Schlagwort-Archive: deception

Here we go again

well the new year has started as now ever other year since the establishment of the central banks. Anyway some really have gained much in the past 100 years, especially states mostly. At least temporarily. Now the Swiss national bank has decided not to fight against a more expensive Franc.

Anyway it has cost quite a few banks and “dealers” so much money that they had to close down their business. In this case I’m not sorry for them, they have believed the central banks and that’s t fault by any means. I myself have lost quite some money while buying puts. That’s kind of “fighting” the central banks. Up till today I’v lost is. But I do not believe in the goodness of central banks.

They are the masters of distortion, hindering price finding which gives an idea about “reality” and they are the drivers in stocks. Without the money printing of the central banks, we wouldn’t have record highs in stocks. And we surely we would not have record lows on interest of states. States like Italy just have to pay a bit over 2% or so annually .

The action of the SNB was IMHO a emergency break. I calculated and AFAIKT it has cost the SNB roughly around 75 billions to let the limit go. If they were-  careful merchants they would have to deduct the losses. I’m sure they will be a bit slow with it.

Anyway if you trust central banks you trust defrauders. That’s a simple fact. So we’ll see if that was the new beginning of the end of the believe in the almighty central banks. I bet most will still rely on them, you can be sure among them are the deledefs of the world.

Let me have a look

One http://fdominicus.freecapitalists.org/2011/07/18/expected/
Two http://fdominicus.freecapitalists.org/2011/08/01/suprise/
Three http://fdominicus.freecapitalists.org/2011/09/08/suprised/

And cha cha cha.

This is not even entertaining, it’s just the pure blank pain and hate I can fell for the US-congress. They are not even Jokes of Politicians but caricatures. It’s a collection of such loosers that it simple does hurt.

So who wants to believe the deibt ceiling will not be risen? Anyone?

The spiral of interventions

Well now we see another template example of interventions.

Argentina, has obviously left the area of markets due to the “politics” of Mrs Kirchner and her spouse. In a side-note
of the newspaper of my wife I found: Inflation 25% and official course between Peso and $. And what has happened before.

It started with good running exports and higher as usual prices for the exported goods. So far so normal, then comes the Kirchners and what did they do?
They spend this money on welfare (and if there is but one way to get money burned faster, really burn it). This has bought here enough votes (yes the merits of democracy) to
get re-elected. and it has come as it always comes.

The prices for the export goods are falling and she does not have enough money for their “welfare” operations. Well one might think well one must cut them back. That’s normal thinking, but not the
Deledefs way, and so they make more debts (one just can say as usual) and started to make restrictions on free trade. Well if you mess with the markets the only answer there is appears, the prices start
raising. And indeed even the stupid newspaper of my wife at least has to “admit” that inflation is beyond 25%. 25% means in a little over 3 years your property halfs in money value. You can bet the only things raising as fast as inflation are always the all-day-needed goods. And so the poor start paying the bill immediately.

Now the people act logically and try to get rid of the Peso and that means they buy other currencies, and this get the next reaction. Controls on the money export/exchange and indeed this is what Frau Kirchner and the Poligangsters did, they “forbid” exchanging into $ and now $ are scarce and a scarce thing does what? Exactly it raised in Price, now the official exchange rate and the “paid” exchange rate differ around 40%.
Very “appealing”, the members of the parliament (probably of Mrs Kirchners party), do what? They buy more Dollars and they can, so much to “equality” before the law

So the end is coming, and the interventions gets more and more by the hour. People which have gained at least some wealth are not expropriated by the inflation initiated by interventions of the state. The sucker spiral turns faster. I guess within the next 5 years Argentina will fall back below 3rd world level. So dear Argentines, say “thank you” to your deledefs. And bite yourself because of your stupidity.

Let’s think a little bit

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

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

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

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

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

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

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

Why now and not a year or so ago?

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

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

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

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

When freedom is just a 7-letter word

Then you know Rothbard, von Mises and Hayek are either domed or simply not mentioned.

The EU is such a thing, Bondage and torture that’s the core of the system. We are bonded with the Euro and tortured with taxes. And the trailer is. “We (the deledefs) work for you
we are the servant of the people

And if you turn around you get another hit in the back. They bailed our the banks and stopped markets work (and therefor they paid with an unprecedented raise in debt)
Now they are again acting against the Market. And the result will be even more debt. The way is clear. It’s not that those having agreed upon piling up the debt will pay.
No the population is held hostage and that’s where freedom ist just a 7-letter word.

No state can and ever has done anything to spread or produced wealth but for a small minority which “claims” for themselves to be chosen in “a free” vote. And that’s their ticket to suppression.
It’s not discussed that taxes alone are the opposite of freedom but that any goods of the people are “free” to the disposition of the greedy hands of wrong-doers. Their freedom is not even a caricature, it’s a word denoted of it’s meaning. They even do not see that that what they do is at the very best serfdom and in the end slavery. And they start working on the “rightness” of this wrong-doing every day, every hour of their life.

It never was more true than theses days. Just see the “jokes” the Parties in the US are doing. Do you really believe anyone would really stop not being part of the “establishment” the elite of the USA, these masters of deception? Who really think it’s about freedom they are talking about ? It’s pure and alone about keeping their power and finding other new ways of suppression. Well yes freedom a 7-letter word like serfdom

The three golden deledef rules

Translated from: http://fdominicus.blogspot.com/2011/04/das-mochte-ich-hier-festthalten.html

1) a politician never is guilty

2) if a politician is guilty 1) takes immediate precedence

3) if a politician is guilty an lying, it has to be blamed on the markets

Just have a look at a few entries on the mises log in the past few days:
http://blog.mises.org/16587/when-in-doubt-blame-the-speculators-%E2%80%93-again/
Just an example from Germany, The taxes on fuel are well beyond 70% IIRC they are even near 80%. Who get’s blamed the oil companies. Well they are responsible of 1/3 of the price but
with every cent more the deledefs get 0.7 cent more robbed cents. That’s the “truth” and no-one can deny it, but the deledefs do over and over again….

Keep that in mind and you have much easier times to understand, their actions.

I like it it subsumes everything nicely what’s happening in EU or US country. Strange enough one does not hear such garbage from Neu Zealand, or Australia. Well the Japanese are
similiar and the Chinese are well “different”. We know the lie (but how does not) but they are culitvating their own bubbled. I can not see a city without population as a good investement..
See e.g:
http://blog.mises.org/16436/the-inevitable-result-of-central-planning-chinas-ghost-cities-and-malls/

The usual stupidity

of politician sorry deledefs.

This time in the name “of saving mother nature”. This times by mean of bioful. According to this:
http://www.welt.de/wissenschaft/article3131881/Biokraftstoff-verbraucht-mehr-Energie-als-er-liefert.html

One needs more energy to produce bioful than it yields. I guess this should be the political counterpart of a perpetual mobile.

I guess nothing can be too expensive or stupid to ruin the whole mankind. This time we need more energy than before to have even more CO2 produced in the name
of CO2 reduction. Now tell me anything about stupidity.

Strange enough my predictions bear fruit. I told we can expect raising prices, and yes we have raising prices. But in the land of arbitrariness through the concept of core inflation. This is not counted as inflation. So the defrauders conceil their wrong-doings. Or even simpler, the raising prices are due to speculation. And fighting against speculation allowes for even more
laws to “fight” the bad speculants. And so spiral towards the abyss. More bureaucracy means more waste and more wrong-doing. And there is no correction for it because bureaucracy is just supervises by itself. The way is chrystal clear… Anyone but deledefs can see it…..