Schlagwort-Archive: deledefs

Oh yeah

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That’s an awful message:

http://blogs.law.harvard.edu/philg/2011/04/27/biggest-u-s-economic-story-of-the-year-federal-government-v-boeing/

You can not produce where you want any longer? Or how else does one has to understand it.

Well one can see it the US is deledefs land of plenty….

Maybe it’s just an example on the how bad subsedie really are. I’m not sure, I can not see why the government should sink money in Boeing. But if they did and
Boeing just tooks the money well then I can understand the troubles. But it would be easy to fix. Just ask Boeing to pay back the subsedies….

However one might see it. It’s big business and big government and both usually are catastrophes in itself. Put them together and it’s fourth as worse…

The three golden deledef rules

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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 US creditability

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Well how interesting that the verdict of the rating agents still is on AAA for the US. They just have a few trillions debt and they “just” another 1.4 trillion during this year.
And still the blame the rating agents and call it a “politicial” decision. I wonder what does it mean? Is S&P a unknown party? Are the democrats and republicans not the only
parties everywhere else.

Are the owners the democrats or the republicans or what?

No it’s very easy the deledefs are fucking afraid. They know they are just playing on time and it seems there only desire is being pensioners if their own build card-house will collapse.
They fire out money as mad and never hardly anytime in history there was such a fiat-money flood. Just in and around the finances are devastated. And this was all done by the politicians of the both parties.

If AAA gots lost the debtors can not count on getting money for nothing (and the taxes for free). No they will have to offer higher interest. And this means it will get more expensive and still there is no plan for “paying” back the debts. Just the “plan” to reduce the amount of new debts. So we translate this kind of saving into our world.

Problem 1. The debt of a rate is measured against GDP so there is no GDP for use. That’s bad so we must calculate differently. I found this as “official” values for paying the debt. It’s 10% of the budget we need to use it for the “income” of our family so let us assume our debt are as official told 50 000 ME (money equivalents (read dollar)) . So we’d have to pay pay (we are not the government so we have “real” interest of let’s say 5%. BTW having this as interest rate would break the US.) So we’d have 2500 ME to pay for debs. So our budget is 2500 / 0.1 = 25 000 ME.

We are still lacking our GDP. So we need some help. Because the GDB is nearly exactly 100% of the debs we have GDP of 50000 ME. Great so we need new debts at or around 10% of it, that are 5000 ME.
Just let us assume this stays for “let’s say 3 years. Let’s compare it with how much it is for our budget. The the 5000 ME are 20% of our budget we had before taking the debt. So in reality we’d just have 20 000 ME at our disposal (- the interest which we must pay) . But we spend 25 000.

So in three years we’d have a debt of around 65 000 ME and have to pay 3250 ME interest /year. Now how much does our budget grow? This is hard to tell, but I have calculated with constant 5000 ME extra debts each year. And so our budget still is the same 25 000 three years ago we’d have to pay 2500 for the debt (the 10%) and three years later 3250 / 25000 = 13% of our budget. We’d have not paid bake one cent of our debt and we still are spending 25 000 ME (which is not possible because we can not spend the amount we pay for interest. So in fact we are taking new debts to pay old debts. And that means we have pay on interest of interest of our debt and we extended our whole debt around 30% !!!

If you can see you can stand that. Well you’re right. You can stand that for roughly 10 or so years, then you are fully broken. And well now see the US they are doing something similar for more than 10 years. And yet they still should have a rating of triple A? Hard to believe that something so obvious unsustainable should get a rating of “being” save….

You can see however how besides reality this kind of debt calculations are. We do not have any GDP which can help us, we can not tax away other. We just have our income as the “only” calculation base. I can not see and accept that this should be different for states. Just imagine the following all the pension payments are not covered in the budgets of today, although we know there will be some expenses in the future. In private you must save to have something, but the states do not do that. So the pension payments have to be beard from the current budgets, and you still have to pay for zillions of other things. There is nothing comparable in the private sector. (GM was broken by their pension plans BTW)

States should not be allowed to use GDP for calculations but their own budgets, and if they promised for pension payments this money has to be “saved”. If that is not possible no pension promises can be given an the money should be left to the people… They have to take care that they have enough for later. If you think how different the rate is comparing GDP and budget. Now let’s see what really is our income. We have a budget of 25 000. We have new debts of 5000 ME and 2500 ME interests payments. So that are 25000 – (5000 – 2500) = 17500 ME that’s your “earned” money.

And yes I have used official numbers, there are so many shadow budgets etc around that this may be just the tip of the iceberg…

I write “earned” because the earning of states are in fact robbed. You have to pay tax and you have no choice…..
With everyone else you pay what you ask for with governments you pay what you asked for and everything else also…..

A few calculations II

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“This time for the debt growth rate in Germany. I cite :
“Als Zahl: 2.080.000.000! Die deutsche Statsverschuldung hat sich seit 1990 damit vervierfacht, von ”

translation the overall debt id 2 080 000 000 000. Well that is high but more impressing
we have four times the debts from just 21 years ago.

If we’d have in 21 year each year an expansion of 3.5% extra debts we just would have doubled our debts. So in fact
the debts have risen around nearly 7%. And that is “more than” ugly.

And that are “official” numbers. Not included are the to be expected pension payments for public servants. Because this is unique just to states. They do not have to pay into
some sort of pension funds. And so all the forthcoming pensions have to be paid from the current budget.

Even if the interest rates are on historical lows in nearly any developed country such kind of debt growth is “unbearable”. If we calculate with an average of 2.5% BIP growth. The economy has grown
at around 51 % but the debts have risen nearly 200%. So there is a gap and this gap will get larger and larger and the the day comes when this gap will be too big to be filled. The question is just when not
“if” any longer….

good news?

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I’m puzzling, Why is it good news that the US shutdown did not take place? They still have an insane budget deficit and the only thing they’ve agreed upon is written on some sheet
of paper.

We’re still talking about a deficit at or around 1 trillions. I calculated once how much this will cost in the future. And this money is not invested just “spend”. Spend for the current obligations of government.
There still are enormous amounts of money needed just to pay the “promises” like pension payments etc.

If we “break” it down to private people it’s that they needed new credits just to pay their eating bills. And there’s nothing left for uncertainties. You get ill or layed of? Well too bad, just ask for more credit.
So I can not the the success. It does not show how desperate the situation really it is. It’s just a message that everything goes on (bad) as usual.

Still all the money is sunk in diverse wars, and sunk into the most jails world-wide. The unemployment rate is not change “automagically” and people just get older and older. And just a few get all the money.
So where’s the good news really?

Next money too be burned

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Now it’s Portugal.
http://citywire.co.uk/new-model-adviser/thursday-papers-portugal-appeals-for-eu-bail-out-money-and-other-news/a485095

The failout plans have not worked, do not work and never will work. It’s not a problem of too less money and credit but too much of them both. One just hase to compare the
money base expansion and output expansion. There’s too much money and so the prices start raising. Portugal has accepted and asked for too much debts and the EC countries do
not accept that. They want to provide them with more cheap money. And so the ones having taken risks (while buying bonds from portugal) will get all the money from those
having not taken any risk. So there is no relationship between taking and earning and this will lead in the end to a crash unprecedented.

Suggestions for the investor. You have two just take care of one think Sell your bonds early enough if the EC runs out of money. Till then one can buy as much bonds as one like. All the tax payers in EC guarantee your interest… So I think short runners may be quite interesting. Try to get back what the governments steal from you.

Very interesting

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http://www.huffingtonpost.com/2011/04/05/government-shutdown-threat-deal-unreached_n_845014.html

As I understand even if the government won’ t pay you still have all our obligations. So you have to go to work and do whatever you did
just for nothing. Wow that’s nice for the government and bad for the government paid workers. I guess they will have to pay their bills. But no governments
do not have to.

Do I find that disgusting? You can bet

I’ve something else for you
http://thejjb.com/topic/669526/Bristol-Palin-Earns-262-000-as-Abstinence-Ambassador

You don’t like it? Well you can bet, me too not. But that’s “justice” the deledefs way. Lie and earn big, do wrong and earn big. akt irresonsible and earn big. And let the stupid citizens pay for you…

Now from where comes the money?

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http://research.stlouisfed.org/fred2/series/BASE

Gives an answer. And because it can not be accepted what is the truth. This ponzi-scheme get’s a great name it’ s called quantitative easing.

For those among us, who can read. The Fed does buy bonds from the bond markets, takes that as assets and prints new money. Now this is a scheme everyone BUT Fed would go to jail. But hey you know they are so much “brighter”. No physical barrier can hold them ;-( But yo know you can’t fight natural barriers you can’ t fight problems caues by too much money by making even more money. That’s for sure.

New attacks on the markets

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Oh, yes they are so endless stupid that it hurts anyone else. The politicians (sorry deledefs) have initiated the whole crisis stuff. Never were able
to get along with their stolen money (read taxes) and never enough credit for whomever they deem worthwhile.

And now they did it again. No thinking just like animals in panic. One direction. We must have our daily/hourly/minutely/secondly credit. And everything who is not willing to give it to us, we’ll feel our power.

Now the newest attacks on the markets. US Ratings should not hold any longer for Europeans. Agreed this rating agents have done wrong, but they are among those having
made the point that the debts of some EU-countries are “bad”. We know our deledefs see it differently and have taken all EC citizens as hostage. The name is safety chute or whatever, but
mean working against the market because markets to fail. Yes markets do wrong sometimes and after recognizing this they correct that. But it is not allowed to
swing into the direction “less” credit” , this is a no-go zone for any deledef. And so they fight the markets wherever they can, in the end they will fail

It’s just the question whom they will take with them. And here no-one living e.g here in Germany will be spared. Those handling responsible will pay the bill. And deledefs will be the thieves,defrauders, bandits and even murderers.

I have written before what one should do. And I’ve acted accordingly. Money was taken out of the EU dictatorship and put elsewhere. A contract about a lend farm includes the option to get paid in food. And if the money
will be gone some gold was “bought”. The option leaving this country was chosen by me, but not beard by anyone else in the family and so we are stuck with the rat packs name politicians here in EC land….

How many measurements do exist

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For deciding if one goes to war or not?

So there will be a flight-prohibited zone above Lybia. Well what about Bahrain? What about Yemen?

The french president clams a “vicotry” also above Germany. Oh yeah, the french go to war (but only Lybia) they do nothing for Bahrain or Yemen. I guess that’s “just”

I can’t tell what would be a proper “reaction”. But it’s obvious that this is as arbitrary as it can get. Ah yes Quadaffi is “brutal”, what a suprise!. For 30 years it was good to be “kind” to him
how many were killed during that time or just vanished? But no Quadaffi was good because he “stabilizes”. What? Ah yes the fundamentalists. What a a nice “thing”.

I wish all the men in north africa peace, an the freedom to say “thanks, but no” we do no need politicians. There’s nothing good to be expected. As long as corruption and nepotism is “the way of live”, no one can live in peace. I’d suggest opening all frontiers, getting rid of all the politicians and go back to money with “real” value. If they don’t to that the way is chrystal clear the “choosen” (by whatever means) control the money, the print it and use if first. Quaddafis fortune is estimated to be between 20 – 150 Billions. Have he worked for that money? No he has the guns and got it from everyone by force. What a “great” man.

He is and was rich enough to buy soldiers as he liked. And well it seems those bought have not problems killing whatever comes along. Be it other soldiers, men, women or children. So yes he should “be sued” for it. But why then stop with Quadaffi? There’s not reason for that really. All this countries are more or less led by “clans” and so how many of them should “be killed”? We have accepted them as “real partner”, the policitians and manager have visited them to “get into business”. So either they were wrong the whole time or they are wrong now. When was the time wrong became right and when was the time where write became wrong? I don’t know. But I know that nearly all of the population have suffered under their “leaders” and so I wish them all that their “leaders” will have to go.

However I’m sceptical, there will be new “leaders” and it’s not unlikely that the will be as bad as the earlier ones… Maybe even worse. Who knows?

It goes on and on

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Yes the EU safety chute should get fixed. This time with “much” more hefty punishments.

If a country does not do this or that then the get very high fines. (Might be interesting trying to fetch that fine if the country is bankrupt, but I guess this is just a secondary thought.)

Biggest sin: Buying from bonds of “any” country through the ECB. Zimbabwe and FED are greeting….

So we’ll go on with this Ponzi Schemes of curing too much credit with eve more credit. I thin Japan will take the lead this time. They have to rebuild their country. And so they’ll flood th world with new money.

I come back to my predictions. It seems a lot of them will get fullfilled earlier than thought. And one day they suddenly will find “no-one” accepting this worthless sheets of paper any more. And then it will not be the states and governments which have “send everything down the drain”. Iit will be the “capitalists” …. Atlas shugged get’s more and more a documentation.

German magazines are just disappointing

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If it comes to a least three themes

1) politicians and there wrong-doing

2) environmental questions

3) demanding more laws.

There was one of the most devastating earth quakes ever in Japan, the only “intersing” theme are nuclear plants… And they start bashing on the technolgy. Nothing but this technology has
prevented that less casualties. Just remember the big flood in 2004 more than 200 000 dead. The Japanse may get away with below 50 000 dead. That in such an crowded environment

Now the magazines declare the end of the nuclear power plants. This is “so ridicolous”. Germans are very “selective” about this, and the news magazines do everything they can to raise their fears as
much as they could.

One of the biggest frauds has taken place last weekend, the “wrong-doing” of bailing-outs should be “fixed”. Do you think anyone mentions it (in the “larger press), no just a few blogs mention it….

The french president has found another guilty groups the “speculants”. Ah yes how original and how “untrue”. But hey you know the Ps are right the citizens wrong. That’s a fact and the news magazines honor this “fact”.

It not just the magazines but also the government “wanted” television. The themes are as if they have a deal. We do everything to keep the citizens within the current political direction. With special
support for “environmental” question and of course bashing capitalists. Do you think there is pointing out where the deledefs all do wrong? Ha, think again….

Obama has overrund His Insanity

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Well I could write: I warned you for Mr Obama and thiis would be 100% true.

Fact is: Obama has broken one of the first promises he had given. The closing of the not to be tolerated Guantanamo.

He lied, there can be no denying. Now the uncovered military tribals can “start again”.

Now how much more unjustice you like to get from your President?

Snake oil sellers

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Well if anyone thinks quality easing is anything but unsound, then I’m afraid you are beyond help.

QE means nothing more than flooding the world with more and more less valuable money. One can not see anything in
it but preparing the next big bubble. If this bubble explodes, then one will see the new cloths of the central banks. Nobody can bail-out the central banks of the US or the ECB. And those are working on inflating bubbles as much as possible.

The fed currently is the single biggest holder of bonds of the US see e.g.
http://www.chrismartenson.com/martensonreport/shell-game-how-federal-reserve-monetizing-debt
how this works.

Another impossible situation for the private sector. One issues bonds and is at the same time holder of this bonds. The US governement is big and therefor most of debts are in the hands of those having issued the debts. What a nice trick….

The usual stupidity

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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…..

Getting more credit

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now this time it’s Portugal. They currently have to offer above 7.x %. That’s quite a word. But I don’t think it will harm them. I guess
the EU will find a way “helping” out. They found a way for Greece, Ireland, so what should be the difficulties with Portugal?

Of course it will not be any kind of bail-out. Portugal surely will pay back any credit. And if not? Then the speculators will be blamed. If that does not help, some Terrorists from somewhere on thie earth and of cours the weather. I guess Portugal was just investing every cent in “highering” their dams for the warming climate. Or could you imagine that any money was spend in “dubious” channels?

Too much money

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on it’s way. Well and it comes as it has to. The prices are on the raise. Be it metals, food, oil etc.
Another push towards new bubbles will be the fact that bonds will not raise any more, and if they can not raise they will start to fall.

If you get between 0.5% – 2,0% interest you hardly will be appealed to buy more bonds. And so you will start buying anything else.

And here we go. Oils up, metals are up, shares are up. And what does the EZB, dispite an inflation rate well beyond 2%? It keeps the discount
on historical lows. Now avalanches work the same way. At first there is some snow it gets more and more and down in the valley death is inevitable.

We do not have a snow avalance but an “money” avalanche. So we all will end much worse than before. No-one of the current
leaders stands up against it. They are just afraid, and so the repeat the same fault over and over and over again…

See our Bundeskanzlering. She’s now for a european econimic policy. This means even less control through the population. Nowehere is any
treaty of our rights. We can not question nor sue the current deledefs and so it’s the deledefs land of plenty. No control, but having all EU cititzens as hostages.
Brave new world was Kindergarten in comparison.

And if you don’t comply

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we’re putting off our gloves…

Or is there another motto for deledefs or “leader”. After Tunesia the people in Egypt want “their” live. And guess what happens?

Well qu’el surprise, the leaders send out the violant forces like police.

And guess what they do not just stand around, but actively beat the demonstrants and if you’re unlucky they shoot at you.

Conclusion: Nice words are for free, the balls are for everything and everyone else.

They layer sometimes is a bit thicker or thinner. Examples for violence against the own population can not just be seen in the underdeveloped country, Just see a few photos films from Stuttgart 21 and you see Germany is not better. And that with our history….

We still are a rats pack of obedient cowards. All kinds of secret police was perfectioned here. And still we believe in the “good” nature of a fatherlike country….
It’s as if we’d free every murder or worse, give them the guns and ask them to “keep” the public down…. It seems you just have to ask a German to be a jailor and he/she does whatever barbarous ones wants. It’s probably for something higher….

Shame on you/shame on us

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Well there’s the old saying “Trick me once, shame on you, trick me twice shame on me”.

I guess it sounds a bit different in the ears of deledefs. There slogan may be.
“rob you, shame on you”. I have written about the surely illegal actions for Greece and other failout-countries. Fact is the treaty from Lisbon forbids
bailing out, but the deledefs do not care.

Now Greece has even betrayed everyone and corruption is all around. So the money was sunk. I still is going on the billions for “saving” Greece are “gone”.
The debts still are there, now the raid starts again. This time the debtors should accept lesser debts. So fact is Greece has betrayed, the Greek have robbed every single EU citizen and now we should honor that “betrayal” with accepting lesser debts. So again wrong is right and right-doers are wrong and have to pay again. This is “justice” in EU sense.

As written, we rob yous still you are guilty to not support us”.

They know they are wrong-doing, but instead of doing the right things, they put more pressure on everyone and do everything they can do
higher the probability that the “nation” will stand up against them. They restrict freedom whereever they can an build higher and higher barriers to not get prosecuted…. That’s the “nations” pride!!!!

What kind of world will our kids see. A world in which betrayal is honored, right doing will get punished. A world where honest work is not honored, it only is a mass for the arbitrariness. Still they will not get any value out-of-nothing. There will not way of printing oneself out of misery. However those having still left some property will have to pay again and again and again…

Let’s talk about democracy

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Would you agree if I asked “We all are “democrats” ….?

Do you?..

Let’s see what it means. Democracy means some figures are the “majority” and can decide for all. So let’s talk our “beloved” Germany as example. We have around 80 Millions men in here. Let’s be generous and assume 10 000 000 millions of them are children. They are excluded from every vote. Let’s assume 5 millions are divere foreigners with not voting rights here. So we’re down to around 65 millions. According to the BNN here in BW around 7.8 millions are allowed to vote (with around 14 millions living here) so with all means let’s assume just half the living beengs here can vote. Now how’s it with the majority than?

Now it gets worse. Just around 2/3 of them reall do go voting so we are down to 40 * 2 / 3 = 26.67 millions. Majoritiy? Now let’s see the last voting result CDU around 35 %, FDP around 15% so over all 13,33 millions.

So 13.33 millions do decide for 80 million people. Well I can not see a much poorer picture. Just around 1/8 of the men here, can decide what to do. And it’s getting worse it’s not possible to question their doings. Laws may be abiden , but maybe not. And if you think it can not be worse. There is not way for more than 300 million people to questions the doing of the EU. Because the EU is not a democracy but a partycrocy. (will say just parties of the diverse countries can decide) and then we go down to all member of diverse parties. Which “rule”.

I’m afraid we are have to live after rules from a few thousand people. With hardly a safety net to prevent them intruding our private lifes. These few thousand people have taken all of us hostage and a big machine to shelter them from us. They give orders to those under arms and well they make laws we have to abide to but they don’t. In Germany many laws are just for the “non politicians”….

Even if we’d have Saints as “rulers”. There is the all present threat of using force against you. They make the laws and they own the guns. They will come to your house take and inform you. Well sorry, but this country you own is needed by the “public” you better be prepared to loose it. Oh yes you can try to fight them, but fact is they have stolen things which were owned by the disfunkt GDR. But the original owners did not get back their property. Another always present threat is simply “go-to-jail”. You won’t abide to pay your taxes -> go to jail, you do not want your children in a public school -> go to jail.

So is this a desirable way of “living”. I’m afraid I disagree.

The base of all living together is to
1) abide to the property of anyone
2) contracts.

If you than just add one simple thing. “Don’t do to others, what you do not want to be done to you”. And we are fine. Current politics means “I know what’s best for you and you better follow”..

So is democracy all that good? I happily conclude: “No”. It just can get a bit better if you always can request the actions of your politicians. We do not have this extra in our Grundgesetz, and the current deledefs do no allow us deciding upon our constituition. (Believe it or not our Grundgesetz is just a provisional arrangement).
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déjà vu

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Who does remember?

http://fdominicus.blogspot.com/2008/10/they-are-raiding-again.html

 

Just a bit over 2 years ago. Paulson demands 700 billions to his disposal. He got it and the US sunk a few other trillions in “bailing” out.

 

Now see Baroso and Trichet. There is an illiegal safety chute for the EU (up to 750 Billons) and what do they demand?

 

 

 

 

 

Guess once.

 

 

 

 

 

Guess twice

 

 

 

 

They (Baroso and Trichet) fear a much more stressed Euro. And it just can be relieved by getting

 

 

 

Guess once again

 

 

 

mo’ money

Insanity ? Sure. sustainable, no. Good idea? no, Will they get the money, you can bet they will.

 

 

The ever ending story?

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I wonder when will we be relieved? Will we ever see the day where debts will not be glorfied? Will we ever come back to serious earning money by providing goods and services, or will we also get
hindered by bureaucrats?

This time Portugal has successfully raised new debts. Is this a success?

Well I ask you if you have 100 000 EUR debts and get another 10 000 is that a success?

Too much debt is the disease not the cure, but who but austrian oeconimics do get that.

I’m sure, the country first to ban debts and introduce real money, will be the land of plenty for “normal” people it will be hell for “bureaucrats , politicians” or short deledefs.

What land of plenty would you prefer?

what else? ….

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debts again. This time it’s not in the US (they are just facing bankruptcy, but don’t worry. they will raise the allowance to make even more debts) but the EU

 

This time it’s again about the PIGS  states. Ireland has taken somewhere around 70 billions, now we have to see what Portugal will take. Of course with the usual tam tam. The have to save and the harshest  sanctions will take place if they will not do this or that or whatever.

 

You know what this is worth. It’s not even worth the typing I do for it. More debt as cure to too much debt. It’s the same old song, we’ve heard for years now. And heaven forbid if we simply allow Portugal to get

bankrupt. The world will come to a grinding halt…

 

 

If it comes to debt

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nobody can beat the USA. The unbelievable sum is somewhere around 14 000 000 000 000 (14 trillions) the new debt every day is a around 4 000 000 000. That are new debt
of around 1 200 000 000 000. And yet it’s not “enough”, As we learned Geither wants the “right” to make even more debts. It’s interesting, a problem caused by too much debt trying to heal
with even more debt. And we are talking about the “official” debts, one can not even imagine the diverse hidden debts. Fact is if the Chinese will start selling bonds, the USA is “finished”.

And yet the live as there is no trouble nearby. They initiate programs which are unpayable. But they still pretend it’s “social” justice. I guess it’s very “just” if we head for another kind of civil war. Not ever in history there was so much debt out there, which lacks nearly any substance. Sure they’ve build houses like mad and what has happened, they are unsellable. There are regions where you can buy a house for few dollards, but after that comes the gruel awakening. You will get taxed, you will get taxed like mad. And this is “just”? California is bankrupt, and still they are doing as before.

I wonder when they will see that debt richness. Some of the deldedefs are dreaming of the “perpetuum mobile”. It does not matter if money is backed by anything it’s just important to throw out even more money at every problem and steal it from every living men in the US. They think people are so stupid to never realize that debt wealth. And yes the grow up there own lower class, because we know democracy is great and equality is even greater one men one vote is the “most just system imaginable”. If it means having the lower class vote for oneself because of benefits…, than it’s an easy deal

Make saving a “stupid” thing, make debts the “real” thing, tax away hard working people and give it to the spongers. And because you do not want to have it that obvious introduce a new bureaucracy which
has to look after the sponger, and say you need this bureaucracy to see that they do not live on expense of the others. This is to keep the honest people calm. Or even better try to make them all addictive. Addictive to the benefits of the great fair nannystate. Give those left right-doers the impression it’s them who are guilty of any poverty and that just the big government can do anything about it.

2010 from a liberal point of view

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Well now this year is nearly done. Let’s see what has happened with freedom and responsibility.

1) Obama has got his Obamacare which means force and new bureaucratic hurdles. Shell will be saved by politics… So by all liberal means, this just means freedom was diminished

2) the EU has introduced bailouts for nations. That means written contracts were broken deliberately. So another disaster

3) The central banks have made money cheaper than cheap. If you save money you have lost value (again)

All has worked against self-responsibility, the thieves saved themselves with special laws and or have broken them as they like. So one can conclude arbitrariness has grown again. We still have no money of value just more fancy nice confetty, just they (the deledefs) name it “money”

It still can get worse in developed country if one sees the judgement about Chodorkowski. It just shows what we can expect. The Deledefs will make more and more laws and breaking them will get punished ever harder the harder the grip on freedom. The newest attacks on freedom will probably driven by

1) Fear

2) Uncertainty

3) Doubt

1) Fear is easy done, just tell the people that while not following the politicians indescribable bad things will happen. Every new terror attack will be instrumented to surrender more and more to those “who” know…

2 is even easier. Just introduce new laws and make them very soft. Nobody will know if one is within its bounds or not . Add the possiblity of “instructions” to it to the bureaucrats than you still can be sure people will get more unsure

3) doubt can be more or easier achieved. If you have uncertainty doubt will raise without further “work”. However as a prudent politician you try taking away doubt with just a few words. “We don’t have alternatives”… I bet this will be one of the most stressed phrase in the near future.

So I’m afraid this year was a disaster for freedom and it surely was against anything just remote connected to liberalism. A few more such years and the breakdown is unavoidable.

to bubble or not to bubble?

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this is the question. The Dax is up around 1000 points that are roughly 16,67 %, let’s see what the Dow has done:
up around 1000 points also that are roughly 9.6%. Well let’s see Gold: roughly up 300 EUR from 750 EUR beginning of the year, that are
gains of around 40%. Now is Gold a Bubble? Well it very depends on your point of view. Unfortunately neither the FED nor the EZB, show us a graph of the
money expansion and so we must deduct it from second sources:
http://www.goldreporter.de/wachstumssprung-bei-geldmenge-m3/news/545/ states that M3 grows was beyond 13% in 2004!!. So with all the buying of bonds, one can assume that M3 has grown beyond that limit in 2010. So we never will know really. How much money was generated out of the blue during the last three years and what’s the development of the prices. It could be that gold is a bubble, but it seems more likely that money was bubbled much more. So if we just assume a growth of 8% of M3 in 2009, and 2010. We should have seen a raise in the BIP of at least that much. This has not happened, and so the question persists where was this money spend? It seems very likely the distrust to paper-money has driven many people to buy sliver, gold, platinum.

Now we can bet on the next years. There is not strengthening of money policy in view. Bernanke just wanted to buy another few bonds at or around 600 Billions. in the EU the discussion is on to introduce “Euro bonds”. That are bonds backed up by the EU, backed up by different countries. This suggests that money supply will be plenty the forthcoming future. So I’d think we see another raise in all kinds of assets. (real ones not that funny junk bonds of any EU country or the US).

Where will this bubble end? Well we have learned in 2008 that there is no one-way street to higher prices. And we all know that even the sky has it’s limits. So either the central banks start contracting money or the bubble will burst with a loud bang. I’M very pessimistic that the central banks start acting responsible. I bet they fill follow the lead of the Japanese central bank and government, which now try for more than 10 years printing out there way of their recession. The result is that Japan has the highest rate of debts of all developed countries. And still it does not work. No-one is surprised but the Deledefs and it seem they believe the only way out of debt is collecting more debt..

Well this will not work and if the money bubble will burst, you hopefully have something of real value to trade or pay with. Gold is but one instrument. So I expect an extra raise of the gold price. And I expect it to inflate even stronger the more the central banks try to print us out of this crisis. If the gold prices starts cantering, all bets are off.

I really am curious which country first will draw the correct conclusions. The country which will end this fiat-money madness, will gain everything, people, money wealth. All others will end in misery and this misery has meant war in the past….

The new “way”

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in old times we had dictators. Now we are a bit beyond we have the welfare state. Well it’s not that much a difference. At first the diverse parties have the saying. In Germany we have 4-5 parties and just two which have come into existence the last 20 or so years. The others all keep “social market” in their names in their Sunday prayers etc. But the all established the most perfidy system in the world and they sell it to us as “without alternative”. It’s the fractional reserver system and on the top are institutions like the FED, EZB etc. They all do but one thing, stealing money from everyone. You don’t believe me. Well then let me ask:: “What’s inflation” how comes that a US Dollar from just 100 year or so ago is just worth 4 ct.? It must be that way, well that is what they tell you. But it’s no secret they lie openly and not so open. This is still the biggest lie ever invented and hold up. There were times this would be named theft but not since the first world war. From there on we just get fancy colorful paper, no “real” money was seen since….

And because they have win some time. They can buy with self issued money whatever they like and worst, the central banks buy bonds. And well bonds are an asset aren’t they? And if you have an asset you surely can print another few colourful notes, don’t they? The illusion that it still has some worth buys them time. But in the end we are will pay dearly. but the bureaucrats and politicians. If all will break down and no money will buy you bread, than it’s time for them to establish them as the saviors of the world. They will steal it from those having acted responsible. And so it starts again. At first they will see that markets will be allowed to function again, then comes the tax. And then the promised of the land of plenty. build on debts or worthless money we are doomed to accept as real money. And the round of booms and busts will start. The sums will get absurd and they will alway tell you “Oh no problem we CAN control it.

Believe them and you will pay not one, not twice but forever. See what you have to pay for and see what you really need, draw your conclusions and be wise enough to not buy any bond from anything related to government…..

It starts with

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PC (political correctness), then comes the phase off “the democratic forces” than it goes over to voluntary self-control.
Then it’s blaming everyone not for one self to be “undemocratic”, then comes the end of freedom of press. And from there on it’s not a far way to
the army of National Peoples Army, then comes war, after war just one thing “persists” the oppressed market.

Does it have to be always that harsh. Is it really a good thing to follow this path again and again and again. Germany is currently in phase 2 – 3.
The press just writes about some people “fighting” the attacks of the market. Now Hungary is a bit beyond the are on exterminating the press.

It’s not far away to laws for “Rassehygiene”. Maybe it will come the time where you just will see “Arbeit macht frei”… again

Great news …..

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for all defrauders or deledefs, the safety chute for the european countries should be made permanent. Yes you know it does not cost a thing. Just any welfare accumulated over time and new playgrounds for laws keeping the bandits safe. Yes it is practical to not have any democratic control, and it’s very convenient that European citizens can not sue governments easily. Especially if it comes to such simple things like expecting that laws are for everyone. Well they are just a little bit special for all politicians. I’m really fed up with this rat-pack.