On The Financial Horizon, Germany Is Rising
Most people in America live in a bubble where they know their credit rating, but little about the economy elsewhere.
Germany is now rising as a super power competing with China for head of the New World Order. But how can that be?The answer is very simple: The economy in Germany is not debt driven. People tend to save money and tend to make their decisions based on what they have and not what they can get credit for. People in America have for years been having a lifestyle of owning more, but that changes as the banks confiscate the assets.
Keiser predicts the rise of Germany again in the near future. They will be a reconstituted Germany, with their own central bank and own currency again.
Max Keiser: Germany to Emerge as the World’s Next Superpower, Competing Head-to-Head with China
The question is now can Germany ditch the Euro and will terror threats weaken their spirit?
How will the elite proceed?
It’s not surprising to me that a solid economy stands while the rest crumbles.
But unless the Germans understand the need to disconnect from the rest of the European economy and don’t fall for terrorist fear mongering, their future remains as uncertain as the state of the world as a whole.
“Germany cannot keep paying for bail-outs without going bankrupt itself,” said Professor Wilhelm Hankel, of Frankfurt University. “This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings.”
EU rescue costs start to threaten Germany itself
Mike Dammann
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This entry was posted on Saturday, November 27th, 2010 and is filed under World Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Saturday, November 27, 2010
On The Financial Horizon, Germany Is Rising | via @FIRETOWN
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