Euro! Stop here!

Any day longer will make it worse!

Much worse!

Prior to have to live through an explosion of this Unified European Currency and see the European Union become a battlefield I demand this stupid adventure to be stopped here and now!

At the moment we might have a smallish chance left to settle this suicidal experiment in a controlled and organized way. Any day longer this "Einheitswährung" as it is called in Germany, the "Unity-Currency" of something that is far from being a Unity, is strangling those totally unequal economies and peoples it will become worse; worse than any cut could be today!

Unemployment rates in the South soar with young people under 25 reaching 55% in places, overall a >25% rate of unemployment in Greece, Spain, Portugal, soon Italy are only what we will see next in other states and France, The Netherlands, even the UK once the bread and games are over with. And shortly thereafter in Germany! Combined with severe cuts into training and education all this is the recipe for extreme social pressure and economical depression of unseen dimensions; industrial output shrinks at record rates all over Europe and that is not machinery and production slowing down but complete plants shut off and people send to hell; that hell of trying to find a job in an environment that does not create labour but exported and exports any job possible for the sake of boosting wholesale markups until retail collapses along with purchase power.

If there is any intelligence left in Europe it should, it must act now; neither a bank-union, bank banks, ultra low or even negative interest rates nor any of these stunningly ignorant and all the same money-printing-Ponzi-bonanzas will solve the disaster that one currency pulled over what was an unprepared, inhomogeneous Europe, not unified economically, not legally, not socially, has caused.

As to Pound Sterling people will say it is good where it is, strong and an independent alternative, so why call for the Euro to be ended? The Pound is only so strong like the Euro is weak, independence is history and UK is still part of the Eurasian continent.

The Euro must end here! Der Euro muß weg!

Carpe diem!

LIBOR

... the interbanking scam!

DIY car maintenance to help you save money

I remember the lines of bankers I had to deal with in the past which would criticise my business plan as to not being profitable enough; 25% or 30% margins were expected otherwise, why bother?! After this we all understand the motivations:

While some try to save money going DIY others use DIY in a much more profound way; it is criminal, but who cares in a world where all those foxes put themselves in charge of all those hen houses; they set their margins themselves; monopoly at its best; this cartel doesn't even need breakfast.
This breakfast refers to a so-called breakfast-cartel of the German light bulb industry where the main producers met one morning in April 1899 and agreed to raise prices by 10% - during that breakfast they agreed on who would say what, go first, follow up, etc. Of course, this was and is declared illegal, but how good are declarations when mainstream has those for lunch?

In above video Mr Booth, representing the Institute of Economic Affairs, is masterfully trying to not answer any question in detail which seems to be the goal of this IEA, while this perky Mr Reid speaks for the one and only ICFR, International Centre for Financial Regulation, the "... only independent, non-partisan organisation to be exclusively focused on best practice in all aspects of financial regulation internationally." as you can read here.

But then you should see the list of those independent Founder Members here. If you see UBS, Barclays, Her Majesty's Government or Morgan Stanley, etc. on that list you are not nuts! Calm down, you are just watching the scam having breakfast! Simon Johnson: The Market Has Spoken...

This does not leave me and my business plans with any hope. Banksters! I recommend you reading the interview with James K. Galbraith, March 2009, three years ago!!!

…as long as the old management is in place, there are no incentives to cooperate in the evaluation you need to make.

There was clearly a systematic failure. But that does not mean there was no criminal energy around.

When a bank is insolvent, the incentives for normal banking practice disappear. They become perverse.

WHEN  will we finally see things change? What a stupid question!


Carpe diem!

We will adapt to that...

...a nice, comforting line:

Carpe diem!