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bombLetter to the IMF relation to the
Headbombno-value-ECM - 05/12/16
bombLetter to the CDU Youth Union - 14/11/16 bombLetter to the IDW regarding
Headbombthe EFSF’s Financial
HeadbombStatements – 19/10/16
Headbomb+ Correspondence IDW -> MFD 15/11/16
Headbomband MFD -> IDW 16/11/16
bombLetter to the european Financial
HeadbombSupervision relation to the
Headbombno-value-ECM - 03/10/16
bomb14th Letter to the Parliament for Judicial
HeadbombReview of the Free-Trade
HeadbombAgreements - 27/05/2016
bombApplication to the Constitutional
HeadbombCourt for Judicial Review of the
HeadbombFree-Trade Agreements - 27/05/2016
bombBILD - Pillory of Shame - 21/12/15 bombCriminal charge of making a false
Headbomballegation against - 17/09/2015
Headbomb+ response of Public Prosecutor in
HeadbombBerlin - 20/05/2016
bombLetter to the Ifo President - 05/11/14 bombComplaint to the German
HeadbombPress Council - 21/11/13
bombLetter to the IMF - 17/10/13
Headbomb+ Supplementary letter 22/11/13
bombLetter to the EU Commission - 17/10/13 bombLetter to the Presidium of the ECB - 17/10/13 bombAgainst the dismissal of
HeadbombFederal President Wulff - 13/06/13
Headbomb+ Response from the Hannover
HeadbombPublic Prosecutor's Office 25/07/13
Headbomb+ Opinion of the Alliance for
HeadbombDemocracy 21/08/13
Headbomb+ Letter to Celle General State Prosecutor’s
HeadbombOffice 10/10/13
bombPetition for the independence of the
HeadbombJudiciary and State Prosecutor - 06/05/13
Headbomb+ response by the Petitions Committee of
Headbombthe German Bundestag - 08/06/16
bombPetition for the introduction of genuine, direct
Headbombdemocracy - 25/04/13
Headbomb+ reply of the Bundestag - 14/11/16
bombPetition against corruption - 25/03/2013 bombCriminal complaint re. Target 2 10/11/2012 bomb1st Constitutional Complaint - against the
HeadbombFederal Government - 21/03/12
bomb2nd Constitutional Complaint - ESM incl.
Headbombsupplement - 12/06/12
bomb3rd Constitutional Complaint - ESM incl.
Headbombsupplement - 18/09/12
bomb4th Constitutional Complaint - Federal
HeadbombGouvernment against the ECB (by CJEU)
Headbomb+ response of Federal
HeadbombConstitutional Court - 06/06/16
bombPress reports 27/6/12 + 24/10/12 bombSpringer complaint 28/09/11 bombDelayed insolvency bombPetition to the German Parliament 31/05/11 bombPetition to the European Parliament 21/06/11 bomb1st Letter to Members of Parliament 23/06/11 bomb2nd Letter to Members of Parliament
bomb3rd Letter to Members of Parliament 19/05/12 bomb4th Letter to Members of Parliament 23/05/12 bomb5th Letter to Members of Parliament 20/06/12 bomb6th Letter to Members of Parliament 27/06/12 bomb7th Letter to the Parliament 27/9/12 bomb8th Letter to the Parliament 15/10/12 -
Headbombagainst Corruption 15/10/12 in addition to
HeadbombPetition 25/03/13
bomb9th Letter to the Parliament 24/10/12 bomb10th Letter to the Parliament 05/12/12 bomb11th Letter to the Parliament - 20/05/13 bomb12th Letter to the Parliament - 16/10/13 bomb13th Letter to the Parliament - 10/12/15 bombQuestions to the Bundestag 27/28/06/12 bombTo the members of the Bundesrat 14/06/12 bombTo the minister of finance 12/06/12 bombSecond Letter to the Finance
HeadbombMinister - 27/02/15
bombObjection to Hartz IV - Judicial Review
HeadbombComplaint BVerfG
bomb1st Lawsuit against Federal government
bomb2nd Lawsuit against Federal government
bombOpen letter 16/18/02/11

HeadbombCriminal complaint re. Target 2

It is about a year since the debate flared up over the so-called Target-2 claims. Bundesbank President Jens Weidmann demanded in the press from the European Central Bank (ECB) a concept for the return of the aid funds, since the Target system is nothing but claims of the Bundesbank against the ECB.
In principle, aid funds are there to fill in gaps for a short time, or to establish by contract the amount and time in which claims have to be settled; this applies to all banks and all loans and claims. The Target-2 claims have however revealed themselves as a means of keeping long-ailing banks alive. It must therefore be assumed that these aid funds will never find their way back to the Deutsche Bundesbank – which currently still amount to over € 500 billion. The Deutsche Bundesbank may demand guarantees and securities from the ECB as long as it likes, but the Deutsche Bundesbank will never see the money again.
Since countries such as Greece import more than they export in times of crisis, and also postpone payment of these invoices, the invoices are taken over by banks. This would be no problem for one or two invoices, but invoices currently amounting to over € 700 billion are a risk for the German taxpayer, because he as a citizen ultimately stands surety for this financial madness in the event that Greece leaves the Euro or the Euro crashes. Nor is it only Greece which conducts itself in this way, but also Italy, Spain, in fact all European banks.
Weidmann said at the time: “Decisions about the redistribution of greater solvency risks of banks and countries between the taxpayers of the member states may only be made by elected governments and parliaments.” And he demanded: “Monetary bail-outs must therefore be limited and temporary, and must not be used as a pretext for postponing necessary reforms.” But this is exactly what ECB President Mario Draghi conceded, and he must have been happy that the issue which landed in the press has largely returned to professional circles, because Draghi has never been able to offer a real solution to the problem. Target claims still continue to accumulate every day, enabling the countries of southern Europe to swap credit debt for bank loans, which the ECB Council also approves. All this hardly serves for the rescue of the Euro, but still blithely contributes to eroding the value of money. It is nothing short of irresponsible how Draghi and his team are acting so unobjectively in this matter.

The Euro critic and President of the Munich Ifo-Institute Hans-Werner Sinn had recognised the monstrosity of Target-2, and at his own risk drawn attention to it in an assessment. Politics and those responsible in financial circles however ignored the assessment, and also ignored the default risks which might end up on the shoulders of the taxpayer. They did not even prevent the increase in the balances (at the beginning of the year 2012 the claims amounted to around € 500 billion, and are today in excess of € 700 billion), which was also pointed out by the Munich economic criminal lawyers and former national chairman of the STATT party Bernd Schünemann in a separate report, who submitted a criminal complaint to the Frankfurt am Main Public Prosecutor’s Office against the Board of the Bundesbank on the grounds of breach of trust (File ref. 7590 Js 217826/12 WI). The complaint states that the Bundesbank should never have allowed the ECB to do this. Clearly this is a matter for government, and again one of the blunders of the Merkel government, which postulates its intent to keep firm control over banks, but at the same time burdens the German taxpayers with further financial liabilities which should not be borne by them at all, because failures of banks remain failures of banks; they are not a matter for the people of a country. And if a government is incapable of averting such an injustice to its citizens, it has failed to comply with its mandate as a representative of the people. As an expression of protest, the Alliance for Democracy has joined in this criminal complaint, just like the Bavarian Taxpayers Association. We will report further.