quarta-feira, 1 de janeiro de 2014

GERMÂNIA XI - GERMANIA XI - GERMANY XI

Fall and rise of German Mark:
http://www.leftovercurrency.com/Resources/banknote-100-deutsche-mark-schumann-1989.jpg
100 Deutsche Mark (1989) Clara Josephine Wieck Schumann (1819 – 20 May 1896), pianist composer, wife of Robert Schuman
http://www.leftovercurrency.com/Resources/banknote-20-deutsche-mark-von-droste-hulshoff-1991.jpg
20 Deutsche Mark (1991) Anna Elisabeth Franziska Adolphine Wilhelmine Louise Maria, Freiin von Droste zu Hülshoff (1797 – 1848), writer and composer

5 Deutsche Mark (1991) after reunification of 1990 with Elisabeth Catharina Ludovica Magdalena Brentano - Bettina von Arnim (the Countess of Arnim 1785 – 1859) that was born in Frankfurt am Main, a Romantic artist friend of Goethe and Beethoven.


5 Deutsche Mark of 1960 inside European Economic Community (EEC) founded in 1957.
http://upload.wikimedia.org/wikipedia/commons/thumb/e/ec/100-Mark-1971.jpg/800px-100-Mark-1971.jpg
East Germany (DDR) stolen by Stalin has it Mark, here a banknote of the German Karl Marx stolen by soviets from him poorest ideas in the XIX century in a different historical context


The respect for Europe in 1948 of Deutsche Mark of Frankfurt am Main
http://upload.wikimedia.org/wikipedia/commons/thumb/b/be/1_Rentenmark_1937-1-30_xx.jpg/562px-1_Rentenmark_1937-1-30_xx.jpg
1 Rentenmark from 1937
http://upload.wikimedia.org/wikipedia/en/9/96/1923-9-1-500mil.jpg
500 Million mark banknote (Germany 1923) - hiperinflation, strong devaluation of German Papiermark issued and circulated in big quantity after the fall in I World War (1914-1918). Germany didn´t have gold to support the currency.
http://upload.wikimedia.org/wikipedia/commons/thumb/2/27/Germany_5_Mark_1904_VF_Art_Nouveau_Banknote.jpg/452px-Germany_5_Mark_1904_VF_Art_Nouveau_Banknote.jpg
5 Goldmark banknote of 1904

The rigidity of Wolfgang Schäuble survive to colition between CDU/CSU and SPD. Many Companies and Families in Europe didn´t and wouldn´t. The devaluation in Europe was not good for Germany. But in this actual world incompetencies (many manipulated) don´t have consequencies (banks included), because Persons can´t vote in Wolfgang Schäuble, only can vote in CDU. That don´t means a democratic agree with him and him financial policies. The support in Germany about him policies is not democratic. The member of SPD Jörg Asmussen that come from European Central Bank to German Government have the same monetary rigidity of the German monetary disaster of XX century. The German «Bild» that means «Image» did an interwiew with him (30-112-2013 http://www.bild.de/politik/inland/wolfgang-schaeuble/warnt-vor-niedrigzinsen-34023344.bild.html):

«Hardly confirmed in his office, Finance Minister Wolfgang Schäuble (71) is again fully occupied with the issues of euro bailout, economic policy and tax issues.
Because of the many projects the coalition agreement between CDU and the SPD must first be financed, the euro crisis and economic downturn are still not over long.
BILD spoke with the CDU politician, asked how it goes now fiscally.»

«End of the low interest rate policy
The Minister of Finance is also an end to the low interest rate policy , calls for a rethink here by central banks. Expansionary monetary policies of central banks around the world bring problems for long-term investments with it , Schäuble told BILD: " This can not go on forever , of course . "
However, there were already signs that the money go back in Europe slowly on the financial markets. Also, the interest on the government bonds had already risen again slightly .
With its low interest rate policy , the central bank of the crisis to try to counteract , want to offer a special incentive for investment. In particular, the European central banks and the U.S. Federal Reserve set to this drug .»

«No tax increase , no new debt
Schäuble ( CDU) has also issued new debt and higher taxes for the next four years a rejection . "If nothing unforeseen and Deeply Engraved happens, there is no new debt and no new taxes ," said Schaeuble told Bild .
The coalition agreement between the CDU and the SPD was clearly focused on a stable fiscal policy , Schaeuble said further: " In addition to the agreed priority actions for about 23 billion euros by the individual departments must generate all other measures in their policies. "»

«In the coalition agreement between the CDU and SPD, there is not a rejection of tax increases. Before the general election the CDU and the CSU , however, strongly opposed tax increases. The SPD had demanded tax increases on the other hand , wanted to to fund certain changes - such as the lowering of the retirement age.»

Berlin: celebration of the end of year 2013 and the begining of 2014 (Reuters). What kind of policy for Europe?

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