This page has been archived and commenting is disabled.

Here Is The First Post-ESM-Decision 'Nein' From Germany

Tyler Durden's picture




 

German FinMin Schaeuble has been on TV for the last 30 minutes explaining the 'bailout' reality to the ugly mob that is the German taxpayers. Less than 12 hours after the German Constitutional Court rejected complaints against the ESM - though added conditions capping German indebtedness - it seems the need to explain the limited 'unlimited' liability to the people is high. To wit:

  • NEIN - "No country in Europe" can hope for the ECB to "fire up the money printing press," Schaeuble says. Germany "will make sure that it doesn’t happen"
  • NEIN - *SCHAEUBLE SAYS ECB DOESN'T HAVE MANDATE TO FINANCE STATES
  • NEIN - *SCHAEUBLE SAYS ESM CAN'T HAVE BANKING LICENSE
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 09/12/2012 - 14:56 | 2786883 PrintingPress
PrintingPress's picture

Print me up some popcorn this is getting good!

Wed, 09/12/2012 - 16:03 | 2787202 FL_Conservative
FL_Conservative's picture

For a minute, I thought Herman Cain was involved here somehow.

Wed, 09/12/2012 - 14:58 | 2786889 Mercury
Mercury's picture

We want a shrubbery! or two...one on each side and made of gold...with a little path up the middle...

Then we will talk of this money you want...

Wed, 09/12/2012 - 14:58 | 2786897 insanelysane
insanelysane's picture

Nein, I don't think that word means what you think it means.

Wed, 09/12/2012 - 15:26 | 2786899 williambanzai7
williambanzai7's picture

CLOUD NEIN!

WOLFGANG SCHAEUBLE CLOUD NEIN VINTAGE VERSION

Wed, 09/12/2012 - 18:12 | 2787641 fiddy pence haf...
fiddy pence haff pound's picture

Lick my nein

Wed, 09/12/2012 - 15:00 | 2786908 LongSoupLine
LongSoupLine's picture

No one could have predicted this...no one!

Wed, 09/12/2012 - 15:03 | 2786913 Fecklesslackey
Fecklesslackey's picture

1.2905 ... Does any 'news' really matter? Or is it just some big 'Cluster-Fk' that is used to distract from real issues?

Wed, 09/12/2012 - 15:06 | 2786930 Haager
Haager's picture

The latter.

Wed, 09/12/2012 - 15:20 | 2786977 knukles
knukles's picture

What real issues?
Nobody of any importance anywhere is acting responsibly, addressing the "real issues."

 

Papers, please versus Birth certificate, please

Wed, 09/12/2012 - 15:08 | 2786937 CPL
CPL's picture

No this the signal flag for QE3 to happen.  Europe has been fairly lackluster in the screwing of it's peasants.  China wants it's pound of flesh.

 

China will get it's pound of flesh no matter what men in cardinal clothing say.

http://www.forbes.com/sites/gordonchang/2012/09/09/beijing-to-bernanke-b...

 

 

Wed, 09/12/2012 - 15:09 | 2786946 xtop23
xtop23's picture

Since algos are basically the only thing trading in this market ...... I guess the answer is .. sorta.

Wed, 09/12/2012 - 15:21 | 2786986 knukles
knukles's picture

Algos please

Wed, 09/12/2012 - 15:03 | 2786915 Conman
Conman's picture

He should ahve jsut simucasted the iPhone 5 launch to the fine german people.

Wed, 09/12/2012 - 15:05 | 2786919 Bam_Man
Bam_Man's picture

Talk, talk, talk - that's all this is. Keep the grumpy majority from getting too restless.

Don't pay any attention to what they SAY, look at what they DO.

One by one, every "rule" and "restriction" ever placed on Eurozone member states' finances has been BROKEN and/or completely disregarded.

Remember how according to the Maastricht Treaty, Eurozone governments were "prohibited" from running budget deficits in excess of 3.0% of GDP? How many years ago did that "rule" get thrown out the window in the name of political expediency?

Wed, 09/12/2012 - 15:21 | 2786993 knukles
knukles's picture

Every time with the Germans it's "Talk...  Vee vill make you talk."

Wed, 09/12/2012 - 18:33 | 2787682 Colonel Klink
Colonel Klink's picture

Too bad Vee didn't zink of vater boarding or else vee vould have found Hogan's tunnelz.

Shultz!!!!

Wed, 09/12/2012 - 15:07 | 2786935 hannah
hannah's picture

the german people wont do anything til AFTER they have lost everything...then they will be pissed.

Wed, 09/12/2012 - 15:22 | 2786992 magpie
magpie's picture

The thing is the magic trick works this time, because the German people will disappear into the European Union. or the ESM.

Wed, 09/12/2012 - 15:31 | 2787038 PontifexMaximus
PontifexMaximus's picture

They are 80 mio., they even do not care at all. Germans want to go to Urlaub, have the Curry- or Weisswurst and a Mass of beer and then they are happy. So who the hell cares. Sorry hardly forgot the Bundesliga.

Wed, 09/12/2012 - 15:08 | 2786938 Tirpitz
Tirpitz's picture

"it seems the need to explain the limited 'unlimited' liability to the people is high."

Those traitors are just covering their lower sitting areas for the oncoming elections. In the meantime the German Michel keeps dreaming on in his sweetest slumbers.

Thu, 09/13/2012 - 04:18 | 2788517 Terp
Terp's picture

Yes they are covering their asses, but it won´t help them in the end.

 

The Michel IS waking up, slowly - but he is.

The next helping of furor teutonicus will be served to our ruling class...bet on it.

 

Wed, 09/12/2012 - 15:08 | 2786940 Jason T
Jason T's picture

Summon Rudy Von Havenstein

Wed, 09/12/2012 - 15:08 | 2786942 PaperBear
PaperBear's picture

They need to understand that no means no.

Wed, 09/12/2012 - 15:09 | 2786945 buzzsaw99
buzzsaw99's picture

Schaeuble: You see, I understand you men were just playin' around, but the mule, he just doesn't get it. Course, if you were to all apologize...

[PIIGS Laugh]

Schaeuble: I don't think it's nice, you laughin'. You see, my mule don't like people laughing. He gets the crazy idea you're laughin' at him. Now if you apologize, like I know you're going to, I might convince him that you really didn't mean it... [/A Fistful of Euro]

Wed, 09/12/2012 - 15:10 | 2786953 banksterhater
banksterhater's picture

You can't have your cake and eat it too! You Germans are RECKLESS FOOLS!

Wed, 09/12/2012 - 15:12 | 2786959 Tirpitz
Tirpitz's picture

The success of intense re-education and the Morgenthau plan.

Wed, 09/12/2012 - 15:10 | 2786955 scatterbrains
scatterbrains's picture

and with that is the NQ 100 failing it's break out ?

Wed, 09/12/2012 - 15:11 | 2786957 ParkAveFlasher
ParkAveFlasher's picture

<<< Kaiser/Weimar/Hitler karma kleansed

<<< Kaiser/Weimar/Hitler karma kontinued

Wed, 09/12/2012 - 15:13 | 2786962 ArrestBobRubin
ArrestBobRubin's picture

When Nein in reality means Ja: turn this spigot on, they'll be no turning it back off.

The German People are plenty right to be pissed. They just had their future stolen and given away.

Again.

Wed, 09/12/2012 - 15:18 | 2786969 Urban Redneck
Urban Redneck's picture

If he was serious he would throw out a threat to sieze the collateral already posted, or the real nuclear option, Buba withdrawals from the ECB, before agreeing to additional funding.

Wed, 09/12/2012 - 15:51 | 2787143 rubearish10
rubearish10's picture

They will never take action against the power of FIAT! If I could only sell snow in the winter.

Wed, 09/12/2012 - 16:03 | 2787203 Meremortal
Meremortal's picture

The great crash has been delayed again. Hell, at this rate, I may grow very old and die before it hits. Poor Germans, sold down the river...

Wed, 09/12/2012 - 16:08 | 2787226 Boilermaker
Boilermaker's picture

Sure.

Where have I heard this sabre rattling bullshit before? 

They'll roll over.  But, it helps in not getting blamed later.

Wed, 09/12/2012 - 16:28 | 2787307 wagthetails
wagthetails's picture

big gov't.   There German people has as much control over there gov't as citizens of the US do. 

I'm not  a conspiracy theory guy, but i can see why the gov fans the flames of OWS.  they know OGOV is the final solution. 

Wed, 09/12/2012 - 19:08 | 2787745 Coldfire
Coldfire's picture

It's a good thing the history of Europe is not written in blood.

Wed, 09/12/2012 - 21:44 | 2788026 honestann
honestann's picture

!!!!! EVERYONE !!!!! in every government on earth is totally corrupt at this point.  Okay, maybe that's an exaggeration.  Maybe there are still 3 or 4 honest people in government in the entire world.  Maybe RonPaul (leaving government), Daniel Hannan (active), and... seems like there's one more I forget.  But that's about ALL.

Wed, 09/12/2012 - 21:54 | 2788039 honestann
honestann's picture

These scumbags just gave the people of Germany an extremely good reason to rally behind a modern version of Hitler (anyone who promises to turn off the drain on their financial blood).  Wich is a purely rational form of nationalism - desire to stop being screwed.

Brilliant plan, EURO-jerks!  You'll achieve the exact opposite of what you claim to achieve (but exactly what you probably want - more wars to feed your bankster and MIC coffers, and kill off what you consider useless humans).

Thu, 09/13/2012 - 01:04 | 2788373 Brit_Abroad
Brit_Abroad's picture

Bingo

That is it.

I could have fucking exploded yesterday. I was so mad. Fucking traitors.

I felt like a sane man locked in a bloody madhouse

Thu, 09/13/2012 - 04:14 | 2788516 Terp
Terp's picture

Guess who else?

My BP is still rocketing when I think about it, and I didn´t even expect any other outcome.

 

Fuckers.

 

And yes Ann, I think you are probably right.

Thu, 09/13/2012 - 09:47 | 2789224 Anasteus
Anasteus's picture

Nein, nein, nein, nein... no way!!!

Yes way, dude. The game is over.

Do NOT follow this link or you will be banned from the site!