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Germany Lashes Out, Accuses US Of Hypocrisy
There are those (such as the entire world) who have in recent months ganged up on Germany, see "In The Case Of The World Vs Merkel, The Broke Prosecution Proposes Eurobonds Lite", and are now openly demanding that the German population shoulder even more of the broke continent's bailout costs, and not only that but implicitly foot the lowering of the French retirement age from 62 to 60. Nowhere is there any discussion of how Germany should go about achieving this: by raising its own retirement age to 100 maybe? Nor is there any discussion that Germany is now very actively engaged in bailing out Europe one day at a time to the tune of €2 billion each 24 hours via TARGET 2. Well, it was only a matter of time before Germany, having long kept radio silence, lashed out at its accusers. Spiegel summarizes: "Merkel was certainly in the hot seat, once again, as many nations pressed her to do more for the euro -- at a time when many Germans feel their country has already done too much." And finally the instigator of it all, TurboTaxCheat Tim Geithner, gets exposed: "It is rather hypocritical when the Americans and the British, whose own mountains of debt have reached a high point, try to lecture the Europeans. One number is sufficient to reveal what a bad tactic this is. At a time when the budget deficits of the US and Great Britain are about 8 percent, the euro-zone members have almost managed to bring their deficits as a whole down to 3 percent." And they are spot on: Europe may be going through a painful time but at least it is doing something to address its problems. America continues to rely on one simple, and very much transitory thing: reserve status. Newsflash: reserve status ends. And when it does: run.
From Spiegel:
'The US Is Hypocritical when It Lectures Europe'
The closing group photos from the G-20 meeting in Mexico show the world's top leaders smiling in a show of unity. But German observers say the happy family shots belie the serious problems the world economy faces -- and the mudslinging that went on during the summit.
It's another wait-and-see game for the euro, as world leaders wait for euro leaders -- in particular German Chancellor Angela Merkel -- to come up with further proposals to shore up the common currency. Though there are lots of other economic problems in the world -- including the expanding US debt and trade barriers that have yet to fall -- the leaders of the industrialized world and key developing countries managed to concentrate nearly exclusively on the euro crisis during the G-20 summit at the Mexican resort of Los Cabos.
Merkel was certainly in the hot seat, once again, as many nations pressed her to do more for the euro -- at a time when many Germans feel their country has already done too much.
European leaders were also annoyed that their problems consistently grab the headlines, while many other countries have equally serious issues to deal with. They were quick to point out the financial crisis did not start in Europe, but in the United States.
But in the end, the leaders attempted to gloss over their differences, praising Merkel for her efforts as the two-day conference ended on an upbeat tone. Now Merkel's partners -- and the markets -- are waiting for the EU summit at the end of this month to see what else is in store to save the common currency.
On Wednesday, German commentators defended the country against foreign critics but also argued that little or no progress was made at the G-20 summit. They say such gatherings are not conducive to serious political debate, which is sorely needed these days.
The center-left Süddeutsche Zeitung writes:
"The euro crisis, which has a large destructive potential for the world economy, was reduced to a hiccup-sized problem in the summit declaration -- for one simple reason: When it comes to economics alone, the Americans, the Chinese, the Japanese and the Brazilians are all mired in their own problems. This creates a situation in which one country is always the sinner and the others only get a mild rebuke for their own misdeeds."
"The G-20 is actually the appropriate group in which to speak openly about major global problems. But now the summit has become so ritualized that it looks less like a serious discussion and more like a school classroom in which the children read their homework out to each other."
Financial daily Handelsblatt writes:
"It is rather hypocritical when the Americans and the British, whose own mountains of debt have reached a high point, try to lecture the Europeans. One number is sufficient to reveal what a bad tactic this is. At a time when the budget deficits of the US and Great Britain are about 8 percent, the euro-zone members have almost managed to bring their deficits as a whole down to 3 percent.
"Was Los Cabos for Angela Merkel all talk and no action? The G-20 cannot fulfill its proclaimed goal, made when the organization was founded, of being a world economic government. And that's a good thing, because we in Europe cannot reach agreement on a single joint approach. Still, the forum is important because it gives the chancellor and the other Europeans a beneficial reality check."
The center-right Frankfurter Allgemeine Zeitung writes:
"Despite a lot of dramatic words, the G-20 countries have for the time being postponed the rescue of the global economy. A few days before the next EU summit, the group of industrialized countries and developing nations have to powerlessly wait for what the Europeans will come up with now to save the euro."
"The G-20 is only as strong as the will of its members to work together cooperatively. That goes for the United States, which is resisting pressure to sort out its finances. That goes for the Europeans who, in the third year of their debt crisis, have still not convinced the financial markets that the euro in its current constellation can survive."
"The differences over the path to growth -- in America it's about demand, in Europe it's more supply side -- will immediately resurface if the Europeans, in the view of the Americans, don't deliver quickly."
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Yeah....so what's your point?
Buy! Silver! Now!
If there's one thing I've learned from the teevee, it's that bad things only happen to dark people.
The makers of Hawaiian Tropic and Panama Jack are not going to like that!
...and that it's the responsiblity of lighter-skinned people to ignore what's good for themselves in order to help dark people overcome their problems... unless those dark people are god-forsaken muslims.
Whats an Engineer doing watching "teevee.?
I thought you's were smarter than that.
Atleast wait for the FOMC statement release and get it at discount price when all the algos start shorting PMs again.
you may want to wait a few minutes.
Germany is not Bernakistan.
Hypocricy, who would have thought it.
It's a good chance for Obama to call Germany's bluff. Offer to bail out Europe in exchange for the elimination of trade barriers. That would really hang their feet to the fire.
Moved to another thread
Damn fucking right. US/UK playing this against EU to save their own skin..
All these pathetic rating agencies, even the so called "crecible" egan jones arnt touching the US. This is pure financial warfare we are witnessing.
USUK trying to force some printing from EU so they dont have too but USUK are the ones in most need of it.. Dirty fucknig crack heads
http://www.bloomberg.com/news/2012-04-05/egan-jones-cuts-u-s-rating-one-...
Sure about that?
Good man. Thanks for sharind that, I wasnt aware.
still not good enough.
HATE ALL CORRUPT FUCKERS
http://implode-explode.com/viewnews/2012-06-19_BREAKINGGermanSupremeCour...
+1 nothing sickens me more than the Anglo-saxon financial fascists lecturing Europe. And it's been going on for more than two years now!
Please, break up the Euro already, so we can get the spotlight on the real problem, the elephant in the room, the belly of the beast. The bullshit, worthless, hideously abused reserve currency US dollar.
USUK is a great counter to the PIIGS acronym. Hadn't seen it put that way before.
But why the anger? I can understand the frustration but why get all worked up over something we know is certain? The dollar will be the last fiat currency around (and it will be VERY strong) before the collapse. Perception, inertia, tradition and the sheer mechanics of the dollar as the world currency are a tremendous shield to our enormous problems.
The US (and Japan) will continue leading the world in research, patents and inventions giving the other nations use of our R&D financed by evil profits.
I agree with your thrust if not your tone. (It's too much effort to stay mad 24/7 over a longterm financial mess). The game - global economics has devolved into a system of manipulating debt and (more importantly) value. All god's chillin know that the PIIGS and producers will not use the same euro. Germany & Co. (Finand, Holland, Estonia, Austria, etc) will eventually use a different euro. Ironically, the nature of the social welfare state demands that they debase the currency in order to counter the rapidly dwindling number of workers supporting an increasing number of retirees.
'The center-right Frankfurter'
Country's run by hotdogs.
Ich bin ein donut
no,the US cant be hypocrites, maybe a little manipulative but cant imagine, hypocrites?
NW-Oh no Mr. Bill.
Germany: The gold standard for morality and ethics**
**last 100 years excluded. Not for sale in Connecticut, Utah, or Idaho. Shipping and Handling extra.
I believe it's spelled 'Eugenics'.
Well, whoever owns common shares in the company that makes those oversize calipers to measure cranium girth is going to be RICH!
Anthropometry is making a comeback baby!
ClubMed: The pit for corrupt & lazy people
ClubMed: The pit for corrupt & lazy people
USSA...Gold standard for morality and ethics last 200 years...Indian slaughter, slavery, home of war financiers, millions slaughterd in their own homelands through our misguided foreign policy...and we have been a democracy all those years, unlike others stained with the same crimes...
The U.S. has the world by the nuts. The world has so much of our debt that Ben will print them into oblivion if they don't keep funding our iPads , welfare of all types, and wars.
The world has only ~ $7 Trillion... peanuts compared to the deveritives mkt...
Let them eat cake.
Got PMs?
Unless the rest of the world presents a united front, you are correct. The rest of the world will, in essence, fund it's own destruction. Such is the way with empires that have grown militarily powerful and long since abandoned the rule of law and common sense.
that's laughable. the US does not have the world by the nuts ... over the past 5 years, everybody has been dumping our debt. The FED is the big buyer now. And any nation that is still buying debt has probably negotiated some pretty favorable terms (like 'backed by gold').
less than one decade after we loose 'reserve currency status' we are third world, in every freak'in way imaginable.
Already there. None of this is about money or paper, never has been. So the world dumps our paper for their own paper (if you really think that the PBoC isn't printing then you are an idiot). It is still fucking paper. This is all about power and control of commodities, always has been.
Don't leave out population reduction.
World population is still growing exponentially, just like world debt, conincidence?
For me a 3rd world country is identified by cronyism (the politically connected are most well off), corruption, and two sets of rules, one for those with tonnes of money, and another for the rest.
By that simple guideline America is already 3rd world.
While it's true the fed is the largest buyer of long dated treasuries it doesn't mean the rest of the world isn't buying. The world hasn't reduced their holdings by any significant amount, they have been reducing duration however. China has been given direct access to the auctions bypassing the primary dealers. My suspicion is that by the increased volume of direct bidders we will see China has added treasuries to their balance sheet.
Even if the fed were the only game in town Ben could still print them into oblivion.
Dependent on reserve currency status (which is inversely proportional to Ben printing anything into oblivion).
Only Merkel has the status and cred to say something like that and have it stick.
So much 'cred' that she's going to be defeated in the election by a landslide.
Maybe so, understandably so, but imagine if Barosso had said it, everyone would just turn around and kick him in the nuts.
That's what I mean.
They're just afraid of her because she doesn't have nuts (I don't think) and is former STASI.
"It is rather hypocritical when the Americans and the British, whose own mountains of debt have reached a high point, try to lecture the Europeans. One number is sufficient to reveal what a bad tactic this is. At a time when the budget deficits of the US and Great Britain are about 8 percent, the euro-zone members have almost managed to bring their deficits as a whole down to 3 percent."
How in the world is this possible? We need more stories about Greek troubles obviously. CNN, BBC, CNBC, Bloomburg get to it, chop chop.
When Oligarchs fall out the night of long knives is not far away....
+1 good call. Someone(s) will get retired/replaced/redacted at this historical time.
are they falling out?
Didn't someone here say they're way ahead of us?
What if Germany is asked (eh, told) to join Russia and China to start a new reserve currency (backed by gold, maybe/maybe not)?
Oh, should we go with the chart indicated US still have time to match up to Spain-France-UK (4get Netherlands and Portugal, too small)?
No one in their right mind would enter a relationship dependent upon Russia. Due to rapidly declining population, it will be smaller than Turkey in 30 years yet defending a land mass 20 time bigger. Big changes are waiting in the wings.
The real reason Germany wouldn't do anything so foolish is that she has seen the results of sharing a currency with others who are not financially prudent. She would be dependent upon the word of Russia & China for financial accountability and no one with an atom of sense would trust their currency to those guys.
So ~ when they lashed out, did a lightning bolt strike along with a horse whinnying in the background?
More like crickets with the occasional croak of a frog.
Yes, and the old portrait on the wall suddenly had real eyes during the burst liighting in the otherwise dark room.
Shit, I need my pacifier now.
Frau Blucher!
"Do you want to go for a roll in the hay? Roll, roll, roll in the hay ..."
Protect yourselves:
https://www.youtube.com/watch?v=FVqZX3vfhDo&feature=player_embedded
Nice piece of work to understand "fear system" that allowed to build this fucking INGSOC we're into.
People running towards a wall to protect from nuclear blasts it's a an amazingly strong metaphore of nowadays formulas to "save the economy". Fear always work among naïves.
Thanks.
what's more likely to happen...... Silver at $57 or Dow at 25000.....now does sub $30 look cheap??? Better get some NOW!!
Austerians conveniently overlook the fact that we bailed out Texas to tune of 25% of their GDP, during the savings and loan crisis.
Austerity is correct for personal finances, but the FACT is that in a closed planet/closed monetary system, Keynes rules. I don't get paid unless you buy something. If everyone decides to save more at the same time, we all lose our jobs unless some entity puts more money into the system. (Hint for the single-synapse TeaBaggers: "some entity" = government. Horrors!)
No, what you meant to say is, in a global USURY system, said system ALWAYS self-destructs - no exceptions.
You are correct, especially when
1) there is no rule of law
2) the usury is going to a relative few and is not leading to new innovation (capital and resource mis-allocation and mal-investment bitchez)
Such an intellectually lazy argument
And yet, clearly, still over your head.
If everyone practices austerity at the same time, demand crashes. Nearly half of Europe's recent college grads can't find work; and if they start their own companies, there's no one willing to spend to buy their products. Sorry that it's not more complex.
By "austerity" it seems most mean governments living at 2007 spending levels. That's a draconian / barbaric level of government spending?? Absurd.
So all nations should align their fiscal policies together?? No thanks. You must love the UN.
You are an idiot. Savers would be all too happy to be the ones to put up the capital for new investment and innovation if the fucking rule of law was being enforced. Hey fucknut, how about we start by prosecuting the fucking fraud, at all levels?
In a closed monetary (and energetic) system, infinite growth is fucking impossible and guess what, it is imperative that there are real fucking consequences for BAD BEHAVIOR. This is the only way to insure that capital and resources are not mis-allocated or mal-invested.
Short-sighted intellectual midgets like yourself have got us here in the first place. Makes me wonder what branch of the state or federal government you work for.
Here's a REAL intellectual concept for you: 1+1 = 2
Invest in new productive capacity all you want: won't do you a bit of good if no one has money to buy your product.
Moron. Try thinking your way at least partly out of the paper bag, before posting.
So what then? You want to bleed the producer to give money to the parasitic to buy products, so producers can eat?
Fucking asshat.
Define "money". And when you do, you better make sure that whatever monetary system you chose, it better have real fucking consequences for bad behavior inherent in it's use, otherwise it will only be a tool for unethical morons, such as yourself.
The fact that you oppose the rule of laws and prosecution of fraud at all levels gives you away. Good luck with that cognative dissonance.
There hasn't been real austerity anywhere in the developed world.
In some countries a lack of new "stimulus" programs, but no real austerity.
Here is the deal, w/o some wholesale debt repudiation coupled with some fiscal stimulus, nothing changes.
Because there will be no debt repudiation, nothing will change. Eventually there will be war.
What about re-instating the fucking rule of law? I know that I would be willing to be a source of new capital for innovation by investing my savings if I knew that corporations and their managment teams would be fucking held accountable when they FAIL.
Since TPTB are in fact the criminals, requiring a massive indictment of themselves to re-instate the rule of law, I am afraid that you are correct, there will be war at many levels and locations around the world. It is the only way to cover up the obvious theft at this point. The global ponzi is quite apparent otherwise.
Here is the thing abou the "rule of law" like capitalism it is only enfourced on the little people.
When the "important people" don't like the law, they usually change it after the fact - see the EU on CRA (and i know all the things wrong with credit rating agencies). When you don't like the assessment change the metric and the assessors, finally outlaw assessment all together.
It is amusing that the what is supossed to legitimize Democracy (give the people confidence in their system) is a reliable, consistent, fair, "rule of law"....and it is the first thing that is suspended in the face of "rough times". And then those same law makers wonder why there is no confidence in the system. They should forgot all their convulated theories, all they learned from their 3rd degrees and go back to first principles.
"only enfourced on the little people."
tell that to the guillotine.
Sounds like your are complaining because "life is hard" or "not fair"
Get the fuck over it.
So we have a closed planet/closed monetary system? Seriously? What if I dig some gold out of the ground?
Pack that shit up and sell it elsewhere.
Are you selling that gold to someone on Mars? Pull your head out of your ass.
1.) Fuck you.
2.) My response was to Pulpcutter, so no one was talking to you. See point #1.
3.) It's irrelevant whether I sell my gold to anyone anywhere. I could melt it down into a big fucking chair and sit on the damn thing if I wanted to, the point is that gold is money, and I have (independently of government) increased the amount of money in the system, therefore the system is not closed. What if I never sell any of it and just accumulate it my entire life - is everyone else poorer because I'm "removing" the gold that was in the system? No, and if I ever did decide to trade the gold for goods, the "system" would be richer than it was before I started digging. Or what happens when China adds another five billion savers/producers, are we all going to be poorer because more people exist? Probably not. Money supply and population growth are not fixed, there's always going to be fluctuation within the system. Saying the system is closed and rigid is taking a keyboard-hero, third-grade view. Refer to point #2.
Thanks for pointing out your own ignorance with such a "thoughtful" response.
I guess you better back up and define what you mean by "system" moron.
You don't even have the intellectual fortitude to recognize that you are arguing for the exact same thing that I am. Sound money and a system of laws and contracts that are fucking enforced and insure REAL CONSEQUENCES for bad behavior AT ALL LEVELS. When you attack your own allies, stupid doesn't even begin to cover it.
dude, if too many people start to save then interest rates go way down, because no one wants the money... if interest rates go down (driven by, *gasp*, market forces) then people will have less propensity to save and are encouraged to borrow (because of cheap money) and spend. When people are borrowing and spending too much, interest rates go up and encourage people to save. These things will regulate themselves. They only go fucking haywire when some asshole thinks he knows better and starts fucking with the system.
Get your head out of the "econ 101" text book and think for a moment.
Precisely, market forces are not driving interest rates down, The fucking Fed is. End the fed, restore the rule of law and a real fucking market.
According to some news outlets, Obama was the go between for Merkel and other EU Heads of State.
Looks like Obama did another bang up job.....got them all to commit to "consider" things they have been considering for the last 2 years.
Heckva a job Obama.
too bad Barry wasn't available for Katrina duty
I'm sure he's also showing them how to "evolve" their thinking on this issue; how to stand in front of a camera and show your best smiling face; how to read from a teleprompter and look natural by occasionally turning your head and blinking your eyes.
When Obama went into office, I thought, great for America - finally a black president. America works...
Germany didn't raise any alarms while this crisis was brewing. Spain's property bubble was only bemoaned after the pop. If Germany is so smart why didn't they see this shit coming from a kilometer away?
They did. A lot of people did see this bubble and warned about the consequences including government advisors in Spain. Unfortunately, Spanish policy makers had no interest in stopping it. After all, they were too busy celebrating their success story.
pots and kettles all around. And all of them hypocrates too.
US AND UK ECONOMIC THEATER COMPLETELY BROKEN AND THEY KNOW IT...GERMANS TO ATTACK...GET READY GRINGOS AND BAKED BEANS...
the krauts were the ones to come up with the idea of the euro in the first place ..they thought that maybe this time we can rule europe with money instread of guns..guess what guys you are wrong again..lol
Repeating lies doesn't make them true.
Do you know Jacques Delors?
It's about time Germany lashed out. The only time Germany is ever mentioned on the tube is WWII documentaries. I catch a combined 2 to 3 hours a month of MSM psychobabble news and Germany is never mentioned, instead it's just Syira, Libya, Greece, and an assortment of shit-world countries being talked about.
Germany's posturing has changed over the past couple weeks. I think they have made the decision and are preparing to go it alone. When they do, the Euro is toast.
It is rather hypocritical when the Americans and the British, whose own mountains of debt have reached a high point, try to lecture the Europeans.
US debt today is $15.8 trillion and unfunded liabilities are $119.1 trillion and growing at $8.2 trillion a year. In other words, US debt and unfunded liabilities increase by Germany's GDP every 146 days.
Do as we say, not as we do ... that's all I've got ...
Unfunded liabilities? You're not supposed to mention those!!! SSSHHH!
The teachers, the pensioners, and the military folks might realize they have been sold a pack of lies.... Future promises make the world go round. Till... It doesn't.
When people realize they have been lied to, and cheated out of their retirement and benefits, yeah, things could get messy. BUT, that people are largely uneducated re: financial matters makes things quite scary, because it will be relatively easy for politicians to pull the old misdirection trick.
It will probably be a war, and it will definitely involve being very very afraid of people of different ethnicities. You know, because its all the Mexicans, Arabs and Chinese fault.
Merkel has a point. Also, USA probably deserves to lose reserve status.
But in favor of what else?? What other economy ccould fulfil the role at least as well?
Russia? LOL
China? 300 million prosperous peeps + 1 BLN poor, angry peeps. + the rascals in central planning.That pot is simmering.
EU? worse than USA debt. Will it even exist in 6 months?
Swiss Franc? Well done, Switzerland, but too small of an economy.
Reminds me of how, to save big money, Americans can just buy all their perscriptions from price-controlled Canada.
Except that Canada has 34 million peeps & USA has 320 million. Not gonna work.
What truly is the alternative at this time?
Ohhhh .... you've sparked an idea that I hadn't thought of before ...
What if Germany leaves the Euro and joins Switzerland in a "currency union". Maybe they will allow a few other 'best of breed' players to join as well. Now THAT would make for one heck of a reserve currency ...
germany- Russia makes more sense: capital + industrial base + resources 9e.g Nord Stream)
from my perspective sitting here in the gold 'ole USof A, a Russian-German reserve currency is one seriously scary thought
Keep in mind, that $14.5 trill nominal was/is the rult of;
(1) Unaffordable consumption and property bubble debts
(2) Production and employment that is a shadow of its former glory
(3) Massive and on-going mis-allocation of capital resources
(4) Epic and insane deficits to try and keep it all from deflating again
In other words, it's just a gigiant bubble, ever trying to reinflate itself, now just using constant QE to do it. Good luck with that approach. Give it a few years, and you won't have anything like such a huge 'economy'. Remember when Japan was going to overtake the US? Japan was likewise a gigantic nominal GDP credit-bubble.
When this shakes out the reserve currency options will become clearer.
Some would say the next reserve currency is already in place: SDR's.
The SDR is an IMF creature and it is broke, and it is a parasite but the hosts are broke also, so the IMF is starved, and may fail to have much of a role, and a decreasing a say in things, from here on. And the US won't want the IMF around when the US goes belly-up (so they will kill it off).
The IMF is ultimately just a parasitic rescue fund, and it's soon going to be even smaller than the EU's parasitic rescue funds. And when the so-called SDR holder is begging for money off broke states, then the SDR tends to look a wee bit as dead as a 'Norwegian Blue'.
http://www.youtube.com/watch?feature=player_detailpage&v=npjOSLCR2hE
Why do we need one leader, one reserve currency, one unilateral bully who answers to no one?
Are they gonna start fighting again?
Well we could be pushing them into Putin's corner and that is the last thing the US and the UK can afford to do since they've mucked things up so badly now.
I agree with the article.
OK, the EUR is badly flawed as a concept and economics aren't all rosy (you may consider this an understatement), but why would the USSA or the USSK have anything to say about how to manage an economy?
Since when is printing USD the main economic activity? When is the last time I bought something manufactured in USA? Or bought a service from UK?
Fuckheads.
We are referring to 'them' as USUK now. Get it, U SUK. USUK.
Those were the days my friend, and still are. Just need to photoshop in Obama and the latest Wall St. appointed Treasury Secretary:
http://dailybail.com/storage/bush-paulson-and-bernanke%202.jpg?__SQUARES...
Shit people, when are we gonna realize that the entire banking system in the so called "Developed World" and sorroundings is under control of PRIVATE BANKSTERS giving almost no room for governments to decide other than surrender their whole economies and State's assets to these banksters thrones? Merkel has to deal with Deutsche Bank, ECB, the FED. Obama has to deal with the FED's Masters as the next administration would have too. Samaras, Monti, Rajoy and the rest, all bitchez of the bankster's corporation.
Pay decimus to them, beg for the water you need, stick to their institutional architecture, accept slavery and shut up or fight for freedom in politics and economics.
Either way it's gonna be painful.
Merkel's statement is the begining of the end for the USD. She just wiped her ass with it in public.
All Ponzi scheme players are equal, but some are more equal than the others.
Obama is too busy playing golf in Honolulu. Usually Germans work harder than him (not always), so Germans are right. Americans should clean their house before judging; but they love winners like Paulson, Fuld, Blankfein, Geithner, the legendary Jamie Dimon......they love winners. All the rest are losers.
I am still waiting for this Nobel P. winner called Obama to reform the financial system. Ok, I drank too much. Something tells me that wars are looming as there is always someone to blame when the world goes awry.
Then how does this square with thisfrom the Telegraph this am?
http://www.telegraph.co.uk/finance/financialcrisis/9343049/Debt-crisis-Spain-and-Italy-to-be-bailed-out-in-600bn-deal.html
And somewhere, a Central Bankster smiles, as the puppets add a touch of theater to their appointed roles.
ZOMFG! ... lol ... read this!
--
Debt crisis: EU leaders set to announce €750bn Spain and Italy bailout dealhttp://www.telegraph.co.uk/finance/financialcrisis/9342727/Debt-crisis-E...
--
Now, who wants in?
Element it may just be the new rumor for the day. This deal is not announced yet. The title is they are prepared to announce and I will believe this when it is announced. Got commodities anyone!
Yeah, that looks to be the case ...
http://www.efxnews.com/story/13163/eu-commission-no-eurogroup-plans-disc...
More importantly you can see how this is effecting overseas markets /currencies i.e EUR/USD etc... Short Term Technical Analysis
At the top, all economies are managed by the same small group of gangsters.
The premise of the article is the timeless old diversion tactic.
The problem is Greece. Or Spain. Or Germany. Or the U.S. Or the Democrats. Or the Republicans. Or Golden Dawn. On and on. Round and round we go.
Divide and conquer.
Will the muppets ever catch on?
We call them banksters now.
But yes, people's propensity to fall for the ol' Divide and Conquer is quite amusing. I guess this is why they don't teach much finance in schools, and we are told 'history is boring'! (Politicians and the banksters who own them) Wouldn't want people to catch on to one of the oldest tricks in the book!
Its the Mexicans, its the Muslims, its the Chinese. They tookrrrr jobs! Damn liberals. Bloody conservatives. Religious right... Alternatively, it could be women's fault. Or possibly it was the younger generation that got us into this mess. Rinse and repeat.
Spiegel is not "Germany", and the military occupied "Germany" and its bankster government do not serve das Spiegel.
Germans will be told "their" prosperity depends on the euro. The deal will be framed as a minimal temporary sacrifice to get bigger future reward. The Germans will "blink" (as did the Greeks) and Merkel (or her replacement) will fall in line.
The French will be told some sacrifice is necessary to "save the euro" (for the banksters as Hollande has pledged to do), preserve European cooperation (especially NATO militarism as Hollande has also promised). The French will back Hollande as he mimics Obama and talks the talk for hope and "growth".
There is more financial control to be seized, and more wealth to be squeezed. The international power elite will not be deterred by rumblings of nationalism. In fact, they will use it to their advantage, both to deflect attention from themselves, and to channel fears of nationalistic excesses.
All Merkel has to do is threaten to throw USA (and non-German NATO) troops out of Deutschland and Barry will bend like a weed. Alternatively, she can hint a cozying up to Mother Russia and scare the wee wee out of Billary and Fanetta.
Barry only bends when the interests of his financial elite sponsors are not at stake.
Merkel ( or her replacement) will eventually do what is expected to ensure the continued "prosperity" for "all".
Germans feel their country has already done too much
Israel Deploys Nuclear Weapons on German Submarines - SPIEGEL ONLINE
06/03/2012
The dollar's value tripled, in trade-weighted terms, between the 1950s and year 2000.
The dollar losing it's reserve-currency status, and devaluing versus other currencies, would be the best thing American manufacturing ever had happend to it. Our trading 'partners' manipulate their currencies to artificially weaken them - particularly China, Japan and Canada - and the Euro weakness has had the same practical effect WRT exports to Europe.
Few remember (apparently) that America grew it's manufacturing might behind a wall of trade tarrifs. Until the income tax, in 1913, the federal govt got the majority of it's operating budget from import tarrifs.
Loss of the reserve currency for the US for make Bernanke and the Fed real fearful. Their money games wold be severely hampered.
Why let a little hypocisy stand in the way of a good put down? Sausage eating whiner I mean wiener
yah, the US are hypocrites. make Hollywood and blame the entire world..Germany are hard working and low profile/understated..Long live Germania.