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European Debt Crisis: The Calm Before The StormGovernment forecasts on the economy, the development of public finances or inflation have their problems. This statement is likely to qualify as the euphemism of the year for the final round, if we take into account the open data fraud with which politicians everywhere are trying to deceive us about the real situation.
Of course, these are nice weather calculations, which are of course manipulated for the benefit of the respective government and are then ironcladly defended by the media machine.
Since the last major sovereign debt crisis in europe, this phenomenon has only intensified. No one talks anymore about the fact that government debt is much more fragile today, that we are in the first phase of a recession and that debt continues to rise sharply.
You can only guess what will happen in the eurozone if you look at Germany's financial shortfalls, which have long been in a recession, and analyze the billion deep gaps in the social security system,how health insurance contributions are exploding, the tax burden is increasing, and with what efforts and verve the state bureaucracy is trying to ensure its survival at costs of the private sector.
If you look at this naive outlook on eurozone sovereign debt with a little experience and knowledge from the engine room of politics and the 'academia' it has bought, you can't help but smile: you can almost imagine how they in Brussels and Frankfurt think they are clever and cunning number crunchers, while half the financial world is bent over laughing (the other half has long since stopped reading this garbage).
The next round in the camoflage between the euro commies and the bond markets promises to be highly entertaining if the long-saturated market refuses to absorb the state's garbage and the parasitic caste, in defense of its position of power, continues to use the flimsiest of arguments to go on plundering the citizen and overstretch the coercive state in the name of saving the world. The lifeboats are ready!
The reality can be found these days in the national budget of the United States. The exponential function of national debt there is more in line with the reality of European public finances.
"Every man for himself" and we already know who can be saved 💪🤠⚡🍊
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How do you think economic stimulus can be boosted in Germany to chip away at the burden of this debt crisis?
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At one point You ll need a Milei style free market reform. But they are not there by a long shot
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47 sats \ 5 replies \ @xz 19 Nov
I know what's wrong here, the collective 'west' just needs to borrow another 6T yuan from the IMF to support Ukraine.
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Are You the new german finance minister? Good proposal
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47 sats \ 3 replies \ @xz 19 Nov
If I were, I'd be stating that the price of wheat per bushel is now 10x what it was 100 years ago, and that further commitment to spending of public finance is imprudent and irrational. Is Germany now banning the opposition from running for election like spoiled kindergardeners?
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Yes, they're really trying this. Crazy times
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47 sats \ 1 reply \ @xz 19 Nov
I heard they raided the home of some elder for sharing a 'hate meme' about hating the incompetent policies of finance minister, was is Habeck?
First they come for the infirm..
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That's correct. It s really happening
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It will be interesting to see what their policies will be if the usa developes and adopts a bitcoin reserve? They may think of doing the same?
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27 sats \ 1 reply \ @TomK OP 19 Nov
I think the US will make a 180
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You dont think they will adopt it because its not theirs to control?
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it's financial Darwinism, personally i have never felt more safe and confident in having all my savings in bitcoin
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China is well positioned to expand its alternative monetary and trade alliance.
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