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This is a full kick in the XXXX of a well-known german politican and the German elite.
Right now, Deutche Bank is already getting ready for another bailout... or should be.. this is the end of the german banking industry if Merkel does not bail them out...
And I will love to see how germany justifies further fiscal consolidation nonsense after that....
I do hope this is the end of Merkel and the end of insane fiscal policies...
and all it took is that some master of the universe got really angry with other masters of teh universe...
One thing is to ask the spanish middle class to sacrify for the german banks..another completely different thing is to save the german banks at the expense of the spanish banks.
Or in other words, one thing is not helping Europe with the generation of inflation in the core, and not helping us out to get of the shit..another completely different thing is to force us to be five year or a decade with shit...
This is not Japan.. it does not have to be.. if we only get rid of the stupid german banks. I do really hope that's the case.. and Merkel goes down with them.
What a huge turn around in a couple of hours.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
Well, Frankfurter Allgemeine published the rumour about Spain negotiating a bailout last Friday so it's taken 6 days... By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
And it's not strange and exotic. It's bloody econ 101. Peak oil is not an energy crisis. It is a liquid fuel crisis.
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