Globalist Christine Madeleine Odette Lagarde is a French politician and lawyer who has been the President of the European Central Bank since 2019. She made clear in a speech in Wyoming why the EU is destroying their cultures, and relegating the native born to irrelevancy.
Our rulers care not about the destruction of the native cultures by immigrants that do not assimilate to their new nations. The increase in crime because of the lack of vetting as well as the diseases that these illegals have exposed the native population to, polio, measles, and TB, etc. mean nothing but the all holy GDP does as they at the same time waste enormous amounts of funds on their vast and ever-increasing welfare state.
LaGarde says a key factor in their economic growth “has been the rise in both the number and participation rate of foreign workers.”
Lagarde made her comments in a speech in Jackson Hole, Wyoming, at a Federal Reserve economic symposium.
“In Germany, for example, GDP would be around 6% lower than in 2019 without the contribution of foreign workers.”
Spain’s strong post-pandemic economic growth “also owes much to the contribution of foreign labor,” she said.
Lagarde’s comments echoed a common view among economists that an influx of foreign workers helped companies expand their output and meet a spike in demand after the pandemic that followed stimulus benefits. The increased supply helped bring down inflation in Europe and the United States.
Yet the rise in immigration also sparked a political backlash in both economies.
“Migration could, in principle, play a crucial role in easing” labor shortages as native populations.age, Lagarde said. But “political economy pressures may increasingly limit inflows.”
Lagarde also said that a drop in inflation-adjusted wages, greater hoarding of workers by companies, and an influx of elderly people into the labor force also contributed to steady economic growth even as the ECB lifted interest rates.
Historically, Lagarde emphasized, higher borrowing costs have dragged down economic growth, often causing recessions and leading to higher unemployment. Yet that didn’t happen as the ECB raised its key rate in 2022 and 2023.
While foreign born workers accounted for just 9% of the EU’s labor force in 2022, they have made up half of the bloc’s labor force growth in the past three years, Lagarde said.
More elderly people also joined the workforce, Lagarde noted. Without that increase, the unemployment rate in the 20 countries that use the euro currency would be elevated — 6.6%, rather than the current rate of 6.3%, she said.
Remember Dear Reader remember, we are in a asymmetric spiritual war.
No man, government, religion, philosophy, etc. will stop what is occurring around the world. And that goes for our churches which have based their organizations (denominations) after mans organizations, not Gods Pattern for His Church and Families.
Man’s churches are failing as we enter the end of days of which we have been forewarned. Man’s Churches have assumed to themselves priesthoods and authority (as they supposed) thereby dividing believers one against another. They also assumed responsibilities which God ordained and appointed for Men and Women (The Family) not men’s churches. That is why Christian Families are failing like secular families.
What is God’s Church? It’s Jesus Christ and Born Again Believers having the indwelling of the Holy Spirit our True Guide, our True Teacher, our True Comforter along with God’s Word and the Testimony of His Creation. They are the living breathing Church Of God, adopted Sons and Daughters of God destined to be with Him throughout eternity.
Money has no value here, no trips to Alaska, no books to purchase, no – none of that.
I invite you visit https://www.knowingforyourself.com/
If nothing else read from the home page and then, at the top of the home page read from: God’s Family – God’s Church – Message of the Temple Veil, and the Women at the well – Rebuild Restore.
Think for yourself and share this site with others. “For there is nothing hidden that shall not be disclosed, nor anything secret that shall not be known and come out in the open.” Luke 8:17
Best to all in Jesus Christ our Savior and Redeemer. Daniel
Want to know who is the Prince of this world, and his followers? First read the ten Commandments (Thou shalt not) as given in your Bible. Then read them again starting first with the 10th command saying ”Thou Shalt” and you shall know who the god of this world is and those who follow him. Think about it.
She is at best a devious woman.
Hope they all choke on their ‘ill gotten gains’…
Money is no longer the ultimate goal, power reigns supreme. These “leaders” are the useful idiots who are pulling off the biggest coup d’état in the history of Planet Earth! The end is nigh!!!!
“Even so come Lord Jesus!”
AMEN!
The invasion is a globalist criminal plot. Something like this does not happen without major coordination and money.The USA paid for its own invasion.
People mocked as “conspiracy theorists” often say bankers control things. But we see big bankers all over the place advocating and influencing things such as the invasion, the trans cult, BLM, and so on. Carney ran the Bank of Canada the the Bank of England, he was given the red carpet treatment to be inserted as PM.
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