Nicht alle werden in Schulen gelehrt. Daher hier eine kleine Erweiterung:
1) Bürokrat
2) Eurokrat
3) Unokrat
Bitte nicht vergessen wenn mal wieder neue Gesetze auf uns zukommen. Bei 1 ist man schon unfehlbar es sei denn die Stufen 2 und 3 sagen etwas anderes.
Es ist immer gut zu wissen wer der „Herr“ ist.
Verantwortung soll und wird einem doch in jedem Bereich genommen und wenn man für sein Handeln nicht mehr verantwortlich ist, dann ergibt sich der Rest von selbst. Warum auf irgendetwas Rücksicht nehmen? Warum sich selber bemühen wollen/sollen. Dafür gibt es ja wohl hoffentlich staatlich angestellte „Helfer“. Und die Politik lässt sich da nur zu gerne bitten. Dort eine Bürokratie mehr dort ein weiteres „Gesetzchen“ zur Gleichstellung von was auch immer.
Und die Proteste gehen in die gleiche Richtung nämlich nicht sich selber bemühen sondern bemühen lassen. Man kann durchaus von einer Kultivierung des Parasitentums sprechen. Und der einzige Schutz denn „Normalos“ haben wird uns durch ein Staatsmonopol in Sachen Geld verwehrt.
Die Logik ist völlig stringent.., nur geplantes „wirtschaften“ kann uns „retten“. Das zentrale Planung der sichere Weg in den Untergang ist „wen schert’s?“ Wirklich werfen Sie einen Blick in Atlas Shrugged und Sie können den „Abstieg“ verfolgen.
Armut und Hunger durch zentrale Planung und „Delegierung“ von Verantworung zu mindern ist wie einen Tsunami mit einem Wasserschlauch bekämpfen. Schauen sie sich doch nur mal die Barrikaden für die Bereitstellung von Arbeitsplätzen an und die Gesetze wie das EEG und oder das „Glühbirnenverbot“. Schauen Sie sich den Wahnsinn mit den Subventionen an, oder werfen einfach einen Blick auf Pamphlete des Wissenschaftlichen Beirats der Bundesregierung. Schauen Sie doch einfach mal in die Worthülsenschleuder: „Welt im Wandel Gesellschaftsvertrag für eine Große Transformation“
Schauen Sie sich an wie in BW die Verfassung gebrochen wurde und Herr Mappus in Sonnenkönigform mal eben 4 Milliarden Steuergelder ausgegeben. Von denen heute schon mehr als eine Milliarde weg sind.
Ich versuche meinen Kindern immer nur eins klar zu machen. Ihr seid für Euer Tun verantwortlich, niemand und nichts kann Euch diese Verantwortung nehmen.
Immer und überall gill Taanstafl und immer und überall muß jeder seine Rechnungen bezahlen. Die Delebets machen es ganz geschickt. Wir müssen fressen was sie uns vorsetzen den Preis setzen Sie ebenfalls fest und daß wir bei Ihnen einkehren müssen wird durch Monopole geregelt. Und ist man nicht willig erfolgt die Gewalt: http://fdominicus.blogspot.com/2011/08/das-gewaltmonopol-bei-der-arbeit.html
dear members of the congress, it’s nice that you can show that the US would be better of without you finding „compromises“.
So be so kind and stay as you are, do nothing. The US citizens and the world will appreciate it.
So long !
there are those days where you get some positive news.
Now the parties could not find a „saving plan“, this alone can not be a suprise to anyone. So nothing really good or positive about it. But
now there is an automatism in cutting expenses. And that is a good thing. I really don’t know how serious that is meant, but if it’s serious it would be great thing.
Just cut everywhere till you get off you deficit, The figures I read are over 1.2 trillion in cuts, and this are „cuts“ not „higher taxes“. If that is not good news I can not see what else
Ist es so weit? Ist der Zug zum Bankrott an gerollt?
Wenn man sich die letzten Tage so anschaut, kann man wohl sagen, es sieht danach aus. Es sieht auch nich danach aus als sollte irgendwo ein Stop eingelegt werden.
Deutschland ist nach unserem Schuldenminister nicht selbständig: http://calimerosrumpelkammer.blogspot.com/2011/11/schauble-baut-die-ordnung-um.html
Keine weiß so genau wo unser Gold eigentlich ist: http://www.freiewelt.net/nachricht-8608/seltsam%3A-bundesbank-lagert-gold-im-ausland.html . Wieviel wir davon haben ist nicht ganz geklärt. Offensichtlich wurde etwas verliehren (frage von wem und wann bekommen wir es zurück)
und die USA ist sowas von Pleite: http://www.freiewelt.net/blog-3773/die-usa-ein-vorbild%3F.html
Spanien und Italiens zu zahlende Zinsen auf 10 Jahre knabbern an der 7 % Marke (was eine Verdoppelung der Schulden in 10 Jahren bedeutete). Der EFSF bekommt das Geld nicht so billig wie er gerne hätte, das mit dem Hebel wird wohl auch nicht so klappen.
Und die möglicherweise sieht es auch in China nicht so doll aus: http://www.deutsche-mittelstands-nachrichten.de/2011/11/32795/
Über Japan, Venezuela, etc schweigt man besser peinlich berührt. Alles weil die Delebets aller Länder meinten sie seien doch soviel cleverer als Märkte und Sie ausschalten so gut es eben geht (und es geht nicht wirklich gut). Als Investor darf man sich nicht mehr an Marktpreisen orientieren sondern muß spekulieren, welche Dummheit die Delebets als nächstes begehen.
Was die Dummheit, Unfähigkeit und Lernabstinenz angeht, ist es offensichtlich, 95 – 99 % der Delebets bekommen wirklich gar nichts mehr mit. Also ja man kann wohl sagen der Bankrottzug ist angerollt und die Delebets arbeiten schon an den abschüssigen Stellen damit er richtig in Fahrt kommt.
Well I looked over some old blog entries on my outer mises blog and found a most astonishing number:
Three years ago the US debt were 9.5 trillions. Now in November we have officially 15 trillions of debt. That mean more than 5.5 trillions more debt in just 3 years. Will say
the new debt growth is 10% a year !!!.
But imagine that is not even half the truth. The debts of Mae and Mac are undocumented. My figures to that time were around 5 trillions. And there were other promises of around 2 trillions.
Now if I take that in consideration we get from 9.5 to 22 trillions of new debt. that’s more than a doubling in 3 years or. The other way the debt growth is more than 25% a year!
Now if one things just Euro land is in knee deep trouble, think again.
Finally the truth is revealed. The poligangster are putting us all in misery. As Mises and Hayek have written. We were right and all others were wrong.
or, why deledefs love Fiat-money and their money monopoly.
Well as we have to realize that we have a debt problem world-wide. (USA > 15 trillions of debt, just remember in June or so they have raised the debt level vom 14 trillions), The EU somewhere between 18 – 20 trillions.
Japan a few trillions also and China which claim to have one trillion in „securities“ from the US. And so it goes on and one. There is currently not one country world-wide with absolutely no debt. Now
tell me about insanity
How can that happen? Well its a „perfect“ construction for parasites. The parasites are the politicians, bureaucrats, and big banks. Banks may live without a state, but a state with out banks is well historical hardly to find.
Now it makes sense for both sides to work „together“ the banks are the only ones which are able to sell all the trillions of bonds. And with every selling, the earn quite a bit. Now what’s the advantage for banks. Well they got „political“ cover from the states. Either directly as e.g. the Landesbanken in Germany and/or the Sparkassen or indirectly as you can see with the bail-outs. Why do states accept this. Well a bank is not just the seller for bonds but also the holder of deposits. And here comes the worst of all. The banks to take this deposits and lend them out, either directly while buying bonds, or just for other credit facilities for the state. Now this money is not theirs and if the state would not try to „save“ the banks, the deposit owners may not get back their deposits. So banks and states are working with everyones property to satisfy their never ending appetite for money.
The biggest thing of course is creating money out of nothing. Absolutely impossible for money as value (read gold as money). If the banks give a credit there are suddenly the credit euros or dollar there, and they do not have backed up completely with their own money. It’s just a digit in a computer. So you can create more and more credit, and you just can „hope“ that the investments done with credits will be paid back. That is (un) fortunately true most of the times that works. Well in fact if the just loose the normal 5-10 % of the given credit sums, they still earn big. Anyways this system comes to a screeching end if the overall debts are way to high. That’s the case currently the states have to many debts and people do not believe any more that they will pay back. So anyways the whole money system is a big Ponzi-scheme. Banks and Politicians are allowed to run it but if you do that in a private enterprise you got to jail (which is correct)
Why can that all work? Well the easy answer is the states do own the „most“ weapons and they do write the laws. So if you do not comply you’ll get to jail. So people must be afraid to work against this stealing because otherwise they would get harmed. Not to forget the state have currency monopolies and central banks. That another level to obfuscate the wrong-doing. They name it „lender of last resort“. Does that not sound „wonderful“?
And it’s a plain lie again. central banks are backed up by state promises. And that’s all there is. I don’t know how you see it, but for me this promises are not worth anything. Governments are lying most of the time, and mostly then if it’s especially embarrassing for them. Just read about anything from Obama, Junker, Baroso, Merkel and Sarkozy in this regard.
And you can see the greediness of banker and deledefs. They make new laws to save themselves for prosecution. And the state just claims some banks are indispensable. And so we got the worst one can get.
Such system do break every few decades. This system now works for around 50 years and we’re nearing another end of such a deception cycle of the follies of deledefs.
about German public law television.
You can bet.
Now you can choose any of the two? What’ll be the result?
Well I know you can not hold your suspense
So here we go it’s 3 and 4. Isn’t it astonishing? The interest rates for more and more countries go through the roof. Billions of Euros are burned and the most prominent themes are high prices on petrol (of course this is because of the greedy services stations and the big oil companies (pushing aside that 2/3 of the price here in Germany are taxes))
In fact it was mentioned in just one message. Something like. Italy and Spain have to offer higher interest for getting fresh money. That’s it. But then the petrol price was theme, people on the street and the ADAC was asked and well that tool probably 1-2 minutes!
One just can say the break-down runs in direct confirmation of Mises predictions but also „Atlas shrugged“.
People start to sell off bonds from nearly any EU country. Believe it or not Germany is not among them. Quite the opposite, the spreads from every other EU country to Germany
are raising and Germany gets the money for free. Indeed they had to offer 0.8 % !!! for 6 months running bonds (AFAIK) and we have an inflation rate near 3%. Well so much to money and interest.
Just remember also the ECB has lowered the Discount rate to 1.25 %. So in fact this is artificially low. And it fits the last moves of a Fiat-Money system. So Germany does not have a problem refinancing itself with bonds.
But it gets more expensive for the other on a daily base. Monti or not Italy is „finished“. But now the EU bureaucrats are again entering the scene. Baroso warns of a systemic crisis (he is right on that) and he wants no actions and now the madness shines. A new round of credit and leverage of EFSF should do the work. JFYI the EFSF has to offer much more interest then Germany alone, but the credibility of Italy, France, Belgium etc is (not free but) falling. So there are two options I think the deledefs will take. At first the will put more pressure on the ECB to buy even more bonds (this would be another new round of expropriation). The other thing will be that they introduce a tax names something like „stabilization of the euro fond“ or the like. Taxes are not a gift they are robbery and so you can see in both paths a new round of expropriation starts.
But there is another „secret“ round, with no democratic control and even worse. The ECB has bought bonds from Greece, is now buying bonds from Greece and Italy. (it’s not known to me yet if France bonds are bought also) but the ECB has to be financed from every Euro country. And well Germany bears 27% or so of the „financial needs“ and well the bonds will get worthless sooner or later. I guess sooner is not a bad guess these days. Why is this even worse than EFSF, well the ECB works without any control. An extension to the EFSF is not very likely any more. But the obligations from the ECB must be beard. This means whatever the ECB does everyone has to pay for it (dearly) . So the way seems very clear to me. The pressure on the ECB will raise they will claims kind of emergency laws. And down we go.
I just invite you to check this blog for the past years and you’ll see how I warned about it over and over again. Just see http://mises.org/Community/blogs/fdominicus/archive/2011/02/03/my-predictions.aspx on my outside Mises blog I wrote (more than 2 years ago http://fdominicus.blogspot.com/2009/10/done-i-sold-last-asset-from-country.html
You can check the Mises blog and see they warned and warned and warned. But the delebets do not give in the name expresses what they are.
just stink. Now I have to read really bad comments about Berlusconi, but years after years nobody but a few did not have had anything against him. Hi tries to avoid processes with special laws targeting his wrong-doing. Tried to shorten statutory periods of limitation. All this was done during his whole period of „leadership“. Was there much critique?
No, he’s the leader of a big economy and nearly all is fine. Now he was gone and now hardly anything is fine any more, that stinks.
The EZB was started with the one and only goal stability of the currency. And is now buying bad bonds as mad and is the one of the biggest bad banks around. That stinks.
Everyday we get new laws to save us from ourselves, and this laws are binding to us. We have to follow otherwise we will be prosecuted. Now there are laws which are broken by our parties over and over again, and we do not even have a chance to question them in court. This laws are not binding to deledefs, that stinks.
Just a small excerpt of things which have more than a smell. And as it seems there will be much more to come, that stinks.
herausgehoben zu werden. Nach Google gibt es nur einen Link auf einen Satz den ich irgendwann mal in einem Kommentar fallen lies
„Wenn der letzte Kapitalist gegangen ist, werden Sie sehen, Gesetze kann man nicht essen“
In unschwer zu erkennender Ableitung eines „Indianerspruches“. Es wird natürlich niemals dazu kommen. Denn so gut wie jeder möchte leben und leben heißt wirtschaften. Es gibt keine Essen ohne Arbeit und es gibt ohne Handel keine Möglichkeit an alle Güter heranzukommen die man so braucht. Gerade wir in unserer heutigen Welt sind nicht in der Lage ohne Arbeitsteilung und Märkte zu überstehen. Ja es mag Leute geben, die sich selber ernähren können. Aber Leute die sich selber ernähren können, selber Ihre Häuser bauen, ihre Kleidung herstellen können, oder sogar nur ein Tier schlachten können sozusagen völlig „selbstgenügsam“ leben, die dürfte man an einer Hand abzählen können. Selbst in den primitivsten Kulturen gibt es immer ein Art „Arbeitsteilung“ ein geschickter Jäger wird sein auskommen finden wie auch ein effizienter Sammler. Zusammen geht es beiden besser….
Also handeln wir. Und damit geht es allen besser. Dazu braucht es Kapital, Arbeit und Ideen. In einer Substitivwirtschaft nützt einem das Wissen um den Bau eines Autos nichts. Ohne eine unglaubliche Zulieferindustrie, Werkzeugmacher, Logistiker, Straßen, Wissen um Materialien etc wird man nie ein Auto hinbekommen.
Alle sozialistischen Experimente werden immer scheitern denn niemals wird der Markt völlig ausschaltbar sein.
Sie werden wahrscheinlich hier noch nie etwas über bestimmte Musiker gelesen haben. Somit haben wir hier nach fast 800 Blog Einträgen ein „Novum“. Heino gibt Seinen Bambi zurück weil Ihn auch die Bushido bekommen hat. Damit hat Heino mehr Courage im kleinen Finger als die meisten Delebets uns speziell auch Nobelpreisträger. Wieso es einen Bambi (eher etwas niedliches) wert sein sollte, Misshandlung und Gewalt zu glorifizieren kann ich nicht nachvollziehen. Nun denn soll jemand sich um eine angemessene Handhabung dieses Metalls gegenüber diesem „Musiker“ kümmern. Womöglich ist dann der nächste Friedensnobelpreis nicht mehr weit weg.
Was soll Heino gesaght haben: „In was für einer Welt leben wir…“
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….
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: “Heilâ€.
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 “Untermenschâ€.
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
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….
my blog entry a few days ago, about the sustainability of the ESFS.
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….
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
Wieder einmal aus der endlosen Reihe wie betrüge ich meine Bürger. Seit Anbeginn des Nachkriegsdeutschland gab es ca 70% Inflation, beileibe wurden die Tarife dieser Inflation so weit mir bekannt nicht angeglichen. Somit kamen und kommen immer mehr Bürger auch bei nur „mässigen“ Lohnzuwächsen in höhere Steuertarife. Speziell auch derzeit müssen also immer mehr Normalverdiener überproportional viel Steuern bezahlen. Nun soll diese kalte Progression „etwas“ abgemildert werden und selbst diese Banalität wird gefeiert wie ein „historischer“ Durchbruch und natürlich von den noch linkeren Parteien gleich mal wieder als „ungerecht“ gegeiselt.
Faktisch gibt es keine Senkung sondern „nur“ eine Minderung der Progression. Die Verblödung schreitet aber so schnell vor, daß das wieder mal nur wenige mitbekommen.
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 overâ€.
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 “bustedâ€. Don’t expect to see much from that money back. It’s time to prepare for even worse times…
Zu singen auf Abbas Money, money money
debts debts debts must be funny in the poor mans world…
Lösung in money money …
man muß sich nur einen Millionär angeln.
In debt, debts ist die Rettung fast so exklusiv. Man muß sich halt einen Zentralbanker angeln.
dazu dann der Tusch
mad mad mad
must be funny in a mad mans world.
Auf zum nächsten Tiefpunkt.
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.â€Well we could not do anything about it it comes from …â€
Yes the spongers work hard to make their life most comfortable while harming every one else. That’s their “reason†for living…..
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….
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 “relaxationâ€. 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…
und ich soll leer ausgehen. Eine gute Frage warum sollte ein Schuldner ÜBERHAUPT für seine Schulden einstehen. http://www.deutsche-mittelstands-nachrichten.de/2011/10/29846/
Und los geht es. Merkelova wie können Sie da unterscheiden, welches Land passt eher in ihr sozialistisches Ideal. Darf man Proletarier aus welchen Ländern auch immer zurückweisen. Muß man nicht gerade diejenigen weiter knüppeln die sich noch nicht dem proletarischen Diktat unterworfen haben.
Ich schlage vor wie erhöhen den ESFS auf 1 Billiarde. Damit können wir locker alle Schulden abbezahlen und haben sogar noch rund 980 Billionen auf der hohen Kante. Das ist doch simple mit Sicherheiten irgendwo im Millionstbereich kommen wir da locker hin Wir brauchen da nur einen Hebel von 5000 und sind schon da. Ist doch alles „völlig problemlos“.
Und wieder aus dem endlosen Buch, wie hebele ich Parlamente aus. Eine Geheimgruppe sollte sich treffen um über die Milliarden zu entscheiden. Wer wann wieviel bekommen mag. Alles natürlich im „gesetzlichen“ Rahmen. Ist schon klar, Politik im Hinterzimmer und Absprachen zuungunsten von dritten nennt man woanders „organisierte Kriminalität“. Ausnahmsweise haben sich diesmal 2 !!! von über 600 Abgeordneten gewehrt und was selten passiert das Bundesverfassungsgericht hat eingegriffen. Nun ja es wird nicht bei diesem Versuch die Legislative zu umgehen bleiben. Schäuble hat sicher noch einige Gemeinheiten im Sinn…
Traurig aber wahr:
http://mises.org/Community/blogs/fdominicus/archive/2011/01/18/dej-225-vu.aspx
Now at
http://fdominicus.freecapitalists.org/2011/01/18/dej-225-vu/
Any links the old mises.org Blog are to be found somwhere on the later one. I’m sorry, but the Mises Blogs were shut down. That was IMHO a very bad idea….
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.
Schuldenschnitt Griechenland von 50% damit haben wir also jetzt 50 Mrd Miese auf unserem Konto.
Macht aber nichts mit dem heutigen Anstieg an der Börse kriegen wir das Geld vorerst mal wieder rein. Bis zum nächstne Bust. Nun ja wir blasen heute ja mal wieder die Werte ziemlich gewaltig auf. Der Knall wenn diese Blase platzt dürfte ein paar Mal rund um die Erde laufen. Also liebe Leute kauft bitte noch mal ordentlich ein. Nur rechnen Sie nicht damit, daß Sie Ihr Geld jemals wiedersehen, aber besser Sie hauen es auf den Kopfs als die Delebets. Das kommt alles noch früh genug.
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…..