Friday, 14 May 2010

Sour Kraut


Germans voting last week

Economics expert Christoph Schmidt told BILD: “We did really not want to have European monetary union like this. It happened the opposite way to what we Germans were told at that time under stable monetary policy and with an independent central bank.

We are the Schmucks of Europe

19 comments:

Captain Ranty said...

I see more and more reports of Germany returning to the Mark.

Some say it will happen today, and that container loads of new notes are ready to be swapped for the dumped Euros.

The EU experiment is fatally wounded.

I predict a death, and a return to sanity.

CR.

Ampers said...

OH, Aren't you forgetting that the blueprint for the EU was drawn up by Hitler's government in the early forties, 1941 or 1942, and there is no way the Germans will allow their master plan to collapse?

Captain Ranty said...

Forgot to add a link:

http://www.shtfplan.com/headline-news/rumor-or-breaking-news-germany-to-exit-the-euro-this-weekend_05122010

CR.

bofl said...

the politicians and their backers dream of empire-at any cost.

after all it is never them that pay is it?

the euro will never work.
the members are too diverse.

the head of deautsche bank has just come out and said that greece will never be able to pay off its debt......

and thats the same for many countries.....even the u.s which has led the world in output and wealth since ww2...........

trillions pissed away and all the numbers fiddled...........

the shit hasn't even started yet.....and our lemons keep squabbling over £6bn.........wankers!

http://uk.finance.yahoo.com/news/greece-may-never-be-able-to-pay-off-debts-says-deutsche-bank-chief-ackermann-tele-a061f1ff2909.html;_ylt=AkRvEZzGcrGGHohFx3hvzFjKk7J_;_ylu=X3oDMTE2aHFoa2RqBHBvcwMxBHNlYwN0b3Atc3RvcmllcwRzbGsDZ3JlZWNlbWF5bmV2?x=0

Anonymous said...

Captain Ranty

I believe the complete opposite. The Eurozone project is dead but only as it stands. It was always political, never economic. And the polititians still rule, OK!

There will be a power grab from the centre in Brussels. All Government debt of Eurozone nations will be annexed along with the powers to tax and spend. When you look at total Eurozone GDP and total Eurozone debt, problems are solved - for the minute, anyway. And it will divert attention to the US which is in just as deep a s**t as anywhere else.

Whether the populations of each individual country will stand for this is a matter of opinion. But, just with TARP in the US, a gun will be put to their heads - either you do as we say of we blow the whole economy sky high.

Ron Broxted said...

I simply *love* that banner...

Ooooh Matron !

WV: horked - I have been - often !

RantinRab said...

The eurozone is Britain, except on a larger scale.

Germany, (employed and paying taxes), is having to fork out to maintain Greece, (dolescum lazy bastards).

Next thing will be a giant Sky dish being erected above Athens and Currys delivering a plasma. Courtesy of the tax payer!

Volkswagen said...

Sarkozy banged his (tiny) fist on the table and threatened to leave the Euro, unless Germany bailed out Greece:-

http://www.telegraph.co.uk/expat/expatnews/7723782/President-Nicolas-Sarkozy-threatened-to-pull-France-out-of-euro.html

Germany should pull the fucking plug on the lot of them

dednecdo said...

RantinRab,

It's not quite that simple though the comparison twixt Britain and the Eurozone is a good one.

There is a train of thought that Germany has been making lots of stuff and selling it to the PIIGS.(Including by bribing their Governments) Germany's trade surplus was effectively dumped on the spendthrift Governments and populations and bought with the credit that was priced at German rates not at PIIGS rates.

The ECB was run at the behest of Northern European industry, mostly German, in part for the benefit of exports to the rest of the world. Interest rates were set as if the entire Eurozone was as productive as Germany when it most certainly wasn't. The same too with Government debt - rated at German levels not at PIIG levels.

The fiscal union was supposed to bring the different economies to a compromise - the PIIGS spending far more carefully and being more productive and the Germans not being quite such an industrial powerhouse by accepting a less profitable position on the world markets. Neither leopard changed their spots.

It was bound to happen. As such it is no surprise to see the European Commission now proposing it should have the power to vet member states' budgets (including ours) before they are passed in their respective Parliaments.

A beneficial crisis for Brussels. They don't even have to engineer them, just be ready with the stock 'ever greater union' solution to whatever problem appears.

Catflap said...

I try to look at the positives about the shit to come.
All PC and H&S bollocks will be priced out the market as an unaffordable indulgance as will a lot of green shit.
When people no longer can afford insurances they will not be happy with just a crime number off the local plod.
They will demand real Justice against the Criminals who rob or fuck up their stuff.
A teenage pregnancy will again be seen as the disaster it always was because the safety nets will be gone.
parents will demand their kids do well at school.
Their life and that of the parents will literaly depend on it.
In other words a lot of stuff that has pissed me off could be resolved.
A high price to pay for sanity.I admit.

I sent a mail by the way OH.

Anonymous said...

Hobson's choice
Europe or American offshore latrine.

I'lle stick with Fritz,Pierre nd Luigi

Oh whats that I hear from some
toothless lion chained to an House of Commons wheely bin ,"we can stand alone"

Get real ,pour another Expresso

Fully awake

Captain Ranty said...

Anon 11:33,

I'm no expert (obviously), but I pray daily for the failure of this bastard Union. I love Europeans, and I have good pals all over the continent, but I hate the EU with a passion. It sucks the very lifeblood from us and gives us petty, childish regulations in exchange.

I agree that there may be more than a little wishful thinking in my earlier post.

CR.

Catflap said...

Captain Ranty:
British folk are not the only one's in Europe who are pissed off with the EU construct.
We are just made to feel that way by Progressive Europhile Socialist shit based in our country.
No doubt about it,every other European country has its own EU cheer leaders oppressing and insulting skeptics as well.

bofl said...

most germans are pissed of with the EU.

most were actually against the euro..

papers like the Frankfurter Allgemeine Zeitung have opposed the EU saying it was worse the the USSR.

still when did what the population want ever stop politicians?

schmucks indeed.

bofl said...

talking of politicians fucking things up.........

http://www.dailymail.co.uk/news/article-1278387/Milton-Keynes-hires-15-times-interpreters-decade-ago-cope-residents-84-mother-tongues.html

i recall all this was done 'to rub the rights' noses in it'......

such honourable shits we have in the labour party.

caesars wife said...

Steven Timms has been stabbed ! (not life threatening) , wonder if woman got an answer to where has all the money has gone.

CW is a little troubled , do I take it that we (I) have misplaced our trust on the EU ?? , and been given a pup ?? I certainly didnt vote for that ! I think I get the drift , my appologies , should have realised when his buddy never spoke about it as cost reduction plan !

Dont know what to say ! I just wish he had told us before hand wether he was for in or out in thought and deed and not just word.

There is a chance it will tank anyway and become untenable as an idea as its costing us a lot of money just keep it going , but that isnt the point .

just shocked , its all clear now , will have a think about it .

Kit said...

How obvious does it have to get that the Euro is a power grab by Brussels and is economically destructive before the people of Europe wake up?

I honestly think that the Europeans are like Lemmings, they will die before they admit they have been completely fooled. Germany is certainly not going to switch back to the Mark over the weekend, that really is wishful thinking. I just give thanks that we have mananged to avoid being trapped in the Euro.

Anonymous said...

" bofl said...
the euro will never work.
the members are too diverse."

That's being polite... it's pretty well blindlingly obvious that the further away from Norway a country is in the EU the more indolent, corrupt, and subsidy-dependent it tends to be.


" Catflap said...
I try to look at the positives about the shit to come.
All PC and H&S bollocks will be priced out the market as an unaffordable indulgance as will a lot of green shit."

Won't happen.
For "PC" to change, takes time, and the eventual disintegration of a centralised media (i.e. the bbc);
For H&S, it may be reduced due to the assault on the state's waistline, but for a lot of industries where "corporate social responsibility" (i.e. blame dodging) is in vogue, or unavoidable (in dirty industry), it's going nowhere - insurance...;
Green stuff is going to grow, but it may change as it comes under pressure from a potent force of critics, but the writing's on the wall because of the continuing preposterous global population growth, and the effects that will have on us and our need for energy and resource security.

Anonymous said...

" bofl said...
the euro will never work.
the members are too diverse."

That's being polite... it's pretty well blindlingly obvious that the further away from Norway a country is in the EU the more indolent, corrupt, and subsidy-dependent it tends to be.


" Catflap said...
I try to look at the positives about the shit to come.
All PC and H&S bollocks will be priced out the market as an unaffordable indulgance as will a lot of green shit."

Won't happen.
For "PC" to change, takes time, and the eventual disintegration of a centralised media (i.e. the bbc);
For H&S, it may be reduced due to the assault on the state's waistline, but for a lot of industries where "corporate social responsibility" (i.e. blame dodging) is in vogue, or unavoidable (in dirty industry), it's going nowhere - insurance...;
Green stuff is going to grow, but it may change as it comes under pressure from a potent force of critics, but the writing's on the wall because of the continuing preposterous global population growth, and the effects that will have on us and our need for energy and resource security.

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