Grossly Undervalued?

Grossly overvalued? The main thing is, gross.

Navarro

When it comes to the advantage that Germany has taken of the euro, Navarro is right about effect, if not motive.

The euro has been bad for German democracy and for German savers and may well ultimately prove to be a disaster for its taxpayers too, but it has been a boon for the country’s exporters. The euro is far weaker than the Deutsche Mark would have been (as was always likely to have been the case). This means that Germany’s decision to abandon its old currency in favor of the euro has acted as a disguised devaluation, a devaluation that has only deepened as the structural imbalances within the common currency have dragged the euro down still further.

Navarro sagte der “Financial Times”, Deutschland profitiere in seinen Handelsbeziehungen von einer “extrem unterbewerteten ‘impliziten Deutschen Mark'”.

US-Amerika

Beautiful German weapon sale of the week.

SIG

Because somebody has to admire them.

German weapons American made? Damn. This Trump guy means business, or what?

Die US-Army suchte ein „Modulare Handgun System (MHS)“ und SIG Sauer betont, dass sich an der Pistole mit üblicherweise 9-Millimeter-Kaliber die Größe der Pistolengriffe austauschen lässt und auch das Kaliber geändert werden kann.

Heckler & Koch Announces Bankruptcy Plans

German weapons manufacturing company Heckler & Koch has announced a major change of business strategy.

Guns

In the future the company will only sell its weapons to countries that are “unequivocally democratic” and “clearly not corrupt.” A frantic search has now begun by Heckler & Koch customer care professionals to locate any countries out there that might possibly meet these requirements before the liquidator is called in but the results have been less than encouraging and time is running out fast.

“Wir wollen nur noch solide Länder beliefern, also zweifelsfrei demokratisch, eindeutig nicht korrupt und in der Nato oder Nato-nah.”  

More Gun Control Needed

In Germany.

Gun Control

The citizens of this predominantly pacifist nation still refuse to address this very grave issue (no pun intended) in any meaningful way and therefore remain the world’s third largest exporters of deadly firearms.* Again and again and again. Like, when will they ever learn?

The only nations that export more arms than the Germans are US-Amerika and Russia, much more violent and less enlightened societies that have not yet learned to make atonement for their dreadful, awful pasts like Germany has – thus making it OK for them to be the world’s third largest exporters of deadly firearms, I assume. Es ist einfach kompliziert (it’s simply complicated) over here sometimes. No, make that all the time.

Die umstrittenen Lieferungen an Saudi-Arabien haben dazu beigetragen, dass Deutschland 2015 drittgrößter Waffenexporteur war.

*And tanks. And submarines. You know. And other stuff like that?

Oman

Beautiful German weapon sale of the week.

Oman

Because somebody has to admire them.

In January, Economy Minister Gabriel (SPD) said Germany may look harder at its arms exports to Saudi Arabia after the Gulf kingdom carried out its biggest mass execution for decades. In addition, Foreign Minister Frank-Walter Steinmeier (SPD) has repeatedly said that Berlin wants to deescalate tensions in the Middle East.