Ich würde der dummen Nuss auch nicht die Hand geben🤣🤣🤣
China's Economic Stimulus Takes Bizarre Turn: Subsidizing Gadgets to Boost Consumer Spending
China has announced an expansion of its consumer product subsidy program to include smartphones, tablets, and smartwatches. This move aims to invigorate consumption within the world's second-largest economy, which has been grappling with sluggish consumer demand.
The National Development and Reform Commission (NDRC), China's top economic planning body, revealed that the existing government initiative—originally designed to encourage consumers to upgrade vehicles and household appliances—will now extend to include electronics and security devices. Specifics of this initiative are expected to be released imminently.
This policy twist underscores a peculiar reliance on Keynesian economics and central planning, often leading to what critics describe as bizarre economic experiments. By incentivizing the purchase of tech gadgets, China hopes to jump-start consumer spending, while this bizarr move will lead to further market distortions.
#ChinaEconomy #TechSubsidies #ConsumerSpending #EconomicPolicy #Keynesianism #bitcoin #nostr
German savers are on a record hunt: they have just reached a fresh all-time high with 2.81 billion euros in bank deposits. The fact that European banks in particular may be poorly capitalized does not matter to these people. The next wave of inflation will hit them like a bolt from the blue. #germany #inflation #bitcoin #fiat https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/d201dd4cf70a692bf4065f0956aadfb00476d50ba087cd82a6079659b8ee18bc.webp
Interesting chart on current growth from 'Augur Infinity': Argentina has achieved a gigantic turnaround in growth thanks to radical market economy reforms, while regulation world champion Germany is in last place. This is how it has to be! #freedom #freemarketeconomy #bitcoin #milei #germany #nostr #economy https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/bda0d7620215ecedc4f6b89dbab26f0757fe467470e4e29b4638dd96539c696c.webp
Hyper-moralism and virtue signaling as political strategy comes at a price! Germany's unemployment figures have sharply risen, with an increase of 33,000 jobless individuals from November to December, bringing the total to 2.807 million. This marks a significant 170,000 increase year-over-year from December 2023. Despite government initiatives aimed at 'creating' 250,000 subsidized positions, the actual job loss for 2024 is projected at around 420,000.
#germany #labormarket #energycrisis #eu #wef #nostr
Evolutionary asynchronicity in homo sapiens is real. We look at the actual existence of Stone Age populations in the Amazon with as much disbelief as we look at the fact that there are people in the digital age who prefer a shiny golden stone over the best money mankind has ever invented. Nevertheless, it is highly likely that in the age of instant information, synchronization of ideas and innovation can happen faster than it did in the past. So let's prepare ourselves for disruptive quick steps, or rather leaps!
#bitcoin #gold #soundmoney #nostr #digitalage #grownostr #btc
“Allow yourself to think only those thoughts that match your principles and can bear the bright light of day. Day by day, your choices, your thoughts, your actions fashion the person you become. Your integrity determines your destiny.”
(Heraclitus)
#bitcoin #nostr #philosophy #nostrlearn https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/5fd8c6a8459f6fad21904663fa712423ec21f9c1f174f5833905a182e5f5d123.webp
Trump inauguration: will the dollar roll over again?
An ever stronger US dollar is becoming the wrecking ball of global debt. With the fastest interest rate hike cycle ever, the Federal Reserve has almost turned off the tap on the so-called euro-dollar market, i.e. the area of credit creation in dollar-denominated loans outside the US. Now it is up to these countries, which have dollar debt, to roll the mountain of debt into the future, which is very difficult in view of the eminent scarcity of dollars and the rising cost of credit.
As was the case 8 years ago, Donald Trump's incoming administration will in all likelihood seek to soften the dollar in order to launch its program of fiscal consolidation, so it is not unlikely that we will soon see the temporary fall of the dollar, which should then weaken somewhat and thus give the world time to breathe a sigh of relief.
What happens after that in the medium term: I personally expect a serious crisis in the eurozone and above all in the UK. Eur and the Pound are sinking ships.
#USA #usd #eur #gbp #debtcrisis #economy #bitcoin #nostr #grownostr https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/a72aa8782b5e799659c7c67a8ab8255987720692742046df00e5772eeaeaa46c.webp
“How can you hide from what never goes away?”
Heraclitus on Bitcoin after meditating on the deafening silence of the "street" during the bull market.
#bitcoin #nostr #grownostr #philosophy https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/f1b640d6b52e700d7ae95e043e30b6cd80d5d7cbb6b2ce7bfe18c3c2b28b69f2.webp
China's Central Bank Signals Major Monetary Policy Shift for 2025
The People's Bank of China (PBOC) is set to lower interest rates this year, marking a significant pivot towards a more conventional monetary policy framework akin to those of the US Federal Reserve and the European Central Bank. According to recent statements, the PBOC plans to reduce rates from the current 1.5% level "at an appropriate time" in 2025, emphasizing adjustments in interest rates over quantitative credit growth targets.
This policy recalibration comes as China anticipates deeper deflationary pressures in certain sectors, with interest rates expected to decline. The move aims to manage the country's colossal state debts and property financing more regionally, while massive fiscal stimuli are anticipated to rev up the economy. Despite these efforts, China faces the ongoing challenge of navigating its demographic downturn.
#China #Economy #MonetaryPolicy #PBOC #2025EconomicOutlook #InterestRates #Deflation #nostr
Good luck and a wonderful journey through this new chapter of Your life, Doc! 👍👍👍
👋or this one. Obviously a symbol of the 3rd reich
I am german... what else do You need to know?🤣🤣
So zerstört der infantile Regenbogenstalinismus ein wunderbares Land...
Thank You. After my econ studies I studied ancient history and philo in Germany. Has been my passion all my life.
The Germans are now paying for their native migration policy and the abandonment of their culture. What we are experiencing here, in this once economically so strong country, is nothing other than a progressive collapse of coexistence and the termination of the consensus of civil co existence.
#Germany #NewYearsEve #migration #eu #nostr #nostrnews
Wall Street's Mass Exodus from Climate Scam
In a striking departure from climate commitments, major Wall Street banks are abandoning the Net-Zero Banking Alliance. Morgan Stanley has just announced its exit, following closely behind Citigroup and Bank of America earlier this week. Goldman Sachs and Wells Fargo had already parted ways in December, signaling a clear shift away from ESG initiatives.
This mass retreat could be seen as nature's sigh of relief, as the political winds shift towards less regulation and more laissez-faire economics. Critics argue that this might be the first step in healing the economic landscape from the overreach of environmental mandates.
Moreover, the World Economic Forum in Davos appears to be losing its grip on shaping public narratives, hinting at a return to genuine free-market principles where economic decisions are driven by market forces rather than international accords.
#WallStreet #ClimateScam #NetZero #FreeMarkets #EconomicShift #Davos #bitcoin #nostr