In the News - Media Coverage of the Euro Break-Up

[bailouts4ever]

Dear Forum Community,

This is supposed to be the place where everyone can put in media coverage, articles, videos, reports etc. that are related to the break-up of the Euro. Anything that may be of interest, give new facts or angles can be posted.

Best greetings.

[bailouts4ever]

November 15, 2011:

1. "The crisis rages like cancer in Europe" (for 56 minutes the headline of FTD until it was removed at 1543 hrs):
http://www.ftd.de/finanzen/maerkte/anle ... 29524.html

2. France losing its AAA-Rating will be the "Stalingrad" for Europe, causing a revolution of the people:
http://www.lejdd.fr/Economie/Actualite/ ... m=features

3. New Italian Prime Minister, Mario Monti, is Goldman Sachs advisor:
http://www2.goldmansachs.com/investor-r ... lpages.pdf

4. Oops!?! European Commission loses 4.4 billion Euro due to mistakes and sloppiness:
http://ec.europa.eu/regional_policy/new ... 41&lang=de
http://www.deutsche-mittelstands-nachri ... /11/32074/

[bailouts4ever]

November 16, 2011:

1. Investor John Paulson blows most of his SPDR GLD investments, speculations he has switched to physical:
http://www.zerohedge.com/news/paulson-s ... ld-bearish

2. Core melt imminent - unless ECB starts printing money to keep system running:
http://www.ftd.de/politik/konjunktur/:s ... 29838.html

3. Only massive debt restructuring can save EU - Germany can't rescue everybody:
http://news.bbc.co.uk/2/hi/programmes/h ... 639507.stm

[Rasta]

On the Euro bashing front:

Right wing party wants Netherlands to leave Euro:
Could the Netherlands leave the euro? Wilders wants guilder back on the debating table

[bailouts4ever]

Merkel: "Ready to give up some sovereignty for the Euro":
http://www.telegraph.co.uk/finance/fina ... -live.html

Remark: It's interesting to see how quickly "national sovereignty" is sacrificed without any democratic legitimation by a chancellor that seems to more and more lose contact to the real world.

[Blondie]

Merkel: "Ready to give up some sovereignty for the Euro":
http://www.telegraph.co.uk/finance/fina ... -live.html

Remark: It's interesting to see how quickly "national sovereignty" is sacrificed without any democratic legitimation by a chancellor that seems to more and more lose contact to the real world.

You're not expecting impartial commentary on the euro in a British newspaper, are you???


This thread implies to me that:
a) you expect the euro to break-up (whatever that means exactly)
b) that the media covering this event are informed as to how and why this break-up will occur
c) that said media are impartial
d) that break-up is the only possible resolution to the debt crisis

[bailouts4ever]

Maybe yes, maybe no.

I have seen too much of Merkel saying a) but doing b). It is unquestionable what she said at the press conference - so how impartial the Telegraph here is can be neglected. There are a variety of other sources that just reported about what was said without any further commentary, the Telegraph was just a prominent pick that I came along.

So yes, I (like most people in this forum) expect the system to fail and collapse. I guess that can even today already be considered as a fact and in my view is not at question anymore. I further think that within this monetary system the Euro will not survive in its current form. At least the Euro will be crippled (by members leaving the zone) if not dissolving completely (by everybody returning to individual currencies).

Don't get me wrong. The Euro as a currency was not a bad idea it has just been badly constructed and flawed. It is a great idea to share responsibility in a common market with a common currency - but you will not cross the ocean in a ship that has not been worked out well...so the Euro ship will sink one way or the other.

[bailouts4ever]

November 17, 2011:

1. Citi chief-eco Willem Buiter: Italian and Spanish default may just be days away:
http://www.zerohedge.com/news/willem-bu ... short-days

2. Full BBC interview with Kyle Bass - "This crisis is atonement for the past" (Must see):



3. US national debt reached 15,000,000,000,000.00 USD
http://www.usdebtclock.org/

4. Netherlands back in recession:
http://www.pressherald.com/business/rec ... 11-16.html

[Boefke]

Maybe yes, maybe no.

I have seen too much of Merkel saying a) but doing b). It is unquestionable what she said at the press conference - so how impartial the Telegraph here is can be neglected. There are a variety of other sources that just reported about what was said without any further commentary, the Telegraph was just a prominent pick that I came along.

So yes, I (like most people in this forum) expect the system to fail and collapse. I guess that can even today already be considered as a fact and in my view is not at question anymore. I further think that within this monetary system the Euro will not survive in its current form. At least the Euro will be crippled (by members leaving the zone) if not dissolving completely (by everybody returning to individual currencies).

Don't get me wrong. The Euro as a currency was not a bad idea it has just been badly constructed and flawed. It is a great idea to share responsibility in a common market with a common currency - but you will not cross the ocean in a ship that has not been worked out well...so the Euro ship will sink one way or the other.

Wohoho.....not so quick. The Euro was not a bad idea? It was just badly constructed and flawed??

What signs of times are making you draw these conclusions? Did you search for facts and information on this on your own, or did you get it from "impartial" newspapers .

Me thinks that what you state may be seen pretty obvious from the view from the world today. But the search for more info on this subject has convinced me that actually the opposite seems to be true. The Euro is not at all bad constructed. As it was, why is this currency still around today in this turmoil? Why is the rest of the world isn't letting the Euro down?? They aren't jumping in on the EFSF-bonds or whatsoever blindly, no.....would you?
They demand reasonable adjustments and privileges for their support. And European country's are working on this!
Do they demand measures that could break the Euro??
DEFINITELY NOT.

Why not? Because all of the world today knows that this is the only alternative to the $-regime....upon us for decades and decades. A regime against all natural flows and value's. So yes, the world wants this thing to work for their own interest yes. Because it was badly constructed....NO, because it flaws......no. The Euro was never going to be introduced with the measures shouted from the markets today. People in Europe were and still are a bit of brainwashed when it comes to the Euro......
So this game has to be unfolded slowly, forcing the markets to enforce the necessary changes in the political and budgetary side of the Euro. Behind this is the solid construction of the Euro-concept as a whole.....which will be know globally during our lifetime .

[bailouts4ever]

N O P E !

Don't agree with this at all - even as I draw my information mainly from reading "impartial" English newspapers such as the SUN, Playboy and Horse and Hound...

Yes, the Euro was necessary as a geopolitical counterweight for Europe to compete with the US (the sinking power) and China (the raising power). Thus, we need to have unified currency in a common market. So far that makes sense.

Yet, with strong and weak economies, different legal and political systems and cultural concepts united under one currency roof the Euro has a bunch of flaws like e.g.:

- Lack of ONE united central bank. What we have is the ECB network of now visibly conflicting interests. The French want different to the Germans and different to the Portuguese...
- Lack of political independence. I bet that we will see the ECB using elastic money supply (printing money) in order to buy sovereign debt. How independent is that? How much better than the FED is that? How stable will the currency stay with that? How much of a congruent politics is that?
- Lack of a currency core of some sort e.g. by uniting currency and commodity reserves
- Lack of political power that really wants to defend the currency. The Maastricht Treaty turned out to be a joke! With violating the underlying treaties Europe has not only send a bad signal not it also put its basic values at stake?
- Lack of accepted supranational expertise in control of the Euro monetary system. See how Sarkozy mobbed Smaghi out of the ECB? Not because we had no expertise but just because Smaghi was Italian! In other words you may be well qualified to run a central bank but you will not be allowed to do it because positions in Europe and the Euro are put up on proportion rather than quality.
- That's just some of the little things that don't come handy when trying to construct a well working currency. Should I continue?

You are looking for an alternative to the USD-Regime? I know one - it's called XAU! It's generally accepted all over the globe, it's well established, it's historically proven, it needs no management and it really hold value.