Inflation Tax 101

Thanks for the warning, German central bank, one of the main culprits behind the problem you’re warning about.

Germans are suffering large cuts in real pay, Bundesbank report says – Workers in Germany are experiencing large cuts in their purchasing power as modest pay rises fail to keep up with record-high inflation, the country’s central bank said in a report on Monday.

It’s an age-old dirty trick. The EU, the central banks and the German government itself are pursuing policies that magically generate more tax revenue without openly raising taxes. If prices go up 10%, say, the tax receipts increase 10% too. Inflation also reduces government debt (if they borrowed 1000 but only have to pay back 900 in real terms). But thanks for the warning. That’s very considerate of you.

German Of The Day: Affentheater

Literally, monkey theater. Meaning farce, charade, monkey business.

Germany monkeypox infections rise to three after Berlin cases – At least two cases of monkeypox have been registered in Berlin, health authorities in the German capital said on Saturday, one day after the country registered its first case in Munich.

What This Country Needs Are Stricter Crossbow Control Laws

And knives need to be better regulated too. And bats and clubs and other big chunks of wood. And rocks.

Woman seriously wounded in German school shooting, say police – Bremerhaven pupils barricade themselves in classrooms during attack by man reportedly armed with a crossbow.

American Health Secretary Poses Health Risk For Germany

Geez. You’d think the American Health Secretary would have known enough to get one of those anti-COVID vaccination thingies.

Oh. He did? Several, even? I know, these vaccinations don’t stop you from getting COVID (not anymore), they just stop you from passing it on to others (not anymore). Well, the Germans are going to lock his ass up in quarantine anyway. Or ought to.

Health and Human Services Secretary Xavier Becerra tested positive for COVID-19 on Wednesday while traveling in Berlin, the Department of Health and Human Services (HHS) announced.

“This morning in Berlin, ahead of G7 meetings for health ministers, U.S. Health and Human Services Secretary Xavier Becerra tested positive for COVID-19 after taking a PCR test,” HHS spokeswoman Sarah Lovenheim said in a statement. “He is fully vaccinated and boosted against COVID-19, and is experiencing mild symptoms. He will continue to perform his duties as HHS Secretary, working in isolation.”

German Of The Day: Gaslobbyist

That means gas lobbyist.

Germany to close Schroeder’s office in repudiation of ex-chancellor – Gerhard Schroeder’s publicly funded office is to be closed and its remaining staff reallocated amid mounting dismay at the former German chancellor’s refusal to distance himself from Russian President Vladimir Putin.

Gerhard Schröder to lose Bundestag office this week. The SPD, the Greens and the FDP want to strip the former chancellor (SPD) of some privileges immediately: In a draft for the budget committee, he will be deprived of offices and staff.

German Of The Day: Stiftung

That means foundation. You know, like the “climate protection foundation” SPD Prime Minister (Governor) of Mecklenburg-Western Pomerania Manuela Schwesig created to get around American sanctions to help Russia finish the Nord Stream 2 pipeline – which never went into operation although completed, for some strange reason.

Now that she got caught the “foundation’s” chairman of the board has stepped down so it can quietly be liquidated.

The foundation had been the subject of criticism since its establishment in January 2021 because, in addition to climate protection, its main purpose was to secure the completion of the Nord Stream 2 natural gas pipeline through the Baltic Sea. Companies involved in the construction had in fact been threatened by US sanctions.

Nord Stream 2 AG paid 20 million euros into the foundation’s coffers. Nord Stream 2 was completed – with the foundation’s support. However, because of the Russian invasion of Ukraine, it has not received an operating permit from the German authorities. Schwesig has come under criticism for her long adherence to Nord Stream 2. Accusations have been made that Russian forces pulled the strings in key areas of the foundation. Schwesig had played a key role in promoting the establishment of the foundation in 2021.

The Name That Shall Not Be Spoken

Or at least classified as a “green investment.”

It starts with a “nu” and ends with a “clear” but you didn’t hear that from me because the Green Brain Police here in Germany demand strict adherence to the ideological tenets of environmental dogma. Or something along those lines.

Germany to reject EU green investment label for nuclear power – Germany will oppose European Union plans to include nuclear energy as a sustainable investment in its “taxonomy” policy for labelling green investments, the government said on Monday.

Brussels is seeking approval from EU countries and European Parliament for its plan to label gas and nuclear as climate-friendly investments, which has split opinion among states who disagree on the fuels’ green credentials.

“The Federal Government has expressed its opposition to the taxonomy rules on nuclear power. This ‘no’ is an important political signal that makes clear: Nuclear energy is not sustainable and should therefore not be part of the taxonomy.”

He’s A Green Economy Minister

So, of course “Germany Can Survive Without Russian Gas.”

The Greens think Germans should do without any form of gas, other than the kind you get from being a vegatarian. They don’t think Germans need any of that yucky energy and industry stuff at all, in fact. Just sunshine, wind, tweeting birds and apple trees. And a treehouse for everyone in the forest. And butterlies. And a cozy campfire every once in a while. But not too many of those because of the CO2.

Economy Minister: Germany Can Survive Without Russian Gas – Germany will be able to withstand a halt of Russian natural gas supplies as long as it manages to fill up its gas storage, Economy Minister Robert Habeck told German media this week.

In an interview with WirtschaftsWoche cited by Bloomberg, Habeck explained that the country would be able to weather the effects of a potential suspension of gas supplies from Russia under three conditions: that it fills up its gas storage facilities before the next heating season begins, that it finishes adding its planned LNG import capacity, and that Germans reduce their energy consumption.

Smell That Coffee

Suddenly, for some odd reason, “LNG” is no longer a dirty word/acronym in German anymore. It used to mean “dirty, awful US-Amerikan fracking gas.”

It looks like they changed that definition recently so it probably won’t be long before the Germans will be explaining to the rest of the world how to do LNG the right way.

The Cabinet approves bill to speed up construction of LNG terminals – The Cabinet on Tuesday approved a bill to speed up the construction of floating and fixed LNG terminals and the pipelines needed to connect them to the gas grid. The Bundestag and Bundesrat still have to approve it.