Schlagwort-Archive: stealing

When freedom is just a 7-letter word

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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

Whatever will come out of it

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will be a catastrophe.

I don’t know how many times we now have to read about “saving” Greek and the szenarios get more devastating with evey try. Just for the flat lie: “We must save Greece otherwise hell will break loose”

There is not other word for that than black-mailing. I wrote about it yesterday and now it’s that all politicians do it. And that is so disgusting, that no word really is unfriendly enough to describe that.

The possibilities are obvious. Given another round of this time more cheaper credits to “buy” older more expensive credits back. Even that can not work. If one does not sell one’s bonds, one has will get back 100% of it, but in a default. One can say well if I can sell now for 50% of it’s value I’ do that. So be it but there will always be people not doing it. So what?

So in fact there is no way to get out of it without defaulting. But even then the papers still are “valid” claims. So Greece will not get any money from the capital markets and still is unable to get along without any other debt. They will need transfer payments and this just is illegal. There’s not legitimated government in Euro land and sorry, we see it everywhere transfer payments simple do not work. The only way for the Greek is, cutting down their expenses to their income. Anything which does not follow that is just stealing. We will not help them while taking more of their expenses on our invoice.

I’d put no pressure in any way on the Greek. I just would deny them any further credit. There is no “right” to get credit in any law. We can help if they want but for that they have to take the first steps, we just have to wait. If the actions will be sound, people will invest in Greece if not, so be it. It’s their land, ain’t it?

Here’s what I think will come from it. They will tell us Greece will get the hardest imaginable conditions, and that it’s our duty to help. Otherwise Greece and short after EU will get to hell. We’ll offer another few hundred billions for them and will hear there’s no choice. We’ll hear that the private sector will have to bear some of the costs also and they will look into the camera with puppy-eyes like a dog. And say we fight for the EU citizens against the speculates. We have to ..

The have to because they are absolutly clueless or even worth they do not want to miss one strip of their power an dictatorship. Bastards is much to friendly phrase for them, they are looters, and sorry I can not help it assholes.

As expected

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It seems I got that right in my last entry. Over the weekend they are facing for a “smaller” solution. And it hurts like nothing else what they’ve to give in
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Charade

2007 there was a debt of around 60% of the GDP now we are beyond 100 % and what’s the “solution”. Raise the ceiling more debt. Still burning money in enormous quantities and suprise, suprise the QE does not have worked. The People keep their purses more shut than open. But one exception. The banks again are making tons of money.

Not while they serve their customers but they “please” the government. So what has changed?

Nothing, the same people before the crisis which were not able to get income and expenses in sync are still sitting in Parliament and have driven but a few quenches of sanity out of it. Yes the evil rich people do not pay enough, Obamacare was established with new laws, new bureaucracies and so we know the prices will start skyrocking.

So what has changed really?

If there is one common thing in the works of the politicians

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in the EU and USA it’s the ever expanding raise in laws against freedom and limiting liability.

As you can read also here:
http://mises.org/Community/blogs/tokyotom/default.aspx

But know there is a new negative record in the making of the ESM (European Stability Mechanism) . Unfortunatly despite search for an english version I just found an inofficial German translation.
In short: A new agency, with immunity of all in the governments boards without any democratic legitimation. As soon as I find the english version of it I’ll post it here.

Let’s have a look at laws

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I’m currently reading Bastiat the whole collection. I ordered it from Mises and it was again some eye-opener I got from them. To be honest I did not not of the austrian schoole since maybe 3 or so years ago.
Despite the fact that I studied at least some of the political economics. However Mises and von Hayek were not even mentioned. We we’re fed with some kind of Models and I remember as if it has been yesterday liquidity traps.
So I guess we were taught “voodo” economics.

Strange enough I always felt even to that time that something was deeply wrong. And the more I read from liberals and libertarians the more of my let’s call it “feelings” get underpinned with well let’s name it facts. Another thing I remember was my education for getting a farmer. In Germany this is a profession you have to learn (it took around 2-3 years). That has been in the 80ies of the last century. Yes indeed I’m currently in the, I think one can name it “middle” ages”. My father was and ever have been and ever will be farmer by heart. It was his life. And I guess if there’s a heaven my father will be farmer there too ;-). In my second and last year of this education, I worked on a farm for pig breeding.

I think this farm was near “under-water” but that’s another thing. I did my high school degree and well it was “perfoliated”. But I think I was and am quite capable of calculating with interest and run of three, yes and I think the basic arithmetics are also known. I remember to that times I had a few discussions with my father. I’d come to the conclusion that the subsedies paid to farmers is simple wrong. And to that time I also cam to the conclusion that farming had a bad earning state. You need a lot of money for a farm and if you then just get that in return what I calculated roughly it was not a terrible good idea. But back to the subsedies. My father though that at least the subsedies for farming were adequate, because one “has ” to eat.

In that regard he is fully right and nobody can deny it but we lived in times were trading was not that much hampered and so I though well yes maybe farming is to expensive in Gemany (it deifinitly is, but I just learned later that it’s that expensive because of the “laws”, with which the governments make it that “expensive”. So I was thinking if the farmers cannot get around withourt subsedies. we probably should import it from other countries. A though it would be a win-win situation. The countries with better results in farming trade with us in Germany which probably are the among the best in engine building. And to that time I just started thinking, free trade is the “base” of all wealth.

Till a few years later father and I could not agree upon it. But then after 10 to 15 years one day we sat together and he just said: “I guess you were right”. Why did he was able to admit it: Well farming has but one trait, you are in the hands of nature. You can bee the best farmer in the world, if there is a year of drought or flooding you loose a years hard work. Nowhere else this is that that noticeable. But here one “natural law” comes into play. The law is: “Don’t take anything for granted, prepare yourself for years of misery”. So successful farming means saving enough that you can “survive” one or more bad years. I now it does not work forever, but base you farming on credit and you are bound to fail. I don’t know fi the prior mentioned farmer still is in business, if he won’t, I’d not be surprised, I’d be more surprised if the first dairy farm would not exist any longer. This was a cautious farmer, which “knew”, that one has to live withing one bounds.

So we have laws of nature, and nothing can prevent them for taking place. So the first rule (you can name it law) is, no the “facts”. And here’s the big fall of any government, even if they “knew” the facts they would and do try to fight them. This never can work. One “fact” is that one can not get rich by piling up debt, it’s absolutely impossible. You just can get rich by “saving”. That means using less than you have. Governments ignore this simply fact since ages. And now it seems “the law” strikes back.

How did they manage to exploits their populations for that long?. Well part of it is that the population bears the laws and “obeys” them because they think they are good, or if not good unavoidable. Another possibility is that government has bought this “agreement” there are a lot of ways of doing that. One of the most popular are subsidies for any kind of felt or adopted injustice. You know this kind of things. “We can not work that effective because this or that get unfair advantages from xxxxx ” fill in whatever you like.

And their are the unjust laws, which allow plundering. And as Bastiat has correctly written at least some, especially those one can name defrauders, do not like to work with their own hands. They like to exploit other people and take away something from them. This unfair people start working for governments. And suddenly they are not bound for unsolicited exchange. They just have to follow the rules, decided by the biggest plunderers. Oh yes they write nice things about freedom etc. but there will be one special law the laws for raising taxes and here we got.. Taxes means taking from someone at the point of a gun and not have to “give” anything back. However it’s the law. And this law is not “natural” it’s a law devised. To make this unjustice not felt that directly, one starts talking about schools not build, streets not build or whatver and that one “must” have this or that or whatever.

However Bastiat write the only thing he could though laws have to be. “Laws are justice”. Now it’s unjust that taxes take away but with some empty promise that those taking away surely will just use it for the best of “all”. But this is not the law Bastiat accepts. These “laws” just can be named phrases for debts and thieves.

So we can conclude many of the laws are not for saving ons property but to legalize theft. This theft however just can take place because the majority of people do not feel and see this as unjust. This laws feed one of the most primitive and ugliest things in men: Envy. It seems most of the people fell it is “just” to take away from the rich and the government workers are the “Robin Hoods” of the “man-on-the-street”. They are anything but right. Anyway many of the laws fill the “desire” of some kind of revenge. Bureaucrats are very innovative if it comes to plundering but not to be hold responsible for this plunder. Just see what happens with Tepco, BP etc. The state has limited the liabilites of this large corporations…. Shouldn’t that be something to be considered?

So the “laws” are perverted. They are not for saving one’s properties for unjust claims. But for founding claims on how to take it away from us. I just can see any avoidance of e.g. taxes as self defense. The problem is the delebets tighten their grip around your property, decade by decade, year by year, month by month, week by week, day by day…… We just can try to find the “natural” law and the natural low is that of unsolicited trade, and we all should work for it and one of the most important starting point is that we take away the monopoly of deciding what money is from the governments. If we abolish Fiat-money systems we’d have a big strike against the Deledefs. Sure they will fight us whenever they can. But you see it’s obvious that their ponzi-scheme comes to an end. They have not obeyed the first rule of economics. “Live within your bounds”. And this fault is getting more apparent day by day, failout package after failout package, new last vendors….

They will get broke by “the law” itself.

Let’s have another look at debts

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There are quite a few sites which do care about the careless money printing of the FED and the lending of government.

Just a few actual links:
http://blogs.law.harvard.edu/philg/2011/05/23/visualizing-the-debt-ceiling/
and even more frightening (at least to me):
http://www.usdebtclock.org/

I mentioned Obamas Obamacare which will drive piling new debts onto another level. IMHO the US are beyond the point of no return. They have lived on debt for too long and the longer it persists the harder the hangover.

However I simply have difficulties to believe the numbers from this link:
http://blogs.law.harvard.edu/philg/2011/05/21/california-ballot-propositions-regarding-public-employee-spending/
Robbery is a too weak word for that. Does anyone can support this figures?

However if you read Bastiat you’ll find an interesting chapter head-titled with “The Law”. And as I understand it we are talking not longer about laws to safe one’s property but the plunder version of it. And according to Bastiat it means every one is free to fight that. You can see how “nice” laws were crafted for those plundering. So you can not simply pay no taxes anymore. If you go to the supermarket you pay taxes at the point of the cashier. At least the VAT must be paid. If you do not pay your taxes you will get prosecuted, jailed and disowned. You see the inbalance. The state has all the weapons and enough plunderes helping him. The legislatives holds an executive and the executive must obey the laws of the legislative. And fair enough the executive is paid by the legislative and so in fact all policemen, or anyone else working for the government piles up another level of injustice. They never would see it that way because they are “obeying” the laws, and I’m in do doubt they do. But obeying laws of plunderers means, being a plunderes itself.

And unjust law is just that. And on of the most infamous plunderer laws is that government has the monopoly of issuing worthless paper money. And put force on every one to accept this as “money”. The debt is just another word for slavery. The own population has to work to buy the interest and principal and not one cent from it is beared by bureaucrats or the legistlative. Sure they pay the VAT they pay income tax. But this income tax does not come from serving any customer it just comes from “serving” the law.

And then you can see things like this:

Public Service Is a Noble Calling, Some Say

I’m sorry but everyone working for the government is not honorable, quite the opposite they all work on suppressing every men in a country.

Intermediate status

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Of Inflation up to 3.1 % in the US and 2.4% in EURo land

Does not need much more to get over 4%. If that is reached you money will half it’s value in just 18 years. And still the Fed is printing money as mad. So maybe 5% is not that far away.

And again “this time isn’t different”. The deledefs are making debts as much as they can. And the only question is not IF debt must be just. How much do I have to pay for the debts.
And the stealing goes on. They get the money first and profit from non risen prices and then people realize that they got poorer day-by-day. They’ll try to get higher wages and the spiral steepens.

I’ve my opinion of what to do against this gangsters. I suggest you check raw materials, precious metals and land. Maybe the prices are coming down and you can make a deal. But be aware.
If you will have something after this ponzi scheme tumbles down. You will have to pay for the new start. So you do not just pay one buy twice, thrice….

Poverty the deledefs way

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Just see the following there is a construct called relative poverty. And it’s “definition” is that those are poor which earn less than half of the average income.

So let’s see an example. Our world is simple we have 1/3 earning 1000 GE, 1/3 earning 2000 and GE 1/3 earning 3000 GE. So our average is 2000 GE and we do not have one “poor” soul.

Now the middle earners get 10 GE more so our average is now: 2003,33. And now we suddenly have 1/3 poor people. Nothing has really changed for the “less much earning parts” but still now they are considered poor. So if the average climbs for whatever reason especially if those above average earn just a cent or whatever more the poor parts raise.

Even more absurd. Imagine just one person with an earning of 6000 GE enters the scene. Suddenly there are “more” poor souls. In Germany we have absurd laws for people considered especially true. If they live divorced and the partner does not live in Germany they even get the right for a flight tickt to the other country. If you are a little above this poors and you can not afford to buy this ticket you have to stay home. The idea that this is this way does not feel “right” for most of the Germany but a few say it’s unfair to those regarded poor that they are not “unwilling” to work but just unlucky or whatever.

However the deledefs of course ride on thiis definition and take that as a permission to steal more from the not “poors”. If you can read german just type in “Armut in Deutschland” and then read the entries.

Having to think about an absolute limit on where poverty strikes, is of course a difficult undertaking. And So why bother? Just use the relative definiton and thinks turn out “brutally”. If the average income raises much more poors have to be “fed”. ….. That’s deledefs logic….

The reason vor poverty are mentioned on:
http://de.statista.com/statistik/daten/studie/182080/umfrage/meinung-zu-gesellschaftlichen-gruenden-fuer-armut/

The main reason found for 54% of the asked people is that the wages are too low.

Now this suggests an immediate answer from the deledefs the minimum wage. This means we open a new chapter in the never ending story of “How deledefs raise the poorness. Minimum wages suggest a demand for work that can not be fullfilled by the markets. And so people do start learning a certain job, just to recognise there is not “work” to be done any more. The jobs simply vanish and instead of raising wealth. We have more people unemployed, so either the tax or debt have to be increased and it all lend to a death spriral of even more unemployment. I do not know where the level is of a rate of unemployment which can be sustainable. But I doubt it’s m uch above 25%. And surely it must be well below 50%.

The problems of raising unemployment will yield an extension of bueraucrats jobs and this have to be paid by less and less productive corporation. We slide down the spiral faster and faster….
At the same time the industry is searching for skilled workers. I wonder why it is not possible for the somewhat 3 Millions jobless people here to get skilled. With minimum wages in every area the incentive to do so
will just vanish like snow in the sun……

If we see that their are less and less children nearly everywhere in developed countries we’ll find another problem that of higher unemployment and more payments to the elder generation. This gap just can be filled by immigration and that’s another very hot area, in which deledefs never ever got it right. I’m not very optimistic about the outcome. I expect that “real” poverty will raise it’s ugly had. This usually has meant war and starving in the past…..

I never will understand how people are able to think that more “regulation” will be the cure. The more the markets are hampered the worse the end effect for all will be. But they are trying this route over and over and over and over again…. I can not find another expression as “stupidity” for that….

Just a few things I found

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Today. One of my sites I visit regularly is:
http://www.memeorandum.com/

Today I found this two entries:

Obama’s Medicare Appointee Has Accidental Encounter with Reality, Learns Nothing

and

http://www.nationalreview.com/articles/266028/discredited-mark-steyn

and there are at least to more entries about “sense” and “no sense” maybe one should write nonsense, but at least something funny is usually around nonsense.

The points made are the extreme prices for health care (and their raising) and well on the other hand the “debts”. And believe it or not markets are taken as “beeing” efficient will day where there is market there hardly is much inflation, but if there is state induced “social fairness” all hell breaks loose. And guess what. If anyone complains about the debts collected by government and not willing
to allow even more debts, than this one is a terrorist. You can see how far away these guys are from sanity. There is not excuse for such lies. It just shows the path we follow if we believe in
“more government” as a solution.

Fact ist government just life on the expenses of those producing wealth. And states are just there to “lower” wealth. They start with laws, bring in more an more bureaucrats and more and more regulation and more and more ineffician work. Which is just there to keep the bureaucrats busy and show to everyone how important those are. But in fact the bureaucrats live in a world of “no customer” they do not serve anyone but themselves and they influences is just destructive. But then in the TV shows some “bad” thing is shown and then the usual answer is we need more control. It would be simple to just have judges which would sentences those wrong-doers to pay for their wrong-doing. But that does not happen, theay get limits and caps and all this from bureaucrats. And there we go the more bureaucrats the more stupid “laws”. So we are circling upwards in spiral.

Reputation of the Fed

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Well I just can conclude it sinks faster than ever for me.

Now they want to stick to their program of printing money. And well if you have savings you got robbed day by day, monthy by month year by year. The inflation raises (just remember:
http://mises.org/Community/blogs/fdominicus/archive/2011/02/03/my-predictions.aspx. And more an more of them are getting real

We’re not yet in the common over 4% inflation rate, but just in a few areas. The politicians start blaming whomever for “unfairness”. Especially unfair are those more successfull ones. Subsedies are paid
but do not yield the proper cash-flow. And the large corporations do whatever they can to not pay taxes (I wished everyone could afford the tax specialists of this corporations). And so the government does not get any earnings and starts printing money. With the “circle of “money””. The government issues bonds, the feds buys this bonds and the new money is spend in anything having some worse. Inflation raises and so on.

I doubt that ever in history a failure of a world champion has happened in such short time. In just 3 years the USA turns from a free system in a government controlled nightmare. They overextend their means and are now paying dearly, but currently the deledefs lovers “gain”. And I’d not be suprised to see more of them buying land. I bet they are preparing for the after-crash. And then they will claim themselves to be the “true” americans. The question is are thieves the “true” americans or aren’t they?

Maybe not all is lost at least some states remember what value means. And maybe this will save them. We just have to wait and see what the bureaucrats in washington and everywhere will do….

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.

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.

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….

What do they think

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I just will first start with 2 numbers

3 800 000 000 000

1 300 000 000 000

Now let’s see how this numbers are “related.” Let’s see
1 300 000 000 000 / 3 800 000 000 000 = 0.34211

or in per cent 34.211 %.

So what?

Well the US budget consists of 34.21% new debts.

Let me break it down for you.
You are earning 66 000 Dollar and you “spend” “100 000” Dollar.

The calculate the deficit will go down to 700 000 000 000 in 2014 (see http://www.usatoday.com/news/washington/2010-02-01-budget-obama_N.htm)

Let us assume a linea decrease over this 4 years so we’d have roughly 1.3 + 0.7 = 2.0 / 2 = 1.0
So overall 1 000 000 000 000 new debts over the next four years for every coming year.

The official debts of the US are nearing the 14 000 000 000 000. So we add another 4 / 14 = 28.6 % to this enourmous sum. And this are just the official figures.
Not included are every promise for retirement payments and probably a few thousand other “things.”

For just the 4 000 000 000 000 in the next 4 years the US will have to pay (assuming 5% interest) 200 000 000 000 a year. Just to get that “figure” right The German overall budget is
around 389 000 000 000. The overall interest to be paid will go up to 18 000 000 000 000 * 0.05 = 900 000 000 000

Let as assume that the budget will not grow (ha ha ha). So in 2014 the US has to pay 900 000 000 000 / 3 800 000 000 000 = 23.7 %

Nothing can grow forever and so they still face a new debts in 2014 than the end is near. It would mean the new debts of roughly 1 trillion is needed to just pay the interests. It’s absolutely impossible to bear. You can not us new debts to pay all debs for “long”. One still has to remember each year the interest raised around nearly a trillions. So something will happen. Past times show, inflation is the most likely outcome which let’s back to my My Predictions

Just see how others react on such debt avalanches: http://news.bbc.co.uk/2/hi/business/8518438.stm. See that the is the world largest holder of governement bonds all over the world.
See some discussions about the implications at: http://www.federalbudget.com/

It’s worse than I could ever imagine. And it has started with “just” the 700 billions of Paulson…. I’ve always written against this kind of madness. But you know the deledefs know “better”….

Do you remember?

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Paulson … do some bells begin to ring if you hear that name?

Glad you’re with me. Yes it the Paulson which demanded 700 billion Dollar. Now sit down, we European can be nearly as good.
The illegal safety chute (illegal in the sense, how I understand the no-bailout clause), was first just 250 000 000 000 EUR heavy.

Now it should be made “permanent” with just the slight increase of another 250 000 000 000. Yes, I got this figures right. We are talking
about half a trillion EUR for helping out the poor deledefs. That’s also roughly 2.7 times the amount the Germans have saved in 2009. Now the Germans are not
known of beeing a third world country, and guess what we are roughly 80 000 000 ( I guess one has to write “poor”) souls. Yes there are somewhat around
320 000 000 European citizens. But AFAIKT there are just a bit over a third of them “net” payers.

However in other words to just save enough for the safety chute the Germans would have to work around 2.7 years for free. And put all their saving in a pot ….
controlled by “Politicians”. Oh no it’s not that we could decide what is done with the money. This is done by bureaucrats and “choosen” defrauders. The same which started all this
misery. Now say something about “soundness”

For those Germans still having some property. Think a few hundreds times before investing in Europe. It may make all the difference….

My predictions

just to keep that written down. I know no deledef will read it and no-one will agree. But be it as is.
The path is crystal clear IMHO.

I wrote yesterday about inflation. And there’s a clear evidence for it that prices start running (if they start cantering, everything will go down the drain). The central banks do not do anything against it currently. It was highest time to make money lending more expensive around 1-2 years ago. The central banks did the opposite. They made
money cheaper than cheap. Fact is with daily deposits you’re loosing money. So I predict a raise of the inflation in EU country at or around 4-5 % in the next 5 years, the same will hold for the US. (1st Prediction)

Bonds have risen extremely. It will not be possible to make money even more cheaper. It could be that it will be demanded that the rich buy worthless bonds from the diverse countries, but this will not happen really soon. So I predict that bonds will not raise much more, instead I predict bonds will start falling within the next 2-3 years. (2 nd Prediction)

Because of the massive liquidity overhang, prices of all commodities will raise beyond reasonable limits. So we’ll see the development of new bubbles. (3 rd Prediction). I think the prices will start raising this years.

Because of the massive amounts of debt in the developed countries. I expect cuttings in areas like investing in infrastructure and everything where there is no law to “back” up the claims. Now the services will be needed still so towns, lands, countries will start raising their prices also. I expect higher prices for water, sewage, waste, street cleaning, Kindergarten you can put in here anything that is “provided” by elected “authorities”. (4 th prediction) (within the next decade)

Saving in the deledefs meaning always has meant or means, raising taxes. And so I predict raising taxes also (5 th prediction) (within the next decade)

Because people will try to avoid being taxes more heavily. The money will start flowing toward low level tax countries. This is a serious threat to any Deledef and so I expect that they will discuss and hindering free trade and free money flow. There will probably be extra taxes if you start bringing you money outside of your home country. I even could imagine that they introduce “artificial” exchange rates. Just to save the “poor” defrauders, because they will name it “unfair”. (6 th prediction)

There is but one thing (I’m just wishing for) which could change things considerably. This would be the end of the Fiat-money fractional reserve system… I predict for the country breaking this taboo, will prosper beyond any imagination. Some countries currently have this chance, I bet they will not see it and do the same mistakes we’ve done with your federal banks. I do not expect it in the EU nor US. This countries still have no clue about “earning” money any more. The sums mentioned in the area investment banking etc, have not “foundation”, but they have much influence and you see what happens if the do wrong. The countries will fail them out. And the politicians do profit massively from this…

This leads to my last prediction. We will hear more often the Phrase (it’s as all just a word we have for that in German “alternativlos” (you can roughly translate it as “we have no choice”, unparalleled, the one and only choice) . If it comes to more control they will probably not name it as such. It will be “laws against speculation”, “program-to-enhance-competion”, “law-for-equal-opportunities” or such but in fact it means. “We are right, you have to comply or we bring you to jail! (7 th Prediction)

Another brick in the wall

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Now again an example of positive or negative discrimination. This times it comes from Röttgen minister for the environment.
He will ban all electrical things which are not under the best 10% in energy consumption.

Well so you probably have to buy the most expensive versions of a product. It’s typical, the politicians decide what is good for us.
and the costs are irrelevant.

But hey ho if it comes to himself he spends big. According to thishttp://www.bild.de/BILD/politik/2010/03/03/umweltminister-norbert-roettgen/gestaltet-teuer-sein-buero-um.html. His bureau will cost more than 4.5 millions more than planned. Now that’s really “nice”….

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…

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.

to bubble or not to bubble?

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….

Inflating new bubbles

Unfortunately nothing was learned. As you may have registered the stock markets are going up. Well the suprise is not that large. There is so much funny mulitcolored paper available. Once it was known as curreny but it’s does not have any worth. So Gold is up over 80% in two years. And the stock have gained nearly as much. Currently you can even use this funny paper too buy houses for quite less of it. That bubble has burst around 2 years or so ago. Now the next bubble is raising, maybe it’s time to get rid of as much of this colorul paper as possible and take something no-one can raise artificially (at least not to a large extent). I propose investing in land. See that it’s fertile. The day will come where you’ll have to pay too much colorful paper to get full.

How it will come to that day. Well the argument of the deledefs and bureaucrats will be: “We had no choice…”

I think I got it

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well you can call me arrogant but I think I found the biggest political mistakes (well I’d name them criminal offenses) which have lead to our current misery
1) fractional reserve system. I think there can be no discussion about it. if you have fractions you have leverage and leverage can work in both direction. However see the problem:
You have 100 CU (currency units), as a private person you can lend maximally 100 CU. Not in a fractional system. you can lend by fractional reserve of 10% roughly 1000 CU. Now let us assume you get the money for 1% (this is currently realistic) than in one year you have to pay back 101 CU to the central bank. Well if all went well you can expect at least 3-5 % for the lending of the 1000 EUR so if all would go well roughly 1050 EUR. Now let’s calculate 50/100 = 0.5 Now tell something about getting rich quick. But this is not the end. What will happen if 20% of the money will not get paid back? you the will get back around 840 EUR and 160 EUR are missing. But now we come to the second sin
2) subsidies you can read it also as any hindrance to free trade and bearing what was caused by yourself. Let’s proceed with the situation above. We lacking at least 161 CU. Well we do not have the money but know the subsidies come into play (you can see the results in reality for bonds of Greece, Spain, Portugal, Ireland and yet a few others). Now the “genius” strikes back. You are bankrup but now the governments jump in an guarantee the other debts. Result you get the 50% gain, risk free.

I leave it to your imagination what will result.

Well why does it happen. Now just see who really are the worst debtors. They are the governments. And so we have an alliance against those acting within their bounds. Banks want to lend money the more the better, governments want to have money in extreme Amounts, and how brings the government bonds to market? Banks. So governments to not act for the public but their own survival and growth. Their own survival just can be guaranteed in a parasitic way, if they overdraw the host will die. This is bad for any parasit, some of them are “stuid” enough to risk it. But bureaucrats an politicians have one “gurantee” of survival if there are any men left. They can find a way to seize the properties of them. You can see it here in Germany, after the world wars, money was worthless, but still something of value was left, and so they taxed this. You see government is not the solver it’s the “base problem”. The only thing which can help us is being as unfriendly as host as possible. That means, if the dedebets want more power, resist in any way.

And here we go again

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Not it’s Ireland. Who’s next?

The Fiat-money system strikes back again. So let’s burn some more money. It must help, someday if it does not yet, than the conclusion just can be: “We have not burned enough money”. Well first they burn books, then money, then people….

We just can hope that we burn the right people this time. If not well we have not tried hard enough let’s burn some more people. So let’s to got war….

After there are quite many killed, well maybe peace is not such a bad idea. Unfortunatly we have nothing to bear the costs of the bureaucrats. So let’s see who has survived and something of value left. Let’s them bleed through taxes, let’s give them some other colorful paper, and place the rest of armed forces in front of their houses to assure that governement will work. Then let’s take a few credits, let’s start burning money again….

GM an epic failure

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Well either it’s me who’s not getting it or something is really weird. So let’s put some figures in here.
The IPO has reached around 24 Billion (sorry have not found better figures)
the government has spend 50 Billions on GM before and
around 100 Billion were “outsourced” to a bad GM “bank”.

Now if we assume the figures about the earnings are right, than we are talking about 3.5 Billion earnings.

Now let’s calculate
100 + 50 = 150
150 – 24(* 0.61) = 126 Billion losses left for the tax payer.

Let us assume GM would pay back 2.5 Billions each year than it would just take around 40 years to pay back
all the money from the government …

I can not see how this can be seen as a big success for the tax payers. So if anyone has another explanation, or can point out my miscalculations.

Please do so. Otherwise I’ve to conclude, the government is even a worse market player than one ever could imagine. I can just see one winner in here, the management of GM, I guess they will earn a few millions this year because of such a “successful” year.

Maybe it’s not just me. Just read the comments at:
http://finance.yahoo.com/news/First-day-trading-of-GM-apf-2339978096.html?x=0&sec=topStories&pos=5&asset=&ccode=#mwpphu-container

Money without worth no more?

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Have you ever considered, why inflation is accepted as something inevitable? Well guess again, it’s not inevitable. Check out the diverse books form von Mises,
Hayek, Friedman and you can see why inflation is the every day robbery of those having control over the money. Even a simple line of deduction can tell you, inflation is
very gladful accepted by well you can say every politician. How comes? Well it devaluates the money. And so if the governements want credit, they issues some bonds. Some of them are very long running (up to 30 years). Now agreed they have to pay interest on it. But if we asssume an inflation rate of 2 % the value of the bond is nearly halfed in value after thos 30 years. So the other half was stolen. And remember you have to pay taxes on the interest also. So if we assume just 1/3 of tax on interest and have a nominal interest rate of 4%, and a “nominal” inflation rate of just 2% then the calculation is. You have to pay 1.2% of taxes on your intereste 2% is stolen from it so you are left with “astonishing” 0.8% “gain”. Well you can imagine how nice governements found this kind of stealing. They blame everything else for the inflation rate. But they want more an more credit. Saving in this context does not mean putting aside money, but issuing less credit than the normal BIP grows. This again ist simply a plain lie.

Inflation must not happen. Just imagine the following scenario.
– Reserves are not longer allowed (what does it mean?) Well if you have a reserve rate of 10% you just need 10 Currency Units to lend 100 Currency Units. And well a Bond on one side is an asset on the other side. The other banks lends’s another one the money and see money appears out of the nowhere. No imagine a 100% Reserver. That means you can not lend more than you really have. This is the “normal” situation for anyone not bank. If you own 1000 Currency Units you can not suddenly borrow 10000 Units. With such a “simple” approach, all the fuzz which has happened wouls simply vanish, and “too big! to fail can not happen. It’s really as simple as that but no one in the policits and especially the federal reserve banks won’t work on that simple solutions. They will insist on just another few layers of control. And well you can bet who has to pay for it.

– Now imagine a constant money supply. How can anyone get “richer”?. Well for that to see in front of you just check the IT industry. Since their beginnning they have to cope with falling prices. Now if the money supply is constant but the prices do fall everyone get’s richer one day after the other. This would be savers paradise. You know if you just keep your money, you’ll be richer tomorrow and this is reality. But no in the this system would stat it that clearly as long as they are “on duty”. Just see the remaks of Greenspun about gold backed money. Before his time, he was in it. After he get chef, he started printing money.
You may ask how can something grow beyond than? Well it’s “easy”, if something new comes along (like computers) people suddenly start buying these kind of things and are of course demaning less of anything else. And so even with a constant money supply growth can take place. It would be sustainable growth. This piling up of “securities” as we have seen it just “wishful-thinking” and unsustainable.

You could choose for a much better future of us all putting pressure on the politicians and bureaucrats. Just demand one thing. “stable money”. If you insist on it and will not get them along with ther lies, you won’t e held hostage for THEIR faults any more…. The only trouble with it is that we MUST comply, otherwise they send us someone along with a gun in his/her hand. Arguing in front of such is simply stupid, if you’re dead or locked away you can not “do anything” no more. And this is the most depressing news. Your own governement just is nothing more than a Kidnapper. If you do not believe me. Well try the following things. Don’t pay no tax anymore…., try to start digging for something of vale on your own ground, do not accept money issued by the governement no more but insist on anything else. Well you’d better be prepared of some stay on in of the “nice” prisons of your country. So fact is there is a layer you’ve to feed with any money you accept or spend. So if you buy anything for some currency units, you pay for those making your live difficult…. It’s perfect system of exploitation. And well they all live from your money….

Simple but legendary

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Well I do not know how many of you can associate Ludwig Erhardt with something. However a books published in 1957 and now in it’s eights or so edition. Still is
as actual and valid as before. The most prominent example:
“Price stability should be considered a base human right”

Why is that simple but legendary. Well money is the mean to freeze demands. If anyone just spends all he/she has, nothing is left for investing. So someone must
have act economical sound, such that he/she can afford not to spend all one’s money. Now this money is earned at a certain point in time. And in that certain point in time the money has it’s “original” value. Now what happens while prices are not stable? It’s simple work in the past is devalued. How? Well simple the if money looses half it’s value in let’s say 10 years. The original save has been betrayed. And look into the big inflations. You always will see the honest man living withing it’s bounds was betrayed. And especially in Germany who was responsible for this. Well in every war people should buy bonds, but this is just to make those keen on having war more or less happy. And well because they have the guns they do not argue about it they just make a law which demands that all the money has to be put into “war bonds”. Well they will be named differently probably. But it’s for stealing money of worth and living the creditors with the vague hope of economic recovery.

Well after war there is alway economic recovery but it’s not that the governements will ever pay back their debts. They will do currency cuts, deevaluate the old debts and isssue new worthless money. As long as they have the power to play with our values that way, any hope of improvements are vain. So how does your country handle price stability?

See what happens in hyperinflations. See how poor one can get if money is no longer worth anything. There is not better way to ruin any country but through ruining their money.

Now 60 years later this is still a simple truth. But it’s also legend.

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.

The “allmighty” politicians

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An intersting example of farsight of politicians. As some of you may know Greece, has terrible hard times with their deficits. some suggest that it has to be excluced from the EU currency area, however there are not provisions for such a case. And now the others are navigatint along a path which is against their own given laws. as pointd out e.g here http://wirtschaftlichefreiheit.de/wordpress/?p=2636 (!! in German)

In short the paragraph says no country has to bear the debts of another country, but now they are “considering” giving debt guarantee to Greece. This is simply perversion of justice. Germans are hunted for tax evaded, while buing stolen data from someone having worke in Switzerland. The have choosen a similiar failout plan as the US and they have dispossessed the owner of HRE.

You see the tendency? I guess you are not suprised. One intervention asks for the next one and sooner or latter you are trapped. You can just go on with stealing for a while, if theres nothing left, all ends in misery. Especially we Germans have a lot of experiences with starting from “scratch”. Do we really have to prove it yet another time.?