Tag: economy

Germans Are Feeling the Economy Collapse in Real-Time

Germany was once considered the industrial engine of Europe. Today, ordinary Germans are increasingly feeling their economic model breaking down in real time as living costs rise, industry weakens, and confidence in the future deteriorates rapidly. The political establishment still talks about “green transitions” and economic resilience, but households across Germany are experiencing something entirely different underneath the surface.

Recent polling from INSA found that nearly 70% of Germans believe the country is heading in the wrong economic direction, while consumer confidence remains near recessionary territory despite years of government stimulus and intervention. Another survey found that over 40% of Germans now say they cannot maintain their previous standard of living because of rising costs tied to food, housing, electricity, transportation, and heating. The middle class is being steadily eroded.

This is precisely what I warned would happen once Europe embraced energy self-destruction under the climate agenda. Germany built its industrial dominance around cheap and reliable energy combined with export manufacturing. Once Berlin shut nuclear plants, restricted domestic energy production, and sanctioned Russian energy flows simultaneously, the entire economic structure became vulnerable. Energy-intensive industries like chemicals, steel, manufacturing, and automotive production immediately faced soaring costs that competitors in Asia and the United States simply do not carry to the same degree.

German manufacturing activity has contracted repeatedly over the past two years while industrial production remains well below pre-crisis levels. Major firms including BASF have openly reduced European operations because operating costs inside Germany no longer make economic sense long term. Volkswagen, Siemens, and countless mid-sized industrial firms are all confronting weakening competitiveness as energy prices remain structurally elevated.

Meanwhile ordinary Germans are absorbing the impact through declining purchasing power. Food prices surged dramatically following the Ukraine war and broader inflation crisis. Housing costs continue rising in major cities. Electricity prices became some of the highest in the industrialized world. Insurance costs, transportation expenses, and debt servicing all moved sharply higher after interest rates normalized from the artificial zero-rate era.

The political class still pretends these are temporary disruptions. They are not temporary. Germany is facing structural decline because policymakers dismantled the foundations supporting industrial prosperity itself. You cannot run a major export economy while intentionally making energy scarce and expensive. The mathematics simply do not work.

This is why the ECM projected Europe entering a depressionary phase into 2028. The sovereign debt crisis was never truly solved after the euro crisis years. Europe merely delayed the reckoning through ECB intervention, money printing, and artificial liquidity. Now the continent faces a second wave of pressure simultaneously involving war spending, migration costs, demographic decline, energy instability, and collapsing competitiveness.

Germany sits at the center of that crisis.

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Sec. Burgum on Economy-Crushing Bureaucratic Creep: ‘80% of What People Were Being Held Accountable for’ Not Original Law

Interior Secretary Doug Burgum argued while speaking at a Breitbart News policy event that the vast majority of the legal hoops the American energy industry has to jump through are setting the U.S. back, while China skips over bureaucracy in the race for AI dominance.

Burgum, the chairman of President Donald Trump’s National Energy Dominance Council, told Breitbart News Washington Bureau Chief Matthew Boyle that the “Silicon Valley Titans” who do not necessarily see eye-to-eye with Trump understand the issue, which is why they largely supported his 2024 campaign. 

“In November ’24, who was standing on stage at the inauguration? Tim Cook, Elon Musk, [and] Mark Zuckerberg,” the secretary said. “I mean, you know, Silicon Valley Titans were all standing there within 20 feet of the president. Think, why?”

“Because,” Burgum said, “They all got behind electing a president that understood that we needed more energy, and that we could not win the AI arms race without more electricity, and that the policies that the competition was offering was going to end up with energy subtraction.”

In its own words, the Chinese Communist Party (CCP) has stated that their AI theories, technologies, and applications should “achieve world-leading levels” and make China “the world’s primary AI innovation center” by 2030. 

As Breitbart News’s Wynton Hall noted in his latest book, Code Red, “Nearly half of the world’s top AI researchers are Chinese,” and the country produces “nearly twice as many AI-relevant PhDs as the United States does.”

Burgum stated that Trump’s mission to beat China in the AI race is what caused a “giant shift” to occur, with major technology companies throwing their support behind the president in order to achieve this goal. 

“It was important that it was happening because if we were going down a path, which was continuing to do energy subtraction, we have no chance,” the Interior secretary argued. “Now, we have a chance.”

According to Burgum, the Chinese “are not spending years caught up in court, in litigation over a bunch of, say, bureaucratic rules — not even laws.”

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Time To End the Fed and Its Mismanagement of Our Economy

Every major economic downturn of the last 110 years bears the mark of the Federal Reserve. In fact, as long as the Fed has been around, it has swung the economy between inflation and recession. Yet Americans, surprisingly, have tolerated it.

But we shouldn’t expect that to go on forever. We had three central banks before the Fed and confined each to the ash heap of history. The problems inherent to central banking are cause to scrap the Fed as well.

Central banking dates to 1694, when the Bank of England was founded for the purpose of creating the hidden tax of inflation to provide cheap money to government—above all, for Britain’s many foreign wars. In exchange, the central bankers were paid well with interest.

Like any government-favored bank, the Bank of England lent money it didn’t have, lending far more than the silver in its vaults. The British government endorsed this fraud because the king and Parliament wanted the money. 

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Minimum Wage is Maximum Folly

rogressive lawmakers in Washington, D.C., recently introduced legislation that would increase the federal minimum wage to $25 per hour. But rather than discuss the merits of an increase, our representatives would be wise to debate the scheme itself.

Advocates of minimum wage present the policy as a means to uplift low-income workers. But for more than a century, it has steadily produced outcomes starkly at odds with this goal. It is far more than an economic policy. It is a statement on our society’s underlying assumptions about human freedom, responsibility, and the proper limits of government power. When examined honestly, minimum wage reveals an unsettling truth: symbolic compassion often produces actual misery, and the people paying the highest price are those least able to bear it.

Let’s look at how this policy originated. The popular narrative claims the minimum wage was created to protect low-skill workers from exploitation. But the historical record tells a very different story — one so politically inconvenient that it has been almost entirely erased from public discussion.

In the early 20th century, Progressive-era reformers in the United States, Canada, and Australia supported minimum-wage laws explicitly as a tool to exclude undesired workers from the labor market. These undesired workers were usually minorities, immigrants, women, or the poor. The logic was simple: raise the cost of competitive labor. After all, the appeal of hiring unionized white men is greatly reduced when a black laborer, an immigrant, or a woman is available to do the job at a far lower wage. 

The intention was not hidden. Economists and policymakers wrote openly about the need to prevent “inferior” workers from “undercutting” others through their offer to work for lower pay. Early advocates were quite clear that raising the cost of hiring low-skill workers would reduce their value, making them less employable. They supported the legislation for precisely this reason.

Milton Friedman noted bluntly, “The minimum wage law is most properly described as a law saying employers must discriminate against people with low skills.” Walter E. Williams went even further, calling it one of the few government policies whose historical intent and modern consequences aligned perfectly: it reduced employment among low-skill workers, disproportionately harming minorities.

Minimum wage is a policy born not of generosity, but of exclusion. Its intent was never to uplift. It was always to restrict.

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The Invisible Occupation: How Palantir and AI Built a Financial Prison the Masses Cheered For

We are living in an occupied nation, but the occupying force didn’t arrive in tanks or uniform. They arrived in server racks and boardrooms, selling our enslavement back to us under the guise of convenience and national security. The creeping surveillance state isn’t being forced upon a resistant public; it is being welcomed with open arms by a populace asleep at the wheel.

Palantir is the Lockheed Martin of the domestic data war, acting as the defense contractor for an invisible battlefield, but their depravity extends far beyond American borders. They don’t merely sit on the sidelines building the overarching dragnet that seamlessly ingests the Ring camera footage oblivious citizens hand over to local police. They are active participants in global slaughter. This is the very same company supplying the algorithmic targeting systems and AI intelligence used by the Israeli military to facilitate the genocide in Palestine. They test and refine their digital kill chains on the bodies of innocents abroad, only to package those exact same mass-surveillance weapons and turn them inward against the American public. And to feed this beast domestically, Palantir relies on far more than voluntary home surveillance. They aggregate billions of data points involuntarily harvested from your daily life—sucking up automated license plate reader data, scraped social media, purchased cell phone location pings, and even medical records—creating an inescapable digital panopticon you never consented to.

This infrastructure wasn’t built by well-meaning public servants, but rather by the darkest elements of the global elite. According to leaked audio, Jeffrey Epstein explicitly advised former Israeli Prime Minister Ehud Barak to “look at” Palantir back in 2013 to monitor citizens. Furthermore, Palantir co-founder Peter Thiel shows up extensively in the infamous Epstein files, with Wired reporting his name appearing over two thousand times in the disgraced financier’s records.

These are the individuals constructing the systems designed to monitor your every move, and their reach is now absolute. As we have documented extensively at The Free Thought Project, whistleblowers are screaming from the rooftops that Palantir has effectively taken over the US government data infrastructure from the inside out.

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Eat the rich? As CEO salaries explode, worker pay continues to stagnate

Top global CEO pay increased 20 times faster than workers’ pay in 2025, while at least four CEOs of major corporations each pocketed over $100 million in pay and bonuses last year.

At a time when the global workforce is concerned about keeping up with the challenges imposed by artificial intelligence in the workplace, corporate top executives are hoarding the lion’s share of the profits. As they have done for centuries, the rich are not investing in their workforce, opting instead to fatten their wallets.

CEOs of the world’s biggest corporations enjoyed an 11 percent real-terms pay increase last year, while the average global employee saw real wages increase by just 0.5 percent, new analysis by the International Trade Union Confederation (ITUC) and Oxfam reveals. To put it another way, top global CEO pay increased 20 times faster than global workers’ pay in 2025.

In the United States, chief executive salaries surged 20.4 times faster than workers’ wages in the last year. For the 384 CEOs in the S&P 500 where data was available, pay increased by 25.6 percent between 2024 and 2025. Meanwhile, average hourly earnings for private sector workers increased by just 1.3 percent from 2024 to 2025 in real terms.

Consider these disturbing facts the study revealed:

  • Global real wages for workers have fallen by 12 percent since 2019. This means they have effectively worked 108 days without pay between 2019 and 2025 (31 days for free last year alone).
  • The gender pay gap for the workforce across 1,500 corporations averages 16 percent, meaning that their women workers effectively work for free after November 4 each year.
  • The average CEO pocketed $8.4 million in pay and bonuses last year, up from $7.6 million in 2024. It would take the average global worker 490 years to earn the same amount.
  • Nearly 1,000 billionaires whose investment portfolios were identified collectively received $79 billion in dividends in 2025 —equivalent to $2,500 per second. The average billionaire made more in dividends in less than two hours than the average worker earned in pay in an entire year.
  • So far, four corporations, including Blackstone, Broadcom and Goldman Sachs, have reported paying their CEO more than $100 million in 2025. The top 10 highest-paid CEOs collectively made over $1 billion.

Billionaires are also using their vast wealth to purchase clout on the political stage, which amounts to the rich buying elections around the world. It should therefore come as no surprise that billionaires are 4,000 times more likely to hold political office than ordinary people. Once in office, the rich work to push through legislation that serves to help them and their cronies. This has led to the erosion of workers’ rights, cutbacks on public services, and steep tax cuts to the richest.

Corporations and their CEOs cannot resist the temptation to use their wealth and clout to consolidate power and ownership in ways that can destabilize democracy and workers’ rights.

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Legendary economist known for 1969-70 recession prediction warns downturn may hit in 2026

Gary Shilling, the legendary forecaster known for his bearish accuracy and being fired from Merrill Lynch for predicting the 1969-70 recession, is sounding the alarm on a 2026 economic collapse.

In a recent interview with Business Insider, Shilling warned that a U.S. recession is “almost inevitable” by year-end, driven by a “frozen” housing market, corporate investment indicators and a weakening consumer base.

“Stocks are very expensive and there probably is a major correction coming somewhere in the relatively near future,” Shilling said. “A decline of 20% or 30% is no big deal by historical standards. So I would say that’s probably in the cards.”

“I’ve sort of made a career looking for those hidden flaws, and I don’t see anything right now that is just screaming for a big sell-off, but that doesn’t mean it isn’t there,” he added.

Across American real estate, buyers and sellers have been reluctant to make moves as interest rates remain elevated, and mortgage loan rates slowly tick down. There is also a lack of affordable inventory and reports of rising foreclosures, signaling homeowners continue to get squeezed.

Shilling also pointed to what he described as a “collapse” in capital expenditures, or large investments that companies expect will last for years and boost overall future value. Business Insider cited that broader capital expenditures grew just 3.9% by the end of 2025, compared with a pandemic peak of 24% capex growth.

The economist spotlighted the state of the U.S. consumer as the third pillar leading to a recession, with the Federal Reserve’s preferred inflation gauge remaining stubbornly high in March, rising 0.7% month-over-month and up 3.5% from a year ago.

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Germany’s Silent Shift: From Entrepreneurs To State Dependence

Germany affords itself a state bureaucracy that functions like an artificial labor market placed upstream of the private sector. The flight of hundreds of thousands into the arms of the state corresponds with the shrinking number of self-employed in the country. And policymakers are actively promoting this trend.

Let us begin with a piece of good news: according to a Bertelsmann survey, around 40 percent of Germans aged 15 to 25 can imagine starting a business as their personal life path. That is a surprisingly high figure in a country where young people not infrequently cite, half-jokingly and half-seriously, Hartz IV or the public sector as career goals.

Let us note: the embers of entrepreneurship in Germany are still glowing; economic autonomy and sovereignty still rank highly among the younger generation. However, it is questionable whether this will suffice to ignite, one day, a true founding boom in a country of climate transformation, deeply rooted faith in the state, and an expansive public sector—a boom that could force a turnaround and help erase the long-accumulated sins of climate socialists.

But we digress. Romantic youthful ideals carry little weight in the leadership circles of the Berlin Republic. There, the ideal of free enterprise collides with the cultural-political malaise of statism—one of many politically induced fault lines of our time. Entrepreneurial action, the free decision over the allocation of capital, inevitably carries conflict potential in a climate of manically enforced eco-transformation.

In attempting to transform the existing economic order into a system of state-directed energy production and centrally steered industrial output, policymakers are pushing a growing number of mid-sized enterprises either into insolvency or straight abroad. No one should be surprised by the country’s economic depression: there is a price to be paid for handing over the economic crown jewels—such as nuclear power or automobile manufacturing—to ideological zealots.

It is hardly surprising that the fury of the socialist “firewall cartel” is also directed at entrepreneurs, who serve as one of the silent barriers against the barbarism of socialism. In Germany, it is all too easy for politicians to distract from their own failures with envy debates, resentment, and instruments such as inheritance or wealth taxes. If you want to understand how this script works, recall the embarrassing entrepreneur-bashing by the labor minister and her finance minister just a few weeks ago. This is not an entrepreneur-friendly climate—neither fiscally nor socially.

One should therefore not be surprised: economic decline is inevitable, and it is increasingly visible in the compressed real incomes of citizens. They are grappling with a distorted labor market, rising inflation, and ongoing poverty migration—a toxic brew for a society that has, in large part, lapsed into an apathetic and strangely muted “degrowth mode.”

As mentioned: why still have entrepreneurs if, in the end, the state—with unlimited credit and the iron hand of the supreme regulator—directs economic activity? Economist Lars Feld estimated total subsidies last year at €321 billion, corresponding to seven percent of the country’s entire economic output. Put more bluntly: a Mount Everest of corruption money, actively tracked down by dubious subsidy entrepreneurs who, in doing so, help construct the redistribution machinery of the green transformation. A devilish system that casts anyone enriching themselves from taxpayers’ money in an extremely unfavorable ethical light.

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The monetary system is designed to enslave you and your government

The dollar, pound, euro, peso, yen or whichever fiat, unbacked currency is in your wallet or bank account is the very means by which we are all enslaved.

It is a brilliant, hidden system of cunning, evil genius – to make the commodity most sought after the world over (because it is the most exchangeable for the things you want and need; the very thing that keeps the state getting more powerful, the corporations squeezing ever more small and independent businesses out of the market, the courts maintaining the unjust status quo and the media propagandising everyone using every trick in the book – all to keep the system in place and the rulers in power.

The best way to keep a population enslaved is to never let them see the bars of the cage and give them the illusion of freedom.

So you get a choice between red and blue political teams, different brands of the same poisonous crap, and different branded stores where the poisonous crap is sold, but that is not freedom; it’s a system developed over centuries so that its slaves become comfortable in their open air prison and even fight to maintain it, believing it’s the best system possible, or it wouldn’t exist and another would surely have taken its place by now.

Aren’t we just the most advanced civilisation there has ever been? I mean, look at our amazing buildings (and modern works of art)!

It Starts With Indoctrination At School

Do you never wonder why we are not taught about the most basic mechanisms of our economic life in school, if school is supposed to prepare us for the world ahead as an adult?

You might have been taught what a bank account was and how to open and use one and then they just implant the necessity of money in our minds and there it stays as we keep chasing the carrot and avoiding the stick for most of our working lives, without ever understanding where currency comes from and why it is so hard to accumulate enough to buy the things we need in life like a home, land, transport, etc.

Here is the shocking truth they will never tell you: the money we borrow when we go for a loan or a mortgage is not from someone else’s deposits, again, as most are taught, even at university level.

Fractional reserve banking would be bad enough, but what the actual mechanism is, as confirmed by the Bank of England’s ‘Money Creation in the Modern Economy’ report from 2014 and many other researchers before and since, is far worse than even starting with real labour-produced savings: the money is created when you sign for the loan.

If you didn’t know that before, it should indeed be shocking, but it’s not “conspiracy theory” or conjecture – The Bank of England says so.

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Europe Explores Wealth Taxes, Capital Taxes, and Exit Taxes

The European Commission has now openly published a two-volume study examining “net wealth taxes,” “capital taxes,” and perhaps most alarming of all, “exit taxes.” They are no longer hiding the agenda behind slogans about “fairness” or “solidarity.” The report openly discusses how to tax wealth, how to monitor ownership, how to close compliance gaps, and how to prevent capital from escaping. This is precisely what I have warned was coming as governments across Europe enter the terminal phase of a sovereign debt crisis.

The study was commissioned by the European Commission’s Directorate-General for Taxation and Customs Union and examines wealth taxation systems across Europe and beyond, including France, Germany, Spain, Norway, Switzerland, and Colombia. The report specifically focuses on recurring wealth taxes, inheritance taxes, capital gains taxes, and exit taxes designed to capture wealth before individuals relocate outside the jurisdiction.

The timing is everything. Europe’s economy is collapsing into what our Economic Confidence Model has projected would become a prolonged depressionary period into 2028. Manufacturing across Germany has been imploding, energy prices remain structurally elevated because of the self-inflicted sanctions war and Net Zero agenda, and capital has been fleeing Europe into the United States for years. The EU knows this. They see the money leaving. They understand that confidence in European governments is collapsing, and instead of reforming policy, they are moving toward containment.

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