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General government #debt in Germany as defined by the #MaastrichtTreaty increased in 2022 to €2.57 trillion. The debt ratio, meaning the ratio of debt to nominal gross domestic product, fell by 2.9 percentage points to 66.4%. https://t.co/XSr2d4eBOy #DebtRatio #GovernmentDebt pic.twitter.com/pErwd5ZWs0
— Deutsche Bundesbank (@bundesbank) March 31, 2023
The thing about this is. Let me just go ahead and tell you the thing about this.
The thing, of which this is about, is that there is no plan to change any of this.
In previous economic crises that the West faced, there was a plan of action. Under the current paradigm, they are openly telling you: “well, this is just going to keep getting worse.”
In reality, nothing can just keep getting worse forever. Eventually, something has to happen.
RT:
Germany’s public debt reached a new record of €2.37 trillion ($2.6 trillion) at the end of 2022, data released by the Federal Statistical Office (Destatis) on Wednesday showed.
The debt owed by the overall public budget to the non-public sector rose 2% year-on-year, or by €46.1 billion ($50 billion), compared to 2021. Destatis attributed the increase to emergency measures during the Covid-19 pandemic and the energy crisis.
Compared to the end of the third quarter of 2022, debt soared by 1.8% or €41.9 billion ($45.5 billion), raising concerns over its impact on the German economy and financial stability. Per-capita debt amounted to €28,155 ($30,600) representing a growing burden on the population.
Spiraling inflation, a raging energy crisis and expectations of a further slowdown in the EU’s largest economy have eroded consumer activity, posing a threat to economic prosperity.
It’s a shame what is happening to Germany. They really didn’t deserve this.
Americans, frankly, deserve everything they are going to get for having been the engine of the Anal Reich. But Germans had all of this forced on them.
But it is what it is, and in the long run, everyone is going to be better off after the bottom falls out.
