F Dominicus Blog

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

Tell me lies, sweet little lies

The deledefs currently seem to rotate. Well this time I will not speak of the stupidity of americans to vote between two dead-bets, but the European masters of stupidity.

Europe should guarantee the saving deposits of their people. I can reduce it to one question: With what? They do not have anything of substance and the only think they can is tax the people. So the deposits are guaranteed with "the money of the people". How unreal is that.

I calculate for Germany and there 20 % of the deposit holders own roughly around 3.2 trillions. And our official debt is a little over 2 trillions. How much more unreal can things get? If every German would hold a saving deposit the guarantee would have to cover 8 trillions The complete deposits of all Germans are a littel over 4 billions. How much worth can this "guarantee" have?

If 10 % of the top deposit holders would request their money from the banks, the game would be over. So you can see see rich are very social. They let themselves get robbed and still hold together all the crap..... I wish they would end this farce...