German Treasury Secretary of Hesse Commits Suicide

Martin Armstrong — Armstrong Economics March 29, 2020

It is with deep regret that the German Treasury Secretary of the federal state of Hesse, Thomas Schäfer, killed himself on March 28th, 2020. He oversaw Hesse‘s biggest city, Frankfurt, where we would hold our conferences and it remains the European capital for international banks. I know he was deeply concerned that this Coronavirus-Crisis was being used to destroy the economy. Thomas understood what was taking place and also understood he would not be able to deal with the absurd expectations of the general public about financial relief that was being pushed over a crisis that did not appear to warrant such a reaction.

Thomas was one of the good guys. My deepest condolences to his family. I understand his pessimism for what is to come post-Coronavirus. It is extremely difficult to watch something unfold and be unable to do anything to stop the momentum. Suicide becomes the option when it is just easier to leave than it is to stay.

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German government advisors: Recession in 1H 2020 is unavoidable

Haresh Menghani – FX Street March 30, 2020

The German council of economic advisors offered their take on the economic fallout from the coronavirus outbreak and warned of the deepest recession since 2009.

Key points:

  • The virus outbreak has put an end to the incipient economic recovery.
  • Recession in 1H 2020 is unavoidable.
  • The German economy will shrink significantly this year.
  • The baseline scenario is the economy to shrink by 2.8% this year and grow by 3.7% in 2021.
  • The baseline scenario is for the economic situation to normalise over the summer.
  • The second scenario involves a V-shaped trajectory with widespread production halts.
  • That will see the economy shrink by 5.4% this year and grow by 4.9% in 2021.
  • The third scenario involves a U-shaped trajectory where recovery begins next year.
  • That will see the economy shrink by 4.5% this year and grow by 1.0% in 2021

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4 responses to “German Treasury Secretary of Hesse Commits Suicide”

  1. What a waste, we need the good guys to fight back, he should have been Chancellor.

  2. The globalists want all economies and populations to shrink based on their SUPSTAIABILITY AGENDAS. Like with the 9/11 psyop there has always been a great deal of planning and many stakeholders with multiple interests, all being fulfilled with that meticulous planned multi billion dollar operation. In this one we appear to have: the interest of likely trillion dollar mass flue vaccinations for the world; the interest of blaming the economic collapse on the virus pandemic if they can get it to last long enough instead of their own mismanagement; the interest of using the economic freeze to hype a threat of a credit freeze and then the pretext for having to reset global finances into their one-world digital currency; the interest of deflecting from their running out at the same time highly controversial 5G for their proposed digital currency and identities and financial transactions all in the same time frame while everyone is help up for ransom.

    Schafer looks like and honest man and perhaps he was aware that the international banking cartel of which he was a part was responsible for the entire scheme, and he became a risk because of his conscience.

  3. Humm ?? Was he a threat to Hilary Clinton, by any chance ??
    Maybe he has fallen asleep on the railway tracks ??

  4. Frankfurt is the ancestral home of Rothschilds and Warburgs, did they show up for Thomas Schäfer’s funeral?
    After all, they are all in the same business, in fact they birthed it in Frankfurt 250 years ago, just like “Rosemary’s Baby”.