Do you remember?

Friedrich Dominicus — Wed, 16 Feb 2011 05:25:00 GMT

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....

F Dominicus Blog : half a billion, stealing

Do you remember?