Expensive impudents, pricey impudents,
“Rising fuel costs and interventions by numerous governments to help vitality corporations might set off an unprecedented disaster within the European vitality sector, just like what occurred with Lehman Brothers in 2008.
Finnish Finance Minister Mika Lentela and Germany’s Financial system Minister Robert Habeck offered bleak forecasts for European trade, after the 2 nations offered tens of billions of euros in support to their nations’ vitality corporations.
Certainly, increasingly European nations are speeding to the rescue by providing financing by ensures or traces of credit score to keep away from the failure of vitality gamers who’re compelled to purchase fuel and “different vitality commodities at unsustainable costs.”. So says this put up from Reuters reported by Investing right here
Electrical energy payments should not payable to all financial actors, be it houses or in fact companies.
For monetary analysts, the danger is on the stage of vitality derivatives, furthermore, the European Fee is critically contemplating their suspension.
It’s a good suggestion to rush earlier than all of this blows up in our faces and destabilizes the whole monetary sector and thus the banking sector.
“There’s a threat, from margin calls, which, in keeping with Norway’s Equinor, quantities to $1,500 billion in European vitality buying and selling, that may require ‘sturdy liquidity help’,” Helge Haugane, Equinor’s senior vp for fuel and vitality, stated in an interview.
As we collapse below the issues to be solved, Russia is amassing 158 billion euros from the sale of its fuel.
An exquisite results of sanctions in opposition to Russia or the story of water spraying.
I am not telling you that in Russia every little thing is okay, however the Russians might be heat this winter even when their nation is chilly, so as a substitute of driving in Renault automobiles, they’re now driving Chinese language automobiles that arrive in loaded trains. As a substitute of proudly owning Apple telephones coming from China, they’ve Chinese language copies. It could be a little bit worse, however as Macron says, you must know tips on how to pay for warfare, proper?
No person actually dares to let you know this, however in the intervening time the price of the warfare in opposition to Russia is bigger in monetary phrases for Western Europe than for Russia itself.
It will not be enjoyable, and so they’ll discover some idiots calling me “pro-Russian,” which is nice for them.
The reality is that we’re the cocks of the joke and if we actually need to win this warfare, we must do it in a different way, as a result of we aren’t successful. We’re weak economically and financially.
I let you know in any other case. We’re dropping the warfare, economically and militarily. We are going to solely take again Crimea on the expense of a nuclear third world warfare, which nobody needs.
So let’s cease the nonsense and militaristic chin actions.
Britain’s new Prime Minister Truss has decreed freezing English vitality payments earlier than they find yourself within the Thames which can price the nation’s funds £130 billion.
I nonetheless snicker about it.
130 billion euros is a little bit as if the state pays 130 billion euros in France whereas the full finances of our nation is 380 billion euros yearly!
Did you prefer it it doesn’t matter what the Covid price?
You should have the identical on the vitality, as a result of there isn’t any alternative.
On the European stage, this may price us not less than 2 to 3000 billion euros for all nations and derivatives and to protect the monetary system and stop it from exploding in our face.
We’re led by puppets, who will solely have the ability to compel us and pressure us to undergo from imperfection.
Consider your stock of cheap, energy-intensive items. This for instance is the case of bathroom paper (we’re heading into a brand new PQ warfare, so it quickly wears out), and all merchandise offered in glass bottles for instance.
It is already too late, however all just isn’t misplaced.
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