German Minister of Economics Robert Habeck is under fire after his comments during an interview with an ARD broadcaster on Tuesday evening.
The conversation surrounded the astronomical rise in the price of energy taking all the income away from people who would purchase other goods and services. As Germans no longer can afford purchases, the stores and businesses can no longer operate. Minister Habeck was asked if that means a wave of bankruptcies and business closures are forecast.
Mr. Habeck responded that businesses can stop operating, but that doesn’t mean they will go insolvent. Just because the business loses most or all of their revenue, doesn’t mean they will go bankrupt. That doesn’t make sense, Minister Habeck was pressed to apply commonsense. If businesses close to save money, workers are not employed. If workers are not employed people do not earn income. If people do not earn income, the economy worsens.
Habeck had no response other than an economically detached “Green Party” perspective that businesses will not go bankrupt just because they are not operating. However, his facial expressions reflect that he knows what comes next, total economic collapse. WATCH:
https://youtu.be/x8bGPxZfIdQ
(Reuters) – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.
Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”
The answer, in an interview with ARD broadcaster on Tuesday evening, sparked criticism of the minister in charge of Europe’s biggest economy, with mass-selling Bild newspaper saying Habeck “has no idea about the economy.”
Friedrich Merz, the conservative opposition leader, also took the opportunity to criticize Habeck, Germany’s second most popular politician, saying he and his ruling coalition were not taking energy and economy questions seriously.
“One could see how helpless Mr. Habeck you are with these questions last night on German television,” Merz told the lower house of parliament.
Habeck’s comments come as economists and industry groups warn that rising energy prices are a growing risk for Germany’s medium and small-sized businesses, which form the backbone of the economy. (read more)
Things are about to get very spicy in Germany as the reality of the unsustainable Build Back Better agenda starts to sink in. The intellectual disconnect from an economic minister to the consequences of an energy policy removing trillions of dollars from the economy is stunning.
Stunning, indeed.
If there is money going out and nothing coming in, people are losing money and will eventually go broke. Stay broke long enough, people go bankrupt.
This World Economic Forum puppet is busy trying to convince the interviewer that when you have no money you’re not really broke. We’ll just change the definitions of “broke” and “bankrupt.”
Every day that the puppets get away with establishing new concepts of ‘broke” and “bankrupt” kicks the can further down the road towards the goal of societal collapse.
The sooner we get the pitchforks, the better.
Another idiot who will then offer to have “the government” pay the people not to work, to hide the fact the Politicians’ policies/mandates have crippled the very economy that employed the citizens.
The State can’t pay for this welfare without revenue from income tax and sales tax, so they borrow/print more money driving higher inflation, making everything less affordable.
Politicians can’t break this Ponzi cycle, and like any Ponzi schemer they also can’t acknowledge it. Tick, tick, tick…BOOM!
Reminds me of Pete Buttigeig, however you spell it. “Don’t like gas prices? Buy an EV! Now go away, I’m on paternity leave!”
Why are so many leaders evil and stupid?
Olympic level ego’s and supreme selfishness.
They are men. They are unconstrained by reality. They serve as an example of man’s potential for wickedness.
They are like the Crimson Kenyan, arrogant and stupid. It’s a deadly combination. Dunning-Kruger on full display with these freaks.
Imagine listening to this and having no outward reaction like the audience members. Are they even real humans or are they extras from Westworld? Makes more sense how these “leaders” continue the current path.
I’d bet five bucks every single person in that crowd is a vapid mouth breather who believes all the green bovine excrement hook line and sinker.
And yes, these slack jawed ideologues are the reason not a damn thing will change. Quadruple down on abject stupidity.
@0:18… Body Language… interviewer slumps back in her chair with a “ok, now you’re giving me the bulls*t” look…
She was probably feeling empathy for Herr Arrogant’s inability to enjoy a brioche and coffee “in peace in the morning”.
“I have the feeling you haven’t found the right answer yet”
This was exactly the inevitable suggestion to my teenage daughter when, however infrequently, I would have to ask why the grade for an English Class homework assignment was left blank by her teacher.
Good times make weak men.
Weak men make hard times. <–[ You are here ]
Hard times make good men.
Greetings from Germany. Sundance, you should listen to (and report) the speech that Alice Weidel (AfD) gave in parliament yesterday. She was white hot fury.
This reminds me of another example of “intellectual disconnect,” which is becoming more and more chronic as the wealth gap widens. George W. Bush was being interviewed by Hugh Hewitt in 2021, and the subject of immigration came up:
“You know, Hugh, I’m a tree farmer, believe it or not. And you know, we’ve got eight Mexican laborers on our farm. And they, I think we’re in our third year with them working there. But every year, they have to reapply for a visa. So the way the rule works is you apply and you go through the bureaucracy, and then they have to go home for two months out of every year, which is fine, because they go home during the season where we’re not, you know, spending much time digging trees. And the question, though, is can they get back in? Will the government let them in? And it creates a lot of uncertainty for a small business, … And so it sets us back. And I’m just one of many, many, many examples of small business owners that rely upon foreign labor.”
“It really sets him back,” says the man whose net worth is over 40-million, who owned the Texas Rangers, and owns hundreds of thousands of land acres in Paraguay. But, he couldn’t afford to pay American workers a decent wage for seasonal work. …Can these people even hear themselves when they talk?
That SOB doesn’t just own an estancia in Paraguay. He owns the WATER RIGHTS for one of the biggest freshwater aquifers in the world.
Spoken like a true parasite. He cannot face the truth that degrees from prestigious universities, association with high status losers, fancy lunches…none of this produces any value or contribution to the project of human existence. It is merely consumption and hubris. They are the furthest thing from persons of significance or value. They are perpetual adolescents whose lives have no meaning.
Human economy rests on taking unusable things and making them usable. All of modern life and our industrialized economies, all the wealth they produce is based upon machinery, and all machines run on energy. There is not future in renewables, and technology cannot make it so. Behind every fancy EV and cell phone is a little kid in the Congo scratching in the mud for the rare metals. But the parasites don’t want to know this as they become intoxicated in reveries about being prominent and world saving.
Wake up call…there will not be a build back, there will never be a “sustainable” world with the incompetent and psychopathic on top. The “product” of human arrogance is misery, then destruction, then humility. The suffering you have imposed in your arrogance is coming for you.
Well said indeed.
They simply refuse to believe that we all NEED EACH OTHER’S SKILLS to live well. Period.
Ungrateful cretins.
“Daddy, how are we going to eat if we don’t have any money?”
This is third grade level comprehension.
The natural extension of fascists steps following the massive vax control Covid scheme. Climate freaks strike me just as mentally ill as the trans-identity cult. They will starve and make destitute their people in the name of climate change, with the same vigor that the sicko parents are having their own children mutilated in the name of gender identity.
Both deserve extreme punishment.
Machines do not operate without fuel, even unicorn fairy machines that disguise themselves as economically driven.
It seems that the Germans should have listened to President Trump instead of laughing and mocking him.
I have two *friends* headed to Europe this fall. One to Italy, one to Germany and France. Both have ZERO clue what is going on. One is a (R) who called me to ask who to vote for in the primary, and one is an older (D). I have told both of them to the extent I felt we could have a mini-conversation. Both were deers in a headlight like I was personally trying to ruin their vacation and not wish them well. I kept it light. I will love to see what they notice. Both felt since they were headed to tourist attractions and hotels they would notice nothing. Maybe they will be right. I lived in Germany for many years while in the military many years ago under the DM, I loved it. I wouldn’t want to be over their now.
“Moral courage is rare in Germany, and it deserts a German completely the moment crisis appears.”
Otto von Bismark
He looks like a man trying to have a talk with a child without going into specifics, and being a little untruthful, while trying to look earnest.
typical doublespeak, also gaslighting, aka cognitive dissonance.
“This is not what you think it is”, as in industries will stop producing but will not be insolvent. Hmmmm. Really?
Do we believe he eats a supermarket roll for breakfast rather than a bakery roll? Is this economizing? Do we care?
Do we believe he is taking cold showers? Do we care? Do we want to take cold showers? NO
All those audience members sitting quietly. I would have jumped up and said what are you talking about? Please tell me how a business does not sell anything but is not insolvent!!?
At this point, the reality they are desperate to hide from the world must be incredibly dire stuff.
Nothing but a giant, money-laundering scheme on a Global scale.
Habeck is either lying or has no idea how money and economies actually work. In either case, he is wholly unqualified and unsuited for the position he holds. The same can be said of 98% of politicians world wide.
Both.
One of the most well-known Americans of the 1930s was Francis Townsend, the champion of the Social Security system. Townsend wanted to see every retired American given $200 a month (quite a large sum then) with the proviso that they must spend it all, and immediately.
FDR was leery of all welfare schemes, as he feared it would ruin the character of Americans. Social Security was passed in 1935, but for far less money (much smaller payouts). The total doled out the first year was about $1.2 million. Social Security now hands out about 5% of the American GDP.
The Republicans were the dominant American political Party until the Depression. The introduction of the welfare state made Democrats, instantly, the more popular Party.
My point? Leftist politicians the world over assume that the welfare state is their panacea. They learned this lesson from FDR; notice how frantically Biden and others have been squandering $trillions in the last few years. Leftists like Trudeau, Biden etc. assume that they can pursue their global warming fantasies riding the dragon of the welfare state. But, but what happens when the money runs out, Justin?
It’s called No Nice Way Out, and it’s coming to every country. When the big economic engines are given a cold, the smaller ones get pneumonia. There’s going to be a recession, in the last 70 years we’ve had 11 of them. Prepare and react as needed.
Wasting energy on who is to blame does nothing. In this case, world governments are to blame, it’s been a team effort. It’s our fault we lost control of ours, so WE collectively are to blame.
Germany is in for a world of hurt. And we all know Trump publicly warned Germany not to be dependent on Russia for fuel. Even Germans know Trump predicted this.
I find it fascinating no solutions to the known problems were offered by this Administrator? Almost like businesses going out/ layoffs/higher fuel costs are the intended result, no?
What policies is he/govt implementing to lessen the harm to Germans??
Inquiring minds want to know.0
If you ever wanted to know what the word “delusional” really meant, look no further.
Just like in America, career government employees have absolutely idea how the private economy functions. Hint: if you want a robust private economy, the government should just get the “F” out of the way!
Just like in every commie putsch, the true believers/useful idiots go first to their demise.