🇪🇺⚡The #energy #crisis will hit like the disaster of 2009 - Bloomberg
Governments are spending hundreds of billions of euros to ease the pain of high gas prices, but that won't stop a deep recession.
The economic damage from cutting off Russian #gas supplies is mounting rapidly in #Europe and could eventually eclipse the effects of the global financial crisis.
With a continent-wide recession looking imminent, a harsh winter is setting in for chemical manufacturers, steel mills and automakers, starved of essential raw materials, who, along with households, are sounding the alarm about skyrocketing energy #bills. #Russia
Ryan Hartwig:
But what if my social credit score isn't high enough? I won't be able to buy at the local gas station?
#amazon #gas #purchase #debitcard #payments #gab #creditcard #tulsa
🇩🇪🇷🇺 Germany says it will do everything to eliminate the technical problems that prevent the full operation of #NordStream, due to which #gas supplies to #Europe have been sharply reduced.
To do this, it is necessary to bypass our own sanctions restrictions, which prevent the supply of German equipment to Russia (#Siemens equipment is stuck in #Canada due to sanctions).
In fact, #Germany signs that it is going to do everything to violate the sanctions against #Russia. If you want to live, you won't get so upset.
In the case of Germany, the word "live" implies the survival of a part of industries that cannot refuse Russian gas in the coming years.
🇪🇺⚡The #energy #crisis will hit like the disaster of 2009 - Bloomberg
Governments are spending hundreds of billions of euros to ease the pain of high gas prices, but that won't stop a deep recession.
The economic damage from cutting off Russian #gas supplies is mounting rapidly in #Europe and could eventually eclipse the effects of the global financial crisis.
With a continent-wide recession looking imminent, a harsh winter is setting in for chemical manufacturers, steel mills and automakers, starved of essential raw materials, who, along with households, are sounding the alarm about skyrocketing energy #bills. #Russia
Ryan Hartwig:
But what if my social credit score isn't high enough? I won't be able to buy at the local gas station?
#amazon #gas #purchase #debitcard #payments #gab #creditcard #tulsa
🇩🇪🇷🇺 Germany says it will do everything to eliminate the technical problems that prevent the full operation of #NordStream, due to which #gas supplies to #Europe have been sharply reduced.
To do this, it is necessary to bypass our own sanctions restrictions, which prevent the supply of German equipment to Russia (#Siemens equipment is stuck in #Canada due to sanctions).
In fact, #Germany signs that it is going to do everything to violate the sanctions against #Russia. If you want to live, you won't get so upset.
In the case of Germany, the word "live" implies the survival of a part of industries that cannot refuse Russian gas in the coming years.