Schlagwort-Archive: corruption

How comes I’m not surprised?

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Two entries on the zerohedge log:
http://www.zerohedge.com/news/2013-01-12/guest-post-social-security-system-already-broke

and one that leads me to:
http://www.zerohedge.com/contributed/2013-01-13/ceo-german-multinational-costs-monetary-are-union-too-high

That’s the difference between states and firms. States to make firms suffer and firms have to see how to get out of it with their own money. States never get out of it with “their” own money. They just steal more (that’s called tax)

The booms are introduced by to cheap money. And money without worth. That’s the point. If the US would have to gurantee their currency with something of value. They would not be able to pile up that many debts. So it’s easy, they export Dollars and get something of some real value in return. The Dollar owner just can “hope” that he may be able to buy something with an paper later.

The USA overall lives on the expenses of the world and still they have sky rocketing records of the food ration cards. In the end it means the debts are somewhere cycling around without being used for highering the the real goods output. And that fits perfectly. The debts we have in the states are circled around. Greece can not pay so they got “new money” read “new debts” from the EU. And the banks which take in the money are buying new “bonds” of states. Handing it out as “security” to the central banks and there is it the debt. The so called “assets” (bonds) read debt claim is the highes in all central banks ever in non-war times. So that means the central banks are the biggest holders of “promises” of states to pay back their debt.

Well that’s a neat system isn’t it. The states to guranteee the mony monopoly to the central banks and the central banks take the parity value of the bonds from states as “given”. So how long would you expect such a system to be trust-worthy?

Who has won in Greece?

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Well according to the press the ND has got 30 % of the votes. Well that’s not even in deledefs meaning enough to be seen as clear winner. And it surelly isn’t even in the crudest
deledefs dreams the majority. So do the Greeks have voted for the Euro. Well at least we no that nearly as much and probably many of the non-voters do not
favour the Euro. But it could be that the Greeks know what they have with the Euro, a shield against their own deledefs. And it seems they do trust at least this
shield more but their own deledefs.

That would at least make sense to me. I wrote it here and pointed it out. With a new Fiat-Drachme currency the way into inflation and degradation of the currency is
as clear as the moon and the sun in the sky. You can pretend it’s not there but you know they are there.

So should one congratulate the Greeks for that vote. Well know, they have voted for the same parties, and some of them want to go on with the party without bearing the consequences.
Greek still is bankrupt and it’s not heard that they have minimized their state “workers” that much. We’ve not heard or read that much was done against corruption. So Greece still troubles the same
problems as the day before yesterday. A state way to big. way too much statism, and strangling of free enterprises. The (nominal) taxes still are increased and in the name of fighting corruption, it seems
they just have introduced more “rules” which it seems not to many bother for really.

It’s also not recorded that the property rights were enhanced. At least I have not heard and read about it. I’m interested in any moves they did to really clear the mess. But sorry, the mess gets IMHO bigger by the day.
The Banks are near bankrupt (well that’s fair indeed) , and the will to really cut into subsidies etc is no where in sight and so they “hope” for the next round of debts to get them out of the trouble caused by debts…
That haven’t worked, does not work and will not work as long as there is an economy…..

von Mises run

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well yes there are no good news. There are currently just bad and worse news.

Now it’s the spanish banks, another 100 billion. I wonder from where that money comes. And you know the answer. It comes from new debts and this debts
have to be beard by the tax payers. Oh yes they won’t honestly higher the tax immediately, but the invoice will come. And it’s always those who have and live within
their financial limits, which have to pay. I guess it will be as usually. The inflation will be driven up, the tax is driven up and those not paying taxes will not even recognize, that’s somebody get’s robbed.

The different loosers in the different countries are cheering another looser. Really they tell, what a good thing that Spain takes the EFSF money. Well you can see it’s not the idea of market which prevails. It’s from a to z socialism pure. And every socialist country get bankrupt within around a live span of a man.

And again the best safety net for the savers would have been sound money, and there you have it. The last we get is sound money. We’ll see more money printing, more card houses of debts. I know it’s stupid, people with at least a slight idea on economic thinking know it’s stupid and yet those who know will get overturned by the majority. And as we can see e.g in France the majority just is stupid as wood. I really wonder how the French think Hollande will pay for all “his” promises. They really must think the state is a money spender. And they simply do not get it that it’s robbery which keeps the states afloat. One should not wish bad for others, but I feel it is needed that they suffer under exact the conditions they seem to prefer.

And it’s now starting to get really worse. The banks are bankrupt and the states a bankrupt, and the stupid people still believe the state can steer anything. They are steered and it will show, and the more they deny the facts (money has to be earned) the more devastating the outcome.

Black mailing

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Greece finance minister warns, if the EU let Greece down.

Guess what Greece alone has 330 billion of debt. and if they fail the end will come. Well hell one might think “Finally”
All EU countries have debts beyond imagination and beyond anything in history (even after wars) and they are “suprised” that this won’t work.

That it could work is as likley as extinguish a fire with a flame-thrower. I’m really getting mad about this Bastards. They have accepted all kind of debts for
the most stupid things one can imagine. They tooks tons of money for other things from th e EU. (I bet no street was build on Greece costs alone the last 10 years)
They made working for the government profitable as nothing else, all in the clea knowledge they do not have the money to pay that all.

So in fact they’ve lived beyond any limit on the costs of all creditors, just to rip of everyone in that country. I’m so angry, that I’m not even able any more to
write anything decent. I wish all the Politicians and Bureaucrats over there a hell of time. Take that you looters.

At leat some good news

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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.

Thanks but no to Mrs Lagarde

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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

Politicians = actors?

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in some bad or worse movies? Well we had once an ex-actor as President, but currently it seems we just have actors no politicians any more.
Sarkozy tries to hide away with all the bad things and corruptoin while mass-deporting Roma to Romania. Well so far so bad. But then
he claims he has spoken to our chancellor Merkle. But she does not know of anything. So one of them is lying. Because of other decisions of Sarkozy, my guess is that
it is him. Well sometimes other countries have even worse deledefs than we have. But the race is tight, I guess we’ll hit back very hard some time soon.

So stay tuned to the “wonderful” world of Deledefs, and you know this stories will be continued….

F(B)ailouts

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This time it really gets miserably. The EU is considereing bailing-out Greece. How great is that, the one-eyed should lead the blind

Greece is a nepotism, the current “helpers” are on their way to nepotism. Nepotism leads to bancruptcy and so we all are heading towards it. Anything learned? Not a bit. So what can we do. I just can see one way out, introduce real-money any forbid that governements can lend. All other ways will sooner or later lead to YAF (yet another failout). THE EU should not spend one cent, Greece should left the Euro area and get their business done.

The most important now for Greece is introducing free trade (not bought trade). So every one takoing a cent of bribe money, is excluded from every public job. No excuse is accepted. Accepting bribe money is the counterpart of free trade, it’s conspiracy. So 2 sides (one side the “allmighty governement”, do make deals which, let to trades for “unreal” money. And it surely means it will be much more expensive for the governement.

So as long as we do see that bribe money is handed over in “quantities”, Greece should be left alone. If they’d had to leave and would start having real-money, they will recover very fast. If we sink in extra Fiat-money, they will loose and we’ll  loose also.