HERE IS A FEW COMMENT FROM THE LAST COUPLE OF DAYS OFF THE GERMAN SITE.......THIS IS SO COOL!! I HAVE BOLDED UP THE HIGHLIGHTS:
Neu 2010-10-19:
[21:45] match the currency reform? private to state bankruptcy pay
Leutheusser-Schnarrenberger will participate with private creditors in bankruptcy States costs. "The involvement of the private sector is an important element in crisis management."
Yes, it could be a match to be the next currency reform, which included a national bankruptcy is yes.
If the state goes bankrupt, crash not only government bonds, but also all other securities (government bonds were the last refuge region) and the currency - there is a currency crisis. Almost all paper assets are then gone, especially in bubble times like now where they are totally overpriced.
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COMMENT OCT. 26, 2010
[13:00] currency reform in 1948 and now: currency reform
In May 2010 it was almost to the extent that there was a currency reform in Germany. You could even turn the short term. In the supermarkets, the prices were changed without currency symbol. There were henceforth only the numbers on the price tag. In any case, everything is ready and you can expect every time. History shows that such a change comes over the weekend. It can no longer respond and the sheep are shorn. The rich know it earlier and react accordingly. It will mainly affect the small savers who rely in good faith of the government. The savers and savers have indeed the statement by Merkel that their money is safe in banks. As you can see in the picture, in 1948 just deal with the infantry. The population was 18 June 1948 by the radio and by notices on the forthcoming currency reform and the process information. The 18th June was a Friday. The change was therefore in a weekend.
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COMMENTS OCT. 27, 2010
[19:00] readers Communication - Security by monetary reform:
In May there is too much penetrated by the then proposed currency reform to the outside. It has therefore a strong "popped in the industry". It is therefore not surprising that this time the insiders' do not sing better. "
It was even known to the other that Germany is planning something. Even the name of the secret operation (Operation Balthasar) was known. It is therefore imperative that if this is to succeed without a crash and thus without much chaos to make it completely secret.
I think even if it now does not come to this weekend's summit because it is perhaps a minimal compromise then that will only be postponed. In any case, it seems the "Operation Balthasar" going forward.
At that time the operation was much larger. This time will be more chaos at the beginning tolerate likely than before.
Whether it will prove possible to stall the bond market until the last minute? In May, it was 1 week already quite good.
[15:30] readers Communication - a possible currency reform Haircut is still possible this weekend:
the policymakers lean powerful is far out of the window with your threats, on the contrary to May this year!
And the markets are full of sheep will soon no more much more ... Gold / Silberdrückung holds not for long ...
And on the subject of new currency, D was supposed to be finished in spring and F, etc., should now be prepared for emergencies ...
End of a month when ... ... a holiday, so extra time ... and the public saber-rattling ...
So the whole thing is sooooooo unthinkable not very similar to May ... Friday afternoon and the session is determined to end the closure of markets, etc.
So all in all, I would bring this week already have my inventory up to date ... and if we can laugh about it all the better on Tuesday, then you can one or the other but still buy more!
In any case, it is exciting again ...
In any case, something like this would be the total surprise.
[17:45] readers Communication - WR this weekend:
Are the chances of a WR this weekend bai about 15%, because the logistics would be completed.
Is it not true that it is already nearly completed in May?
The increased activity of the agents of the money BuBa in the last few days, I have at least 4 trucks in support of appropriate notice, are indeed in full swing again.
The switch software should be possible within a very short time.
If that Merkel will now be forced out of the Monopoly get out, she has taken her mouth so full of amazing, I think it's worse the preparations were not complete. The distortions are exponentially, then so is not fast enough new coal.
Even the French fighting cock is sitting in the boat.
I was back in May ready for anything, even if I missed the last faith. Only this time, this time creeps me a very strange feeling. It would be really surprising, at least for the worthy citizens. The price of gold to its knees, the euro falls.
In my view, an ideal time.
But let's wait, at least on Monday we will know more.
The distribution of money but it is not even done. One must also owe the bank employees, ATM switch, the, etc. At that time, the logistics went full, now they would have to again allow the start. It could also be that the security is much stricter now than in May.
[16:45] reader comment - Whether its 15 percent for this weekend not to be pessimistic if the summit really crashes?
In the period before the date in May in the German space a huge logistical operation was going. The preparations which have been met then you will have surely made for the canceled date is not irreversible. I think the logistics as far as you could at any time using the currency reform. Even now in this (long) weekend.
The French president seems so on the side to stand by the chancellor. Maybe because he's done well. We may have to register in France no such preparations as we have seen here but what if there is all so that it expired "really can not see." Perhaps the French had also easier because they can use the old franc notes and coins again. They could have kept all these years with the banks. We need new print, and even German influence.
My assessment involves the fact that the U.S. wollen. WE prevent any market anxiety before congressional elections.
But it does not hurt to be prepared at any time.
[16:00] reader question about currency reform this weekend:
Once best thanks for the great service.
1) What is your estimate of the risk that comes this weekend for Germany's withdrawal from the monetary union?
2) If it this weekend for Germany's withdrawal from the euro there is, what happens to shares whose value in U.S. dollars is traded? If these are also extremely reduced, or even increase? What do you think?
1. WR this weekend: maybe 15% because the logistics would not be ready until the end of 50%
2. All world markets are crashing then the U.S. markets. Perhaps it is also there to a currency reform. Normal U.S. stocks will crash, therefore, probably exchange controls are in the U.S., we no longer comes out. Shares of gold mines are likely to explode in price because the price of gold itself exploded.
[21:15] Communication-US readers - in-house training in Bank:
Thank you for your good information sources beyond the beaten paths. The biggest bank branch in Halle / Saale has completely closed on Friday due to internal company training, but you should come to the EC-machines in the hallway As is true for the other branches of Dt. Bank looks like I'm not looking, I have worried me, at least on the fast a few Swiss Francs.
This sounds much more interesting than this computer conversions. In May so it has also given. If the more common ...
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COMMENTS OCT. 28, 2010
[11:30] readers Communication - Comparison with currency reform in 1948:
information on "Operation Balthasar seems to be actually correct (A). It is, however, has drawn conclusions.
Only one relevant fact: Many readers seem to have an antiquated notion of being subject to a monetary reform that would run as 1948, or even 1923. This is a fallacy, and therefore affect the then existing signs (such as detention of goods, increased currency in circulation) does not, it is completely misleading to rely on that only such things still occur as warning features. Only directly just before such a measure would give an interest rate jump (> +3% in a few days on the collar) and a gold price jump (some 100 dollars / euros in a few days), the signal, but then you can do anything. Many apparently weigh in too much security.
1948 and 1923 was in fact no more significant amount of bank money, mainly to loan money available, the business consisted mostly of barter. There were no other cash-like constructs from outside of the monetary aggregates, it is not at all. Today, however, it is precisely those things that represent the Schwerpuntk of the problem and that is in effect become uncontrollable (derivatives, bonds, various funds and securitisations, certificates, etc.). This is at least a transatlantic problem, and would not be a currency reform in a singular country or economy from being eradicated.
Conversely, it would indeed be possible to solve this problem almost at a stroke, without officially launched a new currency (= banknotes) introduced by these things simply "frozen", ie made virtually worthless and unavailable. From the side there is a risk for the savings assets (especially insurance): it's much more of a scenario such as Argentina 2001 Germany 1948: They came simply not up to his money, the bills were still valid, the depreciation against dollar by about 200-300% was not as dramatic.
A currency reform with new notes and the haircut would be the last option which is drawn, and therefore only the worst emergency. After that would be tantamount to martial law and the economic security regulation. It is responsible for all conscious that a currency reform would lead directly to the economic balances destruction to a halt. All companies would need would immediately collapse in bankruptcy because of paragraph (since no one has more money and therefore no credits will be issued more) and a re-establishment of an orderly economy (due to the collapse of confidence) at least 20 years.
All well and good. But the German banks are bankrupt (and elsewhere). The alternative is uncontrolled crash.
PS: the corporations to apologize as the banks, because these loans have fixed interest rates usually outside. This crash in value with the remaining €. new loans and bonds are not only more.
[15:00] readers Communication - DM 2.0:
So the postal banks were yesterday, 10/26/2010 "officially" closed for a staff meeting.
Moreover, I was traveling today in Baden-Baden:
The German bank, a relatively large branch, concluded on Friday afternoon,
the Münzrollautomat was in the People's Bank "out of service"
the people and Raiffeisen banks go at the weekend a "System Update".
While I was at several banks in the city who have not announced today or tomorrow a closure, but we must not forget that on Friday in Germany, "savings day" and notice it very much would, if here would hardly have a bank normal opening times .
The rest of the completion of logistics - the majority of "stand" so certainly in May - probably already have happened in the run, just the thing with the FINES from EU countries, one with the Franco-German talks between pants suit and little Napoleon "slow "constructed to fit the reports of the recovery XXL and the" early "fabrications of unemployment.
Afterwards you can say that you would have jeopardized any further bailouts all these "great" successes worse.
And in respect of elections in the U.S.: So here it is now no longer believe that Obama & Co. had the slightest chance to reach safety, the Pack must anyway, maybe that is already prepared everything, who knows or There is a red herring ....
This "training" are interesting, this one makes because of the secrecy only shortly before. Obama & co will certainly do everything to prevent a German currency reform this weekend - and politicians are so do not leave a negative influence elections.
We will know tomorrow night, as the EU summit "anticipates," preliminary information may be today. the gold price and the price € Ensure. Here you will be first "rash" to see the (gold high, euro down, if a phase-threatening). In the EU summit there are certainly "spies", the markets provide them with information.
OK THE "RED HERRING" Kinda threw me...then I logged into my email account and found a google alert with this article:
Chinese Currency War a Red Herring?
Real News Network
If the United States starts undermining its reserve currency status by doing things like telling all the rest of the world that they have to revalue their ...
IT'S A SIGN!!! LOLOLOLOL