Car making is Germany’s biggest earner (picture: Wikimedia commons)
This blog has reported many times that the mighty German economy is heading into trouble because it’s political elite, led by wannabe saint Angela Merkel is more concerned with climate change scaremongering and importing millions of illiterate, unemployable their world migrants in an orgy of virtue signalling.
The bigest single industrial sector in the German economy, automobile manufacturing, currently acts as the real engine driving the country’s economy, but as taxes rse to support a burgeoning welfare bill, and sales plummet due to the pomotion of expensive, inefficient and, it has to be said, incredibly dirty electric cars, it looks as if the situation may be in fora dramatic change for the worse according to new report from economists Matthias Weik and Marc Friedrich in a commentary at the online news portal of the Deutsche Mittelstands Nachrichten (German Midsize Companies News – DMN).
This blog would not normally advise readers to take not of economists’ speculations but in this case their conclusions coincide with the opinions of a number of hard headed businessmen who see trouble ahead for the economic powerhouse that propos up the European Union.
Weik and Friedrich base their view of the economic direction of the German economy and how it is seriously threatened by the country’s obsession with climate considerations based on very dodgy science, and an irrational policy of opening the borders to all arrivals from third world nations, and how policymakers are neglecting key industries on evidence that Germany’s ruling elite are unduly influenced by certain left leaning academics whose thinking is heavily influenced by the so called Cultural Marxism of The Frankfurt Schoool of twentieth century econopmics.
Weik and Friedrich say German politicians have been naive and too easily influenced by noisy minorities and attention seeking scientists and in their panic to save the planet from an alleged climate meltdown have, in the process of ruined the German economy.
“Everybody is talking about the climate, yet no one is talking about the economic climate,” Weik and Friedrich say. in common with many investment managers and industrialists, the two economists warn of a coming recession, one that will be “hard as nails” as the green activist and Social Justice Warrior onslaught on western, and particularly German industry intensifies.
According to the Weik and Friedrich, already “the seasonally adjusted and real order intake of German industry fell by 8.6 percent compared to the same month last year! For the tenth month in a row, it is going down!” So while the government and the Bundesbank juggle figures frantically, in fact Germany is already technically in recession. (The usual measure for growth / recession is GDP but when a government pumps €billions into the economy so it can hand out massive benefits to immigrants, which they spend in the economy, the resulting ‘growth’ is illusory.
“Companies such as Deutsche Bank, BASF, Bayer, Siemens, Thyssen, Ford have begun “massive job cuts or announced plans to do so in anticipation of the hard times ahead.”
The authors say that words, such as “unemployment” and “layoffs”, will soon be dominating the media and that “no one will talk about the shortage of skilled workers anymore, let alone climate change”.
The consequences of a major recession in manufacturing would send economic shock waves not through Germany but also throughout the European Union (EU) which massively relies on revenues generated by the German automotive industry, as has been well documented for years.
Weik and Friedrich write that Germany’s green and globalist policies have “negligently gambled away” prosperity and that the “coming climate change in the economy will nip all irrelevant sham debates in the bud.”
They add: “The heated discussions and hysteria are a sign of the famous late Roman decadence and a warning sign of the crash. For many who demonstrate today, there will be no jobs in Germany tomorrow.”
More on Germany
Germany: Economy crisis a growth stalls – car production crashes
Germany’s Green Energy Flops While Global Fossil Fuels Boom…
Jobs and employment
German economic crisis: industrial output plunges to ‘disaster’ level