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It goes downhill. The economic institutes warn. The World Trade Organization lowers its forecasts. The industry is preparing for the worst. Inflation continues. The energy crisis is getting worse. In the middle, the EU and the traffic light government are trying to control the situation. But they brought it about themselves. High mountains of debt, energy transition, climate ideology and sanctions against Russia, which harm Germany more than Russia, are leading Germany further into the abyss of de-industrialization.
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Economic institutes are lowering growth forecasts even further
If Russian gas imports disappeared, growth would stop altogether. The country would slide into a severe recession. Inflation would rise to the highest level since the founding of the Federal Republic of Germany.
Futurologist sees humanity facing great change through digitization and transhumanism
The Israeli futurologist Yuval Noah Harari sees humanity facing a major change. His ideas seem to be inspiration for Klaus Schwab’s visions of the future: It’s about the digital revolution and transhumanism.
Elites seem interested in escalating and prolonging the conflict
The author and journalist Ernst Wolff asks: “Why have the North Atlantic allies been heating up this conflict incessantly and systematically since it broke out, instead of making every effort to settle it as quickly as possible?”
Global growth could halve
After the corona lockdown, there is now an energy crisis and a war in Ukraine: The forecasts of the World Trade Organization look bleak.
OPEC warns of ill-considered consequences of sanctions
Western politicians are overturning their calls for sanctions against Russia. However, experts warn against such hasty decisions. OPEC Secretary General Barkindo explains that a loss of Russian oil production as a result of sanctions cannot be compensated for.
Against sanctions that hurt Europe more than Russia
Although the Netherlands gets more natural gas from the North Sea and is less dependent on Russian gas than Germany, they warn against a total embargo on Russia.
Every seventh citizen has problems with everyday expenses
According to a YouGov survey commissioned by Deutsche Bank and Postbank, 15.2 percent of Germans can no longer afford their living expenses.
The warning from the Federal Network Agency follows the warnings from the industry
The Federal Network Agency warns of decisions “that have terrible consequences for companies, for jobs, for value chains, for supply chains, for entire regions.”
Natural gas: Germany’s economy is hanging by a thread
Two thirds of the natural gas in Germany is consumed by the manufacturing industry. If it collapses, the entire German economy will be in trouble. The alternatives look meager: Qatar has too little production capacity and German natural gas has to be produced with fracking.
“Policy of resilience”: Always new impertinences for the citizens
Absurd demands: We Germans should learn more suffering and renunciation in order to save the climate, take in the migrants of the world and wrestle down Russia with sanctions. A comment.
Natural gas from Russia cannot be replaced yet
Christian Lindner (FDP) has arrived in reality: “We must provide for severe sanctions, but gas cannot be substituted in the short term […] We would harm ourselves more than him.”
Smaller balances are also increasingly affected
More and more banks are charging penalty interest for savings. More and more small and average savers are said to be affected.
Panic in the German economy: the worst crisis since the Second World War is imminent
German industry is in a panic. A sudden shutdown of Russian gas supplies could plunge Germany into the worst economic crisis since the Second World War.
Russia sanctions will hit Germany particularly hard
Business is worried about sanctions against Russia. “Do we want to destroy our entire economy with our eyes wide open?” asks BASF CEO Martin Brudermüller in an interview with the FAZ.
Who pays the bill? The taxpayers and consumers
Germany is one of the countries that have suffered the most from the sanctions against Russia. We have to pay for it with our standard of living. Habeck is now considering how the costs can be compensated fairly.
States and regions of the world are thrown back more on themselves
The world economy will break into blocks again. A new “Iron Curtain” will divide Europe.
The most effective way to become less dependent on fossil fuels
The energy transition was a big mistake. More and more experts are coming to the conclusion that the diversification of energy sources should urgently include nuclear energy. Germany had prematurely abandoned nuclear power.
Everything is getting more expensive: from production to the prices for the end consumer
Inflation in Germany reaches new highs. Average price increases of 7.3 percent were recorded for the month of March.
Here we go!
The traffic light coalition is still reassured that they have the energy supply situation under control. But Habeck has already declared the early warning level of the emergency plan.
What now, Mr. Scholz, Mr. Lindner, Mr. Habeck?
The German Council of Experts must significantly lower its forecasts. The inflation rate will reach record highs.
If there is an energy boycott, there is a risk of a deep recession
According to the IMK, an embargo would cause a deep recession in Germany this year. In this case, GDP would shrink significantly.
Who should pay for this? The taxpayer, of course!
100 billion for the ailing Bundeswehr, 200 billion for climate protection, over 30 billion for two relief packages and the Corona legacy of around 350 billion euros. The traffic light just throws the money around like there’s no tomorrow. And who has to foot the bill in the end? Exactly: the taxpayer!
»There are also harder days ahead in Germany«
Steinmeier explains that these days would also change Germany, “perhaps faster than we thought possible.” And then something comes along that almost sounds like a threat: “And the whole truth is: there is still a lot of hardship ahead of us .«
»The German economy is facing difficult times«
More and more companies, associations and economic experts are concerned about inflation.
Energy prices drive manufacturers to ruin:
The energy transition of the Merkel government, which is continued by the traffic light, threatens another branch of industry in Germany.
Trigema boss Wolfgang Grupp warns:
The economy urgently needs Russian gas. As long as Russia is still delivering, you should take the gas. His company is suffering from the high gas prices. If this continues, he would have to stop production.
Too little natural gas for industry and households
The Green Economics and Energy Minister Robert Habeck bows to the facts and admits: Without natural gas and oil from Russia, it will not be enough to get households and industry through next winter.
Although Russia supplies oil and gas in the agreed quantity and at the agreed price
Oil and gas supplies from Russia to Germany continue to be on the scale agreed in the contracts concluded many years ago. Even at the prices set at the time. Nevertheless, energy prices in this country are rising rapidly. Someone is obviously stuffing their pockets full.
Broken retail chains and commodity prices are a concern
Enormous price increases for energy and raw materials and rising inflation are worrying the economy. The traffic light government now admits that it sees “substantial risks”.
In winter, energy could run out
In the event of an immediate and comprehensive energy embargo against Russia, supply bottlenecks threaten Germany in the winter, admits the Green State Secretary.
Sanctions will permanently damage Europe, governments will fall
The economic war will plunge Europe into a sustained crisis with high inflation, poverty and social unrest. Russia will join forces with China and other emerging countries that benefit from the commodities.
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