Germany Promises Lengthy Duration of Low Interest Rates – Laments Lack of Private Investment…

For all intents and purposes Germany is the EU, because German economic policy dictates the outcomes of all EU economic policy.  So as the EU promises to engage in more central bank monetary printing (quantitative easing) simultaneously Germany promises to keep negative interest rates floating as long as possible. [EU Parliament pictured below]

Yes, the EU is in serious structural economic trouble; and that is likely the real reason why quivering Chancellor Angela Merkel has decided to exit the political stage before the larger communal catches on.

Within the remarks by German Finance Minister Scholz it is the lamentation about the lack of investment into their grand collective economic scheme where you find the economic dissonance, and ultimately the hilarious punch lines:

BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Saturday that he expected interest rates to remain very low for “the next few years”, adding that companies should seize the opportunity of near-zero borrowing costs to boost private sector investment.

The European Central Bank has already signaled even more monetary stimulus for the euro zone economy, hoping to arrest a downward spiral that could lead to an economic recession.

Asked by a member of the public during a government open day about his view on the outlook for interest rates, Scholz said: “I also believe that the time of higher interest rates can come up every now and then, but that will not happen in the next few years because of central bank policies.”

Then comes the real kicker of a comment… the part where the German political class admit what is happening: President Trump is kicking their collective asses; yet few within the audience recognize exactly what Olaf Scholz is saying.

“What I would wish for is more investments by the private sector,” Scholz said, pointing to a much higher willingness of companies and investors in the United States to put fresh money into new projects or business ideas.  “My wish is that we also achieve such a cultural change here,” Scholz said. (link)

So much multi-layered economic dissonance, it is quite amazing to think about how this mindset is driving economic and monetary policy over such a large population.

First, the reality of President Trump’s trade policy demanding reciprocity is the wrench in the EU machine.  The EU is a protectionist trade system with one-way tariffs and carefully crafted non-trade barriers designed to keep position as an exporter, and limit access to their market.

The historic cornerstone of this trade system to benefit the EU was the Marshall Plan; to apply tariffs on U.S. manufactured goods as a way to finance the EU rebuilding after World War II.   Seventy-five years later that same unidirectional benefit still exists. This parasitic trade policy is what President Trump is changing.

Second, it is silly to watch the German finance minister lament the lack of investment into their economic system when these same politicians advance policies like: The Paris Climate Treaty, the Transatlantic Trade and Investment Partnership; in combination with high domestic tax policies against corporations and ultra-left-wing social benefits that necessitate the need for those high tax policies.

Gee, no-one wants to invest in Germany?… Go figure!

There is nothing the EU and China can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.

The more a nations’ economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization. U.S. multinational companies that are invested in these nations will lose their investment over time; some rapidly. This will keep the stock market volatile, yet on Main Street USA the economy is thriving.

President Donald Trump has purposefully stalled the process of globalization, and is resetting global supply chains. This is bringing massive amounts of wealth back into the United States.

In essence President Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshall plan of global trade and one-way tariffs (de-globalization).

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These remarks from Germany are the perfect backdrop for this interview as a reminder.

The “ECB” is the European Central Bank.  The “QE” is quantative easing (printing more €uros).

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This entry was posted in Auto Sector, Big Government, Big Stupid Government, Donald Trump, Economy, European Union, France, media bias, Occupy Type Moonbats, President Trump, Trade Deal, Uncategorized, United Kingdom (UK) and Great Britain, US Treasury, USA. Bookmark the permalink.

156 Responses to Germany Promises Lengthy Duration of Low Interest Rates – Laments Lack of Private Investment…

  1. JMC says:

    Angela Merkel, along with Jean Claude Juncker and several others, the destroyers of European Civilization.

    Liked by 20 people

    • Dutchman says:

      JMC,
      Certainly damaged the heck out of it. Whether its beyind repair,…time will tell.
      There are primising signs of Nationalist, anti EU movements in pretty much every country in EU.

      If a Brexit leads to significant gains for such parties, it COULD be katie bar the door, last one out, turn out the lights.

      LOOK at how far PDJT has taken us, in just,2 1/2 years! With PDJT having his finger on the gate, to the largest market in the world, he can reward those countries with favorable, bi-lateral trade deals.

      MUCH of what is now EU MAY be salvageable, if not too inundated by the invading hoardes, or with a population that clings to socialist/conmunist gimmies, financed with our $.

      Liked by 6 people

      • ristvan says:

        No one in EU can do a bilateral. UK can AFTER Brexit. Italy could if and only if it Iexited under Salvini.

        Liked by 7 people

        • Dutchman says:

          Like PDJT, when he goosed merkel, I DO understand they can not, without leaving the EU.
          I also understand England had,a different TYPE of membership, which theoretically included a clause to leave, which I don’t know that the others have.
          English voters,wouldn’ t vote for it,,without IIRC.
          Again, IIRC every member countries voters had to vote, to join.
          We will now see this is like the person who signs paper, to ‘self-commit’ for mental health issues, only to find they have checked into “Hotel California”.

          They fought Brexit, despite a clear exit clause and vote of the people VERY hard, BECAUSE they know how fragile their union is.
          Poland and Hungary I suspect are just waiting for the,word.
          Italy, yes if as expected Salvini wins. All Nationalist parties will get,a,significant boost, from a Brexit, and they made gains last election, anyway.

          Its gonna get messy/interesting, for sure.

          Liked by 2 people

      • KingBroly says:

        If Brexit happens, and is successful, the EU will be dismantled over time. An unsuccessful Brexit will make it stronger than before. They will try their hardest to ensure that Brexit, if it happens, doesn’t succeed.

        Liked by 2 people

        • Dutchman says:

          Agree, but I’m thinking and hoping they shot their wad on that, and can’t stop it.
          Interesting next G-7 (oh, to be a fly on THAT wall!). If you thought Merkel looked p.o.’d in that photo turned painting, with PDJT sitting, and her glowering, ya ain’t seen NOTHING, yet.

          If he wants to see her blow a gasket, he’ say “Now tell me again, Angela,..HOW does this work?(cause I’m kinda,stupid, as you know),..Germany can’t negotiate a bilateral deal with the,U.S.,…is THAT right?,…Hold on a minit, angie. I want Jihn to hear this, too.
          JOHN BOLTIN, Come over here, I want you to hear this. ,….
          O.k., angie, now,’splain it to us, again and speak slo, cause,…you know we are.”
          /S

          Liked by 8 people

    • desperatelyseekingmelania says:

      We the USA created modern Europe. Subsidized it. Protected it. But it’s no longer in our interest to do those things. It’s become an alliance built on sentimentality, and less of it all the time, rather than one built on shared interests.

      It figures that the prevailing sentiment in Europe, and on the left, is that they became more enlightened than us. This is analogous to and symptomatic of the relationship between the USA and Europe, with the USA in the role of the parent paying the bills, while college student Europe smokes pot, explores new ideas, and considers mom and pop to be square and backwards.
      Now he has to go out into the world and get a job. Good luck

      Liked by 21 people

      • gerkmonster says:

        It’s based on Socialism. Period.

        Liked by 3 people

        • Revelation says:

          Its really based on Jealousy. The goal of the EU is a superstate to rival the US.

          Liked by 4 people

        • KnowSERENoFear says:

          It’s based on Feudalism. The elite want it back. They are tired of toiling. And hatred…it really pisses them off – esp GB – that a bunch of commoners sailed away and created the most grand country in the history of the world. We kick their butts in finance, sports, wealth, happiness, wealth, diversity, ingenuity, work ethic…EVERYTHING. And it all started with : “We the People.”

          We ARE the greener grass.

          Liked by 9 people

        • YvonneMarie says:

          It is.

          Like

      • OSP says:

        Excellent analogy, dsm!

        Like

      • spoogels says:

        WHY should America continue to subsidize GERMANY which is in effect the EU 75 years after the GERMANS lost a war THEY started?
        Why was there ever a Marshall Plan?
        It enabled Germany to rise up and gobble up just about the whole of Europe

        This plan for the EEC was mooted by Hitlers finance ministers in 1942:

        See here:
        This is a complete English translation of Germany’s plan for an EEC back in 1942. All the top German Bankers wrote this document, many of whom became leading builders of the EU post-war.

        The EEC morphed into the EU
        So in the end the German Nazis got their wish–to take over Europe and their arch enemy Great Britain and become all powerful as a bulwark against America-AT AMERICAS EXPENSE.

        What idiots we were to accept this.
        NO MORE

        I keep this link in my emails to remind me of German perfidy

        Liked by 2 people

    • gerkmonster says:

      It died decades ago when Christianity died there. It’s just a zombie that we’ve been watching for the last 3-4 decades.

      Liked by 2 people

    • WeMakeOurStandHere says:

      Merkel and Juncker are simpleton puppet figure-heads, just like the Kenyan, GW Bush, Macron, etc., etc., installed by Globalist front man Soros.

      Like

    • zozz1 says:

      Keep in mind that the goal is not for America to force European civilization into the toilet; the goal is to bring EU and China into a fair, reciprocal trade alliance, along with the rest of the world. Given the situation that we allowed to develop over the years, it will take a big shock to the system to bring about that change…that restructuring. Trump, due to the fact that he has grasped the effects of the current system, and due to the fact that he is fearless and is determined to bring about the needed change, is applying the required shocks. It is a breathtaking move on his part…he is breaking all the rules and conventions, and we are witnesses to an immense revolution…without the firing of a single shot. History-making!

      Liked by 7 people

    • bertdilbert says:

      Borrow at low German interest rates, convert to dollars and invest in the USA manufacturing, where investment yields a better return. Nobody can see this play coming, honest!

      Liked by 1 person

  2. Nigella says:

    I’m sure a lot of the European Countries are secretly wishing for their own “Brexit.”

    Liked by 10 people

  3. john edward lorenz says:

    Their arrogance and adherence to globalism prohibit them from instituting any thing Trump like.

    Liked by 6 people

  4. PBR says:

    Just wait until “the people” figure this out.

    Liked by 2 people

    • The Boss says:

      I know several who are so brainwashed that it will take some doing for them to wake the hell up. But when they do, I would not want to be the EU / EC bureaucrat who wanders into the wrong bistro.

      Liked by 2 people

    • 3and2fastball says:

      “Das Volk”, the people of Germany, are so brainwashed by MSM, they don’t have an own opinion. Just like Merkel and her band of “yeah-sayers”, they will and can only follow. The Germans don’t know anything else other than to follow. Merkel is a catastrophe for Germany and the EU.

      German Industry knows too well, since Trump’s no-tolerance for China, that Germany’s growth is seriously challenged. Lesser China, means lesser cash for Germany and the EU. The auto industry is scared to death of Trump, but also honestly believe he is correct. Europe has taken extreme advantage of the US.

      Who wants to invest in the EU? The place taxes you to extremes, and the liberals are gaining power….now equal to Merkel’s CDU party.

      Europe is a mess, and yes, populist conservatives are moving forward….just, the leftists are as well.

      Like

  5. Carrie says:

    May, Merkel and Macron… one by one they will fall. Quantitative easing has been a failure of epic proportions. None of the fundamentals changed, in fact, they raised taxes and made the labor market even more rigid in that time. Now they are stuck with their Monopoly money. Even the Swiss franc is pegged to the Euro, so you begin to wonder how long it will take for other currencies to detach their reliance on the Euro.

    Liked by 8 people

    • Scott says:

      May already fell. Merkel is next.

      Liked by 2 people

      • va22033 says:

        yes you are correct, sooner rather than later hopefully.

        Liked by 1 person

      • 3and2fastball says:

        Merkel might just be kicked out. In 2 weeks are big state elections, the conservative AFD is moving forward, already ahead of the socialist SPD. Merkel may indeed be kicked out due to AFD, just the liberal Greens and the old Red Communists are a force to reckon with in these 2 states. The AFD will only be spoilers that give Merkel the boot out. The AFD will not be in gov’t.

        With 98% negative Trump on MSM, the AFD is right there at 98% as well. Most Germans believe what they hear and see on MSM.

        Liked by 1 person

    • swissik says:

      The Swiss franc is doing just fine, thank you. Switzerland has treaties with the EU but it is not a member of it.

      Liked by 3 people

  6. Elric VIII says:

    Do we have any indication of approximately how much German corporations – and other EU corporations – are investing in the U.S. now?

    Liked by 3 people

  7. Carrie says:

    Hillary was Merkel. If she had been elected, we would be right on the same path. We dodged so many bullets, it’s like a scene from the Matrix.

    Liked by 27 people

  8. Mike in a Truck says:

    Well E.U. you had a good run- with the help of 4 doofus Presidents. Now PDJT is calling the shots and ripping off the American people is no longer part of the program. More importantly, its drag race night out at the strip so I gotta get ready!

    Liked by 11 people

    • Daniel M. Camac says:

      Dutch, You’re making me spit out too much wine and it’s not because I’m at a tasting!
      But keep typing…..I’m switching to the cheap stuff for now. LOL.
      Love that Trump NY accent too!
      If this gets posted twice it’s not my fault…..and Hillary is up by 80!

      Like

  9. Chip Doctor says:

    The gif is priceless. After years of our Muslim sissy boy running around bowing and leading from behind, we now have a real leader. No wonder the whole new world order is trying to take him out. He is one courageous man.

    Liked by 17 people

  10. Perot Conservative says:

    When I spent 10 weeks in Europe around 2000, I had several managers and directors tell me on trains and planes – the last place they hire is Europe. Social costs too high. The ‘social contract.

    A friend’s family owns multiple bakeries in Germany. They caught a Turkish immigrant worker stealing, it took months to uncover. They had to pay him over $15,000 to leave the company – likely tied to the need to give a worker 6 or 8 weeks notice before a layoff. Labor laws probably don’t help, either.

    Liked by 14 people

    • ALEX says:

      It’s a mess. Similar to firing government employees, especially Federal.

      Liked by 2 people

    • Dutchman says:

      They regulate how much cinnamon a baker can put in a cinnamon rolk, and can fine or shut down a baker in violation.
      Whats next, fining or shutting down a baker that refuses to make a gay wedding cake?
      Sheesh, conmunism lite my a,…what?
      WE do,..are you sure,…? Oh,…
      Never mind!

      Liked by 6 people

      • Carrie says:

        This reminds me of when I was working in Frankfurt (in the 1990’s) and I ate everyday across the street at a bakery. One day I steeled my nerve and asked if they could stop putting pickles in my tuna fish. Right afterwards, a gentleman behind me piped up that he too hated the pickles. At least 3 others agreed loudly. The female baker raised her voice and barked sternly, “we put pickles in the tuna fish because we have ALWAYS had pickles in the tuna fish and that is the way it will always be”. I wanted to ask if maybe they could then make more chocolate croissants because they were always out by Wednesday, but I gave up. They stopped critical thinking a long time ago.

        Liked by 8 people

        • Dutchman says:

          Imagine if they had said “I, too hate pickles in tuna fish sandwiches. However, EU regulations,REQUIRE we put them in, and they regularly send,around inspectors, to make,sure we are in compliance with all their stupid rules! We even have to pay the inspectors, a cost we pass in to you.
          I HATE the EU!”
          This might be close to the truth. Europe is a conglomeration of Nationalist countries, long history. And yes, those seperate nationalist identities contributed greatly to two Worl wars, never the less.

          The idea they could eliminate such Nationalist fervor, and replace it,with collectivist adherance, in one generation, and without an iron fist (which oops, would require an army)
          Was naive. IMHO

          Liked by 2 people

          • Carrie says:

            Everyone needs to style their own Brexit to escape! I remember when my landlord in Hamburg renovated his townhouse and they sent around inspectors to check the distance of his house number from the street, the size of the glass, the special frosted level (only one manufacturer), and the wattage of the bulbs! No wonder no one wants to renovate…(he also threatened to fine me for leaving the plastic bag by accident in my cereal box- I had been living there 2 weeks!!!)

            Like

            • Dutchman says:

              See, thats how it works. Buerocrats fining/regulating HIS behavior, after awhile HE gets into the act.
              You get the,sheep to shear each other.

              Liked by 2 people

              • Carrie says:

                This is so incredibly true!

                Like

              • LafnH20 says:

                Somebody, (Branco?🤔 like…),
                should create something along those lines…
                Dutchman!

                Arrogant Sheep with sheers…
                Long line of sheep…

                NEXT!!!
                Move along…

                NEXT!!!
                ….

                Like

                • Dutchman says:

                  Yeah, I’m not good with verses, tried it once or twice. Sheeple getting sheared, theres SOMETHING there, I’m shear,..er SURE.

                  Like

                • Sean Supsky says:

                  The Sheep, the sheep,
                  Not one makes a peep,
                  When they are sheared
                  Dignity is denied

                  Soon the sheared
                  Become the shearers
                  And so it goes
                  Until the individual has died

                  To speak out takes clout
                  To raise a voice and shout
                  I am a man, not a robot
                  I will stand on my own two feet

                  Don’t be a conformist
                  Always silent
                  Or soon, you too will reap
                  The fate of the sheep

                  Like

        • SKIDROE says:

          Love the video of Trump shoving the guy out of the way, standing tall, head goes high, and adjust his coat. “I’m here”!

          Liked by 2 people

          • L. Gee says:

            If you notice, Trump doesn’t even deign to make eye contact with the peon he shoves out of the way either! And that slit-eyed look of his. Wow!!

            Yup, that’s our CIC!

            Like

        • wondering999 says:

          The chocolate croissant shortage has always puzzled me, and it occurs here in the United States too. Are they playing with us?!

          Like

        • spoogels says:

          I would have replied “Jawohl Frau Hitler” and beat it out of there

          Like

        • 3and2fastball says:

          This makes me laugh. I’ve been living in the Frankfurt area for decades. Germans do not generally think out of the box….this would demand some flexibility….no, not in Germany.

          Like

    • Mncpo(ret) says:

      Sheesh, that was almost 20 yrs ago. Imagine how hard it is to get rid of a thief now!!

      A company my sister worked for pulled out of France in 2017 because they had no control over the employees. It was actually cheaper to pull out and relocate than try and conform with France’s labor laws.

      Liked by 4 people

  11. ALEX says:

    Aging populations with expectations of a comfortable retirement that their economies just can’t afford. No return on investment with punishing tax rates that discourage the type of capital formation our recent business tax reductions and regulatory reform made possible…

    All of this with 2% and less spent on defense. Good luck.

    Liked by 3 people

  12. MakeAmericaGreat says:

    Best thing I’ve read in a long time:

    “President Trump is kicking their collective asses”

    Yes, he is.

    Liked by 9 people

  13. Chip Doctor says:

    We complain (rightly so) about President Trump’s cabinet and other agency head picks such as Wray, Tillerson, McMasters…..but boy howdy did he do a great job picking our trade representative wolverines. I bet Mitch wishes he could have a do over.

    Liked by 7 people

  14. fangdog says:

    The only question any citizen of a foreign country need ask their governing politician is, “Why don’t we do it for our Country as Trump does it for America”?

    If they are like our hate-America progressive Libtards, they will ask, “Why have you not changed the heat of the Sun?

    Liked by 3 people

  15. vikingmom says:

    The main reason that European countries were able to offer all of their Socialist policies is because the US has been subsidizing them for decades…all while they looked down their noses at us as “dirty” Americans!

    But, as Margaret Thatcher predicted, they are now running out of other people’s money (specifically ours) and their grand schemes are crashing down around them!! Now we just have to get another four years of President Trump and get rid of the Swamp creatures who inhabit both parties and maybe we can actually turn this ship around…starting with NO more interventions on foreign shores! They made this mess, let them clean it up!!

    Liked by 7 people

    • It’s not that they are running out of other people’s money. It’s that we stopped giving it to them.

      There is a recession coming but it won’t be here. It’ll be in all the countries that have been sucking the wealth out of the American taxpayer for decades. They have no other economy. This is all they know. If they have to compete on a level playing field they’re toast and they know it.

      Liked by 5 people

      • vikingmom says:

        Exactly!! And the leaders of those countries know it as well (as do the leaders of the Uniparty in DC). They have all been getting rich off the backs of the honest, hard-working middle class citizens of the good ol’ USA, while all the while pretending that they were SO much smarter than all of us…

        Finally, in Donald Trump, we have a President who has watched them play this game for most of his adult life and he is leading the charge to shut down their piggy bank once and for all. And I, for one, can’t wait until all their little houses of cards come crashing down around them!!

        In the words of the late, great Andrew Breitbart – “F*** you! WAR!!”

        Liked by 4 people

    • wondering999 says:

      Yes, but just want to throw this in… someone who worked for the American Military Government in the German State of Bavaria way back when, following WWII, told me that the US Government actively tried to support a Communist candidate for Bavaria in their first elections. The Communist/Socialist candidate failed, but not for lack of US support.
      I can’t prove this, and the lady was old when she told me… but I thought it curious.

      Also, how strange that the entire East Bloc was handed over to Stalin, and so many people died as a result.

      It’s a complicated business, the actual history of what has happened over the decades, and it’s not clear who was trying to achieve what goals (besides maybe General Patton?)

      Liked by 1 person

      • vikingmom says:

        Wouldn’t surprise me at all – the Communists were infiltrating the US Government for decades – and using Hollywood to push their propaganda. Ronald Reagan saw it happening and it was one of the things that pushed him to run for office.

        Liked by 1 person

  16. Donzo says:

    I propose a citizen exchange. For every globalist in the US who favors the European system (all of them) we will accept in trade a nationalist from Europe who favors the US system. They can be fast tracked to citizenship.

    Liked by 7 people

    • jebg46 says:

      I also wonder if those in Western Europe who have citizens who have adopted the gravesites of our very brave veterans who made the ultimate sacrifice to save their countries from the Nazis, would welcome the chance to support exiting the EU or come to the USA. They truly respect what our country did for them.

      Like

    • Michael Kunz says:

      There are actually more people in the world, than the USA and the EUROpeans. I’m initially a British product, happy to be called Son of Thatcher, Ex British Army Senior NCO, who decided that enough was enough, way back when another British traitor, Major, sold Britain into EUro chains with Maastrict, in the early 1990’s. I voted with my feet, emigrated to Australia, and am now a nailed on Trump supporter. There are a hell of a lot of Aussies just like me, and despite common thought, we still have guns, lots of them. Don’t believe that this is just America V the foul EU.

      Like

  17. Dutchman says:

    Central banks are LESS relevant, and will be until de globalisation is nearly complete.
    Funny, I remember the talking heads trying to mansplain it to us dummies, during 2008, how our globalist, intrrconnected world meant that if EU sneezed, US got a cold.

    Now we see world economy contracting, while U.S. Booming.
    I hope few are confused by the talking head idiots.

    Liked by 8 people

    • Maybe now is an excellent to buy Greenland, when every other county is spinning down the drains. I see the Greenland move much like the monopoly game. Buy as much property as you can, because they are not make more of it. In time, maybe 100 years, Greenland will be very beneficial as an American country.

      What I would like to understand is how does this amazing De Globalization bankrupt the global multinational corporations that have a strangle hold on all the worlds resources. Will these conglomerates breakup, die and go away for ever or will the morph into some other kind of shared countries group out to extract wealth from America or anywhere that has wealth to extract?

      Like

      • pochas94 says:

        Well, I invite them to apply for statehood. Alaska and Hawaii have done very well.

        Liked by 1 person

        • jnr2d2 says:

          And we invite all the western Providences of Canada to join us (the RED ones). Another three or 4 red states.

          Liked by 2 people

          • jnr2d2 says:

            I should have noted they would be the natural resources and AG areas that we know how to exploit/manage. This would happen after Canada implodes — due to sparkle socks

            Like

            • I don’t think it’s Greenland’s resources that is driving this. China has been making inroads in Greenland and PDJT knows that his policies will force China to expand. Think of it as a Marshall Plan for Greenland.

              Liked by 1 person

              • Worried Mom,

                Exactly. Any purchase of Greenland would be for strategic reasons.
                We cannot afford to have a red Chinese base off our coast up there. China’s interest in Greenland is not benign.

                Hopefully some day we can buy back the Panama Canal.

                Liked by 1 person

        • Carrie says:

          Maybe we could cut off Puerto Rico permanently in exchange?

          Liked by 6 people

          • wondering999 says:

            or maybe there is a way to encourage better management for P.R. Maybe there are some leaders in Miami who would know how to improve the situation. But what do I know… (I’d love for Puerto Rico to be beautiful and prosperous)

            Like

      • Dutchman says:

        They didn’t just develop a business model based on cheap labor costs. If you read,Sundances articles on “Maganomics” and “exfiltration of wealth”, which you can find by putting these terms in the,SEARCH box on the HOME page, I think you will find the answer. It takes more than one reading.
        What they do is manipulate supply and demand, by aquiring say,…al the lemons in the world, thru shell companies, buying up futures contracts with farmers. Then the manipulate supply, to manipulate price, in different markets.
        With Deglobalisation, it KILLS their business model, and way to generate profits.
        They would have to return to making $ the old fashioned way; EARN IT.
        In additiin, they do a LOT of funny money, contracts on contracts on contracts betting on the outcome.
        I think that also goes bye bye, when people in a country, buy and eat lemons (or widgets) grown in that country.

        Liked by 5 people

        • Maquis says:

          Tasty tasty widgets…

          Like

        • Thank You Dutchman!!

          Your post helped me immensely! Because of all these new President Trump Bi (and some Tri) lateral trade deals, the multinational corps now, can not buy up all the “lemons”.
          They can not ex filtrate our wealth anymore! Your post hit me like a brick to the forehead and I truly appreciate it!

          I’ve been reading those articles since Sundance wrote them. I’ve had to read them many, many times to wrap my head around the 4 step process that Sundance laid out so succinctly. I just didn’t understand how these multinational corps will be stopped. Now I do!

          Thank again Dutchman!

          Like

          • Dutchman says:

            Glad it helped you, hope others benefitted, as well. And yes, I had to read it just like you say, over and over.
            I would ask, WHAT multi-lateral agreement has,PDJT actually SIGNED?
            He has NEGOTIATED USMCA, but it ain’t Ratified or signed, YET. Which means its only an aspirational document.
            His wolverines are NEGOTIATING with EU, but don’t even have a document.

            He SAID he wants BI-lateral, doesn’t LIKE multi-lateral. JMHO, but I am confident he has no interest in signing ANY trade,deal with CCP controlled China, as WHAT would be the point.
            I also doubt he has any interest in inking a deal with EUCCP, as his goal is to destroy EU, which was openly established as,a “Trading block to counter U.S.”

            And, I have more than a sneaking suspicion he has tricked Pelosi into doing his bidding, and he has no interest in signing USMCA.
            USE it, to end NAFTA. He is only holding off on that, because the threat if Tariffs has Mexico cooperating on the border.
            Let Pelosi take the blame for torpedoing USMCA. It was, in the end negotiated between U.S. and Mexico, with Canada dragged kicking and screaming.
            PDJT could negotiate a bi-lateral deal with Mexico very quickly, and use a positive trade deal with Mexico, as the carrot, along with tariffs as the stick, to get even MORE Cooperation from Mexico.

            As for Canada, oh Canada either they get with the program,,or get to the BACK of the line.
            290% tariff on our dairy, for,..ever? Are they for real?

            Liked by 1 person

            • Dutchman, You really thought this through. President Trump is fundamentally transforming the worlds economic systems. Leaders are being elected that are on board with our Presidents nationalism for their own countries. More will be elected as they see hope for a freedom to reign.

              I keep hearing those words PDJT said; “World Peace is the Prize”! He is going to make it happen and we get the honor of a lifetime to watch and help we’re we can. I’m star struck by this man and his genius!

              Like

              • Dutchman says:

                Agree. And frankly, anyone who doesn’t “get it”, and more importantly “get him”,,who isn’t star struck, and thanking God every day, that we are alive in this time,…

                Anyone who calls him “Trump”, and posts like he is no different than any previous POTUS, who says they haven’t drunk the cool aid, implying we have,…
                Who starts their post with “Now don’t get me wrong, I am a,Trump supporter,…but”

                And then objects to being referred to as a “Troll”?
                Well, TROLL or a clueless moron, who if they lived in 1776 in Philedelphia, would be criticising those old guys in Independance hall.
                Granted the SCOPE of what he is doing is awe inspiringly massive, but that means HOW can you POSSIBLY MISS IT?
                Ah, well,..”Some peoples children!”

                Liked by 1 person

  18. Paul Paulski says:

    How much does EU membership really matter to a country? Take Poland for example. Does EU membership prohibit them from dealing with the US? I mean, they are building that military base, buying out natural gas, etc.

    Sigh. I guess this article is more about monetary policy. But still, it seems individual countries can have a fair bit of latitude.

    Full Disclosure: I am an American of Polish descent and am super proud of how they are doing!

    Liked by 3 people

    • Dutchman says:

      As well you should, Paul.
      I’m not Polish, but LOVE the Poles, who love Reagan and Trump. They KNOW Conmunism when they see it, and ain’t havin NONE of it.
      Hungary, too and they built a,WALL, LOL.

      We will find out just how much latitude they have, when they try to leave.

      Remember our civil war was ostensibly fought over whether States could suceed.
      Oops, the EU forgot to build an army.
      Perhaps they think the U.S. army will enforce membership? Double Ooops!

      Liked by 2 people

  19. Georgia says:

    I’m sure if Merkel can pump a few million more Muslim Migrants in before she leaves things will turn around soon thereafter…they do wonders wherever they are pipelined in, rejuvenating Western Civilization all anew with their love, stunning returns already from the 43,000 Somali Muslims Obama relocated to the USA during his 8 years– just one small “fruit”? Look at the representation they have planted in Congress now as part of the “Squad” and all the great things that bodes for the future, wherever they land they show the greatest gratitude possible to their new land(s) and peoples–their respect for native women in their new countries is something to behold, Merkel and Obama — the gifts that keep on giving….

    Liked by 7 people

  20. Bwahahahahahahahahahahahahahahaha. Freaking German arrogance biting them in the behind. MAGA!

    Liked by 4 people

  21. pochas94 says:

    And that is why Britain needs to get the hell outta there!

    Liked by 3 people

  22. Steve in Greensboro says:

    No dispute with anything you said, Sundance. Thanks for the Mohammed El-Arian interview with CNBC; he reinforces what you are saying.

    I would just add one additional wrinkle. Further damaging its economy is Germany’s “Energiewende” (Energy Transition) in which they are phasing out all of their nuclear power plants by 2022 and eventually most (if not all) of their coal-fired plants and replacing them with wind, solar, hydro and “energy demand management” (EDM). EDM is a euphemism for brown outs and black outs when the wind isn’t blowing.

    It is a complete disaster for the country so far and it will get worse, unless the Germans replace their government. If you want to know more, here is a good overview.

    https://wattsupwiththat.com/2018/09/30/germanys-energiewende-program-exposed-as-a-catastrophic-failure/

    Liked by 5 people

  23. Magabear says:

    So when it becomes better to just put your money under the mattress pad than in an E.U. bank, you know you’re in trouble.

    Liked by 1 person

  24. ristvan says:

    I lived in Germany for almost six years, speak German fluently, went back often for decades on business (last time 2014 to Strasbourg, Frankfort, and Salzburg just before ‘retiring’), and still have friends and acquaintances there. Germany has really shot itself in the foot this past decade under Merkel.

    The Energiewende has tripled the price of electricity yet destabilized the supply. Unlike UK, Germany can dump cheap renewable oversupply onto Norway (who just cuts back hydro) , then buys it back expensive from ramped Norway hydro when needed. No blackouts, but economic disaster. Drove the largest German electric utility (RWE) to split into unprofitable conventional and subsidized renewable. Then the conventional side declared bankruptcy and threatened to shut down (permanently) a 6 year old CCGT, largest generator in Bavaria. An underreported mess.

    The enormous influx of millions of undereducated muslim middle east migrants has destabilized society and placed enormous burdens on the generous welfare and education systems (university is ‘free’ if you pass the Arbitur) , driving already high taxes up, further penalizing the economy.

    The driving force of the German economy was never mainly the big multinationals like Daimler and Bayer. It was the ‘Mittelstand’— medium sized companies, many legally GmbH rather than AG, who specialized in highly technical fields like robotics, machine tools, industrial equipment. Think Liebherr self propelled hydraulic cranes or Werner&Pfleiderer plastic compounding machines (Knetmaschinen) for injection molding. The German export industry equivalent of Main Street. Merkel foolishly let China buy many of them up; the former family owners park their monetized wealth in the US while China exports the newly acquired German technology to China. Example: robotics company KUKA. Double trouble.

    Negative interest rates are NOT a solution. They are a symptom of the underlying structural self inflicted German investment malaise.

    Liked by 14 people

    • Perot Conservative says:

      When I was in Europe for 10 weeks (2000), I was surprised at the number of educated young Europesns who wanted to move to America, Australia, or Canada. And the last 2 were often a strategy to move to the US.

      Six. Weeks. Vacation.

      International Directors and VPs telling me they add jobs in Eastern Europe as a last resort. The Social Contract costs. Czech Republic was hot.

      As I posted elsewhere, a friend’s family has a small bakery chain. They had a theft problem, they leave $200 in the cash register at night for the early crew. Took months to track the criminal down. To get rid of him (Turkish immigrant) cost $15,000? (Social contract?)

      Koln (Cologne) New Years a turning point? 1,000 women attacked, groped, assaulted, some raped by primarily Muslim and North African young men.

      Canada (Europe like). I had a date with a woman who was in HR in Canada. She said their social costs are very complicated and onerous. Her co. hired away an engineer from IBM, who had been there for 22 years. Went to the new co, was there a year or two, project scrapped, he became unemployed. This new company was now responsible for some of the 23 years of unemployment benefits, bc they lured him away from his steady job!

      Liked by 1 person

    • SharonKinDC says:

      Great post. Reading it, it underscored the disconnect of German protectionism re Western nations, while they let China take those small jewels of companies, lock stock and barrel.

      Liked by 1 person

  25. sarasotosfan says:

    Perhaps the best news is the Germans will come closer to spending 3% of their GDP on defense.
    They are probably going to lose our military bases though.

    Like

  26. Les Standard says:

    The EUistan is an economic trainwreck, these many stoneage slave rentals are going to get mighty expensive as time passes and nothing changes

    Bwahahaha

    Like

  27. DaughterofLiberty says:

    Has anyone seen her recently? Is she still shaking uncontrollably? Have media been asking about her condition at all???

    Like

  28. scrap1ron says:

    Your cash ain’t nothing but trash, Olaf. Wait until more of the peasantry catch on.

    Like

  29. Dutchman says:

    Hold it! I thought that was all a Con: that Greenland is almost all Ice, and Iceland is the green one.

    Did someone pull my leg on that,….again?

    Like

    • GB Bari says:

      Been all over Iceland, and only landed once in Greenland but didn’t get off the plane. Iceland is more green along its western and southern coasts but Not mostly green overall. I saw – in July – mostly rock and ice (glaciers) other than the coasts. Mixed in with some very hot geological stuff (volcanos, geyser fields, and superheated underground water that’s harnessed for steam heating in Keflavik and Reykjavik) since the island is located right over where the North American and Eurasian tectonic plates meet.

      It’s greener than Greenland but still a very rugged geography and harsh climate. It has a huge glacier (Vatnakojull) about 90% the size of Puerto Rico and which is definitely not green.

      Like

      • Dutchman says:

        Yeah, for my part, they can keep it. Me and wife no likey da cold, dats why we live in high desert.
        Sounds “freezing too cold!” To me!

        Liked by 1 person

        • GB Bari says:

          It’s cool-ish in the summer and only cold in the winter. You’d think at that high latitude and with part of the island touching the Arctic Circle, it’d be really frigid. But it’s not – the Gulf Stream keeps it around 20-30 in the winter. What’s difficult are the monotonous high winds that can blow steadily for days on end in the shoulder seasons without breaks. A lot of newly assigned military members learned the hard way – they got their car door hinges sprung badly by the winds until they learned to park facing the wind.

          Liked by 1 person

  30. DeWalt says:

    Maybe they can get into the Persian rug business.

    Like

  31. EU Central Bankers are driving a EUROPEAN ECONOMIC DEATH SPIRAL:

    Socialist Systems have RUN OUT of other people’s money.
    [Hat tip to Maggie Thatcher, from whom they learned NOTHING]

    • ADDICTION to Socialist Benefits have been SUFFOCATING their Work Ethic.

    • Socialists’ SURRENDER to Invasions of Idle Illegals has MULTIPLIED Benefit Spending.

    • Socialists’ EXPANSION of Benefits-from-Business has CRUSHED Productivity & Earnings.

    • Socialist Taxes have SPIKED on BUSINESS to fund Expanding Benefits.

    Enter President Trump’s MAGAnomics Transformation and RECIPROCAL Trade.

    • Socialist Export Economies’ DEPENDENCY on TRADE SURPLUSES is UNSUSTAINABLE.

    • Central-Bank Negative Rates are CHASING Investment Capital into HOSPITABLE USA.

    • Central-Bank Quantitative Easing is now PUMPING up Investment Bubbles
    … Capital Spending that cannot earn Returns under RISING Government Burdens
    … Consumer Debt that cannot be Repaid as Exporters CUT JOBS & WAGES

    Then the RECKONING begins

    • China starts DUMPING into the EU to OFFSET losses in Exports to the USA

    • President Trump imposes Tariffs to OFFSET Central-Bank Currency Manipulation

    • The Fed MATCHES EU Central-Bank Currency Manipulations

    … Setting off FURTHER ROUNDS as the DEATH SPIRAL ACCELERATES!

    Liked by 2 people

  32. Raptors2020 says:

    Mark Steyn (America Alone) thinks the ageing and shrinking European population is the reason for the lack of investment. Young people build houses, young people start small businesses. Young people plan and build for the future. Steyn theorizes that the dearth of investment opportunities in Europe led the Germans to buy the junk sub-prime mortgage bonds, that inevitably crashed the world economy in 2008. Michael Lewis (The Big Short) portrays the bond traders as laughing at the Germans, for buying any junk bond they can label as AAA.

    Like

  33. Graham Pink says:

    For Europe to survive the first thing it needs to do is dissolve the European Union.

    Liked by 5 people

  34. NoTwoSystemsOnlyOneChiCom says:

    Ma’s Friday call for a resumption of ‘EU’ sea rescues of Obama Refugees show the plan hasn’t been achieved, yet.

    Like

  35. czarowniczy says:

    What kind of dope were the European prog engineers on when they came up with the concept of the EU?

    Europe has had centuries of internecine wars, over 110-million dead between 1914 and 1945 alone. WTF made anyone believe that a basket full of countries who still speak different languages could crawl into bed together and snuggle? They’ll all be speaking Arabic before long so maybe we should just sit back’ grab some beer and popcorn and watch the clown show unfold.

    Like

  36. Maquis says:

    Arrogance is a powerful drug. Personally, despite begging for their own destruction and accomplishing much to achieve it, I don’t want to abandon any portion of Humanity, especially of Western Civilization and Christendom, no matter how dilute, to the inhumanity of Islam. That vile monstrosity must not be permitted to amass greater territory and power that our progeny must inevitably content with and that will destroy countless innocents in their genocidal lusts. I cannot rejoice in the fall of Europe despite the schadenfreude afforded by the consequences of their epically myopic arrogance and greed.

    America First, but not America alone.

    Like

  37. Gary Lacey says:

    “”Gee, no-one wants to invest in Germany?… Go figure!

    There is nothing the EU and China can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.””

    These bast*rds are willing to destabilize the US economy in favor of their own.

    Brilliant deduction Mr sundance(Sherlock), brilliant

    Like

  38. DonL says:

    So Germany lost the big war over control of Europe so now it controls Europe? Good thing we won WWII otherwise we’d be having to drive Volkswagens. Audis, BMW’s and even all those Japanese cars.

    Like

  39. Ralph Kramden says:

    so, the Network “Pundits” who are predicting (cheerleading?) a US recession are partially correct. Their modeling, however, is rooted in the old Marshal Plan scenarios of the past 75 years. The recession they so desperately long for will occur across the EU, but Main Street America will be virtually unscathed. Of course!

    The recent recession talk had me scratching my head simply because our own economic indicators show no sign of impending doom. Actually, aside from Newtonian economic theory (that which goes up, must, eventually come down.) recession is no where indicated for the US “economy”. And certainly not because of our “trade war” with China. So, what are the talking heads basing their doom and gloom predictions upon. Why on past performance, of course. What is the basis of such past performance, why the old Marshal Plan models that have existed for 75 years.

    In a nutshell, our VSG has kicked over the global economic table by implementing a foreign economic policy emphasizing the ability of our trading partners to stand on their own two feet.

    Well, that sounds reasonable to me.

    Like

  40. Zippy says:

    The entire world is trapped in a lose-lose situation thanks to central banks, massive bailouts that should not have been allowed, and deficit spending. As others crash, capital flight to the least dirty shirt in the laundry basket, the US, will simply artificially boost assets here and allow more deficit spending by government. Then, that will come to an end, too.

    12 Reasons Why Negative (Interest) Rates Will Devastate The World

    https://www.zerohedge.com/news/2019-08-17/12-reasons-why-negative-rates-will-devastate-world

    Like

    • Zippy says:

      Only 7 weeks ago, it was 13 trillion. Going from 15 trillion to 17 trillion took a week. Capital flight will make the US look great for a while but, as I’ve said, that bubble will be artificial (not based upon fundamentals) and will enable even more deficit spending by the US government. The same sort of capital flight to the US happened just prior to the Great Depression.

      $16 Trillion (Almost $17 Trillion!) Dollars of Negative Yielding Debt Globally In Short Order!

      Like

      • TradeBait says:

        What is perceived now may not be reality in the future. Old assumptions from failed progressive/globalist economic policies fail when worldwide economic resets are completed. What happens in a world of neutered central banks and burst bubbles?

        Like

  41. Peter Skurkiss says:

    The man is too stupid to see the connection between Germany’s economic policies and the lack of private sector investment. The guy’s another Obama — an economic illerate

    Like

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