Skip to comments.Germany Is Already Printing Money - Deutsche Marks
Posted on 10/26/2011 11:17:46 AM PDT by little jeremiah
By now everyone realizes that the euro is in major trouble and will no longer exist in its current form for much longer. However, the common view is that it is Greece and possibly other PIIGS countries who will be forced out if the eurozone is broken up.
But few are talking about another possibility- of Germany leaving the EU.
One who is talking about this is Dr. Pippa Malmgren, a former economic advisor to George W. Bush and a former advisor to Deutsche Bank (DB). According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation of a possible withdrawal from the EU.
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We also have reports of Sarkozy and Merkel screaming at each other in recent meetings. France has announced plans to possibly nationalize several banks just in case. And Germany has dropped more than a few hints that its fed up with the situation.
Heck, even mainstream thinkers like Alan Greenspan says the euro is doomed to fail.
Something very bad is brewing behind the scenes. The Sarkozy- Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red Alert.
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So if you have not already taken steps to prepare for systemic failure, you should do so now. Were literally at most a few months, and very likely just a few weeks, from Europes banks imploding.
(Excerpt) Read more at seekingalpha.com ...
Pinging a few of you, it’s worth it to read the whole article which is pretty short. The euro collapsing will without doubt have huge effects here; of course I have little to no idea what exactly, but no doubt many here will have good comments to make about this.
I wouldn't mind having some newly minted silver DMs to go with my eagles and rubles.
If Germany pulls out, the Euro and the EU is history. The German taxpayers don’t want to foot the bill for the largesse of the PIIGS...........
I’ll start worrying if they start printing Reichsmarks.
Wall Street still seems to think the Euro is going to make it. It is still worth over $1.30. I would imagine if crash was imminent, it would be worth less than the dollar. My guess is they are able to punt the football a few more times and eventually it will lead to popular uprisings and beheadings.
Didn’t they do that post-WWI? It got them into big trouble then.
Germany is not printing Deutschmarks.
Germany printed tonnes of Deutschmarks at reunification as an insurance measure: they never quite got round to destroying them.
It makes loads of sense of them to revert to the DM. But I bet there’s something I’m just not seeing as to why they won’t.
The EU is doomed and so is the concept of a global currency. Deadbeat, lazy countries will always drag the producers down. This is going to be a good thing down the road to have this whole thing fail.
Link to Pippa’s site covering this topic.
If Germany pulls out the rest will probably collapse unless they become one giant Belgium. The Horrors.
I don’t know about the reliability of the news source, but it’s a fascinating development if true.
SO where is the safe place to put your money? Or better yet make money of this mess?
I hear Mars has potential.
Statists, leftists, idealists will hold on to their sinking ship and reassure themselves that it will somehow work. Look at North Korea, that utopia whose dictators and Generals still believe in! The Eurolandiers have already given up on the very notion of national sovereignty and refuse to believe they were wrong.
That is why they won’t until the ideological wall falls.
When will the Netherlands follow suit? Bring back the Guilder.
I shouldn’t joke, this looks terrible. The Euro was a another good intended bad idea..
It’s the old “Whoever dies with the most debt wins” mentality
Can't say I blame them!
Can you give us some best and worst case scenarios? 1. Euro declared worthless 2. US markest react by doing X 3. ? 4?
Everything goes OK, scenario A. Euro disolves in orderly fashion. B.? Small uptick in Gold prices C. Germany and GB remain relativly stable? D. Greece and PIGS move to hyperinflation? Deflation? currency collapse C. Then stabalize by following the steps of say Argentina or such?
Yeah, socialism is like that.