Angela Merkel alarmed by worsening credit crisis The German

[Ognir]

Angela Merkel alarmed by worsening credit crisis
The German government is rushing through a fresh package of measures to shore up ailing banks and prevent a second wave of the debt crisis suffocating large parts of manufacturing industry.

By Ambrose Evans-Pritchard
Published: 10:14PM GMT 30 Nov 2009

"We are in a very critical situation," said Chancellor Angela Merkel in her weekly radio address. "We are going to discuss with leaders of the financial institutions what can be done to head off a credit crunch."

The move comes days after the Bundesbank revealed that German banks face a further €90bn (£82bn) of likely write-downs over the next year.

Leaders of the new coalition are to meet industrialists and bankers tomorrow to thrash out an emergency plan. The proposals include a €10bn scheme to purchase toxic securities from banks. The idea is anathema in Germany and faces stiff opposition from Mrs Merkel's Bavarian and liberal partners.

The renewed sense urgency follows a flurry of warnings from economists and business groups over the risks of a credit contraction.

A survey by Munich's IFO institute revealed yesterday that lending conditions in Germany had tightened sharply in November. Some 53pc of large manufacturing companies found credit hard to obtain, suggesting that the problem has spread beyond small firms without access to the bond markets. "The financing situation of firms remains critical and poses a risk to economic recovery," said the group's president, Hans-Werner Sinn.

http://www.telegraph.co.uk/finance/econ ... risis.html

[§N9sh2bj]

If you can read between the lines, the bankers with monopoly power over issuance of credit in the public (private issuance is another deal), have restricted the flow of credit *on purpose* to industry to cause an economic constriction.
meanwhile they come up with fairy-stories about 'toxic securities', designed to make people think there is a boogyman out there, like 'H5N1' or 'H1N1'.

It's bull. If Obama/Sarkozy/Merkel are 'alarmed' and the public operates in a mirror image in fraud, then I'm relaxed.

Chill.

[Anonymous]

Obama and his socialist agenda is sumed up as thus...
You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for,that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

~ Dr. Adrian Rogers, 1931

Check what my signature line states...

[§N9sh2bj]

The 'Dr. Adrian Rogers' quote above, misses some big points. It does not consider than in an industrialized modern economy, not a jew-run-one, there is such an extravagant amount of excess available for everyone's benefit far beyond the conciousness of 99% of the people alive today.

What have the Rothschilds been doing, for instance, with a small fraction of the wealth? Funding Israel, and any other destructive organizations.

Anyone with 'Dr.' or using some other admiralty title I'm automatically suspicious of by default; the quote does nothing to change that, as it's written to stoke a certain agenda. It seems the one of workers against non-workers; fighting among the 95% of the population subsisting on 5% of the wealth.


There's enough wealth to bring up the living standards of everyone by a factor of 50 or 100 easily, reducing the 'official' work-week to 20 hours a week or less for those that are employed in the public. And many people work in their community privately, adding value, as has happened since the beginning. Slowly, the jew-clutches put away more and more of the wealth, and bring in more drugs, prostitution and crime, and real environmental destruction occurs, inexorably, as more people in the community go into the 'dark side'. The community deteriorates, which is  clearly what the Levitical priesthood wants.

That 'Baruch Obama', 'Sarkozy', or 'Angela M.', all characters/agents for the public, and therefor agents for the jews and for fraud, are concerned, tells me they must be loosing their grip. I'm happy with that. The sooner their corporations fail, the better it is for the people. People don't need corporations: corporations need people. They are dead entities.

[Anonymous]

Obama's agenda is as the post indicates to steal everything from the middle class and redistribute it to the poor and rich.
I think the rate of redistribution will be along the lines of 6% for the poor and 94% for the banks.
So...I think the good Dr. is probably on the money.