Export this

Tim Geitner surely meant well when he suggested that certain powerful G-20 export nations like Germany might maybe ought to want to cap their trade surpluses and deficits at 4% of GDP.  But well just isn’t good enough when dealing with the Germans (and their money).

German Economy Minister Rainer Brüderle quickly retorted however, warning against “planned economy thinking” and “macro-economic fine-tuning and quantitative target-setting,” whatever that means. “Eat me completely,” in other words.

Die Vereinigten Staaten kritisieren immer wieder den hohen Exportüberschuss von Deutschland und China.

Speaking of German cars…

Americans sure like buying them – again. Germans aren’t all that interested in them anymore, though (no more cash-for-clunkers).

Orders abroad are up 22 percent in May compared to a year earlier – with China and the United States providing the demand. We’ve been through this before, haven’t we (and again and again)?

“Die Bedeutung des US-Marktes nimmt wieder zu.”

This is Germany

Huh?

Germany’s President Horst Koehler has thrown in the towel for getting heat about having said this:

“In my view, however, I think our society is on the right path to fully understanding that a country of our size, export-oriented as it is, and therefore dependent upon foreign trade… In a country like ours we must also know that in doubt, in an emergency, military intervention will also be necessary to protect our interests. To keep free trade routes open, for instance, to prevent regional instability, for example, these are things that would otherwise have a definite negative effect upon our trade, our jobs and our income. Everything should be open for discussion here, and I believe that we are making good progress to that end.”

My, how scandalous. How could the pacifist citizens of the world’s third largest weapons exporting nation possibly take such shocking and unsavoury presidential provocations like this sitting down? They couldn’t take it sitting down, of course, so Horst had to step down.

This is just too ridiculous for me. Somebody please tell me what I missed here.

Germans and their torture instruments

Not only are Germans good at exporting expensive weapon systems, they’re also top-notch torture instrument exporters.

Or at least that’s what Amnesty International thinks they are. Of course Amnesty International also thinks that cold spinach is a torture instrument. Having to eat it, I mean. Which I guess it is, come to think of it. But still.

Nur sieben europäische Länder halten sich dem Amnesty Bericht zufolge an ihre Verpflichtung, Exporte derartiger Gegenstände öffentlich zu machen.

Ein Bombengeschäft

A bomb of a business, a roaring trade, a gold mine. And the same procedure as every year.

“Germany Now World’s Third Largest Arms Exporter.” Now? Been that way for years, folks. Get used to it already.

Pacifists. Can’t live with them, can’t live without them.

“When it comes to arms exports, few will be surprised that the US tops the list.”

Let’s champion something else for awhile

Although the title may be an unofficial one, it looks like its official now: Germany is poised to lose the title of world’s top exporter this year – to China (who else?).  The recession may be over here (or not), but the recession elsewhere continues to lower the demand for expensive German cars, machinery and other Teutonic stuff.

Only dummies would buy these cars.

In other words, the rest of the world is now doing what the Germans have been doing here all along: The cheaper the better. No, that’s not a dance, although it might become one.

“Germany’s trading partners are going more for cheaper products right now.”