Archiv der Kategorie: Allgemein

This time is NOT different

Do yourself a favour and buy or try to get your hand on „This time is different“. It is as if this book was written for this crime we currently have to watch.

If you just believe a second what the supposed-to-be-experts write. Just forget it, especially forget nearly everything Krugman writes. No too much debt is
always the beginning of the end. And this was trues always and can not be changed. You just can live beyond your means as long as people trust that
you’ll be able to pay back.

This trust has to be earned. But if you always act against horse sense, you’ll see one day you won’t get any credit any longer. Now it seems that too many countries faces this fate.
Greece does not get any more money, and Italy is starting to get no more money. And the US can’t do anythign any longer because of 15 trillions of debt.

You may remember:http://mises.org/Community/blogs/fdominicus/archive/2011/09/08/who-could-be-suprised.aspx. It’s so foreseeable

Foreseeable wrong. Nothing has changed since ages the rulers enslave their underlings. Today they name it democracy, but democracy is just another kind of dictatorship. The majority rules the minorities. And guess what the vermin are the majority. You can name, them bureaucrats are the most harmful, but then you will also read from the poor blind which can not do this or that or whatever. It’s always that it’s not ones own fault, no the culprits are always the circumstances or the others.

In every speech these days you will hear things like responsibility, helping, solidarity, and not to forget justice. Well the justice of spongers…..

The real justice markets are not even considered any more. All the laws and every action is against markets. Free trade? Come one you must be joking. See the treaties of trade of the US. The bureaucrats, decide whom can do what trade with whom else. And you have to ask the spongers, and if they do not want. Well bad for you….

Distasteful

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100013198/america-and-china-must-crush-germany-into-submission/

What a bastard. Oh, yes let’s start again to cry: “Heil”.

It’s wrong on every level. It’s wrong on the economic level. Money printing can not heal a problem caused by too much money printing. And on the moral level it means, it does not matter what a country thinks is best for itself but what is “ideal” for the old masters of the world US and the coming new master China.

It’s wrong on the level of any freedom it’s a fascists dream. Crushing the “Untermensch”.

Es ist einem nicht vergönnt

Auf folgenden Eintrag kritisch zu kommentieren.
http://wirtschaftlichefreiheit.de/wordpress/?p=7522

Ich zitiere einfach nur mal einen Teil:
„Ich sehe sieben solcher Vertrauensanker: Erstens gilt es ein konsistentes Sanierungs- und Reformprogramm umzusetzen, das bereits die akute Problemlösung mit institutionellen Reformen der Euro-Währungsunion kombiniert und nicht letztere in die Zukunft verschiebt. Ein zweiter Anker besteht in der Schaffung von Transparenz der Voraussetzungen, Inhalte und Konsequenzen. Drittens ist die Fairness des Programms zu nennen, es darf keine strukturellen Verlierer geben, die nun die Konstruktions- und Managementfehler der Währungsunion zu tragen haben, z.B. die Steuerzahler einzelner Unionsstaaten. „

So geht es immer weiter. Es ist eine Ansammlung von Worthülsen. Insgesamt ergbit der bla bla meter für diesen Eintrag:
hr Text: 9777 Zeichen, 1225 Wörter
Bullshit-Index :0.68
Sie müssen PR-Profi, Politiker, Unternehmensberater oder Universitätsprofessor sein! Sollten Sie eine echte Botschaft transportieren wollen, so erscheint es fraglich, ob diese Ihre Leser auch erreicht.

Selten habe ich dort Schlechteres gelesen, nur es als schlecht bezeichnen wird nicht freigeschaltet.

Machen Sie sich bitte selber ein Bild.

Kleine Erweiterung. Zu der Dame fand ich nach einer kurzen Googlesuche:
http://blog.handelsblatt.com/rhetorik-blog/2010/12/04/schreiender-kalter-truthahn/#more-3596

Let’s think a little bit

Well maybe thinking is a litttle to much maybe speculate would be the better word.

As you may have read, Euro land is in as deep trouble as the US. It’s an open question who really is the worse, but well that’s another story.

Now we have read a lot of ideas about saving. One of the ideas of saving was a tighter „cooperation“, well it probably is a asked quite much to synchonise 27 different countries, but welll that’s another story again.

But now something changed the ideas slightly. At first Greece is finished. Well just remember the vote then the note vote etc. Anyway Greece just stands for around 350 billions of debt. If you look over Euroland this really is not much. Anyway with the default of Greece bonds french banks will get in knee deep trouble. So far there’s nothing new.

But here we go. The interest Italy has to offer are exploding. We are now well beyond 7%. That means a doubling of your debt in „just“ 10 years. Or the other way round with 7% interest and 1.8 trillions of debt (official!!), Italy has to pay interest of 1.8 trillions in 10 years (with 7% interet). No that are as much as 180 biillions a year the budget of italy is well below that of Germany that are around 300 billions. So let’s assume 250 billions. You can see 180 billions are way too much. So saying that Italy is bankrupt also could be seen as fact.

Now as you know ESFS III should be leveareged to over 1 trillions guranteees (which seems to be illusory) just see my entry on my old mises blog at: http://mises.org/Community/blogs/fdominicus/archive/2011/11/09/extension-to.aspx

So with high likliness this all can not be expected to work. Now the „new“ idea is to split up the euro zone into a core zone and a „rest“ And now comes the information I found most „revealing“. This is driven by France and Germany. Now we know France and Germany have seen itself as „engines“ of the eu process. but guess what the french banks have a hell of outstanding bonds from Italy of around 270 billions!. Now the budget of France surely is in that areas. So if italyy defaults France is „finished“ also. They can not bear another 270 billions alons. If you see that with the work on the core europe one can come on some ideas….

Extension to

my blog entry a few days ago, about the sustainability of the ESFS.

  • Fact 1) the „auctions“ were bad. And the ESFS has to offer much more interest then Germany bonds alone (guess how many would „back“ up this bonds)
  • Fact 2) neither the Chinese nor the Japanes, nor the Russion are willing to buy ESFS bonds
  • Fact 3) hardly and private held bank „invests“ in this bonds also the only ones taking some of the bonds will probably be government controlled banks.
  • Just imagine the last auction was just over 3 billions now how will they get the leverage on 1 trillion?

    I’m not afraid but sure, that ESFS III can be judged a big failure. Well for liberals and libertarians this can’t be a suprise, but even for normal people this is good news. It means there
    is some natural limit on the manipulations of markets and this supports my other entry:
    http://mises.org/Community/blogs/fdominicus/archive/2011/10/21/in-the-long-run-markets-will-prevail.aspx

    I’m still as sure that we did not have seen the end of the interventions. The deldefs world-wide will try to find another way of prolonging their „dicatorship“ and I’m sure everyone will have
    to suffer under this decisions. But in the end they will end on the dungheap of history. A new round will start but then I’m afraid again. The spongers will come back. And the honest again will suffer.
    Freedom is just a seven letter word for them, they have absolutely no bonds with it….

    Was ändert ein Rücktritt?

    Egal wie man zu Berlusconi steht, was ändert sich am desaströsen Zustand von Italien? Gehen mit Berlusconi die Schulden? Nein, also was soll diese Rücktreterei wenn doch wieder nur ein andere Sozialist an die Macht kommt? Ändert sich Italien zu einer liberalen Republick? Wohl kaum. Verschwindet der Euro? Wohl kaum. Welche Sachen werden die neuen „Führer angehen, etwas Schuldntilgung? Wohl kaum.

    Also hilft der Rücktritt irgendwie? Wohl kaum

    A good guess I guess

    I wrote it 3 years ago about the billions Paulson requsted.

    The original is at: http://fdominicus.blogspot.com/2008/09/im-afraid-itll-be-not-enough.html

    I just cite it here (just in case anyone tells one could not know)

    If one sees how much in debt each US citizen is, people must be aware that 700 MRD will be simple not enough. We’ve to see also how much worth houses are if loans busted. The price is that high as people are willing to sell it for. if building a house has costed let’s say 100 000 then that was it’s worth one build. Howerver the money for it is gone, and now the debt can not be paid. So you have to write down this price to whatever you find acceptable. The difference to 100 000 is a loss. Now this isn’t a big thing if that happens a few times, but if it happens on mass, then nothing can stop this avalanche crumbeling down. Impossible in theoretical and practical means. If you look at the figures of Fay and Fred Mac you’ll see the loans exceed 5 Billions.(Trillion in US speack) 700 Mrd are a bit above 10% of that value. Howerver let us try to estimate how much worth the houses are. Let us assume that at least a bit money was “ones” own. So let’s say 20 % that’s around 1 Billion. So the housing are “worth” let’s day roughl 6 Billions. (I know it’s too low but let’s just take it for some calculations) This was the prices the lend the money for. let’s assume that 2 Billion were spend on the mortgages in the last 6 years. During that time the prices have risen by 85 per cent. Let’s calculate the value that money has had 7 years ago with an inflation rate of 3 % we have
    2 / 1.03^7 = 1,62 Billions, we must also take into account that hardly anyone will buy for that prices so let’s assume a discount at around 30 % then we have 2,11 billions for the costs of the debt for the houses of this large failures. This alone is 3 time as much as the asked 700 Mrd.

    And guess what that just covers a fraction of the real loans. So I’d argue with a quite high probability the 700 Mrd will be just the tip of the icebrg. You have to see that the greedy manages have put everything to put out risk on different areas. So we can be 100% sure that the mess us magnitudes larger than implied by this incredible 700 Mrd $. Now say something about throwing good money after bad money.

    I just can hope I’ve made some error in my calculations, otherwise the devastating “news ” is : “Game over”.

    The only “signs” that is may be a bit less worse is that, the bad credits were spread all over the world. So in fact everyone having invested in this kind of stuff, really is “busted”. Don’t expect to see much from that money back. It’s time to prepare for even worse times…

    Forget my last entry

    It seems the vote is not held. This is interesting in two ways. At first it would be a democratic thing, that it is not held show that the deledefs do not want too loose anything they may get. Now anyway there will be some vote for a new Parliament, but I’m wondering what anyone else can do. The debts are there and have to be paid. If every party stick to this they do not have a choice. Well the only choice they have is how to “pay” back. Socialists can not reason in an economic way and it seems most of the Greek (which could and had have enough) have moved their money out of the country. This money is not accessible to the socialists they can not tax it (or if they try, the money will not be show again officially, I guess most of the money brought above will be “unofficial” anyway). Now they have big unions and so the way to more free markets will be a very tough one. They can not go along as before, because nobody is willing to pay for their granted benefits anymore.

    So no party but a true liberal party has any clue about solving the Greek debt problem. And you know a true liberal party does not exist world-wide. So they are stuck with their socialists of any colour. I can not see how any of the parties in Greek will be able to handle that and so we’ll see a lot of manouvering. The base for them will be: How do we get the EU money without too much work on our side.

    Anyway if they will not make it in the forseeable future. the other EU “partner” will have to send down money there over and over and over again. In Germany we have this clearing between countries. And in the German history just one has gone from taker to giving. (That was Bayern if anyone is interested), the other countries like Bremen, Hamburg, Berlin and surrounding just burn money one year after the other and they tell us they can not to differently. That is what Greek will be a country depending on support, they will take this route because it’s more appealing to spongers. And Greek has a lot of them….

    So we see everything turned out to be bad for those having to support such countries. But that’s the race to the bottom. It’s not honorouble to make it by oneself no the deledefs of all countries will try to get as much from others and the others will be their excuse also.”Well we could not do anything about it it comes from …”

    Yes the spongers work hard to make their life most comfortable while harming every one else. That’s their “reason” for living…..

    Gut das ich nicht dabei bin

    http://pjmedia.com/zombie/2011/10/31/the-99-official-list-of-ows/

    Alle Gemeinheiten von Sozialisten und Faschisten. Das sollen also die „Retter“ sein? Jedem dem da nicht übel wird, muß wirklich ein hartgesottener Realitätsverleugner sein…

    Wie mich diese List abstößt kann ich gar nicht mehr schreiben. Verbrechersyndikate würde ziemlich gut passen….

    Why now and not a year or so ago?

    Well I’m just puzzling why Greece does this vote about the EU help now and now a year or so ago. The reasons for doing it were the same a year ago. And in fact it could have made a difference. So I’m under the impression that the problems were underestimated a year ago. It feels as if the leaders just played on time with their old same dirty tricks. Not telling the truth directly but just so much one can not hide.

    After this year and a hundred billions more, the truth is even dearer. I wrote here some months ago Greece is bankrupt. And by any means it was bankrupt a year ago.

    So I think it’s the right way but to the wrong time. I’m under the impression, the greek politicians now can not deny the trouble they have caused any longer and are not looking for “relaxation”. In a way it feels as if they want to lighten the burden and blame it on the “heartless” other partners. Yes it feels to some extend as being black-mailing. And I think Papandreou had to inform the other EU politicians about this before he initiated this vote.

    Anyway let them decide, and we’ll see what we have than…

    What was won with ESFS III?

    Well I’d like to write. „With ESFS III“ we are now on our way to correct things.

    Unfortunatly one can not write anything about that. It’s not that we started making less debt, au contraire. It is tried again to fix something caused by debts to cure with more debts
    The voluntary „cut“ of the banks of around 50% is absolutly open. I very depends what positions the banks take. If they think they can gain more by a open default of Greece, then they will follow that path. Anyway the problem is every bank will have to decide for themselves.

    Because of the CDS we don’t know how bad it would hit the banks. Maybe they are on the side of getting th assurances. Than the problem will be of their counterparts. I just know if anything would come from any government I would be very skeptical about any advantages supposed to hold for me.

    Just remember last year the governments actively asked the banks to „invest“ in Greek bonds. Well if you’ve done that you’d have to bear quite a loss now. There won’t be any advantage.
    And see that the bonds of states were treated as if they do not have any risk. And so they are treates nearly as equity. Not it turns out they are everything but risk free. And now the states require higher equity to back up their bonds. So you can see, the states do everything they can to get more under their control.

    If you give into the sirene songs, you are in deep trouble. So I just can recommend the same as for ages. Do not hold any bonds of states or you will be sorry sooner than later.

    leverage <> leverage

    Now you may be suprises leverage under different circumstances do have a different meaning.

    Meaning if used by politicians: „more fire power“, hardly „more“ risk, telling markets stories of drunkeness and cruelty sorry, sedation. It’s just for the „bigger“ good. Just well the base for this leverage still is money they do not have in the second case this is named differently, here it is named saving the taxes of the population.

    Meaning if used by not politicians, greed, high risk if done with money on does not have speculating on credit. Ah yes Lehmann was gone because of leverage but you see leverage is not leverage every where.

    In short the politicians use what the doom in the private economy. To be true, I guess we have to go back far in time to find a similiar decision day in parliament. Last time it ended in WW II.

    Deledefs is just to kind to this kind of men…..

    Vielleicht einer meiner letzten Blog Einträge zur

    fast demokratischen Partei. Der Gegenentwurf zu Schäffler könnte dieses Geblubber sein:
    http://www.liberale.de/Pressemitteilungen/2980c202/index.html?id=16246

    Das blablaMeter meint dazu:

    Bullshit-Index :0.45
    Ihr Text riecht schon deutlich nach heißer Luft – Sie wollen hier wohl offensichtlich etwas verkaufen oder jemanden tief beeindrucken. Für wissenschaftliche Arbeiten wäre dies aber noch ein akzeptabler Wert (leider).

    The lybian catastrophe

    Before that all I wrote:

    http://mises.org/Community/blogs/fdominicus/archive/2011/08/31/the-chances-and-risk-for-lybia.aspx

    Now Lybia will get even less than even the French. Scharia as “base” or right. So in fact Lybia wants to exchange one kind of dictatorship with another one. And this time we “must” help the “poor” Lybians. Well not with my agreement. If they think Scharia is a good base for civil rights they should keep it to themselves.

    I do not want to get even near a country with such “laws”

    I really wished that people would surprise me in a positive way. But no one dictator killed another one waiting behind the next corner. What a fucking stupid business.

    If anyone says one could not know

    I looked through my outer Mises Blog and found this:

    Spare the money now, spend it later

    The Failout plan can not expected to work with an acceptable certainty. In fact I’d bet 1:10 it’ll fail.
    But if you throw out the money now , you have nothing else if this failout plan fails. It’s high time to prepare for a recession phase. The prices for home equity will fall, maybe crumble. At least down a third IMHO. That will distroy a few Trillions of value, this fall can not be held with 700 Billions.
    So keep the money, now and see how to spend it one something which will work with higher probability. Building of houses will dry out, however the US infrastructure needs some overhaul.

    You have to face the fact that Oil is sparse, and you have to face the fact that Water is sparse also in many regions. In the forseeable future California and especially Las Vegas will suffer under water shortage. You’ve to come back an invest in your own country in the producing industries. The cars are build sloppy, the houses often also, this sloppyness will cost you dearly.

    You can not help, but the chinese have over a trillion US-$ to spend, you must be prepared that they will buy cheaply if not now than just a bit later. Use the money for an “american” solution. Tha means give the people the means to help themselves. That means “fair paid” jobs, “fair prices”, you need as every developed country craftmanns which can build, repair and maintain the ideas engineers invent. So spend money wisely on education for your children and grown-ups also.

    It’s not worth hanging to just one plan, (which in fact is none). Search for alternatives, discuss them and then make an educated choice. Currently you give yourself none but one choice and that’s exactly as useful as none plan at all. If in doubt, do nothing, that’s at least an alternative….

    Another sentence for „I’m stupid“

    I wonder really what this „occupy wall street“ guys want to tell me. Don’t the be ashamed of what they do?.

    Who has made the bailout-packages?

    Who has mad the laws under which banks have to work?

    Who is printing money as there will be no tomorrow.

    Who has trillions of debts all-over-the-world?

    It’s everyones right to say I’m a stupid one, but hey I’m in the majority. And so even if I’m stupid I can not be wrong.

    I wish them all the poverty they deserve. We’ll see what happens if market will be strangled to death. I bet they will go unofficial while visiting black (oh suprise) markets just to survive… I really wish them all the worse they’re wishing for.

    Does not make sense

    At least I can not see it. Yes indeed the stock have gained quite a lot the last few days. Still the problems are unsolved and well it does not look as if they would be solved in a sensible way. It’s the old story, “Print more money and find more lenders”. We’ll think another 8 billions in Greece, and it seems politicians talk about trillions for “saving banks” (again). Still the money is not there and credit is the only “available” currency. And if you look at it the divers Players try to get rid of any new credits as fast as possible.

    To the time of money as value this was inflation. And so we are not just inflating and inflating and inflating. How could that make sense if your problem is too much debt. What good can it be to inflate the credit sums over and over and over again?

    No it does not make sense, and sooner or later it will show. Every day we are going on with this makes the bust harder…. That’s a logic just destroyers can love…

    Hoffentlich ein Nein

    http://www.n24.de/news/newsitem_7330254.html

    Ich bin für ein Nein. Ohne wenn und aber was hier läuft ist ein aus hebeln aller Prinzipien einer Marktwirtschaft und das Bundesverfassungsgericht darf sich durchaus schämen hier nicht gegengehalten zu haben. Ich bin wie geschrieben nicht wirklich überrascht, wie es gelaufen ist nur muß ich es nicht für „richtig“ halten. Ich wünsche den Richtern einmal wirklich unter die Räder zu kommen, dann sehen Sie vielleicht ein paar Dinge anders. Aber Staatsdiener sind es auch und damit nun ja irgendwie mit den Delebets unter einer Decke.

    „Interesting“ move

    Well I guess you have heard about Greece before. If you are wise 😉 and reading this blog and/or the older one you know that I’ve made my own calculations on the sparse information one could gather. In fact the financial situation of Greece is very diffuse, but now that you know Greece still must have some Millions left:

    http://www.defencegreece.com/index.php/2011/10/the-u-s-approved-to-grant-400-m1a1-abrams-to-greece/

    If we assume one tank is around 1 Mio €. Well the Greece will not have to pay that they maybe even will get them for „free“. Well if you’ve read the Books of Heinlein you know „There ain’t such thing as a free lunch“. And so the Greece will „just“ have to bear „maintenance costs“, „fuel cost (this tanks are not that „thirsty“ „just“ 10l /km) and it’s fuel the Greece Army has not used up till know (according to http://www.griechenland-blog.gr/2011/usa-bieten-griechenland-400-kampfpanzer-m1a1-abrams-an/5788/) And what did some Trojan says. I do not believe the Danaer even if the give us gifts.

    So in the end it will cost them dearly. One could imaging that because of Putins „move“ for a panrussion Federation the Amercians would like to have well equipped „buffers“ down there. Anyway as you might know also Greece and Turkey are not „that big“ friends. And imagine what’ll happen if Greece will break down (you do not believe that could happen) Well think of Argentina, it broke down and suddenly the middle classes where „gone“. So don’t say it can’t happen. It had happened it happens (currently all European deledefs but one or so) are doing anything to make us European more poverish.

    And the Americans among you (at least I hope a few are there) , know what it means to live in over-debted countries. And well you middle class is also diminishing. Because neither in the US nor in the EUR zone there is something like market. The bureaucrats and deledefs make the rules and you have to obey at a point of a gun. And well because it is better that the money is in the hand of government (because of it’s great justice) they have to take it away from you..

    So the moves should make you think. Why would one support other governments with more and more deadly weapons. Look at Syria, look at Lybia and you may have you answer. It could mean martial law! And if the military is at the top of government, you know war is nearly inevitable. You also know that human rights do not count much in the US any more. There still is Guantanamo there still is Abu Ghreic, there still is torture and well there is „killing“ in the name of „freedom“. What freedom is „dictatorship“. So draw your own conclusion. I’m worried and it’s getting worse day-by-day.

    Legal, Illegal, Verfassungsbruch, Sch.egal

    Nun hat ein Gericht entschieden:
    http://www.ftd.de/unternehmen/industrie/:baden-wuerttembergs-versorger-gruen-rot-behaelt-en-bw-trotz-verfassungsbruchs/60112802.html

    Dieser Blog merkte an:
    http://fdominicus.blogspot.com/2010/12/gestern-war-einiges-los.html
    und
    http://fdominicus.blogspot.com/2011/02/dicht-genial.html

    Inzwischen wurden von den 4.7 Mrd fast ein Viertel „versenkt“. Nun ja SPD und Grüne scherrt es „natürlich“ nicht. Warum auch sind Sie doch für die europäische Internationale. Sozial, ökologisch, undemokratisch und ungerecht.

    Zeigt mal wieder mit Grün hat man wirklich Komplementär gefärbte Sozialisten der Schlimmsten Sorte. Gute Nacht Deutschland

    Costs for saving banks

    Well it seems it’s time for a new round of bank savings (this time we do start here in € land, but don’t laugh you get your share in US-$ land also) . Well you may think. „Not again“ well I can understand that, just it’s not the first time and it’ll not be the last time with the regulations about banking, fiat-money. All this would not be problem if not all banks were unable to stand bank runs.

    You read that correctlly no bank is able to pay out all the sight deposits. You ask how could that be. Well it could be because the banks do lend out that money. In the „sure“ assurance that not all will take away their money at once. Well in every other enterprise this would be named what it is deception.

    Well anyway you know that all our currencies are just that a big deceiption. Having money as debt is the base of all the following ugliness. Anyway government and banking system are „brothers-in-unlaw“. They back each other in this big Defraud. And well you have nearly no choice. You can not even pay cash everywhere any longer and in fact the governments want you to pay everything via banks. Because then there will be paper trail. And well it’s possible to follow such.

    So governnments and banks are imposters, and they help each other where they can and the prey are we. If you do not believe me well so be it. I suggest nevertheless to read „This time is different“ and you’ll see how this unsound systems re-establish themselves over and over again.

    And now to the headline of this entry. The costs. Each round of „saving“ banks adds another whopping 87% to the exiting debt. Now for Germany this means. We have currently 80 % debt/GDP ratio so after the next round we’ll have 149,6%. So well the debt/GDB of Greece is around 160% and you can bet this will be the last level with that current debts.

    If you see the stocks soar. Think about it for just a second, then take a deep breath and then „sell off“. (Or don’t it’s your decision) . Now we will have to recapitalize not just the banks but states. And look around you see there is nearly no debt-free state out there. Draw your own conclusions.

    Wem WBGU etwas sagt

    Darf hier mal eine astreine Zurückweisung lesen:

    http://fazjob.net/ratgeber_und_service/beruf_und_chance/umwelttechnik/?em_cnt=120030&em_cnt_page=1

    Ich für meinen Teil kann nur sagen, etwas weniger wissenschaftliches als dies habe ich in der Literatur noch niemals gefunden. Aber lesen Sie es selber und dann noch diese Zurückweisung…

    Auf Nimmerwiedersehen

    Die USA sind nicht mehr Triple-A und es wird nicht mehr lange dauern und auch Deutschland und Frankreich werden nicht mehr „erstklassig“ sein. Nun das wir eigentlich schon abgestiegen sind ist ein „offenes“ Geheimnis. Jeder weiß es, außer die Delebets Und weil die Dummheit und Dreistigkeit dieser Gruppe keine Grenzen kennt wird weiter heftig Schulden gemacht.

    Glaubt hier wirklich irgendjemand der Zins bleibt auf ewig bei 1.7 %. Hier sieht man einen der größten Diebstähle des staatlich manipulierten Geldmonopols offensichtlich, für jeden sichtbar und doch rennen alle und wollen noch etwas vom Pleitekandidaten Deutschland haben.

    Nicht nur die Dummheit der Delebets hat keine Grenzen. Offensichtlich hatte Einstein recht mit seiner Endlichkeit des Alls (auch wenn wie erst vor kurzem wissen, das es keine finale Kontraktion geben wird) und der Unendlichen Dummheit der Menschen. Ich schlage vor Sie halten es mit Heinlein.

    TANSTAAFL

    Nichts was der Mensch braucht ist „frei“. Und da es universal gilt, kann man an den höchsten Schuldenbergen sehen, die es jemals weltweit gab. Schulden spielen keine Rolle? Sie werden sehen es spielt DIE Rolle.

    Was hat Erhardt gesagt?

    Ein fiktives Interview:
    http://www.handelsblatt.com/politik/international/frechheit-und-dummheit-sind-immer-gepaart/4681716.html?p4681716=all

    Leider haben wir kein Erhardts mehr sondern nur noch Merkelovs, Genosse Rössler und Propagandaminister Schäuble. Tja Sie haben ja noch dieses Blog und niemand kann behaupten es hätte nicht wenigestens einer gewarnt. Und wenn es ein Randblog in diesem weiten Internet ist. Und das von einem „Normalo“ und nicht einem Schwergewicht wie Erhardt 😉

    Wer sich noch „weiter“ bilden möchte. Ich kann Ihnen dazu die Bücher von Rothbard aber auch von Baader empfehlen auch „Schwergewichte“ aber eben niemals wirklich dorthin, wo man Sie hätte gebrauchen können. Offenbar ein Schicksal was Liberale mit Cassandra gemeint haben. Immer wurde von dieser Seite gewarnt und bis auf einen kurzen Augenblick in der deutschen Geschichte niemals gehört oder gar „gehandelt“

    Schauen Sie sich die diversen Mahnungen zu „Konkunkturprogrammen“ an. Denken Sie an die „Weisheit“ eines Schmidts „Lieber 5% Inflation als 5% Arbeitslosigkeit“. Nun ja 5% diese Marke haben wir lange lange hinter uns gelassen. Auf die 5% marschieren wir gerade darauf zu und das Danke der tätigen Mithilfe der „ach-so-unabhängigen“ EZB. Die Liberalen haben Recht aber Recht haben und Recht bekommen ist derzeit nahezu unmöglich.

    Doubled entry from the new Mises blog:

    Wel I guess it will get worse, It seems quite a lot a still reading here and so I guess I have to post here also:
    Here we go

    Peace the Obama way:

    Once upon a time (well this time frame is around a week or so) . Obama decided, well there is this afghanian preacher there, he’s an American, but still I’m under the impression that he is a terrorist. Would you be so kind to do anything about that?

    Military not slow with killing. Just sends out a killing machine killed that man.

    And there is Peace the Obama way.

    Leseempfehlung

    Dieses Buch bekommt man wohl nicht mehr frisch (ist aber auch immerhin von 1985) aber extrem lesenswert auch wenn man sich die ganzen Aktionen um den EUR anschaut. Also meine Empfehlung: Werfen Sie einen Blick in „Die letzten Tage von Amerika“.