Dexia Bank

[bimetalaupt]

Pragmatism Without Purpose

Merkel's Record in Context

By Pierpaolo Barbieri

As devoid of successors as she is of challengers, German Chancellor Angela Merkel will in all likelihood seek another term in next year’s federal elections. In spite of her party’s lackluster performance in regional polls this year, Merkel will win again. Her current coalition partners, the Social Democrats, have been unable to come up with a potential challenger, and the Greens are more likely to aim for sharing power with her than risk antagonizing her. By the end of that next term, Merkel will have been in office for 17 years, eclipsing even West German Chancellor Konrad Adenauer and her own mentor, Helmut Kohl, the architect of reunification. But to what end?



Merkel’s legendary pragmatism—much admired during the darkest hours of the eurozone crisis—betrays a lack of ultimate purpose. Rightly or wrongly, within Germany, she has been decisive about energy policy and refugees. At crucial European policy crossroads, however, she has consistently chosen pragmatic but ultimately mistaken paths, at best delaying the continent’s recovery from crisis and at worst deepening the existential threats to the Europe she purports to defend.



The flames of the global financial crisis reached Europe quickly in 2008, and soon enough, every sovereign announced credit lines for their financial institutions. Merkel spearheaded the bank rescues, passing the German bill at record speed in the Bundestag; yet she resisted a unified European response. She tactically favored independent national solutions, aware as she was of the claim that a European response would heighten moral hazard among bankers. She took that stance in spite of the fact that one of the first troubled banks, Dexia, was by definition a transnational bank that required coordination between Belgian, French, and Luxembourgian authorities. Yet national bailouts are only as credible as those countries’ respective sovereign balance sheets—some of which were incredible, indeed.

[Aman A.K.A. Ahamburger]

she has consistently chosen pragmatic but ultimately mistaken paths, at best delaying the continent’s recovery from crisis and at worst deepening the existential threats to the Europe she purports to defend.



The flames of the global financial crisis reached Europe quickly in 2008, and soon enough, every sovereign announced credit lines for their financial institutions. Merkel spearheaded the bank rescues, passing the German bill at record speed in the Bundestag; yet she resisted a unified European response

and then turned around and expects the rest of Europe to evenly share the load when it comes to refugees. Now, far right parties are surging across Europe, the EU has had worse recovery then from the Great Depression of the 1930's, and she has given the Mujahideen warrior Erogden 3 billion pounds; which he used to reassert control over the Ottoman era Balkans...

[bimetalaupt]

I used to own a $500,000 Variable annuity written by what is now Voya.  It was sold by Walgreens as perminate insurance to protect my family and give use more retirement income. Voya canceled it because there was not enough owners canceling the deal..  Who is going to pay me a retirement that Voya owes me?  

May I go to the Federal Reserve?  Voya's ad are not true in my opinion.  Orange money to retire on!!Sorry,  Voya my cow died and I do not need your BULL!

Just a thought,
BiMetelAuPt

[Aman A.K.A. Ahamburger]

EXACTLY!!!!

The internationalization of banks has done wonders for profits at said banks, and has blown the real estate market to insane levels around the globe. When the international situation changes drastically from the last 30-40 years as it's about too... Well, you have read the same stuff I have about debt to GDP(yes we are talking insurance here)

I know what I am basing my family's future on; I can identify opportunities/trends as they arise(as I'm fully aware of now) Income from what is needed; just like the old days!!!

The new credit system, yes with currency from the Federal Reserve, should be one to watch!!

God bless.

[bimetalaupt]

More on risk reduction and the FED

[Aman A.K.A. Ahamburger]

I'll have to make it through the rest of that one later. I love the overlaps with physics... Best part about SPY & SH (or similar variety) according to this is the correlation!! Or how about assets with little to none precevid value (less units of capital) as the basis for a 0 ratio??

One thing is for certain; we have shown the value placed on paper=intelligence does not have the correlation it used to 1 trillion dollars in debt ago.. the internet has completely leveled the playing field. Or as E put it a few days ago, all you need for research is time and the net.