By Peter Haisenko up writing in 2008 and valid than ever
Financial crisis or systemic crisis?
” The world will be a different “
First she was called mortgage crisis, real estate crisis and financial crisis now.It is time that this crisis gets her real name: it is a systemic crisis – which can be analyzed very well and make it understandable for everyone. To understand what are the root causes of this crisis and why it was inevitable at the history of the monetary system in the last century, however, must impartially consider.Then, it is also clear that this crisis can not be over unless fundamental changes take place in the global financial system. The world needs in terms of the monetary system to another – and before that one must not fear. The contrary, we can look forward to a more equitable world order.
A fundamental principle of finance theory suggests that money is a medium of exchange legalized, which will also serve as a store of value. By the end of the nineteenth century, this principle remained untouched. The money economy was simple and straightforward: The value of money related to the value of gold, and so was the money not be increased. The Goldmark, the U.S. Dollar and the British Pound knew no inflation. The British pound had its value over four hundred years not only maintained but even increased by ten percent. The people were able to secure their pensions reliably saved money.
Britain starts with the decline of the pound a century of inflation
In 1900, the UK economy experienced a decline that led to the UK built up a growing trade deficit that exceeded 50 percent of its foreign trade volume. Thus, Britain had a serious problem. This met the Bank of England, by simply printed money so that imports could be paid. This was a waste of money creation without adding value and had to cause the British pound experienced inflation for the first time. Beginning of the twentieth century had the Bank of England to abandon the gold reference of the pound because too many bills were issued. The existence of the British Empire was in acute danger.
Through skillful diplomacy that led to the First World War and consequently into a political reorganization of Europe, Britain could temporarily save his Empire and the pound. 1923 an international conference was held in Genoa, should be on the decision on the restructuring of the world financial system. Even then tried to enforce a gold-exchange standard, with the pound sterling as a reserve currency the UK. However, the then participating nations were independent and sovereign – they quickly realized what would cause the system desired by Britain and refused their consent. Twenty years later, it was different: The year 1944 was under the impression the Second World War, and the United States and Great Britain dominated the free world. So this time it was easy to enforce the still valid world order for the financial system in accordance with the requirements of the United States and Great Britain.
At the conference, which was held at Bretton Woods in New Hampshire / USA, participated 44 countries, all of whom were more or less dependent on the U.S. or UK. In addition, countries were involved and entitled to vote, which did not exist at that time as sovereign states: for example, the Polish government in exile, who had found asylum in London. 1944, a gold-exchange standard was adopted at Bretton Woods, with the U.S. dollar and the pound sterling as a reserve currency. Thus, the foundation was laid for the current financial crisis.
The gold-exchange standard seduces to fraudulent actions
The fatal difference between a pure gold standard and a gold-exchange standard apparent only on closer inspection: With a gold standard, each bill issued must be covered by a corresponding amount of gold. This means that one has with the possession of a bill are entitled to a certain amount of physical gold. The price of gold is fixed with respect to a currency and unchangeable. The money has brings a real relationship, responsible for each country draws, the bank notes in circulation. There is no inflation.
Unlike the gold-exchange standard: Here only the reserve currency must be backed by gold. All other currencies have a fixed exchange rate against the reserve currency, and so retain their relation to gold. As long as one can assume that it’s just decent people out there in this world who act moral integrity, this system could work. Prerequisite for the functioning of the system is balanced in the long run trade balance of all participating nations. And if a country imports more than it exports, so suffers a trade deficit, then there must be a corresponding share of his money to other countries. Because the money supply can not be increased, this money is missing from the internal circulation, and so make the functioning of the national economy in question. So, countries need to ensure that they achieve a balanced and positive trade balance, so that their internal money circulation is not disturbed.
Because it is clear that it may not always be possible to make a trade balance, the Bretton Woods system provides the ability to create reserves for bad times. These reserves are in U.S. dollars – the key currency – created. And here now is the drawback of the gold-exchange standard can be seen: The U.S. dollar, the land as a reserve with the central banks come from the money supply of the U.S. and would be missing there.Thus, the internal circulation of money the United States would be jeopardized. However, to prevent exactly this, was in Bretton Woods determined that dollar reserves outside the U.S. will immediately retransferiert in the United States, so that these can be borrowed on the money market in New York again – again a quite workable system. However, just as long as it is not abused.
For countries with trade deficits, this system also includes the ability to borrow money at interest to secure their internal circulation of money. So as long as respect all States concerned to ensure we deliver a balanced trade balance, this system remains functional without an increase in the total present in the circulation of money would be needed.
Unfortunately, there is one exception: namely just the country that has the key currency – the United States. Namely, if the U.S. suffers a trade deficit, they get their money back immediately. After the Treaty of Bretton Woods, the dollar reserves of the central banks will immediately retransferiert in the United States. 1944 was the United States unequivocally the country with the strongest economic force, and they were a classic export country. And it was not foreseeable that that should change. On the other hand, the creators of the Bretton Woods system was very well aware of the privileges and opportunities will offer their system for countries with reserve currency status. And thus it was clear from the outset that the United States would in 1944 have no reason to make a positive trade balance, as early as 1959 Jacques Rueff, had admonished noted financial advisor to Charles de Gaulle.
If a country with Leitwährungs status have a trade deficit?
If just the United States – with the reserve currency country – to build a steady anwachsendes trade deficit, this is extremely dangerous for the entire system. Because this condition creates two fundamental problems: on the one dive those dollars that are retransferiert by the central banks in the U.S., twice in the balance sheets – once as a reserve in the exporting country and once in the internal circulation balance the United States. This means that the total amount of money in circulation worldwide increases in the amount of U.S. foreign trade deficit, without yet it has a value. This in turn must follow the classical rules of economics inflation, so a devaluation of the U.S. dollar, lead to. In the system of fixed exchange rates but that could not be – and thus you can already see that this system had to be doomed to failure from the outset.
The real problem arises but U.S. Internal: The retransferierten U.S. dollars must be brought in the United States back into the internal circulation. But that is not so easy because it comes to money amounts, facing no value added in the United States. As long as the trade deficit of the United States was manageable, this problem could be overcome if the average worker in the United States received a higher wage, would have represented as its actual value-added performance. The moving up in the sixties in the single-digit range and therefore was possible because the U.S. economy almost a closed, self-sufficient system was at that time. However, the amounts grew to U.S. dollars that were recorded outside the United States as a credit – that is, the foreign liabilities of the United States – at up to 1970 so that President Nixon did in 1971 forced to cancel the gold standard of the U.S. dollar because the gold reserves of the United States simply no longer sufficient.
The currency system loses its basis
Thus, the Bretton Woods system, the foundation was removed, and the entire system would have to be redefined at this time. It was been a gold-exchange standard. But from then on it was just a exchange standard. This means that the U.S. dollar since 1971 has not relate to any real value, but only an ideal. The first consequence: the system of fixed exchange rates could no longer be maintained. Since that time, is trading at Forex, while generating huge profits for the banks, facing no value. The price of gold is variable since that time. He is redetermined every day in London.
Otherwise, the financial world took no notice of this, amazingly, actually world-shaking event. Although the U.S. dollar lost value, but on the one hand much too little, and on the other hand, the existence of the system was not even begin to put into question. What is likely to be, among other things, that already existed in the world at that time large fortunes, which were quoted in U.S. dollars. Their owners had the power to preserve the value of the U.S. dollar and to make no interest in their possessions in question. This condition has not changed to this day – and so will try all means to get this disabled system.
Since 1971, the Fed, the central bank of the USA, emit dollars in any amount. This option uses it from plentiful. This led to an exponentially growing foreign trade deficit of the United States. The system of inflated wages within the United States prompted businessmen, their production be taken to relocate the rewarding favorable abroad, which drove the foreign trade balance of the United States in addition to new negative records. Nevertheless, this did everything to 1990 in a reasonably manageable, perhaps even manageable limits. With the fall of the Soviet Union, however, was accounted for at the same time any moral inhibitions for-profit arm of the western economy. The evidence for the superiority of the Western system, and that it is the better for the world, had no longer be provided. From there you could totally ruthless pursuit of maximum profit – globalization was invented while the turbo-capitalism.
Globalization eats its inventor
For the USA, the globalization ultimately proved fatal, although they have initially the greatest benefits drawn from it. Because the open, globalized markets flooded the U.S. with cheap products from low-wage countries. The American producers could only survive if they moved their production abroad in many areas. This in turn allowed the trade deficit of the United States to rise such that the internal consequences for the United States was no longer cope with the existing resources. In recent years it was more than 750 billion U.S. dollars per year. The total foreign liabilities of the United States now exceed 4,000 billion U.S. dollars. With a huge sum so one must assume that these debts can never be repaid. And we can also safely assume that, ultimately, no one believes that they will ever be repaid.
Consumption without work
Trade deficit is an abstract concept. For citizens it means the following: In a country with a trade deficit, the citizens of this country consume goods for which they have done no work. Using the example of USA, startling figures emerge. The United States in 2007 goods for 750 billion dollars imported, for which they have exclusively given to U.S. dollars. Besides this money they have so provided no real consideration, namely one that would be created by the labor of its citizens. This means that on average, each employee has consumed in the U.S. last year goods worth a total of $ 5,000, without providing for a single line work.
On the other side of the ocean we have Germany with its external trade surplus of 120 billion euros. Trade surplus means that the goods have been produced in a country, which have not been consumed domestically. The employee is therefore ultimately had nothing of this work. In detail this means: Every German worker has an average paid in 2007 for 3,000 euros work that he has not consumed. This work could be adjusted, without necessarily a lack would occur domestically.
Basically, the U.S. has no problem with the amount of money in their land for their foreign trade deficit. The agreements of Bretton Woods safeguard the. The problem is the internal distribution. It must be designed so that it will not be obvious to the rest of the world. The retransferierte money must be brought by the New York banks to the citizens so that it is available to the circulation actually available. In the nineties, it was sufficient to increase the income of the upper class dramatically. Thus, the service sector and the luxury consumption was encouraged, and there was money among the people. However, very soon showed that this could not be enough for long. Especially since service means no real value and no viable means is to improve the trade balance. On the other hand used the American upper class their new wealth to adorn themselves with imported luxury goods, what the foreign trade balance additional burden.
Because they knew what they were doing
So you hit on this trick of the property: The majority of Americans live in residential property which is burdened but generally high with mortgages. The nominal value of these properties was ramped up, and the banks were offering the owners, their mortgages frame up to the new – higher – limit and even exploit it and use the money for their consumption. One method that is almost impossible under German law. The Americans, however, were only too willing to follow the suggestions of their banks. So the retransferierten dollars came back to American consumers and thus into the circulation without the need for any work had been done. That was the meaning of the thing and the U.S. has actually brought surprisingly good economy figures for some years. However, it was clear that even this method is not allowed to continue as long as desired – the bubble had to burst. This happened in 2007 and was then called “mortgage crisis.”
Of course, the initiators and the bankers knew what they were doing. Therefore, they have, as the end drew near, their bad debts and so passed on their risk. They created packages so-called derivatives in which they hid their bad loans. These packages have been by the rating agencies fraudulently so good, rated, and sold to foreign banks. But the economists of buying banks knew very well that they bought time bombs with these packages. And they knew that it would not be a question of whether they would explode, but when. On the other hand, they also knew that the world financial system would collapse, and that in the autumn of 2007, provided that they did not support the banks in the U.S., with its action.
Here is the intentional fraud continues to citizens: slices, it has been opened to the citizens, what loads they would contribute to maintaining the fraudulent global financial system. To date, no one has publicly admitted where the actual causes of this crisis are large, although it can always know which deals more specifically with the issue. The numbers are so obvious: The trade deficit of the U.S. is about 750 billion U.S. dollars.According to general estimates, the crisis of 2007 cost the citizens of the world about 750 billion U.S. dollars. In 2008, the United States access to a rescue package of 700 billion U.S. dollars to their banks under the arms. This she borrows from the pot retransferierten the U.S. dollar, and plays them back directly to the citizens continue to allow the internal circulation of money in the U.S. does not come to a standstill. It is already clear that this amount can also bridge just another year. Then it becomes even more difficult, if not impossible, to buy another year grace period. The “insiders” know that Minister Steinbrück: “The world will be a different one!” Only the French, especially President Sarkosy, have at least the word “Bretton Woods” ever put in the mouth.
The credit cards (un) beings – other 900 billion are already lurking
The way the Americans with credit cards is significantly different from that of the Europeans. In Europe it is common to every month to completely pay off its debt to the credit card company. Unlike in the United States: The average American pays only the minimum they need. That means he pays about ten percent of its debt and leaves the rest are as interest-bearing loan. On average, each American has more than ten credit cards from different companies. Each of these credit guarantees him a credit line of 1000, – U.S. dollars or more. In the U.S. it is common to exploit this credit line. So it is possible that with the help of credit cards the average American a loan of 10,000 -. U.S. dollars or longer enjoys without having to exist for any credit check. And that in turn is the sense of the thing. In this way, money comes back in the U.S. internal circulation, for which no work has been done. According to generally accepted estimates, the credit card debt of Americans in total amounted to 900 billion U.S. dollars. This results in $ 6,000 per worker, and there is hardly a prospect that these debts can be settled in the foreseeable future. Moreover, it is only a matter of time until the interest on these debts overwhelm citizens, and these loans will burst. In financial circles possibilities already discussed how we could mitigate this problem. Given the extremely huge sum of 900 billion U.S. dollars but is becoming apparent that there can be no solution. Thus, we have in addition to the housing crisis still a sword of Damocles over the world financial system, which would be enough alone to destroy the entire system.
Other loans do not burden the future
The future president of the United States, Barack Obama, aware of this problem. He announced in November 2008 to provide a further aid package amounting to 900 billion U.S. dollars for its banks. He can easily do, for all the “insiders” are aware that on this debt, no one will come up, because it is only a matter of time until the existing system must collapse. Then all debts and assets will need to be completely re-evaluated. This may sound scary at first glance, but you have to look only in the recent history to determine that which the world will not go under. 1929, the then world economic crisis has happened, for example, in Germany just that: Hyperinflation has all the assets and liabilities that were denominated in Reichsmark canceled.
In this sense, one must realize that it can be useful only for Germany and the rest of the world when every effort is made to keep the economy with loans to the public sector going. The goal of time must mean to preserve as many jobs as possible. The amount of work that is currently done, will have to be made in the future, if we want to maintain the current prosperity. It’s in the current situation, especially about sustaining functional structures from destruction by a collapsing financial system. The normal rules of economics are anyway already overridden. So you must not frantically hold on to old dogmas in search of new ways. Rather, one must make every effort to achieve the smoothest possible transition to a new system. These measures may well be taken that may seem unfit by the conventional rules: debts that are now being built in addition, are not additionally burden us in the future. They are compared to the existing anyway rather insignificant, but can prevent a recession actually destroyed the economy. Because it can be clearly seen in the case of the USA, that it only is emergency programs at the current measures, the Europeans must not inferior to save their economy also with emergency programs in order to survive for the future.
The U.S. – giant with feet of clay
When the Bretton Woods system collapsed, especially the United States have a serious problem. The rest of the world really. The United States can not therefore pay with “Mickey Mouse money”, in fact worthless dollars then their imports. Because the world will not accept that. But for their exports to the U.S. is demanding tangible in return. The U.S. does not have to offer. The U.S. will have to rely on the generous mercy of the world if they want to buy oil or clothing for their citizens. In the U.S., almost no clothing including shoes are produced. For more than thirty years in the U.S. not a single clock is produced. A computer “made in USA” is composed of parts that do not originate from the USA. The market for oil in the United States consists largely of imports. Cars produced in the U.S. are not competitive on world markets. In short, if the U.S. dollar loses its status as a reserve currency, and therefore the associated privileges for the U.S. accounts, the future for “the worlds leading nation” looks pitch black. It is not excluded that the then under-served and freezing citizens of the USA have to experience state of civil war.
The moneyed elite in front ensures
Those who really control the fate of the world, so the masters of money, have known for some time that the collapse of their system is inevitable. That’s why they are pursuing two priority objectives: First, they try to get as long as possible the status quo. Second, they are desperately looking for a way to their possessions, so their extreme good life at the expense of others to save in a time after the Great Crash. To this end, they always invent new financial instruments, by which they carry out large-scale ownership shifts in their favor. The aim is outside the United States to own property, which yields safe return, no matter how the world economic system will look like. Why buy North American investors on a large scale in Europe, and particularly in Germany, real estate, stocks and utility companies for many years. The buyers of these goods are following a collapse of the U.S. dollar can purchase from this comfortable property income. Again, it is only France, which here, attempted to counteract. In October 2008, President Sarkosy has declared their intention to prevent by means of a state fund selling out of French companies to foreign investors.
Mickey Mouse money and real goods
Anyway, it’s a dubious process, if it is possible that investors of a state that has a trade deficit go abroad on a shopping spree. According to the classic rules of the economy, should not, or at best only a very limited extent, be possible. But starting with the seventies, the amount of virtual money has been increased exponentially increasing in the International circulation. These always new and undurchschaubarere instruments were launched, could that help conceal that which is now circulating in the world of money exceeds the value of all properties available to thirty times. This money is the result of pure money creation – so it is in fact purely virtual. And yet you can buy with this money real objects. And also is possible to manipulate the state of national economies or to conceal. That’s what takes place to an increasing extent since the early nineties.However, even this sophisticated fraud scheme has now reached its limits. But still it works and will continue to be used with virtual money to buy property – for a rainy day.Therefore it is also with all his might trying to get this system as long as possible alive.
Not only in the U.S. have a lot of people a lot to lose. Also in the rest of the world enjoy bank manager and currency trader income and privileges unheard of in height. Also, they would perish in a collapse of the system with and then maybe you would have to earn a living with a productive activity. Therefore, we must see how an international bank seeks Mafia together to support the system that was created solely for their own personal benefit and that of the United States. This also explains why people who need to know why not protest loudly against this criminal system. They also suffer a personal loss if they squander billions of their institutions and the billions of taxpayers. It’s not their money.
Money and money’s worth
One thing is certain: The world of finance must and will be another! Should we be afraid of that? Definitely not! The world can only get better and more equitable – and it will all be better off if the exploitative U.S. controlled financial system finally collapses. The sooner, the better! To understand this, one some basic paradigms overboard must, however, throw: For over five decades, the understanding and the ratio of people have been miseducated to money. You have to find back to the simple realization that money can be something of value only if it takes someone and at the same time is willing to perform work – so once it has a real value. You can eat it does not. And it profit a well anything, if you want to survive alone in the wilderness. Even if all the money in the world would disappear in one fell swoop, would nothing more than spend this money disappear. The same is true for stock prices: Even when a stock loses half of its value, by no means disappear factories or machines. Nothing changes with the real world!Meanwhile, you should be aware of – then we need not fear a financial crisis to have. But we must always think back back to the good old values, namely a sense of community and solidarity.
There is no shortage
But in order to ever be able to understand how much our relationship is miseducated for money, you have to see that it actually lacks in the western industrialized nations to nothing. Everything you could ever need is available in abundance. If the impression is that some sections of the population suffer want, so it can only be a artificially created shortage. This is prepared by the Finance broad population groups denied access to sufficient amounts of money or for example by means of an artificially inflated in the amount of oil price their hard-earned money decreases again. This remedy can be very finely tuned control of how much money may be to ordinary citizens in the consumption of non-essential goods available. For it is clear: the freedom to buy any oil, there is not. It is no coincidence that the oil price has fallen dramatically in the fall of 2008: the citizens are to be relieved so that they have money for consumption available that can keep the economy going.
So you have to realize that the situation in 2008 is not comparable with that of 1929, the year of the Great Depression. The time around 1929 was marked by a fundamental lack of provision for large population groups. The year 2008 has tended to struggle to manage general abundance. This knowledge helps realize that no one should be afraid of a crisis. Because one thing is clear: the production of perishable goods such as food can not be easily adjusted, just because the money economy to stumble. They must also be somehow distributed and consumed, no matter what happens to the money.
Here we have arrived at a place, which clearly shows the need, the general awareness of the people regarding the money and its function due to their simple and natural resources. Money is a medium of exchange legalized, which will also serve as a store of value. Money should not be a means to exercise power, for which it is abused for some time. Money as such can not afford to work. You must discard the nonsensical idea that investment would depend on money. This investment can be made, work to be done.These must be available. It takes a huge process of change and rethinking. The frame of the above, it does not allow to treat this complex process in its basic width, as well as the discussion in the next paragraph. Why I refer to my book “bank robbery globalized,” for all who want to understand what respect of money and its use is wrong to generally accepted thought processes.
Work as an end in itself
The amount of work that is done in Germany, is more than sufficient to provide citizens with everything you could possibly need to make sure. Accordingly, Germany is developing a trade surplus of 120 billion euros per year. This corresponds to about 5 percent of the gross national product. This work is not consumed in Germany. Just as a persistent trade deficit can not be healthy, also an ongoing trade surplus is detrimental in the long run. Citizens who engage in this surplus labor, the fair wage for their work is ultimately denied. You work, without being allowed to enjoy the fruits of their entire performance.
Nevertheless, the workers for years demanded ever greater achievements. Working hours are extended and shortened the benefits. Germany must remain competitive, is the ever-repeated argument. The jobs are at risk if it can not be produced cost-effectively – it’s called. This is not conclusive. As long as a country can generate a positive balance of trade, production can not be too expensive. And as far as the loss of jobs, a radical rethink is called for. If someone does work, the fruits of which he may not enjoy it, then it is in this work to work as an end in itself. This work can be adjusted without a real loss arises – economically speaking.
Thus, even if the export to the U.S. should break largely due to the current crisis, less than 5 percent of the foreign trade volume will amount to. This can not take seriously challenged an economy. It would be quite sufficient, the average weekly working time to be shortened by about one hour to compensate for lower sales volumes. This reduction must take place with full wage compensation, because on the one hand we have the purchasing power will remain in the country, and on the other hand, will increase the cost of the individual products for less than 3 percent. No one may claim that the excellent products from European countries are less competitive if they are more expensive to just 3 percent.
While this statement is necessarily incomplete. Because the relationships and effects are very complex and can not be comprehensively presented in this brief. However, the idea to be conveyed here, at least, that a decline in exports by a few percent in a country with a large trade surplus does not necessarily mean the loss of jobs. However, it is important to adopt radically different from the doctrines propagated by the turbo-capitalist one, absolute profit maximization. These are inhuman anyway – and unfit for building a social and liveable society. Basically, it is important to recognize that a decline in the gross national product by a few percent for a country with a trade surplus can have no influence on its prosperity – as long as everything is done with the right things.
The U.S. will lose the most – and get gifts
Of course, there will be severe turbulence to a reorganization of the global financial system can be effective, but at least it will for some time just to go in this world. Cancels the U.S. dollar together, only the United States have a really serious problem. It is true that unemployment increasing in us because the U.S. can no longer afford imports. But actually this is ultimately not a real problem, because we got anyway for exports to the U.S. only worthless U.S. dollar and no real value. This work we can adjust without suffering a loss.
As soon as the U.S. dollar collapses, something else happens: The U.S. debt will be canceled with the U.S. dollar. You’re quoted in U.S. dollars. This means that the rest of the world have, in fact the U.S. did everything they have delivered against the U.S. dollar as a gift. It would in any case be naive to assume that the U.S. no matter what will happen, will ever be able to pay its foreign debt with real goods. These debts have been made in the knowledge that they will never be settled. The status quo is this: As long as the current system has on hand, the rest of the world gives in 2008 the U.S. goods worth 750 billion U.S. dollars – just in the amount of U.S. foreign trade deficit.
The world pays for the military of the United States
The U.S. maintains the largest military machine in the world. The costs amount to about 750 billion U.S. dollars per year if you einrechnet with all the hidden extra costs.Realistically, there is no country on this earth that could threaten the USA with military means or wanted. When you consider this, it becomes immediately clear that it should be completely sufficient if the United States reduced its military on nuclear deterrence and a minimum of Homeland Security. Each is the absurdity of the idea can be seen that the United States could be attacked by an invading army. So the U.S. military is primarily the aggressive enforcement of American interests around the world. This costs the Americans, as I said, 750 billion U.S. dollars per year. Had the Americans these costs are not, and they would use the labor force who represent these costs for civilian production, so it would be easy for the U.S. to establish a trade balance.
Thus, it is apparent that in fact the whole world paid for it, dominated by the U.S. military and to be threatened. Here, the economic damage caused by the American military worldwide, even not counting here. All that will change if the U.S. lose their privileges from the Bretton Woods system. You will be their global military operations simply can no longer afford. You then need to recognize the law of nature that the maintenance of an oversized army may be, for general benefit to the citizens of a country never. The world will be more peaceful if it no longer gives the U.S. their labor for their military.
What to do?
In 2008, has become increasingly important, as they can save their savings against a total loss for many citizens the question. The answer is basically quite simple: you just have to follow the example of the great investors. This buy real estate and stocks of companies that have a lasting substance. Sustainable substance means that these public companies have robust means of production and real estate. Both are things that can not simply disappear from the world, no matter what happens to the money. You are her owner always guarantee an income.
The fraud with the gold price
Who does not have so much money that he can simply buy a property then flees into gold. This too is physically real and its presence is not dependent on any doubtful amounts of money. Accordingly, the demand for gold in 2008 has increased enormously and has shown with shocking obviousness as Naughty manipulated the financial sector and the citizens cheats: early October 2008, it was no longer possible to buy gold in physical form. The banks have simply sold no more gold to individuals. According to the classic rules of the market economy which should have been an extraordinary increase in the gold price result. A sought-after, scarce commodity rises in price. Normally. Not so the gold! In October 2008, the gold price fell by more than ten percent. That’s obvious manipulation.
The price of gold is set daily in London. Here is normally assessed as the ratio of supply and demand is respect of gold and then accordingly fixed a price. However, the current fixation can demand totally ignored. The current pricing for gold followed by political motives. Citizens should be prevented from feeling gold as desirable, secure complex.They should keep their money in banks. It shows them: look at us, gold is not a safe investment! But the events surrounding the current gold price should be able to convince even the skeptics that those who determine the monetary economy, actually manipulate largest style in order to achieve their goals and to deceive the citizens. So you have to really not be afraid that this world financial system collapses and is replaced by a new order.
Then it will no longer be possible to manipulate currency exchange rates on a large scale, as it is currently taking place. Everyone is aware that in the present world financial situation hang the biggest problems in the U.S. dollar. Nevertheless, the U.S. dollar has gained in 2008 twenty percent of its value. It’s illogical and serves only one purpose: the overvalued dollar makes it easier for U.S. investors to acquire valuable goods abroad. In addition, European stocks are actually significantly undervalued at a level of the DAX below 6000. The profitability is higher in real terms than suggested by the share prices.The buyers from the USA so enjoy the double advantage of low stock prices and an overvalued U.S. dollar. In order for a fraudulent Clearance Europe to American investors is further promoted. This must come to an end and we have to just be afraid that this end will be delayed even more as soon as possible.
War may not be an option
However, there is still something that makes you should really fear: the U.S. has the most powerful military machine in the world, and this is exclusively geared for aggressive missions around the world. History has shown that the U.S. is always ready to use its military to safeguard their interests – and, unfortunately, it is feared that they could do the same to save their status. How this could be done, I dare me hardly imagine. The only country that could the somewhat reasonably Effective oppose is still Russia.Moreover, Russia provides real oil and natural gas at realistic prices. The U.S., however, provide bad loans and exploitation. So you should have as soon as possible to consider who might be the more advantageous partner for Europe in the near future.
Europe operates with the rest of the world – except the U.S. – a reasonably fair and balanced trade. Here are no major problems to be expected. And trade with the U.S. is less than ten percent of the total volume. Therefore, Europe will not be a serious problem if this proportion drops significantly. Because, strictly speaking, refers Europe not from the U.S., we really would need. Unlike the United States, you are dependent on imports of absolutely essential goods from around the world. On top of that, the U.S. is still the world champion in the wasteful use of energy. As soon as the world financial system collapses and the U.S. dollar is worthless, the U.S. can no longer buy unbridled oil and burn. In this sense, it is the best thing the environment – can happen – and not just the environment. And for the personal use of the current crisis, I have some simple advice: Give of your money, as long as it is still worth something! This creates pleasure, is the best way to help the economy and preserve our jobs. We look forward to a new world financial order!
Peter Haisenko ,
Author of the book ” bank robbery globalized “ ,
How is it that the U.S. and Britain today dominate the world with their control over the money markets? The economic analysis of the period before the First World War, is pushing for the conclusion that the German Empire has been driven by a hostile entity in the First World War, so that the claim of the Anglo-Saxon world will not be disturbed on world domination through the (especially economically) powerful German Empire can.After reading this book, you will see the world with different eyes -. Primarily as a German“England, the Germans, the Jews and the 20th Century”