The German politically induced economic crash is now materializing in other parts of the eurozone. Today, Italy and Spain are reporting negative year-on-year figures of its industrial production for July for the first time, at -3.3% and -0.4% respectively. This trend will now continue to accelerate and exacerbate the very problems that Mario Draghi addressed yesterday and that he would like to answer by spending around EUR 800 billion new gov debt per year. This, of course, will be done with the ECB money printer as nobody with a functioning braincell would buy this garbage out of the hands of the green european central planners.

Europe has a competition and productivity problem, a problem with its overregulation, the massive invasion of illegal immigrants and a bloated public sector that will no longer be financially viable in view of demographics and shrinking economies.

Indirectly, they admitted in Brussels yesterday that their beloved Green New Deal, this plan to generate artificial gross domestic product at taxpayers' expense through inflation, has failed mercilessly, like everything central planners get their hands on.

We are witnessing a psychopolitical phenomena that we find everywhere in the West: at the end of the era of the ever-growing welfare state, economies are left out in the cold without any significant impetus for productivity growth. The state is absorbing ever larger parts of the gross domestic product and is thus destroying the productive forces that have kept it afloat, a snake that devours itself and has not yet noticed that the wind is blowing from a different direction than it did in the 1980s.

For the green socialists in Germany, who are in the nucleus of this storm that they themselves have caused, there may still be the silence of the green subsidy bubble that keeps their unproductive garbage that nobody would buy on a free market alive. But this is the calm before the storm and the parasitic subsidy entrepreneurs, a true apron organization of the green socialist state, will soon also be hit by the budget shortage that'll be the inevitable consequence of the failing infantile green circus german 'elites' call their economy.