Fourthreichian monetary unification is the Trojan horse for overall harmonization of economic rules, policies, and laws in Fourth Reich(EU). Any eurozone problem is interpreted as a consequence of the lack of harmonization and leads to another wave of a creeping harmonization. Following every crisis meeting with Napoleon Sarko, Chancellor Merkel always declares that coordinating tax policies and labor laws is not just about currency issues but also about political cooperation, which has to be deepened. In other words, more enslavement to Brussels, transforming the confederation to a federation!
At the beginning of March, the Eldorado of Prostitutes adopted a stupid report on socialistic financing, calling for the introduction of a superstupid Financial Transaction Tax. In addition, the last European Council agreed that the introduction of this stupid financial transaction tax should be explored and developed further at global level. Taxation Eurocommissar Algirdas Semeta aims to promote stupid and ridiculous principles:
* First, taking into account the financial sectors' taxation environment and, in particular, the VAT exemption, there are good political and economic reasons for ensuring that the sector is making a fairer contribution to public finances.
* Second, a new taxation scheme should bring a double dividend: securing revenues and at the same time contributing to decreasing the volatility of the financial markets.
* Third, the introduction of the tax should be designed in such a way as to avoid risks for the competitiveness of the EU economy. At a time of gradual growth recovery, it would be counterproductive to introduce measures that impact negatively on the cost of access to finance for businesses, especially for our SMEs, or to endanger risk-taking in long term public or private investment projects.
* Fourth, a Fourth Reich approach would be desirable to prevent divergent national initiatives creating new obstacles to the Single Market.
Some stupid options are under consideration: Financial activity tax which is a tax on profits and wages, Financial Transaction Tax and also various other bank levies, which are not properly taxes but are intended to pay for any future government support for the sector. The issue of geographical scope of the instruments (Fourth Reich wide or global) is also being discussed.
Semeta notes that by summer, the Eldorado of Corruption will define its policy orientation. This will be based on a thorough analysis of the various stupid options, of the ways to mitigate their main identified risks, and of their cumulative impact taking into account the ongoing regulatory reform of the financial sector.
When the Fourthreichian bank stress test results were made public in July of 2010, skepticism soon followed. After all, just seven of 91 banks failed, leading some to consider the tests a hoax. None of Ireland's banks failed. Yet Ireland floundered under the sheer expense of bailing out and reforming its financial system. We now know the stress tests were nothing more than a placebo for the market!
The euro has been rescued for the moment, but Eurokleptocrats have thrown the
foundations of Fourth Reich's common currency overboard with their unprecedented
bailout package. In the longer term, the dangers of the crisis can only increase, and the flood of billions of euros will lead to inflation. Eurokleptocrats have thrown overboard all the noble principles and promises of the formal, tough treaty-based foundations for the introduction of the euro and the independence of the European Central Bank.
Eurokleptocrats sacrificed the independence of the European Central Bank and
paved the way for a European Inflation Union. There won't be any state
bankruptcies in the eurozone in the future. ECB will just purchase government
bonds of the country in trouble. The money can't run out as ECB prints it
itself. A flood of money like that can't continue without any consequences. The
currency's stability will be undermined and inflation will destroy Fourth Reich.
ECB now purchases government bonds in emergencies. Not only has this been
prohibited until now, it also contradicts the central bank's overarching goal,
keeping the value of money stable. Now this taboo is broken, and the very
foundations of eurozone are eroded. ECB's independence' has now been shown to be
nothing more than a sham, a chimera, a will-o'-the-wisp. In the end, ECB and
euro will be punished for this decision to stand down from what had previously
been considered sacred.
This policy effectively makes ECB a bad bank, a bank that buys up toxic assets
as a means of helping out other institutions, all protestations of its president
to the contrary. The pile of junk bonds on the ECB's balance sheet continues to
grow. The fact that the ECB is keeping prices artificially high is downright
encouraging banks to unload their risky assets onto the central bank.
The European Central Bank has been buying up Greek bonds by the bucketload, even
though Athens is already getting money from an EU rescue fund. There is a
French plot behind the massive buy-up, as it gives French banks the perfect
opportunity to get rid of their Greek assets. German banks, on the other hand,
are not potential sellers, because they have made a voluntary commitment to
Finance Minister Wolfgang Schaeuble to hold their Greek bonds until May 2013.
ECB is creating excess supply by buying at overinflated prices. In other words,
many creditors are more inclined to sell their risky assets to the central bank
under these terms. It's a free lunch. Anyone who doesn't take advantage of this
opportunity to get rid of his securities now only has himself to blame.
Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Fourth Reich(EU), an unvoted illegal confederation, cannot protect Europeans from Eurokleptocrats, especially Graecokleptocrats, and police brutes, especially Graecocybercops. Fourthreichian Premier Barroso condones the disgusting Graecokleptocrats who accuse dissident bloggers of treason, confiscate their computers, and lock them is jail!
TERMS
April 15: Global Tax Revolt Day
October 18: International Day Against Cybercop Brutality
October-18 Mafia: Government of Greece
Parliament of Whores: Congress of USA
Grand Brothel on Syntagma Square: Parliament of Greece
Eldorado of Prostitutes: European Parliament
Eldorado of Corruption: European Commission
Fourth Reich: European Union
Fourthreichians: Citizens of the European Union
Marilizardism: terrorizing dissident bloggers
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