Arsonists Torch Berlin Porsches, BMWs on Economic Woe

Feb. 27 (Bloomberg) — When Berlin resident Simone Klostermann returned from vacation and couldn’t find her Mercedes SLK, she thought it had been towed. Police told her the 35,000- euro ($45,000) car had been torched.

“They’d squirted something flammable into the car’s engine block in the gap between the windshield and the hood,” said Klostermann. “The engine was completely destroyed.”

While youths in Athens protest by throwing Molotov cocktails, in Paris by toppling barricades, and in Budapest by hurling eggs at politicians, protesters in Berlin rage at their economic plight by targeting the most expensive cars — symbols of German wealth and power.

If you have not downloaded and read Robert Prechter’s “How To Survive Deflation” you probably should. Prechter has been spot on about the ugliness that was coming with the economic crisis he forecast several years ago. It’s free and way more valuable than anything you’ll see on CNBC.

Source: Bloomberg

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