Sanctions have totally backfired.
Posted on 09/04/2022 11:29:12 PM PDT by Berlin_Freeper
Absolutely yes. That would be my proposal, too.
I scream in pain as I strike you.
That’s like saying we have to spend money to save money.
People are simply to stupid.
With the pain now coming to Germany, are you sorry for slavishly defending Biden’s illegal war?
Dear Berlin Freeper,
I mean no offense in any way, but still I am concerned that the prospects for civil disturbances, akin to those of the Yellow vests in France a while ago, cannot be completely ruled out.
I hope I will be proved wrong, but yes, I’m a little anxious, I must confess.
The more they ‘cap’ energy bills, the faster the gas will burn.
But given the German government, I’m not surprised they don’t understand this.
” Travis McGee (EnemiesForeignAndDomestic.com)
Are you recruiting enemies? “
Should he be executed for his views?
“It appears that Germany has six still functioning nuclear power plants. It would be better for them to spend that fictitious money on a few new plants and upgrading the existing units. After all the existing units are going to be running at 105% this winter.”
Actually they HAD 6 plants through the end of last year, now it’s three. And so while there’s talk of keeping the 3 running a bit longer, Habeck (the Green Energy Minister in Germany) is hell-bent against it, and I think he’s still getting his way.
Trivia Question: How many Hot Showers can a single Nuclear Reactor provide?
As Europe Implodes, It Plans “Radical Intervention” Including Price-Setting, Suspending Derivatives Markets And Europe-Wide Margin Call Bailouts
[excerpt]
So what can Europe do? Nothing really, but it will pretend to be in control until the bitter end. The options the Czech presidency is set to suggest - according to Bloomberg - would complement measures floated by the European Commission in a policy note seen by Bloomberg last week. They included a power-demand reduction and price caps on renewables, nuclear and coal, all of which are of course dead-ends. The presidency is poised to propose similar “solutions” in the power sector and float the following additional tools:
To limit the impact of gas prices on power prices:
> temporarily capping the price of gas used for electricity generation
> putting a price ceiling on gas imported from Russia
> temporary exclusion of power production from gas from merit order and price setting on the electricity market could also be an option
Uhm, someone should tell Europe that since Russia is already barely exporting any “weaponized” gas to Europe to destroy the continental economy, setting a price cap on whatever molecules of gas are left won’t really do anything at all. But this is what happens when Europe is run by absolute idiots.
The only thing wrong with Europe is Europeans
Excellent article here. Very, very well worth your time.
The Winter War
https://gatesofvienna.net/2022/09/the-winter-war/
Over the last three months or so it has become quite clear that the Western alliance has decided to commit energy suicide in order to continue to wage its lunatic proxy war against Russia in Ukraine. Russia and China are being strengthened by the West’s foolhardy sanctions against Russia, and Europe will be impoverished as it shivers in the dark this coming winter.
The following article explains in detail what is happening in the worldwide energy markets, and especially in Europe. Many thanks to LN for translating the German-language text from the Swedish site Poddtoppen:
For the West, the day of reckoning comes in winter
by Rainer Rupp
September 2, 2022
In my Daily Dose last week, I briefly discussed an article by the British professor Helen Thompson published in the Financial Times (FT) on August 19, 2022.
Another excerpt from the excellent Zerohedge column:
It gets better: to increase liquidity in the energy market, where virtually nobody trades any more since there is simply no physical with which to hedge financial positions, Europe will propose:
> an urgent Europe-wide credit line support for market participants faced with very high margin calls
> capping the limits for margining or automatic price ceiling adjustment
> temporary suspensions of European power derivatives markets.
In short, Pierre Andurand was not only absolutely spot on when he said the “oil market is completely broken” but now every other commodity market is about to be “regulated” to death. Which means paper prices may soon hit 0 as physical prices approach asymptote (i.e +∞).
The Czech presidency is also set to suggest an even more humiliating and laughable assessment of how the EU could use its “carbon market” to address high electricity prices and ensure a quick deal on a commission proposal earlier this year to sell some permits withdrawn from the market and kept in a special reserve. Such sales - Bloomberg reports - “would boost supply of emission permits, helping lower their prices.” Spoiler alert: they won’t do jack shit.
And in typical European word goulash style, the most hilarious idiocy was as usual saved for last: here it is from Bloomberg.
The planned intervention should be designed in a way to avoid an increase in gas consumption or jeopardize the efforts to cut gas demand. It should be simple to implement and coordinate across the bloc and be consistent with the bloc’s climate goals, the presidency said in the draft document.
Yup “simple to implement”, and this is where laughter breaks out. Why? Because as even Goldman said on Friday, nothing Europe does will lead to lower prices and if anything will send prices much higher. First, we excerpt from Goldman’s Damien Couravlin who explains - once again - why Europe’s “brilliant” plans always works in theory and collapse in practice. [More at link]
What happened to all of Europe’s green energy? The World Economic Forum has been pushing it for 50 years....demanding that we all comply.
They’ve been telling us fossil fuels are causing climate change and destroying the planet...
Is the truth becoming evident under duress?
Thanks Travis, and good luck at your trial in Berlin (LOL).
Anyway, this is now outdated:
“In March 2022, initial projections expected (Russian) GDP to slump by as much as -14% for the current year. In the meantime, this bad news has been corrected to -4% percent”
It’s now -0.25% drop - pretty much flat.
The EU will get its LNG.
Whose will it be...
“The joy of the Western economic warmongers over the collapse of Russian car production in the first months of the sanctions was also short-lived.”
One of the things that Russians had to tolerate and pay for, for having European cars, was all the ‘extras’ that are now mandated, including anti-lock brakes, pyrotechnics (called ‘air bags’ in the West), and lots of new ‘features’.
Now that they’re freed from all that crap, they can build and sell cars for far less than the $30k plus average price in the West.
“The EU will get its LNG. Whose will it be...”
So far this year, Pakistan has gotten one shipload of LNG. Europe outbid them on the rest.
Things will get ugly.
That’s the intent.
Deep States all over the globe have their citizens by the throat.
Sanctions have totally backfired.
“The Russian population can live quite well without French cheese or Parma ham from Italy or cosmetics and luxury items from Dior.”
Russia USED to get all of their cheese from Europe, but then they were hit with ‘sanctions’ from their 2014 liberation of Crimea. So now Russia produces its own high-quality cheese and has no interest in ever going back to Europe for that commodity.
...just one example.
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