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Germany printing Deutsche Marks, British Foreign Office warns of euro chaos

I imagine this is just a rumor but it's not like it's not a reasonable rumor. Many seem to think that this is all going to fix itself. The world grew by creating bubbles inflated by debt. Some seem to think that we can continue doing that.

It's funny, the markets went up Friday over the news once again that the countries had come together to form a solution only to see the markets dive today when it's realized nothing has been accomplished. Of course, everyone knew that Friday also. We do this week after week. It would be funny of not for the magnitude of the problem.
 
Recently Greece renegotiated its debt and 60% or 70% of the debt was forgiven. That would be "default" under any financial analysis. If Germany signed a contract with Greece, it could expect more of the same. The Reserve Banks are tripping all over themselves to make sure nobody suggests that a default occured, but reality bites. The debate is framed to adjust perception to debt was forgiven not that it was defaulted. Perception is everything when currencies are supported by "confidence" and lack intrinsic substance, don't you think?

I saw a statement the other day and I wish I could give credit.

Ponzi scheme's need to inspire confidence, countries shouldn't need to.
 
So after calling for 'facts to drive the debate' you immediately begin speculating and spreading more rumor.

LOL I presented the facts and made a conclusion from that.. not my fault you dont like it. Not like Pippa gave any facts what so ever to back her claim up, at least I provided facts to back mine up.
 
Seems better than being driven into near bankruptcy by Greece.

LOL so now Germany is near bankrupt because of Greece? And you base this on what facts exactly?

There's a line behind Greece too with financial problems. Germany wouldn't be having these problems if not for the Euro.

What German problems? Germany is a strong economy with growth and falling unemployment. If you call those problems, then you and I have very different views on what a problem is. Even the Euro is now falling again, all playing right into the hands of the Germans.

The only real problem Germany has, is their hatred of printing money which is causing this "Eurozone" problem to continue. If they gave up this, and let the ECB print, then we would be over many of the immediate problems of the Eurozone, and have time to fix the structural problems of its members.

The Euro was too grand an idea. It was trying to unite too many different economies and cultures together.

Yea like the Pound and the US dollar.. or the Canadian Dollar...so many different cultures and even languages all living in "harmony" in an economic union.. such a grand idea. So when are these countries gonna fail like the Eurozone?

Printing one's own money is a huge mark of sovereignty;

Oh it is? So that means Rick Perry will start printing his own Texas Dollar once he is out of the race and Obama back in the White House? After all he has floated the idea of succession from the Union.. And considering the amount of money flowing from rich states to the poor (often red) states in the US, then one has to wonder what places like California and New York get out of being in the same economic union as the deep south and the bible belt..

giving it up to something as widely inept as the EU is really stupid.

Funny that can be said of the US and UK as well.. internally that is.. Wales and Scotland "giving up" (yea they were conquered) their sovereignty was really stupid.. Same goes for every single state in the US... that is sovereignty is something important.. or is it just one of those words thrown around by people who disagree with a political and/or economic group?

And for the record, even if every single country in Europe still had their own currency, guess how much sovereignty they would actually retain? NONE!, because they would all be forced to follow the interest rates of Germany/France and have very little flexibility in printing money. The only countries with any sort of sovereignty with their own currency are the US and Germany, with smaller amounts of sovereignty by France, Spain, Italy and the UK... all the rest would still be playing follow the leader.

Germany would do well to go back to their own currency and reject the Euro.

Yea having their own very very very expensive currency would do wonders for their export driven economy....
 
The EU as it is is doomed, the Euro, headed for the trashbin. Chaos, is looming on the horizon.

The US is doomed, the dollar is heading to the trashbin.. Chaos is looming on the horizon.

Fixed it for you.. makes just as much sense as your drivel.
 
LOL I presented the facts and made a conclusion from that.. not my fault you dont like it. Not like Pippa gave any facts what so ever to back her claim up, at least I provided facts to back mine up.

Actually you didn't. It was speculation, gossip and rumors based on your speculation gossip and rumors,

Anyone can read the obvious.
 
The US is doomed, the dollar is heading to the trashbin.. Chaos is looming on the horizon.

Fixed it for you.. makes just as much sense as your drivel.

Another commonplace European tradition. When in doubt, or confronted by facts, change the subject to the Americans.
 
@ grant thats true but we were the same way till the civil war.

@dave fagan I didnt know that. But isnt that how all currency is supported today? No country could have a economy on a gold standard anymore or at least thats what I have been taught. I meant more of a they outline this is how we are gonna fix it so u can take the risk on us. I have seen it time and time again a young soldier goes and spends to much money, then his team leader or squad leader bails him out. Then to make sure it doesnt happen again they say you cant do this or that or you can do it if you with me or someone else responsible. I know thats harder to do with countries but I feel with us bailing Europe out we should had sat down and been like you have to cut spending down this much that includes entitlement programs, giving loans, and even paving roads. I know that sucks but im giving you money cause u messed up and im helping to fix it
 
The US is doomed, the dollar is heading to the trashbin.. Chaos is looming on the horizon.

Fixed it for you.. makes just as much sense as your drivel.
Don't come over here when you lose everything, I've already phone the INS to lock the door. :lamo
 
Actually you didn't. It was speculation, gossip and rumors based on your speculation gossip and rumors,

Anyone can read the obvious.

So you are saying that I am wrong because I point out flaws in the OP post and the moron American economist who started these rumours? I am not speculating anything about the rumour it self. She came with the rumour and without proof. There is no factual evidence that it is true.. hence she is speculating and I am talking facts.

The only speculation I do is in an attempt to understand why this woman wanted to start and spread the rumour in the first place.. and even that was backed up by factual evidence of her political leaning and past work and words.

But what ever.. you have a comprehension problem it seems, so move along.
 
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Don't come over here when you lose everything, I've already phone the INS to lock the door. :lamo

Loose everything? My country is doing just fine.. highest positive trade of balance outside the oil producing countries, no external government debt to mention off, under 5% unemployment last I looked and that is despite being in a recession..

How is it going over there.. still got that 10+% deficit, 100+% debt ratio, bankrupt towns, cities, counties and states and of course a failing banking system? Are you property prices going up? How about the average wage.. that started going up finally after decades of stagnation?
 
So you are saying that I am wrong because I point out flaws in the OP post and the moron American economist who started these rumours? I am not speculating anything about the rumour it self. She came with the rumour and without proof. There is no factual evidence that it is true.. hence she is speculating and I am talking facts.

The only speculation I do is in an attempt to understand why this woman wanted to start and spread the rumour in the first place.. and even that was backed up by factual evidence of her political leaning and past work and words.

But what ever.. you have a comprehension problem it seems, so move along.

So the problems in Europe are nothing but "rumours"?

The fact is that you are talking rubbish and it's apparent to anyone who ever bothers reading your posts. You've been denying this problem for months, or longer, and blaming it all on the Americans when you do admit to a problem, just as do many goofy Europeans.

Europe is in another self made mess and it's your type that makes it that way. The smart people have already emigrated.
 
So the problems in Europe are nothing but "rumours"?

The fact is that you are talking rubbish and it's apparent to anyone who ever bothers reading your posts. You've been denying this problem for months, or longer, and blaming it all on the Americans when you do admit to a problem, just as do many goofy Europeans.

Europe is in another self made mess and it's your type that makes it that way. The smart people have already emigrated.


If you were paying attention you would know that Pete was generally talking about the rumour about Germany printing marks, being taken up by other newscorp papers as being fact.

Pete then made suggestions as to the motives of the person who stated the rumour
 
Hahaha SO true!

I just love reading your posts, PeteEU because they are so... 'European'. That is they tend to wander off in all directions hoping an answer to life's problem's will be stumbled upon somewhere along the way. Always uncertainty and never a clear philosophy. Simply a series of social experiments.

So the same guy who says also says




and


and



So after calling for 'facts to drive the debate' you immediately begin speculating and spreading more rumor.

Such is the mess in Europe, and there are strong indications it was ever thus.
 
If you were paying attention you would know that Pete was generally talking about the rumour about Germany printing marks, being taken up by other newscorp papers as being fact.

Pete then made suggestions as to the motives of the person who stated the rumour

Suggestions as to motives?

Would that be speculations based on gossip and rumours?
 
Furthermore, I don't care if they print Deutsche Marks or Deutsche Bags... it isn't going to help. Europe is a prime example of how leftist economic models fail.
 
If you were paying attention you would know that Pete was generally talking about the rumour about Germany printing marks, being taken up by other newscorp papers as being fact.

Pete then made suggestions as to the motives of the person who stated the rumour

He aint paying attention.. he is doing nothing but baiting and trolling. Just look at his last idiotic reply.
 
Furthermore, I don't care if they print Deutsche Marks or Deutsche Bags... it isn't going to help. Europe is a prime example of how leftist economic models fail.

And you sir are a ....and have zero clue about Europe it seems. Do you even know where it is?

leftist economic models.. lol give me a freaking break. If anything it is Reagan/Thatcher economics we have been following in Europe for the last 30 years, just like the US. Not to mention that it was rightists who drove Greece over the edge, it was rightists who were in power in Italy, and rightists who were in power and allowed the Spanish building boom. It is also rightists that have been in power in Germany and France for the last decade and so on and so on.
 
Is Europe in Canada?


Europe's problem is simple. You spend money you don't have on social programs you don't need. Your corporations are over-taxed and over-regulated so they are handicapped on the global market.

To add to the trouble, your governments are set up in such a way that it's impossible to get anything done.

You're flooded with immigrants because your birth rates are too low, and your countries are losing their sense of identity.


That said, you are the smartest people on the planet... hopefully you figure a way out of this mess you've made for yourselves.

And you sir are a ....and have zero clue about Europe it seems. Do you even know where it is?

leftist economic models.. lol give me a freaking break. If anything it is Reagan/Thatcher economics we have been following in Europe for the last 30 years, just like the US. Not to mention that it was rightists who drove Greece over the edge, it was rightists who were in power in Italy, and rightists who were in power and allowed the Spanish building boom. It is also rightists that have been in power in Germany and France for the last decade and so on and so on.
 
They would be wise to exert total control over their own currency once again.
 
I don't think this story is a hoax. It's just about having your bases covered. The fact that they picked Germany is what tips me off to that it could be true.

If the EU were to abandon the Euro, the only way to really do it would be for the creditor nations (Germany) to break away from the currency first.

They would be wise to exert total control over their own currency once again.
 
Europe's problem is simple. You spend money you don't have on social programs you don't need.

So we dont need unemployment insurance, education and healthcare?

Your corporations are over-taxed and over-regulated so they are handicapped on the global market.

Wait a minute.. our corporation tax is lower than that of the US!... that is after all what you conservatives types are throwing into the US debate about your so called "massively high" corporate tax...

As for "over-regulated"... another myth. Are there some countries that have too many regulations.. sure, and they should deal with that, but there are also countries who have less regulations than the US.

To add to the trouble, your governments are set up in such a way that it's impossible to get anything done.

Okay, you not only just shot yourself in the face, but placed your own fist up your... OUR governments are DOING something. All countries are cutting costs, redoing pension systems, and so on... even those with great economies. There is very little if any gridlock in individual countries. It is YOUR government and political system that is in utter gridlock not being able to determine the colour of the freaking bathroom without a 60% majority vote in the Senate. Now on EU level governments are fighting for national interests, just as they are suppose too do. This takes time, but things do get done and they at least do talk to each other in a civilized way.. minus the UK of course.

You're flooded with immigrants because your birth rates are too low, and your countries are losing their sense of identity.

LOL seriously? Where did you get this nugget... CATO? Fox News? Your local GOP talking points? Loosing our sense of identity.. HA!.. that is rich. Prove it.
 
I don't think this story is a hoax. It's just about having your bases covered. The fact that they picked Germany is what tips me off to that it could be true.

If the EU were to abandon the Euro, the only way to really do it would be for the creditor nations (Germany) to break away from the currency first.

Yea I also heard Rick Perry was printing new Confederate dollars because he knows the GOP will loose next year and hence he will take Texas out of the union. Also California wants to devalue, so they are thinking about leaving the dollar behind and get their own Hemp Dollar. I also heard Alabama was thinking of going back to the barter system, in their never ending journey to the past.
 
So we dont need unemployment insurance, education and healthcare?

It is not true that the mission of the law is to regulate our consciences, our ideas, our will, our education, our sentiments, our sentiments, our exchanges, our gifts, our enjoyments. Its mission is to prevent the rights of one from interfering with those of another, in any one of these things. Law, because it has force for its necessary sanction, can only have the domain of force, which is justice. - Frederic Bastiat

Socialism, like the old policy from which it emanates, confounds Government and society. And so, every time we object to a thing being done by Government, it concludes that we object to its being done at all. We disapprove of education by the State — then we are against education altogether. We object to a State religion — then we would have no religion at all. We object to an equality which is brought about by the State then we are against equality, etc., etc. They might as well accuse us of wishing men not to eat, because we object to the cultivation of corn by the State.

How is it that the strange idea of making the law produce what it does not contain — prosperity, in a positive sense, wealth, science, religion — should ever have gained ground in the political world? The modern politicians, particularly those of the Socialist school, found their different theories upon one common hypothesis; and surely a more strange, a more presumptuous notion, could never have entered a human brain.

They divide mankind into two parts. Men in general, except one, form the first; the politician himself forms the second, which is by far the most important. -Frederic Bastiat

Its funny that your mind set was figured out in 1850 by a Frenchman. Don't you think?
 
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