Times in History who keeps herself busy with history, especially recent history, currently experiencing a real Deja Vu. Do you remember the BayernLB ? Since we needed a night of advice to the Institute initially 5, and finally to cobble € 15 billion from the tax coffers to. Not unlike the or WestLB, HSH Nordbank that Landesbank Baden-Württemberg , the scheme was in rows so on. Finally, the private banks, especially the HRE where fast times 102 billion has been made easy, and recently, quietly and almost unnoticed by the public, could reach 200 billion € junk bonds to the taxpayer on. Who believes that this fund actually returned to positive cash can be converted to the taxpayer, or that would ever have hereby reached the end of the story, who can also make an Easter bunny on the desk. Is just as credible. Then the failures of the EU states Iceland, Greece and Ireland. All three broke, stone dead. The bailouts are huge, about 1,000 billion alone for our EU bankrupt, and for banks in Germany alone also been almost 1,000 billion of guarantees and support. Although the majority of these costs on the backs of small taxpayers in special funds, and not in the official budget, is already the national debt of Germany has increased rapidly. Especially funny this is also the fact that all these insane amounts raised by the loans for which you, dear reader, and taxpayers in the end are also still huge interest in exactly those of you just may pay involuntarily rescued banks.
And who thinks that they could save the towering mountains away billions, or even believe that we could pay back debt, which can also provide the same or a Santa Claus find his Easter bunny. There is no reason to believe just do not know it is simply impossible. The now the citizen, and therefore just the real economy, imposed austerity measures only serve to reduce the deficit, not to debt reduction, and they simply overwhelm the GDP. The effect of these measures is virtually zero, yet the debt to double every 10 years in the crisis countries. What a generation ago would have had sense is now that we are already strong in the exponential phase of the financial crisis, pointless and boosts the collapse will only continue. The equally incredible speed with which these sums to support the assets, on behalf of sole practitioners have been approved in contrast, now very curious as to the increase in the Hartz IV sets. Since it has benefited after years of ideological tug of war, and half-hearted only after a supreme court ruling of the Federal Constitutional Court, and even cold-hearted, 5 € a month to increase the sentences. And they are now once again, especially because of the tax increases in energy prices, inflation disappeared in Nirvana. This "good deed" by the way is worth a whopping € 0.3 billion per year. Actually, although no amount is Klecker, it alone but far less than the annual interest that must be permanently applied only to the rescue of BayernLB, the rest of the huge bailout we would rather remain silent genteel.
astonished face of this immense political and social imbalance there is little that the unwilling savior now taxes, charges and fee increases, and public austerity, particularly at municipal level, compared to all corners of looks. While on the part of those rescued so far no trace of assets or transaction taxes, or even from the degradation of already existing tax breaks, is discussed. Of the more unilateral allocation plans, most recently the health insurance, the professionals alone, I will not comment further. Who will, may be happy to check with Minister Rösler .
dictatorships, but also revolutions have a tendency to develop very gradually and almost unnoticed. The fact that we are experiencing at present is precisely that it is the fiscal policy alone, which is decisive for democracy has become, and not the welfare of the citizens as a whole. Culminating in such ideas, as recently at Wolfgang Schäuble suggests that serious, that in addition to normal Income tax that the citizens still strapped municipalities to extort an additional income tax. If he had the heart of the Democrats, he probably would rather the restoration of the property taxes come to mind.
Apart from this incredible operation (oddly enough, the people here resigned and thinks not even a proper demonstration of the sovereign), the consequences could be truly fatal: there would be about the cities of Dusseldorf and Cologne each other's citizens to contest and the really strapped cities would, in effect, and finally clip again slums. But that makes our government, but also to journalists and citizens of the FRG, obviously less headaches than the idea with an effective taxation of the assets / liabilities of banks to create one (in fact slightly bearable) capital flight.
This strange democracy culminating in such statements as that of the rail bosses, but also other high-ranking politician who commented on the resistance to about 5 billion euro project Stuttgart 21 : "Only a man would in the opponents of "Stuttgart 21" are similarly unpopular, such as Baden-Württemberg Minister President Stefan Mappus -. the train chief Ruediger Grube in the Bild am Sonntag newspaper he called the protests against the controversial rail project "Stuttgart 21" now as not justified. "There is no right of resistance against the construction of the station is not," writes pit in a commentary. "We decide parliaments, no one else our freely elected representatives have done dozens of times. Waistband, in the country, city and region always by large majorities," said Grube. ".
Oops, with large majorities? This, of course on the fiction of parliamentary democracy . In Germany, we have that is not direct but a single through the ballot every few years, legitimate participation of the people. What hot, if you want the citizens now have what pötzlich against the billion-dollar project, but that he should soon write on his ballot, a right to revise the decisions made in back rooms, be it to current events (financial crisis), he did not have that right. The summit railway boss but it would be perfectly legitimate, and so does his political allies, if he would train as a chef, from whatever reason, get off now as one side of the business.
Although me personally, the Stuttgart train station is not really interested, whether for good overall but noted that it is far from the railway, which has to bear the brunt of the cost of the project. In fact, it is again the tax payer, the lion share of around 5 billion with. And, in the face of such generosity, slowly dwindling democratic sense. Construction industry, property owners, brokers, banks and politics, but ultimately the main financial profiteers of Stuttgart 21 And if you believe that you would find in the disclosure of all contracts and agreements not strange familiar and friendly relations with these gentlemen and ladies, set to equal another addition to the Easter Bunny and Santa Claus in Santa Claus.
it is said, is Wolfgang Schuster, Lord Mayor of Stuttgart, also chairman of the Stuttgart Trams Ltd and Chairman of the Board Transport association Stuttgart, to vice-chairman of the Airport Stuttgart AG and even the 'Meeting of Landesbank Baden-Württemberg and chairman of its credit committee. Landesbank Baden-Württemberg? Yep, just what we had today before, and who of course, see above, already sunk tens of billions of taxpayer.
Well long story short: The old capitalist, parliamentary democracy and social market economy has gradually approached a oligarchy and turns now increasingly by the fact of actual policy-making into a plutocracy . In partial characteristics maybe you can even speak of a kleptocracy , especially if one more European brothers as Berlusconi's Italy, and others with its sights. The step up to the dictatorship is not too far when citizens from the headless in the financial swamp sunken democracies do not expect help more.
Even without these harsh words can bring the problem to the next point: The policy is now determined only by the needs of the financial world, no matter whether in Berlin, Paris, Athens and Washington. The problems and needs of the common man or woman appear only as an annoying, but also increasing, marginal, with little understanding expect to have.
The reason for this is in addition to the completely overwhelmed Democrats, ultimately, a fundamental design flaw of our money that simply knows no expiration date, and we pay actually still a loan which, for example, 1960 was recorded by a home builder, for the third or fourth time again from. If you do not believe that, you are not alone there. Writes about the Wikipedia . "The money supply is reduced by lending or purchase of assets by banks increased, and by a loan agreement or sale of assets of banks These operations are called money creation and destruction of money .... "
What makes sense at first glance may sound, is unfortunately the prevailing basic misconception that politicians and citizens will be out is a scam. For for repayment, such as the above-mentioned homeowners credit, but the balance is in balance in the account of the counterparty bank / house builders, which arises, however, already a significant portion of new money means the interest payable. But (or passed out from the bank just keep) the money that the homeowners paid to the workers and contractors has is, of course, still, in full, here. It circulates only impose relatively short time and then land on derVolkswirtschaft many bank accounts as a contribution again. And then of course requires more interest and so on to generate new loans third. Nothing else is in fact the life purpose of the banking institutions. So comes the exponential spiral of wealth creation in motion, the regular after two generations beyond all imagination, and possible rescue.
One of the few ways out of these recurring Jahrhundertdilemmi is the so-called free money . It acts, in principle, the landmark voucher principle. We know of many businesses that issue vouchers for everything, but it always specify an expiration date on it. After that, the bill worthless. It would of course be the money because it is nothing but a coupon for goods and services in the GDP. THUS, then above craftsmen and builders for the money of the little house builder what to buy nice, but can not generate new loans in the same amount. And the need today for the purchase of our fathers and grandfathers to umpteenth time again pay off.
The other way is unparitätische inflation and currency reform. However, regularly accompanied by massive distribution wars. For we have neither a reward nor a health insurance nor a Pension problem. We have in fact merely a tremendous problem of distribution. This is easily seen, if you take a calculated entirely according to official figures, the assets and GDP per head (!) Of the population. Even adjusted for inflation, we produce more per capita real (!) Values than ever. Since it is a per-capita value, in fact, so be it baby or old man or an employee, there is actually not the slightest reason for any whom to cut wages or pension .
The problem is that is not directly the worsening of the population pyramid, but the fact that less and less finishing work required, and thus less and less wage and tax amounts to an ever larger expectant production generate. particular, the increased productivity, in addition to the huge capital surplus, carries the imbalance. If you can not quite imagine such, think just how it should be because if in future, with increasing technological development, the entire production of an industrialized country would only be achieved by self-reproducing robots. The wealth was immense, but for whom? For the few robots owner? Or should there be an allocation rule which takes into account all the people?
It is precisely this distribution wars raging not only nationally but also internationally, in particular, regularly Democracies and dictatorships in the world stood in wars can. That time, in a far more enlightened world, should succeed the first time this scenario to prevent and to free themselves from the self-defined loop, because I have personally witnessed the greatest doubts. The cautionary example of Adolf Hitler is indeed out sucks already possible, but it has the greatest relevance here. Such was the German was in 1930, a year after the plutocracy's young democracy was again in the grip, hardly a plausible, that would be only 15 years later, Germany is a desert of rubble and look as far as the eye.
The Deja Vu can be seen in the Wikipedia read well: "... The economic downturn, in the form of a sharp recession, made his spectacular exit in the stock market crash on Wall Street [1929] taken and rapidly spread globally midst of this precarious situation shook out a piece of bad news. Austria, the banking community in Europe. Creditanstalt, the largest bank in Austria and also a giant holding company with extensive share ownership was broke. Through direct and indirect interests had controlled 60 percent of Austrian industry. The nerves of investors were bare, and not only in Austria. For the weaknesses of the banking system, become the undoing of the Creditanstalt had let themselves in other European countries, particularly Germany, will recognize only too easily. Final undoing was the German banking industry, but its dependence on foreign countries (especially the United States). There they had supplied the capital which they gave to commerce and industry. The liquidity of the German banks to go so to a considerable extent on the confidence of foreign countries that, while the emerging world economic crisis, as an increasingly fragile proved. In May 1931wurde rumored that Karstadt was in need of money, known as the North Star Insurance. The creditors asked now concerned How do the banks were still the Karstadt had borrowed money.
Political developments frightened donors further. A statement by Chancellor Bruning, who suggested the possibility of national bankruptcy of the empire, fueled in early June 1931, the dangerous capital outflow to foreign countries continues to increase. For the big crash just needed a reason. The Bremer gave a windy company called Northern wool - and its partner, the Darmstadt and National Bank. Both companies had speculated with questionable, high-risk investments. The Danatbank by the collapse of the northern wool hit hard. The public made rumors around, now that a German bank was in difficulties. When the name was the Danatbank, broke the rush of investors. Within days the Bank had to capitulate. On Monday, 13 July, remained closed its doors.
On the previous weekend hectic emergency talks between industry leaders and the national government a chaos among the banks had disclosed in the kingdom. Dresdner Bank, for instance, which was also heavily burdened with loans for the northern wool claimed on 11 July 1931 to not be in danger - three days later she was at the end. The national government now took the emergency brake. On Monday, the banks opened and were no longer only hours after the rush-Hispanic savers the government declared the following two days on bank holidays. Thereafter, withdrawals were initially approved only for urgent operations, such as the payment of salaries. The breathing space they used to supply the most vulnerable banks with money.
discounted the state, under the chaotic protests of the bankers, credit for the economy and reduced by decree the return of current bonds. It introduced stricter controls and a first bank supervision. The government succeeded with large-scale interventions - from the acquisition of large banks on restructuring to flanking regulatory measures - the collapse of the German to prevent the financial system. What they had gambled in the population, but their last loan. Trade unions and Communists railed against the socialization of losses. An anti-capitalist attitude of the population, even by the economic crisis to spread far, but since then the Cabinet apparently threw for especially big business and banks unpopular in the breach, this brought no sympathy - on the contrary. The banks also advanced, although the state intervention had finally saved from Chancellor Brüning. "
If something is reduced, the excellent article in the Wikipedia to the Weimar Republic. The Wikipedia pulls then as the Conclusion. "The thesis that the" Weimar "in the formula of a" democracy without democrats bring "is undoubtedly the simplistic escalation of a problem you meet, but definitely too many former leaders in government, business and administration, and also to Most of the parties and the electorate. Hitler was at one time Chancellor, when his party due to internal tensions after several failed attempts in a serious crisis. What the National Socialists' seizure of power "referred to that strength suggest is, rather by some as a transfer of power, as a surrender of the Republic of view. "
Among the senior economic reasons for the takeover of the Nazi party is one of the Wikipedia: "The consequences of inflation, global economic crisis, unemployment, overstretched social security, social decline in the middle class, and the desire of large business community after the destruction of the welfare state and labor movement."
How the same time yet. The claim that "the present day could be compared to the Weimar Republic did not yet" is so unrealistic, as the Bank stress test, the predicted 3.5 billion financial needs of European banks and a few weeks later 70 billion in Ireland sank to in the past Days culminated in the complete national bankruptcy and another three-digit billion syringes for Ireland. Since we must drape the Christ child, as well in addition to the three figures on the desk.
Fifteen years, 2025, it seems as distant as a thousand worlds. And yet so close. Democrat one is not because there was so much calls. That was Eric Honeker namely, too. Democrat is one if and only if it is so. Who is always kowtowing to just up and down occurs, the definitely not. And as our dear elected officials to act since the outbreak of the Lehman crisis, at least, no better than Honni in the really existing, but extinct, DDR. Strange rarely flickers again on an upright heart Democrats.
So as Bavaria's Seehofer called the retirement age to 67 a covered pension reduction. About as much "policy failure" criticism rained from his own party to him in so much that he immediately qualified its statements and to the phony statistics on age work of Ursula von der Leyen took in. Only: Even if this stilted nonsense actually thinks and believes that the future will lick the industry for over 60 years of full-time employees only as the finger, it still remains a rent reduction! (The Easter Bunny to me at this point, unfortunately, gone out. Imagine, alternatively, request, a picture of Ursula.)
And not even a covert. For every banker and economist knows, the money today and I get the same money if I get it in two years, is definitely not the same. Because if I discounting the later money accordingly. And second, everyone knows actuary that the mortality rate increases at this age as the fourth power of age. That means in plain language, has two years later, a erklecklicher portion disposed above all the male population, already by biological solution. And the survivors I have two years of less retirement pay is that the average life expectancy for men (77 years: 77-65 = 12; 77-67 = 10, saving: 20%) and women (82 years: 82-65 = 17; 82 - 67 = 15, saving: 13%) also clearly evident as the third component. The fourth component, I might add the effect that two years longer work stress were also more likely to be felt in a declining life expectancy of them happy. So to sum up a really erkleckliche savings for the state, which gives him fresh air in order to save threatened assets. Who does not want to call all by name, is not only undemocratic, but that's perfidious unchristian.
requires to be in the present time Democrat, in fact, more than to destroy on nice celebrity parties with appetizers and I-am-very-important-helicopters to fly through the area to shine on meetings with lively talk. This easy times are over. Those who still want to call Democrat, without having to be embarrassed here, he must have not the heart Democrats in the pants, but the heart of the boxer in the chest. And to be any misunderstanding: A real boxer spanking is not the public but only real opponent.
An economy is like a tree, he the roots downward and the best fruit on top. At Revolution, War and terrorism is just the opposite, the roots are always on top, the less rich fruit at the bottom. should be mindful of every one who lives in a glass palace, with taxes to which throws out there.
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