Yeah, but are they building panzers and u-boats?

Posted: October 29, 2011 by veeshir in Exploding things, Funniest End of Civilization Evah, Hotassery

All kinds of economic sites across EUnuchstan are reporting a rumor that Germany is printing up Deutche marks in case you know, they need them.

All the articles cite Pippa Malmgren, former Bush economic advisor and EUnuchstanian economical knower abouter.

That link has some innnterrrrresting prognostications.

  • Greece defaults
  • Germany protects German banks but other countries cannot do the same thus quickly provoking multiple sovereign defaults and or bank failures, all of which may easily lead to a payments crisis in the global banking system. Derivatives are particularly at risk in terms of operation and execution.
  • The Euro falls in value especially against the US dollar
  • The Germans announce they are re-introducing the Deutschmark. They have already ordered the new currency and asked that the printers hurry up.
  • The Euro falls even more on any news that Germany is withdrawing from the Euro.
  •  Legal wrangling begins as to the legality of Germany’s decision. Resolution takes years.
  • Germany insists that the Euro continues to exist even they do not use it any longer. They emphasize that European unification will continue and suggest new legal instruments to strengthen European Unification including new EU Treaties.

 

And then she adds

The markets are focused on the imminent default by Greece. But, this is not the most important issue now. The historic development the markets have not priced in as that Germany is preparing to exit the Euro. The markets are very likely to have to contend with the re-introduction of Deutsche Marks in the near future. This is bound to mean a collapse in the value of the Euro

If it’s true, that’s going to hilarious.

And very fucking scary.

Which means it’s probably true.

When I was in Europe for the Olympics I spent time in Holland and Italy, both places want their own currency back so maybe the issues that most stupid and unhelpful people predicted back when the European Common Market morphed into EUnuchstan are happening.

Looked for the link due to a comment from some guy named Mitchell. I think he has some weird hate/hate deal with Enos Yorl, who nobody’s seen lately.

I’m thinking EY and Sinistar are being held hostage in someone’s basement, maybe this “Mitchell” character knows something about that. We should ask him.

I personally think Germany should use Kruger Rands, make with the clicky to see why.

Comments
  1. alexthechick says:

    I had a thought in my head and then it went away. Puzzle that.

    Didn’t Merkel threaten war the other day? Ahhhh, so nice to see that Steyn’s right about Europe dealing the way Europe always does.

  2. HayZeus says:

    Looked for the link due to a comment from some guy named Mitchell. I think he has some weird hate/hate deal with Enos Yorl, who nobody’s seen lately.

    I’m thinking EY and Sinistar are being held hostage in someone’s basement, maybe this “Mitchell” character knows something about that. We should ask him.

    Man, I miss those two-I really hope they’re okay. But seriously, fuck that Mitchell guy. He’s over at the center of the Anomaly, blogging every now and then like it was his very own place or something. Hell, he’s probably referring to them as “it” and lowering a basket full of Aveeno down to ’em right now. And he wears a goofy hat! The nerve…

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