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New movement for sound money and financial dmocracy has been launched in Vienna

September 2, 2011 By 3 Comments

Jane Burgermeister reports:

I had a chat with Vienna economics professor Franz Hörmann and economics expert Otmar Pregetter yesterday about their new political movement to reform our money system across the eurozone, and I urge everyone to become involved in this exciting, new movement.

Few people in the eurozone realise that they have to pay interest on every single euro note and coin they use.

They are using private money without knowing it – and using a private service always comes with a price tag.

97% of all the money in the eurozone is created by private banks as an interest bearing loan.

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Portugal Escapes IMF/EU Loan, Respite for Eurozone

January 13, 2011 By Leave a Comment

Portugal has succeeded in escaping an enforced IMF/EU bailout today after it issued 1.25 billion euros in bonds to be paid back at a lower-than-expected interest rate – 6.7% on 10 year bonds and of 5.4% on.5-year bonds.

The success of Portugal in the bond auction will bolster the government’s argument for rejecting an IMF/EU bailout.

Fernando Teixeira dos Santos, Portugal’s finance minister, said that “it is Europe which seems not to be doing its work in maintaining the euro.“

He was referring perhaps to the lack of an insolvency mechanism for countries with an excessive debt, so urgently recommended by a panel of experts in Germany in November.

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German Government Burried the Reports by Advisors Recommending Default for Eurozone Countries

January 12, 2011 By 1 Comment

Report published in November in Germany by a government panel of experts recommends default as way of preventing the transfer union and the economic meltdown of the eurozone: German minister only acknowledged it existed yesterday

Advisors said national governments should take steps themselves to default on national debt in view of ineffectiveness of EU

Report also criticises “permanent crisis fund” to be set up in 2013 to save banks and destroy states

Insolvency mechanisms should be set up to allow eurozone countries to default on their mountains of national debt, a panel of German economic experts recommended in a report published on November 26, 2010, it has emerged.

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Poll shows strong support for reintroducing the Deutsch Mark in Germany

December 30, 2010 By Leave a Comment

Every second German wants the D Mark to be reintroduced, according to a poll for Bild newspaper.

Two thirds or 67% of the Germans surveyed said they were worried about the stability of the euro.

A huge 77% said that had not benefitted from the introduction of the euro compared to only 17% who said they had.

Just 30% said they would today vote to adopt the euro and 60 % would vote against such a move.

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Germany Will Introduce The Deutschmark In 2011

December 21, 2010 By Leave a Comment

It is Wednesday, January 19th, 2011.

All the lights in Berlin’s Chancellory are shining in the grey-blue dusk. Extra police are on duty, checking the identity cards of the journalists, arriving in large numbers.

Chancellor Angela Merkel has called an emergency press conference for 5 pm.

The euro is diving on the currency markets. Capital is flowing out of Germany at an unprecedented pace.

The masters of the universe are furious that their business model has broken down. The investment bank’s main engine of profit has been trading on the debt market. In exchange for worthless, fractional reserve banking, paper debt, they have been getting a steady stream of revenue from national governments but at the cost of tax payers. Asset stripping has boosted their profits still more. They have planned for these revenues to continue for years.

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