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Euro-Fatigue Storm Rising
The ongoing drama and chaos across Europe has seen the rise and spread of a number of 'extremist' anti-EMU and anti-bailout parties. As JPMorgan notes, the political consequences of reform fatigue are high. Many countries have seen the emergence of nationalist parties but only France, Italy, and Greece have parties advocating EMU withdrawal (for now). This is exactly what we discussed as likely to occur and was quantified here (and here) as inevitably leading to chaos, judged empirically, when austerity has been imposed.
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Extremist is antibailout?
Get out while the gettin-is-good.
The True Finns story has run its course.
Finland simply isn't fertile ground for uber-national rhetoric, if only because they really don't have to worry about too many immigrants. After all, who in the world can speak the language? Every word looks like an eye chart....
They won't have to worry about Steve Prefontaine anyway...
A little good news....consider him scratched off the list.
Well, actually I am just about to go on a well deserved 30 day holiday :) I don't know how you do it in the US but here they withhold 12% of your salary over the year that you then use for your holiday.
So basically it comes out of your salary. You can also chose to not take any holiday and get it in cash.
But this is norther europe, I do not know how they do it down in southern Europe.
But this is something I defend, After working like a fucking slave for 12 months I deserve at least a month off as we have little or no Sun and warmth here during the looooong winter.
Anyways, many other countries like for example Sweden have parties in the government that even wants to exit the EU all together !
The EU is a failed zionist-satanist project that should be scaled back to a trading block, leave the idiot politics out of it, and things would look pretty good. Thanks to this Schengen free travel policy, all of productive Europe is overrun by gypsys raping kids and begging on the streets.
As a northern European it is not that pleasant to see these dirty bastards lay around everywhere with their yellow teeth and rugged , ugly faces.
I now can imagine how life was back in the days leading up to ww2, all that is missing is that Germany let's ECB print money and drop it from zeppelins over europe. (also known as hyperinflation).
"[H]ere they withhold 12% of your salary over the year that you then use for your holiday. So basically it comes out of your salary. You can also chose to not take any holiday and get it in cash. But this is norther europe, I do not know how they do it down in southern Europe."
In southern Europe, they withhold 12% of the salary from someone from northern Europe. So basically it comes out of your salary as well. ;-)
LOL awesome!!
Hahah probably true :)
Hahaha! You asshole.
The EURO is killing our exports and our economy. Our politician's fault to accept it the way the castle has been constructed. It's the fucking moneta unica that's destroying the south of Europe. And for your information the north of Italy is still one of the most productive and richest regions of this planet, even in an earthquake emergency that goes on by 1 month now.
Why do I get the feeling you have a government job, or a job that is supported by a government contract... Things just seem a little too comfortable for you...
If you are talking to me, the answer is no. i work in the private sector.
What is so comfy about reserving 12% of your net income per year for later use? I am assuming you can do the same in the US, just add a couple of $ every month on a separate savings account and then pay bills and travel with those when you take time off?
I know my US colleauges have 25 days off per year, just as we do.
(I work in IT Sales)
The US government takes 7.65% (15.30% if self-employed) of my net income but has no intention of paying it back to me in my old age.
.
> After working like a fucking slave for 12 months I deserve...
If you did the same last year then it's after 11 months. Except if you take vacation in order to go work in South Europe during summer.
The goddamned bigot.
I took the cash last year to invest in a nice bit of farm land actually :) Hedge all the way folks! But yes you are technically right.
If all hell breaks loose at least I can feed myself and the family.
.
"failed zionist-satanist project . . . productive Europe is overrun by gypsys raping kids and begging on the streets.
As a northern European it is not that pleasant to see these dirty bastards lay around everywhere with their yellow teeth and rugged , ugly faces."
This sounds not that much different from what the Nazis were preaching in the 1930s. They also included the homosexuals and communists in their enemies list. We know how that turned out.
Unfortunately, the ones that paid the ultimate price were more likely than not to just be ordinary working people that had the misfortune to be identified with the pariah groups. Nothing binds the electorate together as much as having a common enemy, real or imagined.
That was exactly my point, for some f"#¤ed up reason, we can all of a sudden relate to that era, which is scary and not pleasant at all!
"Anyways, many other countries like for example Sweden have parties in the government that even wants to exit the EU all together!"
Which party in the Swedish government wants to exit the EU?
As I understand it the sweden democratic party wants to exit the EU all together
and the Left Party of Sweden and some of the Centre Party, as far as I remember
The Left Party (Vänsterpartiet) abandoned their demand for exit from the EU last year, and want to focus on changing the Union from within instead. (Good luck with that!) And those politicians of the Center Party that want out of the EU are a small and marginalised group. (Which is a pity for the party, since there is a much larger section of their voters and the general public that feels that way, but has no one except the tabooish Sweden Democrats to vote for on that issue.)
another shocking news. so the percentage of non-EU countries that would leave the EU is increasing but inside the EU people don't wake up? shocking /SARC
how is this possible? JPM says that a Euro-Fatigue Storm is rising! And Tyler Agrees! you must be mistaken ;-)
There is growing EU skepticism among the people, at least here in northern Europe. It's just the politicians that are still fully in favour of an "ever closer union" - though many who were previously very outspoken on the subject are now keeping their heads down so as to not alienate their voters, whose opinions they have no intention of representing.
That's true enough, but the Sweden Democrats are not in government. Nor are they ever likely to be, unless they somehow reach a majority on their own (which would be quite a leap from today's five percent), since all the other parties, regardless if left or right, despise them and wouldn't touch them with a ten-foot pole. (The "allowed" breadth of discourse in Swedish politics is very narrow, and everyone venturing outside it is labeled an extremist.)
The swedish democrats are still in the parliament. They have a vote.
Get out while the gettin-is-good.
He who panics first panics best.
Get out while we do not have had 20 years of slow demolition of out economy and wealth.
Of course. Anyone who is opposed to bankster bailouts, and transferring the costs to those who can least afford it are extremists. This is how things are done in a fascist/EU dictatorship.
That attitude isn't just in the EU. The MSM here in the fascist US of A will do their best to ensure that same attitude is hammered home to the sheople. They are just using the EU as a staging ground to hone their craft before using it in the land of guns, Gawd and proud ignorance.
Summer holiday in Europe is about here. Time to put all this austerity and bailout on hold while they take 30 days off. It's hard working 25 hours/ week.
only 30?
Since when is it extreme to demand the government not live beyond it's means?
Extremist is antibailout?
Extremist my grandma!
Pass the popcorn. The movie system flush is getting really good.
Can't wait until the antiseptic is applied to the USA.
Is Drano considered an antiseptic?
Sure, it'll clean you out, but it'll leave you hollow inside.
We don't have an infection. We are full of s***. We need an enema and some vaseline for passage.
The ongoing drama and chaos across has seen the rise and spread of a number of 'extremist' anti-EMU and anti-bailout parties
More like NON CORRUPT parties... whoever is pro-bailout and pro-EU is either a total idiot or totally corrupted. The bigger government are, the bigger they get and the more tyrannical they become, that's a law of the universe... because of human behavior.
The only good government is a small government... the only ones who got it (almost) totally right are the American founders.
Power = corruption, also government = cancer. That's why the system needs to be "rinsed" once in a while. With the blood of tyrants and patriots, that is...
New polls in the UK say that 80% want a new referendum about remaining in the EU...We'll see if Cameron has the spine to call an election for that?
Cameron has plenty of spine - Goldman Sachs paid to have it installed. JPM paid for the strings to be attached. Barclays paid for the radio control that moves his facial features. And BAE Systems did the voice.
Cameron...Spine??? ROTFLMAO.
Somebody said that on the radio earlier. Things must be bad if even the Bankster's Brainwashing Corporation are allowing comments like that to go on air! As I mentioned, there was similar sentiment from a panel of historians yesterday, too.
The problem is the people do not control what is going on....I do not care who they elect....its the Bankers...
The USA might have some "extremist" parties in power if the elections weren't rigged. Thank God for the wisdom of the Washington DC politburo, er I mean Federal Election Commission and the ruling blue/red party apparatus.
Don't forget Iceland, seems they know how to stay out of the crapper too
Seeds being sown for yet another in the series of pan-European wars. Place your bets now on who 'fires the first bullet'.
Greece 5:1
Italy 10:1
Spain 20:1
France 1,000,000,000:1
France had better de-mothball that white flag factory.
First they have to de-mothball the mothball factory...
They can't. They outsourced it to China in 1998.
Germany 0.00001 : 1.
5-Star Movement? The name sounds like the marketing campaign of a hotel chain.
it's led by a former comic turned morose: Beppe Grillo. Funny guy in his former role. He used to smash a PC at the end of his rallies because he demonized the internet, now he has a very famous blog. Recently he wrote a letter to the FT because he felt they were quite disingenuos when it came to Italian Affairs... alas, another Italian noticing the bias...
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JPM, this infografic is the sloppiest work of anti-euro-propaganda I have ever seen. Fire that intern, I know teenagers that would have done a better and scarier job. In fact, if you are interested, I'll send you a few CVs, you can contact me through Tyler...
Beppe Grillo smashing a PC at the end of his rallies because he demonized the internet? I know him very well and i think you are a little bit bad informed. He was and still is a great satirist. He was put out of italian television when i was a kid just because he sayed Bettino Craxi (Socialist party, godfather of Silvio "banana" Berlusconi) was i thief. Than Silvio took Bettino's place when he and his "socialist" party were destroyed by "Mani Pulite", the huge process that took place in 1992-1993 and ended the so called first republic once the Berlin wall crumbled down.
5 stars is to say that everyone in their movement has to be "clean", no trials, no tricks, no bullshit. Every traditional party is shitting in his pants right now in front of a satirist. Wonderful. I voted for his man in my region 2 years ago and I've never been so happy to have voted a guy in my life! He's one of us, no 40 year career, lifelong politician. Wow!
Italian? You know Beppe Grillo very well? Reeaallly? Then have a look http://dezgeist.blogspot.ch/2012/05/quando-beppe-grillo-distruggeva-i.ht...
Yes, he is a great satirists, and yes, Craxi and later Berlusconi gave him no space on tv. And 5 stars has a chance of getting further than the other protest parties. Good luck. But I don't see a great party in it, yet.
Re. the good guy who's going to save us.
I have two words of warning for you --> Ron and Rand Paul.
I am sure the PTB can be very convincing.
did you know that Anonymous says his party is sliding towards fascism? and that they attacked his site because of this?
http://www.nonsolosmartphone.it/anonymous-oscura-il-sito-di-beppe-grillo...
not that I trust what Anonymous says or does...
As someone correctly pointed out the choice for Germany is : Which costs it more Euro implosion or euro federation. I think that is the real choice for Merkel. Not that either solution solves the financial crisis of first world capitalism; whose nexus is in WS/City. We will soon find out for Eurozone if we believe the pundits. For Pax Americana zone it will take longer.
It's not just what Merkle thinks. How do you think the Germans are going to feel when they are working until they are 67 to retire while they fund their French neighbors who retired at 60?
Germans like work. They're the smartest, hardest working people in Europe. We're told that all the time! Don't you watch the news?
Financial integration is going to happen with the promise of an issue of EuroGOLD bonds.
Germany exit euro now!
Its better to exit now than later. Will be difficult but only chance...
Commentary - in german (unfortunately)
http://www.mmnews.de/index.php/wirtschaft/10212-deutschland-raus-aus-euro-jetzt
Judging by the up votes on some of the comments it's good to see there are at least a few Germans waking up.
Deutchland uber der Banksters!
Not that anyone will really listen to this man I have to say I agree with him why should taxpayer's be forced to bail out the banks? That's not Capitalism!
Europe Must Stop ‘Ridiculous’ Bank Bailouts: Pro
http://www.cnbc.com/id/47776851
I WANT OUT ALSO!
How long can the sword of Damocles hang over your head till you finally say, "go ahead swing". I am mad as hell and I'm not gonna take it any more.
Actually, the sword of D. is hanging by a thread. Nobody swings it, but I get your point.
The fatigue is rising! You're absolutely right Tyler. Did a little long trading off of technical levels over night. Then shorted into N.Y.
The (dxy) has a bull flag on the hourly chart. Thought it would have boiled off more. Bond yields are ugly to.
Why is the Euro record still playing? I'm sick of watching the so-called elites play this record over and over again. We all know the song and don't like it. End it already!
ZH should be much more even handed when it comes to reporting the emergence of other-than-globalist parties and movements across Europe. For all anyone knows, these developments could represent the beginning of the way out of financial imprisonment of Europe and of Europeans. You got a problem with that? Really?
To hear you guys tell it, the choice is banksterism or nazism. That is total bullshit and ZH should be ashamed to portray this is ones "choice". A total fallacy, and you're pushing it.
More and more it sounds like ZH will support nothing other than more and more banksterism and the chaos it has already brought to the world. And is about to bring much, much more.
Is this an incorrect assessment?
Hegelian Dialectic, innit! We're all conditioned to think there are only ever two ways. Capitalism or Communism, Red v Blue, Pepsi v Coke... we're not allowed to think that, just maybe, the best way might be to take the parts of systems that have proven to work and to ditch, forever!, the parts that suck. Invent something new!
You mean like Benito Mussolini's Third Way fascism: everything inside the state, nothing outside the state, nothing against the state -as now promoted and practiced by the progressive/liberal/socialist/nanny-state statists? Like that new thing?
I would say this is an incorrect assessment, yes.
Count me in. I think we should declare the ZH blog a.... ready for this.......:
"Neo National SOCIALIST Sanctuary".
It's only fair. After all, they are figthing the Status Quo ;)
I promise to solve all of all of [insert country's here] problems! Now come pick me up in a private jet, motorcade me to a posh residence, stock it w/ women and good booze. My friends too.
The only "extremists" I can see in this article is JPMorgan. Another fine example of the media and Neuro Linguistical programming.
Is this the end of the Krugman/Stiglitz spend, spend, spend mantra? Fitch warns Europe of calamity (like the Captain of the Titantic announcing icebergs AFTER hitting one) and Europe is on fire this morning.
http://confoundedinterest.wordpress.com/2012/06/12/fitch-warns-europe-spanish-yields-spike-no-qe3/
The Freedom Party in the Netherlands advocates leaving the Euro AND the EU. Elections are scheduled for September 12th. Freedom party runs high in the polls but the Socialist Party even higher. Both are fringe parties. The Liberal party is the only mainstream party that also is high in the polls.
Why does that surprise anyone? What did you think would happen if you do again now - draining everything you can out of a country - the way you did after WWI
There comes a point when you have to realize ZH readers aren't the only people on Earth who can figure out that what's happening is the banksters, and the people who the wage-slave banksters support - sometimes referred to as the *.1%* who are the Ultra Rich - are raping the population to maintain their lifestyle.
The best phrasing I saw was on ZH when Tyler (I believe, but I could be wrong as to the source - it's the phrasing that stuck in my mind), when I saw the phrasing, along the lines that "The population is being told that it is at fault for overliving, when the truth is that it is the Ultra Rich elites who decided to foolishly spend the money (Greece needs 12 submarines - living under the US defense umbrella? Sure . . .), run up the debts, and now can't pay it back. So they guilt trip the population into believing it is their fault - when really it is the Ultra Rich who brought all this on. Now that it's here, they are doing what they always do - they are spending someone else's money to pay for their extravagance."
Eventually the message sinks in. This is not a ZH Exclusive. Others have figured this out - and the people who are now seeing for themselves what has been done to them - and what is being done to them - are truly angry about seeing their life go to Hell in a hand-basket while the Ultra Rich continue to live their over-pampered lifestyle.
And the celebs - believe it or not - aren't helping the Ultra Rich. When you see a useless piece of trash like LiLo or Paris out there - you have to ask - exactly what did they ever do to earn their lifestyle? (Yeah - they are actresses - again, sure . . .). The celebs really bring it into the public mind, and they start asking these questions.
Or better yet - what do the Kennedys do? The Sulzbergers? The Grahams? The Saudi princes? I can name one leech after another who is living rich for no reason other than they can fog a mirror and collect a trust check.
"So exactly why am I sacrificing my lifestyle so they can live one in which they do nothing to earn it?" the population finally asks.
You may - in your Ayn Rand World truly hate that I bring this up. Well, greed is not good. Greed leads to moral decay. It creates the disparity we see evolving where the Top 1% collects 90% of the income - but pays ONLY 70% of the taxes. They should pay relative to their earnings - they make 90%, they should pay 90%. I have no guilt whatsoever of stripping them down to paying relative to their earnings, relative to those of the population at-large.
And greed leads to the closing of upward mobility through education and networking as the cost of that education exceeds the ability of the classes beneath the Ultra Rich to pay for it. And God knows, "If you aren't Ivy League, you aren't anything at all!"
Think that's wrong? Then tell me why every single Supreme Court Justice is a graduate of Harvard Law School. What - no other law school in America is good enough to produce the quality of knowledge and intellect needed to be a SC Justice? Or is it that the Ultra Rich have shut the door on anyone other than their own "tribe" - as they now say in the Obama WH.
When the population takes out the education loans, and the kids are still unemployed - think they might get to figuring out that it's all a Big Lie? And how do you react when someone lies to you? So why would it surprise you that people are ready to take the heads off the Ultra Rich?
And ultimately, the Rand World leads to revolution, as the "muppets" finally get up the courage to kill the Ultra Rich and confiscate their property. That is where this is all heading.
It is sites like ZH that are educating these people to the reality that they are played for fools. It is educating them that they are nothing but debt slaves to the Ultra Rich. It is educating them to see that the Ultra Rich do nothing but suck the population dry. It is educating them that the Ultra Rich are nothing but greedy bastards who have no more respect for them than they do the ants they crush with their fashionista boots.
So expect to see more violence, more anger, more so-called extremists. The more they read ZH and its genre, the more angry reaction you'll see.
The Ultra Rich always bring it on themselves.
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Hey scanned your rant and basicly your right. Welcome to the party. But lay off the Kennedys. They took a lot of hits.
So a systemic dominoe collapse of the Euro unrolls before our eyes and if people say what it actually is and advocate getting rid of the broken system they are extremists...maybe in the sense that they are extremely correct or extremely sensible.
18% is a long way from winning. Communists used to get more than that, even won sometimes. Europe didn't collapse.
Ah, refreshing that wikipedia does have a nice factual quote or two[from the Farage article]:
Farage predicts that if the situation continues it will lead to violence due to the people's inability to "determine their own futures through the ballot box" as it will become the only "logical" tool to enable them to escape from their "economic prison" i.e. the Eurozone. He proclaims "I can only hope and pray that the euro project is destroyed by the markets before that really happens."
They should drop the euro before they drop the europe.