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Merkel Says No European Shared Liability As Long As She Lives

Tyler Durden's picture




 

For. The. Win.

  • GERMANY'S MERKEL SAYS EUROPE WILL NOT HAVE SHARED LIABILITY FOR DEBT AS LONG AS SHE LIVES

Socialism better have a Plan B.

Gold, Silver, Stocks, Treasury Yields, and EUR all plunging...

 

and in the meantime, Spain and Italy yields push higher and Spain and Italy bank stocks plunge further...

Why is Merkel doing all of this? Simply. We have said it n times before... We will say it again:

Germany will continue pushing every peripheral country closer to the brink (which helps Germany courtesy of increasing pressure on the EURUSD, which benefits the only real net exporter and mercantilism beneficiary in the Eurozone - Germany - by now only absolute economic dilettantes don't seem to understand this) until such time as PIIGS (and then all the other formerly core - here's looking at you socialist "fairness doctrine" entrants) come begging for any scrap that whoever is in charge of Germany will be willing to hand them, in the form of a Debtor In Possession loan of course, and thus accretive to Bunds. If that means presenting their gold to the German Cash4Gold pawn shop under the guise of a Redemption Fund or whatever it is called, so be it. Unless of course, everyone keeps demanding that Germany bail them out. In which case Merkel will just unpack that brand spanking new shipment of DEMs and be done with it.

 

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Tue, 06/26/2012 - 11:09 | 2561614 transaccountin
transaccountin's picture

health accident 3..2..1.

Tue, 06/26/2012 - 11:10 | 2561620 quintago
quintago's picture

Now I'd hit it. 

Tue, 06/26/2012 - 11:12 | 2561630 Biggvs
Biggvs's picture

Yep, against impossible odds, Merkel just got sexy.

Tue, 06/26/2012 - 11:13 | 2561643 malikai
malikai's picture

I wish she would have said this two years ago.

Tue, 06/26/2012 - 11:29 | 2561718 Popo
Popo's picture

Stay out of hot tubs Angela.

We'd hate to see you get heartattacked...

Tue, 06/26/2012 - 11:36 | 2561742 flacon
flacon's picture

EUR: "Mutter! Mutter! Share your milk!"

http://tinyurl.com/7rq5s7q


Tue, 06/26/2012 - 11:36 | 2561752 Arius
Arius's picture

does she mean as long as she is PM or whatever she is ...

or this way sounds more dramatic ... i guess if she is removed from power not much she can do about it EVEN if she still alive is there ???

just asking ...

Tue, 06/26/2012 - 11:38 | 2561764 PhilB
PhilB's picture

She didnt say it!! This is just another crap rumor folks!. Be smart.

Tue, 06/26/2012 - 11:43 | 2561776 Rainman
Rainman's picture

Obeyme, temporary leader of the free world, commanded her to get with the program. How dare she defy His Gloriousness ?

Tue, 06/26/2012 - 11:51 | 2561823 PhilB
PhilB's picture

According to the irresponsible CNBC:

Germany's Angela Merkel was quoted as telling a meeting of one of the parties in her coalition on Tuesday that Europe would not have shared total debt liability "as long as I live".

The chancellor said there would be no shared liability of debt in Germany either - after her government agreed plans with federal states to issue joint "Deutschland bonds" - in comments reported by participants in a meeting with the Free Democrats (FDP), junior partners in her centre-right coalition.

Is that some crap reporting or what?! These people should be sued.

Tue, 06/26/2012 - 14:30 | 2562364 macholatte
Tue, 06/26/2012 - 11:14 | 2561648 bigwavedave
bigwavedave's picture

In a Maggie Thatcher kinda way....

Tue, 06/26/2012 - 11:17 | 2561655 Comay Mierda
Comay Mierda's picture

nah just a front. she has wet dreams of euro bonds, centralized treasury, and stripping EU nations of their sovereignty.  just trying to get popularity points now until the SHTF then she will change her mind and say she had no choice but to agree to euro bonds.  c'mon ppl, this is how lying politicians play the game!

Tue, 06/26/2012 - 11:59 | 2561863 YuropeanImbecille
YuropeanImbecille's picture

Sadly you are probably right... fucking evil bastards!

Tue, 06/26/2012 - 14:23 | 2562346 Curtis LeMay
Curtis LeMay's picture

Not this time.

She'd be dangling from piano wire on the Ku'damm if she gave into "debt pooling"...

And rightfully so.

Tue, 06/26/2012 - 11:17 | 2561664 Crisismode
Crisismode's picture

Does Plan B involve any kind of contract on someone in particular?

Tue, 06/26/2012 - 11:47 | 2561806 PhilB
PhilB's picture

This is europe, we have gone past plan B ages ago. We are now on Plan 9 (or Nein!)....from Outer Space of course.

Tue, 06/26/2012 - 11:20 | 2561683 bigkahuna
bigkahuna's picture

yesssssssss...indeed

Tue, 06/26/2012 - 11:22 | 2561688 rbg81
rbg81's picture

I bet she'd change her mind if Hollande would lower France's retirement age to 55 or so. [/s]

Tue, 06/26/2012 - 11:22 | 2561689 disabledvet
disabledvet's picture

"her logic is sound" indeed. "must have had a Secret Santa."

Tue, 06/26/2012 - 11:30 | 2561729 The Big Ching-aso
The Big Ching-aso's picture

 

 

Whew.  4 awhile there I was beginning 2 think she was developing a Merkyll & Hide personality.

Tue, 06/26/2012 - 11:57 | 2561851 YuropeanImbecille
YuropeanImbecille's picture

Jesus Christ! She will get JFK´ed by the zionist-satanists !

 

 

Tue, 06/26/2012 - 12:09 | 2561921 Stoploss
Stoploss's picture

Did she have a stroke??

Tue, 06/26/2012 - 11:14 | 2561647 SHEEPFUKKER
SHEEPFUKKER's picture

Last I checked, Germany sells debt.... I believe they are called Bunds. /sarc

The old bag likes her own debt, just not other people's. 

Tue, 06/26/2012 - 11:24 | 2561701 disabledvet
disabledvet's picture

And you must be debt free of course.

Tue, 06/26/2012 - 12:33 | 2562022 Matt
Matt's picture

Think about this if it were people. Your neighbour is telling you "I can't afford my mortgage, I'm going to let the bank foreclose and drag down the value of all the houses on the block, putting you underwater, if you don't co-sign a loan with me". Would you do it?

Tue, 06/26/2012 - 11:25 | 2561703 brooklynlou
brooklynlou's picture

Bingo. Why stop squeezing when they're still some assets to strip. Merkel won't relelnt till the last Spiderman towel is safely hid away in a German bank vault.

4th Reich baby! All your bases belong to us!

Tue, 06/26/2012 - 15:48 | 2562113 The Big Ching-aso
The Big Ching-aso's picture

 

 

Give Angie credit 4 having balls, boobs, & bravado.  She's Germany's Churchill in drag.

Tue, 06/26/2012 - 12:08 | 2561914 eatthebanksters
eatthebanksters's picture

Put some lipstick on it and get some strong perfume to cover the smell of pork...

Tue, 06/26/2012 - 11:29 | 2561714 deus x machina
deus x machina's picture

Angela, when you are working with GLOBAL PSYCHOPATHS  you don't want to give them any extra ideas!

Tue, 06/26/2012 - 11:42 | 2561777 Poetic injustice
Poetic injustice's picture

Is she trying to be European J.F.Kennedy?

Tue, 06/26/2012 - 11:57 | 2561853 rotagen
rotagen's picture

Its about time we finally got this global economic collapse thing going.  

I was getting bored waiting for the inevitable.

Tue, 06/26/2012 - 11:10 | 2561615 Newsboy
Newsboy's picture

Tough Love.

Tue, 06/26/2012 - 11:14 | 2561657 FL_Conservative
FL_Conservative's picture

That's no "turd" in the punchbowl, its full-fledged diarrhea.

Tue, 06/26/2012 - 11:10 | 2561616 Conman
Conman's picture

Solution - assasination?

Tue, 06/26/2012 - 11:10 | 2561617 Stuart
Stuart's picture

Hope Merkels takes trains instead of planes and helicopters.... just saying...

Tue, 06/26/2012 - 11:13 | 2561638 I Am Not a Copp...
I Am Not a Copper Top's picture

Right! Stay out of small planes Angela.  Seriously.

Tue, 06/26/2012 - 12:20 | 2561973 Treason Season
Treason Season's picture
November 29th, 2009

Via: Guardian:

Russia was tonight coming to terms with its most deadly terrorist attack in years after investigators confirmed that a powerful improvised bomb caused Friday’s devastating train crash in which at least 26 people, including several top government officials, were killed.

Among the named dead so far were several senior Kremlin bureaucrats, including Boris Yevstratikov, the head of Russia’s Federal Reserve Agency, anTarasov, also died.

Tue, 06/26/2012 - 11:10 | 2561621 virgilcaine
virgilcaine's picture

That gal has a big pair..

Tue, 06/26/2012 - 11:13 | 2561640 Dr. Engali
Dr. Engali's picture

gal?

Tue, 06/26/2012 - 11:30 | 2561730 Tippoo Sultan
Tippoo Sultan's picture

That has to be a Banzai job.

Tue, 06/26/2012 - 11:39 | 2561765 Spastica Rex
Spastica Rex's picture

Udderly ridiculous.

Tue, 06/26/2012 - 12:23 | 2561984 MsCreant
MsCreant's picture

Those are real. Her statement, dunno, but the tits caused controversy a while back.

Tue, 06/26/2012 - 11:44 | 2561788 derek_vineyard
derek_vineyard's picture

fix her face first

Tue, 06/26/2012 - 13:13 | 2562143 Zymurguy
Zymurguy's picture

Butterface... I'll need two bags though, one for her and one for me in case her's falls off.

Tue, 06/26/2012 - 11:10 | 2561623 GolfHatesMe
GolfHatesMe's picture

She just moved up in a lot of dead pools

Tue, 06/26/2012 - 11:13 | 2561624 Dr. Engali
Dr. Engali's picture

Ouch...You better have somebody tasting your food Angela.

Tue, 06/26/2012 - 11:41 | 2561771 slaughterer
slaughterer's picture

Don't eat in Italian, Spanish, Irish, Portugese, Greek restaurants for the rest of your life.  

Tue, 06/26/2012 - 11:11 | 2561626 CaptainObvious
CaptainObvious's picture

Well, Merkel has certainly showed she has an excess of balls.  Will she at least share those with the testicle-deprived leaders of Europe?

Tue, 06/26/2012 - 11:24 | 2561698 Winston Churchill
Winston Churchill's picture

Borrowd them from Thatcher.

Tue, 06/26/2012 - 11:26 | 2561707 disabledvet
disabledvet's picture

Perhaps she'll smoke a Winston...

Tue, 06/26/2012 - 11:45 | 2561798 azzhatter
azzhatter's picture

Would love to see her just beating the ever lovin' shit out of Von Rumpboy

Tue, 06/26/2012 - 11:12 | 2561627 CatoRenasci
CatoRenasci's picture

She has a death wish? Who knew?

Tue, 06/26/2012 - 11:11 | 2561628 CreativeDestructor
CreativeDestructor's picture

Respect

Tue, 06/26/2012 - 11:12 | 2561629 Itch
Itch's picture

Tape-bomb city!

Tue, 06/26/2012 - 11:12 | 2561633 bigwavedave
bigwavedave's picture

So... Nein means Nein (new t-shirt coming soon)

Tue, 06/26/2012 - 11:20 | 2561678 Nachdenken
Nachdenken's picture

unterschrift Angela

Print two (one for moi)

Tue, 06/26/2012 - 11:13 | 2561634 Stuart
Stuart's picture

Seriously, this basically leads to a path of bankrupting German banks too.   Perhaps then she will re-examine the implications of "nein", but it'll be too late.   If the revenues to cover the debt is not coming from German tax revenues, crank up the ECB printing presses.  That's all that's left... unless those other nations want to pony up their gold as collateral.

Tue, 06/26/2012 - 11:21 | 2561682 CrazyCooter
CrazyCooter's picture

You are thinking in the right direction. Merkel is badly underwater politically so this is clearly a move to tell people what they demand to hear. Hell, ZH loves it and they are approximately as logical as the German public.

However, she will not back up the rhetoric when it actually comes to policy that will sink said banks.

I almost posted on the France thread to say that Germany is doing financially what they have been unable to do militarily.

Everyone on ZH can bet their sweet ass the Germans plan to run Europes show in the near future ... and debt is how they are gonna git 'er done. Merkel is an key part of seeing said plan through to completion.

In other words, this TJ donkey show hasn't had any donkeys yet, but they are planned and those plans are not changing. Stay tuned to be either amazed or revolted ...

Regards,

Cooter

Tue, 06/26/2012 - 11:24 | 2561699 Nachdenken
Nachdenken's picture

The worst that can happen with this firm Nein - unemployment to 5.9%, deficit to 110/GDP and so on, the Germans can handle that, it is their Kur for their Kountry. 

The strangling Ja, this is the slow and terrible death for the Germans.

Tue, 06/26/2012 - 11:28 | 2561711 disabledvet
disabledvet's picture

"For Germany!" the Fatherland...is a Motherland?

Tue, 06/26/2012 - 11:12 | 2561635 YesWeKahn
YesWeKahn's picture

shit, she gives that a timeline.

Tue, 06/26/2012 - 11:13 | 2561636 101 years and c...
101 years and counting's picture

is there an InTrade line on her life expectancy?  I will put everything I have on the under!!!

 

Tue, 06/26/2012 - 11:13 | 2561639 Brit_Abroad
Brit_Abroad's picture

Oh dear...why do nice grassy knolls and book depositories sping to mind

Tue, 06/26/2012 - 11:28 | 2561712 brooklynlou
brooklynlou's picture

This is Germany we're talking about - they don't shooy their leaders. Someone will try to bring a bomb to a conference room and screw up badly ...

Tue, 06/26/2012 - 11:13 | 2561641 midgetrannyporn
midgetrannyporn's picture

Stay away from hot tubs Angie!

Tue, 06/26/2012 - 11:13 | 2561644 nobusiness
nobusiness's picture

Nothing sexier than a strong German woman

Tue, 06/26/2012 - 11:20 | 2561681 No Euros please...
No Euros please we're British's picture

Maybe one that shaves her armpits?

Tue, 06/26/2012 - 11:22 | 2561691 CaptainObvious
CaptainObvious's picture

You'll find her in the zoo, in the cage between the unicorn and the griffin.

Tue, 06/26/2012 - 11:14 | 2561651 JohnG
JohnG's picture

Funeral pre-announcement.

Tue, 06/26/2012 - 11:14 | 2561652 uhb
uhb's picture

obama nuking berlin in 3...2.....1.....

Tue, 06/26/2012 - 11:22 | 2561697 Lucky Guesst
Lucky Guesst's picture

He doesn't have the Angie sized balls. His approach would be much more cowardly.

Tue, 06/26/2012 - 11:39 | 2561736 Dr. Engali
Dr. Engali's picture

That's what drones are for. He can sit back and watch it on tv.

Tue, 06/26/2012 - 12:28 | 2562003 XitSam
XitSam's picture

But ... but ... he won a Nobel Peace Prize!

Tue, 06/26/2012 - 11:42 | 2561778 slaughterer
slaughterer's picture

The finger wagging at the G20 did not work, did it, Mr. President?

Tue, 06/26/2012 - 11:43 | 2561784 BigJim
BigJim's picture

He'd get Betray-us, sorry, Petraeus, to do it.

Tue, 06/26/2012 - 11:14 | 2561653 arkel
arkel's picture

Could be a psych ops move. Say no to stand down the German public and then unleash just like Obama did with NDAA...

Tue, 06/26/2012 - 11:14 | 2561656 czarangelus
czarangelus's picture

I read this as,

Angela Merkel demands to be assassinated.

Tue, 06/26/2012 - 11:15 | 2561658 nobusiness
nobusiness's picture

coordinated fed intervention in 3...2...1

Tue, 06/26/2012 - 11:20 | 2561679 SamAdams1234
SamAdams1234's picture

Coodinated drone attack 3...2....1

Tue, 06/26/2012 - 11:30 | 2561725 disabledvet
disabledvet's picture

"Democrats ponder abandoning Charlotte."

Tue, 06/26/2012 - 11:14 | 2561659 timbo_em
timbo_em's picture

She will turn 58 on the 17th of July. Just thought, that should be mentioned.

Tue, 06/26/2012 - 11:31 | 2561700 Cursive
Cursive's picture

@timbo_em

Are you subtely referencing new research that indicates a person is more likely to die on his/her birthday?

Tue, 06/26/2012 - 11:43 | 2561785 timbo_em
timbo_em's picture

No, I just wanted to give everyone an idea how old our Lady Pantsuit actually is.

Tue, 06/26/2012 - 11:17 | 2561661 Stormy Weather
Stormy Weather's picture

I never thought I'd respect her any day. And no I'm not German and would "benefit" from shared toxic shit.

But it would just make the agony last much longer, sink the germans with it, and the sooner we pull the plug, the less pain for everybody (except unelected eurotechnocrats who nobody gives a fuck about)

Tue, 06/26/2012 - 11:16 | 2561663 No Euros please...
No Euros please we're British's picture

How odd, I thought they all wanted to pin the liability on Germany. What's with this sharing thing? Share implies you yourself have something to contribute to the pot.

Tue, 06/26/2012 - 11:17 | 2561665 BandGap
BandGap's picture

I laugh at the people suggesting assassination. Think one step ahead to who would replace Frau Merkel and this becomes unlikely. She has done a good job navigating the chaos despite all her jiggly parts.

Tue, 06/26/2012 - 11:30 | 2561728 brooklynlou
brooklynlou's picture

She has done a good job navigating the chaos?

Dude, she's caused the chaos!

Tue, 06/26/2012 - 11:17 | 2561668 Intelligence_In...
Intelligence_Insulter's picture

Tough Guy!

Tue, 06/26/2012 - 11:17 | 2561670 Rastamon
Rastamon's picture

 

 

 

Hitler also railed against the "evil" socialist/communist boogeyman as a way to deflect from the extremist rightwing's obvious and glaring shortcomings. the dumbed down electorate bought into this fingerpointing as a means to avert taking responsibility for their actions and to place blame on those that couldn't defend themselves.

 

this isn't "socialism" (and by this term the rightwing peabrains often hysterically mistake it with communism) ... it's CORPORATISM. corporatism is when the corporations own the government. communism is when the government owns the corporations. yes, there IS A DIFFERENCE and yes, it does MAKE A DIFFERENCE.

 

looks like libertarians and their rightwing corporatist cohorts are STILL DOING THEIR FUHRER'S bidding.

Tue, 06/26/2012 - 11:22 | 2561693 tmosley
tmosley's picture

No, there isn't, and no, it doesn't.  The end result of both paths is the same.  Witness Marco's Spain, which was functionally indistinguishable from Stalin's Russia or Mao's China, save in size and population.

Further, the Nazis and the socialists were at each other's throats only because they were drawing from and competing for the same members.  You might as well claim that the Bloods and the Crips are ideologically dissimilar.  

Libertarianism is the polar opposite of both corporatism and socialism, which are the practially the same in terms of ideology, and exactly the same in execution and result.

Tue, 06/26/2012 - 11:29 | 2561723 Tippoo Sultan
Tippoo Sultan's picture

<< Marco's Spain >>

 

Senor Mosley, did you mean to compare the regime of Franco ?

Tue, 06/26/2012 - 11:29 | 2561724 Cursive
Cursive's picture

@tmosley

Agreed.  Contrary to anything the social sciences establishment publishes, both socialism/communism and fascisim are totalitarian in nature.  While the theory of communism feigns anarchy, it relies on strong central authority in practice.  All of the political systems mentioned, other than libertarinaism, are the same, i.e. tyrannical oppression, in practice.

Tue, 06/26/2012 - 11:34 | 2561740 disabledvet
disabledvet's picture

"the end justifies the means." Agreed. But "does it justify the outcome"? Libertarians assume "all is not knowable." how do we "know" this is true since we all now KNOW "perception is reality"?

Tue, 06/26/2012 - 11:43 | 2561782 Spastica Rex
Spastica Rex's picture

B fuckin' S.

Fly that Libertarian flag, dipshit.

Tue, 06/26/2012 - 11:36 | 2561747 GeneMarchbanks
GeneMarchbanks's picture

Sigh...

Libertarianism is the polar opposite of both corporatism and socialism, which are the practially the same in terms of ideology, and exactly the same in execution and result.

Libertarianism is more or less tipping over into its true creator: Corporatism. The Koch Bros/Tea Party are a picture perfect illustration.

Nazism at its core had the message of racial superiority. You desperately need another set of books.

Tue, 06/26/2012 - 11:50 | 2561822 francis_sawyer
francis_sawyer's picture

Yeah, let's go the MDB route & get a bunch of well educated Ivy Leaguers to explain to us the real distinctions between all of these & to furthermore understand that our real place in life is to sit back and let them guide us all, by virtue of their superior insight, through the malestrom of our own ignorance...

Tue, 06/26/2012 - 12:08 | 2561889 GeneMarchbanks
GeneMarchbanks's picture

I'm not sure I grasp your comment. I mean to accuse no one except those who do not draw distinctions between types of collectivist movements, especially in times of social crises like today if you're in the West. By generalizations and distortions you end up with a false sense of past and present.

One more time in case of confusion: socialism, communism and fascism are collectivist, some more compulsive than others.

Tue, 06/26/2012 - 12:27 | 2562001 Lebensphilosoph
Lebensphilosoph's picture

Nazism at its core had the message of racial superiority.

No, the core of the National Socialist ideology as it was presented was Blut und Boden, and while they certainly held a belief in the superiority of their race according to their standards of value, and not without good reason, it was race, and not racial superiority, that was the essential aspect of it.

Tue, 06/26/2012 - 12:32 | 2562018 GeneMarchbanks
GeneMarchbanks's picture

it was race, and not racial superiority, that was the essential aspect of it.

What does that even mean? Son, stop thinking yourself into a labyrinth.

Tue, 06/26/2012 - 12:46 | 2562060 Lebensphilosoph
Lebensphilosoph's picture

It means exactly what it says, you halfwit.

Tue, 06/26/2012 - 12:55 | 2562091 Lebensphilosoph
Lebensphilosoph's picture

Valuing race in no manner logically implies a belief in racial superiority. Therefore the two are not equivalent. But I'll leave it to you to figure out why Hitler valued racialism for all peoples, and how National Socialists where to be found as far afield as India and Japan, if the central dogma of the ideology was that of the superiority of a race, in particular the Germanic one.

Tue, 06/26/2012 - 12:35 | 2562028 francis_sawyer
francis_sawyer's picture

I guess my comment came out wrong Gene... I wasn't really disputing anything you said...

In the end, my most BASIC thought is really just a rumination... That is, that the whole kit & kaboodle of these 'ideas', 'philosophies', 'movements', whatever have had their lines constantly blurred, co-mingled, & otherwise diluted, that it's almost a waste of time talking about them anymore...

The JOKE is, that that opens up the door for some nimwit pseudo-intellectuals now to come along and take on the task of actually trying to put all the broken eggs back in the box (& that's why they get paid the big counterfeit bucks)...

Me? I'd rather just make a tasty onlette out of the spillage, toss the shells into a compost pile, & move on...

 

Tue, 06/26/2012 - 19:18 | 2561860 BigJim
BigJim's picture

 Libertarianism is more or less tipping over into its true creator: Corporatism. The Koch Bros/Tea Party are a picture perfect illustration.

Nazism at its core had the message of racial superiority. You desperately need another set of books.


No, Nazism at its core had complete state control over everything. They liked demonizing Jews, certainly, but even if there had been no Jews (or gays or Slavs or Bolsheviks) to demonize, they still would have conducted their economy the same way. Businesses were ostensibly owned by private interests, but these were, in practice, hollowed out shells. As Mises wrote in Human Action,

The second pattern [of socialism] (we may call it the Hindenburg or German pattern) nominally and seemingly preserves private ownership of the means of production, and keeps the appearance of ordinary markets, prices, wages, and interest rates. These are, however, no longer entrepreneurs, but only shop managers (Betriebsführer in the terminology of the Nazi legislation). These shop managers are seemingly instrumental in the conduct of the enterprises entrusted to them; they buy and sell, hire and discharge workers and remunerate their services, contract debts and pay interest and amortization. But in all their activities they are bound to obey unconditionally the orders issued by the government's supreme office of production management. This office (the Reichswirtschaftsministerium in Nazi Germany) tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.

The Nazis were more socialist than corporatist, though, frankly, once a state become totalitarian the lines between socialist/fascist/corporatist are pretty much meaningless. You have a ruling oligarchy with monopolies and cartels. Whether they're called 'bureaucrats' in the case of socialists or 'industrialists' or 'business leaders' in the case of fascism or whatever is irrelevant - the effect is the same, the State controls the economy. And no, 'socialism' doesn't mean just mean twinkly-toes wealth redistribution, it means state ownership over the means of production.

Libertarianism, by the way, pre-dates the Koch brothers.

It makes me laugh when you get hyped up about people conflating fascism and socialism - which are kissing cousins - and then go and say libertarians are corporatists. Corporations are creations of the State, you idiot - the very entity Libertarians wish to reign in.

You desperately need another set of books.

Tue, 06/26/2012 - 12:43 | 2562058 Lebensphilosoph
Lebensphilosoph's picture

When did Franco murder 100 million? Please tell me.

 

Further, the Nazis and the socialists were at each other's throats only because they were drawing from and competing for the same members.

Oh please. Read Rosenberg, Darre, Eckhart, Eggers etc. and then tell me that Marxists ideology is no different to that of the National Socialists. Yes, Nazis, Fascists and Communists were all of them statists - and the simialrity ends there.

Tue, 06/26/2012 - 11:30 | 2561726 Cranios
Cranios's picture

Yes, it makes a difference. Under communism you end up with millions of people dead or in gulags.

Tue, 06/26/2012 - 11:34 | 2561745 disabledvet
disabledvet's picture

So "what is the outcome" this time?

Tue, 06/26/2012 - 11:45 | 2561792 Stormy Weather
Stormy Weather's picture

This is not really the issue, we don't have FEMA camps here.

As I see it it's pretty simple, you can either impose communism, so that everybody sink together, or let some sink deeper than others.

What's the point of taking everybody down with you? The reconstruction will be harder for everybody, including you.

Tue, 06/26/2012 - 11:57 | 2561847 Sandmann
Sandmann's picture

Hitler never polled more than 44%........so the "dumbed-down electorate" failed by 56% to vote for his party

Tue, 06/26/2012 - 12:19 | 2561963 Lebensphilosoph
Lebensphilosoph's picture

By that definition NSDAP Germany was neither corporatist nor communist.

Tue, 06/26/2012 - 12:22 | 2561977 Lebensphilosoph
Lebensphilosoph's picture

it's CORPORATISM. corporatism is when the corporations own the government. communism is when the government owns the corporations. yes, there IS A DIFFERENCE and yes, it does MAKE A DIFFERENCE.

Given the prosperity of Hitler's Germany versus Communist Russia, Maoist China etc. and their 100 million murders, apparently it does make a big difference.

Tue, 06/26/2012 - 11:17 | 2561671 vmromk
vmromk's picture

Plan "B" stands for Bernanke.

That fucking piece of "human" dung.

Tue, 06/26/2012 - 11:18 | 2561673 Benjamin Glutton
Benjamin Glutton's picture

Not even the tip,eh?

Tue, 06/26/2012 - 11:19 | 2561674 Christoph830
Christoph830's picture

Check out the big brain on Angelaaaaa!

Tue, 06/26/2012 - 11:25 | 2561705 Hammerabi
Hammerabi's picture

Did you see a sign out in front of my house that says dead PIIGS storage?

Tue, 06/26/2012 - 11:57 | 2561848 sdmjake
sdmjake's picture
The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he, who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who would attempt to poison and destroy my brothers. And you will know my name is the Lord when I lay my vengeance upon thee.  -Ezekiel 25:17
Tue, 06/26/2012 - 12:29 | 2562009 Lebensphilosoph
Lebensphilosoph's picture

No such passage exists in Ezekiel.

Tue, 06/26/2012 - 11:19 | 2561676 I Am Not a Copp...
I Am Not a Copper Top's picture

Help Wanted:  Food taster, Berlin

Excellent pay and benefits, including life insurance

Tue, 06/26/2012 - 11:19 | 2561677 CreditcalMass
CreditcalMass's picture

"Deutschland uber alles, bitchez." - Merkel to the rest of Europe.

Tue, 06/26/2012 - 11:36 | 2561751 CatoRenasci
CatoRenasci's picture

Deutschland Erwache!

Tue, 06/26/2012 - 11:21 | 2561680 bankruptcylawyer
bankruptcylawyer's picture

it sounds like behind closed doors, someone threatened her with harm if she didn't cooperate. quite probably the FED. 

 

and she said, fuck you , youll get QE to infinity over my cold dead body, and she probably means it. And I think she understands that if she announces it this way, people will know that her 'heart attack' was no accident. and as a result, the germans will be super pissed off and just leave the Euro immidiately if she is 'heart attacked'. 

funny that it takes a woman to stand up to all this shit in europe. 

Tue, 06/26/2012 - 11:21 | 2561684 LoneStarHog
LoneStarHog's picture

How do you say DRONE ATTACK in German?

Tue, 06/26/2012 - 11:33 | 2561710 Abraxas
Abraxas's picture

Schumfundingen anschluss!!!

edit: OK, OK, I admit, I made this one up

Tue, 06/26/2012 - 11:36 | 2561750 BBullionaire
BBullionaire's picture

Drone aanfall

Tue, 06/26/2012 - 12:31 | 2562011 Lebensphilosoph
Lebensphilosoph's picture

Google Translate is not your friend.

Tue, 06/26/2012 - 11:22 | 2561686 elwu
elwu's picture

You happen to have a source for this claim?

Tue, 06/26/2012 - 11:22 | 2561687 ParkAveFlasher
ParkAveFlasher's picture

Prelude to a gold mark, oh you naughty little minx. 

Tue, 06/26/2012 - 11:22 | 2561690 Its_the_economy...
Its_the_economy_stupid's picture

When things get serious, you have to lie.

Tue, 06/26/2012 - 11:23 | 2561695 Itch
Itch's picture

Merkel comment a misquote, so im hearing, she said "shared total liability" ...so, does this mean "perhaps some liability"? The show rolls on.

Tue, 06/26/2012 - 11:25 | 2561704 crawldaddy
crawldaddy's picture

so yourrrr sayinn therrrres a chance..

Tue, 06/26/2012 - 11:32 | 2561732 Itch
Itch's picture

I dont like to think about it that much.

Tue, 06/26/2012 - 11:24 | 2561702 williambanzai7
williambanzai7's picture

Time for some more O Blabber...

Tue, 06/26/2012 - 11:29 | 2561719 The Duck Stops Here
The Duck Stops Here's picture

Would have been better if she had said as long as Hollande lives

Tue, 06/26/2012 - 11:29 | 2561720 RoadKill
RoadKill's picture

I think Ive fallen in love. Finally a politician that is willing to stand up to the peer pressure of hacks trying to get reelected. Monti, Rayjoy, Hollande, Obama go F yourselves. We arent going to play your game of "shared sacrafice" where we do all the sacraficing and you do all the sharing.

Tue, 06/26/2012 - 11:38 | 2561758 Abraxas
Abraxas's picture

You've fallen in love with Angela? That's beyond ... that's ... well, disgusting.

Tue, 06/26/2012 - 11:41 | 2561772 riphowardkatz
riphowardkatz's picture

She is going to cheat on you. She talks a tough game but when push comes to shove Germany doesnt want to see what happens if the euro collapses. Plus if you dont call it a bailout it isnt one. 

Tue, 06/26/2012 - 11:29 | 2561722 SmoothCoolSmoke
SmoothCoolSmoke's picture

How the SP is above 1300 is beyond me.

Tue, 06/26/2012 - 11:30 | 2561727 mark7
mark7's picture

Spanish exporters are also exporting more than never before, well above the previous peak of 2007 and even trade deficit has narrowed a lot since 2008. So it is not all "Greek". 

Tue, 06/26/2012 - 11:33 | 2561734 insanelysane
insanelysane's picture

ECB, Spanning the Globe for Other People's Money.  The thrill of LTRO and the agony of subordination.

Tue, 06/26/2012 - 12:20 | 2561968 IrritableBowels
IrritableBowels's picture

Easier to explain losses.

Tue, 06/26/2012 - 11:33 | 2561737 RobotTrader
RobotTrader's picture

"Stackers" better start praying that Merkel retires now and Paul Krugman takes over the ECB or EU.

Tue, 06/26/2012 - 11:39 | 2561768 fuu
fuu's picture

Why? This helps keep the price low for the stackers.

Tue, 06/26/2012 - 11:33 | 2561739 Financial Cold ...
Financial Cold Fusion's picture

Long Live Angela Merkl!

Tue, 06/26/2012 - 11:35 | 2561746 No Euros please...
No Euros please we&#039;re British's picture

Awww, who cares if gold is down? Zynga just announced new games and a new strategy.

Tue, 06/26/2012 - 11:35 | 2561748 kaa1016
kaa1016's picture

The algo's are in complete control of the market, especially when there is no volume. Just watching the moves intraday make this painfully obvious. Germany's position is exactly what Zerhedge describes, and yet these idiot's on CNBC continue to say Eurobonds will magically cure the insolvency issues...lol.

Tue, 06/26/2012 - 11:37 | 2561757 Nawaralsaadi
Nawaralsaadi's picture

Unless she is planning to rule germany for the rest of her life, such a comment is not that far of from a Hitler mentality. 

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