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Author Topic: E.U. Warns of Possible Recession in Eurozone.....  (Read 958 times)

Offline MMC

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #10 on: November 11, 2011, 09:49:22 AM »
I did not say that the problem with the Eurozone is the 16 other countries.

I expect that the 16 other nations feel that way because Germany is the only nation holding the Eurozone together.

The reason the Eurozone will fail is because the 17 nations all have divergent national interests, and those become much more apparent when the economy busts.

What I meant was who is always putting the pressure on all the others to help carry themselves? While using the US and the IMF.  :)

This is going to turn into another MMC anti-France rant isn't it?

 :rant:  :D

 :D  "What," I can't help it trouble just seems to follow those guys around.  >:D
"To destroy this invisible government, To dissolve this UNHOLY ALLIANCE between Corrupt Buisness and Corrupt Politics is the First task of the Statesmanship of the DAY" ~Theodore Roosevelt~ Steward of The People!

Offline Peter1469

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #11 on: November 11, 2011, 01:42:15 PM »
I did not say that the problem with the Eurozone is the 16 other countries.

I expect that the 16 other nations feel that way because Germany is the only nation holding the Eurozone together.

The reason the Eurozone will fail is because the 17 nations all have divergent national interests, and those become much more apparent when the economy busts.


What I meant was who is always putting the pressure on all the others to help carry themselves? While using the US and the IMF.  :)






Germany was.  And the German people are tired of it. 

Offline MMC

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #12 on: November 12, 2011, 01:40:45 AM »
I did not say that the problem with the Eurozone is the 16 other countries.

I expect that the 16 other nations feel that way because Germany is the only nation holding the Eurozone together.

The reason the Eurozone will fail is because the 17 nations all have divergent national interests, and those become much more apparent when the economy busts.


What I meant was who is always putting the pressure on all the others to help carry themselves? While using the US and the IMF.  :)






Germany was.  And the German people are tired of it. 

Yet Germany was not the one that pushed for the Euro. moreover it isn't Merkel running around attempting to put pressure on those that are not part of the EU. Althought I can see where the Germans would be upset with France always seemingly being the One to Dictate terms and work out all these Negotiations. Not to mention being the ones to always have to foot the bill.
"To destroy this invisible government, To dissolve this UNHOLY ALLIANCE between Corrupt Buisness and Corrupt Politics is the First task of the Statesmanship of the DAY" ~Theodore Roosevelt~ Steward of The People!

Offline Peter1469

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #13 on: November 12, 2011, 07:43:26 AM »
Yes the Germans did not push for the Euro.  They were still absorbing East Germany and they were still living down the stigma of WWII.

But now they are the Euro and they know it.  The Euro is Germany's chance to achieve what it has not been able to achieve through war over the last 1000 years- mastery of Europe.  But, most Germans now believe that this is not worth what it will take.  They are sick and tired of bailing out lazy people.  They got screwed when they converted to the Euro while other nations benefited.  They are getting screwed now by transferring billions of Euros to nations that can't manage their budgets and whose people are lazy and will not change their ways.

 Yes, Merkel is running around trying to make the Euro work.  But she has been doing poorly in local elections, it is likely her government won't last much longer.  The Germans have woken up and don't want the NWO. 

Offline Conley

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #14 on: November 12, 2011, 08:40:49 AM »
The DM was one heck of a currency. I bet the German people miss having that.

I am certain much of the anger in Germany over the economic fiasco is being directed at Merkel, she'll have a battle on her hands to stay in office.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

Offline Peter1469

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #15 on: November 12, 2011, 09:45:28 AM »
Germany has fired up the printers and are printing out lots of new DMs.

I wonder why that is?   8)

Offline Conley

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #16 on: November 12, 2011, 09:47:19 AM »
Germany has fired up the printers and are printing out lots of new DMs.

I wonder why that is?   8)

Are they really? I had no idea. Excellent.  ;D
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

Offline Conley

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #17 on: November 12, 2011, 09:50:26 AM »
Interesting article: http://seekingalpha.com/article/302290-germany-is-already-printing-money-deutsche-marks

One who is talking about this is Dr. Pippa Malmgren, a former economic advisor to George W. Bush and a former advisor to Deutsche Bank (DB). According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU.

If this is true, and Malmgren is correct, then the euro will absolutely implode. Germany is widely held to have the strongest balance sheet in the EU (though even the Head of its Central Bank admits that the country’s real Debt to GDP is over 200%).

However, compared to the PIIGS, Germany is relatively rock solid from a fiscal point of view. It’s also the largest economy in the EU. So if the Germany pulls out (70% of Germans believe the euro has no future) then Europe will experience a wave of defaults starting with Greece and spreading throughout the PIIGS.

We also have reports of Sarkozy and Merkel screaming at each other in recent meetings. France has announced plans to possibly nationalize several banks just “in case.” And Germany has dropped more than a few hints that it’s fed up with the situation.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

Offline Peter1469

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Offline Conley

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Re: E.U. Warns of Possible Recession in Eurozone.....
« Reply #19 on: November 12, 2011, 09:54:44 AM »
That article quotes Malmgren as well. If this were really happening wouldn't it be more widely reported? It seems it would be tough to keep it a secret. I don't doubt that Germany will end up there, just not sure it has happened yet. The wheels are probably in motion. I wonder if announcing it publicly could save Merkel.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -Eisenhower

 


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