Posted on 09/05/2011 7:13:04 PM PDT by SeekAndFind
Someone commented in Business Insider:
This is too rich.... the Germans designed the EU and the Euro in the same way they design cars. They build them in a way that they cannot be unbuilt.
Or to make it even more precise, if you try to unbuild them, you end up destroying each and every part during the process...too bad you cannot trash the whole union and get a brand new one...that would be less expensive for everyone.
“Civil War” implies that these are no longer sovereign nations. I guess they are just provinces now.
The unions are declaring war on half the people in the US.
The Vice President is calling us barbarians, as civilization seems to begin its intended collapse.
Just about "go time", I'd say.
bump de bump.
Who writes this Junk. Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar. This kind of fear is what causes runs on banks.
RE: Who writes this Junk
Would you believe it is a report from Switzerland’s largest bank? (Do they have an agenda?)
RE: Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar.
With one major exception -— Germany is increasingly being asked to carry the burden of the many insolvent European countries and their citizens are getting sick of it ( Angela Merkel’s party just lost a big regional election with the EURO as a major issue ).
Imagine the Citizens of Texas being asked to bail out the bankrupt states of New York, California, Illinois, New Jersey and Michigan simultaneously and you begin to understand how the Germans are feeling today.
But the cost of staying in and endlessly supporting the deadbeats in Greece, Portugal, Southern Italy, Spain and so on is going to be a lot higher.
And our favorite past Senator Phil Gramm (the father of sub prime mortgages who spearheaded bank deregulation...also created the Enron Loop Hole where he wife served on both board of directors and audit committee) works at UBS. sarcs
The show “Yes, Minister” and “Yes, Prime Minister” were the two best places to have the whole “euro-ideal” explained to mere mortals:
http://www.youtube.com/watch?v=K-Xvy1r4Pm8
http://www.youtube.com/watch?v=GJyg6728ozg
Imagine the Citizens of Texas being asked to bail out the bankrupt states of New York, California, Illinois, New Jersey and Michigan simultaneously and you begin to understand how the Germans are feeling today.
Precisely that is what is going on in Europe and coincidentally within the US now between the producers and the moochers.
But Texas is being asked to bail out the progressive sink holes!
So Germany has a decision to make. As a leader of the EU, Germany has a lot of influence in the world. But independently, without the EU, Germany just becomes a second or third tier country.
Power is gonna cost ya. No free lunch.
When states go bankrupt, they should revert to territorial status and lose their Senators and Representatives.
Obama is terrifying the EU, they realize they are on their own. Gold at $1900 again today. Should see global stock tanking again tomorrow. Omullah speech on Thursday shall presage a final tanking down for the week on Friday on equities. Remains to be seen how low banks go without some major intervention again. Buffet already propped up GS and BAC. He can only do so much.
They’re screwed either way, just like we are.
“Germany dumping Euros is like Turbo Timmy getting out of U.S. Dollar.”
Actually, it’s not. Germany had the DM long ago and can go back. We’ve pretty much always had the dollar. Germany is a sovereign nation, last I checked.
If the US used Ameros and changed back to the dollar it would be analogous.
As long as the Euro exist it can’t be unwound. How do you determine which Euro are better than others.
You must have once tried to work on a Mercedes Benz, huh.
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