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Euro-thugs / Polit-thugs

Rating-agencies are controlling the crisis. Their purpose is to preserve the power of the banks. This is taking place by means of subjective, if not even fictitious ratings. The investor must be made to believe that trading in stocks and bonds is profitable. So investors pay up, but never get anything back – banks make profits, investors lose.
Realistic rating would have shown years ago that Greece is bankrupt. Instead, rating agencies gave Greece's creditworthiness top rating. Only recently it was downgraded first to C and now to CCC, which means as much as shortly before D = Default. This devaluation should have been made years ago. In this way, investors would have kept the money which they invested in Greek government bonds. And the charade continues: Germany is still rated by the rating agencies at AAA, as if Germany was a flourishing country without debts. In reality, the debts are piling up, compound interest is throttling the German national budgets and depriving politics of all freedom of action. The gambling and gaming continues to the very end, until all possibilities are lost, until the crash. The ones to suffer are the investors and citizens, the only winners are the banks.

We demand honesty, instead of unending window-dressing. Let's face the facts: Greece is bankrupt, and it is not the only bankrupt country – this must finally be reflected in genuine ratings. Greece has been bankrupt since the foundation of the Currency Union, although it has only just been downgraded to CCC. The USA (although the US Finance Minister announced weeks ago that the USA would be insolvent from 1st August 2011, unless the Congress raised the absolute budget debt limit, by US$ 1.43 trillion, which makes up about ten percent of the budget, although this has unfortunately not happened so far) is still rated with the best rating AAA, like Germany, although both countries have immense overall debts (USA US$ 60 trillion, while Germany now has debts of between € 11,000 and 12,000 billion).
The national debt of the USA is about four times that of Germany, which corresponds to the population ratio of the USA compared to Germany. The ratios are equally poor. Although the printing of money by the FED in the USA (currently about US$ 1.4 trillion) and the ECB of the European Currency Union is compounded to a lesser extent by the purchase and holding of ailing government bonds currently totalling € 96 billion (of which at least € 40 billion are Greek bonds), neither the USA nor Germany were downgraded.
The 2nd August 2011 in the USA led to the rating agencies making a one-stage reduction from the best rating of AAA to AA+, with the result of higher-interest government bonds and corresponding price adjustments for investors already holding US government bonds. This blew up a storm, also raising doubts about the calculation methods of the largest agency Standard & Poor's, although this new rating is still much too high. Potential crash situations are therefore being obscured by rating agencies.

Despite its enormous overall debts, Germany still received the top rating for best creditworthiness and reliability in the 2006 assessment of the IMF (€ 8.5 trillion) and its continuation to 2011 (€ 11 trillion), despite the announcement of the federal government that the German cash contribution to the 2013 rescue package in the amount of € 22 billion could only be found by borrowing, in order to push indebted, almost bankrupt countries of the European Currency Union further into debt, to enable their survival for a little while longer. A mockery, and the revelation of a deliberately false classification practice, which misleads small investors, and even the mass of investors. This practice should however be a warning signal for investors. Clever large investors and impassioned shareholders do not trust such unreliable classifications, with the help of which only the agencies themselves and the banks make money, and politics survives for a little longer.
Everyone should carry out their own assessment on the basis of the many and varied sources of information available.

Prime examples are the current de-ratings to junk level, i.e. payment default, for Ireland and Portugal. Much too late. And now Italy. Worse than anything so far, plus Belgium and then Spain. In Eastern Europe, countries such as Romania and Bulgaria and the like, where the IMF is currently working on a "destructuring", in order to prevent worsening of the situation. The significant feature of the whole Euro crisis, controlled by inaccurate ratings, which is increasingly running in the direction of a total crash (also including the USA) is that small savers who have smaller amounts to invest (e.g. pensioners; total savings from € 10 - 40 thousand) are being steered into extremely unsafe investments by pointing to the good rating classifications by the investment departments and their consultants by banks and savings banks.

In addition, the well-known case of Lehmann Brothers and their collapse in the USA, with its effects on many small investors in other countries, including Germany. At the time of the crash, Lehmann Brothers was still rated with the top rating AAA by rating agencies in the USA. Not to speak of the excessively good ratings of other bankrupt countries, who are already being supported by loans from supporting countries, and whose political survival can only be extended for a limited time by incurring further debts.

Alliance for Democracy demands a clear break. Instead of constantly getting deeper into debt and raising loans, there must be a 'zero hour', a new beginning, a new chance: a debt cancellation! Only in this way can the Greeks and other countries get back onto their feet.

The "carry on regardless" approach simply postpones insolvency. The worst form of postponing insolvency is the European rescue package. Here politics is gambling with gigantic summons, and risking the prosperity of whole national economies.

For private companies, delay in filing for insolvency is a criminal act – for good reason: anyone who deliberately delays insolvency damages investors and business partners. Rating agencies and politics should finally be brought to book for delaying insolvency. Germany is clearly guilty of aiding and abetting the delay in filing for insolvency of otherwise insolvent European countries of the Currency Union via its rescue package contributions; supported countries delay without punishment.

The pernicious practice of the rating agencies of adjusting classifications to changed actual circumstances much too late cannot be justified either by the fact that these countries currently have guarantees and securities totalling over € 1.6 trillion, because these have been given by countries such as Germany, France, Italy etc. as subsidiary liabilities for the security of future loans. It should be noted by the agencies that these supporting countries and their governments, from the point of view of insolvency regulations for businesses and private persons, would already have had to make their way to the insolvency judge.

The impending insolvencies of countries will therefore not take place in an orderly fashion, but will end in the chaos of bankruptcy. Why? Because of political chaos without any economic understanding, out of which order could have been created in the market to stem the greed of banks and their allied rating agencies. Nothing was done in this respect, neither before the financial crisis nor after it. But insolvency regulations for countries do not exist – as is clearly intended. These are "under discussion". The reason for this lies in the false ruling position of politics, which has been granted to it by the Basic Law (see Link: Debt brake – outsmarted by rescue package contributions in Germany), which is why it has no need to restrict itself, and therefore its obligations, such as the Maastricht Treaty/Stability Pact – Debt brake under Basic Law/circumvention by subsidiary liabilities, crisis funds/Restrictions on topping up due to majority requirements, which can always be fulfilled, because no country will vote against something which will prolong the survival of its politicians, restriction of bank managers' remunerations, but neutralisation of reductions through private law contracts by compensation for the capital value of the reduction by means of contract duration converted into lifelong pension entitlements (vested immediately, and available from age 60).

People speak of insolvency regulations for the countries of the European Union; they speak of alignment of the constitution to those of countries which hold frequent referenda – in particular Switzerland (Norway could also be considered). But because of major differences in the Federal Republic of Germany, adjustments with deviations had to be considered, but were initially postponed.
We know quite well what would be necessary on the part of the government. It pays no heed however to legal or contractual regulations made especially for its own governance (Lisbon Treaty, AEUV, Maastricht Treaty with Stability Pact etc.)! Their observation was supposed to create stability and confidence, but nobody believes Berlin or any other European government any more. The approval of the people in Germany for the policies of its government is at a very low level. The lack of action, for example lacking insolvency regulations for national insolvencies of all countries, associated with orderly insolvencies of countries which in the event of the existence of such regulations as for private persons and companies would long since have had to make their way to the insolvency judge, since this would be equivalent to the abolition of political activity as currently practised today. There is much talk, but no action. Anyone who talks a lot and fails to act has something to hide, wants to procrastinate and bumble through. In a direct democracy with referenda, that is not possible, because of the control of parliamentary laws and decisions exerted by the people. Politicians must therefore think before they speak.
In countries without direct democracy, boundless mismanagement reigns (no definitive solution in Europe on the grounds of the decisions of 21st July 2011; neither in the USA, despite or perhaps because of the decisions of 2nd August 2011 to increase the debt limit, but also corresponding savings measures for the budgets). The situation is so disastrous that even German party politicians are demanding increased supervision by politics and government, for the purposes of fulfilling their obligations for regulatory policy of our free market economy, like the former Foreign Minister Hans-Dietrich Genscher (in the Springer-Verlag/Bild).

Investors, the great majority of whom are small investors, have been and are still being ripped off by banks and the rating agencies (commissions/brokerage/surcharges), they are being fobbed off with much too little interest (with far short of the promised creditworthiness and reliability) given the exorbitant risks (the higher the risk, the higher the achievable risk interest must be), and exploited with price losses of their bonds when de-ratings are made much too late following acquisition.

The little man who believed then pays for the third time via his share of tax revenue for politicians re-elected by him and their political decisions in favour of rescue package contributions by his country.

And in the event of a crash which is unavoidable, he pays for the fourth time by drastic reductions in his buying power. One prominent US economist forecast that the unavoidable bankruptcy of the European Currency Union must occur by the year 2016 (other economists expect its bankruptcy by the year 2019 at the latest).

If what was reasonable had been done immediately, instead of all the political madness, a concerted devaluation or a currency reform must have taken place long ago, before or on the foundation of the European Union, with consequential and corresponding devaluations of the individual national currencies.

Only such a policy could have both prevented the haemorrhaging and exploitation of people to the fourfold extent described above, and preserved part of their buying power, and thus part of their livelihood.

Following the German government's involvement in Greece in 2010, a top banker, Ackermann, of the Deutsche Bank responded in the media and the press to the question of how he estimated the risk for the German support contribution in the amount of the first instalment of € 22 billion, and the fact that Germany would never get this money back. He cannot be reproached for this with anything by the Germans. Never. He has covered himself well with this public statement.

But in view of this estimate by the General, why have banks and savings banks recommended, sold and earned money from Greek government bonds? The ratings ran contrary to this statement/estimate, and signal buying recommendations for junk bonds. The General was until recently still holding Greek government bonds in his Deutsche Bank AG in the order of € 1.9 billion, which were not doing anybody any harm there. In all of this, the federal government and its ministers, and the Chancellor in particular, is a puppet theatre full of helpless puppets, sending out invitations on the occasion of the 60th birthday of Mr. Ackermann at the taxpayers' cost. He should have invited her with her troops at central headquarters to this event, at the cost of the shareholders of the Deutsche Bank in Frankfurt. But with the connivance of politics, this democracy is not about the interests and welfare of the German people. The rescue packages continue to meet with the agreement of the banks and the rating agencies as a false argument for the continued support of these countries. But by whom? By those who have deeply indebted themselves, and continue to do so (with cash contributions) and assume subsidiary liability, in order to enable bankrupt countries, with their new additional debts, to avoid default (Stage D) for a little while longer from the point of view of the rating agencies and banks.

Constantly new debts on top of old, whose consequence then can and will be the national bankruptcy of the country – even if rescue package contributions become payment obligations on the part of the supporting country. Without having formed any reserves for this eventuality, and without having received any securities in the form of mortgages of any sort from the supported country when assuming liabilities in the form of guarantees, securities and cash payments! Or have we?

No. It was not reasonable to require a foreign country, even if an EU country, to provide securities for the money provided by the ordinary taxpayer. It was simply a matter of helping the new united Europe to succeed – cost what it may – although almost all European countries, and not only those of the European Currency Union, would have to have made their way to the insolvency judge on foundation of the EU, if the insolvency regulations of German law had been applied.

How will the ordinary taxpayer get his money back in the event of default of the supported country and/or the impending crash or before then under equivalent law?

He just has to go without even more of his livelihood and buying power for the sake of multi-culturality in the EU, before and in the crash. Which in the transfer union will be the case in a delayed manner due to the savings packages which will also be required here. Which is why heads of government still hesitate, since in the event of Euro-Bonds, countries needing support will hardly be of a mind to apply such savings measures seriously; especially since there will then be the general Euro liability community, which does nothing and compensates for the deterioration. An insane policy directed only at the survival of politics, for only a short while longer, and against all the interests and the welfare of the people it is supposed to represent, and by whom it is in some cases still elected. But this is only the minority when considering the voter turnout. The masses of those who did not elect them (the majority of people in the country) must also bend to them, although the part of the total population which voted for this policy is, from the direct democratic point of view, already tending towards "undemocratic"!

A Merkel coup should have been to involve private creditors and institutional investors for Greece on a voluntary basis, since it would not be legal that only the ordinary taxpayer should bear the burden. German banks then announced that they were prepared to provide € 3 billion. At this point the rating agencies finally decided that they had to save face, despite the common means of existence with the banks, and therefore announced down-ratings. The banking sector may and will also be behind this, in order to immediately set limits to its "voluntary" generosity in the course of the "Merkel coup" (see above) – because of the manipulated and then lacking readiness ++++++of the agencies to maintain the previous better ratings.

Our advice: Trust nobody.

1. Don't trust politics. Their real prime function of creating political frameworks has never been fulfilled, neither before nor after the last financial and economic crisis. There are no guidelines or framework to set limits beyond which the economy and the banks may not go.
2. Don't trust rating agencies. Politics is not doing its job of governing, not with regard to the Euro crisis. Nor are the banks, officially. Here they keep themselves out of shady business. American rating agencies are responsible for this. They present themselves as objective and neutral, with scientific analyses. It is them who are dictating the crisis of the European currency and ensuring dominance on the financial market, namely the banks' market with the aid of politics. Politics is powerless. Profits are privatised. Losses are nationalised. The taxpayer is asked to pay by the banks when investing his savings in worthless government bonds in the form of commission and brokerage. Because of the still too favourable rating of the agencies, he must accept later losses to his investment, and on the other hand has to cough up for German rescue packages made up of contributions from his personal tax revenue.
All Euro countries, all their investing and tax-paying population, the whole population of Europe have been manoeuvred into a position of dependency in the interests of the banks, as long as savers and investors who invest in bonds continue to rely on the ratings as a barometer and warning light function for their investment decisions. They would be better off not doing this. If however they were more reticent in buying bonds, the funds which would then no longer be available to ailing European countries would still come out of their tax revenue by means of additional rescue package contributions, although at least without being subject to brokerage, commissions and charges by the banks involved. Rating agencies have applied down-ratings much too late in the past. With prompt down-rating, they would have been able, indirectly, to achieved debt relief and at the same time also protect the small investor against greater down-ratings which would in any case become necessary at a later stage. They would have had to bring about the devaluation (they were not only able to) – in the extreme case the absolutely essential currency reform in the European Currency Union. 3. Don't trust the big banks and financial institutions, which as described in 2.) have the same commercial interests in maximising returns, and who need the confidence of their customers, but very often abuse it.

Anyone who gives their trust can be easily deceived. We only have to look at Lehmann Brothers, who at the time of the crash still held an AAA rating, or Citybank, which has now changed its name to Targobank following the massive frustration and displeasure of customers because of its advice with regard to Lehmann shares, which were still considered by agencies to be particularly safe and reliable. A warning particularly for all small investors who trusted the rating agencies and therefore the investment banking departments of some banks and saving banks, although this does not refer to all such institutes.

Ratings accordingly mean nothing. Trust only yourself and your own nose, your own gut feeling, if you still want to make such investments at all. The German government has realized that the ordinary citizen is falling too much into a financial trap, if in addition to all this he has to bear the burden of supporting other European countries almost alone – because of the decisions of the government and Chancellor Merkel. The "coup" attempt was therefore made to enlist the voluntary support of institutional investors. This only succeeded to a relatively limited level, and was then slowed down even further by agencies with the (apparently) concerted threat to reduce the rating drastically to the point of default if private creditors became involved. Debt burden should be assumed, but this must not be debt rescheduling. The ECB is also weathering a heavy loss on the Greek government bonds it holds to the tune of € 40 billion. The aim is to relieve debt without causing a country to go bankrupt.

Politics and the bankers are hounded by their own mistakes. Adverse effects are threatening everywhere. Things can also get very uncomfortable for us in Germany.

Ratings decide, and the banks have an indirect part in this. The Graw Hill Corporation, NY, USA is worth mentioning here. Politics can achieve nothing. Politics and the Chancellor are completely dependent. This once again proves the truth of the saying that politics is simply a freeloader on the economy.

The idea of a European competitor to the three major American rating agencies Fitch, Moody's and Standard & Poor's is only good from one point of view; overall no great benefit even if the German economy wants to combat the US agencies and their analyses with the Chancellor. For what is this intended to achieve? That European rating agencies wait even longer before downrating bonds etc. than US agencies already do?
This intention could well be within the realm of the possible, but would not be feasible without some trickery behind it, if managers of agencies still think anything of themselves and an objective means of action. Nor if banks have any influence. There are some boundaries which nobody can cross. The thinking behind the urgent desire for own rating agencies in Europe is obvious. People fear that after the downratings made (Ireland and Portugal at junk bond level, with the same imminent for the USA and Greece, and also to some extent conceivable for Italy, as now under discussion) their own creditworthiness and reliability might suffer and they themselves could also be downrated from AAA. These are consequences with grave effects regarding the interest, possible price falls and costs of higher credit default insurance etc., and therefore also for the further survival of politics at all.

Remember to look very critically at investments in German federal securities and German government bonds, because current ratings, which still stand at AAA, can only be trusted if you place value on investing in one of the bankrupt countries still currently in the best position – although at laughable interest rates.

Because of the much too favourable rating, the interest rate is much too low, and should be much higher because of the overall debt established and then continued by the IMF, because the investment is much more risky than without German rescue package participation, because of which payment obligations resulting from assumed liabilities may be triggered for Germany at any time, which in one year of a legislative period could lead to national bankruptcy and therefore the complete loss of your investment. Very high interest rates – not just 3% – are necessary, particularly for the smaller investor. He should however no longer get involved. For these incalculable risks to his investments, he still has to pay commissions to the institute directly, and agencies indirectly, and be prepared for higher future price falls. This in particular shows that trickery abounds wherever possible in order to delay the long overdue crash, enable the survival of the economy and extend the term of office of a few puppet politicians.

Considered objectively, German politics can rejoice over American ratings. The necessary downratings from the USA have been and are only too slow in arriving. What Europe and Germany – and Dr. Angela Merkel as well – intend by the founding of European rating agencies (for whose founding € 300 million is already reserved), is in effect to have these agencies wait even longer on the grounds of their European analyses before applying necessary downratings. This would mean an even worse procedure in comparison to the American rating agency conduct for the people of Europe at the European level than via the US agencies previously used – although from the point of view of the real risks, US agencies downrate much too late, and therefore mislead everybody – to the benefit of banks and politics.

The small investor, who at the same time is a taxpayer, is therefore asked to pay up in several ways and contrary to the objective requirements of all these considerations; the way things are run is therefore constantly and increasingly directed against his interests and welfare – although it is exactly his interests and welfare which are sworn to be protected by the oaths of office. False oath has therefore clearly been sworn by top politicians, although according to the current legal situation and highest jurisdiction, this offense is not punishable.

So what else can be achieved by European rating agencies? Competition. This certainly does not run in the direction that with downrating concerted in the USA and Europe, the agencies could wait longer. And if the activity of the US agencies in Europe were no longer possible, despite the Internet, such considerations relating to regulation and supervision in Europe are being entertained in the European Commission and also in the minds of European politicians in individual European countries – this too would only create the possibility of further misleading, swindling and exploiting the small investor to the benefit of economic and political lobbyism. For the economy to achieve dream returns of over 25%. Politics could then survive longer in the state of insolvency, without finding a definitive solution, which could still prevent the crash if not expressed in the form of a transfer union.

It is to be hoped that there will be no prohibition of the US agencies in Europe, but at most new competition. But this is just a dream of German and European politics, because such a European rating agency or European rating agencies or competitor agencies are no solution.
We can expect nothing different from them than from the US agencies – unless control is exerted by the connivance of economics/banks and politics, and they agree on even further exploitation of the man in the street.

Preventing this is also an objective of Alliance for Democracy.

Investors should basically refrain from being influenced by classifications of the rating agencies. They should cease using them as a barometer and the basis for their own decisions, but should decide independently according to their own feelings on the basis of a wide range of information available from other sources. In this way, they will best be protected against future price falls, than by the often much too late adverse situation, recognisable at the time of purchase – including for the agencies – of the economic situations of the countries issuing the bonds. Price falls are inevitable if one allows oneself to be guided by the much too favourable ratings of the rating agencies at the time of purchase of bonds, although it is already known that the situation actually no longer justifies this rating, and it is already known that bonds will be put up for sale whose price falls are also inevitable for the small investor, who when buying them also takes on a double burden in the most negative sense in the form of brokerage, charges and commissions to be paid to the banks, and future price falls. This is compounded by the burden of his contribution to tax revenue, which he has to find for the German rescue package contributions for the support of ailing European countries within the European Currency Union. Added to this is the 4th negative factor for him, namely that the pre-programmed crash is here, and he will then be asked to pay heavily in terms of buying power in the currency reform by means of much lower quotas than without rescue package contributions. He is deceived fourfold, and even more by following US and EU ratings, if the latter indeed come about. Within a capitalist free market economy, the investor is not only ripped off – which is the customary practice – but also exploited; and this corroborates the increase in poor people, for example in Germany to 12.5 million people by the end of 2010, with an upward trend. And this also demonstrates, measured by German circumstances, the proportion of German financial assets held by 95% of ordinary citizens. This corresponds to only 5% of total German financial assets.
On the other hand 5% of the population, the rich and super-rich, own 95% of total German financial assets of about € 5 trillion, i.e. something over € 4.7 trillion. In other words, this means that the normal citizen, leaving aside the proportion of total German financial assets relating to the 5% of rich and super-rich, has only around € 250 billion distributed amongst around 77 million people, while around 4 million people in Germany own € 4.7 trillion, together with sometimes immense material assets.

Without having to go into this any further, it is justifiable within the context of a capitalist system of a free market economy with permanently favoured social character, to speak of a slave state, at least in parts, as it is usually found in dictatorships, and in early times for example in South America and similar countries. The reason is to be found in the decades of mismanagement by politics, and in growth rates partly financed by borrowing, which did not and cannot represent true growth, but simply expansion founded on credit. These have lead however to excessive state and private expenditure. And naturally to the unusual prosperity of profits of companies in the economy overall. On the other hand we have the gradual impoverishment of those who first made the economy and politics possible at all; the normal citizens (who are ultimately liable for everything). Those who after reconciliation of their per capita share of wealth against per capita share of the overall debt have a minus amount, i.e. only debts. And it is only they who help companies to realise their ideas through their work in production by also providing the demand for these products.

The situation will worsen, particularly in view of the dominant position of the banks and the rating agencies behind them, not only in the European region, but especially in the bankrupt USA, which from 1st August of this year will be insolvent if the debt limit is not increased. And in all this, remember that in the crash of Lehmann Brothers (USA), the American rating agencies maintained its top rating of AAA.
What deception. The small investor would only have an advantage if European rating agencies downrated earlier than US agencies: He would be warned earlier, would invest less in bankrupt countries, and even if it still happened to him, he would have more interest, and the banks would earn less commission. On the other hand, more rescue package contributions not subject to commission would become due from his taxes for the support of countries from which he is buying fewer bonds, which ultimately can lead in turn to higher taxes for him.

All in all, the cat bites its own tail. In this case the cat is politics. And when one considers that this powerless, driven politics is increasing parliamentary allowances for its members to an extent of which the average pensioner can only dream, then we can only clutch our heads in amazement when it is known that these members of parliament, including all their predecessors in the German Bundestag have each been responsible over the last 62 years for € 19 billion of debt, and now do practically nothing else but pass resolutions concerning the unsuccessful rectification of their own mismanagement through majority decisions in parliament.
In contrast, one can only emphasise that it is right that the salaries of board members in flourishing DAX companies were increased disproportionately. Because the billions in profits being earned here must be contrasted on the part of the German Bundestag and its members only with losses, which are administered by them with new decisions, or increased even further by means of subsidiary liabilities (the ordinary taxpayer is at just as much of a disadvantage with the former as his interests and wishes go ignored by politics).

A waiver of part of these allowances would be appropriate in view of what has happened in terms of mismanagement through majority decisions in the German Bundestag over the last 62 years. And what could be achieved with European rating agencies and their establishment would only be more mismanagement of the country, more national debt, which the man in the street has to pay for out of his taxes, while at the same, the pension which a member of parliament can expect is increased once again for lifelong payments by means of the allowance increases with their indexed retirement provision.

Rip-offs and exploitation are everywhere. Here it is the members of parliament, who have done nothing that could be called efficient management, but have instead mismanaged the country for decades. There has been no single budget over the last 40 years which has not resulted in further national debt for Germany.

The rejection of a realistic point of view by politics – including in relation to the economy via the major bank sector – can only be judged by medicals anymore. We are also thinking of lacking talent of politicians in charge of regional banks with mismanagement to the tune of billions. National and regional hospitals, which were instigated by politics itself, have a still unutilised contingent of open and closed departments in forensics.

What is more important however are the possible findings of a Dr. Risse from the year 1981:
"I have discussed the reasons for his behaviour, which always seem to be more important than the disputed legal question, with a psychiatrist. Psychology, thought the wise man, assumes that most actions of people are based on considerations which have no foundation. And where, I asked, would sublime reason be, if you were right? You only get involved, replied the man, where the actions of people are made not for no reason, but for the wrong reasons. I like to think, he said in closing, how small the number of reasonable people is, although we all possess reason."

This should be borne in mind by parties, their chairmen and chancellors, presidents and ministers.
The number of reasonable people in politics is no longer discernible.

Politics which serves the people, instead of a decades-long policy of bankruptcy, will only become possible again by means of direct democracy with plebiscites and referenda, with the resulting control of politicians in parliament and the government itself. People do not need political leadership which deceives and exploits. We need politicians who serve, and must obtain this for ourselves. An insight here would be the simplest way, by means of which the current Chancellor and her European colleagues, in concerted action in the European Currency Union and for the whole of Europe could also prepare the way for leaving a better monument than for less sensible major projects such as Stuttgart 21 and the like, which are completely unnecessary, because this is not progress in the real sense, but simply a waste of money. For progress is a dream of politics and its institutions under public law, and also for the German Railways, because there can no longer be temporarily possible short-term growth periods, something with which the CDU Party Conference also concerned itself in November 2010 in Mainz – namely that the establishment of quantitative growth is no longer possible; compensation in the form of qualitative growth is the way out of the crisis. This is however mathematically implausible and also totally contrary to the chances of high growth rates which the Chancellor proclaimed prior to her election in the media and the press.

Since politicians obviously have no further insight for serving politics, Alliance for Democracy and its friendly organisations will continue the struggle until a corresponding amendment is made to the constitution, if necessary also by campaigning for a totally new constitution in accordance with Article 146 GG.
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
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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
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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
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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
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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
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Stumbling Match
Deutsche Bank under Pressure
The Crow …
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Shot in the Arm for the Economy
Political Crime Novel
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Recommendations in case of a crash
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European rating agency
The last elections
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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
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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
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Drawn from left to right
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65 years of the Basic Law
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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
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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
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The resurrection of "doctor" Schavan
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Counterfeit money and false fifties
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New fellow citizens
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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
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Left party politics
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Wiki-Leaks +
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High finance and party-politics
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With full intent
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Deception over the Fiscal Pact
The failure of the government
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Euro rescue by means of inflation
Asylum for the Chancellor
Discussion over democracy
Complaint against ...
The apparent vote ...
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Paid E-mailing
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Siegfried the Brave
Draghi wants more...
Fraud by forecast
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TV duel
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False average
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Parliamentary absentees
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Schroeder’s homage
Gay marriage: only policy
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Penalties for bankers
Bank bailout fund
The female quota
News about the Euro rescue
The war of the currencies
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NPD ban
Rating agencies
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Elections in Lower Saxony
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Media in a fog
Euro Finance Week
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Steinbrück’s earnings
EU Summit in October
Aurea mediocritas
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Government bonds
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Merkel Referendum
The election in NRW
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The aberrations of E. Pols
Speaking ban
Criminal complaints
Fear of publicity
Top experts
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2011- System correction
Rating Agency Foundation
Contact men
Leading politicians
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Membership fees
Referendum S21
Misplaced doctors
State Trojan horses
Petitions ignored
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Bonds by the ECB
Member states
No access
Political lobbyism
Conditions like in the East
Sponsorship funds
Development aid
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Rescue packages
Supercrash in USA and EU
The 'Soli'-Lie
Vladimir Putin
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More control
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Euro summit
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The C in CDU and CSU
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General statements
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Debt brake
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Deceit and lies
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Apology from the bankers
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Party Competences
The East-Mark, ... ,Euro
Sister Merkel
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The casino operation
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