Austrian Billionaire kicks ass about ESM and debt politics in Austrian public TV:
One may or may not know Austrian self-made Billionaire Frank Stronach. Mr Stronach has managed to build himself a car supply empire known as MAGNA Group. A company with 115,000 employees and 30 billion USD revenues and NO DEBT, listed at the NYSE. See here: http://en.wikipedia.org/wiki/Magna_International
Stronach is known to be a tough guy and has just recently demonstrated how he kicks ass in an "interview" on ORF2. Funny to see that he starts talking before he has even been asked a question. When the reporter tries to intervene him taking initiative he brushes her off and keeps talking ruthlessly about lies, politics, debt, the financial system and the total disaster to come with the Euro.
Stronach as he states "...is always ready to tell the Austrians the truth..." and advocates founding a new party in Austria which is Pro-Europe but Contra-Euro.
See here:
Seems there is a growing number of people that try to "school the Austrian perspective"
Re: Haystack July 2012
Posted: 09 Jul 2012, 11:19
by bailouts4ever
Finland demonstrates "a tough line" against Euro rescue efforts and threatens to exit the Euro as "Finland will not hang itself to the euro at any cost and we are prepared for all scenarios":
Based on what the Finnish have done and said over the last two years in regards to the Euro rescue it seems that in the utmost European north there is still some sanity left...the further south you go the more craziness appears...
Re: Haystack July 2012
Posted: 10 Jul 2012, 17:11
by bailouts4ever
Public outcry after TV documentary "Der grosse Euro Schwindel" being aired in Germany:
In the TV documentary first aired last Monday at close to midnight in Germany the Euro, its design and the political powers (and lies) behind it are revealed. How tricks, cheats, lies and untruth were used to push the Euro onto the (European) people. It gets interesting when former German FinMin Hans Eichel clearly states the "he won't tell by which means he has tricked the Euro stability mechanisms repeatedly"...
"Everyone knew that the Euro had design flaws..." - but who cares...
Today King World News is reporting on an absolutely stunning development in the gold market. Acclaimed commodity trader, Dan Norcini, told KWN, “The swap dealers, (which is) a category of relatively large traders and big banks, for the first time on my records, are actually net longs in the gold market.” Norcini also noted, “Even back in 2008, at the height of the credit crisis, when there was a huge change of ownership in the gold market and traders were just jettisoning positions, the swap dealers never made it onto the net long side in the gold market.”
Re: Haystack July 2012
Posted: 14 Jul 2012, 22:21
by Indiana Jones
Maybe .... just maybe .... we'll have a very long term bullish signal .... (symmetrical triangle)