Euro "crisis" (part 2): German wealth going south (ENGLISH)

In this second part of the documentary series on the euro and its implication the most powerful detriment through the euro is examined: the "invisible" transfer of purchasing power and wealth to the detriment of the German (but also Finnish, Dutch,...) population through the exchange rate mechanism.

Did you ever ask yourself why the trade surplus countries of the eurozone, especially Germany, have not built up currency reserves like China?

The most hit are those in society who are weak anyway. Students, pensioners, people living off social welfare and so on... The gap between rich and poor widens especially because of this mechanism.

But this all is also benefitting southern Europe. In Greece, Italy, France, Portugal, Spain (Ireland) (some call them "PIGS" "PIIGS" what is actually a very rude expression). They gain wealth and purchasing power, they can consume...but at the expense of those in the northern countries.

This all is again a example of the horrible Transfer system in the EU (some call it EUSSR) and the euro through the ECB and currency system this time.

All those who stayed out of the euro can be concratulated, like the Swiss (Switzerland), Denmark, Sweden... In many corners of europe people get (rightly)worried. In Finland the "True Finns" are popular because the population there doesnt want to throw more money out the window....

ESFS ESM, its all expensive...our taxpayer bailout season 2011

Links to information used in the Video: trading statistics of Germany of 2010 http://www.destatis.de/jetspeed/portal/cms/Sites/destatis/Internet/DE/Content/Statistiken/Aussenhandel/Handelspartner/Tabellen/Content100/RangfolgeHandelspartner,property=file.pdf

Interview with mister Spethmann: http://www.faz.net/s/Rub58BA8E456DE64F1890E34F4803239F4D/Doc~E59FA1EB7915C436582BA9E571CDBB5AB~ATpl~Ecommon~Sspezial.html

China holding trillions of Dollar: http://www.bloomberg.com/news/2011-04-14/china-s-3-trillion-reserves-show-g-20-task-as-wen-resists-yuan-pressure.html

Euro rescue package, decreed by Angela Merkel, European Union, public debt, bailout, taxpayer paying in the end for the euro crisis...