Wednesday 13 November 2019

Deutsche Bank crisis

Germany goes back to 1945.


At the end of World War 2, the German financial state was so bad people were taking home wages in barrrows as the Mark was worthless.

With the help of the USA, and the UK with loans the situation was allieviated and some stability was ensured; again help from their "enemies" saved Germany from falling into the hands of Communism twice in a century.

Again, German arrogance and egotism has brought the country to its knees, only this time there is no saving grace from either the UK or the USA. Angel Merkel's "open door" policy has flooded the state with millions of Muslims who have no qualifications yet demand food, housing and health care while they only contribute to the rise in crime; mainly of a sexual nature as they see themselves no longer adiding to Islamic Laws.
This situation has only compounded the ongoing crisis caused by the demolition if the Berlin Wall which flooded northern Germany with thousands of East Germans escaping communism.

The German financial press stated two years ago that they think there is no way the country could escape its debts; to give you an idea how bad things are - imagine writing 14 followed by two lines of 0's - even without Brexit Germany has no way of escaping this debt.

It make you wonder how a country can get in such a state?
Part of the problem lies in the quality of the goods they produce, the quality is so high the goods rarely need replacing, when I was over there Volswagen had several warehouses of spares sitting idle in stores in Bonn
The other aspect to be considered is how can people who went to universities not see this crisis growing?
That problem arises from both the problem of arrogance on the behalf of the German ego, and the illegal process of hedgefunding where you offlay the losses of one company on the hopes another company's successes will give you the cash to refund the first company.

The problem here is that you are relying on Peter's success to repay Paul, and what if Peter has no success? Who do you turn to?
This is much like how Labour ran the UK under Tony Blair.

France is the next biggest contributor to the EU/ German free bank, and they will be pulling out of the EU at the next election this is why Mrs. Merkel has been trying to get the Balkan states to join her confederacy, but as they won't join (and they are the largest group of corrupt states) Germany has nowhere to turn.

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