Archiv der Kategorie: Allgemein

Another 12 billions on their way

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The highest court in Germany will start „thinking“ about the lawsuits tomorrows. This were initiated a year ago before the first money was transferred. Just imagine you know a defrauder, he is caught and one year „nothing“ happens. That’s the situation of the „greece helpers“. It’s illegal, it’s against the no-bailout clause. and guess what nobody cares.
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In fact Germany violates the treaties for the Eu convergence critera. Just hat anyone can remember. 1) not more than 60% debt of the GDP, b) not more than 3% new deficits a year. Nearly no-one fullfilles this things and what happens? Exactly nothing. Greece is beyond 150% new debt of the GDP and probably that’s the most after Japane which over 200% debt /GDP.
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Just imagine you will among the richest men in Germany with 12 Billions. Probably among the top ten earner. And at the top of this earners Aldi stands. And they exist for now 50 years. So the worth of 50 years of work and service to the people gone today. For scammers. And still the same responsible for the scam are in charge in Greece. Everything they have done was lying and stealing but giving them more money is without alternative?
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suprise suprise

I wrote about the debt race. And how the US and EU battle hard to win this break down.

Now with endless greedy greek Politicians according to „yet another not working fu…. plan“ (yanwfp). The EU throw out new well once good money which one can not tell really good any more.
But who cares that it’s illegal who cares that it’s against the own given laws. And still the inevitable will not be unstopped.

Now in the US one state will have to close:
http://www.msnbc.msn.com/id/43596944/ns/us_news/t/minn-government-shuts-down-budget-talks-fail/

As usual no party is guilty of it. And still they all have agreed upon piling up debts. So in fact none of them is guilty ALONE. They all are guilty. And still they do not have to go to jail. (because of harming everyone lvining in Minessota) no they still are in charge and I guess they will get paid as soon as they re-open their state.

I can not tell any more how fed up I’m of this criminals…. Why the hell have the US the largest prisons and still such thugs as „elits“?

The things one sees and the things one does not see.

An exemplary example:
http://blogs.ajc.com/jay-bookman-blog/2011/06/17/gas-farm-labor-crisis-playing-out-as-planned/

Indeed you may say. The poor farm workers. The are exploited so bad farmer. Now the food gets wasted now if that happens all over the US what would you think will happen.
Exactly the prices for food will explode. So let’s assume there were 30 000 „illegal“ workers. This term alone is „indicative“ Who decides that. Ah yes the government. And still more and more illegals are still working. It seems the exploitation is not that harsh as one might expect.

Now where have this „illegals“ gone“. I bet not 10 % of them have gone back to whereever they had come. I bet the leaved Georgia and worked elswhere. The probability that they have to work for even less money than in Georgia are not neglectable. And so instead of 60000 less exploited illegals, they even get more exploited.

The things one sees vs the things one does not see….
Someone somehow always pays the bills…

Was Greece saved?

The Greek Parliament has agreed and will get another few billions.

Has this changed the fundamental problem? Well let us assume the Greeks really will be able to sell of a few „assets“. How often are you able to do that? Exactly one time.
Now if still the income is not sufficient without this sellings, what will happen then? Now if the Greek have a deficit of more than 10 % in their budget and the selling just bring in this 10%, what
have they won then?

Next years they have the same amount of debt. They have not paid principal they just have used the money for the runnings costs. Well lthe stuff is sold and what now?

Let us assume they do nothing else to make the gap between expenses and income smaller. Then in fact they are worse of next year. They have lost „assets“ which potentially can be profitable. But this „profits“ are „gone“.

No it’s playing on time. One hopes that in year or so everything will be better. But how will that be done. How many new production lines can one open in a year. And what should they produce? They have not find a way of producing enough for the last 10 years but next year everything will be „solved“?

What you see is what happens if government takes it all. Too many bureaucrats to less productive workers. The result is obvious and still do they start changing that? Well it seems unemployment is on the raise. And now guess what government can not extend the expenditures and if you’d produce in Greece and Greece may default. What will happen to your products. Assume they will get buyed mostly in Greek and the people are unemployed and government also can not afford anything. What are your chances then?

Now without a really reduction of the debt and without budget surplus they have no chance. As I wrote just the payments last year and this year are probably twice as much as every Greek earns a year. So the debt will probably raise up to 180 – 220 % of the GDP and Greek is not known of being a big exporting country. Indeed they earn their money more or less with tourism….

Here are the economic figures of Greek according to http://www.querschuesse.de/griechenlands-industrieproduktion-im-marz-2011-mit-8-zum-vorjahr/ the production has gone down around 8% !!!
the output is down to a level from 15 or so years ago !! the producing part on the BIP in Greece is as low as 9,17%, the overall BIP is something around 320 billions, 10 % of it are 32 billions. Their debt is somewhere in the 400 billion region. Just with 5% interest they would have to pay 20 billions on interest. Fact is the interest they have to offer on the markets are somewhere above 20 % !!!
The import/export budget is 4/2. That means the Greek have to import much more than they could produce. I have not found any figures about the capital in/outflows. But I bet those Greek having something have brought their money abroad. And so tell me whose going to invest then?

A sound rescue looks a bit different to me….

Really bad news

Mrs Lagard will follow Strauss Kahn.

http://mises.org/Community/blogs/fdominicus/archive/2011/05/23/thanks-but-not-to-mrs-lagarde.aspx

Oh well now we have another potential defrauder and definitive a centralist at the top if the IMF. Now I bet Greece will get some more money, even if
the IMF has guide lines which would forbid that.

Now we have new centralists and monetary policy believers in the ECB and the IMF. That’s so sorry fucking bad, that I could just cry

So we’ll see new establishemnts of lendors of las resort, stuffed with tons of „new debt“. No state has some money left to pay for it without new credits. So the money avalanche will get bigger and bigger.
I just kindly remind you of: http://mises.org/Community/blogs/fdominicus/archive/2011/02/03/my-predictions.aspx

It gets more and more nightmarish….

If there is one common thing in the works of the politicians

in the EU and USA it’s the ever expanding raise in laws against freedom and limiting liability.

As you can read also here:
http://mises.org/Community/blogs/tokyotom/default.aspx

But know there is a new negative record in the making of the ESM (European Stability Mechanism) . Unfortunatly despite search for an english version I just found an inofficial German translation.
In short: A new agency, with immunity of all in the governments boards without any democratic legitimation. As soon as I find the english version of it I’ll post it here.

Let’s get over it.

For year now the establishement tries to save themselves while taking every tax paying cititzen as hostage.

I started my other blog some 3 or so years ago and added the Mises Blog last year. I just cite myself from my outer Mises Blog
http://fdominicus.blogspot.com/2008/09/its-not-plan-at-all.html

or a bit earlier:
http://fdominicus.blogspot.com/2008/09/capitalism.html

I may bore you to death with it, but I think it still is needed that there always was and is another way. If you just have but one plan you have at least two choices. Follow the plan or DO NOTHING.
If you are at the edge of a cliff and see the other side you can try to make one extra step. Or you can just stay, and think.

After a while of thinking you may see that it would be a bad idea to make the step and drop a few hundred meters. You won’t get on the other side while falling to death. So than you think a little longer and you could think of another way of getting to the other side. And you may start looking for bridge or the like. If you find one other „solution“ you probably find some other solutions.

Now let’s come back to the state of affairs. If the politicians had stopped three years ago and thought. They might have realized the debt are too high and it won’t help to pile them up even higher. This never has happens with the majoritiy of hte politicians and so they became deledefs. Now everything else is a follow-up to this. And still the economic reality (the abyss) is real. I don’t know of the Deledefs have make the next stupid step. But even if, men will survive. Especially those having lived within their bounds.

You still may declare yourself independent of the stupidness of the deledefs….

For us all the declaration of independence would be sound money, while breaking the money monopoly of any government. Sound money means if you have money you still will be able to exchange that against goods you need. Unsound money may just be stuff to play with for children. So help to fight the central banks and fiat-money, and let’s the deledefs do the last stupid step alone…

Project u3

Es gibt in Deutschland eine Partei die mit F anfäng und mit P aufhört. Nach neueseten Erkenntnissen steht eine Umbenennung kurz bevor. Um der Wichtigkeit diese Projekts Schlagkraft zu geben wird diese Partei in (F)ast (D)rei (P)rozent umbenannt.

Neueste Projekte dieser Partei:
Einer nicht näher zu benennenden Person  wurde der Doktortitel  aberkannt macht aber nichts dafür wird man in der Politik: in die Forschungskommission aufgenommen.

Ein andere Politiker der mit Ch anfängt und Bürokraten nach Griechenland schicken  wollte um dort aufzuräumen hat dieses Aufräumen offenbar bei sich selber nicht nötig.  Der Betrüger ist nicht schuld.

Wir glauben diese „Personen“ arbeiten speziell am U3 Projekt mit, dafür besten dank für den Fisch.

Die Arroganz der Politiker I

Es geht weiter, es ist sicherlich unklar was für den Atomausstieg beachtet werden muß. Es sieht so aus als ob ein „unwesentlicher“ Bestandteil davon womöglich die Verletzung der Eigentumsrechte sind. Arrogant wie Politiker nun mal sind wird das einfach als „Quatsch“ vom Tisch gefegt (was ja fast schon normal ist) richtig übel wird es erst wenn ein Bundesumweltminister die Firmen „warnt“ vor Gericht zu gehen.

Mir wäre nicht bekannt, dass die Jurisdiktion der Exekutive untergeordnet wäre und soweit mir bekannt gilt immer noch Gewaltenteilung. Allein dafür verdiente Röttgen den Rauswurf und/oder ein massives Gerichtsurteil gegen den Staat.

Gut das Röttgen nicht zu entscheiden hat, was er als Klage akzeptiert. Und wieder einmal scheren sich die Politiker keinen Deut um Recht und Gesetz. Auch ein Röttgen steht  nicht über dem Grundgesetz, das sollte dieser „Umweltheld“  nicht vergessen.

At leat some good news

English banks reduce their exposer to EU risks:
http://www.telegraph.co.uk/finance/financialcrisis/8584442/UK-banks-abandon-eurozone-over-Greek-default-fears.html

1:100 that Merkel and Sarkozy will name them speculates. Or traitors or such

Greeks history is near record breaking for defaulting. Just read „This time is different“ and you’ll see I’m taking this out of the blue.

Much more interesting is that defaulting seems to correlate very nicely with corruption. For this beeing able to read German check:
http://www.tu-chemnitz.de/wirtschaft/bwl4/interessantes/Korruption_Artikel.pdf

Togehter with this time is different you’ll see the probabiltiy of Greek defaulting is very high and because of the sell of of bonds one can see, all but the deledefs think a default is inevitable.

Some will never get it

There are at least two of them here in Euro land. Named Merkel and Sarkozy

Why do I write that? Well they want to keep Greece floating with anohter staging 120 billion bill fo all the europeans. Well they did not tell us they will give this money out at once, but in the end
we’ll have given the Greek something around 200 – 400 billions.

That you got an idea on how much that really is. There are roughly 500 millions living in Europe. (According to Wikipedia) so now let’c caluclate with 300 billions new debt

we have 300 000 000 000 / 500 000 000 = 600 €/each. So for a family of four nearly 2500 €. This money will have to be „spend“ in roughly 3 years. So this makes every year for 800 extra payments for paying principal (you know the
other EU countries simply do not have any reserves they just can „pay“ this help with another round of debts)

Now how many Greeks are there? 10.688.058 according to: http://www.geographixx.de/einwohner/infos.asp?land=Griechenland

Now three hundred billions of debt are per inhabitant: 300000000000/10500000 = 28571 €.
Surely more than what each inhabitant earns a year.

Everyone but the deledefs can see that this is not bearable. And so things will come as they have to Greece will default. No surprise at all but for the deledefs. And
two of the most stupid are deciding that sinking that much money will „help“. This is so ridicoulous stupid that it’s beyond any understanding.

Some really got it

There’s a saying in Germany „Gut Ding will Weile haben“ it seems the english counterpart is „haste makes waste“

At least a few probably have risen their head to see the light. They now tell us: „There’s no Euro crisis“ (which is true because) „we have a debt crisis“ which surely is true. Just leave aside the fact that
our money in the end is debt. So all our money is part of a really debt problem. Money should not be debt but value is the way to go in the shortest possible run. But indeed the Euro is not responsible for
careleless debt piling. Nobody in Greece was forced to accept debts and more debt and even more debts.

So let’s see debt not as the „money debt“ but the debt of bonds etc. The bankrupt of Greece would not make the Euro suddenly worthless. Just the debt of the bonds would be „gone“ (well more or less) So quite a few billions of debt would „vanish“. (Agreed they do not vanish into nothing, but Greece would see the result. If it ever will come back for asking fresh money in form of new bonds. People would surely require a premium. Despite anything this would be a good thing. If you know you have to bear quite a lot of intereste you’ll be cautious to improve your ranking and you will not pile up debts that fast. Unfortunatly this is not a „never ending story“, but that’s another „party“.

Now to see this debt problem and not make it worth with even more debt would be prudent policy. But as we now prudent and policy do not have anything in common but the first letter. Now with the inprudent policy of giving away 110 billion !! a year ago. The imprudence has make it a lot worth. Instead of let’s say 600 billions debts Greece now has 700 billions debt. And guess what it does not have lighten their burden in fact the landing will get harder. And do not add another unwise step the politicians should face it with a straight face. Greece is bankrupt now let’s see that we get over it without civil war. The way always is the same. The debitiors must bear the bill. If some of them will broke over it, then we must let them go also. I guess this later implications is what the deledefs fear more than anything else. So they probably will not „face“ it but prolongate the suffering….

Vormerken

Endlich nach fast einem Jahr kommen die Klagen gegen diverse Rettungsschirme zur Verhandlung. Es dauert aber mindestens noch bis zum 5.Juli 2011. Dennoch unbedingt vormerken. Die Urteile in diesem Fall werden zeigen was aus unserem Rechtsstaat wurde oder werden wird.

Requirements to be a Deledef (real word for Politicians)?

Really I’m wondering. Is it a requirement for being a Politician to fight markets as much as one possible can (and loose always in the long run?)

Can anyone tell me what were the results of the first failout plans for banks? Are they in a better shape? Have they repaid their debt?

What was the result of cash-for-clunker?

What have we gained with expanding government jobs beyond any reason?

Really I can not remember one decision the last few years which were not against markets and the irresistible forces. They try and try and pile up debt after debt and still it’s getting worth every second.

Do we really have to destroy any wealth there is? To start „afresh“?

Can one be happy about the death of a man/woman/idea?

Well if you think happy is much to strong. How about being relieved?

Was the day of the death of Alexander the Great, Caeasar, Hitler, Stalin, Lening or you name it a „happy“ day? Well I guess it very depends. If you had been supressed or conquered you surely was happy that days. But all in all, you did not know what would come next. Still if the infrastructure of slaughter still was in place (and even aver HItlers death the ward did go on for 4 months. And theses months were terrible for „the normal soldier“. If you’d not been killed by the „enemies“ you would end in front of firing squad.

If you did not catch the right timing you were shooten by some own fanatics in the name of the „Endsieg“.

Now can one be happy about the death of Osama. I guess with some assurance at least some were happy that day. But still does it have meant the end of Al Quaida? Surely not. So one devil is gone (which probably is seen as a saint from others) but still Osama happily and readily wanted to kill Americans whereever he could. So anyway I guess many were if not happy quite relieved.

Now if one can be relieved about whom’s death one could be relieved these days? If we see the damage done by fiat-money and central banks. I’d to admit I would kind of be relieved of seeing this entities die. Agreed that are not men directly (because even if E.g Obama or Merkel would be gone, the infrastructure of suppression and misery are still in place. So we would not really win a grain of freedom. Anyway I would be happy to see the complete idea of fiat-money and central banks die. However the days of this fiat-money round are counted. Every new credit for „saving“ whatever is just digging a little bit deeper….

So yes I would be happy about the death of central banks and fiat-money. And I would not be happy or relieved but it would be a kind of satisfaction if the current deledefs would have to go…..

Reading suggestion II

Do yourself a favor and run to the next library and buy or borrow. „The case for Gold“. You can see how nice big government and big money play together to harm
everyone else. You can see the history of the Greenback is a history of fraude, lies, broken promises. There was but one time where the „right“ thing was done.

You ask what the „right“ thing is? Well I guess then you don’t have read anything every written here 😉 The right thing it abolishing the central banks and fiat-money. Nothing will
be a better base for a sustainable way of living. Every other approach is deemed to fall, because as Heinlein has pointes it out in „the moon is a harsh mistress“ Tanstaafl“.

You can see the failure in nearly every law. Politicians decide without any consideration of the associated costs. Oh indeed they always argue that it will get cheaper. But as sure as hell does not freeze over, if government intevenes it’s getting much more expensive. I suggest you just check how much money is spend in and on government activities. You can check nearly every country (all but those which have nearly gone broke) and you see the vermins are everywhere. You think you will win that race? Forget it, you will get deluded.

Just see what happens to production. Production is reglemented. Masses of bureaucrats decide what one is allowed to produce. You see the way is alway to some monopolies of the states. The biggest monopoly (with the highest harm factor) if of course the debt system (one can not talk any longer of the monetary system) . The system is the debt producing machine, and it issues money in ever increasing quantities. But again there will be pay days. And the more debt there will be the harder the impact will get. There is no way that this system can survive. It’s from ground up unsustainable. So if the foundation is wrong, everything else will crumble. The only „solution“ is to prepare a well foundation. Then you can build skyscrapers and they still will „persist“.

So end the central banks and the worthless paper debt system. In this there is but no choice. Wealth never can come from debt, even if you see a ranking of billionaires, you always have to bear in mind. It’s not the have this wealth in greenbacks. They always have something of value….

Money as value vs money as debt

I’d planned to write a long post about it but guess what I found:
http://mercuryreliance.wordpress.com/2011/04/12/money-is-debt-and-gold-is-money-supreme-court-of-canada-says-so-in-a-ruling/

The reading in the link is „legalenglish“ so be warned.

So anything I’d like to say is said. Our current money is nothing but debt, it is not value. If you tender money against something of value, this is the „value“. Now imagine a world or money as value. the money would have some inscript like.
The holder has the right to get 4 pigs for this note. Then money is value not debt. it would not make a difference for the payer to either give something else but 4 pigs or the 4 pigs. But in our system if you want to „get“ something for a bank note, you just will get „another“ bank note. So you see there is nothing behind the money.

Now wher’s the sham? The sham is that the central banks issue this promise. And they can and accept bonds of states/governments as „security“ to issue more „notes“. Now we have an instrument of unlimited generation of „debt“ (well they (the deeldefs) call it money)) but you see it’s a straight lie. The states issues bonds which can (and unfortunatly are accepted as security) and new notes of debt are issued. So government issues bonds for 100 ME, Fed accepts and issues another 100 ME „money“ and so debts are paid with „debs“.

You still do not see the sham? Well let’s go further, This debt has to be accepted at straight value form everyone living in that country. And so you give something of value (e.g a house) and get a debt certificate in advance. Now imagine a world in which money is value. So let’s assume money can be redeemed in precious metals. E.g 1 g of Gold is 1 ME. So if you house costs 1000 ME you can get a kilogram of gold instead. But this is a real value. No money can created which is not redeemable in gold. And so one could ask government to pay back bonds in Gold. And government can just pay Gold it has. It can not issue a bond and the Gold suddenly come into existence. This is what currently is not done.

The state can issue as much money (as debt) as it likes. If they would not have the „money“ straight. The way would be, issue a bond, have it bought by the Central bank and „voila“ money is there.

It’s clear what money defrauders prefer. And so they do in every country of this world. The promise money but in fact this money is debt. It just says „trust us we give you something in return for your values“. That’s the biggest sham in the whole history of men. There’s not bigger crime than issuing money as debt as make this debt a legal payment. It always will end in tears and misery. Because there is not limit to inflate money supply. But the governments are the first getting this „more“ money and they get „real“ values in return. The one givin away this „real“ value, suddenly will see. Well the promise does not hold, just wait a yeare and most of the time you won’t get back the same value as you had given a year before.
This inflation of the money supply, devaluates each unit of the currency and you can buy less „real“ goods than before. This is than the „saying“ of raising prices. Well no the prices of the goods do not change. If I give you a tomato today and you promise to give back a tomato next year. Then we are talking about value against value. Now with fiat-money and unlimited inflation of the money suppl y(potentially, but sure if the end is near). I would receive let’s say 1 MU for the the tomato.
Now next year I have to give you a tomato. With an inflated money supply and assuming that everything else stays equal. I have to pay for the tomato in a year 1 Mu + what is needed to balance the devaluated money units.

So the only „honest“ way is having money as value. Notes must bear a note which simply states. This note will give xy grams of (whatever).

I’d just like to see money as value, but for those who think the promises of governments are sound can use there money as debt. Why we do not get that option is probably all too obvious…..

Interesting days

Yesterday it was a interesting day at the stock exchange in Germany. Up 1.7 or so %. That’s quite a mark. However it was fuels by the „hope“ or „certainty“ that there will be new payments for Greece.
So that is interesting. Although it’s getting more and more obvious that Greece will default. The hope there is still, that „more“ money will help. We can see this superstition is undying. So we climb up the cliffs
a little higher. And we seem to think it doesn ot matter how deep the fall. One will survive. Sure even after the Euro people will live and it’s to be expected that the deledefs will live off the fat of the land.

The result will be more and more will get poor. Hardly anyone will be saved. We currently live like if there is no tomorrow, and probably for many there won’t be one. But still some of us have children and they may see it
a bit different. But currently we do have party. And read my last blogs where I ask what are the signs? The signs for the „ending“ of this biggest bubble/bust circle ever since around 90 years. Americas unemployment rate is nearing 12 %, we here in Germany are currently lowering our unemployment rate. This probably will change dramatically if the defaults will get unavoidable.

There are also attacks on the purse from every side. And especially from areas where the truth can not be found in any current figures. Just in a few side-notes. We’ll have a giant promise of the pension payments in front of us. We’ll see
extreme raises in day and night care for the elderlies. There are less and less working productive and really „serving“ the wishes and needs of men. And more and more will get sunk in bureaucrats excesses. So you can see I’m not very optimistic about the raising „notations“ at the stock exchanges. I’m afraid it just will up in more misery day-by-day.

small additon for 01.06.2011. It has gone nearly as much down as up yesterday.

What are the signs

that we nearing us an end of a bubble/burst cycle?

I wished I knew. So I just can speculate. At first it seems the debts were piled up higher than ever before in „peaceful“ history. Peaceful in the sense that there is no war in Europe. But maybe I’m just too optimistic about the war stuff, maybe one has to admit it’s war between the deledefs and us. But well we currently do not shoot one another (but don’t ask me how long that will last).

There a a few other signes that maybe this time the end of this cycle is nearing. Gold still raises, slow but steady. And the worst fiat-currencies (EUR and US) are declining as well. I know there is not „real“ alternative country on this earth, basing their economy on values, but well there are worse and a little better than worse fiat-money currencies. However we also see raising prices of commodities. The raises are not that striking in the „non-core“ inflation area. But non-core inflation is kind of „a little bit pregnant“. It’s something that simply „does“ not exist. We see devaluation races while the central bank go wild printing money. And so yes I think the prices show this devaluation.

Interesting also that the politicians are just cycling around each other and try hard to avoid any acknowledge of their population. You can see this in the last G8 meeting, which one just can describe with one word: spooky. They just were placed behind fences and the executive was closing down everything else. There you could see that they are not hampered by any sort of reality. It really was one of the days, one could see how they are not „working“ for the public. At least not what I understand under public.

We’ve seen remarkable actions of men in north africa. They did not have learned much from our faults, but they managed to drive away their current deledefs which is a good thing. But I’m afraid they will follow the next duper, to some stupid thing. I hope I will be 100% wrong on this, but I do not see that politicians currently „leading“ have done that much good. But may be „this time is different?“ I can’t tell.

The actions of the federal banks seem to be desperation in disguise. They tell us „Everythign is under control“ but I would not believe that for a second. So currently they try to prolong the suffering, but in the end we know „we are all dead“ and Fiat money will die if not these days or months than someday in the future. You can not have „money“ as debt. It’s one of the biggest chams ever in history. We are trying to sneak our way to wealth. That does not work. And devaluation of currencies is the surest way into doom. There is not exception to this rule. The „ruling“ people, start issuing less valuable money and use their guns to „convince“ us to take the more bad money on face to „better“ alternatives. And I’m afraid there is never a „this time is different“ in this area. The currently leading people do want to „lead“ in the future too and so they do everything they possibly can to keep „their“ system running. And so we never ever will see that they try not to fight what they probably will call „the market“. They will always attack those pointing out their lies….

And I ask you frankly. How can one believe that devils would to anything not to tantalize their „underlings“?

Let’s have a look at laws

I’m currently reading Bastiat the whole collection. I ordered it from Mises and it was again some eye-opener I got from them. To be honest I did not not of the austrian schoole since maybe 3 or so years ago.
Despite the fact that I studied at least some of the political economics. However Mises and von Hayek were not even mentioned. We we’re fed with some kind of Models and I remember as if it has been yesterday liquidity traps.
So I guess we were taught „voodo“ economics.

Strange enough I always felt even to that time that something was deeply wrong. And the more I read from liberals and libertarians the more of my let’s call it „feelings“ get underpinned with well let’s name it facts. Another thing I remember was my education for getting a farmer. In Germany this is a profession you have to learn (it took around 2-3 years). That has been in the 80ies of the last century. Yes indeed I’m currently in the, I think one can name it „middle“ ages“. My father was and ever have been and ever will be farmer by heart. It was his life. And I guess if there’s a heaven my father will be farmer there too ;-). In my second and last year of this education, I worked on a farm for pig breeding.

I think this farm was near „under-water“ but that’s another thing. I did my high school degree and well it was „perfoliated“. But I think I was and am quite capable of calculating with interest and run of three, yes and I think the basic arithmetics are also known. I remember to that times I had a few discussions with my father. I’d come to the conclusion that the subsedies paid to farmers is simple wrong. And to that time I also cam to the conclusion that farming had a bad earning state. You need a lot of money for a farm and if you then just get that in return what I calculated roughly it was not a terrible good idea. But back to the subsedies. My father though that at least the subsedies for farming were adequate, because one „has “ to eat.

In that regard he is fully right and nobody can deny it but we lived in times were trading was not that much hampered and so I though well yes maybe farming is to expensive in Gemany (it deifinitly is, but I just learned later that it’s that expensive because of the „laws“, with which the governments make it that „expensive“. So I was thinking if the farmers cannot get around withourt subsedies. we probably should import it from other countries. A though it would be a win-win situation. The countries with better results in farming trade with us in Germany which probably are the among the best in engine building. And to that time I just started thinking, free trade is the „base“ of all wealth.

Till a few years later father and I could not agree upon it. But then after 10 to 15 years one day we sat together and he just said: „I guess you were right“. Why did he was able to admit it: Well farming has but one trait, you are in the hands of nature. You can bee the best farmer in the world, if there is a year of drought or flooding you loose a years hard work. Nowhere else this is that that noticeable. But here one „natural law“ comes into play. The law is: „Don’t take anything for granted, prepare yourself for years of misery“. So successful farming means saving enough that you can „survive“ one or more bad years. I now it does not work forever, but base you farming on credit and you are bound to fail. I don’t know fi the prior mentioned farmer still is in business, if he won’t, I’d not be surprised, I’d be more surprised if the first dairy farm would not exist any longer. This was a cautious farmer, which „knew“, that one has to live withing one bounds.

So we have laws of nature, and nothing can prevent them for taking place. So the first rule (you can name it law) is, no the „facts“. And here’s the big fall of any government, even if they „knew“ the facts they would and do try to fight them. This never can work. One „fact“ is that one can not get rich by piling up debt, it’s absolutely impossible. You just can get rich by „saving“. That means using less than you have. Governments ignore this simply fact since ages. And now it seems „the law“ strikes back.

How did they manage to exploits their populations for that long?. Well part of it is that the population bears the laws and „obeys“ them because they think they are good, or if not good unavoidable. Another possibility is that government has bought this „agreement“ there are a lot of ways of doing that. One of the most popular are subsidies for any kind of felt or adopted injustice. You know this kind of things. „We can not work that effective because this or that get unfair advantages from xxxxx “ fill in whatever you like.

And their are the unjust laws, which allow plundering. And as Bastiat has correctly written at least some, especially those one can name defrauders, do not like to work with their own hands. They like to exploit other people and take away something from them. This unfair people start working for governments. And suddenly they are not bound for unsolicited exchange. They just have to follow the rules, decided by the biggest plunderers. Oh yes they write nice things about freedom etc. but there will be one special law the laws for raising taxes and here we got.. Taxes means taking from someone at the point of a gun and not have to „give“ anything back. However it’s the law. And this law is not „natural“ it’s a law devised. To make this unjustice not felt that directly, one starts talking about schools not build, streets not build or whatver and that one „must“ have this or that or whatever.

However Bastiat write the only thing he could though laws have to be. „Laws are justice“. Now it’s unjust that taxes take away but with some empty promise that those taking away surely will just use it for the best of „all“. But this is not the law Bastiat accepts. These „laws“ just can be named phrases for debts and thieves.

So we can conclude many of the laws are not for saving ons property but to legalize theft. This theft however just can take place because the majority of people do not feel and see this as unjust. This laws feed one of the most primitive and ugliest things in men: Envy. It seems most of the people fell it is „just“ to take away from the rich and the government workers are the „Robin Hoods“ of the „man-on-the-street“. They are anything but right. Anyway many of the laws fill the „desire“ of some kind of revenge. Bureaucrats are very innovative if it comes to plundering but not to be hold responsible for this plunder. Just see what happens with Tepco, BP etc. The state has limited the liabilites of this large corporations…. Shouldn’t that be something to be considered?

So the „laws“ are perverted. They are not for saving one’s properties for unjust claims. But for founding claims on how to take it away from us. I just can see any avoidance of e.g. taxes as self defense. The problem is the delebets tighten their grip around your property, decade by decade, year by year, month by month, week by week, day by day…… We just can try to find the „natural“ law and the natural low is that of unsolicited trade, and we all should work for it and one of the most important starting point is that we take away the monopoly of deciding what money is from the governments. If we abolish Fiat-money systems we’d have a big strike against the Deledefs. Sure they will fight us whenever they can. But you see it’s obvious that their ponzi-scheme comes to an end. They have not obeyed the first rule of economics. „Live within your bounds“. And this fault is getting more apparent day by day, failout package after failout package, new last vendors….

They will get broke by „the law“ itself.

Let’s have another look at debts

There are quite a few sites which do care about the careless money printing of the FED and the lending of government.

Just a few actual links:
http://blogs.law.harvard.edu/philg/2011/05/23/visualizing-the-debt-ceiling/
and even more frightening (at least to me):
http://www.usdebtclock.org/

I mentioned Obamas Obamacare which will drive piling new debts onto another level. IMHO the US are beyond the point of no return. They have lived on debt for too long and the longer it persists the harder the hangover.

However I simply have difficulties to believe the numbers from this link:
http://blogs.law.harvard.edu/philg/2011/05/21/california-ballot-propositions-regarding-public-employee-spending/
Robbery is a too weak word for that. Does anyone can support this figures?

However if you read Bastiat you’ll find an interesting chapter head-titled with „The Law“. And as I understand it we are talking not longer about laws to safe one’s property but the plunder version of it. And according to Bastiat it means every one is free to fight that. You can see how „nice“ laws were crafted for those plundering. So you can not simply pay no taxes anymore. If you go to the supermarket you pay taxes at the point of the cashier. At least the VAT must be paid. If you do not pay your taxes you will get prosecuted, jailed and disowned. You see the inbalance. The state has all the weapons and enough plunderes helping him. The legislatives holds an executive and the executive must obey the laws of the legislative. And fair enough the executive is paid by the legislative and so in fact all policemen, or anyone else working for the government piles up another level of injustice. They never would see it that way because they are „obeying“ the laws, and I’m in do doubt they do. But obeying laws of plunderers means, being a plunderes itself.

And unjust law is just that. And on of the most infamous plunderer laws is that government has the monopoly of issuing worthless paper money. And put force on every one to accept this as „money“. The debt is just another word for slavery. The own population has to work to buy the interest and principal and not one cent from it is beared by bureaucrats or the legistlative. Sure they pay the VAT they pay income tax. But this income tax does not come from serving any customer it just comes from „serving“ the law.

And then you can see things like this:

Public Service Is a Noble Calling, Some Say

I’m sorry but everyone working for the government is not honorable, quite the opposite they all work on suppressing every men in a country.

Thanks but no to Mrs Lagarde

I’m against Mrs Lagard for the IMF. The IMF is just a from Politician controlled instrument, with no-failure-built-in. It’s not a market instrument, because otherwise hardly any political
pressure could be come from it. So short, it’s dictatorship pure.

Mrs Lagard has an open dispute about corruption and all in all France is the county for centralism.

The only „right“ thing would be to abolish the IMF. This will not happen so we should at least get some democratic control about it.

If we have this IMF we should have president of a country which never has gone bankrupt. France was known to default every 50-100 years in the 17-19 th century.
I also am against any Chinese at the top (China is the last „big“ dictatorship around with not acknowledgement for any human rights). The IMF president should come from a country with the lowes corruption rate, That is the only thing which „may“ help anyone.

Here on Mises the guys have an idea on the problems with central banks
http://blog.mises.org/17035/mad-men-2/
So the only „right“ way is abolish the central banks, and introducing sound money. And then the debts avalanches will not be a problem. It’s just the constuction of Fiat money with last lenders all over the place. Responsibility is an emtpry phrase if it comes to deledefs and bureaucrats

Was gefällt mir an der Bremer Wahl

Es reicht eigentlich eine Zahl: FDP -53,333 % zur Letzten Wahl.  Endlich mal wieder ein Landtag in dem die FDP draußen ist. Aber das ist auch das einzig Positive an der Wahl. Es wird interessant den weiteren Weg Deutschlands in die Ökodiktatur anzuschauen. Geschichte wiederholt sich nicht? Nun das sehe ich etwas anders. Nach dem bösen Kapitalismus muß wieder ein „starker  Staat“ her, geeint hinter einem Führer oder Führungsgedanken. Diesmal sind die Führer mal wieder Glücksversprecher. „Wenn wir nur alle auf den „grünen“ Gedanken einschwären, kann es nur gut werden“.

Dieses „Versprechen“ ist wie alle derartigen Versprechen eine hohle Phrase. Unsere System ist auf „freiwilligem“ Austausch eingestellt, eine Idee die Ökodiktaturen sicher völlig abwegig vorkommt. Also werden wir Quoten für Anteil an Biobauern, Biofleisch, Biohühnern und „Bioland“ bekommen. Da das mit Sicherheit die Preise ändern wird, wären soziale Preisgrenzen „denkbar“ oder aber eine Auflage die Normallandwirte müssen den gleichen Preis wie Biobauern anbieten dürfen aber eben nur anteilsmässig produzieren. Oder andere Idotien. Der mündige Bürger wird nur solange als mündig angesehen, solange er der Ideologie nicht widerspricht.

Alle die anders werden leben wollen, werden stigmatisiert. Vielleicht eine Art Ökostern an jedem Haus? Wir wissen der Perversität von politischen Dogmen sind „keine“ Grenzen gesetzt und sterben lassen oder aktiv dabei zu helfen, damit haben spezielle wir Deutschen mehr als genug Erfahrungen.

Mal sehen wann es die ersten Gesetzesänderungen für die politisch korrekten Gesinnung geben wird. Ich denke die nächsten Wahlen werden es „bringen“….

Und am Ende wird man feststellen, auch grüne Gesetze kann man nicht essen….

Could need helping hints

As you have seen in my previous entry, I can not see that a debt ratio of states can be related to GDP.. So I’m looking for a rough idea on how high the prroperty value of the diverse states may be. I know that not all of it is disponible but it’s still is something „owned“ by the states. The GDP is not owned by anyone. It’s just a number of all the work done in a year.

We then see how high the debts are and what will happen if government will have to pay „normal“ interest not this artificial low interest set by the Fed

So any hints are welcome. One I got was: debtclocl of the US….

The madnesss of GDP related debts.

I’m suprised that a debts rate of is calculated with the GDP.

I know „every“ does it. But if are at the edge of a canyon, and everyone is marching on, makes this march not less stupid

Let’s translate it into our „world“ (the non government world) So I’M living in Heidelsheim around 5000 inhabitants. Now what the produce can be seen as „my“ GDP.
So let’s assume I have 100 000 EUR debts. But all i all the 5000 people would produce an GDP of 1 000 000. So my debt/GDP ratio is just 10%. According to this I guess my finances would be sound.

But know we get back into reality. I do not have access on the money of my neighbours. I’ve my income. So let’s calculate with an income of 25000. So I’d need at least 4 years to pay back all my debts. Would you think my financial situation is sound? Well you would ask what else does he have to „secure“ the liability. So let’s be generous and give me 200 000 EUR . So in reality I’d just have 100 000 EUR (assuming I could make my property to money at an immediate notice)
Still the question are my finances sound? We still don’t know.

Now let’s switch back to the state analogy. As we know states do not have a balanced balance sheet. Each year they need extra credit. Now let’s assume I’m one of the better one’s and just need 10% extra debts on my income. That means each year I’d add another 2500 EUR debts. So let’s calculate with an interest of 5%. So my payments currently are around 5000 EUR. Next year I’ve to pay 1375 EUR interest. No let’s calculate if I do that for 50 years. I than have a debt of 600 000 EUR (if I could bear at lest all the interest) and my interest payment would be around: 30000. Which is absolutly impossible. So now you can say, my situation is all but sound.

But now back to the case of the government. Let us assume a GDP groswoth of the Heidelsheimer inhabitants of around 2.5%. So in 50 years we’d have a GDP (without inflation!!!!) of 3 437 109. EUR and my debt/GDP ratio just would be:
0,174565311 that are 17,5%. Still for states this is sound?

So I do not think that Debt/GDP is a wortwhile measure. We should just allow governments do calculate their debts with their income. Just imagine what 160% debt of the GDP means … So I can not see how e.g Greece could „bear“ that and in fact it’s getting more and more obvious… they can’t….