Money-hungry and irresponsible financial markets endanger the real economy (companies and jobs), blackmail people and countries and threaten democracy!

I am obviously of the opinion that our tax, financial and economic policies are no longer made in our capitals by parliaments and governments, but that everything, which even remotely concerns national and international issues of money, finance and tax, is decided at the finance centres of this world by the financial jugglers of a global money-mafia. And I'll even go one step further and claim that countries don't intervene the way they should and also don't set any limits to systematically stop excesses in the financial markets. Just the opposite: Countries are actually supporting and protecting the money-gangsters, the gambling lowlifes, the financial terrorists at the stock markets and in the investment banks by assuming gambling debts, buying junk bonds, supplying banks with fresh money and handing out all sorts of other aid packages. This is another reason our national debt is so unbearably high. However, they try to make us, the citizens, believe that our lifestyle and the many “national good deeds” have led to these mountains of debt. Just recently Mr. Oettinger declared in a BILD-Zeitung interview that the citizens have to be told plainly that prosperity on tick is now over. This man is consciously lying and is also shameless. That's why I say: The first thing that needs to be done is forbid nation-damaging financial transactions by law, i.e. gambling and speculating at the expense of the general public. In addition, income from serious capital transactions must be taxed with a financial transaction tax that will then be used to balance our finances. Also the capital gains tax of currently 25% has to be increased markedly, because it is totally unfair that work is taxed at a higher rate than capital income, which requires no work. Overcoming our national debt is only possible, if on the one hand we use income / taxes for the common good to “head in the right direction” and on the other hand critically look at the expenses side in order to avoid unnecessary and superfluous expenditure. More income and saving in the right places puts the finances in the domestic sector back in order, just as it does in a company and also in a country.

The enormous income from interest of those who lend money to debtors is one side of the coin. The ugly flip-side of the coin is the interest burden of the others, namely the indebted countries and their citizens. Wherever debt interest has to be paid, the same amount of income from interest is created. Why is this not taxed at least at the same rate as income from working and entrepreneurship? And not just with a 25% flat rate tax?

In the end, all the neoliberal babble by self-regulating markets turns out to be a legitimisation for unbridled and uncontrolled financial capitalism that is no longer controlled by anyone in this world. Neoliberal is antisocial! The cause are debts that we have burdened ourselves with and these must be removed again as quickly as possible. It's time that hard-working and clever people ensure that money once again has a meaningful effect and does not only serve to satisfy the boundless greed of other people and institutions. Citizens have neither lived beyond their means nor did we force the country to incur debts – to produce “prosperity for society”. At this point we are not only being lied to, but are also being “blamed” for our suffocating debt burden by politicians and their “scientific advisers” from the world of finance. Complete madness and intolerable!

I think it would make more sense – instead of giving banks money via our central banks with which gambling on tick (and paying “bonuses in the billions”) is financed – to establish a governmental bank also on European level, similar to the Reconstruction Loan Corporation. This would ensure that loans are not used for speculation and for income without work, for example from interest rates or high-risk money transactions, but only to invest in new technologies, in new jobs and thus in the productive income of an entire national economy. In my opinion, banks – just as stock markets – have not only lost their innocence, but are part of a global financial mafia that opposes governments and wields a dictatorship of money across borders. Prosperity is only created by workers, companies and machines, not by brokers, banks and speculators.

Financial capitalism damages the working world. All companies, all workers pay their taxes and social security contributions. Finance sharks, loan jugglers, gamblers and casino players do this to a much lesser degree – if at all. There is no longer a stock exchange sales tax, this has also been done away with. With the flat rate tax of only 25%, every worker and every company that has to pay up to 50% is being utterly taken for a ride. Our politicians only serve capital, but not the worker and especially not the middle class. The OECD has determined that since the first financial crisis in 2008, more than 13 million jobs have been obliterated in the industrial countries. A catastrophe, a danger for Europe and the world, but also a challenge for the economy and politics. OECD-wide more than 44 million people have lost their jobs this year. Among them, unfortunately, also a lot of young people, who don't receive training, don't get a job and experience the social market economy as something bad and damaging. This is an absolutely explosive situation. The blame goes to unscrupulous financial capitalism that should be rejected by all parts of society in all countries of this world.

In this context subsidies also have to be mentioned. Here money is poured down the drain through tax give-aways. I really believe that we are all in the hands of incompetent politicians, who are consciously or unknowingly in cahoots with the plutocrats or at least allow themselves to be put under their yoke. It doesn't matter, if it's Oettinger, Merkel or Schaeuble – all European politicians are working around the clock “to appease markets and creditors” and rebuild the trust of exactly those who have knowingly created this catastrophic blackmail situation through bets against currencies and thus against nations and people. This is as absurd as if someone asked his hostage-taker for help instead of showing him point-blank, where blackmailing governments ends.

We have deregulated financial markets and thus opened Pandora's box. We are overrun by inconsiderate, money-hungry and unpatriotic finance-terrorists that will do anything for money. They swoop down onto the real economy like vultures, put money on countries going bankrupt and get private rating agencies, who can also earn a lot of money with their ratings, to lower the creditworthiness of just these countries. Such a reduction of the rating always results in the countries having to pay higher interest rates for their debt in the credit markets. I'll give you three guesses who is damaged by these higher interest rates and who “gets the pleasure” out of these higher interest rates that run into billions. This is a perverted game, with which a lot of money can be made. Greece is part of Europe, Greece cannot fall, we can't allow it to be shot up by financial markets and we can't destroy it ourselves by demanding that the economy and the state “shrink to sustainable levels”. That will only produce massive unemployment in connection with shrinking tax revenue and will lead – as we saw not only in Greece but also in England – to social unrest, and maybe even national uprisings. I'm sure that money gangsters already have the next country in their sights to repeat the same game, if we give up on Greece or send it into bankruptcy.

I would never have thought it possible that one day not only individual countries but an entire community of nations such as Europe could be plunged into difficulties by the brutal power of the financial world. Europe is more than a common currency, Europe is an exemplary concept for peaceful cooperation. Europe is a successful example of how formerly hostile countries, which for centuries waged war against each other time and again, can arrive at peace, freedom and prosperity. In school, I experienced history lessons more like a war report than a peaceful story of mankind. We simply have to defend ourselves against this gang that keeps speculating our real economy, entire nations and people to the edge of the abyss, because this will lead to the greatest danger for peace, freedom, democracy, social market economy and justice.

We know that the global gross national product is about 70 trillion €. However, nearly 30 times the value of all goods and services produced in the world are capital market transactions: share deals, forex transactions, bond sales, over-the-counter financial derivatives and lastly, earnings from the biggest scandal of all – from betting on rising food prices, which even causes people to starve, because they can no longer afford their food. The financial markets overshadow the real economy and put it up against the wall with unbelievable amounts of money. Banks and bank-like entities invest money to a large extent only to produce new money through interest and compound interest. Only the smallest amount of money generates a productive benefit for national economies with its companies and workers. Prices don't fall. Prices are pushed down by the weight of these trillions or shot up at will by the players. This leads to huge stock earnings, enormous interest payments – all through speculation or other actions that do not require work. But somebody has to foot the bill.

Wherever interest earnings are achieved, somebody has to work for the interest income and earn something. Those again are the people in their companies and the consumers, who are forcibly used in the redistribution from the bottom to the top via the interest calculated into the price of every product. Nothing against interest, but please not to enable income without work that only serves to drive the increase in currency. Money and lending money must make sense, better even it should have a useful effect.

Our banks, like a service company, only have the task of lending the money that comes from the state – in other words from central banks (also the ECB) - in order to maintain a national economy's liquidity, to producers and consumers, in other words to the companies and citizens, so that it is used for meaningful investment, production and consumption. However, banks have said goodbye to this core business, to this national economic task after the great financial market deregulation of western nations that also as a result of uncontrolled cash flows now all find themselves in a giant debt trap. If a small company or a trade business needs money, the gentlemen in pinstriped suits like to point out all sorts of risks, necessary securities, Basel II and demand that the one who wants to invest meaningfully gets stark naked in order to be granted a loan of a few Euro – often at outrageous interest rates – to tide over his company or his existence or his family. However, as soon as it concerns tax optimising investments in the form of incomprehensible, strange and community endangering financial products of banks, all doors are thrown wide open without any security, without risk assessment. At the end of the day, this often enough resulted in worthless junk bonds that have brutally destroyed people's savings, frequently their old-age provision. I experience it first-hand over and over, when companies and private individuals turn to me with money problems and in the choke hold of banks.

I have never before experienced anything as impudent as what is happening in the financial sector. We, the citizens and nations, rescue banks that have plainly gambled away their money. We supply aid packages worth billions, pay billions and grant billions in securities. Instead of being responsible and meekly, humbly, happily and thankfully going back to fulfilling their appointed function of granting loans to companies and citizens, these gambling lowlifes reopen the casino within a very short space of time. Bonuses flow, salaries are increased and profits – figures plucked from the air in a world of make-believe – are actually distributed. It was only three years ago that losses in the financial world were brutally and mercilessly socialised – sanctioned by our politicians and as “the only alternative to save system-relevant banks” -, in other words the general public was saddled with them, but today already the profits of investment bankers & co. are once again shamelessly privatised. Yet in the same breath the financial world is becoming even more arrogant and insolent by raising the bar even higher and tightening the interest screws even tighter instead of making money available to the real economy, and always pointing out the imminent risks to the global economy, which have been triggered by exactly this financial world. This is unadulterated nonsense. It's even worse in the relationship between banks and nations. The financial world is rescued by countries, then afterwards declares the countries as not sufficiently creditworthy, is worried about their ability to pay or even pontificates, whether individual countries should be sent into insolvency. The financial world is biting the hand that keeps it alive and that has repeatedly rescued it with billions of tax monies. Here only explicit and uncompromising laws and new framework conditions will help, so that it is unmistakeably clear to the money acrobats that they cannot enrich themselves at the expense of nations and people. This has to happen on an international level with a global act of solidarity of countries with their citizens. The friendly overtures to finance terrorists and money gangsters have to end. Who else but the state itself and the legislator as the highest authority and the most effective power could do this?

Money is necessary, interest is necessary, but even more necessary is work for people that have to make a living. Work for all and fair pay from strong companies of the real economy in countries that cannot be held to ransom. - This is how prosperity for all can be ensured in a society that is built on law and justice. This is how to maintain peace, freedom, our market economy, our democracy and a worthwhile life for all. It is quite obvious that the “little man”, the citizen, the tradesman, the entrepreneur bear the worst consequences of the finance and debt crisis. Devaluation of currency, special taxes front and back, destruction of civil society/the middle class, bleeding society dry until there is hate and violence, as was seen – conspicuously – in England and Greece. We mustn't sacrifice our social structures nor our savings and must make sure that the aid packages benefit the people, because they alone are systemically relevant for a society, for a nation and for peace in our world. Banks are not, neither are shady money institutes and especially not investment bankers! The financial world receives fresh loans from central banks – including the ECB – at favourable interest rates and lends them back, if at all, to countries and entrepreneurs at high interest rates. This is not a necessary task for a national economy, it only serves to increase capital without work and supports the redistribution of capital and wealth from the bottom to the top. No productivity whatsoever and no jobs (except those in the financial market itself) are created by lending money, by investing money and profits from interest and interest income arising out of it.

The actual function of banks, namely to supply the real economy and citizens with money, could be assumed directly by the state itself, should the money markets and financial markets – whose trust the politicians are so desperately striving for - refuse. This sounds like nationalising some banks. Correct! For whether we stand surety for their losses and keep having to inject fresh capital, so that the speculative losses are compensated, or whether the state itself takes the money institutes in hand, no longer makes any difference in light of the cynical events in the financial world. It's not necessary that the majority of people and companies only work for interest and compound interest, from which others can live splendidly.
 

For more information, please contact:
LIQUI MOLY GmbH
Tobias Göbbel
Head of Media Relations National
Jerg-Wieland-Str. 4
89081 Ulm-Lehr
Fon: +49 (0)731/1420-890
Fax: +49 (0)731/1420-82
Tobias.Goebbel@liqui-moly.de

Downloads