Wednesday, July 6, 2022

Peter Boehringer, July 5, 2022, German Trade Balance

AfD Kompakt, July 5, 2022.

What Merkel prepared in the 16 years of her anti-Germany policy, the red-green-yellow Ampel now brings home: Under the Ampel, the life’s blood of the German industry and economy will be turned off, quite consistently and almost literally. Yet its surpluses were and are the source of our prosperity! Without good export numbers – say, in the important Asiatic markets of China and Russia – there are no long-term realizable imports. It may then be that one can live on a systematic, long-term basis of indebtedness, like the U.S.A. on its world reserve currency dollar, or one may have a “Big Spender” in Europe like the EU’s southern countries, so far by means of German EU transfer payments. The Great Awakening will come even for those transfer recipients when in the future Germany can no longer be the world’s paymaster.   

If the government in all fields does not finally change course (an energy policy on a “green”, unrealistic basis, a sanctions policy with harm primarily for one’s own country, CO2 duties mania, crippling Corona preventive measures, an EU planned economy on the basis of mountains of debt, an economically expensive and harmful immigration policy), Germany’s deficit situation will not have been a one-time slip but will become a long-term condition.

The German success model is thus acutely endangered – and with it disappears our prosperity when a future, long-term trade balance deficit of the greatest EU paymaster will also further weaken the value of the euro and so will further fire up the inflation by means of rising import prices.

As a result of rising prices in a deficit economy, the people will no longer be able to compensate for their sinking purchasing power with higher wages. With the German prosperity also disappears our ability to subsidize the entire world or in the long-term rescue the euro. Will the anti-rational government or the world come to its senses? The German poet Friedrich Hebbel already foresaw it coming 160 years ago: “It is possible that the German disappears from the world stage, for…all nations hate him, the good like the wicked. Yet if they really for once succeed in driving him out, a situation will arise in which they again wanted to scrape him out of the grave with spikes.”

 

[trans: tem]