EuroTARP Cometh: Germany's Schauble To Pull A "Paulson" Will Force Banks To Take Bailout Funds, Handelsblatt Says

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Wed, 12/07/2011 - 12:46 | 1955106 ratso
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Alles ist in ordnung.

It removes uncertainty from the system and assures liquidity for the banks.

Wed, 12/07/2011 - 12:50 | 1955138 Mr Lennon Hendrix
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Three years later, still no one has any idea what they are doing.

Wed, 12/07/2011 - 12:54 | 1955155 American Dissident
American Dissident's picture

THEY know exactly what they are doing- Behold "The Forth Reich"

Wed, 12/07/2011 - 13:20 | 1955172 Mr Lennon Hendrix
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If the plan is to lay waste to the economic landscape, then they are geniuses.

Look people,

It already happened.  It's over.  Last week ALL Central Banks tied their overnight windows, their emergencie lending facilities, at one interest rate:  the Federal Reserve's.  This means that all investments in the Fiat Ponzi are equal.  This means there is now a One World Currencie.

Now Germany is saying they are about to jump ship.  Who knows if they have a life boat or not?  That doesn't matter.  What matters is that it has come to this- with sharks circling the Euro Zone, Germany, the engine of Europe, is leaving.  They are going to load up on Euros, and jump.

This will start a panic.  The whole Zone will follow suite, all hoping for a bailout.  You will see France, Italy, and all others bailout their banks now.  This will coincide with the ratings agencie cuts that we knew were comeing.  This will create huge deflation, as the agencie cuts will show that all these States are bankrupt, at the same time that the States create European hyperinflation.  This is what Keiser called "Blobflation".  It is called biflation from Caviat here.  You can call it what you want, give it a cute name, but it is the end of the Euro Zone.

And all the while, the Federal Reserve continues to spend hand over fist and do exactly what Europe is about to do.  Ratings cut after bailout, repeat, repeat, and anyone thinks there is such a trade as EUR/USD?  The DXY is the cornerstone of the Fiat Ponzi, and it has been bled at the alter of the Fed by Ben S. Bernanke.  The Fiat Ponzi is finished.  Everyone has now jumped ship.

Wed, 12/07/2011 - 13:24 | 1955305 Oh regional Indian
Oh regional Indian's picture

I think Significant fighting operation will break out before that unfolds, nein LH? So many social levers yet to pull. 

German's have one of the most socialist set-ups anywhere in the world. Perhaps Germany's net creditor status is a huge hoax? 

Hypo-thecated? ;-)



Wed, 12/07/2011 - 13:28 | 1955332 Mr Lennon Hendrix
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And while the economie implodes, War Pigs keep their fingers on the triggers.  The US Military industrial complex pushed CIA led operations in Egypt, Libya, Syria, and are trying to now spur Mother Russia into infighting.  Israel tries to push Iran into a corner, and the US and UK operate either by pretend ignorance (dropping a drone in Iran's lap) or they got caught spying, again.

The War Pigs are watched intently by Central Bank heads, as they know their collapse is coming.  War is the only thing that could "save" the economy, Keynesians say, "Look at WWII as an example!  It solved the great depression!"

The culture of the world has gotten sucked into the Hegllian Dialectic of the "Two Sides" but these two sides come from one coin.  If the whole coin is seen, then there are three choices.  One side, the other side, or the whole coin.  This is why Hegel was wrong, and why modern political theory is also wrong.  There are more than just two choices in life, in fact there is a fourth choice.

What if the coin does not exist?  What if the coin does not make a difference?  What if we could live in peace?  Will we give it a chance?

Wed, 12/07/2011 - 13:37 | 1955368 boom goes the d...
boom goes the dynamite's picture

Generals gathered in their masses
Just like witches at black masses
Evil minds that plot destruction
Sorcerers of death's construction
In the fields the bodies burning
As the war machine keeps turning


Wed, 12/07/2011 - 13:40 | 1955373 The Big Ching-aso
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"Panzers in the streets!   Howitzers on rooftops!   Mausers at the gates!     Cave in to our demands or we will allow you to destroy yourselves!"

Otto Paulsonlanger, Minister of Orwellian Tactics and Propaganda

Wed, 12/07/2011 - 13:42 | 1955384 Oh regional Indian
Oh regional Indian's picture

What if the coin stood on it's edge?


Wed, 12/07/2011 - 14:01 | 1955447 Mr Lennon Hendrix
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What if?

Wed, 12/07/2011 - 14:19 | 1955497 TheFourthStooge-ing
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If the coin stood on edge, you would see a layer of copper sandwiched between outer layers of cupronickel, recognize it as a worthless slug, and reject it.


Wed, 12/07/2011 - 14:31 | 1955539 Badabing
Badabing's picture

then Dick York will read our minds "The Twilight Zone"

Wed, 12/07/2011 - 17:19 | 1956287 earleflorida
earleflorida's picture

ah yes,... the proverbial 3rd side?

Wed, 12/07/2011 - 13:43 | 1955391 Caviar Emptor
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Germany has a trade surplus on a continent where that is a distinction. And in a world where that is increasingly difficult. Beyond that it's the same story as other large developed over-leveraged nations, with some unique problems as well. 

Wed, 12/07/2011 - 13:29 | 1955327 Mr Lennon Hendrix
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We are waiting for Bernanke's "Oops." moment by the way.

Wed, 12/07/2011 - 13:36 | 1955355 Captain Kink
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...Germany, the engine of Europe, is leaving.  They are going to load up on Euros, and jump.


I am confused, why would Germany want Euros under this scenario? to bail out banks with euro denominated liabilities?  Ultimately they would convert to DM, no?

Wed, 12/07/2011 - 13:36 | 1955367 Mr Lennon Hendrix
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Because when the SHTF all Banks are going to whine about how solvent they are to the IMF when the IMF comes to save the day.

It will be the same for China.  When SHTF, China will say, "We deserve some credit (literally) for all of this debt."

The IMF/World Bank will look at balance sheets and decide who has the best rating, who gets what funding, etc. 

Wed, 12/07/2011 - 13:37 | 1955370 Caviar Emptor
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Tip o the hat, M Lennon. Yes, deflation is baked into a huge unemployment, huge overcapacity, poor demographic situation that's been brewing for decades. And the Fed/ECB and banksters still want to reflate, targeting inflation because without it their paper is worthless. I call it biflation not to comment on it's sexual orientation, but to illustrate the two competing forces, the two worlds within our world that are struggling for control. And to show how those two competing forces simply can't co-exist

Wed, 12/07/2011 - 13:41 | 1955383 Mr Lennon Hendrix
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They will blow each other up into nothingness. 

Eat your heart out, Heideggerians

Wed, 12/07/2011 - 14:03 | 1955453 The Big Ching-aso
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Europe copying the US monetary model is like copying the Larry Summers dieting model to lose weight.

Wed, 12/07/2011 - 13:33 | 1955351 sangell
sangell's picture

Might be more of a 'Gustav Line" to protect Germany from attack via Italy!

Wed, 12/07/2011 - 12:57 | 1955179 J 457
J 457's picture

Would this not be bullish for US markets?  And especially US banks....At least short-term until the bill comes due.

Wed, 12/07/2011 - 13:13 | 1955256 slaughterer
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Just publish these articles in the German original, we can all understand.  We are, after all, all Germans now.

Wed, 12/07/2011 - 15:56 | 1955828 Ghordius
Ghordius's picture

Nationalization, at least as threat, from 2012 on, too keep them in line.
So the German banking system becomes political - more then the French, about as the Italian in the old days...

Wrote so months ago - this is the locally preferred solution. Not new at all, only scandalous for Anglophone ears.

It is seen here (from experience) as safer as just opening the spigots á la Ben&Timmy.

I agree, It removes uncertainty from the system and assures liquidity for the banks. And they might get political scrutiny.

Wed, 12/07/2011 - 12:46 | 1955108 gojam
gojam's picture

The UK did it 3 years ago too.

It stops the weak in the banking herd from being identified (but tars all)

Yet another signal that Big Preparationsare being made..............

Wed, 12/07/2011 - 12:48 | 1955129 GeneMarchbanks
GeneMarchbanks's picture

Germany will guarantee war in Europe, forget Iran.

Wed, 12/07/2011 - 12:53 | 1955154 TheSilverJournal
TheSilverJournal's picture

Do you think your country is any better? When fiat collapses, politicians will be pounding the pavement for a scapegoat..and war is the ultimate scapegoat.

Wed, 12/07/2011 - 13:02 | 1955197 LawsofPhysics
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The WORLD is no better shape thanks to globalization.  You act as is infinite growth has ever been a real option.  No one, and I mean NO ONE is addressing the real structural problems OR prosecuting the fraud and upholding the rule of law.  Where have all the adults gone?

Wed, 12/07/2011 - 13:15 | 1955262 hedgeless_horseman
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The US distressed banks were temporarily distressed during the 2008 financial crisis.

Hey, Angela, this American hopium is some goood shit.  Try some?

Wed, 12/07/2011 - 13:46 | 1955397 Caviar Emptor
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The adults resigned in 1980. Hate to say it. All seduced by the promise of something for nothing

Wed, 12/07/2011 - 13:04 | 1955216 GeneMarchbanks
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'Do you think your country is any better?'

What does that have to do with anything?

'When fiat collapses, politicians will be pounding the pavement for a scapegoat..and war is the ultimate scapegoat.'

Again, not about fiat. It's about selling off Europe to the PDs...


Wed, 12/07/2011 - 13:19 | 1955285 LawsofPhysics
LawsofPhysics's picture

"Again, not about fiat. It's about selling off Europe to the PDs..."


There it is, the real frontrunning trade right now is to bet on the primary dealers, the war machine, and accumulate physical assets of real value, including PMs. 

Wed, 12/07/2011 - 13:16 | 1955272 Motorhead
Motorhead's picture

The Anglos will guarantee war more than likely.

Wed, 12/07/2011 - 12:52 | 1955148 Hmm...
Hmm...'s picture

almost all big banks ARE weak.

there are relative stronger and relative weaker banks, but among the big players they are all weak.

even if there were a big bank, they are tarred anyway due to opaque financial transactions.  You can look as pristine as the wind, but that's all for naught if you'fe dealt with too many insolvent counterparties.

I'm not sure I can name a big banking player that has rock solid balance sheet AND doesn't have hordes of ties to failed TBTF institutions.  can you?  because I'm happy to learn of one. 

Wed, 12/07/2011 - 13:05 | 1955193 gojam
gojam's picture

"almost all big banks ARE weak."

I can't argue with that but no bank will openly ask for it because they'll be targeted and if it were in anyway selective the same would happen.

In the UK 3 years ago every bank made "sincere" complaints that they didn't need it (all took it)

Wed, 12/07/2011 - 13:15 | 1955269 Scalaris
Scalaris's picture

"..but no bank will openly ask for it because they'll be targeted and if it wre in anyway selective the same would happen."


I'm guessing that some are feeling quite thankful for those constantly revolving doors, which let bank advisors/faux politicians do their "thing" then.

Wed, 12/07/2011 - 18:51 | 1956603 smiler03
smiler03's picture

"In the UK 3 years ago every bank made "sincere" complaints that they didn't need it (all took it)"

 I might be wrong but not all banks DID take it. From

"However, of these, Abbey, Barclays, Clydesdale, HSBC, Nationwide, and Standard Chartered have chosen not to receive any government money,[12] leaving Lloyds and RBS as the only major recipients."



Wed, 12/07/2011 - 12:45 | 1955116 AngryGerman
AngryGerman's picture

Yeaaaaahhh, state money for my bonus!

Wed, 12/07/2011 - 13:17 | 1955277 Motorhead
Motorhead's picture

You can't be too angry, AngryGerman....nice little pic there...lots of "Holz vor der Hütte".

Wed, 12/07/2011 - 12:45 | 1955117 bigdumbnugly
bigdumbnugly's picture

ja.  you shall take zee bailout und like it!

der bitchez.

Wed, 12/07/2011 - 12:49 | 1955124 DormRoom
DormRoom's picture

shadow banking hours away from collapse, just like under Paulson. 


The debt spice must flow.

Wed, 12/07/2011 - 12:54 | 1955156 GeneMarchbanks
GeneMarchbanks's picture

EUtopia cometh. Fucking Geithner, I blame Obama for this shit. Good luck implementing this in all of Europe.

Athens riot can was small potatoes.

Wed, 12/07/2011 - 13:11 | 1955248 Spastica Rex
Spastica Rex's picture

When do we get real riots in the US? Occupy is lame.

Wed, 12/07/2011 - 13:15 | 1955264 GeneMarchbanks
GeneMarchbanks's picture

Ha, not soon it seems. America isn't even close to simmering and it has been four years now...

Wed, 12/07/2011 - 16:53 | 1956112 Totentänzerlied
Totentänzerlied's picture

Come now, the Marxist-Socialist revolution isn't gonna fight itself, it's fun to watch the serfs repeat their ancestors' mistakes in perpetuity.

Wed, 12/07/2011 - 12:47 | 1955125 SheepDog-One
SheepDog-One's picture

Next year? Looks like that Santa Claus rally is fading.

Wed, 12/07/2011 - 12:48 | 1955128 LawsofPhysics
LawsofPhysics's picture

More "feet to the fire" moves by the one world government mouth pieces.  "Accept the serfdom or else!"

Wed, 12/07/2011 - 12:48 | 1955130 Banksters
Banksters's picture

I'm sensitive about German jokes.   

Wed, 12/07/2011 - 12:49 | 1955133 AngryGerman
AngryGerman's picture

come on, don't be a jew!

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