EU economic suicide

 

 

Moon of Alabama

Suicide is what European politicians have committed their economies and societies to. Who knew that one needs energy, as cheap as possible, to smelter steel, aluminum and glass?

No steel smelter, no taxes from steel smelters and their workers. No steel smelter, no payback of credit given to it. The big banking losses coming now will cause another severe banking crisis. Less money for the state means less pensions and healthcare.

This is ruinous for European states and their inhabitants. Meanwhile the U.S. politicians, neoconservative ideologist and money men behind the whole plan of using the Ukraine against Russia are laughing their asses off.

Germany is probably in the worst situation. Chancellor Olaf Scholz reacted to the Russia military operation with hysterical moralizing that was beyond any rationality. His government depends on the Green politicians in his cabinet. These are pigheaded ideological nuts. Germany, under severe threat of blackouts, will now decommission three perfectly fine nuclear power plants and restart dirty old coal fired power plants that were supposed to be dismantled. How Green is that?

Here is the how the president of Russia is seeing it:

Europe is about to throw its achievements in building up its manufacturing capability, the quality of life of its people and socioeconomic stability into the sanctions furnace, depleting its potential, as directed by Washington for the sake of the infamous Euro-Atlantic unity. In fact, this amounts to sacrifices in the name of preserving the dominance of the United States in global affairs.

The competitive ability of European companies is in decline, for the EU officials themselves are essentially cutting them off from affordable commodities and energy, as well as trade markets. It will come as no surprise if eventually the niches currently occupied by European businesses, both on the continent and on the global market in general, will be taken over by their American patrons who know no boundaries or hesitation when it comes to pursuing their interests and achieving their goals.

The next federal elections in Germany are three years away. One really hopes for some kind of coup but I see little movement yet in such a direction.

Where are the rational politicians who can take over?