Archiv der Kategorie: statements

The trade balance surplus continuously accumulated by the German economy but caused by the German politics is a violation of the agreement under international law called GATT

The severe disagreements between Germany and the US have to be seen against this backdrop and have been a subject for long, however, Mr Obama might have addressed this topic in a more conciliatory way than Mr Trump’s current harsh way. After all, the trade balance surplus continuously accumulated by Germany

(__nearly 9 per cent in 2016__)

is inacceptable and constitutes a severe threat to the so-called free trade and is just an expression of the malfunctioning of the European Monetary Union:

On the one hand there is a deficit limit of 3 per cent in this union but on the other hand a surplus limit of 6 per cent, that, taken by itself, is a no-go because deficits and surpluses are directly linked. The trade balance surplus continuously accumulated by the German economy but caused by the German politics is a violation of the agreement under international law called GATT weiterlesen

Condition for a working monetary union

[__This statement was first published
in German on 23 February 2017.__]

One of the two essential conditions for a monetary union properly working is the alignment on the Golden Rule of Wages.

(__See the detailed explanation in: Es werde mehr Licht! Mehr Demokratie wagen in der Lobbykratie? Untersuchung über die Konsequenzen der bürgerlichen Real-Demokratie, pages 214-18, footnote 177.__)

For this reason the regular ballyhoo-rituals between employers and unions not only can but have to be refrained from. As this way _all_ parties involved _indeed_ are helped, we can see what mess the policies asked for by Europe’s German hegemon produces. Condition for a working monetary union weiterlesen