For Germany’s Banks, a Grim Future
http://www.cnbc.com/id/41638352====
The replies though are spot on...
“The excellent economic situation is not mirrored by the banking system.”
Of course, as it is the banks that are orchestrating, through their boom/bust cycles and derivatives schemes, the concentration of wealth and power and the current collapse of the real economy to herd us into the waiting arms of the New World Order monetary system at the cost of national sovereignty and Middle Class prosperity. The Germans are a thorn in the side of their plans as they firmly believe in hard work and home-grown productivity as well as social welfare.
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An American would rip out all assets and capital from the company replacing it with borrowed capital. He doesn't want his skin in the game. Germans not only leave it in, they build it up. No need for bank loans when you can buy your new machines from retained profits. But then, no profits for the banks either. That is why their factories are top-notch and booming. America has closed all its factories. Germany-1, USA-0
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A smart and industrious people. They also have historic stories of economic collapses in their early industrialization. Hope they catch on (maybe already have?)to the bankers/wankers(any Brits out there, did I call it right?"wankers"?), I still believe they'll be the death of the EURO, as they are not gonna want to pay for other's excess'. JMOs
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I doubt that this generation of Germans has the same work ethic as that of past generations, but here's a story my Oma related to me from her WWII days:
Relatives of hers had some land and had assigned to them some French prisoners of war to work for them. They became friends with my family, and one of them remarked something to the effect of "in France last year our towns bombed, but still nothing done about it; here in Germany however, yesterday bombed and today everyone already busy rebuilding".
The story was much better told by my grandmother with her wunderbar German expressions. It speaks to a folk wisdom that likens the industriousness of the German psyche to that of an ant hill and how the ants spring into even more furious action when their ant hill is damaged.
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