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European De-Industrialization Could Lead to ‘Lost Decade’
The Financial Times and CNN report on America siphoning manufacturing and the EU’s potentially catastrophic decline
Honestly, this was all entirely predictable. It didn’t take a genius to see that EU sanctions on Russian energy were going to backfire in an epically horrific way. I always said that it was the equivalent of shooting yourself in both legs and hoping the bullets would go through the floorboards and maybe-possibly-hopefully hurt Vladamir Putin seven floors down. Then not being able to walk and cursing the Kremlin for ‘forcing’ you to self-implode.
Due to high energy prices, the EU economy is teetering on the brink. Meanwhile, the US is in a much more comfortable position, again, a predictable phenomenon. America is selling Europe way more expensive LNG — while they weirdly celebrate the deals like they’re not getting ripped off — and billions and billions worth of weapons are also being sold as NATO countries expand military budgets and re-up stockpiles they had raced to donate to the war effort.
European nations say they cannot take any more refugees, as numbers surpass even the peak years of the early twenty-teens. Meanwhile, America is chilling an ocean away.