The long death and long birth of two airports

[Skybird]

https://edition.cnn.com/travel/artic...ure/index.html

Tegel was and still is a signature silhouette in the Berlin skyline.

The new airport Schönefeld, although apparently indeed getting to work finally, already is too small, at least was way too small befor eCorona, and was said to have been too small already when the concept plannign was finsihed. Bad plannign from back then until today.

And you know what? Despite the monetarian and time desaster - nobody, really nobody is responsible, and will be held accountable. Not the planners. Not the directors. Not the politicians. Nobody is guilty for this financial deaster, not a single one. They are all innocent lambs.

It makes me sick. But when ordinary Joe Smith becomes guilty of some fincial mishap regarding tax offfices, all heavens and hells will be summoned against hiom,. and he will and can be persuecuted even after 10, 15 years, and interests on interests of 5% will be counted against him thoguht he capitla amrket does not hold such fantasy interests anymore.

States and politicians are gangsters, Organised crime. Many bureaucrats are their accomplices.

If to would be an event that ahpoejs onmce every fifty or 100 years, than we could laugh. But misplanning and misappropriation of public funds like this, are no exceptions from the rule, but they are the rule now.

BTW, many shopkeepers who years ago cancelled their shops in Tegel because they wanted to reopen at Schoenefeld and were told that everything is fine and on schedule, have lost everything when they had given up Tegel, and tried to sit out the time until Schoenefeld opened. Existential ruinings. Another thing none of the great planners and politically responsible will ever be held accountable for.

Zum Kotzen.

[Jimbuna]

What does the German national debt currently stand at?

[Skybird]

Originally Posted by Jimbuna

What does the German national debt currently stand at?

Source is Deutsche Bundesbank March 2020:

Five years in a row German explicit debts have been slightly cut back, and in 2019 went to 59.1 % of the GDP. No data given on implicit debt, which is multiple factors as high. German politics and federa bankers treat implicit debts as if they do not exist and will never become valid, because everybody hopes it affects only the others just after one has ended one's own career.

That was before Corona. In the present, nobody seems to really know what the debts are due to the Corona-2020 party, but everbyody already says that debts will be at a historically record high and by far the highest since the federal republic was founded.

Also, Germany has finally agreed to the collectivization of Southern European debts and French debts. Guess who bears the lion's share.

For the ECB and Lagarde, Corona is a gift from heaven. It gave them the silvber bullet to enforce what they always wanted, and get the Germans out of their way. But New Money Theory is neither new, nor a theory. Its a new name for a very old lie. It has never worked, it will never work, because it cannot work. Its economic madness, often proved in history. Suicide. I rather see witches flying on broomsticks.

Private investors, savers, pensioneers - all have big reasons to worry for the ECB's policies coming next. It might help the rich and "system-relevant banks", but all others will get plundered more and more openly.

[Jimbuna]

Any idea what it currently runs at in Euros, Dollars or Ponds?

For example, the UK amount has just passed £2 trillion which is 85.4% of GDP

[Skybird]

Nobody can give reliable numbers currently, its all in flux, due to Corona. The flux is upwards, of course.

2019 total national GDP of Germany was 3.845 trillion.

One of the issues is that while many aid payments had been announced and many creits had been planned, only around ine third of the sum planned for Covid-19 this year has been asked for by intended receivers (!). But this too is in flux.

All numbers out there or being claimed by some, must be taken with utmost caution currently. The costs are high, but currently not as high as was feared. I read earlier that only a third of the aid being planned and reserved, so far has been called up by intended receivers. Currently, Germany gets through all this much better than many others. But infection numbers are exploding, they have lost control and tracking. I think we will see total lockdown before chritsmas, thoigh maybe they will not call it that.
The many pay the price due to the irresponsibility of the few. Also, UV sun radiation now is down, Vitamine D levels go down as well, and so I think it will get much worse than it was in Spring.

Nurtrition and and immune system strengthening still plays no role in the official advising. Its unbelievable. It would be the easiest and most cost-effective measurement to get all this mess under control quickly. I claim supplementation of some vitamines and minerals to the elder in caretaking homes, the nurses and teachers, the pupils, and the the rest, every employee. Could be done with little, with hilarious little money, by employers, institutions... But then one would need to admit how lousy the feeding standard in our oh so great modern world is, and in caretaking faciltiies and hospitals - not wanted!

Think of it. Food. Season. Sun. Vitamine D. Who is most exposed to risks? Old people with degraded metabolic functions, no exercise and often lousy food habits and crap food in caretaking facilities. It all matches.


Its a nutrition deficiency pandemic.


Not just Vitamine-D!

[Catfish]

Originally Posted by Jimbuna

Any idea what it currently runs at in Euros, Dollars or Ponds?

Couldn't earth already introduce one system please

German debts are 2.05 trillion euros in 2019 - debt ratio fell from 61.9% to 59.8%. Thanks to Corona, brexit and oncoming earthquakes or climate problems it will be most probably worse in 2020

https://translate.google.com/transla...52C8%2520%2525.

[Jimbuna]

So it's looking like both the UK and Germany are in similar positions regarding the amount of debt but each countries GDP is different.

[Skybird]

^ Not really, imo. While both coutnries have corona, health systems are very differently and will cause different follow-on costs from maintainig them, and follow-pon costs from patient being treated or not treated - the German system has far greater reserve capacities. Also, the UK has Brexit turmoils and an unpredictbaloe future fromt hat, costs canot be caöucölated anymore imo, while Geran has the costs from filling most of the vacuums in payments left by the ZUk in in the EU. With worstenign money crisis, thsi also can and will become unpredictable soon, and most likely devastating fore all, the EU, the UK, and the rest of the world.



No, too many things are in flux. I woudl say nobody has a realistic expectation currently of what thje future will brign,a nd what it will be like. Its a crisis that hit us while we already sit inside a crisis that hit us while we were sitting in a crisis. Frequency and amplitude of the symptoms we feel, both intensify. Not good. The onyl question is whether the developing countries blow up nefore us, or short after us. Probably the first.



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Thanks to corona, the too small airport in berlin maybe now will meet shrunk traffic demands for a while. Hooray!

[Jimbuna]

Whichever way it pans out I think we can both agree, it is one gigantic future mess in the making.