Germany Will Lead!

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

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?

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?

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.

American Dream Dying In German Publication For 4387th Time

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!?!

Evil Internet Giant Now Within City Limits

Google Inc., that highly mistrusted and ruthlessly vilified corporate world dominator and spy on all things German (I got two words for you here: Street View), has just done an end-run around sleeping data privacy officers stationed at Berlin’s city gates and bought its way into Humboldt University itself by funding a new so-called Institute for Internet and Society, supposedly “based on a philosophy of openness and open access” which will “explore the impact of the digital age.”

Yeah, right. We all know what they’re really up to (or at least you do, I assume). Just don’t come crying to me later and say that I didn’t warn you. The next thing you now Googlezilla will be “approaching the power plant.”

Google Inc. has committed €4.5 million ($6.26 million) to the institute for the first three years as part of its recent push to invest in Germany, which has often been critical of the Internet giant’s practices.

Revolutionary Masses (Yearning To Be Seen)

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.”

ROSAT Soon To Become ROASTSAT

The defunct and smashingly successful 2.7-ton German ROSAT satellite will finally be making its fiery, uncontrolled and less than successful re-entry into our planet’s atmosphere sometime within the next 48 hours.

Important questions to answer here are (there is actually only one): What are the odds that a piece of ROASTSAT debris will hit someone?

Unless you are a German, the likelihood of getting injured as a result of ROASTSAT’s re-entry is extremely low. The probability of a non-German speaker somewhere on Earth getting hit is about 1 in 2,000. Those odds are for any one of the nearly 7 billion people (minus 80 million Germans) on the planet.

The odds that debris will hit you in particular — or your dog, say, unless he or she is a German Shepherd — are still just one in several trillion.

Experten warnen: Teleskop-Spiegel wird zur Bombe.

Germans Puzzled By Rising Electricity Prices

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

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.”