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.
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.
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.
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.