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This compilation of financial-related insights includes videos from Peter Schiff, Steven Van Metre, The Atlantis Report, George Gammon, Tech Revolution, and Liberty and Finance.
Peter Schiff on episode 932 of his show explains how a soft landing is impossible. Steven Van Metre reports on a major economy unexpectedly tanking and it could kick off the next crisis. The Atlantis Report shares news of the coming recession in 2024 that will be unlike anything ever seen. George Gammon explains how the Fed cannot prevent a recession. Tech Revolution shares news of the EU declaring Germany broken and China’s economic takeover of Europe. Bob Moriarty, marine, naval aviator, and financial author joins Liberty and Finance to discuss why a CBDC reset won’t work and could go toward a revolution.
Peter Schiff
Streamed live Nov 17, 2023
A Soft Landing Is Impossible – Ep 932
Steven Van Metre
Nov 17, 2023
A Major Economy is Unexpectedly Tanking (And Why It’s Going to Kick Off the Next Crisis)
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The Atlantis Report
Nov 17, 2023
2023 was haunted by loud talks of a coming recession. While we haven’t seen a full-blown recession yet, it is clear that what we’ve seen so far are clear indicators that all is not well. With debt levels reaching record highs, the purchasing power of Americans is reaching all-time lows and the coming days seem so bleak. The economy is gradually sailing into much stormier waters and analysts say the 2024 recession will be unlike anything we’ve seen before.
George Gammon
Nov 17, 2023
WARNING: The Fed Can NOT Prevent A Recession (Here’s Why)
Tech Revolution
Nov 17, 2023
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In recent years, Germany has been a beacon of economic success, thriving on the export of its high-end machinery and luxury cars, particularly to burgeoning markets like China. This symbiotic relationship was a win-win situation, with Germany raking in profits and China enjoying a steady stream of quality products. However, the dynamics shifted dramatically with the conflict between Russia and Ukraine, casting a shadow over Germany’s economic stability. This blog delves deeper into the multifaceted challenges facing Germany, examining the potential industrial exodus, a housing crisis, and the disruptive ascent of China in global industries.
The Ripple Effect on German Industries:
Beyond the immediate energy crisis caused by the conflict, Germany’s intricate web of international trade relationships faced a severe jolt. The disruption in the supply chain, particularly the flow of cheap parts and materials from Asia and eastern Europe, poses a significant threat to the German manufacturing sector. The ongoing crisis necessitates not only short-term solutions but also a strategic reassessment of Germany’s economic approach to ensure sustainable growth.
European Union’s Economic Concerns:
The economic concerns extend beyond Germany to the broader European Union. The escalating deindustrialization, fueled by soaring energy prices and the geopolitical unrest in Ukraine, is a cause for alarm. Manufacturers within the EU, especially in Germany, are grappling with heightened stress levels, with the possibility of an ‘industrial exodus’ looming on the horizon. Surprisingly, German manufacturers are actively exploring new territories such as China and the United States, driven by the allure of lower energy prices and taxes.
Housing Crisis in Germany:
The construction sector, a vital component of Germany’s economic engine, is experiencing a concerning downturn. In October, a record 22% of construction companies had to cancel home-building projects, signaling a significant setback. Almost half of these companies report a lack of sufficient orders, indicating a broader trend of economic uncertainty. Expectations for the housing construction industry have hit an “exceptional low,” underscoring the prevailing pessimism in the sector.
China’s Economic Rise and Industrial Dominance:
While Germany grapples with internal challenges, the external threat from China’s economic ascendancy looms large. China’s ambitious plan to become a global transportation superpower is disrupting traditional European dominance in various sectors. Excelling in rail, high-speed rail, shipbuilding, and commercial aerospace, China has not only seized a considerable share of global markets but is also challenging European manufacturers on their home turf. The automotive industry is a notable example, with Chinese companies outpacing Germany in electric vehicle sales and poised to surpass Japan as the world’s largest vehicle exporter in 2023.
Vanguard’s Setback in Germany:
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The financial sector, too, is not immune to the challenges faced by Germany. Vanguard’s decision to close down its online platform for everyday investors, Vanguard Invest, after a careful review of its business in Germany, underscores the complexities of selling investments directly to German citizens. This setback is emblematic of broader challenges in Germany’s financial climate, demanding a closer look at the resilience and adaptability of its financial institutions.
Conclusion:
As Germany stands at the crossroads of economic uncertainty, the need for strategic adaptation and innovative solutions has never been more critical. Navigating these turbulent waters requires a comprehensive approach that addresses both internal challenges and the shifting global economic landscape. Germany must not only weather the current storm but also position itself to thrive in the face of evolving challenges and the rise of new global economic players, particularly China. The path forward demands proactive measures, collaboration, and a reimagining of traditional economic models to secure a prosperous future for Germany and the European Union.
Liberty and Finance
Premiered Nov 17, 2023
Central bank digital currency would simply transfer total control to the government, says Bob Moriarty, marine, naval aviator, and financial author. The people won’t stand for that, he says. He points to the Canadian trucker rally as hope that people will stand up for freedom and succeed. He also discusses ways to protect finances against overreach by government.
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