As the multiple crises in Europe deepen with no sign of relief in sight, Oriental Review comments that the ill-considered sanctions against Russia, far from achieving their objective of pressuiring Moscow into ending its war in Ukraine, have exposed the deep rooted problems of the European Union which is rapidly approaching economic collapse.
Without offering any evidence in support of its allegation the article states that a large number of businesses are on the verge of bankruptcy.
There is some truth in the article of course but the problems began long before war broke out in Ukraine. The continuing influx of of illiterate, unemployasble immigrants from Africa, the Middle East and Ukraine is pushing government spending ever higher spending and causing unsustainable tensions in European societies as the newcomers refuse to abide by European laws and civilised standards of behaviour.
While this is going on, vast amounts of money are being thrown away in supporting the neo - Nazi nutters of the Kiev regime in their hopeless war against Russia. As a result, Europe’s economies are contracting at an alarming rate and living standards are plummeting.
In Britain many small businesses are stuggling due to higher energy costs according to a report from the analytical group Make UK, represents the interests of British manufacturing industry. 13% of British factories have reduced working hours and 7% are considering temporary shut downs temporarily closing down. Energy costs have risen by more than 100% compared to last year and all this has come while businesses were still trying to recover from the disastrous effects of the COVID panemic and associated lockdowns.
The increased
cost of gas, heat and electricity has already caused a sharp
rise of prices of energy resources on the European market. As a result,
energy bills of European households have increased. According to Goldman
Sachs’ analysts, its cumulative cost will peak in early 2023,
increasing by 2 trillion euros. It has also led to a record depreciation
of the European currency over the past 20 years.
In Germany the Leibniz Institute for Economic Research reports the number of firms and individuals went bankrupt in August alone rose 26% compared to the same period last year. The figure was significantly higher than German analysts had predicted. According to experts the number of bankruptcies will only increase as we move into winter. This is connected with the increase of the cost of production processes, in particular with the rise in prices for energy, and supply chain problems caused by lockdowns.
Olaf Scholz, Germany's hapless chancellor acknowledged that many Germans faced with rising prices for fuel and food are struggling to make ends meet. The situation in Germany is exacerbated by the curtailment of gas supplies from Russia, and by food shortages Most countries in Europe are in a similar situation but the ruling bureaucrats of the EU are prepared to sacrifice quality of life and economic prosperity in order to continue their efforts to wage economic war on Russia and to advance the self destructive, loonytoons energy policy in pursuit of the Green blob's dream of 'net zero.'.
In spite of all this EU leaders continue to supply Ukraine with military hardware, ammunition and financial aid, even though many experts believe should Russia decide to shut down the Nord Stream 1 pipeline completely (it is currently running at only 20% of capacity,) this will cause Europe’s worst energy crisis since World War 2.
Attempts by EU leaders to introduce a price cap on energy from Russia have completely failed.
Manuela Schwesig, state premier of Mecklenburg-Vorpommern, and Markus Söder, state premier of Bavaria, visit a site that will feed an existing pipeline network with liquefied natural gas in Lubmin, Germany, on August 30, 2022
Swedish Media Outlet Publishes Leaked U.S. Document On How to CRUSH Europe Economy via Ukraine War Effort
Swedish news organisation Nya Dagbladet has published a leaked top secret US plans to use the war in Ukraine and an induced energy crisis to destroy European economies.
The report claims the RAND Corporation a defence and foreign policy think tank founded by military aircraft maker Douglas has the official aim of improving policies and decision-making, is the source of its evidence.
Has Putin Has Pushed Europe Into Economic Depression, Hyperrinflation and Currency Collapse?
Though it was entirely predictable and indeed had been expected for some time, the news over the weekend that the Nord Stream 1 pipeline which feeds gas from Russia to northern Europe via The Baltic route had been shut down completely by The Kremlin in retaliation for the continued financial and military support given by NATO and EU member states to Ukraine in the conflict with Russia. The European Commission, governing body of the EU, immediately put the community on something close to a war footing, ...
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The True Cost Of The Green Energy Boom Is Now Being Realized
For four decades we have been fed a constant stream of propaganda assuring us that green energy was the only way forward if we wanted to secure supplies of the energy essential to a modern society while preventing the environmental catastrophes that would be the inevitable consequence of climate change caused by the Carbon Dioxide (CO2) emitted by human industrial, commercial and social activity. ... Continue reading >>>
Do We Have A Winter Of Civil Disobedience Ahead?
As many people in Britain slap on the apres sun gloop in the wake of what passes for a heatwave in these cool cloudy climes, our inept politicians caught with their pants down by unusual weather as usual have heard that that winter is coming and are making plans for a coldwave.
We are in the grip of an energy crisis at the height of summer. Last week, it was reported that the UK government is laying down plans for a “reasonable worst-case scenario” including blackouts for industry and even households. And this is as energy prices spiral out of control to new records every day.
The Truth About Coal And The Lies Of The Elite
So much for all the COP 26 banter late last year. Let me remind you. The elites all flew in on their private jets and promptly told us we’re all (royal we) getting off fossil fuels and killing coal.So how’s that turning out?
The usage of coal is now at record highs:
Britain is Breaking Down; The Economy Is Struggling, Living Standards Are Falling, Institutions Are Failing
Successive governments have brought Britain to its knees.This article will focus on Britain as representative of the general malaise that is afflicting almost all the developed world. Our current crop of politicians have discarded the resources that brought the country out of the post war decline ... In spite of being rich in energy resources Britain is now in an energy crisis, our leaders have sacrificed prosperity on the altar of Net Zero, committing the nation to our reducing our 1% contribution to harmful emissions still further ...
The UK government is putting plans together for days of organised blackouts this winter, in what they call a "reasonable worst-case scenario" for energy shortages, according to reports in manstream media. Naturally they are blaming this on the embargo on importing gas from Russia but in reality Britain has never imported any more than a small amout of its gas from Russia. The real reason politicians and energy company CEOs are panicking is entirely due to their obession with obtaining all our energy from intermittent sources like wind and sunshine ...
"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off
Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again.
If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.
Is Russia Selling Its Oil To The World Through An Obscure Egyptian Port?
As this blog predicted when NATO and EU member states shot themselves in the foot by reacting to Russia's invasion of Ukraine with sanctions that prevented Russia from selling oil, gas and vital raw materials to the countries that needed them most, the NATO and EU member states, the Russians have had no problems finding alternative customers for their gas and oil and no problem getting oil into the world's commodity markets through the back door.Has Putin Has Pushed Europe Into Economic Depression, Hyperrinflation and Currency Collapse?
Though it was entirely predictable and indeed had been expected for some time, the news over the weekend that the Nord Stream 1 pipeline which feeds gas from Russia to northern Europe via The Baltic route had been shut down completely by The Kremlin in retaliation for the continued financial and military support given by NATO and EU member states to Ukraine in the conflict with Russia. The European Commission, governing body of the EU, immediately put the community on something close to a war footing, ...
Continue reading >>>Jingoistic Western Triumphalism Will Not End The War In Ukraine Or Cripple Putin, But It Is Crippling Western Nations
As the war in Ukraine grinds on and Russia steps up its economic war against the west and in particular The European Union, claims made recently by the idiotically 'woke' leaders of Europe's main economic and military powers that the West has a once-in-a–generation chance to severely weaken Russia’s capabilities, both militarily and geopolitically, look increasingly hollow. Putin's critics have cited 'Western unity' as one of the main reasons why Russia will be economically destroyed and politically humiliated when the Ukraine's military finally claim victory.European Union Is Again Close To A Meltdown As Eurozone Economy Collapses
Once more we return to the political instability and economic fragility of the European Union as the conflict in Ukraine combined with loonytoons Climate Change mitigation policies, the failure of 'sustainables' to meet ever increasing demand for electricity, fod shortages and rampant price inflation put economic and social pressure on governments of member states ...Debunked: The Great Renewable Green Delusion
The war in Ukraine has not caused the global energy crisis of early 2022 byt merely exacerbated it. Currently the nations currently in conflict with Russia over its incursion into Ukraine are those which are most dependent for their energy needs on Russian oil and gas. And now their loonytoons 'net zero' green energy policies have failed they are biting the hand that feeds them.Putin, Macron To Hold Urgent Talks To Halt Military Escalation In Ukraine
Even though the leaders of Ukraine itself are talking down the threat of war with Russia over the breakaway region of Donbas, America and Britain are still beating the war drums and demonising Russian leader Vladimir Putin. Russia insists they have no plans to invade Ukraine and one western leader at least, France's Emmanuel Macron, seems to be listening to messages coming out of the East European trouble spot...British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>Italy Pondering Total Ban On Unvaccinated In The WorkplacesItaly's unelected governments, which has already faced riots and massive resistance to its authoritarian measures to strip away citizens rights and liberties under cover of pretending their actions are necessary steps to deal with the pandemic, now risks plunging the country into greater chaos by mandating vaccines for the workplace.
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