What's it worth to them anyway?

It seems like the absolutely ridiculously persistent focus by France and Germany at maintaining stability of the EU with bailouts, handouts and standouts for their weaker union members has gotten to an absolute extreme. Well, what do you say to someone when they try REALLY, REALLY hard to convince you of a story or their pitch? You immediately question their motivations and following that their integrity. To be frank, German and French leaders have sold their countries down the river and they have had serious ulterior motivations for doing so. You don’t see the UK thrashing around with ridiculous statements like those that came out of the Merkosy, I mean Merkle and Sarkosy meeting today.

See for yourself:

• SARKOZY CITES COMPLETE AGREEMENT WITH GERMANY REACHED
• FRANCE, GERMANY SEEK TO PREVENT REPEAT OF CURRENT CRISIS
• FRANCE, GERMANY WANT `NEW TREATY' FOR EU
• AUTOMATIC PENALTIES BACKED FOR BUDGET VIOLATORS, SARKOZY SAYS
• SARKOZY SAYS PREFERENCE IS FOR TREATY AMONG 27 EU COUNTRIES
• EUROPEAN MONETARY FUND BACKED
• EURO BONDS ARE `IN NO CASE' A CRISIS SOLUTION, SARKOZY SAYS

What total rubbish. Sarkosy and Merkel are saying the same exact things they have said for the last few years with very minor adjustments like the “new treaty” bit. All their rhetoric has amounted to a total catastrophe. Why should’nt it again this time?

So, lets focus on why these guys are so damned persistent at trying to get something, anything - even just a single thing moving that represents the perception of progress to the outside world. Well, its because their banks, financials and governments have gorged themselves on every last concept of the leveraged financial engineering. They gorged on all the products and the result now is that Germany and France have been hiding for years some of the most insolvent banks in the global financial system. What is going on here is that these people are willing to do anything to try to prevent their manipulations and the results from seeing the light of day. Its like a little kid who tries to tell you one story after the next to distract you from going into bathroom to see that he flooded the joint. The more stories the child has to tell you. The more he tries to delay or distract the worse the situation will likely be that you discover when you get past the obfuscation.

Certainly these guys would prefer to be focusing on something better than trying to cover up their disastrous misdeeds and miscalculations? Certainly there are far better things to invest resources in domestically than desperately throwing good money after bad? Think nothing of that, the system as it currently works focuses on dysfunction and moreover, rewards it.

The whole scheme behind the EU was to dramatically expand the banking system and government. The reality is that all countries that joined were looking to expand their banking enterprises - of course they were simply following the lead of their mentors…Germany and France.

Germany’s banks are a disaster…France’s are even more of a disaster. Both countries preyed on the opportunities to use modern financial engineering and theory to pursue maximum money amplification…by targeting the emerging EU members and expanding their banking tentacles all over the EU. We can now see the results emerging. Only no one is really seeing just how bad the situation is within the financial systems in France and Germany. That will change soon…and we will be shortly finding out just how flooded the joint is…its likely to be a doosey.