Wednesday, January 19, 2022

Albrecht Glaser, January 14, 2022, State Finances

German Bundestag, Plenarprotokoll 20/12, pp. 725-726.

Herr President. Right honorable ladies and gentlemen.

There should be more progress in the land. What is that and how should it go? The coalition wants a European state and with it the dissolution of the national state democracies. Here, in this Reichstag, will then be installed a government praesidium which executes the policy of an oligarchy in Brussels; on the theme of taxonomy you have, ja, provided a small foretaste. That in finances, state debts and currency, there is in the contract not once a “whatever it takes” subsection is apparently the central point of the coalition; in German: Money in not important.

The 2008 financial crisis was already a state debts crisis. The entire state was indebted with 2 trillion euros, the Bund 1 trillion euros of that – the highest debts since the founding of the state. Since then, the state has amortized nothing. The Corona crisis is the occasion to increase the current debts in the years 2020 to 2022 by almost 420 billion euros, thus by almost 50 percent. To this pertains 94 billion euros as a repayments obligation [Tilgungslast], predominantly for the debts of other EU states. This is a manifest violation of the EU treaties.

The extreme indebtedness is accompanied by the highest inflation since 1990 and a kaput common currency which is not even a shadow of the D-mark. On that account is the ECB building so big so that the over 4 trillion in purchased state loans can be deposited – likewise, a manifest violation of the EU treaties.

The citizens in Germany will be expropriated by inflation of 150 billion euros each year – of a couple of tax details pertaining to the the themes of tax relief or tax burden, one need not speak at all – with consequences for the old age security and all that depends thereon. For that, stones instead of bread will recommended: 48 percent standard pensions, no contribution increase and no increased age limit for entry into retirement. Who knows the least bit about pensions knows that this is Voodoo Land.

Apropos Voodoo Land: Afghanistan is over all. The new Finance Minister’s media glorification of the euro sounds like the former Foreign Minister’s description of Afghanistan shortly before its collapse.

            Ralph Brinkhaus (CDU/CSU): Na, ja!

The Finance Minister speaks of a “path-breaking reconstruction fund for Europe”. He does not mention that the yearly German contribution to the EU, currently at under 30 billion euros of much present interest, will increase in the coming years to over 60 billion euros. And in that regard, the chairman of the EU’s budget control committee speaks of a high probability of a diversion of reconstruction means, of manipulated grants and of a lack of possibility of control by the EU.

The coalition – I come to conclusion, Herr President – has no connection to reality, or they quite knowingly deceive the public concerning the fatal situation in this country. The greedy grab for public office is no basis upon which to politically survive in the coming four years.

Hearty thanks.

 

[trans: tem]