German Govt Release Inflation Data, Surpasses 30 Percent
Apr 21, 2022 0:37:36 GMT -5
Post by ExquisiteGerbil on Apr 21, 2022 0:37:36 GMT -5
German Govt Release Inflation Data, Hyper Production Inflation Surpasses 30 Percent, Highest Rate Since 1949
April 20, 2022 | Sundance
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
Germany is the largest economy in the European Union. This level of inflation within Germany has major ramifications.
First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products. There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient. Germany is dependent on Russian energy.
Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance. In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness. The U.S. proxy war against Russia does not benefit Germany, at all.
Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday. Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation. This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.
If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden. Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.
Continued at link
April 20, 2022 | Sundance
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
Germany is the largest economy in the European Union. This level of inflation within Germany has major ramifications.
First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products. There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient. Germany is dependent on Russian energy.
Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance. In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness. The U.S. proxy war against Russia does not benefit Germany, at all.
Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday. Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation. This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.
If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden. Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.
Continued at link