Major Recession Already Crippling Europe

 Today over 50% of Ukraine's electricity supply was knocked out in about two hours by the Russian air force. Over the past few days about 4,000 Ukrainian soldiers were killed and 8000 more wounded during Russia's tactical withdrawal from some parts of the war front around Kharkov. 

Ukraine was previously exporting surplus electricity to Europe but as of today they do not have any more surplus. That nuclear plant at Zaporizhzhia (the largest nuclear power plant in Europe, producing about half of Ukraine's electricity) has been under Russian control and has been shut down by the Russians for security reasons (the plant came under Ukrainian attack).  

All this means there is less and less energy supply in Europe and at a time when the temperature too will start getting cooler towards the end of September.

More protests against the artificial energy crisis have taken place in Italy, France and Vienna, Austria.  Here is a one minute video of Austrians protesting in Vienna. These are German folks, so they are pretty disciplined. N'theless it is a protest.

 

Here are some TV news projections (WION) about lowered GDP growth expectations for Europe this year. This is actually quite serious.  These are very huge economies in the world. Germany, Italy and France are members of the G7 - the seven largest economies in the world (excluding China).  Their GDP growth is entering negative territory.

In the meantime others are profiting. Since March 2022 over 70% of American gas exports have been diverted to Europe. Since March America has sold over 30 BILLION cubic meters of gas to Europe. 

Folks, just follow the money. Obviously Wall Street is making very big money from the war in Ukraine.  

Winston Churchill said (in his four volume History of the Second World War) that in his view one of the big reasons for the Great Depression of 1929 was because Germany and Great Britain had not fully recovered from the First World War that ended in 1918.  

Germany had to divert a lot of its industrial and financial resources to making large reparations payments to the US and the West while Britain also had to repay huge sums of loans it had borrowed from the Wall Street bankers to finance the First World War.   So although the war had ended in 1918 huge amounts of financial resources did not go to increasing both demand and supply in Britain, Germany and other countries in Europe. 

Their economic growth and output was impacted. Their purchasing power got killed. They could not buy as much including from America. Hence the crash on Wall Street (on October 29, 1929).

This is what is happening again in Europe now. Without firing a single shot (outside of Ukraine and Azerbaijan-Armenia) the entire industrial output of Europe is grinding down. 

Excuse the F-worded title but the young fellow in the following video has some scary information. Large companies in Germany (including their biggest toilet paper manufacturer) are folding up - because of high gas prices and non-availability of gas from Russia. This means unemployment and bankruptcies along their entire supply chain. 

 

But some people are getting very rich - mainly the American oil companies which are now selling oil and gas to Europe - to replace Russian oil and gas.

There are no more righteous wars. Just follow the money. That is where the wars are 'manufactured'. 

I hope more people in Europe will start to protest, perhaps a little more vigorously, against this obviously artificial and fabricated situation their entire continent has been forced into. An entire continent is being manipulated.