The DAX is in trouble. Germany’s reckless spending plan is pushing it over the edge which could trigger an unprecedented crash like the 2000 tech bubble.

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If you missed the chaos of the 2000 tech bubble, don’t worry, Germany’s stock market, specifically the DAX, is ready to serve you a front-row seat to a similar disaster. The DAX is dangerously close to a breaking point, showing a clear pattern of failure similar to what happened with tech stocks back in the day. The chart is a near mirror image of those devastating market days. The failure test and failed breakout to the upside signal the potential end of the line for this rally. The top may very well be here, and when it happens, the market will be left reeling.

Germany is no longer the shining example of economic stability that it once was. The country is at the brink of a financial breakdown, and it’s setting off alarms in the global market. What’s going on in Germany is not just a local issue—it’s about to cause serious problems worldwide. The DAX is heading toward disaster and there’s no avoiding it now.

Germany’s new economic plan? It’s complete madness. The government is preparing to throw a staggering €1 trillion ($1.08 trillion) at defense and infrastructure, and while it sounds bold, it’s nothing short of reckless. Germany has always been cautious with its spending, but this new approach throws caution to the wind. They are effectively loosening the country’s financial limits, gambling on a future that’s looking increasingly uncertain. The plan is built on the idea that more government spending will fix the problems, but the reality is, it will only add to Germany’s already towering debt.

The centerpiece of this plan is a €500 billion ($535 billion) fund dedicated to upgrading the country’s outdated infrastructure over the next decade. While this may sound like a smart move, the question is simple: where is the money coming from? Germany’s debt ratio is already at 64% of GDP, and these new expenditures could easily push that number closer to 90%. What happens when a country’s debt keeps growing and growing with no clear path to paying it off? This is a ticking time bomb, and it’s set to explode soon.

The increase in defense spending is just the cherry on top. The government has decided to exempt military spending from the usual debt restrictions, which means they can ramp up defense spending without any concern for the national debt. It’s a dangerously short-sighted approach. And when the entire plan eventually falls apart, the consequences won’t be confined to Germany—they’ll send shockwaves across the global economy.

Germany’s debt crisis is worsening by the day, and this new economic plan is only going to make matters worse. The country’s financial situation is spiraling out of control, and the DAX is likely to take a massive hit as a result. The DAX is a ticking time bomb, and when it detonates, it will be a mess unlike anything we’ve seen in years.

This isn’t just a German problem. The ripple effects will affect markets everywhere. Germany’s economic mismanagement is about to put the entire world on notice.