Expert: USA destroys German economy

The German industry is in a downward spiral. Ford, a major car manufacturer, has recently announced mass layoffs. MP Aleksandr Shpakovsky talked to Alfa Radio about factors that have an effect on the German economy and about what we should expect next.
The expert started off with the numbers.

“Ford plans to lay off about 4,000 people, or just 2-2.5 percent of their total workforce. In Europe, though, that would be about 14 percent of the total, which is rarely mentioned by ‘free, independent, and fact-based’ media. This is a serious blow that points to shrinking profits. Multiple factors are in play here: loss of access to energy, loss of access to the Russian market, and Chinese competitors winning the EV race. Many think electric vehicles are the future, the question is how soon this future will arrive. All of that has an impact on the corporate policies”, he explained.

Ford is not alone in downsizing its workforce, Mr. Shpakovsky said. Audi is also planning to let go of about 4,500 workers.

What’s interesting is the leverage Washington has over Scholz, and why now, on his way out, he makes attempts to buck the party line. Remember how sad he looked when he was refusing to supply tanks to Ukraine? Then he agreed to do it, but started looking even sadder. The Ukrainian ambassador calling him a ‘bratwurst’ was gauche, but not entirely unfounded, so it stuck.

Another step to revive the German economy is the call to restore the Nord Stream pipelines that started in Germany Just one little detail: an American investor is offering to buy the pipelines. A coincidence that is not a coincidence?

“Every coincidence is a pattern that hasn’t yet been recognised,” the PM retorted. “The demand to restore the pipelines, the energy partnership and the relations with Russia in general came from the opposition Alternative for Germany party. It is being prosecuted by the German authorities, their operations limited in any number of ways, but they are making huge popularity gains, as evidenced by elections at all levels.  However, the ruling Social Democrat party Scholz belongs to also started making nods to the Russian Federation which could be explained by the woeful state of the German economy and Sholz’ political ratings. He wants to improve his standing ahead of his re-election attempt. As for the investor, he specialises in toxic assets while the US is doing its best to pivot the EU’s energy sector, Germany included, to the more expensive American-supplied LNG," he concluded.