Bob is the created and owner of Trade Genius Academy. Bob also does a podcast on YouTube which is called Trade Genius. Germany’s industrial backbone is buckling under the weight of soaring energy costs and a protracted manufacturing slump, exacerbating the nation’s economic woes as factories shutter and jobs flee to cheaper shores. Chemical producers, for instance, cite skyrocketing energy expenses as the primary culprit for relocating operations to China, where costs are far more predictable and affordable, leaving behind a trail of idle plants and lost competitiveness in Europe. This comes amid the latest HCOB Manufacturing PMI reading of 49.6 for October, a marginal uptick from September but still firmly in contraction territory below the 50 threshold, signaling persistent output declines, weakened new orders, and employment cuts across key sectors like autos and machinery. With household energy bills already among the world’s highest—rivaling those in Ireland and Italy—Berlin’s green energy pivot and nuclear phase-out have only amplified the pain, turning what was once Europe’s manufacturing powerhouse into a cautionary tale of policy missteps fueling deindustrialization.

Meanwhile, amid this fiat-fueled turmoil, gold and Bitcoin are surging to unprecedented peaks, underscoring a global flight to hard assets as trust in central banks erodes. Bitcoin shattered its prior record, climbing above $109,000 while gold and silver notched fresh all-time highs, drawing parallels to Satoshi Nakamoto’s visionary “Bit Gold” precursor that blended digital scarcity with precious metal reliability. This rally coincides with mounting calls to dismantle the Federal Reserve entirely, viewing it as the root of endless debt spirals and inflationary theft—proponents argue abolishing the central bank, ending its unconstitutional money-printing monopoly, and returning to sound money backed by gold or competing currencies would restore fiscal sanity and curb the very imbalances driving these asset booms. As the Fed signals an end to quantitative tightening in December, whispers of outright elimination gain traction in liberty-minded circles, positioning crypto and bullion not as speculations, but as bulwarks against a system teetering on collapse.