The Davos set is intent on destroying Europe, and it looks like they’re doing a pretty good job. From Tom Luongo at tomluongo.me:
The headlines are full of abject terror that Germany’s vaunted industrial base can collapse, and with it the banking sector, if Russia pulls all natural gas supplies.
Of course, this is exactly what the EU said they wanted, and the question now is will they get it, to quote H.L. Mencken, “good and hard.”
So, finally, after destroying their own economy, the politicians in Europe are considering the right question, “Did we do this to ourselves?”
The Euro’s collapse this morning to a new twenty-year low below $1.03 is answering a resounding, “Yes. Yes you did.” I’m sure the board at Uniper, now staring at a $9+ billion bailout after Vice-Chancellor Robert Haebeck and the rest of his Green/Neocon zealots destroyed their investment in the Nordstream 2 pipeline, would agree with the market.
