Zero-Sum Red Alert: Number Of German Millionaires Rising!

Germany is not only 1) a society based on envy, 2) Germans think that anyone else’s gain is automatically someone else’s loss and 3) they expect the wealthy to be punished for being wealthy. If they failed to be punished, then that would only encourage others to become wealthy too.

Money

World Wealth Report: Germany’s dollar millionaires on the rise – The number of Germany’s dollar millionaires rose by 100,000 in 2019, according to the World Wealth Report. The US had the biggest upturn, although the coronavirus crisis could change the upward trend.

PS: A new groundbreaking study published in the American Psychological Association Journal Emotion has just discovered that, on average, the more income someone makes, the happier they are.

The Decline and Fall of the German Empire

The German Automobile Empire.

Cars

Could 400,000 car industry jobs in Germany be lost? – The car industry is in apparent decline in Germany. Some estimates predict that half its 800,000 jobs will be gone by 2030. The industry disagrees with that estimate, but the road ahead looks bumpy.

“The production of electric vehicles can be automated more easily. If there is no improvement in the competitive position of the German industry in the area of electromobility in the next few years, and if the need for imports of battery cells and electric vehicles continues to grow in light of the launch of electromobility, employment structures will be severely hit.”

German Of The Day: Mohr

That means Moor. As in Moor wacky BLM bullshit.

Mohr

Moors were “the Muslim inhabitants of the Maghreb, the Iberian Peninsula, Sicily, and Malta during the Middle Ages. The Moors initially were the indigenous Maghrebine Berbers. The name was later also applied to Arabs.”

They were also black. You know, dark-skinned people? Or at least that is what the word Mohr is associated with in German. This, of course, has now led to a great big giant world-shaking problem in Berlin. Yawn.

What’s in a name? Berlin wrestles with past in metro station row – Transit authority to rename slavery-linked Mohrenstrasse after AN ANTISEMITIC RUSSIAN COMPOSER.

Get it? Me neither.

Some historians dispute the street name’s origins and argue the word Mohr is merely old-fashioned rather than derogatory.

The Regulator Failed?

Well, then let’s give the regulator more money and personnel.

Wirecard

To ensure that they keep on failing in the future? Government in action, folks. If it’s not too big to fail it’s too much of a failure to fail, I guess.

Germany to overhaul regulator after Wirecard scandal – Germany’s finance minister wants to beef up the nation’s financial regulator in the wake of the Wirecard scandal. The finance watchdog admitted its ineffectiveness in preventing the auditing disaster.

“If we come to the conclusion that BaFin needs more money, more jobs and more competency, I will make every effort to ensure that this happens.”

You’ll Be Pleading A Long Time, Joshua

And then all you’ll get will be some pious platitudes.

Hong Kong

China can do no wrong in German eyes – with all those dollar/euro signs in there.

Hong Kong activist Joshua Wong pleads for Germany’s support – Hong Kong pro-democracy activist Joshua Wong has called on Germany to intervene over a controversial new security law imposed by China. Police arrested hundreds after the law went into effect earlier this week.

“I ask the German government: Look at what is happening in Hong Kong and call it by its name.”

German Of The Day: Beschlossene Sache

That means it’s a done deal.

Troops

President Donald Trump has selected an option for withdrawing U.S. military personnel from Germany and redeploying those forces elsewhere, the Pentagon announced Tuesday night.

The movement of 9,500 U.S. service members from Germany resurfaces claims made by the Trump administration that the NATO ally has been “delinquent in their payments” to the alliance.

Der Abzug von rund 9500 US-Soldaten aus Deutschland ist beschlossene Sache.

That Would Be A Great Step Forward

America’s relationship with Germany may never be the same again, Berlin warns.

Germany

Defense spending, a brewing trade war between the U.S. and Europe and the threat of U.S. tariffs on German car exports are all bones of contention, as well as the mega gas pipeline Nord Stream 2 (a German-Russian project) and, most recently, the Group of Seven (G-7) alliance and the U.S.’ decision to withdraw troops from Germany.

The Germans don’t want to cooperate, not in any of these areas and they’re playing the victim by putting all the blame on Dr. Evil. It’s  a pretty easy tactic to see through and its been quite successful up until now. They got themselves into this mess, however. Germans always want an Extrawurst (an extra sausage, something for nothing). Trump sees this and is pointing the finger in the right direction. The Germans know that he sees this and they don’t like having been caught.

“We’re protecting Germany and they’re delinquent. That doesn’t make sense.”

“Collective Response?”

Most likely, if it’s directed against US-Amerika everybody jumps on board.

Germany

Germany Weighs Measures Against U.S. Over Nord Stream Threat – The 1,200-kilometer (745 mile) pipeline under the Baltic Sea, designed to pump Russian gas directly to Germany, has triggered deep division between EU member states. But the prospect of a direct U.S. intervention in the 27-member bloc’s energy interests should prompt a collective response, said the officials, who asked not to be identified.

“The government is called upon to develop and put forward proposals for a measured, clear reaction on behalf of Germany and the European Union.”

German Of The Day: Dax-Zombie

That means DAX zombie.

DAX

For the first time, a DAX company, Wirecard, has gone broke but won’t be kicked out of the index until September.

Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive.

The digital payments company said in a statement Thursday it had opened legal proceedings in Munich “due to impending insolvency and over-indebtedness.” Share

Mit Wirecard ist zum ersten Mal ein Dax-Konzern pleite gegangen. Aus dem Leitindex fliegen dürfte der Konzern aber erst im September.

Everybody’s Doing It These Days

Another import from evil US-Amerika that one absolutely, positively has to have?

Riot

Germany: Riots and looting grip Stuttgart – The southwestern German city has seen a night of rioting and looting, with several police officers injured as hundreds of people took to the city center. “The situation is completely out of control,” the police said.

The media is still pretending not to know who is behind it although everybody in their right minds who aren’t on the left already know.

Teile der linken Szene überschreiten hier gerade Linien, was wir für Stuttgart bisher so nicht gekannt haben.”