Observations from Germany

English language haystack
Post Reply
bailouts4ever
Bronze Member
Posts: 127
Joined: 08 Oct 2011, 15:36

Observations from Germany

Post by bailouts4ever » 26 Jan 2012, 09:29

Hello everybody,

In my private and business life I meet with lots of entrepreneurs. Over recent years these people have got to know me as a "guy predicting doom". So over the years I have grown myself a reputation as being quite well informed about what's going on and being quite realistic about what things may happen around us - that not only brings me often interesting conversations but also creates some interest in my opinion.

Over the last months I had to recognize the following trends for the economic world around me in Germany:

a) German media (even large, daily papers with reputation) publish "the truth" not just inbetween the lines but straight out.

b) Parts of the general public thus start being pressured by the thought of a currency disaster.

c) A variety of entrepreneurs (and not the small ones) have well started being concerned about our currency, the economic and monetary system. Thus, I personally know quite a few people what have started preparing themselves and their companies for a potential impact.

Funds are reallocated, accounts moved out of the Euro (mostly into CAD, NOK and CHF), retirement funds shifted, insurances layed off or closed.

Many entrepreneurs have started moving out of the Euro. Funds are still not heading into PM but rather into "non-Euro" and "non-financial" investments.


d) The rest of the populus are apathetic and watch the snake come closer.

Just for your information.
Greetings.
0.00 € is what your account statement will show on a long enough timeline.


bailouts4ever
Bronze Member
Posts: 127
Joined: 08 Oct 2011, 15:36

Re: Observations from Germany

Post by bailouts4ever » 27 Jan 2012, 11:24

Here's an example of what I meant about "even large, daily papers with reputation publish the truth":

Interview of Jean-Claude Juncker with "Der Spiegel" in which Juncker is asked about him lying about EU emergency meetings on the Euro rescue.

http://www.spiegel.de/spiegel/print/d-78602564.html

Quote:
SPIEGEL: Herr Premierminister, Sie sind Christdemokrat und Katholik, deshalb wollen wir mit Ihnen über die Zehn Gebote sprechen.

Juncker: Ich ahne schon, worauf Sie hinauswollen.

SPIEGEL: Kennen Sie das achte Gebot?

Juncker: Sicherlich. Du sollst nicht falsch Zeugnis reden wider deinen Nächsten.

SPIEGEL: Das nehmen Sie offenbar nicht ganz so ernst. Vor gut zwei Wochen haben Sie einen Bericht von SPIEGEL ONLINE über das Geheimtreffen einiger EU-Finanzminister zur Lage in Griechenland dementiert, obwohl in Luxemburg schon die Staatskarossen vorfuhren.

Juncker: [...] mussten wir die Existenz des Treffens leugnen. Andernfalls wäre der Kurs des Euro gegenüber dem Dollar, der ja wegen Ihrer Meldung schon gesunken war, katastrophal abgestürzt.

SPIEGEL: Wollen Sie damit sagen, dass man als Finanzminister im Zeitalter globaler Kapitalmärkte den Menschen nicht mehr die Wahrheit sagen darf?

Juncker: Ich habe auf Ihre Frage keine schlüsselfertige Antwort. Mein Hauptaugenmerk ist darauf gerichtet, die Menschen vor Nachteilen zu bewahren. Deshalb bin ich geradezu gezwungen, dafür zu sorgen, dass keine gefährlichen Gerüchte in Umlauf kommen. Wegen eines falschen Dementis renne ich jedenfalls nicht sofort zu meinem Beichtvater. Der liebe Gott versteht von den Finanzmärkten mehr als viele, die darüber schreiben.

In other words: He's a liar and he's fine with it - as long as the end justifies the means. And in the same interview is he also states "Athens is not broke"...

As I said, everybody in Germany can see what we are dealing with - the only question is: Do people want to see?
0.00 € is what your account statement will show on a long enough timeline.

Adamus
Gold Member
Posts: 1403
Joined: 06 Oct 2011, 08:29

Re: Observations from Germany

Post by Adamus » 27 Jan 2012, 12:13

[quote="bailouts4ever"]Here's an example of what I meant about "even large, daily papers with reputation publish the truth":
Last edited by Adamus on 27 Jan 2012, 19:25, edited 2 times in total.

bailouts4ever
Bronze Member
Posts: 127
Joined: 08 Oct 2011, 15:36

Re: Observations from Germany

Post by bailouts4ever » 27 Jan 2012, 14:40

@Adamus:

Sorry, don't get your point, right now.
0.00 € is what your account statement will show on a long enough timeline.

Post Reply