German economist Hans Werner Sinn says euro itself faces doom because of ECB activities

Hans-Werner Sinn Farewell to the euro? By Hans-Werner Sinn (chinadaily.com.cn)

Updated: 2011-

Hans-Werner Sinn

Farewell to the euro?

By Hans-Werner Sinn (chinadaily.com.cn)
Updated: 2011-07-04 13:05

MUNICH - “It’s not the euro that’s in danger, but the public finances of individual European countries.” One hears this everywhere nowadays, but it’s not true. The euro itself is at risk, because the countries in crisis have, in recent years, been running the eurozone’s monetary printing presses overtime.

Some 90% of the refinancing debt that the commercial banks of the GIPS countries (Greece, Ireland, Portugal, and Spain) hold with their respective national central banks served to purchase a net inflow of goods and assets from other eurozone countries. Two-thirds of all refinancing loans within the eurozone were granted within the GIPS countries, despite the fact that these countries account for only 18% of eurozone GDP. Indeed, 88% of these countries’ current-account deficits over the last three years were financed via the extension of credit within the Eurosystem.

By the end of 2010, ECB loans, which originated primarily from Germany’s Bundesbank, amounted to €340 billion. This figure includes ECB credit that financed capital flight from Ireland totaling €130 billion over the past three years. The ECB bailout program has enabled the people of the peripheral countries to continue to live beyond their means, and well-heeled asset holders to take their wealth elsewhere.

http://www.chinadaily.com.cn/opinion/project/2011-07/04/content_12830313.htm

 

 

12 Responses to German economist Hans Werner Sinn says euro itself faces doom because of ECB activities

  1. CAUTION
    Dear visitor. You may encounter messages from an anonymous person calling itself MH but who also uses other names. You will notice these messages have nothing to do with articles or ongoing discussions, but consist of accusations, suspicions and speculations towards other people. Please don’t react to these messages. This anonymous person draws energy from every reaction and will feel compelled to fill this page with its spam. Notice that my name and logo are active. I am not anonymous. If you have any questions about this anonymous person, about me or this Blog, you’ll find detailed answers here: http://www.carlitos-amsel-vom holunderstrauch.net/texte/0261539f170c5f601.html

    • MH says:

      Libel made anonymous.Sick.

  2. http://www.carlitos-amsel-vom-holunderstrauch.net/texte/0261539f170c5f601.html

  3. MH says:

    LETTER(2) TO JANE – MH says
    Monday, July 4, 2011, 17:35 h

    Dear Jane,

    I’m sorry to say, I haven’t received any response to my first email so far, neither have Helena (whose comment below I’ve emailed to you) nor dee (one of your loyal admirers) “Jane never reads the comments on her blog“ claims Holunderstrauch. Don’t you read the emails either, Jane?

    Well, I’d like to point out some things to you. I’d prefer clearing up differences of opinion.
    Mr Karlos Hutterer alias “Carlitos Amsel vom Holunderstrauch“ obviously is unwilling or incapable of understanding the point I’ve been trying to make. Holunderstrauch’s comments have been constantly missing the point (the same goes for the emails allegedly going to and fro between the two of you)

    Your answer delivered via “the Third man“ Mr Holunderstrauch EXCLUSIVELY – goes as follows:
    “fortunately most people have a higher intelligence than the nwo and realise this is all very artificial and ignore it
    a handful of people paid post all this crap and it is obvious to everyone who wastes energy on this except the nwo
    people just realise how strong the forces of evil are
    who cares, Karlos, who believes they are anything but the nwodisinfo and True Ott who always claimed I never filed charges, never existed
    normal people have a brain“ (says Jane in Holunderstrauch’s emails)

    I am afraid I can’t accept that.

    First, I won’t accept being personally libeled as an NWO disinfo agent. That’s too bad a joke.
    Second, I won’t accept being libeled as somebody “paid for posting crap“ and for disrupting the site How do you know? Have you ever bothered with reading the comments yourself? Are you a Jane who doesn’t care at all? ( “Who cares, Karlos…“)
    Third, I won’t accept being libeled as “not normal“ and “brainless“, and as belonging to the “strong forces of evil“ – Asking questions is NOT “evil“, you know. It’s neither “madness“ nor “rubbish“ nor “crap“. To say so is Orwellian NWO-speech!! It turns everything upside down!!
    I have to emphatically reject such accusations and libelous insinuations. Sorry to say, lots of Platitüden, not to the point, evasive and diversive. Nobody here has ever claimed that you “never filed charges, never existed“ – but there’s a problem regarding identity&authenticity.

    To make it clear: I’m a reasonable person having asked sensible & polite questions arising from the fact that various previous articles posted under the name Jane Bürgermeister were pro-NWO oriented! That’s grotesque and something very strange. Such contradictions and inconsistencies couldn’t be ignored!

    Your statement from 2009 (interview with Freeman) couldn’t take away the doubts arising:
    1.Who is actually operating this site?
    2.Who is posting articles taken from various corporate media outlets and mainstream authors under the name ‘Jane Burgermeister’? Who is pretending to be JB, and for what purpose?
    3.Who or What is responsible for the obvious change in policy? (mostly articles on financial politics, no articles written by Jane’s old self!!) No longer a website for the NWO “to be afraid of“ – Very much the opposite!! Some previous articles were most confusing & misleading (see: lots of comments!!)The o r i g i n a l purpose of the site and your work: to expose false flag bioterrorism by BigPharma,WHO, the NWO’s genocidal depopulation agenda….completely lost?
    ….
    Such contents have called your identity into question. Authenticity lacking and leading to the question of Who benefits by damaging JB’s reputation by posting articles in her name taken from mainstream media? Is it just a front being put up by somebody else? Anybody could be posting such a collection of mainstream articles under the name JB. There’s no proof of identity. T o t a l silence is bound to arouse suspicion, lots of speculation and worries about your well-being.
    We agreed upon that it certainly would be in your best interest to clear things up. And it’s very strange that all questions/emails by readers (other than Holunderstrauch’s)have been totally ignored.

    A question of authenticity – To put it briefly: Such a contact EXCLUSIVELY via some “Third man“, a middle man (a Karlos Hutterer alias “Carlitos Amsel vom Holunderstrauch“) is a very artificial one indeed. Mr Hutterer bragging “He is THE ONLY ONE not too stupid“ and “worthy of an answer“ by Jane. – My goodness…

    And besides, I do know other websites where those running them have no problem whatsoever to prove their identity on the internet. The easiest way of doing that is by staying in contact.
    In r e a l contact, not in an artificial one over some in between middleman, exclusively (a kind of “controlled opposition“technique? a SMM Social Media Marketing agency involved? – questions legitimately asked, I think)A Mr Hutterer alias “Carlitos Amsel vom Holunderstrauch“ who likes bossing people about.

    I’d like to add that I won’t allow a tyrannical Holunderstrauch attack dog smearing my name (initials MH) with hateful libel he again and again has been flooding all the comment sections with (“a task“ he has taken on) Obviously this Mr Hutterer is a very sick person, a “paranoid psychopath“ himself, turning this blog into a madhouse (but accusing me of doing that!). “Holunderstrauch, Holunderstrauch, Holunderstrauch“ all over the place – from top to bottom. Suspecting everyone of being MH and chasing them away.

    Jane, you may very well know that I haven’t used “up to a dozen different names“ „two dozen…“ “over two dozen false names“ “a hundred false names“ “with the agenda to disrupt“ and “this person rapidly changes its name and even uses names of present or absent commentators“ as maliciously claims Holunderstrauch. You know my full name by my email address, my initials MH have always been the same, connected to the same email address and same logo, for everybody to see!! (“I’m blind…“ claims Holunderstrauch, and so it seems)

    I feel very much relieved if you are fine.
    Would you like to respond, please? We look forward to hearing from you soon.
    Yours sincerely MH

    Helena says:
    May 22, 2011 at 1:26 pm

    Jane Burgermeister- Hello! Are you out there?!
    Calling – EARTH TO JANE!
    Queen Elizabeth II, as you are well aware, has the wealth to buy and sell many international banks. She herself is one of the bankers.
    Don’t you realize her visit to Ireland has nothing to do with building up the country, and everything to do with dumbing-down the people to continue to meekly accept the dictates of the EU and the IMF? What is WRONG with you, girl!
    IN THIS PART YOU WERE CORRECT:
    “The police or the military police march into the finance minister and arrests the officials of EU and IMF troika, sucking Ireland dry to be able to keep the Ponzi scheme going, as even Argentina’s former central bank governor Mario Blejer called it in the Financial Times……
    “Someone has to take out a pen and strike out the statutes which say Ireland cannot print its own money and supply liquidity to its own banks and write in that the central bank can give the banks and government directly without charging interest or creating a debt on the central banks’ balance sheets.Now that Ireland has liberated itself pyschologically from the chains of the colonial oppression of the past, it should use that new found freedom and energy to confront the colonialists of the present and stop them with slapping criminal charges on their desks and hauling them off for trial. “The arrest of about 100 people running the Irish branch of the Ponzi scheme and rebooting the programme of the central bank is all that is needed.”
    BUT, JANE, THIS IS EXACTLY WHAT THE BRITISH ROYALS WILL NEVER SUPPORT.
    Queen Elizabeth II is not only just “part” of the problem. She is absolutely one of the major players in the Ponzi scheme. I think you need to get your information back ‘up-to-speed’.
    FROM CANADA

    LETTER(3) TO JANE – MH says
    … and as to “it is obvious to everyone who wastes energy on this except the nwo“
    Dear Jane,
    I’ve been wasting energy and time on this because I’ve been seriously worried about your well-being (along with others). “Jane was treading on some very fat toes. I hope Jane is safe and has not been in some way harmed or gagged.“ (says darkside), “i hope she is safe“ (says dee) “Where is Jane Burgermeister???? I think this site has been taken over – check out the name of the host. I am really worried for her!!!!“ (says pauline – A pauline NOT identical with MH as claims Holunderstrauch)
    And it’s about your reputation being seriously harmed by some previous grotesque, pro NWO-oriented articles. It’s about credibility in a world of lies and deceit!
    “A lousy Blog“ says Holunderstrauch. – Well, there are lots of people worldwide trusting Jane Bürgermeister because of what she’s had the courage to do and who occasionally visit the site. That makes it (in my opinion) crucially important how the site is being run (for what purpose) and w h o is actually at the helm. Again, I’m very pleased if it’s YOU at last.
    Your positive impact has been huge. You have been very successful in warning people worldwide of dangerous vaccinations and exposing r e a l crimes against humanity by WHO, BigPharma in collusion with governments. Jane go!
    And I fully agree with the following comment to “REVOLUTION IN GREECE…“:
    Emanuel van den Bemd says:
    July 1, 2011 at 8:20 pm
    “Good! Whoever wrote the afore article knows what is going on and what is required to correct it. Once again good article. keep it up. More of those please, including those on the Pharmaceutical sickness industry that aims to generate a Global genocidal soft cull
    I don’t wonder that before very long there will be another attempt get more toxic vaccines into the masses as an softening up process to accept anything from sterilising, free radical enhancing and antioxidant reducing agents, micro chips and pathogenic organisms, and immune destroying biochemicals, I wouldn’t put anything past the Illuminati Elite. Being totaly amoral the sky is no limit to them…“

    Would you mind commenting on that, please?
    Yours MH

  4. Yes Daisy.
    Its great.
    You’ve done very well.
    You are such a bright child.
    You know what?
    We’ll all follow your thoughts
    from now on, instead of
    Jane Bürgermeisters!

    • MH says:

      Verehrter Herr Schlaumeier, behalten Sie Ihren Quatsch doch für sich.

  5. Yes Daisy.
    Daisy? Whats libel?
    Is it some kind of a bird??

  6. MH says:

    July 8, 2011 at 6:15 pm

    Verehrter Herr Schlaumeier, behalten Sie Ihren Quatsch doch für sich.

    Sie vermüllen mit IHREM Spam ganze Kommentarseiten.

    —————–

    Your “birdy” obviously it’s called stupidity.

    —————–
    This site is about “following Jane Bürgermeister’s thoughts“? (says „Holunderstrauch“)
    You know what? – It’s not.
    It’s not about “idolatry“ you are on the one hand accusing others of
    while on the other hand you are promoting thoughtless idolatry yourself!!
    You know what?
    It’s about independent, critical and logical thinking.
    It’s about identity and authenticity.
    And obviously, here you are at a complete loss, Mr Hutterer alias „Carlitos Amsel vom Holunderstrauch“
    While smearing others (“weirdos“ “paranoid maniac“ “psychopath“) you are talking about yourself, so it seems. (CAUTION!!)

  7. Yes Daisy.
    Its so obvious, isnt it?
    Your such a bright child!

  8. Look, asuming, you are a mentaly sane person, and it becomes more difficult by the day to asume that, it should be clear to you by now, that nobody wants you here. So why dont you act like every other sane and decent person would, stop forcing yourself upon us and leave? Its clear, your not wanted, and neither are your disturbing and disrupting, Blog wrecking accusations, suspicions and speculations. So please, follow your own code of ethics that you want me to follow, go, and leave us all to our selfs.

  9. MH says:

    PETER TRAUBEL says:
    June 3, 2011 at 12:10 am
    “ I’M ON DAILY BASE IN CONTACT WITH JANE B. AND SHE IS QUITE WELL.IF SOME PEOPLE HAS ANY PROBLEM WITH THAT HE CAN ADRESS ON ME.I DON’T HAVE TO HIDE BEHIND A PAPPNASE OR OTHER CAMUFLAGE AND JUST TALK SHIT ON HER BLOG. IF YOU ARE DECOMPENSING GO TO A PEEPSHOW AND GET RID OF WHAT’S MOLESTING YOU, IF NEVER YOUR WHEEL CHAIR DOES IT.
    ANY THREAT AGAINST JANE BURGERMEISTER I TAKE PERSONAL AND WILL RESPOND. I FORGOT AGAINST HOW MANY HOLUNDERSTRAEUCHE I PISSED ALREDY IN MY LIVE. YOU ARE JUST AN OTHER ONE.
    BEST REGARDS AND HONOR TO JANE BURGERMEISTER FROM VIENNA, AUSTRIA, PETER TRAUBEL“
    ——————–
    Written by a PETER TRAUBEL in defense of Jane Bürgermeister addressing a „Carlitos Amsel vom Holunderstrauch“ who had been claiming „Jane has a psychiatric episode“
    ——————–
    MH not knowing at that time that this „Holunderstrauch“ is NO „harmless elderly gentleman with a white cane“ but some insolent and vulgar attack dog himself…
    MH says:
    June 9, 2011 at 3:53 pm
    @all @Jane B.
    I’m sorry, but I really think this issue needs to be settled.
    Surely, it would be best for Jane’s reputation and honor to distance herself from a vulgar individual talking ‘on her behalf’ and pissing on others (here: on someone presumably sitting in a wheelchair)
    Undoubtedly, it would be best if Jane’s well being was confirmed by herself. The only credible way of staying in contact with the readers of a blog allegedly run by herself.
    Some vulgar ‘PETER TRAUBEL’ talking on her behalf instead.
    Insulting, bullying and pissing…
    Such an outrageous incident couldn’t possibly have escaped Jane Buergermeister’s notice if she herself is posting the articles here on a regular basis. (what she presumably does)
    Lots of contradictions, inconsistencies, questions and doubts as to Jane’s well being and as to who is actually running the blog (authenticity missing)
    and eventually some obnoxious “PETER TRAUBEL“ coming up & claiming “ I’M ON DAILY BASE IN CONTACT WITH JANE B. AND SHE IS QUITE WELL…“
    To settle this issue a sign of life given by Jane herself would be best

  10. Dear Daisy,
    the state you are in gives me a lot of grief.
    Although I am a professional, its hard to know somebodys suffering who is as near to me as you are. I beg you, take my advise, seek something calming, a sedative, and take it three times a day for at least two weeks. After that, I promise, you, you will see the world in a whole different light again. Yours: :)

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