What you need to know today

Will the global crash start in Germany soon?

There are signs that the financial system in Germany could crash in the next few months and cause another global crisis. This time could be much worse than the last time.

Disturbing news today

The ugly face of an emergency fusion of Deutsche Bank and Commerzbank occurs today again in german news (german: Die Welt). Both banks are totter candidates, both share prices declined since 2007: Commerzbank from 245.18 Euro to 9.32 Euro and Deutsche Bank from 79.84 Euro to 9.55 Euro. Deutsche Bank faces also expensive complaints in the USA and Australia. What would a fusion of those banks bring us? Nothing good, because zero plus zero stays zero. The german state is the biggest shareholder of the Commerzbank which is the forth-largest bank in our country and present in more than 50 nations (Wikipedia). If those two banks fail it would affect Germany first and hard and then spread around the world.

100.000 Euro savings deposit garanteed – REALLY?

We germans believe that Angela Merkel said the truth when she promised that our savings will be safe. But the bank fond that has to back 0.8% of the savings of their customers is half empty.  That means that in the case of another bank crisis savings could be lost (german: Der Spiegel).

Shocking drop in orders 

The german industrie notes it’s longest drop in orders since the global financial crises in 2008.  Originally the orders were expected to grow for 0.8% but the political and economic uncertainty pressed the order numbers down. (german: Handelsblatt) One of the main reasons are the fears of an international tradewar. The G7 summit is already called a G6+1 summit: on the one side US president Donald Trump and on the other hand Canada, Japan and the EU countries. They have their deepest conflict since WW2.

USA vulnerable and isolated – german policy influences german press

The press in Germany never liked Donald Trump. The background seems to be clear. People don’t trust the newspapers anymore and get their informations in the internet. But that also means that the media needs different ways to finance themselves. Mass media is therefore grateful that the german party SPD is financially deeply involved in their affairs (german: Presserecht) It is clear that the mass media that is partly financed by the left party SPD shares and prints her opinion.

The crazy fact is that the SPD herself is in deep trouble. Her politics are polluted with economic interests and the workers don’t see what the party is doing for them. Once the SPD was strongly represented in our Bundestag with 45.8% in 1972. Now they are only one among others with 20.5%.

Hit dogs bark and the SPD bites in panic every political enemy. This hits Donald Trump in the USA and the AfD in Germany that received a lot of votes from former SPD people. Long before the tradewar started the german press denigrated Mr. Trump. Now they are happy to have a real topic: the (quote Merkel:) illegal tariffs on steel and aluminum. The international mood is heated up because of Mr. Trumps withdrawal from the iran deal, from the climate agreement and his Israel politics.

You already can hear voices from the EU that they don’t need the USA any more. Agreements with other states would make them just as strong and stronger than the USA. Now what will happen if the USA really needs help and her current allies have turned away? This could be a real threat to the USA – because even the strongest nation on earth needs friends in a case of emergency.

Be prepared for a storm ahead and be careful if they say “Peace and prosperity everywhere”.

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Sunday thoughts

bridge-53769Merkel meets Netanyahu in Berlin

Today Benjamin Netanyahu, prime minister of Israel,  brings our capital Berlin to a halt. He is expected to meet chancellor Angela Merkel tomorrow afternoon to talk with her about the Iran Deal. The chancellors heart beates for the Muslims in the first place and it could be a challenge for Israel to be heard. Two votes in the UN Security Council last week have shown that most of the worlds countries have decided to support the Islam rather than the christians or the jews. Do they realize what relentless and violent world they help to create? I earnestly hope that the meeting tomorrow will go well and our chancellor will have an open mind.

Update Monday: 

How do you congratulate a close friend to his 70. birthday? You go to him with a present, write him a nice letter, at least call him, right? 

But not so Angela Merkel. She didn’t congratulate Israel in an open statement or visit Israel at her 70. anniversary neither did she nor any other german representative show up when the USA moved her ambassy to Israels capital Jerusalem. But see how she handels a 70. anniversary instead (emphasis by me, the translation in the video is not correct at this point):

“I find it very important and symbolic, too, that we – in this year when Israel celebrates her 70. anniversary and WE COULD NOT ONLY CONGRATULATE OURSELVES from the distance and WE NOT ONLY HAD A DEBATE in the German Bundestag, but that the Prime Minister is here with us today, too….”

Congratulate ourselves… how does that work? And yes, we had a debate in the bundestag but how does this benefit Israel? 

Netanyahu and Merkel have different opinions in regard of the Iran deal, Germany condamns the statement of the iranian leaders that Israel be a cancer that should be cut off and Germany wants to continue the cooperation with Israel.