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SuperShibe | 8 months ago
What I'm trying to say is that these two do not represent the German political landscape at all. They also, while on different ends of the left-right-spectrum, both only represent the pro-Russian minority of the German political landscape. This is not a debate happening in Germany right now and no other party has expressed support of any position.
jamil7|8 months ago
exiguus|8 months ago
eqvinox|8 months ago
parthdesai|8 months ago
ljf|8 months ago
mindjiver|8 months ago
Note that I'm not a German national but I live in Germany (former DDR / East) since 9 years.
int_19h|8 months ago
slightwinder|8 months ago
hannob|8 months ago
Picturing BSW as far-left, while not uncommon, strikes me always as very strange. While it's a bit unclear where to put them with their wild mixture of populism, the only reason they are by some seen as leftwing is because of the history of their founder. She was previously a member of the left party, but for many years, even while she still was a member of that party, has not held any views that could count as far-left.
The only reason some still put her in the far-left camp is that she was, looooong ago, a member of the communist platform in the PDS, the predecessor of the left party in Germany.
badestrand|8 months ago
Examples for the BSW's left politics are * higher taxes for the rich * higher taxes for large and international companies * take on new debt to finance stuff * more state-aided social housing.
tonyedgecombe|8 months ago
LargoLasskhyfv|8 months ago
See https://de.wikipedia.org/wiki/Deutsche_Goldreserven#Diskussi... for some history.
Or some articles from around 10/2012:
https://www.focus.de/finanzen/news/warum-das-deutsche-gold-i...
https://www.focus.de/finanzen/news/bundesbank-soll-den-ganze...
https://www.focus.de/finanzen/news/bundesbank-enthuellt-so-v...
(yooze trännzläyshun!1!!)
fanwood|8 months ago
cempaka|8 months ago
mslansn|8 months ago
Paradigma11|8 months ago
Aldipower|8 months ago
razemio|8 months ago
AfD has SO many connections to the Kremel. At least a big part of AfD is obiously influenced by russian agenda. BSW is a different topic. They might just align with many points russia likes, but you can not be sure either.
BSW or AfD with power in the Bundestag would be russias wet dream in regards to german politics.
notTooFarGone|8 months ago
They just take russian talking points and deliver them to their voters. It's just conveniently the same shit. And business trips to russia are just there to enjoy the scenery.
If they talk like russians, are present in russia, do interviews in russian media and don't condemn russian warcrimes...
Maybe it's just as easy?
Eupolemos|8 months ago
Being against military expenditures and alliances when the other nation is arming like there is no tomorrow is being pro getting invaded.
It is not complicated.
slightwinder|8 months ago
bboygravity|8 months ago
Just look at what happened when Venezuela wanted their gold back. It took ages and that was a relatively tiny amount.
It's extremely naive for many EU countries to still believe that they "have" "their" gold stored in the US. And even more naive to not try and get it back.
The entire US banking and financial system relies on NOT delivering or owning the underlying (fractional reserve banking, federal reserve printing money out of thin air, failures to deliver every single day on everything from stocks to government bonds, failing CDS'es and so on).
user____name|8 months ago
This is sadly a very common misunderstanding of how money is created inside the financial system, even by professional economists and financial advisers. In reality money is not valued at parity with some physical material but as a simple act of accounting [0,1,2,3,4]. Historically a currency (subset) has been pegged against rare minerals as a method of insurance against state or exchange rate instability, the flip side is that this restricts state spending and economic growth -- a growing economy needs a growing stock of currency to service loans and avoid debt driven deflation, as in e.g. the great depression [5,6,7]. This is why gold/silver standards are always episodic in world history [8]. Even in the fien-de-secle gold standard era the majority of currency in circulation had its origin in endogenous bank lending [9]. The typical stability and viability of a currency is from the fact that it can be used to procure real goods in the wider market, which in turn is because money contracts are legally enforced via social power relations, e.g. by a local government with the power make and enforce such rules. Incidentally this is why cryptocurrencies act as an investment asset and not as a currency, it lacks the enforcement component and it appreciates in value, which is never what you want for a currency [10].
[0] Bank of England, Money Creation in the Modern Economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m... [1] Deutsche Bundesbank, The role of banks, non- banks and the central bank in the money creation process https://www.bundesbank.de/resource/blob/654284/df66c4444d065... [2] Richard A. Werner, A lost century in economics: Three theories of banking and the conclusive evidence https://www.sciencedirect.com/science/article/pii/S105752191... [3] Augusto Graziani, The Monetary Theory of Production https://www.cambridge.org/core/books/monetary-theory-of-prod... [4] Basil J. Moore, Horizontalists and Verticalists https://www.cambridge.org/sc/universitypress/subjects/econom... [5] Scientific Origin, What Was the Gold Standard, How It Worked, and Why It Ended https://scientificorigin.com/the-gold-standard-what-it-was-h... [6] Irving Fisher, The Debt Deflation Theory of Great Depressions https://www.jstor.org/stable/1907327 [7] Hyman P. Minsky, The Debt Deflation Theory of Great Depressions https://core.ac.uk/download/pdf/232609677.pdf [8] Marc Lavoie, Endogenous Money: Accomodationist https://www.researchgate.net/publication/287788671_Endogenou... [9] David Graeber, DEBT: The First 5000 Years https://en.m.wikipedia.org/wiki/Debt:_The_First_5,000_Years [10] Wikipedia, Silvio Gesell https://en.m.wikipedia.org/wiki/Silvio_Gesell
Apologies for the lengthy response, it's a personal pet peeve.
stogot|8 months ago
infecto|8 months ago
Modern banking and finance, not just in the US, relies on fractional reserves. This is not a movie.
raymond_goo|8 months ago
regularization|8 months ago
This is the future of European, and US elections. Undermining Russia is important to the rulers of Europe and the US, but not as much to workers and voters. You can see the sea change with Trump in office and socialist candidates like Bernie, who is getting huge crowds in Idaho and Oklahoma, or AOC and Zohran in New York. Young people can't afford houses, even programmers are having trouble since the 2022 layoffs - can you imagine the Amazin RTO in Seattle mandate would be possible in 2021? Wealth inequality leads to disruption, and political parties are made to appeal to the masses - either fascist or socialist. The political tendencies arising are no anomaly.
slightwinder|8 months ago
They were founded in 2013 and missed the seat by just 0.3%.
> BSW probably picked up voters who would have gone to either AFD
AFD-Voters were the lowest group they grew from[1]. They mostly harvest from the political left, but also some (probably non-extrem?) right voters.
[1] https://www.tagesschau.de/wahl/archiv/2025-02-23-BT-DE/analy...
gruez|8 months ago
I can see how Trump being in office is indisputable sign that populists are getting popular, but what does "huge crowds" cash out to? "crowds" should be as little as 1000 people. Combine that with to urban-rural and education polarization, and it doesn't seem too hard to get a 1000 college educated city dwellers to show up to a rally in Idaho.
nforgerit|8 months ago
You're basically falling into "the populist trap" in which they take a fact or something true and wrap it with a lot of BS and conspiracy theories. If you disregard the true core "just because it's from the wrong party" you give them political lever. We've seen that playbook working out for 10+ years.
De Masi did a great job as a financial expert in a parliamentary group, highly regarded by people over the whole political spectrum. I don't understand why he joined BSW but that doesn't weaken his point here.
And since we're already publicly discussing Trump blackmailing us with decommissioning US IT-Services without further notice, it is exactly right to talk about assets like gold being stored on US soil.
timcobb|8 months ago
Extremists should never be ignored, especially in unstable times, but mentioning that these people are currently not in power and aren't even in the parliament is good context.
paganel|8 months ago
[deleted]
taikahessu|8 months ago
https://en.m.wikipedia.org/wiki/Bucha_massacre
FpUser|8 months ago
dubbel|8 months ago
They exist for the reason to liquidate them in case of national emergencies/severe economic crises. It's easier to liquidate these reserves when they are stored in trading hubs. That could be New York and London, or maybe even Shanghai, if China wasn't a systemic rival.
Storing all of them at "one's place" is a larger risk than splitting it up and storing them in several places, each with a different risk profile.
vincnetas|8 months ago
AnimalMuppet|8 months ago
That exposes you to the risk of the country holding it. But for much of recent history, the US was seen as a lesser risk than a Russian invasion. Whether that is still the way the risks balance... I think we each may hold our own opinion on that.
52-6F-62|8 months ago
littlestymaar|8 months ago
pydry|8 months ago
This is as true in the middle east, europe, africa, south america or asia.
throw0101b|8 months ago
An example of:
* https://en.wikipedia.org/wiki/Horseshoe_theory
?
mdavid626|8 months ago
bc569a80a344f9c|8 months ago
It has not. They got 20% in the last Bundestag election, compared to 28.4% for CDU. Unless they get significantly stronger it seems very unlikely that anyone wants to be in a coalition with them on the short or medium horizon.
kadrian12|8 months ago