Apr 15

German 10Y Bond Yield Plunges To 10bps, Negative To 8 Years (ZeroHedge, April 15, 2015):

German yields cratered-er today (as DAX flash-crashed into the close). 10Y yields are now at 10.5bps – record lows – and the entire German yield curve is now at negative rates to 8 year maturity. Must all be a signal of the economic success of Q€ right?

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Apr 13

A German Army Leopard II tank, assigned to 104th Panzer Battalion, moves through the Joint Multinational Readiness Center during an exercise in Hohenfels, Germany, on Oct. 25, 2012

Germany to bring back 100 mothballed tanks (Stars And Stripes, April 10, 2015):

BERLIN — The German military plans to bring 100 mothballed tanks back into service as it deals with increased demands from the Ukraine crisis.

Defense Ministry spokesman Jens Flosdorff said Friday that the military will pay $23.6 million to buy back the Leopard 2 main battle tanks from the defense industry, which has kept them in storage. The tanks will then be modernized starting in 2017.

The decision to equip the Bundeswehr with a maximum 328 tanks nearly reverses a four-year-old decision to cut the total from 350 to 225. Continue reading »

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Apr 10

Germany Orders 100 Tanks To “Ensure Troops Are Ready To Respond To Russian Assertiveness” (Zerohedge, April 10, 2015):

With Jean-Claude Juncker demanding a Unified European Army, it appears Germany is wasting no time in simultaneously boosting its own economy with warfare spending and comforting a ‘fearful populace’ with more military might. As Reuters reports,Germany plans to procure more than 100 additional Leopard 2 tanks, increasing its total Leopard 2 tank inventory by a whopping 45% a government spokesman said on Friday, as it seeks to ensure its “troops are ready for action in response to concerns over recent Russian assertiveness.”

leopard-2

Reuters reports:

Germany plans to procure more than 100 additional Leopard 2 tanks, a government spokesman said on Friday, as it seeks to ensure its troops are ready for action in response to concerns over recent Russian assertiveness. Continue reading »

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Apr 08

German Factory Orders Tumble By Most In 9 Months, Spanish Bond Yields Turn Negative (ZeroHedge, April 8, 2015):

Bad news is even better news in Europe. “Core” Germany saw its powerhouse economy suffer the biggest drop in Factory Orders since June (-1.3% YoY) missing expectations for the 2nd month in a row – the first consecutive drop since may 2013 (despite German business confidence rising for the 5th month in a row) as apparently devaluing the EU’s currency is not encouraging business. The result… DAX futures surging, bond yields tumbling and Spanish bond yields to 6 months are now negative..

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Apr 08

European Derivatives Market Breaks… And Futures Surge (ZeroHedge, April 8, 2015):

Because nothing says “liquid and efficient” market like yet another broken market. Just as we saw yesterday afternoon as US equities collapsed into the close, Euronext has broken in the pre-open European markets…

  • *EURONEXT SAYS EXPERIENCING SOME TECHNICAL ISSUES
  • *EURONEXT DERIVATIVES MKT STATUS – SYSTEMS AFFECTED: CCG ISSUE
  • *EURONEXT: CCG NUMBER 10, 11, 12 MAY SEE CONNECTIVITY ISSUE

20150408_EU1

and sure enough, DAX stock futures surgeContinue reading »

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Apr 08

Germany Slams “Stupid” Greek Demands For “Incomprehensible” €278 Billion In Reparations (ZeroHedge, April 7, 2015):

Yesterday we reported that in what may have been an attempt to stun the world, if not so much Germany, with the law of large numbers, Greece calculated that Germany owes it a whopping €278 billion in World War II reparations, or about a third of what Germany reported was its GDP in the fourth quarter. Unfortunately for Greece, Germany does not appear to be rushing to wire the funds. As Reuters reported earlier today, Germany’s economy minister had one word for the Greek demand: “stupid.”

From Reuters:

Sigmar Gabriel, who is economy minister and German vice chancellor, called the demand “stupid”, saying Greece ultimately had an interest in squeezing a bit of leeway out of its euro zone partners to help Athens overcome its debt crisis. Continue reading »

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Apr 07

Spiegel Greece Merkel

Greece demands €278bn WWII reparations from Germany – more than its debt to EU (RT, April 7, 2015):

Germany owes Greece no less than €278.7 billion in World War II reparations, Athens said, referring to the destruction wrought upon the nation during the Nazi occupation. The sum exceeds Greece’s total debt of €240 billion to the EU.

“According to our calculations, the debt linked to German reparations is €278.7 billion euros, including €10.3 billion for the so-called forced loan. All the other amounts are related to allowances for individuals or infrastructure,” said the country’s deputy finance minister, Dimitris Mardas.

The figure was calculated by a parliamentary committee and the Greek supreme court. The numbers have previously varied between €269 billion and €332 billion.

Mardas added that at the 1946 Paris Conference the amount of reparations was set at $341.2 billion. Continue reading »

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Apr 06

Spiegel Greece Merkel

Greece Calculates Germany Owes It A Third Of Its GDP In WWII Reparations (ZeroHedge, April 6, 2015):

With almost 70% of Europeans already believing that Greece is a drag on the EU economy, this morning’s statement by Greek Alternate Finance Minister Dimitris Mardas – coming just a week after the war-raparations committee was set-up, telling lawmakers in Parliament that he has calculated that Germany owes Greece EUR 278.7 billion in World War II reparations, will surely deepen the rift (at almost 40% of Germany’s EUR 735 billion GDP) whether right or wrong.

As Bloomberg reports, Continue reading »

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Apr 04

bank cash

Germany Generously Offers To Freeze The Bank Accounts Of Wealthy Greeks (ZeroHedge, April 4, 2015):

Back in 2013, when one cuts through the rhetoric and posturing, what the Cyprus depositor bail-in and subsequent capital controls were all about, was an attempt to confiscate deposits of ultra-wealthy Russian billionaires held the banks of this beloved by the Russian oligarchy offshore tax haven. At least that was the theory: in practice the wealthiest Russians got advance notice of what the Greek government in collaboration with the Eurogroup was planning, and quietly moved their funds to even safer offshore venues, leaving the local population to pick up the pieces.

Fast forward two years later, when Greece is on the verge of complete monetary collapse and which is now scrambling to “borrow” funds from local pensions and other public sources of scarce capital just to remain in compliance with IMF debt repayments and avoid a hard default. In fact, according to some, Greece may not have the funds to make its next mandatory payment due on April 9 to the IMF with the long overdue Greek exit from the Eurozone to follow in due course. Continue reading »

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Apr 03

L-Bank

It’s Starting to Fall Apart: German Bank Sues the ECB (ZeroHedge, April 3, 2015):

We probably haven’t seen the last of the troubles in the Eurozone. As the European Central Bank is trying to put out several fires with regards to Greece and its huge Quantitative Easing money-printing program, it’s important for the Eurozone to keep everybody on the same page. But as could be expected, some banks in the Eurozone aren’t really too keen on playing ball and have rejected the interference of the central bank.

An apotheosis seems to have reached as a German bank has now effectively sued the European Central Bank. The Landeskretitbank Baden-Wurttemberg (hereafter ‘L-Bank’) has protested against the fact it would now fall under the new regime whereby the ECB would assume supervision over in excess of 100 financial institutions in the Eurozone. Continue reading »

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Apr 02

The_Knyazhinsky_family

“Our family was robbed and crushed by Israel. We returned to Germany with absolutely nothing but the most important thing we had: our lives.”

“We will never return to Israel ever. We are grateful to the German authorities for our salvation. Israel is a cruel and merciless country… “

German Jewish family recounts ordeal of living in Israel (Redress Information & Analysis, March 30, 2015):

Binyamin Netanyau has been very vocal in urging Jews around the world to go to Israel, which he claimed is the best place, the safest place, the only place for Jewish people to live.

Hana Gan, a pregnant Canadian woman, believed it and became trapped. More stories like hers are coming in, and we now learn that another Jewish family – this time from Germany – wants to give a stark warning: Do not move to Israel.

Below is a verbatim translation of the Knyazhinsky family’s testimony, as the family prepares to take legal action against police and social workers in Israel.

Knyazhinsky family’s testimony

In January 2012, in our town in Hamburg, a meeting took place that was initiated by the Jewish Agency with the aim of persuading the German Jewish people to emigrate to Israel, under a programme called Naale. The meeting was chaired by Sergey Cherniac.

It was always my dream to give my children a better education, and they had already attended a Yeshiva Orthodox [Jewish] school in Berlin.

“From the minute we arrived, the authorities started to cheat us” Continue reading »

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Mar 27

And sadly …

“The supercar that runs using ‘saltwater’ is likely BS.”

Read Lana Verdin’s comment down below.


salt-powered-qaunt-quant-e-sportlimousine-electric-salt-water-car

Electric Car Powered by Salt Water: 920 hp, 373 Miles/Tank (Aetherforce):

It’s finally here folks and it is LEGIT.

Tesla eat your heart out, the Germans have created an electrical car powered by salt water. It has four electric engines and is FAST with some pretty sweet fuel economy for a sports car. Leave the Bugatti at home and stop by the beach to refuel.

============================================

01-Salt-Water-Car

The recent announcement that the Quant e-Sportlimousine, which is a salt water powered car, has been certified for use on European roads is a big sign that the Oil Cartels are losing the energy war.

Since the early 1900s, the Oil Cartels, which are controlled by the Controllers, have been harassing and silencing alternative energy inventors who pose a threat to the Oil Cartels. One of the greatest alternative energy inventors that they silenced was Nikola Tesla.

Unlike traditional cars that run on gasoline, the Quant e-Sportlimousine runs on an electrolyte flow cell power system made by NanoFlowcell that has the ability to generate an astonishing 920 horsepower (680 kW).

This salt water powered car can go from 0-62 mph (100 km/h) in 2.8 seconds and has a top speed of 217.5 mph (350 km/h). The Quant e-Sportlimousine is built by the German company Quant.

Continue reading »

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Mar 25

H/t reader M.G.:

“More on Greece vs. Eurozone………………. appears the Greeks are not getting any more money. Add in “worsening deposit flight” the politically correct version of bank runs………..their language is beyond belief………and the fact all capital (funds) are vanishing.”


Greece's Prime Minister Alexis Tsipras p

Europe blocks desperate Greek attempt to stay afloat (Telegraph, March 25, 2015):

Eurozone says it is “legally impossible” to return €1.2bn in rescue funds to cash-strapped Athens

The Greek government will not receive €1.2bn (£883m) in European rescue funds after officials ruled the Leftist government had no legal claims on the cash.

Athens requested a return of the funds it said were erroneously handed to creditors from Greece’s own bank recapitalisation fund, the Hellenic Financial Stability Facility (HFSF). Continue reading »

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Mar 24

DAX Is The Most Overbought Since The Peak In 2000 (ZeroHedge, March 24, 2015):

The German DAX stock market index has only been this extended relative to its 200-day moving-average once in history… March 2000 – and that did not end well…

20150324_DAX

Thank you Mr. Draghi…

Chart: Bloomberg

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Mar 23

FYI.


grexit-3

Why Greece is the lynchpin that could unleash economic collapse, domestic martial law and global war (Natural News, March 23, 2015):

I wish I could download to your brain everything you need to know about the European Crisis unfolding right now. The possibility of the breakup of the European Union could be the spark that sets off the global debt implosion that leads to violent conflict across the globe.

The actions of Greece, it turns out, could set off a chain reaction that leads directly to a Wall Street panic and the “bail-in” seizure of your savings accounts at your favorite hometown bank. It could also radically destabilize Eastern Europe, heightening the risk for conflict between Russia and Western European nations (including NATO members like the United States).
Continue reading »

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Mar 23

time has run out teaser

Germany Gives Greece One Final Ultimatum After Friday’s “Optimistic” Talks Devolve Into Disagreement And Confusion (ZeroHedge, March 22, 2015):

On Friday, the main catalyst that launched the early ramp in the EURUSD, subsequently sending both the Dax over 12,000, and the US stock market soaring, was speculation and hope that the latest round of Greek talks on late Thursday night ahead of tomorrow key meeting between Tsipras and Merkel in Berlin, had gone well, and there was a reason to be optimistic about the near-term for a Greece which increasingly more see as on the verge of expulsion from the monetary union. We explained as much, although we added the provision that at this point it is likely too late to do much if anything about Greece in “German DAX Surges Over 12,000 On Greek Optimism, But The Money Has Run Out.”

Now, courtesy of reporting by the FT, we can also rule out any of the so-called optimism in the aftermath of Thursday’s talks because as Peter Spiegel reports, not only was there no real consensus, but the talks “ended in disarray”, and even though “Greece’s prime minister and fellow Eurozone leaders emerged from a meeting early on Friday morning touting a breakthrough agreement to unlock much-needed bailout funds for Athens — only to fall into disagreement hours later about what it all meant.” Continue reading »

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Mar 20

H/t reader squodgy:

“This is too good to miss….classic sitcom material, IMF sounds like Sheldon Cooper…..”


IMF said to call Greece most unhelpful client in its history (Chicago Tribune/Bloomberg, March 18, 2015):

ATHENS — International Monetary Fund officials told their euro-area colleagues that Greece is the most unhelpful country the organization has dealt with in its 70-year history, according to two people familiar with the talks.

In a short and bad-tempered conference call on Tuesday, officials from the IMF, the European Central Bank and the European Commission complained that Greek officials aren’t adhering to a bailout extension deal reached in February or cooperating with creditors, said the people, who asked not to be identified because the call was private. Continue reading »

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Mar 20

ecb-frankfurt

The tower of EVIL (The Ugly Truth, March 18, 2015):

Esteemed reader Kittie Kittie mentioned that today the ECB opened its new headquarters in Frankfurt (seen above). Lots of Jews showed up at the opening ceremony, including Salomon Korn, Head of the Jewish Community Frankfurt.

I discussed the following matter in the “Truth About Money” series, but I wish to do it again here, in simpler terms.

If you can understand the following items, then you will understand more about euro-zone economics than do most “experts.” Instead of your eyes glazing over when you read some financial commentary, you will see through the lies, and declare “bullshit!”

Please ask questions if the material is not clear, or is poorly worded.

The Tower of Evil in Frankfurt is the headquarters of the euro scam, which works like this… Continue reading »

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Mar 18

A clip of the police using water cannon on protesters and some of the highlights of today’s protest so far:

Live webcast from Frankfurt down below.


Violent Clashes Break Out Next To New ECB Headquarters In Frankfurt As Thousands Protest Austerity: Live Webcast (ZeroHedge, March 18, 2015):

It’s not just Greece which is protesting the utter lack of reforms enabled by the ECB known as “austerity” – as of today so is Germany itself with the so-called #Blockupy movement. According to local media reports, the start of anti-austerity rallies in Frankfurt coincided with the European Central Bank opening its new headquarters, whose occupants are now besieged by tens of thousands of protesters, so perhaps #OccupyQ€ would have been more appropriate. Police said they expect around 10,000 anti-capitalist protesters, marching under the banner of leftist alliance Blockupy, to attend the rally, with a march through the city planned for later in the evening. The result is what according to a police spokesman “is one of the biggest deployments ever in the city.

As the photos below shows, several police cars have been set on fire, with windows being smashed and demonstrators throwing stones at police ahead of the massive demonstration on Wednesday, and as riots break out across Frankfurt even as thousands of police respond with water cannon, pepper spray and mass arrests.

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Mar 18

Anti-Dollar-Alliance

It’s Happening – More US Allies Join The Anti-Dollar Alliance (Sovereign Man, March 18, 2015):

The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining.

After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead and join as well.

Welcome to the beginning of the end of the US dollar’s domination. It’s happening.

For the past few decades America was the undisputed global economic and political superpower.

The entire world happily used the US dollar, and hence, the US banking system. More importantly, the world happily placed its trust in the US government.

But there’s a limit to how irresponsible, reckless, and threatening you can be. Eventually such behavior catches up to you.

That time has now come. Continue reading »

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