What’s A Few 4500 Billion Euros These Days?

Give or take 1000 billion? Fur European taxpayers, I mean. When the financial system “Draghi crases” and burns after the interest rates start heading up again.

Drahgi

Bank expert Markus Krall shows in the book “The Draghi Crash” what drastic measures are needed to save Europe from the death of the financial system. Five measures are necessary – otherwise threatening costs up to 4500 billion euros.

The vast abuses in the banking sector hang like a sword of Damocles on Europe. “We are all trapped in the trap that the ECB has dug for itself and us with its Keynesian interest rate policy,” warns Markus Krall. The imbalances in the credit sector are so huge that even a small turnaround in interest rates could lead to a crash.

The problem: the Eurozone countries do not have the resources to deal with the consequences this time around. In Germany 3000 billion euros of national wealth are at stake. Krall estimates the total amount of defaulted loans in the European banking system to be at least 1000 billion euros. And when interest rates rose, an unprecedented wave of bankruptcies threatened Europe’s zombie companies. “That costs again up to 1500 billion euros,” said the consultant.

Staatsschulden, Lebensversicherungen, Bankbilanzen – Banken-Experte Markus Krall zeigt in dem Buch “Der Draghi-Crash”, welche drastischen Maßnahmen nötig sind, um Europa vor dem Exitus des Finanzsystems zu retten. Fünf Maßnahmen seien nötig – sonst drohen Kosten bis zu 4500 Milliarden Euro.

German Of The Day: Gruselkabinett

That means chamber of horrors – although cabinet of horrors is also possible here and is definitely more appropriate in this case.

Grusel

Germany’s Social Democratic Party (SPD) on Friday officially unveiled the six members bestowed with a ministerial post in Chancellor Angela Merkel’s new coalition government.

After suffering record losses in the last election — scoring its worst results since World War II — the SPD is vying to renew its fortunes by bringing some fresh, dynamic figures into the cabinet.

Vast majority of German voters think SPD is unfit for government.

German Of The Day: Fußvolk

That means foot soldiers, as in rank and file. And special thanks need to go out to the SPD’s Fußvolk today.SPD

Thanks for nothing. You failed. First make a lot of noise as if you will vote down Merkel’s latest grand coalition government plans so you can take your rightful place in the opposition instead (where you belong – your forty years in the desert) and then cave in to your worthless party leadership and give your blessing after all.

Not that anyone has ever taken your bitching and moaning about “showing those folks up there” all that seriously in the first place, nobody without a party membership card will ever believe a word of it again. You had your chance to do something and you blew it. You have the leadership you deserve. Pitiful.

SPD-Mitglieder stimmen zu 66 Prozent für GroKo-Neuauflage.

Acute Threat Now Just A Cute Threat

A senior German politician has confirmed today that hackers have been able to collect confidential information from Germany’s government network.

Cyberattack

He quickly stressed, however, that this information was expressly labeled confidential and he is therefore quite confident that the hackers won’t read it.

“Confidential means in confidence, after all,” he said. “So when one indicates confidentiality it imparts that this information is a private, even a secret matter. Intimate even, although we certainly don’t have any of that kind of material in our network. Strictly forbidden, you know. So why would one who is not in confidence read confidential information? Would you? Of course not. I wouldn’t, either. I just wouldn’t have the confidence to do so. Well, it’s been a long week everybody. Have a nicer weekend!”

According to reports in German media, the hackers focused their attack on the foreign ministry, which in the view of some lawmakers would suggest a foreign intelligence agency as the orchestrator of the hacking operation.

German Of The Day: Bedingt

That means partly. You know, as in “Waffensysteme nur bedingt einsatzbereit” (weapons systems are only partly ready for action)?

Bedingt

Partly ready for action? Isn’t that like being kind of pregnant? Anyway, here are just a few things that don’t seem to be working in the Bundeswehr at the moment (this list changes continually, however – as in keeps getting longer):

Only 39 Of Germany’s 128 Eurofighters were able to get off the ground last year.

Only 26 of the older Tornado fighters were operational.

A full 16 of the 72 CH 53 transport helicopters were working.

Similarly, of the 15 Airbus A400M transport aircraft only three were operational.

One (1) Class 212 A submarine was ready, willing and able.

And of Germany’s 244 Leopard 2 tanks, only 105 were tanked up and ready to go. Tanks for nothing, guys.

But think of it this way: If the potential enemy doesn’t know which one of these war machines is actually working, wouldn’t that confuse the hell out of him? It’s kind of clever if you stop to think about it. So that must surely be why Angela Merkel will be keeping on her Gal Friday Ursula von der Leyen as Germany’s Defense Minister in the next great and grand coalition government coming our way. Girls are more tricky at this kind of stuff. I guess they have to be.

“Eurofighter” bleiben am Boden, U-Boote können nicht tauchen, Militärs zeigen sich genervt: Der Zustandsbericht über die Bundeswehr stellt Verteidigungsministerin von der Leyen erneut ein mieses Zeugnis aus.

I Got The Power

Electricity bills, actually. Big ones. And talk about renewable. These bills just keep on coming and coming and growing and growing…

Power

Voter support for Angela Merkel’s long-standing pledge for climate protection risks being undermined by stubbornly high pollution levels and power prices.

Average retail power costs are set to climb 111 percent since 2000, when guaranteed subsidies for wind, solar and biomass power first started being added to consumers’ bills, forecasts from the BDEW utilities federation showed last week. Germany may for the first time move up a notch to share with Denmark the highest household energy bills in the EU.

It’s more evidence that gains in wind and solar power competitiveness have yet to trickle down to consumers, frustrating the aim of keeping Merkel’s green energy transition affordable.

“I’m from the government and I’m here to help.”

German Of The Day: Kontinuität

That means continuity. And that is what the Berlinale Film Festival is famous for.

Berlinale

Take this year’s Gold Bear winner, for instance. Please. “Touch Me Not” is a Romanian film about a woman “struggling with intimacy issues and learning to be comfortable with her body.” And it is a work of cineastic Kunst with sex scenes so explicit and images so disgusting that many viewers had to leave the theater during the viewing.

Continuity, like I said. The Berlinale is first and foremost a political event. And, of course, we all know what kind of political event political events in the film industry must be. Radical is good. Ugly is good. Leftist moral revisionism is good. Porno marketed as art to a willing, enabling (see #MeToo) jury of Hollywooedesque film elitists is good.

And this year’s Golden Bear winner, just like the Golden Bear winner every year, has already been long forgotten by THE REST OF US before the Berlinale trappings have been removed and packed away for next year’s show.

Während des Festivals hatte das auch mit deutschem Geld realisierte Werk die Kritiker gespalten. Denn darin sind detailreich alle Spielarten menschlicher Sexualität zu sehen, es gibt den Besuch in einem Sado-Maso-Club, auch behinderte Menschen sind dabei.

German Of The Day: Korruptionsindex

That means the Corruption Perception Index 2017 from Transparency International.

Korruption

Go Germany! The Germans have dropped a few notches. Like duh. And they don’t even factor in the German automobile industry here, people.

Laut Transparency International haben Luxemburg und Großbritannien Deutschland beim Kampf gegen Korruption überholt. Nötig sei unter anderem ein Lobbyregister.

More Government In Action

Universal law: Ever notice how when the government employees who are paid to do the job that they are paid to do are eventually asked to finally do the job they are paid to do suddenly have great and nearly insurmountable problems actually doing it – primarily because they are chronically understaffed? Or claim to be?

Government

Well, it’s not just where you live, wherever that might live. Take Berlin’s civil servants, for instance. Please. Remember the Anis Amri case?

The latest here is that the police director of Berlin’s Islamism Department (no, they don’t support Islamism, they combat it – or are at least supposed to) had time enough to pursue private sideline jobs while loudly and officially complaining about how he and his department were completely overstretched on the case.

See how it works? Everywhere? So the next time somebody comes along in your city/state/national capital wanting to cut costs by firing some of these chronically understaffed people, please keep this in mind.

Während seine Mitarbeiter hoffnungslos überlastet waren, hatte der Leiter des Berliner Islamismus-Dezernats offenbar trotzdem Zeit für private Nebenjobs.

Torpedoes Are Ready For Firing

Alarm Bells Ringing As German Court Prepares Diesel Verdict That Could Torpedo The Industry.

Daimler

This is widespread criminal activity here, people. VW may have gotten Dieselgate rolling, then Audi & Co. gets caught but now its Daimler’s turn.

Daimler AG, the automaker which produces the Mercedes-Benz line of luxury vehicles, is facing growing scrutiny after US investigators reportedly found that it installed software to cheat diesel emissions tests on cars, Bloomberg and Reuters reported.

I got three words to say here: Made in Germany. Here are three more: Betrug mit System (systematic fraud). Get this diesel Dreck (filth) out of here already.

Meanwhile… Tesla vehicles now dominates luxury segment in Europe, outselling flagship gas-powered German cars

Tesla Model S übertrumpft in Europa erstmals deutsche Premium-Konkurrenz.