Schulden / Debt

It doesn’t happen often, but this time have to give cudos to “a classic” (very conservative, not very revolutionary thinking) economist Hans Werner von Sinn:

  • “Take care of yourselves. Don’t believe that the state can do it. The state will be hopelessly overwhelmed with the socio-political tasks. Social security systems are not in a position to continue the development of living standards as we are used to. The sooner everyone realizes this, the more they will take precautions for the later years of life.”
  • The economics professor advises young people to not to wait too long for thinking about having kids and to concentrate on traditional family images.
  • “Family cohesion (families working WITH instead of AGAINST each other) will become increasingly important in view of the difficulties of the state,” Sinn explained.
  • “Some say that the ECB did not cause the price increases, so it does not have to do anything about it. One cannot argue more wrongly, because the mandate does not focus on the causes of inflation, but on the possibilities of combating it,” the ex-ifo boss continued

…. but not to endanger the 0% financed real estate bubble, where banks sell thousands of vacant buildings in Munich in a circle, IMF-ECB-La Guarde (“The Guardian” (of the banks)) does – nothing.

  • “And they consist of interest rate hikes.” In addition, the monetary authority is not entirely innocent of the high inflation rate. With its bond-buying program, the ECB is partly responsible for rising prices, as government securities were purchased with fresh central bank money. Low interest rates have thus encouraged indebtedness, according to Sinn.
  • The fact that the ECB has not yet heralded the interest rate turnaround, even though the US Federal Reserve raised the key interest rate by 0.25 percentage points in March, also creates an imbalance in international trade. As a result of the ECB’s inaction, the euro has been significantly devalued, which automatically leads to higher import prices – including in the energy sector.

auto translated from:

family cohesion: it is (sometimes) hard

… unfortunately, nature decided, out of biodiversity reasons (make every individual an individual = very different from his brothers & sisters, in order to ensure that “at least one” will survive, fast changing circumstances (economic crisis, war, famine, climate change, meteoroids… u name it)

So sisters and brothers are by the design of nature – very different – thus having (sometimes) hard times – understanding each other – getting along with each other.

But IF they manage to accept each other – (and if it’s only by living next door, but never speaking to each other X-D) – things might work out.

Capitalism actually increased that acceptance problem, with some 1 to 10% doing very well (often) at the  expense of the 90% (who pay their taxes) – WHILE looking down on the 90% as “bummers”.

the downfall of the middle class, is the downfall of families

or in other worlds: who want’s to put kid’s in a fu**ed up (non sustainable = it is going to end) world? (nobody)

Question: Is it any wonder – that in a system – that was not built for man, but for money “around money”, man will soon no longer appear?


I am not surprised (unfortunately).

So when “the system” – betrayed the middle class – because of lobbyism by the money of the top 10% (that sometimes “think” they are the “middle class”) –  it “programmed” society – for the downfall of the middle-class (who to steal from? nothing to steal from the poor?) and the downfall of families.

It’s as simple as that.

And turning back the time – won’t help.

It won’t help driving old gas guzzling cars that need a portion of lead in the gasoline to actually function correctly.

There is only one way: forward. Into a sustainable economy that serves all. The sooner the super-rich realize this – the better. (but they will want to preserve the status quo until the very end (death)… so it’s a uphill battle for everyone else)

  • crisis as chance for transformation:
    • central banks have to be put under democratic rule – this way or another – it is inacceptable – that the central banks serve only the private banks.
  • globalization is dead – good – so we can start produce locally and FRESH again 🙂 = more jobs, but who is going to finance those jobs? surely not the existing broken system of corrupt banks.

Dear reader,

first, a disclaimer:

  • only god & nobody is perfect
  • humans are not god
  • thus humans make mistakes, but if given the chance, humans can learn and improve to create “a better world”.
    • no man made product or construct or system will ever be perfect, but does that mean, we should have never left the cave in the first place? (no of course not)

The Economic Reform the World needs

Is a simple one, it can be put in one sentence, but to enact it, will require massive reforms:

“Value those, that add true value to society”

Let’s compare two examples:

  • case a) a lady cleans a toilet
  • case b) bank A sells house X to bank B
  • case c) “owning” a source of income “factory”

Which of the two cases add more value to society?

money wise case b) can create much more profit, but does it add value to society?

Given the fact, that a lot of houses are purposely left empty (not for rent), just to speculate on rising house prices? (a good example of the perversion that capitalism has become, if unchecked, by a smart, fast moving gov)

In this case, case a) does not only add more value to society, it also does not purposefully harm society as case b) does, by denying access to resources, people need to survive.

So pay those well, that ACTUALLY add value to society, and tax those high, that are malicious to society, and you have a nation that automatically creates value – in the true meaning of the word

  • case c) “owning” something is not a job

  • this might sound ridiculous to you, but it is unfortunately not a joke, there are people out there, that earn A LOT OF MONEY for owning something. And they “think” this is a proper job. It is not, because it is adding ZERO value to society.
  • if you build a factory, created jobs, good.
    • if you inherited the factory never worked there, bad, you get money from it, but do not work there? how can this be fair?
    • the factory is not only highly efficient (saving energy) it runs on CO2 neutral solar, produces in an environmental friendly way, recycles as much as possible? even better.
    • you invested in the construction of the factory or in it’s reform towards more sustainable production, also good, because it created jobs and sustainable new products.
      • bad: kick out 50% of the employees to reduce costs, to drive up share prices, then sell it again (completely destroying the company’s 30 year old culture on your way out)

plus: go after the (financial) criminals

all those well-known tax heavens, need serious threats of boycott, if they don’t start changing their business model (Cuba style of trade embargoes).

  • don’t allow financial crimes of the past to become time-barred and financial criminals to get away with it
  • don’t cut deals with the bank robbers “oh if you pay back 80% of what you stole, it’s okay”
  • give the investigators the means they need, to identify the financial criminals

Failing to do so, will seriously damage the trust of the people in democracy.

the philanthropy bullshit: first extract, than give (some) back?

ok some philantrophy is better than no philantropy… but … look at this case:

Harvard’s ( example “story” of, how to add value to society:

“I think it’s important to remember where you came from.”

“Giving back is part of my core philosophy,” says Kim Wagner PhD ’94, who has given consistently to the Graduate School Fund for twenty years.”

“She came to the Graduate of Arts and Sciences (GSAS) for a doctorate in pharmacology, intending to go into academia.”

“Instead, she was inspired to take on the world of biopharmaceutical consulting.”

“I felt like an industry position was the best place for me to add value to society,” says Wagner, who spent the next twenty-five years at the Boston Consulting Group and McKinsey & Company.”

let me translate that:

  • you went to Harvard
  • studied hard to get good grades
  • to then go on to a company that does lobby work for BigPharma (it is called “consulting”), meaning, trying to influence the law makers to make laws in favor of BigPharma, in order to EXTRACT a profit from society, while (maybe) curing some disease, maybe while causing more other disease (drug A helps against disease A, while having side effect B, drug B helps against side effect B, while causing side effect C an so on…)
  • you profit from a corrupt and exploitative system (that OF COURSE avoids taxes like the devil)
  • then you donate some to whatever entity to feel better
  • Here have to quote Bregman (again):
    • “the Rich are not paying their fair share” (Youtube)

      “how to prevent a broad social backlash – the answer is simple – stop talking about philanthropy and start talking about tax avoidance – taxes – taxes – all the rest is bullshit” (Youtube)

Dear reader, if you are reading this blog post, and dedicated time and brain-resources (energy) thinking about the value of it’s content – if it makes sense or not – how to improve it – what is missing – you just contributed positively to society as well!

What would contribute even more positively: the information from which, action can be derived from.

what does this chart tell you?

GDP simply means: “money changed hands” (for whatever reason (“fake” GDP activity would be bank/companyA selling houseX to bank/companyB selling houseX to bank/companyA and so on))

world wide income (in)equality Gini Index Coefficient in the year 2020

Gini Index Coefficient: from world war 2 to the year 2000