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Germany is now officially in Recession -- Eurozone Economic Collapse !!

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https://youtu.be/GhNa3nuG778

????Germany is Now Officially in Recession -- European Economic Collapse !
The German economy is slowing down. It has been for more than a year.
German GDP growth slides to six-years low . Germany is now in a technical recession. The Chief Business Editor of respected German broadsheet \"Die Welt\" called Germany \"The sick man of Europe.\"
Bank of America Merrill Lynch is now tracking the recession in Germany.
Their German GDP tracker has deteriorated to -0.1% quarter-on-quarter, mean that Germany is heading towards the two consecutive quarters of negative growth defined as a technical recession. Bank of America Merrill Lynch points to extremely weak factory orders as well as the yellow vests disruptions in France for the continued downturn. Britain, on the other hand, is the fastest-growing European country in the G7.

There are multiple reasons for this, one of which is, of course, the global economy as a whole is not doing well.
The rapid slowing down of manufacturing in Europe\'s largest industrial hub has seriously weighed on employment, now declining for the first time in six years.
October saw employment across the German private sector fall, even if only slightly, for the first time in six years.
Germany has decided to Cut 400,000 Auto Jobs In Next Decade As Car Production Crashes, like Audi, Mercedes-Benz, BMW, Volkswagen, and Porsche transition to electric car sales.
The automotive industry in the country supports 800,000 jobs and indirectly supports 3 million more.
Germany, and Europe in general, might be looking at a severe economic crisis. Some argue it\'s going to be up there with 1929, or 1921.
Demographics are a problem for Germany, as for many other European countries. They have tried to solve these problems with immigration, but among unskilled migrants (of whom there are many), long-term unemployment is high. Demographics are hitting all the major western countries hard. This isn\'t a problem that\'s 50 or 80 years away. Those times are the endgame. This problem is reverberating and hitting countries hard right now.

Many European countries, hoping to solve demographic problems via immigration and also driven by humanitarian concerns, have ended up spending a lot of money on immigration.
Germany sees migration-related spending of 78 billion euros through 2022, says a report.
German banks are also having big problems.
Deutsche Bank job cuts are the tip of the iceberg for the finance industry.
And the German economy is getting into difficulties as the German Industrial Recession Drags Economy Deeper Into Slump.
If Greece should default, German banks will be in trouble.
Some argue that the Euro cannot work across such a wide area. Indeed, it probably can\'t work without closer European integration. That integration is proving elusive. The Euro is priced ideally for Germany, and not ideally at all for southern Europe.
It doesn\'t look to me like the EU can survive in its current form. I think it will crumble into a series of looser agreements when even Germany has problems, that maybe when things really start to go wrong.

The dollar funding crisis is real and accelerating, as is the implosion of the German economy. And it\'s not just Germany anymore. The French PMI print was dreadful, and the whole of the composite PMI for the Eurozone staggers on contraction.
What everyone needs to worry about now is the reversal against the massive move into European sovereign debt. These bond yields have defied gravity all year and cannot be sustained against a declining euro.
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How an Economy Grows and Why It Crashes by Peter Schiff : https://amzn.to/33Tk8Ky

Bitcoin: The End Of Money As We Know It https://amzn.to/31TXAqX

The Death of Money: The Coming Collapse of the International Monetary System https://amzn.to/2L2688q

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