Germany's Parliament Votes To Give 66% Of Country's Annual Income Tax RevenueTo Banks, page 1

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Topic started on 22-5-2010 @ 02:04 AM by orangutang

GERMANY'S PARLIAMENT VOTES TO GIVE 66% OF COUNTRY'S ANNUAL INCOME TAX REVENUE TO BANKS

www.theflucase.com

Chancellor Angela Merkel’s centre-right coalition government voted to give 123 billion as Germany’s portion of a 750-billion euro loan guarantee package prepared by the European Union and the International Monetary Fund to enable governments to keep up interest payments to banks on souvereign debt.

The bill was passed by the Bundestag with with 319 "yes" votes, 73 "no" votes and 195 abstentions.

The abstentions came from the center-left opposition Greens and Social Democrats (SPD) and a handful of CDU/CSU and FDP backbenchers.

The 123 billion euro bank package comes on top of

(visit the link for the full news article)

Mod Edit - All Caps Title.

[edit on Sat, 22 May 2010 02:24:59 -0500 by MemoryShock]

reply posted on 22-5-2010 @ 02:04 AM by orangutang

it goes on to mention an accountancy website in germany that explains how much of a germans tax goes toward debt payments.
its over 99%.
so i'm wondering how long the people will allow themselves to be robbed in broad daylight and right in front of them.
i'm also wondering the length of time it will take for this economic death sentence to totally undermine germany.
and europe.

what comes to mind is a fairly recent prophecy i came across 10 to 15 tears ago. "how goes russia, so goes the rest of the world".

it appears that prophecy is right on the money.

www.theflucase.com
(visit the link for the full news article)

reply posted on 22-5-2010 @ 02:14 AM by Dr Conspire

Watch Russia ride into the EU with its oil and gas billions, watch the alliance between Germany and Russia eventuate, watch ww3 as they align with CHINA.
Its so predictable its almost funny.

reply posted on 22-5-2010 @ 02:19 AM by salchanra

If I were German, I would only send in 33 percent of what I "owed".

The euro will fall, that's a given with so many countries in the red, the US, China, Japan will step in to "save" the world economy, and that will fail. Ushering in the IMF with authority to create money, regulations, so this never happens again.

We will all be safe and equal.

It's coming, and if people don't wake up soon, it WILL happen.

reply posted on 22-5-2010 @ 02:57 AM by Redwookieaz

Why do the citizens of all the countries of the world from all of Europe to the USA and behind continue to let their supposed "representatives" give away their hard earned money hand over fist to these criminal banksters? I mean have you ever wondered how it is that so many countries that produce so much and have such a good standard of living can be so indebted to an imaginary entity!? This is beyond rediculous and wait with baited breath for the day that the people of the world finally stop bickering with one another over the silly little things that these animals set up for us to squabble about and stand united and tell these bankster corpratists NO MORE!

reply posted on 22-5-2010 @ 02:58 AM by plumranch

reply to post by orangutang

It sounds like the Germans are complete fools or Schmucks as the Greeks and others call them. But the Germans are anything but fools!

When the chips are down these tax dollars that are dedicated to maintaining Greece or Club Med or EU can easily be denied by Germany.

So this is a means of bolstering the EU and the Euro. It certainly looks good.

But Germany can easily deny giving any of its funds to countries such as Greece who do not meet austerity standards set out by Germany or EU!

reply posted on 22-5-2010 @ 03:52 AM by lagnar

I wonder what the German people's reaction is going to be?

It's not to imagine when you only have two choices:

Roll over, and pay 'til dead.
Or pay homage and dignity to those who payed before us not in vein.

It's truly becoming more apparent where the IMF wants to take us all, and I don't think there are going to be any circuses around, either way.

Yet, I do see a ray of hope, for their logic and so-called epic agenda (big picture) is flawed on its foundation. You see, as soon as they have all the money - money becomes irrelevant, and we ultimately win.

It's simple Karma, or Universal Judgment, they'll pay their dues to. Hopefully all at once.

[edit on 22-5-2010 by lagnar]

reply posted on 22-5-2010 @ 04:03 AM by pikestaff

reply to post by Dr Conspire

After what Germany and Russia did to each each in WW2, I cannot see that happening anytime soon, even now, horror stories are still coming out of what was once 'Prussia'.

reply posted on 22-5-2010 @ 05:15 AM by henriquefd

I find it funny how the IMF is now part of a conspiracy, just because developed nations are now needing its aid. So, now it´s all a big conspiracy.

Well, here in Brazil we have a LONG history with the IMF and so do a lot of other countries. But no conspiracy, then, huh? Just now, that it's hitting home to some.

Oh well, good luck to you. The IMF can be a pain the arse, since they will keep tabs on everything you're doing(as a country). I'm glad we have cleared our debts with it, but we wouldn't be able to recover our economy without it, either. It's almost like a necessary evil.

reply posted on 22-5-2010 @ 06:22 AM by dawnstar

they tried the same thing in the great depression, one country fell, so a few countries stepped in to help that one out, then more fell, so a few countries stepped in to help them....

eventually they all fell...and there was no one to step in to help them!!

don't expect much different results this time around! don't know why they would.

reply posted on 22-5-2010 @ 08:56 AM by Angiras

The German Parliment could care less about Greece. They authorized the bailout so that Greece could pay back the big German banks--at the cost of both the Greek and German taxpayers. In every one of these situations, the big banks are made whole, through the complicity of corrupt politicians, while the people are made poorer. This is classical fascist-socialist operating procedure, rooted in our central banking system of economics. As Lenin said: "There can be no socialism without a central bank." And in almost every case, the big banks that are getting bailed out, are the defacto OWNERS of the central banks.

reply posted on 22-5-2010 @ 09:36 AM by St Udio

Germany needs to arrange a currency swap with a cache of southern EU printed € 's... as they will soon depreciate further compared to the northern EU € 's (print mark made in Germany)

the 123 billion € 's, would be cheap were the inflation to increase dramatically as i foresee it will, then the Germans will have only to spend
€ - 96 billion for their portion of the ~123 billion of paper they were assessed to pay into the bailout effort

the division between the southern states of the EU and the productive, hardworking northern EU will become increasingly acute, with a mis-balancing of their monetary units ,
i'd guess the N EU=€, will soon have USD parity
while the S EU=€, will soon have a value of .63 of a USD

& thats how the Germans can get their skin from the collapsing southern EU states

[edit on 22-5-2010 by St Udio]

reply posted on 22-5-2010 @ 12:54 PM by plumranch

reply to post by St Udio

Germany needs to arrange a currency swap with a cache of southern EU printed € 's... as they will soon depreciate further compared to the northern EU € 's (print mark made in Germany)

One consideration for the Germans is to go back to their own currency, the DM,Deutch Mark. Germany is considering this. Problem, it is expensive, very expensive, everything, would need to be redenominated. But very doable for the Germans.

The Greeks could do the same, go back to the Drachma but there are more problems there. Any Greek that knew about this in advance would invest in something else as the Drachma would very soon devalue greatly. So it would have to be a sudden change over. Still a bad thing for the Greeks and Greece.

reply posted on 27-5-2010 @ 03:49 PM by St Udio

reply to post by St Udio

Dang.... i really try to give youse all a heads up and just get blown off most of the time...

hey read this portion of an article i just came across this AM,
where the inside whisper is of the northern EU states, incl. Germany,
are going to go head-to-head against the souther EU states euro unit

NORTHERN EURO CURRENCY

Word has come to the Jackass desk from the War Room itself, where important decisions were made in a series of meetings inside Germany. The new Northern Euro currency is finally in its formative stage. Contracts have been forged. Relationships with the more independent Central European central banks have been arranged. Market mechanisms
with the commodity markets have been delegated to Finland.
A role for Russia is being
planned, source of many commodities. The timing of the new Northern Euro is planned for June 2011, with perhaps little if any formal news releases. The key element of the new Northern Euro will be its gold component. Permit a Jackass conjecture of a 1% or 2% cover clause, meaning $100 million in Northern Euros could be redeemed
for assets that contain $1 or $2 million. The new currency will be born in crisis.
It will be begged for. One must wonder if Saudi crude oil will eventually require payment in Northern Euros. Maybe it will contain not only a gold component but a crude oil component.

For over a year, my openly stated belief has been that the first nations to create a monetary and banking system with clear distance set from the USDollar will be the next global leaders emerging. It will be Germany and its cohorts that include the Benelux nations and Austria.
In debate is the future role of France, which might be assigned squire duty for the Germans who hold 94% of their sovereign debt.

[...] By the way, the Northern Euro as planned is a USDollar Killer,
since the present day world reserve currency will fall rapidly in valuation,
finding its true worthless value, in reflection with its hemorrhage of USGovt deficits and debt ratios that put it in the same PIGS manure pen as the Southern Europe nations heaving in convulsion.

SOURCE: www.marketoracle.co.uk...

Ahem ! (see my earlier post referenced/ & time stamped)

... this move was pretty obvious, considering the German unilateral move to recently ban naked shorts & also protecting the shorts on their own German Banks...
together with the German voters angry at the seeming capitulation to the Club Mednations of slackers holding out their tin-cups out for 'benefits' from the worker ants of the nothern EU,
while all the Club Med grasshoppers fiddled away all summer & into the harvest...

thanks
~~~~~~~~~~~~~~~`

hey there PR,
yest there is a popular shift by the citizens to return to the Mark, but the formation of a Northern Euro would carry more weight, in fact as large & liquid and as much resource assets at the USA had.

a northern Euro, ' € ' is the best all around bet logistically & pragmatically
after all the Mark was approved because the USA rebuilt Germany with the Marshall Plan & the new NEU wants to distance itself from the failed world-reserve-currency hegemon, the USA & the financial evildoers that corrupted the leader of the free world

[edit on 27-5-2010 by St Udio]

reply posted on 27-5-2010 @ 04:59 PM by seataka