Forum Post: Join Me Applauding Chancellor Angela Merkel of Germany and her Policy Makers

Do you understand what's going on in Europe? [3] It happened here in 2008. Here is the difference:

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US POLICY MAKERS:

Wall St. start failing under its own greed. Then the Fed ("the" Wall St. itself), corrupt politicians and corrupt public officers bailed out banks overnight against all opposition of the People. What were the consequences?

(1) HIGH INFLATION. Of course much higher than what is officially reported (it's another Govt. + Fed game; they alter measurements as they wish [4]). How about +13%/year real inflation compared to less than 4%/year as reported. To understand what it means, divide 70 by the inflation number, that number is the number of years your cash will lose its half value. For instance assume 10% inflation rate for simplicity, then for every 7 years your $100 will have $50 purchasing power. How immoral is it? Let's learn from one of the designers of the system:

"By a continuing process of INFLATION, governments can confiscate, secretly and unobserved, an important part of the wealth of the citizens." — John Maynard Keynes, "Unseen Hand: Economic Consequences of the Peace", p.57

Let me put it this way. INFLATION is socializing Wall St. losses to every individual from new born to senior citizens. It's not negotiable, there are no deductions.

(2) UNJUST TREATMENT OF THE PEOPLE: Wall St. socialized its losses while pocketing all prior gains. Then on top of that, with that full gratitude to the People, they pocketed additional tens of billion dollars in bonuses. WHERE IS THE JUSTICE IN THIS ONCE GREAT NATION? WHERE IS IT HIDING?

(3) COMPOUNDING DEBT: We passed $15T debt limit [2] and most of they debt is consumptive debt (that means unproductive expenses, such as debt funding unjust wars). According to [1]:

"The Federal Reserve has expanded its monetary base from $873.8 billion in September of 2008 to its current level of $2.036 trillion. U.S. financial institutions now have over $1.045 trillion in excess reserves, compared to only $59.5 billion in excess in September of 2008. Banks currently have their excess reserves parked at the Fed where they are earning interest."

While we the People are in great debt obligation, Wall St. achieved its goal and WAITING FOR ITS NEXT KILL with that cash reserve. They will demand more human labor, confiscate more public & real earth resources, and more people will work for them as a result of continuing confiscation. Watch and see.

(4) AUSTERITY MEASURES: Of course, debt will be demanded back. This is the best part of the Wall St.'s game. Our government gave our tax dollars to Fed, then borrowed it back as national debt, continue unproductive (e.g, financial bailouts) and reckless spending (e.g, increased war expenses) under the Keynesian doctrine, which we will be forced to pay back with compounding interest. I start wondering how many corruptions can fit in such a short sentence? Let me put a period here with Mill's words:

"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its BETRAYAL INTO HOPELESS UNPRODUCTIVE WORKS." — John Stuard Mill, Political Economist, 1806-1873

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GERMAN POLICY MAKERS:

(1) NO BAILOUT: They are NOT letting ECB to print money to bail out risk takers as the Fed did by abusing its power. They will let risk takers collect their bets, instead of socializing those losses with INFLATION to the people of all European nations. Of course individuals' bank accounts will be protected by the government insurance as in FDIC here. How simple, how beautiful, how JUST.

I APPLAUD Chancellor Angela Merkel and her Policy Makers. YOU ARE A TRUE INSPIRATION AND HOPE TO THE WORLD.

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G. W. Bush, Henry Paulson, Ben Bernanke, Tim Geithner, Burak Obama, members of the US upper and lower houses (except handful few), nameless Fiscal Policy Comptrollers, French Finance Minister Francois Baroin: FORGET YOU ALL.

WATCH AND LEARN HOW CAPITALISM AND DEMOCRACY WORKS IN A CIVILIZED SOCIETY FROM GERMANY.

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REFERENCES:

[1] http://inflation.us/2010inflationreport.pdf

[2] http://www.treasurydirect.gov/NP/BPDLogin?application=np

[3] http://www.reuters.com/article/2011/11/23/us-eurozone-idUSTRE7AM0VR20111123

[4] http://www.youtube.com/watch?v=zPkTItOXuN0#t=201s