The Year 0 of Germany
March 20, 2024This is striking! The energy crisis of 2022 has been the worst economic crisis in Germany since WWII when looking at the decline of real wages. The increase in the price level is very likely permanent – those with savings have unexpectedly lost some of their purchasing power. The real estate owners (upper middle class)…
World : Life prognosis at stake
March 18, 2024It’s always the same eternal questions that torment us when a bubble bursts and wreaks havoc on human, economic, and ecological fronts: How did we get here? What happened? Our world finds itself today in a critical situation with few historical precedents because we are now all hostages to multiple and repetitive bubbles. There’s the…
Greece not playing along
August 31, 2022Russian oil is mainly transported by Greek cargo ships (here in blue). Greece is taking a huge risk in aiding the violation of sanctions in this way. Isn’t our European Union harmonious?
German strategy
August 30, 2022Very interesting this substantial decline in road traffic in favor of rail in Germany from the moment the universal train ticket at 9 euros was instituted. That’s right: travelling/moving around becomes accessible again to those who couldn’t afford it.