Submitted by Thomas Kolbe
Friedrich Merz does not make it easy to interpret current economic data correctly. The debt king from Brilon is not only distorting the statistics with his “special (debt) assets”: More than 320 billion euros in direct and indirect state subsidies are flowing, according to Freiburg economist Lars Feld, through subsidy channels that are penetrating ever deeper into the German economy. Artificial economies are emerging there, economic homunculi that will remain permanently dependent on the taxpayer.
What Is Still Growth, and What Is Debt-Financed Illusion?
In July, the Federal Statistical Office reported a strong increase in orders for German industry: Real order backlogs rose by 2.5 percent compared with the previous month, and by as much as 10.9 percent year-on-year – a figure of Olympic proportions.
Behind the statistical facade, however, it quickly becomes clear where the wind is actually coming from: Above all, the Other Transport Equipment sector increased its order backlog by 3.9 percent compared with the previous month – the billions in debt for the defense industry are creating a positive mood at Rheinmetall, Hensoldt and Co.
What a contrast to the real economy! The automotive industry, still the backbone of the German economy, can no longer escape its downward spiral: In July, carmakers once again recorded a decline in their order volume, this time by 1.7 percent compared with the previous month.
Adjusted for debt-financed defense orders, it becomes clear that the trend is still heading south. The fact is that with every additional month of the current policy, the economy is losing ground to foreign competitors. Who is sur
