Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts

Monday, October 1, 2012

These Politics Will Lead Unavoidably to the Social Downfall

To the Bitter End

We will experience a Europe which will be under dictatorial rule -- and the Democratic politicians will explain to us that there are no alternatives.
(  "How does it work like this that the political class will attempt to save the Euro down to the bitter end."

Albrecht Schachtschneider (72) said this in an interview, which was highly praised by users of 'Epochenwechsel'.

Soon, Germany Will be there

The desire is -- says Schachtschneider -- with the Euro and saving the Euro "to force the cause of the European state."

The constitutional lawyer insists that this political maneuver will lead "unavoidably to the  economic decline of all peoples":

"In the south it is already clearly detectable:  The recession and deflation -- and eventually then inflation."

And:  "That effects France also more and more and will soon draw Germany into the abyss."

The German must deliver the state of its assets

Schachtschneider predicts a climb in interest for Germany:  "The debt will become unserviceable in Germany."

He sees "fatal consequences" for everyone:  "One will make claims in every way of the citizens, to deliver up their assets."

It happens like this:  "The short term deposits in the region of two billion will be frozen by account blocks."

The immoveable assets will be seized by a forced loan.

Gold will be confiscated:  "There will be a ban on trading gold."

Schachtschneider recalled then that the private assets of the German people's assets have already been exhausted by incoming obligations.

It might be taken by the state only in title.

Rebellions will be put down

The past bankruptcy politics will in Schachtschneider's estimation result in a serious political crisis:  "The population may possibly rebel."

Actually: "This rebellion will be put down with all the resources and probably by foreign police power.  The troops have already been prepared."

The constitutional attorney expressed the foreseeable:  "We will experience a Europe, that will be despotic, i.e. dictatorially ruled."

Link to original...

Friday, August 19, 2011

Monastery Corporation Goes Into Insolvency

The Monastery in the Ardennes was founded personally by St. Bernard of Clairvaux himself.  Now the talk is of savings accounts.
Cloister Himmerod

( 'The  Abbey Himmerod Corporation mbH' is bankrupt.

This was recently reported by the website of the Cistercian Cloister Himmerod.

On the 12th of August the Operation filed for insolvency at the district court of Wittlich.

The Cistercian Cloister Himmerod is located in the Ardennes. It was founded in the years 1134/35 by St. Bernard of Clairvaux.

It is located in the municipality of Manderscheid -- 56 kilometers north of Trier.

Today there are thirteen Monks living in the Cloister.

Since January the Cloister has been directed by an administrator, Father Stephan Senge.

It operates a museum with rotating art exhibits, a book and art store, a guest area, a guest and meeting hall.

AFter losses of more than 200.000 Euro during the years of 2008 and 2009, employees must be dismissed and special projects like the fish farm must be closed.

Unfortunately, these measures aren't sufficient.

The leadership of the Subsidiary Company of the Cloister foresaw after talking to Counsel, to apply for bankruptcy, in order to protect the Abbey from enormous debts.

The Monastic life of the Monks is not going to be effected by this step.

On Tuesday the website of the Cloister announced that events, guest invitations, reservations and all further dealings will take place in the customary and planned extent in Abbey Himmerod.

Link to