Time for the mind

Archive for the "Monetary" category

The fateful hour is approaching: Tomorrow, on September 12, from 10 clock, the Federal Constitutional Court (BVG) in Karlsruhe is his, eagerly awaited by the federal government fell verdict for ESM treaty and the fiscal pact. . (Whether the period around the 11/12 September austrahlt a special magnetism for the world fortunes formative events - it was up to me, they would have long to return the whole treaty with the remark to parliament, thus saving court costs or "Rejected!" at least to delay the judgment on. I know a mere utopia ...)

Now, how will the judge decide that?

So easy you will not stop the ESM (can or want), although the unconstitutionality of laws bundle is obvious. The responsibility for such a decision should simply too big for them to be (as in my article "European superstate, we come! A dystopia." Run). A European law measure was anyway never blocked by the BVG, thinks the law expert Helmut Siekmann in the Financial Times Germany. However, around 60% of the Constitution Experts believe, the newspaper added that the sign off of the ESM shall subject to harsh conditions, probably similar to the Lisbon Treaty - at the time a similar limbo ...

So what the judges are going to do? This entry »

In recent years, the financial industry is heavily under fire: The reputation of bankers has become even worse than that of the politicians, and Occupy has shown that more and more people can always offer less of any "monetary authorities".

Nevertheless, in the mainstream media there were in relation to relatively few documentaries that really critically the background of the financial crisis-rayed, is set out on the search for the true causes and not only took the losers, but also the profiteers under the microscope. Usually only the surface has been touched, if at all.

This appears to be changing for some time. Exposed I have three contributions that have been sent in recent weeks and months on TV and have a lot more depth or provide insights, than what they were accustomed otherwise. Whether it's a coincidence that all of them were broadcast on the First or not, it is praiseworthy in any case. Nevertheless, ladies and gentlemen, director: Such films would have wished much earlier! Now, where there the sparrows from the rooftops, that's no big investigative power more, and also no longer particularly courageous. We can only hope that now take other program makers their educational mission seriously. Viewers want to be in the future more frequently spoiled with such enigmatic food, and please at prime time!

Here are the aforementioned films (in meaningful first): This entry »

At first it was in Germany's finances, which were snatched on June 29, 2012, the state sovereignty. That day was the ESM (European Stability Mechanism permanent rescue fund with unlimited liability, coll.) And the so-called "fiscal pact" waved through by Parliament. And, although the deputies the hundreds of pages long rules, drafted in kompliziertestem "Anglo-Saxon" had received, until shortly before the inspection. This procedure was known already by the Lisbon Treaty.

The majority in the Bundestag came about because the major parties in an oblique Deal agreed ("ESM against financial market tax"), unbelievable in retrospect, how cheap the Constitution was hawked. Cleverly had so threaded it, before the vote, a two-thirds majority to call (amazing how sure could feel the ESM advocates) to go constitutional concerns in the run out of the way.

Also, the Federal Council did not hesitate to approve long. As "countertrade" the Prime Minister has been a relief for the municipalities in the billions pledged. Negotiation practices that would so rather belongs to a bazaar.

As predicted by many constitutional lawyers, were even the Federal Constitutional Court - after initial Hadern - found no major concerns (What could have done it differently? The court was overwhelmed hopeless with the scope of the decision Ironically, it had thus itself abolished, just like before. Parliament.) Earlier, the President had signed it without hesitation, so that the ESM on time July 9, 2012 came into force and the end of democracy in Germany was sealed.

Resistance was found one like it in retrospect hardly believe also außerparteilich only slightly - apart from a few petitions, demonstrations, strange actions (like the catapulting of basic laws) and lawsuit threats to the Constitutional Court. People were firmly occupied by the European Football Championship (broadcasters had only in superficial allusions lost until it was too late after all). The mass of citizens was at that time anyway, stundein stundaus, busy, to earn their livelihood. From the history learned nothing: Bread and Circuses already ancient Rome had brought the downfall ...

Early sounded the call for a new constitution. This entry »

The events seem to overturn the "affair of state" to the ESM and the fiscal pact to take speed. Resistance appears not only on the road and in the Blogger landscape.

First, the Federal Constitutional Court had the voice of the Bundestag strengthened (at the instigation of the Greens). The deputies were not sufficiently informed about the planned permanent euro rescue package.

Then the Constitutional Court judges more time asked for Mr Gauck for consideration of the bill. The Focus writes: "Apparently, wanted the President to urge the Chancellor the relevant laws and ratification, on the evening of 29 June, immediately after the vote in the Bundestag and Bundesrat, sign. "The faction of the Left had put appropriate urgent applications at the Federal Constitutional Court.

The constitutional lawyer Christoph Degenhart and the former Minister of Justice, Herta Däubler-Gmelin (SPD) also announced a class action lawsuit on when Prozessbevollmächtige of "More Democracy e. V.", as long as the ESM enters into force. In their alliance "Europe needs more democracy" to 12,000 constitutional complaints are bundled.

Even the middle class is active. This entry »

The powers of Europe are meeting today and tomorrow in Brussels to save the euro renewed once. So the media report. It seems that everything is on the line - even central banks already played through a life without the euro. Or are these debates only "mock battles" because the final plan is long, as some rumors?

I dare already a forecast. Although many people, not only in this country, an end to the unpopular currency wish: The euro is here to stay. At least you will do everything possible to get him. Everything back and forth in defiance. How do I do that fixed?

You just have to juxtapose various statements and recent developments, and already there is a synopsis: This entry »

Actually, I wanted to case (s) Sarrazin's not even add my two cents. Due to recent developments, however, I can not help, yes, I feel even obliged to address a few lines to you.

Just the other day we were able to experience how a major whistleblower platform, a protected space for informants, was publicly slaughtered. From all. Without exception. Because of negligence, for that matter, misconduct in a case. Forgotten was abruptly what was there previously disclosed to secret documents or still is, and served as the security of our democracy. Power Self circumcision now school?

Thilo Sarrazin has written a book in which he, in his view - based on induced current drawn by him Statistics - indicates shortcomings in integration policy in Germany. That is his right, even a vested, namely the freedom of expression. Something that was laboriously "fought" to the freedom of the press is linked.

The man speaks also of something, knowing that it might be unpleasant for some, and that he endangers himself and his office so. That's called courage.

Stands on an entirely different matter whether one agrees with Mr. Sarrazin or not. This entry »

Until shortly before 19 clock yesterday have believed quite a few, the D-Mark would come back to us (or even hoped?) - And found to have food at a radio station, for a short time at least. But then drew the from what realistically (see the previous blog post. "9 reasons against the 'D-Mark-2'") had to be done: no Chancellor on television, no messages or notice boards about a monetary reform, and on Monday safely no new DM notes at bank counters.

No later than yesterday, when Merkel warned against a failure of the euro, it should have been dawn on the very last one that the common currency will be so easy not given up. This entry »

On Hartgeld.com today got the circulating for a while now rumored tailwind, this coming long weekend was imminent currency reform, specifically the reintroduction of DM. The operator of the site, Walter K. WKE, had beforehand been at various points (eg in the outdoors generally) pointed to the impending cash changeover and strongly advised to purchase precious metals.

The alleged "Haircut" scenario sees summarized as follows: The D-Mark-2 notes were printed for months. They are supposed to be provided with RFID chips and scannable. The change successes to 1,000 euros in the ratio of 1: 1 for DM; Savings would be redirected to blocked accounts, where they will expire. Debt you would leave in euros, which would then be tied by the decline of the Euro. The banks had allegedly get delivered the new money today. Large retail chains had been informed two weeks ago about the conversion (According to another source, they are to be inaugurated Friday evening). On Monday could then lift each 100 DM. The entire conversion would last two weeks.

Furthermore rumored to a new cell phone have been spotted, in which you can pay with DM, and at a price-News broker the DM appears suddenly (?) As its currency. From other sources has been brought to me, in Bavaria, the price would be at some gas stations already awarded in DM ... Can we trust him?

But the much more crucial question is: What speaks against short-term currency conversion? This entry »

Today is Walpurgis Night and morning hence the May 1st traditional Labour Day, also known as "achievements of the international labor movement" called. To fight for labor, now appears - against the backdrop of rising unemployment - more important than ever. But only at first glance.

Closer look reveals that the classic wage labor is more and more ausdienen. Of this entry »

Juhu, the crisis is over for a few days or weeks, it sounds unanimously by the mass media. Well, that's saying nothing, paper is patient (Matt disks also). But if it does? Then our politicians would indeed not so bad loser, as it is claimed by the eternal nagging Mies makers.

Especially would finally realized how refined and intent have acted basically our elected representatives. After all, has provoked us the "crisis" but an incredible number of benefits brought (we humans learn and act known only when the psychological strain is large enough): This entry »

What's wrong with our money? Gone are the days when hard currency was talk. Will the euro retain their value or soon hardly be worth the paper on which it is printed? Come overnight currency reform as in the introduction of the Deutschmark in 1948?

Questions that more and more people ask themselves - and on the basis of historical uniqueness is at least as many speculative answers are like self-proclaimed experts. So let us try to keep us in an approach as possible to facts, to those who are reasonably well verifiable. Of this entry »

Today me fluttered a promotional letter of Dresdner Bank into the house, with a print on the envelope, which made ​​look towards me twice: "Exclusively for SMEs: our new consulting services to secure liquidity."

Nanu was said major bank recently not even get into financial difficulties? A leap of faith in all honor: But how will anyone credibly and competently advised me that does not have its own finances under control? This entry »

Part of the economic stimulus package is having an impact, equal in many respects: the scrapping premium. Around one third of the provided 1.5 billion euro-pot is estimated to already exhausted to the previously filed 200,000 applications came daily added 10,000 more. Whether it is in the economic stimulus, however, is only advance purchases, which could tear a more larger demand hole later, remains to be seen.

Certain is that "clever" dismantling companies beat double capital from the premium and many vehicle instead of throwing it sell abroad. So far, at least, because on Saturday a new scheme to fraudsters halt apply more of this entry »