The bear and the eagle devouring Europe. Euro, game over.
You may say I am crazy, but if I were not so suspicious I would believe that the USA and Russia have devised the perfect trap to destroy Europe and its currency, the Euro. And how can one explain so much clumsiness on the part of the Europeans regarding their own position on the actions to be taken on the Russian issue?
Actually, I think that Europe fell into the trap on its own merits, or rather because of its absurd mistakes, starting with making Russia its main energy pillar and at the same time betting so many resources on the chimera of clean energy.
Most European countries divested themselves of their coal-fired power plants to make room for solar panels and windmills, believing that by using these forms of electricity generation is the key to the salvation of humanity and the planet. What they did not consider in their plans is the fact that the sun is a scarce resource in that continent, the wind no longer blows so much and the life time of both the photovoltaic panels and the rotating blades is shorter than they make us believe, in short, in less than 5 years they become garbage (and very polluting).
So, Russian gas becomes the only cheap solution that Europe can count on while they deceive their people with a transition to clean energies that seems very expensive and unlikely in the short term. It is laughable to see people recharging their electric cars with energy generated from the criticized fossil gas. The USA knowing this desperate situation of Europe offers its not cheap shale gas to replace the evil but 40% less expensive Russian energy.
Ukraine is the perfect chess pawn for Russian and American interests, while Europe is watching its influence in the international context deteriorate along with its euro, the common currency of the countries that make up the European Union. In the same way that the Europeans have bowed to the package of sanctions designed by the USA to punish Russia, it can be observed how these measures have turned against Europe like a Boomerang.
On the one hand, inflation is galloping unchecked across the continent at the same time that Russian gas is no longer circulating in the pipelines; on the other hand, the euro has not stopped devaluing to the point of equaling the price of the US dollar for the first time in 20 years, with a tendency to fall to levels never seen before.
And now expensive U.S. gas is not arriving with the required frequency on the other side of the Atlantic largely because of the failure at the Freeport plant, the country's main export point, which according to the repair team is likely to be back on line in October.
Meanwhile, Russia has left Europe without gas supplies, an event expected by everyone, except surprisingly by the Europeans themselves, who ironically demand the entry of gas supplies from the East despite the sanctions. The European fear is evident: they do not have enough gas supply to face the winter and the little supply that exists is becoming more and more expensive, and if this happens, it would undoubtedly be the blow that would bring down the European Union and its moribund euro.
While Europe changes the security of the "hostile" Russia, the latter secures an excellent ally: India, the "new Europe". All the gas and oil that used to go to Europe is now received with open arms by Ghandi's country, by the way at a discount and paying with the local currency of both (Rupees and Rubles), putting both the euro and the almighty dollar out of business.
And just when Europe needs to position its battered euro more, the USA demands payment for its energy products in dollars, something that before the sanctions Russia was happy to accept payments in the Community currency. Now, if Europe wants gas, it must pay for it in rubles, otherwise this necessary fluid for the continent's economy will continue to be out of circulation.
The new strategy devised by the USA is now to impose a price limit on Russian oil and gas, i.e. to impose a tariff on the hydrocarbons of the world's largest country, something like the
the world's largest country, something like ducks shooting at hunters. Russia's response was blunt: you apply that and the price of gas and oil will go up ad infinitum because we will not supply a drop more to the East. Considering Russia's big business with India and China the American proposal would only imply the final destruction of Europe as we know it as well as its euro.
Posted Using LeoFinance Beta
