Creditibility

Friedrich Dominicus — Wed, 28 Apr 2010 04:45:00 GMT

from Greece is in free fall. Now it's Junk-bond status. The interest has risen to above 10%. Well Greeks the EUR is just "paper" money. So there's always the "solutio" of hyperinflation. Unfortunatly you are not alone with the EUR. So you are a bit more lucky this time, Politicians can't get away that easy as usual. Now start thinking. Wouldn't it be good to get rid of your Politicans ans Buerocrats. Just one quater is working for the governement so 75% are "not" working for the the governement. How about getting this figure a bit higher. I guess 95% not working for governement should be more than sufficient... I propose that after getting rid of them, you see that you get corruption in the governement banned. Let them earn their money, don't allow them to black-mail you any longer. See that you get rid of most of your military stuff also, and get back to the ostracism. And revive. If you follow your current "stuff", well be prepared for really hard times

A new round of insanity

Friedrich Dominicus — Sat, 20 Mar 2010 07:00:00 GMT

Ah, well somone would call it "Living in interesting times". I'd rather read it like, going to die.

The EU considers now (b)failing out Countries, our first try Greece, next stop (who knows) but it can't took that long
till it's Germany. I guess this will be the mother of all failouts. I wonder which country can affort to buy out us Germans. I don't expect the USA beeing capable of that.
No bailout has worked till now but that does not hinder politicians to try again with another trillion...

Howerver if there are laws against such things. In short it's. "No country has to guarantee for debts of another country". So yes it was "never" allowed to do so, but
they're trying hard to "revert" that. And from there on moral hazard is all there will be. Who will judge which country to bailout and which one will be allowed to fail.

The end will be poverty everywhere and with high likliness, war. It never has been different and I'm not that optimistic that this will change. After the war there will no welfare any longer
just what people will do to help another. And the buroeaucrats will linger in the background, waiting patiently to show there cruelty again...

It's depressing.

F Dominicus Blog : EUR, bureaucrats

Creditibility

A new round of insanity