The Frankfurter Allgemeine Zeitung writes:
-----------------------------------------------
Biden's Rain of Money


As if the economic policy environment were not rough enough, the subsidy offensive in the United States is causing further headaches for the EU. It is also likely to have an impact on the dynamics in Europe.

The Tesla factory in Grünheide was considered a success project by German politicians. After just over two years of construction, the "Gigafactory" was ceremoniously opened in March. It was one thing that the American electric car manufacturer chose this town of 9,000 inhabitants in Brandenburg, of all places, as the location for its first factory in Europe. That the construction project was not ground down in the mills of German bureaucracy was the even greater achievement. Relocating lizards, clearing the forest, building the shell, final acceptance: it went like clockwork.

Until September 14. That's when news arrived from America that people in Berlin and Potsdam didn't like to read at all. The Wall Street Journal reported that Tesla was putting its second construction project in Grünheide, a large battery factory, on hold. Instead of Germany, Tesla boss Elon Musk now wants to invest more in America. The reason: the tax advantages offered by U.S. President Joe Biden. Even though Tesla has reportedly emphasized to its partners in Germany that only the time priorities have changed, but that the battery factory is coming, people in Germany are "not amused".

Russia's war in Ukraine, China's threats against Taiwan, the energy crisis, inflation - as if the economic environment hadn't become rough enough in recent months, the U.S. government's package of laws called the Inflation Reduction Act has added another layer to the mix.

Biden wants to make the U.S. less dependent on imports - possibly at the expense of close partners like Germany. The president's ambitions have rarely been more succinct than in his tweet on Aug. 14 of this year: "Imagine a world where people open the hood of their car and see the Made-in-America seal stamped into the battery." That's exactly what the Inflation Reduction Act delivers, Biden exulted after the bill passed Congress.

The electric car promotion crystallizes the Biden administration's three strategic goals: it wants to reindustrialize America, it wants to oppose China's political and technological hegemony efforts, and it wants to transform the economy in a climate-friendly way. The legislative package, which calls for some $430 billion in spending over ten years - roughly a double whammy [reference to a phrase Scholz used to describe his 200 billion energy aid package, Skybird] - has it all.

"No Congress has passed such an act of violence against the multilateral trading system as the 117th Congress did with the Inflation Reduction Act," says Charles Benoit, a trade expert with the nonpartisan Coalition for a Prosperous America. He means that in a positive way. Benoit welcomes the push because his organization advocates trade barriers as a necessary remedy for bleeding American industry.

Seventy-five hundred dollars in tax credits is promised by the government to any electric car buyer who meets the following clauses: Vehicles must be assembled in America. From 2026, 80 percent of the rare minerals for the traction batteries must be mined in America or in countries with which the US has a free trade agreement. So far, the EU is not one of them. Shipments from "suspect foreign entities" are generally prohibited - that targets China, but is sufficiently vague to exclude others. After a transition period, the batteries will then have to come entirely from America.

German industry is already investing heavily in the US. BMW has just announced plans to expand its Spartanburg plant for $1.7 billion in the coming years. The Munich-based automaker plans to produce six new electric car models there. Specialty chemicals maker Evonik opened a research center in Pennsylvania in early September.

And Peter Carlsson, the head of Swedish start-up Northvolt, announced last week in the Frankfurter Allgemeine Sonntagszeitung that he was reconsidering his planned billion-dollar factory to produce battery cells for electric cars in Schleswig-Holstein, not only because of horrendous energy costs, but also because of America's subsidy pots. Subsidies in the U.S., he said, lower production costs there by 30 to 40 percent. "We are now at a point where we may give priority to expansion in the U.S. over Europe for the time being," Carlsson said.

In Europe, all of this is met with astonishment. On the one hand, it is a "good sign" that the Americans now want to combat climate change with a "strong package," said German Economics Minister Robert Habeck (Greens) recently. But this package should not distort the competitive conditions, the so-called level playing field, between Europe and the United States. You can see, Habeck said, how companies are flirting with relocating because of the high subsidies, so Biden's Inflation Act needs a "strong response."

The German government, so often at odds, seems reasonably united on this point. Against the backdrop of U.S. location policy, European competitiveness must be strengthened all the more, Christian Lindner (FDP) warned. Chancellor Olaf Scholz (SPD) also expressed his willingness not to stand idly by and watch the American orgy of subsidies. He is receiving support from France, after things had not infrequently snagged between Berlin and Paris in recent months.

"We have to wake up," Macron said at the start of the Paris Motor Show, where the strong presence of Chinese manufacturers showed the importance and self-confidence they have acquired. However, the French president attested not only to China's "very offensive strategy of state aid" to support domestic manufacturers, but also to Washington. Macron also openly considered limiting domestic purchase premiums for electric cars to vehicles "made in Europe.

It is true that both Macron's man for finance and the economy, Bruno Le Maire, and the German economy minister explicitly emphasize that they want to avoid a trade war. But just by dropping this word over and over again now, they show how serious they consider the American action to be. The issue is likely to occupy the EU finance ministers at their meeting next week.

So far, the EU has not taken a unified stance in response to the American Inflation Reduction Act. This is also true within the EU Commission: While the responsible Trade Commissioner, Valdis Dombrovskis, is backing de-escalation and objective talks with Washington, because the EU is dependent on America as its most important trading partner and needs it on its side in conflicts such as those with China and Russia, the Internal Market Commissioner, Thierry Breton, who is not strictly speaking responsible, is advocating a tougher approach, as is the case in Paris and Berlin.

He has already initiated work on an industrial policy "Made-in-Europe strategy," Breton told the French business newspaper Les Échos on Friday. He said the EU remains open to companies from other economic areas - "but on our terms."

The EU and U.S. have set up a working group on conflict resolution. It met for the first time on Friday. Trade Commissioner Dombrovskis said the appropriate forum for conflict resolution is the Trade and Technology Council (TTC), which meets every six months. The commission said the EU would certainly not take action against Washington before the next meeting in early December. According to the trade commissioner, the ideal solution to the conflict would be for the EU to be granted the same exemptions from the law as Canada and Mexico.

In the Commission, however, that is not considered very realistic. At present, Dombrovskis does not want to go to the World Trade Organization (WTO) over the U.S. law. However, given the "big picture," that cannot be ruled out in the medium term either, according to the commission. Breton said he strongly supports "addressing the problem within the WTO framework." Bernd Lange, an SPD member of parliament, said that if nothing happened by Dec. 5, "it would be perfectly normal for the EU to go to the WTO."

One should not draw the conclusion from Biden's policy that the Americans are on a confrontational course with the EU, said Christoph Schemionek, head of the German Chamber of Commerce Abroad in Washington. The U.S. government, he says, is following its security policy goals and running an inward-looking country anyway. And indeed, the very establishment of the working group suggests that the Americans are trying to do damage control. EU Trade Representative Katherine Tai recently recalled this and the negotiated truce on aircraft tariffs and the agreement on the steel and aluminum sector.

But Tai also pointed to EU projects that the Americans don't like, such as the climate tariff, which is intended to make imports of products with large carbon footprints more expensive. And there is no shortage of other points of contention. Washington is watching warily to see how much Chinese influence there is in the German economy, especially in the auto industry. Daimler's two largest shareholders are Chinese investors. The fact that Scholz, against all warnings, allowed the Chinese shipping company Cosco to acquire a stake in the port of Hamburg also did not go down well in America.

The Europeans, in turn, are concerned about America's export ban on high-tech chips and chip technology. This affects the Dutch specialist ASML, which is the technology leader for machines to manufacture these chips. ASML already does not supply the latest generation of machines to China. Now, however, the Americans want to extend the export restrictions. ASML cooperates closely with two German companies, Trumpf and Zeiss. Berlin fears that secondary sanctions could also affect them. In addition, there is displeasure about the "moon prices" that Berlin complains America's exporters are currently charging for liquefied natural gas. The tenor is that this is no way to deal with friends, especially not in an energy crisis in which electricity and gas have been costing many times more than the usual prices in the USA for months. In relative terms, the Ukraine war is hitting the Americans much less hard than it is Europe.

In the view of Economics Minister Habeck, Europe has only one choice in view of the bloc formation in the world. Namely, that of also pursuing a stronger industrial policy. That means faster approval procedures and, above all, more money. He knows that the French are on his side. Various cross-border support programs, known as IPCEI, already exist. According to an overview from the German Ministry of Economics, EU member states have provided a total of 5 billion euros in subsidies for battery cell production in Europe. The private investment triggered by this is said to be many times that amount.

In the subsidization of chip factories, the sums involved are much larger still. According to F.A.Z. information, the German government alone has earmarked around 17 billion euros for semiconductor projects in its budget for the coming years. One of the biggest beneficiaries, however, is likely to be an American company: Intel wants to build a large chip factory in Magdeburg and can count on lavish government funding. There was recent talk of a total sum of up to 6.8 billion euros.
--------------------------


This could lead to a trade war that both sides do not want by intention, but that emerges due to the inner dynamics of both side's different policies. America's Keynesian money policy will cause its desastrous consequences, no doubt, the boom bought by them is a boom on tic. But Europe has nothign ebtter to do then in the dfepths of the worst crisis since WWII making things even more difficult with self-induced "green" complications based on the ever worst climate prediction scenarios that even already have been falsified and shown to be wrong, becasue the Europeans, epseiclaly the germans, use climate arugments as an excuse to fight against capitalism and buregoiuse society in general. In the end, Ameica is on the stronger position, and enjoys far greater autarky in supplies with precious rare commodities as wellk as greater military power to guard itself or to push through its interests in other parts of the world, than Europe. Europe, currently loosing many of its traditional strong arguments in its favour like qualified workforces, good education and good infrastructure and energy security, has only one trump to impress the world with: moralistic posing and appealing tirades. The rest is helplessness and dependency.

Could this crash send waves into our world of real money ?

https://edition.cnn.com/2022/11/14/b...ntl/index.html

Edit
Was also wondering if this crypto crisis could spread to other crypto and I found this article

https://www.theguardian.com/technolo...rest-of-crypto
End edit

Markus

The interesting thing in Bitcoins is not its buying aspect, but the technology and its safety features. As a currency it was hoped to limit the influence and control of central banks and governments, but as we have learned, governments can - and did - simply prohibit and effectively interrupt the use of cryptocurrency, also the founding as well as handling of cryptocurrency demands at some point the interaction with traditional currency again, making it prone and vulnerable to negative things happenign to traditional currency, too. I never bought into the hype around Bitcoins, therefore, to me its just the same as paper money with all its disadvanatges - just without paper. That centrela banks now hype cahsklessness and their own crapoto currencies only serves the purprose to make people dpene3dent on the state and makign themvulnerbale to any state- plundeirng operaitons and makign them avialable to any fees raised by credit card companies that then you can no lone rin any way avoid. Its about control, and plundering savings, and keeping people depending - fighting crime and money laundering are just strawman arguments. A tool of establishing ever more totalitarian control. A tool to make people fully transparent to commerce and governments alike, predictable in their decisions and behviours, manipulable, and vulnerable in their existence.

I have a bank card that is regularly attached to my banking account, but I hold no more a separate credit card like Visa or Mastercard, nothing like that. In shops I never pay live in plastic or via apps, and I will not do as long as its still possible to boycott it.

For the most, when leaving the house I almost never carry any plastic card (ID, license, health, bank), nor a smartphone. Any pickpocket succeeding in getting my wallet will enjoy no satisfaciton from it except a little small money needed for paying in the supermarket, not more: no big money, no plastic cards, nothing. I also dont easily create motion profiles for Google and mobile carriers.

There were times when it was normal for us to not have all these stupid things that only lead us ever deeper into tyranny and serfdom. And we got along well without them. The belief that we can no longer do without them is an illusion opportunistically implanted in us by those who want to exercise power over us. These gadgets, which we use "voluntarily", make the establishment of a police state unnecessary, while even exceeding the functionality of a police state.


How stupid are we to accept this...???

Wait for it! Yes this could be the biggest Ponzi scheme (so far) in history.

https://a57.foxnews.com/hp.foxnews.c...f7ed9762ea.png

what could possibly go wrong :hmmm:

:O:

https://i.ibb.co/pdCXp0n/F425-E697-B...-F8-FCBED5.jpg

As soon as things start to improve, the politicians make sure that things get worse again. Deutsche Welle (German edition)writes:

----------------------------

Container prices plummet in maritime trade

Freight rates had reached record highs during the crisis years - this trend has been broken. At the same time, congestion at major ports is easing. But this is no reason for boundless jubilation.

The global economy is still suffering from the consequences of the Corona pandemic and the war in Ukraine. As much as this has thrown world trade out of sync, blown up many supply chains and challenged economic interaction around the globe, there are increasing signs that the situation is partially easing again.

Ninety percent of global trade passes through the oceans. And anyone who lives on the coast or in a city with a large port has seen it for themselves: The traffic jams of container ships lying in the roads, waiting to be cleared in the ports. These traffic jams are now noticeably easing.

This has also been observed by the German Shipowners' Association (VDR). Its CEO Martin Kröger sees several reasons for this, such as the end of port workers' strikes in Germany. The situation has eased overall and even normalized: "We therefore see the traffic jams off the European coast as having been permanently overcome," he told DW.

Shipping space, i.e. the available freight capacity, is also no longer as scarce as it was a year ago. This, he said, is reflected in freight rates, i.e. the costs incurred for transporting containers - they are once again falling significantly. Martin Kröger: "Shipping is now operating again at conditions at the level before the pandemic."

Handelsblatt has calculated that freight rates are in some cases "hardly more expensive" than before the pandemic. For example, transporting a 20-foot container from China to northern Europe would cost an average of $1479; at the beginning of this year, the price was still around $10,000. It goes on to say that shipments from Shanghai to the U.S. West Coast would be even cheaper than in 2019.

Vincent Stamer of the Kiel Institute for the World Economy (Ifw) explains why. "During the pandemic, Europeans and North Americans in particular had increased demand for goods such as consumer electronics, furniture and sports equipment. Companies had simultaneously tried to solve supply bottlenecks by filling their warehouses," Stamer told DW. The decisive factor for the current development of freight rates is now "the decreased demand for physical goods."

The current unfavorable economic conditions in Europe and the U.S. are causing demand to fall. "Inflation, fears of recession and a rotation to services are depressing demand for goods," Stamer said. Less demand, he said, then leads to a resurgence in the supply of shipping space, which translates into falling freight rates.

Shouldn't that also be felt in consumer markets? Yes, says Ifw economist Stamer; "Falling freight rates are positive news. Companies have to spend around one in ten euros on logistics and transport. Therefore, the recovery in freight rates should reduce costs for companies and ultimately have an impact on consumer prices."

No, say the shipowners, on the other hand. For Germany, they say, the development is indeed positive for the time being. But consumers would hardly notice the falling transport costs. According to the VDR, these costs only account for "a very small proportion of the end consumer price of the goods transported.

Martin Kröger says that freight costs are not expected to fall any further. New environmental regulations cost "a lot of money." A possible expansion of European emissions trading would put a strain on shipping companies: "A strict EU CO2 reduction regime would successively make the use of emission-free fuels mandatory, which are much more expensive to purchase and use than conventional fossil fuels."

As early as next year, the VDR said, new requirements from the International Maritime Organization (IMO) to reduce emissions would come into force. Observers therefore "anticipate increased tonnage demand, as many shipping companies will reduce the speed of ships to cut emissions."

In the medium term, new ships will enter service, many of which have already been ordered. The main reason for the investments is not to have more tonnage available, but to be able to meet stricter environmental regulations. "All of this," says Kröger, "costs a lot of money." And that will also affect the level of freight rates, he adds.

Since the 1920s, economists have been talking about so-called hog cycles. This term describes recurring fluctuations in the relationship between supply and demand. The example of pig farming was used to show how one phenomenon cyclically lags behind the other. "Shipowners are now experiencing the start of a new hog cycle," Vincent Stamer is certain. The question, he says, is how the supply of shipping tonnage on the one hand and the demand for shipping space on the other will develop. At the moment, it seems to amount to an oversupply of cargo space.

In any case, German shipowners believe they are on the right track when they adapt their ships to new environmental standards. Vincent Stamer sees this as an economic threat to the industry: the new cargo ships will "increase the supply of transport options and put further pressure on freight rates. The industry should not rely on the profits of the past years continuing to bubble up in the future."

Nor does Martin Kröger of VDR expect this: "The high profit margins of the past year and a half are no longer to be expected. Nevertheless, we continue to expect profitable business." And that is also necessary in order to be able to afford "investments in climate-friendly technologies to meet the CO2 reduction targets.
--------------------

I had to make a search to learn why a higher interest rate is the best tool against high inflation.

Throughout my life I have heard this so many times-Increase interest rates to fight a high inflation...but until now I have never given it a thought.

"When the interest rate is high, the supply for money is less, and hence inflation decreases, which means supply is decreased. In contrast, when the interest rate is decreased or low, the supply of money will be more, and as a result, inflation increases, which means that demand is increased."

But...we have had years with negative interest and the inflation was low-so why now what have triggered the increase of the inflation?

Markus

There are several definitions for "inflation", and some of them were designed with rightout criminal intention, I say: to deceive the people while they are being plundered. People often have confused understandings of what the term really means, the most common definition nowadays is that we have inflation when the prices go up. This associates a certain causal link that works only one way, not the other or both ways, and that is what makes this definition wrong.

You hit a very, very important question there, and so I took some time to make the following photos from two books I have, since I know you understand German. This way it was the easiest way to get this text over, the OCR thing (ands using DeepL for translation) I just did not get to work.

The first is from the book "Österreichische Schule für Anleger. Austrian Investing zwischen Inflation und Deflation" von Rahim Taghizadegan, Ronald Stöferle und Mark Vale, Finanzbuch Verlag 2014.

Click on them.

https://bilderupload.org/image/thumb...125-220437.jpg

https://bilderupload.org/image/thumb...5-220536-1.jpg

https://bilderupload.org/image/thumb...125-220601.jpg

https://bilderupload.org/image/thumb...5-220635-1.jpg

And this is from the same author Rahim Taghizadegan: "Wirtschaft wirklich verstehen. Einführung in die Österreichische Schule der Ökonomie." Finanzbuch Verlag 2011.

click on them


https://bilderupload.org/image/thumb...125-220743.jpg

https://bilderupload.org/image/thumb...125-220804.jpg

https://bilderupload.org/image/thumb...125-220812.jpg

https://bilderupload.org/image/thumb...125-220823.jpg

https://bilderupload.org/image/thumb...125-220833.jpg

----------

You may now see why I say central banks are manifestations of organised crime. I mean it! Literally, sober, absolutley . If you internalise these two texts, you can answer your question yourself.

It will not make you any friends, however. With understanding like this, you will be turned into a pariah, and you will be branded as a net defiler and a naysayer.


BTW, both books are absolutely excellent: precise, yet easy to read. Just pay attention to that they were released 2011 and 2014. They predicted what followed in the years since then, but could not describe the later events (since 2014) as facts.

Thank you for posting these pages-However they are unreadable either they are upside down and each of them are so small that it's impossible to read.

I search for these book at google books no success- I discovered that they are available at my favorite online book store-Both book that is.

Markus

Click on them, they zoom up, correctly formatted.


------------------


One book also is available in English now:


https://www.amazon.com/-/de/dp/B07JQ...s%2C171&sr=8-2

Focus:
--------------
USA takes Germany to task - and Habeck our industry

The Americans are shaking up the international market for new technologies with billions in subsidies. The German economy is also suffering as a result. Minister Robert Habeck announces that politics will now interfere more in the free market.

The German economy is caught in a dangerous pincer movement. The crazy thing is that both arms of the pincers are not being moved by Russians or Chinese, but by Americans who are apparently determined to organize their future prosperity at the expense of Chinese and Europeans.

Trump left, his motto remained: America First

Because one does not want to celebrate this exaltation of one's own nation - especially under a Democratic president - so clearly, American security interests on the one hand and the fight against inflation on the other are cited as reasons for going it alone.

The pincers consist of two very different legs:

1. the American Inflation Reduction Act (IRA) is ostensibly aimed at lowering inflation in the United States. In reality, however, it is a gigantic subsidy program in favor of new technologies.

The legislative package provides for spending of $369 billion over the next ten years on energy security and climate change programs, putting European industry under pressure. Leave or stay? According to France's Finance Minister Bruno Le Maire, in some cases the subsidies offered by the U.S. government are four to ten times the maximum government support allowed by the EU Commission.

We are learning: It says inflation control on it, but there is industrial policy inside. The USA wants to strengthen its industrial base again.

On the one hand, the sanctions imposed by the U.S. government on China's semiconductor industry are putting pressure on the Middle Kingdom. Since the beginning of October, Washington has been restricting the export of production technologies that are needed to build up China's own chip production. US manufacturers Nvidia and AMD must now obtain government approval for exports of selected semiconductors.

Research and development and maintenance of existing Chinese semiconductor production are also being hampered. In a big way, this is about slowing down China's technological catch-up in self-driving cars, 5G Internet to cloud services and artificial intelligence.

Americans put Europe's industry under pressure

Not entirely coincidentally, German industry is also suffering from the restrictions. Chinese manufacturers account for one-fifth of the global semiconductor industry, and their customers and suppliers from Europe are being urged to follow U.S. policy. Holland-based ASML, for example, has been pressured "by U.S. officials," according to Bloomberg, to stop selling selected chip-making machinery to China. Alan Estevez, the undersecretary of state for industry and security, among others, will travel to the Netherlands later this month to discuss export controls with the government there, according to Bloomberg.

Meanwhile, the U.S. is positioning itself as a friendly alternative: the export freeze came two months after U.S. President Joe Biden signed the so-called CHIPS Act. 280 billion US dollars will be invested from the treasury to boost semiconductor production on American soil. European companies are also invited to invest.

And how are business and politics in Germany reacting to this?

Scholz announces changes in China policy

Contradictory.

In the case of U.S. billions in subsidies under the IRA, Economics Minister Robert Habeck has woken up with a time lag.

"Protectionism paralyzes innovation. It's not so much about losing our industrial heart, but about the risk that the next wave of technological innovation will not take place in Europe. Because the IRA takes care of the cool new stuff."

In the U.S. push against China, however, German industry stands alone. Habeck and Scholz are pursuing a so-called de-risking strategy. For the chancellor, business as usual is no longer an option vis-à-vis China. He clarifies, "If China changes, our dealings with China must also change. "

The head of the Federation of German Industries (BDI), Siegfried Russwurm, vigorously rejects considerations of turning away from the Chinese market. "I see no reason why we should sell less to China. "
The head of the industry association BDI, Siegfried Russwurm, vigorously rejects considerations for turning away from the Chinese market.
dpa The head of the industry association BDI, Siegfried Russwurm, vigorously rejects the considerations for a turn away from the Chinese market.

VW and BASF are splurging on investments in China

His member companies are putting pressure on him to dare to dance with the Americans and, if necessary, with his own hitherto intransigent government:

- Volkswagen subsidiary Traton, for example, is expanding its business in China regardless of U.S. policy on China. A truck plant is currently being built in Rugao near Shanghai, which will start production as early as 2025. The SPD and IG Metall sides on the supervisory board have agreed.

- BASF CEO Martin Brudermüller also defends his €10 billion investment in Zhanjiang. The plant is to produce 60,000 metric tons of engineering plastics annually for customers in China. He advises realism: "I think it's urgent that we get away from China-bashing and take a somewhat self-critical look at ourselves."

- Overall, German companies invested more than ten billion euros in China in the first half of 2022, according to the German Institute for Economic Research - a record high.

- After the U.S., China is the second-largest export market for the German economy. German industry mainly sells cars and industrial equipment there. German mechanical and plant engineering from Baden-Württemberg is particularly affected.
Habeck announces greater political interference in free market

With the U.S. - its economic interests and its representation in the White House - the German economy has a powerful, because assertive opponent before its chest this time. The concept of "managed trade," which has been propagated by left-wing U.S. Democrats for years, has replaced the old free trade doctrine in Washington.

German business cannot count unconditionally on the Green Minister of Economics in its fight for open markets. As Habeck explained yesterday in Paris, the politicization of trade relations is exactly in line with his ideas: "The phase in which many thought that markets should rule and politics should stay out of it is definitely over. That idea was already wrong before."
----------------------------

Thats why I said before that Biden is better - for America and Amerians - than many want to give him credit for. Like Trump, in economics he is quite adamant on "America first". Europe dreamt of a good and well-meaning "uncle" - what it got instead was an economic powerplayer not any less determined to push american goals even at European costs than his predecessor pushed his personal interests. For many European governments and the EU, this came quite unexpected - and unwelcomed.

Not that it would stop the Germans from maximising further the challenges they load on their shoulders needlessly all by themselves, of course. As long as Germany still exist as a national entity, many in Berlin will not be satisfied, especially in the Green and left parties.

Mind you, German economy minister Habeck said one or two years before he became minister, that he has no use for any kind of national pride, and that he finds "patriotism pretty much to vomit" (original quote). That such a person knows no hesitation even when his political actions lead to serious damage to the country's livelihood is thus no longer a miracle, but downright logical. When Habeck took the oath of office, he basically committed perjury, as did a number of other ministers besides him. In the meantime, a whole series of his lies have been documented, and he has also been convicted of lying when he claimed that he had the continued operation of the remaining three nuclear power plants examined impartially and openly in his ministry. There are about 160 documents proving that he did exactly the opposite and gave the instruction on day one that any analysis work had to come to the conclusion that the three power plants were not needed. The wanted results of the ministry's "assessment" were already commanded from beginning on.

Wall Street Chorus Grows Louder Warning That 2023 Will Be Ugly

https://www.bnnbloomberg.ca/wall-str...ugly-1.1855686

Are we facing an economical Armageddon ?


https://www.theguardian.com/us-news/...ss-republicans

Markus

If you do not buy something you need now or in the next months you will not be able to buy anything due to the prices exploding.
You think a "Balkonkraftwerk" or a power generator will be cheaper or even affordable after the next 12 months?
Just because all stop buying? How can they? :03:

The only ones profiting from such videos and doom and gloom news are investors and reinvestors.

You know that there is depth beyiodn the surface, so i recommnend you jump into it and go deeper. Its abotu the consequences of a misleading understanding of what inflation ctually is. Governments lie to us all the time abitzu it. Banks lie about. In bflation is NOT rising prices as a cause for the probeoms following in its wake, but ionflation is a wanted rise of currency supplky decided ion yb govenrments - the price later rise as a conseqeunces of that onyl, they are not the cause, they are a follow on symptom.

Thats why I indicated so often that we all sit much deeper in the poop than most people realise. And there is no easy way out. All those bailout packages and government aid packages only delay the meltdown - and the cost of having that meltdown later becoming even more catastrophic and hurtful. Or our society being "freed" of even more liberties and freedoms when the government decides the meltdown is accptable to be countered by ever growing planned economy and thus totalitarian state control of ecnomy, and in the end: civil society. That way, the country and eocnoym turn into pressur ecookers inside which the pressure nevertheless soone ror later get too high, and then it goes all off. That when states explode and economies collapse, and the real nasty and physically violent things begin to happen: wars.

We are stuck much, much deeper in the poop than anbody wants to realise.

I see no way out, in the long run. None. Only a finite number of further attempts to delay - but no escapes.


The whole governmental propaganda and media apparatus day in day out focusses on hammering home a totally wrong understanding of what inflation is. This is so that people do not realise to what monstrous degrees governments and parties have become guilty or are derailing the fundaments of society and economy for their bids to power and parties' own self-interests.

"Die politischen Parteien haben sich den Staat zur Beute gemacht." - Richard von Weizsäcker. I wonder if he even was fully aware of how far reachingly true his statement in reality is. Its truth reaches far beyond the context of that speech that he spoke this sentence in.

Its a self-created maelstrom, and it crushes us, drowns us. Nobody is to be blamed than ourselves.


I would, if I wouldn't already have done so, go from paper stuff into real material values. Preferrably those the state cannot easily plunder. The state can always plunder everything but we should not make it too easy and invitngly. Hide, and keep a low profile. Either your reserves will be sufficient to hold out, or they aren't. You find out soon enough. "Investing" currently is just a lottery, and more fraudsters and foul-tongued liars are on the street than usually. Watch out. Beware. Be on your guard. Gambling, and investing, are not the same.

I get it with fiat money, but since we cannot do anything about it.. money is being made out of nothing regardless what you or i think.
But thinking in short terms your money is more worth now than it will be in a year.

The greatets raid in human history. The greatest terorrist attack on the freedom of Western liberal social orders. Ultimately these terrorists want to turn the West into a copy of the Chinese dictatorship model.

And quite some of you guys even vote for these criminals...!? Note that they are sitting in practically every party you can vote for, left and right, conservative an progressive.

Already Marx knew it. If you want to destroy the liberal basic order of burgeoise society, destroy its money system.

Remember the comical society depicted in that comedy with Stallone, Demolition Man? The sterile health guru as president who by the best-sounding excuses had established a de facto dictorship? - Stop laughing. This nonsense is about to come true.And we let it happen, not resisting at all.

When I feed my bank account by paying in enough money in cash so that the bills get paid for the next two or three years, I get treated like a criminal. I get questioned, must wage a paper war, must file evidence for my legal possession of that money, and a criminal investigation gets started because the bank is obligated to report me to a federal office checking such payments. The worst and really worrying about this, is this:the burden of proof has been reversed, the principle of "when in doubt, give the accused the benefit of the doubt" no longer applies. I am guilty from the beginning as long as I have not proven my innocence according to arbitrary and constantly changing rules that my enemy - the state - has arbitrarily set and changes at will to force my submission to its claim to power and ownership of my person and labor.

In ancient China there was a very perfidious and torturous method of execution, they had many of them and modern China still lives on this today (I once read a whole book about Chinese execution methods, after that I was just sick to my stomach for days). The deliquent was tied to the floor so that he was incapable of any movement and fidgeting, then a fragrant oil-soaked gauzy silk cloth was placed on his face. After a while, another pleasantly scented oil-soaked silk cloth was placed on top of it, and about a minute later, another oil-soaked gossamer silk cloth was placed on top of it. The intention was to slowly suffocate the victim to death and at the same time save face by presenting the victim's complete inability to move or wriggle as proof that everything was quite civilized and peaceful. Was it not gossamer-thin precious silk that was used? Wasn't it expensive, pleasant-smelling perfumed oil that was used to smother the pores of the fabric? Didn't they do everything to make the victim comfortable and to treat him with dignity?

The incarnation of absolute wickedness.
This is exactly what our politicians and central bankers and social engineers and do-gooders are doing to all of us today. Only that we are not tied to the ground.

We imbeciles remain voluntarily still.

Because we are well-behaved, civilized. Our freedom is robbed from us, with violence and insidiousness. The motive is the lowest imaginable: the enforcement of dictatorship and submission. We keep silent and parry, hoping that things will not get worse all by themselves.

They will get worse. And we deserve it because we are lazy and comfortable and cowardly.

Sometime in the second half of this century, it will be hard to distinguish the dictatorship in Europe and probably America from the dictatorship in China. Rejoice and be glad - that is because we did not want to fight back effectively and allowed it . We console ourselves with the fact that it happened for a good cause.

Shame on all of us.

FOCUS:
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This is the real reason why cash should be abolished

For years, there has been a fight against cash. Of course, this is always done with the argument that it is used to pursue higher and more honorable goals, such as money laundering, crime and tax evasion. The first companies, such as the technology retailer Gravis, are already no longer accepting cash.

Bit by bit, this salami tactic is being used to make cash useless and at the same time take it away from us - often unnoticed by the general public. Or did you know that our federal government has been investing millions of taxpayers' money in the abolition of cash for years? Yes, I was also gobsmacked when I researched this.

But first things first: in 2019, the 500-euro bill was shelved in order to stop money laundering and tax evasion. The hoped-for success failed to materialize, and to this day no empirical evidence of containment has been demonstrated. Even the Bundesbank had to admit that this action was a set of x's - only 20 percent of the bills in circulation have been returned since then.

In parallel, within only two years, the amount for anonymous table transactions (acquisition of precious metals, gems, etc. without registration) was reduced from 15,000 euros to 2000 euros. In my opinion, it is only a matter of time before this window is closed completely.

The next attack took place during the Corona crisis: In the beginning, cash was considered dangerous for a while because it was defamed as a virus carrier, which of course was absolute humbug. Nevertheless, to this day we see stickers advertising secure contactless payment.

EU-wide cash cap coming

But that's not all: In December, Brussels agreed on an EU-wide cash ceiling of 10,000 euros. If German Interior Minister Nancy Faeser had had her way, a cash ceiling of well under 1,000 euros would have been implemented. Here again, the Deutsche Bundesbank drives a clear contradiction into the path of the EU and the German government:

"So far, there is no scientifically sound evidence that cash caps achieve the goal of combating money laundering." This is also shown by experience in countries where payments with bills and coins are already limited to certain amounts, he said. "I therefore consider a cash payment cap to be misguided," said Johannes Beermann, member of the Deutsche Bundesbank's Executive Board.

At the same time, the German government has taken all citizens into custody under the guise of the Sanctions Enforcement Act (which is intended to make life difficult for Russian oligarchs and, as always, of course, to combat money laundering). Because the new section 16a in the Money Laundering Act (GWG) prohibits paying for real estate, land, houses and apartments in cash, gold or cryptocurrencies.

You see: Cash is under attack on many fronts. And if cash were to be abolished, it would have a number of disadvantages for us citizens.

Digital money = digital dictatorship

Only about two percent of the money supply exists in the form of bills and coins. Or to put it another way: only one in fifty euros. If only five or ten percent of Europeans were to withdraw their money from the bank, the house of cards would collapse and most would be left without money. Cashless payment is becoming increasingly popular in times of credit cards, Apple Pay, Paypal and the like. More than 90 percent of all payments are made by debit and credit card or bank transfer/direct debit. De facto, we already have a digital euro. So why is the ECB pushing so hard to introduce a digital euro in the form of a CBDC (Central Bank Digital Currency) for the Eurosystem?

Short answer: it's about control.

All transfers and transactions, whether private or commercial, are collected by banks and executed once a day in the banking system between institutions. What customers spend their money on is currently only seen by the banks. Passing on the transactions to the ECB or other parties is not possible and prohibited for several reasons. A CBDC would solve this problem permanently. Then every citizen in the EU would have a digital account (wallet) directly with the ECB - and the ECB would thus have a complete overview in real time.

Of course, the central banks will charmingly pull out all the stops to make this brave new world palatable to us: Payments will then be secure, convenient, hygienic, contactless, more efficient, cheaper and faster.

But the price would be high, because every customer and every transaction would then be completely transparent and traceable. A digital currency can provide countless data on the payment flows and user behavior of citizens. One could conveniently link the wallets with, for example, the vaccination certificate as well as other data. And then we have the truly transparent customer.

The threat of Orwellian surveillance

To take this provocatively further: In order to save the climate and educate us to be better people, we could then also install a Co2 credit account. Whoever then uses up his Co2 credit because he travels too much or drives a car, eats meat instead of bugs or highly processed meat substitutes, must pay or even starve. These are the wet dreams of the secret services and the nightmare George Orwell warned us about.

Another risk: In addition to Orwellian surveillance, interest rates could easily be lowered into negative territory without citizens being able to withdraw money from the bank and escape the negative interest rate. A bank run would thus be impossible in the future.

Penalty interest or a wealth levy could be used quickly and efficiently, and collected from every account without anyone being able to fight it. Likewise parking tickets, the broadcasting fee, etc. How convenient! Even an account freeze would be possible at any time by the centralist ECB. Just as it is now with the great role model China.

Digital dictatorship under a cloak

Speaking of China, the icing on the cake could be the installation of a social credit program. A centrally controlled digital money, coupled with the social credit system, is the perfect (and perfidious) solution for keeping one's own citizens in check, controlling them at all times and punishing them if they don't play by the rules. Whoever then steps out of line gets sanctions in the form of withdrawal limits or account blocking in addition to the deduction of social credit points. The digital dictatorship under the mantle of climate neutrality, solidarity and justice is complete.

But consumption could also be controlled. In China, people are thinking about fading money. The credit expires after a certain time in order to stimulate the economy. On the other hand, payments could be limited or even blocked on certain goods. Just the way a centralized institution would like it.

The ECB wants to introduce the digital euro by 2024/25. Globally, all central banks are working flat out on digital currencies because the advantages for them are obvious. The bottom line is that a digital euro is nothing more than the unbacked fiat money system, which is 100 percent digitalized. For us citizens, it only has disadvantages because we can then be easily monitored and expropriated. Negative interest rates can be installed without us being able to protect ourselves from this. Because in such a case, the escape route is blocked, namely withdrawing cash, taking it out of the banking circuit and thus legally removing it from the surveillance and access of the states.

So you can see why preserving cash is so important for anonymity, freedom and democracy.

Cash is freedom

But this freedom has been under fire from all sides for years. Not only are states and central banks attacking cash, but so are organizations like the Better Than Cash Alliance , a global association of governments, businesses and international organizations that want to accelerate the transition of cash to digital payments. Members include - unsurprisingly! - credit card giants Visa and Mastercard, Citibank, but also the Bill and Melinda Gates Foundation. What I find exciting is the finding of my research, already mentioned at the beginning: the Anti-Cash Alliance has received German taxpayer money from our federal government. From 2016 to 2018 it was 500,000 euros and since 2019 it has been 200,000 euros annually.

The trend is clear: The abolition of cash is taking place quietly and insidiously. At the beginning of the year, Lufthansa announced that it would only accept cashless payments at its service points. Almost at the same time, the technology chain Gravis, with its 40 stores, announced that it would no longer accept cash with immediate effect.

The fact is: Only cash guarantees ownership and title to one's assets. Money on the account does not belong to you, but to the bank. In addition I made several important videos. Cash is and remains printed freedom! It is and remains the only legal tender according to the statutes of the ECB: "Euro banknotes and coins are legal tender in the euro area. Cash is the only form of central bank money that we can all use directly."

Even in the event of a blackout, cash will be the only official means of payment that still works.

Despite my passionate plea for cash, however, I must also mention that our current monetary system is not sustainable. For unbacked paper money (fiat money) will, as it always has throughout history, continue to lose purchasing power and ultimately fail. Especially the dysfunctional currency experiment Euro . This is why an independent, decentralized, borderless, non-manipulable and deflationary system like Bitcoin is so brilliant and important. For me it is and remains the only alternative for a better monetary system.
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https://m.media-amazon.com/images/I/51lwMScvReL.jpg

Printing money - literally.

https://www.bbc.com/news/world-latin-america-64507085