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November 26, 2023
Bundswehr

German CDU politician warns: German troops can “last a maximum of two days in a battle”

The Bundeswehr's special fund was supposed to take care of it: Chancellor Olaf Scholz (SPD) wanted to make the troops fit for military service again with 100 billion euros.

Scholz even spoke of a “turning point” in February 2022.

However, CDU deputy Johann Wadephul now says “decisive troop units can last a maximum of two days in a battle”.

According to CDU defense politician, the catastrophic condition of the Bundeswehr has two reasons.

On the one hand, Germany continues to deliver weapons to Ukraine, but the ordered supplies for its own ammunition and weapons stocks do not reach the troops:

“Even when it comes to purchasing replacements, the Bundeswehr is actually making a loss,” says Wadephul.

In the current security policy situation, it is unacceptable that “there is no compensation” for the weapons delivered to Ukraine.

On the other hand, the restructuring of the Bundeswehr planned by the federal government was stuck in its early stages.

Wadephul says he sees “big announcements” but “little actual measures that contribute to the war capability that the defense minister himself claims.”

“I see a Bundeswehr that still carries out its procurement processes just as carefully, cautiously and sometimes - I think - with fear as it has in the last 20 years,” he said.

Wadephul also doubts that Germany will be able to put together its own combat-ready division for NATO by 2025, as originally promised.

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🇮🇷🇮🇱 - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.

🇬🇧🇮🇶 - A drone struck British Castrol oil warehouses in Erbil, Iraqi Kurdistan, causing extensive damage.

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🇱🇧🇮🇱 - "The Israeli army is barely catching its breath in southern Lebanon, and its resources are less than in the previous round of fighting," - Haaretz....

Blue Owl

🇺🇸 Blue Owl Capital just disclosed that investors tried to pull 40.7% of one fund and 21.9% of another in a single quarter, and both funds gave the same answer, you can only have 5% back, and everyone else waits in line.

This is a bank run, not a normal withdrawal.

Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.

Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.

These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.

This product was originally designed for ...

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The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document — with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.

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