GERMANY

November 12, 2016 WW3: Over There, Over There

by John Galt July 30, 2016 23:30 ET Ah yes, the joys of war in Europe. Think it can not happen again? This fictional account is to remind everyone just how close America and NATO are to engaging in a conflict it is neither ready for nor desires. While we brag about our whiz-bang technological advantage, there is a difference between starting a conflict with Russia and finishing it conventionally on their territory. Many a nation have tried to conquer the Russians and many have failed. Without the American public being…


The Bail-In Bankster Model of Cyprus Results: Cyprus Stock Market down 99.2%

by John Galt July 8, 2016 23:00 ET On January 1, 2016 the new bail-in rules became the rule of law for the member states of the European Union. Hugo Dixon penned a column for Reuters on January 4th which revealed how tough the terms were for the bail-in protocol (excerpted): The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors…


Ignore Today’s Stock Market, Watch the Smart Money

by John Galt June 28, 2016 21:30 ET Poindexter and the rest of the nerds are trying to send you a message. Can you hear them? Maybe this will help: The oversold market finally had a dead cat bounce. Why does anyone with a brain call it that? Look at the volume last Friday: Today’s “rally” was not even close to the panic selling levels nor yesterday’s volume totals. So what indicators are telling the truth about the equity markets? The smart money; which does it every time during every crash…


06.24 US MARKET DEATHBURGER: Black Friday Brexit Burgers Now Being Served

by John Galt June 24, 2016 02:00 ET I have never been so happy to be so wrong in all my life. I honest to God did not think my limey crazy assed brethren had the jewels to vote for Brexit, but they did. If TPTB do not stop them through a technicality or loophole in the Parliament, then this move is nothing more than a vindication of the insanity we are witnessing in American politics where an unconvicted felon is allowed to run against a reality TV show millionaire/billionaire. Thus…


06.23 BREXIT Updates: The End of Great Britain, the Start of French Britain

by John Galt June 23, 2018 18:00 ET I remember reflecting on history at one time where I said if the United Kingdom ever succumbs to the evil lure of globalism and refuses to act proud and independent, then the Western world may well be lost. It would appear, barring a miracle, that the news will reflect a victory for “remain” and the British empire which was once a proud lion, will instead join the world community of cowardly lions which submit to every whim of the global banking syndicates. Of…


Did Russia Just Order a Full Mobilization of its Armed Forces for War?

by John Galt June 14, 2016 15:35 ET The news this week has been moving hot and fast in Eastern Europe as the US Military via NATO has announced that 4 battalions will be re-positioned in Estonai, Latvia, Lithuania, and Poland to counter “Russian aggression” even though there has been no direct evidence presented of an impending Russian invasion of any NATO nation. CNN covered this story yesterday: NATO chief: 4 battalions to Eastern Europe amid tensions with Russia Excerpted: Each of the battalions is expected to consist of up to…


German 10 Yr Bund Yield Goes Negative for First Time in History

by John Galt June 14, 2016 04:50 ET Just when anyone in the investing world thought it couldn’t get any more nuts than it has been, German government bonds send the most alarming signal ever with their 10 year Bund yield dropping into negative territory for the first time in history: Meanwhile, US 10 Year Treasuries are now have a yield with a 1.5 handle this morning: If the US 10 year breaks below 1.50% that usually correlates with a stock market some 10-15% below current levels. This really ties the…


Ambrose Evans-Pritchard: Why I am voting to leave the EU

by John Galt June 12, 2016 20:10 ET In what can only be called a stunning editorial in tonight’s edition of the UK Telegraph, Ambrose Evans-Pritchard hammers it home with a stunning rebuke of the pro-European Union forces inside the United Kingdom with this editorial: Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU Holy smokes! This is somewhat earth shattering as the conventional economic thought inside England was to remain and muddle through with a partnership both with France and…


Another non-Chinese Oops: Germany Raises Objections to the Greek Bailout

by John Galt August 12, 2015 20: 35 ET Good thing the Euro-crisis is resolved, right? Uh, no. From the Financial Times earlier this evening: Germany criticised an outline deal between Athens and its bailout monitors as insufficient, upsetting eurozone attempts to smooth the way to a new €85bn rescue for Greece. Germany’s finance ministry outlined its objections in a paper circulated to its eurozone counterparts just hours before the Greek parliament was due to debate on Wednesday the painful austerity and reform package that had been reluctantly accepted by the…



Cold War v2.0: NATO Establishes Direct Hotline to Russian Defense Ministry

by John Galt May 3, 2015 09:50 ET The German newspaper Frankfurter Allgemeine Zeitung breaks the news which should have every European civilian deeply concerned: NATO Initiates Hotline to Russia’s Defense Ministry The story should worry everyone. This course of action has not occurred since the Cold War which infers that indeed, NATO military leadership feels there is a growing risk of a direct conflict between the two powers. From the article (Translated via Google): NATO has for the first time since the Cold War ended again on a direct line…


The Grexit Threat Accelerates next Week with Tsipras Meeting Putin in Moscow

By John Galt April 5, 2015 18:00 ET While the European Union continues its tizzy over the possible threat of the colony formerly known as Greece daring to do what is best for its own people, the Greek Prime Minister is preparing an exit strategy by looking east to the future alternative to the ECB/Fed/BoE/IMF monopoly on emerging economies and debtor nations. As the Russians and Chinese prepare to surprise the West with the AIIB, Greece looks to hitch its star to Moscow as a viable alternative to the idiocy known…


Fitch Continues the Downgrade Parade Reduces Greece to Junk Status Down to CCC

by John Galt March 28, 2015 09:00 ET In preparation for the impending Grexit, Fitch has decided to downgrade Greece further into junk status by reducing the rating on their credit quality to ‘CCC’.  From the Greek Newspaper Ekathimerini: Fitch downgrades Greece amid bailout uncertainty (excerpted) Ratings agency Fitch has downgraded Greeces sovereign rating amid growing uncertainty over the new government’s pledge to overhaul reforms needed to restart bailout loan payments and avoid default. The agency late on Friday said it had lowered the country’s rating deeper into non-investment grade status…


Now Belgium wants to Retrieve its 200 Metric Tons of Gold from UK Depository

by John Galt February 4, 2015 17:55 ET Suddenly no one trusts the former “allies” in Western economic capitols any longer it would appear as now Belgium joins the growing list of nations retrieving and shipping their gold from overseas depositories and storage to place in their own nation’s safe hands. The story from the Belgian national broadcaster, RTBF earlier today (translated via Google): Belgium will repatriate 200 tons of gold stored in Britain Belgium wants to repatriate 200 tonnes of gold worth $ 6.2 billion. Ingots which are in Britain….


03.03 European Stock Markets Down 1%+ Due to Russian Bear Scare

  by John Galt March 3, 2014 06:58 ET The Asian debacle has now rotated around to European stocks with the Ukraine crisis growing more tense by the moment. Most of the European markets are down 1%+ with some areas taking this weekend’s developments harder than others. The UK FTSE 100 is down about 1.7% at the time of this posting: (all charts from YahooFinance)   The German Dax is the real story taking the prospects of a possible shooting war to its east and trade sanctions against its largest energy…


When Empires Go Wussy UK Edition – New 5£ Note Worries about Offending Germany

  by John Galt October  15, 2013 19:30 ET Winston Churchill now joins the long list of historical victims of political correctness but the proverbial “stiff upper lip” of the British Empire now looks more like the swollen lip of a sissy trying to fight the neighborhood bully. PC has long been a problem but rarely has a central bank and a nation elected to disavow a major historical figure who played a key role in saving their nation from Nazi domination in exchange for concerns that their former enemies might…


Another See I Told You So as Merkel Faces Scrutiny over Communist Past

  by John Galt May 14, 2013 05:45 EDT On September 11, 2011 yours truly posted the article at the link below: The Future of the Capitalist World is Controlled by 2 Students of Marx There were many comments via email that I was nuts. The sources were dubious according to their understanding and that I was simply looking to place the “Communist” tag on anyone who had a different worldview than I held. In the article I was quoting sources in Germany which warned about her past involvement with the…


Marxist Merkel leads Germany’s new Push to Destroy Capitalism in Europe

  by John Galt April 14, 2013 23:30 EDT Everyone seems to think that Angela Merkel, the current Führer of Germany, is an angelic saint who wishes to retain and improve the European Union and capitalism within the borders of her nation and beyond. Yet nobody wishes to publish, disclose, or review her communist past and work within the Soviet Union’s empire. I first looked at this in September of 2011 where I stated: The Future of the Capitalist World is Controlled by 2 Students of Marx Nobody cared. Think any…


03.23 Cyprus News Flash: IMF Blocks Agreement on Cypriot Bank Bailout

  by John Galt March 23, 2013 17:55 ET   From China Radio International English News  approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.” The official was also quoted as…


10.24.12 AEP: Germany wants their Gold Verified and Shipped Home

  by John Galt October 24, 2012 19:30 ET   The story from Channel 7 in Australia has set off alarm bells worldwide:   Counterfeit Aussie gold sold in China   While this is not a surprise to many of us after the counterfeit Morgan and Peace dollar scheme uncovered last year and the discovery of hollowed out gold plated tungsten filled bars around the world, apparently the trust between the central banks has fallen to the point where the German Bundesbank wants to bring some of its gold home as…


Thank you Germany for the Humor

  by John Galt October 17, 2012 19:35 ET   Before this webpage goes totally serious and very, very scary and dark, here’s one more fun post for your entertainment.   Thank you Germany for keeping us laughing!   (h/t Dreaming Cinema via YouTube)    


07.08.12 AEP is BACK: German president tells Angela Merkel to come clean on EU debt deal

  by John Galt July 8, 2012 20:15 ET   And my readers thought I was still uptight after my vacation? HA! Read this from the U.K. Telegraph via Ambrose Evan-Pritchard return:   German president Joachim Gauck has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago, lending a powerful voice to critics dismayed by the surging costs of euro bail-outs.   “She has a duty to explain in great detail what it means, and what it means fiscally….


German 2 Year Yields go NEGATIVE while the PIIGS Squeal

  by John Galt July 6, 2012 07:45 ET   Think Europe is fixed? I’ll let these three charts from Bloomberg explain how this disaster is just now getting started.   And it is about to get a whole lot worse. Can you say PAIN boys and girls?     The 1 Year yield has bounced off its lows below the 0.00% mark and is now barely in positive yield territory:     Meanwhile in the rain in Spain, there is a lot of 10 year pain…..     This is…


06.14.12 Ambrose Evans-Pritchard: Dutch disease

  by John Galt June 14, 2012 19:30 ET   Tonight’s commentary and analysis by Mr. Pritchard via the U.K. Telegraph is another home run:   Dutch disease   The terrifying start of the article is enough to make this piece required reading because it compliments my earlier writings about Austria, Switzerland, etc. and the issues hitting those nations along with the idiocy of the EU/ECB policymakers:   As if matters were not bad enough already in Euroland:   Dutch retail sales collapsed by 11pc in April, even worse than the…


All is not well in the Fatherland: Riots in Germany leave 38 police injured, 700 plus arrests

  by John Galt June 3, 2012 12:40 ET So much for the model of German peace and stability they present to the world when discussing “their” rational dealings and solutions for the PIIGS debacle. In Hamburg, Germany last night over 3,500 left wing radicals faced off against approximately 700 Neo-Nazis and the losers were the police and property owners. According to an article in the Austrian newspaper Wiener Zeitung (click here to read; translation required) the following excerpt tells the tale of woe (Using Google translate):   From the field…


Germany Discovers Israel is Deploying Nuclear Missiles on the Dolphin Class Subs

  by John Galt June 3, 2012 10:15 ET   The German newspaper Der Spiegel finally reports what most of us figured out years ago:   Israel Deploys Nuclear Weapons on German-Built Submarines   (Click on the title above to read the article in full)   While there are some that might be aghast at the idea of Israel deploying such weapons to defend itself from radical states like Iran and Syria, the reality is that this gives them a retaliatory strike capacity against those nations that have supplied and armed…


5.29 AEP: Europe’s debtors must pawn their gold for Eurobond Redemption

by John Galt May 30, 2012 19:25 ET   Europe’s debtors must pawn their gold for Eurobond Redemption   (click on the title above to read the article in full)   Ambrose Evans-Pritchard outlines a radical new plan being devised by the technocrats and banksters in Germany to seize control of the Southern European nation’s treasures, gold, and national assets. The first two sentences of the story tell the tale of deceit being concocted by the banksters of Berlin:   The German scheme — known as the European Redemption Pact —…


5.15.12 AEP: Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course

by John Galt May 15, 2012 18:45 ET   Appetiser cost of Greek exit is €155bn for Germany, France: trillions for meat course   My fellow internet wanderers, no, your eyes do not deceive you. The costs are almost incalculable because the world has never experienced anything like what we will witness occurring in Greece as their exit from the European Monetary Union seems almost certain now.   In tonight’s article from the U.K. Telegraph, Ambrose Evans-Pritchard makes the following, terrifying statement:   Needless to say, the real danger is contagion…


Even German Cities are Printing their Own Currencies

by John Galt March 18, 2012 23:00 ET The stories about Montana, Utah, and Virginia striking their own gold “commemorative” coinage sent a shudder throughout the U.S. fiatocracy as they were indicating a lack of faith in the old fiat currency, the U.S. Dollar. For a city in Germany to indicate a lack of faith in the Euro and the ineptitude of the Masters of the Universe in Berlin and Brussels however is an entirely different matter! From Der Spiegel on March 16, 2012: New Currency Brings Hope to Debt-Stricken City…


Revenge of the Greeks: German War Reparations Issue still open per Deputy Foreign Minister

by John Galt March 18, 2012 11:30 ET Angela Merkel’s financial Wehrmacht might be rolling through European second tier economies without opposition but a gaping wound that is over fifty years old could be re-opened thanks to the arrogance of the German banksters. From the Athens News yesterday: Issue of war reparations still open (click on the title above to access article in full) From the article above: Deputy Foreign Minister Dimitris Dollis on Friday reiterated that the “issue of German war reparations remains open for Greece up until the moment…


2.28.12 AEP: Irish EU treaty vote threatens chaos

by John Galt February 28, 2012 19:00 ET Can I get an “Oops” and an “AMEN” from the audience please? Irish EU treaty vote threatens chaos Ambrose Evans-Pritchard has elected to defy the powers that be in the European Union again and post an inflammatory but accurate commentary in tonight’s U.K. Telegraph (Click on the title above to read it in full) about what happens when representative democracy meets the agenda of the banksters who wish to enslave populations without proper representation. Excerpted: All three major parties back the treaty but…


2.5.12 AEP: French socialists’ Latin revolt against Germany

by John Galt February 5, 2012 16:15 ET The furor being raised at Germany and its policies designed to impose a new order of economic dictatorship over the poor nations of Europe and the weak banksters of the continent is now being openly expressed by the French socialists, as expressed in Ambrose Evans-Pritchard’s column from tonight’s edition of the U.K. Telegraph: French socialists’ Latin revolt against Germany (Click on the link above to read the article in full) The failure of the quasi-Marxist economic model France is married to along with…


S&P Screws Austria: Hungary Downgraded to Junk

By John Galt December 21, 2011 – 14:55 ET Over the past few years I have been writing and commenting on the other housing crisis in Europe, that being of the nations who issued mortgages in Euros to Eastern European nations. Hungary was one of the largest nations in which the citizens borrowed heavily from Austrian banks in Euros but their local currency, the Forint, was used to pay those banks back. That worked fine until the Euro skyrocketed in value and the Hungarian economy crashed in 2007-2008 along with the…


And when the European MBS market collapses, will the Fed buy that also?

By John Galt December 1, 2011 – 05:30 ET A brief note in reference to this Bloomberg-Business Week article from yesterday: European CMBS Outlook Worsens as Borrowers Fail to Repay Loans According to the article, only 5 out of 35 European commercial mortgage backed securities were repaid at the end of October. With over €14 billion of CMBS due to rollover in 2012 and a large portion of that residing in Germany, the question has to be asked after yesterday’s actions if the Fed will bail them out by purchasing foreign…


11.23 German 10 Year Bund Auction “Technically” Uncovered aka FAIL

By John Galt November 23, 2011 – 05:25 ET According to a breaking story this morning, the German 10 Year Bund auction was technically uncovered which is the same as: With only €3.6 billion purchased of €6 billion offered, I would call that the definition of epic failure. Now that the crisis has migrated into the heart of the Eurozone, watch out for pissed off German bankers taking revenge out on the PIIGS. The yields are creeping up slightly but the Euro has just absolutely collapsed in the past twenty minutes…


11/15 AEP: Utopian Germans risk full-blown EMU depression

By John Galt November 15, 2011 – 16:30 ET Just when everyone thinks it is safe to return to the calm waters of the Danube or the Rhine (that’s a joke, by the way), Ambrose Evans-Pritchard in this morning’s print edition of the U.K. Telegraph with this bombshell commentary: Utopian Germans risk full-blown EMU depression And to be honest, it is a decades old battle between those who want a monetary machine to print at will versus those who have lived through and understand the dangers of hyperinflation and worldwide collapse. …


Do Dodd and Frank work for the European Central Bank now?

By John Galt October 23, 2011 – 16:50 ET As the evening progresses, the jokes, er similarities between the U.S. in 2008 and the Eurocircus keep on coming. The latest story from Reuters reeks of the morons in Congress debating the “TARP” fiasco and the only thing missing is one of the Euros to come out like W did and say words to the effect that the European economy “was fundamentally sound and still growing” or other idiocy. The latest hilarity: EU bank plan may include aid already pledged to bailout…


If the IMF says Euro Banks need € 200 Billion then reality says it’s over € 1 Trillion

By John Galt October 5, 2011 – 07:20 ET In a story just published by Reuters via CNBC, the statement was made that European banks need at least  € 266 billion for recapitlization and that the IMF would engage in assisting the European Union in this effort. As usual, follow the flies. The problem is that the flies circling the B.S. tells the truth about this “story” as the IMF is providing a best case scenario with the € 266 billion figure. Dexia itself would wipe out a sizable chunk of…


Full Translation of Merkel – Sarkozy Eurocide Press Conference

By John Galt August 17, 2011 – 06:10 ET Yesterday the leaders of France and Germany held a 1938 Munich style meeting where instead of the Sudetenland being carved up, the two political elites bowed to the pressure of their nation’s banksters and carved up the spoils of the now failed European Union experiment. Below is a full translation of the press conference with the details being provided by the UK Telegraph in an article at this link on the 16th. Here are their proposals which are pretty much lip service…


European Markets in Turmoil as Growth Stalls in Germany

By John Galt August 16, 2011 – 05:10 ET Breaking on all the financial channels and wires this morning: European GDP +0.2% Q/Q below +0.3% estimates; +1.7% YoY German GDP +0.1% Q/Q below +0.5% estimates This is the nation that’s going to bail out the PIIGS and the world? I think not if Germany falls into recession and the stock markets across Europe have reacted sharply: All this before the Sarkozy-Merkel press release which could have an even more dramatic impact on the markets later on this morning and thus odds…


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