Germany’s producer price index is up 30 percent from last year.
BREAKING
Producer Price Index in Germany at record high:
+30.9% vs. one year ago
+4.9% vs. one month ago— Quinten Francois (@QuintenFrancois) April 20, 2022
This is starting to approach Weimar levels of craziness. It is hard to see how the German economy can function with prices rising this fast.
Germany is widely considered the economic engine of Europe. If Germany falters, all of Europe will falter.
The crazy thing is that this is all self-inflicted through the virus hoax insanity and the idiotic sanctions on Russia. The German economy needs Russian gas and what’s happening is making that fact all the more obvious.
On top of this, none of what is being done against Russia is having any impact on their ability to achieve their military objectives in the Ukraine.
