Our Wind Farms Would Work Just Great

November 17, 2011 By Hermann Observer in Habitudes, Hard Facts, Heconomy, Helplessness, Hi-tech, Hysteria Tags: Alternative Energy, Atomic energy, Berlin, German, Germans, Germany, Humor, Nuclear energy, Satire, The Greens, Wind Energy, Wind Farms Leave a comment

It’s just that we don’t have the cables to bring the energy to shore (nor the money to lay them).

The network operator building those giant offshore wind farms planned to be a “supporting column” in Germany’s coming-one-day-but-not-in-any-way-near-there-yet energy turnaround, is no longer able to continue “work as usual.”

Like the Dutch government before them, having learned that offshore wind power is too expensive and that it cannot afford to subsidize the entire cost, the good folks at TenneT TSO GmbH are now about to throw in the towel, seemingly unable to find financing in the private sector that would allow them to continue their over cost and behind schedule project (it’s probably them damned durn banks doing this again, or that 1%).

The connection from Water World (Wind World?) back to Planet Earth has turned out to be more complicated and expensive than politically correct planners had originally thought, in other words, provided they had even thought about it at all.

But don’t worry, Green Shirt ideologues have already assured us that “If Tennent can’t swing the offshore development, somebody else can.” Money seems to be no object here, you see. When it’s not yours, I mean.

“Wenn Tennet den Offshore-Ausbau nicht schultern kann, müssen andere ran.”

Bond, Sovereign Bond

November 16, 2011 By Hermann Observer in Heconomy, Helplessness, History, Hysteria Tags: Berlin, Central Banks, Civil Courage, Euro, Euro Crisis, Europe, Financial crisis, German, Germans, Germany, Humor, Inflation, Satire 1 Comment

So, is it time for the sweet poison or the silver bullet? Germany (or one German) is the last man standing and it’s time to pay up or shut up.

Can Germany (and Germany’s “independent” Bundesbank President Jens Weidmann) jump over its/his shadow and allow the European Central Bank to become the lender of last resort in Europe’s never-ending efforts to prop up the euro?

Pump up the volume already. Half a dozen bailout packages and half a trillion euros later, Greece is closer to leaving the euro zone than ever before and Italy now seems bound for bankruptcy, too. Who’s next? And where’s the money? It looks like Europe’s arsenal is down to one last taboo here: Let the ECB vouch for all of the outstanding debt of the debtor nations, “permanently, to an unlimited extent and in violation of all applicable laws.” Germany, for some strange (and wonderful) reason, is still against doing this.

You know the deal, my fellow Americans. It’s the easy way out: “Print money and drown the debt crisis in a sea of liquidity.” Look what its done for us – so far.

Hey look, I don’t know much about economics (nor do at least half of the world’s economists, for that matter), but I do know that if President Barack Obama, President Nicolas Sarkozy and European Commission President José Manuel Barroso are all urging the Germans to abandon their resistance to the ECB plan, it’s probably best for the rest of us out there if this Weidmann guy sticks to his guns. I wouldn’t bet money on him doing so, though. And I certainly wouldn’t bet using the euro.

He mechanically recited the traditional mantras of the Bundesbank: “independence,” “a culture of stability” and “credibility.”

Speaking Of Government In Action

November 15, 2011 By Hermann Observer in Habitudes, Heconomy, Home Cooking Tags: Berlin, German, Germans, Germany, Government Waste, Humor, Satire, Taxation, Taxes, Waste Leave a comment

Or was it government inaction?

Here’s my personal favorite when it comes to the best (as in worst) cases of German tax revenue negligence for 2011 (so far):

The Bundeswehr stores 227 million rifle cartridges having a combined worth of 116 million euros. At least 40 percent of these cartridges have been stored improperly, however, they are now corroded and can no longer be used and will cost the German taxpayer approximately 46 million euros.

Actually, though, if you think about it, it’s surprising that the Bundeswehr doesn’t have to throw away more corroded ammunition than they already do.

Der Schaden beläuft sich auf 1,5 Milliarden Euro.

Pro-Iranian Business Conference Great Success In Berlin

November 10, 2011 By Hermann Observer in Habitudes, Heconomy, Hypocrisy Tags: Atomic weapons, Berlin, Exports, German, Germans, Germany, Humor, Imports, Iran, Nuclear weapons, Sanctions, Satire, Women Leave a comment

Although having been in a bit of a slump recently for some inexplicable reason, business opportunities appear to be picking up once again with Iran for mid-sized German firms.

Something called the “Iranian Business Women Power Economic Congress,” specifically designed to violate the sanctions put in place against the Iranian regime (established by Germany, the European Union, the United States and the United Nations), is successfully promoting trade with the Islamic Republic while simultaneously honoring Iranian women’s rights or something, although some of the women attending haven’t dressed according to forced Islamic dress codes (well they’re forced in Iran) “but we will address that later,” one miffed bearded organizer noted.

“And no, we are not allowing Iranian women to be used as a pretext here in Germany to defy the so-called sanctions you speak of,” another organizer added. “How could we? We like women. The humiliation, silencing, repression and stoning of them that takes place back home is grossly exaggerated in the West. And for the record, once again: We’re not developing any nuclear detonators, warheads or weapons of any kind either, just in case you were wondering.”

“Wir sind wie Wasser – wir finden immer einen Weg”

German Solar Energy Firms Still Waiting For Sun

November 9, 2011 By Hermann Observer in Heconomy, Helplessness, Hi-tech Tags: Alternative Energy, Atomic energy, Berlin, Economics, Economy, German, Germans, Germany, Humor, Nuclear energy, Satire, Solar energy, Subsidies 2 Comments

And it’s November now, too. Ever spent a November in Germany?

The once “model company” Roth & Rau is the latest victim of… Was eigentlich (of what)?

“Solar companies have relied on tax credits or other forms of subsidy for their customers to buy and install the product.” These subsidies are now drying up in Germany. Hmm. Might there be a connection here?

“The logic was that as the price of oil goes up it generally benefits the oil companies but also creates more perceived need for solar products. When oil prices went down it generally hurt oil companies but created less urgency for solar products.” Well, that dynamic doesn’t seem to apply anymore.

Maybe this will all change again once the sun comes out. And once most of the solar energy companies out there have gone the way of the dinosaur.

Die Solarbranche steckt in einer schweren Krise: Die Nachfrage ist nach Förderkürzungen in mehreren wichtigen Märkten wie Deutschland und Italien eingebrochen. Gleichzeitig steigt das Angebot, weil vor allem in Asien etliche neue Fabriken eröffnet wurden.

Colonization From Outer Space Denied

November 8, 2011 By Hermann Observer in Heconomy, Helplessness, High Art, Hysteria Tags: Aliens, Berlin, Economy, EU, Euro, German, Germans, Germany, Humor, Satire, The Euro Crisis, The Financial Crisis, UFOs Leave a comment

Although the Obama administration has taken the time and effort to officially announce that the US government currently has no credible evidence backing up the claim that aliens have secretly colonized our planet, other sources point to a secret economic colonization of Europe now taking place by Germans, like currently already, as we speak so to speak.

These sources say: What we are witnessing is the economic colonisation of Europe by stealth by the Germans.

Once, it would have taken an invading military force to topple the leadership of a European nation. Today, it can be done through sheer economic pressure: it might be that within a few days the Germans — along with their French allies — will have secured regime change in the two most tiresome countries in the eurozone (Greece and Italy).

Perhaps the Germans, as the new masters of Europe, have been lulled into a false sense of security by Ireland’s response to the savage austerity measures imposed upon it in return for its bailout.

But there’s more: “Opinion polls now indicate more than 50% of the American people believe there is an alien-like German presence secretly taking over Europe and more than 80% believe the government is not telling the truth about this phenomenon. The people have a right to know. The people can handle the truth.”

So stay tuned or something.

Germany Will Lead!

November 4, 2011 By Hermann Observer in Habitudes, Health, Heconomy, Helplessness, History, Hypochondria, Hysteria Tags: Berlin, EU, Euro, Euro Crisis, Financial crisis, German, Germans, Germany, Greece, History, Humor, Psychology, Satire Leave a comment

But only from behind. It’s another one of those German schizoid personality disorder things.

When history dictates humility, and modesty proves so profitable, reticence endures.

Germans tell the pollsters they fear for their money—and then add that they like both Europe and the euro. They sense that it is cheaper to throw up firewalls than to pay for the devastation of the blaze. They bridle at rewarding the vices of the “Club Med” countries. But their real horror is to be left alone in Europe once more.

Referendum For Referendum On Referendum Called

November 3, 2011 By Hermann Observer in Hate, Heconomy, Helplessness, Hysteria Tags: Berlin, EU, Euro, Euro Crisis, Financial crisis, German, Germans, Germany, Greece, Humor, Satire 3 Comments

It’s getting ugly here, folks. Ugly and angry (and that makes everybody happy here).

“We’ve had enough!” Germany’s Bildzeitung readers read. “We’re spending hundreds of billions of euros to save the Greeks and now a referendum there should make clear whether they want to be saved at all. Now we want our own referendum: no more billions for the Greeks, Greece out of the euro!”

Place your vote here: “Yes, keep throwing money at them!” or “No, not another cent for bankrupt Greece, take the euro away!”

Die renommierte FAZ fragte gestern, „warum eigentlich die Griechen darüber abstimmen dürfen, ob sie gerettet werden wollen, nicht aber die Deutschen, ob sie und ihre Kinder für solche Zwecke Bürgschaften in Milliardenhöhe schultern möchten“.

Consulting the population? Are you crazy?

November 2, 2011 By Hermann Observer in Heconomy, Helections, Helplessness, Hypocrisy, Hysteria Tags: Berlin, EU, Euro, Euro Zone, Financial crisis, German, Germans, Germany, Greece, Humor, Satire 4 Comments

German politicians everywhere were shocked at Greek prime minister George Papandreou’s shocking decision yesterday to call a referendum on the latest greatest financial rescue package just put together by EU bureaucrats after marathon summit talks held in Brussels.

“One can’t help but think that the Greeks should be more grateful to selfless Europeans like ourselves who are only trying to help,” said one distraught Berliner politician. “Everybody knows that if you’re dumb enough to actually ask the people what they think about our grand European rescue visions they are very likely to speak their minds.”

A poll at the weekend showed nearly 60 percent of Greeks had a negative or partly negative view of the rescue.

What would Bernie Madoff do?

November 1, 2011 By Hermann Observer in Heconomy, Helplessness, Hysteria Tags: Berlin, Economy, Euro, Euro Crisis, Financial crisis, Frankfurt, German, Germans, Germany, Humor, Satire 2 Comments

Circular commitments lead to a Ponzi economy.

If the ECB announces that it is willing to lend, in unlimited amounts, to peripheral governments and to the European financial stability facility then the immediate crisis is at once “solved”. But at what cost?

If governments stand behind banks and banks stand behind governments and the central bank lends freely to both and also underwrites financial markets, then financial asset prices become completely detached from economic reality.

Observing Hermann

“Was interessiert mich mein Geschwätz von gestern?”

Category Archives: Heconomy