Germany trapped in long term economic decline

Summary

The video script discusses the deteriorating state of the German economy, which is seen as a reflection of the broader European Union's economic woes. Germany, traditionally the EU's economic powerhouse, is now facing a downturn with rising inflation and energy costs post-Ukraine crisis. The script suggests that the EU's policies, particularly its stance against Russia, are exacerbating the situation, leading to a potential long-term decline. The discussion also touches on the EU's centralization of power and its impact on member states, hinting at a disconnect between the EU's political class and the economic realities faced by its citizens.

Takeaways

• 🚀 Germany is considered the economic engine of the European Union, and its economic downturn is affecting the entire region.
• 📉 The German economy is currently experiencing a rapid decline, which is causing concern for the country's leadership and the EU.
• 💶 Inflation in Germany has surged following the events in Ukraine and the cessation of Russian gas, impacting the economy and public sentiment.
• 🌐 There is a noted loss of confidence among the German people, historically known for their belief in the strength of their economy.
• 📊 Recent financial articles suggest that Germany is regaining competitiveness, but PMI data and economic indicators show a different picture with industrial production collapsing.
• ⛽ The halt of cheap energy from Russia has led to rising energy prices and inflation in Germany, contributing to its economic struggles.
• 📉 Germany's economy is falling back into recession, marking a narrative of economic failure for the current government.
• 🗳️ The political landscape in Germany suggests a lack of willingness to change economic policies, indicating a potential long-term decline.
• 🏛️ The EU's centralization of power has led to weaker member states and a stronger bureaucratic center, impacting economic growth negatively.
• 🔄 The EU's policies, particularly those aligned with the US, are contributing to the severance of economic ties with Russia, further weakening the EU's economic prospects.
• 🏭 The disconnection from cheap Russian resources is not only affecting Germany's economy but is also exposing systemic issues that have been concealed by previous economic stability.

Q & A

Why is the German economy considered the 'engine' of the European Union?

The German economy is often referred to as the 'engine' of the European Union due to its significant contribution to the EU's overall economic performance. As the largest economy in the EU, its stability and growth have a substantial impact on the economic health of the entire bloc.

What is the current state of the German economy according to the transcript?

The transcript suggests that the German economy is currently facing a downturn, with rapid decline and challenges such as inflation and reduced industrial production, which are not good signs for the country or the European Union.

How has the situation in Ukraine affected the German economy?

The situation in Ukraine has led to an enormous inflation in Germany, particularly after the stopping of Russian gas supplies. This has contributed to an economic decline and a loss of confidence among the German people.

What is the role of the 'Greens' in the German government's energy policy?

The 'Greens', as a coalition partner in the German government, have significant influence over energy policy. They have been involved in decisions such as the closure of nuclear power stations, which has contributed to rising energy prices and inflation.

What does the PMI data indicate about Germany's industrial production?

The PMI (Purchasing Managers' Index) data indicates a collapse in industrial production, with figures in the 40s, suggesting a significant downturn in the manufacturing sector.

How has the economic policy of the Schultz government been described in the transcript?

The economic policy of the Schultz government is described as a story of economic failure and decline, with the government's actions leading to de-industrialization and recession in Germany.

What impact is the EU's energy policy having on Germany and other member states?

The EU's energy policy, influenced by Germany, is leading to a decline in economic health, with member states like Hungary and Slovakia being effectively sanctioned by the EU due to blocked oil transits from Russia.

What is the potential long-term consequence of the EU's current policies for Germany and the EU as a whole?

The long-term consequence of the EU's current policies could be a continued decline for Germany and the EU, with the potential for economic stagnation and a loss of competitiveness due to high energy costs and reduced industrial output.

What does the transcript suggest about the future of the German economy without cheap Russian gas and oil?

The transcript suggests that without cheap Russian gas and oil, the German economy is at risk of long-term decline, as these resources were not only essential for economic competitiveness but also concealed many systemic problems within the German economy.

How does the transcript describe the relationship between the EU, Germany, and the United States?

The transcript describes a chain of command where the EU consults with Germany on decisions, but Germany also receives directives from the United States. It suggests that the EU's policies are aligned with those of the US, potentially to the detriment of Germany's economic interests.

What is the role of the European Commission in the EU's current economic situation?

The European Commission, as the administrative branch of the EU, is portrayed as a centralizing force that is gaining power at the expense of the member states' economic health. Its policies, particularly those related to energy and confrontation with Russia, are contributing to the weakening of the EU's economy.

Outlines

00:00

📉 Economic Downturn in Germany and the EU

The first paragraph discusses the current economic decline in Germany, which is considered the economic engine of the European Union. The downturn is attributed to inflation following the events in Ukraine and the cessation of Russian gas supplies. The script notes a decrease in confidence among Germans and a divergence from the country's historical economic strength. Despite some media suggesting an improvement in Germany's competitiveness, PMI data and economic figures indicate a collapse in industrial production and a resurgence of inflation. The government's green policies, including the closure of nuclear power stations, are highlighted as contributing factors to the energy crisis and recession.

05:00

🇪🇺 The Impact of German Economic Policies on the EU

The second paragraph delves into the implications of Germany's economic situation for the rest of the European Union. It suggests that the core Eurozone countries, led by Germany, are underperforming economically with no signs of improvement. The speaker criticizes the suggestion to use deficit financing as a solution, pointing out the long-term risks associated with such policies. The paragraph also touches on the EU's actions against Hungary and Slovakia, accusing the EU of blocking oil transit as part of a broader policy against trade with Russia, which is exacerbating Germany's economic problems.

10:02

🔄 Germany's Economic Challenges and Political Stagnation

The third paragraph examines Germany's systemic economic issues, which have been exposed due to the loss of cheap Russian gas. The speaker argues that instead of using the economic stability provided by cheap energy to implement reforms, Germany's leadership was complacent, leading to a buildup of problems. The current political situation is also discussed, with the expectation that the CDU, under the leadership of Fredrick Matz, will return to power without changing the existing policies, suggesting a continuation of Germany's economic decline.

15:03

🏛️ The EU's Centralization and Its Effects on Member States

The fourth paragraph discusses the centralization of power within the European Union and its negative impact on member states. The speaker notes a decline in economic growth in Europe since the establishment of the Euro and the strengthening of the EU center, which has led to weaker member states. The lack of self-correction mechanisms due to the absence of individual currencies is highlighted, along with the EU's failure to honor exemptions for Hungary and Slovakia, which has resulted in further economic strain on these countries.

20:04

🛑 The EU's Confrontational Policies and Their Consequences

The fifth paragraph explores the EU's policies of confrontation with Russia and the resulting effects on the economic strength of Germany and the EU. The speaker suggests that the EU and the United States have a common interest in weakening Germany's economic ties with Russia, even at the expense of Germany's future prosperity. The increasing power of the EU center and its detachment from the well-being of the member states and their citizens is criticized, with the EU officials being portrayed as more interested in maintaining their power than in the welfare of the people.

25:05

🌐 The Disconnection Between the EU and European Identity

The final paragraph addresses the disconnection between the European Union and the broader identity of Europe. The speaker criticizes the EU for conflating itself with the idea of Europe, leading to a situation where citizens are willing to sacrifice their personal wealth for the sake of being part of the EU. The paragraph concludes by highlighting the propaganda that has led to this mindset and the EU's role as a 'parasite' harming the host continent.

Keywords

💡German economy

The German economy is the largest national economy in Europe and is often considered the economic engine of the European Union. In the video, it is discussed as being in decline, which has significant implications for the entire EU. The script mentions the German economy's rapid downturn and its connection to the overall health of the European economy.

💡European Union (EU)

The European Union is a political and economic union of 27 member states located primarily in Europe. The video emphasizes Germany's role as the economic powerhouse of the EU and how its economic performance directly impacts the EU's stability and growth. The script also discusses the EU's policies and their effects on member states.

💡Inflation

Inflation refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The script mentions 'enormous inflation' in Germany following the events in Ukraine and the cessation of Russian gas, which has contributed to the country's economic challenges.

💡Economic decline

Economic decline refers to a decrease in economic activity over time, often characterized by a decline in GDP, rising unemployment, and falling incomes. The video describes Germany's current situation as an 'economic decline,' highlighting the negative impact on consumer confidence and the broader implications for the EU.

💡PMI data

PMI, or Purchasing Managers' Index, is an indicator of the economic health of the manufacturing sector. The script refers to PMI data showing a collapse in the German industry, with figures in the 40s indicating contraction and contributing to the narrative of economic downturn.

💡Energy prices

Energy prices refer to the cost of energy resources such as oil, gas, and electricity. The video discusses how the halt in the supply of cheap energy from Russia has led to rising energy prices in Germany, which in turn fuels inflation and economic hardship.

💡Deficit financing

Deficit financing is the act of borrowing money to finance government spending when tax revenues are insufficient. The script suggests that Germany should consider deficit financing to reflate its economy, comparing it to the practices of other countries like the US, Britain, France, and Italy.

💡De-industrialization

De-industrialization is the process of decline in the importance of manufacturing within an economy. The video mentions Victor Orban's criticism of the German government's policies leading to 'de-industrialization' and economic decline, suggesting a negative long-term trend for Germany's industrial sector.

💡Eurozone

The Eurozone refers to the group of EU countries that have adopted the euro as their currency. The script discusses the overall growth figures of the Eurozone, highlighting the disparity between the Mediterranean countries' growth and the stagnation of the core, particularly Germany and its surrounding countries.

💡Systemic problems

Systemic problems are deep-rooted issues that affect an entire system or organization. The video suggests that Germany's economy has many systemic problems that have been exposed and are not being addressed by the political class, contributing to the ongoing economic challenges.

💡Propaganda

Propaganda is information, especially of a biased or misleading nature, used to promote or publicize a particular political cause or point of view. The script refers to the influence of EU propaganda on everyday citizens, who may accept the EU's actions without question, as long as they identify as European.

Highlights

Germany is considered the economic engine of the European Union, with its economic health directly impacting the EU.

The German economy is currently facing a downturn, with rapid decline raising concerns for the country and the EU.

Inflation in Germany has surged following the events in Ukraine and the cessation of Russian gas supplies.

German citizens are experiencing a decline in economic confidence, historically high in the country.

Recent articles suggest Germany is regaining competitiveness, but PMI data and economic figures indicate otherwise.

Industrial production in Germany is collapsing, with inflation rates rising again.

The German government's green coalition partner, the Greens, influence energy policy, including the closure of nuclear power stations.

Energy prices and costs are rising in Germany, contributing to increased inflation and a potential recession.

The narrative of the Schultz government has been one of economic failure and decline since its inception.

The Eurozone's growth is dismal, with any growth primarily from Mediterranean countries like Spain.

The core of the Eurozone, including Germany, continues to struggle economically with no signs of improvement.

Suggestion from outside Germany includes abolishing deficit financing restrictions to reflate the economy.

Germany's切断 Russian gas and oil has exposed systemic problems in its economy that have been concealed by cheap energy.

Germany's mid-sized family-run businesses, traditionally the backbone of the economy, are facing closures and bankruptcies.

The EU's decision-making process involves consultation with Germany, particularly on issues related to energy and Russia.

The EU's actions, influenced by Germany, are leading to a decline in the economic health of member states, including Hungary and Slovakia.

The EU's increasing central power is inversely proportional to the weakening of its member states' economies.

The EU's confrontational policies towards Russia are strengthening its central authority at the expense of national interests.

The disconnection from Russia's energy resources is a strategic move by the EU and the US to weaken Germany's economic strength.

The EU's central bureaucracy and Washington share a common interest in diminishing Germany's reliance on Russian energy.

The European Commission's power is growing while the economic strength of its member states is diminishing.

The EU's centralization of power is leading to a loss of national sovereignty and economic decline of its member states.

The EU's actions are driven by a desire to maintain power rather than the economic well-being of its citizens.

Transcripts

all right Alexander let's talk about the

German economy and if we are going to

talk about the German economy we have to

talk about the general economic

situation in the European Union because

Germany is the economic engine of the

European Union as Germany uh goes so

does the European Union and right now

the German economy is going down it is

it is going down very quickly and that's

not good news news for Germany not good

news for Ola Schultz and not good news

for the European Union what is going on

in Germany that is exactly what's

happening now of course bar mind I was

in Germany a few weeks ago and you know

it was noticeable that people were uh

feeling the economic Mala um it was

something that people were bringing up

they were bringing up the fact that

there' been this enormous inflation um

directly after the events in Ukraine and

you know the

uh stopping of the Russian gas people

were not making the connection by the

way with the stopping of the Russian gas

and they weren't yet doing so but um

they were experiencing um economic

decline the economic decline of Germany

and it was striking how um confidence

seems to be ebing even amongst the

German people um which has always

historically by the way been very high I

mean the Germans have always je people

in Germany have always tended to think

that you know their economy is doing

really well Germany knows how to do

things that there uh uh you know others

should copy what Germany does because

the Germans do it well and better than

others you you got a lot less of that

this time but anyway suffice to say over

the last couple of weeks I noticed a

whole crop of Articles starting to

appear in the financial times in various

other journals telling us actually you

know that Germany is you know it's not

really doing so badly it's regaining its

competitiveness it's competitiveness

level is back to what it was in

2018 um that um um things are starting

to look up and then of course the PMI

data and the economic figures um came

out and they show P

Andi collapsing I mean it's in the 40s

for industry industrial production

continuing to fall inflation

interestingly Rising again and it's not

actually so surprising because

um the steady stable supply of cheap

energy from Russia has stopped um the

government still has um a

green um coalition

uh partner the greens are still in the

government they still have ideas about

how energy should be uh managed in um

Germany you know they've closed down all

the nuclear power stations for example

so um Energy prices are rising in

Germany energy costs are rising

inflation is rising and it turns out

that Germany's again falling back into

recession so the entire story of the

Schultz government from the very first

day of its creation has been of econ

economic failure and of economic Decline

and um there's been by the way an

absolutely excoriating article uh not

article sorry speech about

Schultz um by none other than Victor

Orban who has been talking about how you

know

um the chancellor of Germany who as he

was careful to say he's not a fool um

invariably ends up doing

those things which the US tells him to

do and the result is a disaster for

Germany a steady accelerating process of

de-industrialization and economic

decline in Germany and of course this is

now translating into the overall

problems of the Euro zone so again there

was a lot huge attempt to try to talk up

the overall figures for the Euro Zone I

think it managed was it

0.8% growth in the first uh half of this

year I mean dismal growth by any measure

but the reality is to the extent that

there's been any growth it has come from

the

Mediterranean countries especially Spain

for some reason that the you know the

growth figures have been a bit better

there I don't by the way believe that

there's any

long-term reality to this either um the

Eurozone core which is Germany and the

countries around it the you know the

indust the German block if you like is

doing badly it continues to Sag um and

there's no there's no

Prospect of this changing and no real

way I think that it can change um

suffice to say that the

major suggestion made by people outside

Germany is that Germany abolish its uh

break on deficit financing starts to do

what the US Britain France Italy all the

other countries do which is borrow and

use all that borrowing to reflate its

economy in that kind of way the

experience has been if you do that it

works for a while you know it gives you

may give you five or 10 years of growth

But ultimately it catches up with you in

the end and we see that growth in the

very heavily indebted countries uh now

is not very good and productivity growth

in those countries is very poor though

it must be said productivity growth in

Germany also at the moment is going

backwards so I don't really see a

long-term way out of this

so what

uh what does Germany do what do the you

do I mean they they've cut off they've

cut off their only way out of this which

is cheap Russian uh gas cheap Russian

oil and actually the EU is even going

harder uh on on Hungary and Slovakia

they're not even allowing Slovakia now

to to Transit oil bya Ukraine then and

you know Ukraine blocked the oil Transit

but everyone now knows that it was

actually the EU

that is behind this blocking of of the

oil to Hungary and Slovakia so I mean

they're going in the exact opposite

direction instead of trying to to at

least open up some some uh some channels

of of diplomacy and discussion and

business with Russia in order to try and

prevent further de-industrialization and

recession they're they're going harder

against uh against the trade with Russia

so

what there's no way out of this but yeah

the the the oil Transit story to Hungary

and Slovakia is directly connected to

what we've just been talking about and

the problems in Germany because of

course you're absolutely correct the

Hungarian foreign Ministry has said that

the decision to stop the oil flows from

Russia via Ukraine to Hungary and

Slovakia was not made in Kiev it was

made in Brussels obviously I mean I mean

the hungarians have actually said that

and notice that no one is denying I mean

the the EU themselves are not denying it

and of course the people who make the

decisions in Brussels never make them

without first Consulting with Berlin so

Berlin is continuing these policies of

cutting

off uh Russian oil and gas when he can

to Europe um even if it does so at the

price

of in effect sanctioning other EU

countries because in effect what's just

happened is that Hungary and Slovakia

have just been sanctioned by the EU the

EU has sanctioned two of its own member

states because this is what this amounts

to but um what the EU Center which of

course includes Berlin in fact Berlin is

at its core is persisting in doing

is that it's cutting Germany which is

it's ultimately Germany that we're

talking about if oil doesn't flow into

Hungary and oil doesn't flow into

Slovakia then realistically it can't go

to Germany either it's cutting off

Germany from its economic hland which

ultimately was Russia so

um in

inevitably so long as this policy is

persisted in

um Germany and the EU will continue to

go into decline now there doesn't seem

to be any ability or understanding or

willingness in Berlin to change this

policy um I get the sense that the

entire political class is United around

it the opponents of this policy are

located either on the left within Sagen

X group or on the right within the

but of the best possible electoral

arithmetic neither of these parties

either separately or in combination

could ever form a majority in the German

Parliament the most likely new governing

party in Germany after the elections

which are due to take place next year is

the CDU the CDU will return to power led

by Fredick matz and they're not going to

change the policy in any way I mean I

see no sign of any willingness on that

part to change the policy at all so

Germany is now trapped in long-term

decline it's a long-term decline from a

very very high level but it's going to

accelerate because what's also become

clear and it's something that we have

been talking about many many times in

many many programs that we've been doing

on the

Duran cheap Russian gas was not only

essential in keeping the German economy

functioning and competitive but that it

also concealed many of the problems that

have been accumulating in Germany over a

very very long time instead of the

German leadership

using the fact that they had cheap

energy to you know to provide them space

political space to carry out major

reconstruction and reforms within

Germany to address the many problems

that existed in

Germany they were content to let things

continue as they were and the result is

that Germany today is exposed as having

many systemic problems in its economy

which is political class show no no

understanding of or willingness to fix

um you're getting more and more reports

by by the way and you know um again

people are I know people who are in the

midhill St these um you know family run

businesses that have been the core of

the German economy more and more of them

apparently are closing down or going

bankrupt again a shattering thing to

happen in a place like Germany the

pressures are intensifying all the

time yeah but uh that that's been the

plan all along I mean

Germany okay so the EU consults with

Germany when they make their decisions

with regards to to now cutting off

Hungary and Slovakia from uh from cheap

reliable Russian oil that they got an

exemption for to begin with the EU

promised an exemption gave them an

exemption so I mean the EU is going back

on its word going back on its deal what

a surprise surprise there exactly Sid

yeah siding with a country that's not in

the EU against two member states what is

priz there as well but um Germany has to

consult with the United States so I mean

I mean that's that's the that's the

chain of command right so the EU is

going to consult with Germany before

making any decisions with Hungary and

Slovakia but Germany is also going to

get the orders from the United States I

mean this is deliberate uh the the plan

all along was was uh to to take apart

Germany or at least to definitely sever

Germany's uh connection to Russia and

Germany's economic uh prosperity

that's that's done that's over with now

I imagine Germany's just going to be a

an economy that's driven by weapons

production I think that's going to

probably be the main driver of the

economy going forward I don't know and

other services that that they're going

to be uh be doing the rest of the

European Union

tourism I me tourism stuff like that I I

can't think of anything else there's

chip chip manufacturing some production

in Italy Malone's trying to do something

with China but I I imagine that

eventually she's going to get uh she's

going to get blocked by the United

States as well I don't think that her

trip to China is going to to make any

difference the US will tell her to to

knock it off and she will because she'll

do whatever whatever her Masters tell

her to do uh keep Germany down I mean

this has been the NATO motto keep Russia

out keep Germany down and effectively uh

the United States takes over the

globalists in the United States they're

they're going to be running Europe I

don't think this is good for the United

States to be honest because you know you

don't want to have to take care of a

broken bankrupt uh Europe or fund a

broken bankrupt Europe but that's what

the American people are effectively

getting a broken bankrupt Europe that

they're going to be taken care of and uh

I imagine the European Union they're

thinking the the weaker the member

states are the better for us we can

concentrate more power to the center so

I guess that's the that's uh the eu's uh

thinking on all of this when when

they're looking at Germany and France

and the core members disintegrating well

well this is exactly I there's a lot of

points here let's start with the last

one about the EU Center the EU Center um

ever since the EU Center started to

become particularly strong ever since

the Euro for example was established but

even going a little before then what

you've seen is a steady decline in

economic growth in Europe I mean it's

often difficult to remember but you know

Italy despite its many problems and its

historically High inflation nonetheless

had very very high growth rates in the '

50s 60s even the 70s in briefly in the

80s it surpassed Britain in GDP I mean

the the so-called surpass so which has

made a huge you know impact as I

remember at the time and then of course

what happened is the Euro was a Lish the

EU Center got stronger the member states

got weaker and as the member states got

weaker so did the economies and of

course the fact that these countries

don't have their own currencies means

that there is no um Market mechanism for

self-correction so you know Italy runs

lots of debts it has uh problems with

budget and other deficits normally if it

was running its own currency that would

make the Italian l decline that would

boost um competitiveness for Italy that

would benefit Italian industry and Italy

is an important export economy and

things would ultimately WR themselves

that was how it used to work it can't do

that anymore and of course the longer

that this process continues the greater

the structural problems I mean if you

ended the Euro now um and it

reintroduced

currencies there would be a period I

don't think a very long period but there

would be a significant period a year or

so of profound economic chaos and great

uh um and and and extreme recessions

before things began to readjust

themselves so the EU Center has become

stronger and

stronger even and because the member

states have been becoming weaker and

weaker and of course the weaker the

member states become the more the

stronger the EU Center becomes relative

to them and you can see how it is

behaving now I mean you know as you

correctly said it gave the um Hungary

and Slovakia the exemption um the

exemption was never worth the paper it

was written on I think

Orban frankly was wrong to agree to you

know all the those sanctions because he

should have known that if he did agree

to those sanctions um in return for

these exemptions the fact is that the

exemption would not be honored and

that's exactly what we've seen we've

seen how the European Union simply goes

around it exemption by getting the

ukrainians to block the oil flows and um

this is this is the pattern and of

course Germany

itself which for a certain period of

time

appeared to be the beneficiary of this

because it was the core State um and you

know at the very center and you know the

other parts of Europe with the periphery

it's now also experiencing the same

problems as all the other EU states are

it's also finding that the growing power

of the center the center's ability to

impose policies on the member states

like confront

with Russia and all the rest are

starting to impact directly upon its

economic interests but it's the center

now is so strong that it's very very

difficult even for Germany even if it

had the will to do so to break away and

psychologically for Germany to do that

is even more difficult still and of

course the center as you absolutely

rightly say is Keen on um aligning

itself with the United States but there

is something else to understand about

the policies of the EU Center and here

we have if you like a commonality of

interest between the Brussels

bureaucracy and Washington because

you're absolutely correct uh in what you

said it is not in the interest of the

United States to have a b a broken

bankrupt Eur Europe I mean a weak

Europe

objectively is overall is a drag on

American power this is something that

American uh leaders in the 1940s and

1950s understood very very well which is

why they worked very very hard after the

second world war to reconstruct Europe

you know martial Aid and all of that now

of course they're doing the reverse

and the reason they're doing that rever

the reverse is

because both

Brussels and

Washington at some point came to

understand that German prosperity and

German

strength were only really possible as a

result of this connection with Russia

and Russia being the iversary Moscow

being the one C major capital on the

western

Eurasian land mass that is no longer you

know subject to the control either of

the EU Center or of Washington that was

absolute anatoma so sever that link

break it

completely um even at the price of

sacrificing Germany's economic

future and um because if you don't do

that then the power of the center over

Germany and the other EU States cannot

be as strong as it has basically now

become the EU center today is stronger

than it has ever been at any point since

the European Community the European

economic Community was founded by the

Treaty of Rome in 1960 it has been

getting stronger and stronger all the

time and the policies it is pursuing of

confrontation with Russia are making it

stronger still of course

stronger the center is stronger

Europe the continent the people who live

there the nation states they're getting

weaker what does that benefit

the EU then I mean that's that's the

that's the ultimate problem with the

European Union the member states are

much weaker yeah much worse off and that

five years ago there's no comparison you

you go to Europe you walk around the

streets of what which I know Greece

Cyprus I mean five years ago much better

than than today it's obvious it's

glaringly obvious but what is what do

Europe the European Union gain by all of

this I mean eventually

it's a table that's losing its legs yes

it is a table that's losing it leg get

stronger yeah gets stronger but it's

going to collapse but but but what good

are you with weak with weak member

states yes if you are if you're the

European commission if you work in the

European commission then you have the

enormous psychological

satisfaction of being at the center of

power over the whole of the European

Union which is not to be discounted

the exercise of power is tremendously

tempting the ability to make and break

Nations to make and break governments to

impose policies on them

um governments especially entities when

they're like the entities of the

European Union are I mean they don't

give up power easily and um their

Instinct anyway always is to acquire

more and more of it so if you're talking

talking about you know if you're

thinking about things in terms of power

then of course for the people who work

in Brussels this is this is a this is

good the fact that people in Germany and

Italy and France and Greece and Spain

are poorer than they were well this

isn't something

that worries them so much that's the

first thing the other is and this is an

important thing to always remember is

that these people who make these

decisions are not individually affected

by them materially they're doing very

well they paid enormous salaries they

have enormous benefits they can look

forward to further promotion within the

system which has infinite ability to

provide patronage and promotion they

don't think of themselves they don't see

themselves as As Leaders of a declining

Empire they are on the contrary um you

know um cocooned away in this Buble

where they feel themselves getting

stronger and wealthier and where they're

all you know um spending their time

telling each other how clever and great

they are and from that point of view you

know they're doing very

well and of course they go to Washington

where they're taking very very seriously

Ursula V the liion meets all the great

people in Washington all of that and

they could still because the European

Europe is still you

know important part of the world they're

still able to travel around the world

imagining to themselves that the

European Union is taken seriously in

places like um you know

um um quala lumur or Singapore or uh

Brazil or wherever and you know they

come in you know with large you know

trains Entourage and all of the all of

the rest and you know they still have

the sense that you know they're walking

on clouds and uh you know acting like

Gods so from their point of view this

isn't

bad until the people get get more well

well until the until the whole thing

yeah I think they realize one thing the

European Union the center realiz is one

thing that uh that they have a long way

to go before the people actually really

get upset I think we're way way far far

off from from that well indeed they know

it they know it exactly and they can do

it and they can play this game and they

will and they will do it and of course

you know there are also some people who

are very fanatical and very fervid

people from the Baltic states for

example who um obsessed with one

particular issue mono mono issue in

effect which is to conflict with Russia

that's the only thing that they're

concerned about and for from them from

their point of view the EU serves its

purpose if it fulfills it so that that

means that the EU has its loyal spear

leaders there notice how many you EU

officials now uh um come from the Baltic

states disproportionate number given

given the small populations of these

places

it's not only the Baltic states just to

finish off the video there are a lot of

people uh everyday citizens that are

very

propagandized uh by the European Union

you know for many people all they know

is is the European Union Yes I mean I've

met people in in Cypress who have who

have told me directly if the European

Union wants to come into my bank and

take my money again so be it I have no

problem with it as long as I can be

called European yes Ian there are people

with that line of thinking as long as

you can call me European I have no

problem with the EU taking whatever they

need to take from me even if it's my own

personal I mean this is this is the

level of propaganda that a lot of people

are are subject have have been subjected

to over the past two decades yes because

you see they've managed the incredible

um and trick of conflating the European

Union with Europe Europe the

civilization the continent with all its

history and all its culture and somehow

they managed to um persuade people that

the European Union is somehow its

political embodiment whereas in fact

it's the uh it's it's the parasite

that's killing the host all right we

will leave it there the durant.

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