Don’t Be Fooled, Elites Have Been Planning This Power Grab For Years

by Phoenix Capita, 15 May 2020

As long as large portions of the economy remain on lockdown, the government will be forced to perform massive stimulus programs/ social spending. As I write this Friday morning, the House is preparing to vote on a $3 trillion stimulus bill later today.

While the particular bill in question is chock full of Democrats’ legislation (more abortion funding, banning voter IDs, etc.), and likely won’t make it through the Senate in this particular form, the White House and the GOP are both in favor of providing additional stimulus checks to Americans in the near future.

Put simply, regardless of specific political affiliations, the political class is currently in favor of spending vast amounts of money right now.

All of this money has to come from somewhere. Currently, it’s the debt markets (the Treasury will borrow $3 trillion between April and June alone). But at some point, the Powers That Be will begin looking for new sources of capital.

Indeed, if history has taught us anything it’s that once the government/ elites use a crisis to make a massive power grab, rarely if ever is that power given back to the people.

We saw this with the Patriot Act in 2001, the policy response to the 2008 crisis. And it’s happening again today with the economic shutdown. While individual states will all eventually reopen, the fact is that the US just took a massive jump towards outright socialism/ central planning. And the political class LOVES it.

This will result in a collapsing economy, which in turn will mean lower tax revenues, which in turn will mean a greater need for capital to finance social spending programs/ unemployment/ stimulus checks.

The debt markets will pick up much of the slack here, but at some point the political class will start looking for new sources of capital.

That source will be you, me and everyone else.

The plan behind this has been in place since 2011. Elites knew well in advance that another crisis was coming, and they put in place legislation that would allow them to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

Did you know the IMF has already called for nations around the world to introduce a wealth tax of 10% on NET WEALTH as soon as possible?

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

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Coronavirus deaths: Are The Authorities Deceiving Us?Yesterday we reported that a Canadian outfit had carried out an analysis of China’s response to Coronavirus and concluded that while politicians and academics (aka “scientists” or “experts”) are heaping praise on the way the regime in Beijing has contained and controlled its epidemic, the Chinese have actually been lying, the epidemc is still raging and numbers of infections and deaths from COVID – 19 are far higher than reported,

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With the number of confirmed cases of, and deaths from coronavirus in Italy, a nation of 63 million people having now surpassed the number of infections officially admitted by the government of China, a nation of 1.4 billion and the nation where the news strain of coronavirus, COVID – 19 was first observed, it was obvious to the realists among us that the Chinese government’s claims to have contained the virus were deeply suspect and further claims that the outbreak were under control were as reliable as reported sightings of The Tooth Fairy …

As We Predicted The Coronavirus bill Is The Biggest Assault On Freedom Since World War 2
Things have gone so far beyond what can be considered a rational response to an outbreak of a highly contagious but for most people relatively minor illness that I am starting to believe even the conspiracy theories I know I made up myself. Along with my fellow Boggart Bloggers I predicted weeks ago the current outbreak of the so – called coronavirus would see a massive hyping of the threat level leading up to an assault on our freedoms. And that is exactly what we have seen happening over the past week.

Germany’s Official State TV Channel Cheers Coronavirus For Killing Old People
Trawling around the weirder fringes of the web, as we bloggers and cyberjournalists are sometimes obliged to if we want to bring you the news the mainstream will not report, one occasionally comes across something important but disturbing – like being brought face – to – face with how sick and warped the far left ecopsychos really are. Take a sketch recently broadcast as part of a satirical show the title of which translates as Bohemian Browser Ballet, shown by German state broadcaster ARD.

UK To Ask Citizens Over 70 To Self – Isolatate For 4 MONTHS As Coronavirus Fails To Kill Zillions
UK Health Secretary Matt Hancock today confirmed the government plans to ask people aged over 70 to isolate themselves for up to four months amid a coronavirus pandemic. The goal is to protect them.
It’s quite obvious to us, experienced bloggers that we are, that the government, civil service, law encorgement and national security agencies and all the assorted experts and talking heads have forgotten the lesson our generation learned from The Hitch Hiker’s Guide To The Galaxy …


Coronavirus: EU States Rebel Against Brussels As Van Leyen Demands Borders Stay Open

The cracks in European solidarity are growing deeper by the day as the coronavirus crisis threatens to split the bloc. The response of European leaders has varied from panic, as several member-states have takeen unilateral action including severe border closures, to a laissez – fair attidude, notably from France’s idiot president Emmanuel Macron who favours total inaction, having said complacently that viruses don’t recognise borders.

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The number of confirmed cases outside of China roughly tripled once again this week, and if this outbreak continues to escalate at this pace there will be more than a million confirmed cases in less than a month. But as bad as the official numbers are, the truth is that there are a whole lot more people walking around out there that have caught the virus but have not been tested.

Is the World Health Organization involved in biological warfare research?
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Coronavirus Contains “HIV Insertions”: Claim Stokes Fears Over Genetically Modified BioweaponFor the past two weeks mainstream media reporting of the epidemic of a new strain of coronavirus in China has been getting more and more hysterical. However, reports have pushed back against one “conspiracy theory” about the origins of the virus that has now infected as many as 70,000+ people in the central China city of Wuhan alone (depending on whom you believe).

Corona Virus: Should We Worry
The official data coming out of China and from other sources including the World Health Organisation (WHO) on the spread of the Wuhan coronavirus continues to suggest an exponential growth rate. With more and more infectious disease experts are now openly calling the virus a full-blown global pandemic, many people are asking should we in the west be worried and how bad might things get?

Coronavirus Contains “HIV Insertions”: Claim Stokes Fears Over Genetically Modified Bioweapon
The theory that China obtained the coronavirus via a Canadian research program, and started molding it into a bioweapon at the Institute of Virology in Wuhan before it somehow escaped could be an attempt by the establishment (the Davosocracy,) to spread fear and panic as they see resurgent nationalism across the developed world and growing scepticism about


EU States Rebel Against Brussels As Van Leyen Demands Borders Stay Open

The cracks in European solidarity are growing deeper by the day as the coronavirus crisis threatens to split the bloc. The response of European leaders has varied from panic, as several member-states have takeen unilateral action including severe border closures, to a laissez – fair attidude, notably from France’s idiot president Emmanuel Macron who favours total inaction, having said complacently that viruses don’t recognise borders.

US John Hopkins University Prof Says Don’t Believe Corona Virus Numbers
The number of confirmed cases outside of China roughly tripled once again this week, and if this outbreak continues to escalate at this pace there will be more than a million confirmed cases in less than a month. But as bad as the official numbers are, the truth is that there are a whole lot more people walking around out there that have caught the virus but have not been tested.

Coronavirus: Today’s Theme: Is The Cure Worse Than The Disease – 16 April, 2020

Coronavirus lockdown: Cure worse than the disease?
Bhamy V Shenoy , Deccan Times, Apr 1 2020

Medics prepare to cremate a COVID-19 patient during the nationwide lockdown to curb the spread of coronavirus, in Jalandhar, Thursday, April 9, 2020. (PTI Photo)
Coronavirus in India (Picture: Deccan Times)

Without doubt, the lockdown imposed on the nation on March 24 was needed, even if it could have been better planned and the nation given sufficient notice. It has saved lives by containing the likely spread of the virus. It is time now to seriously consider winding down the lockdown in some fashion, rather than extending it or tightening it. The cost to the nation of the total lockdown may be higher than the benefit if we extend it. This becomes apparent when one compares the Coronavirus-related

deaths in India so far with those in the US and European countries.

The lockdown has already resulted in untold hardships to the poor of India. For the middle class, it is only a question of inconvenience. Some 94% of the Indian labour force work in the informal sector and most have problems meeting the daily basic needs of food.

Financial and other help extended by the government, although it came late, and by NGOs and activist philanthropists, have gone some way in helping some of them get

extended by the government, although it came late, and by NGOs and activist philanthropists, have gone some way in helping some of them get over the hardships.

But we have failed to assess how the lockdown has affected those in urgent need of medical care for diseases far worse than COVID-19. In addition, there are those who might have suffered because of depression as a result of having been confined to their

homes, cut off from friends and relatives. Most of our worries have been focusing on the likely impact on our current and future economic prospects.

Continue reading

Boris Johnson’s Stand-In Backs Up Trump On China: “We’ll Have To Ask Some Hard Questions”

by Tyler Durden, Zero Hedge

Every Buzzfeed-reading lib who immediately dismissed reports about the real provenance of SARS-CoV-2 as just another White House smoke bomb should take note: UK Foreign Secretary Dominic Raab, the man who is Britain’s de jure leader while Boris Johnson convalesces, just backed Trump up.

During a press conference on Thursday evening, a reporter asked Raab about Trump’s comments and the Fox News report claiming the virus leaked from a biosafety level 4 lab at the Wuhan Institute of Virology, likely when an employee was accidentally contaminated. We’ve been raising questions about the virus’s provenance and sharing this ‘conspiracy theory’ for months – we were even deplatformed for it – now, Raab believes that Beijing should furnish an explanation.

Raab replied to a reporter that the UK and the rest of the global community will need to “ask hard questions about how it came about and how it couldn’t have been stopped earlier.”

Because that’s the real point: if these claims are indeed accurate, this would almost certainly prove that instead of focusing on containing the virus, Beijing panicked, proceeded with an (ultimately botched) coverup, and then unleashed an unprecedented plague upon the world, including its own people … Continue reading >>>

And now a word from the staff of our Conspiracy Theorists’ department

Fake News Sites Told You Distrusting China Over Coronavirus Was ‘Dangerous’

Here is a timely reminder of the scores of fake news outlets that dismissed questions as ‘baseless conspiracy theories’.
by Steve Watson, Summit News,16 April, 2020

Now that numerous virology experts are on record as saying it cannot be dismissed, and multiple government and intelligence sources have confirmed that investigations are underway into the possibility that the coronavirus leaked from an unsafe Wuhan bio-lab and China lied about the true scale of the outbreak, here is a timely reminder of the scores of fake news outlets that for weeks and months dismissed both notions as a ‘baseless conspiracy theories’ .

Remember, these sources (this is only a small selection of what is out there), to a varying degree in their dismissals, effectively bolstered Chinese state media and government insistences that questions over the safety of the lab were ‘dangerous’ … Continue reading >>>

 

Lockdown: UK Economy Could Shrink 35% This Quarter, World Facing New Great Depression

A woman carries shopping past closed shops in Leeds city centre, West Yorkshire on April 14, 2020, as life in Britain continues during the nationwide lockdown to combat the novel coronavirus COVID-19 pandemic. - Britain's economy could shrink by an unprecedented 13 percent this year in the case of a …
Picture: Getty Images

Projections released by the Office for Budget Responsibility (OBR) reveal that the British economy could face an unprecedented downturn should lockdown restrictions remain in place for three months.

The OBR said that the British economy could experience a record 35.1 per cent decline in the quarter to June, should the government’s lockdown measures, which are now all but certain to be extended by another three weeks, last for three months.

The projections also predict an increase of £218 billion in government borrowing in 2020-21, reaching a total of £273 billion, representing 14 per cent of the country’s GDP. The borrowing increase would lead to the largest single-year deficit since the Second World War, according to the report.

Though the office concludes that the GDP will “bounce back quickly” in the third quarter, it still predicts that for the year as a whole the UK will face a 13 per cent fall in GDP, a steeper decline than was experienced during either world war or the financial crisis of 2008 … Continue reading >>>

German Economy Slumps, Key Indicators Fall, Underlines Eurozone Economic Decline

With zero growth in the German economy over the final quarter of 2019 as manufacturing remained in a slump and exports fell, the wisdom of Britain’s middle and working class voters choice to leave the failing European Union was vindicated again. The German figures highlight the many challenges facing the Eurozone, which is hamstrung because it consists of 19 different economies (eith of them economic basket cases,) all needing very different solutions.

German’s state statistics agency reported today there was zero growth in the fourth quarter and a mediocre 0.6 percent increase for the whole year. And that paltry figure has only been achieved with the help of financial jiggery pokery from the European Central Bank (ECB)

Germany´s troubles are central to the economic difficulties of the 19-country eurozone economy and the European Central Bank, which has for several years been trying mask the reality of flagging growth and inflation with negative interest rates and newly printed money. Germany has been a manufacturing and export powerhouse in recent years and has propped up the rest of the sigle currency zone, but with German manufacturing in the doldrums and exports rendered uncompetitive due to increased costs imposed by ineffective and pointless “green” policies imposed on member states by Brussels, those areas have been sluggish and only debt funded consumer spending has kept the country out of recession. But debt funded spending is only ever a short term solution.

Carsten Brzeski, chief economist at ING Germany, told a German Financial Newspaper, “In general, the German economy remains stuck between solid private consumption and a paralyzed manufacturing sector.”

Slowing global trade and the uncertainty caused by the U.S.-China conflict over trade have been one problem. Another is structural change in industry, particularly the auto business, where companies must sink billions into developing electric cars and new services based on smartphone apps, both to meet regulatory pressure for lower greenhouse gas emissions and to head off competition from from the tech sector.

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191221-german-green”>
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Currency Wars: Former UN Under-Secretary-General Calls For One World Currency

In this page, we have covered US attempts to expolit its position as issurer of the global reserve currency, and the moves by China and Russia to resist that. Moves to establish the US$ as a true global currency began a long time ago with the creation of the International Monetary Fund at the Bretton Woods conference in the final months of World War 2, with Germany defeated and the world ready to split into capitalist and communist factions…

German Alarm Grows Over EU Determination To Punish Britain For Leaving
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German Alarm Grows Over EU Determination To Punish Britain For Leaving
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EU Very Good for Germany, Not So Much for Everybody Else

 
Former Ambassador to Germany Sir Paul Lever said in an interview today that Brexit will have little real impact on the European Union (EU), which is overwhelmingly controlled by Germany. Short term he may be right, but with the German economy stalling what will prop up the Brussels cash burning machine one britain is gone?

Germany: Economy crisis as growth stalls – car production crashes
Germany’s federal Government today reduced its growth forecast for the second time in two months as plunging car production figures sent shockwaves through the Eurozone. The German economy, has been propping up the economically stagnant EU for years…


Brexit has terrified ‘Brussels bubble’ – German insider

The EU elite “lost faith in their own appeal and abilities” following the Brexit referendum vote and the surge in support for nationalist parties. The knee jerk response of the Brussels bubble was to try (and fail) to punish Britain for defing Brussels in the same way as they had punished small nations like Greece, Portugal and Ireland, which in their perception was the only way to prevent the EU breaking apart.

Full Catalogue Of Posts On Germany

Climate Catastrophe Threat Lacks Credibility – Evidence Does Not Hold Up

Greta Thunberg (well obviously the wealthy Marxists behind the far left campaign to destroy the economy of the developed world that the little Swedish muppet is fronting because of her ’emotional blackmail’ factor, and the Extinction Rebellion loonies have been ramping up the hysteria about an imminent, global climate catastrophy that could destroy life on earth.

Well us punters are not buying it, oh yes, mainstream media are dutifully reportint the scaremongering as if only a few obdurate die hards are still calling the claims of the warmageddonist lobby fake science, but in reality, while the noisy few, the virtue signalling addicts of the university brainwashed left are screaming and shouting the overwhelming majority of us just see it for what it is, a power grab by the globalist elites who want to abolish democracy, national sovereignty and personal independence and create an authoritarian world government.

That the human race is still “alive and well” after the preidicted catastrophes of 2000, 2005, 2010m 2012, 2015 and 2017 failed to materialise speaks loudly of our ability to adapt to the planet’s changing climate or of the hypothetical nature of the climate trends that were predicted to cause runaway tembperature incrases, rapidly rising sea levals, mass extinctions, the disappearance of the ice caps and all the rest.

The hypothesis that human activities, specifically the generation of carbon dioxide by industry, transport, home heating, agriculture and permafrost ment is causing the global temperature to rise is not supported by the climate models themselves. As for the reality (not something scientists are familiar with) the global mean temperature has not risen for twenty years.

Those highly scientific mathematical models of the climate that are using atmospheric CO2 as a benchmark for when tipping point is reached and climate change becomes irreversible have yet to match actual world conditions in their forecasting.

Additionally, some 1,500 peer-reviewed scientific papers published between 2016 and 2018 are skeptical of human-caused climate change. In 2019, there are about 200 more such reports, including scientists in Finland who found “practically no anthropogenic [man-made] climate change” after a series of studies. Their results have been corroborated by scientists in Japan.

Chinese scientists say they have found evidence beneath a lake in northeastern China that ties climate change to 500-year sun cycles. And therein lies the major factor in earth’s changing climate . . . the variable output of the sun’s energy . . . cycling between Solar Maxima and Solar Minima conditions. Ominously perhaps, the sun is cycling towards the lowest energy output in two centuries, and the many record snowfalls and record cold temperatures (over 7000 in the U.S. alone) being set in many parts of the globe may be a precursor of the global cooling in our near future.

So rather than being scared into surrendering ourselves to the tender mercies of a global slave state, shouldn’t we be prepping to deal with the coming cold spell? To qoute a saying I’ve heard a lot these past few years –

WINTER IS COMING

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Why Are The World Government Schemes, Agenda 21 and Agends 30 blanked by big media?

Since the early days on the old blog.co.uk platform we have from time to time raised the issues of Agenda 21 and Agenda 30, The New World Order, and the push for a global, authoritarian, socialist government. Any mention of these things in online forums is certain to get the author accused of being a conspiracy theorist, a right wing extremist, a nutcase, a young earth creationist and much worse.



Greta Thunberg Slams Australia for Coal Industry, Expands List of Climate Demands

Little Greta Thunberg, who was elected by nobody apparently now speaks for us all on matters relating to climate change. The Swedish climate change hustler who is making a fortune for her handlers from donations to her campaign, again castigated Australia for continuing to mine and export coal despite her previous complaints, adding a call for an end worldwide to the actibity to her list of climate demands to be delivered at the upcoming World Economic Forum in Davos …

Another Kick In The Bollocks For Warmageddonists And CAGWARTS*

I’ve had many arguments with the Warmageddonists, the people who have been saying that if we did not shut down all coal, oil and gas related activites the earth was going to turn into a giant furnace and we would all burn. When the scaremongering first started, the deadline for frying was “after dinner”. Then it got to “Tomorrow …… or the day after tomorrow perhaps,” then “next year”, “before 2050,” and eventually “soon.”

War and Politics Behind Mass Displacement in Africa, Not Climate Change – UCL

A report from a new study conducted by University College London’s may cause a stir in the climate scaremongering industry. The report challenges the academic establishment’s standard narrative of mass displacement in Africa being principally responsible for the creation of refugees in Africa and casts doubt on a number of other assumptions about global problems.

Trump Announces US To Quit The Paris Climate Accord

Fulfilling another campaign pledge, US President Donald Trump yesterday announced the U.S. would withdraw from the Paris climate pact and that he will work to renegotiate the international agreement in a way that treats American workers better. “So we are getting out, but we will start to negotiate and we will see if we can …

Disastrous Manufacturing Figure Herald German Economic Recession

Germany has long been the prop that held up the economically feeble EU, in which more than helf the 27 members that will remain in the bloc after Britain leaves are economic basket cases (some due only to the strictures of Eurozone membership, others because of the traditional weakness of their national economies,) so with Germany slipping towards the recession we and other well informed blogs and news site have predicted since Merkel’s ‘open doors’ immigration policy allowed a couple of million iliterate, uneducated, unskilled and unemployable immigrants to flood into the country, incresing the bill for welfare services exponentially, problems for Germany’s high – tech manufacturing led economy which needs highly skilled, well educated and adaptable workers and professionals was inevitable.

When we wrote about the early signs of recession in the German economy we were scoffed at, called far – right nut jobs and conspiracy theorists, and inevitably, racists because anyone but a racist would know that a couple of millon unemployable immigrants living on benefits can only boost a high – tech economy.

Today, for all the auusurances by Europhile politicians and bureaucrats that everything in the European Union is on the up and up, Germany is on red alert for recession following the biggest collapse in activity for its mighty industrial sector since the financial crisis. Technically Germany already is in recession, they’re just not willing to admit it.

The eurozone’s bigge,t and most powerful economy relies on exports but its car industry has been punished by a slowing global economy,   government policies promoting electric vehichles which nobody want to buy because they are hideously expensive and useless, and the fallout of the trade war between the US and China.

Financial information service IHS Markit’s latest snapshot of Germany’s manufacturing growth – where a score under 50 signals contraction – dipped to 41.4, its worst level since 2009, as demand from non – EU trading partners slumped. There were also worrying signs that the manufacturing slump is spreading to the service sector after firms in that sector experience their first fall in new business since 2014.

Confidence among German businesses is the weakest since 2012, private sector job creation is stalling after six years of growth and companies are eating into backlogs as new orders begin to dry up, the figures showed.

Germany’s economy shrank an overall 0.1pc between April and June. Monday’s dire survey data comes after recent official figures showed a sharp 0.6pc drop in industrial production in July.

Phil Smith, principal economist at IHS Markit, said Germany’s manufacturing data was “simply awful”, with combined readings for services and manufacturers “firmly in contraction territory” and the weakest for almost seven years.

MORE on GermanyEurope
The Daily Stirrer
 

Cracks In EU Unity Facade Are Beginning To Show

Coincidental with the bizarre events in the UK’s Supreme Coirt, where judges tried to usurp the power of parliament to themselves in a globaloist bid to stop Brexit, the economic situation in Europe, which as we have reported many times is dire, has entered into a critical period.  With one of the two net contributors o the EU treasury about to leave,Germany, which for decades has propped up the bloc financially as more and more economic basket cases were absorbed into Brussels’ wannabe empire, has stumbled into if not actually a recession then something very like one

Year on Year (YoY) growth in the German economy, from July 2018, July 2019 is 0.4% – what you would expect in the middle of a depression, and significantly less than the official inflation rate (while the real rate of inflation is, predictably, higher still. UK growth figures are slightly better coming in at 1.2%. Poor old Italy recorded a GDP growth of -0.1% YoY, (that’s a minus sign by the way).

Italy has a Debt-to-GDP ratio of 132% and finally France with a growth rate of 1.4% and a debt-to-GDP of 97% is effectively broke. That’s the big four in the EU/Eurozone.

So, the biggest economies in EU/Eurozone have a growth rate ranging from -0.1% to 1.4%. Oh, and I almost forgot negative interest rates are now becoming the norm in The Eurozon and 85% of German Bunds are non-performing and/or at negative interest rates.

Inexplicably the ECB is getting geared up for another round of QE, which means that the euro is going to be devalued. Of course, the Americans aren’t going to be best pleased with this turn of events but doubling down on the policy that failed is par for the course with the EU. Only a few years ago they decided the way to resolve the problem of mass immigration was ………… more mass immigration, and are currently proposing more politicalintegration of member states to counter the resurgence in nationalism triggered by …………….. wait for it ………………. forcing political integration on member states.

By failing to support US trade tariffs on nations that have pissed off Washington, the EU has involved itself peripherally in the US tade war with the world. but this can onlu=y increase problems. Germany in its present economic travails, and lined up to take the biggest economic hit from Brexit, is not going to welcome any increased costs for its export industries.

Most importantly this includes the cost of the raw material essential to Germany’s manufacturing/export sector. Natural Gas and oil are piped to Germany from Russia and the construction the of Nordstream 2 pipeline, which the US wants to alt to put Putin in his place, is crucial to the German economy. America wants to force Germany to buy more expensive, less reliable, Liquified Natural Gas (LNG) by taking alternative suppliers out of the picture and is threatening to impose sanctions on any company and/or state to get their own way.

GERMANY’S ENTSCHEIDUNGSZEIT (DECISION TIME)

This is a clearly a case of “deja vu all over again” and a moment of truth for the Germans. Do they do what the Americans tell them, which would be economic suicide, or will they pursue their national interests and give Uncle Sam the finger. This was precisely the setting in 1985 though with Japan then the object of US financial and economic destabilisation.

The Plaza Accord was a joint-agreement, signed on 22 September 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United States, and the United Kingdom, to devalue the U.S. dollar in relation to the Japanese yen and German Mark. The resulting recessionary impact which pushed up the value of the Yen against the dollar in Japan’s export-dependent economy.

This created an incentive for the expansionary monetary policies that led to the Japanese investment bubble of the late 1980s. The Plaza Accord triggered the Japanese asset price bubble, which progressed into a protracted period of deflation and low growth in Japan known as the first Lost Decade. Has Germany, and by implication Europe learned the lesson one wonders?

Bearing this in mind it should also be noted that Germany is a big investor in Russia.

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Green Hysteria Is Destroying German Economy

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 (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.”

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