needs outside help.
It outside help that is a major contributor to European problems.
Help is just another word for interference.

Mon, 12/28/2015 - 19:24 | 6972189 Savyindallas
Savyindallas's picture

Refuggees boosting GDP?  a lot of them are al quada/Isis CIA assets. They likely have millions in CIA cash in their pockets- certainly that wil boost german GDP. 

Mon, 12/28/2015 - 20:55 | 6972466 adjudged
adjudged's picture

Had you gotten your PhD in Economics from an Ivy League school instead of simply working to take care of your responsibilities, you would know that it is an example of "increased aggregate demand", just the thing Krugman and the rest of them yearn for.  It is also known as broken windows and is similar to helicopter money and zero interest rates.  

Got it?

Mon, 12/28/2015 - 17:00 | 6971678 Heavenlysunshine
Heavenlysunshine's picture

Deutschland, Deutschland oh wie Schade !   The holohoax reparations were never enough. You will remain the ashkeNazi Pruegelknabe (whipping boy).

Mon, 12/28/2015 - 17:21 | 6971768 IndyPat
IndyPat's picture

Gotta love a bunch of pissed off Germans.

Looks like they are getting the band back together. Should have Merkle hung and most of Europe trounced by next week.

Just skip the Eastern tour this time, Jerry.

Mon, 12/28/2015 - 18:26 | 6972002 Heavenlysunshine
Heavenlysunshine's picture

Tear down those walls, (separation fences) Bibi, be a Mensch !

 

 

 

 

 

Mon, 12/28/2015 - 20:20 | 6972375 DillonMcGiffin
DillonMcGiffin's picture

It's actually every white nation. Google "white genocide". Lots of people think they are doing this all on purpose. It's not just Germany/America.

Mon, 12/28/2015 - 20:44 | 6972448 nicxios
nicxios's picture

Fuck Germany. Miserable fucks with feces fetishes. Let the Muslims finish them off.

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