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Breaking News, Germany to Leave the Euro This Weekend?
The Market Oracle ^ | 5/13/10 | Mac Slavo

Posted on 05/13/2010 4:46:29 PM PDT by tje

The internet, and especially gold forums, are getting excited over the possibility of very big news from Germany this Friday.

As reported by a Zero Hedge contributor, a forum post at GoldLikeProductions from a user identifying himself as a Deutsche Bank employee, suggests that the big news to be announced this Friday as stated by German politician Gregor Gysi at a recent press conference may be that Germany will announce a return to the Deutsche Mark, eliminating the Euro as their country’s currency:

From a forum post by an Anonymous user:

I’m working at the Deutsche Bank in Germany. Today we delivered 1 container with new Deutsche Mark notes and new coins. I will present a photo from the new banknotes tomorrow morning. The curencychange will be the night from Saturday to Sunday 5/16/2010. On Friday, 19.00 GMT Angela Merkel the germany chancelor, will speach to the german nation.

(Excerpt) Read more at marketoracle.co.uk ...


TOPICS: Business/Economy; Foreign Affairs; Germany
KEYWORDS: euro; mark
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Probably not going to happen... but a great rumor nonetheless..
1 posted on 05/13/2010 4:46:29 PM PDT by tje
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To: tje

Yeah right.


2 posted on 05/13/2010 4:48:09 PM PDT by MissesBush (Stay angry--right through November)
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To: tje

And I’m sure someone will make a lot of money off it too.


3 posted on 05/13/2010 4:48:19 PM PDT by mgstarr ("Some of us drink because we're not poets." Arthur (1981))
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To: tje

Serious bull****.


4 posted on 05/13/2010 4:49:29 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: tje

If true, this will be a bummer for 0bummer and his NewWorldOrder and GlobalDomination.

Never doubt German Engineering.


5 posted on 05/13/2010 4:49:30 PM PDT by redshawk
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To: tje

LOL.


6 posted on 05/13/2010 4:49:52 PM PDT by kabar
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To: tje

In Bible prophesy, the feet of clay and iron are incapable of holding together. I forget the reason why the feet are seen as Europe, but it’s been my take since my youth that Europe would never form on unified body for an extended period of time.

It’s interesting to watch. For the life of me, I can’t quite grasp why established nations would agree to see their sovereignty dissolved.


7 posted on 05/13/2010 4:50:12 PM PDT by DoughtyOne (Excusaholic: MeCain lost to Jr., RINO endorsements are flying, & you live at 2012 Denial Blvd.)
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To: tje
I salivate at the prospect, though.............

"But know this, that in the last days perilous times will come: for men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away, for his name is Obama."

8 posted on 05/13/2010 4:51:35 PM PDT by Viking2002
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To: tje

There is some more interesting discussion about this subject here:

http://market-ticker.org/archives/2310-Is-It-Tin-Or-Is-It-Real-Deutche-Marks.html

The comments after the article are particularly interesting.

There are rumors on this coming from a number of different directions. If (big if) this is true, Germany may just save us all.


9 posted on 05/13/2010 4:52:47 PM PDT by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: tje

A great rumor indeed, and if it proved to be true the consequences will be immediate and severe, especially for the PIIGS.

Stranger things have happened.


10 posted on 05/13/2010 4:53:37 PM PDT by Bean Counter (Will the last American to leave California please bring the flag??)
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To: tje

Not going to happen. The Krauts are the Frogs ***ch.


11 posted on 05/13/2010 4:55:35 PM PDT by C19fan
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To: tje

This has internet legend written all over it.


12 posted on 05/13/2010 4:56:09 PM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: tje

The ship deserting the sinking rats. Is it possible?


13 posted on 05/13/2010 4:57:33 PM PDT by YHAOS (you betcha!)
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To: tje

Its on Denninger site too. Not even Mr. Denninger believe it.


14 posted on 05/13/2010 4:57:56 PM PDT by Orange1998
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To: tje

The New World Order rocks at the prospect.

Probably won’t happen though.

But a German politician did ask why German workers will have to work to 75 so Spiro and his pals can retire at 50.


15 posted on 05/13/2010 4:58:43 PM PDT by NaughtiusMaximus (Mexico presents a more profound threat to our territorial integrity than Germany or Japan ever did.)
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To: tje

An anonymous rumor doesn’t mean very much.

But there are a few straws in the wind that might be moving Germany in that direction.

1. The two German members of the EU central bank voted against the Greek bailout.

2. Obama twisted Angela Merkel’s arm to make her go along, and as a result she looks like she’ll soon be out of office.

3. The Bundesbank has a long history of relative economic stability, compared to the rest of Europe.

4. The German people have been buying gold like crazy.

Finally, if Merkel wants to stay in office, she’s got to do something dramatic. Otherwise she’s gone.

Republican congressmen are also raising the issue, and will push to pass an act that will prevent US money from going into the bailout. Obama certainly won’t agree with that, but it will be tough for him to argue that a trillion in American bailout money should go to help Greece, when our country is going down the tubes with enormous debt.

So, rumor, yes, but not totally out of the question.


16 posted on 05/13/2010 4:59:50 PM PDT by Cicero (Marcus Tullius)
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To: tje

This sounds likea rumor by someone that just invested in gold or one of those scam emails that circulate.


17 posted on 05/13/2010 5:02:28 PM PDT by gunsequalfreedom
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To: perfect_rovian_storm

This is a scam announcement.


18 posted on 05/13/2010 5:03:26 PM PDT by gunsequalfreedom
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To: tje; NormsRevenge; Grampa Dave; SierraWasp; blam; SunkenCiv

Could be,...Germany could easily survive.


19 posted on 05/13/2010 5:03:32 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: tje

Stierrückstände


20 posted on 05/13/2010 5:03:32 PM PDT by nhoward14 (A mind is a terrible thing to waste. That is why Obama gave his away.)
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To: Ernest_at_the_Beach

More than like, it is just a rumor to kick up the Gold prices which thrive on rumors.


21 posted on 05/13/2010 5:08:29 PM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: tje

Overnight this weekend seems a little sudden, but eventually European countries will not want to be drug to the bottom by their neighbors, and will go back to separate currencies. The EU may not necessarily survive what is lurking in the future.


22 posted on 05/13/2010 5:11:26 PM PDT by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
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To: tje

Rediculous, even if they did something like this it would take years. First they would have to figure out how to redenominate all the EUR debt.


23 posted on 05/13/2010 5:12:15 PM PDT by culpeper (He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people,)
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To: DoughtyOne

“I can’t quite grasp why established nations would agree to see their sovereignty dissolved.”

Because they didn’t have a choice or had drank the cool aid.

Ireland voted it down. They were told they would have another chance to vote.


24 posted on 05/13/2010 5:13:25 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: tje

They were insane to join the Euro in the first place. the Deutsche Mark was one of the strongest currencies; how in God’s name could it NOT be dragged into the mud by their screw-up neighbors? WTH were they thinking? That’s like unifying the Dollar with the Peso and being SHOCKED! SHOCKED! to see financial chaos a few years down the line.


25 posted on 05/13/2010 5:14:04 PM PDT by Windcatcher (Obama is a COMMUNIST and the MSM is is armband-wearing propaganda machine.)
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To: driftdiver

Only in government does the natural order of things mean, “No!” means certain eventual “Yes”.


26 posted on 05/13/2010 5:16:03 PM PDT by DoughtyOne (Excusaholic: MeCain lost to Jr., RINO endorsements are flying, & you live at 2012 Denial Blvd.)
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To: tje

Really wishing that OPEC had tied the price of oil to the Euro as they were threatening a year or two ago.


27 posted on 05/13/2010 5:18:38 PM PDT by dangerdoc
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To: Windcatcher

The Mexicans would never be that stupid.


28 posted on 05/13/2010 5:20:36 PM PDT by BiggieLittle
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To: tje

No way, not yet. The EU will totally collapse but not yet. They will go back to the more natural order of individual states with their own currencies.


29 posted on 05/13/2010 5:21:54 PM PDT by jveritas (God bless our brave troops)
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To: mgstarr
And I’m sure someone will make a lot of money off it too.

I wonder who...


30 posted on 05/13/2010 5:22:17 PM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: DoughtyOne

I believe that what you are remembering is the description of the statue that Daniel interprets. Head of Gold, arms of silver, torso of bronze, legs of iron, and feet of iron mixed with clay.

The two legs are Rome, and the Roman Empire, both west and east. I have long wondered if the entire Roman Empire will be what arises and be the feet of clay mixed with iron. That would include North Africa, Egypt, Turkey and others.

I know it has long been thought that the EU would be the ‘feet of clay’ but now it is not so clear.

Who knows, the ten kings could be regional kings that will rise out of the ashes of a world economic crash, not the EU at all.

But if Germany does leave the EU, she will be one of the pieces of iron.


31 posted on 05/13/2010 5:23:29 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: Cicero

32 posted on 05/13/2010 5:24:59 PM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: Grampa Dave

Not sure Gold buying needs much help in Germany from what I heard on the Teevee...but someone might have thought a rumor would help.


33 posted on 05/13/2010 5:29:21 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: tje

The German Mark is the currency in Germany (DE, DEU). The German Mark is also known as Deutschmark, and Deutsche Mark. The exchange rate for the German Mark was last updated on May 7, 2010 from The International Monetary Fund. The DEM conversion factor has 6 significant digits.

http://coinmill.com/DEM_EUR.html#DEM=2

hmmmmmmm......the Euro is not long for this world.


34 posted on 05/13/2010 5:32:26 PM PDT by mo
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To: tje

i highly doubt it. Why did they support the bailout only to then leave the EU?

It would make sense if they were “forced” to do the bailout without a choice to stop it


35 posted on 05/13/2010 5:32:28 PM PDT by 4rcane
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To: driftdiver

“I can’t quite grasp why established nations would agree to see their sovereignty dissolved.”
The original sovereign colonies let it happen. The US has headed down that path at breakneck speed.


36 posted on 05/13/2010 5:33:48 PM PDT by freedomfiter2
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To: tje

If any nation could pull it off, Germany sure could.


37 posted on 05/13/2010 5:38:36 PM PDT by Waco (Kalifonia don't need no stenkin oil and no stenkin revenues)
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To: tje
Probably not going to happen... but a great rumor nonetheless.

Agreed, on both counts. Probably somebody who's trying to see if they can get something going that spooks the markets one way or t'other.


It's Ford, or It's Foreign

bumper sticker
38 posted on 05/13/2010 5:43:15 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: tje

Is it possible for a member of the EU to drop out??


39 posted on 05/13/2010 6:13:17 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: elpadre
Is it possible for a member of the EU to drop out?

If they did France would threaten military action, which would mean marching around, then eating cheese.

40 posted on 05/13/2010 6:34:06 PM PDT by Voltage
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To: tje

If they leave they better get out before the bailout bill comes due. Get while the gettin’s good!


41 posted on 05/13/2010 6:35:53 PM PDT by NYCslicker
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To: jiggyboy; blam; Travis McGee

Rumor ping.


42 posted on 05/13/2010 6:37:13 PM PDT by Jet Jaguar (*)
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To: tje

Are they ever allowed to leave the new world order once they are in?


43 posted on 05/13/2010 6:39:20 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: A CA Guy

I don’t imagine that it is the Hotel California...

sorry, I couldn’t resist...:P


44 posted on 05/13/2010 6:46:12 PM PDT by stefanbatory (Weed out the RINOs! Sign the pledge. conservativepledge.org)
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To: Waco

Germans (the smart ones) having been hoarding the DM ever since the Euro inception. Used as a black market currency since it’s been stronger than the Euro the whole.


45 posted on 05/13/2010 6:59:25 PM PDT by Razzz42
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To: Razzz42

....the whole time.


46 posted on 05/13/2010 7:00:48 PM PDT by Razzz42
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To: tje

Making the change to the Euro was a massive undertaking. Switching back to the D-Mark would be an equally massive undertaking. You simply can’t do it from zero to 60 in 4 seconds.


47 posted on 05/13/2010 7:18:35 PM PDT by Jabba the Nutt (Are they insane, stupid or just evil?)
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To: redshawk
How does the US back out of commitments as we seem to have in Europe. I doubt any financial deals passed through the Senate and are all wrapped up in these Wall Street corporations that are “too big to fail.” As I see it some involvement is OK, but not to the degree it is made out to be now.
48 posted on 05/13/2010 7:23:20 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: Ernest_at_the_Beach

Germany won’t just survive, Germany will basically run Europe if this really comes to pass.

Let’s see what the markets make of this tomorrow and what really happens this weekend. Nobody wants to go out on a limb on a rumor, but this rumor is starting to flesh out rather disturbingly, especially in light of some of the other comments being made at other sites. One is always reluctant to take anything at face value on the internet, but this one is a bit more than simply disturbing. The potential impact of a move like this could lead to the economic undoing of us all.

Home Depot still has those 1/4 mile spools of barbed wire for about $65...


49 posted on 05/13/2010 7:26:05 PM PDT by Bean Counter (Will the last American to leave California please bring the flag??)
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To: Bean Counter
THIS HAS BEEN DEBUNK....Photoshop

http://tickerforum.org/cgi-ticker/akcs-www?post=136807&page=4

Here are the images of the claimed new DMs (from godlikeproductions):

http://xs.to/image-2186_4BEC5E05.jpg

http://xs.to/image-AD77_4BEC5E05.jpg

Note the date on the wrappers: 14.05.10

Now, before you shit yourself, have a look here, on the Bundesbank website:

http://www.bundesbank.de/50jahre/images/....

Same image, but the date on the wrappers is 25.10.90

50 posted on 05/13/2010 7:59:55 PM PDT by Orange1998
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