COMMENT: Mr. Armstrong, Thanks a lot for coming to Germany. Your view is at all times one of the best, for it’s not based mostly, as you say, on private opinion. I want the federal government would pay attention and inform the politicians to undertake a brand new approach of managing society.
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ANSWER: Sure, I do know what you imply. However as I’ve at all times mentioned, after working and assembly with governments worldwide for over 40 years, they like to behave in their very own self-interest, outlined as their private energy – not the advantage of the folks. This illustration is of the German GDP within the Euro, adopted by the timing array, after which expressed in US {dollars}.
Foreign money masks the true traits. I attempt to clarify that, however as , most individuals in these conferences can not grasp the idea. You aren’t widespread in authorities. There must be extra such as you. Greater than a easy one-dimensional view appears too difficult for them to know. When I’m gone, hopefully, they may have the ability to take what I’ve carried out with out prejudice as to who developed it. That’s simply the way in which it goes. They used to say a prophet is rarely accepted in his personal land. Keynes was criticized within the Twenties. Marx was embraced solely after he died.
As you’ll be able to see, German GDP peaked by way of actual worldwide worth in 2007 with the Financial Confidence Mannequin, and the Euro peaked in 2008. The excessive worth of the Euro in 2008 diminished exports, and the recession started with that turning level on the ECM. The Pi Goal on that wave was the exact day Greece turned to the IMF for a bailout, launching the European Debt Disaster.
German REAL GDP in worldwide worth phrases is not going to backside till 2030. The ECM turning level means that Germany is headed right into a recession that general will seem to backside in nominal phrases in 2028, however in actual phrases, it should prolong into 2030.
