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Merkel Says No European Shared Liability As Long As She Lives
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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Good ole Angela, giving us a nice 'entry point' for long the metals
Hey you all want to hear a joke? A community organizer walks into the White House...
Regardless of whether Germany is doing this to dominate the continent (which I don't doubt as a motive which I'm not privy to), their underlying principle of "Don't spend more than you can tax" still is valid, correct? How ironic would it be if a Fourth Reich came about by using the principles of sound finance. I don't pretend to know nearly as much as the valuable information I've read here for the past half-year, so someone tell me if I'm wrong here.
Angela constructs the new Siegfried Line.
http://confoundedinterest.wordpress.com/2012/06/26/spain-sovereign-yields-spike-again-vat-is-das/
Calculations that Germans lose more by letting PIGS go into default misses a big problem. THEY WILL NEED TO BE BAILED OUT ON AN ONGOING BASIS, NOT JUST ONCE!
Germany knows very well that peak oil effects on the economy may be forcing austerity no matter what games are played in finance and debt structuring. Maybe that is part of the reason Germany will be hard to budge on austerity. Growth requires cheap energy and cheap resource inputs.
http://peak-oil.com/download/Peak%20Oil.%20Sicherheitspolitische%20Impli...
In English :
http://www.zentrum-transformation.bundeswehr.de/resource/resource/MzEzNT...
From that report :
3.1.4 Intra-societal Risks of Peak Oil
Since modern national economies strongly rely on inexpensive fossil raw materials, in particular oil, peak oil would pose considerable challenges to most countries and societies in the event of an incomplete or insufficient post-fossil transformation process. These challenges could entail restrictions in the mobility systems, interruptions in economic structures as well as an erosion of confidence in state institutions.
At first glance, it seems obvious that a phase of slowly declining oil production quantities would lead to an equally slowly declining economic output.
hopng for a peak in peak oil nonsense, but with you aronud guessing there is plenty more supply to be had. Sad thing there is very little demand for your nonsense but you just keep producing it...reminds me of natural gas, oh the irony.
The German military wrote that report. Suspect it was well thought out and thoroughly researched and not just nonsense. The things the report covers may be a very good explanation of why there is economic weakness in so many places and in so many business models. Since mainstream economists got these economic crises so wrong on so many levels, maybe it's time to look outside the box.
The german military wrote it wow! Well thought out. I bet. They should become speculators with that vast knowledge. Or is it like fortune tellers? They only use their powers for certain purposes.
Your comments are along the lines of put downs mainly with no substantive intellectual points being made. Is that how you roll and troll?
Id say she just made herself a target for a banker hit squad
That just confirms how stupid she is. Who does she think she is anyway? Gaddafy?
And anyone who believes one European politician with some 20% votes of the population should be saying things like "as long as i am alive", is even more stupid than she is. The eurozone can break up or do whatever they want, as far as I am concerned, but the ego of Merkel is a big, empty bubble.
And one more comment before going out to have coffe and at least see many pretty brazilian girls on my street: All those words they have invented for you believers, like: capitalism, socialism, republicans, democrats and so on, mean very little indeed. They were invented so fools keep believing, working and if need be dying to protect the property of the 5% of the population. Have a great day!
The interventionist welfare socialists in Europe won't be happy to hear this.
They like spending other people's money.
Bullish for Epson cartridges.
Is this Merkel's "Read My Lips" moment? Stay tuned, for one thing is certain - this ain't over.
Why would I pay for my neighbors' pool for him to enjoy while I worked?
I cannot help but compare this to Sarkozy the traitor selling tons of France's gold to the US.
careful Frau - JFK made a similar statement regarding Vietnam...
peAce
It looks so appropriate to watch again
http://www.youtube.com/watch?v=dx-V4QKPZZw
Yep that's right Merkel, you have lost your credibility and will loose it each day further. Because we are gaining it.
FTW Tyler!
why does that vid only have 51 views... is that all Anonymous can muster?
ZH is good for 250 alone...
you want Nihilism? I'll give you Nihilism.
here's tortured existentialist Mark Block versus Breathless's Anti-Hero Jean Paul Belmondo
https://www.youtube.com/watch?v=WSIRcwHO-WI
Amazing, there are now 124 views! Thats a good start, but it would deserve millions of views instead ^^
Wow. A leader actually acting like a leader. Way to go Frau Merkel!
Never saw the USA carry Argentina's Debt when it had a fixed Dollar Peg. Funny that the US shows so little solidarity with its brothers in South America and Mexico......
That can be arranged....
The rest of the Euro leaders are not happy. You can imagine the headline days from now....Merkel's plane accidentally crash's in a French field.
Or is it all a dog and pony show for the German people, to show she's tough? She buckles in to pressure some time later.
in true hegalian style, what is the solution Europe will be presented that will seem likeit is being saved?
So much for the BS Euro-Vision.
Angela? Nein, Nein, Nein!
here's a classic... an oldie but goodie of Angie Merkel speaking the forbidden tongue...
channeling mister schickelgruber... https://www.youtube.com/watch?v=mRXN0iGaV1w
(she's looks good in brown...)
inly a fool would believe a head of state's "bargaining position" going into a summit (especially this one) is final; plenty of them around
no one seems aware that NAT0 is lifting angela's skirts as she issues this propwash for the masses, which apparently think NAT0 is included as a europeon birthright
writing about georgia yesterday, people didn't seem to realize it was well into the steps to joining NAT0 when the rooskie tanks rolled thru and shelled tiblis recently
several of the "new" NAT0 hopefuls were seen in a new light that day, btw...
this is the guns part of the gunsNbuerre; shhhhh.... nobody talk about it... don't think of it as connected w/ "sovs" & "banksters" ok?
and pretend angela is telling. the. truth. 4. da. win. L0L!!!
even goldilocksCrisisTM is chillin and jellin today, BiCheZ!
the puppetmasters are just beginning to welcome the peanut gallery to the excitement and entertainments planned for the rest of the week...
enjoy!
When you hear politician publicly saying they will NEVER do something, you can bet your ass it will happen FOR SURE.
Why does it have to be Germany they go begging to? China has to be licking their chops every time she says "nein" while they wait for the final capitulation of cash starved Europeam nations and financial companies. The chance to trade their US Treasuries for choice European assets at the ultimate fire sale prices must be like a dream come true.
you missed the key word "total" out in your piece 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".
I wish she would stick to it but I don't believe she will.
Merkel is só freaking hot!
Oops. Merkel just told everyone "Fuck you guys, I'm goin' home".
No means no...Berlusconi did't get this and Monti won't either...but kidding aside, Bill C. probably got a hard on when he read this story in the am. Also, I believe it became a fairly big deal for the Germans to get back control of their banking system a number of generations ago. I doubt they will be in a hurry to open the doors back up in favor of the same groups.
Never go up against a Rothschild, when death is on the line!!!!
http://www.quotesworthrepeating.com/wp-content/uploads/2012/02/Vizzini.jpg
She should know better than to say it this way. Somewhere they are making book on her imminent demise...
Likelyhood this happens? 0%!
Merkel has so far given in on anything. It's just a matter of time. I remember how we started with no money for Greece, then had Greece as the exception but no other country,... Now this friday she wants to push the ESM through which basically will end German sovereinity.
Assuming that Merkel has the interests of Germans in mind is where you head towards the wrong direction. Yes she could do all that, but then all politicians in Germany are in the business of weakening their own country.
The Little Red Hen is starting to say no.
These shared liabilities for Europe and the bailouts for the southern European countries are intended to replenish the accounts of the banks, particularly the big banks.
As in the original story of the Little Red Hen, the industrious people provided for themselves and for their future through hard work; others refused to help with planting the seeds, or harvesting the wheat or baking the bread. But when the baked loaves were ready, they wanted to share in eating them.
IOW, they wanted shared liability, which guarantees baked-bread bailout without the work.
So says Europe's Number One.
The ONLY One with BALLS over there, I've heard.
Cheers to you Angela.
..And so.... Germany checks to you Ben.
Long live the German Queen... oops my mistaken Chancellor of Germany....
If my neighbor raked up a bunch of debt on new cars, vacations and shit he could not afford, then came to me to help pay off his debts I'd tell him to get stuffed. Germany should tell the PIIGS to get stuffed.
Now I feel bad for Angie. Stay out of the way of the bullets.
I just figured it out.
Samaras of NEw Democracy had to say 'we'll renegotiate' so that he and the other two parties in his coalition would get enough votes to govern.
Now, they're calling in sick, en masse, because if they go to the Euro meeting they're gonna be fed their hats. They northerners have no intention of even discussing Greece on the 28/29 of June.
That would make a near-record phoney-promise to lie-revealed, of
about 5 days. Not bad, when the media is controlled.