State-Assets
When I was young, the Second World War was just ended and left huge figures of State indebtedness in Europe, USA, Japan and else.
For me it was clear: Whenever the normal ERA for profit making would come back, all States would try to realize as much of STATE-ASSETS as ever possible. There would be a competition what nation could have most of assets and richness.
It should have been like in a family or a company: Trying to get rich as nation.
Well, as anybody knows, this was a DREAM that had nothing to do with capitalism and even more with Neo-Liberalism:
The Aim of nations, FED, WEF, IMF etc. was that States would produce as much of DEFICITS and STATE-DEBTS as ever possible.
The idiotic principle was:
- with State debts the GROWTH can be pushed, companies would be growing, make more of profits, increase Shareholder values and finally pay much more TAXES and thus, in LATER TIMES, bring back the State indebtedness down to saver grounds.
Instead of Assets - State-Debts
Great was my astonishment as one of the best Accountants of the world, when I found that State debts would even in best times explode, and so did the State indebtedness and the blind idiots around Popper, Friedman, Chicago School, neo-liberalism, Ronald, Thatcher, GW Bush, Greenspan and the bloody religious Fools of Wall Street did let explode the deficits
- by lowering taxes for the richest JUNK, making expensive wars all over the planet in the USA, cheat Middle Class like in all States of capitalism with help of Junk-Nations like Switzerland and 100 other Tax Paradises, let explode the interest charges and finally having paid all infrastructures and other charges of Nations by Middle Class and the Poor.
But the HEAP of SHIT given by Wall Street made it for ever and finally impossible, to ever pay back national over-indebtedness for ALL FUTURE times.
But this has not yet entered the stupid heads of Chiefs of States and Dynamite Prize Winners.
The Automatism of deadly Spirals
Today, and in fact since 1960, all nations are caught in a TRAP:
The higher the debts, the higher the interest charges, the higher the social costs, the lower the quality of rottening Infrastructure and the more of unemployment and bubbles in the real estate business to be refinanced by tax income, always lower and lower and finally, the automatism of BANKRUPTCY of States is just as normal, as the daily shit of your DOG.
And there are more of reasons:
When pushing again State Deficits by saving rotten banks too big to fail, there is no possibility to generate future profits for Taxes, the crises and depression will seize all nations without one single exception.
- And so - USA is dead, Greece is dead, Portugal is dead, Ireland is dead, England is dead, Spain is dead, Italy
- In China and India and Russia and Brazil
- Even Switzerland Switzerland
And so, if a Land like Switzerland
The End of our Finance World
The Idiocy of having huge State-Debts instead of State-Assets will kill the whole finance World and there is NO WAY OUT, due to the principles of highest accounting:
- In highest accounting, the principles for debts, bankruptcy and stupidity are exactly the same for Families - little commerce - huge conglomerates - Banks too big to fail and any State like Germany , France , Italy , China and USA inclusive Switzerland
And since WEF and FED and ATTAC allowed the Finance.Cracks to ruin the world further with ABS, CDS and CDO - the last rest of hope went down the Drain for ever.
Final Conclusion
And therefore, there is not one brain in the brain-less heads of Dynamite Prizing that would be able to read our World-Theatre, with my exception.
And I laugh my head off about so much of stupidity on this Globe.
By 2020 - all Nations will be dead and bankrupt.
Considering the ECOLOGIC COLLAPSES, the explosion of pops, the idiocy of using up all resources and energy within some 6 generations to the detriment of 20000 future generations - will lead to the complete breakdown of human systems
- and by 2099 the Planet will be emptied from the greatest species of vanity, Homo non-sapiens, the Universe has ever seen…
written on July 18, 2011