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ALLIANCE FO§ DEMOCRACY
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Standard & Poor’s in the stocks

The Wall Street Journal surprised everybody on Monday 4th February 2013 with the announcement that the US Justice Ministry was suing the rating agency Standard & Poor’s because of the classification of stocks based on low-grade US property loans before the financial crisis in 2007. Standard & Poor’s, like Moodys and Fitch, rated the stocks with the top marks. The investors who trusted their rating lost billions when the real estate market bubble burst. The Public Prosecutors of various states intend to join the lawsuit.
It remains to be seen to what extent the Agency, which has for many years been criticised for excessively optimistic classifications (again like the other two agencies), which the Alliance for Democracy repeatedly complained of, will be able to talk its way out of the situation.
Previously the standard statement was: the Agency had only given an opinion, and not any recommendation to purchase. With regard to the threat of the current lawsuit, Standard & Poor’s stated: The developments on the real estate market could not have been foreseen.
Such a response falls into the area of legal skirmish; It is more than questionable why trained professionals who are versed in financial matters can claim not to have anticipated exactly this development. Any other would hardly have been possible.
Another explanation can be suggested instead: There was much money to be made from the investors’ losses, and we also suspect: The decisions of the agencies, who also rated American and government securities of other countries, were desired, and they always also concerned Germany, and they served to keep alive the crisis on which the political reputations of the USA, Europe, Germany and all other countries of the world depend.
It must be wished for the investors who lost huge amounts due to the Lehmann crash that their claims will be settled by those who were responsible for the losses; for the inept governments of the USA, Germany and other European countries, it must be wished that the crash of the Euro can now no longer be prevented, and will finally be followed by a long-overdue currency reform, which the Alliance for Democracy has been demanding for two years and this also because the development of the crisis would never have had a different end if the governments had not known how to delay it with tricks and circumventions. All this by excessively favourable classifications – which were even better intended in Europe (as now put forward by the US Treasury).
The banks pocketed fat commissions on the sales – but were selling only junk bonds, which lost value (as could have been foreseen), which must be a nightmare for every investor, because he has to pay up in various ways: By an increase in his debts, liabilities for loans which are taken out by other bankrupt countries, then through higher interest rates (supported countries can only obtain loans at higher interest rates, which are passed on directly to the investor as debts) and by higher taxes (e.g. charges for cash payments into the ESM; no matter whether for Euro countries, or as currently under discussion even for non-Euro countries). Added to all this is the fact that citizens must also stump up for the purchase of junk bonds by the ECB (27% of which is borne by Germany) and within Germany the socialisation of the losses of the banks, which helped them to their profits, which in turn were lost through speculation – all within the terms of the Financial Stabilisation Act and the Financial Stabilisation Fund – and to which the two major German popular parties agreed.
This list of failings alone shows the perversity of governments towards their citizens, which did not put a stop to this process and thereby contributed to the loss of value of the Euro – no wonder therefore that the countries of the Monetary Union in some cases piled up enormous debts. None of these countries want to lose their claims in the same way as those citizens who invested in such junk bonds and securities.
It can therefore only be a lie when Standard & Poor’s claim that this development could not have been foreseen. At the expense of small investors, the false appearance of big money was given, and all governments made themselves dependent on this. These suspicions have now been confirmed by corresponding reports.
The joint cause between banks and analysts is thereby revealed; this also answers the question of whether this development could have been foreseen - it was foreseeable, and even worse: All analysts were well aware of the current state of the development. To this extent, the overly favourable ratings for junk bonds could only have been given in order to save the faces of the governments, and in order to maintain the worldwide and national banking business. And once again for the benefit of the governments themselves.
/ The proceedings may take months, if not years. The outcome of the proceedings is expected to be something between the cover-up of the facts and the preservation of the reputation of those people responsible in favour of the preservation of the value of all securities (USA, Europe), because otherwise it would spark the next worldwide economic crisis. Added to this is the fact that those responsible hardly want to forfeit the benefits and fraudulent gains of recent years. Instead, the system will be kept alive artificially, so that the taxpayers and citizens of all rated countries (and this includes all countries) continue to have the opportunity to give their hard-earned money in tax revenue for this mess.
For the USA, which revealed its debts in all respects, this process represents a desirable correction in the democratic sense; for Germany, this means: the Merkel government cannot maintain its claim that the German budget for 2013/14 is safe, because the assumption of guarantees, loans, payments to the ECB and the central banks of other countries will mean that the supporting country of Germany can only sustain itself at all by means of increasing taxes and/or the debt burden of its citizens. This applies to all supporting countries of Euro Europe, and on particular those such as France and Spain, where the circumstances have made it plain that the requirements of the Fiscal Pact (debt brake) cannot be met.
It goes without saying that no investor will buy such bonds any more, because although it is currently only a matter of offences from the Lehmann era, all government bonds are affected by the overly favourable classifications, and are hardly worth more than Greek government bonds. This is a consequence of the development when investment consultants and their glossy brochures have to be taken off the market.
In this context it will also come to light that the ongoing bank bailout is being maintained on the pretext, disseminated by the Merkel government, of having to continue to provide loans to citizens, and will hardly be tenable in future, because growth cannot be generated in this way. Nor will this be helped by the intended (extended) free-trade zone, as announced by President Obama, in order to produce a little growth so as to fend off the long-overdue currency reform for a little while longer (to preserve the faces of those in government). This dissipates all confidence in a Chancellor who will have just as little excuse as Standard & Poor’s that she knew nothing about all these developments.
With the end of the process, Mrs. Merkel will be richer by four worry lines, and she will very much hope that particular facts, which cannot be interpreted in her favour with regard to the “supposed Euro rescue”, will be quietly swept under the carpet.
The entry in the history books under Merkel, Angela will therefore be kept immaculate, and will not contain any references to fraud, or the greatest deception of the German and the American people, and all the peoples of Europe. But all those of the generation of the Euro rescue, and all following generations, who will have to pay for this madness, will know who bears the responsibility for this catastrophe. We can only hope that the following generation, like that of ’68, will finally take the measures necessary to return to genuine, direct democracy.
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The IMF
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
Elmau
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
Hellas
Easter 2015
Deflation
Tidying Up
Insolvency Statute
Heiner Geißler
Germany Corrupt No More
India’s GDP growth
PEGIDA
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
Reforms
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
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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
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Debt cut á la state
Immigrants criticised
Unbelievable assets
Bundesbank closes Money Museum
Lawsuit against bank union
Only the penitent …
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ECB stability report
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The financial industry has learnt nothing
Bribery of MP’s
They are also blind on 2.
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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
Hollywood
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65 years of the Basic Law
Hypocrisy
Who will save the life-insured?
Minimum wage
Minimum Wage I
Minimum Wage II
Minimum wage III
Minimum wages IV
The minimum wage V
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The European elections are an act of dictatorship
Switzerland and Europe
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The Union wears the trousers
Zeroes – commas – nothing!
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Judges helpless
Schavan and zu Guttenberg
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Fight against tax fraud?
New fellow citizens
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But will every European pay?
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Free Trade Agreement
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Soon without cash
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Dutch rating agencies
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De-dictatorisation
GroKo = Große Kosten (great costs)
The sluts of the SPD
What the grand coalition will present to us
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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 +
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The person and their office
With full intent
Elections
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
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Euro rescue by means of inflation
Asylum for the Chancellor
Discussion over democracy
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The apparent vote ...
Courage, Mrs. Merkel!
Paid E-mailing
Only one month to go
Siegfried the Brave
Draghi wants more...
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The casino of Cyprus
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Bank union
lose links and ...
Democracy in Germany
Close-up
Our money is not safe
Out of order
More spirit of ...
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France in need
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False average
The fight against corruption
Parliamentary absentees
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At the end, Mrs. Lagarde?
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The wool has been ... II
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Schroeder’s homage
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Gauck
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The female quota
G-20
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Serial Merkel
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2011- System correction
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State Trojan horses
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Transparency
Sponsorship funds
Development aid
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Supercrash in USA and EU
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Vladimir Putin
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Euro summit
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