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

Unbridled Power

Since the ECB’s decision on 22 January 2015 to buy up government bonds and other debt securities for €1.14 trillion until the year 2016, Draghi’s plan has excited brokers, and market values are responding. See our report. On 23 January 2015, the DAX was already climbing, closing at 10,454 points. At this writing, Thursday, 5 February, 14 days after Draghi’s memorable intervention, the DAX stands at 10,894.64. It might close at 10,911.32 (as it did yesterday). The 11,000 mark is enticing, but the scheme concocted by Draghi & Co. still isn’t enough to push us over it.
Draghis’ action gave the crisis countries another breather, while helping many businesses make profits. Government bonds, on the other hand, lost. The yields for 10-year government bonds in Germany fell to 0.43% (currently the low point). Government bonds in Spain, France and Italy also lost value. The ECB currency seems to be junk vs. junk.
With the Greeks forming a new coalition government from leftist and rightist opposition parties and threatening to abandon the euro, the ECB responded by stating that it would stop accepting Greek bonds as collateral to grant liquidity to banks. This tough measure is to take effect on 11 February 2015, probably about the time when the aid already provided by the European Community to Greece will vaporize. The Bank of Greece will now have to fill the liquidity gaps. The ECB is probably hoping that Greece will buckle under the pressure and come crawling back into the arms of the debt union. Angela Merkel has always talked about the domino effect, and probably meant that if there is a crash in one European country, there will be a crash in all of them. And that is true. This makes it all the more understandable that the ECB, Europe’s bad bank and the only power in the race toward the collapse of the euro, does not want to let Greece leave the debt association. The euro countries were once in favour of financial aid to Greece as it stumbled, even though this was a violation of their own guidelines, and bailed out one of the two Greek state banks, supposedly to protect the Eurozone from the domino effect. Now, the ailing Bank of Greece, which could bail itself out by disentangling itself from the euro, is expected to stay in the Eurozone at any cost, instead of freeing itself from the unsustainable costs of staving off the euro’s demise and putting its own currency on the market, which could revive financial trading and the financial market. This won’t prevent the domino effect. It will change the situation, though, because the Greek market will not collapse and the currency will recover if other countries follow suit by abandoning the austerity programme and the euro. Moreover, before Alexis Tspiras was elected and announced that Greece was going to abandon the austerity program, it was clear that the ECB had found another way out. Starting in late February, the ECB can start buying the government bonds of all other Eurozone countries. This will not be available to Greece until July 2015. This is due to the fact that the purchase of the bonds is limited to one third (33%) per issuer, says the ECB, which limits itself regarding the purchase of Greek securities. The 33-percent limit has long been reached. Starting in July, the ECE can purchase more, because then the old bonds will have matured. Since the current EU aid programme ends in late February, and after 11 February the ECB will no longer accept Greek government bonds as collateral for ECB loans, the ECB should be liable for the fact that Greek banks, which already depend upon the trickle of money from the ECB, must now turn to Greece’s central bank for emergency loans at much higher interest rates. This situation will be unsustainable for Greek banks and the ECE is counting on that. It is hoping the country will go bankrupt so it can pin this on the new government, which is merely making a real effort to obtain help with debt restructuring. This is blackmail and therefore a punishable offence. However, there is no court in the world that will convict them. And that is a pity.
Meanwhile, the euro has dropped to $1.14. The Americans dominate the market – the dollar is gaining. The euro is weak in comparison to all other currencies. Greek Finance Minister Gianis Varoufakis may be courting German support for his country’s new debt and austerity policy, but German Finance Minister Schäuble cannot be counted on to help him, because he can’t. Nor can there be any hope that a “Merkel Plan” will produce any results. Unlike the Marshall Plan, Merkel does not have enough influence in Europe to make any decisions, only the ECB does. Moreover, Merkel and the ECB cannot count on the strength of the euro with its continued to decline. So, Greece has no hope of being bailed out at all if it reaches a pact with the EU.
The government of Alexis Tsipras promised Greek voters a debt haircut. This would be sensible, but his European counterparts rejected this. They were too concerned that other euro countries would renounce the currency and the euro experiment would fall apart. Now Athens is begging for more restructuring. This does not make sense. It would mean a continuation of illicit state financing with the blessing of the high court.
The ECB, with its scheme to buy government bonds has unleashed the cheap euro, ruining the Greek’s chances of leaving the Eurozone before the country goes bankrupt. Because every euro country is broke and is only delaying insolvency for an indefinite period or until the euro loses all value. Then, it’s all over for everyone. The politicians are probably hoping it doesn’t happen during their time in power.
More than ever, the EU’s actions makes it clear that it wants and will even impose this debt policy. If Schäuble is telling the Greek government that it must revoke its electoral promise and remain in the Eurozone, then the German minister has exposed himself as a criminal. He accepts the ECB’s extortion scheme and the public debt, which can no longer be paid back, and the costs of staving off bankruptcy (along with the aid), as well as the hushed up and ludicrous programmes at the expense of the German and European people run by a reckless and irresponsible party dictatorship, which itself forbade any opposition and refused to accept the rulings of the top courts. This is a waste of valuable time which could have been used for actions that could actually have saved the euro. But that didn’t happen. As long as a party dictatorship is in control, nothing will change in Europe. The Troika should be dissolved and the structure of the EU reformed by the European people for Europe and not for political party and government circles who have squandered the trust of the people with their senseless actions.
We hope that the foolishness of the minister, the Merkel government and the ECB will lead to the immediate collapse of the euro. This could shake up the world domination of the U.S., to whom Europe and the ECB have surrendered, in printing a surplus of money that will not stabilise the euro, but make it weaker.
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