Now it's official

Friedrich Dominicus — Sat, 14 Jan 2012 05:50:00 GMT

The non-plan about a "voluntary" debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise.

At first If I'm having the bond I have the right to get my money back. It's up to me and the debtor to figure something out if he's not able to pay. And there is the possibility to get an insurance about a non-paying debtor. So if I'm having the bond and such insurance. Why should I disclaim my rights.

I swore myself some years ago never ever to buy any bond of any government any time again. And so I was out of this bonds in 2009. So it's should not be my business any more. But now the states decide to hand out money they to not have to other governments which are broke. You can imagine how I feel about that. This is theft in it's worst form. But it's theft from governments, and then it's not theft any more. That's ridiculous.

Anyway the private bond holders have said. We are not convinced and now it's obvious Greece is broken. And the "saviors" of the other EU countries are on there way to be broken also. Even the rating companies, finally realize that. But still they are givign most of the states something with an A in it. That's stupid and another lie. Fact ist all but a few countries are broke. Manys in the € zone and we do not have to talk about the US anymore. They has a debt increase over 70% in the last 3 years. They are completly broken also. So neither of them deserves that anyones trusts them any more.

It seems that trust has gone down the drain. And that's a good thing. I hope we'll see the end of this Fiat-money system soon. And I wish this that those which have put us there, get their deserved fait.

Without doubt

Friedrich Dominicus — Tue, 09 Aug 2011 05:22:00 GMT

A lot of money vanished yesterday. I guess we're talking about values at or around 2-10 trillions. How will that be changed if the EZB has bought bonds from Italy and Spain at or around 5-6 billion?

Without doubt, we can say also. Nothing has changed really maybe just the majority starts "understanding" what the central banks and states have done to our money.

I guess they start seeing that fighting problems caused by too much cheap money can not be solved with some tons of other cheap money. And to my pleasure it now hits a few nerves with central bankers, delebets and bureaucrats. I expected such kind of action some 3 years ago. But they were able to keep the impression of solidity and controllability. Everyone just knowing a bit about Austrian economics could not be surprised. I invite you to just browse through the mises blog and their associated blogs like this one. (Yes I'm not very decent) But I have written against this kind of madness right from the start of this blog and my other blot at http://fdominicus.blogspot.com.

I did not even know about the austrian school of economics as I started writing my outside Mises blog. I just keep deer what my grand-parents and parents have told me and lived. The all lived within their bounds. All other things follow from it. We are a family of savers. Nobody knows when one will need some money. And so we saved and invested "cautiously". Along 3 years ago as they started those "failout" programs. I started to invest in gold. I opened accounts in NZ an Switzerland just go get out this EU madness, however I avoided the US as the plague. With all modesty one can say, that has served me well.

However that probably wasn't the end. One MUST start thinking about a break-down of the western countries. I always was optimistic about out ability to learn. But the Deledefs have proven over and over again. "They simply do not get it". That makes them extremely dangerous because they try to regain "control". I'm not sure if that really is possible currently, but as long as they do not start acting responsible I can not see how things could turn to the better. So I expect new laws, new taxes more limits to freedom In fact I expect stupidities as laid out in "Atlas shrugged". I wished I found the John Galt valley....

F Dominicus Blog : lies, bancruptcy

Now it's official

Without doubt