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Guest Post: First Anti-Euro Protest In Front Of The ECB
Submitted by The Prudent Investor
First Anti-Euro Protest in Front of the ECB
Watching politicians and bankers bickering over a Euro rescue on the back of Eurozone taxpayers for more or less 2 years by now, a group of Germans has staged the first protest in front of the headquarters of the European Central Bank (ECB) on Tuesday.
Some 100 protesters, organized by the fringe Partei der Vernunft (Party of Reason) held up banners with two key demands: "Raus aus dem Euro" (Out of the Euro) and "Stoppt die Schuldenunion" (Stop the debt union), according to a report by German daily FAZ.
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| Raus aus dem Euro - Germans protest against the Euro and a European Union of debts in front of the ECB in Frankfurt. |
This is a historic moment as it represents the first organized democratic resistance against the common currency that has led to the UDE aka United Debts of Europe.
Recent surveys show that 77% of Germans resist the creation of the European Financial Stability Fund (EFSF) and its highly undemocratic successor ESM (Euro Stability Mechanism). The German parliament will vote on the ESM on September 26 and due to heavy losses of the small liberal coalition partner in latest regional elections chancellor Angela Merkel must be less than certain to get a successful vote on an instrument that would put Germany into the top position to pay for the long profligacy of the weaker Euro members. The strategy of paying thy neighbours debt has never worked in history.
It's now Down to 2 Choices
The growing bifurcation of opinions among Eurozone politicians and the general populations cannot be overlooked anymore. Europeans are taxed to the hilt, suffer from economic conditions where all the freshly digitized money reaches the financial industry but never the real economy and are fed up with an increasingly undemocratic EU apparatus where the few sane voices in the European Parliament (EP) like Nigel Farage are ignored by autocratic decisions in the unelected European Commission and the EU Council.
While politicians have busied themselves in the last 2 years with a string of weekly emergency meetings in 5-star locations - ironically preaching austerity - debts have seen only one way: up.
Either Germany Leaves - Or Greece Exits First
We are certainly very close to a major event that will mark the beginning of the disintegration of not only the Euro, but of the EU itself.
A steady stream of rumors whose reliability is difficult to estimate tells this blogger that Austria, Finland, Germany and the Netherlands have already printed local currencies and could exit the Eurozone within the remainder of September, leaving the mess created by profligate southern Eurozone members behind them.
An exit of the (not so) strong aforementioned 4 countries will be complicated due to 12 years of monetary integration and would be a strong signal that European unity in debts has nowhere further to go.
This possibility would be a strong setback especially to France, whose egomaniac leader Sarkozy wants to avoid descending from his status as an equal partner vis-a-vis Germany at all costs.
For this reason we can rule out to find a harmonic solution of the insurmountable debt problem in all countries not only of the Eurozone, but the EU as a whole.
Flirting with money from China or Russia, which surprisingly announced today it would buy the dreaded Eurozone bonds the ESM wants to issue, will not be on the cards either. China, faced with more domestic problems than one can count, and Russia are not in the position to squander their money on a bankrupt EU without risking heavy internal opposition. Both countries are far behind the (crumbling) infrastructure of the old world and have enough to do on their respective home territories.
This leaves the other option of a non-voluntary Greek exit, that can be expected any day given the stress in the system and its inability to access capital markets due to prohibitively high interest rates north of the 100%-mark.
As this is a first in modern history nothing can be ruled out from this moment onwards.
End of the Euro is also End of the EU
France and Germany will then be faced with the completely different task of not only digesting billions (or trillions?) of PIIGS debt that will have to be written off to a very large degree, but also the challenge of holding together a European Union whose only common denominator are debts on all levels, public and private.
I have intentionally avoided any figures in this post as we are now in the third year of bad 'surprises' by cheating Eurozone members. The volume of this mess will only be discovered in national bankruptcy proceedings and bank liquidations.
Finding a lot of bank analyst 'research' in my inbox that suddenly mention the coming end of the Euro in its current form, I do not deviate from my earlier forecast Euro Until the Endsieg. The end of the Euro was also correctly predicted 11 months ago in this blog: 20.10.2010 - The Day the Euro Started Dying.
The Swiss Franc is No Safe Haven
Readers are also probably better off in the medium and long term by abandoning the illusion that the Swiss Franc is a safe haven. The Swiss economy depends very heavily on its financial sector that contributes at least 12% to domestic GDP. A world of several 100 million investors cannot find a safe haven in the currency of a 7 million people. As the old adage goes, "one can hedge 100 million but not one trillion", the Swiss franc cannot shoulder the mistakes of the rest of the world.
All dissolutions of monetary systems ended in economic hardship, wars and revolutions. This time will be no different.
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Only one hundred people? I guess you have to start somewhere.
It's a pyramid scheme.
Is that Geithner handing out "we will never be downgraded" leaflets?
Nah, he's too busy showing Strauss-Khan how to avoid a few hundred thousan euro tax bill.
RAUS!
AUS DEM EURO!
Don't worry. A bud of mine told me all is quiet outside of the NY Fed.
The sheople sleep tonight. Like every night.
Question.
Anybody up for the protest on saturday the 17th or is this the wrong crowd to be talking to?
https://occupywallst.org/
If "Prudent Investor" invests as it "sees" EU - it will go broke before Christmas.
EU is not breaking up. I will take bets on it. In silver.
Step right up, sir.
http://www.intrade.com/v4/markets/
Thanks for the reminder of Intrade betting (ie. crowd-sourced, as opposed to partisan polls):
Romney to be Repug nominee = 38.7%
Perry to be Repug nominee = 37.7%
Ron Paul to be Repug nominee = 2.9%
Obama to be re-elected = 50.1% (FFS!?!)
Bumma is toast ..history ...dead meat ..a mega suicide-socialist joke splattered on the windscreen of history ..next
So Barry has a non statistically significant greater than 50% chance of getting re-elected?
I like those odds!
Obama will get re-elected. Then "they" will elect a women president. Then, having fully discredited the minority-vote (yes - wimmen see themselves as a minority which must be granted special rights), they will try The Tame Dictator - wich will be foiled by the real thing.
Someone skilled, crafty, efficient, connected and ruthless, the American equvalent of Putin.
Only one hundred is all that is off work right now. They'll take shifts while the balance works to pay the debt off :p
It said Party of Reason, there's only so many over there.
The fed shelled out $7.7 trill to recap us banks and no one protested...I'm not even sure the sheeple know.....all we did was bitch about the NFL lock out. Germans get props for torching some Mercedes and getting 100 people together.
I think this protest may have far more than 100:
Occupy Wallstreet September 17th seems to be a growing initiative
https://occupywallst.org/
Only one hundred people? I guess you have to start somewhere.
Of course you have to start somewhere. I guess if the demonstration had wider publicity, the police would need to close the streets. Of course TPTB try to hush it up, lucky for us there's still freedom of speech in Europe. Unless TPTB admit the eurozens are completely fed up with kowtowing to banksters and trying to drag on status quo, I think I'll give it a month at most and the place should be massing people. Add facebook to the equation, and it'd be no surprise to get Tahrir square right in the middle of Europe.
Now if politicos of the major parties understood the political suicide they're committing, things would surely happen much faster. The way things go, I'd say good bye to establishment, welcome to right-wing populist nationalism.
I just wish they would finally get on with the task of facing the debt.......writing it off.....and getting on with rebuilding a more sound money policy. But they won't....they will let it fail catastrophically and ensure that their favored few can front run the whole thing. When its over, someone please turn out the lights.
That's an old adage?
about 90 years ago...
It started shortly after greenspan got into the printing business.
party of reason , shit i wish we had that in america. all we have are demopublicanlibertariansocialistteabaggeroonies. i mean the left and the right.
You forgot the "Green" party nod.
They've all sent me into a state of political atheism. I don't believe in any of them.
Look up their party and use Google Translate. They're libertarians.
If they do euro bonds or some other German backdoor bailout, get ready for jackboots and goose-stepping. Those Germans will go ape shit.
Pissing Germans off is a bad idea, but the ECB is going straight at them.
ya, the Germans are Hard. Core.
http://www.youtube.com/watch?v=f4K6ZxDwi34
Hey cool. I liked that. Thanks for the link.
Rammstein is hard....makes the rappers look like the pussies they really are.
I dunno they rage a lot and make cool videos, but if you consider that 50 Cent (curtis jackson) was shot 9 times, survived, then went on to make millions, that seems pretty tough to me- and in the real world not posturing as part of their act.
Only 3 times, sorry.
http://mediatakeout.com/5870/busted_50_cent_lied_about_being_shot_9_time...
ya, wir sind hard core, versuchen Sie nicht, unser Geld stehlen, bitchez
I've visited the gas chambers. They should put them back into use for a final final solution; to not go after the jews this time but the real culprits! The bankers (many of whom may or may not also be jewish)
They're starting to connect the dots over there...
We just do not get it yet in this country. You see all the trash on television, the crap people watch and what they buy and you would think it is 2005 again.
We're going to need stuff to burn for the winter.
You can always count on Nigel to give them a good rodgering.
Yes, but he never kisses them when they are done. A nice shag and - bugger off!
Those protesters will be treated as "terrorists" by the banking cartel. I was wondering whether or not the ECB would be set on fire by themselves?
... organized by the fringe Partei der Vernunft (Party of Reason)...
People used to refer to the "lunatic fringe". These days we are left with the "rational fringe".
good point
Can't understand why they resist paying the Bankers' Losses? The Olive Nation's Parties, and so on......
Odd.
The financial treaty of versatile....
Somebody tell these idiots to protest via Twitter like the rest of us
Anyone see the article where Obama and company blame Bush for Solyndra? Man up for once!!!
http://abcnews.go.com/Blotter/solyndra-blame-bush-obama-officials/story?...
Did they mention the Bush admin shelved the thing for being flaky?
check it out rodent. they are just about ready to break ground on a brand new huge military hospital complex in san antonio
http://www.mysanantonio.com/news/military/article/First-contracts-awarde...
me thinks that war will be going on for a long time to come. looks like they are betting on this.
Imposing martial law is not without blow-back injuries.
No mention of it whatsoever
C'mon hedge funds, support the Germans, time to knock down the non German EUR's notes. Greece needs to go, throw in Italy too...I love SPain, but they better get their sh*t together.
I travel to Germany many times per year on business and I've found Germans to be incredibly polite and reserved in how they express their opinions openly. For Germans to publicly demonstrate in such fashion is stunning. I have yet to meet a German in Germany who support the Greek bailouts. I suspect this is only the beginning of the organized demonstrations. Hopefully the police and military are not employed to quell the uprising, then all bets are off.
€uroblivion
don't worry folks. little timmie is on his way to the eurozone to help them......
100 people? Just goes to show. The sheep have been succesfully indoctrinated. There will be no resistance. The filthy animals will beg for their enslavement. DIE SHEEPLE DIE!!!!
I disagree. In fact, I think it shows that they are far more educated/aware than our citizenry.
What percent of the US even KNOWS what the Federal Reserve is not to mention what it does, where it's located etc.
The Amerikan cattle are the most docile. They line up at the debt trough with more obedience than any of the other cattle. You can see it their dumb little greedy eyes. Just flash a 0% APR "consolidate your debt" credit card and they sign on the dotted line, and play shell games with their $30000 credit card debt that's bigger than thier salary. Hey 0% APR "We're rich! Let's buy that Jet-ski!" ... too fucking dumb to even read the 22% rate that kicks in after the 1st year, let alone what the Federal Reserve is. And the worst part:: Their vote = Your vote.
Good Luck. DIE SHEEPLE!! DIE!!!!
I agree that American public is a bunch of sheeple that have little knowledge of monetary policy, inflation, the fed etc and initially it makes me angry as well but when you stop and think about it for a minute how could they/we not be? We're talking about public that has been deceived in every way possible. Their source of knowledge up until the development of the internet was a choice between two different newspapers... if they were lucky to even get that. How many of us would have any idea how the system works if we weren't able to share and access knowledge over the internet? They certainly don't teach this kind of stuff in the classroom and all television is owned by a small group of people pushing the same agenda.
I do think that the public is waking up. It won't happen overnight or even before its too late but I definitely see a shift in the way people are pursuing information. It's just a shame that things are this bad already.
It would be ironic if Russia got Europe after all visa vi gold and energy back bailout money.
With it's Natural Gas Pipeline,
Russia has Europe by the balls.
I posted earlier today here ZH that Germans needed to not be sheep and get out and protest and now this...............................coincidence?
No this is probably becasue that pissy corpse guy told nigel that people rioted in england and they weren't in the eu. And greece riots no matter what. So therefore the eu is fine.
I wonder if they take over a weak political party and start flying the German version of the Gadsden Flag.
Skull and Bones III
Save yourself Germany. They will bring you down. Norway looking like the smart northern country now.
Perhaps more than just burning Mercedes...which for Germany was big.
yes the norwegians have sent out a message to the armys of invading muslims and jews
Just how bad is it out there?
http://www.youtube.com/watch?v=PmGyNfqH2FE
.
I'm sentimental, if you know what I mean
I love the country but I can't stand the scene.
And I'm neither left or right
I'm just staying home tonight,
getting lost in that hopeless little screen.
But I'm stubborn as those garbage bags
that Time cannot decay,
I'm junk but I'm still holding up
this little wild bouquet:
Democracy is coming to the U.S.A.
http://www.youtube.com/watch?v=vHI9BTpGkp8
The stench of a rotting civilization is in the air.
Soon the vultures will descend.
http://www.youtube.com/watch?v=2OlCnPKr4Q8
We've been saying this for months now. Seriously, I'm beginning to wonder if it is ever going to happen.
You need to give the people something to distract them and keep them from protesting. I did not protest tonight while I was watching Hulk Hogan's MCW (Micro Championship Wrestling) and drinking beer.
What a well behaved little group.
This is what happens when you don't have a 2nd Amendment.
Guess what Amerika? You're next.
Until some BIS/IMF/ECB/FED wonk(s) is lynched on an overpass, or shot at close range at a traffic light nothing will get better.
Guess what people? The "debts" are held by the big banks. Seize the banks for national security interests and cancel the fake derivatives, debt bondage and capricious fees in the name of the people.
Will our future be a democracy of human beings or a "dem"-ocracy for Corporations and their fascist interests?
And to the secret police morons huddled in some fusion center looking for white educated under-employed American Al Qaeda, you and your family are just as disposable as the dancing skeletons of Africa, the indigenous people of Chiapus, or the sweat hogs in the Pearl River Delta and Us. Keep connecting the dots because eventually you will figure out you are enforcing the slow deaths of your own family.
Fucking brilliant. Create a martyr by killing some dipshit functionary and call it revolutionary. Go back to mommy's basement and stop airing this right wing populist bullshit.
Or, hey, you go first and see what your shitty murder spree gets you.
If this catches on, Oktoberfest should be interesting this year.
Merry Christmas.
Poor people got lost on their way to Munchen for Oktoberfest ... Damn bus tour was probably sponsored by the ECB.
I don't think disaster's gonna strike. In a few months at best, this will all be forgotten and everyone can smile about. A conversion in the midterm could go like this: "Do you remember, all the panic about Greece? Woohahaha! "Bankrupt!" "Armageddon!" "Systemic collapse!" "Bankruns!" Woohahaha! A good joke it was. And nothing happened after Greece going under! Defaults were just what was needed. Stocks rose, gold and silver went down because of all the relief. The euro rose after the defaults, man, there was a run into it! The strong countries kept it and it's stabile ever since. A new boom is coming and the PIIGS can compete better than before."
The solution is simple: Introduce the Euro Lottery. Everyone buys a ticket and the winners get 10% back. All politicians in favor, private participation, no more protests. Hell, the Chinese could buy a billion tickets and Angela smiles pretty like a modern day Mona Lisa.
I understand it is a ponzi scheme. I see very clearly how the media trumps up crap in order to affect the markets. I have heard one thousand and one SOUND reasons as to why the EU will crumble. The only thing I haven't seen is the actual crumbling. I have heard rumors of the crumbling and the bankruptcies.
All that is required is some really bad news out of the US (usually referred to as a false flag) and all of a sudden "Oh wow, Good thing we had the Euro! It isn't tied to any one country, what a great idea!" bla bla bla. Sure it isn't connected to any one country (Germany), it is designed to enslave without any means of recourse. Like anyone in America has any recourse anyway........ different story.
Point being manipulation can take many forms and serve many sides. Reality hasn't stood in the way of bankers for centuries. I understand you may not agree with me and vote this post "down" about a zillion times but TPTB want these massive unions and 100 protesters, just like reality over the past centuries, probably aren't going to stop them.
The only thing that can stop them dead in their tracks is about 1-2 billion people watching "The Money Masters" and Dr. Ferguson's "The Ascent of Money" (Bonds of War). This way people will finally stop falling for this media circus crap and begin to connect current events with the real motives. They are simple, truthful and probably the most effective way to provide a decent education in about 4-5 hours without the books, the digging, the research etc. All the sheeple would need is a computer and a few cups of coffee.
Sad thing is, with the Internet, this could happen within 1 day and yet....... ok back to the world destruction/implosion porn.
Current DateTime: 01:58:47 14 Sep 2011 LinksList Documentid: 24432486 Current DateTime: 10:47:05 14 Sep 2011 LinksList Documentid: 19746125 Expiration DateTime: 9/14/2011 10:48:05 PM FTSE, DAX, CAC Seen Sharply Higher on Greek Hopes
They didn't listen. Should have burned it down, then they'll have listened.
Made me laugh very loudly.
One funniest moment is when US citizens use their own propaganda to reinforce their core propaganda, dealing with their propaganda as if it was true.
A small band of peopl demonstrating against the Euro, it is going to reinforce the safety perception of the Euro as these people are so few they have to be 'lunatics'
Sorry, US citizens, your propaganda techniques are too old by now. Most people know them.
And treating your own propaganda as if it was true does not work either.
rumor: German GDP totally crunched = Eurobonds are history and Greece (they export oilve oil for F*cks sakes!) leaves the Eurozone, or Germany leaves. Total chaos ahead.
US indexes your time is due, 3days of rallies...you're done.
Long coffins, morgues, flies and maggots.
Love the picture with the big ass shiny bank in the background.
Wonder where the bank gets the money for such a nice pad?
I mean, most utility buildings are pretty spartan.
Someday the serfs will realize where all that money comes from.
pods
I also heard a few rumours that an order for the printing of new DMs had gone to a certain firm early last year, but, again, dunno how meaty this is.
But, if true, it does put another spin on the domino bailouts: it buys 'em time to get things sorted in this department, init?
can't let democracy get in the way of the elites. not an issue, I already know what will happen