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ALLIANCE FO§ DEMOCRACY
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 netzpolitik.org - 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)
Headbomb27/09/12
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
Headbomb26/09/11
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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
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bomb1st Lawsuit against Federal government
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bomb2nd Lawsuit against Federal government
bomb05/10/11
bombOpen letter 16/18/02/11





The deception of investors

The ESM and the fiscal pact also have a direct effect on German savers. In this, the development of previous German jurisdiction at the Federal Supreme Court (BGH) concerning the advice to banks relating to the purchase of real estate shares of the crashed Lehman Brothers plays a crucial role.
The considerations of any miscalculations by the rating agencies with their classification, as for example in the case of Lehman Brothers, did not come into question, their rating remained at the highest level of AAA up to one day before the crash, although the risky position of the US real estate sector was known at the time. A misconception that cannot be denied or devalued even by the Supreme Court. In the same way – in the opinion of the Alliance for Democracy – as the classifications of the rating agencies for the Euro countries were not derived according to economic principles. And yet, the embarrassing AAA rating of Lehmann brothers now has a legal aftermath, although jurisdiction is only slowly coming to grips with the heart of the matter:

1. Can investors hold the rating agencies liable?

The contract partner of the investor is for example the advising bank. There is no contractual relationship with the rating agency. No contract – no liability. This is how our legal system regards the matter in principle. But there is no principle without exception. Must an exception perhaps be made in this case? Finally, it is clear that an investor relies on the ratings of the corresponding agencies and makes his investment decisions accordingly.

The question is still open in terms of jurisdiction. But the game has started. The Higher Regional Court of Frankfurt (of 28.11.2011 - 21 U 23/11) has indeed determined that German courts have jurisdiction. The rating agencies are base in America. They would therefore have to be sued in America. A normal investor cannot afford this at all. A legal trick has helped: the rating agencies have assets in Germany. Therefore, they can also be sued in Germany. Round 1 to the investors!

But now the German courts have to decide in individual cases whether the rating agencies can be held liable. It will still take years until this question has been clarified by all the courts up to the very top, the Federal Supreme Court.

2. Are the advising banks liable for incorrect ratings?

Banks are liable for culpable wrong advice. The principle is simple and clear. But what is wrong advice? And when is it wrong advice? Should banks be allowed to rely on the ratings of the agencies?

Some initial decisions have been handed down by the Federal Supreme Court (of 27.09.2011 – XI ZR 182/10 and XI ZR 182/10). They have cleared the banks of liability. The collapse of Lehmann Brothers could not have been foreseen. In particular because Lehmann Brothers had excellent ratings.

In the cases that the Federal Supreme Court had to decide, the plaintiff investors had subscribed to their shareholdings in September/October 2007. The collapse of Lehmann Brothers however took place only one year later – in September 2008. So only accounting firms must have known of the impending crash; it is therefore amazing why rating agencies claim to have known nothing about it; because the business in bad mortgage loans continued until one day before the collapse. The banks are therefore not to blame, regardless of the question of liability, but the rating agencies. The same game has long been going on with the supported countries of the European Monetary Union, where investors were duped by good ratings or excessively high purchase prices.
These decisions therefore say nothing about what the decision of the Federal Supreme Court might have been if a bank unreservedly recommended investing with Lehmann Brothers immediately before its collapse. Here too, we can only wait to see what course jurisdiction will take.

If fiscal Union were to come, only political ratings would play a role. Necessary reductions in potential national bankruptcies could therefore contribute to borrowing costs being valued more highly, whether through higher risk interest or higher costs for loan default insurance for the respective countries. In this respect, the level of debt under actually recessionary conditions in some supported countries, and also under inflationary conditions, would also be affected.

If politics were to tell the truth, then it would have to explain:

a) The purchasing power of the Euro is no longer sustainable. It will fall further and further. The fiscal pact, the ESM and other measures are intended to avoid the crash, but will ultimately all fail. Unless the emergency brake is applied and the currency finally reformed, although monetary value would also be lost in this way. It is time to implement these ideas, otherwise politics will gamble away the future of Europe through speculation.

b) The current rescue package system is also unsustainable, since it is financed by borrowing. If Euro-bonds were able to be introduced, everything will decline in value, in particular the purchasing power of the Euro, which has experienced significant declines over recent times, would suffer further major losses. Why is there no word on this from the Federal Government or the Bundestag? Because only from this point of view can one recognise the game that is being played here, and how the USA can sink further into debt without such lies, if the Government meets the demands of Congress to reduce social benefits accordingly. The effects are now evident in the USA, but here they are glossed over and concealed. Such actions against the German people are without any democratic basis.

Opinion polls would therefore have a different result, in particular if the questions were not about the basic matter of a United Europe asked, but whether this would also be wanted if it became clear what drastic loss of purchasing power is involved, and therefore also the gulf between rich and poor, whereby the number of poor people would rise very quickly.

On what grounds in Germany – where security could still be guaranteed in the awareness of all the figures – countries like China, which call on Euro countries to comply with their reforms, this then includes the investment of funds in Germany and the threat of the withdrawal of funds, if no other political or legal course is taken in the future.
From these perspectives, the purchase of government bonds from Euro countries can only be rejected. Investors should deliberately keep themselves out of such a purchase – even when this relates to German government bonds which are still considered safe. A well-intentioned piece of advice from the Alliance for Democracy!
The low interest rate currently offered to investors on average for this purchase is no longer in 1.7%, but 1.37%. Not to mention the high collateral, where the issuer Germany can afford to offer hardly any interest, even though it is subject to enormous risk, where the conditions can be overturned overnight. Think rather from the humane point of view of a principle in the reverse way: that the less is offered for your money, the money itself must also be worth less. Ask yourselves the question: what value can paper money still have today? The Alliance for democracy thinks none, or at least nothing you can rely on.
If you want to disregard all this, then you would be best advised to use the worst rating for the corresponding investment (country or company) on the world market.
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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
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 …
Sustainability
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
Hollywood
The aftermath of an election
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
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
De-dictatorisation
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
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
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...
Lies
Employees of public...
Bank union
lose links and ...
Democracy in Germany
Close-up
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
Gauck
The budget in NRW was ...
Penalties for bankers
Bank bailout fund
The female quota
G-20
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
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Treaties between friends
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Elections in Lower Saxony
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Something is rotten...
Secret agreements
Wulff has done...
MSK = DSK
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In the trap
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Euro-political...
The Devil returns home
Members’ salaries
The last
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The energy revolution
Bank rescue
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So much eeriness at ...
Bad management is ...
Goodbye, Greece
General strike
Atlantis
Media in a fog
Euro Finance Week
The Berlin Bazaar
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The suffering basis...
Rescue packages ...
Election of the ...
ZDF
Steinbrück’s earnings
EU Summit in October
Aurea mediocritas
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Double accounting
Tour de force
Testament of poverty
Disservice
€ 8 more
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People have no respect
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Serial Merkel
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Gabriel goes underground?
Kohl’s Ghost
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2nd Outcry against the ESM
Fiscal Pact
Government bonds
ESM
Germany is bankrupt
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Deception of investors
Merkel Referendum
The election in NRW
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Speaking ban
Criminal complaints
Fear of publicity
Top experts
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2011- System correction
Rating Agency Foundation
Contact men
Leading politicians
Transfer union
Membership fees
Referendum S21
Business–Banks–Politics
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
Transparency
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
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More control
Flight of capital
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Germany getting screwed
Investments in countries
The illusion of a ...
General statements
Democracy-...-Dictatorship
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Debt brake
Costs of members
Deceit and lies
Retirement provision
Medal of Freedom
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We are the people
Security authorities
National debt and ...
Apology from the bankers
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The casino operation
Rescue Reactor
Euro rescue
Japan
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