The speech was cheese
short critique of the fourth Berlin Speech by Federal President = BP, the here is a total given. have
said the BP, starting 2000, a "capital market policy expertise" built up in the IMF. What is this catastrophic German really mean? Not credible, given no disclosure. Later in the speech referred to the good functioning of the financial system: "The financial markets growth machines. They ran long were good. So we left them alone." Either one or the other can not vote logically.
The "will have been wanting to enforce the primacy of politics over the financial markets", what should this mean? There was no global, single-class international policy, that is not a "primacy", which in any case more is possible in dictatorships. In democracies, there are the forces of division. How can the legislation of one country over a global financial system so exercise a "primate"? Confused is not really. "Primacy" in the sense of a dictatorial influence would perhaps satisfy the wishes BP meet. To such thoughts I had already pointed out. Down in the speech: "It takes a strong state that sets the market rules and ensures their enforcement."
Then the BP describes the crisis as a recession. A phase-out of globalization is not possible. Then come paragraphs on the responsibility to developing countries. It is expected however that the crisis is explained. This is done only after the interlude of development policy. Here, it suffers from the speech, something to be confused. The leap into a completely different topic can an audience not really.
How could it come to this crisis, asks the BP now. The answer, he puts in words like "huge financial leverage", "piling up of financial pyramids" and phrases like "We are seeing the result of a lack of transparency, lax, inadequate supervision and risk decisions without personal liability." He linked this response to exhortations to self-criticism, self-involvement, responsibility and decency.
Who he really means it? Our own henchmen our own policies in "system-banks"? One listener thinks of financial jugglers in the U.S., the other perhaps the HRE or any state bank in Germany, who knows? Confused!
the "strong State, "the demands of BP, he combines, in a further paragraph now a market economy with real economy, then, so you do not really know where will jump the BP will, on the financial sector or the real economy -." Market- economy thrives on competition, "everyone knows, but his" limit the economic power "is again unclear. Again confused!
The" personal responsibility "," law-abiding, "" responsibility "and" transparency listens "to then in such a way as if the state does not currently "strong" and envy of certain economic positions of power. Whether it is the banks, or maybe the company Porsche, or maybe the Aldi brothers Who can see from the speech, where the BP will "power" limit, no one. The speech is a guessing game. He then requests that "we" (Who?) Take our freedom, and enable others. It now will not return to the "strong state".
Why the crisis, "the value of the social market economy" is confirmed, probably in the stars, because this suffers the most. Language would be right: the crisis harms the social market economy. Again, the issue ends up in the recession, deflation is probably meant. so the cheaper prices at petrol pumps and supermarkets are meant? Will the BP control again? Is he even a "citizen president"? Here, too pure confusion Note 1.
Suddenly gleams next to the "strong state" is also a strong man by, namely the BP quote yourself Me: "Politics has responded quickly and decisively, the banks are supplied with capital and guarantees to allow the circulation of money not completely. comes to a create. The demand stimulus and help the enterprises to get through the crisis. " These success stories, their backgrounds are highly doubtful sound, as the jargon of a Nazi newsreel to persevere. Germany's "leadership role" stresses "full force of a joint effort of 500 million people," because we are almost with Hitler. The other admonitions and what "wants to see" the BP for Opel, I'd rather spare. The repeated "We will," "we want", without clarity of who does the "we" is meant to read unwanted sprießlich.
experiments "we" times, the financial crisis be summarized in one sentence:
Huge amounts of debt derivatives from the U.S. without any real content was as confused matters packets with faked profit promises snowball and treacherous in the Financial pumped treated from purchased credit rating agencies and it was bought by greedy European private banks, state banks and banking system in masses, they unaudited profit to recommend to unsuspecting.to international financial crisis also see .
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Note 1: Addendum on 4/April/2009 7:00 +1
DGB leader Michael Sommer criticized the statement of the speech BP Koehler, the Germans had their conditions lived. This is wrong. Summer pointed to the lower layers to the situation of workers. reduce Outraged by the plans of the Allianz group, despite billions in profits 5,000 jobs, attracts DGB leader Michael Sommer in the Oldenburg "Nordwest-Zeitung against the managers of the insurance group to the field. Summer is the better president of the German? Obviously! At least a little bit, he is a Hofer Tell, while BP Keller there can be hidden on the "grounds" of the monuments of freedom even behind Finance Minister Peer Steinbrueck. He would probably see there, if the suit jacket of Mr Steinbrueck would not open. It also acts as the point of view of who is behind the finance minister.
