Schlagwort-Archive: liability

Let’s check

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how is our race to the bottom doing?

  • Greece is on it’s way to yet another default.
  • If my calculations are right (see: http://fdominicus.blogspot.de/2012/05/ist-blodheit-ansteckend.html) then Spain has to get new debt of 33 -¢ for every Euro they spend. New debts (officiall numbers) around 34 billions. Now they have to offer 6.5 % for new money. How “unfair”
  • Extra implicit debt of the USA 200 trillions. That seems to get a tough one

In short the race is almost run. Currently leading Greece, Spain, Italy. But the followers are not that far of. And what do we get from our politicians? “Everything’s under contro” and yet (strange enough) the new suggestions for “solving” the problems are following in a minutes distance. Could it be that “panic” time is starting? All the suggestions just complete the mess. More power, more debt and more regulation. That’s all there is, be it in Euro Land. USA or China. Just see some newspapers or probably better blogs….

Do voters appreciate honesty?

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I’m wondering, is this the case? If one sees for whom they voted, it seems the answer is “maybe”.
AFAIKT Obama has lied. He promised to close Guantanamo but still this violation of human rights is still functional.
I do not even start talking about his slogan “Yes we can”. The base is Obama has not shown any particular strength in economic knowledge.

He still believes in the magic of the printing press and has nothing to show for paying back the few trillions of debts of the US.

So overall he has lied in more than one way and still one considers voting for them. That means honesty is not what is expected from Politicians.

But if one prefers to be lied at one gets only liars voted. Will this make your live easier?

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.

My dislike for Obama has grown again

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Well I was one of the few in 2008 which were writing against Obama. I had my reasons for that and I just mention a few things
– ObamaCare
– Tarp

Now there was one thing I thought he’d be doing better than anyone else before. Talking to other politicians. But he proofed me wrong.
It’s corporate America, than America an last and least Americas people. Just so much the US have started on a path of unsustainability.

Political decisions have forced the diverse banks to a fatal expanding of granted credits. The FED has fueled this with “100 dollars a dime”.

It’s interesting that the money was lend from all-over-the-world. So in fact everyone having bought an US bond has fueled this “rush”. People which have lived
within their bounds, we’re frowned upon. In fact they did everything right but then the politicians made them pay like crazy for gamblers.

Now we know this history. Now Obama does the following he starts to attack China and also Germany because of the status as world champion exporters. So in fact he now want that the Chinese and Germans buy like mad and follow the path to distruction. It’s also a fact that corporate America has out-sourced whole industries. America currently can not even produce computers. This ist done nearly 100% in China and Taiwan, there status as exporters is well neglectable, in comparison to their number of inhabitants. So what does the world buy from the US, first and foremost it’s software. They surely have an advantage here. Well Boeing is faring quite well also, and I guess americas exports of weapons will be might impressive. However they are not “free” in any way, they draw borders for everything, just see the decisions to not use planes from EADS (Airbus) and instead changing the rules of the “bidding” during it’s run. So everything is done and decided to mostly support the “biggest” gangsters sorry company CEOS….

So first goal is help corporate america, which then wil help americas politicians and last and least maybe the american people. So Obama has proofed over and over again, what he is. He is a politician for a small circle, this circle consists of the us politicians (sorry deledefs) and then a few big companies. That BP has make him “freak-out”, well how bad would it be to not have BP any longer but a “little” bigger Exxon or whatever other company there is.

And also remember the politicians have drawn a liability line of around 75 000 000 for environmental damages. So well you can see Exxon surly looks like “a darling of the US deledefs”. You might consider the implications of that…. See the decisions to support bankrupt and “more” than less corrupt banks. See how the Tarp money (just arouudn 750 billions) just have vanished like snow in the sun. Just see the sky-rocketing debts of “politiccal” america. Just see how the have “helped” GM, there is not one proof that Obama has decided to advance the really honorouble people. They just were taken a hostages, fair enougn the “new boston tea part” was established, I just can wish them all-the-best. The US must get rid of their current ruling circles….

Who is to blame

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for the oil spill in the gulf. Well yes BP is the main reason but, the governement have decided after the Exon accident to limit the
liability to around 75 000 000. Maybe anyone can tell me why that was kept so low, the refineries earn Billions a year. So why
should they not be “fully” liable for such dangers. If they’d known that they have to pay dearly the probably have though about avoiding
such leaking. But well if you calculate with the above figure….

So the liability was put on the tax payers at a whole, but the profits were “privatized”… So again a nice example on what moral hazard really means….