German High Court Approves German Euro Bailouts- Caps German Contributions at €190 B

September 12, 2012 By 7 Comments
  • German Constitutional Court approves ESM
  • Court caps German contribution to bailout at € 190 billion
  • So much for Draghi’s unlimited bond purchases…unless he can somehow convince his masters at Goldman to foot the bill….not likely
  • Gold and silver respond with vertical moves to $34.20 and $1747
    Silver’s response to the German decision:

 

 

Gold’s vertical response to $1747:


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Comments

  1. Avatar of StackerX StackerX says:
    September 12, 2012 at 6:55 AM

    I love corrupt governments! :)

    Just kidding! Glad to hear the news so early in the morning.

    Now the attention turns to the Fed. If the Fed doesnt act with QE Europeans will take their money out of USA markets causing a drop in the Stock and bond markets. This drop would guarantee a lose to Obama. At least thats how I see it.

  2. Avatar of UglyDog UglyDog says:
    September 12, 2012 at 8:38 AM

    There is a lot of speculation in the blogospere that the PTB have dropped their support for Obama and have decided to go with the Romney puppet instead.  So, that could mean no QE3 because they want Obama to lose. Either way it will be interesting to see what the Fed does this week.

    • Avatar of StackerX StackerX says:
      September 12, 2012 at 9:57 AM

      Obama does have alot of baggage that the power elite would not desire in a puppet. Perhaps they have raised the S&P to 1400 and DJIA to 13300 levels to see it drop maybe 1-2000 points before the election to seal an Obama lose and install their new Romney Puppet. If more QE isnt announced tomorrow I dont see more QE till Nov – Dec if ever under Bernankes term. (Which will end in 2014 with Romney or Obama as president.)To me that would be desirable. Why would anyone want to speed up an economic collapse by introducing another QE program? I would prefer never to see any QE ever, lower the national debt and see Silver and Gold drop in price while still preserving its purchasing power. Either way tomorrows Bernanke speech should prove to be interesting.

    • Avatar of StackerX StackerX says:
      September 12, 2012 at 10:00 AM

      Also what does PTB stand for? Pulmonary tuberculosis?lol

  3. Avatar of allinagau allinagau says:
    September 12, 2012 at 1:43 PM

    The can will be kicked down the road some more but will eventually come to a stop.  this insanity will not go on forever.  We will remain patient and reap the rewards of sound money.

  4. Avatar of Sumkid Sumkid says:
    September 12, 2012 at 10:12 PM

    They can’t keep using the bailouts option. Inflation will destroy the Euro since there will more and more people over time who will be looking for alternative ways to save their purchasing powers which are with gold and silver. The more they do bailouts, the more investors will go away since it’ll cause inflation.

  5. Avatar of MaryB MaryB says:
    September 12, 2012 at 11:30 PM

    All these bailouts are doing is stalling the inevitable crash and making that crash worse. Look how much the derivatives market has grown in the last 4 years. Every “fix” makes it that much worse when the crash happens.

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