F Dominicus Blog

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

Some A-s are rolling

Now some of the too many A-s ar egone. At least for Austria, France, But imagine not for Germany.

Not that France and Austria do not deserve loosing this top-rating, but Germany had has to loose it also.

And just taking away one A is way too less. The US has increased it's debts over 70 %. If you look into "This time is different" another 17% are lurking. In that book they figured out bank crisis led to 87% more debt on average. Well the question of course is why do they not simply let the banks fall.

Now in the eyes of the deledefs this is a very bad idea. Because banks are holding and distributing bonds of states. And so they are "very" interested in banks which can pick up one and/or the other billion of banks of now comes the madness, bankrupt states. And this they are all. Be it Germany, France, Greece, Italy, Portugal, China, Japan, the US. They all have one in common they are broke.

Of course they will no admit it and you can bet it's not the responsibility of the deledefs. Well that's another big lie. But I guess I don't have to tell you.

What can you do about it ? Well you still can vote, so vote wisely. All the candidates will go on with this debt spiral, but Ron Paul. If anyone will cut into the government game of thinking money I think Ron Paul is it. Obama still does not have learned anything, and so haven't all his advisors. We do not speak about the criminal organization for the money monopoly euphemistic named Fed. Of course no-one can hinder them printing money, but doing so is stealing from those having saved money. Every other organization stealing is "criminal" and I don't make a difference here. The wrong-doing of the FED is criminal. But I think you know that I see central banks as the "central" problem. All this debts could not get that large with money as value instead of money as debt. The paper money make it easy for FED and government to steal. Again the only one wanting to end the fed is Ron Paul.

Another thing you should consider according to von Mises the bust is the cure and the boom the disease. So trying to prolong the boom, means prolonging the disease. It's not too less debt that is the problem. It's a system which just works and bredes debt. It seems they deledefs think there is a base human right for government to make debts. No it is not. It's just stealing. There is not other word for it. States can not produce they can't do anything to raise the wealth of countries. The can drive countries bankrupt that's what they surely can. Just see above. The only think states can do to not decrease wealth is going out of the way. And just watching over property rights and contracts. But states do go beyond that they make laws that limit liabilities. So BP does not have to pay for all the destruction which it has brought over all in the Gulf while they were unable to stop the oil leakage. All this is against property rights, but they do not name it such.

Another thing you can do is: "Do not give any more credit to any governmental institution" It still is your money and you do not have to lend it to defrauders. So don't do it please." Let them fall for their own faults. That's "just".