Ask an economic advisor of the German government anything

Ask an economic advisor of the German government anything

Christ, you're doing a shitty job. Why haven't you been fired yet?

Last thread went well, so here we have another one.

Why are you trying to ruin Europe motherfucker?

What makes you think so, Ameri-kun?

But who was phone?

Why are you importing 6 trillion africans and middle easteners

Why are you roleplaying

Why is George Soros so based?
Will Portugal be the new Noah's Ark?

what you think about afd?

is there other life in the universe?

It were 1.1 million last time I checked.
Nobody really wanted or expected this.

The level of taxation and bureaucracy in Germany is ridiculously high, and the massive government will become unsustainable as the population ages. What the fuck are you doing, man?

How much longer until the rapefugees double the GDP?

Also will this be enough to save DB, or are you counting on another secret fed bailout?

are commodities prices going up? or is my country fucked for ever?

What's your favorite ice cream?

Proof to me you know economics
Situation: short run equilibrium in on goods and financial markets, the government decides to increase taxes => what happends to the interest rate and the GDP (for simplicity we assume the economy is a closed one so imports and exports = 0)

>you have 5 minutes to solve

That has been introduced during the Grand Coalition in the 1970s, to allow more academics to find suiting jobs. A lot of the graduates of those years went into government jobs.

The trend is actually declining, there are less and less stable public-sector jobs.

>It were 1.1 million last time I checked.

Come on Hans, we all know you love multiples o 6 million too much.

>and the massive government will become unsustainable as the population ages


duh. why do you think they're letting in millions of migrant workers?

Reminder that immigration is caused by capitalism

When was last time you were sober?

So what are the plans for the future?

Have you actually talked to Inzucht-Schaeuble, or Jihadi-Juncker? (they're the main persons for the Euro-currency, no?)

Why don't you tell the goverment to close down these corrupted "feminist" or "anti-racist" departments, which don't do anything right but eating up tax-payers money in the billions? (or is that not your department)

Is it in germanies economic interest to have Ukraine be pro-West?

is it really the jews?

They adress issues that have been persistent for decades, so that explains their popularity.
Economically, they are illiterate.

I'm not talking about that, I'm talking about the size of government in general. It's socialistic, and intervenes in every aspect of the market. Do you really believe that Keynesian bullshit?

>Also will this be enough to save DB, or are you counting on another secret fed bailout?
Germany lacks a Central Bank to "bail out" the Deutsche Bank. That would make a crash far more dramatic.

>Situation: short run equilibrium in on goods and financial markets, the government decides to increase taxes => what happends to the interest rate and the GDP

it declines..?
tell me Jean-Marc

are muslim filth or "refugees" ruining the EU?

Genuine question: how much governmental funding do you see in the next 10 years for scientific research? How will that get affected if more right wing and isolationist parties come to power?

Economy slows down, interest rates rise, GDP depends on what the extra taxes are used on.

Uhh about those uhhh d-denbts.
We will p-pay them(someday)

Very good, Luxembourg has always been good at banking, financial and economical thinking

Wrong nigger, interest rate goes down and GDP declines aswell

> he thinks a bree marked isn't a useless utopia like gommunism

How did you get the job?

Is merkel mentaly retarded in person? pls answer.

>So what are the plans for the future?
Let Greece, Spain and Italy suffer for as long as possible.
>Have you actually talked to Inzucht-Schaeuble, or Jihadi-Juncker? (they're the main persons for the Euro-currency, no?)
I have seen Schäuble, and I tend to dislike him, despite his political and economic competence.
Never seen Juncker, despise him for obvious reasons.

The Euro is an ambiguous project, mostly French in nature originally. Naturally the current German establishment does everything to maintain it, but they are not the "main persons" here. There are a lot of interests in play.
>Why don't you tell the goverment to close down these corrupted "feminist" or "anti-racist" departments
Because it is current year.
>Is it in germanies economic interest to have Ukraine be pro-West?
Of course, but Ukraine does not matter that much from an economic perspective. If you heard about the new gas pipes built, (North Stream 2 or something) Germany does not really care for that poor parody of an economy.

It is a geopolitical story and, therefore, American soil.

debts when?

Why would GDP decline unconditionally? Interest rates I can see because people's disposable income goes down and there is more incentive for savings, so interest rates would go down as that demand goes up?

Wouldn't the GDP be dependent on how the government redistributes those taxed funds, like he said?

>interest rate goes down
Tell that to the US, where higher taxes corresponded with lower rates.

On average, an illegal migrant costs the German people 450,000 Euros over the next 30 years.

WHY THE FUCK DID YOU NOT ADVISE THE GOVERNMENT THAT WE ARE FUCKING LOSING HALF A TRILLION BECAUSE OF THE MIGRANTS???

No. Real estate prices, Germany and, to a lesser extent, China are.

Data Science degree -> internships in Belgium -> wanted to work for the EU, did not work out, German government institution accepted me.

I disagree. Our federal reserve pumped out $27T to bail out Europe in 2007/2008.

Goldman Sachs rigged the books of Greece and others and left the derivatives largely on the books of DB and to a lesser extent SocGen.

So while you might not have a central bank of your own, you have plenty of international banks with the capability to do whatever they see as being necessary.

No. She is a very, very intelligent, mentally strong, cunning woman that cares less about people than a chancellor should.

>Do you really believe that Keynesian bullshit?
Yup.

>$27T
That's almost twice your entire GDP, nigger.

>Nobody really wanted or expected this.

Yet, you take them.

The majority of them aren't Syrian. Not women or children mostly. Mostly just younger Muslim men, who don't come from war zones are accepted.

Really makes you think.

kek

How mad is the German establishment about Brexit?

How is Germany likely to respond?

What do you think will be the long term economic effect on Britain and the EU?

Very important question

is closing down the atomic-power plants really a perspective for the future?
the whole "alternative energy" non-sense turned out to be just as much of a fraud as No-man's-Sky

>Economically
what are they wrong on?

So why the fuck is she fucking up germany with refuges you obviously advised that germany shouldn`t take refugges bcs it would ruin economy?

And they lied to congress about it. So who knows what the real figure is?

Outstanding derivatives debt is generally estimated in the 1-2 quadrillion dollars range where as global GDP was about 65 billion even when the housing bubble was still going. That's how fucked things are. You could tax the entire world at 100% for generations and still be unable to pay that off because doing so would cause an immediate global deflationary collapse.

>Very intelligent
But blames Islamic terrorism on racism instead of the mass influx of Islamists

If she is intelligent and competent as you claim, then she is evil as fuck.

GDP could either go down or it could remain the same if the government uses all those taxes to up the government spending G. So yes GDP could depend on how the government uses it.

Yes as I said, an increase in taxes will lower the interest rate

but what do you think what would've happened if germany said no? this would have had led to massive protests ( I mean you have to imagine that the german population was far more left-wing BEFORE (ofcourse) these so-called actually came in masses)
Merkel wouldn't have gone through with it

the main problem Merkel does, is allowing this whole "anti-hate" and other bolshevists take care of the refugee crisis and take care of the population that don't want them

its only getting worse with all this

>Goldman Sachs rigged the books of Greece and others and left the derivatives largely on the books of DB
Oh, so you really know what is going on.

The fragility of the banking system is due to the unpredictability whether a bank has enough liquidity in case of the demand for it.

So, by definition, we do not really know whether and if the Deutsche Bank will crash. Meckerel is trying to prevent that.

>>>/zerohedge/

Seriously this is a whole new level of stupid.
Filtered ;)

Sorry m8. That was before zerohedge existed.

In the long run, renewable energy sources may become a viable alternative. We have yet to reach that point. Until then, we will suck Saudi and Russian petrolcock.

might surprise you, but you are working on losing your job.

Absolute nonsense. Look at Greece and Spain, the "stimulus" you've been giving them hasn't done shit. I'm sorry that you educated yourself at a University that spouts such mumbo jumbo. I mean, shit, just look at your neighbor FRANCE. Are you really going to try and say that government intervention in the market makes for a better market?

Quitting the Euro and promoting EU separatism is the best way to transform Germany into a failed state.

oh comm'on, he's only role-playing
i still like these threads

Have you finished highschool yet?

(((economic advisor)))

prove it.

So what, as an economic advisor, is your advice for how to make a workable EU? It seems pretty clear that some form of financial union is useful, but that the current structure is a 5 alarm fire in a house where all the alarms already burnt up.

>How mad is the German establishment about Brexit?
Worried, but not to the extent they would be, if you were a Euro country. You have your own Central Bank, your own currency, you will most likely be allowed to trade with Germany on favorable terms. Also, your banks may migrate to Frankfurt.
>How is Germany likely to respond?
Postponing the Brexit talks, as the situation now is favorable for us.
>What do you think will be the long term economic effect on Britain and the EU?
Negative for Britain. Slightly negative for the EU.

Well, if the govt didn't intervene in the market, there would be no need for govt "experts", so you'd have to find a job that suits or skills more. Like sucking sailors' cocks for sandwiches.

>Yes as I said, an increase in taxes will lower the interest rate
The interest rate is set by the ECB. There are individual interest rate indexes, but they are less important here than in the US.

So what will happen if the German government raises taxes and actively spends? That will make an interest rate increase more likely.

Suppose that there is a starvation situation, and the parent of the four year old child (who is not an adult) does not have enough money to keep him alive. A wealthy NAMBLA man offers this parent enough money to keep him and his family alive – if he will consent to his having sex with the child. We assume, further, that this is the only way to preserve the life of this four year old boy. Would it be criminal child abuse for the parent to accept this offer?

>still thinking the brexit was about the economy
you truly are the shittiest political advisor ever.

We will all quit our job some day.

I hope you get guillotined when the time comes.

>the "stimulus" you've been giving them
We have been giving Greece and Spain stimulus?
We enforced austerity upon them.

Why did you want to work for state institutions and not in the private financial sector? Are you happy with your pay?

Eurobonds. (Common government bonds for all Eurozone countries.)

Side effect: that might expose some of our weaknesses on the demand-side even further.

>if the govt didn't intervene in the market, there would be no need for govt "experts"
And if illnesses were left untreated, there would be no need for doctors. So what?

I felt like there was a functional disconnection between businesses and what the government is doing, and I liked what the government is doing more. On the other hand, I would rather be unemployed than a politician.

Yes.

So in other words you favor keeping the current set of EU/Eurozone participants even though it violates the treaties meant to construct it?

I personally see very long term bond issuance as a possible factor in temporarily papering things over, but that's really only a way to buy time while fixing the actual problems. Arguably better than the catastrophic effects of austerity egging on runaway deflation, but that's what's going to happen in the long run anyway if nobody does anything more than buy more time and piss it away into the wind.

I sincerely hope you will get raped and beheaded. I'm so glad Germans will no longer exist by the end of the century

You've given them billions of euros to spend on welfare and other public programs. There's no "austerity" in Greece, which has a 200% debt-to-GDP ratio. Same in Spain.

Thanks for the reply m8. Good answers.

Not sure about the last one if we're talking long LONG term, but I mostly agree.

How long until cashless + negative interest?

What does Britain's exit mean for the German economy?

What's the Euro's standing compared to other currencies on the world stage?

How big of a problem, if any, is the refugee issue on German funds?

Are Greece's demands for more money justified at all?

Who are the biggest freeloading problem-people, and why is it the gypsies?

If you really understands economics you should know we can't recover italian economy with the euro.
The moment we will get rid of these traitors disguised as politicians we'll blow up the eurozone printing our new Lira. Without Italy this whole Mitterand-Kohl joke called Euro will be finished, we will make eurozone collapse for good.

Btw I hope we europeans will keep the free market concept, I think it's a good idea we unified our markets. Even if with different currencies is a bit less effective it's the only option in my opinion. The current situation is unsustainable our second trimester growth is again 0. It's a disaster.

What do you think?

Yeah, because it fits the more powerful countries in the bloc. The Maastricht criteria have been very German from the beginning, and basically every country has violated them by now.

It is kinda symptomatic of our times that we postpone long-term problems, instead of solving them. Still, our problems are less severe than that of developing countries. We have far more economical and political capital to solve them.

Probalby did computer science and then went to Europacollege in Brugge.
They recruit a lot of henchmen for the EU in their Europacollege

The effects of zero key interests have been mixed at best ... Neither have negative rates in Japan really worked. It is debatable whether such a stunt will be considered.

I would suggest to you that we already have negative interest rates if you consider that the rate of interest exceeds the rate of inflation (devaluation).

But hasn't it been clear for a long time that lowering the interest rates doesn't work? Why would policymakers stop now?

What does she care more than people?

Indeed this is why people are saying negative interest rates are only a symbolic thing. But the difference this time is that you can get more money by just not putting your cash in a bank at all.

>If you really understands economics you should know we can't recover italian economy with the euro.
Yes, I do.

The problem here, and the reason why your establishment never considered Itaxit is that after leaving the Eurozone, you are left with a pile of debt in Euro. A pile of debt you cannot possibly pay for in Lira, which will devalue into oblivion the day it is announced.

Now, of course, you can default, but whether that will be actually better? You will also experience MASSIVE capital flight and skyrocketing interest rates.

Overall, the situation in Italy is really tragic and frustrating. Your best bet would be to stimulate domestic demand and overhaul your banking.

Well, it did work as far as monetary policies can work at all. What I am saying is that monetary policies alone cant do the trick.

Well, unless you're at the discount window at the fed. Then you get paid a higher rate of interest by putting your discount loans back on deposit.

Stealth QE. Crime pays, you know?

>She is a very, very intelligent, mentally strong, cunning woman that cares less about people than a chancellor should.

Merkel is an ideologist. She has no remorse and can do a lot of damage because she believes in a greater good that justifies doing bad things.

She might be very intelligent, but she is inept for sure. You probably think that Thatcher was very intelligent too

Are you making money hand over fist by selling the melanin from your refugees?

>Can't compete

She is the exact opposite of an ideologue. She has little actual beliefs about any topic I care about. Her style of government is one of day-to-day business.

I hold Thatcher in low regard, for her anti-government populism.

At what Bund yield will the debt become unsustainable for the German government?

How much exports does Germany need to lose to have a serious upheaval of the people at hands?

Are the leaders not worried trying to hold a massive over-export built economy together? You must understand that exports are prone to shocks, and when that shock faces Germany you will have armies of people out of work and the upheaval will begin.