In Germany, signs of a sharp rise in inflation are multiplying. Naturally, the Hormuz crisis is to blame. It serves as a fig leaf for Germany’s highly inflationary transformation into a socialist shortage economy.

Over the weekend, economist Gerrit Heinemann warned in Bild of a drastic increase in food prices in Germany. The scholar from Niederrhein University of Applied Sciences focused his analysis on the massive rise in fertilizer prices. A significant share of these—estimated at roughly one third of global production—is transported through the Strait of Hormuz. Following the dual blockage of the strait, this sector too has entered a state of global scarcity, forcing farmers worldwide to adjust prices, which ultimately feeds through to consumer prices. Heinemann concludes that Germany’s food price index could rise by as much as ten percent this year.

Hormuz is a cheap diversion from the disastrous policies that the firewall party cartel has been pursuing for some time in order to build a new green socialism. Together with Brussels, Berlin is pursuing a scorched-earth policy when it comes to returning to a market-based energy framework and sound regulatory principles.

No matter how hard the current energy crisis hits, German policymakers remain committed to their green-socialist ideology. By clinging rigidly to CO? rent-seeking, grotesque climate regulation, and an energy policy run amok, the country has maneuvered itself into a geopolitical straitjacket. Germany’s economy now has its back against the wall. And Berlin has found its solution: the German middle class will be bled dry to finance the capital’s debt excesses and conceal the scale of the disaster.

https://www.zerohedge.com/economics/germanys-inflation-scapegoat-why-hormuz-convenient-cover-story