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Old 11-21-12, 12:02 PM   #24
Skybird
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Join Date: Sep 2001
Location: the mental asylum named Germany
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We have no money "left". No nation has. We all are drowning in debts, we trade debts and try to find relief from debts by making new debts, and we try to excuse this by saying that in order to reduce our debts we must make more debts and increase spendings. And thats why we have more and more debts, and all the risk and danger coming from that stockpiling high into the sky.


Formally, our debt load is 2.1 trillion. Including future pensions to be payed and obligations in the future deriving from conditions in the present, our debts are somewhere in the range of 6-9 trillion. Guarantees we have given for ECB policies and Euro-related polcies, are n ot included in that. We have just had a very high tax collection with huge income for the state - and still increased our total debts. Our economy finally seems to creep towards a 0% growth and then a recession.

Go figure.

We will loose a fortune if we bail out greece, and we will loose a fortune when we do not. We have allowed the gangster at the Bundestag to push things that way, and next year millions of Germans again will legitimise them in elections to continue with that. We do not deserve it any better, therefore.

Anyhow, Greece is not really that important anymore. What could really blow up Europe, and Germany, is France.

If you undersatand a bit German, read the latest link I set up in my Note fro germany thread, the interview with Sarrazin. The money that has been spend on Euro bailouts, is gone. It will not come back, it'S gone, completely. And with interstes no longer covering inflation, and being additionally taxed, we are in a phase of biggest devaluation and mass-expropriation since Weimar already. Heck, we even have had negative interest rates for bonds in Germany.

It'S all FUBAR. With britain, it is not any better, just different. The total debt however seems to be much higher there, twice as high almost than Japan.
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