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.

We’ll Miss You

Not. And don’t let the door hit you on the way out.

Gabriel

German Foreign Minister Sigmar Gabriel has been informed that his services will no longer be needed in the next awful German coalition government. They will manage to be awful enough without him.

The reason for this being the replacement of this annoying whiner by a comrade of his who whines even better, or penetranter (more overpoweringly), as the Germans like to say; Heiko Maas. This guy is a natural born wonder-whiner whose whining has even been know to shatter whine glasses. He’s wearing a pair of whine glasses right now, by the way.

So, in other words, he’s the perfect pick to be Germany’s Foreign Minister. Nice work if you can get it, I guess. It’s not like you ever actually have to do anything. Other than a little whining, I mean.

Der bisherige Justiziminister Heiko Maas wird offenbar Außenminister in der nächsten Regierung unter Kanzlerin Merkel.

Enthusiasm?

Where’s the enthusiasm? That’s what Spiegel Online asks regarding Germany’s next coming grand coalition government.

Enthusiasm

I know that’s not a serious question but how could there possibly be any enthusiasm for the forming of a government that the electorate expressly voted out of office just a few months previously? Everybody but Merkel & Co. are depressed about this depressing matter and are going to stay that way until the new GroKo government – that isn’t even in power yet – finally exits the political stage  for good.

Imagine that. You aren’t even in office yet and everybody already hates you. That’s never happened before, right?

With the Social Democrats having approved a new coalition with Chancellor Angela Merkel, Germany finally has a government. Despite the breakthrough, however, enthusiasm is in short supply in Berlin.

“Muttiland” Does Have A Nicer Ring To It

But not even Mutti wants to remove Vaterland (fatherland) from the German national anthem. And if Mutti don’t want it, ain’t nothing going to happen. “Equality czar” or not.

Muttiland

Equality czar? What is that? Why don’t they introduce a common sense czar instead? They could call him the sense czar. And he could get rid of all this nonsensical sense-czar-ship going around here these days.

Germany’s equality czar wants to remove words like“fatherland” and “brotherly” from the country’s national anthem, following Canada and Austria in adopting gender neutral phrases.

Kristin Rose-Moehring, equality commissioner since 2001, made the proposal to strike male-specific references from the anthem in a letter to staff at Germany’s family ministry ahead of International Women’s Day, German media reported on Sunday.

Ahead of Women’s Day? How you figure? Every day is Women’s Day over here.

Die Kanzlerin sehe “keinen Bedarf einer Änderung.”

PS: I’m going to ask this woman to look into “mother nature” while she’s at it. It irks the hell out of me every time I hear somebody use that term. The nerve. Person nature will do just fine, thank you.

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.

Wacko Level Three

It’s gone completely wackodelic, captain. I don’t know how much longer the ship can take it!

Wackodelic

Really enlightened Berlin activists (all activists are enlightened, of course, but you can tell the really enlightened ones by that weird gleam in their eyes) are now instructing us to become shoplifters for humanity. Upset about the conditions under which chocolate, bananas, orange juice and other products are harvested and/or produced, they are calling on us to begin stealing this stuff from our local supermarkets. The money we save by doing so will then be donated to those who deserve it. They mean us thieves are supposed to donate it, of course.

Think of Robin Hood except with a big coat at your local Safeway. Oh, the humanity of it all. It gives me goosebumps. No, wait. That’s a nasty rash. I’m going to run over to Aldi real quick and steal some skin creme or something. For the needy, you know? I’m just sayin’.

Schokolade, Bananen, Orangensaft: Viele Lebensmittel werden unter zweifelhaften Bedingungen hergestellt. Jetzt provozieren Aktivisten mit dem Aufruf, die Waren im Laden zu stehlen – und das gesparte Geld an die Produzenten zu spenden.

“Merkel Says That’s Wrong”

Wrong, that a German food bank charity has barred migrants who she let into the country from receiving free food.

Wrong

But it’s not wrong that these same migrants – who are already provided for by the German state – have managed to create “an increasingly aggressive atmosphere that scared locals” at the place in question?

And it’s not wrong that Angela Merkel and her government are leaving the German citizens who live in this community high and dry, without any additional assistance? Not wrong that a private charity has to provide this assistance in the first place because the German state has to spend the money it takes from taxpayers somewhere else (see migrants above)? Not wrong because if it weren’t for the countless German volunteers who jumped in to help handle this migrant mess she caused the entire country would be in REAL chaos right now (the German government would never be in the position to handle these numbers alone)? What is wrong, however, is that she is still in power (longer than Hitler now, by the way) and not working at one of these charities herself.

“If you fight back, you’re a Nazi.”

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.