This seems to be a general practice even in the U.S. which makes one wonder if there is not an overall goal of promoting dependence on government support by some global interests rather than individual integrity and willingness to work for ones basic needs.
It's getting insane in Germany meanwhile. 2024, prices everywhere will explode. More and more inflation will be prevalent.
Inflation in Europe finally seems to have been brought under control following the sharp interest rate hikes by the European Central Bank. But you shouldn't rejoice too soon: this is why inflation could make a comeback from 2024:
Inflation has been a major issue for companies as well as all private households over the past two years. Many have had to tighten their belts and are now all the more pleased that the high inflation in the eurozone seems to have been brought under control.
However, you shouldn't rejoice too soon, as the inflation rate could pick up again in 2024, at least in Germany.
Everything will be more expensive in 2024
Consumers in Germany are likely to be asked to pay more from the beginning of 2024: More companies want to increase their prices again in the coming months. The barometer for their price expectations climbed to 19.7 points in December, up from 18.1 points in November, according to the Munich-based Ifo Institute's survey of thousands of companies on Wednesday. "This should halt the decline in inflation rates for the time being," said Ifo economic director Timo Wollmershäuser.
Price expectations among consumer-related service providers in particular have risen sharply - to 37.3 points, up from 25.5 points in November. Restaurateurs [gastronomy] in particular want to increase prices noticeably: Here, the barometer shot up to 87.6 points in December, compared to 45.9 points in the previous month. The mood in the restaurant trade is currently in the doldrums, as the reduced VAT [value added tax / Mehrwertsteuer] on food due to the coronavirus crisis and rising energy prices as a result of the Russian invasion of Ukraine will expire in January. Then 19 instead of seven percent will be due again. {This will continue the trend of restaurant and café closures, as like during Corona, but not due to Covid lockdowns this time.}
"But retailers are also planning more price increases again," the Ifo researchers emphasized. In industry, more companies are also planning to raise their prices again. Here, the barometer rose by one point to 3.6 points. "In the construction industry, the downward trend in prices has slowed further," it said. Price expectations there rose to minus 1.0 points, from minus 4.2 points in November.
No end to inflation in sight
However, it is not only price increases that will potentially cause inflation to rise from 2024. Further tax levies are also likely to make things more difficult for consumers. Specifically, the German government wants to almost double the truck toll, which is likely to have an impact on all goods. There is also a new tax on plastic packaging, which, according to experts, will make shopping an average of 30 euros more expensive per year.
Accordingly, it is very likely that we will see another increase in inflation in 2024. This means that the European Central Bank's target of two percent inflation per year is still a long way off. How long and how significant the rise in prices will actually be at the end of the day cannot be fully estimated, at least according to the experts. One thing is certain: everything will probably become more expensive again in 2024."
Players and mechanisms in the background
The mechanisms behind the account terminations described and hinted at in the Freilich article are where things get really interesting. It can be taken for granted that the "debanking" victims are and were the object of interest of secret services. However, state-affiliated and state-financed non-governmental organizations that play a central role in researching, highlighting and defaming unpopular opinions are also relevant.
The "Amadeu Antonio Foundation" with its portal Belltower News is explicitly mentioned. The "Zentrum Liberale Moderne", which is not mentioned in the article and has close ties to the Green Party, and the Berlin-based organization CeMAS operate in a similar way. In some cases, the organizations approach banks directly to persuade them to terminate the accounts of politically unpopular individuals. Sellner also told Freilich that he suspected "left-wing extremist foundations and NGOs" funded by the state were behind his "debanking".
"Diversity Charter"
Freilich suspects that the "Diversity Charter", an association of companies with the aim of promoting "diversity" in the world of work, which was kindly supported by the German government from 2006, is an ideological vehicle for involving companies in censorship mechanisms. The founders of the association include companies such as Daimler, Deutsche Bank and Deutsche Telekom. The "values" mentioned are not only relevant for the personnel policies of the participating companies, but also for suppliers - the article refers to Deutsche Telekom's Supplier Code of Conduct.
Orientation towards these "values" is also likely to play a role in customer selection. Deutsche Bank has attracted attention by terminating the accounts of disagreeable customers, as has its subsidiary Postbank. And this approach is not limited to bank accounts. Deutsche Telekom is also known to have terminated contracts with customers it did not like.
Censorship outsourced to private actors
The article also deals in detail with the legality of account terminations. Ten years ago, the Federal Court of Justice (BGH) ruled in favor of the bank in such a case and referred to freedom of contract. Article 3 of the German Basic Law [Grundgesetz] with its prohibition of discrimination based on political views does not apply in private law. The author also points out that the prohibition of discrimination on the basis of political views apparently plays no role for the Federal Anti-Discrimination Agency.
Government agencies generally emphasize that they have nothing to do with account terminations. However, this is at best only formally correct because, as we have seen, the underlying structures are promoted and financed. Admittedly, the obvious conclusion is that the state is paving the way for "debanking". One could also say that the federal government is outsourcing the punishment of dissenting opinions to private actors.
Debanking is therefore an important instrument for suppressing critical opinions and restricting freedom of expression. It thus ranks alongside the direct banning of critical voices (as in the case of RT DE and Sputnik), the censorship of social networks under the guise of the fight against disinformation and direct legal action against critics - for example through adventurously justified penalty orders.
"Right-wing extremists and other enemies of democracy are trying to infiltrate and instrumentalize the protests," a spokesperson for Germany’s interior minister, Nancy Faeser, said in Berlin. The country's federal police, Faeser added, believe these groups want to foment a “general strike” or even rioting to trigger an “overthrow” of the government.
It would not be the first time far-right groups have tried to gain political sway by latching onto protest movements in Germany — something similar was evident in pandemic-era anti-vaccine protests and in demonstrations against military aid to Ukraine.
GERMAN TAXPAYERS PAYING 50% OF ALL EU MONEY TO UKRAINE: Amid 2024 budget crisis, passive-aggressive Finance Minister Lindner in above vid admits Berlin bearing burden of 50% of ALL cash Europe sends to Kiev. If more is needed, Germany will not have to do it alone. So others must also share this burden. It cannot come down to Germany to doing more for Ukraine so others can do less - Lindner after cutting subsidies for farmers but not stopping Ukrainian aid.
the war in ukraine results from previous obstination of ukr. there was no real need to fund ukr. the reaction of russia was justified. the sanctions are a shot in the foot. the eu must become less ideological and more realistic. orban is the voice of reason. AND: FREE ASSANGE !!!I don´t see this topic being discussed on the forum so I thought to post the latest status on the current situation in Germany.
Some might seen this on SOTT back in December
German farmers' protest over diesel tax break cuts, brings traffic to a standstill in Berlin
Even a member of the ruling coalition is protesting against the changes. Farmers from all over Germany have driven their tractors into central Berlin to protest planned budget cuts that will affect them. Around 3,000 farmers are expected to...www.sott.net
and now
'The govt is trying to take our land': German farmers & truckers block major highways in huge protest over subsidies cut
Comment: This is like the Canadian trucker convoy and the French farmers' protests rolled into one... The protests are set to last all week. Commuters around Germany are facing severe disruption as a massive protest by farmers blocks roads across...www.sott.net
There are huge farmer protests in Germany and they´ve been blocking major highways. As the comment on SOTT says: "This is like the Canadian trucker convoy and the French farmers' protests rolled into one..."
Which led to
69% of Germans support farmer protests, Latvia and Lithuania's farmers begin their own demonstrations
On Monday, January 8, thousands of German farmers blocked roads and took to the streets to protest against the cancellation of subsidies for diesel fuel. A sociological survey conducted by the INSA institute for BILD revealed that 69% of...www.sott.net
And now
Germany's train staff go on 3 day strike as farmers' protest blocks roads for 3rd day
Commuters in Germany are facing a day of delays and disruptions, as train drivers strike and farmers block roads. Germany is facing potential transport chaos on Wednesday caused by a three-day nationwide strike by train drivers, coupled with...www.sott.net
The people are fed up as "almost 70% do not want to see the current chancellor remain in office, a survey has shown" and "74% of Germans think Scholz failing at his job".
And, right on queue, i.e. Politico says that "officials warned that far-right groups are attempting to co-opt the movement for their own political ends."
Those darn extremists and their evil schemes!
Anyway, it will be interesting to see how it rolls out as in the middle of this crisis the government is still pushing burning money on Ukraine!!!!
I cannot find another tweet where I can´t remember was it Scholz or Linder said something like, paraphrasing: yes, we have a hole in our budget (because of Ukraine) so we have to find where we will cut the budget!
Of course, people are angry! I hope they are angry enough to make a difference....