Bundesbank: "Mein Entschluss: Anschluss-Plus" - Germany Reveals The European Annexation Blueprints

Tyler Durden's picture

We were wondering how long it would be before Germany, following in the footsteps of such luminaries as Hank Paulson and Tim Geithner, would formally announce to the world that with it now openly calling the shots in Europe, it would be its way or the mutual assured destruction way. We just got our answer courtesy of the just released August Outlook from the Bundesbank, in which the German national bank lays out the framework of the upcoming European anschluss play by play, as Germany prepares to roll out the Fourth Reich welcome mat without ever spilling a drop of blood. After all: why injure the soon to be millions of debt slaves? To wit from the report: "Unless and until a fundamental change of regime occurs involving an extensive surrender of national fiscal sovereignty, it is imperative that the no bail-out rule that is still enshrined in the treaties and the associated disciplining function of the capital markets be strengthened, and not fatally weakened." Translation: "we will gladly help everyone out... in exchange for a little of that vastly overrated fiscal sovereignty... Did we say a little? We meant all of it..."

Here are the salient points from the just released Bundesbank manifesto of Mutual Assured Anschluss or else:

Overall, there is a risk that the originally agreed institutional framework of the monetary union will increasingly become eroded.

As noted, there is but one proposed solution:

Unless and until a fundamental change of regime occurs involving an extensive surrender of national fiscal sovereignty, it is imperative that the no bail-out rule that is still enshrined in the treaties and the associated disciplining function of the capital markets be strengthened, and not fatally weakened.

You want your stupid brilliant monetary union? Fine.

You want us to pay for it? Sure.

The cost? Your "extensive" national independence.

Full passage:

The recent resolutions transfer sizeable additional risks to the countries providing assistance and their taxpayers, and go a long way towards communitising risks caused by unsound public finances and misguided macroeconomic policies in individual euro-area countries. This weakens the foundations of monetary union, which is based on the principles of national fiscal responsibility and the disciplining effect of capital markets, without noticeably increasing the influence and control over individual national fiscal policies as a quid pro quo. Overall, there is a risk that the originally agreed institutional framework of the monetary union will increasingly become eroded. While fiscal policy will continue to be determined by democratically elected parliaments at national level, the resultant risks and burdens will increasingly be borne by the Community in general and the financially sound countries in particular, without this being offset by any concrete powers to intervene in the sovereignty of national fiscal policies. No comprehensive change in the European treaties is currently envisaged that would democratically empower a central entity to exert some control over national budgetary policies. This means there is a danger that the euro-area countries’ propensity to incur debt may increase even further, and the euro area’s single monetary policy will be increasingly susceptible to the temptation to adopt an accommodating stance. Unless and until a fundamental change of regime occurs involving an extensive surrender of national fiscal sovereignty, it is imperative that the no bail-out rule that is still enshrined in the treaties and the associated disciplining function of the capital markets be strengthened, and not fatally weakened.

h/t Geoffrey Batt

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caerus's picture

"extensive surrender of national fiscal sovereignty" wow...

trav7777's picture

yeah, they just came right out and said it...

Crisismode's picture








He_Who Carried The Sun's picture

Stop cryin' bitcheez, 'cause:

...am deutschen Wesen

wird die Welt genesen!



Rynak's picture



But seriously..... those banks represent "germany"? Just as current types of "democracy" do not represent the population, the banks that control said "democracy" do not represent the population. No one here likes inflation. If it were about me, kill those parasites.

eureka's picture

Nah, it's more like Germany is the Tea Party of Europe - teaching everybody to save rather than spend - and better than the Tea Party in the sense that Germany produces rather than speculates, and, isn't pro military empire, i.e. has s symetrical philosophy.

I say let Germany run U.S. as well. Ah, what the hell - run the whole world.

Non-Speculative - Productive - Tea Party Austerity Uber Alles, Bitchez.

Ahmeexnal's picture

Wrong. Germany wants the PIIGS to impose austerity measures on their populace: lower wages, no benefits.

BUT...Germany wants the PIIGS to keep SPENDING ON JUNK GERMAN IMPORTS like it's 1999!

You can't have your cake and eat it too, can you?

Great Dane's picture

I have never seen this 'Made In Germany 'junk", as you put it.  hmmm...BMW,Porsche,Mercedes,Volkswagon,Siemens,etc.....?

malek's picture

Well SOMEONE has to pay the German pensions, right? The diminishing German working-age population cannot shoulder that...

dugorama's picture

have you confused Germany and China?  "junk German imports" .  junk?  like their best-in-the-world machine tools?  or a BMW M3?  yes, I'll take more German junk

Ahmeexnal's picture

Dr. Vannevar Bush was correct in pointing out that Operation Paperclip would bring the downfall of democracy in the US.

The germans have robbed the PIIGS of their future.  It only takes one brave soul to stand up against the sauronite Imperio Tedesco.

schadenfreude's picture

You should differentiate your statment. It was not the Germans, that robbed the PIIGS, but the corporations which are held mostly by anglo-american fianance and the finance elite of the world as well.

As a German taxpayer I worked for the PIIGS living beyond their means on debit, which will never be paid back.....THANKS for working for nothing!

Zeilschip's picture

Stahlhelme und panzerfauste bitchez!

Crack-up Boom's picture

... but what precisely does that mean? 

dugorama's picture

from google translate: the German character will heal the world!

slaughterer's picture

Looks like Jim O'Neill got his answer from the Bundesbank.  Would not be surprised to find out that a few ex-Goldmanites were in on the final formulation of this plan.  Very high-handed rhetoric, a different species of FLUFF.    Problem is, it is impractical, and will lead to much heated debate and no action.  I guarantee the Bundestag in September will have even more brinksmanship and bickering than the US debt ceiling fiasco.  Do not expect calm European markets in September.  Those who are picking up Eurozone CDSs this month are making the right move.

Quintus's picture

I don't think the Germans can make it any clearer that they have no intention of rescuing the Eurozone at the expense of their own economy.  However, they are not willing to be the ones who say it directly.

This statement looks to me very similar to when an insurance company really doesn't want your business, so they just give you a ridiculous quote to make you go away.

The Germans are setting Europe a ridiculous, politically impossible, price for their help, in the hope that Europe will say 'Fuck it - we're not going to pay that'.  

Thus, Germany comes out looking like the good guy who tried to help, but alas! their generous offer was rejected.

A Man without Qualities's picture

You know, the German government was very surprised to learn the extent of the deceit in Greece about debt levels, and the things like the swap trade, which were also done by others.  It is slowly dawning on them that since the beginning of the single currency, many nations have borrowed far more than they promised, or than they admitted, in the expectation Germany will bail them out.  The poor Germans seem to lack a certain degree of street smarts (which I think comes from killing or expelling all the Jews, but that's another issue).  For example, the UK said we are staying out of it because half of you are a bunch of liars, but the Germans just believed the Italians and the Portuguese and the Greeks and are only now waking up the fact they have been played.  The whole Eurobond farce is an attempt to continue the charade (can I just borrow your credit card, please?  I promise I'll be more sensible this time.)

You make the point very well - Germany cannot simply say no, but it needs to give harsh enough terms that they have no choice but to reject it.  

Mec-sick-o's picture

I'm grateful you are not at German government.

Thorlyx's picture

The german Godafther: He made an offer the other could not accept.

eureka's picture

For all my fellow zerohedge commentators:

You all have good points. However, you must remember that no European wants to go back to pre-EU.

Jim Rickards is long EUR, because he understands that EU integration/EU bondsEU/etc - is reality.

malek's picture

Please explain to me why pre-Euro would inevitably also mean pre-EU

eureka's picture

Because all human institutions and businesses must grow in order to stay competitive - i.e. the EUR and the continued expanded integration of EU member countries, including sticter EU rules for sovereign fiscal discipline and Euro bonds etc - are all logical extensions of the founding purposes of EU: ever increasing integration to preclude future European national wars - and, the secondary emerging purpose: to act as a counter to U.S. uni-polar hegemony.

The only REAL obstacle to continued EU integration is US & UK - The USUKs (my term).

USUK laissez faire bankster bail out imperial capitalism - the to date primary tool of globalist financialist elite - rigged the PIIGS to fail in order to extract their equity - i.e. gold and sovereign real assets.

EU will march on - and USUKs will crumble. Watch closely next nine months.

For a perspective in support of my analysis check Jim Rickards' latest interview on MaxKeiser.com.

malek's picture

Both your mentioned "founding purposes" are phony - and I hope you know that.

- preclude future European national wars:
The main thing nowadays inhibiting the re-occurrence of wars in Europe is still the memory of WW2. As former Yugoslavia showed us, national wars between small sovereigns can easily be replaced by civil wars within a large sovereign. Forcing fringe regions to stay in line with central planned strategy or even in debt serfdom to the stronger center, without having the freedom to pursue any different route, over time increases discontent and lays the seeds for conflict.

- a counter to U.S. uni-polar hegemony:
In the end this is merely a wishful-thinking theoretical construct, as long as an agreed upon EU central military command doesn't exist. And I don't see ANY sign that will happen soon - or ever.

eureka's picture

All war is financial. Soviet Union spent itself to death competing with U.S. - however, to day Russia is going up while U.S. is spending itself to death. As I said: pay attention next nine months; U.S. Empire is crashing.

EU doesn't need a lot of military to outcompete U.S. - Eu makes things everyone wants, U.S. doesn't.

End of story.

malek's picture

I'd guess the Euro zone crashes first - but maybe they can still save the EU.
US shortly thereafter.

slewie the pi-rat's picture

hopefully, he is also smart enuf to sell Euroz for phyzzZZZZ

added leverage, 0'course

one non-counterparty asset v ALL the styoooopid fuking currencies, no matter which jim.riki.com wishes to "hype" today...

... for the very best of "reasons and intentions", like helping his clones make "money"

hey!  sell your USDz for Euroz! they are politically  1)correct? 2) fuked?  3) trapped, but only temporarily, since they are about to "evolve"?  4) ???????

slewie would, pick 1, 2, and 4

wtf?  or is he "doing the diversifukation dance" b/c gold is "dangerously overpriced here"?  i don't "follow" him and tyvm for not providing a link

ps:  you have v good posts and i'm not kidding

TheEmperor's picture

It is unavoidable, it is EURO destiny!

ZeroPower's picture

it is imperative that the no bail-out rule that is still enshrined in the treaties and the associated disciplining function of the capital markets be strengthened

Enshrined, but not followed apparently..

So Close's picture

If I control the money I care not who makes the laws.

lolmao500's picture

Well of course. Taking over Europe financially and politically was Hitler's idea in case they lost the war...  European Union was the nazis's idea.


Confused's picture

I might remind you that there is the largest population of US citizens outside of the US currently residing in military facilities on German soil.

Its all an empire by the rich. To think otherwise is foolish.


Oh regional Indian's picture

You are clearly NOT Confused! 

Vivek (ORI)

Confused's picture

Thanks for the link. I will certainly read it.


And if you don't believe me, I would suggest a road trip through Germany. It might open your eyes. Hard to be soverign when the world police are in your back yard.

IBelieveInMagic's picture

Guess this helps you disassociate from the horrors -- it's them!

Have you ever stopped to wonder how we enjoy this cushy lifestyle?

Village Smithy's picture

I guess they have had enough of waking up in the morning to the smell of burning Benz.

CPL's picture

Not one shot was fired and the war was won.

Oh regional Indian's picture

hey CPL, whatever came of your dire, dire warnigns of a couple of weeks ago? Anything? Was it all rumor?


Vivek (ORI)

CPL's picture

You are watching it right now, all the way through to the end of September until the first shot is fired, then it gets weirder.  The next couple of weeks you'll see many of the big players get screwed to fight for scraps at the Central Banks tables.


Only thing I'm not sure of is Libya and who's going to get control.  There are roughly 10-12 tribal groups there, unless someone does some matromonial exchange to unite the tribes, Libya is going to turn into a complete mess fast.

A couple of things that have happened sooner than thought.


1)  China is now fully capable of seizing California with the one of three Aircraft Carriers.  Contrary to the media.  The Chiense have three ships, not one.  No architect or engineer in their right mind would only build one massive weapons platform.  One for production, One for back up and One to test re-fits on.  I understand there is production for a couple more which should match or beat in terms of fire power, technology and crew versus a 30 year old US fleet.

I would go into the China vs the World arguement.  But with dozens of daily news sources discussing a Pacific Theatre, it will happen soon enough.

2) Libya

While the west friendly dicator has been deposed, we are now going to see two fronts in Libya.

Which Muslim tribe is going to run the place.  I know it's not in a white man's nature to understand what a fiefdom is, or the behaviors that go along with it, but that term "fiefdom" is what the political structure on the ground is about.

3) Egypt is about to blow up again.

4)  India is trying its hardest to tamp down on the roughly 210 million people that will starve to death because of poor crop production world wide.  While corn production is up, the corn production is not for human consumption.  human corn which requires.

5)  Venezula pulling it's physical gold.  This was a surprise.  Waiting for a couple more people to pick up whats owed

Ignatius J Reilly's picture

6) Japan.  Radioactive rice. Un-capped nuclear problem.

CPL's picture

Japan is just going to get ignored.  The government will pull a Russian war stance of throwing bodies at the problem until it's buried in the bones of stupid and brave people.


Just like the Gulf is still being ignored.


Problems don't go away.  All that happens is the media goes away then nobody thinks about it.

Ignatius J Reilly's picture

I'd like to hear from Archimedes.  That guy knows his stuff.


I wonder what China will do if they begin to see radiation effect their coasts.

CPL's picture

Wind is blowing the wrong way.  That's why the Pacific Jetstream is carrying the radiation right over the West coast and then catching a ride to the Canuck east coast.

That airburst btw was performed during operation cross roads inthe middle of the pacific ocean btw.



If it makes you feel any better North America is getting a much smaller dose of radioactivity.  It is enough in terms of energy to give a fully grown healthy adult any variety of agressive forms of cancer and kill in weeks.

Anyone trending these news articles?

Prescription drug shortages worsen in Canada

Drug shortages lead to price gouging

Drug shortages set to reach record levels


Drug Shortages


Prescription Drug Shortages Forcing Docs, Pharmacists To Scramble Chemo drug shortage may start impacting patients Doctors alter cancer treatments to accommodate drug scarcity

This was not a trend until recently.  Same production, same demand, same costs in Q1 and Q2...yet Pharmas the last two quarters have been getting hit on profit losses?  Why?  Generics don't eat that much of the market.  What does that leave?


Someone is stockpiling them for long term demand.  Especially the cancer meds.


Here is the google trend.  http://www.google.com/trends?q=drug+shortage

Notice when it starts.

CPL's picture

In a month we'll be selling radioactive food.