Wednesday, April 10, 2024

Another Casualty of the Ukraine Proxy War: the German Economy


Rheinmetall Germany economy Ukraine war military industry collapse economy decline debt

Auto companies and other manufacturing firms are leaving Germany, due to the effects of sanctions, high energy costs, the anti-growth Green ``transition", etc.  The one area where investment is increasing is defense spending, to make Germany "war ready", to "defend" Europe from the imminent invasion they claim is coming from Russia.  Underlying their wrong-headed economic thinking is the failure to understand that government credit is a necessary function of an economy, as designed by Alexander Hamilton to build the U.S. at its founding, and by Lyndon LaRouche, in the projects he advanced for global economic development.

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