Eurozone Economy Stagnates Amid Slowing Producer Prices
The Eurozone's economy showed stagnation in October, as the composite Purchasing Managers' Index (PMI) for the region's private sector activity remained unchanged at 50.0 from the previous month, S&P Global reported in its latest release. This followed an initial estimate of a rise to 49.7 points. Economists had expected the reading to be confirmed.
A PMI figure above 50 indicates growth, while a reading below 50 signals contraction. The data suggests the Eurozone economy is struggling to gain momentum, with both the manufacturing and services sectors experiencing tepid performance.
Meanwhile, Eurozone producer prices declined in September, falling 0.6% compared to the prior month, according to Eurostat. Economists had forecast a 0.7% drop. On an annual basis, producer prices were 3.4% lower, slightly better than the expected 3.5% decrease.
#EuropeProducerPrices #Europe #Inflation #EuropeanEconomicGrowth #eu
I feel completely unburdened by what has been
#bitcoin
US Election: When Old World Meets Digital Gold
While Europe shivers through its geopolitical winter, desperately glancing across the Atlantic for warmth, America quietly stacks its digital fortress. The contrast is striking – like comparing a fading polaroid to a lightning strike on a clear night.
Europe's Ukraine headache throbs stronger as American attention drifts elsewhere. But here's the plot twist: while the old continent grapples with energy prices and proxy war fatigue, Bitcoin's orange glow gets brighter. Digital sovereign wealth flows through nodes like new blood through old veins, transforming yesterday's power structures into tomorrow's relics.
The irony doesn't escape us. As European leaders shuffle through corridors of fading influence, America's Bitcoin pioneers are reshaping the playing field. Hard money doesn't care about diplomatic protocols or centuries-old alliances – it's too busy securing the future's value.
Some key players get it. When transition team leaders hold "hundreds of millions" in Bitcoin, it's not just investment – it's foresight. While Europe desperately tries to maintain the old order, America's already securing the new one.
Musk stands in the room as a brilliant innovator among many, adding his spark to America's technological renaissance. Meanwhile, manufacturing jobs tiptoe back home like cats in the night, drawn by the scent of change.
The BRICS may stack their gold, Europe may pine for past certainties, but America's betting on digital gold. It's not a fairy tale – it's game theory in action. While the old world wrings its hands, the new one secures its future on the blockchain.
Morning comes, ready or not.
#Bitcoin #Europe #DigitalTransformation
#GeopoliticalShift #SoundMoney
#DigitalGold #EU #NewWorldOrder
#BitcoinStrategy #MonetaryRevolution #HardMoney
Now that it should be clear that the #USA will not allow itself to be dragged deeper into the #Ukraine war and that there are no Russian reparations to be collected, we can look forward to seeing who from the #EU will be the one to kiss Vladimir #Putin's ass in order to solve the #energy crisis.
U.S. Service Sector Demonstrates Resilience, Defying Recession Fears
The United States service sector has shown promising signs of strength, with the Institute for Supply Management's (ISM) October index unexpectedly rising to 56.0, surpassing the market's forecast of 53.7 and the previous month's reading of 54.9. This figure, well above the 50-point threshold signaling economic expansion, suggests that the service industry is continuing to thrive, even in the face of broader economic uncertainties.
While the Business Activity Index, which tracks production dynamics, experienced a slight dip to 57.2 from 59.9, the new orders subindex remained resilient, standing at 57.4 compared to 59.4 in September. These data points collectively indicate that the U.S. service sector is maintaining its momentum, defying concerns about a potential economic slowdown.
The robust performance of the service industry, which accounts for a significant portion of the U.S. economy, underscores the overall resilience of the nation's economic landscape.
#ServiceSector #USA #EconomicResilience #ServiceIndustry #USEconomyUpdate #NoRecessionInSight
The climate crap is collapsing. From the beginning it was only meant to create an artificial GDP and keep feeding the massive european subsidy and bureaucracy machine. Europe's energy shortage cannot be solved by forcing the whole world into its own stupid infantile scheme. ESG investments are collapsing!
#wef #un #eu #greendeal #climatescam
The really tragic-funny and pathetic thing is that #China most likely mined its #Bitcoin honestly, while the #USA simply stole its. The country needs to get back to its values!
Germany: CDU Plots Nuclear Comeback Amid German Energy Crisis
The Christian Democratic Union (CDU) and its Bavarian sister party, the CSU, have launched a bid to revive Germany's waning nuclear power sector. This move challenges the ruling coalition's efforts to phase out domestic nuclear energy, which all parties have absorbed into their "green agenda of destruction."
Greens in government have presided over the complete removal of nuclear from Germany's grid, even demolishing decommissioned plants. But the CDU/CSU's "New Energy Agenda" aims to undo this "ideologically motivated wrong decision."
The policy outlines plans to reactivate remaining plants and build new nuclear facilities, including advanced modular reactors. CDU energy spokesman Jens Spahn said the "green" transition needs a "cost turnaround" to make energy affordable. Is this a little kandle of reason in the intellectual desert of german politics?
#Germany #Energy #NuclearPower #EnergyTransition #CDU #GreenTransition #ClimatePolicy
We'll soon know if the most important nation in the free world is showing a healthy immune response to cancerous rainbow stalinism. #usa #uselections2024 #kamala #trump #dei #esg #wokeism
Keynesianism is not a conventional economic doctrine. It is a pseudo-intellectual scheme for the continuous transfer of power from the private to the state sector, well protected by academia and the mainstream media. #freedom #keynes #bitcoin
China's Growth Numbers: The Art of Economic Theatre
A deep dive into China's latest economic performance reveals an intricate dance of numbers and narratives. The Caixin/S&P Global Services PMI jumped to 52.0 in October - but what's really behind these suspiciously precise figures?
While Premier Li Qiang confidently projects hitting the magical 5% growth target, the reality appears more complex. The recent economic "achievement" comes courtesy of a triple play: data finessing, aggressive stimulus injections, and monetary expansion that would make a money printer blush.
The Communist Party's playbook remains consistent: craft a narrative where economic growth appears as predictable as a well-rehearsed performance. October's service sector "improvement" follows this familiar script - right on cue after September's stimulus encore.
Key patterns to watch:
- Convenient PMI rises post-stimulus
- State-guided "market responses"
- Perfectly aligned growth projections
- Strategic data timing
Reality check: When every economic target gets hit with Swiss-watch precision, it might be time to question the clockmaker.
#China #EconomicTheatre #Bitcoin #Mises #FreeMarket #MarketManipulation #GrowthNarratives #GlobalMarkets
Incredible watching a societal suicide in realtime. Sorry for the people
The Central Banking Theater: How Media Manufactures Monetary Consent and Hides the Greatest Theft
As Ludwig von Mises warned: "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
BNP Paribas Markets 360 continues the established narrative, projecting ECB rate cuts to 2% by mid-2025. They're selling the "neutral rate" story - a theoretical construct that supposedly balances economic forces. Meanwhile, Murray Rothbard's observation becomes more relevant daily: "The Federal Reserve System is nothing more than a legalized counterfeiting operation that benefits politicians, bankers, and Wall Street at the expense of regular citizens."
The deeper story? Mainstream media outlets systematically promote three illusions:
1. That central planners can scientifically determine the "correct" price of money
2. That currency debasement isn't a form of taxation
3. That monetary complexity equals monetary competence
While financial media complexifies the discussion with technical jargon, the fundamental mechanism remains simple:
- Systematic currency devaluation as an invisible tax
- Debt monetization disguised as monetary policy
- Artificial interest rates distorting capital allocation
- Wealth transfer from savers to debt-heavy governments
Corporate media's role? Transform central bank decisions from what they are - arbitrary interventions serving state interests - into apparent scientific certainties (a scheme we know too well). The result: a sophisticated propaganda system making monetary theft appear as economic expertise.
#ecb #euro #mises #monetarytheater #centralbanking #inflation #austrianeconomics #truthinmedia #bitcoin https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/176366b7f77b7680a3cfc74fec1c22e787427bf3394142556800f3695f0e8205.webp
UK Pension Giant Makes Historic 3% Bitcoin Historict
British pension Cartwright has boldly stepped into the Bitcoin space, committing 3% of its multi-billion dollar portfolio to Bitcoin. This allocation marks a watershed moment for institutional BTC adoption, eclipsing previous pension fund moves by a significant margin. For perspective, it's 30 times larger than Wisconsin's pension fund Bitcoin position, setting a new benchmark for sovereign fund BTC exposure globally.
https://corporate-adviser.com/cartwright-calls-on-uk-institutional-investors-to-back-bitcoin/
#Bitcoin #InstitutionalAdoption #PensionFunds #UK #Finance #BTC
EV Trade War Heats Up: China Challenges EU's 35% Tariff at WTO
Welcome to the ring of the regulation and subsidy giants!
China has officially lodged a complaint with the World Trade Organization challenging the EU's recent 35.3% tariff on Chinese electric vehicles. This marks a significant escalation in the growing trade tensions between two of the world's largest economic powers. The EU's protectionist measure, aimed at defending domestic EV manufacturers, has prompted Beijing to launch retaliatory investigations into European spirits, dairy products, and pork imports.
But the fact that China, of all countries, is appealing to the arbitration tribunal because of unfair competition conditions is indeed a joke in itself. Communists are always good for a joke!
#EVmarket #TradeWar #WTO #China #EU #TradeTensions #ElectricVehicles
Eurozone Manufacturing Slump Hits 19-Month Low: Recovery Still Out of Sight
The manufacturing pulse in the Eurozone remains weak as October marks the 19th consecutive month of decline. While the PMI nudged up to 46.0 from September's 45.0, it's still far from the 50-point growth threshold. Orders continue to drop, pushing companies to trim their workforce, though at a slightly slower pace. Business outlook has hit a 12-month low, raising red flags for 2024. How about more regulation, taxes and climate nonsense? That should work out fine...
#eurozone #manufacturing #recession #economicdownturn #PMIdata
Most Gulf markets fall as OPEC+ delays oil output hike https://www.reuters.com/world/middle-east/most-gulf-markets-fall-opec-delays-oil-output-hike-2024-11-04/?taid=67288994a71a020001d87403&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
Seems like the global economy really is on fire... 🤣 #oil
GM,
Next time, pay attention: when a representative of the political caste babbles about market failure, this is usually followed by a torrent of contextless nonsense that serves only one purpose, namely to justify further transfer of power.
Defend the principles of the free market to the hilt! It is the vehicle that allows us to form ourselves into sovereign, autonomous and uncoerced subjects in the social process and to follow our individual wills. The growing, proliferating state is the degeneration, the evolution of human civilization.
#freedom #mises #socialism #communism #bitcoin #libertarian