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RAY McGOVERN: German TV Exposes the Lies That Entrapped Julian Assange

RAY McGOVERN: German TV Exposes the Lies That Entrapped Julian Assange

A major German TV network has aired an interview with the UN rapporteur on torture that reveals the invention of the Swedish “rape” case against Julian Assange.

Truth has broken through for those confused about how a publisher ended up in a maximum security prison in London with a one-way extradition ticket to court in the U.S. and the rest of his life behind bars.

One of the main German TV channels (ZDF) ran two prime-time segments on Wednesday night exposing authorities in Sweden for having “made up” the story about Julian Assange being a rapist. 

Until last night most Germans, as well as other consumers of “major media” in Europe, had no idea of the trickery that enmeshed Assange in a spider-web almost certainly designed by the U.S. and woven by accomplices in vassal states like Sweden, Britain and, eventually, Ecuador. 

ZDF punctured that web by interviewing UN Rapporteur on Torture Nils Melzer. One ZDF “Heute Sendung” segment (in German) is especially telling from minute 13:00 to 15:30 . The second is ZDF “Heute Journal” (minute 25:49 to 30:19.)

Both ZDF programs show Melzer being interviewed, with minimal interruption or commentary, letting his findings speak for themselves about how allegations against Assange were “made up” and manipulated to hold him captive. 

The particularly scurrilous allegation that led many, including initially Melzer, to believe Assange was a rapist — a tried and tested smear technique of covert action — was especially effective.  The Swedes never formally charged him with rape — or with any crime, for that matter.  ZDF exhibited some of the documents Melzer uncovered that show the sexual allegations were just as “invented” as the evidence for WMD before the attack on Iraq.

…click on the above link to read the rest of the article…

Germany’s overdose of renewable energy

Germany’s overdose of renewable energy
In this 2010 file photo, Germany’s Green Party leaders Cem Oezdemir (R) and Renate Kuenast give a statement against nuclear energy while standing between two inflated nuclear power stations in front of the Chancellery in Berlin. Photo: AFP / Tim Brakemeier/ dpa

Germany’s overdose of renewable energy

Anti-nuclear hysteria is destroying the environment

This is part 2 in a series. Click here to read part 1.

Germany now generates over 35% of its yearly electricity consumption from wind and solar sources. Over 30 000 wind turbines have been built, with a total installed capacity of nearly 60 GW. Germany now has approximately 1.7 million solar power (photovoltaic) installations, with an installed capacity of 46 GW. This looks very impressive.

Unfortunately, most of the time the actual amount of electricity produced is only a fraction of the installed capacity. Worse, on “bad days” it can fall to nearly zero. In 2016 for example there were 52 nights with essentially no wind blowing in the country. No Sun, no wind. Even taking “better days” into account, the average electricity output of wind and solar energy installations in Germany amounts to only about 17% of the installed capacity.

The obvious lesson is: if you want  a stable, secure electricity supply, then you will need reserve, or backup sources of electricity which can be activated on more or less short notice to fill the gaps between electricity demand and the fluctuating output from wind and solar sources.

The more wind and solar energy a nation decides to generate, the more backup capacity it will require. On “bad days” these backup sources must be able to supply up to 100% of the nation’s electricity demand. On “good days” (or during “good hours”) the backup sources will be used less, or even turned off, so that their capacity utilization will also be poor. Not very good economics.

…click on the above link to read the rest of the article…

Elon Musk At War With German Environmentalists Protesting His New Gigafactory

Elon Musk At War With German Environmentalists Protesting His New Gigafactory

It was just a couple of days ago that we first reported that Tesla would need to cut down “thousands of trees” in order to build its Gigafactory 4 in Germany.

In that article, we noted that the company needed to clear so much forest space to put up its factory that dozens of protesters recently organized a gathering known as a “Forest Walk” to protect against Tesla’s tree removal activities at the site, according to Teslarati

The protesters were dressed in yellow vests, replicating the “Yellow Vest Movement” in France and are also concerned about what the deforestation may do to the drinking water in the area.

This past weekend, in a fit of hilarious and ironic virtue signalling cognitive dissonance, Musk responded to the criticism, saying on Twitter “this is not a natural forest — it was planted for use as cardboard & only a small part will be used for GF4.”

Oh, well in that case, just cut down as many trees as you want, Elon. 

Musk also responded to criticisms about water usage at Gigafactory 4, lying saying “Tesla won’t use this much net water on a daily basis. It’s possibly a rare peak usage case, but not an everyday event.”

Company planning documents, however, estimate that the factory would need about 98,000 gallons of water per hour. 

The company remains in the process of “jumping through hoops” to get the plant up and running, according to Bloomberg.

One of those hoops included clearing the area of wartime bombs. Disposal officers carried out controlled detonations of seven wartime bombs on Sunday at the site.

…click on the above link to read the rest of the article…

Can Europe’s Largest Economy Survive Without Coal?

Can Europe’s Largest Economy Survive Without Coal?

Germany Coal

One of the greatest moral dilemmas that has been creeping into the everyday activities of specialists working with coal, oil and in some cases even gas (despite its being perceived a natural bridge to a low-carbon future) could be phrased in the following way: how do you stop producing fossil fuels when you still have cheap ample reserves? In this context coal stands out – its relative inferiority in terms of environmental pollution prompted governments in developed economies to ban its future usage. Yet whenever its production is not curtailed by government-mandated cuts, producers simply continue to extract as much coal as possible. Straight in the middle of the so-called European approach to coal lies Germany, an erstwhile bulwark of the coal industry. Can it eventually survive without coal?

In stark contrast to oil and gas – of which Germany has traditionally been a major net importer and in both cases looking back to a more than 50-year history of depending on primarily Russian hydrocarbon riches – Europe’s leading economy has substantial reserves of coal, lignite in particular. In fact, Germany remains the world’s largest producer of lignite and burns most of it for power generation, accounting for some 22 percent of the nation’s gross electricity output. Ironically, lignite production is more COintensive than hard coal as it is done by extracting coal from open-cast pits, nevertheless, its mid-term future looks a lot better than that of hard coal mining in Germany.

Whilst lignite remains economically competitive, Germany’s hard coal production went downhill after the government ended its subsidy schemes. The last hard coal mine closed its gates in December 2018, ending a 200-year history of the Ruhr Region and potentially starting a new development phase of Westphalia, a geographical phenomenon inextricably intertwined with coal. 

…click on the above link to read the rest of the article…

China CDC Reveals 30,453 People Under Observation As Germany Reports First Confirmed Coronavirus Case

China CDC Reveals 30,453 People Under Observation As Germany Reports First Confirmed Coronavirus Case

Update (1830ET): While China currently has about 3,000 total cases as reported earlier, according to the latest report from China’s Center for Disease Control, the real number of infections may be substantially higher, because as of Jan 26 (the update for Jan 27 is due shortly) some 30,453 people are currently under observation for the coronavirus. Needless to say, it is very likely that a substantial number of these people will end up positive for the disease, even as the total of people under observation grows by thousands every single day.

Earlier in the day, the epicenter of the coronavirus outbreak, China’s Hubei Province, is opening up 100,000 hospital beds in an effort to contain the disease, the province’s vice governor announced on Jan. 27. In a press conference on Jan. 27 evening, Hubei vice governor Yang Yunyan said authorities have designated 112 medical institutions to treat patients with the deadly novel coronavirus, according to Chinese state media. They have freed up around 100,000 hospital beds in the province, with 3,000 of them in Wuhan city alone, where the disease first broke out. As the Epoch Times observes, “The urgency and scale of the authorities’ orders have raised fears that the outbreak has spread far more widely than authorities admit.”

Meanwhile, in the latest news on the coronavirus global spread, Germany’ DPA news agency reported that the first coronavirus case was confirmed in Germany. According to the infectious diseases task force of the Bavarian Health and Food Safety Authority, the male patient from the district of Starnberg is clinically in “good condition” and is being monitored while in isolation. Those who have been in close contact with him have been informed and infection control measures have been implemented. Naturally, the Task Force and the Robert Koch Institute (RKI) have said they consider the infection risk to the Bavarian population to be low.

…click on the above link to read the rest of the article…

Why Germany Is Going To War With Gold

Why Germany Is Going To War With Gold

Germany Gold

Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold, especially in Germany

Germans, like Indians and Chinese, love their gold – although their reasons for buying and keeping bullion are somewhat different. 

In China and India, gold jewelry is a status symbol – a sign of wealth and success. In Germany, owning gold bars and coins, maybe a 24-karat necklace or two, is a means of preserving wealth, especially in times of war or economic crisis, something never far from Germans’ minds, considering their history.  

Indeed the “war guilt” Germans experience over the atrocities of Nazi Germany is accompanied by fears that their government could again lose control of fiat money, as the Weimar Republic did in the 1920s, leading to devastating hyper-inflation. 

In India “a marriage is not a marriage without gold.” Indians find it auspicious to be-gift gold jewelry during the Diwali festival, which begins in October, and wedding season. Gold-shopping for the bride is thought to bring good fortune and invoke the blessings of a Hindu goddess. At nearly 20 million weddings a year, Indians’ annual demand for the precious metal exceeds 514 tonnes. Easy to see why the country’s private gold holdings are the largest in the world, a mind-boggling 24,000 tonnes. (almost as much as the world’s top 10 central bank holdings combined)

However in 2016 China overtook India as the world’s top buyer of gold jewelry. The country’s growing throng of affluent consumers is driving demand for gold rings, bracelets and necklaces, especially in January and February when many Chinese purchase gold jewelry as gifts for Chinese New Year. According to McKinsey & Company, by 2025 China will represent up to 44% of the global luxury jewelry market

…click on the above link to read the rest of the article…

Merkel Inks Deal For Stalled German Coal Exit

Merkel Inks Deal For Stalled German Coal Exit

In a move that’s sure to restore a smidgen of Greta Thunberg’s childhood, German Chancellor Angela Merkel has finally hammered out a deal for Germany’s stalled exit from coal-fired power generation, after state leaders agreed to shut down the industry by 2038.

We would note that this falls outside the 12-year window of doom predicted by US climate expert Alexandria Ocasio-Cortez, but better late than never when environmental apocalypse is on the line.

Germany’s plan includes 40 billion euros ($44.6 billion) in compensation for impacted regions, according to Bloomberg. The country’s largest coal-fired power producer, RWE AG, will receive 2.6 billion euros according to an insider – sending the stock up 1.7% in mid-morning trade on Thursday. In eastern Germany, utility Lignite operators will receive 1.75 billion euros according to German Finance Minister Olaf Scholz.

Germany reaches agreement to phase out coal by 2038

Merkel has been in a tight spot on the issue, facing pressure from environmentalists and miners alike. Climate tops voter concerns, and Germany will already miss its 2020 targets under the Paris Agreement. On the other hand, the poorer states in the former Communist East, where the bulk of the mines are, fear a growing gap to the West. Her predicament feeds into a broader political challenge, with the Greens party and the far-right Alternative for Germany gaining support on both sides of the political spectrum to squeeze Germany’s traditional mainstream parties, including her Christian Democrats. The AfD has been particularly strong in the eastern mining states.

“It was a long night — it lasted until 2 a.m. — but we were able to achieve a sensible agreement,” Armin Laschet, premier of the state of North-Rhine Westphalia, said in an interview with Deutschlandfunk radio. “The time frame that we’ve agreed on is ambitious, but realistic.” –Bloomberg (via Yahoo!)

…click on the above link to read the rest of the article…

German Government Escalates its War on Gold

German Government Escalates its War on Gold

In the run up to the end of the year during December, a remarkable sight emerged across Germany – long lines of customers queuing up outside the country’s precious metals shops and gold dealer showrooms.

Was it seasonal gift buying by Germany’s citizens, a population well-known for its love of physical precious metals? Or perhaps the onset of panic about negative interest rates in Europe’s largest economy?

As it turns out, panic it was, but of a different type, with the long lines triggered by the realization that from 1 January 2020, new national legislation was to take effect that would dramatically reduce the threshold on anonymous buying of precious metals from the existing €10,000 limit to a far lower limit of €2000, all under the guise of money laundering prevention.

With a staggering 9,000 tonnes of gold held by the German population, 55% of which is in the form of physical gold bars and gold coins and the rest in gold jewelry, Germany’s citizens are savvy about gold and are active savers and investors in the yellow precious metal. Add to this the fact that the German bullion market is one of the most sophisticated and developed in the world, supporting an extensive set of industry participants from banks and gold refineries, to nationwide gold dealers and distributors, to smaller regional and local bullion retailers.

Panic buying  – We are being overrun

So when the German government throws up restrictions on such a fundamental right as anonymous buying of gold and other precious metals, Germany’s citizens were going to sit up and take notice and do what any rationale economic actor would do in the circumstances – buy as much gold as they can get their hands on before the 1 January deadline. Hence the queues and long lines outside the gold shops including some of Germany’s biggest gold dealers such as Degussa and Pro Aurum.

…click on the above link to read the rest of the article…

Hyperinflation, Money Demand, and the Crack-up Boom

Hyperinflation, Money Demand, and the Crack-up Boom

In the early 1920s, Ludwig von Mises became a witness to hyperinflation in Austria and Germany — monetary developments that caused irreparable and (in the German case) cataclysmic damage to civilization.

Mises’s policy advice was instrumental in helping to stop hyperinflation in Austria in 1922. In his Memoirs, however, he expressed the view that his instruction — halting the printing press — was heeded too late:

Austria’s currency did not collapse — as did Germany’s in 1923. The crack up boom did not occur. Nevertheless, the country had to bear the destructive consequences of continuing inflation for many years. Its banking, credit, and insurance systems had suffered wounds that could no longer heal, and no halt could be put to the consumption of capital.1

As Mises noted, hyperinflation in Germany was not stopped before the complete destruction of the reichsmark. To illustrate the monetary catastrophe, one may take a look at the exchange rate of the reichsmark against the US dollar. Before the start of World War I in 1914, around 4.2 marks would buy 1 US dollar. As soon as war action began, the convertibility of the mark was suspended and paper marks (papiermark) were issued, largely for financing war-related outlays. In 1918, after the end of World War I, 8.4marks bought 1 US dollar.2 In December 1919, the mark had depreciated to 46.8 per US dollar, and in December 1920 to 73.4 per dollar.

In July 1922, the US dollar cost 670 marks. When French and Belgian troops occupied the Rhineland at the beginning of 1923, however, the exchange rate of the mark plummeted to 49,000 marks per US dollar. On November 15, 1923, when hyperinflation reached its peak, the currency reform effectively made 1 trillion (1,000,000,000,000) papiermarkequal to 1 rentenmark, and as 4.2 trillion papiermark exchanged for 1 US dollar at that time, 4.2 rentenmark would equal 1 US dollar.3

Increases in the Money Supply

…click on the above link to read the rest of the article…

Angela Merkel Says Freedom of Speech Must be Curtailed to Keep Society Free

Angela Merkel Says Freedom of Speech Must be Curtailed to Keep Society Free

Wait, what?

German Chancellor Angela Merkel says that freedom of expression must be curtailed in order to keep society free.

Yes, really.

“For all those who claim that they can no longer express their opinion, I say this to them; If you express a pronounced opinion, you must live with the fact that you will be contradicted,” said Merkel during a speech to the German Parliament.

“Expressing an opinion does not come at zero cost, but freedom of expression has limits,” she added, as some in the Bundestag could be heard voicing their disagreement.

“Those limits begin where hatred is spread, they begin where the dignity of other people is violated. This house will and must oppose extreme speech otherwise our society will no longer be the free society that it was,” said Merkel.


Watch till the end. Angela Merkel says: we have to take away your freedom of speech, or else society won’t be free.


Of course, what “violates” the “dignity” of other people is completely subjective and could include all manner of speech that most people would find perfectly acceptable.

The debate over free speech in Germany has intensified since the country accepted over a million migrants from the Middle East and North Africa from 2015 onwards.

Many Germans have found themselves hit with charges of hate speech for pointing out ‘hate facts’ like migrants being responsible for crimes and sexual assaults

This happened despite the German government’s own numbers showing violent crime in Germany rose by 10 per cent between 2015 and 2016 and that more than 90 per cent of the rise was attributable to young male “refugees.”

…click on the above link to read the rest of the article…

Global Supply Chains Imploding As Quarter Of German Firms Plan To Leave China

Global Supply Chains Imploding As Quarter Of German Firms Plan To Leave China 

The Bussiness Confidence Survey 2019/20 published by the German Chamber of Commerce in China, in cooperation with KPMG in Germany, finds that almost a quarter of German companies operating in China are preparing to relocate production facilities. 

The survey was conducted from late July through mid-September and had 526 member companies out of 2300 respond. Out of the 526 member companies, 23% of the respondents said their factories will be transferred out of China or are contemplating the move.

Among the German companies leaving or actively planning to leave China, about 71% blame increasing labor costs; 33% cited unfavorable policy environment; 25% said the US-China trade war, and 22% said market access barriers. 

Of the respondents who’ve resorted to relocation, 52% have chosen Southeast Asia, 25% India, 19% Central/Eastern Europe, and 17% Western Europe. Only 5% of respondents said they were going to move operations to the US, contrary to President Trump’s claim that companies exiting China will be rushing to the US. 

Respondents said the US-China trade war had created a toxic and “gloomy” business outlook that has contributed to the global synchronized slowdown. 

About 83% of German companies said the trade war has directly or indirectly affected their operations. “Business expectations have dropped to their lowest level in years with only 27% of surveyed German companies expecting to reach or exceed their business targets in 2019,” the survey warned.

Jens Hildebrandt, Executive Director of the German Chamber of Commerce in China, said: “2020 is likely to be characterized by uncertainty, stemming from an unresolved US-China trade dispute related with a decelerating Chinese and global economy.”

German firms also said market access barriers and regulatory hurdles stunted their growth in China, with 66% of firms saying they’ve encountered either direct or indirect market access restrictions.

 …click on the above link to read the rest of the article…

Living Under the Spectre of Hyperinflation: 1923 Weimar and Today

Living Under the Spectre of Hyperinflation: 1923 Weimar and Today 

While world’s attention is absorbed by tectonic shifts unfolding across the Middle East, and as many Americans are brainwashed to believe the 2020 elections are driven by the need to impeach President Trump, something very ominous has appeared “off of the radar” of most onlookers. This something is a financial collapse of the western banks that threatens to unleash chaos upon the world.

In my last report, I discussed why the current financial system is on the verge of a 1923-Weimar style hyperinflation driven by Federal Reserve bailouts trying desperately to support a deleveraging of the $1200 trillion derivatives bubble that has taken over the western banking system. I also discussed the Bank of England-led “solution” currently to this crisis involves a new global “green” digital currency with new “rules” which are very similar to the 1923 Bank of England “solution” to Germany’s economic chaos which eventually required a fascist governance mechanism to impose it onto the masses.

In this article, I wish to take a deeper look at the causes and effects of Weimar Germany’s completely un-necessary collapse into hyperinflation and chaos during the period of 1919-1923.

Versailles and the Destruction of Germany

Britain had been the leading hand behind the orchestration of WWI and the destruction of the potential German-Russian-American-Ottoman alliance that had begun to take form by the late 19th century as foolish Kaiser Wilhelm discovered (though sadly too late) when he said: “the world will be engulfed in the most terrible of wars, the ultimate aim of which is the ruin of Germany. England, France and Russia have conspired for our annihilation… that is the naked truth of the situation which was slowly but surely created by Edward VII”.

 …click on the above link to read the rest of the article…

The monetary lessons from Germany

The monetary lessons from Germany 

Germany suffered two currency collapses in the last century, in 1920-23 and1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and failed. In that of the second, Ludwig Erhard remained true to his free market credentials and succeeded. While they were in different circumstances, comparisons between the two events might give some guidance to politicians faced with similar destructions of their state currencies, which is a growing possibility.

Introduction

Let us assume the next credit crisis is on its way. Given enhanced levels of government debt, it is likely to be more serious than the last one in 2008. Let us also note that it is happening despite the supposed stimulus of low and negative interest rates, when we would expect them to be at their maximum in the credit cycle, and that some $17 trillion of bonds are negative yielding, an unnatural distortion of markets. Let us further assume that McKinsey in their annual banking survey of 2019 are correct when they effectively say that 60% of the world’s banks are consuming their capital before a credit crisis. Add to this a developing recession in Germany that will almost certainly lead to both Deutsche Bank and Commerzbank having to be rescued by the German government. And note the IMF recently warned that $19 trillion in corporate debt is a systemic timebomb, and that collateralised loan obligations and direct exposure to junk held by the US commercial banks is approximately equal to the sum of their equity.

Then we can say with some confidence that a major credit crisis is developing, and that it will almost certainly be far greater than Lehman.

 …click on the above link to read the rest of the article…

The End Of Fiat In One Chart

The End Of Fiat In One Chart

For the first time in 21 years, Germany has openly bought gold into its reserve holdings.

Source: Bloomberg

German reserves climbed to 108.34m oz in September from 108.25m a month earlier.

Source: Bloomberg

With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold.

As a reminder, September’s outright purchase of the precious metal comes after Germany’s central bank, the Bundesbank, repatriated 583 tonnes, or $31 billion worth, of gold in 2017, years ahead of schedule.

Which came after Germany’s stunning announcement in January 2013 that the Bundesbank would repatriate 674 tons of gold from the NY Fed and the French Central Bank (which was initially abandoned in 2014).

Of course, while Germany is now the latest to turn to gold as a safe haven store of value in its reserves, it is not the first as the de-dollarization shift has been accelerating in recent months

Source: Bloomberg

Germany’s shift comes after China’s acceleration in gold-buying as Peter Schiff recently noted this a “global gold rush on the part of central banks” in preparation for a dollar crash.

“The days that the dollar is a reserve currency are numbered and the smart central banks are trying to buy as much gold as they can before the number is up,” Schiff said. 

Remember, nothing lasts forever

And now that the always conservative Germans are back in the market buying gold, one wonders if the end of fiat is drawing closer.

Bimillenary of the death of Germanicus: The Defeat of the Roman Deep State

Bimillenary of the death of Germanicus: The Defeat of the Roman Deep State

2,000 years ago, on Oct 10, 19 CE, Germanicus Julius Caesar died in Antioch, Asia Minor, perhaps poisoned by his uncle, Tiberius, then the ruling emperor. If we see Hillary Clinton in the role of Germanicus and Donald Trump in the role of Tiberius, you have an equivalent ongoing conflict. 
Most likely, the concept of “Deep State” existed in Roman times, just as in ours.

Germanicus had not gained his “agnomen” (victory name) because he was a friend of the Germans, but because he had managed to kill many of them in a series of military campaigns from 14 to 16 CE. Tacitus tells us many details of how the Romans engaged in what we would call today a Strafexpedition (“Punitive expedition”) to avenge the defeat they had suffered against the Germans in Teutoburg ten years before. 

The Romans attacked Germany with eight legions and plenty of auxiliary troops in what was probably the largest military expedition in history, up to that time. In military terms, it was a success: the Germans were defeated and forced to retreat, but the cost of the campaign was simply staggering. Reading Tacitus we can get a feeling of the enormous effort in which the Romans had to engage in order to keep their legions supplied of food, equipment (and money for the troops). Eight legions were about a third of the whole military strength of the Empire: imagine fielding them in a region having no roads and no supporting infrastructure! 

By 16 CE, it must have been clear that the effort was bankrupting the Roman state. That led to an undeclared conflict between the ruling emperor of the time, Tiberius, and his nephew, Germanicus. It was good that Germanicus could defeat the Germans (or, at least, claim victory over them).

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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