*PLEASE READ!! I’m a Wall St Broker and I’m Saying “CASH OUT!!!"

This seems like a rather timely article:
AP source: Hackers pierce system that runs Nasdaq - Yahoo! News

 

My main internet survival / insider-news activities are over in Europe... I speak 4 languages.

The people I am in daily contact over there with, are those type that something like this would NOT get by them... I'll confirm it now.

Thanks WSW...

- Basey

 

I got 6 answers in a hurry, all say pretty much the same thing...

Germany would Split from Brussels first, because if anything like a "Planned economy a la China" happens, you would see another "Cairo" immediately happening in Berlin, Frankfort, Hamburg, Stuttgart and other cities.

*******************

A real threat is looming here:

True, the Germans are having as tough a time as the US because of the recent bailouts of some EU member states. Like China and others, Europe had a big stake in US bonds and investments when the Fed's ponzi schemes went south in 2008, and dragged them down. Rather than to sell the USA down the drain, the Germans have tried to hold thier own, but the extra strain of bankrupt member state bailouts is taking its toll.

Explanatory link: EU rescue costs start to threaten Germany itself | Politaia.org

 

Oops... standby - one "inside" source said there was a rumor buzz on some DEEP insider blog close to Brussels that said there WAS some dialoge about "Planned economy" the other day in one committe conference...

I'll be back with more -IF it is substantial...

- Basey

PS, anyway... 50% of my portfolio is in silver and gold as we speak... WTSHTF, I'll spend the rest (cash on hand) real quick on barterable commodities!

 

seems like Germany is pretty much carrying the European Union

 

Wow, I completely missed this post yesterday

Keep us informed. I'm researching more information.

Thank You!

 

I'm trying to think of a planned economy....

SO production, distribution, pricing, and investment decisions are made by private owners of factories based upon individual interests rather than a macroeconomic plan? So the state employs taxes, subsidies, grants... there will be state-owned companies, private companies directed by the state or a combo?....So the government controls and regulates ALL production and distributions along with the prices....

Dear God it's communist China...

 

Okay, my third post in 15 minutes on this subject....sorry but I'm ****ting bricks over here! I found some information:

The plans set out by German Chancellor Angela Merkel and the French President Nicolas Sarkozy called for the harmonization of the corporate-tax base, the abolition of indexing pay rises to inflation, and also for the linking to pension ages to demographics i.e the pension age to be raised across the eurozone.

Merkel and Sarkozy are pushing for an agreement in March.

They claim their push for economic convergence in the euro monetary union without a political union and without any opportunity by the people of Europe to have a say and also without any adequate basis in an EU treaty will allow economies in Europe to overcome the financial crisis and grow faster. But experts say their plan is a way of introducing through the back door the transfer union and Eurobonds benefitting banks at the expense of ordinary people .

The plan also includes a binding indicator for labour productively and labour unit costs across Europe ie the amount of money every person earning working in a specific job sector is to be set centrally across Europe.

Labour cost units do not anyway address the problem of gigantic and growing unemployment in the eurozone as a result of the failed policies of Merkel and Sarokzy and EU, especially in countries in the southern European zone where many jobs have been lost because they joined the eurzone at an exchange rate that was too high and so became uncompetitive.

To regain competitiveness, the countries need to be able to devalue their currency or introduce a regional, parallel currency, experts say. However, there is no mention of devaluation in the Merkel/Sarkozy plan.

Crucial also to a buoyant economy is the demand for products. Germany, for example, was prosperous in the 1980s because people earned enough money to be able to buy German products, creating a virtuous economic circle of demand and production. Today, Germany’s domestic demand is small because real income is barely enough to cover essentials, and the new plan does nothing to change that.

In fact, Germans along with the rest of Europeans are set to have even less money if the new pact is agreed in Brussels in March with wages and pensions set to be slashed in real terms.

Scrapping the link between annual wage increases and inflation will mean that wages will fall in real terms across Europe, leaving people with even less money to spend and so fire up the economy.

Far from boosting the economy, the measures unveiled will, in fact, accelerate Europe’s transformation into a centrally planned, labour Gulag such as in China.

It has been estimated that more people in the developing countries will have an income of 10,000 dollars a year than in Europe and the USA together in five years time, underlining just how steep the drop in the real incomes in Europe and the USA has been.

Charities have calculated that the minimum required to live in Germany is about 1000 euros a month. That means almost 80% of the Germans are now already living on or close to the minimum needed to exist.

According to Die Welt, more than 20% of Germans have less than 1070 euros a month and another 60% of Germans earn between 1070 bis 2350 euro a month. Only 3% earn more than 7,000 euros a month.

Einkommensverteilung: DIW-Forscher sehen schwindende Mittelschicht - Nachrichten Wirtschaft - WELT ONLINE

The long-term unemployment benefit Hartz IV is 350 euros or only about 7 times more than the poorest Egyptians have to live on a month in spite of much higher costs in Germany.

The Hartz IV benefit is set to rise by only 5 euros this year on the insistence of Merkel, far below inflation, further eroding the real purchasing power and driving millions deeper into poverty.

It is not just in Germany but all across Europe that salaries have been decimated. Gone are the days not so long ago when professions such as young teachers for example earned 30 times more than their average cost of accommodation in a major cities. In Greece, for example, the average pension is just 600 euros.

The next logical step for Merkel and Sarkozy is to float plans to send millions of Europeans to live in barracks and work in factories or roads with a bowl of soup and bread until they are 90 or drop dead as in the 1930s after a similar engineered financial crisis.

I can’t see people of Europe allowing a centralised bureaucracy set up by governments in Berlin and Paris to cut their pensions and wages in order to give yet more to the banks and corporations – not after these same governments aided the banks in an engineered financial crisis that wrecked economies, and plunged nations into debt.

Merkel has said that the rest of Europe has to keep up with the “best”, implying the low wage, slave labour concentration camp that Germany has become with its corrupt financial sector, corrupt corporations caught bribing its own and foreign politicians(Siemens in Greece) is in some way to be emulated.

I suspect Europeans will share that view.

Not the Irish for sure. Even tame politicians and newspapers like Enda Kenny and the Irish Times are comparing the brutal take-over of the Irish economy by the German and EU bankers via an enforced 85 billion euro loan with the armed conflicts of Leningrad and the Easter Rising.

How much longer will the people of Europe put up with this?

After helping the banks wreck the European economy in front of everyone’s eyes and pushing toxic vaccines on their populations, Merkel and Sarkozy pair up in a flagrant bid to steal pensions etc instead of presenting a serious plan.

How dare they?

 

I'm getting in touch with a friend from Berlin who's an American English teacher. He needs to get out

 

That's frightening! Sounds like socialism isn't just for Europe anymore.

 

HELP!!

I got some feedback that both Merkel and Sarkozy had discussed such measures, but that would be the straw that broke the camel's back and could unleash scenarios similar to Cairo in a hurry.

 

I talked to my friend in Berlin. he said:

<<"I heard that there is a growing dissatisfaction in the euro as things appeared cheaper with the deutche mark.. I think that people just aren't thinking strange because its been like 6 years with inflation and everything.

The CDU have announced publicly that doing away with the euro would be detrimental to German trade because import/export and stock prices would go so high that people would start bidding against German companies and the German stock market would crash as a result.

Im particularly not worried about any **** storms in the near future (unless the Muslims are taking over) but thanks for the heads up! I will keep you posted on anything that goes down.>>

 

Well, I think GH is going to Walmart for all the Coleman fuel and lamp oil they have..and anything else I can spend these dollars on.:gaah:

Hook up that military tent stove ...soon.

 

Sad but true. I have been tell people for a couple of years now that Wall Street was just smoke and mirrors. Glad I have gotten out. I do believe things will be getting uglier soon. Real soon. With all the unrest in Egypt, Korea, now Japan & Russia are verbally duking it out, no telling when the cork will blow. Keep prepping and praying.