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Did Merkel Just Usher In The Deutsche Mark?
Rather worryingly, Bloomberg is reporting a Handelsblatt report (due tomorrow) that Mrs. Merkel is investigating ways to enable countries to leave the Euro.
Merkel's CDU Seeks to Make Euro Exits Possible (via Bloomberg)
RMBS patents ruled invalidGerman Chancellor Angela Merkel’s Christian Democratic Union party wants to make it possible for European Union members to exit the euro area, Handelsblatt reported in a preview of an article to be published tomorrow, citing unnamed participants in the discussion.
A commission within the party, that is crafting a framework to be presented at a party meeting, has proposed allowing a euro member who doesn’t want to or isn’t able to comply with the common currency rules to leave the euro region without losing membership in the EU, the newspaper said.
Incredible!
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Reichsmark, bitchezz!!!
Hallelujah! And don't worry about German manufacturers. Germans have always outworked everybody else in Europe, and they still will, so they will do just fine.
Thank You for your faith in the values which made Germany great. I hope you are right.
Being a "man on the street" though, I will tell you that those who came after the "post war generation" in Germany, don't share those values.
hmmm...sounds familiar
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Dr. Nancy
I am going to follow you around and haunt you "Doctor".
http://goarticles.com/article/The-Elevation-Group-Investigation-The-Truth-About-Mike-Dillard-Scam/4081853/
Peddle your bullshit to some idiot who doesn't have Google.
There will be only one way to leave the Euro and that involves raising ones knees and ankles in a running like fashion as the main German battle group leaves the Rhine and heads for Rome to loot wht Berlie-sconed and his Mafia buddies leave behind this week.
How much will it take in US Dollars to get a German Mark?
And even more interesting, how many Dead Euros will it take to get a German Mark or US Dollar?
New carry trade anyone?
And will the Mark trade on a exchange here in bullion Gold?
BRAVO!!!
Any chance the Merkozy transition the EU into a two currency union w/o triggering a CDS event?
It's so funny that now, when Italy hits the wall, Sarkozy is willing to consider a dual Eurozone state. He, of course, wants to be in the half with Germany.
These people make me sick.
"...allowing a euro member who doesn’t want to or isn’t able to comply with the common currency rules to leave the euro region without losing membership in the EU, the newspaper said."
This is good news - what DELUSIONAL Amerikans (inlcuding many "enlightened" ZH'ers) FAIL to notice, is the HIGH TRANSACTIONS COST of passing through CUSTOMS all the time, as European nations experienced BEFORE the Euro.
As this article (& snippet) explain, to be a member of the EURO CURRENCY, member states HAD TO COMPLY with CURRENCY RULES. We KNOW that Goddamn-Sachs BRIBED Greek financial authorities (NO LIST OF NAMES since exposure of this INDUCEMENT TO FRAUD, wtf?!!) to FAKE Greek compliance with those rules, ergo, Greece was an ILLEGITIMATE member or the Euro currency from day 1.
In a more general note, I am amazed that ZH doesn't address that the Euro crisis is ALMOST ENTIRELY based on ONE LONG CURRENCY PUMP & DUMP - as George Soros & co. "DUMPED" - "BROKE" the British pound on "Black Wednesday, 16 Sept. 1992. http://en.wikipedia.org/wiki/Black_Wednesday
SINCE "naked shorts in the sea GET EATEN by bigger sharks" Soro's efforts to CORNER and BREAK the British pound sterling, were ALMOST CERTAINLY BACKED by the.... rotchild's London/Euro banking cabal.... who not incidentally own/control both the LBMA & BoE. (If my contention is correct - that the r's were IN SUPPORT of Soros' naked short CURRENCY ATTACK on the pound sterling - that would be SHEER TREACHERY by those ENTRUSTED with SAFEGUARDING the pound & Eng. currency (lbma & boe).
I would also contend that the "BROWN's BOTTOM" 1992-2002 sale, AT MARKET BOTTOM PRICES, of HALF of Britain's ENTIRE GOLD RESERVE, was because evelyn de rotchild tried to DUPLICATE Soros' market (currency) MANIPULATION success: when it (attempt to NAKED SHORT GOLD) BLEW UP in d'r's face, he had to go begging, crying, & extorting to Chancellor (finance minister) gordon brown to DUMP England's gold... or see the LBMA reduced to a global joke.
And over at MK.com they explained how HANK PAULSON - previously a GS CHAIRMAN, then U.S. TREASURY SECRETARY - used a US govt. $1 billion+/- Euro fund which they "DUMPED" on global markets all at once... IF you know in advance this FLOOD is coming, you POSITION YOURSELF IN DOLLARS, BUY Euro denominated stocks, assets, & currency at a STEEP DISCOUNT - and then SELL as the Euro slowly rebounds later, for a double-dip - Viola! you & your associates have just EXTRACTED some fair percentage of value out of EVERY Euro based asset you could get your hands on!
PUMP & DUMP.... rinse, repeat, and DUMP again.... THE ABOVE is the SIMPLE explanation of the Euro crisis, AT EVERY CRISIS, the bankers cut themselves MILLION DOLLAR CHECKS for PRINTING UP ecb money and dishing it our amongst themselves... each time, knowing in advance which way the CURRENCY SURGE is going, they ALSO extract MORE money out of the "open markets".
This is a double or triple-whammy of FINANCIAL SABOTAGE DESTRUCTION - and, practically PRINTING THEMSELVES million-dollar paychecks... they will CONTINUE TO DO SO until called out.
EURO's will be running into physical Gold/Silver!!!!!!!!!!!!!!!!!!!!!
Euro's will be running into Zinc, on late night infomercials.
My Easter chocolate coins, have more " faith", in them!
As I have said before, a re-introduction of the DM would be painful for Germany in the shortterm but stabilizing for the Euro in the longterm (and therefore, best for Germany).
But it will not be the end for the Euro (Unfortunately). The Euro does not allow for trade inequities between european nations to be worked out.
Here's how I think it will go:
DM introduced, DM (and PMs) are hoarded, euro is dumped (spent). German exports become expensive as DM strengthens, other european nations exports become cheaper as euro weakens. Since Germany is the biggest exporter in europe, deflation probably reigns. PMs then decline.
(Hopefully) other european countries economies grow. This makes bonds of these nations seem more stable/attractive (we are talking relative to now). The euro is relatively stabilized. Germany (and other bondholders) takes less of a haircut than expected.
The joker in the deck will be stability (or not) in China and the Middle east.
I am interested in others thoughts on this.
Finland's Parliamentary Grand Committee last week called for treaty changes to allow for a country's exit from the euro.
http://www.talouselama.fi/uutiset/suomi+sallisi+eurosta+eroamisen/a713585
They will get this done a lot faster than the now all but officially abandonned EFSF. Who says they can't do anything?
As mentioned numerous times, the bullish US Dollar weekly chart continues to exert it’s influence and according to my analysis this will continue.
DOW/SP500/NASDAQ charts reveals very overextended price action and another Wile E Coyote scenario...
http://stockmarket618.wordpress.com
Interesting. No word about this in German media, yet.