WE are doing quite nicely given the global circumstances after the "pandemic" and now the Russian action in Ukraine. Meanwile as France gets ready to implode and Italy's debt crisis causes panic in Brussels Germany warns that they are in deep trouble. Oh yes indeed we are well out of the ponzi scheme. It was always going to collapse, they all do, the question was when. When turns out to be "when they can no longer send us the bill for everything".
//Germany is facing a “Lehman Brothers” collapse in its energy market that could spark a domino effect leading to a severe recession should the gas-addicted economic powerhouse of the European Union be fully cut off from Russian energy supplies.
Economy Minister and Vice-Chancellor Robert Habeck said on Friday that Europe’s largest economy could be forced to shut down certain industries should gas supplies run think by the winter.
“Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become poorer,” he said according to DW.
The Green Party politician warned that there could be “a kind of Lehman-Brothers effect in the energy market,” spreading through municipal utilities, industrial and commercial companies, “And then you have a domino effect that would lead to a severe recession.”//