“The Fed Will Destroy The World” – Mark Faber

In an interview on Bloomberg TV today, Mark Faber comments on the FED's decision yesterday to start a QE (money printing) program of indefinite size and duration, starting at a rate of 40 billion per month of Mortgage Backed Securities (MBS). The most interesting and frightening part of the FED's press release reads "… If … Continue reading “The Fed Will Destroy The World” – Mark Faber →

Die wirkliche Wirklichkeit

We argued in a recent post that the ESM violates Germany's constitution and the EU treaties. Today the German Constitutional Court (GCC) ruled that the ESM and its ‘fiscal treaty’ on budget discipline do not violate the country’s Basic Law and do not undermine the Bundestag`s sovereignty over budget issues, according to Openeurope. Although the full ruling … Continue reading Die wirkliche Wirklichkeit →

“The tears I have cried over Germany have dried. I have washed my face.” – Marlene Dietrich

As 54% of Germans Want Constitutional Court to Kill the ESM doubts about next wednesday's resolution of the German Constitutional Court (GCC) increase in the financial community Germans could be consigned to serfdom to save the Euro @ The Guardian In this article Mr. Gunnar Beck argues that the ISM might ruin Germany and leave the country in a … Continue reading “The tears I have cried over Germany have dried. I have washed my face.” – Marlene Dietrich →

TYR 9 September 2012 reads

Five Years Since The Great Financial Crisis: "No Growth, No Deleveraging" @ Zerohedge It illustrates the lack of debt deleveraging in developed economies from 2007 until now Diverging like it is 1929 @ Safehaven Interesting comparison of the divergence of market action and fundamentals today and in 1929 The Repricing of Oil @ Peak Prosperity It shows … Continue reading TYR 9 September 2012 reads →

The ESM violates Germany’s constitution and the EU treaties, a true trojan horse

Today Die Welt publishes an article signed by Gunnar Beck, professor of EU law at the University of London. In it, Mr. Beck dissects the ESM treaty and proves that it clearly violates both Germany's constitution and EU law. The ways in which the ESM violates german and/or EU law are the following: Unlimited capital. … Continue reading The ESM violates Germany’s constitution and the EU treaties, a true trojan horse →