Ghost of Truth on Nostr: Germany, little China with its 500 billion euro credit-financed investment program, ...
Germany, little China
with its 500 billion euro credit-financed investment program, Germany is taking the place of the economic engines within the Keynesian belief system as a kind of little China. The next German Chancellor, Friedrich Merz of the CDU, who has been hyped up by the mainstream media as an economic expert after working some years at Blackrock, has fallen completely prey to this belief. In the economic dream world of these people, only the state has to create sufficient artificial demand to overcome the growth and productivity dilemma of the eurozone, as China did on a global scale during the great financial market crisis.
The bond market already shows where the journey is heading: even higher mountains of debt, no stimulus for real economic growth and rising inflation expectations.
#eu #germany #china #fiat #debtspiral #bitcoin #nostr #economy
with its 500 billion euro credit-financed investment program, Germany is taking the place of the economic engines within the Keynesian belief system as a kind of little China. The next German Chancellor, Friedrich Merz of the CDU, who has been hyped up by the mainstream media as an economic expert after working some years at Blackrock, has fallen completely prey to this belief. In the economic dream world of these people, only the state has to create sufficient artificial demand to overcome the growth and productivity dilemma of the eurozone, as China did on a global scale during the great financial market crisis.
The bond market already shows where the journey is heading: even higher mountains of debt, no stimulus for real economic growth and rising inflation expectations.
#eu #germany #china #fiat #debtspiral #bitcoin #nostr #economy