Jul 19, 2022
Summary:
Germany has been capable of making well reasoned decisions over the
years, but recent events have indicated quite the opposite. John
Rubino comes on the show to talk about the chaos occurring with
Germany’s lack of gas, and the lack of faith in the euro. With
civil unrest and the inevitable need for the European central bank
to tighten, unfortunate outcomes are in store for Germany—and the
future of Europe. Listen in for more information.
Highlights:
-A few years back, Germany decided to cut deals with Russia for
natural gas—which would make Russia a primary supplier for their
natural gas
-They put a hostile military alliance right on their border, and
now Russia isn’t exporting natural gas to Germany
-Germany is currently setting up warming stations
-Energy is crucial to Germany’s economy, and now they’re running a
trade deficit
-The only reason the euro was a viable currency was because
everyone perceived the euro to be a new version of German currency.
They also thought of the other outstanding debt as being German
debt
-Nothing is propping up the euro, which is why there is now
chaos
-People are losing faith in the euro and Germany. The only solution
would be taking back the sanctions and trying to make peace with
Russia—but it’s also not in Russia’s best interest to do this
-There is a lot of civil unrest taking place
-Damage is being done to agriculture; all of the farmers in the EU
are rebelling
-The European central bank has no other choice but to tighten
Useful Links:
Financial Survival Network
Dollar Collapse