INVESTMENT THE ORIGINAL DIGEST NOVEMBER 17/18 2025✌INVESTMENT DAS ORIGINAL 17./18. NOVEMBER 2025 FOUNDED IN 2000 ANNO DOMINI✌

ABOVE TOP SECRET, BERND PULCH, INTELLIGENCE, INVESTMENT, MEDIA, NEWS 11 Minutes

📈 INVESTMENT & MARKETS DIGEST — 17 NOVEMBER

1️⃣ MACRO OVERVIEW

  • Global sentiment mixed, with markets digesting conflicting macro signals while awaiting fresh US inflation and EU business climate data later this week.
  • US yields slightly softer, improving risk appetite but not enough to trigger a broad rally.
  • Energy markets stabilizing, with crude showing narrow trading ranges after last week’s volatility.
  • FX markets calm, but EUR shows mild weakness against USD due to softer industrial output.

2️⃣ EQUITIES

US

  • Futures flat to marginally positive.
  • Investors continue rotating out of unprofitable tech into cash-flow-stable sectors (utilities, industrials, staples).
  • Elevated options hedging as funds reduce short-term risk.

Europe

  • EU indices open cautious.
  • Banks and insurers modestly positive as yields stabilize.
  • Real estate continues to price in tighter refinancing conditions.

Asia

  • Mixed session: Japan strong on exports, China flat with ongoing credit-sector concerns.

3️⃣ FIXED INCOME

  • US 10Y slightly lower, demand for duration improving.
  • Corporate spreads steady; high-yield issuance selective.
  • Europe trades in tight ranges with mild demand in the periphery.

4️⃣ COMMODITIES

  • Oil consolidating after last week’s volatility.
  • Gold steady with safe-haven interest intact.
  • Copper stable; nickel weak on oversupply themes.

5️⃣ FOREX

  • USD marginally firmer as liquidity preference stays elevated.
  • EUR soft but stable.
  • JPY range-bound despite BOJ commentary.

6️⃣ CRYPTO

  • BTC holding recent gains with compressed volatility.
  • ETH sees rotation into higher-quality large caps.
  • Altcoins quiet.

7️⃣ SECTOR WATCH

  • Tech: Cautious tone, with markets prioritising profitability.
  • Energy: Stable but directionless.
  • Financials: Slight benefit from yield stability.
  • Real Estate: Under continuing valuation pressure.

8️⃣ KEY RISKS TO WATCH

  • Macro data surprises.
  • Sudden yield volatility in US Treasuries.
  • China credit-sector stress events.
  • USD-driven FX shifts.

9️⃣ OPPORTUNITY RADAR

  • Large-cap defensives with pricing power.
  • Short-duration bonds for yield stability.
  • Cash-flow-positive energy names.
  • Oversold industrial leaders.

⭐ INVESTMENT THE ORIGINAL — INDEPENDENT & UNSPINNED

This digest is part of Investment The Original, the fully independent, ad-free, data-driven briefing created for readers who want markets without noise, spin or politics — only information that matters.
Updated daily and published exclusively on berndpulch.org.

🔥 SUPPORT THE WORK

If you value independent reporting, deep-dive market coverage and non-corporate finance intelligence, you can support the project here:
👉 patreon.com/investment

Patrons receive extended market breakdowns, special sector reports, and early access to long-form research.

📈 INVESTMENT & MARKETS DIGEST — 17 NOVEMBER 2025

1️⃣ GLOBAL MACRO OUTLOOK

United States

  • Investors position ahead of upcoming FOMC minutes and fresh inflation expectations surveys.
  • Consumer sentiment continues to soften, with discretionary spending indicators weakening for the third consecutive week.
  • Corporate America signals margin compression in Q4 due to higher input costs and slowing top-line revenue growth.
  • Fed officials maintain a cautious tone: “higher for longer still applies”, though markets continue pricing cuts for mid-2026.

Europe

  • Eurozone growth remains pressured: latest data shows industrial output -0.3% MoM, the fifth negative reading in six months.
  • Germany: continued weakness in manufacturing orders, particularly autos and chemicals.
  • France: service sector stabilizing but business confidence remains muted.
  • Italy/Spain: mild strength in tourism-driven activity, but inflation stubborn in food and services.

Asia

  • Japan: export growth strong due to automotive and semiconductor machinery; yen volatility subdued.
  • China: property sector stress persists; local governments announce mini-stimulus programs to support SMEs.
  • South Korea: chip exports accelerating, driven by global AI server demand.

2️⃣ EQUITY MARKETS

United States

  • S&P 500 futures flat, indicating consolidation after prior volatility.
  • Mega-cap tech sees rotation into quality: Apple, Microsoft, and Nvidia hold steady while speculative AI names retreat.
  • Energy sector stabilizes as crude prices hold support levels.
  • Financials gain slightly from improving credit conditions.

Market breadth remains weak, with fewer than 40% of S&P stocks trading above their 50-day moving average.

Europe

  • Stoxx 600 modestly higher, supported by financials and select industrials.
  • Real estate and construction continue under heavy pressure due to refinancing risks and cost inflation.
  • Export-heavy names benefit from EUR softness.

Asia Session

  • Nikkei 225 gains on chip machinery and robotics stocks.
  • Hang Seng flat as investors await policy direction in China.
  • ASX 200 weighed down by mining names.

3️⃣ FIXED INCOME & CREDIT

Sovereigns

  • US 10Y yields slightly down as investors seek duration after last week’s heavy selling.
  • Yield curve remains deeply inverted: markets expect financial stress in coming quarters.
  • Bund yields edge lower; ECB’s restrictive stance continues to slow loan growth across Europe.

Credit Markets

  • Investment-grade spreads stable and near multi-month tights.
  • High-yield issuance remains selective, with only top-quality borrowers able to place new deals at acceptable yields.
  • Distressed debt levels rising quietly, particularly in:
    • commercial real estate
    • small-cap industrials
    • cyclical consumer sectors

4️⃣ COMMODITIES

Oil

  • Brent trades narrowly as markets wait for inventory updates and OPEC+ guidance.
  • Supply from the US remains strong; refinery utilization rates at seasonal highs.

Gold

  • Maintains bid from geopolitical hedging and uncertainty around Fed policy timing.
  • Central bank buying remains a supportive force.

Metals

  • Copper stable due to mixed industrial demand.
  • Nickel under pressure from oversupply, especially Indonesian production.

Agriculture

  • Grain prices flat; weather patterns normalizing after prior volatility.
  • Coffee and cocoa remain elevated on supply disruptions.

5️⃣ FOREIGN EXCHANGE

Major Pairs

  • EUR/USD slightly weaker amid Germany’s industrial recession.
  • USD/JPY stable; BOJ reiterates intervention readiness but refrains from action.
  • GBP/USD steady as UK inflation data shows slow improvement.

Emerging Markets

  • Mixed performance; commodity-linked currencies stabilize with oil.
  • Asian FX strong relative to LatAm, which remains tied to political risk.

6️⃣ CRYPTO MARKETS

  • Bitcoin consolidates near recent highs; ETF inflow momentum slowing but still positive.
  • Ethereum stabilizes with traders increasingly focused on network upgrades planned for early 2026.
  • Stablecoin flows show rising preference for major exchanges over DeFi.
  • Regulatory environment remains quiet but uncertain as US prepares new disclosure frameworks.

7️⃣ SECTOR SNAPSHOT

Technology

  • Profitability now the dominant theme; buyers avoid high-burn-rate AI startups.
  • Semiconductors remain structurally strong due to server demand for AI workloads.

Financials

  • Benefit from stabilized yields; credit quality remains mixed.
  • Regional banks under scrutiny due to real estate exposures.

Energy

  • Consolidation continues; oil services show relative strength.
  • Renewables face margin pressure from rising financing costs.

Industrial & Transport

  • Freight and logistics improve modestly; shipping rates remain elevated but stable.

Healthcare

  • Biotech flat; large-cap pharma sees rotation as defensive play.

8️⃣ RISK MONITOR

Top risks currently tracked:

  • Liquidity shocks in US funding markets
  • China property developer credit events
  • Energy price spikes from geopolitical developments
  • Sudden repricing in global bonds
  • Weakening corporate earnings momentum
  • Consumer demand softening into year-end

9️⃣ OPPORTUNITY FRAMEWORK

Potential positioning themes:

  • Defensive quality (consumer staples, healthcare majors)
  • Short-duration investment-grade credit
  • AI infrastructure beneficiaries (chips, servers, data centers)
  • Value in cash-flow-rich energy names
  • Selective EM exposure (Korea, India)

⭐ INVESTMENT THE ORIGINAL — BY BERND PULCH

This daily digest is part of Investment The Original, the independent, non-corporate market briefing published on berndpulch.org.
Free from advertising, lobbying influence, or financial industry spin — focused solely on data, global signals, and real intelligence.

🔒 SUPPORT THE PROJECT

To unlock extended market analysis, deep-dive reports, forward-looking scenarios, and premium intelligence files:
👉 patreon.com/investment

Supporting the project ensures that independent analysis rema

ins alive — without sponsors, without agendas, without censorship.

Here’s a more detailed Investment-Original Digest for November 17, 2025, with quantified macro, credit, and liquidity inputs:

📈 INVESTMENT & MARKETS DIGEST — 17 NOVEMBER 2025

1️⃣ GLOBAL MACRO & LIQUIDITY RISKS

  • US Consumer Sentiment dropped sharply: the University of Michigan index fell to 50.3 in November (from 53.6 in October), its lowest since June 2022.
    • The Current Conditions component dropped to 52.3 (from 58.6).
    • Short-term inflation expectations ticked up to 4.7%, while long-term dropped slightly to 3.6%.
    • Capital Economics notes that the sharp sentiment decline is driven by shutdown fears and heightened risk aversion.
  • U.S. Economic Optimism: According to RealClearMarkets / TIPP, the 6-month outlook fell to 43.9 (from 48.3 prior), its weakest since early 2024.
    • Components broke down: Six-Month Economic Outlook dropped to 40.0, Personal Financial Outlook to 50.6, Confidence in Federal Policies to 41.1.
  • China Credit Conditions:
    • Total Social Financing (TSF) collapsed from CNY 3,530 billion in September to just CNY 810 billion in October.
    • The sharp drop signals a major contraction in new credit and liquidity pouring into the economy.
  • Eurozone Inflation Outlook: ECB Economic Bulletin projects headline CPI inflation could rise to 3.3% in 2026, up from 2.8% current base.
    • Persistent services inflation remains a core issue, and wage pressures are expected to sustain inflation risk.

2️⃣ CREDIT & FIXED INCOME

  • Credit Spreads Tense:
    • U.S. High-Yield spreads remain historically tight; latest Option-Adjusted Spread (OAS) at 281 bps according to Wedbush, near multi-year lows.
    • Investment-grade spreads also compressed: reports suggest they’re around 80–100 bps over Treasuries.
    • These levels could underprice risk given the macro fragility.
  • Treasury Curve:
    • Yield curve remains inverted; long-term rates are supported by sticky credit risk and safe-haven flows.
    • Persistent demand for duration in U.S. Treasuries as yield volatility remains a core risk factor.

3️⃣ CREDIT MARKETS LIQUIDITY

  • Despite macro stress, corporate bond liquidity remains odd: tight spreads and strong issuance suggest complacency.
  • Model-based research (Rossi / Spezzati) shows rising liquidity spread risk for defaultable bonds: as risk rises, bond liquidity may worsen substantially, especially for lower-rated credits.
  • This liquidity fragility could amplify credit market stress if risk repricing accelerates.

4️⃣ MARKET IMPLICATIONS & RISKS

  • The collapse in consumer sentiment, combined with liquidity stress, increases the risk of a demand shock: consumer spending could sharply contract if the shutdown or credit squeeze deepens.
  • Credit markets may look deceptively calm — but there is a structural risk: tight spreads + rising default risk + liquidity compression = a dangerous cocktail.
  • China’s dramatic drop in social financing raises questions about whether Beijing can meaningfully stimulate growth in 2026 without reigniting credit excess.

5️⃣ POSITIONING THEMES

  • Defensive Bonds: Short-duration IG paper may be more attractive if liquidity risks intensify.
  • Credit Hedging: Investors should consider credit protection (CDS, swaps) on HY bonds or selectively underweight low-quality issuers.
  • Safe Havens: Gold remains a core diversifier; central bank demand could support further accumulation.
  • Selective Carry: Opportunistic buy of high-cash flow energy or infrastructure names that can weather macro volatility.

⭐ INVESTMENT THE ORIGINAL — BY BERND PULCH

This digest is produced independently for Investment: The Original, delivering unfiltered financial intelligence without corporate influence or marketing spin.

🔒 SUPPORT OUR WORK

Unlock premium research, credit-risk deep dives, liquidity models, and daily intelligence at:
👉 patreon.com/investment

📈 INVESTMENT & MARKETS DIGEST — 17. NOVEMBER 2025

1️⃣ GLOBALER MAKRO- & LIQUIDITÄTS-ÜBERBLICK

  • US-Verbraucherstimmung bricht stark ein: Der University-of-Michigan-Index fiel im November auf 50,3 (zuvor 53,6) – den niedrigsten Wert seit Juni 2022.
    • Die Teilkomponente Current Conditions sank von 58,6 auf 52,3.
    • Kurzfristige Inflationserwartungen stiegen auf 4,7 %, während langfristige leicht auf 3,6 % fielen.
    • Ökonomen erklären den Absturz mit Angst vor einem Government Shutdown und wachsender Risikoaversion.
  • US-Wirtschaftsoptimismus (RealClearMarkets / TIPP) fiel auf 43,9 (zuvor 48,3) – tiefster Stand seit Anfang 2024.
    • Sechs-Monats-Ausblick: 40,0
    • Persönlicher Finanzausblick: 50,6
    • Vertrauen in die Wirtschaftspolitik: 41,1
  • China – Kreditklemme verschärft sich:
    • Die Gesamtfinanzierung der Wirtschaft (TSF) stürzte von 3.530 Mrd. CNY im September auf nur 810 Mrd. CNY im Oktober ab.
    • Ein dramatischer Liquiditätsentzug für Unternehmen und Kommunen.
  • Eurozone – Inflationsausblick:
    • Die EZB erwartet laut Wirtschaftsbericht für 2026 einen Anstieg der Inflation auf 3,3 % (aktuell 2,8 %).
    • Besonders hartnäckig bleibt der Preisdruck im Dienstleistungssektor.

2️⃣ ANLEIHEN & KREDITMÄRKTE

  • Kreditspreads bleiben gespannt:
    • US-High-Yield-Spread (OAS) liegt bei 281 Basispunkten – extrem niedrig angesichts der wachsenden Risiken.
    • Investment-Grade stabil bei 80–100 Basispunkten über Treasuries.
    • Diese engen Spreads spiegeln die realen Risiken kaum wider.
  • Zinsstrukturkurve:
    • Die US-Kurve bleibt stark invertiert – ein klassisches Rezessionssignal.
    • Nachfrage nach länger laufenden Treasuries steigt, da Anleger Volatilität absichern.

3️⃣ KREDITMARKT-LIQUIDITÄT

  • Trotz schwächerer Makrosignale bleibt die Liquidität am Unternehmensanleihemarkt unnatürlich stabil.
  • Neue Modelle zeigen jedoch steigende Liquiditätsspreads bei risikohaften Anleihen:
    • Höhere Ausfallwahrscheinlichkeit → schlechtere Handelbarkeit → potenziell explosive Marktbewegungen.
  • Besonders bedroht sind:
    • Hochverzinsliche Industrieanleihen
    • Gewerbeimmobilien-Refinanzierungen
    • Zyklische Konsumsektoren

4️⃣ MARKTAUSWIRKUNGEN & RISIKEN

  • Die Kombination aus einbrechender Verbraucherstimmung, enger Liquidität und globalem Wachstumsdruck erhöht die Wahrscheinlichkeit eines Nachfrageschocks.
  • Die Märkte wirken ruhig, doch die Risikopuffer schrumpfen:
    • Enge Kreditspreads
    • Steigende Default-Raten
    • Sinkende Unternehmensmargen
    • Restriktiver Kreditfluss in China
  • Ein Repricing im Kreditmarkt könnte abrupt und heftig ausfallen.

5️⃣ POSITIONIERUNGS-IDEEN

  • Defensiv orientierte Anleihen: Kurzfristige Investment-Grade-Bonds bieten Schutz bei Liquiditätsrisiken.
  • Kreditabsicherung: Nutzung von CDS oder strategischer Untergewichtung schwacher HY-Emittenten.
  • Gold als Versicherung: Stabile Nachfrage durch Zentralbanken bleibt ein starker Preistreiber.
  • Selektive Value-Titel: Energie- und Infrastrukturunternehmen mit starken Cashflows bleiben attraktiv.
  • Asien-Selektion: Korea und Indien bieten relative Widerstandskraft.

⭐ INVESTMENT THE ORIGINAL — VON BERND PULCH

Dieser tägliche Digest ist Teil von Investment: Das Original – unabhängige Finanzaufklärung ohne Werbung, ohne Industrieeinfluss, ohne Agenda.

🔒 UNTERSTÜTZE UNSERE ARBEIT

Für exklusive Analysen, Kreditrisiko-Dossiers, Premium-Charts und tiefe Marktmodelle:
👉 patreon.com/investment

🚨 Site blocked? Mirrors available here:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Official Links & Donations

Main site: http://www.berndpulch.org
Mirror sites: wxwxxxpp.manus.space | googlefirst.org
Rumble video: Watch here
Patreon: patreon.com/berndpulch

🎥 Featured Video https://rumble.com/embed/v5ey0z9/?pub=4

💜 Donate with Monero (100% anonymous)

Monero QR Code

🙏 Thank you

Your support keeps the truth alive.

👉 See exclusive leaks

USP: berndpulch.org delivers cutting-edge satire while exposing state secrets, intelligence scandals, and global corruption—all served with a side of “what were they thinking?” humor, zero censorship, and multi-mirror access for unstoppable truth.

🇦🇪 العربية

🚨 الموقع محظور؟ المرايا متاحة هنا:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

الروابط الرسمية والتبرعات

الموقع الرئيسي: http://www.berndpulch.org
مواقع المرايا: wxwxxxpp.manus.space | googlefirst.org
فيديو Rumble: شاهد هنا
Patreon: patreon.com/berndpulch

🎥 فيديو مميز https://rumble.com/embed/v5ey0z9/?pub=4

💜 التبرع باستخدام مونيرو (100% مجهول)

Monero QR Code

🙏 شكرًا

دعمك يبقي الحقيقة حية.

👉 شاهد التسريبات الحصرية

USP: berndpulch.org يجمع بين السخرية اللاذعة والكشف عن أسرار الدولة، فضائح المخابرات، والفساد العالمي—كل ذلك مع لمسة من الفكاهة “ماذا كانوا يفكرون؟”، بدون رقابة، مع وصول متعدد المرايا للحقيقة التي لا تُرد.

🇨🇳 中文

🚨 网站被屏蔽？镜像站点如下：
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

官方链接与捐款

主站：www.berndpulch.org
镜像站点：wxwxxxpp.manus.space | googlefirst.org
Rumble视频：点击观看
Patreon：patreon.com/berndpulch

🎥 精选视频 https://rumble.com/embed/v5ey0z9/?pub=4

💜 使用门罗币捐款（100%匿名）

Monero QR Code

🙏 感谢您

您的支持让真相永存。

👉 查看独家泄露内容

USP：berndpulch.org 将尖锐的讽刺与揭露国家机密、情报丑闻和全球腐败相结合——带着“他们在想什么？”的幽默，无审查，并通过多重镜像确保真相势不可挡。

🇩🇪 Deutsch

🚨 Seite blockiert? Spiegel hier öffnen:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Offizielle Links & Spenden

Hauptseite: http://www.berndpulch.org
Spiegelseiten: wxwxxxpp.manus.space | googlefirst.org
Rumble Video: Hier ansehen
Patreon: patreon.com/berndpulch

🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4

💜 Spenden mit Monero (100 % anonym)

Monero QR Code

🙏 Danke

Ihre Unterstützung hält die Wahrheit am Leben.

👉 Exklusive Leaks ansehen

USP: berndpulch.org liefert scharfsinnige Satire, deckt Geheimdienstskandale, Korruption und absurde Machtspiele auf – alles zensurfrei, mit mehreren Spiegeln und einem Augenzwinkern versehen.

🇪🇸 Español

🚨 ¿Sitio bloqueado? Usa espejos disponibles:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Enlaces oficiales & Donaciones

Sitio principal: http://www.berndpulch.org
Espejos: wxwxxxpp.manus.space | googlefirst.org
Video Rumble: Ver aquí
Patreon: patreon.com/berndpulch

🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4

💜 Donar con Monero (100 % anónimo)

Monero QR Code

🙏 Gracias

Tu apoyo mantiene viva la verdad.

👉 Ver filtraciones exclusivas

USP: berndpulch.org combina sátira punzante con revelaciones sobre secretos de Estado, corrupción y disparates de poder – sin censura, con múltiples espejos y humor irónico.

🇫🇷 Français

🚨 Site bloqué ? Miroirs disponibles :
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Liens officiels & Dons

Site principal : http://www.berndpulch.org
Miroirs : wxwxxxpp.manus.space | googlefirst.org
Vidéo Rumble : Regarder ici
Patreon : patreon.com/berndpulch

🎥 Vidéo https://rumble.com/embed/v5ey0z9/?pub=4

💜 Faire un don en Monero (100 % anonyme)

Monero QR Code

🙏 Merci

Votre soutien garde la vérité vivante.

👉 Voir les fuites exclusives

USP : berndpulch.org combine satire acérée et révélations sur les scandales d’État, la corruption et les absurdités du pouvoir – sans censure, avec plusieurs miroirs et humour noir.

🇮🇳 हिन्दी

🚨 साइट ब्लॉक है? यहाँ मिरर उपलब्ध हैं:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

आधिकारिक लिंक और दान

मुख्य साइट: http://www.berndpulch.org
मिरर साइट्स: wxwxxxpp.manus.space | googlefirst.org
Rumble वीडियो: यहाँ देखें
Patreon: patreon.com/berndpulch

🎥 विशेष वीडियो https://rumble.com/embed/v5ey0z9/?pub=4

💜 मोनेरो के साथ दान करें (100% गुमनाम)

Monero QR Code

🙏 धन्यवाद

आपका समर्थन सत्य को जीवित रखता है।

👉 विशेष लीक देखें

USP: berndpulch.org तीखी व्यंग्य के साथ सरकारी रहस्य, खुफिया घोटालों और वैश्विक भ्रष्टाचार को उजागर करता है—सब कुछ “वे क्या सोच रहे थे?” के हास्य के साथ, बिना सेंसरशिप और अजेय सत्य के लिए बहु-मिरर एक्सेस के साथ।

🇮🇱 עברית

🚨 האתר חסום? מראות זמינות כאן:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

קישורים רשמיים ותרומות

אתר ראשי: http://www.berndpulch.org
אתרי מראה: wxwxxxpp.manus.space | googlefirst.org
וידאו Rumble: צפה כאן
Patreon: patreon.com/berndpulch

🎥 וידאו מומלץ https://rumble.com/embed/v5ey0z9/?pub=4

💜 תרום באמצעות מונרו (100% אנונימי)

Monero QR Code

🙏 תודה

התמיכה שלך שומרת על האמת בחיים.

👉 צפה בדליפות בלעדיות

USP: berndpulch.org משלב סאטירה חריפה עם חשיפת סודות מדינה, שערוריות מודיעין ושחיתות גלובלית—הכל עם נגיעה של הומור בסגנון “מה הם חשבו?”, ללא צנזורה וגישה בלתי ניתנת לעצירה דרך מראות מרובות.

🇮🇹 Italiano

🚨 Sito bloccato? Usa specchi disponibili:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Link ufficiali & Donazioni

Sito principale: http://www.berndpulch.org
Specchi: wxwxxxpp.manus.space | googlefirst.org
Video Rumble: Guarda qui
Patreon: patreon.com/berndpulch

🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4

💜 Dona con Monero (100% anonimo)

Monero QR Code

🙏 Grazie

Il tuo sostegno mantiene viva la verità.

👉 Vedi fughe esclusive

USP: berndpulch.org unisce satira tagliente e rivelazioni su segreti di Stato, corruzione e follie del potere – tutto senza censura, con specchi multipli e humor nero.

🇵🇹 Português

🚨 Site bloqueado? Use espelhos disponíveis:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Links oficiais & Doações

Site principal: http://www.berndpulch.org
Espelhos: wxwxxxpp.manus.space | googlefirst.org
Vídeo Rumble: Assista aqui
Patreon: patreon.com/berndpulch

🎥 Vídeo https://rumble.com/embed/v5ey0z9/?pub=4

💜 Doar com Monero (100% anônimo)

Monero QR Code

🙏 Obrigado

Seu apoio mantém a verdade viva.

👉 Veja vazamentos exclusivos

USP: berndpulch.org combina sátira afiada com revelações sobre segredos de Estado, corrupção e absurdos do poder – sem censura, com múltiplos espelhos e humor negro.

🇷🇺 Русский

🚨 Сайт заблокирован? Зеркала доступны здесь:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org

Официальные ссылки и пожертвования

Основной сайт: http://www.berndpulch.org
Зеркальные сайты: wxwxxxpp.manus.space | googlefirst.org
Видео на Rumble: Смотреть здесь
Patreon: patreon.com/berndpulch

🎥 Видео https://rumble.com/embed/v5ey0z9/?pub=4

💜 Пожертвовать через Monero (100% анонимно)

Monero QR Code

🙏 Спасибо

Ваша поддержка сохраняет правду живой.

👉 Смотрите эксклюзивные утечки

USP: berndpulch.org сочетает острую сатиру с разоблачением государственных секретов, разведывательных скандалов и глобальной коррупции — всё это с долей юмора «о чём они вообще думали?», без цензуры и с множеством зеркал для неудержимой правды.

Published