This compilation of financial-related insights includes videos from Joe Blogs, Tech Revolution, Gregory Mannarino, ITM Trading, Steven Van Metre, and Michael Cowan.
Joe Blogs reports on Argentina being in deep trouble with the uncertainty of their new president and if the economy will be saved or destroyed.
Tech Revolution shares news of big companies fleeing Germany, IMF issuing a warning, and the energy crisis deepening.
Gregory Mannarino provides a look ahead at the markets with the 2024 endgame and final solution.
Taylor Kenney on ITM Trading talks about the countdown to the launch of CBDCs in the US and if the Fed has authority without approval from Congress.
Steven Van Metre says it’s all about to come crashing down.
Michael Cowan talks about central banks doing the unforgivable.
=======================================
Advertisement
______________________________________________________
Joe Blogs
Dec 17, 2023
GENUIS or MADMAD? That is the question that everyone is asking about Argentina’s new President Javier Milei. Argentina is facing ECONOMIC MELTDOWN as Inflation hits 161%, Interest Rates are now at 133% and the PESO has COLLAPSED. In this video I look at the meteoric rise of Javier Milei, the problems Argentina is facing and discuss the first round of changes that Milei has introduced since becoming President.
=======================================
Tech Revolution
Dec 17, 2023
Germany, known for being really good at making and selling things, is facing some pretty tough times. We’re going to take a deep dive into what’s going on – from big companies leaving to problems with houses, a squeeze on the government’s money, and more. So, buckle up for a detailed journey through Germany’s economic rollercoaster.
The Economic Exodus
Let’s start with the companies. Imagine big companies like Michelin and Goodyear, known for making tires. Well, they’re packing their bags and leaving Germany. Michelin is saying goodbye to German plants and moving everything to Poland. Goodyear is doing the same, and about 1,800 jobs are feeling the impact. Even Vallourec, a French group, stopped making something important for Germany’s exports – seamless pipes.
And guess what? It’s not just these companies. Even big names like Volkswagen AG and Mercedes Benz are thinking about moving their production away from Germany. This is happening because of a problem with getting enough energy, especially because Russia, a big supplier, hit the pause button on sending gas.
Chemical Sector Struggles:
Now, let’s talk about the chemical sector – a big industry in Germany. BASF, a major player, is having a tough time because energy prices are going up. It’s like when the price of something you use every day suddenly becomes more expensive, and it affects your plans. BASF had to give a warning about not making as much profit as they wanted. Also, Linde, which makes industrial gases, decided to trade its shares in New York instead of Frankfurt because they think Germany might not be the best place to grow.
Advertisement
______________________________________________________
Even a South African company called Sappi is thinking about selling its factory in Bavaria. So, you see, it’s a bit like a puzzle – all these pieces coming together to make things difficult.
Economic Woes: A Macroscopic View
Zooming out, we see the bigger picture. Companies that still do business with Russia, like BASF and BMW, are somehow managing to stay afloat. But Germany’s overall economic health is not looking so good. The things Germany sells to other countries are dropping, and the things it buys from other places are going up. Imagine going to a store, and suddenly, the prices are higher – that’s a bit like what’s happening.
There’s also a worry about many jobs being cut, especially in the chemical industry. This might even affect agriculture, which is about growing things and making sure there’s enough food. The fertilizer used to help crops grow might become less because of these problems.
Housing Crisis
But wait, there’s more. Germany is also having a bit of trouble with houses. In the U.S., where people build and buy homes, things are tough, too, but there’s still a lot of demand – that’s when many people want to buy houses. In Germany, it’s a different story. Not many people want to buy houses right now, and that’s causing the prices to go down. In fact, they dropped a lot – almost 10% in a year! Imagine if the price of something you own, like a toy or a game, suddenly became less than before – that’s what’s happening with houses in Germany.
Experts think this is because not as many people want to buy houses when the cost of borrowing money (interest rates) is high. It’s like if you wanted to buy a toy, but the price keeps going up, so you decide to wait.
Government Response and Fiscal Quagmire
The German government has a money problem – like when you plan to spend a certain amount of money, but then something unexpected happens. They wanted to use leftover money from a fund created during a global sickness (pandemic) to make Germany more eco-friendly and modern. But a court said no, and now they’re in a bit of a mess.
The court’s decision is causing a ripple effect – like throwing a stone into a pond, and the ripples go far. Money that was supposed to help U-----e and other important things is now uncertain. People are worried about what might happen in the future.
Germany’s Fiscal Policies to Address the Economic Crisis
People are not very happy with Chancellor Olaf Scholz, who is like the captain steering the ship. They say he hasn’t been clear about fixing the money mess. He says they will follow the rules for this year, but what about the years after? That’s still up in the air. Some are asking him to loosen the rules a bit so the country can handle unexpected challenges better. The mess with the money is not just a problem at home; it’s affecting Germany’s plans to become more eco-friendly and use cleaner energy.
=======================================
Advertisement
______________________________________________________
Gregory Mannarino
Dec 17, 2023
MARKETS A LOOK AHEAD: 2024… End Game. F!NAL SOLUTION. Are You Ready For It? Mannarino
=======================================
ITM TRADING, INC.
Dec 17, 2023
The countdown to CBDCs in the U.S. has begun. This programmable money could allow unprecedented government control and 24/7 surveillance of your finances. Are you prepared for programmable digital currencies that could restrict your financial freedom? Learn how to protect yourself now.
=======================================
Steven Van Metre
Dec 17, 2023
It’s About to Come Crashing Down
=======================================
Michael Cowan
Streamed live Dec 17, 2023
Central Banks Do The Unforgivable!
Advertisement
______________________________________________________
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
