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RE: Leo Talk 3/25/2021 -Come Join Our Chat

in LeoFinance4 years ago (edited)

Wasn't he the one that said they wanted to get the global population down to 2 billion? What's going to happen to the other 6?

I saw the fertility drop in person over in Germany. The staff told me that they were even offering Germans bonus money if they had more kids and even that didn't move the needle. They told us that was the main reason Merkel let in over a million refugees back in 2015. Apparantly they need 800k arrivals per year just to keep up.

The average age of an auto plant worker in Germany is 43...

And rising...

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Germany has peaked in terms of its native population. It is now on the downward path like Japan. Spain too I believe.

The United States finds itself in the same boat but immigration does make up for much of it. That is what Germany is trying to do. The problem is that, economically, little is felt from the first generation of immigrants. It is only after the second generation is born, educated, and assimilated to a degree do you see significant economic impact. Thus it can have a boost in 20 years or so but it will take a while.

The German auto industry is in rough shape anyway. The cost of energy is hitting these companies hard.

We will see how that all pans out.

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