Are you really serious?

Dear US-Citizens are you really serious to vote for Obama again?

Have you ever considered whether he has lived up to his announcements?

Well it seems it does not matter. So vote vor Obama again and bear the consequences.

I wish you all the luck you’ll need.

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If lies do not cut it any more

Maybe we see the end nearing. The debts worldwide were soaring the last 3 years and still there is not relief.

It can not come as a surprise to the austrians, liberals or libertarians. What we have seen was and just is “credit expansion”. The central banks manipulate everything and
so we do not have any idea any more about “prices” for money. Just remember what I wrote some time ago:https://mises.org/Community/blogs/fdominicus/archive/2011/09/08/who-could-be-suprised.aspx

Feel free so just search a little through older entries and I also suggest having a look at: https://mises.org/Community/blogs/tincho/

I also wrote about what one “should” try. There is one problem which will bite you whenever you are just having money in one country. This money is prone to expropriation. Especially worse is it for countries nearing the default or being in default. Greece should be a warning for every one. There are now at least 3 levels of creditors. IWF and ECB as “primary” creditors, ECS has not suffered any losses (all the papers bought were change to papers with the same nominal value), then come banks (they were partly bailed out, either through ECB, FED or other central banks and they could probably keep there looses below 50 or so per cent. Then comes the private creditor. They had to suffer losses beyond 80 %. That’ s what will happen world-wide. If you think this well be a Greek specialty, think again and doubt it. If you believe the Fed, ECB or whatever political power will not do the same, you can start burning your money immediately.

There will be always problems if you are just “invested” in one country. The laws change and nobody will grant you anything. You own government does not shy away from robbery. So if you have all your property in your country they will get you. So be suspicious and send your money overseas into different areas. It’s unlikely that you will loose everything at once following that route. But be cautious, one larger country getting into default will have implications on other areas also…..

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Getting back to my predictions a year or so ago:

JFYI https://mises.org/Community/blogs/fdominicus/archive/2011/02/03/my-predictions.aspx

There you have it:

  1. money still is printed and it seems some prices are starting to show it. (so I guess this can be seen as: On it’s way)
  2. money hardly can get cheaper (wrong. As it turns out at least the ECB has lowered the price for money again one trillione for 1% for up to 3 years. So with this we do have negative yields.
  3. well the Dax has risen a lot in the last year and even since the starting of the year. So indeed it seems I got that right
  4. it’s to early to decide but at least it holds for all the over-debted countries. where everything goes down investements will also. And that is all too true e.g for Greek, Italy, Spain
  5. This was on the point. You can see that all the plans for “saving” just means more taxing.
  6. Well the first level surely was reached. You can check any statistics about Greece and Italy and will find capital exports. (So well I guess we’re on a “good” will say bad day here.
  7. ) Absolutly on the point. The suppression of simple democratic rights, can be seen with the “non-election” of Mr Monti as prime minister in Italy, the ESM, the change of bought Greek bonds form the ECB which were the only one who get a full nominal value of the bought bonds. Whereas the Privates were disappropriated. See all the laws for more surveillance etc. So yes this has come even worse than I could imagine.
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Now it's obvious

As written yesterday I was going to a demonstration against the ESM.

In short the outcome feels devastating. We were just around 200-300 participants. So now we probably got on idea on how the last democrats at the end of the Weimarer Republik may have felt.
95% of the Germans seem not even know what ESM means. Those who have to decide upon it seems to be eager to sign the next Ermächtigungsgesetz. Indeed roughly 800 000 Germans have protested by some mail etc. That’s well 1% of the population. And now one can see the “merits” of democracy

The majority does what it wants and the minority has to obey. That’s great. And so we may have more than 50% of the inhabitants taking one of the other subsidy of the state. And the other nearly 50 % have to do what? Pay. (and pray it won’t get more)

It really feels the world has gone mad. Normal behavior is now some kind of absurdity. And stealing from states a “blessing”. Well so be it. Anyway even if it would have been me alone, I would not care. It’s not of anyone that I’m doing this “stupidities” it’s because it’s for me. One day this system of slavery comes to an end and maybe my children remember one thing. Father has not take part into it, but tried to fight it wherever he could. This times have one strange new thing. Things I write here may stay here for a while. Even beyond my death. And so there are others we do not forget. Think of the books of von Mises, von Hayek, Rohtbard. They are still there to guide us, and warn us and see the Motto of the old Mises blog: Proceeding Ever More Boldly Against Evil. It’s not those wanting to leave in peace and sound money who are the evils, and if there is not much we can do we still can write, think, speak. I will proceed with it, do the same and we’ll be maybe not fine but at least better 😉

Next stop for me is to file a suite against the ESM at our Bundesverfassungsgericht, I do not believe a second that the majority will decide against ESM and that our Bundespräsident will not sign this Emächtigungsgesetz. He speaks of freedom, we’ll see what he means. Signing ESM would just be another broken promise and I assure you that would not be of any suprise to me. I even dare to say the Bundesverfassungsgericht will not stop this Ermächtigungsgesetzt. But if there is one left who may do, it’s this highest court of Germany.

I dare to say you US citizens are not better of either… We’ll see what your supreme court will tell us about the ObamaCare…..

Anyway this systems come to an end. Maybe not today, maybe not tomorrow maybe not in even 10 or fifty years, but they will go done. And that’s a good thing.

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Probably of no interest

but I’m gong to a demonstration against the ESM today.

One always can hope……

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Is ObamaCare against the constitution?

Well if you follow this blog you know that I’m absolutely against forced blessings from states.

It seems that it’s really against your constitution also. I’m very excitedly what your Supreme Court will decide.
I just can hope for you that they judge it as illegal.

You should IMHO start fighting for your freedom. And the only way to get there is to start limiting the power of your governments and military complex.
I hope this law suit, will give you starting point. If not, well then you know you have to act now. There will be no amiable later later…..

I repeat myself but I warned your about Obama. And everything gets even worse than expected. I suggest to end the president ship of him now.
But as it seems you still prefer another lier and another conservative which probably does not even no what freedom means.

I’m sorry but you behave at least as stupid as we Germans. Instead of freedom you choose slavery I’ve no idea why.

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I guess a lot of jobs are unsuitable to me

I just am astonished, there are more and more jobs on my “don’t” do it ever list.

I’m obviously completely lost as politician, because I do not want to rule (and to be honest I do not want to get ruled either)
I’m absolutely not suitable for any job where my payments would come from states. All the time I’m just thinking on how to get rid of those “people”. If I just see anything which does harm the Eurocracy and our government I’m quite happy….

I could not even imagine working e.g for the EU. It would be as if I’d betrayed myself beyond all hope. Anyway I sometimes feel I have to
try getting active in politics just for a freer life of my children. But I’m also new that my ability to lie is very limited. It always have served me well to be
frank and straight. There are those who can’t bear that, but I’ve to say I do not care.

I wonder how one can move something in politics without joining this circles? Do you have suggestions?

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Why I like the Internet

My daily bread is computer programming, so maybe this explains it in just a few words 😉

Anyway what I live about the Internet is it’s voluntariness. Agreed some must use the Internet. Indeed here in Germany companies are forced to use
it for their tax declaration, but I think most are visiting is because they want. And what I like especially is that there is not state there.
Yes I know the servers must stand in some state. But that’s not the point, there are not those who rule and those who are ruled.
And it’s as near to a free market as one can think.

I just ask you my (roughly 200 readers) a day. Can I force you to visit my pages? The simple answer is no. In a way you are free to
spend your time here or elsewhere, and I’m free to write some entries may they be as stupid as one can imagine or not.

As everyone I have my preferences and I’ve to admit some of the comics I’m reading regularly just amazes me. I just pick one
http://questionablecontent.net/index.php I do not remember how I found it, but I like it. I even liked it so much that I bough the printed comic. I got it from the
US. How should I ever have learned that this thing could be of interest of me without Internet?

I can visit sited of liberals, communists, socialists and whatever. No one can know wherre my browser lead me or command me not to go wherever I like. This is what I understand under freedom.
The freedom of choice, the freedom of discrimination. The freedom to decide by myself what I will see and what I won’t. Indeed I’m very happy that one day
human invention spirit came up with the question: Can I connect two computers?

They could and now you in maybe the US? Australia or wherever can read (if you like) what this “stupid” german writes here? Isn’t freedom great?

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End of the boom?

Well times they are changing ant it seems the car manufacturers are entering really rough see. The selling in February are down to a minimum
back to at least February 2003. So indeed we know we’ll see what will happen. If the sellings should be that low through the year, I bet we’ll
here of a new round of subsidies.

Why do I think that, well we have bail-outs for banks, states etc. and we had the paying of 2000 € back in 2009 or so for buyers of new cars. And
we know that there are markets and banks and there are system relevant banks. The former can go out of business, the later shall not.
So I guess this will be after the markets. A new play ground for politicians and a new incentive for the mangster (manager + gangster) to start
getting system relevant.

As we also have learned with Greece, the bail-out are not to help the Greek but to help banks and insurances and pension fonds. So yeah it seems we do
not just have system relevant banks but system relevant insurers. So why stop here? I guess sooner or later we’ll get system relevant car manufacturers.
And quite a few more, till we all are system relevant but could not be “bailed”-out any more. Gods moves may be mysterious but the way of our
good-doers are very obvious. Poverty for all with the double-speak saying “wealth for all”.

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Examples

of von Mises credit expansion, and less disturbed markets.

Since a few month there is just one way for stock: up. Driven by?

Well as we learned some of the companies (in the IT section) are earning really big. Isn’t it amazing? They live under constant price pressure, and indeed falling prices since at least 20 years.
Now you can buy mobile phones with more computing power as super computers some 10-20 years ago. And here in Germany we have more mobile phones than inhabitants. This is a an example for
more free than strangled markets. Assume other area where less is regulated etc. So indeed they are earning their money. People want to have this phones.

There are other areas where much is earned (even measured in records) the German car industries. VW, BMW they nearly never have earned more. Fair enough it’s with ol’e fuel burning cars. The so wished for cars driven by electricity do not have any real market share. Again people seem to be willing to buy German cars wold-wide

But what about all the other raising prices. Well AFAIK they are driven by “free” money. And indeed this money was not earned but “generated” from central banks, and this money disturbes every thing. We simply do not know any more what parts of the raises are due to “demand” and which one are just due to the inflated money base. The prices are loosing more and more their indication value of sparseness. And that is the von Mises credit expansion. There are “success” stories of employment but is that really true. A lot of figures to seem to indicate this is not the case. And who publishes this statistics organization of the states. In Germany we just know one thing the low paid , half time working day is on the raise. I can’t tell if it’s due to the people wishing to work shorter times or simply not finding normal paid working days. I can’t tell, but at least it seems this is not what most are wanting. But the raising part-time working days do have effects on everything. Of course the people do earn less, and so they surely demand less. And this means the current fired demand by “cheap” money can end and in fact will end one day. We do not know when, we’re lacking the “base” information undisturbed do give us. Most of the prices are not set any more by offers/demands, but by prices set independently just by different taxes.

We know e.g that oil prices are near their highs from around 2008. We also know what has happened the last four years, will it be different this time? We can doubt it. As von Mises has told us, some day credit expansion has to stop. The earlier the better, but the central banks to have prevented that “healing” for now at least 2 – 3 years, and if we follow von Mises this means the crash of whole currencies is inevitable. So yes be happy that the stock prices are raising, but do not forget to sell in time….

As I wrote examples of earning and burning….

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