share Recommend this site to a friend
deutsch deutsch
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

Rescue packages incomprehensible

We have been concerned with rescue packages ever since they have existed, and particularly those which are intended to bring the Euro crisis under control – finally. But how should this happen, if hardly anyone understands how these rescue packages work? In essence they are loans, which bankrupt countries make to other bankrupt countries. These are then called supporting countries and supported countries. Supported countries can no longer doctor their budgets so as to observe the excess debt limits of the EU. The worst example of this is Greece, which at best concealed its deficits on entry into the Euro community; however, it very soon became clear that Greece is bankrupt. This alone is a damning fact, but it gets worse: The other Euro zone countries continue trying to avoid making their way to the insolvency court, Ireland and Portugal quickly followed the Greeks, and they have recently been joined by Spain and France. We Germans continue to make a fuss about declaring bankruptcy, or at least our representatives do. Thanks to furtive and false, and in any case too unenlightened press reporting, the message of the abrupt end of the Federal Republic is still being kept under the table for the time being. This serves the government, which maintains itself in office, it serves speculators who make money from the dying Euro, it serves the banks and bankrupts, who want to maintain the business status quo at any cost.

If there had never been any rescue packages, the Fiscal Pact, which has been and still is regarded as a requirement of support to supported countries, could never have been observed by the supporting countries themselves. What a disgrace. Due to the structuring of liability – liabilities are not statistically recorded as debt – national budgets have been falsified, which in this situation could not have turned out any better, so that through direct support of governments, i.e. countries, new debt and overall debt limits, such as those allowed for in the Stability Pact, the Maastricht Treaty and the debt brake then enshrined in the German Constitution have all exceeded their limits. Confusing? Still not enough, because politics never reported on this, and the press also remained silent. Reprehensible enough!

Regardless of this, this construction became a burden on the people of the supporting countries – it was a concerted action of the supporting countries, which are now all operating with rescue package liability structures. And details were there by ignored only to realise rules for the bending and breaking of the law, which stopped the crash, but which entail costs for the people.

Let us look again at Greece. The Greeks deducted little in the way of taxes. This uncollected taxes were the breaks that forced Greece to its knees and finally brought the country to the point of collapse. Now that support is being provided, the people of the supporting countries are now jointly liable for the missing tax revenue, which could have been obtained through proper control and supervision, assuming obligations on the part of the supporting countries for the Greek state. Unbelievable.

Whether now those Greeks who have paid no taxes at all or those who paid taxes already – both cases exist – will now move their harvested capital abroad, raises a new question:

      1.If Greek funds – as has already happened to a large extent – are moved to Germany and other supporting countries, then a settlement will take place via the German-Greek dual taxation agreement, so that taxes on capital income for example, which were earned by Greeks in Greece, and should have been liable to taxation there, will also result in an influx of taxes to Greece from the supporting countries under the dual taxation agreement, where such agreements exist, following the transfer of capital from Greece to the supporting countries by way of settlement.

      2.If however a transfer takes place to countries with which Greece has no dual taxation agreement, there would be no influx of “withholding tax” or similar from such countries to which the major part of the capital transferred abroad was actually transferred, which could then flow back from these countries to Greece.

      And this is particularly true for Case 2 as for the required support because of unpaid taxes of the Greeks, as long as they kept their capital in Greece, while we now pay for rescue package contributions, like the citizens of other supporting countries, which become all the more necessary as the Greeks transfer more and more capital to such countries.

It would be interesting to know what thoughts are being entertained in the Federal Ministry of Finance and the relevant ministries of the supporting countries of the EMU. The main question however remains: Why were such imponderables not excluded in advance?
Apparently such thoughts have not occurred to them, so that liability must now also be assumed for such losses in Greece brought about by “fugitive capital”. This in turn raises the following question:

      1.Should we not be giving urgent thought, on the basis of our Constitution and constitutional institutions, as to how this is already the case in a different context?

      2.Should the second head of state receive a higher remuneration so that such thoughts are incorporated into the work? Or should the amounts not be reduced instead because of failure?

BILD wrote recently that “due to the supposedly increased, huge responsibility of the Chancellor for the Federal Government and the whole of the people of Germany, the proposal was made to at least double or triple her remuneration as Chancellor – or in any case to increase it substantially”. Well, the boards of the 30 DAX listed companies had already had this idea, but then they are not the BILD. A decision on the matter is pending, but the suggestion alone is highly alarming.

The remuneration of the Chancellor, including her salary as a member of the Bundestag must be of an extremely high level, or too high a level , measured by all of the political work which has served only to maintain her position and prevent the crash of the Euro, to the detriment of the purchasing power of the currency, and the associated poverty of both young and old, and the gambling away of the pensions and care provisions of the German people. For this would mean: a reduction of her salary.

To increase her remuneration would mean giving the Chancellor recognition for all her misdeeds, that the Germans were satisfied with the work of the Chancellor, and that she was therefore worth a bonus.

There is however no such satisfaction. This was shown by an opinion survey, the results of which were published by BILD on 6.11.12: 69% of the population are far from satisfied with the work of the government. This means: a reduction in salary.

If the 30 boards of the DAX companies, in the interests of their shareholders, are of the opinion that Mrs. Merkel is carrying too much responsibility, because she has to navigate her way with such difficulty through the Euro crisis and the debt crisis of the European debtor countries, then we may say that it is true: Mrs. Merkel has so far prevented the crash, although she will never rid herself of the responsibility for the impending bankruptcy. And this will not be helped by increasing her salary. There are other reasons behind this recognition on the part of big business:

A large part of the growth of the past, which led to an overlying development in debt rates, benefited the economy, but would not have benefitted her to the same extent in all countries of the EMU, if these had to implement austerity measures. Because the limits set for new debt disrupt existing economic activity. As long as the current situation can be more or less maintained for the economy, the Chancellor performs an extremely important role for the major capital backing the economy, which benefits industry and the industrial location of Germany, which still holds 5th place amongst the industrialised nations. And for this reason and this reason alone, Angela Merkel holds 1st place in the Forbes list of the world’s most powerful women for the second time. There can be no other reasons for this, because she is a puppet of big business and has led the people into a situation which has resulted in debts of immense proportions. This is beyond the responsibility of any individual. But it is the fault of Mrs. Merkel.

And this means rather a reduction of debt, because there is simply nothing more to support the vast sums of money for which the German taxpayers are already liable, in order to comply with liabilities and guarantees, and at the same time finance the budget of the country. Neither for the Chancellor, nor for the parliament, which is incidentally also responsible for a debt rate of ca. € 20 billion per council seat since the foundation of the Federal Republic of Germany until today – this can no longer be referred to as democracy. Perhaps a contrary proposal would be appropriate: Performance-related pay for politicians!
The Financial Dictatorship’s Democratic Façade is Crumbling
On the 2017 Federal Elections
No Restraint
Trump’s Election is a Warning for Germany’s Political Parties
Year-End Selection of Texts
CDU Party Congress 2016
IMF Crisis Management a Failure
Deployment of the Bundeswehr in Germany
Crucial Test with International Implications
Ever Closer?
On the 2016 German State Elections
Revealed: Colossal Public Fraud in Germany and Europe
Nettlesome Politics
The Press
As We Begin 2016
Legal Action
Clever Shifting Tactics
New Charges in an Ongoing Saga
Evil under the Sun – The G20
Political Paradox
Game over for Merkel
The Greeks are making history
Clash of the Titans
FIFA Roulette
The Beast Roars
The Silver Lining
Pulling in Opposite Directions
The Deafening Silence
Texts on the liquidation of the euro
Wasting Time
New Rules, Same Impetus
Call in the Army
Politicians Run from Themselves
Tax Policy Loopholes
Europa without the Euro
Alternative to the Euro
Easter 2015
Tidying Up
Insolvency Statute
Heiner Geißler
Germany Corrupt No More
India’s GDP growth
Rescue Fever
Unbridled Power
Heaven on Earth
Getting down to the Nitty Gritty
1-0 in Favour of the Opposition
The Junk Currency
Oil War 2014
Golden Goodbye
The Ukraine Aid Debacle
World Tax Authority
Demonstrations in front of the ECB
Promises and Trust
Democratic Deficits
Nothing is safe
Fit for a Museum
At Christmas 2014
Family Voting Rights
Clueless Advisors
Pension Debacle
The Balanced Budget Lie
The Wimpy Currency
Acid Test
Two Very Different Issues
Who is Ruling the World?
More Clandestine Employees
The Recession Principle
Is This Really Better?
Kohl and Merkel
Debt Brake Debate
Merkel and the democracy
Tax Losses
Totalitarian Collectivism
Regrettable Incident
Wulff’s Attorney Brings New Legal Action
The ECB in the Crossfire
Former Constitutional Judge Sceptical
A Lovely Gathering of VIPs?
German Banks Need Money
Stumbling Match
Deutsche Bank under Pressure
The Crow …
Papier‘s Morality
Shot in the Arm for the Economy
Political Crime Novel
ECB Soon to be the Eurozone‘s only Bad Bank
Demonstration for Democracy
Award for responsible action
Recommendations in case of a crash
Final move
European rating agency
The last elections
Hartz-IV is enough
Mr. Putin, please cry!
No longer worth anything
Free trade agreement
1st September 2014
The election in Saxony
Special European Summit
Bankers are counting on it
Debt cut á la state
Immigrants criticised
Unbelievable assets
Bundesbank closes Money Museum
Lawsuit against bank union
Only the penitent …
ECB stability report
Cowardly warriors
The financial industry has learnt nothing
Bribery of MP’s
They are also blind on 2.
The Stability Pact
Avoid Obama
Thoughts on Merkel's birthday
Megalomania’s children
Niebel’s Low Points
On László Andor’s speech
Snowden should say nothing
Reduction of interest rates
OECD report
A great blunder
Germany as a driver of growth?
Farewell, housing allowance
Sick health service
The EU Commission knows about popular deception
Draghi gives a warning
Self-praise stinks
A forced affair of the heart
Drawn from left to right
The aftermath of an election
65 years of the Basic Law
Who will save the life-insured?
Minimum wage
Minimum Wage I
Minimum Wage II
Minimum wage III
Minimum wages IV
The minimum wage V
Arise for revolution
The European elections are an act of dictatorship
Switzerland and Europe
Protection of the Constitution and services
The impossible triangle
The standard pension
Schäuble tricks again
The old “Welt”
The Union wears the trousers
Zeroes – commas – nothing!
Book publication
Court Condemns Politicians
The highest German court
Parties for the European election
Freedom of the press
Dispensation from obligations
European Elections
European election
The resurrection of "doctor" Schavan
Per capita assets
Federal Constitutional Court – Accrued gain and provision
ESM - ECB - the flood of debt
The hysterical Republic
Review proceedings against Wulff
The own goal of the High Court
Judges helpless
Schavan and zu Guttenberg
Human rights
Counterfeit money and false fifties
Fight against tax fraud?
New fellow citizens
So many ministers
Democracy the Turkish way
But will every European pay?
Data protection
Tax havens
Free Trade Agreement
Data thieves at work
Expropriation of the citizen
Soon without cash
NSA Investigation Committee
Dutch rating agencies
Officials in the German Bundestag
Snub for banks
Repeated deception of the people
GroKo = Große Kosten (great costs)
The sluts of the SPD
What the grand coalition will present to us
Federal Public Prosecutor versus the NSA
The new “tithe”
The people’s sense of justice
Trauma of coalition negotiations
When will it finally come, the Constitution for the united Germany?
Investors and savers
Finally, Mr. Ströbele
Church and State
Left party politics
Is the Constitution democratically legitimised?
Needs must when the devil drives
Wiki-Leaks +
The CDU and its donors
State of emergency
High finance and party-politics
People and stock market
The person and their office
With full intent
Private retirement provision
It’s all about the quota
Deception over the Fiscal Pact
The failure of the government
Not really more money for the unemployed
Surpluses in health
Euro rescue by means of inflation
Asylum for the Chancellor
Discussion over democracy
Complaint against ...
The apparent vote ...
Courage, Mrs. Merkel!
Paid E-mailing
Only one month to go
Siegfried the Brave
Draghi wants more...
Fraud by forecast
Germany illegitimate
Election gifts
Left out
Youth unemployment
Public relations...
Leaders in politics
The rubble women
Every effort ...
Berlin Joint Welfare...
The casino of Cyprus
Ratings and bank union
A Conservative party...
Employees of public...
Bank union
lose links and ...
Democracy in Germany
Our money is not safe
Out of order
More spirit of ...
TV duel
France in need
Finances in the ...
False average
The fight against corruption
Parliamentary absentees
Bravo, Mr. Weidmann!
At the end, Mrs. Lagarde?
On the subject of Cyprus
The wool has been ... I
The wool has been ... II
The problem of inertial ...
Schroeder’s homage
Gay marriage: only policy
The budget in NRW was ...
Penalties for bankers
Bank bailout fund
The female quota
News about the Euro rescue
The war of the currencies
Stalemate in Italy
Merkel’s interests
NPD ban
Rating agencies
War-games again
S&P’s in the stocks
Political control
Mrs. Schavan, how...
Begging at a high level
Spain in the trend
Treaties between friends
Joint determination...
The most blatant lie...
Lower Saxony has...
Elections in Lower Saxony
Why have we called...
Something is rotten...
Secret agreements
Wulff has done...
Outcray against the ...
Politics is breaking ...
In the trap
The Target-2 system
The Devil returns home
Members’ salaries
The last
Bankruptcy regulations...
The energy revolution
Bank rescue
Inactivity of the ...
So much eeriness at ...
Bad management is ...
Goodbye, Greece
General strike
Media in a fog
Euro Finance Week
The Berlin Bazaar
Careless love
The suffering basis...
Rescue packages ...
Election of the ...
Steinbrück’s earnings
EU Summit in October
Aurea mediocritas
The veneering process
They have lied to us
All scapegoats together
Double accounting
Tour de force
Testament of poverty
€ 8 more
In honour of Helmut Kohl
People have no respect
Nonsense and insanity
Pensions are not safe
Serial Merkel
Bad, bad, bad
People are not ...
Kohl’s merits
Deliberate false statements
Outwardly fine, inwardly...
Gabriel goes underground?
Kohl’s Ghost
Hopeless bankruptcy delay
Open for business
Outcry against the ESM
2nd Outcry against the ESM
Fiscal Pact
Government bonds
Germany is bankrupt
Loss of democracy
Deception of investors
Merkel Referendum
The election in NRW
Ongoing election campaign
The aberrations of E. Pols
Speaking ban
Criminal complaints
Fear of publicity
Top experts
Real, direct democracy
Get rid of German President
Back-door politics
Competition for the office
Angela's wrinkles
Vultures gather
2011- System correction
Rating Agency Foundation
Contact men
Leading politicians
Transfer union
Membership fees
Referendum S21
Misplaced doctors
State Trojan horses
Petitions ignored
The lever effect
Bonds by the ECB
Member states
No access
Political lobbyism
Conditions like in the East
Sponsorship funds
Development aid
The transfer procedure
GER is doing itself away
Rescue packages
Supercrash in USA and EU
The 'Soli'-Lie
Vladimir Putin
A plea for direct democracy
Distrust of the Chancellor
More control
Flight of capital
Euro summit
It's war
The C in CDU and CSU
Deceit and lies
Germany getting screwed
Investments in countries
The illusion of a ...
General statements
GER-insurance society
Debt brake
Costs of members
Deceit and lies
Retirement provision
Medal of Freedom
Euro-thugs / Polit-thugs
We are the people
Security authorities
National debt and ...
Apology from the bankers
The Merkel Adventure
Party Competences
The East-Mark, ... ,Euro
Sister Merkel
Ruck-Rede & Oath of Office
The casino operation
Rescue Reactor
Euro rescue