DIW Proposes Wealth Fee – War Bonds in _Exchange for 67 Years of Peace in Europe

Von wl
0Kommentare

Werbematerial für die Begebung von KriegsanleihenIn its latest press release (Pressemitteilung), the DIW remains significantly unemotional when it says “wealth fee, a contribution towards Europe’s state finances“:

Private wealth is higher than the federal debt!

So what is new about that? Do we need an institution to tell us about it? Or do you know anybody who invests his money exclusively in state bonds?

Quite apart from the fact that the DIW keeps demolishing itself intellectually all the time, here is my comment:

The stamp collectors still possess them all. All those now worthless promises by Napoleon, the guarantees on war bonds, the VW savings certificates…

Granny died hoping for the day when the concept of burden sharing was to come true.

Before the court of history, we have a state debt crisis, not a currency crisis. During peace times, which we now have been enjoying in Europe for 67 years, we consumed too much. And now said peace must be paid for through cuts on both sides of the balance sheet: private wealth versus state debt.

It is a lot easier than telling people the truth: that our European societies have been living far beyond their means. “… because nobody is going to believe the truth, anyway” (Frisch, Biedermann und die Brandstifter). We live in a bubble of wealth that will burst. Europe is no longer capable of financing itself. Regling (the new ESM boss Klaus Regling) is in a hurry to visit China and the Third World Countries, because even Germany is not a “welcome debtor”. 2.1 billion Euros of debt tell their own story.

There is a sentence by the economic scientist List:

“So far, no country ever paid back its debt.”

As a consequence, you have to say:

Sign up for peace bonds!

And then deposit the piece of paper where the stamp collection is waiting for the next generation to be admired and studied.

And for you, dear children, I have some consolation – you will always have your education:

“Travaillez jeunes gens, il n’y a qu’une force, c’est le travail!” (Émil Zola)

wl

(Translated by EG)

Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *

Suche

Categories

Aktuelle Umfrage

Wie würden Sie die EURO-Krise meistern?

Ergebnisse anzeigen

Loading ... Loading ...

Quo vadis - Germania?

Düstere Zukunft: Es sieht wirklich nicht mehr gut aus. Dank wem?

Weltschmerz am Sonntag!

Offener Brief an einen Freund.

Zeitenwende: Das Ende der digitalen Welt?

Stoffsammlung zu meinen Vortrag - "Gedanken zur post-digitalen Gesellschaft"
SUCHE
Drücken Sie "Enter" zum Starten der Suche