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Germany is deep in recession. To conceal this, politicians are resorting to familiar tools: they are manipulating the labor market with massive government spending and artificially created government jobs and taking refuge in side issues such as the climate apocalypse.
A striking analysis reveals an unprecedented expansion of Germany's public sector, with government employment soaring amid private sector struggles. Recent data shows public service positions increased by 990,000 since 2010, with a remarkable surge of 108,000 jobs in 2022 alone.
Government Growth Out Of Control The cost implications are staggering - federal personnel expenses jumped 62% to €38.7B (2010-2023), while ministerial staff costs more than doubled in the past decade. Meanwhile, new regulations are costing German businesses €67B annually in bureaucratic overhead.
No Real Job Growth Most telling: While total employment reached 46.1M in Q2 2024, the growth is heavily concentrated in public services, education, and healthcare sectors, which now employ 12.2M people - up from 11.3M in 2019. With every euro the state and its useless bureaucracy gets its hands on, the private sector shrinks its potential to allocate resources efficiently. This is the road to socialism and economic bankruptcy!
Sounds similar in situation to china. They will just flood the market with stimulus and bad data.
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Yep, as I've been saying since maybe 2021 or so: Fake is the New Real!
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German direct investment in China increased by 4.3%, reaching a record of €11.9 billion, reveal official data cited by the British agency Reuters. Data from the Bundesbank, the German central bank, from a report by the Institute of German Economics (IW) seen by Reuters also reveals that the proportion of Germany's foreign direct investment in China increased last year, despite calls from Berlin for German companies reduce their exposure to the Asian country. That’s what a lot of taxes do!
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Right. Like the greens say: we don't want energy intensive companies in this country
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Yeah, RED flags....... At least the Eastern parts of Germany has been there before...
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Viva la revolución.
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No way, not THAT type of revolution...
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Lol
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0 sats \ 1 reply \ @4rge 27 Oct
It doesn't matter. NATO is migrating to the btc standard.
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NATO is military not economic alliance, it has no say about monetary policy or control over central banking.
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