German Of The Day: Steuereinnahmen

That means tax revenues.

How’s it go again? The bigger they are, the harder their tax revenues fall? Jeepers. I wonder why tax revenues would be falling in Germany these days. It’s not like businesses are only just beginning to go bankrupt thanks to Germany’s dependency on Russian gas, Green utopian make-believe, skyrocketing energy costs and the resulting crazy inflation. It must be something else.

German tax revenues fall in August for first time this year – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first time this year, the finance ministry said on Thursday.

German Of The Day: Widerspruch

That means contradiction. This is a word that is in constant demand in Germany.

Germany’s Energy Crisis Plan Contradicts Itself – The German government is desperately trying to conserve gas—and subsidizing its use.

Germany’s self-imposed target is to cut back gas use by 20 percent, which is roughly the shortfall caused by Russia’s discontinuation of gas supplies amid its war in Ukraine. Yet…

The federal government has said it will set price caps on gas and electricity by the end of the year. So… Contrary to the greater goal of throttling back consumption, price caps and subsidies will have a positive effect on demand. By easing the burden on consumers, they dilute the price signal to save. “This increases the risk of brownouts and blackouts over the winter,” said Toby Couture of the energy consulting firm E3 Analytics, “as citizens and businesses consume more power than the system can effectively supply.”

German Of The Day: Alarmstufe Rot

That means red alert.

Red alert for the German economy. After months of speculation, it is now official: Russia is turning off the gas tap on the Nord Stream 1 pipeline indefinitely. Germany is facing difficult times. Not only a cold winter is looming, but an industrial ice age.

German economy to shrink all winter as gas taps are turned off, Bundesbank says – The German economy is contracting already and will likely get worse over the winter months as gas consumption is cut or rationed, the country’s central bank said on Monday.

Germany To Begin Refining Oil That Doesn’t Exist

Once Russia turns off the supply. If it hasn’t already.

Germany takes control of Russian-owned refinery – The German subsidiary of Russian oil giant Rosneft was placed under trusteeship, giving Germany’s federal regulator control of a key source of fuel for Berlin.

The German subsidiary of Russian oil giant Rosneft was placed under trusteeship on Friday, giving Germany’s federal regulator control of the PCK refinery in Schwedt, a key source of fuel for the city of Berlin…

Rosneft Deutschland accounts for about 12% of Germany’s oil processing capacity and is one of the largest oil processing companies in the country, the ministry said.

We’re Just The Government

We only create the inflation. We’re clueless when it comes to knowing how to stop it.

Anybody out there have any ideas?

German government tasks experts with proposing inflation-busting ideas – he German government will establish a committee of experts and task them with coming up with policy proposals to combat the soaring cost of heating and gas, Chancellor Olaf Scholz said on Thursday.

German Of The Day: Verstaatlichung

That means nationalization.

Sound familiar? Ever more “We’re from the government, and we’re here to help” from the people who created the problem in the first place.

Gas importer Uniper in nationalisation talks with German government – Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues.

The German state took a 30% stake in the group in a rescue package in July, amounting to about €15bn. Credit lines were further extended by about €4bn last month but the situation has worsened since Russia severed gas supplies to Germany via the Nord Stream 1 pipeline, forcing Uniper to find alternatives.

The Next Berlin Airlift?

Only without the allies flying everything in. What could possibly go wrong?

Scholz channels Berlin Airlift spirit to gird Germans for winter – Chancellor Olaf Scholz invoked the spirit of the Berlin Airlift on Tuesday to implore Germans that “the seemingly impossible can succeed”, urging them to brace for a tough winter and to rise to the challenge of a shift in energy supply away from Russian gas.

He spoke to business leaders at Tempelhof Airport, which was the focal point of the Airlift between 1948 and 1949, when Western forces flew hundreds of thousands of tonnes of supplies into divided Berlin after the Soviets blocked rail and street access to the city’s Western-occupied sectors.

Country That Uses Broomsticks For Training Aiming To Take Up Leading Military Role In Europe

Unable to even meet their NATO commitments now, the Germans feel the time has come to play an even greater role militarily.

Defense minister Christine Lambrecht said Germans had got used to seeing the nation’s military as just a kind of disaster relief agency, but “those times are over.”

Now the disaster will become more proactive or something? It’s always a joy to watch. Germans pretending that Germans would ever use their military to defend themselves, much less anyone else. The Bundeswehr‘s sole purpose is to be the alibi army; the excuse for Germany’s monsterous and highly profitable weapons industry. No one here takes this woman’s comments seriously.

Germans Thinking About Reducing Their Dependency On China

Why on earth for? It worked great with Russia.

German economy ministry reviews measures to curb China business – Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.

The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there, those people said. Loans from state lender KfW could be re-directed to projects in other Asian countries, such as Indonesia, in line with attempts to diversify trade and increase business with democracies.

German Companies Just Aren’t Green Enough

Otherwise they wouldn’t be going broke like that.

Get with the plan and get back to nature already. Let them eat green cake or something.

German economy minister under fire as German companies sound alarm on energy prices – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.

Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”