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Ireland: "Germany Is Our New Master"
Not only is Germany at the epicenter of the Italian-Spanish-French save-us 'discussion', they have now managed to add Ireland to their 'Uber Alles'. Reuters is reporting the leak of confidential Irish budget information by German lawmakers and Irish parliamentarians are seething - viewing the leak as 'incredible' and 'unprecedented'. Given the new laws, Germany now has the right to be fully informed about bailout countries' progress before new tranches of funds are paid out. As the Irish Daily Mirror put it perfectly "Germany is our new master."
Reuters: Ireland cries foul after German budget leak
The Irish government has complained to European partners after confidential budget information shared with its EU-IMF lenders was leaked by German lawmakers, sparking a political storm at home.
The media and opposition reacted furiously at the fact that the details of the December budget were presented to German lawmakers before their Irish counterparts, heightening fears that its EU-IMF bailout has undermined Irish sovereignty.
"Germany is our new master," ran a banner front-page headline in the Irish Daily Mirror. Opposition leaders in parliament described the leaks as "incredible" and "unprecedented" and demanded the government explain.
New German laws give its parliament the right to be fully informed about bailout countries' progress before new trenches of funds are paid out and Ireland's main opposition party led cries Germany was now calling the shots in Europe.
Germany is pushing aggressively for EU treaty change to create tighter fiscal discipline across the bloc and a spokesman for its finance ministry said there was a clear procedure allowing parliament to see confidential documents belonging to countries in EU/IMF programmes.
...
The leader of Ireland's largest opposition party said voters were entitled to an explanation of why the information was given to European partners before Irish lawmakers.
"I think it will be damaging in the sense that it plays to a narrative that Germany is calling shots all over Europe," Fianna Fail leader Michael Martin told Reuters.
"It will damage sentiment towards Europe and that is a problem."
And someone still thinks that this uber dysfunctional Europe can become a federal union?
It is evidently clear that sovereignty is indeed blurring at the edges - cue Nigel Farage.
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Except their need for a bailout.
and except the UK is having none of it...
tgif
how ironic that what Germany could not achieve through war, it has achieved through banking.
Who was it that said that central banks are more dangerous than standing armies?...because this European fiasco certainly seems to prove that sentiment right beyond a shadow of a doubt.
Deuchland Uber alles!
http://www.youtube.com/watch?v=BBfYncHshJc In case you need a little review of history. Now all you Europeans are screwed. You will serve the Deuchland FOREVER!
I take it that "all you Europeans" means you live in America...., and who will you be serving soon?
You are one stupid SOB
Perhaps Ironic is the wrong word to describe this. "Chilling"? "Terrifying"?
"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President.
Please, Tylers...someone...we need a new Hitler in the bunker video to celebrate!
Germany wins WWII, FINALLY!
Actually Germany never wanted a war. Germany wanted an access road (through Poland) to it's eastern territories. This road construction was actually approved by the Polish govenment and then the approval was retracted.......I could go on and on but it's clear that no one is interested in the facts here.
Was it the same road France wanted to travel in 1812?
Europe deserves to be taken over Germany for their plain stupidity. If guns didn't work in 1939 financial blackmail certanly did in 1999. Who would of know that Think Tank is way better than regular Tank!
1812 ? I don't think so....but nice try douchbag!
No. GS wins WWIII without a shot fired.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8...
Germany may rule (or own) all of Europe...remember?
"Deutschland Uber Alles."
The Huns, they're either at you neck or at your feet.
I can hear the dogs of war starting to bark.
meanwhile, in iceland, THE BANKSTERS ARE BAAAACK!!!!!!!!!!
a more permanent solution is required, the undead always come back...
Wooden stake to the heart. Always works for me.
Hmm.
Link us in - I'm aware of the pro-Euro camp [irony: the largest paper who is seemingly "anti-EU integration" has an EU flag on it, not to mention that I'm fairly sure I saw the new Thor ship in port decked out with the flag as well - ooooh, think we didn't spot that? Although, it might have been a different one, seen at distance], China / foreign cash snapping up geothermal & land, and Krugman's vain attempt to point out that joining the Euro at this point would be "a bad idea", but have you new information?
Guess I need to go trawling.
Germans and Irish make the best looking kids
I always heard it was the Italians and the Irish..., go figure.
Ever been to Sweden or Denmark?
A Swedish night club versus a English night club
Where would you want to get l*id?
http://www.slideshare.net/www.naguissa.com/swedish-versus-british-nightclubs
Why should Ireland (or any other democracy) have confidential budget information? Such information should be public.
"Such information should be public."
We agree.
Sincerely, the CIA.
Cue up The Tubes, What do you want from life? http://www.youtube.com/watch?v=Fgjfi1DU1mQ
http://www.youtube.com/watch?v=lYBfpsV5dKA
Can someone please explain to me how I can get my free Twilight poster too?
Euro to 1.40 in a week.
the 99% of us have the power to stop all this madness! billions of us, hundreds of them!
http://www.youtube.com/watch?v=ENCkTnID2rs&feature=player_detailpage
pfff the UK's financial City controls Ireland now with another bunch of banks, including *gasp* german banks. Including Hypo Real Estate AG, which is huge, and has 10,3 billion euros outstanding in Ireland (source: The Telegraph)
http://www.hyporealestate.com/eng/
this cultural issue, dragged out of the grave, is nothing but an ancient "divide and conquer" strategy, which, since putting them under a technocrat Brussles umbrella obviously didn't go over too well with creditor nations (duh!), will be the next phase of this takedown of the european countries... one by one.
Critical is that the public is kept in the dark during the boom years, or accepts corruption is a "cultural trait" which will not result in disaster: https://www.youtube.com/watch?v=vkOjw89vLTc
"Evil german rulers boo, etc." If you don't see through that, as an irishman, you're hopelessly lost.
And they are... they have no one to blame but their own politicians who "guaranteed the bad debt" in 2008. (which was step #3 after the runup of debt, and collapse of credit)
As germany's society was pressured to give up souverign rights, but didn't budge... suddenly, the NATIONALITY of the bank involved is a problem? For the first time in this crisis? I smell a pathetic rat.
And mr. Farange, as clear as he is on some things, how hopelessly nationalistic he is on others. In itself not a problem, nationalism, I'd see it as character trait first, but if he REALLY thinks this is a national issue, of country vs. country, he's very much mistaken. It's what kept europe divided this nationalism, but is also a source of strenght, since culture functions as a cohiesive "glue" of society. And now, after they've wrecked the european union's financial structure, and trashed our rights (on paper), the bankers want to take us all back to 1914, the brink of war?
http://www.foxnews.com/images/340337/0_61_061009_mole_rat.jpg
Farange is ABSOLUTELY right on one thing though: who is to blame?
The European Commission, and european technocrats in general. THEY facillitated the run up in the naïve years a decade ago. That is when the damage was done, they knew and didn't lift a finger. Everyone piles on europe as that it's such a bad construct. It's not really. It's become a house of cards because rules were not followed, and treaties signed but not kept. The few whistleblowers were ignored. And everyone partied, while the trap ws set. I'd propose that it must be determined that these civil servants, whose job it was to do administative work, not to provide legislative functions, are, where the wall of "fortress europe" was breached.
I mean, you can't blame Berlusconi to be a first class asshole, that's just what he is. And he's elected. In Ireland it was Lenihan, but the effect is just the same. JUST DON'T GIVE GUYS LIKE THAT UNLIMITED RESOURCES.
oooops too late...
"He who pays the piper, calls the tune."
Suppose that Ireland and other countries balance their budgets as the Germans are requesting. Then they wouldn't require any additional loans to run their governments. So at that point, why shouldn't they just default and save themselves the interest payments? Especially if most of the debt being defaulted is owed to other countries?
At the start of this crisis the government of Ireland had less debt than the German state of Hessen, they were in effect debt free. They still would be had they not promised to honor the banksters gigantic theft at German and French gunpoint, and even then when the time came they were refusing to accept a euro bailout but were threatened with expulsion. Iceland had just recently held a referendum in the Icesave catastrophe and British, German and Dutch banks got the finger from the people, TPTB deemed that a contagious event and decided Ireland would not be allowed to follow suit. The bailouts forced on Ireland benefit not one person in Ireland, the funds go directly into German and French bank accounts without ever seeing the Emerald Isle. In the meantime the people are being raped over the coals of indentured servitude and if they needed any proof at all it is this story that the Irish government submits it's internal workings to the Germans for approval before the people are allowed to know what is coming at them.
IRELAND... WAKE THE FUCK UP! GET OUT WHILE YOU STILL CAN!
The Irish made their bed, and now can sleep in it. Maybe it would have been better if the German and French banks were not there to give the irish the helping hand they needed. It's easy to blame the hand that feeds you.....just don't bite it!
Fuck you Ray Ray, the Irish will default on the forced German bailout debt and then we can all say the Germans made thier own beds they can sleep in that shit. Bite it and bite hard, asshole!
You must be some seriously deranged person....no, it must lie on your upbringing. Obvious low self esteen.
What a deuchbag you are!
Two great lines from FT bloggers today.
“For you Enda ze spending ist over”
“Herr Kenny your papers are not in order"
The Brits are loving this Dark Irish Comedy.
free twilight posters, BiCheZ!!!
Fucking German CUNTS!
It would be nice if Irish would drop their VAT to counter germany one of around 7% ex: precious metals, but no, Irish cant even f*cking save what little they have. But hey, the biggest issue in Ireland recently was If they gonna have first gay president, this country is so f*cked up .... its beyond belief.
In the meanwhile Iceland which more or less started all of this with the Icesave fiasco and then held a plebiscite to approve the default on Bankster blackmail does now have a lesbian head of state. Maybe the Irish should have elected Norris after all.
Go tend to your potatoes leperkan!
You flaming asshole, it is LEPRECHAUN. You are such a worthless piece of ignorant shit Ray Ray.
Deuchbag...did I hit a nerve?
We sure hope the German Cunts are Fucking.....
Be a shame if they were not.
Who's your Furor (I mean dady) !
I think it's Fuhrer but very funny!
Why is everybody dissing Germany? They've been the slaves of Western banking and the victims of Western aggression for well over a hundred years. They bought Europe, fair and square. And the people who've been taking their money all this time now have the audacity to complain? Germany will finally take its rightful place as the cultural and technological powerhouse of Europe, unless the West conspires to murder them again...
The same hundred years where they tried to militarily conquer all of Europe twice?
Pitiful command of European history
Last hundred years? try last 1000 years...but who's counting
eeeeehh sure, but preceding to WW1 the German empire was starting to become real competition to the British.
Also look at this guy, as a contrarian to the policies which in WW1 and WW2 both led to the defeat of the germans. Who killed him? Where did this organisation come from? By whom was it supported? WHO BENEFITTED?
http://www.firstworldwar.com/bio/rathenau.htm
IMHO giving this crisis a nationalistic identity is like painting a moustache on a killer drone. It looks great, but serves NO functional purpose other than it's a diversion tactic.
Nice hit, although you didn't quite understand what you were saying - The Aesthetics of Destruction.
They train young men to drop fire on people. But their commanders won't allow them to write fuck on their airplanes because it's obscene...
Now we allow messages from above on missiles, and phone snap-shots of torture - because there is no moral outrage you can't spin away.
...perfect. genuine. complete. crystalline. pure.
http://www.youtube.com/watch?v=xNRBajLM8_4
preach it brother!
Im poor, please send me some monies to my account. Thank You.
PS Beggars go with technology you know. I dont beg on the streets, that is unhealty!
I still recall the umbrage of the Irish press taken at less than discrete visiting Eurotechnocrats who managed to save the continent's banks with an imposed rescue-package dubbed "the Oliver Cromwell package" !
Germany is tone-deaf. Where is the popular touch? Merkel reaching out ot Ireland doesn't cost anything yet pays high dividends.
Germany cannot affoef for Ireland to 'belly up' except to the bar.
Irish legislators must decide what they want. If they are going to carry on w/ euro project they shold keep their mouths shut and quit crying like children whose teeny egos are bruised. Being in the euro-zone means sacrificing sovereignty.
The alternative for Eire is to suck UK dick for the rest of history.
BTW: Nigel Farage, for all of his entertainment value does not add anything useful to the discussion. The euro fails and all Europeans will feel the pain in their wallets inlcuding Nigel.
@Steve
Ireland has merely a choice of Dicks to ...........
The fact is the Sterling Zone is a more optimal currency area from which to operate and we did not do so badly when we were cut a bit of slack in the 60s & 70s
This is not good whatever way you cut it.
Just came back from looking at pictures of my Liliputian city before the Great war and after.
There was great wealth in the city before and not so much afterwards.
If we get a second collapse of a currency union as in 1914 then we must try to survive and do a deal with the BoE - such is life for a small country between America , Britain & Europe.
But before a deal is struck we must put up a fight - otherwise any deal done will rewild this country.
Germany wants a unified financial framework for the EU, and they're getting it via these controlled BK events, and also will be in the driver's seat of said framework.
Well that's sorta handy, isn't it.
An industrialized nation with lots of factories and output and a need to keep workers' Unions happy should have a much easier time once they can dictate during contract negotiations on all the products they sell to the world. Hey Ireland, you really do want what they have to sell. Right? Germany is locked in, single-vendor FTW, you know that right? And German tourists and vendors can pay you in DM instead of negotiable EU currency right? Because Ireland belongs to Germany now.
Right? You okay with all that?
Great! Carry on.
Who would even want Ireland...certainly not Germany. Germany can plant and grow it's own potatoes.
The only way Germany will ever be self sufficient is if it learns to eat Gypsies, Jews, and Turks. I always loved my car, but reading your words makes me ashamed to drive a BMW.
I am surprised that you were even sold one.
Well duhhhh........
Wonder Why the US is pulling the Iraw troops out early? The Russians deploying warships to protect their port? US moving on Burma and Australia to choke off China shipping lanes...
And this:
Time to start watching the Taiwanese press I think. Attempts by the PRC to annex Taiwan would probably be the excuse for the start of the next world war, the one we all die in.
piss off sir, i'm going for a pint
The Bismarck is not unsinkable - they produce high cost machinary and cars , the rest of Europe can break them if they really want a confrontation.
They have only survived this long because all that malinvested credit was turned into Bunds.
The Irish can survive on Milk , spuds , butter and Stout.
The French on Bread, cheese & wine
The Italians on Pasta , olice oil and Gucci.
But No Guts No Glory as they say.
booo....hoooo!
No Kerry Gold for me...what a cruel world!
people, this is all going according to script! like every book, movie, there are villians and heroes! now, replace germany, with the next US president who will save the world from crises, planned well in advance. we humans by nature, fall for it every time!
The global bankers and the politicans can march together in lockstep all they want to, but their survival now depends on the willingness of the common people to fund their bankrupt existence. The question is how much longer will the people impoverish themselves to benefit the few at the top?
Kind of off-topic but whatever...
Kind of a Draghi ...
http://www.youtube.com/watch?v=_W4mRH0aQiQ
Couldn't help it... You Tube linked me up...
The Left Banke...
http://www.youtube.com/watch?v=wEkmZ2LVy-s&NR=1
So the Irish ghave traded the English for Germans ... brilliant!
I guess 100 years of independence was too much to hope for.
What time do the protests begin tomorrow? Additonally, what time does the molatov entree start?
Ah yes, the German-Vatican 4th Reich is coming just as I believed it would. Dumping Euros, buying Marks. Head for the hills you London banker bitchez, your days are numbered.
See, now that's the thing right there. If London were not a financial center, it would be Greece #2. The British have nothing left ....Empire /Colonies gone, money from the Colonies spent. England is on the verge of disaster! Oh sorry, can't ruffle those stuck up wanna be, has been's can we. No let's all pretend that they still have something to say......smile and send them on their way again.
Want to insult an Englishman? Tell him that the royal family (The Windsors) are Germans.
I knew there was a reason why I want them exterminated.
Why would the truth be an insult?
The Kaiser was Queen Vicki's grandson. Windsor was just a made up name from one of their castles.
http://german.about.com/library/bltrivia_windsor.htm
"The House of Windsor
The Windsor name now used by Queen Elizabeth II and other British royals only dates back to 1917. Before that the British royal family bore the German name Saxe-Coburg-Gotha (Sachsen-Coburg und Gotha in German). Why the drastic name change?
The answer to that question is simple: World War I. Since August 1914 Britain had been at war with Germany. Anything German had a bad connotation, including the German name Saxe-Coburg-Gotha. Not only that, Germany's Kaiser Wilhelm was a cousin of the British king. So on July 17, 1917, to prove his loyalty to England, Queen Victoria's grandson King George V officially declared that "all descendents in the male line of Queen Victoria, who are subjects of these realms, other than female descendents who marry or who have married, shall bear the name Windsor." Thus the king himself, who was a member of the House of Saxe-Coburg-Gotha, changed his own name and that of his wife, Queen Mary, and their children to Windsor. The new English name Windsor was taken from one of the king's castles.)
Queen Elizabeth II confirmed the royal Windsor name in a declaration following her accession in 1952. But in 1960 Queen Elizabeth II and her husband Prince Philip announced yet another name change. Prince Philip of Greece and Denmark, whose mother had been Alice of Battenberg, had already Anglicized his name to Philip Mountbatten when he married Elizabeth in 1947. (Interestingly, all four of Philip's sisters, all now deceased, married Germans.) In her 1960 declaration to the Privy Council, the Queen expressed her wish that her children by Philip (other than those in line for the throne) would henceforth bear the hyphenated name Mountbatten-Windsor. The royal family's name remained Windsor."
You know the royal house of Saxe-Coburg and Gotha was/is by another Anglo name the crown of England and thus all that England ruled, as much as a quarter of the planet, only to change their name in WWI because of bad press over anything German, it was a PR move, they did change the name but of course the genetics are the same. Look up the history of ANY European nation, principality, county, or power and you will find a Saxe-Coburg Gotha. And they do like to keep it in the family, Queen Elizibeth II married Prince Philip another member of Saxe-Coburg and Gotha.
Also ruled Bulgaria, at seven Simeon was appointed Tsar of Bulgaria and as an adult ran the country as the Prime Minister 2001-2005. Simeon Borisov of Saxe-Coburg and Gotha ... http://en.wikipedia.org/wiki/Simeon_Saxe-Coburg-Gotha
Grand Duchess Maria Alexandrovna of Russia (later Duchess of Edinburgh and Duchess of Saxe-Coburg and Gotha; 17 October 1853 – 24 October 1920) was a daughter of Alexander II of Russia and Empress Maria Alexandrovna. Maria became the wife of Prince Alfred, Duke of Edinburgh, the second son of Queen Victoria and Prince Albert.
From 1893 until her death, she had the distinction of being a Russian grand duchess (by birth), a British princess and royal duchess (by marriage), and the consort (and later widow) of a German sovereign duke.
The Greek Royal Family was a branch of the House of Glücksburg
Present status
All members of the former royal family are living abroad; Constantine II and his wife, Anne-Marie and unmarried children currently reside in London.[3] As male-line descendants of King Christian IX of Denmark the members of the dynasty bear the title of Prince or Princess of Denmark; this is why they are traditionally referred to as Princes or Princesses of Greece and Denmark.[3]
The extended members of the Greek royal family are:
On and on, go ahead, look up any European nations history and you will find this family. And taDa the winner is Doña María del Rosario Cayetana Fitz-James Stuart y Silva, 18th Duchess of Alba de Tormes, Grandee of Spain , she holds 46 seperate titles.
...current head of the House of Alba and the third woman to carry the title in her own right. The Duchess is a descendant of King James II of England, VII of Scotland, through his illegitimate son James Fitz-James, Duke of Berwick (1670–1734), born of a relationship with Arabella Churchill, only sister of the Duke of Marlborough, making her a distant relative of both Sir Winston Churchill and Diana, Princess of Wales, descendants of Arabella's daughter Henrietta FitzJames. She entered Vanity Fair's International Best-Dressed List in 2009.
She was born at the Palace of Liria - where died in 1920 l'ex-impératrice Eugénie - on 28 March 1926, as the only child of the 17th Duke of Alba (a prominent politician and diplomat during the 1930s and 1940s), by his wife Doña María del Rosario de Silva y Gurtubay, 9th Marquise of San Vicente del Barco in her own right. Her godmother was Queen Victoria Eugenia of Spain.
The matriarch's supreme title is Duchess of Alba, but she has more than 40 others.[1] According to Guinness World Records, she has more titles recognized by an existing government than any other noble in the world.[2]
Titles
Billions and billions upon birth, nice work if you can get it eh? This is what America was is and always will be up againts.
FeralSerf.....I Thank You for posting the details!
Jesus you are an asshole Ray Ray!
F Y !
All these PIIGS shoulod default rather than become slaves... even tho the dumb drunken micks (and the dumb "in the rear" greeks and the dumb oily dagos) all do need a master... so Heil McHitler! or is it Hitlerandeau? Or Hitlerini?
They prefer to be slaves as long as they can continue to get government benefits.
No, they should do what they are doing, buy time and take all they can from their slave masters before filing chapter 7 and defaulting on all foreign debts. In spite of one piece of shit poster on this thread that hates Ireland with a passion Ireland has been fighting for freedom since Britain enslaved them more than 900 years ago, there is no other place on the goddamned planet that has refused to buckle longer than my own Ireland.
Few of you ever heard of Leon Uris let alone read his history of Ireland, but Ireland was a peaceful rural farm country with no central government or king, tribes ruled, and tribal leaders that would occasionally go off their rockers or try to establish a central power over the land were the rule, yet so many generations went by with no foreign problems. Proximity to England though meant those that opposed the English king often fled to Ireland. Ireland as a nation state dates it's origin to the arrival of Saint Patrick. That was roughly the year 387. By the way, that was before the fall of the Roman Empire.
Ireland was a nation long before Germany, even before England. It could even be argued that at the time Ireland became a unified nation there were no other nations in Europe. That would make it the first post Roman nation. Hundreds of years of occupation do not mean a nation is not still it's own essence. I would like to see the USA taken over by China and we will see after almost 1000 years if there is anything left of it. The Irish have had to deal with more than any other nation on the planet to stay what they were. From before the fall of Rome to this day Irish are Irish. By contrast the 7th most popular name for boys in Germany last year was Mohammed (including all spellings of that name). Sixth in Britain by the way. Kind of like Juan or Jose in the US.
Economics is not a part of multiculturalism. It will never be. Nationalism is what it is. In Germany that meant a master race of Germanic Aryans. In Ireland it means leave us be.
Free Twilight poster, bitchez!
http://www.youtube.com/watch?v=wpNk860pTO4
Oh those pesky leaks where the people voting actually know the truth. and people wonder why wikki is needed.
Germany should be smart enough to see that just like America, just because you fund the nonsense, doesn't mean you get to call the shots.
You have to admit that accomplishing that without shooting too many people is pretty cool.
Next up? China purchases the USA! "Very affordable," comments Wen. Film at 11:00.
beautiful, Ian, F-ng beautiful... I laughed so hard and so suddenly that i scared the pis out of my assitant
Ben Down....
Meet Phil MyCrackin
Now Ben Way down and Phil MyCrackin
Slaves Bitchez....Ben Down.....
Sieg Heil
libertarian86.blogspot.com
Hard to believe your lender might want to impose conditions on a loan. So primitive.
Tell it like it is!
TELL IT LIKE IT IS? How fucking pithy of you Ray Ray. Great wordsmith you are, tell it like it is, an argument for exactly what you fucking retard? Flaming asshole. Small dick and no manners, what is Europe coming to?
Hard to believe a nation would be held at gunpoint to repay "loans" given by German banks that the banks knew could not be repaid. Ireland had no external debt till Cowan agreed to make private bank debt owed to German banks part of soveriegn debt. I say flip the goddamned bird to Germany and German banks, the ECB, the IMF tell the troika to fuck someone else because they will not get a penny out of Ireland.
So what is the problem? I am a Finn. Ready to deploy with Germans. Let's have a DUST UP YOU AMERIKANERS AND ENGLANDERS!
Last time I checked Ireland was neutral! Even pay the respect for Hitler.
So how did it work out the last time you deployed with the germans to fight a war. Kinda cold in Petrograd, isnt it?
Petrograd's not too cold if you're used to Helsinki.
If the supposedly more historical-minded, "metal savvy" europeans are not buying pms hand over fist now, they never will.
What are they waiting for? To see "it" in the headlines?, (the indisputable obliteration of the euro and associated mayhem).
This will never work out, not even a .00001 per cent possibility.
Trust me....the Germans are very experienced in currency reform / devaluation. They are the most aggresive buyers of Precious Metals currently because they know whats coming.
Yes, Germany is going to be the German economic master because the Germans, unlike unaware Americans, are not going to pay for something that they are going to lose. The Germans got where they are by being frugal, fiscally safe and productive. They are the economic dominate player. Hopefully, unlike Americans, they will not allow the globalists to uproot and relocate their manufacturing base for the benefit of the multinational corporations.
The euro zone is nothing without Germany. If the German people decide they don’t want to pay to play, there is no euro zone.
It’s also important to remember that it is not the German people speaking here, anymore than it is the American people speaking in the U.S.; it’s the bankers speaking. It’s Paul M. L. Achleitner, the newly appointed supervisory board chairman of Deutsche Bank AG speaking, –i.e., Goldman Sachs.
Achleitner was Vice President, Mergers & Acquisitions of Goldman Sachs & Co., New York, from 1988 to 1989 and a partner of Goldman Sachs Group from 1994 to 1999.
Deutsche Bank CEO Joseph Ackermann abandoned a plan to become supervisory board chairman in 2012 “because Europe’s debt crisis hasn’t given him the time to win shareholder support,” according to Bloomberg.
As the head of the largest private bank in the euro zone, Ackermann recently was named the “most powerful banker in Europe” by the New York Times, while the recent head of the ECB, Jean-Claude Trichet was ranked one of the five most powerful people in the world by Newsweek Yet neither Jewish banker, according to The Times, was elected to run the economy. “Yet, together, they do.”
Here are the first 11 of “35 Facts About The Gutting Of America’s Industrial Might That Should Make You Very Angry,” by The Economic Collapse.
The following are 35 facts about the gutting of America's industrial might that should make you very angry....
#1 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years.
#2 Sadly, it looks like this trend is picking up momentum. During 2010, an average of 23 manufacturing facilities a day were shut down in the United States.
#3 Since 2001, the U.S. has lost a total of more than 56,000 manufacturing facilities.
#4 According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
#5 The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
#6 Back in 1979, there were 19.5 million manufacturing jobs in the United States. Today, there are 11.6 million. That represents a decline of 40 percent during a time period when our overall population experienced tremendous growth.
#7 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#8 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of all jobs in the United States are manufacturing jobs.
#9 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#10 The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.
#11 All over the United States, road and bridge projects are being outsourced to Chinese firms…
http://theeconomiccollapseblog.com/archives/35-facts-about-the-gutting-of-americas-industrial-might-that-should-make-you-very-angry
"#8 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of all jobs in the United States are manufacturing jobs."
So what? Back in 1800 90% of all jobs in the U.S. were agriculture, now it's about 5%. Does that mean we now suck at agriculture and import all our food? Obviously not.
In other words, that oft-quoted stat is meaningless in itself, because it doesn't take into account automation, which of course has grown by leaps and bounds since 1970. The only meaningful stat is amount of goods produced, not number of jobs.
Same principle is true for pretty much all those stats, by the way. The number of manufacturing jobs, manufacturing facilities, etc. matters not a whit in terms of our economic health. What matters is how much we produce relative to other countries.
That stat of course is also bad, given our trade deficit. But if you want to fix a problem you have to correctly understand it. And "create more jobs" is not correcting the problem. We had very low unemployment in 2005 too - but certainly not a healthy economy by any means. It was hugely sick, we just didn't know it yet (well - 99.5% of people didn't know it yet. Some did.)
Andrew Liveris in his book Making It in America addresses the sustainability point.
Book reviewer William Marmon: “Beyond the obvious truism that a country cannot increase exports if it does not make things to export, Liveris argues a less well-understood dimension of the challenge, explaining that a country that innovates products and then hands off the production to another country to manufacture will wind up seeing the next generation of innovation come from the country that does the manufacturing. In his words, neither innovation nor exports can be sustained for long by a country such as the U.S. that “does innovation and then offshores the actual production process.”
BTW, the agricultural example does not apply because the agricultural resources , that is fertile land and ideal climate conditions, cannot be exported.
In regards to the other points, it seems to me to be a waste of time to defend the truism of the obvious, such as that the loss of manufacturing does not affect U.S. sustainability and standard of living.
"BTW, the agricultural example does not apply because the agricultural resources , that is fertile land and ideal climate conditions, cannot be exported."
Actually no it does apply, exactly because agriculture jobs can't be exported (for the most part). My point was that a big decrease in jobs in a given sector doesn't mean that the jobs were exported; the agriculture sector proves that. It may just be due to the jobs simply disappearing due to automation.
However I definitely agree that manufacturing jobs have been exported, and that it can lead to innovation also being exported (especially in China's case, who is a known stealer of technology - I've witnessed this firsthand).
My point was that you can't use a decrease in job numbers to make this case.
I will though say this - offshoring in and of itself does not decrease the standard of living of a country. An analogy would someone hiring a neighborhood kid to mow their lawn. That's outsourcing. If you're in a situation where the time you spend on the work you do is more valuable than the time you would spend doing more menial things (like manufacturing, or lawn mowing), then it's worthwhile to outsource the work; you're better off.
That is assuming all other things being equal (which they often aren't - e.g. the technology stealing). And it also comes with some risk - e.g. if the neighbor kid moves away and you can't find someone else to do it, and you had sold your lawnmower - now you have to pay the cost of buying a new one, and retriain yourself in how to mow the lawn. In the case of China etc - if we ever went to war with them, we'd have a big problem in trying to spin back up our manufacturing base; a temporary problem (if it didn't actually cause us to lose the war) but a problem nonetheless.
Same principle applies to virtually everything you pay money for. Going out to eat? You're outsourcing your cooking. Buying food at the store? You're outsourcing that production, rather than growing it yourself. Buying clothes? Outsourcing. Buying computers? Outsourcing. Etc. etc.
Today, only 9 percent of all jobs in the United States are manufacturing jobs."
And half of those are flipping burgers or deep frying potatoes.
And other half is for military purposes.
And what do the Irish do for a living? Most are call centre peons working (for peanuts )for American employers.
What else "can" they do? Nothing.
So British are you asshole? That explains why you so intimately hate the Irish, we are the only nation to stand up to you for a thousand years and still be able to speak our own tongue. Guess what bitch, Ulster is ours too and the day the last bobby is sent back to London is not far off.
Hmmm.... You really seem upset, must be your low self esteen, or poor upbringing?
p.s. if you read any of my posts ( and understood them) pea-brain, then you would know that I am neither British nor German. Nor do I hate the Irish, I forgive you.
The Germans got where they are by being frugal, fiscally safe and productive.
And by melting down the dental work of their slave laborers and other victims, looting the continent.
Oh I get it ......the dental gold and looting was enough to sustain and grow a powerhouse economy.
All the while Germany continues to pay (to this day) dearly for the mistakes of the past generation.
Your envy of Germany is obvious and vulgar.
Such simpleton thinking is what keeps you Irish from achieving anything of substance. Thats why the Irish will always be the brunt of jokes. Go back to watching your potatoes grow! Loser
Better yet, go back to your loser "call centre job" (like so many of you) and hope that your American employer doesn't decide to outsource your job to India!
Eurogold, as usual you open your mouth and confused WRONG things come out. I am a dual citizen in the USA and Ireland/EU, born and living in America and am comfortably retired. But, I will say I do hope in turn your Chinese bankers and employers treat you with exactly the respect and fairness you so love to dish out to others.
I am in the software / IT industry and am earning quite decent money, Thank You for asking. Here on the continent....believe it or not, there are ways to make money without ingratiating oneself to someone of another nationality, or having to immigrate to another country
One would think you asshole British could at least learn to spell center, or liter, or meter, like the rest of the whole world, it was your language once upon a time after all. Ah, but you lost control of that to the Americans as well yes? I think it very funny that English is now the domain of your American betters. Ride'em cowboy, time to put Europe down again!
Envy of Germans? What is to envy? Their strict upbringing and religion of obedience? You are talking about a people that followed Adolph Hitler into annihilation and the deepest degradations humans can possibly stoop to, there is nothing to admire or envy there. And those who made the jokes about the Irish were the American elite Protestant which sought to exclude them from immigration even as they raped the Irish as slave labor in the states. Nothing to envy there either unless one desires a smaller dick. The fact that Irish did come to America with nothing and prospered is a testament to their ability and ethics, neither of which you would know anything about.
And Eurogold, you are really good at tossing about personal attacks, why is that? In my experience people who behave as you do are victims of abusive upbringing and have pathologically low self esteem issues.
O.K. Boiltherich...I will entertain you. Since you were the one attacking the Germans, and can't bare to hear an opposing response.
It is easy always easy to attack the Germans for what happened in the past and I don't even want to get into those poor Irish who were sooo successful in the U.S.......as what ...corrupt cops? Firemen? or crooks? Wow!
Or maybe you are referring to the bootleggers?
You started with the attacks not I.
Thanks for your diognosis of my childhood and self esteen. Totally wrong, but I understand your position, you are nothing more than an Irishman who recognised, like so many that there is no future in the land of your heritage. Sorry you or your family couldn't make it back home.
The hash you "on the continent" have made of things I should think you would be embarrassed to open your ever wagging jaw. I attacked nobody, no person, no people in general except to give what I was getting and but for those who support failed leaders and gangsters. Note I was the first to attack that idiot Taoiseach of Ireland Brian Cowan who allowed himself to be bullied by the Troika into making a national debt of bankster profits. I do not dislike the German people because in fact the solid majority of them disagree with their own government re bailouts and economics at this point. As to you, the viscious and pointless falsehoods and "jokes" you have made and repeated at the expense of Irish everywhere are a testiment to your upbringing, and though you live on "the continent" as you say please don't get too pissed off when I in future simply refer to you as Ray Ray.
So sorry you feel you have to refer to me at all in the future. I obviously hit a nerve.
I will leave you in the illusion that the U.S. is doing "just fine economically" and that the EU is going under.
I too have dual citizenship (one being the U.S), and have lived for over 20 years in the States.
My upbringing was very comfortable.
I am sorry for ...infact generalizing about the Irish. You simply provoked me with your misguided comments,
and felt I had to attack you.
I will leave it at that.
Ray Ray, goosestep into history with your bullshit, everyone here at ZH that has read your words and mine passed judgement long ago, look at the up arrows for me and the down arrows for you and ask yourself if you might not have a problem meds could help.
FYI, boiltherich, relating to pluses and minuses. Nearly 70 years after WWII, settled conclusively as to the winners and losers, the Nazi comments have become synonymous with Zionist propaganda in western countries.
The Germans got where they are by being frugal, fiscally safe and productive.
German Debt/GDP: 85%
Largest TBTF (Deutsche Bank) leverage: 40:1
Largest TBTF Assets/German GDP: 80%
Funny what passes in today's world for "frugal, fiscally safe".
Government external debt of the Republic of Ireland December 2006 was 26 billion, about the same as Iowa. Per capita that was just about enough to buy a jet ski for every citizen. Contrast that with American or Japanese government debt, or any other country you can name, it was one of the most balanced nations on the globe until that fool idiot Cowan announced his government would back all Irish bankster debts, and geuess why, because the fucking bitch in Germany told him it would be so. By that time banks had borrowed 676 billion euro, "other sectors" had borrowed another 520 billion euro.
NOTE: GOVERNMENT borrowing by the people of Ireland was 26 billion. TOTAL. To repay that would require about 100 euro per household over 20 years with interest. By contrast German national debt is 90% of GDP.
The Irish debt in 2006 was nothing at all, they could have repaid it in one year with a 2% rise in VAT, now they have a 2% rise in VAT but on far larger debt, it will never be repaid. That far larger debt was not the nation of Ireland borrowing, it was debt forced upon them by Frankfort and the ECB. Bank debts.
Look for yourself and don't forget to red arrow that bastard limey eurogold. http://www.cso.ie/releasespublications/documents/economy/2006/externaldebt_q42006.pdf
Thanks for the tip deuchbag!
"Give me control of a nation's money supply, and I care not who makes its laws."
- Mayer Amschel Rothschild
Umbiegen Herr O'Doyle.
(Bücken Sie, Herr Doye?)
Google translate sucks.
""Give me control of a nation's money supply, and I care not who makes its laws."
- Mayer Amschel Rothschild"
WHo you gonna call?
Lord Rothschild.
99 problems and the german bitch is one!
Who said big brain doesn't give you more power!
http://upload.wikimedia.org/wikipedia/commons/thumb/6/6e/Msc_2009-Saturd...
Hi. My name is Angie from the German government and I'm here to help you.
My name is Ireland and I'm a debtaholic...
My name is Mario and i'm here to fix the printing press
My name is Jules and I am here to surrender.
I would bitch yet again that Ireland was debt free till the asshole Taoiseach agreed to honor private bankers debts, but nobody is listening anyway, and I was hoping you could lend me a fiver for a couple pints.
Well at least they got a free Twilight poster.
Wait. I thought Goldman Sachs was in charge. You mean it's Germany. I'm slow on the uptake here.
There's a war being fought...
It´s official.
DOW to be down 100 today.
Bück Dich, befehle ich Dir.
Re Irish Budget given to Berlin.
Leapin' Leprechauns! What next - corned-beef & sauerkraut?
There is an economic war being fought. Most people don't notice. This war doesn't look like an action/adventure movie. It's not a combat video game. There is no reset button. History is repeating itself. The wealth transfer is following the same old pattern because it consistently works. Nations enslaved by debt are managed to the maximum benefit of their masters.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/