F Dominicus Blog

A politically incorrect blog about matters of money, government, bureaucracy, freedom and sometimes something else.

TARP the EU way

Yeah guys. the TARP money has "vanished" like snow in the sun. Nobodoy know cares or ask where it's gone. Now the EU has seen it and though by themselves. What a great thing. Money for nothing and the gigs for free... And voila now it's there the EUR TARP program. Well it's not Troubled Assets Reliefe Program for banks but TMMAR (take my money and run) for defrauders. Greece is the first which will take this money, of course they will not thank the EU for buying them out. No that would be for "normal people", Germany is "enemy" number one and well Germany is the biggest payer (well they pay with debts not even fiat-money, but that's another story) Welll so the start are around 22.4 Billions. Well the "planned tax releaf was 24 Billion. But now the "iron" cancecellor has cancled it. It's not tax relief the next 3 years. It's more important to safe other countrioes and especially the Euro. But how can you save a currency if you devaluate it? I don't know the US has started the big number game and now EU starts their game. Who will went south first? Who will be the winner. Could it be that the Chinese just can't get to sleep because the laugh at us? Could it be that now the Chinese simply buy whatever they can an "extend" their market place? Just see what they do in Africa, the help buiding the infrastructure and get crucial things in return. Germany and the US simply do not get that an burn their money in wars without sense. Yes I think it could be the chinese time. Howerver be cautious to not get in conflict with the Partei..... If the chinese would be clever they'd bound their currency to something of value and soonner or later they will get all the US and EU area stuff for "an apple and an egg".... On the other hand just imagine China starts selling their US-$ Bonds.....They do not even need an apple or an egg, civil war will finish the US and EU and they litereally get it all for "free"... Exaggerations? May be, but just tell me what worth is the FIat money? Indeed nothing.... It's just numbers on a paper.... However just see this numbers 8 700 000 000 000 750 000 000 000 The first is the "total debt" of the EU countries, and the second is the TARP money. It's not even 10% of the "open debt sum". Now tell me something about leverage.... How much worse does it have to get before start improving?