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ALLIANCE FO§ DEMOCRACY
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No agreement and hopeless bankruptcy delay

After the last summit, at which the Finance Ministers of the Euro countries on Thursday (June 28, 2012) once more or still continued to discuss how they intend to deal with the Euro crisis, calls were made for a banking union, or in other words, plans for the improvement of the supervision of banks. Such plans would have to be worked out, but this banking union is dividing Europe. Some want the banks to be placed under joint supervision, while others, including Germany, reject such a move, because they fear that other countries will then be able to help themselves to German savings.

In contrast to the Federal Government, EU circles expect an agreement on a banking union. The “master plan” of Council President Herman van Rompuy provides for a union, which should include three elements: A European banking supervision body, the common security of deposits for private accounts, as well as a rescue system for unsteady banks financed by the banks themselves. Christine Lagarde, head of the International Monetary Fund (IMF), and the European Central Bank (ECB) amongst others, had already pressed for the introduction of a banking union.

While it is being discussed throughout Euro circles how the crisis of the Euro can be brought to an end, one thing is clear to the Alliance for Democracy: Since the Maastricht Treaty was violated, there has been no prospect of bringing the crisis under control. Irrespective of whether a banking union, ESM/fiscal pact or Euro-bonds are introduced, disputed and voted on, none of these instruments can counteract the crisis, or finally save the Euro. All these discussion subjects are only intended to exacerbate the crisis and delay the insolvencies of the individual countries, including the national insolvency of Germany. <

Mrs. Merkel may continue to vehemently resist Euro-bonds or the debt union (that says it all: debt union!. So deeply have the Euro countries fallen into doubt that they now proudly present a debt union – which no one can pay for, not even the interest. This is outrageous and can hardly be in the interest of a national community.) With the approval of the decision at European level (in the March 2012), she has contributed to the fact that the Bundestag/Bundesrat (vote on the 29.6.12) waved through the ESM and the fiscal pact “on the nod”.

And all this despite the fact that the Federal Government must have known: all national budgets since 2010 have been doctored budgets, the federal budget for the year 2013 is voided by the guarantees that Germany intends to make to the ESM (€ 310 billion). When the real thing occurs and a Euro country, such as Spain or Italy, declares national bankruptcy, the Germans will have to stand security for this country with their tax funds, even to the level of the national budget (which is already financed only by credit because implicit and explicit public debt mean that no viable budget can be passed), and all in contravention of legal principles that the Euro community actually conceived for the protection of the Euro. This would be followed by German national bankruptcy, and one that the Government could no longer conceal, as it has done so far from the Germans (and also the Europeans). The German press ignored this failure of politics to let the people know what it is doing: That the game is up. Investments and savings have long since been gambled away. And it also fails to mention also that all addition debts incurred in excess of the ESM, or by possible cash injections by the ECB or the additional purchase of ailing Government bonds, can further delay national bankruptcy, so that political / economic lobbying can survive and profit. In case of the introduction of Euro-bonds, the existing bankruptcy would immediately become apparent in the national budgets, because the interest for German bonds would have to be paid and could no longer be settled by means of rescue packages.

This financial aid act as a lever to super-super indebtedness, because in addition to the use of rescue package contributions (ESM) also by banks, this would involve higher rescue package contributions to the detriment of the Europeans, since the (future) amount of support given by the ECB will further worsen the situation of the people (in Germany and the so-called supporting countries). In view of this increase in monetary supply or flooding of the market, there can remain very little question of a stable currency. We must instead speak of and expect sharply rising inflation above and beyond recessive phenomena. The ECB has thereby lost its status as an independent institution. To now confer supreme bank supervision on the ECB would be the final cherry on the cake, and could hardly be beaten for stupidity and ridiculousness. And it is therefore all the more amazing when Angela Merkel still guarantees a stable Euro under these circumstances. The situation thus created weakens the Euro, making proper, undoctored national budgets impossible.

All this must have been known to the participants at the summit, including Mrs. Merkel. And so everything she said at this summit can only have served the purpose of delaying German national bankruptcy further. The sacrificial lamb that Mrs. Merkel is supposed to have become at this summit, as claimed by the German press, is by no means the right image. The fact is: If Euro-bonds are introduced, German bankruptcy will become obvious, and that is why Mrs. Merkel is against it. This will conceal a similar function of banks and further indebtedness of the people. That concerns all European nations, especially Germany, because all bank losses are ultimately borne by the people, and those which are not borne by the the banks, increase the debt and reduce the currency conversion rate in the event of a crash, which is no longer avoidable. By this means, the people have since 2010 been saddled with costs for a state apparatus, politics, parliament and national government whose sole reason for being is the delaying of insolvency. By this means, the people will be robbed of their last cent, leaving them with nothing of the investments and savings garnered over the last 60 years.

Nevertheless, the credit rating agency Egan-Jones, known as the specialist service-provider for major investors, reclassified Germany from “AA-” to “A+” – a further downhill step for Germany. As reasons, the money market analysts, according to the news agencies mmo and AFP, stated the intentions of Germany to take over Greek debts and the debts of other Euro countries, which restricts Germany’s financial power and German creditworthiness.

And the banks too are preparing for possible bankruptcies. At least if the following report in the ‘Stern’ is accurate. According to this report, nine major international banks have been instructed by the US financial market regulator to submit emergency plans on how quickly and efficiently they could be wound up in the event of their own failure. The Deutsche Bank would also have to give consideration to its own failure. The Frankfurt Institute is one of the largest on Wall Street with its US subsidiaries. All this can mean only one thing: The world economic crisis which will follow the Euro crash should at least be made controllable! We will see to what extent the globalisation of the banking world can help to save the world. The Alliance for Democracy believes that this will require other heroes; not cowards who simply shrug off their guilt onto the people – as usual!
On the 2017 Federal Elections
No Restraint
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
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65 years of the Basic Law
Hypocrisy
Who will save the life-insured?
Minimum wage
Minimum Wage I
Minimum Wage II
Minimum wage III
Minimum wages IV
The minimum wage V
Arise for revolution
The European elections are an act of dictatorship
Switzerland and Europe
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The impossible triangle
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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
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
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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
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De-dictatorisation
GroKo = Große Kosten (great costs)
The sluts of the SPD
What the grand coalition will present to us
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The new “tithe”
The people’s sense of justice
Trauma of coalition negotiations
When will it finally come, the Constitution for the united Germany?
Investors and savers
Finally, Mr. Ströbele
Church and State
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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
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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
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Left out
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Leaders in politics
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Every effort ...
Berlin Joint Welfare...
The casino of Cyprus
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Bank union
lose links and ...
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False average
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At the end, Mrs. Lagarde?
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The wool has been ... II
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Schroeder’s homage
Gay marriage: only policy
Gauck
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Bank bailout fund
The female quota
G-20
News about the Euro rescue
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Stalemate in Italy
Merkel’s interests
NPD ban
Rating agencies
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S&P’s in the stocks
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Begging at a high level
Spain in the trend
Treaties between friends
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Secret agreements
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Atlantis
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ZDF
Steinbrück’s earnings
EU Summit in October
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€ 8 more
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Serial Merkel
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DDBRD!
Gabriel goes underground?
Kohl’s Ghost
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Open for business
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2nd Outcry against the ESM
Fiscal Pact
Government bonds
ESM
Germany is bankrupt
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Merkel Referendum
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Top experts
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Vultures gather
2011- System correction
Rating Agency Foundation
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Leading politicians
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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
Euro summit
It's war
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Debt brake
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Medal of Freedom
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We are the people
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Apology from the bankers
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