Ukraine's 'zombie' economy dependent on Western money - ex-PMKiev lacks funds to pay its military due to the "catastrophic" state of its finances, Nikolay Azarov has claimed
rt.com/business/583146-ukraine-zombie-economy/
Scholz responds to 'sick man of Europe' jabBerlin won't rack up massive debts, contrary to the advice of "Anglo-Saxon newspaper" The Economist, the German chancellor has said
rt.com/news/583090-scholz-germany-sick-man-europe/
German banking was always more decentralized and conservative than the Anglo-countries. In the years leading up to World War One, Germany was taking strides in industrial and technological development, proving to be the number one competitor to Britain, who was already turning to rely on financialization of the economy, lessening the focus on building industry.
Germany had a private central bank before World War One, but they also had many decentralized medium and smaller banks with a degree of independence and foresight.
The German state also had considerable control of what that private central bank could do, and this combination proved conservative in the printing of new money, thereby maintaining inflation low, while also keeping the economy financed in the right spheres
The German government also made sure that financing went primarily to industry, infrastructure and development, not to stock market casinos.
Germany was crushed by the elites of Britain and The United States. They just couldn't handle it. The Jewish Federal Reserve undoubtedly played a hand as well.
In the 1920's, in the Weimar Republic, the private central bank, heavily infested with Jews, were freed from government control, leaving the door open for massive money-printing, tanking the economy to unprecedented levels, leading to large-scale starvation, disease, debauchery and prostitution.
In the 1970's, the USA made the same mistake that Britain made, financializing the economy, exporting their manufacturing base and focusing on stock-market gains, all the while robbing their own people blind with inflation and debt.