Events

how did it all begin?

the “trade union” EU was started by coal and steel companies – partly as a peace project (because the one who controlled steel and coal could build and ship more weapons) – partly as a free trade project (money, money, money).

in 2018 the EU feels like a abstract monster living in abstract Brussel – far away from the people it makes laws for.

The EU has democratic deficits in it’s construction – only a small amount of people can propose laws – the parliament (750 people) can not propose laws – only veto them –  the 28 people of the european commission (EC) actually have all the power – “it alone has legislative initiative in the EU” (src)

President Jean-Claude Juncker
First Vice
President
Frans Timmermans
Vice Presidents

It feels like a money-controlled Union – and via money and debt it was how self appointed power greedy “elites” tried to hold the construct together – to be used as a powerful geo-economic trade weapon against whoever threatens the “elites” power.

how the euro currency came into existance

after the collapse of the soviet union – the DDR (East-Germany) wanted to unite with West-Germany again (1989, fall berlin wall).

But Mitterrand (President of France at this time) feared that Germany – again – could become too powerful – and yes there are power-addicted politicians in every country also in Germany – so he accepted German unification of East and West only – if Germany would abandon the “Deutsche Mark” and France and Germany would share the same currency – the “Euro” currency – with one cental bank in Frankfurt (why in Frankfurt? Why not in Brussels?) to rule them all – was born.

Kohl (at this time Chancellor of Germany) accepted the – unofficial – deal.

lured into catastrophe – leading with fear?

“In 1977, Francois Mitterrand, then the leading opposition politician in France, told the magazine Nouvel Observateur: One has to be careful not to turn the common market into a mere free trade zone. Neither Greece nor Spain are in a position to join the Community.” (src)

And Mitterrand was right – Greece WAS not ready to join – but Goldman Sachs helped to fake the balance sheet of the country to make it look like it as – we all know how it ended with severe austerity that let to poverty and suicide and gave rise unemployment – protests – right wing populism in Greece.

“Everyone dances as long as the money-music plays – if the money-music stops (no credits/loans are given out anymore) – the party stops”

Who is the troika?

European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) demand the harsh austerity program from Greece because it can not “pay back” the (mostly private) banks.

even worse: no cooperative trade – rather trade war and power projection by money and debt?

“The German government has long been accused by critics of profiting from Greece’s debt crisis.

Now there are some new numbers to back it up: Loans and bonds purchased in support of Greece over nearly a decade have resulted in profits of €1.34 billion for Germany’s finance ministry (Scheuble) which confirmed the number in response to a parliamentary query from the Green Party, according to a report by German daily Süddeutsche Zeitung.” (src)

But this time – the way back – Grexit – regaining the right to print their own “Drachma” money

seems harder and Mr Varoufakis (the then Finance Minister of Greece) fears the market could speculate against Greece if they would plan to get their national currency back. (!? not 100% sure how this is supposed to work but okay)

“Another shameful distortion of what I said (evident to anyone who actually reads the article. My line “we must be prepared for Grexit in order to fend off Grexit” was presented as “Greece must ditch the euro”. Trump has nothing on you when it comes to wilful distortion”

An interesting fact: Long serving Ex-Minister of Finance of Germany Scheuble spoke with Varoufakis and told him – Greece is made an austerity-example to put pressure on France – to pass whatever law – banks love?

Scheuble: “i needs the troika in Paris”

Macron – now seems to feel the pressure of those financiers – and out of fear to become like Greece – follows the neoliberal orders and imposes more and more austerity / exploitation on the French people – knowingly – that it did not work for the Greek economy – and it will NOT work for the French economy.

it used to be called theft – now it is called reform

they say: you can’t have a better life – there is not enough money for everybody – but there is always enough money to save the financial system when private banks are about to collapse.

it is simpled printed by the ECB and lend out to those banks for 0%.

That is how capitalism works: Exploitation

But as everybody knows – the French Revolution started in France.

Macron was educated at elite-academy École Nationale d’Administration (ENA), and served 4 years as  Investment banker for Rothschild & Cie Banque.

In 2014 he attended the Bilderberg-conference.

So you can tell there is something fishy going on – and he is NOT with the people – but with financial criminals.

all the more or less corrupt members of the European Commission 2018

Former Commissioners

English (scroll down for German):

Gather your sails NOW and prepare for a storm!
Why is the IMF in a panic?

“everyone dances until the (money) music stops” (Adrian Tobias)

the big question: WHEN does the music stop? X-D does it stop slowly or does it come to a sudden halt?

… because debt worldwide (from companies, private and banks) in the last 10 years +50% to 182 billion USD…. if these loans cannot be payed back (because of FED/ECB liquidity comes into a halt) (src: German Tagesschau) -> Credit Crunch (“a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.[1]”) the British call this phenomenon “cedit crunch” – exactly what the world has seen in 2008.

  1. Failure of system relevant bank such as Bank of America/Deutsche Bank will result in civil war like conditions (Banker Voss)
    • those system relevant banks would AGAIN be rescued by the state and hopefully then nationalized – key managers punished, jailed and banks closed down – FOR GOOD/FOREVER! (src)
    • compared to failure of major bank – power-grid failure over several days is “kindergarden” (Banker Voss)
  2. worst-worst case scenario: Prof Dr. Kreiß from Aalen Germany says there are civilized and uncivilized ways to reduce overproductioncivilized: recession uncivilized: war. (src) “you have build too many houses during the boom? now invest in war and profit again by destroying those houses” (if you are ruthless enough and want to profit while others suffer = satanic!) 🙈 (this is financial crime!)

2018-10:

  • Balance of risk in the economy has shifted to the downside
  • further safeguard financial stability
  • confidence must not become complacence
  • global growth has plateaued
  • trade tension have escalated
  • emerging markets have experiences capital outflows
  • policy uncertainty has increased
    • could undermine investor confidence
  • some investors have grown overconfident and even complacent
  • financial stability risks could rise in the near term
  • several potential development could trigger sharp tightening in financial conditions
  • normalization of monetary policy (end of quantitative easing) could lead to re-pricing in asset (real estate) markets
  • any of those concerns could become trigger events that could expose vulnerabilities (of the highly interconnected financial (banking!) system) that have been building during years of accommodative policies
  • debt has grown to 250% of combined GDP (182 Billion USD)
  • housing markets especially in global cities (NY, London, Frankfurt) are richly valued
  • banks are stronger but still face challenges
    • many banks remain vulnerable
      • due to lending to highly in debt borrowers
      • holdings of illiquid and opaque assets
      • reliance on foreign fragile currency funding
  • Chapter 2: financial regulatory agenda 10 years after 2008 subprime crisis
    • cause for optimism
    • supervisor stress testing have been broadly adopted
    • many jurisdictions now have a macro prudential framework
    • some shadow banking activities
  • it remains crucial to strengthen the resilience of the financial system by addressing financial vulnerabilities
    • policy makers should assure that the post-crisis regulatory reform agenda is completed and implemented
      • they should resist calls for rolling back reforms
  • central banks should continue to normalize monetary policy gradually and they should communicate their decisions cleraly
  • emerging markets should build buffers against external risks
  • address vulnerabilities outside the banking sector
    • cyberrisks

Download Report PDF: https://www.imf.org/~/media/Files/Publications/GFSR/2018/Oct/CH1/doc/text.ashx?la=en

Download backup mirror: GFSR IMF IWF Global-Financial-Stability-Report-October-2018 – full text.pdf.tar

2017:

  • capacity to provide credit to the economy
  • absence of sharp movements in financial conditions from large increases in the price of risk
  • interconnectedness of the financial system
  • create “equity cushion in the boom”
  • “everyone dances until the music stops”
  • “easy financial conditions are sowing the seeds of the crisis”

My comment and advice to all financial intellectuals out there:

Financial crisis become economic crisis which results in broad support of people for right-wing fascism and nationalism.

(left-wing profits too but more right-wing)

Do we really want this?

So i urge everyone to do what you can to try to prevent this storm from happening.

About Dodd-Frank:

Dodd-Frank aimed to protect consumers from predatory lenders and mitigate systemic risk, but banks of all sizes have argued its burdens were excessive and have lobbied to reform the law.” (src)

The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173, commonly referred to as Dodd–Frank) was signed into United States federal law by US President Barack Obama on July 21, 2010.[1] Passed in response to the 2008 global financial crisis, the Act brought the most significant changes to financial regulation in the nation since the regulatory reform that came following the Great Recession.[2][3][4][5] (src: Wikipedia)

Details: About Tobias Adrian (IMF/IWF)

Mr. Adrian holds a Ph.D. from the Massachusetts Institute of Technology (MIT), an MSc from the London School of Economics, a Diplom from Goethe University Frankfurt, and a Maîtrise from Dauphine University Paris.

He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg (src)

German: Jetzt Segel raffen und auf Sturm vorbereiten!

Warum ist der IWF in Panik?

… weil Schulden Weltweit (von Unternehmen, Privat und Banken) in den letzten 10 Jahren +50% auf 182 Billionen USD…. wenn diese Kredite nicht bedient werden können (weil Liquidität in’s Stocken kommt, Kunden Job verlieren nicht zahlen können) (src: Tagesschau)

Credit Crunch” (“a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.[1]“) nennen die Briten dieses seit 2008 bekannte Phänomen.

…werden Banken immer aggressiver Versuchen die ausstehenden Kredite einzutreiben um nicht selbst Pleite anmelden zu müssen.

  1. Ausfall einer systemkritischen Bank wie Bank of America/Deutsche Bank würde angeblich (Zitat Banker Voss) Bürgerkriegs-ähnliche Zustände bedeuten bzw. Banken müssten wiedermal vom Steuerzahler gerettet werden 🙈 https://altcoopsys.org/2018/09/27/new-financial-crisis-comes-definitely-because-complexity-of-monetary-system-currently-not-handleable-neue-finanzkrise-kommt-definitiv-weil-vernetzung-und-komplexitat-des-geldsystems-aktuell-nicht-ha/
  2. Worst-worst-case: “war as means of reducing over-production” “build too much houses? let’s blow em up!” X-D https://altcoopsys.org/2018/09/28/prof-dr-christian-kreis-10-jahre-finanzkrise-ist-sie-uberwunden-oder-steht-eine-neue-bevor/

More Videos from IMF:

https://www.youtube.com/user/imf/videos

 

Links:

IMF Blog: https://blogs.imf.org/2018/10/03/a-decade-after-lehman-the-financial-system-is-safer-now-we-must-avoid-reform-fatigue/

Great Depression ahead? Nouriel Roubini, Marc Faber, http://www.atimes.com/article/great-depression-ahead-imf-sounds-dire-warning/

“So, looking back, a new financial architecture has been put in place, a testament to the resolve of policymakers to work together internationally to avoid a repeat of the Great Depression.

But is the financial system safe enough? Looking ahead, clouds appear on the horizon.

The global economic recovery has been uneven and inequality has risen, fueling inward-looking policies and contributing to increased
policy uncertainty.

Trade tensions have emerged, and a further escalation may damage market sentiment and significantly harm global growth.

Support for multilateralism has been waning, a dangerous undercurrent that may undermine confidence in policymakers’ ability to respond to future crises.” (src: https://www.imf.org/~/media/Files/Publications/GFSR/2018/Oct/CH1/doc/Foreword.ashx?la=en)

La Garde (IMF) distance herself from  Trump – https://www.dw.com/de/iwf-chefin-lagarde-weist-trump-zurecht/a-45837857

IMF: Catastrophe in Venezuela – complete loss of buying power of people because of inflation – https://www.dw.com/de/iwf-sagt-millionen-prozent-inflation-f%C3%BCr-venezuela-voraus/a-45813564

IMF is back in Africa – social cuts like 30 years ago? https://www.dw.com/de/das-comeback-des-iwf-in-afrika/a-45479369

Another Billion $ loan of IMF (that can never be paid back 🙈 but leads to massive austerity and enslavement in Argentina) for Argentina – https://www.taz.de/!5538880/

Comment and possible solution by conspiracy conspirators:

“Wohoo! Don’t kill yourself just yet!”

I think it’s just another man made artificial crisis – buy up the world – scam – as it has been in 1907 by JP Morgan and Rockefeller.

Just print YOUR own local money and build up local economies that are INDEPENDENT from private FED/ECB banksters:

… instead of relying on money that is not under your control of the people/democracies/governments.

Because there is a small rest of socialism (healthcare, thanks god! just look at USA or UK! privatized healthcare literally MEANS DEATH!)

For all neo liberal fascist capitalists: it is great – because the only society wise accepted – “correct” way to die – is from too much work.

If you die – because you worked too hard or drive too fast (because of work). That is completely OKIDOKAY.

So Germans work – work – work – work – work – work – so they don’t have to develop their social skills and can stay or become heartless assholes – the best performing type of human in capitalism.

When you are surrounded by 99% assholes – you wish for a quick death.

But there is one flaw in the system: Humans != Machines – no matter how much you try to treat a human like a machine – he is still a human.

The solution is obvious: replace all humans with machines.

What this means is basically: Return the “useless” human to the state and say “he/she has become useless – you care for him now”.

This is called unemployment.