Friday, August 31, 2007

Save till the doctor comes

Sparen bis der Artzt kommt, the German obsession with saving money has apparently reached yet another all-time record. Die Geizkragen (the tightwads). On average, every German has saved about 94,000 euros, well over 100,000 bucks. That’s about 9 trillion friggin’ dollars for crying out loud (a German Billion is an American trillion, by the way - another thing that bugs the hell out of me)!

You remember don’t you, my American friends out there? “Saved”, as in putting money on a savings account or in stocks or in insurance policies somewhere? For later, I mean. Damn. Over 100,000 dollars per person? That’s bound to be nearly half of what every American out there has gone into debt for, at the moment. How disgusting of them to do that. The Germans, I mean.

This can’t go on forever, though. Or can it? I mean doesn’t physics eventually kick in somewhere and the banks won’t have any more room for all this liquid liquidity stuff anymore or something? And what are they waiting for anyway? I know a German couple that is actually saving so they can pay cash for their house. I kid you not. Look, I am generally all for common sense things like saving and all that, but don’t you think this has gotten a bit out of hand, my German friends out there? See the PayPal donation button down there on the bottom right? Stop saving and start living already.

If you save for a rainy day here, you’ll never save a penny.

Kommentare auf Deutsch? Klar.

Posted by clarsonimus at 09:08:32 | Permanent Link | Comments (6) |
Comments
1 - Genieße mäßig Füll und Segen;
Vernunft sei überall zugegen,
Wo Leben sich des Lebens freut.
Dann ist Vergangenheit beständig,
Das Künftige voraus lebendig,
Der Augenblick ist Ewigkeit.

J.W. Goethe, "Vermächtnis" (1829) (Comment this)

Written by: Jamer$on at 2007/08/31 - 13:58:51
2 - Germans haven't fallen for the great finance industry swindle to such an extent that Americans have. They get sort of rich slowly and stay there. Boring, but it works. (Comment this)

Written by: letters at 2007/08/31 - 19:52:02
3 - Jamer$on, der Augenblick ist Ewigkeit? Ich will aber JETZT leben! (Comment this)

Written by: clarsonimus at 2007/08/31 - 20:12:29
4 - letters, it's the two extremes game all over again, of course. Ridiculous debt is wreckless and destructive, saving for the rainy day that never comes is a waste of time ("time is the only thing we really own"). (Comment this)

Written by: clarsonimus at 2007/08/31 - 20:16:21 in reply to: 2
5 - Which is worse though? Having to declare bankruptcy and risk endless poverty because you were hoodwinked into taking out a mortgage you had no right to in the first place, or living a relatively comfortable life with no financial worries? I dunno, I'd pick the latter. (Comment this)

Written by: letters at 2007/09/01 - 19:08:17
6 - That's why you see all the old guys driving the Maseratis and expensive model BMW's or Mercedes. (Comment this)

Written by: Anonymous at 2007/09/02 - 14:41:50
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