Ockenfels is a local municipality in the district Neuwied in the north of the Rhineland-Palatinate region. It shares a border with the town of Linz on the Rhine and is home to a 13th century castle of the same name. The surname Ockenfels is found in this part of Germany as well as both the United States and Australia.
The first recorded mention of the village of Ockenfels was in 1257. It wasn’t until 1809 that Nassaui regulations required the Kirchspiel Linz to be divided into eight sections. Since the re-organization of the land registers of 1828 only small border corrections have been made. In 1829 the village recorded 300 inhabitants in 62 houses, as well as a chapel and a school building.
It was called a ‘strong fortress’ in 1609 while in the possession of Johann Adam von Hoheneck (-). The next mention of the castle was in 1623 as a possession of the childless Ferdinand von Bayern (1577-1650), Archbishop of Cologne. He sold it to George von Gerolt (-) in 1624. His line ended in 1887 with the death of Friedrich Josef von Gerolt (-).
In the 1800’s the ruins were prey to scavengers who used the original bricks and stones for building projects of their own.
It then became property of the city of Linz who sold it to Vice Consul Franz Delden (-) who hired architect Heinrich Reinhardt (1868-1947) to rebuild it in 1925. The wall and base were incorporated into the rebuilding project and can be seen today.
1936 saw it open as a church for the Sisters of St. Mary. They also used it as a nursing home.
It became a spa and hotel in 1960. It changes hands several times until it was declared forfeit for lack of use in 1998.
It is currently home to the administrative offices of the shoe brand Betula Birko Orthopedics
Yesterday was both the day of the 1000th post and 1 year anniversary (funny coincidence)!
by tonytran2015 (Melbourne, Australia).
When a pension fund with legislated rates of pay out operates in a negative interest environment, its fund is bound to be depleted.
You have to ask how can it have money to pay out at the legislated (high positive) rates. It can only do that if it is injected with goverment printed fiat money or if it has an ever expanding number of subscribers (a type of Ponzi scheme).
The stop on payouts byDallas police fire pension board isno surprise. It is only the tip of the iceberg.
In general, negative interest rates have revealed the unsustainability of many pension plans with legislated rates of payout.
Dallas police fire pension board ends run, bank stops 154m withdrawals.