Brussels can no longer assume its social-security liabilities.

The state is failing. What now?

De staat faalt. Wat nu?
Wim Van De Velden
De Tijd, zaterdag 4 juli 2009, 00:30
http://www.tijd.be/nieuws/commentaar/De_staat_faalt._Wat_nu-.8204634-620.art

banana republic

Ivo Cerckel
honestmoney@maktoob.com

Repeal the IMF and its SDRs.

Repeal the International Monetary Fund and its Special Drawing Rights.

Since 15 August 1971
when US of A president Richard Nixon broke the Bretton Woods Agreements
which linked the US of A dollar to gold at fixed parity
and all other currencies to the said dollar,
the IMF has no more reason to exist.

If this planet needs a reserve currency,
the debate should centre on the question
what will be the VALUE of that currency.

The debate should not be: which nation, so-called nation, will receive the exorbitant privilege of issuing it?

The IMF has no more reason to exist.

Giving its SDR basket the status of world reserve currency
is double fraud.

Ivo Cerckel
honestmoney@maktoob.com

Zeng Urges Oversight of Reserve-Currency Nations (Update3)
By Bloomberg News
Last Updated: July 3, 2009 03:17 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=apWwNzoIflIM
SNIPS
July 3 (Bloomberg) — Former Chinese Vice Premier Zeng Peiyan highlighted the nation’s concern at the risks posed by a global financial system dominated by the dollar, urging more oversight of countries issuing reserve currencies.
“There should be a system to maintain the stability of the major reserve currencies,” said Zeng, the head of a research center under the government’s top economic planning agency. Fiscal and current-account deficits must be supervised as “your currency is likely to become my problem,” he said in a speech in Beijing today.
+
The People’s Bank of China renewed on June 26 its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves.
“To avoid the inherent deficiencies of using sovereign currencies for reserves, there’s a need to create an international reserve currency that’s delinked from sovereign nations,” the central bank said in a report. The IMF should expand the functions of its unit of account, Special Drawing Rights, the report said.

G8 united in not shifting reserve currencies-source
Reuters – Saturday, July 4
http://asia.news.yahoo.com/rtrs/20090703/tbs-g8-summit-currency-reserve-7318940.html
July 3 – The Group of Eight leading industrialized nations are showing little enthusiasm for China’s idea of questioning the dollar’s status as the main global reserve currency, a G8 source involved in preparations for next week’s G8 summit said on Friday.
“There is pretty broad consensus with the G8 that this is not the time to experiment with reserve currencies, however attractive it might seem,” said the source, speaking on condition of anonymity.
G8 sources said earlier this week that China had asked for discussion of proposals for a new global reserve currency at next week’s G8 meeting in Italy, which will be expanded on the second day to include China and other emerging nations.
The reserve currency debate centres on proposals by some emerging powers that an alternative should be found to the dollar as the main global reserve currency, to reflect the shifting balance of power in the globalised economy.
China has been particularly vocal. It holds more U.S. Treasury debt than any other country and has expressed fears that Washington’s huge spending on economic stimulus could spark inflation, hurting the value of China’s dollar-denominated reserves.

Horum omnium crapulissimi sunt Belgae. (1)

In the United Kingdom of Great Britain and Northern Ireland, thalidomide was prescribed by the National Health Service (NHS) of Her Majesty’s government. (2)

In Germany, the government has concluded an agreement with Chemie Grünenthal GmbH, the maker of thalidomide, exonerating Chemie Grünenthal GmbH from any future compensation claims. (3)

And all thalidomide monsters, none of whom were part in or to that agreement, are bound by that exoneration.

In the UK, where thalidomide was prescribed by the … government,
thalidomide victims are therefore compensated through a private settlement. (2)

The NHS, that is, the UK government, and Chemie Grünenthal GmbH are exonerated in Britain. (2)

Only Distillers Ltd., the licensee of Chemie Grunenthal GmbH in Britain, has to pay in Britain. (2)

In Germany, it’s only the government which has to pay. (3)

The Bundestag or parliament of the German government, which (the latter) is headed by chancellor Angela Merkel, therefore vehemently denied this week the Sunday Times accusations of February 2009 that thalidomide was created by the Nazis.

Es gebe keinen Anlass, die Aussage
[that’s the declaration Grünenthal that it developed thalidomide itself
not the declaration of The Sunday Times]
zu bezweifeln. (4)
(There’s no reason to doubt that declaration, says the Bundestag.)

It is impossible to be and not to be at the same time and in the same respect, said Aristotle in his “Metaphysics”. This is known as the Principle of Non-Contradiction.

The now-Federal Kingdom of Belgium therefore prefers killing thalidomide monsters in order not to have to deal with contradictions. (5)

B A S T A R D S – All of them!,
maintained alive with stolen tax money,
whereas the thief does not come back periodically,
nor does the thief pretend to be stealing in the public interest.

They Work For You dot com is the British website from which I copied note 2.

Ivo Cerckel
honestmoney@maktoob.com

NOTES

(1)
paraphrase of Gaius Julius Caesar (Caius Iulius Caesar?)
in “De Bello Gallico” (On the War in Gaul);
Horum omnium fortissimi sunt Belgae,
Of all these [the people of Gaul], the Belgians are the bravest.
“Crapule” is French, and thus Flemish, for “scoundrel”.

(2)
Thalidomide
Health
Written answers and statements, 29 June 2009
http://www.theyworkforyou.com/wrans/?id=2009-06-29b.279990.h
Rob Marris (Wolverhampton South West, Labour)
To ask the Secretary of State for Health
(1) whether he plans to compensate those who have suffered adverse effects as a consequence of drugs prescribed by the NHS before the provisions of the Medical Safety Act 1968 came into effect;
(2) if he will bring forward measures for the financial compensation of thalidomiders whose mothers were prescribed thalidomide by the NHS.

Hansard source (Citation: HC Deb, 29 June 2009, c93W)
Gillian Merron (Minister of State (Public Health), Department of Health; Lincoln, Labour)
Thalidomide victims are compensated through a private settlement, which was agreed between the Thalidomide Trust, which was established to administer annual payments to victims, and Distillers, which is now part of Diageo plc., the company that marketed the drug in the United Kingdom. Compensation payments are therefore a matter for the Thalidomide Trust and Diageo plc.
It is the Department’s policy not to make ex-gratia payments to patients who believe their health has been adversely affected by the use of pharmaceutical products. Responsibility rests with the pharmaceutical company concerned.
Responsibility for the testing of thalidomide, including tests to assess its safety, lies with Chemie Grünenthal, the original developer of the drug. In the United Kingdom, Distillers also undertook testing on thalidomide before its introduction to the UK market.
Prior to the Thalidomide tragedy, there was no formal drug regulation system in place to monitor the safety of medicines in the UK. As a result of the tragedy, a complete review of the machinery for marketing, testing and regulating drugs was initiated, including enactment of the Medical Act 1968, which introduced stricter testing for medicines prior to licensing to ensure that they meet acceptable standards of safety and efficacy.

(3)
Weil der Staat mit der Errichtung der Stiftung “Hilfswerk für Kinder” – finanziert von Grünenthal sowie vom Staat – alle direkten Ansprüche gegen die Firma ausgeschlossen habe, sei er nun selbst in der Pflicht, die Versorgung der Contergan-Opfer sicherzustellen, heißt es in einer Pressemitteilung.
(Höhere Rentenzahlungen gefordert
Contergan-Opfer klagen
Donnerstag, 02. Juli 2009
http://www.n-tv.de/panorama/Meldungen/Contergan-Opfer-klagen-article393861.html

(4)
Datum: 01.07.2009
heute im Bundestag – 01.07.2009
http://www.bundestag.de/aktuell/hib/2009/2009_205/05.html
SNIP
Im Bundestag notiert: Contergan-Tabletten
- Familie/Antwort
Berlin: (hib/SKE) Die Bundesregierung geht nicht davon aus, dass der in den Contergan-Tabletten enthaltene Wirkstoff Thalidomid von den Nationalsozialisten entwickelt wurde. Das geht aus einer Antwort der Bundesregierung (16/13308) auf eine Kleine Anfrage der Fraktion Die Linke (16/13086) hervor. Nach Angaben der Firma Grünenthal, die Contergan herstellte, sei der Wirkstoff 1954 von der Firma entwickelt worden. Es gebe keinen Anlass, die Aussage zu bezweifeln.
UNSNIP

I REPEAT
Es gebe keinen Anlass, die Aussage zu bezweifeln.

(5)
Friday, 7 June, 2002, 14:43 GMT 15:43 UK
Thalidomide: 40 years on
http://news.bbc.co.uk/2/hi/uk_news/2031459.stm
SNIP
In 1962, a Belgian woman was found not guilty of murdering her thalidomide baby.
There was much celebration in Liège when she and her co-accused – her mother, sister, husband and the family doctor – walked free.