Josh Sigurdson talks with author and economic analyst John Sneisen about the collapse of the German economy as the country sees another incoming recession following manufacturing numbers recently calculated as well as the continued fall of Deutsche Bank.
Europe’s major economic powerhouse, Germany is seeing the end of another cycle of centralization and debt. With the worst numbers since 2008, the year over year production dropped -4.6%.
German industry itself dropped an incredible -1.9%. The concern is growing and with the loss of faith in the German economy and DAX, this will surely be met with the crash of the system in general. The only thing keeping it propped up is faith and that faith is false.
This massive crash could easily affect Greece and Italy as well. The issue is, this behemoth of the European Union is part of a massive domino collapse worldwide as we see the end of the Everything Bubble approach and Deutsche Bank alongside countless other lenders crash.
This was bound to happen eventually which is why it’s so important to be prepared for the inevitable. All fiat currencies eventually fall. All propped up, manipulated markets eventually fall. Self sustainability is key!
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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