The manufacturing sector worldwide is showing signs of distress, with the global manufacturing PMI contracting for the third consecutive month in September. Export orders have plummeted at their fastest rate in nearly a year, indicating a potential 3-4% year-over-year decline in global trade volumes.
As economic pressures mount, governments are likely to respond with aggressive monetary and fiscal policies. The much-touted "green agenda" could serve as a prime example, potentially masquerading as growth while potentially misallocating capital and hampering private sector productivity.
The economic data show that green socialism, this mad project, has already failed. It is high time to expose this fraud and reverse course. We must return to private formation of capital and free markets if we want to avert the catastrophe that is here in principle.
It's just the beginning. Where world is standing now, it'll be worse. I hope, there's first peace everywhere.
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0 sats \ 1 reply \ @Golu 4 Oct
All of Europe!! What Germany is doing there!! I think it's time people should start questioning politicians which I think they haven't done. It's suggesting an impending doom on Europe but they are busy in funding Ukraine.
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Happy to have you as a BTC brother
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Seems like the developing countries are still doing well and improving. Developed countries are struggling.
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