0 sats \ 1 reply \ @TomK OP 3 May \ parent \ on: Eurozone: are unfunded pension fund liabilities the next big thing? econ
Lol
this strange ponzi scheme only survives with massive state propaganda, which supports insurance companies, building societies etc., then with the help of the media the inflation robbery is covered, this helps extremely to preserve liquidity in these structures and in addition there are always cross-subsidies via the various political budgets.
yes, here in europe collectivism and trust in the state is much more pronounced than in america. i can't imagine that there are even the slightest bit better political solutions here to get out of the energy crisis and the weak growth under over-bureaucratization. the europeans have completely submitted to the narrative of the climate apocalypse from Davos. and that's where it stays for now, as long as we can still consume old capital
wait and see what comes out of the so-called European elections. especially in countries like Germany, the propaganda machine is running particularly hot against all parties to the right of the socialists
quite honestly: i have reached a point, with regard to the economy especially here in europe, that only lives on cheap credit, where interest rates should rise even further. we have to flush all this socialist garbage out of the markets.
I am trying to portray the situation realistically. In the eurozone in particular, the desperation is basically huge at a political level, as inflation is now coming back up and industry is in recession, the migration problem has not been solved and the welfare state continues to expand. However, I don't see the real euro crisis becoming virulent until a later date