The vote in France

Posted on 2012-05-07 by fdominicus

As expected and wished for Hollande has won. The good thing having a socialist is that we’re faster through it all. That’s all there is to write.

France will now try to get the EZB printing more money, financing programs for the unemployment and whatever. The result will be as one can expect. We’ll see more poverty more
unemployed and even more debts. In the end the system will break down as von Mises has told up. Nothing can stop a credit expansion to stop. It’s sonner or later the later the bigger the devastation. France will surely have moor poors and you can bet the functionaries will be fat.

Now if you followed this blog you will know what I expect. Now with a socialist at the top we’ll see even more dangerous engagement in markets. So the race to the bottom is accelerating.

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Other races to the bottom

Posted on 2012-05-03 by fdominicus

Well one might think some countries may learn from their own but also from other’s countries faults. I guess I’m again very mistaken about it.
As I wrote before it’s obvious that the USA, Eurozone, Japan and China are racing to the bottom. One may ask why I include China the “big grower”. Well very easy
I say bubbles. And in China the bubble with houses are obvious. It’s not yet the case that every Chinese can buy for 1000€/m² or whatever the price is.
But it does not matter they have planned and build cities our in the nowhere an hardly anyone has settled there. So that’s a classical malinvestement.

Last but not least Chins is a socialistic dictatorship. The PARTY is capable of nearly everything (as long as the party members are covered by their companions) I guess it would be very interesting to see how wealthy the member of the party are. I bet 1000:1 they are all much “richer” than the average Chinese worker. Every other outcome would be a big surprise

But I do not want to write about the stupidities of the developed countries. But the stupidity of socialists world wide. As you know Argentina has defaulted some 15 or so years ago. And now they start expropriating the “oil companies”. Well the promises they made before the votes have cost dearly and Inflation is a serious problem to anyone living there. But hey it’s not the actions to kill the market, it’s the speculators stupid. Argentina has wiped our the middle class after that default. And now they want to wipe out the lower middle class also. So yes they have not learned the smallest think, neither from their own faults nor the money printing faults of other countries. So you can count in Argentina on the race to the bottom. I guess they will take the pace sooner than later.

The other stupid countries are Bolivia and Venezuela. In every country the socialists are at work and you can see it everywhere. Expropriation every where. Stealing from the people with high inflation and wiping out the small wealth the people have accumulated. So they will go down also. That’s so fucking stupid and sad….

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France may like to end the "german Vorherrschaft"

Posted on 2012-05-02 by fdominicus

Well on is for sure, the French do think of themselves as a grand nation and I guess we Germans are not that loved.

That has quite a bit of potential. Let’s hope that Hollande will win, and so France will like to end the EU experiment. And well if in doubt. “Blame the Krauts”.
And indeed Hollande started this sound. I guess we Germans should not be too suprised.

I do not wish the socialists in France anything good. I just hope they got that kind of hell they seem to prefer. I’m sorry about the last liberals west of the Rhine.
They will have to pay the bill. Everyone but the Deledefs know that they can not generate value. And so they are a waste, and someone has to pay for this wasting.
That are the rests of productive workers.

So with Hollande we have higher chance that France will break down under itself and a Euro without France, well, that might get “interesting”. But well better we end this
socialists Euro sooner than later…. Let the French live and do as they like, let’s just hope nobody else has to pay….

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It never rains but it pours.

Posted on 2012-04-29 by fdominicus

Well we see the catastrophes coming.

Spain, Greece, Ireland etc. have suffered (and are suffering) severly under a credit expansin. We know that this will lead to a catastrophe sooner or later.
Von Mises has told us, Hayek hase told us and many others also. Currently it looks as if the Deledefs world-wide would like to be the template for credit induced defaults.

Anywa that is not all that has hit Greece, Span or Ireland. The other big big big problem are the subsedies of the EU. This money was of course not given to the people but other governments for “developing” their countries. And so they did. New streets of highes quality, bridges etc. All a bit larger because of he “expected” growth. Anyway in a free market that never would have happened (at least not so long and that absurd) and now they are hit not only with overwhelming credit but with a infrastructure too big (but anyway one has to support it or it will break down). I guess for the next few years thise cuttings will come and with it another wave of defaults (this time in the building industry)

The problem shows that one fault often leads to another while trying to fix it. And this time they are completly wrong. The problem was credit expansion but now they want even more form that and ECB should finance the states. That surely will not do. It’s the biggest faule they can do. And so the header will struck with force but it’s the Deledefs own fault. They never understand and work for markets always and ever for ever expanding government. Surely the way to hell.

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What does disturb me most.

Posted on 2012-04-25 by fdominicus

Well there are two things

  • Actions of governments
  • Action of central banks

Well in this case I will link to a blog in German:http://www.rottmeyer.de/von-sparweltmeistern-und-anderen-erfolgsgeschichten/

The Irish government has started to support renters. And guess what the prices of renting do not have fallen as much as the prices for houses. That just means the state subsidies do prohibit falling prices on the renting market. Or the other way round the not supported renters have to buy higher prices than they must.
Now if you are loosing your jobs, you may think about cheaper renting. But if you are not supported you loose.

And someones else has to pay the subsidies, that sucks so badly.

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Dear French

Posted on 2012-04-24 by fdominicus

Well chosen. I guess you are as fed with the Euro and EU as I’m. You decided it’s time to
dive down into socialism and a “great” Nation of France.

So vote for socialist an communist is a very proved way to dive down in poverty. And after this poverty come the markets.
So you want a breakdown with a new beginning. That’s one way of doing it.

I’d qualify this way as the dumb way. But well a nation with such a fine history of absolutism, probably has exactly the politicians who want to get there. And you prefer that over something else. So be it.

An intelligent answer would of course be the complete different. You would have send all the Deledefs to hell, shrink your bureaucracy and the power of you elites. Would stop stealing on such a large scale and give
market and the buyers there choice. But I guess one need to have a certain kind of intelligence to see that. So you voted for the crude way. I don’t wish those who have voted for that way luck, I spare that for

Those few liberals in your country which surely will have to suffer the most. Because they are the people who do not drown in debts. To those I say. I’m sorry for you and wish you all the luck. And I’m arrogant enough to suggest them
starting to get their money out of their country and put it into real values elswhere. If France will be cheap to come back. And maybe this time you get some head start (I’m afraid that will just be it a “head” start because after a while the dumb other
voters will vote again to steal more from you) But liberals never have a “real” home. Freedom just wanders along and with it the supporter of freedom. I guess that is what one names fate…..

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You want an impression of debt madness?

Posted on 2012-04-21 by fdominicus

Run don’t go

That’s the world of paper money. All time gold would be cube of 20x20x20. Take that you fiat-money believers.

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Where have all the bloggers gone?

Posted on 2012-04-19 by fdominicus

What’s going on. Where are the Mises Blogger? Since days there is not update from anyone but me?

Do you have find the hidden value from Atla Shrugged? If yes, please tell me. I’d like to emigrate also

There is s much new bad news our there, that it’s depressing. E.g our Bundespräsident thinks the ESM is a fine thing for more solidarity to Europe.
This sucks. The politicians “discuss” if it’s ok to pay day care of children at home.

There is voting time in Greece and France and it sees the left will win. Can you imagine those having started all this misery should have the means to get us out of this crapp

The ECB is considering a new round of money printing and it seems the Fed prepares something also.

So where are you?

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What a choice

Posted on 2012-04-15 by fdominicus

Oh great you US-Americans have the choice Romney or Obama.

I just wonder where the choice is. Big money, big government, big new debts,big new military expenses, big new lies and last but not least
civil rights abolishments in the name of “fighting terrorism”. I has sympathies to you not too far back, but I think this has vanished like snow in sun.

I guess you simply lost how freedom is written and how it tastes. So be it, get you way and do not cry if you get poorer by the day.

Bernanke reload and fire again. You US-Americans are to stupid to see that money as debt is the disease not the cure.

For those not wanting to vote for either of this “politicians”, good luck. To all the others go to the socialists heaven (but you will not be a functionary, just a small negligtible particle) . Bear all the poverty you
wish upon others.

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The sorcerers stone was found

Posted on 2012-04-13 by fdominicus

Money printing does not lead to inflation

Oh yeah. And that from a country which has disappropriated all the private creditors and have ruined the middle class through high inflation. Am I impressed?
You can bet…..

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