Libraler/Libertärer und pro-kapitalistischer Blog, umbenannt als Homage an "This time is different". Schreiblage: Von locker über ernst, ironisch bis sarkastisch und manchmal nur noch makaber. Ab Dez 2017 auch 'The next money will be different' integriert
Works like a charm…. – well not really. I guess you are not suprised to read that. It’s was so obvious, but no ” this time is different” -as usual (not).
So they learn again that socialism just works a few years and the longest for the “elites” of the leading party. But in the end there’s nothing left, and if you can’t pay your supporters any more they support vanishes like snow in the sun.
So yes I could write. I told you so, but for what good is that? I feel the pain of the duped people, I know it will get much harder just to survive, and you see all you saved going down the drain. It’s just so depressing, and well it hits the supporters as well as the opponents. But of course it’s getting harder for the later first.
And so we know how it will end. Poverty for all, but a very small group at the top. Do you expect the president will go to bed hungry? Do you expect he won’t be able to leave the country as he likes, do you think he’ll keep his property just within the borders of Venezuela?
“There is a lesson to be learned from all of this, and I think it is a very important one. When it comes right down to it, any government â€“ not just the Argentine government, but the US government as well â€“ will simply do whatever it thinks it needs to do to keep the status quo intact, with no moral or ethical considerations.”
Really isn’t that the state of government world-wide? Isn’t that nearly always the state. The states are the biggest thieves and wrong-doers world-wide. All the past wars were about one state against one or more others. And the biggest defraud ever established is the world wide dominance of fiat-money currencies. Nothing does more harm to every men on this planet. Just a few are a bit more in the abyss but the others try really hard to follow straight….
This supranational absolutely useless and indeed damaging organizations, with standards hardly bearable for any honest men, are the “hell on earth”. They do commmunicate with dictators and those promise the blue from the sky, get their project and tons of moneys and that from the poor indoctrinated people, of te developed countries. And then it’s get really absurd if countries without anything like civil rights judge about countries which at least have them…
you american politicians. You’re short on morality, and short on money? Well I can’t help with the morality stuff but I can with the money stuff.
Watch what the EC (finance) debt ministers have done. It’s so easy just steal from the bank account holders. You maybe have 17 Trillions of debts, but don’t be afraid. I’m sure the Americans have much more in their accounts.
So do it as the Europeans. Just with 10-20% of stealing you get rid of all the debts you have. And the circle of new debts can start again.
Two entries on the zerohedge log:
and one that leads me to:
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?
If it wouldn’t be so serious one could sit back and enjoy the show. Anyway the US democrats and republicans will simply raise the debt barrier again and so the so called fiscal cliff will just vanish like snow in the sun.
Nothing will change, the fact that the USA is bankrupt. Not just in the tight sense of having nothing more but debts. But even in moral standards. The wars are unjust, the surveillance against the civil rights. The FED is an illegal construction and the green-buck with being backed up by something like gold or solver a sham.
So the system will break down. We do not know when and how. But it’s now unavoidable. The US with just 5% of the world population just stands for 42 % of all the NEW DEBTS. And every year now there is a deficit beyond 1.2 trillions (Yes I got that figures right).
So what we see is the last and biggest credit expansion ever. There’s nothing but too much money, and it helps the defrauders to expropriate those which still do have something of some value. The payments for the bank workers have nothing to do with fair payments. It just shows the owner have not way on stopping this Bankster. The bankster also have the advantage of the politicians on their side. (Who else should take the new debts) and the worst problem is absolute central the central bank FED. She will got down the drain and take the state with her.
Maybe the citizens will keep away the power of the parties. But chances of that are slim…. Maybe the go back to the core of the constituion, because one thing is for sure, the Deldefs and bureaucrats have broken it…
to read the comments on price development at least for Gold. I tend to day it does not make sense at all to expect anything of worth from stock “experts”.
Can one talk about a down for gold if it’s moving just 0.5%? Well I think no. And what’s worse, this opinions must make your head spin. Ask yourself has anything changed
the last two days which really can have any big influence of the prices?
Well Greece will get more money, money that we don’t have and if the states want to give it away they just can do on one way. More debts. So again we see some new bonds in any form
and well these bonds may get bought. At least not from me but that’s unimportant. Some banks probably will add some “risk-free” bonds of states to their bad debts of states. We have not heard of a bigger QE or the like and so not much has changed really. And indeed the prices just floats around a bit. That’s it.
And still you can read “cut back” for gold, the other day it’s gold on the raise and the explanations are not even a thing worth laughing. So just ignore it and ask yourself a few question. Do you think money printing does matter? Do you think the debt crisis was solved at least a bit? Do you expect the states doing something or nothing. That are the base questions.
I for my part have answered the questions this way. Money printing does matter it inflates the money base and will lead sooner or later to devaluation of the currencies. So if you want to save your money somehow you probably are not doing much wrong with some precious metals. It was nothing solved also. The debts are still raised and the stupidity of believing one could fill one while digged by debt with other debt is as insane as can be. However what I don’t know will the people consume much less? I’m sure the privates people will I do not expect anything like saving from states. They will raise the taxes for their endless appetite. for money. So will the bankrupt distort the currencies immediately or later? We simply do no know. But we do know Gold will always have some price, it scarce and people know that gold is money. So still some precious metals are a good idea. Now will states stop interventions? No they will not, they will extend the “control” (well as I wrote yesterday or so, this is just the imagination of control, states can not control much theses days) The sheer amount of debts is devastating. So what will happen I can not imagine a sane approach. So I just think the money printing will get on and so I’m back to “the case for gold”.
I’m quite sure they will consider making private gold holdings illegal again. But don’t think this will happen world-wide and still in this case I have at least some “confidence” that the highest courts will rule out the expropriation. That may just be wishful thinking but it’s the only chance we have. So having gold in your own country and abroad is proably one of the better and more intelligent things to do and have. And if you see it that way there is no excuse not having at least some gold. I have take my share of it, and I speculate that I’m right on this. Well I base my confidence on the work of the economists of the austrian school. And I think this is the safest bet you can have. Nobody else has pointed out the maniac behavior of the states and all they told and written has come true. That’s now true for more than 100 years, and as long as man has to do economics, this will not change. Yes agreed they are not explicit pro Gold but they do know Gold has worked as money and there’s not reason that is should not in the future… So do you want money? Take gold or other precious or not so precious metals.
on how to escape the greedy hands of states. It would be:
Don’t buy any bonds of states.
This is what you can decide, an no state can force you to do it. If you think the bonds of states are safe. You really do not have lived and read anything the last
4 years. Then I just can tell you, go ahead, buy your “safe” state Bonds.
Anyway if you have seen the actions of the last few years, you have no choice. Any bond you buy is a contract which harms our neigbbor and not the state. You can beleive me there
can be not better thing to do than harm states. They will send you to war with a smile. They will name you “hero” if you are killed. Words are cheap in this regard.
So first guideline for investing. Don’t believe states, and don’t give them your money voluntarily.
The deledefs currently seem to rotate. Well this time I will not speak of the stupidity of americans to vote between two dead-bets, but the European masters of stupidity.
Europe should guarantee the saving deposits of their people. I can reduce it to one question: With what? They do not have anything of substance and
the only think they can is tax the people. So the deposits are guaranteed with “the money of the people”. How unreal is that.
I calculate for Germany and there 20 % of the deposit holders own roughly around 3.2 trillions. And our official debt is a little over 2 trillions. How much more unreal can things get?
If every German would hold a saving deposit the guarantee would have to cover 8 trillions The complete deposits of all Germans are a littel over 4 billions. How much worth can this “guarantee” have?
If 10 % of the top deposit holders would request their money from the banks, the game would be over. So you can see see rich are very social. They let themselves get robbed and still
hold together all the crap….. I wish they would end this farce…
Oh it was another wonderful day of surprises (well if one can still be surprised)
A bank is in more than knee deep trouble. And surprise, the CEO of this bank has asked for a Bad Bank at the beginning of the year.
Surprise, surprise, the politicians play a major role in that bank. And surprise an insolvent bank is taken over by an insolvent state from Deledefs which have
driven the bank in insolvency. Surprise.
But that’s not all, the diverse institutions of the EU burn money, surprise. Let’s see most of the EU is not been voted but “established” from surprise the parties in the diverse countries.
And guess what the EU wants more money to pay their bills, surprise.
You can see the world is full of wonders and surprises.
Well we learned the Greek do not want to pay their debt any more. Ah well it fits.
Who cares about contracts? Who cares about saving in time? Who cares if the states sprawl epidemic?
The socialists of all color are at work. We know that from the diverse books ob von Mises (in this case Bureaucracy)
And with too man of them (as e.g in Greece) the arbitrariness comes
It’s clear that if you do have got paid from states (which means someone else has to pay for you, without the need of any delivery from your side), you
like to keep it that way. And so if you go to the vote you will not choose for those “taking away” from you. Oh well yes who cares?
Promises, light money, deledefs, central banks every part enough to send you into default.
Now I’m interested how the other defrauders will act. Saving? Come on let’s be serious., that’s nothing deledefs can. They just can take more from the productive, burn more money and
grow like pestilence. You see the actions. Nothing really way saved, au contraire, the debts have grown even faster, and the levels of bureaucracy are still increased. Oh “yes” that’s what we need more thieves.
And you can bet the laws are getting worse. It’s more and more a means of oppression, it’s not to save the individual of their states, it’s to save the states for their people. It sucks very badly. And the states or nothing more than crooks. I hope they will have to pay their debts and misdeeds this time. (I know it’s more likely that hell freezes over)
Well in this case I will link to a blog in German:http://www.rottmeyer.de/von-sparweltmeistern-und-anderen-erfolgsgeschichten/
The Irish government has started to support renters. And guess what the prices of renting do not have fallen as much as the prices for houses. That just means the state subsidies do prohibit falling prices on the renting market. Or the other way round the not supported renters have to buy higher prices than they must.
Now if you are loosing your jobs, you may think about cheaper renting. But if you are not supported you loose.
And someones else has to pay the subsidies, that sucks so badly.
Maybe we see the end nearing. The debts worldwide were soaring the last 3 years and still there is not relief.
It can not come as a surprise to the austrians, liberals or libertarians. What we have seen was and just is “credit expansion”. The central banks manipulate everything and
so we do not have any idea any more about “prices” for money. Just remember what I wrote some time ago:https://mises.org/Community/blogs/fdominicus/archive/2011/09/08/who-could-be-suprised.aspx
Feel free so just search a little through older entries and I also suggest having a look at: https://mises.org/Community/blogs/tincho/
I also wrote about what one “should” try. There is one problem which will bite you whenever you are just having money in one country. This money is prone to expropriation. Especially worse is it for countries nearing the default or being in default. Greece should be a warning for every one. There are now at least 3 levels of creditors. IWF and ECB as “primary” creditors, ECS has not suffered any losses (all the papers bought were change to papers with the same nominal value), then come banks (they were partly bailed out, either through ECB, FED or other central banks and they could probably keep there looses below 50 or so per cent. Then comes the private creditor. They had to suffer losses beyond 80 %. That’ s what will happen world-wide. If you think this well be a Greek specialty, think again and doubt it. If you believe the Fed, ECB or whatever political power will not do the same, you can start burning your money immediately.
There will be always problems if you are just “invested” in one country. The laws change and nobody will grant you anything. You own government does not shy away from robbery. So if you have all your property in your country they will get you. So be suspicious and send your money overseas into different areas. It’s unlikely that you will loose everything at once following that route. But be cautious, one larger country getting into default will have implications on other areas also…..
I just am astonished, there are more and more jobs on my “don’t” do it ever list.
I’m obviously completely lost as politician, because I do not want to rule (and to be honest I do not want to get ruled either)
I’m absolutely not suitable for any job where my payments would come from states. All the time I’m just thinking on how to get rid of those “people”. If I just see anything which does harm the Eurocracy and our government I’m quite happy….
I could not even imagine working e.g for the EU. It would be as if I’d betrayed myself beyond all hope. Anyway I sometimes feel I have to
try getting active in politics just for a freer life of my children. But I’m also new that my ability to lie is very limited. It always have served me well to be
frank and straight. There are those who can’t bear that, but I’ve to say I do not care.
I wonder how one can move something in politics without joining this circles? Do you have suggestions?
Well times they are changing ant it seems the car manufacturers are entering really rough see. The selling in February are down to a minimum
back to at least February 2003. So indeed we know we’ll see what will happen. If the sellings should be that low through the year, I bet we’ll
here of a new round of subsidies.
Why do I think that, well we have bail-outs for banks, states etc. and we had the paying of 2000 € back in 2009 or so for buyers of new cars. And
we know that there are markets and banks and there are system relevant banks. The former can go out of business, the later shall not.
So I guess this will be after the markets. A new play ground for politicians and a new incentive for the mangster (manager + gangster) to start
getting system relevant.
As we also have learned with Greece, the bail-out are not to help the Greek but to help banks and insurances and pension fonds. So yeah it seems we do
not just have system relevant banks but system relevant insurers. So why stop here? I guess sooner or later we’ll get system relevant car manufacturers.
And quite a few more, till we all are system relevant but could not be “bailed”-out any more. Gods moves may be mysterious but the way of our
good-doers are very obvious. Poverty for all with the double-speak saying “wealth for all”.
Well the longer the crises lasts, the more obvious it gets. Our banking-system is a sham. It allows banks to
generate money out of nothing and even worse it allows defraud on the banking customers.
You don’t believe me. Well then let me ask you just one question. I fyou are holding sight deposits, will banks lend them?
Yes they will that means they are lending money which is not their own. And this means also if every holder wants to get his/her sight deposits, the bank will be bankrupt (bank runs)
And does government anything against this defraud? No it is supported and backed up by them and so we get “gurantiees” on our sight deposits. but not fully oh no, just around 100 000 whatever.
That means if you are holding 200 000 in sigh deposits the guarantee is just well half of YOUR money. That’s a crime
And banks do not have to care for customers, they just have to care about central banks. And guess what central banks do. They just generate another round of money out of the blue.
Or do you think the 1 trillion of new debts here in Europe are covered by anything? Well think again.
Overall this system is fubar. One can not expect it to work and it is unfair from the ground up. You can not build trust on such kind of ground. But hey, the deledefs know better and you just have to believe them…
For me it’s more likely to imagine hell freezes over but believing any deldef or central banker….
Well as we all have learned from our deledefs. There is no inflation. So well yes, that’s what they told and tell us. The FED still is printing money like mad but that’s not inflation that’s QE.
Anyway have you checked your personal inflation rate? What were your findings?
We’ve q big taboo zone here. The government does not even try to calculate a inflation rate. They even manipulate the data and differentiate between core inflation and other inflation. Guess what
food and fuel is not included in the core inflation. They have their reasons for that, because taking that into account would raise the inflation considerably. And you know it can’t be what should not be. So you do not have inflation. In other words, they lie at you again with a straight face, and giving you the impression of being a mad men. Well fact is they are liars and cowards. One does not know what’s worse but they really
want to tell you: “You are stupid and we have everything under control” The have not.
Fact is the manipulation of inflation rates and unemployment rates have nothing to do with reality any more. It’s data which they think they can give us without us freaking out. But in the end it’s just another big lie on their dung heap of lies. Again I ask you why do you still believe them and are still voting for them? Can’t you stand the truth or are happy to be lied at? I just suggest you keep book of your expenses for a two years and then you can see how much they lie to you. Maybe it’s time to concentrate of the constitution, there gold and money are used interchangeable. That’s the right thing, that you get your deledefs away with their fiat-money is your biggest mistake. Don’t you think it’s time to leave this mistake behind?
The only way to get rid of those liars is not vote for them but anyone else. I propose you look after a liberal one. With record of it’s liberalism. And do not forget. He/she should support “end the fed”. Without sound money you will not have the slightest chance of recovery. It just means some take from your without any service in return. Don’t believe them they give back, it’s just another lie.
I guess it’s nothing new for someone having read Hayeks (“The road o serfdom”)
In a hard fight to get into it: Europe and the US. The current newest strike comes from Europe. The “politicians” name it “fiscal union”. It does not mean more or less
that national parliaments can (and must be?) supervised by some european well not parliament. It’s not spoken about it, but well some eurocrats. It seems the preferred solutions
are the chiefs of the countries without a way that they could be voted for. (Well very indirectly through some votes in the diverse countries)
But what is a vote good for if the laws are changeable without a way that one can ask for the responsibilities of the voted? I don’t know. But Hayek had known. He explains the road to serfdom and one
could think it was a blue print for the current political ways. Too many in Europa and US are not “supported” by government and so it’s not talked any more about expenses. They are caling it rights.
Rights for this, rights for that, But in the end it means. Everything of you properties belongs to the government and it’d decided there whose deserves what support. And it means stealing from those
still being able to work and support themselves. But what freedom it is if you know, the harder I’l the more will get stolen?
You can read this blog right from the start, and you’d see the patterns and warnings. By every mean we’re fubar. You must look outside Europe or the US to find a somewhat less influential government. I’m afraid there are just a handful of countries left in which property rights are “enforced”….
Now the next German Solar supplier will probably go bankrupt. And what did I post yesterday? Which itself was quire some “old” stuff? And burning money what did I calculated there.
It’s depressing to see your money (yes I’m one of those still paying taxes) burned that way. Now if I would have invest my money with German Solar panels suppliers and started with this investment just 6 years
ago and would have held till today I would have lost > 97% with each. Very sustainable. Now I do have done that and still I have to pay for the panels on the roofs. But as you also know I placed some extra on my roof also I mentioned it How to maximize damage to states
I hate to say it, but it’s kind of war time its defending one’s one property against theft, robbery, and black mailing. On the other side are the states and their workers.. It’s a shame.