F Dominicus Blog : credit, deledefs

leverage <> leverage

Friedrich Dominicus — Thu, 27 Oct 2011 04:25:00 GMT

Now you may be suprises leverage under different circumstances do have a different meaning.

Meaning if used by politicians: "more fire power", hardly "more" risk, telling markets stories of drunkeness and cruelty sorry, sedation. It's just for the "bigger" good. Just well the base for this leverage still is money they do not have in the second case this is named differently, here it is named saving the taxes of the population.

Meaning if used by not politicians, greed, high risk if done with money on does not have speculating on credit. Ah yes Lehmann was gone because of leverage but you see leverage is not leverage every where.

In short the politicians use what the doom in the private economy. To be true, I guess we have to go back far in time to find a similiar decision day in parliament. Last time it ended in WW II.

Deledefs is just to kind to this kind of men.....

Whatever will come out of it

Friedrich Dominicus — Thu, 21 Jul 2011 05:42:00 GMT

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.

Black mailing

Friedrich Dominicus — Wed, 20 Jul 2011 07:34:00 GMT

Greece finance minister warns, if the EU let Greece down.

Guess what Greece alone has 330 billion of debt. and if they fail the end will come. Well hell one might think "Finally" All EU countries have debts beyond imagination and beyond anything in history (even after wars) and they are "suprised" that this won't work.

That it could work is as likley as extinguish a fire with a flame-thrower. I'm really getting mad about this Bastards. They have accepted all kind of debts for the most stupid things one can imagine. They tooks tons of money for other things from th e EU. (I bet no street was build on Greece costs alone the last 10 years) They made working for the government profitable as nothing else, all in the clea knowledge they do not have the money to pay that all.

So in fact they've lived beyond any limit on the costs of all creditors, just to rip of everyone in that country. I'm so angry, that I'm not even able any more to write anything decent. I wish all the Politicians and Bureaucrats over there a hell of time. Take that you looters.

At leat some good news

Friedrich Dominicus — Mon, 20 Jun 2011 05:33:00 GMT

English banks reduce their exposer to EU risks: http://www.telegraph.co.uk/finance/financialcrisis/8584442/UK-banks-abandon-eurozone-over-Greek-default-fears.html

1:100 that Merkel and Sarkozy will name them speculates. Or traitors or such

Greeks history is near record breaking for defaulting. Just read "This time is different" and you'll see I'm taking this out of the blue.

Much more interesting is that defaulting seems to correlate very nicely with corruption. For this beeing able to read German check: http://www.tu-chemnitz.de/wirtschaft/bwl4/interessantes/Korruption_Artikel.pdf

Togehter with this time is different you'll see the probabiltiy of Greek defaulting is very high and because of the sell of of bonds one can see, all but the deledefs think a default is inevitable.