Posts Tagged ‘Angela Merkel’

The EU Summit Banking Deal: Another Socialist Joke

October 20, 2012

One really must hold ones sides in laughter as one reads the latest statements by the Euro-Socialist heads of state commenting on their latest banking deal “breakthrough” that will do nothing to negate the crisis which Euro-Socialism has brought on Europe. The tired Leftists will continue to blame it on “Capitalism”, which has never really existed in the EU, since a system which has so many Socialists aspects, from a minimum wage to a state pension system to national “healthcare”, can hardly be called “Capitalist”. Socialism always ends by bankrupting the state and undermining the value of the currency, leading to inflation which merely drives the poor deeper into poverty. The latest EU manifesto on banking is merely a tissue of words designed to staunch the lifeblood of free-trade which is fast drawing out of Europe, and probably exists only in the backalleys of European metropolises, where narcotics deals and prostitution are negotiated in a free-market atmosphere of haggling over price. Long live the black market!

Silverwolf really had a good giggle over some of the flatulance coming from the mouths of that tired Ideologue, Merseeur France Holland, better known under his stage name of Francois Hollande, a man who obviously loves the nation-state (or at least his parents must have), but can’t decide which one he belongs to. How do Frenchman feel about being ruled by a Hollander?

If you’ve got a split lip, don’t read this because it’s really ludicrous. Hollande says of this new agreement, “Thanks to this, we can advance more quickly and with more assurance.” Advance witherto, Missyer ‘ollande? And what does “more assurance” mean? One is either asssured or not assured, and if you’re not completely assured, you’re obviously unassured. This is like the social democrat’s phrase “more freedom”, as in “this measure will give more freedom to the public”. Well, one is either completely free, or else unfree. Freedom has no quantitative measure, and, in Libertarian thinking, the only restriction on Freedom is that oneself and all others may not assault the property rights of any individual person. That is the only requisite for an orderly and non-violent society. (Property Rights, by the way, include ones corpus, which cannot be assaulted, enslaved, or dragooned into the military.)

Hollande went on to say that European states needed different “speeds of integration”. I guess the Socialist President of France in his economic wisdom knows what this “difference in speeds”  is going to require. And of course, there is to be the inevitable “council that will meet” as there always is — the experts will get together and figure out why they haven’t been able to figure out how to run a Socialist economy for the last few decades. More words, more verbage, as the EU debt creation monster will continue to breed more government bonds. The Socialists will never stop borrowing to feed their social methadrine habit, and those debts, denominated in eventually-worthless Euros will one day be realized to be never payable, and the whole Socialist outhouse will collapse.

Hollande’s Socialist twin over in Deutschland, Comrade Merkel, made the stunning and specific recommendation that “quality takes precedence over speed”, a statement certain to send clarity to the markets. Of course, if only we’d done that long ago, Angela’s got it right. So, that must mean that we must not rush this process of solving the Euro crisis — we’ve got tons of time, just don’t go too fast, while the general strikes flush another day’s national production down the loo, further weakening the economy and not producing any consumer goods and so further strengthening inflation. Yes, let’s just listen to the wisdom of Chancellor Merkel. After all, the legislative framework will be in place January 1st, and the body will start functioning “later” in 2013. Oh, there’s oodles of time.

As far as Euro doubters like Silverwolf, President Hollande took us to task. “Greece’s presence in the Eurozone should not be questioned anymore.” Yes, sir. Doubting Thomases like Silverwolf should shut up, and not question anymore the authority of a Socialist, who after all has been “Democratically elected”. What impudence Silverwolf has! Maybe such scoundrels as himself should be arrested for Sedition?

The new EU plan, which will create a central banking Czar who can intervene in any of Europe’s 6,000-odd banks, is obviously a prescription for fraud, and having one bank wipe out its competition by having corrupt individuals within the Czar’s bureau picking who will get stepped on and who will not. It will create another massive bureaucracy that will have to be paid exorbitant wages, benefits, and pensions, all borne by the already bankrupt taxpayers of Europe. And already Merkel is asking for a distinction to be made between “systemic” banks, and other banks. How convenient for those who are not regulated! Merkel also seems to know the precise exact reform that will be needed to fix the Eurozone engine-seizure. Can both of these Socialist geniuses, Hollande and Merkel, be right? How is it possible for two such brilliant Socialists, whom you will recall were Democratically elected and thus reflect the “wisdom of the people”, to disagree over principles, if Socialist principles controlling the banking sector are correct? Beats Silverwolf.

And the fact that this move will probably cause the UK banks and the City of London to be consistently outvoted on matters of EU banking is also conveniently being ignored. After all, who needs the U.K., except for their tourist Euros and their chocolates.

The mess that Euro-Socialism has created, with one tranche of society legally allowed to loot another tranche of society until the looting gives out like an exhausted gold mine, will not be solved by this bureaucratic tapdance the Euro-Socialist leaders are trying to perform. They are still creating debt, and until they give up Socialism, and move to a radical free-market, Individual over Corporation, pure Capitalism, with the small businessman, the shopkeeper, and the artisan at the core of that Capitalism, they will never succeed in their Socialist pipe dream of wealth without work and the effortless guaranteed income for all.

That over 350 million Human Beings can have their lives ruined by these State-Socialist Miscreants is Tragedy Incarnate.

Hooooooooooooooooooooooooooooowwwwwwwwwwwwwwwwwww! — Silverwolf

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The Fourth Reich Panics: Germany Bans Short Sales

May 18, 2010

It is both interesting and instructive for the student of Austrian Economics to watch the predictable panic and superimposition of Draconian economic measures that Socialists always display when their economic Ponzi schemes start to unravel.

And so it is that that angel, Angela Merkel, and her German BaFin financial controlling body, have gone berserk in the face of the continued fleeing of investors from their Euro, and banned “naked” short selling of both Euro bonds and 10 large banks and insurers. You can be sure that when major world markets like the Euro-Socialists start imposing ad hoc rules, out of thin air, to try to control their markets, then panic has set in amongst the Socialist politicians. That huge Socialist rip-off, known as the Euro, is being shown for what it was; an attempt to give everything to everybody, without any pain, in the name of that eternal Socialist rallying call, “social justice”. I wonder how those who were not receiving any socialist benefits in Europe must feel as they see the value of all they’ve saved lose several years bank interest every few days, from currency devaluation. The little people of Europe are realizing that not all Socialists live east of the Berlin Wall. Indeed, it was more like no Capitalist ever lived to the West of that wall, until you got to America, and even that is stretching it a bit, given America’s 40% Socialist system.

Of course, things like trading bans are just red flags in front of bulls, (yes, I know they’re colorblind) or rather bears, and tonight’s reaction in Europe, as the rules are suddenly changed by the Germans out of thin air, should be of great interest to the Austrian School of Economics student. Those investors with some knowledge of history know that trading bans are merely Fascist impositions on the free-market, whether carried out by Hitler, Mussolini, Franco and Mugabe, or Merkel, Geithner, Obama, and (now thankfully gone) Mr. Brown. And those impositions are not taken very fondly to heart by millions and millions of investors.

Merkel says she is in a war with the speculators, and she will win. But she is actually at war not only with the “speculators”, as she so disparages Free-Market Capitalists, but also with vast numbers of small investors. And when they hear “trading ban” they know that something is rotten in Denmark (or is it Frankfurt and Brussels?). If she thinks that she is so powerful that she can micturate into the financial winds and not get the gift of blowback, then she is just another Socialist politician, with absolutely no idea of what the Free-market and risk taking means. But politicians all receive their paychecks from the government, not from consumers like real Capitalists must.

The German dreams of their Fourth Reich ruling over all Europe are fast becoming a National Socialist beerhall hallucination from the past. The Draconian financial Putsch announced only a few hours ago put an end to all that.

Capitalism uber alles!

Hooooooooooooooooooooooooooowwwwwwww! — Silverwolf