Transfer union (1 - long Version) - Mr. Otto Fricke is mistaken

Otto Fricke (FDP) in error claiming the German contribution to the euro bailout was limited to 22.4 billion euro. - A few days later this number was already outdated.
This is the long version which additionally contains Mr. Carsten Schneiders (SPD) statement Mr. Fricke is replying to.

EURO FOOTBALL TRANSFER 27 05 2011

Transfer union (2): "we do what we say - really?" (ENGLISH)

The euro "crisis" gets worse and worse and what the German public was told and promised turns out more and more to be doubtful and inaccurate.

After setting up a 750 billion euro rescue fund only days after the billion euro "rescue" of Greece, now a permanent rescue fund is set up which is even increased. All that cant be in the interest of the German people.

In this video some Speeches are ducumented in part that showhow the truth comes out quite late and only in small portions.
Here parts of speeches of Peer Steinbrück (SPD) who is former finance minister and the German Chancellor Dr. Agela Merkel (CDU) are cotrasted.

Factually this already is the transfer union. - But it is not openly said by the persons in office.

No (happy) ending in sight.

Full speech transcript Angela Merkel http://www.bundesregierung.de/Content/DE/Bulletin/2010/10/Anlagen/107-1-bk,property=publicationFile.pdf

Full Speech transcript Peer Steinbrück http://www.bundesregierung.de/Content/DE/Bulletin/2010/10/Anlagen/107-1-bk,property=publicationFile.pdf

Euro "crisis" (Part 2): German wealth going south

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...

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Transfer union (1): Mr. Fricke is mistaken (ENGLISH)

In this video some excerpts from a debate in the German parliament are shown and contrasted with reality. This is the short version. Other than in the long version the intervention of Mr. Carsten Schneider is not included here.

Mr. Otto Fricke (FDP) reacts to a remark of Mr. Carsten Schneider (SPD) who warned of possible risks and conseqences when Greece is "rescued".
Mr. Fricke responds with the amazing remark that the rescue was limited to 22.4 billion euro. "Not a single cent more".

In the meantime also Ireland and Portugal had to be bailed out (bailout).

So this shows another aspect of the whole issue: the truth is only told if it can no longer be denied. The citizens are not informed properly and maybe politicians (rightly) assume that the citizens forget all the promises and errors over time.

The euro desaster unfolds.

The transcript of the whole debate of may 7th 2010 can be read here (German) http://dipbt.bundestag.de/dip21/btp/17/17041.pdf#P.3990

Transfer union (1 - long Version): Mr. Otto Fricke is mistaken (ENGLISH)

In this long version - in which the brief intervention of Mr. Carsten Schneider is in addition to the short version included - of the video some excerpts from a debate in the German parliament are shown and contrasted with reality.

Mr. Otto Fricke (FDP) is confronted with a remark of Mr. Carsten Schneider (SPD) who warns of possible risks and conseqences when Greece is "rescued".
Mr. Fricke responds with the amazing remark that the rescue was limited to 22.4 billion euro. "Not a single cent more".

In the meantime also Ireland and Portugal had to be bailed out (bailout).

So this shows another aspect of the whole issue: the truth is only told if it can no longer be denied. The citizens are not informed properly and maybe politicians (rightly) assume that the citizens forget all the promises and errors over time.

The euro desaster unfolds.

The transcript of the whole debate of may 7th 2010 can be read here (German) http://dipbt.bundestag.de/dip21/btp/17/17041.pdf#P.3990

Transfer union (1): Mr. Fricke is mistaken

In this video some excerpts from a debate in the German parliament are shown and contrasted with reality. This is the short version. Other than in the long version the intervention of Mr. Carsten Schneider is not included here.

Mr. Otto Fricke (FDP) reacts to a remark of Mr. Carsten Schneider (SPD) who warned of possible risks and conseqences when Greece is "rescued".
Mr. Fricke responds with the amazing remark that the rescue was limited to 22.4 billion euro. "Not a single cent more".

In the meantime also Ireland and Portugal had to be bailed out (bailout).

So this shows another aspect of the whole issue: the truth is only told if it can no longer be denied. The citizens are not informed properly and maybe politicians (rightly) assume that the citizens forget all the promises and errors over time.

The euro desaster unfolds.

The transcript of the whole debate of may 7th 2010 can be read here (German) http://dipbt.bundestag.de/dip21/btp/17/17041.pdf#P.3990

Transfer union (1 - long Version): Mr. Otto Fricke is mistaken

In this long version - in which the brief intervention of Mr. Carsten Schneider is in addition to the short version included - of the video some excerpts from a debate in the German parliament are shown and contrasted with reality.

Mr. Otto Fricke (FDP) is confronted with a remark of Mr. Carsten Schneider (SPD) who warns of possible risks and conseqences when Greece is "rescued".
Mr. Fricke responds with the amazing remark that the rescue was limited to 22.4 billion euro. "Not a single cent more".

In the meantime also Ireland and Portugal had to be bailed out (bailout).

So this shows another aspect of the whole issue: the truth is only told if it can no longer be denied. The citizens are not informed properly and maybe politicians (rightly) assume that the citizens forget all the promises and errors over time.

The euro desaster unfolds.

The transcript of the whole debate of may 7th 2010 can be read here (German) http://dipbt.bundestag.de/dip21/btp/17/17041.pdf#P.3990

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Euro "crisis" (part 3): why all the billions? (ENGLISH)

In this fourth part of the documentary about the effects of the the euro we first see that the government is not very clear in explaining why the bailouts are supposedly unavoidable.

This is an attempt to interpret what politicians say and the known facts, to get aclear picture why German taxpayers are forced to guarantee with billions of euros for other countries.

Had Germany not helped, grave consequences could have emerged. - And that is the problem: Germany was put in a position that its wealth is in danger. And the only reason for it is the introduction of the euro. The euro itself IS the problem. Why this is the case, this documentary tries to explain.

The politicians try to solve a crisis they - and only they - created. Not an unusual thing sadly.

Instead of looking for a solid soluttion for the future (liberation from the euro), the problem is perpetuated and made worse by the German policy of bailouts. This is clearly an attempt to set up a permanent transfer union to the detriment of Germany.

The ECB is making everything worse...