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Germany's Economic Woes Deepen: Industrial Production Plummets

714 sats \ 27 comments \ @TomK 5 Jul econ

Germany faces a severe economic downturn as industrial production plummets by 6.7% year-on-year, far exceeding the forecasted decline of 4.3%. The ambitious Green Transformation project appears to have failed spectacularly, yet the current government, composed of socialists and Green ideologues, continues to push policies that many believe harm the nation. Increasing centralization, bureaucracy, and higher taxes in a country already grappling with demographic challenges seem destined to lead to disaster.

https://m.stacker.news/38317 https://m.stacker.news/38318 https://m.stacker.news/38319

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67 sats \ 2 replies \ @IamSINGLE 5 Jul

Green Transformation

Whenever I hear this term, it reminds me the 'Ozone Propoganda' which everyone believed so much that prediction were made that our earth would be burnt would be ultra violet rays in 21st century. This was said to be the end of humanity.

And now, they have come up with this. If anything that can potentially destroy humanity or the Earth are these parasites who make believe a false belief to a large population.

2 sats \ 0 replies \ @TomK OP 5 Jul

net Zero is an attempt by the Europeans, who have hardly any raw materials, to keep all the other players in the world at the same table. no more normal energy types are to be used because otherwise the Europeans will lose their competitive advantages

0 sats \ 0 replies \ @BallLightning 5 Jul

Isn't ozone layer slowly recovering due to global phasing out CFCs?

22 sats \ 3 replies \ @Coinsreporter 5 Jul

Where are they producing it from?

Over 50 percent of the gross electricity generated in Germany in 2023 came from renewable sources, with wind power being the most prominent. However, the country is still heavily reliant on fossil fuels for domestic power production.

11 sats \ 2 replies \ @TomK OP 5 Jul

That's not the crucial number. Please check the usage of primary energy

67 sats \ 1 reply \ @Coinsreporter 5 Jul

Just took it from Statistics from here.

https://www.statista.com/statistics/736640/energy-mix-germany/

0 sats \ 0 replies \ @TomK OP 5 Jul

yes, but the decisive factor is energy consumption. this brings to light the fact that the trillions of euros invested in green technologies are an absolute bad investment. at least to a large extent. in addition, this policy has put Germany at a 30 percent cost disadvantage in industry compared to other industrialized nations. this is a failed policy

45 sats \ 1 reply \ @SatsMate 5 Jul

I wonder how much of the selling is driven by these harsh economic conditions they are facing. As we know bitcoin over the medium and long term is set to take off, so either they don't understand it at all - or they need this liquidity to get through the hard times.

0 sats \ 0 replies \ @TomK OP 5 Jul

firstly, there is no Bitcoin adaptation worth mentioning here in Europe. secondly, this applies all the more to the state level. thirdly, they have no idea what scarcity means in terms of monetary policy. Fourthly, the European Central Bank is of course the mortal enemy of the euro, forcing its member states to reject any form of alternative asset.

45 sats \ 5 replies \ @mudbloodvonfrei 5 Jul

A somewhat related question... the first chart you provide... Is that from a Bloomberg terminal?

0 sats \ 4 replies \ @TomK OP 5 Jul

Yes

45 sats \ 3 replies \ @mudbloodvonfrei 5 Jul

Is there an alternative to Bloomberg for ordinary people who don't want to spend a fortune?

50 sats \ 2 replies \ @TomK OP 5 Jul

it depends on what exactly you want. have a look at barschart.com it's really good

45 sats \ 1 reply \ @mudbloodvonfrei 6 Jul

Thanks!

0 sats \ 0 replies \ @TomK OP 6 Jul

De nada. Tradingview also provides You with good information. Or marketscreener.com

45 sats \ 1 reply \ @Bell_curve 5 Jul

Phasing out nuclear energy was foolish

17 sats \ 0 replies \ @TomK OP 5 Jul

Green plan to destroy the core of the german economy. And its working really well so far.

17 sats \ 0 replies \ @teemupleb 5 Jul

And they’re selling the hardest money ever invented for paper vouchers they can also print themselves!

17 sats \ 0 replies \ @riberet19 5 Jul

Everything collapses but they continue to maintain their idiotic green agenda, I suppose they are seeing the recession as an opportunity to definitively transition to that crap model that they want to implement.

0 sats \ 7 replies \ @Satosora 5 Jul

At least they are at 0% nuclear power usage! That has to be a plus!

20 sats \ 6 replies \ @TomK OP 5 Jul

They import it from France

45 sats \ 5 replies \ @Satosora 5 Jul

oh, never mind then. I thought they were fully dependent on their own power. What is the point then?

20 sats \ 2 replies \ @TomK OP 5 Jul

You're paing a lot more

0 sats \ 1 reply \ @Satosora 5 Jul

It might be time for them to start up their nuclear plants.

0 sats \ 0 replies \ @TomK OP 5 Jul

but the green communists are currently dismantling them.

45 sats \ 1 reply \ @wingalt 5 Jul

No point, those people don't think that far they have no interest in seeing what is behind the plug it is pure ideology

0 sats \ 0 replies \ @Satosora 5 Jul

Thats the problem. Lots of societies think in the short term, and dont want to think of the long term consequences.