It’s time to pay tribute to the single person most responsible for the amazing Brexit outcome: German Chancellor Angela Merkel.
Without Merkel’s stunning idiocies and stubbornness
- In welcoming refugees with open arms
- In making a deal with Turkey behind the backs of other EU leaders
- In refusing to admit she was wrong on the refugee crisis
this outcome would not have been possible.
Watershed Moment
Merkel calls Brexit a ‘Watershed for Europe’
I call it a rare victory of common sense over political stupidity.
Nonetheless, I give credit where credit is due. Thank you chancellor for making this moment possible.
She should resign now to get her head on straight.
Mike “Mish” Shedlock
Dear Mish,
your coverage of this issue is excellent. I particularly enjoyed your comment re. Deutsche Bank. I am off to the pub in the Brexit voting heartlands of Cheshire to celebrate,
Regs
Matt
You should drink a round in honor of Cameron for putting the Referendum on the ballot for a vote, Matt. Another round to Cameron for honoring the will of the people, unlike the case in Greece. And another round to Cameron for resigning and passing the torch to a true Brexit believer to handle the transition/exit. Yet another round to yourselves for shedding the shackles of being an EU Colony and returning the UK to self-rule (independence should not be just for India, Africa and the rest of the Commonwealth). Perhaps another round to Merkel and the EU nannycrats for not easing up on their madness, because as Mish points out this put Brexit over the top. Now if we can only get the USA out of the clutches of the Neo-Cons and War Party.
Amazing response! I’ll be keeping an EYE on you! Good work!
Maybe she can lead the new EU Superstate that Sarkozy proclaimed. Oh, but no Turks.
Trump is in the midst of it in Scotland, opening his new golf course…. and taking in the historical breath of fresh air. I’m getting a future picture of Hillary Merkel with her head on the chopping block.
Hillary and Angela could pass as sisters on sooo many levels.
No, she should not resign. She need to double down and force the Utopian Dream down everyone’s throats of those who remain in the EU. Those who allowed her to get this far need to experience the full effects of her dreams. she is an elected official. She represents the will of the German majority. They deserve Turkey in the EU and the Eurozone, God willing. Go Angela. Chase the dream.
She was critical by playing “follow the leader” on this whole Ukraine disaster which blew up the entire commodity market…in addition to Russia, Brazil, China, etc.
Great Britain appears to have “been exited” more than anything.
Seriously….people need to understand the term SUBORDINATED DEBT because when you have a market crash just as Europe and Japan just have had you’re going to see TRILLIONS in new debt that will need to be issued…and somebody will have to buy that debt…and it’s not going to be Priceline.com.
The consequences of subordinated debt are too far off to comprehend. Right now, financial engineering from central banks is the gorilla glue that holds the system together. The Eurozone is a masterful can kicker. They can, have, and will continue to tell lenders to piss off for a long time to come. Lending to cover the interest and principal due, while making it look like a sovereign rescue is their expertise. Printing money and monetizing debt to keep rates low is their livelihood. Eventually it will all crash but 1) They’ll be gone when it happens and 2) People today are sheep and stupid beyond comprehension when it comes to letting others handle their money.
You ***NEED*** to issue trillions in subordinated debt?
What a load of horse sh!t. Before the mental patients took over, when there was a market crash, excess capacity was sold at a sherriff’s auction and put out of its misery.
Issuing fraudulent debt to prop up failed companies is not necessary. Its stupid. And stop calling it debt: we all know none of these neo-keynesians has the will or the means to pay any of it back
Stop the insanity. No more issuing debt in your children’s name. You f@#’d up. Stop crying, take responsibility like a man and stop making the world even worse off
50 million slaves just walked off the plantation. “Let my people go”. – Nigel Farage.
How much time will it take German citizens need to learn to sing Yankee Doddle?
Now the UK just needs to stuff them back in the Chunnel and seal their end.
Lovely, absolutely lovely.
If Fräulein Merkel would have stopped a moment from putting her head between Erdogan’s, Obama’s and Hillary’s legs, she might have see this comming.
You have it backwards All worship government as the cure. Merkel is the power behind the EU throne. Brussels has the authority and the presence. . Merkel calls the shots. Today, she took a cucumber in the bad place.
Yes absolutely right. However, it is not just her for the points you listed but that “Kremlin” and the “politburo” in Brussels full of nameless, unelected and unanswerable Eurocrats in the European Commission.
Not to mention the worsening economic state of the EUSSR with negative interest rates. At least the UK doesn’t have that.
After Brexit? Party time!!
The British millennials have had their future stolen by a bunch of greedy boomers who got theirs, they can”t move to 31 countries and get to know the people there and it’s so unfair!!!!
Whining time again
In her defense she was just doing what her bosses (Bilderbergers) wanted her to do.
Brexit is the beginning of the end of the Zioglobalist paradigm and the disintegration of its chief pillar of support, unrepayable, non-self-liquidating debt.
RARELY in my life have I witness a major defeat for the New World Order (NWO). I think I could count them on one hand. This, however, has provided an astounding sense of a change in direction… may this be a major beginning of the defeat of the NWO!!!!! For my children and for the Citizens of the U.S.A.!!!
However, don’t think for a minute that the NWO “boys” have given in or given up! They pass the NWO goal from generation to generation and the “boys” don’t care about the cost. They simply have a goal to control the world. We must fight harder and harder!!
Diebold senses an opportunity.
I’m sensing that a new climatological cataclysm will be announced next week and that by the following week it will be revealed that the only way to stop it is for Britain to remain in the EU.
They have been beating that old worn out drum for thirty five years. They used to call it CAGW, but when those predictions failed to manifest any global increase in droughts, floods, hurricanes, tornadoes or sea level rise, they simply called it climate change, and blamed every weather event on your SUV, spending trillions on useless windmills and solar panels, while the biosphere greened and additional CO2 feeds plus one billion people with no increase in land or water required.
Now, there is a prayer that the CAGW dog can no longer hunt.
Thank you, Herr Merkel!
heh heh
Looks like the buy at the open crowd got their hand caught in the cookie jar.
Instead of an easy payday, had to make a decision to close out at a loss or hold thru the weekend.
I laughed til tears appeared when I read this…thanks mich
Well done Mike – great commentary on Brexit.
If global bankers had not printed so much food inflation, there never would have been food riots across the Mid East. No refugee crisis.
Congratulations UK!
In the future you can decide the curvature of your agurk´s !
And the lightbulbs you want to use! And the “security/hefty risks features” of your heavy trucks.
Cheers from your neighbor north!
Angela Merkel is the Marie Antoinette of European politics
“let them eat cake”
Refugees—-let them all in was her “Marie Antoinette moment
Merkel has been a disaster; Mish is absolutely right as usual! Time for that cow to resign.
Not defending Merkel at all, but I don’t see the merit in blaming her alone…
The whole club of mental patients in Brussels is to blame. Cameron, Merkel, Hollande, Draghi, Juncker, Sarkozy, Rajoy, ….
What started off as a free trade zone was hijacked by greedy selfish bureaucrats who fantasized they had a mandate to central plan the entire world. The fascists in Brussels even tried to collect taxes on fuel emissions for planes flying over Asia — monarchs like Louis XVI had more humility (relatively) than Eurocrats.
Good riddance to all of them.
There is one group of people who helped the Brexit who have not been acknowledged. The Brits who are fed up with excessive immigration in their area, not able to get a GP, or a school place for their kids, and lying politicians. This group decided to give them a kicking, and it worked.
When a herd are blind, they may run for miles without stumbling, but sooner or later they will run into the abyss… and fall.
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Pat Condell on the reasons why many Brits voted for Brexit:
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for years i’ve called her The Janitor Bitch, on account of her outstanding intelligence lol. she is a true representative of German middle class. the country she leads has deserved her