Is The Economy Just Now Falling Apart

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
On the subject of political and economic delusion.

EU must seize ‘unique opportunity’ to supplant US dollar dominance, says ECB president | Euractiv https://share.google/GPTQwdAShLSeRtYr2
First BRICS and now the EU.

BRICS might have a chance seeing as it is backed by tremendous oil and mineral resources, but the EU and its rapidly eroding industrial base? That is hopium on an interstellar scale.
 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580
First BRICS and now the EU.

BRICS might have a chance seeing as it is backed by tremendous oil and mineral resources, but the EU and its rapidly eroding industrial base? That is hopium on an interstellar scale.
That's about it all right.
Do these dummies ever consider the reason NS2 was blown up.?
To prevent even the faintest chance for the euro to challenge the dollar in any event.
 

Declan

Administrator
Staff member
New
Joined
Sep 11, 2021
Messages
9,009
Reaction score
6,447
While this is in motion, the Yen looks to have taken a skiv through the heart
 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
European industry and commerce is at last waking up it seems, and not before time -

The two-page letter is direct and to the point. It calls for reform of the EU’s merger guidelines, “full abolishment” of the Corporate Sustainability Due Diligence Directive (CS3D), a moratorium on the Data Act and AI Act, national grid investments, and more.

That letter was signed by 48 big names in the EU business world so it can hardly be dismissed as just a bunch of fruit loops whinging.

 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580
European industry and commerce is at last waking up it seems, and not before time -

The two-page letter is direct and to the point. It calls for reform of the EU’s merger guidelines, “full abolishment” of the Corporate Sustainability Due Diligence Directive (CS3D), a moratorium on the Data Act and AI Act, national grid investments, and more.

That letter was signed by 48 big names in the EU business world so it can hardly be dismissed as just a bunch of fruit loops whinging.

Until the unelected idiocracy are removed from all levers of policymaking.
Nothing will change.
IF the EU is to remain.
It's got to revert to the original mission.
Cheap good food.
Free trade and fair standard's between members.
Everything else is up to the nation states.
No more bullying and coercion of small nations as is happening nowadays.
 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
Until the unelected idiocracy are removed from all levers of policymaking.
Nothing will change.
IF the EU is to remain.
It's got to revert to the original mission.
Cheap good food.
Free trade and fair standard's between members.
Everything else is up to the nation states.
No more bullying and coercion of small nations as is happening nowadays.
Agree 101%, but how do we get from where we are now to that utopia?

Industry and commerce have, up until now, usually lobbied for influence in framing EU legislation, but here are 48 movers and shakers seeking to not just swing it in their favour but abolish large parts of it altogether, that is probably a first and is a sign of hope that the EU may be losing its stranglehold.

Naturally they will be dismissed as far right agitators because that is all the sissy boys of the EU can do, yet it is a clear indication that its not just us peasants who are fed up with Fond of Lying and her crew.
 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580

PlunkettsGhost

Well-known member
Member
Joined
Jan 11, 2023
Messages
3,953
Reaction score
3,777

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
Are they telling us something? :unsure:

The European Central Bank telling us what we all knew, cash is king, but will the Irish government listen to what the people want and that is higher denomination notes as they have on the continent, or will it carry on in this mindless pursuit of trying to do away with cash altogether by ensuring we have to push wheelbarrows of the stuff around as inflation eats away at its value?

I also get the distinct impression that the EU bank was instructed to get a few digs in at Russia while compiling that report.
 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
His remarks on the state of the EU leadership echo much of what has been said here, and he to is uncertain as to whether politicians have naturally dumbed down or whether it is a deliberate policy implemented by a higher power structure. I'm never convinced by very grand and very clever and precise plans being executed by a super intelligent elite, I think, like Mahbubani, it is more a case of cultivating the ground and setting the right conditions for situations to arise rather than a blueprint being ruthlessly imposed upon the world.
 

céline

Active member
New
Joined
Nov 30, 2024
Messages
378
Reaction score
80
Remove the influence of American Jews who speculate on European finance & you'll begin to solve the problem.
 

clarke-connolly

Well-known member
Member
Joined
Feb 14, 2023
Messages
5,393
Reaction score
4,826
A united European Empire to oppose America, Russia & China. The European Union may actually be a good thing, in this regard.
The Americans have turned the EU into GIMP EU ~ ~ And the Americans are correct to GIMP such Willing Gimps ! ! !
 

Declan

Administrator
Staff member
New
Joined
Sep 11, 2021
Messages
9,009
Reaction score
6,447
At best, about half the western europeans will be killed before they can cleanse the invaders out
 

PlunkettsGhost

Well-known member
Member
Joined
Jan 11, 2023
Messages
3,953
Reaction score
3,777
At best, about half the western europeans will be killed before they can cleanse the invaders out
It's the Black Death repeating, only it will be Brown Death this time. However, following this tragedy a new glorious era could arise, just as it did in the 14th century
 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
An interesting take on the Russian gas position is that the two main fields that supplied the west were the Urengoy and Yamburg fields which have basically reached the end of their lives.

This means that cheap Russian gas was going to come to an end anyway and the Ukraine war has simply given a face saving excuse to scramble around for an alternative, rather than Western governments having to admit they bet the house on one short term supplier.

Russia does have more gas, but further to the east from where it is easier to supply China et al.
 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580
An interesting take on the Russian gas position is that the two main fields that supplied the west were the Urengoy and Yamburg fields which have basically reached the end of their lives.

This means that cheap Russian gas was going to come to an end anyway and the Ukraine war has simply given a face saving excuse to scramble around for an alternative, rather than Western governments having to admit they bet the house on one short term supplier.

Russia does have more gas, but further to the east from where it is easier to supply China et al.
I'd like to hear that confirmed from Russia sources.
There was no issues mentioned pre smo with supplies.
And there would have been plenty of funds to resolve supply issues.
Why build NS2?
That said to supply western Europe for over half a century was a heck of a field.
Now that brings up an interesting question.
Apply the same thing to the Algerian fields supplying southern Europe.
What's left there?
And to the US gas fields shale formations.
The Germans environmental bed shitting wry their npps was a ridiculous and fatal economic decision.
 
Last edited:

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
I'd like to hear that confirmed from Russia sources.
There was no issues mentioned pre smo with supplies.
And there would have been plenty of funds to resolve supply issues.
That said to supply western Europe for over half a century was a heck of a field.
Now that brings up an interesting question.
Apply the same thing to the Algerian fields supplying southern Europe.
What's left there?
And to the US gas fields shale formations.
The Germans environmental bed shitting wry their npps was a ridiculous and fatal economic decision.
It was a fellow on Linkedin I follow who is involved in the gas industry who alerted me to it, so I checked it out on Wikipedia (yes, I know...) and it seems a little out of date, but for what it's worth its here -

The Urengoyskoye conventional gas field has over ten trillion cubic meters (1013 m3) in total deposits.[1] It recovered by the end of 2021 more than 90% of its reserves. As of 2021, its output was six times lower than at its peak from 1985 to 1996

 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580
It was a fellow on Linkedin I follow who is involved in the gas industry who alerted me to it, so I checked it out on Wikipedia (yes, I know...) and it seems a little out of date, but for what it's worth its here -

The Urengoyskoye conventional gas field has over ten trillion cubic meters (1013 m3) in total deposits.[1] It recovered by the end of 2021 more than 90% of its reserves. As of 2021, its output was six times lower than at its peak from 1985 to 1996

Phenomenal volumes!
But if depleted.
Then again why build NS2 ?
Plus as we think about it why did the US dedtroy Same.
Syria was destroyed because Assad wouldn't have a gas line from the gulf as he felt he wasn't getting a good deal.
Must be a bit of gas left there you would think.
 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
Phenomenal volumes!
But if depleted.
Then again why build NS2 ?
Plus as we think about it why did the US dedtroy Same.
Syria was destroyed because Assad wouldn't have a gas line from the gulf as he felt he wasn't getting a good deal.
Must be a bit of gas left there you would think.
All good points, but were there plans to connect other pipelines to NS2? If it had still been in place the investment involved in bringing the eastern gas to the pipeline head on the old fields might have made it worthwhile. With Nordstream gone it is probably cheaper to send it to China, and China is probably throwing a tenner or two at it to help things along.
 

jpc

Moderator
Staff member
Member
Joined
Sep 3, 2022
Messages
3,303
Reaction score
4,580
All good points, but were there plans to connect other pipelines to NS2? If it had still been in place the investment involved in bringing the eastern gas to the pipeline head on the old fields might have made it worthwhile. With Nordstream gone it is probably cheaper to send it to China, and China is probably throwing a tenner or two at it to help things along.
Think Europe still isn't finished shooting itself in the feet or balls energy wise
You would think that other fields had been identified.
Remember that the Russians like long term contracts and wanted to continue.
The Poles some time ago were whinging because they wanted global spot prices which were lower at the time than the Russians contract prices were.
How times and circumstances change.
 

Haven

Well-known member
New
Joined
May 1, 2025
Messages
734
Reaction score
413
Think Europe still isn't finished shooting itself in the feet or balls energy wise
You would think that other fields had been identified.
Remember that the Russians like long term contracts and wanted to continue.
The Poles some time ago were whinging because they wanted global spot prices which were lower at the time than the Russians contract prices were.
How times and circumstances change.
Oh man. Do I need to remind you?


Meanwhile...

 

Mad as Fish

Well-known member
Member
Joined
Jul 1, 2023
Messages
4,344
Reaction score
5,937
Last edited:

Popular Threads

Top Bottom