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Rumor or Breaking News? Germany to Exit the Euro This Weekend.
The internet, and especially gold forums, are getting excited over the possibility of very big news from Germany this Friday. As reported by a Zero Hedge contributor, a forum post at GoldLikeProductions from a user identifying himself as a Deutsche Bank employee, suggests that the big news to be announced this Friday as stated by German politician Gregor Gysi at a recent press conference may be that Germany will announce a return to the Deutsche Mark, eliminating the Euro as their country’s currency:
This forum post, coupled with a page identified at Kitco.com (screenshot), one of the leading precious metals dealers in the world, that looks like it is being built to price gold/silver/platinum in Marks, has gold bugs around the world buzzing. If Germany were to announce that they are pulling out of the Euro and switching back to Marks, there would be serious implications around the world. The European crisis would likely accelerate and last Thursday’s stock market crash would just be an appetizer for what we can expect around the globe come Monday morning. Gold would likely make a serious move to the upside as a result. Dispelling the RumorWe warn our readers that this may very well be nothing more than a rumor, and recent gold price action in the upward direction may be partly attributed to the aforementioned forum post and Kitco page. Regarding the Kitco.com web page, the SHTF Plan research team utilized Archive.org, an internet archival web site that tracks web site pages over the course of the last 15 or so years. The very same page which is being listed at Kitco with the following URL: http://www.kitco.com/market/dm_charts.html is NOT A NEWLY CREATED PAGE and has existed at Kitco.com for quite some time. The page has existed at the exact URL address since before the Euro was accepted by Germany. According to Archive.org, the Web Archive’s earliest listing for this specific URL dates back to August 12, 2000 and the oldest available instance of this page can be viewed here: http://web.archive.org/web/20000815053338/http://www.kitco.com/market/dm_charts.html Thus, this is not a new development and the page was simply never taken down by Kitco.com after the Deutsche Mark was removed from circulation. The fact that the only available news about the new Deutche Mark comes from an anonymous poster at an internet forum should further dispel this rumor. How likely is it that Germany would drop the Euro?While we do believe in the eventual destruction of the Euro and breakup of the European Union, Germany announcing that it will be dropping out of the monetary union and introducing a new currency over the weekend is unlikely. However, for inquiring minds, we direct readers to a Financial Sense University article from April 2010 titled German Windfall Profits From Exiting The Euro:
It is not completely out of the question that Germany will decide to leave the European Monetary Union but remain an EU member. Obviously, if the German people (The #2 exporters in the world) are going to be strapped with bailing out Greece, the rest of the PIIGS and Eastern Europe, they may be much better off just cutting their losses and getting out now. Friday will be an interesting day, but we’re not holding our breath. At this point, the world economic and financial systems are such a mess that even if Germany announces a switch back to the Mark, the end result globally will be similar to what will happen at some point in the near future anyway – panic, collapse and all the goodies that go along with that. Author:
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Agreed. I’m not holding my breath.
…but you never know…
The Germans might just be thinking that it’s better to rip the band-aid off in one quick motion…Â
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I doubt that Germany is going to break away this weekend. But I wouldn’t be surprised if it happened this summer or fall.
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Yeah, the German people having to bail out the PIIGS is sort of like Texans having to bail out California and New Jersey. . .  Oh, wait a second. . .
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Germany always has had its eye on Europe . Long before any of the world wars were even fought there . Germany holds all the cards in the game being played out right now . It has the most money , the most industry , and the most to lose when the euro fails , so they need to bail out before it crashes . Germany will eventually rule Europe simply because they have the money and as its been written so much before “He who has the gold makes the rules ” They will take over with out firing a shot .
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The Germans rule indeed. But from the other hand, they produce consuming products. This means that a mass denial for buying German products, would drop their sales.
The worst is about to come though. With the unemployment rates increasing globally, Germans will find themselves looking for customers.
So everything is unstable nowadays.
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Ever since the end of World War 2 Germany has been subservient to the United States interests, at their own citizens expense. Â
Germany now needs to tell their current Euro masters in Brussels and the NWO sock puppet Obama to kiss their ass.  Â
Germany can certainly stand on their own in global affairs and would be a powerhouse economy trading with China, Brazil, and Russia without the rest of Europe dragging them down.
Go Germany! Â
F*ck the Euro, F*ck that NWO sock puppet Obama and his degenerate administration bent on destroying the U.S. Constitution.  Â
Â
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It wouldn’t surprise me if it did happen.
Germany cannot allow itself to be dragged into some inflation prone,debased currency with all of the undisciplined politics that it entails.
They(the Germans)Â are simply too conservative in their finances.
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As one of the largest exporters in the world, if not the largest ( most people think its china) of quality goods. I don’t think Germany would get hit as far as their exports go because of the quality of their goods. The Germans actually manufacture their own stuff and have a Industrial and manufacturing base. Yes they have exported some manufacturing, but the base is still in the mother land, which America rebuilt after WWII. Is there a lesson here? Still think NAFTA was a good idea? Remember Ross P. and the huge sucking sound he warned us about? America and Europe are now in the Vacuume!!
When we did NAFTA, Germany was reuniting east and west. In our world, remember everyone has their German Scientist. Can we say that about any other country in the world?
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Get your gold and hang on to it. We ain’t seen nothin’ yet.
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I thought Merkel might be strong enough to do something like this, but after the cave-in this weekend she now looks little different than all the other globalist oatmeal politicians. Germany must eventually pull out, but it will be under someone else and this is way too soon.
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I would be astonished if Germany did this. But, on the other hand, it would be pretty cool. GO GERMANY! If you couldn’t do it with panzers and stukas, then do it with Deutsch marks.
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Comments…..If people think Germany will abandon the Euro, they’re dreaming. Germany is the#1 exporter of quality products, and the best engineers in the world. China is the #1 exporter of junk. I was in Germany 2 weeks ago on business, the German government is spending their money on building factories to employ people, they’re not spending it on wars.
This Euro. Bashing is temporary, who ever bets against the Euro. is going to lose.
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When I was in the ARMY, I was stationed in Germany for almost 3 years before I decided not to reinlist. I LOVED it there!! Such a beautiful country… with all of the crazy crap going on here thanks to Obamass… I’m tempted to grab my passport and go back permanently.
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@ personofnocolor
No, Germany bailing out the PIIGS is not like Texas bailing out California or New Jersey. It’s like the US bailing out Mexico and Honduras and Venezuela and Columbia and …etc. How would you like that? Europe is not the United States. Within Europe we are different nations, different languages, different histories, different cultures, different mentalities. We are forced from TPTB to pretend as if we are one. We are not. The people are not being asked. I am from Germany.
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BTW, the rumor about a currency reform was not started by this “banker” at godlikeproductions but has been discussed in German forums for over a year now. There are several circumstancial evidences that seem to point to this weekend that you can only see here in Germany. The next weekend is also a possible date. But of course there are also many experts who believe this is not possible and is not going to happen (at least not so soon). Everybody is just waiting and sort of tense to see what will happen this weekend.
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Hello, but I came across very recent photos of the new notes at
http://xs.to/image-AD77_4BEC5E05.jpg
http://xs.to/image-AD77_4BEC5E05.jpg
Look at the date. I am not sure if this is a hoax though.
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Interesting stuff Pap.. thanks for posting.
These show a date of May 14, 2010… We’ll find out soon enough…
If the German Mark is coming, I suspect some stock markets might smell it today – it looks like gold smells something – up nearly $17 with stock markets set to open down almost 100 points on the DJI as of this writing….
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http://www.godlikeproductions.com/forum1/message1065332/pg2#16917885
It is a hoax. Look at this thread. All pictures were proven photoshopped.
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I also may add that the rise in gold prices may have resulted in this hoax that is present on many forums and webpages in general now. People being affected seem to be panicking – spending their Euros in Gold or changing them into other currencies to avoid a loss in wealth.
I myself am German and quite sceptic of all this. We will see if anything happens this weekend.
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>> Within Europe we are different nations, different languages, different histories, different cultures, different mentalities.
Cat, some people would say exactly the same thing about Texas and California (who did incidentally essentially issue its own currency last year). Or the North and the South, which by the way did have different currencies at one point. So did each state. I do not think the USA would be as strong now as it is (altho maybe that’s no great prize anymore) if we’d remained a confederacy with separate currencies.Â
But you’re right, the focus of Europeans vs. Americans may well lead to a different result. As a nation full of immigrants who left their history behind for a new life, most focused on commonalities and the future in the US. Not so in Europe where history and differences/uniqueness is of primary importance. Not that either is right or best, but the pendulum does seem to be swinging back toward isolationism, it will be interesting where things take us next.
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well, no sign of any of this being true in Germany!!
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It’s amazing how gullible and ignorant the US public is.
Their brains are fully encased in fat -as the rest of their bodies- so they can’t think straight. how else can one explain their oblivion to the destruction of their way of life by FED , Goldman Sachs, and the like? Their took their tax dollars bailed themselves out and paid themselves millions in bonuses while laughing how dumb the US population is!
Only in Amerika!
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I’M GOING WITH RUMOR
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Obserwator: Look I’m pretty sure your the ignorant one, due to the fact that you put all American’s into one category. We are not all encased in “fat” as you say, as there are actually smart American’s who have been living self sufficiently and are STRONGLY against all of the bailouts. What the rest of the world is clearly not seeing is that while our politicians bailed themselves out and gave more to the rich bank CEO’s and those of the likes, the rest of the U.S. is struggling in many parts to even keep their heat and electric on. My family and many in the community I live in are living off the land like we have for many many decades. We want nothing to do with these crooked, crazy rich fools who have destroyed the entire American Dream that have brought people from all over the world. What you see on American t.v. today is definitely not even close to whole picture. Â
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Sam: You got my vote. Whatever happens with the Euro, it will emerge, stronger and the EU more centralized.
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“GERMANY HAS IT’S EYE ON EUROPE” what kind of Comment is THAT?! Germany is part of Europe and they want the “Deutsche Mark” back! What is so wrong with that?I lived in Germany all my life,was born and raised there,then left ten years ago to live here in the U.S.A. Shortly after I left Germany ,the “Euro” was put into place which to my knowledge messed up the Economy over there,since I still talk to friends and family ! I always thought it was wrong to change the currency of each country and make it all the same! If Germany wants to go back to what was before……..why not? I am all for it!!!!!
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Comments…..Comments…..Germany out from europe?this is great news will see our money (italian liras!)and our life will come back.every nation free we can still be friends and partners whith out the fucking euro.
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It’s now almost December 2010…….how’s the prophecy thing working for ya?? If any country could and should give up on the Euro, Germany would be my first bet….
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