We are currently observing three highly developed countries in the world's top 20 GDPs that seem to be struggling badly!
Germany with 3rd place
France with 7th place
South Korea with 13th place
All major economies with a huge impact on the world.
And yet all three countries have a government collapse of one sort or another.
Germany's coalition failed because they could not agree on the budget and increasing the debt. The libertarian party was against it and the government collapsed so we have new elections in February next year.
https://www.dw.com/en/germanys-coalition-government-falls-apart-how-it-happened/a-70717066
France has the collapse of the Barnier government with the vote of no confidence because they could not agree on the budget plan of greatly increasing government spending.
https://www.theguardian.com/world/2024/dec/05/what-happens-next-now-france-government-has-fallen-explainer
South Korea president decleared marterial law and failed because he couldnt push his budget plan as far as I understood the hidden signals in the news.
https://www.bbc.com/news/articles/c0lgw1pw5zpo
All of these countries are democracies and all of them have a leader, of course. But all of these countries have a leader approval rating below 20% and that was on November 26th. Before all these problems mentioned above. Sure, they were all lurking in plain sight, still.
It's unbelievable how low the approval rating of these politicians is.
How everyone is failing to spend even more to create even more inflation.
Democracies in the western world are crumbling because they cannot keep spending under control.
Imagine in a normal household the husband would spend recklessly, his wife would tell him several times that he cannot spend more than he earns. Eventually, the wife takes the children and leaves.
That's how it seems to me right now. People are tired of governments wasting money and not being trustworthy to run the country.
Let's see what this bull market has in store for us. Let us see which countries spend good money and take back responsibility.