Is Possession Really Nine-Tenths Of The Law?

Strange. Stored abroad since the Cold War in case of a Soviet invasion, nearly half of Germany’s gold reserves are stored in the United States.

Stranger still: The Bundesbank or other independent auditors have never actually physically checked the gold’s authenticity or weight but have relied on “written confirmations by the storage sites” instead.

Now folks are starting to, you know, wonder (paranoia runs deep)? Hey, central banking at its best is all I can say. It’s not that we don’t trust you, it’s just that we don’t trust you.

“Ein Teil der Diskussion in Deutschland ist schon einigermaßen grotesk.”

US-Amerika In Decline Yet Again

Clearly disappointed in last night’s debate for some inexplicable reason, one leading German mind policeman has hurried to remind his countrymen that the United States is still, after all, a “global power in decline” which now appears to be “stuck in the Bush worldview,” whatever that is.

A buddy of his at the same German news organ also rushed to explain that President Obama, being a man of peace or something, did not want to have to fight and get all rude during the debates like he did but that the “unexpectedly close race” forced him to. I tell ya, life just ain’t fair sometimes.

With his centrist policies, Barack Obama tried to be a president for all Americans. But few in Washington were enthusiastic about his attempts to reach bipartisan compromise.

The Trend Is Republican?

Reported in a German newspaper? Openly? No sinister conspiracy theories? No ifs, ands or buts? I’ve seen it all now.

President Obama is under pressure: Surveys indicate that he is losing one state after another to Romney. He doesn’t have many chances left to turn the trend around.

Romney hat den Trend auf seiner Seite.

Merkozy This Is Not

How about Hollmerk?

The two capitals (Berlin and Paris) always begin from very different positions, whether there is a socialist or conservative administration in Paris.

The concern in Berlin is over what is seen as the absence of a clear strategy on eurozone reform from the new French government. There is a deep suspicion that France is happy to have a weaker euro, higher inflation, and a looser monetary policy than Germany.

Mr Hollande’s refusal to incorporate the recent “fiscal compact” into the French constitution is one reason that Germany is now pushing for every country to sign a bilateral budget “contract” with the European Commission, that can be enforced by a powerful budget commissar… But Paris regards Ms Merkel as being overly focused on building deeper European political integration in a way that ignores deep-seated reticence in France reflected in the 2005 referendum defeat of the then-planned EU constitution. 

Big Sister Assures Germans That 47-Percent Price Hike Actually Not Such A Bad Thing If You Think About It

Not.

Worried about grassroots unrest after Germany’s electrical grid operators announced they were nearly doubling the charge consumers will pay to finance subsidies for renewable energy as Germany phases out nuclear power, Big Sister herself has reacted boldly and decisively by going into hiding and pretending as if none of this were really happening.

Long used to this tactic, worried German consumers were assured, sort of, as they will now be paying an additional 60 euros per year, “taking overall add-on power taxes up to about 185 euros.” But that’s just the start, of course.

Sheesh. Why do Germans see everthing energy turnaround-related so negatively these days? You know, like as in black? Or like as in blackouts, I should say?

“The costs for consumers and industry of the electricity price charge for renewable energy has risen to an unbearable degree.”

Phase-Out Fizzling Out

Support for Germany’s Atomausstieg (nuclear phase-out) ain’t what it used to be, it seems. And it seems to have something to do with Geld (money), or something. With reality, in other words.

According to an Emnid survey, 77 percent of German voters asked say it is very important that energy costs remain affordable while only 53 percent care if the nuclear phase-out succeeds or not.

Welcome back to the real world, volks, I mean folks. Hey, you are here in Germany after all. And there is a clearly discernable pattern here. Once the first wave of hysteria is over, it always goes back to es darf eben nichts kosten (OK, but only as long as it doesn’t cost anything).

Für sie ermittelte Emnid auch, dass zwei Drittel der Bürger maximal 50 Euro pro Jahr mehr für Strom zahlen wollen.

Romney Still Bad

Germans weren’t fooled one minute by Mitt Romney’s impressive performance during the first presidential debate (just see photo below).

And now they are being reassured by German Presseorgane (press organs) that the sudden, completely unexpected and, well, near miraculous drop in the American unemployment rate to 7.8% will ensure that the right guy (as in left guy) will get re-elected after all.

Alles wird gut (everything will fall into place). Alles wird gut… Oder?

Noch nie wurde ein US-Präsident bei einer Arbeitslosenquote über acht Prozent wiedergewählt.

Electric Cars Have Already Reached A Whopping 0.01 Percent Of All Registered Cars In Germany

That’s some, uh, 4,600 vehicles. At this rate, the German government’s plan to have 1 million electric cars on the road by 2020 will be reached easily.

Or maybe not. Because those pesky German consumers still haven’t got the message and think that these babies are too expensive and don’t have a long enough range to make them attractive as, you know, as cars.

So that’s why the German government, flexible as it is, has now said that their goal of 1 million electric cars by 2020 (set last year) has now become a goal of 600,000 electric cars by 2020. I can’t wait to see what next year’s goal for 2020 will be like.

Damn. I’m impressed. This German Energiewende (energy turnaround) is getting easier and easier to reach all the time.

“If we don’t create incentives, then the whole thing is going to fail,” the Green party said in a statement.

German “Critical Thinking” vs. American Debate Culture

Here is another interesting German commentary by American Eric T. Hansen in Die Zeit.

I’d like to translate it all, but I can’t, so I won’t (no time). Here are a few highlights, though:

Critical thinking does not allow for self-criticism. Where would we be then?

Critical thinking is not debating, it’s finding concensus, or, as I call it, harmony nagging (Harmonienörgeln): Two people criticize a third person so long until the two become friends.

If I want to hear a new or even a different perspective on something, I have to turn to the Anglo-American press. Regarding certain questions – for instance whether nuclear energy, genetically modified corn or having Mitt Romney as president might also have certain advantages – many of my German friends are not even aware that two sides to these arguments even exist.

I too understand Mitt Romney’s positions quite well and suspect that he would make just as good (or bad) a president as Obama. In America that makes me an intellectual. In Germany that makes me a right-winger.

Everything is so serious for the Germans, and they need to know immediately: “Who is my friend, who is my enemy?” For Americans and their debate clubs, however, there is always an element of playfulness involved.

Auch ich verstehe die Positionen eines Mitt Romney gut und ahne, dass er ein ebenso guter (oder schlechter) Präsident wie Obama wäre. In Amerika macht mich das zu einem Intellektuellen. In Deutschland macht mich das zu einem Rechten.