Bank Bad But Accounting Worse

October 31, 2011 By Hermann Observer in Heconomy, Helplessness, High Art Tags: Banking, Berlin, Finance, Financial crisis, German, Germans, Germany, Government Regulation, Humor, Regulation, Satire 2 Comments

This is government regulation in action, folks. Nationalize the banks? You betcha. State-owned banks are clearly the way to go.

“Germany is €55bn richer than it previously thought because of an accounting error at state-owned bank Hypo Real Estate Holding.” You see? The government really can make money out of nothing (and the chicks for free).

To be fair though, what’s 55 billion euros these days? And this mistake could have happened to anybody: “Collateral for derivatives wasn’t netted between the asset and liability side.” In other words, a government expert mixed up the + with the -.

The finance spokesman didn’t directly comment on the accounting error.

American Dream Dying In German Publication For 4387th Time

October 30, 2011 By Hermann Observer in Habitudes, Heconomy, Helplessness, Hysteria Tags: 99 Percent, Berlin, German, Germans, Germany, Humor, Protest, Satire, The 99 Percent, The American Dream, The Financial Crisis 4 Comments

This just in from Hamburg: The US has entered a second Gilded Age, but one in which hedge fund managers have replaced oil barons — and it is killing the American Dream.

And not even the 99 percent (nor Triumph, their Insult Comic Dog) can do anything about it.

Here are a few of the article’s more fascinating, never-yet-revealed-before mysteries behind America’s unsolved perpetual decline and fall:

“We are the 99 percent” is a development that has shaken the world’s most powerful nation to its core (and here I thought it had been the subway line underneath our street).

Inequality in America is greater than it has been in almost a century (wow, I had no idea that inequality was that much worse now than it had been back in 1911, had you?).

Wealth disparity is greater in the US than in Tunisia or Egypt (but our disparity has a much longer democratic tradition or something).

The major economic expansion under President Ronald Reagan benefited only a few, and the problem only grew worse under George W. Bush (but those Clinton and Obama years really rocked though/still rock, don’t they?).

Although the productivity of the US economy has increased considerably since the beginning of the millennium (despite everything having grown worse under George W. Bush?) , most Americans haven’t benefited from it.

The United States has developed into a winner-take-all economy (can they take all our debts with them while they’re at it?).

The extreme deregulation of today’s financial and economic system makes it impossible for individuals’ self-serving behavior to ultimately contribute to the prosperity of society as a whole (that Adam Smith was like such a dolt).

Differences between rich and poor are tolerated as long as the rags-to-riches story of the dishwasher-turned-millionaire remains theoretically possible (so if it stays practically possible toleration time is over or what?).

“In the first Gilded Age, the streets were flooded with protest movements.” Manhattan hasn’t yet quite reached that point.

Has America become an oligarchy!?!

We Hate Being The Hegemon

October 28, 2011 By Hermann Observer in Habitudes, Heconomy, Helplessness, History, Hurt Feelings, Hypocrisy Tags: Berlin, Debt Crisis, EU, Euro, Europe, Financial crisis, German, Germans, Germany, Hegemony, Humor, Satire Leave a comment

But somebody has to do it.

It wasn’t all that long ago that Germany knew how important it was in Europe but kept its mouth shut about it (while pulling the strings behind France’s back). Those days of semi-credible falsche Bescheidenheit (false modesty) are over, sort of. Now they continue to refuse to lead openly, but still pull the strings. Only France isn’t standing there anymore.

As shown once again during yesterday’s latest “rescue” of Europe, Germany makes the decisions while France still holds the press conferences, but the absurdity of this show is starting to lose a lot of its regular viewers. This formula has jumped the shark, in other words.

But as long as major contradictions keep on coming, everybody here in Germany is happy. You remember, don’t you? Germany fled into the EU to protect itself from itself (there was something about World War II a few years ago). Now it dominates Europe through its sheer economic power anyway, but still psychologically/socially/institutionally traumatized (and loving it), refuses to openly take the role history has assigned it. It prefers instead to publically turn its back on Europe (nobody on the street in Germany truly undestands or much cares about Europe) and concentrate instead on more important things at home like solar energy, local elections and not hurting coalition partners’ feelings.

In other words, Germany may clearly call all the shots now, but it still refuses to lead. Which is kind of clever, if you think about it. When everything ends up going tango uniform later, it wasn’t Germany’s fault.

Mit politischer Macht verhält es sich wie mit Millionen von Euro auf dem Konto: Man spricht nicht darüber.

A Leaner Non-Fighting Force

October 27, 2011 By Hermann Observer in Habitudes, Heconomy, High Art, Hypocrisy Tags: Berlin, Bundeswehr, Defense Industry, Exports, German, Germans, Germany, Humor, Military, Satire, Weapons industry 2 Comments

Germany has announced 31 military base closures and the significant scaling back of 90 others as part of a major overhaul of the country’s armed forces which everybody here knows will never be used in any real combat situations anyway.

“Cuts or not, the German military must remain able to not deploy in an entire range of situations,” one high-ranking, unnamed Bundeswehr official said.

“This includes in particular missions in dangerous armed conflicts as well as high-intensity combat missions our government will regularly forbid us to participate in.”

When asked if these cuts might have a negative effect upon German defense industry firms involved in the extremely lucrative production of systems like the Eurofighter combat jet, the A400M military transport plane and the Leopard 2 and Puma tanks, to name just a very few, the official reassured all who cared to listen that the German military will do all in its power to seek other options to extend the orders for such weapons and will most certainly continue to order more of the same in the future.

“Our function as alibi army for the German defense and weapons export industry will continue to be our number one priority,” the official said, clicking his heels loudly or something.

The elimination of the draft will require making a career in the military more attractive in a country where part of the population is skeptical of military interventions. Germany didn’t support the international campaign in Libya.

99% Plus 53% Makes How Much Percent?

October 24, 2011 By Hermann Observer in Hard Facts, Heconomy, Helections, Higher Education Tags: 53%, 99%, Berlin, German, Germans, Germany, Humor, Occupy Berlin, Occupy Wall Street, Satire 5 Comments

Now that it’s getting cold and wet on Wall Street (and elsewhere) the 100% of the 99% are beginning to reevaluate whether or not they will be able to continue whining at 100% or whether it might not be better for them now to just shut up already and start biting the bullet like that ugly 53% does.

There could never be a 53% movement in Germany, you know. Germans are always in the upper 80s to lower 90s.

53 Prozent, weil dies die Menge derer sei, die mehr Einkommensteuer zahlen, als sie an Abschreibungen und sonstigen Entlastungen zurückbekommen. “Wir sind diejenigen, die für diejenigen zahlen, die sich gerade über dieses und jenes und irgendwie alles beschweren.”

Revolutionary Masses (Yearning To Be Seen)

October 23, 2011 By Hermann Observer in Habitudes, Heconomy, Helplessness, Hysteria Tags: Banking, Berlin, Finance, Financial crisis, German, Germans, Germany, Humor, Occupy Berlin, Occupy Wall Street, Satire 1 Comment

Hampered by nice weather and apathetic compatriots who actually have to work for a living, a massive crowd of some 300 (three hundred) global democrats and worldwide social revolutionaries nevertheless managed to occupy the city of Berlin over the weekend again already.

Denouncing banking and financial industry practices and other unspeakable injustices of the new century – and possibly having been inspired by something called the “Occupy Wall Street” movement in New York (the weather there is less nice at the moment I’m told) – the German revolutionary masses doing the occupying this week were notably smaller than the already rather puny ones amassed at German protests a week ago, but still.

“Derweil will die OccupyBerlin-Bewegung nach eigenen Angaben ihre täglichen Mahnwachen vor dem Bundestag fortsetzen. Seit Sonntag vergangener Woche kämen zwischen 100 und 200 Teilnehmer.”

Germans Puzzled By Rising Electricity Prices

October 20, 2011 By Hermann Observer in Hard Facts, Heconomy, Hysteria Tags: Atomic power, Berlin, Fukushima, German, Germans, Germany, Nuclear power, Renewable energy, The Greens 4 Comments

They are also puzzled about the increased number of “mini-blackouts” taking place across the land.

And no one can properly explain these mysterious phenomena, although the Internet portal Verivox gave it a halfhearted try: The increased share in the costs for renewable energy and the ten percent wholesale energy price increase which resulted after the shutdown of eight nuclear power plants this sommer are responsible.

To be fair, electricity prices rise here very year. To be unfair, most German media and the poltical elite refuse to admit that the price increases now taking place are a direct result of their hysterical nuclear phase-out Aktionismus (politicking).

Als Grund gab Verivox die gestiegene Umlage für die erneuerbaren Energien sowie die Erhöhung der Großhandelspreise an, die für rund 15 Euro Mehrkosten im Jahr verantwortlich sein werden. Die Großhandelspreise waren nach der Abschaltung von acht deutschen Atomkraftwerken im Sommer um rund zehn Prozent nach oben geschossen.

The Scam That Keeps On Giving

October 18, 2011 By Hermann Observer in Habitudes, Hard Facts, Health, Heconomy, Helplessness, High Art, Hustle (Hoax), Hypochondria, Hysteria Tags: Berlin, Early Retirement, German, Germans, Germany, Humor, Hypochondria, Retirement, Satire, Scams, Shams 6 Comments

Word has clearly gotten out now. What used to be a Geheimtipp (insiders’ tip) has now become a full-fledged and nationally recognized Volkssport (national sport): Early retirement due to mental illness.

Up some 6,000 from the previous year, more and more Germans (71,000) are now being “forced” to retire early each and every year because they suffer from things like anxiety disorder, generalized anxiety disorder, multiple generalized anxiety disorder, mega ultra super mulitple generalized really really bad anxiety disorder and other such imaginary diseases.

In fact, being mental is now the number one main excuse used to have to go into “involuntary retirement” in Germany, with the average age of these hapless victims being 48, by the way.

Fear industry profiteers, I mean experts, are happy to report that the increased number of diagnosed cases is due to a greater willingness of sufferers to openly admit their problems, although none of these experts are able or willing to explain where this sudden willingness comes from.

Über das Thema werde jetzt “offener geredet und deshalb diagnostizieren Ärzte jetzt eher psychische Ursachen von Leiden.”

Germans Mobilizing For World Financial Revolution

October 16, 2011 By Hermann Observer in Heconomy, Helplessness, Hypocrisy, Hysteria Tags: Berlin, Financial crisis, Financial Industry, Frankfurt, Germans, Germany, Humor, Occupy Frankfurt, Occupy Wall Street, Satire 1 Comment

Man oh man is this country ever ripe for revolution again already.

Literally a dozen or two protesters took part in the “Occupy Frankfurt” campaign a week or two ago and some reports indicate that a few of them even stayed there to continue protesting overnight. And that was just the start of it, folks. There were surely even dozens more occupying Frankfurt during protests now being held against the ECB this weekend although I’m having trouble finding news reports covering them because most Frankfurters leave Frankfurt over the weekend, it seems, as nobody here really seems to care.

One has to stop for a minute and consider the dreadful conditions under which the German people have to live in order to really understand why “casino capitalism” opponents will soon be taking down the financial world as we know it (or at least the German one). Unemployment is drastically lower here than in the US, for instance (and the unemployment rate keeps on dropping), but still. Obama is still Mr. Clean over here and always will be (so he can’t be the ineffectual disappointment that many of his compatriots are now taking to the street about). And despite the fact that “the ECB is one of the most powerful democracy-free zones in the EU and has acted in accordance with the interests of the financial industry for years,” many a thinking German financial expert can’t understand “why the ECB, of all financial institutions, should be declared the root of all evil rather than, say, Deutsche Bank or the Frankfurt Stock Exchange.”

No matter. This revolution is another in a long line of historical necessities and it is time for all of us to prepare for the coming cataclysmic change. It will not be televised, however. The ratings are simply too low.

One other important element is lacking in Germany: disappointment over Barack Obama, the man many Americans had pinned their hopes on to improve their society.

Arson Attacks Disrupt Berlin’s Disrupted Rail Traffic

October 12, 2011 By Hermann Observer in Heconomy, Helplessness, Hypocrisy, Hysteria Tags: Berlin, Bombs, German, Germans, Germany, Hauptbahnhof, Humor, Leftist Terror, Satire, Terrorism, Weapons Exports 2 Comments

Sort of. With some 2000 trains now running late in Berlin after the discovery of seven homemade explosives along the city’s railways these past three days – and none of the passangers having noticed yet because trains are always late here – the leftist peacenik terrorist group responsible for the diabolical attacks has confirmed that it would have caused “like considerable way more damage and maybe even have managed to blow something up big time if any of the freakin’ trains to be attacked would have been on time like for once already.”

But still… “This morning we slowed down the German capital and its function as a global player in the export of armaments,” said a statement from the group released Monday on a leftist website.

Observing Hermann

“Was interessiert mich mein Geschwätz von gestern?”

Category Archives: Heconomy