Saving earth has been tossed out the window. It is a dead cause and a deadly turn for the worse for Mother Earth. The EU is planning to bring back coal fired power generation, indicating that their alternative plan for alternative oil and gas has fallen by the wayside. Under Angela Merkel, Germany even tried to wean itself off nuclear power generation, sensing the danger, and it was to be smooth sailing with cheap oil and gas imports from Russia to be enhanced by the construction of Nord Steam 2. That dream was ended by the USA for good. But now the EU is calling members to bring back coal and going back to square one.
For the EU, the problem with coal is the same as gas and oil from Russia. The EU openly and gloatingly sanctioned Russian thermal coal, so they now have to source for coal, mainly from the USA and Australia among others. Ukraine is rich in coal, but they are located in the East, now controlled by Russia. So near, yet so far. Can see but cannot take. Ironic!
Importing coal from USA or Australia, thousands of miles away, is going to cost the EU countries a fortune, just like oil and gas. Who is willing to pay such a high price? I am sure the EU citizens will know soon and it is going to hurt their pockets, not the politicians, whose only preoccupation is punishing Russia and is backfiring on all cylinders. It must be painfully obvious listening to their talk of lifting some sanctions on Russia, that the sanctions are hurting them instead. That reversal of sanctions will be a big tight slap on their stupid faces. They thought Putin will blink first, but that was sadly mistaken.
First and foremost, German, French and Polish industries are going to suffer the most, with some already talking about having to close shop. That means jobs will go, unrest will follow, and what do you think is next? Italy has fallen, protest have been ongoing in Canada and Holland, to be followed by the UK, but never mind, just keep it discreet on MSM and concentrate on Sri Lanka, Pakistan and China.
Wonder whether they are fooling themselves or trying to fool the world. Both are plainly cutting the nose to spite the face.
Anonymous
6 comments:
'The collapse of the international financial system is already well underway, its effects have, so far, not been fully felt, most definitely not in the USA and not even fully in the EU. Once the magnitude of this self-inflicted disaster become absolutely undeniable, not even by the Neocon-run “free press” things in the West will began to change politically.'
Full article at: http://thesaker.is/why-have-i-stopped-posting-maps-of-the-situation-in-the-ukraine-and-a-few-other-questions/
Now the USA is talking about rethinking the lifting of some tariffs on goods from China in the wake of China's response to Taiwan. Let not the USA thinks this is anything wise, or doing China a favour, knowing that inflation is still a grave problem in the USA with oil and gas not getting cheaper any time soon.
If they think that just raising interest rates will tame inflation, they have to be prepared for the consequences of high interest rates on businesses, mortgage payments, loans etc. A recession in the USA is already on the cards and apparently clear, but has been vigorously denied and repackaged by hogwashing it's definition, in order to fool the voters.
Moreover, it is not China begging the USA to lift those sanctions. On the contrary, China's trade surplus actually hit a record US$101 billion in July, 2022, despite all the gloom and doom forecast by the West about the consequences brought about by all those lockdowns. So, the propaganda does not fit the reality and China should care not little about whether the USA lift those tariffs or not. Let the USA talk to itself and pay little importance to it's game of contorted lies.
The irony is that the dull witted USA citizens do not fully realise that they are the ones paying for those tariffs imposed by the USA side. It is a tax on their side, clear and simple. This is made apparently clear now by the USA admitting that the tariffs are a factor adding to the high inflation in the USA. China is still having very low inflation by the way.
Trump had all along been claiming that the tariffs are meant to punish China unilaterally, by lying to his own people. Have Chinese exports been curtailed substantially? This July, 2022 trade surplus figures tells the whole story. China is exporting even more. And what can we expect if China were to dispense with all those lockdowns and go full steam ahead? Go figure it out. Now the cat is out of the bag and who is bearing the punishment is abundantly clear.
Biden is dead duck. On the one hand not responding to China's present action against Taiwan will affect his November mid term. On the other hand, not lifting some tariffs on China products will be one big factor in fighting inflation. He is between a rock and a hard place.
The collapse of Italy is just the beginning. Next to follow are the rest of the PIGS - Portugal, Ireland, Greece and Spain. They think bad things can only happen in other places, like Sri Lanka. The rude awakening is just being felt in Germany, France and Poland. Denial can only prolong the onset of the pain. But it will become even more painful.
The PIGS were bailed out by Germany years ago, preventing their collapse, when Germany was enjoying it's cheap energy imports from Russia and able to give life support to the PIGS. That honeymoon is over and Germany itself is in deep trouble. Want the Germans to bail out the PIGS in today's context? Keep dreaming.
Europe will be seeing a 'Winter of Discontent'. Pelosi can enjoy another sight to behold.
Only the Americans can destroy themselves.
Only the Americans can destroy Europe.
And it is happening. China does not have to fire a shot to destroy the evil American Empire. It has to be that way or too many people would die and the world would be uninhabitable.
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