Tag Archives: germany

‘Acts of Desperation’ & Hyperinflation Trades

Stacy Summary: The ban on naked short selling in European government bonds and Germany’s 10 largest banks is apparently in place until March 31, 2011.  Via @NicAbbo77 here is text of German ban on naked short selling.  Regardless, the turmoil doesn’t seem as bad as post Lehman as many were warning yesterday and gold is off its all time euro high.  It seems to me the argument from bankers is that we are in an Afghan poppy like corner – we have to let the warlords grow poppies or else there will be Taliban chaos!  Failed states, failed markets.  Or as Max says, “Without fraud there would be no markets”   **UPDATE**: The final headline is from Denninger; and he says that there is also a ban on naked shorting of gold.

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Asia Craters, Euro Bellyflops, Germans Fantasize & Bankers Try to Blend In

Stacy Summary: h/t @marietta for the verbiage!

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Avoiding ‘catastrophe’ and seizing the finance ministry

Stacy Summary:  Good morning . . . ?

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Germany’s Exports Weigh on Europe

Stacy Summary:  Lots of German bashing in the comments.  And some Greek bashing.  Hopefully we can discuss more economic issues surrounding how to get out of the massive trade imbalances that have marked the past few decades and also the fiscal issues of many of these governments having expanded their deficits when they transferred massive amounts of money to bankers by buying their toxic assets last year.  By the way, I’m surprised Ireland is so high up on the trade surplus list; I wonder, however, if they are including all the US services that are then counted as exports?

Unbalanced Europe

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Germany backs bailout of Greece: yields plummet on Greek & Club Med bonds, euro rallies; Merkel denies the report [UPDATED]

Stacy Summary:  Of course, all the hedge funds and Goldman Sachs’ of the world knew they could count on the German government ultimately capitulating and paying off these debts to them; I am sure they had fun playing yet another game of chicken.  (@Phil/Germany and others from Germany, I’d like to know how this story has been playing out in your country; I believe the German population had to be promised that joining the euro would not leave them vulnerable to precisely this sort of event of bailing out other nations?  Thanks for your opinion in comments).  Merkel is denying the report, but it looks like the speculators have written the story for her.

Update:

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‘Fatal’ Greece? Speculative attacks and fleeing funds

Stacy Summary:  Good morning.

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Dollar Jibber Jabber

Stacy Summary:  Phase two starting to pick up?  Turmoil coming from Dubai, Germany & Greece1 month treasuries at 0.000%!

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Max Keiser: US Predators Sacrifice Workers as Lambs

Stacy Summary: Max on Russia Today only a few minutes ago.

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Global showdowns: Dollar vs Asia and EU speculators vs Germany

Stacy Summary:   The standoffs grow more tense.  Which sides are going to win?

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Max Keiser blog: Germany bans Monsanto GM corn

HeadlineGermany bans cultivation of GM corn

My comments: Monsanto is as much of copyright abuser as Disney. Monsanto, as I’ve written many times before, uses abusive copyright and patent laws to monopolize seeds; introducing ‘terminator seeds’ that are eunuchs incapable of reproduction along with other equally destructive products. This means prices for food go up. Way up. Are they helping farmers and poor people? About as much as Visa and Master Card and predatory pay check lenders. Monsanto treats seeds like a currency that can be manipulated. Do you really want Monsanto and Goldman sachs running seed banks? The last time I wrote about Monsanto, their PR machine smeared me within 24 hours.. I’ll keep you posted.

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