Archive for the 'Europe' Category

History: Kristallnacht – German pogrom of 1938

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Tonight it is 70 years ago, that in the night of November 9th synagogues, Jewish shops and houses were destroyed throughout Germany and Austria. Almost a thousand Jews were murdered that night and 20-30,000 deported to concentration camps.

Sadly these days it looks like the extreme right wing thugs are creeping into society across Europe again. Where do you think that substantial amounts from all those Billions disappearing from military and so-called humanitarian aid programs are ending up?

This time it might not be the Jews, but will the majority of people again look to the other side and profit from…

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Russia’s answer on the U.S. Elections: Obama Matryoshkas

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In Moscow, matryoshka – little wooden dolls – of Barack Obama have become one of the best selling souvenirs among tourists and Russians.

While before the election both Obama and McCain dolls were offered by shopkeepers, the interest in McCain dolls that even before November 4th had sold in much smaller numbers, has now more or less completely diminished. Or as one of the sellers put it “my stock in McCain dolls is now worth about as much as shares in Lehman Brothers

Obama dolls are a new addition to …

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Stock Markets: VW speculations

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How crazy the worldwide stock markets have become and how little effects the Trillion dollar packages, speeches and appeals of politicians had on the casino players could one more time be seen today in Germany.

Stocks of one of the worlds largest car makers, VW, rose more than 300 % with intraday peaks even higher – yes we mean it – more than three hundred percent. And some of the in-the-money call options have seen their prices increase of more than 27,000% (twenty seven thousand percent).

While car makers around the world tiptoeing along bankruptcy and demand forecasts for the next year(s) are at best catastrophic for some of them – BMW today stopped production for a few days in some of its factories and Daimler today announced that they will stop production for a few weeks later this year- the outlook for VW is anything but peachy as well.

It’s not fundamentals that are behind these price jumps, it’s plain speculation, the same casino plays like…

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Germany: Bank Robbers ante portas

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There was a lot of hectic movement with governments around the world the last weeks to confine the disasters from betting / wild casino speculation within financial institutions. Approaches and road maps laid out (if any) are pointing to different directions even in the key G7 developed countries.

The U.S. – for example – first wanted to give absolute powers to the executive branch and the government – a move widely criticized and changed by the U.S. Congress in the debates following the first bailout plan.

France and the UK have taken another road and bailing out their banks by providing funds only against a collateral – meaning they are de-facto nationalizes key players in their finance industries. France even went a step further with President Sarkozy calling for the creation of national industry funds to stop the fire sales of key industrial players to overseas investors – an interesting step that found much applause with the European Parliament. If you think that further it…

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Germany: How to burn 300 Million of Taxpayer’s money in a second

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I guess everybody in the banking world around the globe has heard about the Lehman bankruptcy latest this Monday morning, everybody besides Germany’s largest government owned bank – KfW.

In an attempt to win the Darwin award for banks or by taking the name of the bank to literally (KfW – translated: Bank for Reconstruction), they transferred 300 Million Euros to already bankrupt Lehman during Monday. At the same time their government colleagues were closing the German Lehman subsidiary…

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Internet warfare: All Georgia Government web sites down

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About a month ago the website of Georgia’s President was under a distributed denial of service attack and offline for some time. Based on forensic analysis it became clear that the root of these attacks were to be found in Russia.

Now with a state of war declared as it seems all official Government web sites of Georgia are not responding, not reachable or do not display any content…

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