Germany economy on the verge of collapse

[patel]

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Things are not looking good on the European front. Economic Armageddon! Kadudu now you have to work until 75yrs before you can say retirement. Time to bail out my sista!

[RV Heavy Hitter!]

It is Western countries for the most part. Here in the US, most people making regular wages can no longer afford to buy houses or even go for vacation. Those making minimum wage jobs are homeless or on the verge of sleeping in their cars. On the flipside, if you are rich, money is now piling up like never before. 2% of the US are getting super wealthy and bottom 70% are getting poorer per the day. Upper middle class are getting squeezed with some escaping upwards to richness and some one event away from joining the poor folks!

[Kadudu]

Keep on dreaming.

Germany:
Population: 83 445 000 (2024)
GDP per capita €43 400, the EU average €37 600.
It accounts for 24.2% of the EU's total GDP.

Kenya:
Population: 53 000 000 (2024)
GDP per capita €1 650 (1853.09 US dollars ) in 2024

Stop Ruto and his KK gangsters from stealing public funds before commenting on other countries. I am sure you dream of driving a German car. kwani you think the those cars are made in heaven?

Things are not looking good on the European front. Economic Armageddon! Kadudu now you have to work until 75yrs before you can say retirement. Time to bail out my sista!

[RV Heavy Hitter!]

Keep on dreaming.

Germany:
Population: 83 445 000 (2024)
GDP per capita €43 400, the EU average €37 600.
It accounts for 24.2% of the EU's total GDP.

Kenya:
Population: 53 000 000 (2024)
GDP per capita €1 650 (1853.09 US dollars ) in 2024

Stop Ruto and his KK gangsters from stealing public funds before commenting on other countries. I am sure you dream of driving a German car. kwani you think the those cars are made in heaven?

Things are not looking good on the European front. Economic Armageddon! Kadudu now you have to work until 75yrs before you can say retirement. Time to bail out my sista!

Don't go by those skewed/white supremacy numbers churned out by the IMF/World Bank. Africa at large is not credit-based, and there is an informal economy not measured anywhere. American GDP per capita is almost twice of Germany but I can tell you almost everyone is using all those earnings to pay for land taxes, homes/rent and associated taxes, cars, property taxes, grocery taxes, healthcare, water, internet, electric bills, phone bills, and interest rates on credit cards and so much more. Someone earning about $3000-5000 is always left with about $100 a month. Car payments alone are ridiculous nowadays in the West. I don't know Germany much, but in USA a new car is about $50,000. SUVs are about $100,000 and out of reach for most people, but the American system has designed ways to still sell cheap and financing that takes up to 9 years to finish. Homes take 30 years to finish, but for some reason something happens and the homeowner loses the home before he/she finishes, and someone else starts over for another 30 years, and so on and so forth. Most overpriced American homes take 2-4 people before they are paid off in a 40-60 year payment. Right now if you make about 100,000 shillings salary in Kenya and own land and your home and a few possessions, you live a much better life than an American who makes 10 times that monthly. Not exaggerating. 'Per capita' means nothing, especially in the Western world, where inflation is insane and life is artificial. Now if you've paid off your home and have no car payments and still rake in 100,000 yearly in dollars, then America and the West are sweet! But sadly that is about 5-10% of the population. Kenya's cash system is king, and they should keep it that way. Germans on Reddit are whining and calling for Japan-level economic stagnation for two decades after 2-3 years of 0 economic growth. Trust Germans to tell you the truth, not immigrants in Germany!

[Kadudu]

Bring out your own balck supremacy figures before commenting on facts that we all can see and feel. Are you trying to compare the material standard of living in Kenya to the US or Europe? I insist on the world material since that is what GDP figures are all about.

Also kindly state here how many Kenyans earn 100K per month.

Also you are compalining about prices of cars in the US. Try buying the same car that costs $50,000 in the US in Kenya.

As long as people in Kenya and other countries are willing to try go to the US and other places to seek greener pastures, you will always know the place that promises people a better future. You making noise about the US does not bring solace to the masses that are suffering under a gangster regime like in Kenya.

Don't go by those skewed/white supremacy numbers churned out by the IMF/World Bank. Africa at large is not credit-based, and there is an informal economy not measured anywhere. American GDP per capita is almost twice of Germany but I can tell you almost everyone is using all those earnings to pay for land taxes, homes/rent and associated taxes, cars, property taxes, grocery taxes, healthcare, water, internet, electric bills, phone bills, and interest rates on credit cards and so much more. Someone earning about $3000-5000 is always left with about $100 a month. Car payments alone are ridiculous nowadays in the West. I don't know Germany much, but in USA a new car is about $50,000. SUVs are about $100,000 and out of reach for most people, but the American system has designed ways to still sell cheap and financing that takes up to 9 years to finish. Homes take 30 years to finish, but for some reason something happens and the homeowner loses the home before he/she finishes, and someone else starts over for another 30 years, and so on and so forth. Most overpriced American homes take 2-4 people before they are paid off in a 40-60 year payment. Right now if you make about 100,000 shillings salary in Kenya and own land and your home and a few possessions, you live a much better life than an American who makes 10 times that monthly. Not exaggerating. 'Per capita' means nothing, especially in the Western world, where inflation is insane and life is artificial. Now if you've paid off your home and have no car payments and still rake in 100,000 yearly in dollars, then America and the West are sweet! But sadly that is about 5-10% of the population. Kenya's cash system is king, and they should keep it that way. Germans on Reddit are whining and calling for Japan-level economic stagnation for two decades after 2-3 years of 0 economic growth. Trust Germans to tell you the truth, not immigrants in Germany!

[Georgesoros]

A severe world wide recession is in the works.
Most USA working folks cant afford food, or even basic stuff. The bottom will collapse like it did 2008. Except back then there were competent people.

[Modesty Blaise]

Financial stress is subjective or should I say local. Anyone with <30k pm in my neighborhood will be in trouble. Saying they would be comfortable in rural Idaho or Kenya is pointless. They live here.

The problem is the massive inequality and inflation caused by political idiocy. Cutting taxes for corporations and billionaires and increasing Pentagon spending to sustain military bases in the middle of nowhere. This while slashing Medicaid and food stumps! As the national debt soars it will get worse. Only Sanders-type socialism can save poor folks here.

Germany and Europe should just make peace with Russia and stop importing exorbitantly priced energy from the US and India.

Commonsense is extremely uncommon unfortunately.

[RV Heavy Hitter!]

America has gone batshit Crazy. Even if the economy collapses, you will never hear it because corporations, billionaires and Trumpers have taken almost all media. CNN will go conservative soon like FOX with Ellison set to buy. ABC/CBS are no longer liberal.

Independent Media and Bloggers are the only folks telling the Truth on the ground

NBC and MSNBC will likely be acquired by billionaires soon in a similar way


AI and technology will take away almost 50+ million jobs by 2035.

10% of Americans own 100% of all stocks

53% of all homeless people currently have jobs (2021 study), but I think now I'd say 60%+. Imagine having a job and still homeless

Energy costs, due to massive AI and data centres, are increasing very much daily. Paying for gas and electricity in America, especially if you have a big house, is getting nuts. To make things worse, the gas and electric company are one and there is no competition.

Making under $30 an hour in America is straight poverty because you can't pay for water, electricity, gas, a car, a phone bill, internet, taxes, food/groceries, medicine, entertainment, vacation, or rent. Sadly, 60% of Americans make under $30 an hour.

Corporations are taking and owning everything, including news networks, churning out propaganda every day and not talking about affordability and low wages/no decent jobs, etc.

Trump has total power and is running the show like a maniac. Proud Boys, Oath Keepers and other right-wing groups have been embedded into ICE and are removing people in droves. Corporations are taking advantage and setting up companies along the

border in Tijuana and hiring deportees who speak English for $1 an hour instead of paying folk $30 in the US. Jeff Bezos and the rest are making dough using deported people!

[Modesty Blaise]

I think fringe politics will prevail. A socialist or wacko like Javier Milei will take over. Then shit will hit the fan, capital will flee, etc. Our best days seem to be behind us.

[Georgesoros]

I think fringe politics will prevail. A socialist or wacko like Javier Milei will take over. Then shit will hit the fan, capital will flee, etc. Our best days seem to be behind us.

Yap the best days are way behind us.
Soon America will be another Afghanistan, religious zealots take over the reigns and spread their gospel according to Pharisees.
Inflation is going up and up and up. Graduates will face longterm joblessness while the Boomers eat their caviar tramp style.