SatoshiFun on Nostr: Yeah, things here are bad but the West is getting worse much faster, we have a lot of ...

Yeah, things here are bad but the West is getting worse much faster, we have a lot of people coming back after many years or working and studying abroad. Currently we are preparing for the 8th election in 4 years, unprecedented political crisis. The government increased the salaries in the police department by 50% and that of the military by 30%. There is now a 10 billion euro gap in the budget (~10% of the GDP). Huge populistic moves are done because for better or worse they want to avoid the eurozone's acceptance by pumping the inflation numbers. The public sector is huge and continues to grow, there is a massive real estate bubble waiting to pop because young people are no longer afraid to take mortgages like their parents once were. Most of the young people take 30 year mortgages at 2% interest rate and they think they are smarter than the bankers because they will repay the loans with a few peanuts because of the inflation. The central bank had to interfere because people were even taking personal loans for the down payment. Speculation is through the roof because the real estate agents promise 15% price increase if we get in the eurozone, around 50% of the units are empty and are just held because 95% of the people either "invest" their money in real estate or put it in the bank at 0% interest. Economically we are headed towards a cliff but we are used to that kind of suffering as long as there is peace. Hopefully the upcoming crisis will be short and painful rather than long and painful and we will be in a much better state because as you mentioned, culturally we are immune to globalist bullshit.