Oct 13

- Why Tomorrow It Could Get Even Worse (ZeroHedge, Oct 13, 2014):

While today’s market dump was certainly dramatic, it was a function of the scant liquidity in the market (as we warned would be the case first thing) and outsized moves following last week’s mauling, not the result of any fundamental (or not so fundamental) news.

That could change tomorrow, and change for the worse, because as Barclays reminds us, tomorrow is when the European Court of Justice (ECJ) is scheduled to hear testimony on the ECB’s non-existent Outright Monetary Transactions program (OMT). Recall that the OMT is the imaginary (again: non-existent) byproduct of Draghi’s “whatever it takes” speech: a byproduct that was supposed to exist purely in the imaginary realm (as it was merely a verbal bluff, one which was never meant to be actually activated), and never actually take practical shape (hence, why the OMT’s legal term sheet still does not exist, over two years later).

Sadly for Draghi, and the entire Deus Ex theater that managed to send European peripheral bonds from record wides yields to record low, tomorrow it will attain some much dreaded shape.

And while a ruling on the legal questions forwarded by Germany’s Constitutional Court is not expected this year, the hearing and questions posed by EU judges may give some early insights into their views and to what extent they might share the view of the German court that, unless several restrictions are imposed, the OMT should be considered illegal under European law. Continue reading »

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Oct 13

- Draghi The Dictator: “Working With The Germans Is Impossible” (ZeroHedge, Oct 12, 2014):

The war of words between Europe’s unelected monetary-policy dictator Mario Draghi and Germany’s “but it’s us that pays for all this” Bundesbank has been gaining momentum since Jens Weidmann penned his Op-Ed slamming Draghi’s OMT ‘whatever it takes’ as “too close to state financing” in 2012. A week ago, Weidmann stepped up the rhetoric by claiming ECB policy is “hostage to politics” and has lost its indepdendence – warning Draghi’s dictatorial policies were leading Europe down a “dangerous path.” But now, as pressure grows from the Spanish (record unemployment, record bad debt, record low yields), Italian (record unemployment, record debt-to-GDP, record low yields) and French (record unemployment, treaty-busting-deficits, record low yields) for Draghi to monetize more assets, he has struck back in Focus magazine, blasting Weidmann is “impossible” to work with because the Germans “say no to everything.” Dis-union… Continue reading »

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Oct 10

Related info:

- CDC Suggests ‘Hermetically Sealed Coffins’ For Ebola Victims – AKA ‘FEMA Coffins’

Goverment Emergency Manager: ‘Ebola Outbreak is Being Conducted On Purpose; Violates All Protocols’ (Video)


ebola-us

- Ebola Pandemic Hits Germany, Turkey, And Australia As Infected Spanish Nurse Went Un-Quarantined For A Week (ZeroHedge, Oct 9, 2014):

Despite the still confident exclamations from officials that the Ebola pandemic is ‘contained’, more and more nations are admitting to Ebola-symptomatic cases or bringing infected patients back from Africa for treatment. Australia has its first potential case of the deadly disease, as Bloomberg reports a nurse who returned from volunteering in Africa has developed Ebola-like symptoms. Despite claims that Nigeria’s outbreak is over, a Turkish worker there has been hospitalized in Istanbul after signs of high fever and diarrhea. Health officials from Germany confirm a 3rd Ebola patient has arrived in the country – having contracted the disease in Liberia. And finally, just as in the sad case of Thomas Duncan in Dallas, The Guardian reports the infected Spanish nurse went untreated and unquarantined for a week despite reporting symptoms at least three times to hospital officials. It seems the world is ill-prepared for this…

Bloomberg reports, a nurse who treated Ebola patients with the Red Cross in Sierra Leone was hospitalized in Australia after developing a low-grade fever, health officials said. She is being tested for the deadly virus.

Continue reading »

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Oct 10


Uploaded on Sep 29, 2014

Interview with Udo Ulfkotte, former editor of one of Germany’s main daily publications, Frankfurter Allgemeine Zeitung.

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Oct 09

germany-kurds-muslims-brawls2.si

- Pro-ISIS radicals with machetes, knives attack Kurds in Germany (VIDEO) (RT, Oct 8, 2014):

Peaceful protests against IS in Syria and Iraq organized by Kurdish nationals in several German cities ended with serious clashes with pro-jihadist Muslims in Hamburg and Celle. Police had to request reinforcements to restore order.

Police in Hamburg, a port city of 1.8 million people, used water cannons, batons and pepper spray late Tuesday to disperse crowds of warring Kurds and pro-jihadist Muslims, armed with knives and brass-knuckles, following a protest against Islamic State militants who are attacking the Kurdish town of Kobani in Syria near the Turkish border.

At first, on Tuesday afternoon about 80 Kurdish protesters occupied Hamburg’s central train station for an hour, NDR.de reported. The Kurdish protesters left the railways voluntarily after 6pm, a police spokesman said.

A bigger group of about 500 Kurdish demonstrators marched through downtown Hamburg. On their way, they damaged several cars and Turkish snack bars, breaking panes of glass and throwing around plastic chairs. Police detained 14 rioters. Continue reading »

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Oct 09

- Leading German Journalist Admits CIA ‘Bribed’ Him and Other Leaders of the Western ‘Press’ (Washington’s Blog, Oct 7, 2014):

Udo Ulfkotte, a former editor of Frankfurter Allgemeine Zeitung (which is one of Germany’s largest newspapers), has decided to go public about the corruption of himself and the rest of the Western ‘news’ media, because he finds that this corruption is bringing Europe too close to a nuclear war against Russia, which he concludes the U.S. aristocracy that controls the CIA wants to bring about, or else to bring closer to the brink.

He told Russian Television:

I’ve been a journalist for about 25 years, and I’ve been educated to lie, to betray, and not to tell the truth to the public. … The German and American media tries to bring war to the people in Europe, to bring war to Russia. This is a point of no return, and I am going to stand up and say … it is not right what I have done in the past, to manipulate people, to make propaganda against Russia, and it is not right what my colleagues do, and have done in the past, because they are bribed to betray the people not only in Germany, all over Europe. … I am very fearful of a new war in Europe, and I don’t like to have this situation again, because war is never coming from itself, there is always people who push for war, and this is not only politicians, it is journalists too. … We have betrayed our readers, just to push for war. … I don’t want this anymore, I’m fed up with this propaganda. We live in a banana republic, and not in a democratic country where we have press freedom. … Continue reading »

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Oct 07

- Global Equities In “Sea Of Red” After German Industrial Data Horror, Hints Japan May Give Up On Weak Yen (ZeroHedge, Oct, 7, 2014):

While the economic data, especially out of Europe, just keeps getting worse by the day, with the latest confirmation that Europe is now officially in a triple-dip recession coming out of Germany and the previously observed collapse in Industrial Production which tumbled the most since February 2009, it was once again the Dollar and especially the New Normal favorite currency, the Yen, that was in everyone’s sights overnight, when it first jumped to 109.20 only to slide shortly after midnight eastern, when Abe repeated once again that a plunging Yen is hurting small companies and consumers – and to think it only took him 2 years to read what we said would happen in late 2012 - but also the BOJ minutes which did not reveal any addition easing, which apparently disappointed algos and triggered USDJPY slel programs, pushing the USDJPY 80 pips lower to 108.40. Continue reading »

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Oct 07

This is the Greatest Depression.

Prepare for collapse.


Europe’s Triple-Dip Recession Arrives: German Industrial Production Crashes Most Since February 2009 (ZeroHedge, Oct, 7, 2014):

A few hours ago we finally got undeniable confirmation that Europe is once again in recession, its third since Lehman, only this one is worse: it is led by the “core” countries, with Germany in the forefront, a Germany which just reported industrial output which suffered its biggest monthly decline in more than five years in August. Specifically, German IP tumbled 4%, led by capital goods which crashed 8.8%; consumer goods sliding 0.4%, and basic goods dropping 1.9%, with the headline plunge far below the consensus of -1.5%, and below even the worst forecast of -3.0%, the biggest drop since February 2009, a result which according to the FT rose “fears that Europe’s biggest economy might be heading for recession and prompting renewed concern about the economic health of the eurozone.”

 

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Oct 06

H/t reader squodgy:

“Yet another one backs down, grovelling and asking for forgiveness…..”

And for all those who didn’t know:

Anybody in Germany criticizing the Federal Reserve is now being labeled as anti-Semitic!

Well, at least that should give all those totally ignorant people a clue who is really behind the Fed.

Dear Sabine Wölfle, please add this book to your Facebook page and call your post:

The Rothschilds: One family rules the world” – A well documented conspiracy FACT!

Die Rothschilds - Eine Familie beherrscht die Welt
(I find this cover to be  … very appropriate!)

@Amazon.de: Die Rothschilds: Eine Familie beherrscht die Welt.  (Preis: EUR 22,95

(Book title: The Rothschilds: One family rules the world.)

Some quotes:

“If my sons did not want wars, there would be none.”
- Gutle Schnaper, wife of Mayer Amschel Rothschild
“I care not what puppet is placed on
the throne of England to rule the Empire, …
The man that controls Britain’s money
supply controls the British Empire.
And I control the money supply.”
- Baron Nathan Mayer Rothschild
“The best time to buy is when blood is running in the street.”
- Baron Nathan Mayer Rothschild


German Jewish social democrats slam her for anti-Semitism.
Edmond De Rothschild
A logo of Banque Privee Edmond de Rothschild. (photo credit:REUTERS)

- German politician posts anti-Semitic video of ‘Rothschilds controlling the world’ (The Jerusalem Post, Oct 1, 2014):

BERLIN – The working circle of Jewish Social Democrats blasted on Wednesday a German social democratic politician for posting a crude anti-Semitic conspiracy video about the Rothschild family on her Facebook page.

“This morning we became aware that the SPD regional politician Sabine Wölfle posted an anti-Semitic and conspiratorial video on her Facebook page. We are shocked that a regional politician lacks basic knowledge about the connotations of conspiracy theories, in which the frequently mentioned, all-encompassing, financial power of the Rothschild family stands at the center. We demand a clear apology for the spreading of anti-Semitic propaganda.”

Wölfle serves as a member of parliament for the Social Democrats in the government of the southern German state of Baden-Württemberg.

German anti-Semites have long depicted the Rothschilds as a nefarious family determined to control the world. Nazi Germany produced a 1940 film tiled “The Rothshilds” showing the Jewish Rothschild family as a lethal threat to Germany. The conclusion of the film shows a burning Star of David over a map of England, suggesting that the Jews control the United Kingdom in its war against Nazi Germany.

The alleged anti-Semitic video posted by Wölfle is titled “The Power of the Rothschilds.” The video, which was viewed by The Jerusalem Post, claims the family dominates the financial capital London and “control the media.” The narrator says the Rothschilds are responsible for the “mass murders of millions.” Continue reading »

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Sep 28

- Standard & Poor’s Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts (Wolf Street, Sep 24, 2014):

A true debacle happened. Just when we thought the euro was safe, that ECB President Mario Draghi had single-handedly duct-taped the Eurozone back together in the summer of 2012 with his magic words, “whatever it takes.” Markets assumed that they were backed by the ECB’s printing press, and they loved their assumption. Spanish, Italian, even highly dubious Greek debt, some of it with a fresh haircut, soared. And hedge funds and banks gorged on it and loved it. The debt crisis was over! Stocks soared even more. Money was being made.

So bank bailouts continued, and the Eurozone recession proved to be a nasty long-term affair, but no problem, everything seemed to be guaranteed by the ECB. Debt-sinner countries, as Germans like to call them, could suddenly borrow for nearly free, and neither deficits nor debts mattered to financial markets.

But now comes ratings agency Standard & Poor’s and douses our illusions, because that’s all they were, with a bucket of ice water. The soaring popularity and electoral successes of Germany’s anti-euro party, Alternative for Germany (AfD), could push Chancellor Angela Merkel and her party, the conservative CDU, to take a harder line against bailouts, hopes of QE, and all manner of other ECB miracles that financial markets had been counting on. And it could spook them. And the nearly free money could suddenly dry up. So S&P warned: Continue reading »

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Sep 26

- Bill Gross Quits PIMCO, Which He Co-Founded, Joining Janus (ZeroHedge, Sep 26, 2014):

After co-founding PIMCO in 1971, Bill Gross has called it quits…

  • *WILLIAM H. GROSS JOINS JANUS CAPITAL
  • *JANUS:GROSS TO START MANAGING FUND,RELATED STRATEGIES OCT.6,’14

“I look forward to returning my full focus to the fixed income markets and investing, giving up many of the complexities that go with managing a large, complicated organization,” said Mr. Gross.

Janus stock is +20% on the news. 40% now!) Continue reading »

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Sep 23

FrechProtext9-21-2014

- The Decline & Fall Of Europe: French Farmers Set Tax Office On Fire (Zerohedge, Sep 23, 2014):

French vegetable farmer have set a tax office and a building on fire destroying the government facility which was the symbol of the increasing administrative burden and sanctions that is killing farming. Hundreds of tractors and trailers of the farmers converged on Friday evening before the building of the Agricultural Social Insurance (MSA) in the town of Morlaix (Brittany). There they dumped unsold potatoes and artichokes before the MSA-building and added pallets and tires setting the entire lot on fire. Thereafter, the farmers moved on to the tax office set that on fire as well. The protests also took place in numerous other places as well, however, only these two government buildings were totally destroyed.

The association of vegetable farmers had announced the protest action on Friday. The background is that for years the bureaucracy for farmers have magnified the economic decline and their plight with constant new regulation of everything. The economic situation of farming in Europe has been seriously pushed too far with the US sanctions against Russia. The agricultural crisis caused by Obama is increasingly deteriorating with far too many farmers throughout Europe losing everything. Continue reading »

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Sep 23

- First Germany, Now France Folds On Syrian Airstrikes (Zerohedge, Sep 22, 2014):

In yet another rather embarrassing event for The White House, just days after President Obama praised the French for helping in the fight against ISIS, and General martin Dempsey noted “the French were our very first ally and they’re with us again now,” French officials have, according to Reuters, ruled out participation in airstrikes against Islamic State in Syria. With the fall of France (and Germany already saying “nein”), it appears the broad coalition is now a “coalition of none,” as Obama has stated the US would not go it alone… Continue reading »

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Sep 17

- Germany Issues 2Y Note At Record Low Yield Of -7bps (ZeroHedge, Sep 17, 2014):

Germany sold EUR 3.34 billion 2-year notes to a desparate-for-collateral, safe-haven-seeking, ECB QE-front-running, deflation-pricing market (with exceptional demand – an elevated 2.26x bid-to-cover) for a stunning -0.07% yield… an all-time record low yield issuance for Germany. We have nothing to add…

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Sep 17

++ Iraq: al Baghdadi appare in immagini in moschea Mossul ++
A welcome distraction: the Islamist dude with the $6.500 James Bond watch.

(The Mossad and our CIA are obviously paying well. More info down below.)

- NSA Warns “Bad Guys Are Everywhere” As Spooks Run Afoul Of German Laws Again (ZeroHedge, Sep 16, 2014):

Successfully Distracted …

We can probably “thank” ISIS for having distracted everyone from the ongoing spy scandal. A new barbaric and powerful terrorist group the danger of which is blown out of all proportion by politicians and the media is no doubt a Godsend for the national security apparatus and the military-industrial complex. In fact, this reminds us that ISIS looks suspiciously like an artificial creation anyway, one that has at some point undoubtedly received assistance from one or more states.

In a previous missive (see “Equal Opportunity Spy-Fest” for details), we discussed an article in German news magazine Der Spiegel (which has by the way done some excellent sleuthing beyond merely reporting on the content of the Snowden files). The article at Der Spiegel inter alia mentioned occasions when representatives of the “national security” apparatus or government spokesmen speaking on its behalf were caught in blatant lies and noted in its conclusion: Continue reading »

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Sep 14

- “Moderate” Syrian Rebels Sign Non-Aggression Pact With ISIS; Iraq Defies US (ZEroHedge, Sep 13, 2014):

First it was the ‘broad coalition’ that appeared a little narrower than President Obama explained to the world last week. Today, 2 more crucial aspects of the ‘strategy’ appear to be faltering. Despite the promise of $500 million to train “moderate” Syrian terrorist/rebels to fight ISIS, GlobalPost reports Syrian rebels and jihadists from the Islamic State have agreed a non-aggression pact for the first time. Under the deal, “the two parties will respect a truce until a final solution is found and they promise not to attack each other because they consider the principal enemy to be the Nussayri regime.” Not exactly what Obama and Kerry had in mind. But it is John Kerry’s trip to Iraq that appears to have had blowback already as Reuters reports the newly installed US-friendly PM al-Adadi ordered his air force to halt strikes on civilian areas, “even in those towns controlled by ISIS,” just a day after Kerry’s visit (which left Turkey explaining how it would not support US airstrikes either). So far, so good?!

So, to sum up… Continue reading »

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Sep 12

- Obama’s Broad Coalition Cracks – UK, Germany Won’t Support Airstrikes In Syria (ZeroHedge, Sep 11, 2014):

Well that didn’t take long. After espousing his strategy last night of leading a broad coalition against ISIS, it appears President Obama’s “allies” are backing away from the plan. As The WSJ reports, Germany and the U.K. on Thursday ruled out carrying out air strikes on Islamic State militants in Syria. It appears the Europeans, realizing the ire that these actions will likely cause to Putin, are stepping back – “We haven’t been asked, nor will we do it,” German Foreign Minister Frank-Walter Steinmeier told reporters and his U.K. counterpart Philip Hammond explicitly ruled out air strikes in Syria, after the U.K. parliament struck down such a move last year. So that leaves the French?

As The WSJ reports,

Germany and the U.K. on Thursday ruled out carrying out air strikes on Islamic State militants in Syria, a day after President Barack Obama authorized the start of U.S. air strikes there. Continue reading »

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Sep 07

- ‘Sharia controlled zone’ in Germany: Group of young Muslims patrolling city streets  (RT, Sep 6, 2014):

Police in the German city of Wuppertal are investigating a case of several young men who announced themselves to be ‘Sharia police’. The group was ‘patrolling’ the streets, urging people to refrain from various sorts of activities and entertainment.

The young men wearing orange safety vests with the words “Shariah police” written on the back caught both residents’ and police attention in Wuppertal in North Rhine-Westphalia in western Germany earlier this week.

The young men are followers of Salafism, a puritanical form of Islam, one of the world’s fastest-growing Islamic movements. The fundamentalists have been seen in the city’s nightlife area, trying to urge people to refrain from alcohol, drugs, gambling, pornography and other activities. They also reportedly distributed leaflets with the same guidelines.Police reportedly stopped 11 men aged between 19 and 33. An investigation with possible charges of illegal assembly has been launched.

The government is considering the Sharia initiative an act of provocation and says it won’t tolerate any “parallel law“.

No Sharia laws will be tolerated on German soil. No one has the right to tarnish the good image of the German police,” the country’s Interior Minister Thomas de Maiziere reportedly said in an interview to Bild.

Germany’s Justice Minister Heiko Maas said that “no illegal ‘parallel law’ will be tolerated,” as only the state is responsible for law compliance. Continue reading »

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Sep 04

- German Supermarket Giants Demand Return to GMO-Free Fed Poultry (Global GMO Free Coalition, Sep 2, 2014):

Germany’s top supermarkets, the powerhouses of Europe when it comes to retail, have delivered a blow to the biotech industry by forcing the German poultry industry to return to the use of non-GMO feed.

It was announced last Thursday that the German supermarkets, with a broad consensus, recently demanded from the German Poultry Association (ZDG) to stop using GMO feed for both egg and poultry meat production, starting from January 1st 2015. That is the date when the retailers want to receive GMO-free fed products again, meaning poultry suppliers will have to rush to get their feed supply chains free from GMO feed once more. Continue reading »

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Sep 02

Merkel-and-Putin

- American Intelligence Officers Who Battled the Soviet Union for Decades Warn Germany Not to Fall for Anti-Russian Propaganda (Washington’ Blog, Sep 1, 2014):

Senior U.S. Intelligence Officers: Beware Flimsy “Intelligence”

MEMORANDUM FOR: Angela Merkel, Chancellor of Germany

FROM: Veteran Intelligence Professionals for Sanity (VIPS)

SUBJECT: Ukraine and NATO

We the undersigned are long-time veterans of U.S. intelligence. We take the unusual step of writing this open letter to you to ensure that you have an opportunity to be briefed on our views prior to the NATO summit on Sept. 4-5.

You need to know, for example, that accusations of a major Russian “invasion” of Ukraine appear not to be supported by reliable intelligence. Rather, the “intelligence” seems to be of the same dubious, politically “fixed” kind used 12 years ago to “justify” the U.S.-led attack on Iraq. Continue reading »

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