The Germans will pay for everything: They published a scenario for the collapse of the German economy

The Germans will pay for everything: They published a scenario for the collapse of the German economy
The Germans will pay for everything: They published a scenario for the collapse of the German economy

/Pogled.info/ Der Spiegel and Tsargrad TV are two, it seems, completely opposite media. It is difficult to understand how they get along not only on a small planet, but even in one part of the world. But sometimes opposites come together – today Tsargrad reads and comments on an article by Der Spiegel about the collapse of the German economy. Some places we could not even write more dramatically.

“Putin’s War”

The German magazine Der Spiegel, which is positioned as the largest and most important in Europe, published an alarming article about the state of the German economy.

Under the material there are 11 signatures at once – these are the key employees and authors of the magazine, that is, we are not looking at a freak, but at a well-thought-out fruit of collective creativity.

You need to understand what “Spiegel” is. This is not some The National Interest, which imitates an independent point of view of the West in the interests of Russia – this is a respected media with a marked orientation.

Der Spiegel translates as “mirror” and when Russia falls into that mirror, the reflection turns out to be, shall we say, strange. The newsroom apparently has a separate cabinet of black paints to describe our country.

It is Spiegel who supports the investigative group Bellingcat* and The Insider*, recognized in Russia as foreign agents and then added to the list of undesirable organizations. The procedure for recognizing a foreign agent sometimes seems very strange in our country, but in this case there can be no questions: these guys are directly controlled by Spiegel and his curators.

That is, we could not see political sympathies for Russia and pro-Russian forces here – and we did not see them. There are no hints that the problems are solved by a simple agreement with Moscow, the article only complains about their own prosperity.

There is exactly one mention of relations with Russia and, uncharacteristic of a highly professional publication, it is patently false:

“Putin’s economic war is hitting the Federal Republic where it hurts: the price of gas, which has more than quadrupled, is undermining competitiveness in almost every industry.”

Unfortunately for Tsargrad, there is no Putin economic war. Russia regularly sells fuel to anyone willing to pay for it – including hostile countries. Should Hungary withdraw from anti-Russian sanctions? No – but Russia is supplying her with more and more gas.

At least the Hungarians weren’t rude – but Russia resumed gas supplies to Latvia (!). We also allow our “friends” to resell our own resources, supporting the European economy. Economic warfare looks quite different.

Appeal to the fifth point

The authors come in trumps, immediately catching the burgher under the belt:

“If you want to know what’s next for the German economy, you can talk to car plant managers or professional economists, look at inflation data or stock prices. But look at a product as everyday as it is indispensable: toilet paper.”

From the text, by the way, we learn that three- and four-layer paper is most in demand in Germany, while in Russia it is considered a practically elite product, owned by the privileged few. But it is becoming increasingly difficult to produce this product – technological processes are very energy-intensive.

Therefore, the authors consider it significant that one of the oldest producers of the “indispensable product” went bankrupt – the Hakle company is no longer able to pay for gas and electricity.

It would be nice if the demand for a more expensive “product” increased, but no – economical Germans are switching to the usual two-layer rolls. In this way, they deal a serious blow to their own economy.

“The question is no longer whether a crisis is coming. The question is how bad it is and how long it will last,” the authors state and declare “a tragedy in five acts.”

Let’s briefly retell the plots of each action.

Black political painting

This tragedy consists of five acts and begins with an energy price shock.

The producers most dependent on electricity and gas have suffered: paper, fertilizers, steel.

By selling their products, they pass on price increases to other sectors, from industrial groups to medium-sized companies.

Businesses have no choice but to pass on price increases to consumers who are saving money to pay skyrocketing electricity and gas bills.

As a result, consumption decreases, the first companies surrender, bankruptcies begin – and unemployment increases. Along with social tension, but the authors are silent about it.

Recession, decline in GDP.

Announcing this scenario, the authors specify that “nowadays it is difficult to know where the line is between political black painting and justified panic.” But a more detailed description of the situation leaves no doubt: Germany is really bad.

Here, for example, are the experienced steelworkers of the Georgsmarienhütte Group. The managing director is in despair: in order not to go bankrupt, it is necessary to increase the prices of steel by 50%, and for some reason the customers do not agree with this.

They already buy steel from China and India, where energy resources are many times cheaper. And this is nothing – competitors from Arcelor Mittal have already closed two plants. And then – a sad feature of globalization (without using that word):

“The corona crisis has already shown how easily modern manufacturing processes can fail. Supply chains are intertwined like clockwork parts. If one screw fails, the whole machine can stop.”

Crises flow from one to another. Due to the lack of the same steel, buyers sometimes have to wait a whole year for a new Golf. But during this time, thanks to rising utility costs, buyers become poorer and refuse to buy: excess demand very quickly turns into a demand crisis.

The German Association of the Automotive Industry sharply revised its market forecast for Germany from a 3% increase to minus 6%. And it looks like this isn’t the last fix.

Germans are known for their responsible attitude to finances. Ours grab credit cards like hot bread in a crisis – the German has a different mentality. And if people buy less, companies sell less.

But without selling they cannot survive. In August alone, the number of bankruptcy filings increased by a quarter compared to the previous August, and a third increase is planned for October.

As a result, the GDP decline will be 0.7% in 2023. But GDP is nonsense, a dead figure, the real employment of the population is another.

Prices are up → sales are down → businesses are closing → unemployment is rising → sales continue to fall → more businesses are closing → people are back on the streets.

Impressive.

What follows from this?

If this text were written by Russian agents called upon to sow panic in a hostile country, they could not have done their job better. The only thing missing from the material – and its experienced authors simply cannot help but see it – is Cicero’s classic question Qui bono, who benefits?

Because, to quote another classic, “the answer is terribly simple, and there is only one answer.” The economic hardships created by the artificially created hostility between Russia and Germany have primarily benefited the United States of America, an energy self-sufficient country with little dependence on world oil and gas prices.

The brilliantly played Washington intrigue aims to kill two birds with one stone – the economies of Russia and the European Union. And then there will be only two centers of power left in the world – the USA and China.

Of course, the same China that buys resources at ridiculous prices as well as the Rooster countries successfully maneuvering between hostile camps get a side benefit; Turkey and Kazakhstan stand out here.

But the organizer and initiator of the mutual economic strangulation of Europe and Russia is Washington and only Washington.

Therefore, the answer to another classic question “What should I do?” implies an answer in itself.

Europe can solve its problems in an instant: stop supporting Ukraine, declare its neutrality in this conflict and abandon anti-Russian sanctions. We emphasize: Europe, not Germany.

If the Germans leave the anti-Russian bloc alone, the US will hit them with such sanctions that the industrial, export-oriented country will not be able to sell anything at all – the increase in gas prices will look like child’s play compared to the consequences of American retaliation.

But the US simply will not be able to punish the entire European Union – because then they will remain in international isolation, for the first time in their history. There are France, Germany, Russia, Great Britain – and Americans just have to experience these spicy emotions.

In this regard, the main election in 2024 is not the US presidential election – it will change little, not the Russian presidential election – it will not change anything, but the European Parliament election.

If lawmakers who are determined to protect the interests of their constituents, not Wall Street, get a majority, the situation could change radically.

But the German “Mirror” could not write about it.

Freedom of the press – nothing can be done.

* Bellingcat, The Insider – recognized by the media as foreign agents and undesirable organizations in Russia.

Translation: SM

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