Ultra-Safe German Government Debt?

It’s good to be the king. Isn’t it?

King

More than half of all German government debt with more than one year maturity is now trading negative.

Investors have been warned of dangers of holding German government debt, as unprecedented central bank easing sends the country’s 10-year borrowing costs towards zero.

“If you look at bunds in anything other than the shortest possible timescale, the risk becomes very clear.”

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Why Germans Always Pay Cash?

Like, duh. Because they’re the ones who have it all.

Cash

But the real point isn’t that Germans love cash. It’s that—for the same historical reasons—they loathe debt. (Armchair anthropologists have also long noted that German word for debt—Schulden—comes from the word for guilt, Schuld.)…

In other words, the German tendency to settle up in cash undeniably reflects the fact that for much of the last century, Germany has been either on the brink of, in the midst of, or struggling to recover from, disaster. And traumas like that are bound to leave, if you’ll excuse the pun, a mark.

Why Are Filthy Super-Rich Germans So Low-Key About Their High Finance?

Well, for one thing, they know better than anyone that they live in the notorious German Neidgesellschaft.

ALDI

And for another thing… The figures show that private wealth in Germany is more unevenly distributed than in any other country in the eurozone. While the richest 1% have personal wealth of just short of one million euros on average, a quarter of adult Germans have no wealth or even owe money.

ALDI schönen Sachen!

Bio Business Big Bad Business

Everybody buys Bio (organic) here. You know, like with real, non-organic money? It’s not just for the bio bourgeoisie anymore.

Bio

So don’t watch that there “Bio-Illusion” documentary on Arte if you can help it, folks. Not even if you can go back in time to yesterday to see it when it was on, I mean. Which you can’t, I bet.

Those who believe that organic farming is the work of some sinister food mafia will only be reinforced after watching the documentary “Bio-Illusion.” The others will be angry, with good reason.

Wo Bio draufsteht, muss noch längst nicht Bio drin sein.

PS: Speaking of the organic illusion, here’s another one for you here made in the US of A.

Eat More Rich People!

Germans should be ashamed of themselves. Again, I mean. The amount of personal wealth just keeps on rising here – another 79 billion this past quarter – and has reached yet another historic level. The Germans, it seems, have never been richer. And this, as we all know, is a bad thing.

Rich

Haven’t you people ever heard of Umverteilung (redistribution) over here? What do you need all that damned money for? It’s not like it’s yours or anything. Well it is but it isn’t, if you know what I’m sayin’. And who says it doesn’t stink? It stinks that you still have it. What you folks need is leadership like we have now been graced with in New York City itself. You’ve already got all the tax loopholes you’ll be needing so roll up your sleeves and let’s get this party started!

Im vierten Quartal 2013 wuchs das Vermögen der privaten Haushalte in Form von Bargeld, Wertpapieren, Bankeinlagen oder Ansprüchen gegenüber Versicherungen im Vergleich zum Vorquartal um rund 79 Milliarden Euro oder 1,6 Prozent auf den historischen Höchstwert von 5,15 Billionen Euro, teilte die Deutsche Bundesbank mit.

Germans Don’t Trust German Politicians

But German politicians do.

Bundestag

That’s why they just gave themselves a big raise. They’ll now be receiving 830 euros a month more and take in over 9000 (not counting all the other benefits, of course). And this particular Bundestag vote was 464 yes, 115 no and 10 abstentions.

Firemen, paramedics and nurses are held in high regard in Germany and 22 other countries, a current study says. People trust them the most. Only 15 percent of Germans trust politicians, however.

Feuerwehrleute, Sanitäter und Krankenpfleger sind in Deutschland und weiteren 22 Ländern hoch angesehen. Ihnen vertrauen die Menschen einer aktuellen Studie zufolge am meisten. Nur 15 Prozent der Deutschen vertrauen den Politikern.

Franz-Peter Tebartz-van Bling

I mean Tebartz-van Elst, of course.

Bling

“I got your church and state for ya right here, pal.”

What’s all the excitement about? Religious Germans contribute freely to their churches. It’s not as if the money this guy burned had been levied by taxation or anything. Uh, wait a second. OK. So I guess it had been.

Germany separates church and state much less clearly than does America but more explicitly than Anglican Britain or Orthodox Greece. Its post-war constitution, in a clause carried over verbatim from the Weimar constitution of 1919, favours no particular faith but lets all churches levy taxes on their members through the income-tax system (8% or 9% of a taxpayer’s bill, depending on the state).

Next Troubling Demographic Development Stuns Germany

As if Germans did not have enough to worry about already, a study from Credit Suisse has just confirmed that more than 1.7 million German citizens are now living above the millionaire line.

Wealth

In fact, despite the so-called financial crisis, the amount of personal wealth has nearly doubled here since the year 2000.

German experts are grappling to find a sufficient explanation for this troubling development, as the causes of excessive German wealth were hitherto thought to have been fully understood and firmly under control.

With the release of these new findings, however, it appears as if some sources of this disgusting German wealth may be attributable to certain socio-demographic characteristics or other social, political, economic and cultural factors that may not have been fully comprehended up until now.

“This is absolutely shameful,” one grudging expert said. “It is an absolute outrage that wealth like this could exist in such an advanced and envious society as ours. We will not tolerate it and we shall never cease our efforts until the causes for this injustice are found and alleviated.”

Seit Mitte 2012 seien 221.000 Menschen hinzugekommen; insgesamt lebten in Deutschland nun gut 1.735.000 Dollar-Millionäre.

It’s Good To Be The German

In case you didn’t know it, Germans are sitting on a big honking tremendous pile of money.

The Bundesbank thinks that German private households are in posession of ein paar tausend Milliarden or “a few thousand billion” euros (stick with that, believe me: Billion is Milliarde in German, trillion is Billion). They’ve got more set aside now then ever before, in other words; some 4.7 trillion euros.

And the punch line is that they seem to have invested most of it at those awful horrible dreadful banks they like to despise so much (they make big banks even bigger, you might say). Investments in real estate haven’t even been calculated here, by the way. Rereading this is starting to make my stomach hurt.

Privatleute vertrauen Vermögen den Banken an.