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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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RyanM Wrote: Sep 09, 2012 11:29 PM

On 12 August I was listening to Gerald Celente of Trends Research. Celente said we should pay close attention to the day after 9/11, 12 September. On that day the German Supreme Court is to render a verdict on whether Germany maintains its sovereignty. By this Celente meant whether Germany would bail out the Euro. If the Germans do this it means the end of their sovereignty. If the Germans say no it means the end of the Euro and the EU with a thumb in the eye to the US as well.

This is interesting. The German court has an opportunity to avenge Germany for the BS they received from the Treaty of Versailles and the surrender following WWII with the constant reminding of how evil they are by telling Brussels "not just no, but hell, no."
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RyanM Wrote: Sep 09, 2012 11:30 PM
The Germans haven't had this much power in Europe since late 1940 when they militarily controlled all of Europe, save Switzerland and Britain. Indeed, today they have even more power because the Baltic states are now independent while in late 1940 they were occupied by the Soviet Union. Britain then was the lone hold out militarily while today it still uses the pound, so nothing has really changed. And all of this without any jackboots outside of Germany.

I personally believe the court will cave over this issue not only because the pressure the globalists are exerting but because of the guilt instilled in the Germans over the years over the sainted "holocaust".
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RyanM Wrote: Sep 09, 2012 11:30 PM
Still, I have to note that most of the German people themselves are extremely PO'd over being told they have to bail out the Greeks (and being called Nazis by the Greeks despite all the money they have thrown down that rathole) and now it looks like Spain as well, so maybe the guilt trip might finally be thrown off over the idea by giving up the financial freedom of the only country in Europe that isn't suffering major economic problems that they now have to allow their nation to be looted by Brussels for the benefit of the deadbeats.
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RyanM Wrote: Sep 09, 2012 11:30 PM
I hope the court follows the advice Goering gave to his fellow defendants at Nuremberg when he said of the allies trying them "we should all tell them to lick out a__s."
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rbartlett Wrote: Sep 09, 2012 6:55 PM
Eurocrats would rather see their own families burn alive than the Euro collapse.
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Reginald10 Wrote: Sep 09, 2012 9:21 PM
And if things continue, they may see both.
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Marvin E. Fox Wrote: Sep 09, 2012 6:44 PM
A. Merkel objected to the ECB bailout until recently. I think she bowed to superior political focus, not her own good sense. If the ECB follows French Pres. F. Hollande's lead to bail out the weaker economies, and it appears it will, I believe the move may be the camel that breaks the German's financial back. The German economy seems to be holding up the Eurozone in the short haul. I don't think the Germans can keep that up for the long haul. It has been my opinion for some months that Germany, if pressed to hard, will quit the Eurozone in self defense. The eurozone might be able to survive a Greek vacuum, but not a German vacuum. I wish the Eurozo luck, but I don't see any luck in their future. It would be nice to be wrong!
Marvin E. Fox
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Blair31 Wrote: Sep 09, 2012 9:18 AM
Margaret Thatcher was right about the euro, the ECB, and the Eurozone.
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Steven668 Wrote: Sep 09, 2012 3:06 AM
Every English teacher I have ever had would have given me an F if I had turned in a paper like this. Rule Number 1 of expository writing is, NEVER use an acronym without explaining it at least once! The reader (me) is left to speculate endlessly on the possible meanings of "CSU," "ESM," "EU," "ECB," and "SPD."

I do not live and breathe European economic policy. From this article, all I get is that the German people mostly oppose something, and some politically important people agree, at least in part. Key information is missing, and I should not have to look it up myself.
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Mark in CA Wrote: Sep 09, 2012 4:38 AM
Steven, I too am wondering what ESM means. EU is European Union and ECB is European Central Bank. It sounds as if the ECB wants to place the burden of paying for the crushing debts of countries like Greece onto the backs of the German people. If I was a Kraut, I would be p.i.s.s.e.d off about being expected to pay for the deadbeats in Greece.
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citizen al Wrote: Sep 09, 2012 8:22 AM
ESM stands for European Stability Mechanism. it is a clearinghouse used to extract money from the solvent EU nations to give to the insolvent nations. in other words Germany floating the whole show
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RobertMN Wrote: Sep 09, 2012 8:35 AM
Watch what happens when the Pariah States of America (beginning with CA) start falling like dominoes, and they start looking to the rest of the United States to bail them out. I think then we'll start to "get it."
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amesser Wrote: Sep 10, 2012 12:49 PM
Thank You for defining ESM!
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hitthedeck Wrote: Sep 09, 2012 9:07 AM
ESM means spreading the wealth but the wealth is getting a little thin in Europe. Here in America we have OSM created by President Obama and the only wealth is held by those who are working and that area is getting a little thin also. Lets hope the very wealthy can hold on to what they have. They are the ones we depend on to hire the unemployed.
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