Archiv für den Monat: Februar 2012

What is your “inflation”

Well as we all have learned from our deledefs. There is no inflation. So well yes, that’s what they told and tell us. The FED still is printing money like mad but that’s not inflation that’s QE.
Anyway have you checked your personal inflation rate? What were your findings?

We’ve q big taboo zone here. The government does not even try to calculate a inflation rate. They even manipulate the data and differentiate between core inflation and other inflation. Guess what
food and fuel is not included in the core inflation. They have their reasons for that, because taking that into account would raise the inflation considerably. And you know it can’t be what should not be. So you do not have inflation. In other words, they lie at you again with a straight face, and giving you the impression of being a mad men. Well fact is they are liars and cowards. One does not know what’s worse but they really
want to tell you: “You are stupid and we have everything under control” The have not.

Fact is the manipulation of inflation rates and unemployment rates have nothing to do with reality any more. It’s data which they think they can give us without us freaking out. But in the end it’s just another big lie on their dung heap of lies. Again I ask you why do you still believe them and are still voting for them? Can’t you stand the truth or are happy to be lied at? I just suggest you keep book of your expenses for a two years and then you can see how much they lie to you. Maybe it’s time to concentrate of the constitution, there gold and money are used interchangeable. That’s the right thing, that you get your deledefs away with their fiat-money is your biggest mistake. Don’t you think it’s time to leave this mistake behind?

The only way to get rid of those liars is not vote for them but anyone else. I propose you look after a liberal one. With record of it’s liberalism. And do not forget. He/she should support “end the fed”. Without sound money you will not have the slightest chance of recovery. It just means some take from your without any service in return. Don’t believe them they give back, it’s just another lie.

Griechenland mal wieder

Tja ihr unheiligen Fiat-Geld-Gläubigen. Läuft nicht wirklich rund im Südosten oder? Tja zu viel Kredit mit noch mehr Kredit bekämpfen ist wie eine Überschwemmung mit Wasser ungeschehen zu machen. Sinnvollerweise läßt man es. Aber nun ja auch Ihr werdet wohl  noch lernen, wer über seine Verhältnisse lebt ist früher oder später Pleite.

Wer wieder besseres Wissen,  jedesmal dengleichen Fehler macht, der ist nicht beharrlich sondern einfach nur dumm. Und sehr geehrter Herr Abgeordnete, wenn mich der erste dumm nennte, könnte man das als Ausrutscher betrachten. Wenn einen jeder für dumm hält, ist man es vielleicht wirklich.

Also Ihr glaubt mit weiteren 130 Mrd. Griechenland zu retten? Nun wieso ist es nicht zumindest mit den 100 Mrd des letzten Jahres etwas besser geworden? Weil Griechenland damals schon pleite war und es geblieben ist? Wer von Euch hat den tolle Geschäfte mit den Anleihen gemacht? Keiner? Habt Ihr uns das nicht letztes Jahr hoch und heilig versprochen? Solltet Ihr tatsächlich gar nicht dumm sein sondern nur Lügner?

Ich gönne Euch richtig miese Tage.

A small question to the US voters

sorry guys, but why are you voting for those with the deepest pockets and biggest lies?

The last vote campaign of Obama has cost > 1 billion. So why are you still voting for them after you’ve learned vote after vote that they kid you? Why are you know cheering such loosers as Romney, Chim.whatever?
What has come after all the promises?

Was government cut? Did you get less laws and some freedom back? They tell you they will, lower the taxes, give work (how ? , does Uncle Sam needs some extra cannon fodder) or are you just speculating to get paid by government? Did they even start to stop subsidizing the banks? When was the last time you got an bail-out (which can not work because the Uncles Sam has not money at all for that). Have they ever done anything to keep the value of your currency? So be honest, are you too stupid to recognize you are tricked over and over again? Or is it your wish to just live on anyone else’s expenses? Or are you not able to see where credit addiction will lead to?

So why are you again working for Obama, or Romney ? Have you really gained so much through Obama that you can live as robber? Is this what you want using force against others to get their money?

Do you feel beeing treated unfair? Well guess what most were treated unfair by government every day. Was it you who had to pay or got paid? Well AFAIKT your congressmen still are getting paid. Do you realize that it’s your money they burn day in/out. Do you know your father,mother, sister, brother etc are dying for them? How does it feel to know you lost someone because your politics though it a good idea to go to war? Do you know how many were killed in the name of democracy. Doesn’t it hurt?

Why are you still choosing slavery over freedom? Is is that great to be a slave?

So tell me what drives you still to choose for Obama and his biggest contenders? Masochism?

To all the bank critics

Well banks are guilty of many things, but they are not the reason for the debts of states and it’s their right to expect that bonds they bought will get served.

Anyway banks in the current form a nothing more than fud machines. At first banks lend out money they do not own. That’s what happens if they lend out demand deposits that is defraud.
This money is guaranteed to be available for the account owner. If you lend it out not all the owners can get this money at any time. This is a crime

Bonds from states are treated as beeing without risk. So it does not matter if you have dollar and/or bonds from states. This can’t be. No bonds is without risk and the risk especially from government bonds are not neglectible the threat the survival of banks. Anyway it’s would be good risk managment to be careful even with bonds. It seems banks are just starting to realize the problems. But banks do not have the biggest problems with it. That are retirement fonds etc which are “enforced” to invest in “excellent” debt. Now if anyone here things bonds of any state to be an “excellent” risk well then I guess you have not even started readin von MIses.

As you have seen in the EU zone I thin 1. x trillion were offered to banks for 1 % or so in 5 years. Now the banks have taken this and you can see they are fueling the stock markets with it. So the central banks have kept the interest on a level well beyond anything realistic. This means that banks were relieved to find new money. They just were “given” it for free. In fact with 1 % interest and 3 % of inflation the ECB has handed out 0.02 * 1 000 000 000 000 = 20 000 000 000 for nothing. That is the EZB finances the the banks with 20 billions. This is robbery. And it shows the last actions of the current fiat-money system. Banks do participate and again it’s not the customers they are working for it’s for the governments. That sucks.

Anyway this does not change the fact that government have issued bonds banks have bought them and insist on repayment. Anyway what anyone should do is

a) write to your congressman and ask him what he’s going to do for keeping your moneys value

b) do not buy any bonds of any state anytime again. There are and for ever will be alternatives. Buy bonds of corporations. Buy shares, by land, by whatever but do not buy any bonds from states.

c) get rid of your depenceny of banks. Yes I know you can’t really but what you can do is

  • get rid of your debt. If you keep it you will be in the hands of banks and you won’t get a few trillions to help you out
  • move your money outside your country. Yes I know the pastures are not greener elsewhere, but if the break down starts to set in and you are
    bound to one country, then you are bound to the disposal of your deledefs. (don’t count they will think of you while saving their skin)
  • Currently you still can by precious metals without any problems. Don’t count it will stay that way but if some gold is kept in a safe in your country or in another
    does not make a difference for you (it’s yours) but it makes it impossible for the deledefs to get to it if it’s another country. It’s unlikely that all the countries will start
    to expropriate you. So search for countries with extreme high standards for property rights , and open an account there (it will be a bank you can bet ;-(

All the best you can hope for is if you fight against the fiat-money systems. They are though by bureaucrats and politicians for all to good reasons. It’s the first time that you do not even have to degrade the coins. No you just add a few zeroes at the end. It’s the perfect system of exploitation. Just see that Utah as agreed to reintroduce gold-$. Insist on them everywhere.

Time for a book?

Dear readers it seems I have to suggest some literature for you.

Check out the following books: “Bailout nation”, “Credit Card Nation” and “Human Action”.

In 1998 there was a nation-wide negative saving rate at work. And you know that was also the time of the Internet bubble. Now in this extra 13 years nothing has changed. The debt has again more than doubled and it’s still raising. You can not have wealth without saving. You can not get rich on Credit. So fact is with debts everywhere the end can not be avoided. Kredit expansion is according to von MIses, incurable either one stop is or the currency will break. And if a currency breaks, poverty is the new “middle” class… Now with forgetting to save things the middle class is starting to go down. I propose you check the diverse countries in the US and you will see where people save there will be much less suffering.

The US has overstretched their limits and in fact it’s the biggest burner of money with it’s military machine. Military machine is just good for one thing destruction. And So the military will take it’s part in distruction of the US. And Obama has nothing done to prevent this. I remind you of my critical entries here about Obama and in fact it’s getting even worse. See e.g. http://mises.org/Community/blogs/fdominicus/archive/2011/11/20/now-keep-your-breath.aspx. Really the US is gone, it’s just a death corpse walking. But sooner or later it will crush and this will be the start of another civil war. Now around 150 years after the last , we come back to it. It’s devastating. I propose to start thinking about leaving the US. You may escape the war. But maybe not. The debt race still is open all over the world. …..

Gauck ist es geworden

Nun ja ich schrieb ja. “Ob etwas Besseres kommt muß man  abwarten” Und die Antwort ist: “Nein”.  Wir hätten einen Marktwirtschaftler gebraucht und bekamen einen irgendwie leidlich dem Sozialismus Entkommenen.

Wer glaubt Gauck werde einen  ESM nicht unterschreiben?  Wer glaubt diese Bundespräsident steht für Markt? Nach Seinem dafürhalten ist  soziale Marktwirtschaft das Gelbe vom Ei. Dazu äußerte sich Blog-Kollege Jan heute so: http://blog.jan-filter.de/2012/02/20/das-dilemma-des-dritten-weges/

Soziale Marktwirtschaft erweist sich immer mehr als Sozialismus, man kann es jeden Tag auch an den Tankstellen sehen (mehr als 70% an Steuern hat mit Markt wieviel zu tun?) Was sagt Gauck über die untragbare Schuldenlast?

Wir haben einen Unterzeichnungsaugust gesucht und gefunden.

Somit wird es weiter bergab gehen.

Irgendwann wird dieses System zusammenbrechen. In Griechenland ist es jetzt der Fall. Aber keine Sorge, ihr Griechen, wir folgen Euch in den Untergang. Politik stinkt.

Fed Money at work

What a suprise a new bubble is growing.

According to a German Magazine the prices for land are soaring. Within just a few years a hectare has seen an increase in price from 5000 USD to 30000 USD. That’s a raise or 600 % and you can bet
this is the next bubble. Fueled and fired by the ever expanding credits (called money from the FED). It all happens because of new laws and the mania to subsidy “renewable” energy. But of course the base for that
all is the zero or below zero interest politic from the FED. In short money printing at work. The Fed sucks

The other big driver is the granting of patent privileges, enforced by the all so loving state. States suck.

The magazine write about the vanishing middle class. What a surprise if you take from the middle to pay the top, they surely will not get richer. Anyway the middle classes believed also in “easy” money, while using credit for buying houses. Too much credit and now what has happened this bubble has busted. And now they are in trouble, what a surprise. It’s not alone the fault of the authorities (but they have made it so easy to get credits) but also the believing that this could be sustainable. Sorry vanishing middle class you suck also. You’ve build on credit and you get what you deserved. Not needing credit is the way to go for the middle class. Especially not using credit to pay consumption. Sorry guys, credit sucks very badly.

If you trust on credit you trust on hot air. Only real savings yield wealth. That’s the all and ever true way.

30 Mio mehr aber

Die LBBW ist  eine der Landesbanken die sich verspekulierten. Die Rettung diese staatseigenen Bank erfolgte durch Gelder vom Staat. So weit so gewohnt. Im Zuge der Beihilfe muß diese Bank sich auf Ihre Kerngeschäfte beschränken und nun wird es “interessant”.

Der Käufer bot 30 Mio mehr als der nächte Bieter mit kommunaler Beteiligung. Außerdem sollen 25 Mio jährlich in die Wohnungen investiert werden. Aber nun ja das ist ganz schlecht. Denn was könnte/wird passieren? Die Mieten steigen und das geht  ja  mal gar nicht.

Mietervereine sind das ganz eigennützig. Sie wollen das Ihre Mieter so wenig wie möglich bezahlen (legitim) aber dafür soll der Staat sorgen (Liebe Mietervereine, das macht er schon mehr als 50 Jahre). Eine freie Preisfindung für Miete findet nicht statt. Es gibt Gesetze über die maximale Höhe (Mietspiegel) und Steigerungen. Und ja die Baugelände werden auch von Städten und Gemeinden ausgewiesen (sich irgendwo ein Grundstück kaufen und bauen?  geht ebenfalls schon mal gar nicht) Inzwischen dürfte ein m² in der Erstellung mehr als 1500 € kosten und für eine 5% Bruttorendite müssten 7,5 € “drin” sein. Aber das geht nun mal schon gar nicht zum dritten.

Kurzum die Versorgungsmentalität (Recht auf “bezahlbaren” Wohnraum) zeigt sich mal wieder in ihrer ganzen Niedertracht….

Der Staat bestimmt das Angebot an Bauland, der Staat bestimmt den maximalen Mietpreis, der Staat bestimmt wann es Wucher wird, der Staat bestimmt das xy% der Energie für ein  Haus aus “erneuerbaren” Energien bereit gestellt wird, der Staat bestimmt die Wärmedämmung, der Staat bestimmt die Grundabgaben und quasi-staatliche Unternehmungen bestimmen den Preis für Müll, Wasser und viele weitere Kosten und der Staat muß die “armen” Mieter vor den bösen Vermietern schützen.

Bei all diesen Nichtmarktentscheidungen ist es klar, daß der Bau von Wohnungen nicht gerade hoch in der Liste der profitablen Investitionen steht und nun ja in vielen Städten liest man dann wieder vom Mieterverein über “mangelnden” Wohnraum. Tja liebe Mietervereine lernt zumindest mal die Basics über Wirtschaften, dann könnte Euch ein Licht aufgehen.

The “joy” of parties

Dear Readers I like to tell you a story about FUD.

As you could read in my last entry. Greece is still finished but the deledefs do not admit that. That are not real news. But now it’s get interesting. According to
some blogs in Germany 40 members were excluded from the left party and the right party because they did not agree to the “saving” plan.

There are somewhat below 300 member in it. So just imagine well beyond 10 % were excluded because they did not accept a stupid and guaranteed to fail plan.
Now aren’t party great?

In fact they suck to badly that one just can day fubar. Parties are the most repressive system one can encounter and having such prominent roles as they have is
again fubar. So we are ruled by a fubar system, with fubar money. That’s a few too many things one can not even dream of to repair. In the end the end is clear.
The “systems” will break down. That means violence and yes most of the time war.

Greece again

Well if you look through this blog you always could read warnings. Just one example http://mises.org/Community/blogs/fdominicus/archive/2010/02/22/f-b-ailouts.aspx

But let’s see at the Situation without malice. For austrian economics the problems in Greece are crystal clear. What we see is the end of a boom introduces by manipulated interest rates.
Yes and it’s one hallmark of why the help from EU can not work. The greek politicians have took every cent they could get from the EC. That’s what keeping ones house means in politics. All the
expenses for things were not driven by need and sound money. But driven by the way it works in politics. You must throw out the money, otherwise you will get less next year.

Well in normal economics activities it does not work that way. You invest while you a) see some need for your services and b) you want happy customers… However you do invest usually much more careful. You do know exactly if the customers will not buy your stuff you are finished. So you alway try to get you needs in sync with the things you can offer. There is not automatic payment it’s the customer who decides. Now let’s see how this is not done in political economics. If you ever have visited Greece you know this land is beautiful but harsh. Many live in very small villages, and quite a lot of them are on islands. So transportation is a problem. Anyway if Greece is strong on one area it’s in seafaring. And indeed even many of the Italy ships are manned by Greeks. But now the trouble starts it does not make (unfrortunatly) much sense to build big streets over the islands. But this is what happened with money from the EU. That’s bad. There was money burned, because the ways can not be used economically. They are too big, but now they are there and the trouble starts. They were oversized and therrefor overprizes, and it needs much more even to just maintain them as one could answer for. And it does not help in anyway. The jounger still have left and just the elderly are living there. So who will use the streets in the future?

This are the catastrophies triggered by subsedies. Yes agreed there must be some kind of boom in infrastructure building and maybe even housing. But Greece just has somewhat around 11 million inhabitants. So you can not build an infrastructure suitable for 30 or more millions and hope this can be sustainable. It’s impossible. Another problem in Greece is the corruption and way to large bureacracies. Again countries which more than 5 as many inhabitants do not spend that much mone yon their diverse ministries. (I read somewhere Greece has 49 of them !!!) and politicians, and it seems they are even higher paid than in many other countries with much larger population. Corruption and too large government are a clear sign mark of destruction.

So what can we hope for for the Greek? Well we just can hope they get rid of their functionaries. They must put harsh punishments on corruption (and or just take the responsibiity aware from the bureaucrats), and they needs sound money. I’m afraid this latter will not happen and there for if Greece should leave the Euro the normal population will suffer severly under extreme inflation. This will destabilize the country even more. So I’m afraid the Greece just are at the beginning of the end. And it will (unfortunatly) get much worse. As one can read the decline starts to accelerate. Hundreds and thousands of businesses are driven out of business. How could one expect from less working to have more “money”.

IMHO Greece has spiraled out of control and any “imagination” of control can be burried. No one in Greece will be able to regain it any time soon. The bureaucrats and delebets do not even see it. Of they see it and won’t. But reality strikes and it will strike the harder the longer the wrong ways are followed. Von Mises has put it:
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”

Greece was at the edge 2 years ago. I’m afraid they are beyond it now. So yes you can see exemplarily what happens to unsustainable systems driven by unsound money and too big governments. Will Greece be a warning ot the other countries? I’m afraid the answer is no, And therefor the end of Greece is just the sad beginning….