- Angela Merkel On The Ledge: “This Is Not Fair… I Am Not Going To Commit Suicide” (ZeroHedge, May 11, 2014):
What is most remarkable about the following detailed FT profile of the Cannes November 3-4, 2011 G-20 summit (when Europe, knowing well virtually every other option had been exhausted and was forced to grovel for Chinese cash)…
…is not that Obama, facing an election and fearful of what a Eurozone disintegration and depression would mean to the US economy and more importantly, to his re-election chances, managed to bring German chancellor Angela Merkel to tears, which he did…
To the astonishment of almost everyone in the room, Angela Merkel began to cry.
“Das ist nicht fair.” That is not fair, the German chancellor said angrily, tears welling in her eyes. “Ich bringe mich nicht selbst um.” I am not going to commit suicide.
For those who witnessed the breakdown in a small conference room in the French seaside resort of Cannes, it was shocking enough to watch Europe’s most powerful and emotionally controlled leader brought to tears.
But the scene was even more remarkable, those present said, for the two objects of her ire: the man sitting next to her, French President Nicolas Sarkozy, and the other across the table, US President Barack Obama. Continue reading »
- Germany blocks Edward Snowden from testifying in person in NSA inquiry (Guardian, May 1, 2014):
The German government has blocked Edward Snowden from giving personal evidence in front of a parliamentary inquiry into NSA surveillance, it has emerged hours before Angela Merkel travels to Washington for a meeting with Barack Obama.
In a letter to members of a parliamentary committee obtained by Süddeutsche Zeitung, government officials say a personal invitation for the US whistleblower would “run counter to the political interests of the Federal Republic”, and “put a grave and permanent strain” on US-German relations.
- Abe, Merkel agree to cooperate on Ukraine (NHK, April 30, 2014):
Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel have agreed that their countries will work together to resolve the crisis in Ukraine.
The 2 leaders held an hour-long summit meeting and joint news conference on Wednesday in Berlin. Germany is the first stop on Abe’s European tour.
- Der Spiegel: NSA Put Merkel on List of 122 Targeted Leaders (The Intercept, April 29, 2014):
Secret documents newly disclosed by the German news magazine Der Spiegel on Saturday shed more light on how aggressively the National Security Agency and its British counterpart have targeted Germany for surveillance.
A series of classified files from the archive provided to reporters by NSA whistleblower Edward Snowden, also seen by The Intercept, reveal that the NSA appears to have included Merkel in a surveillance database alongside more than 100 others foreign leaders. The documents also confirm for the first time that, in March 2013, the NSA obtained a top-secret court order against Germany as part of U.S. government efforts to monitor communications related to the country. Meanwhile, the British spy agency Government Communications Headquarters targeted three German companies in a clandestine operation that involved infiltrating the companies’ computer servers and eavesdropping on the communications of their staff.
- Bayern tritt europäischem Netz gentechnikfreier Regionen bei (Top Agrar, April 24, 2014)
- Bavaria Signs Agreement to Go GMO Free (Sustainable Pulse, April 28, 2014):
Germany’s Bavaria region has become the 62nd GMO Free farming area in Europe. The Munich-based Bavarian Environment Minister Dr. Marcel Huber, signed the GMO Free agreement in Brussels, with the President of the European GMO Free network, Maura Malaspina, the Environment Minister for the Marche region of Italy.
Bavaria is the 62nd member of the network, which includes regions from nine EU Member States, including 18 regions of France, 13 regions from Italy and all the states of Austria. Continue reading »
- Russia seeks Eurasian hegemony, with Germany’s help (Al Jazeera, April 27, 2014):
A 100-year-old theory may explain Putin’s strategic thinking
The White House response to the advance of the pro-Russian faction in Ukraine is to ignore Russian President Vladimir Putin, to pressure the Kremlin’s economic strengths and to treat the Russian Federation as a pariah state.
Not only is this policy unoriginal — a soft reprise of the Cold War’s containment doctrine — but it also ignores the hard-won lessons of geopolitical history, especially those of the last 100 years.
“The China Bubble”
- And The World’s “Most Powerful” Nation Is… (ZeroHedge, April 5, 2014):
In terms of economic might, BBVA has created an index of “world market power” enabling an at-a-glance view of a nation’s impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is… Hint, not USA…
- Russia Summons German Ambassador After Schaeuble’s Hitler-Putin Analogy (Zerohedge, April 3, 2014):
“Hitler took over the Sudetenland with such methods,” warned German Finance Minister Wolfgang Schaeuble over the weekend, drawing parallels between Putin’s push into Ukraine and the start of the Nazi occupation of Europe. This did not go down well in Moscow and German Ambassador Ruediger Freiherr von Fritsch was summoned to the Russian Foreign Ministry as the Russians lodged an official protest. Merkel was quick to distance herself from the remarks (which Russia calls a “trick”) demanding that “a high-ranking official should take more responsibility for his words.”
“Nobody will be there to maintain order [in Ukraine],” Schaeuble said. Should such chaos ensue, Russian authorities may reason that “now we have some fascists threatening the population; now we have to protect them. We all know this from history. Hitler took over the Sudetenland with such methods.”
- German Executives Denounce EU/US Leaders Over Russia Confrontation (ZeroHedge, March 30, 2014):
With at least 300,000 German jobs dependent on business relations with Russia, it is hardly surprising that, as Reuters reports, several top German executives have criticized the strategy of the U.S. and Europe in dealing with Russia fearing the consequences for their businesses. On the heels of Siemens CEO’s comments (as we noted here) that “you don’t want to sanction anyone you depend on,” a number of other senior German executives have commented that that great change could be achieved if the West cooperated with Russia rather than being confrontational. Deutsche Post’s Appel summed it up, “Since we don’t have major sources of raw materials in Europe, we will always be dependent on others… and it seems questionable to me whether dependence on the Middle East or Venezuela would be better than that on Russia.”
Russia is Germany’s 11th biggest commercial partner, with trade reaching 76.5 billion euros ($105 billion) last year, according to the trade association Ost Ausschuss.
- ‘A’ for Angela Merkel: GCHQ and NSA Targeted Private German Companies (Der Spiegel, March 29, 2014):
Documents show that Britain’s GCHQ intelligence service infiltrated German Internet firms and America’s NSA obtained a court order to spy on Germany and collected information about the chancellor in a special database. Is it time for the country to open a formal espionage investigation?
The headquarters of Stellar, a company based in the town of Hürth near Cologne, are visible from a distance. Seventy-five white antennas dominate the landscape. The biggest are 16 meters (52 feet) tall and kept in place by steel anchors. It is an impressive sight and serves as a popular backdrop for scenes in TV shows, including the German action series “Cobra 11.”
- The PBOC and Bundesbank Sign Pact to Turn Frankfurt into Yuan Hub….Meanwhile Obama Heads to Saudi Arabia (Liberty Blitzkrieg, March 28, 2014):
I haven’t paid too much attention as of late to agreements between China and other nations intended to expand the use of the yuan (renminbi) internationally, because the near-term implications always seem to be exaggerated by many market commentators. That said, this deal between the People’s Bank of China (PBOC) and Germany’s Bundesbank seems quite significant given the importance of Germany within the global economy generally and the E.U. specifically.
From Bloomberg via BusinessWeek:
Germany’s Bundesbank and the People’s Bank of China agreed to cooperate in the clearing and settling of payments in renminbi, paving the way for Frankfurt to corner a share of the offshore market.
- German Industry Goes To See Uncle Putin (Testosterone Pit, March 27, 2014):
President Barak Obama went to Belgium – a trip planned long ago but repurposed since the Crimean debacle – to meet with European leaders, commemorate the 100th anniversary of World War I, draw iffy parallels between then and now, and announce that more sanctions against Russia were being concocted and would soon be forthcoming, even if Russia made no additional moves on the Ukraine. The EU and the US must not sit on their hands as Russia pursues “the old way of doing things,” he said. “That message would be heard not just in Europe but in Asia and the Americas, in Africa and the Middle East.”
Russian President Vladimir Putin might have had a field day listening to the speech. But he was busy. He was at his official residence in Novo-Ogaryovo near Moscow, meeting with German industry tycoons, including Joe Kaeser, CEO of multinational engineering conglomerate Siemens. It wasn’t an emergency response to the current sanctions spiral but had been planned during their last meeting in October.
- Abyss of Uncertainty: Germany’s Homemade Nuclear Waste Disaster (Der Spiegel, Feb 21, 2013):
Part 1: Germany’s Homemade Nuclear Waste Disaster
Some 126,000 barrels of nuclear waste have been dumped in the Asse II salt mine over the last 50 years. German politicians are pushing for a law promising their removal. But the safety, technical and financial hurdles are enormous, and experts warn that removal is more dangerous than leaving them put.
It’s hot and sticky 750 meters (2,500 feet) underground, and the air smells salty. Five men are standing in front of an oversized drill. They have donned orange overalls and are wearing bulky special shoes, yellow hard hats and safety glasses. They turn on the machine, and the rod assembly slowly eats its way into a gray wall.
For over seven months now, the team has been trying to drill a hole with a diameter of eight centimeters (three inches). They are attempting to reach one of the former excavation chambers of Asse II, an old salt and potash mine near the northern German town of Remlingen, in the northwestern German state of Lower Saxony. Behind a barrier 20 meters thick, thousands of drums filled with nuclear waste have been rotting away for over three decades.
It’s dangerous work. Over the years, experts warn, explosive gases may have collected in underground cavities — and one spark could trigger a disaster. Consequently, the drill head is only allowed to turn extremely slowly. After the machine has barely advanced another 10 centimeters, the men pull the drill pipe out of the hole and insert a probe. They thus manage to inch their way forward about 20 centimeters per shift.
From the article:
“Strongest sanction” against Russia “is in the hands of the United States” because U.S. could sell crude from the Strategic Oil Reserve and depress prices, investor George Soros says during panel discussion in Berlin.
Brilliant, brilliant strategy!
- Soros Has A Modest Proposal For How To Punish Russia (ZeroHedge, March 20, 2014):
Having warned of Putin’s blind-spot (and Merkel’s position of potential leadership) in the Europe-US-Russia debacle, billionaire investor George Soros has some ideas on how to punish Russia (and some warnings on the consequences)…
- *SOROS SAYS PUTIN ‘ACTING OUT OF WEAKNESS’
- *SOROS SAYS UKRAINE CRISIS IS LEADERSHIP CHANCE FOR MERKEL
- *SOROS SAYS MERKEL’S LEADERSHIP HAS GROWN IN UKRAINE CRISIS
- *SOROS SAYS U.S. SELLING OIL RESERVES WOULD HURT RUSSIA
- *SOROS SAYS U.S. HOLDS ‘STRONGEST SANCTION’ WITH OIL RESERVE
Russian President Putin sought to prop up flagging support at home in a move that “turned him adventurous abroad and repressive at home,” billionaire investor and Chairman of the Open Society Institute George Soros said today during a podium discussion in Berlin. Continue reading »
- Has The World Gone Mad (Again)? (ZeroHedge, March 18, 2014):
A few select headlines from the day that made us, well, wonder…
- OBAMA’S GOAL IS FOR RUSSIA TO STEP BACK IN CRIMEA, LEW SAYS (hope and change?)
- CHINA SHOULD LOOSEN RESTRICTIONS OVER HOME PURCHASES: SEC. NEWS (but, but, but the reforms?)
- DONETSK GOVERNOR (AND BROTHER) HAD MOAT DUG OUT ON RUSSIAN BORDER (and filled with crocodiles?)
- BEIJING TO SPEND 20M YUAN TO CHANGE WEATHER TO CUT SMOG: DAILY (winning the war on weather and hence the economy)
- PUTIN SPOKESMAN SAYS UKRAINE FORCES MUST CHOOSE SIDES: BBC (hhmm, tough decision)
- FLAHERTY SAYS DECISION TO LEAVE POLITICS WAS NOT RELATED IN ANY WAY TO HIS HEALTH (just being pissed off)
- CARNEY SAYS LOW RATE ENVIRONMENT IS CONDUCIVE TO COMPLACENCY (and water is wet and we’ll keep doing it)
- IRS INFORMS EMPLOYEES OF PERSONAL INFORMATION DATA BREACH (shame really)
- UKRAINE FAILS TO SELL DEBT AT DOMESTIC AUCTION: FIN MIN. (but TSLA did – shoulda sold stock)
- BANK OF CANADA’S POLOZ SAYS HARD TO BELIEVE THAT RECENT ECONOMIC SOFTNESS IN CANADA IS ALL DUE TO THE WEATHER. (wait what?)
- ESTONIA’S PRESIDENT ILVES SAYS EU RESPONSE “SHOULD NOT BE ABOUT THE PRICE OF GAS” (what else is there?)
- U.S. TREASURY CORRECTS TICS DATA RELEASED EARLIER TODAY (#Ref/0)
- KERRY SAYS PUTIN SPEECH “DIDN’T JIBE WITH REALITY” (YouTube reality?)
- UKRAINE MAY SEEK COMPENSATION FOR CRIMEA ASSETS: PETRENKO (we don’t recognize it unless you pay us?)
- MERKEL SAYS NO CHANGE IN RUSSIA G-8 STATUS FOR NOW (nope, they’d have to really cross the red line)
- RUSSIA FELT ROBBED BY BREAKUP OF SOVIET UNION, PUTIN SAYS (uh oh)
- CYPRUS OPPOSES MORE SANCTIONS ON RUSSIA: FOR’N MINISTER (RIK) (just capital controls is good)
- SUGA: WILL DEAL APPROPRIATELY WITH PUTIN’S PLANNED JAPAN VISIT (umm what?)
- PUTIN: RUSSIA WILL NEVER SEEK CONFRONTATIONS IN WEST, EAST (fingers crossed?)
- JAPAN HALTS TALKS WITH RUSSIA ON VISA ISSUANCE (and nobody cared)
- WHITE HOUSE CARNEY “I WOULDN’T IF I WERE YOU” INVEST IN RUSSIA (what do you think of TWTR?)
- JAPAN DISPLAY STARTS TRADING 15% BELOW IPO PRICE IN TOKYO (shoulda IPO’d in USA)
- VIETNAM DELAYS SOME BAD DEBT CLASSIFICATION UNTIL APRIL 2015 (will all be fixed by then)
- SUGA: ABENOMICS WILL WITHOUT DOUBT LEAD TO ECONOMIC REVIVAL (yep no dooubt about it)
Has the world gone totally mad?
And then there’s this:
- Fed Tightening May Begin Sooner Than Thought: Hildebrand in FT (not holding our breath) Continue reading »
Tags: Barack Obama, Bonds, China, Crimea, Cyprus, Debt, Economy, Estonia, Germany, Global News, Government, Japan, Jay Carney, John Kerry, Obama administration, Russia, Ukraine, Vietnam, Vladimir Putin
H/t reader U. W. from Germany:
“Please post this video for all those who do not want to be forced to pay for propaganda state TV, as it shows how to beat the GEZ, who illegally asks all Germans to pay radio/TV licence fees, even if they do not want this kind of ‘service’ and/or do not have a TV & radio at home.”
You’ll find some more details about his here: http://en.wikipedia.org/wiki/Beitragsservice_von_ARD,_ZDF_und_Deutschlandradio.”
OK, … hope this helps!
YouTube Added: Mar 16, 2014
Hier wird ein Musterschreiben vorgestellt, welches dazu dient, den Anmaßungen der GEZ sinnvoll entgegenzutreten. Wenn zwei einen Vertrag untereinander abschließen, kann das niemals geschehen zu Lasten Dritter.
WICHTIG! KOPIEREN UND VERBREITEN! FLUTET DAS NETZ MIT DIESER INFO!
Eine hervorragende Arbeit von unserem Kommentar-Schreiber und Blog-Betreiber “Wanderer” auf seinem Blog “Blick von oben” - Der “Wanderer” behauptet nicht, die Weisheit mit Löffeln gefressen zu haben, noch kennt er deren letzte Schlüsse. Dennoch lässt er die geneigten Leser an Erkenntnissen und Aufschlüssen seines Weges teilhaben – kostenfrei. Mein Dank sagt Maria Lourdes!
Die Forderung von Rundfunkbeiträgen des Beitragsservice für die ARD, ZDF und Deutschlandradio (ehem. GEZ) ist rechtswidrig und verstößt europaweit gegen geltendes Recht.
Aus diesem Grund war es den Machern dieses Schwindels auch nicht möglich, diese Abzockmethode in ein Gesetz zu gießen. Somit blieb den Halsabschneidern nichts anderes übrig, als einen Vertrag zwischen Staat und einem Service zu schließen, dem sie ironischerweise selbst vorstehen.
Continue reading »
- Russia Wields $160 Billion Stick in Crimea Sanctions Standoff (Bloomberg, March 14, 2014):
Vladimir Putin’s control over $160 billion in oil and natural gas exports may be his most potent weapon in Russia’s face-off with Europe and the U.S. over Ukraine.
As Crimea prepares to vote Sunday on whether to return to Russian control, the U.S. and its European allies have few levers to deter Putin’s Ukrainian venture. Threats of visa bans and asset freezes haven’t rattled the Kremlin thus far — six hours of face-to-face talks between the top U.S. and Russian diplomats ended yesterday without a deal.
Russia, the world’s largest oil producer, exported $160 billion worth of crude, fuels and gas-based industrial feedstocks to Europe and the U.S. in 2012. While shutting the spigot on Russian energy exports would starve the Moscow government of essential flows of foreign cash, the price may be too high for European consumers and it may not alter Putin’s plans, said Jeff Sahadeo, director of Carleton University’s Institute of European, Russian and Eurasian Studies.
- Russia Crashes Into Bear Market As Europe Drops Most In 9 Months (ZeroHedge, March 14, 2014):
Broad European stocks dropped 3.3% on the week – the biggest fall since June of last year. Despite a late-day surge on the back of surprising relief from Lavrov’s comments on not invading Ukraine (well, he’s hardly going to pre-announce) Germany has seen its worst 2-week drop in 28 months. Sovereign bond spreads rose 10-13bps on the week for the peripheral nations (which is actually notable given how tight they trade now). Russian stocks have plunged 22% from Feb 18th highs and Russian 10Y bond yields surged to near 10% yields. Ukraine’s short-date bonds remain at yields around 50% and the Hyrvnia is losing ground.
Germany’s DAX is back at 5-month lows and this is the worst 2-week slide since Nov 2011…
Russia enters a very fast bear market…
As Russian 10Y yields surge… Continue reading »
YouTube Added: Mar 10, 2014
Former German Chancellor Gerhard Schroeder says the European Union (EU) is responsible for the situation in Ukraine’s Crimea as its policy toward the Eastern European country was erroneous in the first place.
Schroeder made the comments on Sunday in Hamburg during a press event, in which he said that Brussels made a mistake in the outset when it offered Ukraine an association agreement on “either/or” terms.
The former chancellor wondered if it was right to offer Ukraine, which is a culturally divided country, an alternative of either signing the deal with the EU or a customs agreement with Russia.
Schroeder said it would have instead been more reasonable to offer Ukraine a “both/and” alternative.
- The Phone Call (ZeroHedge, March 2, 2014):
The phone-calls are flying. On the heels of yesterday’s Obama-Putin “discussion”, today has seen Merkel drop him a line (with the resultant claim that Putin has accepted a “fact-finding mission” despite all evidence to the contrary); and then Merkel, Obama, and Cameron got on a party-line to discuss “sanctions”.
In the face of this seriousness, we suspect, however, any of the calls to Putin all had a similar dialogue… Continue reading »
Research the connections between the Nazis and the creation of the BND & the CIA and you’ll know exactly what is really going on here.
- Germany, France to mastermind European data network – bypassing US (RT, Feb 16, 2014):
Angela Merkel and Francois Hollande will review plans to build up a trustworthy data protection network in Europe. The challenge is to avoid data passing through the US after revelations of mass NSA spying in Germany and France.
Merkel has been one of the biggest supporters of greater data protection in Europe since the revelations that the US tapped her phone emerged in a Der Spiegel news report in October, based on information leaked by former NSA contractor Edward Snowden.
- Porsche Sales Surge To Record – 3 Years Ahead Of Plan (ZeroHedge, Feb 12, 2014):
It seems yet another (luxury) car maker did not get the “but it’s the weather” memo. Following Mercedes record sales in January, Porsche has announced today that expects to hit a target of selling more than 200,000 sports cars next year, three years earlier than originally scheduled. As Reuters reports, Volkswagen-owned Porsche is entering the lucrative segment of compact SUVs with its new Macan model, which has already sold out about eight months of production ahead of its arrival at German dealerships on April 4. Wealth effect, of course, is all that matters… and the promise of higher minimum wages and a Maserati in every garage.
Porsche expects to hit a target of selling more than 200,000 sports cars next year, three years earlier than originally scheduled, as the brand keeps pushing into sport-utility vehicles, Chief Executive Matthias Mueller said.
And like with the stolen gold & silver from under the twin towers the Buba gold is already gone before the greatest financial collapse in world history will take place.
- Bundesbank Moves Away From Specific Gold Repatriation Schedule (Liberty Blitzkrieg, Feb 11, 2014):
I am typically hesitant to highlight foreign articles that have been translated by others from languages I can’t comprehend. That said, Koos Jansen of In Gold We Trust, is someone who does great work and so I am running with his latest blog post on German gold repatriation, or a lack thereof.
According to Peter Boehringer, Founder German Precious Metal Society, it appears that the German Bundesbank is backing away from a specific repatriation schedule for the nation’s gold. He sources this claim from a recent article written in the Handelsblatt, titled ”Silence is Golden.” So in other words, the Federal Reserve told them to get lost. Continue reading »
From the article:
Moscow portrays the anti-Yanukovich demonstrators as paid Western agents and seems to be pushing for Yanukovich to order a crackdown to clear the streets.
In some of the sharpest language yet, the Kremlin’s point man on Ukraine, Sergei Glazyev, urged the Ukrainian leader to stop negotiating with “putschists”. He accused Washington of arming, funding and training the opposition to take power.
Nuland called the remarks “pure fantasy”.
- U.S. diplomat plays down leaked call; Merkel angry (Reuters, Feb 7, 2014):
A top U.S. diplomat tried to play down the damage to Washington’s diplomacy in Ukraine from a leaked telephone call on Friday, but German Chancellor Angela Merkel called an obscene remark about the EU “absolutely unacceptable.”
U.S. officials blamed Moscow for the Internet leak of recordings of Assistant Secretary of State Victoria Nuland and the U.S. ambassador in Kiev discussing a possible future government for Ukraine, where Washington and Brussels back anti-Kremlin demonstrators.
- German Top Court Finds ECB’s OMT Is Illegal, Then Promptly Washes Its Hands Of Final Decision (ZeroHedge, Feb 7, 2014):
In what was a shocking and disappointing at the same time decision, overnight the German Constitutional court, which had been contemplating the legality of the ECB’s still non-existent OMT program, conceived in July 2012 to prevent the collapse of the Eurozone and still only existing in Mario Draghi’s head as it has zero legal documentation supporting it, said that, in its judgment, the ECB’s Outright Monetary Transactions program likely exceeded the central bank’s powers.
“There are important reasons to assume that [the OMT] exceeds the European Central Bank’s monetary policy mandate and thus infringes the powers of the member states, and that it violates the prohibition of monetary financing of the budget,” the German court said Friday. “Subject to the interpretation by the Court of Justice of the European Union, the Federal Constitutional Court considers the OMT decision incompatible with primary law,” the German court said.