Richard Dias@RichardDias_CFA · Sep 16, 2026

This joining the E.U. psyop (i.e. manufactured consent) being pumped into the minds of Canadians is insane. A thread.…

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Summary

The thread argues that Europe, particularly Germany and France, faces economic crisis due to poor policy choices including aggressive climate mandates, excessive government spending, and restrictive regulations. Canada should not pursue EU integration but instead leverage its natural resources independently.

Summarized by ThreadOut AI from the full thread. May miss nuance — read the thread below.

#1
This joining the E.U. psyop (i.e. manufactured consent) being pumped into the minds of Canadians is insane. A thread. Europe is crumbling economically and politically. This is because of the same policy set (and people?) that have caused the worst economic stagnation in Canada in a generation. Naive 'Green' energy policy has gutted its industrial base; the insatiable leviathan of public spending; and a regulatory boa constrictor that protects incumbents and crushes entrepreneurial spirit and, yes, mass immigration. Germany, Europe's most important economy, is hemorrhaging jobs. For 17 months and counting, employment has shrunk.
#2
This is reflected in a 20% drop in its industrial production from 2019. This was partly due to the spike in natural gas prices following the Russian invasion. But....
#3
Germany was vulnerable to an energy shock because of its obsession with 'Climate' policy, 'Net Zero', and its unhinged anti-nuclear power stance. They replaced affordability, reliability and energy security with warm, fuzzy feelings. This was catastrophic. (Note that European co2 emissions PEAKED in 1979.)
#4
Meanwhile, their naivety towards China's talents, ingenuity, and hunger has left them surplus to requirements. Exports to China are at a 10-year low and falling.
#5
This matters for Canadians because Germany is Europe's economic backbone (25% of GDP) and the backbone of its banking/financial system. Germany is Europe's creditor, as evidenced by the Target 2 Balance, the cumulative net claim or liability that a national central bank in the Eurozone holds with the European Central Bank (ECB).
#6
Meanwhile, in France, l'économie est l'État! The economy is the state. "Public spending has been rising for 25 years, now at 57% of GDP, 8 percentage points above the European average, epitomized by the bloated number of public employees, up by 1m since 1997." omfif.org/2026/09/restor… Furthermore, France has not run a balanced budget since 1980!!!!! It also faces a high tax burden, with taxes amounting to 45.3 percent of GDP, and levies the highest production taxes of any OECD country. gisreportsonline.com/r/frances-econ…
#7
This has helped bring France's government debt-to-GDP ratio to the top of the global rankings.
#8
Why does this matter now? Because global risk is synchronized. After a 40 year decline, Government bond yields are rising together. The world is sleepwalking into a sovereign debt crisis that, more likely than not, is emanating FROM Europe.
#9
And French bond spreads are starting to say as much. They are at their highest level since the euro debt crisis a decade ago.
#10
Poor policy and an intransigent establishment have left growth anemic. The people are not happy.
#11
Cue the domestic political backlash to screwing over and gaslighting millions of working-class people. Never mind the attacks on freedom of expression. Over the next two years, we will witness political upheaval in Europe unlike anything we have seen in a generation.
#12
In sum, Canada should sell them all the natural gas, oil and minerals, but we can and should do so at arm's length. Joining that regulator car wreck of an economy does not serve regular Canadians' interests. ✌️