March 2013 - Posts
This blog has warned over and over again. All the blogs on Mises have warned. But here we go again. Arbritrariness driven to new highs every few hours...
I guess this will be another big sham and lie of government.
See how our rights go down the drain. You can look wherever you like Be it EC, or USA or South Amerika (Argentinia, Columbia, Bolivia)
This time it's nearly the same as around 1789. The leaders fight against their people. And most of the people do think the belong to the "leaders". Stupidness is all around.
See the "solution" for Cypress. And the politicians of cypress do sell that as a "win". The german government goes back to "Verbrannte Erde".
This blos has alway written against that. And I have even pointed out alternatives. It's highest time to send the deledefs to where they belong: Hell. But let's be generous and let us just let them work
for their living. That would be their personal hell...
well yes that's what banksters really like.
States do disapprorpriate the customers of banks to keep the banks alive. I guess that's social justice.
And guess who finds capital controls a good idea? Any taker?
And so we know we're doomed. I wish one day John Galts come over this bastards.
It's now clear, we're in.
The solution in Cypress with dis-appropriation is honored with a jump of 1.5 % in the DAX. That means that people now either cheer the possibility to get stolen, or
they want to get out of the cash. Because you can not dis-appropriate someone holding "things" so easily. Well it lasts not very long we're now with 0.5% in minus. Well
maybe men now recognizes what has taken place....
The "save" is of course doomed to fail. Why should anyone invest in Cypress any more. You may awake the other morning and your "money" will be gone.
And the EC puts another 11 billion into it. That's roughly around 15714 €/inhabitant. Now talk about "sustainability"...
Have you had enough horror the last few days? If not here we go again:
It goes without saying that the every Ponzi Scheme comes to an end, The most dangerous times are short before the break-down..
It seems we are currently in a very critical phase. Law abiding was abolished and it's clear states have not problem with murderring.
You just can make yourself as independent as possible. Avoid debts, collect precious metals and land you can live from. Everything else is asking for near-death experiences....
I cite from myself
"This leads to my last prediction. We will hear more often the Phrase (it's as all just a word we have for that in German "alternativlos" (you can roughly translate it as "we have no choice", unparalleled, the one and only choice) . If it comes to more control they will probably not name it as such. It will be "laws against speculation", "program-to-enhance-competion", "law-for-equal-opportunities" or such but in fact it means. "We are right, you have to comply or we bring you to jail! (7 th Prediction)"
You can see the action in cypress as an example of what may happen. Theft is ok if it's for a "greater" good and our Bundeskanzlerin even find this the "right way" (you have able to read german to find and understand it e.g on: http://deutsche-wirtschafts-nachrichten.de/2013/03/18/merkel-zwangs-abgabe-in-zypern-ist-ein-guter-schritt/
Rights there you go, abolished "democratic parties"...
Well if you want to learn how to get rid of all trust, watch Zypress
I have read that the bank run should not take place. I guess this could be the most stupid sentence of this year. If you would have a bank account in Zypria, what would you do now
if you see 10% of your property is gone? Would you believe this will not happen again? Or would you get your money out of the bank ?
In my opinion, this is now the end of banks in Zypress. It may be that a few will survive that , but that won't be zyprian banks alone. Just large banks of other countries may
provide bank services.
You know will see (if you follow what will happen now) how poverty will explode. Zypress is part of the EU, and so those being able to get out of the country will do so. Zypress will
get the poorest country in the whole EC.
The finance minister should have accepted everything but the theft of all bank account owners. I hope he'll get what he deserves for that.
thin again. if you have money on a bank in Zypern, you lost today 6.5 - 10.0 % to the state. It's used to "save" Zypern.
So this time it's real. You property does not belong to you it is owned by your state. If the state needs it, it taked
it away from you.
Don't be stupid and believe it won't happen in your land. Act now, get you money out of you state and send it where property is assured. Do not make the
error to just put it into one other country. What happens in Zypern will happen elswhere too. I doubt it will take place everywhere, but for that case go out
fetch gold/silver and store it at home or overseas outside of banks.
Be prepared that you will loose some of it to the facist/socialists states. If it comes hard, every rule is overthrown.
or even sarcasm, it's your time then.
The state is more closed then ever
And this from this Mr President Transparancy. And I guess the reason is clear. Killing time is not tha great an achievement
In the Euro zone you get serves well also. The EU does not pay it's debts and has not somewhat aroudn 200 billio of open invoices. On the
other hand they are working on a new law that should force everytone to pay within 60 days.
As written if you like irony, you get more then you ever asked for currently.
some time ago abou the possibility of a crack-up boom. Now I'm getting more sure by the day. We are in.
We have new records in the indices and still new records in unemployment and piling up debts. So I think's it can be named "classical".
For me it seems we are not somewhere between 1921-1923. So within the next 2 years, we do get really deep into trouble.
I'm afraid it will get worse by the day. We are now so deep into debt mode, that I can not see how we'll get of it without a big bang
The old saying from von Mises get's more and more obvious:
This country, and with it most of the Western world, is presently going through a period of inflation and credit expansion. As the quantity of money in circulation and deposits subject to check increases, there prevails a general tendency for the prices of commodities and services to rise. Business is booming.
Yet such a boom, artificially engineered by monetary and credit expansion, cannot last forever. It must come to an end sooner or later. For paper money and bank deposits are not a proper substitute for nonexisting capital goods.
Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.
That was after WWII and it took quite some time but in the end every boom comes to an end. There may be endless paper printing, but there never will be "wealth printign". All the central bank world-wide do just have on weapon the money monopoly. Every monopoly comes to a natural end sooner-or-later. It's now the time that we probably do not find the way out.
Well now we know it
Getting killed by your government is fine
In Europe and the US are the Booms not cumulating. We have near all-time heights in stock prices. That shows but one thing: Inflation at work.
Here in Germany the Deutsche Bahn spends another few billion on but on railwas station (Stuttgart 21) The costs have soared from 2.5 billions to now 6.5 billions: Not much was achieved during this time. But we are told that stopping burning is more expensive
than putting some new petrol/gas into the flames. Yes that is meant serious.
The Austrians have voted for yet another "social democratic party". Well known to burn money also (but let me ask you straigt away) Do you know any party not keen on burning money? More taxes and less rights?
Central banks itself are a catastrophe, central banks and Fiat money of paper with which you have to pay is just a desaster waiting to happen.
A real strongtstate would have currency with some value behind it. And otherwise would do exactly "nothing". One can see what happens if such things
are not obeyed, we run into the trouble we see know.
It has been so in the past it is so in the present and it will be in the future. One should not say never but printing money is not producing wealth. The exact opposite is true, money printing is a sign of a weak state not controlled by justice but just be laws. I had the choice between this central banking system of the present and free banking system, my choice would be clear. So I propose now that gold and silver are a bit less expensive to buy a few kilograms more...
I propose also that you do not let you money in your state alone. If it's on a bank a state has access to, it's as if it's his and not yours anymore. Sweden does even abolish cash payments. Now tell me about "not even hot air"....