🇩🇪🏭📉 — 🇺🇸 Bloomberg | Germany’s Days as an Industrial Superpower Are Coming to an End | As political paralysis grips Berlin, the energy crisis was the final blow for a growing number of manufacturers | February 10, 2024:
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The underpinnings of Germany’s industrial machine have fallen like dominoes. The US is drifting away from Europe and is seeking to compete with its transatlantic allies for climate investment. China is becoming a bigger rival and is no longer an insatiable buyer of German goods. The final blow for some heavy manufacturers was the end of huge volumes of cheap Russian natural gas.
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In some cases, the industrial downshift is taking place in small steps like scaling back expansion and investment plans. Others are more evident like shifting production lines and trimming staff. In extreme instances — like Vallourec SACA’s pipe plant, once part of fallen industrial giant Mannesmann — the consequence is permanent closure.
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China is now causing trouble for Germany in a number of ways. On top of its strategic shift into advanced manufacturing, a slowdown of the Asian superpower’s economy is sapping demand for German goods even further. At the same time, cheap competition from China is worrying industries key for Germany’s climate transition — and not just electric cars."
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THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.