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The Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal Independence

Tyler Durden's picture




 

Update 2: the first local headlines are coming in now, from Spiegel: Griechenland soll Kontrolle über Haushalt abgeben (loosely Greece must give up domestic control), and Kathimerini: Germany proposes Greece relinquish some fiscal powers, sources say

Update: Formal Greek annexation order attached.

It was tried previously (several times) under "slightly different" circumstances, and failed. Yet when it comes to taking over a country without spilling even one drop of blood, and converting its citizens into debt slaves, Germany's Merkel may have just succeeded where so many of her predecessors failed. According to a Reuters exclusive, "Germany is pushing for Greece to relinquish control over its budget policy to European institutions  as part of discussions over a second rescue package, a European source told Reuters on Friday." Reuters add: "There are internal discussions within the Euro group and proposals, one of which comes from Germany, on how to constructively treat country aid programs that are continuously off track, whether this can simply be ignored or whether we say that's enough," the source said.' So while the great distraction that is the Charles Dallara "negotiation" with Hedge Funds continues (as its outcome is irrelevant: a Greece default is assured at this point), the real development once again was behind the scenes where Germany was cleanly and clinically taking over Greece. Because while today it is the fiscal apparatus, tomorrow it is the legislative. As for the executive: who cares. At that point Goldman will merely appoint one of its retired partners as Greek president and Greece will become the first 21st century German, pardon, European colony. But at least it will have its precious euro. We can't wait until Greek citizens find out about this quiet coup.

More from Reuters:

The source added that under the proposals European institutions already operating in Greece should be given "certain decision-making powers" over fiscal policy.

 

"This could be carried out even more stringently through external expertise," the source said.

 

The German demands for greater control over Greek budget policy comes amid intense talks to finalize a second 130-billion euro rescue package for Greece, which has repeatedly failed to meet the fiscal targets set out for it by its international lenders.

 

It is likely to spark a strong reaction in Athens ahead of elections expected to take place in April.

"Strong reaction?" Is that the politically correct parlance for "civil war" these days? We must be out of the loop on that one...

The specific language that strips Greece of its sovereignty and which will be plastered over every front page in the Greek media tomorrow:

Budget consolidation has to be put under a strict steering and control system. Given the disappointing compliance so far, Greece has to accept shifting budgetary sovereignty to the European level for a certain period of time. A budget commissioner has to be appointed by the Eurogroup with the task of ensuring budgetary control. He must have the power a) to implement a centralized reporting and surveillance system covering all major blocks of expenditure in the Greek budget, b) to veto decisions not in line with the budgetary targets set by the Troika and c) will be tasked to ensure compliance with the above mentioned rule to prioritize debt service.

 

The new surveillance and institutional approach should be formulated in the MoU as follows: “In the case of non-compliance, confirmed by the ECB, IMF and EU COM, a new budget commissioner appointed by the Eurogroup would help implementing reforms. The commissioner will have broad surveillance competences over public expenditure and a veto right against budget decisions not in line with the set budgetary targets and the rule giving priority to debt service.” Greece has to ensure that the new surveillance mechanism is fully enshrined in national law, preferably through constitutional amendment.

And here is the full formal pre-annexation order:

 

In the meantime, Greeks are already practicing the switchover in the national dance:

Before...

And after.

 

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Sat, 01/28/2012 - 01:35 | 2104995 sun tzu
sun tzu's picture

wow you're extremely stupid if you think the germans are solely responsible and even more stupid if you base it all one one book

Sat, 01/28/2012 - 10:26 | 2105373 DanDaley
DanDaley's picture

Nobody ever said anything about basing historical understanding on "one book", but it is a book that even a dolt could understand.  The Germans had done it before (Franco-Prussian War 1870).  Let's put it this way: If the Germans had not wanted war in 1914, war would not have happened, period!  You, on the other hand, probably have some "deep" inside information about the Illumminati moving the European chess pieces from some rathskeller in Baden Baden which supersedes all other "sheepformation".  Time to grow up.

Fri, 01/27/2012 - 19:41 | 2104269 mick_richfield
mick_richfield's picture

Hi Trav.

Have I mentioned lately that you're worthless here?

Fri, 01/27/2012 - 16:52 | 2103793 alien-IQ
alien-IQ's picture

and this is relevant because.......?

Fri, 01/27/2012 - 18:51 | 2104146 Captain Kink
Captain Kink's picture

This is the one thing that "should" happen that would ruin my investment thesis regarding what "will" happen.  And I hope it does.  

Fri, 01/27/2012 - 16:55 | 2103799 PicassoInActions
PicassoInActions's picture

irrelevant, Ben Shalom, Goldminites , Rothschild and so on....

 

we own the world but will let others to do the work and pretend.

Fri, 01/27/2012 - 17:05 | 2103847 lolmao500
lolmao500's picture

You don't own squat. Certain jews do. You don't.

It's like saying ``Christians killed the jews during WW2 because Hitler killed them and he was a Christian``. Total bunk.

Rothschild will exterminate millions of jews if it means more power to his family of inbreds.

Fri, 01/27/2012 - 17:22 | 2103890 PicassoInActions
PicassoInActions's picture

you are right on that point, if i was part of that group i would not be hangin in here.

But i will defend jews if i see a profit.

Sun, 01/29/2012 - 00:04 | 2106621 GoinFawr
GoinFawr's picture

especially if you see a prophet worth 30 pieces of silver? (I jape)

Fri, 01/27/2012 - 17:04 | 2103842 Azannoth
Azannoth's picture

Study reveals 80% of Jews aren't Semitic but Abkhazi

Fri, 01/27/2012 - 16:43 | 2103732 blu
blu's picture

Merkel is bluffing: The Greeks will say "Opa yours blondie!" and the Germans will still have to bail them out.

It's an end-game. Everyone is trying to own the center of the board. Good luck with that one -- the game is already over.

Fri, 01/27/2012 - 17:00 | 2103814 Poetic injustice
Poetic injustice's picture

For me it feels more like "Guess which box".
One box contains money, one box contains red nuclear button and one box contains slave collar.

Fri, 01/27/2012 - 16:43 | 2103738 Troy Ounce
Troy Ounce's picture

 

 

Ah, well, they can try to get money from the Greek but there is a 100% certainty they will fail.

What would you do?

Give them one big slimy middle finger.

But they can try......

Fri, 01/27/2012 - 16:44 | 2103743 AnAnonymous
AnAnonymous's picture

Sovereignty breach.

Whatsoever,while this fact being unacceptable, it also shows that contrary to the usual propaganda spred on here, the Germans, like the rest of the European US citizens, seek the same end: blobbing up.

The only hurt is rivalry, who is going to be in charge.

But all the european US citizens follow the same path to Paneuropa.

No breaking up, only merging up.

Fri, 01/27/2012 - 19:07 | 2104189 akak
akak's picture

... the Germans, like the rest of the European US citizens, ....

ROFL

Fri, 01/27/2012 - 19:53 | 2104312 nmewn
nmewn's picture

USA! USA! USA!

Fri, 01/27/2012 - 21:49 | 2104662 New_Meat
New_Meat's picture

lmao!

Fri, 01/27/2012 - 16:44 | 2103745 agent default
agent default's picture

Exactly how low can Greek politicians get before the people rise up and lynch them?  The passivity of the Greek population never ceases to amaze me.  I am beginning to think they deserve to get fucked over.

Fri, 01/27/2012 - 16:46 | 2103756 The trend is yo...
The trend is your friend's picture

US politicians do it to US citizens everyday.  I guess we deserve it too

Fri, 01/27/2012 - 18:36 | 2104099 Rainman
Rainman's picture

At least passive until they cut off cable, then it's game on.

Fri, 01/27/2012 - 19:14 | 2104208 economics1996
economics1996's picture

As long as the food stamps are printed the 85 IQ crowd will be happy.

Fri, 01/27/2012 - 16:52 | 2103787 AnAnonymous
AnAnonymous's picture

Greeks have not been passive.

They have participated alongthe way of US citizenism.

Following US citizenism, they have to blob up. The other options being the ones one gets when being on the wrong side of US citizenism...

Fri, 01/27/2012 - 19:54 | 2104320 nmewn
nmewn's picture

USA! USA! USA!

Fri, 01/27/2012 - 20:51 | 2104532 akak
akak's picture

Following US citizenism, they have to blob up.

 

But if they rotate yellow, then slide is the brown, and only sharp will be lofty.

Sat, 01/28/2012 - 07:22 | 2105246 StychoKiller
StychoKiller's picture

NOW you're getting the hang of it! :>D

"Let the sargeant mirror spin,

if we lose, the barbers win!

Happy family, one-hand clap,

four went on, but none came back."

Sat, 01/28/2012 - 12:09 | 2105423 Hulk
Hulk's picture

Kadir beneath Mo Moteh.Shaka, when the walls fell.Temba, his arms wide.Mirab, his sails unfurled.Sokath - his eyes uncovered. Kailash, when it rises.The river Temarc - in winter.Rai and Jiri at Lungha. Kiazi's children - their faces wet. Zinda - his face black, his eyes red. Chenza at court - the court of silence.Uzani - his army with fist open. His army with fist closed. 

 

And that my friend Akak, is the solution to the fucking debt problem...

Sat, 01/28/2012 - 18:23 | 2106048 akak
akak's picture

Akak, his eyes crying with laughter!

Sat, 01/28/2012 - 01:51 | 2105011 Assetman
Assetman's picture

Uhhh.... thank you, Miss South Carolina.

 

Sat, 01/28/2012 - 02:34 | 2105052 DaveyJones
DaveyJones's picture

funny

Fri, 01/27/2012 - 16:53 | 2103797 roadhazard
roadhazard's picture

That's what I was thinking. If the Greek People allow Germany to take control of their country financially they deserve to get screwed. 

 

 

Fri, 01/27/2012 - 16:58 | 2103819 AnAnonymous
AnAnonymous's picture

They might or might not get screwed.

Either they play ball with the rest of the US citizens in Europe or they fall against those US citizens.

As Greeks have been active in the spread of US citizenism accross the world, they perfectly know what it looks like and what it feels like to be on the wrong side of US citizenism.

On that ground, Greeks might as well consider that they would get screwed when they do not play with the paneuropeans.

Fri, 01/27/2012 - 18:31 | 2104091 agent default
agent default's picture

WTF? US citizens in Europe? What a bunch of American tourists?  The political opinion of a US citizen in Europe counts about as much as any foreigner's in the US, as in none at all. And what do you mean by 'citizenism' is this even a real word, or is it one of those global village, let's all hold hands together and be metrosexual, multicultural and other bullshit?

Fri, 01/27/2012 - 19:02 | 2104170 battle axe
battle axe's picture

I have to agree with Agent, what the hell is he talking about? Also what is "Blobbing up"?

Fri, 01/27/2012 - 19:12 | 2104201 akak
akak's picture

Not to worry, AgentDefault --- this AnonymousAsshole is just a blindly bigoted, hate-filled, virulently and mindlessly anti-American troll who loves to swarm threads with his nonsensical ramblings about "US Citizenism", which is both meaningless and apparently intended as a sweepingly broad condemnation of each and every American for the crimes of their oligarchic political and financial elite.  One cannot rationally respond to such psychotic drivel.

Sat, 01/28/2012 - 00:07 | 2104894 TerraHertz
TerraHertz's picture

I wonder what a Markov tree 'conversation AI' would sound like, if the programmers were Chinese?

Sat, 01/28/2012 - 02:36 | 2105053 DaveyJones
DaveyJones's picture

can we respond irrationally?

Sat, 01/28/2012 - 05:08 | 2105112 akak
akak's picture

AnonymousAsshole is sure taking his best shot at it.

Sat, 01/28/2012 - 03:56 | 2105118 AnAnonymous
AnAnonymous's picture

WTF? US citizens in Europe? What a bunch of American tourists?

/////////////////////////////////////////////////

US citizens ('Americans') are the proponents of US citizenism ('Americanism'), a state of mind, a doctrine, a set of beliefs.

Once again, using the original words, Americanism and Americans would not help it at all.

US citizens are denialists.

They could as well write "WTF? Americans in Europe?"

Sat, 01/28/2012 - 05:12 | 2105183 akak
akak's picture

US citizens ('Americans') are the proponents of US citizenism ('Americanism'), a state of mind, a doctrine, a set of beliefs.

US citizens are denialists.

Which US Citizens are you referring to?

ALL of them?

If you answer "yes", isn't that kind of (irrational) thinking called "stereotyping", a.k.a. "bigotry"?

Why should any intelligent and rational person listen to the ravings of a bigot?

Sat, 01/28/2012 - 14:26 | 2105674 agent default
agent default's picture

Fuck gold, I'm going long whatever this guy is on.  What is it anyway?

Fri, 01/27/2012 - 19:56 | 2104329 nmewn
nmewn's picture

USA! USA! USA!

Sat, 01/28/2012 - 01:11 | 2104954 Rincewind
Rincewind's picture

WTF?

I get your irony, but do you need to splatter this all over this site?

Wouldn't once per post be enough?

Sat, 01/28/2012 - 02:51 | 2105069 WaterWings
WaterWings's picture

You are witness to the most ironic trolling in all of humanity. Bow.

Sat, 01/28/2012 - 12:12 | 2105425 Hulk
Hulk's picture

USA! USA! USA!

Sat, 01/28/2012 - 11:19 | 2105397 The Alarmist
The Alarmist's picture

You keep this up and you are going to have to change your avatar to a giant foam finger.

Sat, 01/28/2012 - 07:25 | 2105248 StychoKiller
StychoKiller's picture

I have a better theory:  The entire Universe was sneezed out of the nose of a being called the "Great, Green Ocklseizure!"

Beware the coming of the great white handkerchief...

Fri, 01/27/2012 - 16:44 | 2103746 The trend is yo...
The trend is your friend's picture

If that happens i hope those politicians have blackwater's number on speed dial cuz their gonna need thier services.  "To serve and protect".......but whom?

Fri, 01/27/2012 - 16:45 | 2103750 pschwammerl
pschwammerl's picture

Greek island would be nice...but I am a german debt peon myself, so no chance ;)

Sat, 01/28/2012 - 09:34 | 2105336 Archduke
Archduke's picture

well we could pool monies and bid for them.  oh wait, the hedge funds already have.

Fri, 01/27/2012 - 16:46 | 2103753 Dr. Engali
Dr. Engali's picture

Based on the timing of the Facebook IPO and the over extending S&P nearing resistance, I'd say that we are at a market top. It's all coming together nicely.

Fri, 01/27/2012 - 16:47 | 2103763 The trend is yo...
The trend is your friend's picture

from your lips to gods ears.....I am getting smoked waiting for it

Fri, 01/27/2012 - 16:46 | 2103757 magpie
magpie's picture

In German Europa, Greek finance annexes you.

Fri, 01/27/2012 - 16:46 | 2103758 LetThemEatRand
LetThemEatRand's picture

NWO

Fri, 01/27/2012 - 16:49 | 2103775 EscapeKey
EscapeKey's picture
North Wiltshire Orienteers

http://northwilts.org.uk/

Fri, 01/27/2012 - 21:08 | 2104570 LetThemEatRand
LetThemEatRand's picture

Probably not, but a pretty good deep cover.

Sat, 01/28/2012 - 07:28 | 2105249 StychoKiller
StychoKiller's picture

Check this out, oh hater of Ayn Rand:  http://www.divinecosmos.com/start-here/davids-blog/1023-financial-tyranny

Then figure out whose side Ayn Rand was on...

Fri, 01/27/2012 - 16:58 | 2103813 Dr. Engali
Dr. Engali's picture

Never wrestle Oprah?

Fri, 01/27/2012 - 21:05 | 2104560 LetThemEatRand
LetThemEatRand's picture

Certainly not on a bet. 

Sat, 01/28/2012 - 07:29 | 2105251 StychoKiller
StychoKiller's picture

Given enough olive oil, I'd do it for free (and probably enjoy every minute of it!) :>D

Fri, 01/27/2012 - 16:47 | 2103759 apberusdisvet
apberusdisvet's picture

"Bend over" in Greek now has a totally alternate meaning.

Fri, 01/27/2012 - 16:47 | 2103760 nudlee
nudlee's picture

Sangria and wurst please.

Sat, 01/28/2012 - 07:28 | 2103911 _ConanTheLibert...
_ConanTheLibertarian_'s picture

This will be the new menu:

 

  • Moussaka + Beer
  • Bratwurst + Ouzo
  • Souvlaki + Apple Cider
  • Sauerkraut + Baklava
  • etc.

 

Fri, 01/27/2012 - 17:31 | 2103923 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Eh...Sangria is a Spanish or Portugese wine punch.

Fri, 01/27/2012 - 19:44 | 2104284 mick_richfield
mick_richfield's picture

Europe in trouble, when worse comes to wurst.

Fri, 01/27/2012 - 16:47 | 2103762 Scalaris
Scalaris's picture

Well this will make for a colourful next week.

I'm thinking long hanging ropes.

Fri, 01/27/2012 - 16:48 | 2103764 alien-IQ
alien-IQ's picture

Time to go long Riot Gear manufacturers.

Fri, 01/27/2012 - 16:48 | 2103767 GolfHatesMe
GolfHatesMe's picture

How about a Supercommittee?  They can fix anything. 

Fri, 01/27/2012 - 16:50 | 2103779 Neidhammel
Neidhammel's picture

 

As Germany plans to invade Greece with Gestapo forces to beat the money out of citizens, rich Greeks start destroying all evidence of tax fraud. http://is.gd/InBl8J 

 

Sat, 01/28/2012 - 07:31 | 2105256 StychoKiller
StychoKiller's picture

Or, someone's collecting on their insurance (to pay taxes?  Surely you jest!)

Fri, 01/27/2012 - 16:50 | 2103780 PicassoInActions
PicassoInActions's picture

deutsche fantastisch

Fri, 01/27/2012 - 16:51 | 2103782 Jumbotron
Jumbotron's picture

Now is the time on Sprockets when we dance.....

 

http://www.youtube.com/watch?v=QHZR9SA5pOg

Fri, 01/27/2012 - 16:55 | 2103810 pschwammerl
pschwammerl's picture

Rofl..really?

Fri, 01/27/2012 - 16:55 | 2103811 pschwammerl
pschwammerl's picture

Rofl..really?

Fri, 01/27/2012 - 16:54 | 2103800 Motley Fool
Motley Fool's picture

Euro, bitches! xD

 

"In case ZH readers haven't noticed, the mainstream opinion is that the euro is toast. So you're contrarians on pretty much everything else, but in matters of he euro you're unquestioning in your support of the MSM view, the view so clearly fed to the masses by Uncle Sam."

 

http://www.zerohedge.com/news/guest-post-gold-bonds-averting-financial-a...

Fri, 01/27/2012 - 18:28 | 2104085 Matt
Matt's picture

I doubt most people here or anywhere are purely contrarian about everything. It's foolish to be contrarian just to take the opposite view of the mainstream. Gravity, the sun rising in the east, these are all common views, but most people don't bet against them just to be contrarian.

You have to be selective in your contrarianism, and even when the contrarian view is perfectly rational, timing matters.

That, and you obviously are not paying attention as the views here are quite diverse. You probably can find a few people who believe the Euro will last much longer.  

Fri, 01/27/2012 - 21:35 | 2104617 Motley Fool
Motley Fool's picture

Agreed. Being contrarian just for the sake of it is stupid. However I do not see a lot of independent thinking here as regards the euro; rather I see people gobbling up everything the MSM is feeding it.

 

I understand that those here have an aversion to paper currencies, and cannot easily overcome that obstacle.

 

I simply posted out of amusement, poking fun at that. :P

Sat, 01/28/2012 - 07:33 | 2105259 StychoKiller
StychoKiller's picture

The value of Au is rising and tells me all I need to know about currencies.

Fri, 01/27/2012 - 22:57 | 2104783 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The contrarian view is more often right than wrong; how funny is that!

Sat, 01/28/2012 - 07:30 | 2105255 _ConanTheLibert...
_ConanTheLibertarian_'s picture

because the original view is bought. Follow ze money.

Fri, 01/27/2012 - 18:33 | 2104096 tmosley
tmosley's picture

Contrarians are stupid.  Better to think for yourself.

Fri, 01/27/2012 - 19:45 | 2104292 mick_richfield
mick_richfield's picture

You just made my brain stop for a few seconds.

( Thankfully, I can still comment... )

Sat, 01/28/2012 - 07:34 | 2105260 StychoKiller
StychoKiller's picture

When you stop to think, remember to start again! :>D

Fri, 01/27/2012 - 16:56 | 2103805 JR
JR's picture

"Reuters says" is not the same as "Germany says." And "Germany says" is not the same as "Deutsche (Goldman) Bank" says, or the "EU says."  I mean, who is Reuters? A non-story!  But Ill tell you who does call for fiscal integration of the entire euro area. Here, straight from the horses mouth, is EC President Herman Van Rompuy's invitation letter to the upcoming EU summit, after reports that the ESM won't be on the agenda at the upcoming EU summit, which it is.

EUROPEAN COUNCILTHE PRESIDENT

Brussels, 26 January 2012

Invitation letter by President Van Rompuy to the Informal European Council

It is my pleasure to invite you to an informal meeting of the members of the European Council on 30 January 2012 in Brussels.

We will first have an exchange of views with the new President of the European Parliament to go over the main points we will later on discuss in the meeting of the members of the EC.

In the present economic situation, we must continue our efforts to ensure financial stability and fiscal consolidation: this is necessary in itself, but it is also a condition needed for returning to structural economic growth. At the same time, we need to take active measures to enhance growth and competitiveness and above all create jobs. Whilst our March meeting will provide wider guidance to Member States' economic and employment policies, I want us this time to focus on immediate action to be taken in the specific areas of youth unemployment, the Single Market and SMEs. To that end I have circulated a draft statement which should help structure our discussion and communicate its outcome.

My idea is to hold an interactive debate allowing us to share experiences of the different paths to promote jobs and growth. Thus, after general introductions by José Manuel Barroso on how the EU can support Member States' action, in particular as regards youth unemployment and support to SMEs, and by Helle Thorning-Schmidt, on the measures the Council needs to agree on rapidly, I will ask a number of lead speakers to introduce the three strands of our discussion (youth employment; the Single Market; and the financing of SMEs).

We will also use this opportunity to endorse the ESM treaty and to register agreement on the new treaty on stability and convergence within the euro area. With the two treaties we will further strengthen the instruments at our disposal to ensure the consolidation and development of the euro area as a whole.

Fri, 01/27/2012 - 20:27 | 2104441 nmewn
nmewn's picture

"We will first have an exchange of views with the new President of the European Parliament..."

Democratically elected, of course ;-)

Fri, 01/27/2012 - 22:04 | 2104690 old naughty
old naughty's picture

Soon to be President of the World.

Voting by inner-circle members only.

Fri, 01/27/2012 - 22:58 | 2104789 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Do inner-circle members hold hands when they vote?

Fri, 01/27/2012 - 16:58 | 2103818 ekm
ekm's picture

I am from Balkans. Nooooooooooooow, we're talking. Now it's real.

I was in Athens during peace time in 1997. May Day was a day of wrecking by protesters. Again, those were nice peace times. Old people still talk about Germans as invaders.

Oooooh God. If this is true, we'll see fire, literally.

Fri, 01/27/2012 - 16:58 | 2103820 SimpleandConfused
SimpleandConfused's picture

"Strong reaction?" Is that the politically correct parlance for "civil war" these days? We must be out of the loop on that one...

Not sure I see anything happening, if recent history is an example.  This stuff has been going on for years and I'm guessing if someone, anyone, will cut them a check so long as they can fog a mirror, why would they care?

I don't see this German takeover as a problem, rather a solution.  Now, if the Germans stop cutting those checks, well then I think the Greeks will go ahead and burn down their own houses.  That'll show those Germans!

Of course the ECB can fund the Germans as they fund the Greeks so it never has to end.  See, I've read MMT!!!

Fri, 01/27/2012 - 16:59 | 2103824 ucsbcanuck
ucsbcanuck's picture

Wow... just, wow! Nigel Farage was right about the undemocratic nature of the EU after all...

Fri, 01/27/2012 - 17:13 | 2103864 alien-IQ
alien-IQ's picture

Nigel Farage has been right about many things for a long time now. The fact that the MSM avoids him like the plague should be more than sufficient evidence to that affect.

Fri, 01/27/2012 - 23:00 | 2104792 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Farage is the British Paul, for all purposes.

Fri, 01/27/2012 - 17:02 | 2103836 rsnoble
rsnoble's picture

So in otherwords between this news and Facebook saving Planet Earth with it's IPO next week.........Surely DOW 13k is in the cards.  I wouldn't be one bit surprised. Everytime this market fucks around with hanging in thin air it's really just waiting for some sort of good news to push it higher as there are no sellers.

Fri, 01/27/2012 - 18:41 | 2104117 merchantratereview
merchantratereview's picture

So FB popularity peaks next week. 

Fri, 01/27/2012 - 17:03 | 2103841 EmileLargo
EmileLargo's picture

Tyler, 

 

That is completely over the top. You cannot take over a country without an army.

The current lot of Greeks deserve absolutely no sympathy. They are truly a nation of crooks. You think I am exaggerating? If you listen to J Kyle Bass on Greece, he spells out how the Greeks have been doing it - they've been making promise after promise and borrowing money on that basis. The IMF laid down a condition that Greece replace 5 retired public sector workers with only one new hire (as a ratio) - in exchange for financial support. They borrowed money and broke that agreement in broad daylight. The IMF realised that 18,000 public sector workers retired and the Greeks replaced them with 24,000. There is nothing glorious about a nation of parasites that survives on borrowed money and shamelessly defaults. Greece has actually defaulted 108 times in the last 200 years on its sovereign debt. 

The Germans are one the ones who are stupid idiots. They need to grow out of their post-war guilt. Enough of that nonsense already. How many Germans alive today collaborated with Nazis to conquer Europe? The Germans need to move on and look at the world through a different lens. The only reason this monstrosity called the EU is surviving is because of all the money the Germans have been chucking at it. 

If there is any good to come out of this, it will be the utter total destruction of the EU and the rebirth of national sovereignty in Europe. The Germans are fools if they think they can control fiscal outcomes in Greece through the back door. A country that has broken every single promise up to now will keep breaking promises. The German politicians are a bunch of spineless pussies who cannot face the truth because the consequences are too dire. Its the same story in every democracy. 

About time Greece defaulted and got it over with. Let them go back to the Drachma and become once again a sleepy backwater that does not threaten the entire global financial system. You know something is rotten in Denmark when Greece threatens the financial stability of the planet. I know, I know - there is Japan and the Uk and the US and France and blah blah blah. But Greece is really a symptom of all that has gone wrong with modern finance. We need to pay for our sins. The sin was lending to Greece. We have to atone for this. 

Fri, 01/27/2012 - 17:10 | 2103855 AnAnonymous
AnAnonymous's picture

Money is a promise in itself.

Germany just like many other countries is not in good shape.

They can just exhibit others'poor shape before theirs.

Fri, 01/27/2012 - 17:15 | 2103868 EmileLargo
EmileLargo's picture

The average German will be utterly ruined by the time this ends. His savings will be worth zilch. That's the price for these idiotic pan European solidarity ideas that the Germans seem to be in love with. 

Fri, 01/27/2012 - 17:21 | 2103888 AnAnonymous
AnAnonymous's picture

And they are totally right to be in love with that as it works to their benefits.

Two agents:

-one is in debt for $10,000

-the other $10 in debt

Both are insolvent.

One goes deep into debt by $5 and give to the other

Mutualization of debt

one owes now $10,015
the other $10,015

One good thing is that one is also certain that the other will be never solvent again (in the previous, the only existence of the debt of one might be the factor behind the insolvency of the other)

Germany has the sweeter deal.

Fri, 01/27/2012 - 23:36 | 2104850 Matt
Matt's picture

This is crazy talk. If one person is $10,000 in debt and one is $10 in debt and they become mutually liable for the total debt, they owe $10,010 total. They could split it 50/50 and owe $5005 each.

Unless this is like Thomas Jefferson and his brother-in-laws splitting up his father-in-laws estate before paying its debts, and then each of them owed an amount equal to the original debt of the estate. But how and why would they (Germany and Greece) do that?

One could borrow $10,000 and lend to the other to pay the original $10,000 debt, so one has $10,000 debt, while one has $10,010 debt countered by a $10,000 asset, but why and to what end?

Just curious, is English not your first language or do you just naturally have such bizarre sentence structure?

Sat, 01/28/2012 - 04:04 | 2105125 AnAnonymous
AnAnonymous's picture

Mere diversion.

One and the other owe now 10,015. How they split it is irrelevant.

The main point to underline is the change in situation and who benefits from the move.

Splitting: one writes off one's debt. Letting the other holding the bag (worse case scenario, to be assessed in terms of risk taking).

Or the other writes off the other's debt. Letting one holding the bag.

Who has the sweeter deal? Who mutualization endangers the most?

Sat, 01/28/2012 - 05:44 | 2105186 akak
akak's picture

I shudder to even imagine what playing Pictionary with you would be like.

Sat, 01/28/2012 - 07:40 | 2105265 StychoKiller
StychoKiller's picture

Simply insert a Blue pickle in your ear to clear your vision...:>D

Sat, 01/28/2012 - 08:49 | 2105296 akak
akak's picture

And bite the wax tadpole!

Fri, 01/27/2012 - 17:36 | 2103949 Scalaris
Scalaris's picture

 

Yes. No sympathy. For the entirety of the Greek nation. Because they all are but a nation of crooks in a sleepy backwater, that does, and should not, threaten the entire financial global system, and they should contemplate the outcome of their en masse actions.

I'm guessing that you are part of a much, much superior nation, collectively infallible in character and where people control the totality of said nation's political and economic infrastructure as individual units.

Because if that's the case, then shit, I bow to your and your kinfolk otherworldly superiority.

Or you could reconsider your opus-like tripe on pigeonholing and exchange your moral throne for something that allows the removal of your head from your rectum at more frequent intervals. 

 

My regards to Pala, you condescending c*nt.

Fri, 01/27/2012 - 17:51 | 2103992 XitSam
XitSam's picture

"Give me control of a nation's money and I care not who makes the laws."
- Mayer Amschel Rothschild

Sat, 01/28/2012 - 09:50 | 2105350 Archduke
Archduke's picture

Don't reverse the guilt. It's greece that is at (de)fault here.  Its creditors are

only fools if they fail to seize the collateral and liquidate.  Islands, anyone?

Fri, 01/27/2012 - 17:07 | 2103851 Chupacabra-322
Chupacabra-322's picture

Merkel huh?  Check this out.  And when you look at her she actually looks like him.

Just so we’re all clear here and you understand. Merkel IS the daughter of Hitler. All one has to do is look at the history and any picture side by side of her and the Fuehrer, its uncanny.

 

****For your reading pleasure****

 

The vow made by Angela Merkel to unite the European Continent under one flag cannot be ignored, especially when viewed in the light of still secret, but ‘obtainable’, Soviet KGB archive files which present a terrifying portrait of the present German Chancellor as being the daughter of the former German Nazi Leader, Adolf Hitler.

 Though said to be born on July 17, 1954 in the former Soviet controlled German Democratic Republic (East Germany), Angela Merkel’s Stasi GDR file (currently still held in the Soviet KGB archives) states that she was instead born on April 20, 1954, the birth date of her ‘true’ father, Adolph Hitler who was born on April 20, 1889.

 The means of Angela Merkel’s birth, as detailed in these documents, was based upon the research of the German Doctor Carl Clauberg, and though classified as one of the worst Nazi ‘Angel of Death’ doctors, and convicted by the Soviet Courts as being a ‘war criminal’, was nevertheless freed by the Soviets as he was recognized as being the ‘Father’ of artificial insemination.

 According to these reports, Doctor Clauberg was released by the Soviets after serving only seven years of his sentence in return for turning over to the KGB his hidden files on his Nazi artificial insemination experiments and, more horrifically, the frozen sperm of the former Nazi Dictator, Adolf Hitler.

 Upon their receipt of the Nazi files on artificial insemination, along with Hitler’s frozen sperm, the Soviet Politicheskoye Buro (Politburo) authorized the experiments to ‘resurrect’, ‘if possible’, a child bearing the ‘genetic markers’ of Adolph Hitler.

 Doctor Clauberg then brought to the GDR (Communist East Germany) the wife of Adolph Hitler’s, Eva Braun, youngest, and most devoted to the Third Reich, sister, Gretl to be the ‘surrogate’ mother for the intended offspring of the Hitler’s frozen sperm. It was ‘reasoned’ that the combining of the genes between Hitler’s sperm and Eva Braun’s closest family would produce for the Soviets a ‘near match’ of what a child of Hitler and Eva Braun would have been, should one have been born.

Upon the birth of Angela Merkel in 1954 it was ‘agreed upon’ by the Soviets, Americans and the Vatican, that she would be ‘placed’ under the ‘control’ of the Catholic Church through its ‘connections’ with the GDR Lutheran Church, and whom she was in fact placed with. Doctor Clauberg, after the birth of Hitler’s Daughter, and upon his return to West Germany was promptly imprisoned and then murdered almost two years later while still in custody of the West German and Americans.

 In the, aforementioned, ‘agreement’ between the Soviets, the Western Powers and the Vatican, the ‘ascendancy’ of Hitler’s Daughter to power could not be achieved until the Vatican also brought to power a German Pope, and which was accomplished in 2005 following the death of Pope John Paul I, and which then brought to power the former German Nazi Joseph Ratzinger, and who is now known as Pope Benedict XVI, and who assumed the Leadership of the Roman Church on April 20, 2005 following his election the previous day.

 (It goes without mentioning the significance of the present Nazi Pope taking power on the 116th birthday anniversary of Adolph Hitler.)

 Quickly following the Nazi German Pope to European power, Hitler’s Daughter was elected as the Chancellor of Germany on November 22, 2005, and which is one of the most significant dates for the World Globalists, as it was on November 22, 1859 that the ‘final assault’ upon Christianity was made with the publishing of Charles Darwin’s “On the Origin of Species by Means of Natural Selection”, and whose intention of fragment the Western Worlds peoples from their truest origins, and meanings, has succeeded beyond their expectations.

Today, the Daughter of Hitler, holding the same office as her father, Chancellor of Germany, is now the most powerful human being on our Earth as she is also the President of the European Union (EU) and the head of the powerful Western Economic Block known as the G-8.

 More concerning, however, is that her Fathers dream of uniting Europe under German/Vatican control through war is now to be accomplished by his Daughter using deception. For as we have been taught from our ancient past, in the uniting of the Continent begins the destruction of our present World, and which as the New Comet runs, and as Mabus has died, begins the tribulations of awakening and Final Destruction of the dragons of old.

 

Fri, 01/27/2012 - 17:20 | 2103881 EscapeKey
EscapeKey's picture

That's an impressive load of crazy you've got there!

I suppose it makes up for the recent lack of Obama secret muslim communist crazy.

Fri, 01/27/2012 - 17:54 | 2103998 Calmyourself
Calmyourself's picture

Yeah I never believed any of that crap I just accurately describe him as an undeserving spoiled brat who refuses to allow the press to do any actual research on his background.. Still waiting for the grades and anything the man ever wrote at Harvard.. 

Sat, 01/28/2012 - 10:20 | 2105371 _ConanTheLibert...
_ConanTheLibertarian_'s picture

They say his real name is Barry Soetoro. He does look more Indonesian than African to me...

Fri, 01/27/2012 - 19:41 | 2104270 DanDaley
DanDaley's picture

Throw you a bone:  "My muslim faith."  Another Freudian slip.

http://www.youtube.com/watch?v=XKGdkqfBICw

Sat, 01/28/2012 - 07:44 | 2105268 StychoKiller
StychoKiller's picture

"Your Quantum mechanical theory is crazy!  But NOT crazy enough to be true!"

Fri, 01/27/2012 - 17:58 | 2104016 Rogue Trooper
Rogue Trooper's picture

LONG TINFOIL !!

Fri, 01/27/2012 - 18:59 | 2104157 Problem Is
Problem Is's picture

My dear 10 weeker, Chupacabra-322...

If you are going to take up 22 inches of column space anyway...

Just ask Tyler to guest post...

Fri, 01/27/2012 - 19:13 | 2104206 battle axe
battle axe's picture

Oh, come on, so no one in the mainstream media has picked up on this? No one in the German Media has picked up on this? What it was a conspiracy that Hitler's daughter lives and runs Germany and no one knew except KGB/VATICAN/America? Put down the Meth pipe. Buddy seek help.

Fri, 01/27/2012 - 22:13 | 2104705 New_Meat
New_Meat's picture

darlin' I think I'm in love ;-) - Ned

Sat, 01/28/2012 - 00:19 | 2104906 anonnn
anonnn's picture

Damn! Somebody leaked the SNL script.

Fri, 01/27/2012 - 17:07 | 2103852 kito
kito's picture

i heard merkel is the best at that board game Acropoly. she just passed GO and landed on Mykonos. shes got all three red properties now..santorini and cyclades were the other two she acquired....and shes got one of those get out jail free cards...they really come in handy when playing Acropoly......  

Fri, 01/27/2012 - 23:44 | 2104861 gravedestruction
gravedestruction's picture

Hmmm - playing Acropoly......

Sat, 01/28/2012 - 09:57 | 2105353 Archduke
Archduke's picture

funny.

 

but you do know monoploy is already a greeek word? (monos + polein).

Fri, 01/27/2012 - 17:13 | 2103866 EmileLargo
Fri, 01/27/2012 - 17:14 | 2103867 NotApplicable
NotApplicable's picture

Funny, nearly everyone's been saying that Germany will walk and the EU will fall, yet all we ever get is more and more concentration of power. Of course, "Germany" being a mere body politic, can't walk, as it has no legs! Merkel, OTOH, being a living entity, well, it looks like she's not going anywhere her masters (not to be confused with the Volksentscheid) don't want her to.

Fri, 01/27/2012 - 17:16 | 2103873 _ConanTheLibert...
_ConanTheLibertarian_'s picture

FUCKEDPIGGS: PIIGS+UK+France+Cyprus+Denmark+Estonia

ROTFL

Fri, 01/27/2012 - 17:21 | 2103886 EscapeKey
EscapeKey's picture

Huh? Danish public debt/GDP is about 42%.

Fri, 01/27/2012 - 17:37 | 2103938 EscapeKey
EscapeKey's picture

You mean unlike every other country in the Western World?

If the housing bubble pops (and isn't inflated away), yes, then Denmark will be in a sea of shit. As will China. And Australia. Spain as well. And the UK. And the US. And France. Oh, and how about all those loans to the former Eastern Europe by banks in Austria, Sweden, Germany, ...

Not to forget that the US implicitly underwrites all of this through credit default swaps.

All CDS spreads ought to be zero, because once this giant puss-filled bubble pops, we're all going down.

Fri, 01/27/2012 - 23:08 | 2104800 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Until then we will keep licking the balls of leprechauns for good luck and wish for the best. 

Sat, 01/28/2012 - 00:48 | 2104932 Lord Welligton
Lord Welligton's picture

The leprechauns sold their balls to a German bank.

Only Germans get to like Leprechaun balls.

Fri, 01/27/2012 - 17:35 | 2103940 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Conclusion: something's rotten in Europe

Fri, 01/27/2012 - 17:19 | 2103879 Money never sleeps
Money never sleeps's picture

Armada Markets just tweeted this stuff. Awesome! http://www.youtube.com/watch?v=Li0no7O9zmE

Fri, 01/27/2012 - 17:21 | 2103885 Bunga Bunga
Bunga Bunga's picture

Sorry Tyler, but EU is not Germany. Germany has been always a net money contributor to the EU for decades. And the profiteers of the Euro are not the German people but the big corporations owned by the upper 1%. The majority of DAX companies belong to foreigners, not to Germans as a study recently revealed.

Giving up national sovereignty will be a necessity to save the Euro. This will apply not only to Greece but to all EU countries including Germany. 

Merkel has the guts to tell the people the ugly truth what is necessary to save the Euro, while others hide. This is in the interest of Elites and they will benefit most. United States of Europe is coming faster than most think.

 

 

 

 

 

 

Fri, 01/27/2012 - 17:22 | 2103891 EscapeKey
EscapeKey's picture

The Germans have already been the scapegoats for two world wars. IF the Euro collapses, a new world war could be the net result, and I'm sure the Germans are pretty desperate to make sure they're not the scapegoats this time around as well.

Fri, 01/27/2012 - 17:25 | 2103898 Bunga Bunga
Bunga Bunga's picture

The winners write the history books, aren't they?

Fri, 01/27/2012 - 17:30 | 2103914 AnAnonymous
AnAnonymous's picture

Made me laugh.

Have you read the title? First word?

Being the "scapegoat" for a war that might or might not be is not the concern of Germans.

Their concern is to know whether or not they would rule the next blob to come after paneuropean project is achieved.

Germany is already insolvent. It is not better than the other european countries.

They are broke like the others.

They cant help out nobody.

And becoming sovereign over another nation is in this situation certainly not a punishment.

Fri, 01/27/2012 - 18:03 | 2104022 Bunga Bunga
Bunga Bunga's picture

Their concern is to know whether or not they would rule the next blob to come after paneuropean project is achieved.

How this? Germany has never been a souvereign country since 1945. And there has never been and there is no peace treaty after WW2.

Germany is already insolvent. It is not better than the other european countries.

Right, most developed countries are actually insolvent. What is done is kicking the can down the road.

 


 

 

 

 

 

 


Fri, 01/27/2012 - 18:50 | 2104142 groundedkiwi
groundedkiwi's picture

It is not a road, it is a dead end street. One way! No exit!

Sat, 01/28/2012 - 04:09 | 2105129 AnAnonymous
AnAnonymous's picture

If so, then the consequence is that an insolvent country can not bail out another country.

In Europe, no combinaison of countries (eg:France plus Germany) can help the others out.

Claiming that Greece, Portugual or another are bailed out is unfounded.

What is going on is an association of insolvent countries that want to acquire the critical mass required to deal with their insolvency (kicking the can and latter repudiation of debt) more easily.

Germany is working at the moment at getting at the top of that movement.

Fri, 01/27/2012 - 21:58 | 2104678 New_Meat
New_Meat's picture

"Made me laugh."

That's rather high on the text-decision-tree.  Easily satisfied, but one wonders what the laugh signifies.  Is it humour?  No evidence of that in all of its correspondences.  Is it ... ???

- Ned

Fri, 01/27/2012 - 17:44 | 2103967 non_anon
non_anon's picture

ah, yes, The Balfour Declaration of 1917- Jewry Screws Germany

 http://www.youtube.com/watch?v=Q0AxFf9Rpac

Fri, 01/27/2012 - 19:52 | 2104311 Duke of Con Dao
Duke of Con Dao's picture

what a piece of crap. almost every single title card can be blown to smithereens by some

critical research... wow, 400+ hits since March. Don't underwhelm me!

here's something that has more truth in it and far far funnier... http://www.youtube.com/watch?v=AFA-rOls8YA

Rap Battle of the Century: Adolph Hitler v. Darth Vader 

Fri, 01/27/2012 - 17:25 | 2103897 AnAnonymous
AnAnonymous's picture

The others hide?

Either some US citizens start to believe their own spin or they come with cheaper propaganda by the day (which they do)

The others do not hide, they work actively on suppressing sovereignty from european nations on the open.

They are drafting treaties in this direction, keep telling that constitutions should include golden rules on debt etc...

All the others walk in the open.

The propaganda strand in here was that Germany opposed that walk.

Which they never had.

Fri, 01/27/2012 - 17:28 | 2103902 Bunga Bunga
Bunga Bunga's picture

You have to distinguish between "work actively" and telling people the truth

Fri, 01/27/2012 - 17:32 | 2103925 AnAnonymous
AnAnonymous's picture

What do you mean by telling the truth?

The others tell the truth. They have told numerous times that taxation power must be transfered to European supranational state.

Cant blame them if some have not yet copied the message.

Fri, 01/27/2012 - 22:18 | 2104714 New_Meat
New_Meat's picture

spelling algorithm malfunctions noted: "cant" :: "Empty, uncritical thought or talk"

Yep, that'z he/she/itz modus.

- Ned

Fri, 01/27/2012 - 17:27 | 2103903 Korbin Dallas
Korbin Dallas's picture

Right now, Greece is probably regretting sending Leonides to Thermopylae.

Fri, 01/27/2012 - 17:32 | 2103926 non_anon
non_anon's picture

the ancients have nothing on todays slavery

Fri, 01/27/2012 - 22:21 | 2104716 New_Meat
New_Meat's picture

u'v gotta' be a'shittin' all of us.

Or u have no idea/clue/...

- Ned

reddie on ya!

Fri, 01/27/2012 - 17:33 | 2103927 debtor of last ...
debtor of last resort's picture

Zum kotsen.

Fri, 01/27/2012 - 17:34 | 2103932 Money never sleeps
Money never sleeps's picture

Kyle Bass on when the shit is going to hit the fan: http://bit.ly/ywzqNI

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