In recent days, one alarming report after another has emerged about the European economies. The political elites and their mouthpieces, the mainstream media, can no longer ignore it. Things are not going well — and that is putting it mildly. The situation is bad and will get worse. This is something some of us had anticipated for quite some time, and alert economists have been saying and warning about.
Let’s start with one of the richest countries in Europe: the Netherlands. Although small in size, the wealth enjoyed by elites and, to some extent, citizens some twenty years ago was enormous. I would even venture to say that, in some respects, the Netherlands was richer than Switzerland.
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But due to many factors — bad politics, and the emergence of countries like China and, to a certain extent, India and Russia, whose economies have become stronger and their citizens richer — the Netherlands is now on the verge of collapse, like almost all wealthy EU countries, or rather, Western countries.
Dutch politics has been unstable for years. There are simply too many parties, too many opinions, and too much division. While the older, established parties remain strong in terms of seat count, they cannot truly govern. Moreover, there is the “manufactured” housing crisis caused by the insane nitrogen policy, the refugee crisis that causes daily street violence and the murder of women and children, and then there are the agendas of the WEF and the UN that have to be pushed through due to the advancing artificial intelligence (AI) frenzy. It is a cocktail of unrest and division. Also, let us not forget the increasing criminality of the Moroccan mafia: the underworld has now penetrated into the upper world.
The new elections (the last one was in 2023) and the government, which did not take office until 2024, have been ineffective. The population is being misled and distracted by the supposed war Russia is planning to start. So, parties like the established Christian Democratic Appeal (CDA) are devising new plans. This party, which is well in the lead, wants to introduce a “freedom tax” to increase the defense budget so they can wage “war” or defend themselves against the greatest threat: Russia.
Then we come to the worst, “sickest” kid in the class: Germany. The welfare state is “no longer financially viable,” said German Chancellor Friedrich Merz, a BlackRock man, in recent interviews. Of course, it is no longer financially viable — one does not have to be an economic whiz kid to see that, with so many migrants contributing little to nothing but receiving money from the state.
The country has been slowly spiraling toward the abyss since 2015, a process that can no longer be stopped; politicians and elites do not want to stop it. They talk a lot but essentially do nothing. The famous German car industry is ruined, the chemical industry is ruined, and with it, many suppliers.
The most foolish thing Germany could do economically was to stop buying Russian gas. Now they have a major problem: like the rest of Europe, they have to buy expensive LNG from the U.S. The costs are skyrocketing, to put it mildly.
Recently, after all the government’s lies and manipulation, the truth about how Germany, or rather its citizens, should survive the winter came to light. Many gas storage facilities in Germany are currently significantly emptier than in previous years. The Greens, who want to gradually phase out gas, are warning in the Bundestag about the consequences of a cold winter. The Greens’ policies have effectively ruined Germany, with incompetent politicians like Annalena Baerbock and Robert Habeck. Both have resigned and emigrated abroad, leaving behind a political and economic disaster in Germany.
