According to the German minister of the economy, the country’s economic situation is “dramatically bad”. That’s an exact quote!
He attributes the situation to 3 factors:
- High energy prices
- Increased military expenses
- Reduced exports to China
And incredibly, when you think about it, all 3 are pretty much directly caused by the US.
High energy prices in Germany stem from the war in Ukraine and the fact it can’t get cheap gas from Russia anymore. War in Ukraine caused by NATO expansion – an American decision – with the severing of Germany’s energy dependency on Russia a long time, openly stated, American objective (which is also why it’s most likely the US who blew up Nordstream).
Same thing for high military expenses, also caused by the war in Ukraine, as well as fear by Germany – very much confirmed by Trump’s recent declarations – that the US (or Ukraine) couldn’t be depended upon in the long run for protection.
Lastly reduced exports to China coincide with the shift of US strategy towards the country, from engagement to containment, and the imposition on their “allies” to follow them in that pursuit. And when they prove reluctant, the US employs indirect methods to force their hands, as we’ve just seen with Germany’s BASF. The company, suffering from high energy prices, shifted a lot of production to China.
Interesting coincidence, last week, the Victims of Communism Memorial Foundation, an anti-communist propaganda shop founded by an act of Congress, found links between BASF factories in China and “human rights abuse of the Uyghurs”. Immediately the company received a letter from the Inter Parliamentary Alliance on China (IPAC), an international group of legislators essentially charged to pressure governments into containing China (with members like Marco Rubio), threatening them with grave consequences for their business if they didn’t close shop at the relevant factories. Because “human rights” 🙄 The company didn’t have a choice and announced they would…
And just yesterday the Victims of Communism Memorial Foundation interestingly found links between Volkswagen and “human rights abuse of the Uyghurs”, I’ll let you guess what happens next…
Vir: Arnaud Bertrand
DAMIJAN blog 