What is predicted to happen in Europe is just stunning, literally stunning.
♦Context – According to official data from the World Bank, the combined Gross Domestic Product (GDP) of the European Union was just over $17 trillion US dollars in 2021. That is the last calculated measure. The combined GDP value of European Union represents roughly 12.78 percent of the world economy.
According to analysts for Goldman Sachs, the current energy crisis in Europe has increased electricity prices at a rate that is increasing almost daily. Within the data it is now estimated that households within the EU will pay an additional $2 trillion for electricity in the next year.
Put that $2 trillion into context with their GDP, and that scale of energy cost would be wiping out 12% of the purchasing strength within the total EU economy. Forget about buying anything else, if this analysis is correct Europeans will be buying food and energy, nothing else.
If you consider what that means, it is bordering on full economic collapse of western Europe.
What is being described above is what we posited when we outlined the impact of the “Energy Economy” {Go Deep}. When you suck 12% of the purchasing power out of an economic engine simply to maintain the status of current energy use, everything else starts to collapse.
Also keep in mind we are only talking about the direct impact of $2 trillion in electricity cost. The downstream consequence is far greater because everything created, produced, or manufactured, including food, is dependent on electricity – which will drive the final cost to produce of all those products even higher.
The damage is almost unimaginable in scale.
[Fortune] – European households should brace for an expensive winter owing to the continent’s deepening energy crisis that will likely send electricity and heating bills soaring.
Energy affordability in Europe is reaching a “tipping point” that could peak next year, with total spending on bills across the continent growing by 2 trillion euros ($2 trillion), a Goldman Sachs research team, led by Alberto Gandolfi and Mafalda Pombeiro, said in a note published Sunday.
Many European households are already feeling the bite of a steadily worsening energy crisis, brought on by Russian natural gas producers intermittently pausing flows along the critical Nord Stream pipeline following Western sanctions this year.
Energy bills at some restaurants and coffee shops have already more than tripled this year, but with threats looming that natural gas supply from Russia could become even tighter as the Ukraine War rages on, analysts warn that Europe’s coming struggles are set to rival some of the worst energy crises on record.
“The market continues to underestimate the depth, the breadth, and the structural repercussions of the crisis,” the Goldman Sachs analysts wrote. “We believe these will be even deeper than the 1970s oil crisis.” (read more)
The economic contagion will not be isolated to Europe.
The impacts to the social fabric are also almost unquantifiable in scale.
Example: What happens to migration patterns when economic migrants are now considered a threat to scarce resources?
While the US is not quite in the same level of energy desperation, what we were discussing last week is an example of the problem we too may face.
Let’s say you are an average USA Main Street household with an income around $100,000/yr, and you now face an increase in electricity rates from $300 to $500 due to Joe Biden’s new national energy policy known as the Green New Deal. That’s $200 more per month for this initial economic/energy “transition” moment.
That extra $200/month equates to $2,400 per year.
That $2,400 per year is static economic activity. Meaning nothing additional was created, and nothing additional was generated. The captured $2,400 is simply an increase in the price of a preexisting expense.
Take that expense and expand it to your community of 100 friends and family households. The $2,400 now becomes $240,000 in cost that doesn’t generate anything. $240,000 is removed from the community economy. $240,000 is no longer available for purchasing other goods or services within this community of 100 households.
The economic purchasing power of the 100-household community is reduced by $240,000 per year.
Take that expense and expand it to your county of 10,000 households. Now you are reducing the county economic activity by $24 million. In this county of 10,000 households, $24 million in economic transactions have been wiped out. Meals at restaurants, purchases of goods and services, or any other spending of the $24 million within the county of 10,000 households (approximately 25,000 residents) has been lost.
Now expand that expense to a larger county, quantified as a mid-size county, of 50,000 households. The mid-sized county has lost $120 million in household economic activity, simply to sustain the status quo on electricity rates. Nothing extra has been generated. $120 million is lost. The activity within the county of 50,000 households shrinks by $120 million.
Expand that expense to a large county of 100,000 households, and the lost economic activity is $240 million.
Expand that expense to a small state of 1 million households (2.5 million residents), and the lost economic activity is $2.4 billion.
Expand that expense to a state with 5 million households (approximately 12 million residents) and the economic cost is $12 billion in lost economic activity unrelated to the expense of maintaining the status-quo on electricity use. This state loses $12 billion in purchases of goods and services, just to retain current energy use.
These examples only touch on household expenses. The community, county and state business expenses for offices, supermarkets, stores, etc. are in addition to the households quoted.
Meanwhile the Gross Domestic Product (GDP) of the community, county and state, remains static because the GDP is calculated on the total value of goods and services generated in dollar terms. The appearance of a static GDP is artificial. In real Main Street terms, $12 billion in economic activity is lost, but the price or increased value of electricity hides the drop created by the absence of goods and services purchased.
Fewer goods and services are purchased and consumed. However, statistically the inflated price of electricity gives the illusion of a status quo economy.
Now expand that perspective to a national level and you can see our current economic condition.
All of this is being done under the justification of “climate change.”
Previously I would have said this level of economic impact in Europe would lead to a total revolt against the government. However, with the backdrop of the recent COVID lockdowns and government control mechanisms in mind, and looking at the citizen compliance that took place in response to those government mandates, it is now more likely the citizens in Europe will simply bow to the energy control mechanisms of the governing authority.
It’s almost as if the COVID compliance effort was the test…
Russia Winning is a feature not a flaw. Its the only reason why Putin agreed to the globalists offer to fake an invasion of Ukraine to facilitate the entire scam.
Just can not by your assertions, and the lack of any objective signs you can point to, to “back up” such assertions doesn’t help.
What have we learned about manufactured hoaxes since the manufactured covid hoax?
What have we learned about the people who manufacture them?
Why hasnt Russia finished of Ukraine months ago?
You waiting for an official announcement?
Agreed Dutchman, especially for someone like myself who’s watched Ukraine since 2014.
I do love that no matter the sanctions being placed against Russia, they still blame Russia for the EU and their idiotic fiscal policies by keeping their interest rates at zero since 2014, only now raising them.
My advise… Stay away from European bonds, investors do!
Soon, Russia will be out of weapons. They will be forced into buying them from Ukraine.
Or the Taliban
What makes you think that has not already indirectly happened?
With everything this country and other countries sent in the form of military hardware has gone missing one has to wonder where it went too.
Russia most definitely confiscated some and I would be the main bulk of it is in the hands of terrorist who will soon use it on our children just like fast and furious.
LOL. And wrong.
Just not going to happen.
They are floating on an ocean of raw materials and extremely cheap energy.
They are for all practical purposes self sufficient, and manufacture virtually every armament within its own borders.
They are a net weapons exporter.
We on the other hand…
Sure…ok….
I do believe that has been an ongoing “line” since March.
Whereas our munitions supply and that of EU and NATO is already seriously running low.
Many articles out there about it. Speeches by NATO and EU leaders.
Recent joke from Russia I read—-
Thank you for the weapons and ammo- but you need to find different couriers the Ukronazi ones keep dying.
They all need to put their egos in the closet get out their big boy pants and put them on….
Sit down and negotiate for peace.
P.S. only 30% of weapons and ammo make it to Ukraine troops. The rest is sold on black market.
The problem, specially for the UK, is that they are in for an existentialist threat with Russia and BRICS.
The World is seeing how the “control” the London markets hold over money, precious metals, insurance, etc… is fake. They can be easily bypassed.
All the institutions of financial control drawn up by the bankers and money changers in the West, including the US, are solely built for the private wealth of a very small class of oligarchs, not for the people in the West/World.
Once the Russians told the EU/USA to stuff it and rev’ved up BRICS-II -after the Trump hiatus- and created a bipolar World, the Brits found themselves in a fight for the lives of their elites.
IMHO, a bipolar, multipolar World is much safer… no more constant hegemonic wars, no more parasite monsters like Soros, WEF/Klaus Schwab, Davos.
Does anyone think that the Russians cannot manufacture weapons?
Aptly naked ,any proof ?
The evidence is everywhere if we use some common sense
Total BS. Russia was asked by Lugantz and Donetsk to protect them against the March 1 Ukrainian attack that was being geared up. Frankly, if idiot politicians in the west had not sanctioned Russia in an attempt to keep their cash cow called Ukraine, in operation, there would be no energy crisis.
Ukraine is not holding back the Russian military. Nobody is because there is no need to.
The Russian military is adhering to its military plan, which initially was protecting the Donbass. Ukraine was ready to negotiate in March, and this would have ended….except that Boris Johnson and Ukraine’s western masters told them not to negotiate. So, instead, Russia will now go towards Tranistria, take Odessa, and make Ukraine a rump state. Thanks to western advice. And the EU will freeze this winter, thanks to western advice, as well.
Putin is no dummy. Unlike POTATUS.
No, he was given offer he would be stupid to refuse. Once in a lifetime opportunity provided by the Build Back Better crew.
Its not everyday a fake president is installed for the purpose handing over a nations sovereignty to a globalist government.
MS for all the assertions you have made over the last few months(some intriguing ones that I may even agree with, btw), your last effort contains absolutely nothing rooted in fact.
If your rich interior world includes denying reality, as part of some mechanism to cope with external facts, then my apologies, by all means please proceed.
It requires little effort to state the obvious and someday one of your approved fact checkers will give you permission to believe it too.
FACT: Ukraine is not holding back Russia. lol
How long until they drag the EU political class out of their Govt building and butcher them in the streets?
Like an avalanche or landslide, it happens i-n-c-r-d-i-b-l-y,….s-l-o-w-l-y,……and then,….
all-at-once.
That it will happen is, at this point inevitable, and those pompous elites, like those who laughed when PDJT tried to warn them, won’t see it coming until they mob is dragging them out.
Cold, hungry people can do desperate things, is certain, but somehow I believe the EU elites have a contingency in place to keep revolt at bay.
While it is true the ancient Roman empire collapsed, the Collesium stands to this day as proof the powers that be will do whatever it takes to entertain and distract the people.
I’m with Sundance, Covid compliance was the test.
Benito Mussolini hanged from a tall lamp post.
Euros are like that… sheep until they will take no more and then they get very, VERY angry.
Think of the Coliseum as the tool the Roman Emperors used for years to keep the Romans happy… sort of like Western Europe post WWII.
But the Roman Emperors always thought of their citizens, if only to keep their heads on their shoulder.
The current crop of Western Oligarchs have gone bonkers. I got a feeling they know $%%^ is coming their way and are in a hurry to get as much in their pockets and hide in their bunkers before the ^*^^ hits the fan.
Like Sri Lanka?
Funny thing, the protesters who threw out the President of Sri Lanka didn’t even have guns, much less an F-15.
I’d rather get blown up by F15 than hacked to death by machete.
Don’t know, but I sure hope they live stream it.
Lookout for French citizens revving up old guillotines for arrogant, corrupt French elites.
As short as warmonger Macron is, many French might see him as still a head too tall after a few frozen weeks.
EU, this winter’s Frozen Chosen…
PAY PER VIEW?
Just 12% of gdp. Haha try 60.
Just read something that Europe basically has no zinc or aluminum.
So even if you can keep some of these manufacturers going with high electric costs, what are you gonna manufacture with? Soap?
What is the difference between Europe and the Titanic?
The Titanic still had lights on when it sank.
Now that is funny……………..
And the band was playing!
Second line of story: EU GDP must be $17 trillion (not billion).
Euro math (worse than common core), read that French frogs are going to put all their nukes back on line starting in Oct.
Article said 32 units are off line, going to have them on line by winter, catch is they doing 1 a week.
Euro math at it’s finest.
Maybe France moved southern hemisphere?
This is on the low end.
Every commodity, every meal, every trip, depends upon that energy.
Very likely the cost will be 2-3x’s of the current ‘feel good’ estimates, as usual.
Aluminum is about the most energy intensive commodity. From mine to metal it will take a range of about 15 to 20 kWh/kg of metal to produce on-site. If you include the energy losses for various power production and transmission (coal, hydro, gas, nuclear, etc.) the total energy use could be as much as double the on-site value. If you think about it, aluminum is fairly cheap when power from a hydro plant is used at 5 to 10 cents per kWh, but recent forward costs in Europe have been in the $1000/kWh range. That’s a 10,000 times increase. Now apply this to everything produced in a modern society.
Europe’s problem is the complete loss of Russian gas. The US’s problem is a 2 to 3 times increase in the cost of petroleum products due to Obiden’s energy policy causing the bulk of our 8 to 10 percent inflation in everything else. As shown above, the good news is that it can get worse, and probably will.
Ah, but it’s for a good cause. /s
Didn’t the real President try to warn the Europeans about this?
Yes at the UN.
Then the camera pans to the German Delegation of a half dozen grinning dunces and they are all laughing at Trump’s pronouncement of relying on the Russians.
Many times, and very specifically.
They literally laughed at trump when he questioned why the euro leaders would put their lives in the hands of putin.
US energy was readily and steadily available at low prices.
There is no prosperity without cheap energy.
States have to balance their budgets, so do cities and towns, and so do schools. Look for them to come to you with their hands out much more often than before. Then you can spit i their face for the theft of the 2020 elections and their inaction or illegal actions thereafter.
Tell them it is time to start cutting the dead wood and we know there’s always a lot of that.
This was totally avoidable. First, Zelensky and his pre ” war” shelling of Donbas should have always been condemned ( here too) and this green crap should never have been allowed to occur. This is the WEF thinning the population, Sri Lanka goes to Europe.
And yes I know itbdlso predated ZDogg. But he did promise to make peace. Not escalate.
“When you suck 12% of the purchasing power out of an economic engine simply to maintain the status of current energy use, everything else starts to collapse.”
It is unfathomable how our standard of living survives what is coming. We have lived modestly and saved for our future but I don’t see how we can survive the collapse living here in California. My family is divided literally down the middle, with half wanting to remain in the land of our ancestors and the other half, which I am in, preferring Texas.
No matter where we are it will be tough, but at least in Texas people know how to take care of themselves. Here in California everything feels like a shakedown.
Estimates are that 70% of British Pubs and Restaurants will close permanently.
We are watching the end of an era, much as my grandmother did 100 years ago.
A pint in London now £24. Pubs can’t sustain that.
Thank goodness we have Google to check that c****
I saw on the TV tonight that a 1200 year old pub was experiencing great difficulties with its utility bills. Such a shame. I hope it makes it.
Texas did put 30% of their energy future in the hands of the greenies and renewables, remember that.
ha ha ha ha ha. Love from California!
Knowing how to take care of ourselves here in Texas depends on where you go, but a lot more of my neighbors are paying attention & beginning to hold our local politicians accountable. I recommend staying towards the outskirts of any big city. They’ve got their bail-reform problems to deal with among other things.
This will be dramatically magnified with the “transition” from fossile energy to “renewable” energy… you can take this to the bank.
Our leaders are leading us to a new Dark Age. I’m glad I’m nearing the end:
“Now, Master, you let your servant go in peace.”
As for the Woke they’ll double down.
There can be no prosperity without cheap energy.
Renewables are not ready and not cheap.
Italy elections Sept. 25, 2022.
The “right” was already predicted to make significant gains, this only reinforces the trend.
Italexit is “in the works”, with an affirmation that Italian Law supercedes European Union law a certainty, as a first step.
These “alt-right” parties, just like with MAGA are being painted as fascist, etc.
Nothing like having the Government steal your wallet, to clarify things.
If Italy DOES go full EU exit, that alone probably spells the collapse of the EU.
Factor in experiencing the results of these crazy policies both green and Ukraine, and we may well see the elites being tossed our windows, before its over.
Don’t know that Italy leaving the EU would even happen soon enough at this point in time. That said, I read an article earlier where Pelosi is supposed to want the Ambassadorship to Italy should the D’s lose the House this fall into the new session. That is interesting given the Ukraine disaster of these past many years.
I’ll see if I can find the link to that article.
Here is that link:
Nancy Pelosi Eyes New Job Sources Say, Her Office Says No (conservativebrief.com)
The R’s will take control just in time… to be blamed for the economic disaster tsunami on the way…
They can give Nancy the same treatment as Benitos mistress
The EU was sold as an economic union only. It was never presented to those countries voting on whether to join or not that for those who worked decades to make it happen the ultimate goal was for a political union. Which was what happened.
I remember vividly when the deed was done. I was living in Wales. And we watched slack jawed as every country celebrated the eradication of their sovereignty on the night with fireworks and the playing of “Ode to Joy” from Beethoven’s Ninth. Oh how exuberant everyone was.
Until the full effects of this monstrous entity started taking effect. We said at the time that while it might not happen in our lifetime, this “union” would never last, that eventually nationalism would win out because of the tyrannical and authoritarian nature of those UNELECTED leaders who led their own countries down a flower strewn garden path in order to completely subsume them. And so it has been.
One day those countries, led by the people who were unforgivably hoodwinked, will regain their sovereignty and the pride in their cultures and history. I stick with my prediction and pray that it will happen.
And, by the way, ever since that celebratory night, I can no longer bear to hear Beethoven’s Ninth Symphony. Hijacked…just as those European countries were for purely malevolent self enriching political purposes.
Italy is a beautiful country, as are the people. I seriously consider(ed) retiring there until these last few years have shown me not-to-do-it.
I hope for the people and their national sovereignty to take hold. I merely mean the economic collapse is inevitable, nothing derogatory to the people or their desires to be free of the EU.
A wise decision, Phflipper. Italy is not Italy anymore and is becoming more so every day as half of Africa is “migrating”, who have no affinity for a Christian country or its heritage.
I think of all the beautiful museums, the paintings and the sculptures…all of it…in jeopardy from Italy’s decline. I’m sorry things have progressed to such a state that you couldn’t /wouldn’t be able to follow through on such lovely retirement plans.
We can only pray for those people for whom real winter hardship, both physical and economic, seems unstoppable.
Beethoven’s 3rd.
Napoleon will win over the EU and boy Macron.
Look how long it took for Brexit and it wasn’t a full, complete job. I bet Italy will economically fall (with the rest of the EU) long before they get Italexit signed, sealed and delivered.
Italy has been a canary in the coal mine, as has all of Southern Europe which depends on the beneficence of their sister Northern EU members.
But so also is the first canary…Greece. Which is now staring down the Turkish threat of invasion.
None of the glorious future promised by traitorous men who constructed the EU has come to pass. In fact just the opposite. The seams are coming apart. I still believe it’s just a matter of time before they give way.
Yes, Dutchman, I too have read Italy has one foot out the EU door, but I’m not sure they can run out before the collapse, which is inevitable. Reading in from a few very reputable sources.
The ending of the movie ” Three Days Of The Condor ” , is becoming reality.
Listen to Mr. Higgins very carefully.
But the $2400 extra some libtard in MA or NY is paying will go into the pockets of oil and gas shareholders, and their workers in Texas, Louisiana and Oklahoma. Which is just fine.
The real problem is that the 3 Liquified Natural Gas (LNG) ports are sending billions of cubic feet of gas overseas every day. When a single LNG port was shutdown the price of Natural Gas fell by 20%. You and I will be paying triple the price to heat our homes, because we are bailing out Europe for decades of bad Energy Decisions.
AND, the Chinese are attempting to secure a 20 year contract for TRILLIONS of cubic feet of US natural gas.
And with his 10% cut, the “big guy” could become a multibillionaire.
There should be little to no exports until America’s energy needs are guaranteed and secured. With a healthy buffer.
Look on the bright side, Europe.
You won the propaganda war.
Too bad the Russians are winning the physical one.
According to PJMedia the Ukes are winning! Instapundit – Ukes winning! Ugh…
Lmao totally right what morons
UK Pubs closing over the cost of a Pint is going to get worse, lot of print about energy cost and closing, and it’s coming this way.
Losing their country to invaders won’t get them riled up, but closing pubs is the last straw!!!
A Pro Note for those paying closer attention:
The Petrodollar is now in increasing peril.
The collapse of the Petrodollar will make this Euro Energy thing look like a spring picnic.
I’ll place my bets on the ‘Angry, Tired, Cold, Sleep Deprived, HUNGRY, BROKE, citizen of any country over the Cabal.
POWER IN NUMBERS (we the people); this anger will reach levels never before seen.
The Elite should be very concerned, they’ve pushed too far, too fast.
GODSPEED PLANET EARTH.
They pushed too far doesn’t matter the speed!!! No energy, no food and the proletariats will be happy is a losing gambit!!!
“I’ll place my bets on the ‘Angry, Tired, Cold, Sleep Deprived, HUNGRY, BROKE, citizen of any country over the Cabal.”
It’s not going to be pretty.
Isn’t is interesting that the geniuses who want to dictate our every thought and deed either were unable to forecast the effects of the sanctions before starting them, or saw disasterous results and proceeded anyway. Was “hope” their strategy? Or was Economic Disaster a feature?
Questions: Did they have projections of the economic effects beforehand? If so, let’s see them. Congress and Senate – how about you demanding to see them?
Were the projections accurate? If so, why proceed? If not, why? Incompetence? Why should proven incompetents presume to rule others? A lot of clowns need to get off the world stage.
They have projected the end of our world for decades from climate change. So much for their scholarly projections on anything!
Putin played it well.
Made his move while democrats shutting down US oil and gas.
Only way he could have moved on the ukraine with out being destroyed
Considering Europe is starting protests/having public displays of burning energy bills, revolts might actually happen.
More importantly, the destruction of production/manufacturing on the world will be ENORMOUS.
Europe (EU) is so Farouked. They did it to themselves.
Not to worry, Joe will commit a trillion or so of our future tax dollars help out a few friens
How do we stop our government from giving away our assets?
I think that horse left the barn a long time ago.
Elect Donald Trump for the 3rd time
4 sure. OK how do we slow the rats from giving our assets away?
When it becomes inevitable, watch them admit that he won the 2020 election & is unable (by law) to seek a third term!
“Let’s say you are an average USA Main Street household with an income around $100,000/yr, and you now face an increase in electricity rates from $300 to $500 due to Joe Biden’s new national energy policy known as the Green New Deal. That’s $200 more per month for this initial economic/energy “transition” moment.”
It’s even worse.
“The median household income for the United States in 2020 was $67,521, according to the latest data available from the U.S. Census Bureau’s Current Population Survey.”
https://www.creditkarma.com/insights/i/average-american-income
The average may be $100,000, but the median ($67,521) is a better indicator.
Biden will print USA money to burn to help keep Europe warm.
Who’s going to buy all of the junk from Chyna?
This appears to be what FJB meant by a Dark Winter. Couldn’t be more deliberate.
Here in Texas we are much better than many states. Initially we saw a jump of 10% in prepared grocery store salads, but not so much eggs, or milk. Meats started up but are back sliding as is coffee and other luxury foods. As Economist say – lots of “substitution” going on. Also, our energy bills are still ok.
Meat price slides are temporary.
Most heffers going to slaughter since 1980.
Lower calf production coming.
Re: Europe and Russia
Germany and the other economies are screwed, of course.
They are feel anything that happens, first.
Whats Germany gonna do?
Subsidize energy costs? That’s inflationary.
Remove the sanction? That’s gonna cause major problems with NATO and the US
Attack Russia? That’s WW3 in the flesh.
Germany said no more weapons to the ukies, they need them for themselves.
I would be lying if I said I wasn’t enjoying this. The schadenfreude is off the charts
European citizens might possibly start wondering why they are subsidizing the bills of their imported neighbors when they can’t even afford their own. Nah.
My electric rate has been the same for the last 2 years ago at $33/month for service and $0.108 per KWH. I guess I’m lucky.
Mine is 6$/mo for service and $0.0801/kwh. Guess I’m lucky too.
And it hasn’t changed in years.
10.8 cents/kWh is a good price.
I pay 14ish in Southern Oregon
Anybody from CA want to chime in on the kWh costs today?
Sure, here:
$12 /month minimum for service, plus $0.50/kw from 4pm to 9 pm, rest of the day is $0.3/ KW.
With Edisson, Sourher CA
Holy chrimenutly!
How can anybody afford to live there?
Trust the leftists they said! Everything would be fine they said…
Anyone who was alive in the US in 1973 saw this coming like a long, loud freight train in the middle of the night.
All Americans must prevent our rogue Government from providing these idiots another Marshall Plan, at our expense.
The self-inflicted economic collapse of Europe is Europe’s problem. Only the pain of it will wake them up to make the necessary ‘regime change’ there.
How do we stop the rats from giving away our assets?
By the end of WWII the US was firing on all cylinders, an industrial production giant, churning out a massive volumes of diverse products.
It was a different country.
I agree, let them pay for their own green folly.
1914-1918 The Great War
2022-???? The Greta War
And tourism will crash too.
To the WEF delite
When the Great Unwashed turn against the elites, Soros and Schwab should be hunted down and dragged before the people. It’s time they pay for this idea that they can and will control the world population.
Make sure to get Soros kid too.
Kids.
These people are the designated scapegoats. The people hiding behind them (banking families?) need to be dragged out of their bunkers and palaces and made to face justice.
No need to worry. Too big to fail. The EU will put price caps in and print more stimulus.
The party is over.
Yup. This is potentially far worse than Russia turning off the gas.
Once the Saudis start taking alternative payment currencies, bar the door.
There won’t be enough lamp posts in the West when that happens.
China has been bribing the Bidens, rinos and rats for years but once FJB got in the WH its taken a shockingly short time for it to work.
India also.
My guess is ChiCom Joe will commit to send more of our natural gas and oil to the Euroweenies so that us We The People have even less energy!!! America last once again!!!
Dutch and Canadian farmers will lose everything! Their politicians are going to slam dunk them and the energy costs will bury them forever.
Not sure about the Dutch and their landmass makeup, but up here in Canada, there are increasing rumblings etc. about the West separating from the parasitic East.
Hope to see it come to fruition.
Calm down … calm down … this is simply the “transition” to a clean, green, energy future! These $Trillions will be “invested” in more windmills and solar panels. And as a BONUS … it will kill of consumerist Capitalism and usher in a beautiful future FREE of ownership … and full of happiness.
Right? / EXTREME sarc.
Reality ALWAYS follows fantasy.
Now comes the pain.
“You can have this copy of The Communist Manifesto when you can pry it from my blue frozen hands.”
– European catchphrase circa 2022-23
SchadenFrozen
I like it.
It is impossible for the price of electricity to jump this high unless it is engineered to do so. Guess they had better restart their nuclear plants.
What a concept, make your own energy. If they won’t then it’s their choice. NO HELP FROM US.
How stupid do you have to be to believe you are saving the planet by not manufacturing your own energy and buying it from somebody else. Germany is more stupid then the US, but we are doing the same stupid thing. Meanwhile back in the rest of the energy production world, China and India are doing nothing but crank out more and more energy, coal plants, pollution, and CO2. Gov Gavin Nuisance is definitely trying to save the planet here in California, I wish he’d change political religions, get a clue and stop working for the WEF! Traitor.
You know, this article was going well until the last few lines. Here’s the question I want answered in light of statements such as “It’s almost as if covid compliance was the test…”: Just exactly what are we the people supposed to do about this and don’t you dare say “vote”. Even the 2A people must realize that before they get out their pop-guns and start a real insurrection, they would need communication to organize and all of our communications are monitored. Should there be a way around that problem, then consider how long the insurrectionists would last against heavily armed helicopters and night vision. I truly want to hear from anyone with a valid strategy to end the madness.
Frankly, there is no strategy to end the madness. Job said it best, the earth is given into the hand of the wicked…
Live a good and Godly life. Call on the name of Jesus, accepting him for who he is, the Lord. His peace is the answer, not that of the world.
Violence is what the Biden regime needs to survive (see the provocation he tried to instigate with his Red Dawn Speach. WE WON’T GIVE THEM THAT PLEASURE.
Scary but most likely accurate.
Call me Nucking futs,
Good vs Evil
The Cabal vs Trump (WE THE PEOPLE)
Could it be, this crisis;
is to bring EARTH…
Tesla.
FREE.ENERGY.
Well……the EU “government” go on about not having hot showers.
Where, pray tell, is the water going to come from to begin with? Water treatment plants use electricity as well.
Who do we thank for this outside of the social, broadcast, cable, print, entertainment media?
John Kerry, Greta Thunberg, Merkel, Al Gore, for promoting the green energy scam.
Joe Biden.
George W. Bush & John McCain, Mitt Romney, Mitch McConnell, Paul Ryan for their secret support of green new deal and for helping elect Biden.
It is real simple. While greenhouse gases may be a growing problem, the cure is worse than the disease.
“greenhouse gases may (or may not) be a growing problem
Is there any clear and honest science on this subject ? No.
Made in China stuff, built on the dirtiest COAL-based energy comes into Europe, Canada and the U.S. without any environmental conditions.
We have been told by the climate change “scientists” that the oceans will rise due to melting glaciers. If that is an impending problem, then look at Tiki Island in Galveston Bay. It sits at zero feet in elevation, so the hundreds of residents there would be the most concerned by the onrushing rising tides. But no, there are no great efforts to mitigate against the rising seas at Tiki Island. That is because those rising seas are a fantasy. There is no climate catastrophe expected at Tiki Island. The hundreds of homes there are perfectly safe.
I own beachfront property. Am I the least little bit concerned about the rising tides caused by the melting glaciers? BWAHAHAHAHAHAHA! Don’t be absurd.
Plymouth Rock is not underwater either.
au contraire – leaders are involved in the massive attempt to take over this country –
as long as they get their money to hell with everyone else
anyone with half a brain know what is going on and
that includes our politicians – it is all done on purpose
by those in our own government – the WEF are
fascist fools, but they only supply the blueprint;
our corrupt politicians elect to follow it because
there is money and power for them
Exactly, they will be the rich ruling class, and everyone else will be peasants.
Greenhouse gases IMO is another myth. Or lie.
The GOPe are in on it. Thst is why it is crucial to vote for MAGA Conservatives now and in November.
And they are infiltrating the US. Why is the World Economic Forum in Missouri?
https://www.semissourian.com/story/2962023.html
https://www.globalshapers.org/
Cape Girardeau, Missouri is home to one of the World Economic Forum’s newly-formed hubs of its Global Shapers Community.
The small town of Southeast Missouri is hub No. 481 in the world.
Global Shapers Community’s mission: “We believe in a world in which young people are central to solution-building, policy-making and lasting change.”
“If there was ever a time in which strengthening local communities and empowering youth leaders were paramount, now is that time,” said Klaus Schwab, founder and executive chairman of the World Economic Forum and the Global Shapers Community.
Here’s the WEF foot soldier’s reasoning:
Awareness started with Kalyan Gautham, age 31, who relocated to Cape Girardeau with his start-up, WATT, recipient of last year’s 1st50K from Codefi. It was always his passion to connect with globally-minded people and joining Global Shapers in Bangalore, India, changed his world.
“I would travel the world as a business consultant and be immediately welcomed into vibrant communities through Global Shapers, all seeking to make a difference,” Gautham said.
When relocating to Cape Girardeau, Gautham learned the Global Shapers community had yet to start a hub in Missouri. The closest chapters are in Nashville and Chicago.
Missing the caused-based camaraderie, Gautham explored starting a hub, literally putting Cape Girardeau and Missouri on the map for World Economic Forum and Global Shapers.
“Having lived in the UK, Dubai, Manila, Hong Kong and Singapore, I have always been involved in social initiatives through Global Shapers, contributing to a greater cause,” Gautham said. “For me, members of Global Shapers are like family. And I wanted to bring that experience and opportunity to Cape Girardeau.”
It was a challenge for a city more rural than others in the network. To succeed, Gautham knew he needed help. Enter Courtney Cannell.
Cannell relocated to Cape from Portland with her own startup opportunity. Having lived abroad in Ecuador and Peru, she also worked for the government of Spain on immigration issues and with U.S. Senator Jeff Merkley in Oregon, which were precursors to her move to Cape and quest for a cause-based community.
Working for a WEF demo-fascist Senator pure WREF YGL pro-type.
WEF YGL spell check gone hay wire.
Rush cannot be happy to see his hometown so desecrated.
Hmm, why is world traveling Gautham, relocating to small Missouri town of Cape Girardeau and then Portland Or resident Cannell relocates to Cape Girardeau for a “start up “ opportunity. No one and I mean no one from Portland OR is going to move to small town in southern Missouri without being paid to do so. I live in Missouri and I feel like we’re being invaded by pod creatures. Best to sleep with one eye open from here on out.
Has Greta chimed in indignantly with her solution to the problem?
Greta has just discovered boys and is trying to find if that thing can be worn out.
how dare you!
You mean AOC didn’t come up with this brilliant plan?
/s jic