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The casino of Cyprus as a substitute and addition to the Euro casino

The EMU support for Cyprus has been the main topic of discussion recently. The current situation there is that people with incomes over € 100,000 have to pay a bank levy of between 30 and 60%. Incomes below this level are exempted from such payments, although the German side and also the Troika only wanted to apply a levy of 6.75% on incomes up to € 100,000, with a higher levy of nearly 10% on incomes above this level for the purpose of bank restructuring. The dreadful proposal on the part of the German Chancellor to charge levies also on savings of up to € 100,000 was rejected, because the did not agree. Small savers with balances of up to € 100,000 were therefore spared from this sate plundering of their assets. Whatever confidence there may have remained in the German Chancellor, this has now also disappeared. Not just in Cyprus, but also in Germany.
The situation of the resulting support of the European Monetary Union via the European Central Bank to the tune of € 10 billion – of which Germany is responsible for a share of € 2.7 billion – will not however be enough, and further support will have to be forthcoming, especially since the Cypriot economy is in recession, and cannot attract any investment or industry which might fuel growth. Since this will be extremely difficult, the intention has been announced in Cyprus to achieve a profit situation by the setting up of casino businesses, because the state will have a share in the income from casinos, as well as from lottery companies.
It is well-known that in the case of casinos and lotteries, it is always the players who lose, and the bank or the casino will always be winners. Seen in this way, the state will simply make money out of its population in another way. And with their consent.
In Germany too, such a means might be interesting, if those in power were finally to admit insolvency, or that national bankruptcy can no longer be postponed. However, and in the same way as in Cyprus, such lotto revenue will hardly suffice to restructure the German or the Cypriot national budget. From this point of view it must be said that Cyprus would like to obtain additional revenue for the state by means of newly-founded casinos, but within the framework of the EMU is already part of a huge casino, which in turn has made it possible to support Cyprus at all.
Due to this casino game of the Bank that is Europe, i.e. the EMU Bank, or “bad bank”, to such an enormous extent, it should be possible at a higher level to grant support to Cyprus for those people of the supporting countries of the European Monetary Union who have to be liable for national budgets, and the corresponding taxes were increased, since liabilities inevitably become debts, which citizens have to give away against their will for loans direct to supported countries in the form of liabilities. And loan interest for supported countries is higher than for loans in the national budget, whose funds are passed on to the supported countries. The supporting countries of the European Monetary Union which render themselves liable for the loans of the supported countries are Finland, France, Spain, Italy and Germany. All these countries are bankrupt – they are simply delaying insolvency and should not really even be in a position to support other countries.
This has only proven possible because the supporting countries and the responsible politicians of the European Monetary Union were aware that there is good business to be done by way of casinos and lottery companies. This was recently applied to the 17 Euro countries, and Euroland became a bank, which automatically turned all the people of the supporting countries of the EMU into casino-players, at the highest possible risk, with taxes and debts and their future working incomes, as security for liabilities for loans of the supported countries. Without ever being asked!
Since it is known that the bank always wins, this means a great deal of profit, which the European government cliques want to make their own: it is therefore obvious that new casinos will be added. If from this pint of view a bank, i.e. a casino and also the casino of Europe, must statistically always lose, then it must have been known from the beginning to the leadership clique in the EMU that they are making every citizen into a loser, and that all citizens can be compared to nothing more than customers of bad banks, which if they are not supported, must declare insolvency. The support is also taken over by the people in the bank-casino case themselves, because politics is playing with their working income, and particularly that of future generations, if there would still be any scope for the realisation of insolvencies following such a postponement. This however can fail at any time, for example if countries such as Italy, Spain, Belgium, Portugal, Greece etc. and also Cyprus become insolvent, and their liabilities turn into debts, which must also be repaid out of national budgets, ultimately at the cost of citizens and their assets.
From this fact alone, the schizophrenia of this casino game is clear to see: by splitting into liabilities of citizens privately and such liabilities of citizens for loans which have been absorbed into the national budget and then passed on to the supported countries, without making use of these private liabilities of citizens, in order to be able to take out their own loans with banks, at much higher interest rates, so that they can then support themselves. In this shameful way, the citizens of the supporting countries are enticed with higher interest rates than if loans had been taken out via the national budget, at much lower interest terms, and in some cases even negative interest on government bonds in the case of Germany, with those which should be a payment for the high security, which does not even exist.
So that the supporting countries can stick to the fiscal pacts of their own making with their national budgets, as regards new debt and overall debt, which they were unable to do before the liabilities were transferred to the citizens, i.e. before the rescue packages had been agreed and realised.
The new debt and the overall debt limits are being exceeded either by some supporting countries, and also by Germany at the moment, only with regard to overall debt, especially when this rescue package liability cannot be assumed, but by working with loans in the national budget, which results in completely different new debt and overall debt percentages. The work is carried out with the aid of lies and deception.
The official line is that everything is in order. But nothing is in order. The Chancellor in responsibility for her agent the Federal Finance Minister, must accept the accusation that she is lying when she says that new borrowing cannot be set at zero at a certain time, which can only be the case when working with rescue package liability, and cannot be the case if this schizophrenic construct is ignored, and that the support of the supported countries is in fact effected via borrowing in national budgets.
If new debt in Germany is to be reduced to zero by € 6 billion in savings (of which Mr. Schäuble once dreamt), this is not possible without working with liabilities, but in actual fact, as in comparison the supported countries can also only do because they do not have the possibility of liability constructions, and have to work with them via the national budgets, then the new and overall debt limits, which have been introduced via the rescue package liabilities in order to conceal the true situation, then new debt of zero would only result if not only € 6 billion, but at least € 7.5 to 8 billion were to be saved. Good note of this should be taken by the Chancellor and her agent, the huckster Schäuble. This policy borders on the effrontery of confronting many peoples, through the press, with lies by the government and the Chancellor. This is embarrassing for the Germans and flies in the face of the dignity of all Europeans (Art. 1 GG, Germany).

But to return to our subject. The casino of the notional Europe AG should have the sole purpose, as the Chancellor has already announced many times on television, of finally bringing an end to the Euro crisis. The end did not come, but the Chancellor continued to govern for a while, unfortunately even until today. Mrs. Merkel never deigned to say for whom this time is being bought, even though in addition to the “party financing” pot, she still has access to membership contributions and the advertising budget of the federal government, as well as the press, which costs nothing at all – at least not to the Chancellor.
This deliberate silence and concealment should finally have the appropriate legal consequences, particularly in the context of Article 1 of the Constitution regarding the basic right to dignity. And this should then apply equally for all Europeans! Thos proves that we have an unworthy representation of interests not only within Germany, but within the whole of the EMU, and contrary to that sworn in oaths of office, that politics can only act for the benefit and in the interests of the people of the country. Since Angela Merkel is well-known for saying one thing and then doing something completely different, it is clear why only 6% of people, according to representative opinion surveys, consider the profession of a politician to be an honourable profession, and why the political clan has still not ratified the UN Convention against Corruption.
This proves how corruptly the political clan acts towards the people. Because the integrity of politicians is assumed de facto, they are exempt from criminal prosecution. This must change in future. The whole casino game involving the EMU and the ECB is therefore nothing more than failure to represent the people. And this failure of representation must also have existed in Cyprus, since such mismanagement of the country would not otherwise have been possible. And it remains unfathomable why it should be supported (as this still remains unfathomable in the case of Greece), in the tax obligations of the past were not observed and this burden is now to be placed on the shoulders of other countries and their people. A country with only 0.2% of the economic power of the complete European Monetary Union would not have affected the overall structure in the slightest. It is equally incredible that such support was nevertheless given by the Troika, namely the European Commission, the International Monetary Fund and the ECB (the actual bad bank is the ECB). And prohibited – the ECB, following the withdrawal of the budgetary authority of the national states and their popular representation, is undertaking unlimited purchases of junk government bonds and simply printing money – for which there is no backing available – despite the known and enormous risks.
This whole procedure it is prohibited under the Lisbon Treaty and the Treaty on the Functioning of the European Union (TFEU). The Federal Constitutional Court in Germany has drawn up a boundary by limiting the support as regards Germany, but despite its prohibition under the German Constitution and the relevant European treaties, has declared the legality of the liability of € 190 billion to which politics has so far committed the country. Added to this are the Target-II claims, which are continually increasing, and are turning the trade in goods more and more into a trade in rubbish, since ailing loans are made for such goods, which are of no use to anybody.
It is unbelievable how the highest German court, in the face of already existing liabilities of around three-quarters of a trillion, can permit a further € 190 billion, producing a total liability of almost 1 trillion, which is already prohibited, irrespective of the amount, or the least support via liabilities and the like for other countries due to the above legal situation in Germany and Europe. And it is equally unbelievable how, following a complaint from Ireland, the European Court of Justice recognises no illegitimacy in the ESM, and ignores justified economic considerations, although the ESM impinges on budgetary authority and holds sway over tax revenue in the same way as lotto revenue of the state. In this way, parliaments have been incapacitated and popular representation abrogated, which is tantamount to the abrogation of democracy itself.
In this way, not only the parliamentarians who make such decisions, presidents or similar heads of state of other countries who also sign such laws, make themselves ridiculous, but it also brings into question the highest legal, and therefore politicised, jurisdiction of a country. This is due to the binding of public prosecutors, an impossible situation for a legitimate state in a democracy, to the instructions of state and national government, and the restriction of supreme jurisdiction in the highest courts, including the Federal Constitutional Court all federal courts, by judges appointed according to party quotas, and therefore amenable to the party, even if they are allegedly independent after 10 years in office, because independence always means that one is free enough to also have the possibility – and this may not be the case in a legitimate state – of deciding in favour of one’s own clan, if it is a matter of their political survival and the appointment of judges to state and political posts is concerned, of assuming that the decision will be made in the interests of the clan.

In comparison to that, it would be inconceivable if in a criminal case concerning the murder of a family member, the head of the family were at the same time the responsible senior judge of the criminal court, and were able to decide in the case of the murder of one of his children or his wife, for example. The judge would be considered to be biased, and not allowed to act. The judges of the Federal Constitutional Court however, who decide on the future of their families, all Germans and the Europeans, may make their pronouncements despite the fact that they are biased, making the injustice even greater.
In the run for the first rescue package act, the supreme legal jurisdiction did not concern itself with the actual facts of the matter, but only with the mutual obligations and rights of the Federal Government and German Bundestag. From this alone, the judges should have been able to determine whether the rescue package act and rescue package liabilities are fundamentally unethical or not.
For if it were unethical or impermissible in the view of the highest court, there would have been no purpose in discussing the rights and obligations of the Federal Government and German Bundestag at all.
With appropriately careful legal treatment under formal law, and also with respect to budgetary authority, the court would have to have come to the conclusion that the rescue package liability structure must be impermissible, because it was no more than a casino game with a number of rescue packages. The Vice-President of the Federal Constitutional Court gave his opinion on this matter in a press announcement in “Die Welt am Sonntag” and “Die Welt” (5.2.2012), together with the constitutional expert Christian Kirchberg. The former Federal President Christian Wulff announced that he would refuse to sign the ESM, and was hounded from office. The former judge of the Federal Constitutional Court Paul Kirchhof also gave his opinion.
The people has become the plaything of a long-lost mission of a government which has long since lost the game. To this extent, all rescue packages are illegal, the ESM and the Fiscal Pact are the scourge of every economic effort. And as far as this concerns the government and also the Federal Constitutional Court, this is a matter of the deception of the people, the greatest of our time and of the coming years. We will see how much more of their time the governments of Europe spend in the casino. One thing however is already clear: They have lost. And unfortunately so have we, because financial care and provision, in whatever form, are currently disappearing into thin air for every European; it will be left to young people to pay for the recession policy of empty slogans and junk bonds.
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On the 2016 German State Elections
Revealed: Colossal Public Fraud in Germany and Europe
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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
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Texts on the liquidation of the euro
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Call in the Army
Politicians Run from Themselves
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Heiner Geißler
Germany Corrupt No More
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Unbridled Power
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