(End of the American Dream)—An obsession with green energy has the German economy on the brink of collapse. Germany has foolishly been chasing a dream of achieving net greenhouse gas neutrality by 2045, and this has taken a very heavy toll on the German economy. German GDP contracted in 2023, and it appears that it will contract again in 2024.
The manufacturing sector is dealing with the greatest crisis that it has faced since the 1940s, the big banks are struggling, and the coalition that was running the government has collapsed. Did David Wilkerson see what was going to happen all the way back in the 1970s?
Something that Steve Quayle posted the other day got me thinking, and so I decided to look into it. In Wilkerson’s book entitled “The Vision”, he stated that he was shown “economic confusion striking Europe first” during a period of great economic turmoil for the whole world. In a subsequent sermon, he was even more specific. In fact, in that sermon he specifically stated that the collapse that he saw would “start in Germany”…
To give some background, first, in his book, “The Vision,” at the beginning of chapter 1, Wilkerson states, “I see total economic confusion striking Europe first, and then affecting Japan, the United States, Canada, and all other nations shortly thereafter.”
So, the economic collapse begins in Europe. There is a slightly different version of this which is circulating on various sites on the internet, usually titled “David Wilkerson’s Economic Vision.” This is the one you quoted, where he narrates how the collapse starts in Europe, spreads to South America, then Mexico, then the U.S. Notice he again mentions Europe first, and then later, “the first country (that) goes bankrupt,” but doesn’t identify the country. Well, I did some more digging and found this audio sermon by Wilkerson:
AT EXACTLY 2:03 (see audio below) HE STATES: “It’s going to start in GERMANY!!!” After that he says it will “spread to Japan, and finally to the U.S.”
You can actually listen to David Wilkerson say these things with your own ears in this YouTube video…
Could it be possible that what Wilkerson warned us about so many years ago is starting to happen right in front of our eyes?
For the past few years, Germany’s economic performance has been absolutely horrible…
The world’s third-largest economy has lagged the European Union average since 2021 and is expected to shrink for the second year running in 2024, making it the worst performer among the Group of Seven major economies.
According to an article that was posted on ABC News, there are several reasons why the German economy has been struggling so deeply…
German industry still has not fully recovered from the shocks of the COVID-19 pandemic. Then came Russia’s full-scale invasion of Ukraine in 2022, which led Germany and other Western countries to cut themselves off from Russian gas and oil. Competition from China, including its electric vehicles, has meanwhile forced German and other and European carmakers to lower production and lay off workers.
Of course that article did not even mention the radical green agenda that Germany has implemented, but many are convinced that it is the primary factor for the economic decline that we have been witnessing.
At one time, Volkswagen was an unstoppable economic powerhouse, but now it is talking about closing factories and laying off workers…
Nothing better encapsulates the negativity gripping Germany than what’s happening at Volkswagen, the biggest employer in Europe’s largest economy. The spillover effect of the crisis at Volkswagen, which is looking to shut down as many as three factories in Germany — the first ever shuttering of units in its 87-year history — is showing up in the fractures in Germany’s politics now widening to a chasm.
BASF is another German industrial giant that is facing major problems that would have been unthinkable just a few short years ago…
BASF, for instance, a flagship of Germany’s industrial sector since 1865, symbolizes the nation’s manufacturing strength. With nearly 400 production sites across 80 countries, its heart remains in Ludwigshafen, Germany, where it operates a vast complex with 200 plants and employs around 39,000 people. However, this hub has recently become a focal point for BASF’s challenges.
Over the past two years, the company has shut down one of its two ammonia units and idled several others at this location due to their lack of competitiveness, resulting in the loss of 2,500 jobs, explains Chemical and Engineering News. BASF also experienced a significant decline in 2023, with sales dropping by 21.1% and adjusted earnings plunging by 60.1%. Adding to these woes, BASF recently announced plans to cut costs by an additional $1.1 billion in Ludwigshafen, foreshadowing further job cuts.
In my entire lifetime, we have never seen anything like this happen to Germany.
The politicians are desperate to turn things around, and a conflict about how to do that has resulted in the collapse of Germany’s ruling coalition…
Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister.
Christian Lindner’s dismissal prompted him to withdraw his Free Democrats Party (FDP) from a coalition with Scholz’s Social Democratic Party (SPD), leaving Scholz in a minority government with the Green Party.
Scholz said he would now call a confidence vote for January 15, which, if he lost, could allow elections to be held by the end of March next year – six months earlier than the elections planned for September 2025.
We shall see whether there is an election in March or not.
But meanwhile, there is fear that the collapse of the government will “deal another blow to consumption and investment in coming months”…
The coalition collapse is likely to deal another blow to consumption and investment in coming months, already poised to decline, with a third of German companies indicating in a recent survey plans to scale it back.
“In combination with the Trump win, economic confidence is likely to drop significantly and makes a contraction of the economy in the fourth quarter more likely,” said Carsten Brzeski, global head of macroeconomics at ING.
I do believe that governmental instability will accelerate the economic problems that the Germans have been experiencing.
And as more German businesses fail, I would watch the big banks very carefully. They have been on shaky ground for years, and it won’t take much to start pushing them over the edge.
Germany possesses the largest and most important economy in the entire European Union, and so once the German economy implodes the rest of the EU will feel an immense amount of pain too.
Wilkerson warned that the crisis would spread from Europe to Japan and then to the United States. And as I have warned for many years, it won’t be too long before the entire world is gripped by unprecedented economic turmoil.
Don’t wait for a stock market crash, dedollarization, or CBDCs before securing your retirement with physical precious metals. Genesis Gold Group can help.
So let’s keep a close eye on Germany.
I think that something is up.
Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
