From Germany!!!!!!! The truth on Greece...don't believe the western media that the Eurozone just solved Greece because they did NOT...only thing they did was kick the can!
Monetary system: the fuse is burning | Print |
02/09/2012
For three years the euro area and tried to square the circle eliminate debt, without paying anyone. A debt-section but shall extend over the communicating tubes of the financial system to make any noticeable. The most noted is probably only when their money is gone.
by Michael Mross
For three years the euro area and tried to square the circle eliminate debt, without paying anyone. But the bitter truth is: In the end, someone always pay the bill - and who will it be?
The liabilities are the assets of one another - this is the equation on the basis of our monetary system. If the canceled debt on the one hand, it must inevitably be missing something on the other side.
Whether or not to serve private creditors, plays no role in the system. The calculation is simple: If banks have to pay the bill PIGS - a widespread populist demand - then the financial institutions go bankrupt. In this case, they must be rescued by the states, ie the taxpayer or the guarantor, that all of us. This is at the end just as expensive as if the taxpayers to bleed directly - and that he is with deadly accuracy.
As currently attract the banks sent out of the affair, prices rise sharply upwards of financial institutions: easily visible at the price jumps from Commerzbank and German banking. But if the banks get away with it, there is only one other solution: the state's turn, and will even give up claims in Greece.
This costs the taxpayers 30-50 billion - in Germany alone, and only for Greece.
Conversely, if the banks should pay, then they need more capital. This is currently not they get in the markets. So must stand in the States. So does much the same.
The amazing thing about the story - for the money but known expert system: banks must deposit any collateral for government bonds. A bankruptcy is not easy to provide. Accordingly, the situation dramatically, but when it occurs. And probably no longer controllable, the whole thing, though several states are broke.
And that is precisely the problem in the euro-zone: If Greece gets a cut debt, then why not the others? Is it a simple solution! Ten years party and end up bankrupt. The bill to pay the other € Thanks.
German currently have 5 billion euros in the accounts. Upon closer inspection turns out to be exactly that amount as the debt of the euro area (mostly). Will be somewhere made a cut debt, this has inevitably consequences for the German paper money in savings accounts. This is the logic of the monetary system.
A debt must average over the financial system of communicating vessels make any noticeable. The most noted is probably only if the money is gone.
The whole discussion about "solutions" is therefore a false debate, which the people will throw dust in the eyes. There is no indebtedness to "rescue". There's only one thing: avoid the one who has money, you have until it's broke too.
And so is clear: There is no solution to the problem. Because the problem is not the "indebtedness" but the system itself, which inevitably boils down to this state. Some of it always erst. The end result is the total collapse.
The monetary system is a giant bomb that eventually explodes with all the violence and destroy everything. The fuse is burning. Greece has only inflamed it. The other candidates are more loose as an accelerant.
Monetary system: the fuse is burning | Print |
02/09/2012
For three years the euro area and tried to square the circle eliminate debt, without paying anyone. A debt-section but shall extend over the communicating tubes of the financial system to make any noticeable. The most noted is probably only when their money is gone.
by Michael Mross
For three years the euro area and tried to square the circle eliminate debt, without paying anyone. But the bitter truth is: In the end, someone always pay the bill - and who will it be?
The liabilities are the assets of one another - this is the equation on the basis of our monetary system. If the canceled debt on the one hand, it must inevitably be missing something on the other side.
Whether or not to serve private creditors, plays no role in the system. The calculation is simple: If banks have to pay the bill PIGS - a widespread populist demand - then the financial institutions go bankrupt. In this case, they must be rescued by the states, ie the taxpayer or the guarantor, that all of us. This is at the end just as expensive as if the taxpayers to bleed directly - and that he is with deadly accuracy.
As currently attract the banks sent out of the affair, prices rise sharply upwards of financial institutions: easily visible at the price jumps from Commerzbank and German banking. But if the banks get away with it, there is only one other solution: the state's turn, and will even give up claims in Greece.
This costs the taxpayers 30-50 billion - in Germany alone, and only for Greece.
Conversely, if the banks should pay, then they need more capital. This is currently not they get in the markets. So must stand in the States. So does much the same.
The amazing thing about the story - for the money but known expert system: banks must deposit any collateral for government bonds. A bankruptcy is not easy to provide. Accordingly, the situation dramatically, but when it occurs. And probably no longer controllable, the whole thing, though several states are broke.
And that is precisely the problem in the euro-zone: If Greece gets a cut debt, then why not the others? Is it a simple solution! Ten years party and end up bankrupt. The bill to pay the other € Thanks.
German currently have 5 billion euros in the accounts. Upon closer inspection turns out to be exactly that amount as the debt of the euro area (mostly). Will be somewhere made a cut debt, this has inevitably consequences for the German paper money in savings accounts. This is the logic of the monetary system.
A debt must average over the financial system of communicating vessels make any noticeable. The most noted is probably only if the money is gone.
The whole discussion about "solutions" is therefore a false debate, which the people will throw dust in the eyes. There is no indebtedness to "rescue". There's only one thing: avoid the one who has money, you have until it's broke too.
And so is clear: There is no solution to the problem. Because the problem is not the "indebtedness" but the system itself, which inevitably boils down to this state. Some of it always erst. The end result is the total collapse.
The monetary system is a giant bomb that eventually explodes with all the violence and destroy everything. The fuse is burning. Greece has only inflamed it. The other candidates are more loose as an accelerant.
